The annual salary statistics of financial managers in Sherman-Denison, Texas is shown in Table 1. The wage information of financial managers in Sherman-Denison 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 | $37,860 |
| 25th Percentile Wage | $57,990 |
| 50th Percentile Wage | $90,920 |
| 75th Percentile Wage | $123,250 |
| 90th Percentile Wage | $154,530 |
Table 1 shows the average annual salary for financial managers in Sherman-Denison, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $154,530. The median (50th percentile) annual salary is $90,920. The average annual salary for the bottom 10 percent earners is $37,860.
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 | $90,920 | -30.58% | 12.75% |
| 2018 | $118,720 | -5.78% | - |
| 2017 | $125,580 | 1.35% | - |
| 2016 | $123,890 | 10.72% | - |
| 2015 | $110,610 | 18.47% | - |
| 2014 | $90,180 | 7.20% | - |
| 2013 | $83,690 | 5.21% | - |
| 2012 | $79,330 | - | - |
From Table 3 we note that the median annual salary of $90,920 in Sherman-Denison is in the middle of salary range for financial managers in state of Texas. In comparison, the annual salary of financial managers in Sherman-Denison is 35.6 percent (35.6%) lower than that in the highest paying Dallas-Fort Worth-Arlington and 24.0 percent (24.0%) higher than that in the lowest paying Brownsville-Harlingen.