The average salary for a financial manager in the United States is $174,820, but the range typically falls between $110,190 and $210,830. This corresponds to an average hourly wage of $84.05, with a range between $52.98 and $101.36.
There are approximately 787,340 people employed as a financial manager in the United States. With California, Texas, New York employing the highest number of financial managers.The state with the best pay for a financial manager is New York, with an average annual salary of $241,150, while Mississippi has the lowest average annual salary of $114,260.
| Annual Salary | Hourly Wage | |
|---|---|---|
| 10th Percentile | $82,870 | $39.84 |
| 25th Percentile | $110,190 | $52.98 |
| Median | $156,100 | $75.05 |
| 75th Percentile | $210,830 | $101.36 |
| 90th Percentile | >$239,200 | >$115.00 |
The salary of a financial manager can vary depending on the state. Below is a map of the United States showing the average annual salary for a financial manager in each state. The darker the color, the higher the salary. The best states for financial managers are New York, New Jersey, Delaware, District of Columbia, Massachusetts while the worst states are Mississippi, West Virginia, Arkansas, Idaho, Louisiana.
| State | Low-end | Average | High-end |
|---|---|---|---|
| Alabama | $81,970 | $149,750 | $226,190 |
| Alaska | $82,530 | $149,100 | $212,700 |
| Arizona | $72,100 | $154,140 | >$239,200 |
| Arkansas | $55,030 | $119,530 | $207,040 |
| California | $96,170 | $196,670 | >$239,200 |
| Colorado | $110,290 | $190,270 | >$239,200 |
| Connecticut | $90,630 | $178,340 | >$239,200 |
| Delaware | $121,800 | $195,880 | >$239,200 |
| District of Columbia | $127,720 | $190,630 | >$239,200 |
| Florida | $77,490 | $162,180 | >$239,200 |
| Georgia | $84,370 | $178,980 | >$239,200 |
| Hawaii | $77,740 | $134,260 | $195,860 |
| Idaho | $70,470 | $126,290 | $199,990 |
| Illinois | $85,360 | $173,210 | >$239,200 |
| Indiana | $65,500 | $135,840 | $212,930 |
| Iowa | $73,360 | $135,300 | $213,980 |
| Kansas | $84,440 | $150,690 | $236,040 |
| Kentucky | $64,080 | $132,350 | $209,800 |
| Louisiana | $70,700 | $129,040 | $213,450 |
| Maine | $78,690 | $157,460 | >$239,200 |
| Maryland | $84,150 | $162,980 | >$239,200 |
| Massachusetts | $96,750 | $192,040 | >$239,200 |
| Michigan | $75,930 | $147,550 | $224,620 |
| Minnesota | $91,840 | $165,340 | >$239,200 |
| Mississippi | $52,180 | $114,260 | $192,820 |
| Missouri | $73,970 | $149,360 | $223,890 |
| Montana | $76,590 | $138,340 | $235,410 |
| Nebraska | $81,040 | $143,490 | $217,620 |
| Nevada | $62,620 | $140,450 | $237,000 |
| New Hampshire | $80,660 | $159,290 | >$239,200 |
| New Jersey | $127,660 | $208,370 | >$239,200 |
| New Mexico | $77,950 | $128,820 | $197,440 |
| New York | $111,090 | $241,150 | >$239,200 |
| North Carolina | $88,120 | $168,610 | >$239,200 |
| North Dakota | $80,660 | $149,720 | $236,810 |
| Ohio | $75,630 | $149,310 | $230,320 |
| Oklahoma | $66,890 | $140,520 | $222,760 |
| Oregon | $86,110 | $160,650 | >$239,200 |
| Pennsylvania | $79,930 | $157,290 | >$239,200 |
| Rhode Island | $100,730 | $175,870 | >$239,200 |
| South Carolina | $75,480 | $141,140 | $222,950 |
| South Dakota | $106,280 | $168,330 | $224,170 |
| Tennessee | $75,250 | $148,920 | $237,840 |
| Texas | $79,830 | $170,970 | >$239,200 |
| Utah | $77,180 | $158,270 | >$239,200 |
| Vermont | $73,490 | $132,390 | $215,140 |
| Virginia | $99,720 | $183,410 | >$239,200 |
| Washington | $106,750 | $187,580 | >$239,200 |
| West Virginia | $55,530 | $114,410 | $182,690 |
| Wisconsin | $84,930 | $150,570 | $226,060 |
| Wyoming | $68,000 | $127,520 | $189,730 |
Even between cities, the salary of a financial manager can vary. For example, the areas with the highest average salary for financial managers is New York-Newark-Jersey City area, NY with an average salary of $242,100.The city with the lowest average salary for financial managers is Southwest Mississippi nonmetropolitan area, MS with an average salary of $97,200.
Areas with highest average salaries for financial managers
Areas with lowest average salaries for financial managers
The number of financial managers in the United States has been increasing over the years. Since 2020, the number of financial managers has increased by 134,260. On average, the number of financial managers has been increasing by 5.1% each year. The salary of financial managers has been increasing. Since 2020, the salary of financial managers has increased by $23,310. On average, the salary of financial managers has been increasing by 3.8% each year.
Financial Managers are part of the management occupations group. Below is a comparison of the average annual salary for financial managers compared to other jobs in the same occupation group. View all management occupations jobs here.
$69,580 per year
$76,790 per year
$83,400 per year
$111,020 per year
$78,400 per year
$122,010 per year
