How Much Does A Financial Manager Make?

Companies need financial managers to make sure that their finances are on a healthy and stable footing. Those who love to work with numbers and don’t mind a position that makes them take on a lot of responsibility will love the challenge that this career gives.

Although the work is typically stressful and requires a lot of overtime, financial managers tend to make six-figure incomes on the average. Those working for smaller companies may not earn much but their pay can still be considered above average.

Average Financial Manager Annual Salary

$139,720

The average annual salary for financial managers is $139,720 a year. Salaries start at $65,000 a year and go up to $208,000 a year.

Average Financial Manager Hourly Wage

$67.17

The average hourly wage for a financial manager is $67.17. Hourly wages were between $31.25 and $100 an hour.

Stats were based out of 543,300 employed financial managers in the United States.

Does Your Pay Depend On Your Experience?

Executive Financial Manager

greater than $208,000/year greater than $100.00/hour

(Top 10% of Financial Managers)


Senior Financial Manager

$168,790/year $81.15/hour

(Top 25% of Financial Managers)


Mid Level Financial Manager

$121,750/year $58.54/hour

(Median)


Junior Financial Manager

$87,530/year $42.08/hour

(Bottom 25% of Financial Managers)


Entry Level Financial Manager

$65,000/year $31.25/hour

(Bottom 10% of Financial Managers)


Financial Manager Average Salary Comparison

Computer and Information Systems Managers
$145k / year
$70 / hour
Financial Managers
$139k / year
$67 / hour
Purchasing Managers
$117k / year
$56 / hour
Industrial Production Managers
$107k / year
$51 / hour
Administrative Services Managers
$98k / year
$47 / hour
Transportation, Storage, and Distribution Managers
$97k / year
$46 / hour

Top 10 Highest Paying States For Financial Managers

Top 10 Highest Paying Cities For Financial Managers

Financial Manager Salary By State

Rank State Hourly Rate Annual Salary
#1 New York $93.01 $193,470
#2 Delaware $80.65 $167,750
#3 New Jersey $79.59 $165,560
#4 Colorado $76.48 $159,070
#5 District of Columbia $75.74 $157,530
#6 Connecticut $73.64 $153,180
#7 Virginia $73.59 $153,070
#8 California $73.39 $152,650
#9 Pennsylvania $72.11 $149,980
#10 Texas $71.86 $149,470
#11 Maryland $69.75 $145,080
#12 North Carolina $68.52 $142,530
#13 Rhode Island $67.99 $141,420
#14 Florida $67.93 $141,300
#15 Georgia $67.72 $140,860
#16 Massachusetts $66.64 $138,610
#17 Minnesota $65.89 $137,050
#18 Nebraska $64.65 $134,470
#19 South Dakota $64.61 $134,380
#20 Missouri $63.73 $132,560
#21 Illinois $61.40 $127,710
#22 Alabama $61.26 $127,420
#23 Washington $61.20 $127,290
#24 Ohio $60.42 $125,660
#25 Wisconsin $59.63 $124,040
#26 Vermont $58.60 $121,890
#27 Michigan $57.88 $120,380
#28 New Hampshire $57.50 $119,610
#29 Kansas $56.54 $117,600
#30 South Carolina $56.00 $116,480
#31 Oregon $55.82 $116,110
#32 North Dakota $54.96 $114,320
#33 Arizona $54.58 $113,520
#34 Indiana $54.40 $113,150
#35 Alaska $53.37 $111,010
#36 Iowa $53.02 $110,290
#37 Nevada $52.65 $109,510
#38 Utah $52.64 $109,500
#39 Maine $52.44 $109,080
#40 Montana $52.15 $108,460
#41 Wyoming $52.03 $108,220
#42 Kentucky $51.90 $107,950
#43 Tennessee $50.73 $105,530
#44 Hawaii $50.03 $104,060
#45 Mississippi $49.27 $102,490
#46 Oklahoma $49.19 $102,320
#47 Louisiana $48.60 $101,090
#48 Arkansas $47.09 $97,940
#49 West Virginia $46.60 $96,930
#50 New Mexico $45.38 $94,390
#51 Idaho $45.20 $94,010
#52 Puerto Rico $39.49 $82,140
#53 Virgin Islands $38.14 $79,330
#54 Guam $32.46 $67,510

Data provided by the Bureau of Labor Statistics (BLS).

Career Spotlight: Financial Manager

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