Updated August 18, 2021
Average Finance Manager Salary
$105,000 yearly
$50.71 hourly

Entry level Salary
$67,000 yearly
10 %
90 %
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PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$164,000$13,667$79
75th Percentile$133,000$11,083$64
25th Percentile$83,000$6,917$40
10th Percentile$67,000$5,583$32

Average Finance Manager Salary By State

The darker areas on the map show where finance managers earn the highest salaries across all 50 states.

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Average Salary:

Finance Manager average salary by State

StateAvg. salaryHourly rateJob Count
District of Columbia$111,221$53.47481
New Hampshire$90,512$43.52235
New Jersey$118,304$56.881,545
New Mexico$62,997$30.29215
New York$145,724$70.063,329
North Carolina$87,350$42.001,697
North Dakota$68,838$33.10154
Rhode Island$96,099$46.20208
South Carolina$69,284$33.31566
South Dakota$85,968$41.33116
West Virginia$71,484$34.37158

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Highest Paying Cities For Finance Manager

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CityAvg. salaryHourly rate
New York, NY$154,311$74.19
Stamford, CT$121,504$58.42
Jersey City, NJ$120,391$57.88
San Francisco, CA$114,864$55.22
Washington, DC$112,340$54.01
Arlington, VA$110,491$53.12

The largest raises come from changing jobs.

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How much does a Finance Manager make?

  • The average Finance Manager makes $105,468 in the United States.
  • The average hourly pay for a Finance Manager is $50.71.
  • The average entry-level Finance Manager salary is $67,000.
  • Highest paying states for Finance Manager are New York ($145,724), Delaware ($122,431), Connecticut ($145,724) and New Jersey ($145,724).
  • Highest paying cities for Finance Manager are New York, NY ($154,311), Stamford, CT, Jersey City, NJ, San Francisco, CA and Washington, DC.
  • Finance Managers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $67,000 a year, while the top 10% makes $164,000.
  • The best-paid 25% made $133,000 that year, while the lowest-paid 25$ made $83,000
  • Industries with the highest Finance Manager salaries are Finance, Technology and Non Profits.

Average Finance Manager Salary Over Time

Compare salaries for individual cities or states with the national average.

    YearAvg. salaryHourly rate% Change

    How Much Do Finance Managers Make In Different Industries?

    The salary for a Finance Manager can vary depending on what industry the job is in. The highest salaries for Finance Managers tend to be found in Finance, Technology, and Non Profits companies. In fact, Finance Managers can make a yearly salary of $132,689 while working for Finance companies.
    RankIndustryAverage Finance Manager SalaryFinance Manager Salary Range
    3Non Profits
    5Health Care

    High Paying Finance Manager Jobs

    Average JOB Salary by Field

    Director Of Administration & Finance

    Avg. salary: $107,911

    A director of administration finance oversees and directs an organization's administration and finance department, ensuring operations run smoothly and efficiently according to company standards and regulations. It is their duty to set goals and guidelines, lead the research and development efforts, establish procedures, manage the budgets and costs, review and evaluate financial reports, and implement the organizations' policies and standards. Moreover, a director of administration finance leads staff and supervises all operations, solving issues and concerns if any would arise.
    83,986 Director Of Administration & Finance Jobs
    Director Of Operations And Finance

    Avg. salary: $135,504

    A director of operations and finance is in charge of overseeing and spearheading business and financial operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around performing research and analysis to identify the best practices to optimize operations, coordinating with different departments to gather data, conducting research and analysis to identify new business and investment opportunities, and monitoring the progress of various projects and programs. Furthermore, as a director, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
    198,938 Director Of Operations And Finance Jobs
    Manager Finance Planning And Analysis

    Avg. salary: $116,005

    A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.
    98,232 Manager Finance Planning And Analysis Jobs
    Finance Vice President

    Avg. salary: $153,371

    The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.
    105,041 Finance Vice President Jobs
    Manager/Finance Accounting

    Avg. salary: $83,685

    A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
    110,491 Manager/Finance Accounting Jobs
    Cost Accounting Manager

    Avg. salary: $78,260

    A cost accounting manager is responsible for analyzing and evaluating pricing and costing systems of the goods and services of an organization, ensuring its adherence to the internal guidelines and state regulations. Cost accounting managers review business and financial transactions to generate accounting reports for management reference. They also identify business opportunities that would provide revenue resources and profits by monitoring industry trends and public demands. A cost accounting manager must have excellent analytical skills and accounting principles knowledge, especially in resolving account and expense discrepancies.
    50,393 Cost Accounting Manager Jobs
    Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
    Director Of Administration & Finance$107,912$8,993$51.8883,986
    Director Of Operations And Finance$135,504$11,292$65.15198,938
    Manager Finance Planning And Analysis$116,005$9,667$55.7798,232
    Finance Vice President$153,371$12,781$73.74105,041
    Manager/Finance Accounting$83,686$6,974$40.23110,491
    Cost Accounting Manager$78,260$6,522$37.6350,393
    Job Openings

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    Finance Manager Jobs You Might Like

    Which Companies Pay Finance Managers The Most?

