The annual salary statistics of financial managers in Albany-Schenectady-Troy, New York is shown in Table 1. The wage data of financial managers in Albany-Schenectady-Troy 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 | $84,820 |
| 25th Percentile Wage | $104,560 |
| 50th Percentile Wage | $126,210 |
| 75th Percentile Wage | $159,420 |
| 90th Percentile Wage | $170,390 |
Table 1 shows the average annual salary for financial managers in Albany-Schenectady-Troy, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $170,390. The median (50th percentile) annual salary is $126,210. The average annual salary for the bottom 10 percent earners is $84,820.
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 | $126,210 | 0.62% | 15.97% |
| 2018 | $125,430 | 3.60% | - |
| 2017 | $120,920 | 4.70% | - |
| 2016 | $115,240 | 1.61% | - |
| 2015 | $113,380 | 7.07% | - |
| 2014 | $105,360 | -2.60% | - |
| 2013 | $108,100 | 1.90% | - |
| 2012 | $106,050 | - | - |
From Table 3 we note that the median annual salary of $126,210 in Albany-Schenectady-Troy is in the middle of salary range for financial managers in state of New York. In comparison, the annual salary of financial managers in Albany-Schenectady-Troy is 35.1 percent (35.1%) lower than that in the highest paying New York-Northern New Jersey-Long Island and 17.9 percent (17.9%) higher than that in the lowest paying Kingston.