The salary statistics of financial managers are shown in Table 1. In the next few tables we compare the average salaries of financial managers within different industry sectors and in the 50 states of the United States. The financial managers annual salary statistics are from 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 | $68,370 |
| 25th Percentile Wage | $92,310 |
| 50th Percentile Wage | $129,890 |
| 75th Percentile Wage | $181,980 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for financial managers. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $181,980. The median annual salary (50th percentile) is $129,890. The average annual salary for the bottom 10 percent is $68,370. Take note that in the United States, the annual salary of the 75th percentile (the top 25 percent of the highest paid) is almost 166% higher than that of the bottom 10 percent.
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 | $129,890 | 1.46% | 15.51% |
| 2018 | $127,990 | 2.27% | - |
| 2017 | $125,080 | 2.66% | - |
| 2016 | $121,750 | 3.09% | - |
| 2015 | $117,990 | 2.26% | - |
| 2014 | $115,320 | 2.27% | - |
| 2013 | $112,700 | 2.63% | - |
| 2012 | $109,740 | - | - |
The average salaries of financial managers in 20 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for financial managers occupations is the information sector with an annual salary $158,620. The lowest paying sector is the arts, entertainment, and recreation sector (annual salary $110,180).
From the above tables we note that not only financial managers salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of financial managers in all 50 states of the United States. We note that the median annual salaries range from $70,610 to $197,080. The highest paying state for financial managers is New York with a median annual salary of $197,080. The lowest paying state is Puerto Rico with a median annual salary of $70,610. For more salary information of financial managers profession in a specific state, use the links in the table.