Financial Managers
Financial Managers (SOC 11-3031) earn a median $166,570 a year ($80.08 an hour) in the United States, with 841,710 employed as of May 2025; the highest-paying state is New York.
What financial managers do
Financial managers direct the money-related work of one branch, office, or unit. That can include accounting, investing, banking, insurance, securities, and other financial activities. Typical titles include controller, treasurer, finance director, and branch manager at a bank. Their tasks include overseeing the flow of cash and financial instruments, studying cost data to plan budgets, and directing the staff who carry out the work. They also recruit and oversee training of staff and maintain relationships with business or individual customers, helping them with problems they encounter. Financial managers are different from financial risk specialists, who analyze exposure to credit and market risk and are classified separately, and from accountants and auditors, who prepare and examine records rather than lead a financial unit. They are also distinct from personal financial advisors, who counsel individual clients. The staff they direct may work in branch banks, brokerage firms, risk and insurance departments, or credit departments.
Typical entry: O*NET respondents most often report a bachelor's degree as the typical level of education for this occupation.
Also called: Accountant Supervisor, Accounting Director, Accounting Manager, Accounting Supervisor, Accounts Manager.
National wage percentiles, May 2025
| Area | Basis | Percentile wage | Mean | Employment | ||||
|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||
| United States | Hourly | $45.34 | $60.33 | $80.08 | $105.76 | $155.42 | $89.86 | 841,710 |
| Annual | $94,310 | $125,490 | $166,570 | $219,980 | $323,270 | $186,910 | ||
Employment per 1,000 jobs and the location quotient are area measures; they appear in the state and metro tables below. To see what a wage in this range leaves after tax, use FastCalc's take-home pay calculator.
Where financial managers earn and work most
Five highest-paying states
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New York | Hourly | $59.94 | $80.01 | $105.71 | $157.79 | $178.26 | $118.54 | 80,810 | 8.34 | 1.54 |
| Annual | $124,670 | $166,410 | $219,880 | $328,210 | $370,780 | $246,560 | ||||
| Massachusetts | Hourly | $58.10 | $77.82 | $99.40 | $138.23 | $159.85 | $104.92 | 26,150 | 7.19 | 1.33 |
| Annual | $120,850 | $161,870 | $206,760 | $287,520 | $332,490 | $218,230 | ||||
| New Jersey | Hourly | $62.80 | $78.27 | $95.73 | $134.29 | $162.08 | $104.20 | 32,510 | 7.59 | 1.40 |
| Annual | $130,630 | $162,800 | $199,110 | $279,330 | $337,130 | $216,740 | ||||
| District of Columbia | Hourly | $62.92 | $77.63 | $90.81 | $111.06 | $167.99 | $101.17 | 8,930 | 12.72 | 2.35 |
| Annual | $130,880 | $161,470 | $188,880 | $231,000 | $349,420 | $210,420 | ||||
| Virginia | Hourly | $52.29 | $70.35 | $89.05 | $107.76 | $155.43 | $95.83 | 20,850 | 5.07 | 0.94 |
| Annual | $108,760 | $146,320 | $185,220 | $224,130 | $323,300 | $199,320 | ||||
Five states with the most jobs
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| California | Hourly | $48.95 | $65.40 | $86.91 | $129.80 | $164.27 | $101.20 | 93,310 | 5.12 | 0.95 |
| Annual | $101,820 | $136,030 | $180,770 | $269,990 | $341,670 | $210,490 | ||||
| New York | Hourly | $59.94 | $80.01 | $105.71 | $157.79 | $178.26 | $118.54 | 80,810 | 8.34 | 1.54 |
| Annual | $124,670 | $166,410 | $219,880 | $328,210 | $370,780 | $246,560 | ||||
| Texas | Hourly | $47.23 | $61.29 | $79.26 | $102.92 | $148.70 | $86.62 | 71,870 | 5.11 | 0.94 |
| Annual | $98,250 | $127,480 | $164,860 | $214,070 | $309,290 | $180,170 | ||||
| Illinois | Hourly | $48.11 | $61.72 | $79.75 | $104.23 | $150.53 | $88.42 | 52,720 | 8.65 | 1.60 |
| Annual | $100,070 | $128,370 | $165,880 | $216,800 | $313,110 | $183,920 | ||||
| Florida | Hourly | $38.20 | $50.69 | $73.69 | $99.59 | $146.06 | $81.72 | 48,910 | 4.93 | 0.91 |
| Annual | $79,450 | $105,440 | $153,280 | $207,150 | $303,790 | $169,990 | ||||
Five highest-paying metropolitan areas
