Financial managers
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Overview
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
Predicted employment growth
Over the next decade, jobs for financial managers are expected to grow by 19%, and should have about 56,900 job openings a year.
Safety from automation
Financial managers are less likely to be automated than 78% of other careers.
Workforce size
Financial managers, with 580,400 workers, form a larger workforce than 92% of careers.
Education
About 63% of financial managers have at least a bachelor's degree.
Education attained by financial managers
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Context: workers with bachelor's degrees
More financial managers have bachelor's degrees than 77% of other careeers.
Salaries
The median (middle) salary for financial managers is higher than 97% of all other jobs' middle salaries. The graph shows inflation-adjusted salaries for most financial managers.
This job's median $128KAll jobs' median $39K$123K$38K20142015201620172018$0$50K$100K$150K$200K$250K
Note: The salaries for financial managers have been top-coded by the BLS; in 2018, all annual salaries larger than $208,000 are recorded as $208,000.
Context: Median Salary
Gender
Women account for 53% of financial managers -- that's a larger percentage than 67% of other jobs.
Gender of financial managers
Men
Women
Context: Salary inequity
For each career, we compared the median (middle) men's salary to the median women's salary. For financial managers, the median men's salary was 38% more the median woman's salary.
Race/Origin
About 18% of financial managers are minority, and 14% are foreign-born.
Race/origin of financial managers
White
Black
Pacific Islander
Hispanic
Asian
American Indian
Multiracial
Other
Context: Foreign-born workers (14%)
Where are the most jobs?
We ranked the number of jobs in Financial Managers per thousand workers in each state, DC, and Puerto Rico. The darker the blue, the higher the job density.
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
Job benefits
Employer or union-sponsored pension plans are offered to 59% of financial managers, and 75% have company-sponsored health insurance (19% have dependents enrolled in their employer's health plan).
Employer-provided health coverage for financial managers
100% premiums covered
Partial premiums covered
Plan with no cost sharing
No health insurance
Top college degrees
Here are the top college degrees held by the 63% of people in this job who have at least a bachelor's degree. Some of degrees may link to multiple programs due to the way Census classifies college majors. Click on a program to learn more about career opportunities for people who major in that field.
The downside
Some jobs are more stressful than others, and some are just plain dangerous. The following list gives the percentages of financial managers who report hazardous or difficult situations typically occurring at least once a week.
  • Time Pressure (83%)
  • Frequency of Conflict Situations (50%)
  • Consequence of Error (46%)
  • Responsible for Others' Health and Safety (41%)
  • Deal With Unpleasant or Angry People (31%)
SOURCES:24.0 O*NET
Salary and diversity
Salary overview
What do financial managers earn?

In this section, we want to give you a clear idea of what you can expect to earn in this career. We use two sources of data here: the Bureau of Labor Statistics (BLS), which asks employers to classify their workforce and to report salaries using the SOC-specialty level of reporting, and the American Community Survey (ACS), which asks people to classify their jobs using the broad classifications that ididio uses for career profiles, and to self-report their salaries. For some jobs, the differences in survey approaches between BLS and ACS can paint a very different end-picture. Whenever possible, we provide data from both sources.

