Salary Range & Percentiles
Pay distribution across experience levels
- 10th Percentile — Entry Level$94,310
- 25th Percentile — Junior$125,490
- 50th Percentile — Median$166,570
- 75th Percentile — Senior$219,980
- 90th Percentile — Top Earners$323,270
The top 10% of Financial Managers earn $323,270 or more per year. Entry-level professionals can expect to start around $94,310, with significant growth over the first 5 years.
Salary by State
Geographic salary comparison
| State | Avg Salary | vs National |
|---|---|---|
| New York | $246,560 | +31.9% |
| Massachusetts | $218,230 | +16.8% |
| New Jersey | $216,740 | +16.0% |
| California | $210,490 | +12.6% |
| District of Columbia | $210,420 | +12.6% |
| Colorado | $209,360 | +12.0% |
| Delaware | $203,890 | +9.1% |
| Connecticut | $201,260 | +7.7% |
| Virginia | $199,320 | +6.6% |
| North Carolina | $196,240 | +5.0% |
| Washington | $195,430 | +4.6% |
| Illinois | $183,920 | -1.6% |
| Georgia | $182,920 | -2.1% |
| Rhode Island | $181,400 | -2.9% |
| Texas | $180,170 | -3.6% |
| Minnesota | $176,560 | -5.5% |
| Oregon | $173,790 | -7.0% |
| South Dakota | $172,430 | -7.7% |
| Kansas | $171,510 | -8.2% |
| Maryland | $170,350 | -8.9% |
| Florida | $169,990 | -9.1% |
| Utah | $168,050 | -10.1% |
| Pennsylvania | $164,650 | -11.9% |
| Tennessee | $164,480 | -12.0% |
| Missouri | $163,820 | -12.4% |
| Ohio | $162,780 | -12.9% |
| New Hampshire | $160,920 | -13.9% |
| South Carolina | $160,800 | -14.0% |
| Alabama | $160,120 | -14.3% |
| Arizona | $158,550 | -15.2% |
| Michigan | $158,110 | -15.4% |
| Wisconsin | $155,800 | -16.6% |
| Nebraska | $155,410 | -16.9% |
| Nevada | $154,570 | -17.3% |
| Indiana | $153,260 | -18.0% |
| North Dakota | $153,130 | -18.1% |
| Oklahoma | $151,850 | -18.8% |
| Maine | $151,450 | -19.0% |
| Montana | $150,850 | -19.3% |
| Iowa | $149,730 | -19.9% |
| New Mexico | $147,820 | -20.9% |
| Hawaii | $146,850 | -21.4% |
| Vermont | $146,120 | -21.8% |
| Kentucky | $145,780 | -22.0% |
| Louisiana | $142,670 | -23.7% |
| Idaho | $142,420 | -23.8% |
| Alaska | $139,740 | -25.2% |
| Arkansas | $136,680 | -26.9% |
| Wyoming | $134,710 | -27.9% |
| Mississippi | $128,380 | -31.3% |
| West Virginia | $127,910 | -31.6% |
What Factors Affect Financial Managers Salary?
Key factors affecting compensation
Pay for Financial Managers is influenced by geographic location, years of experience, employer type, and educational background. Location alone is a large factor: New York pays an average of $246,560, while West Virginia pays $127,910 — a gap of $118,650 per year.
Experience plays a major role in compensation. Entry-level Financial Managers typically earn $94,310–$125,490 per year, while senior professionals with 10+ years of experience can command $219,980–$323,270 annually. Specialization and advanced certifications can further boost earning potential.
Employer size also matters. Large corporations and government agencies tend to offer more competitive packages including benefits, retirement plans, and bonuses. The Financial Managers role currently has very high demand in the job market with a 3.5% growth rate, making it one of the steadily growing careers in the Management sector.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
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Frequently Asked Questions
Common questions about this salary
What is the average salary for Financial Managers?
The average salary for Financial Managers in the United States is $186,910 per year, with a median of $166,570.
What is the starting salary for Financial Managers?
Entry-level Financial Managers typically earn between $94,310 and $125,490 per year depending on location and employer.
What state pays Financial Managers the most?
New York pays Financial Managers the most at $246,560 per year on average, followed by Massachusetts ($218,230) and New Jersey ($216,740).
How much do Financial Managers make per hour?
Based on the average annual salary of $186,910, Financial Managers earn approximately $89.86 per hour (based on 2,080 working hours/year).
Is Financial Managers a good career in 2026?
BLS counts 841,710 Financial Managers jobs in the United States, with a mean annual wage of $186,910 and a median of $166,570 (OEWS May 2025). This site does not publish job-growth projections; the BLS Occupational Outlook Handbook covers the outlook for each occupation.
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