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| San Jose-Sunnyvale-Santa Clara, CA | Hourly | $64.43 | $85.05 | $108.31 | $157.61 | $215.19 | $131.58 | 7,970 | 7.02 | 1.30 |
| Annual | $134,010 | $176,900 | $225,280 | $327,840 | $447,580 | $273,690 | ||||
| New York-Newark-Jersey City, NY-NJ | Hourly | $64.40 | $82.14 | $106.26 | $157.68 | $178.45 | $120.47 | 89,960 | 9.48 | 1.75 |
| Annual | $133,940 | $170,860 | $221,010 | $327,970 | $371,170 | $250,570 | ||||
| San Francisco-Oakland-Fremont, CA | Hourly | $59.27 | $80.19 | $103.92 | $151.42 | $171.19 | $117.76 | 17,040 | 7.18 | 1.33 |
| Annual | $123,280 | $166,790 | $216,150 | $314,940 | $356,070 | $244,930 | ||||
| Bridgeport-Stamford-Danbury, CT | Hourly | $45.02 | $67.12 | $101.44 | $148.07 | $173.15 | $108.17 | 7,210 | 17.83 | 3.29 |
| Annual | $93,650 | $139,620 | $211,000 | $307,990 | $360,160 | $225,000 | ||||
| Boston-Cambridge-Newton, MA-NH | Hourly | $60.79 | $79.12 | $100.85 | $140.40 | $161.13 | $106.64 | 21,650 | 8.01 | 1.48 |
| Annual | $126,450 | $164,560 | $209,780 | $292,030 | $335,150 | $221,800 | ||||
Five metropolitan areas with the most jobs
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New York-Newark-Jersey City, NY-NJ | Hourly | $64.40 | $82.14 | $106.26 | $157.68 | $178.45 | $120.47 | 89,960 | 9.48 | 1.75 |
| Annual | $133,940 | $170,860 | $221,010 | $327,970 | $371,170 | $250,570 | ||||
| Chicago-Naperville-Elgin, IL-IN | Hourly | $49.75 | $63.04 | $81.16 | $105.84 | $154.42 | $91.88 | 41,590 | 9.21 | 1.70 |
| Annual | $103,490 | $131,120 | $168,810 | $220,150 | $321,200 | $191,110 | ||||
| Los Angeles-Long Beach-Anaheim, CA | Hourly | $49.21 | $65.43 | $84.28 | $120.88 | $162.35 | $98.39 | 34,480 | 5.50 | 1.02 |
| Annual | $102,360 | $136,100 | $175,310 | $251,430 | $337,680 | $204,650 | ||||
| Dallas-Fort Worth-Arlington, TX | Hourly | $49.73 | $63.61 | $81.35 | $104.89 | $150.54 | $90.05 | 26,600 | 6.57 | 1.21 |
| Annual | $103,440 | $132,320 | $169,200 | $218,170 | $313,130 | $187,310 | ||||
| Washington-Arlington-Alexandria, DC-VA-MD-WV | Hourly | $58.98 | $75.35 | $89.07 | $109.24 | $157.44 | $98.86 | 26,430 | 8.43 | 1.56 |
| Annual | $122,670 | $156,730 | $185,270 | $227,220 | $327,470 | $205,640 | ||||
Top industries employing financial managers
Credit Intermediation and Related Activities (5221 and 5223 only) employ 13.4% of financial managers nationally (113,190 jobs) at a median $132,430 a year ($63.67 an hour), followed by Management of Companies and Enterprises (11.2%) and Securities, Commodity Contracts, and Other Financial Investments and Related Activities (8.4%).
| Industry | Employment | Share of occupation | Median annual | Median hourly |
|---|---|---|---|---|
| Credit Intermediation and Related Activities (5221 and 5223 only) NAICS 5220A1 | 113,190 | 13.4% | $132,430 | $63.67 |
| Management of Companies and Enterprises NAICS 551100 | 94,170 | 11.2% | $172,340 | $82.86 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities NAICS 523000 | 70,400 | 8.4% | $223,860 | $107.63 |
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services NAICS 541200 | 59,650 | 7.1% | $169,420 | $81.45 |
| Insurance Carriers NAICS 524100 | 34,690 | 4.1% | $174,530 | $83.91 |
Share is the industry's employment over the occupation's national employment (841,710). Industries whose employment BLS withheld are not ranked.
Published medians, May 2021 to May 2025
BLS published a median annual wage of $131,710 for financial managers in May 2021 and $166,570 in May 2025, with employment of 681,070 and 841,710.
| Release | Median annual | Median hourly | Employment |
|---|---|---|---|
| May 2021 | $131,710 | $63.32 | 681,070 |
| May 2022 | $139,790 | $67.21 | 740,780 |
| May 2023 | $156,100 | $75.05 | 787,340 |
| May 2024 | $161,700 | $77.74 | 818,620 |
| May 2025 | $166,570 | $80.08 | 841,710 |
BLS does not design OEWS as a time series: each release pools three years of samples, and occupational classifications, area definitions and estimation methods change between releases, so a difference between two releases is not a measure of change over time. The figures are shown as published, side by side, and nothing is computed from them. See how often OEWS is updated.