    To earn a high income as a Finance Manager, working for Deutsche Bank or Northern Trust might be your best bet, as they are the highest paying companies in this field. In addition, companies like Barclays Capital and Abn Amro report highly competitive wages for Finance Managers.

    How much should you get paid?

    Tell us about yourself to get a free, personalized Zippia Salary Report and suggestions on how to increase your pay.

    Recently Added Finance Manager Salaries

    CompanyJobLocationDate AddedSalary
    Meritage HomesFinance ManagerGreenwood Village, CO12/31/2021$80,000
    University of Wisconsin-ParksideFinancial ManagerKenosha, WI12/30/2021$75,000
    CB Richard EllisFinance Manager-RemoteAlbany, NY12/30/2021$110,000
    University of CaliforniaBudget and Finance ManagerSanta Barbara, CA12/30/2021$55,600
    CBREFinance Manager-RemoteNewark, NJ12/29/2021$110,000
    CBREFinance Manager-RemoteLas Vegas, NV12/29/2021$110,000
    CBREFinance Manager-RemoteSan Juan, PR12/29/2021$110,000
    CBREFinance Manager-RemoteWichita, KS12/29/2021$110,000
    CBREFinance Manager-RemoteOklahoma City, OK12/29/2021$110,000
    CBREFinance Manager-RemoteCharleston, SC12/29/2021$110,000

    Average Finance Manager Salary by Demographic

    Finance Manager Gender Pay Gap

    Male Income
    Female Income
    Median Finance Manager Income by Race
    Asian Finance Managers have the highest average salary compared to other ethnicities. Black or African American Finance Managers have the lowest average salary at $103,204.
    Black or African American
    Hispanic or Latino
    Black or African American$103,204
    Hispanic or Latino$112,314
    Average Finance Manager Salary by Education Level
    Finance Managers with a Masters degree earn more than those without, at $125,733 annually. With a Bachelors degree, Finance Managers earn a median annual income of $105,887 compared to $83,932 for Finance Managers with an Associate degree.
    High School Diploma or Less
    Some College/ Associate Degree
    Bachelor's Degree
    Master's Degree
    High School Diploma or Less$82,568
    Some College/ Associate Degree$83,932
    Bachelor's Degree$105,887
    Master's Degree$125,733

    Finance Manager Salaries FAQs

    Do finance managers make good money?

    Yes, finance managers make good money. In fact, finance managers earn a median salary of $129,890 a year. The top 25% of earners make $181,980 a year, while the bottom 25% make $92,310 a year. This is one reason why working as a finance manager is ranked #3 in best business jobs and #16 in best-paying jobs.

    The biggest factors that impact earning potential for a finance manager include the location of the position and the type of company or industry. For example, if you work as a finance manager in Massachusetts, Hawaii, or Connecticut, expect to earn about $15,000 to $100,000 more than if you work in New Mexico, Florida, Alabama, and North Carolina.

    The highest paying cities for finance managers.

    • New York, New York - $208,770 a year

    • Bridgeport, Connecticut - $203,430 a year

    • San Francisco, California - $182,190 a year

    • San Jose, California - $177,940 a year

    • Washington, District of Columbia - $174,180 a year

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    How much do finance managers earn?

    Finance managers earn around $130,000 a year. However, it can range from as high as $240,000 a year to as low as $64,000 a year. Factors such as location and the type of company can greatly impact earning potential.

    The highest paying states for finance managers.

    • New York - $210,240 a year

    • New Jersey - $177,410 a year

    • District of Columbia - $172,680 a year

    • Delaware - $169,100 a year

    • Connecticut - $167,000 a year

    The lowest paying states for finance managers include.

    • Montana - $67,2000 a year

    • Oregon - $66,240 a year

    • North Dakota - $64,320 a year

    • Nebraska - $62,400 a year

    • Wyoming - $64,340 a year

    Top companies for finance managers

    • White Plains Honda - $250,000 per year

    • Heritage - $203,865 per year

    • Crown Dodge - $171,816 per year

    • Team Toyota - $164,433 per year

    • Nestle USA - $164,142 per year

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    What is the beginning salary for a financial manager?

    The beginning salary for a finance manager is $51,712 a year. However, this can range from as low as $21,500 a year to as high as $115,000 a year. The most influential factors impacting how much a finance manager can earn are related to the location of the position and the type of company or industry.

    Top paying cities for entry-level positions for a finance manager.

    • New York City, NY - $61,407 a year ( $29.52 an hour)

    • San Mateo, CA - $60,175 a year ($28.93 an hour)

    • Juneau, AK - $58,537 a year ($28.14 an hour)

    • Boston, MA - $58,498 a year ($28.12 an hour)

    • Berkeley, CA - $57,878 a year ($27.83 an hour)

    • Santa Monica, CA - $57,797 a year ($27.79 an hour)

    • Daly City, CA - $57,715 a year ($27.75 an hour)

    • Quincy, MA - $57,649 a year ($27.72 an hour)

    • Renton, WA - $57,548 a year ($27.67 an hour)

    • Minneapolis, MN - $56,783 a year ($27.30 an hour)

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