The BLS-compiled salary data is reported by companies for their employees. This data excludes self-employed workers. We first show the distribution of salaries for financial managers, and then we show how the middle (median) salary for financial managers compares to the BLS-computed median salaries of other careers.
Distribution: Salaries for financial managers (BLS Salary Data)
$128K$0$50K$100K$150K$200K$250K
Context: Median salaries across careers (BLS Salary Data)
$128K$0$50K$100K$150K$200K$250K
Note: The salaries for financial managers have been top-coded by the BLS; in 2018, all annual salaries larger than $208,000 are recorded as $208,000.
We compiled household data from the ACS to determine the salaries that people working at least 35 hours a week report themselves to earn. Unlike the BLS estimates, this data includes self-employed wages. We first show the full salary distribution for all financial managers, and then we show how the median (middle) salary for financial managers compares to the median ACS-reported salary of other careers.
Distribution: Salaries for financial managers (ACS Salary Data)
$68K$0$50K$100K$150K$200K$250K
Context: Median salaries across careers (ACS Salary Data)
$68K$0$50K$100K$150K$200K$250K
Employers and salary
A look at employers and corresponding salaries
The donut shares the break-down of workers by employer type, and following we show the salary distributions for these workers based on those employer types. For some careers, the salaries can be vastly different between private, government, and self-employment. As with our salary overview, we view the both the BLS economists' salary profiles and the household-reported salaries from ACS to get a thorough understanding of where financial managers work and for what salary. We have the great faith in the accuracy of economist-vetted BLS data; however, the BLS restrictions on which employers are surveyed skews the data a bit (read more in the sources), and the ACS responses provide different and useful categorizations of employers and salaries.
Employers of Financial managers (ACS)
Private for-profit (83.8%)
Private not-for-profit (6.7%)
Local government (2.6%)
State government (1.9%)
Federal government (2.3%)
Self-employed incorporated (1.8%)
Self-employed not incorporated (1.0%)
Working without pay (0.0%)
Distribution: Salaries of financial managers by type of employer (ACS data)
Following are the salary distributions by employer type calculated by aggregating individual household survey responses.
$68K$68K$70K$71K$67K$53K$73K$86K$0$50,000$100,000$150,000$200,000Self-employed not incorporatedSelf-employed incorporatedFederal governmentState governmentLocal governmentPrivate not-for-profitPrivate for-profitAll
Note: The salaries for financial managers have been top-coded by the BLS; in 2018, all annual salaries larger than $208,000 are recorded as $208,000.
Distribution: Salaries of financial managers by type of employer (BLS data)
Following are the salary distributions by employer type as reported by BLS based on large employer-focused surveys. We note that smaller employer categories are not included by BLS.
$128K$135K$102K$131K$97K$0$50,000$100,000$150,000$200,000$250,000Federal governmentState governmentLocal governmentPrivateAll
Note: The salaries for financial managers have been top-coded by the BLS; in 2018, all annual salaries larger than $208,000 are recorded as $208,000.
Age and career advancement
Salary growth for financial managers

The biggest take-away from the following two charts is the relationship between salary and experience that we can infer from age. Does this job seem to attract especially younger or older workers? Does it reward experience?

Take a minute a look at how much you might expect your salary to increase with each five years' experience, as well as how the numbers working in this career changes. We only provide this data when there are enough consistent ACS survey responses to allow a reasonable margin of error, so for some careers you will see gaps in our reporting of salary by age.

$61K$80K$80K$74K$78K$78K$76K$32K$44K$0$50K$100K$150KSalary distribution20-2425-2930-3435-3940-4445-4950-5455-5960-64
050K100K150K200KNumber employed20-2425-2930-3435-3940-4445-4950-5455-5960-64

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Gender and Equity
Financial managers and gender

With 53% women, this occupation has a higher percentage of women than 67% of careers.

Context: Women in the workforce
53%0%20%40%60%80%100%
Gender of Financial managers
Men (47%)
Women (53%)
Distribution: Salaries by gender

As we'll illustrate at the bottom of this section, the median (middle) salary for all full-time male workers in the US exceeds the full-time median salary for women by 20%, and the difference for financial managers tops that, with the median salary for men 38% higher than the median salary for women. This chart shows you the salary range for most workers by gender.

$60K$83K$0$50K$100K$150K$200KWomenMen
Context: Salary Inequity

Nationwide there are twenty careers for which men do not have a higher median (middle) salary than women. The chart below shows the salary inequity, the percentage by which the median men's salary is higher than the median women's salary, for most jobs. Financial managers have one of the higher percentage increases for men's salary, with the increase for the men's median salary over the women's median salary in this job even higher than that for 89% of other jobs.

38%0%20%40%60%80%100%

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Race/Origin
Race and origin of financial managers

The representation of minority and foreign-born workers is quite different between careers, and the relative pay of those workers also varies significantly between careers. The percentage of minority financial managers falls in about the middle of all careers' percentages. The percentage of foreign-born workers in this career is near the middle of all careers.

Race/origin of financial managers
White (79% )
Black (8% )
Asian (7% )
Other (2% )
Multiracial (2% )
Hispanic (1% )
American Indian (0% )
Pacific Islander (0% )
Context: Representation of minorities in the workforce
18%0%20%40%60%80%100%
Context: Representation of foreign-born workers
14%0%20%40%60%80%100%
Distribution: Salaries for financial managers by race/origin

For some careers, there is a pay disparity depending on race or origin, though this is not prevalent. We calculate standard errors for all of our calculations, and when the error is high we do not show results. Therefore, for some jobs will have omitted race/origin categories.

$48K$52K$52K$56K$62K$63K$71K$82K$0$50K$100K$150K$200KOtherAmerican IndianHispanicBlackMultiracialPacific IslanderWhiteAsian
Distribution: Salaries for financial managers by nativity
$68K$72K$0$50K$100K$150KAll native citizensAll foreign-born

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Pathways to this career
Education requirements and salary
Education attained by financial managers

According to the Bureau of Labor Statistics (BLS), financial managers typically hold a bachelor's degree.