Every state, by median wage
51 states and DC publish a row for this occupation. A linked state has its own page with the within-state metro table and comparison; the others appear here only.
| Rank | State | Median hourly | Median annual | 10th pct (annual) | 90th pct (annual) | Employment | Jobs per 1,000 | Location quotient |
|---|---|---|---|---|---|---|---|---|
| 1 | New York profile | $105.71 | $219,880 | $124,670 | $370,780 | 80,810 | 8.34 | 1.54 |
| 2 | Massachusetts profile | $99.40 | $206,760 | $120,850 | $332,490 | 26,150 | 7.19 | 1.33 |
| 3 | New Jersey profile | $95.73 | $199,110 | $130,630 | $337,130 | 32,510 | 7.59 | 1.40 |
| 4 | District of Columbia profile | $90.81 | $188,880 | $130,880 | $349,420 | 8,930 | 12.72 | 2.35 |
| 5 | Virginia profile | $89.05 | $185,220 | $108,760 | $323,300 | 20,850 | 5.07 | 0.94 |
| 6 | Colorado profile | $87.83 | $182,690 | $123,900 | $339,290 | 10,640 | 3.70 | 0.68 |
| 7 | Delaware profile | $87.30 | $181,580 | $129,930 | $321,620 | 2,810 | 5.80 | 1.07 |
| 8 | California profile | $86.91 | $180,770 | $101,820 | $341,670 | 93,310 | 5.12 | 0.95 |
| 9 | Washington profile | $84.06 | $174,840 | $115,250 | $318,450 | 12,930 | 3.64 | 0.67 |
| 10 | Connecticut profile | $84.05 | $174,830 | $98,540 | $333,370 | 20,040 | 11.81 | 2.18 |
| 11 | Rhode Island profile | $80.26 | $166,940 | $97,180 | $304,310 | 2,570 | 5.13 | 0.95 |
| 12 | Georgia profile | $80.19 | $166,790 | $94,040 | $315,890 | 21,390 | 4.37 | 0.81 |
| 13 | North Carolina profile | $80.18 | $166,780 | $100,950 | $322,090 | 22,460 | 4.55 | 0.84 |
| 14 | Illinois profile | $79.75 | $165,880 | $100,070 | $313,110 | 52,720 | 8.65 | 1.60 |
| 15 | Texas profile | $79.26 | $164,860 | $98,250 | $309,290 | 71,870 | 5.11 | 0.94 |
| 16 | Minnesota profile | $78.56 | $163,410 | $99,250 | $277,680 | 16,680 | 5.65 | 1.04 |
| 17 | South Dakota profile | $76.78 | $159,700 | $113,930 | $232,240 | 1,000 | 2.18 | 0.40 |
| 18 | Kansas profile | $76.62 | $159,380 | $97,510 | $273,640 | 5,190 | 3.61 | 0.67 |
| 19 | Maryland profile | $76.32 | $158,750 | $84,030 | $290,190 | 19,770 | 7.15 | 1.32 |
| 20 | Oregon profile | $75.22 | $156,460 | $100,890 | $277,820 | 7,610 | 3.87 | 0.71 |
| 21 | Florida profile | $73.69 | $153,280 | $79,450 | $303,790 | 48,910 | 4.93 | 0.91 |
| 22 | Utah profile | $72.33 | $150,450 | $87,550 | $282,980 | 8,860 | 5.11 | 0.94 |
| 23 | Pennsylvania profile | $70.01 | $145,610 | $83,180 | $286,240 | 32,180 | 5.31 | 0.98 |
| 24 | New Hampshire profile | $69.58 | $144,730 | $87,270 | $243,350 | 4,330 | 6.34 | 1.17 |
| 25 | Missouri profile | $68.97 | $143,460 | $86,950 | $273,420 | 13,330 | 4.54 | 0.84 |
| 26 | Tennessee profile | $67.79 | $141,010 | $83,080 | $288,750 | 17,630 | 5.38 | 0.99 |
| 27 | Ohio profile | $67.73 | $140,870 | $82,190 | $273,760 | 27,360 | 4.93 | 0.91 |
| 28 | Alabama profile | $67.55 | $140,500 | $86,340 | $256,750 | 7,200 | 3.41 | 0.63 |
| 29 | Nebraska profile | $67.48 | $140,360 | $89,990 | $227,640 | 5,630 | 5.50 | 1.02 |
| 30 | Arizona profile | $67.23 | $139,830 | $80,690 | $254,840 | 14,900 | 4.60 | 0.85 |
| 31 | Wisconsin profile | $67.17 | $139,720 | $83,100 | $236,620 | 15,530 | 5.28 | 0.98 |
| 32 | Michigan profile | $67.01 | $139,370 | $80,280 | $258,480 | 22,490 | 5.11 | 0.94 |
| 33 | South Carolina profile | $65.46 | $136,160 | $78,930 | $277,850 | 9,020 | 3.91 | 0.72 |
