The salary statistics of financial managers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare financial manager salaries in different industries within the finance and insurance sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $60,960 |
| 25th Percentile Wage | $80,590 |
| 50th Percentile Wage | $125,600 |
| 75th Percentile Wage | $192,600 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for financial managers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) financial managers is $192,600. The median annual salary (50th percentile) is $125,600. The average annual salary for the bottom 10 percent paid financial managers is $60,960.
The table and chart below show the trend of the median salary of financial managers in the industry sector of finance and insurance from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $125,600 | 1.07% | 13.46% |
| 2018 | $124,250 | 0.80% | - |
| 2017 | $123,250 | 4.37% | - |
| 2016 | $117,870 | 4.10% | - |
| 2015 | $113,040 | 2.42% | - |
| 2014 | $110,310 | -0.17% | - |
| 2013 | $110,500 | 1.64% | - |
| 2012 | $108,690 | - | - |
The average salaries of financial managers in five industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for financial manager occupations is the securities and commodity contracts intermediation and brokerage industry with an annual salary $189,140. The lowest paying industry is the depository credit intermediation industry (annual salary $89,910). For detailed financial manager salary information in a particular industry, use the links provided below.
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2019 and published in April 2020 [1].