The annual salary statistics of financial managers in Indianapolis-Carmel, Indiana is shown in Table 1. The wage statistics of financial managers in Indianapolis-Carmel is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $66,360 |
| 25th Percentile Wage | $86,460 |
| 50th Percentile Wage | $118,230 |
| 75th Percentile Wage | $158,620 |
| 90th Percentile Wage | $184,350 |
Table 1 shows the average annual salary for financial managers in Indianapolis-Carmel, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $184,350. The median (50th percentile) annual salary is $118,230. The average annual salary for the bottom 10 percent earners is $66,360.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $118,230 | -0.63% | 10.18% |
| 2018 | $118,980 | 0.15% | - |
| 2017 | $118,800 | 6.36% | - |
| 2016 | $111,250 | 5.87% | - |
| 2015 | $104,720 | -0.10% | - |
| 2014 | $104,820 | -1.93% | - |
| 2013 | $106,840 | 0.61% | - |
| 2012 | $106,190 | - | - |
From Table 3 we note that with a median annual salary of $118,230, Indianapolis-Carmel is the second highest paying city for financial managers in state of Indiana, following the highest paying city Columbus (median annual salary of $126,430). Compared with Columbus, the median annual salary of financial managers in Indianapolis-Carmel is 6.5 percent (6.5%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Columbus | |
| Indianapolis-Carmel | |
| Fort Wayne | |
| Elkhart-Goshen | |
| Northern Indiana nonmetropolitan area | |
| Muncie | |
| Gary | |
| Lafayette-West Lafayette | |
| Lafayette | |
| Bloomington | |
| Southern Indiana nonmetropolitan area | |
| Michigan City-La Porte | |
| Central Indiana nonmetropolitan area | |
| Kokomo | |
| Anderson | |
| Terre Haute |