How Much Do Financial Managers Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary financial managers make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for financial managers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of financial managers are offering as compensation.
Keep reading to learn more about how much financial managers can expect to make in the United States.
At a Glance: Salary & Jobs for Financial Managers
According to data from 2022, there were about 774,302 positions for financial managers in the United States. In terms of salary, the national median salary for financial managers was reported to be $139,797. Additionally, when examining job demand, employers across the country posted 266,368 job postings related to positions for financial managers.
How Much Money Do Financial Managers Make?
Median salary is just one data point. To build a better understanding of how much money financial managers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for financial managers.
Annual Salary for Financial Managers
According to the BLS, the lowest earners for financial managers and related professions earned about $79,040 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $259,149 annually.
As mentioned previously, the median salary for financial managers in the United States in 2022 was $139,797.
Annual Salary Range For Financial Managers In 2022
Hourly Salary for Financial Managers
The BLS also breaks down compensation for financial managers by hourly salary, and the median average hourly pay for financial managers in 2022 was $67. Lowest hourly earners took home $38 while the highest reported hourly salaries for financial managers was $125.
Hourly Salary Range For Financial Managers In 2022
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Advertised Compensation for Financial Managers
Data from the BLS is one way to dig into compensation for financial managers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for financial managers.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Financial Managers
Advertised Annual Salary
During a review of 409,008 job postings related to financial managers, advertised salary was included in 94,915 of them, which was 23%. Based on those postings, the median advertised salary for financial managers was $117,632 per year.
Hourly Salary from Job Postings for Financial Managers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for financial managers. Based on 36% of postings with advertised compensation, the median hourly salary for open positions for financial managers in the United States is about $57.
Salary Trend for Financial Managers
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for financial managers. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for financial managers dating back to September 2019, advertised salaries for financial managers have increased 12%.
Advertised Wage Trend For Financial Managers
What's the Job Growth for Financial Managers?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for financial managers over the next 10 years.
According to the data obtained through Lightcast,™ there were 774,957 jobs for financial managers in the United States in 2022. By 2032, it is expected that about 169,104 jobs will be added. That's a 21.8% increase over the next 10-year period.
Employment Projections For Financial Managers
Additional Links
Ready to dig deeper into career information about financial managers? Visit our other pages focused on salary and education for financial managers.
What do financial managers do?
Financial Managers: How do you become one?
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