Sometimes the typical education identified by the BLS differs a bit from the reality of the how much education current workers actually have. The donut shows the education level held by people currently working as financial managers as reported in responses to the American Community Survey. Following, we investigate whether education level influences salary for financial managers.

Education attained by financial managers
None
High School
Some College
Associate's Degree
Bachelor's Degree
Master's Degree
Professional Deg/Doct
Doctorate
Details: Education and training recommended for financial managers

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, accounting, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Details: Licensing and certification recommended for financial managers

Although professional certification is not required, some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience. Certified public accountants (CPA’s) are licensed by their state’s board of accountancy and must pass an exam administered by the American Institute of Certified Public Accountants (AICPA).

Distribution: Salary by education level

What level of education is truly needed for financial managers? Below we see the distribution of financial managers salaries based on the education attained. You may have noticed in the dashboard and elsewhere that BLS top-codes salaries. ACS also engages in a form of top-coding, but by looking at the broader field of financial managers and using the ACS, we are able to see some of the higher salaries and can give a better idea of the range of salaries for this field. These comparisons are based on all survey responses by those who identified themselves as financial managers, and are not intended as a statistical analysis of salary differences that would correct for non-educational factors that could contribute to high or low earnings.

$46K$48K$52K$53K$78K$102K$102K$104K$0$50K$100K$150K$200KNone (1%)High School (10%)Some College (18%)Associate's Degree (7%)Bachelor's Degree (42%)Master's Degree (19%)Professional Deg/Doct (2%)Doctorate (1%)
Bachelor's degree pathways
College majors held by financial managers

This table shows the college majors held by people working as financial managers. Select any degree to see detailed information. We are able to connect careers to degrees using the American Community Survey (ACS), and their degrees are defined a little differently from our programs, which are based on standard CIP classifications. Therefore, selecting some degrees will lead to a selection of CIP-level programs from which to choose.

If you see "**" before the name of a degree/program, that means this field is one that the Department of Education believes is preparatory for this career. However, you can see from this list that those recommendations are far from your only path to this job!

Degree
Select any title to learn more about that degree
Percentage of Financial managers with this degree
Salary for all majors
Salary distribution (across jobs). Showing 0-$200,000.
Median
Middle 50%
Middle 80%
Education
Final education level of all people with this major
Bachelor's Degree
Master's Degree
Doctorate
Gender
Gender of people this bachelor's degree
Men
Women
16.8%
$0$200K$67K
12.5%
$0$200K$72K
8.7%
$0$200K$63K
6.0%
$0$200K$73K
2.9%
$0$200K$60K
2.6%
$0$200K$53K
2.0%
$0$200K$56K
1.5%
$0$200K$60K
1.4%
$0$200K$87K
1.2%
$0$200K$73K
1.0%
$0$200K$54K
0.9%
$0$200K$63K
0.9%
$0$200K$51K
0.7%
$0$200K$97K
0.7%
$0$200K$89K
0.7%
$0$200K$55K
The link between degrees and careers
The link between degrees and careers

With the following "sankey" diagram, you can follow the top ten bachelor's degrees held by people working as financial managers, and then, in turn, you can see the 10 occupations that hire the most of each degree's graduates. This visualization links fields of studies and careers, suggesting both similar careers and options for degrees. The full list of bachelor's degrees held by financial managers given in the previous section reminds us that there are many paths to these careers beyond what we can summarize here.

This job
Top 10 majors
Each major's top ten jobs
Accountants and auditorsFinancial managersManagers (specialized areas)Chief executives and legislatorsLawyers, judges, and magistratesBookkeeping, accounting, and auditing clerksFirst-line supervisors of retail sales workersFirst-line supervisors of office and administrative support workersManagement analystsFinancial analystsWholesale and manufacturing sales representativesSecretaries and administrative assistantsHuman resources workersFirst-line supervisors of non-retail sales workersMarketing and sales managersPersonal financial advisorsSecurities, commodities, and financial services sales agentsCredit counselors and loan officersRetail salespersonsElementary and middle school teachersPostsecondary teachersMarket research analysts and marketing specialistsCustomer service representativesService sales representativesCounselorsSocial workersPsychologistsPhysicians and surgeonsEducation administratorsSecondary school teachersEditorsWriters and authorsAccountingBusiness Management andAdministrationFinanceGeneral BusinessEconomicsMarketingPsychologyPolitical Science andGovernmentCommunicationsEnglish Language andLiteratureAll other degrees
Switching Careers
Most common new jobs
The most common next careers for financial managers

What jobs will most financial managers hold next year?

