The annual salary statistics of financial managers in South Bend-Mishawaka, Michigan is shown in Table 1. The wage data of financial managers in South Bend-Mishawaka 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 | $58,290 |
| 25th Percentile Wage | $71,170 |
| 50th Percentile Wage | $104,790 |
| 75th Percentile Wage | $129,400 |
| 90th Percentile Wage | $200,370 |
Table 1 shows the average annual salary for financial managers in South Bend-Mishawaka, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $200,370. The median (50th percentile) annual salary is $104,790. The average annual salary for the bottom 10 percent earners is $58,290.
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 | $104,790 | 9.62% | 11.96% |
| 2018 | $94,710 | 20.75% | - |
| 2017 | $75,060 | -17.57% | - |
| 2016 | $88,250 | -7.82% | - |
| 2015 | $95,150 | -12.87% | - |
| 2014 | $107,400 | 7.45% | - |
| 2013 | $99,400 | 7.18% | - |
| 2012 | $92,260 | - | - |
From Table 3 we note that the median annual salary of $104,790 in South Bend-Mishawaka is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in South Bend-Mishawaka is 20.0 percent (20.0%) lower than that in the highest paying Detroit-Warren-Livonia and 29.9 percent (29.9%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.