The data in this chart comes from person interviews for the Census Bureau's Current Population Survey. The survey interviews households eight times over a two-year period, allowing us a glimpse into how people move from job to job. You can see more details from the results of the survey in our last tab in this section, and you can read about our methodology in our source descriptions.

Here we see all of the jobs that at least 1% of financial managers reported holding in their second year's survey. Is your future job on this list?

Financial managersAccountants and auditorsChief executives and legislatorsManagers (specialized areas)Credit counselors and loan officersFirst-line supervisors of non-retail sales workersPersonal financial advisorsCustomer service representativesFirst-line supervisors of office and administrative support workersSecurities, commodities, and financial services sales agentsBookkeeping, accounting, and auditing clerksSecretaries and administrative assistantsTellersFinancial analystsGeneral and operations managers
Lateral career moves
Lateral job transitions for financial managers

A lateral career transition is a move to a job with similar pay and responsibilities. A move to such a job can offer a change of pace without an increase in stress or a decrease in pay. The following table simply identifies all 14 jobs which were held by at least 1% of survey respondents before working as financial managers as well as 1% of respondents after working as financial managers. Select a row to investigate the job's full description and determine if it truly offers an opportunity for a lateral transition.

Lateral-move careers for financial managers
Annual openings
How many openings are expected each year?
Salary
Salary distribution for people in this occupation. Range is 0-$200,000.
Median
Middle 50%
Middle 80%
Education
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Gender
Men
Women
Secretaries and administrative assistants
395,200
$0$200K$36K
Customer service representatives
373,800
$0$200K$32K
General and operations managers
210,700
$0$200K$67K
Bookkeeping, accounting, and auditing clerks
188,400
$0$200K$38K
First-line supervisors of office and administrative support workers
153,100
$0$200K$48K
Accountants and auditors
143,000
$0$200K$60K
Managers (specialized areas)
84,000
$0$200K$72K
Tellers
51,500
$0$200K$26K
First-line supervisors of non-retail sales workers
39,600
$0$200K$59K
Securities, commodities, and financial services sales agents
38,800
$0$200K$62K
Credit counselors and loan officers
34,300
$0$200K$54K
Financial analysts
29,200
$0$200K$76K
Personal financial advisors
26,100
$0$200K$72K
Chief executives and legislators
24,000
$0$200K$96K
Full prior and next career listings
Prior and next careers for financial managers: full listings

What do people typically do before and after they work as financial managers? Here are the full lists of all jobs that at least 1% of financial managers surveyed reported as holding a year earlier or later.

Choose which type of transition to view
Prior jobs
Next jobs
Prior careers for financial managers
Annual openings
How many openings are expected each year?
Salary
Salary distribution for people in this occupation. Range is 0-$200,000.
Median
Middle 50%
Middle 80%
Education
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Gender
Men
Women
Percentage Transitioning
What percentage worked in this job the previous year?
Secretaries and administrative assistants
395,200
$0$200K$36K
1.1%
Customer service representatives
373,800
$0$200K$32K
2.0%
General and operations managers
210,700
$0$200K$67K
1.3%
Bookkeeping, accounting, and auditing clerks
188,400
$0$200K$38K
1.8%
First-line supervisors of office and administrative support workers
153,100
$0$200K$48K
2.2%
Accountants and auditors
143,000
$0$200K$60K
7.1%
Managers (specialized areas)
84,000
$0$200K$72K
2.9%
Financial managers
56,900
$0$200K$68K
41.7%
Tellers
51,500
$0$200K$26K
1.1%
First-line supervisors of non-retail sales workers
39,600
$0$200K$59K
1.6%
Securities, commodities, and financial services sales agents
38,800
$0$200K$62K
1.4%
Credit counselors and loan officers
34,300
$0$200K$54K
2.2%
Financial analysts
29,200
$0$200K$76K
1.2%
Personal financial advisors
26,100
$0$200K$72K
2.4%
Chief executives and legislators
24,000
$0$200K$96K
3.4%
No occupation
3.6%
Read about financial managers
Responsibilities and activities
Responsibilities and activities

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash in and out of the company to meet business and investment needs. For example, they must project cash flow to determine whether the company will have a shortage or surplus of cash.

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

Personality and skills
Personality and skills

Can you see yourself in the ranks of financial managers? Here are the skills and traits that could lead to success.

Analytical skills
Financial managers increasingly are assisting executives in making decisions that affect their organization, a task that requires analytical ability.
Communication skills
Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.
Detail oriented
In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.
Math skills
Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.
Organizational skills
Because financial managers deal with a range of information and documents, they must stay organized to do their jobs effectively.
Trends in employment
Salary trends
Distribution and trends: Salaries for financial managers
Choose actual dollars or inflation-adjusted dollars to view
Adjusted for inflation
Historic dollars

In 2018, the median (middle) salary for financial managers was higher than 97% of all other jobs' middle salaries. This graphic shows how the salary distribution (adjusted for inflation) has changed for this job over recent years. The gray line, as a comparison, shows the median salary of all US workers.

This job's median $128KAll jobs' median $39K$108K$38K200420052006200720082009201020112012201320142015201620172018$0$50K$100K$150K$200K$250K

Note: The salaries for financial managers have been top-coded by the BLS; in 2018, all annual salaries larger than $208,000 are recorded as $208,000.

Projected versus actual employment
Exploring actual employment trends versus projected trends

Currently, jobs for financial managers are anticipated to grow by 19% over the next decade; only 7% of jobs are predicted to grow more.

The projected employment for financial managers is the best guess created by talented economists and statisticians at the Bureau of Labor Statistics (BLS). However, as you look through several careers you'll notice that the projections are heavily influenced by past performance and may miss current trends. No one can tell the future, and as new information and better techniques are developed, actual counts and future projections may change. Here's a glimpse at the actual counts versus the projections over time.

20002010202020300200,000400,000600,000800,000
Employment counts
Actual measured employment
BLS 10-year predictions
Variation by state
Employment
State-by-state employment numbers

Some careers tend to be centered in specific parts of the country. For example, most jobs in fashion are in New York or California. Let's see if your dream job is easy to find in your dream location! We have a few choices for viewing the data that can help you get a full employment picture.

Job density versus job count

Which states hire the most financial managers? We wonder if that's a fair question since states come in all sizes, so instead let's start with the question of which states have the highest density of people working as financial managers. You can choose to view the number of jobs per state if you prefer.

BLS vs ACS data

This map defaults to employment information from the Bureau of Labor Statistics (BLS), which provides job totals carefully compiled for accuracy and with a primary focus on how employers describe their workers. The BLS job totals do not count self-employed workers. We've also compiled totals using the Census Bureau's American Community Survey (ACS) which are based on how workers describe themselves. Sometimes ACS results are quite a bit different from the employer-based BLS data.

Choose the metric to review
Jobs per 1000 working
Number of jobs
Use this data source
BLS
Number of Financial Managers per 1,000 workers (BLS)
Select a state to see local area details
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
0.02.04.06.08.010.0
Salary
Salaries by state
Let's get a feel for where financial managers earn the highest salaries. There are several choices for which data we consider and how we view that data, and each can lead to different conclusions, so please read on...
Median salary versus state ratio

We use two methods to compare salaries across states:

  • In-state comparisons: the ratio of median (middle) salaries for financial managers compared to the median salary for all people working in each state, or
  • Median salary: the unaltered median salaries for financial managers.

We hope the ratio allows perspective about how salaries may compare to the regional cost-of-living.

BLS vs ACS data

We have two sources for statewide salary information with important distinctions. The BLS data is created by surveying companies, missing individuals who are self-employed or work for smaller companies. The ACS data is compiled from multi-faceted household surveys and may reflect the inconsistencies that people may have in reporting information.

Choose the metric to review
In-state comparisions
Median salary
Use this data source
BLS
Median salary ratio: Financial Managers to all workers (BLS)
The darkest shading corresponds to states in which financial managers earn the highest salary when compared to other jobs in the state. We think this ratio might be a better indicator than the actual salary for your buying power as a state resident.
Select a state to see local area details
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
0.01.02.03.04.05.0
Compare to similar jobs

If this job interests you, then use the dots below to find other jobs you might like. The dots closer to the top represent jobs that are like Financial managers (shown with a blue star). Look for the dots to the right to find the best salaries! (We pulled salary data from BLS, and they give a top salary value of just over $200K to protect privacy, so our graph would go much higher if the salaries were not top coded.)

How should the career similarity be computed

There are a number of ways to measure the similarity of jobs, here are a few we provide:

  • Interests: Also known as a Holland Code - Are you a thinker? A helper? What fits your personality?
  • Environment: Are there hazards? Will you be comfortable? Will it be stressful?
  • Knowledge: What do you need to know the most about?
  • Physical Abilities: Do you need to especially strong or coordinated?
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