| 34 | North Dakota profile | $65.33 | $135,890 | $87,610 | $229,150 | 2,140 | 4.98 | 0.92 |
| 35 | Indiana profile | $65.31 | $135,840 | $80,610 | $234,710 | 12,560 | 3.93 | 0.73 |
| 36 | Hawaii profile | $64.52 | $134,210 | $79,060 | $220,190 | 3,790 | 6.04 | 1.12 |
| 37 | New Mexico profile | $64.28 | $133,700 | $90,750 | $216,360 | 2,530 | 2.90 | 0.54 |
| 38 | Maine profile | $64.24 | $133,610 | $81,700 | $231,620 | 3,120 | 4.87 | 0.90 |
| 39 | Iowa profile | $64.10 | $133,320 | $80,020 | $225,920 | 9,130 | 5.85 | 1.08 |
| 40 | Nevada profile | $63.70 | $132,490 | $75,240 | $282,460 | 8,090 | 5.22 | 0.96 |
| 41 | Oklahoma profile | $63.68 | $132,460 | $69,910 | $238,250 | 6,670 | 3.91 | 0.72 |
| 42 | Montana profile | $63.01 | $131,060 | $81,430 | $234,370 | 1,510 | 2.96 | 0.55 |
| 43 | Kentucky profile | $62.81 | $130,650 | $82,110 | $223,290 | 6,630 | 3.32 | 0.61 |
| 44 | Vermont profile | $61.87 | $128,690 | $81,230 | $220,750 | 1,790 | 5.88 | 1.09 |
| 45 | Idaho profile | $61.16 | $127,210 | $76,890 | $213,230 | 3,120 | 3.63 | 0.67 |
| 46 | Alaska profile | $61.07 | $127,030 | $85,440 | $205,080 | 2,020 | 6.19 | 1.14 |
| 47 | Louisiana profile | $60.96 | $126,800 | $78,040 | $220,870 | 7,070 | 3.66 | 0.68 |
| 48 | Wyoming profile | $60.06 | $124,910 | $64,140 | $203,230 | 730 | 2.59 | 0.48 |
| 49 | Arkansas profile | $56.05 | $116,570 | $62,780 | $225,010 | 7,120 | 5.47 | 1.01 |
| 50 | West Virginia profile | $54.40 | $113,140 | $73,260 | $199,920 | 2,610 | 3.73 | 0.69 |
| 51 | Mississippi profile | $53.55 | $111,390 | $58,250 | $210,520 | 3,470 | 2.99 | 0.55 |
Part of Management Occupations. Compare any area in the wage explorer.
Source and notes
Data: BLS OEWS May 2025, released 2026-05-15. Cross-industry estimates, all ownerships. BLS page: OEWS 11-3031 Financial Managers.
- Annual wages assume 2,080 hours a year at the hourly rate; occupations BLS publishes on one basis only show an en dash (–) on the other.
- Employment is rounded to the nearest 10 by BLS. Where BLS withholds a cell, nothing is estimated in its place.
- Top industries: nat4d_M2025_dl.xlsx in oesm25in4.zip (BLS OEWS May 2025, national, 4-digit NAICS, cross-ownership). Employment is the industry's rounded total for this occupation; industries whose employment BLS withheld (**) are not ranked.
- Published medians: national_M2021_dl.xlsx to national_M2024_dl.xlsx in oesm21nat.zip to oesm24nat.zip (BLS OEWS May 2021 to May 2024, national, cross-industry, all ownerships) and the May 2025 spine. Each release is shown as published; nothing is computed between them.
Sources
- BLS Standard Occupational Classification 2018, definition of 11-3031, U.S. Bureau of Labor Statistics (public domain).
- O*NET 30.1 Database, 11-3031.00, National Center for O*NET Development, USDOL/ETA (CC BY 4.0).
- OEWS May 2025 national industry-specific estimates, 4-digit NAICS (oesm25in4.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2021 national estimates (oesm21nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2022 national estimates (oesm22nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2023 national estimates (oesm23nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2024 national estimates (oesm24nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2025 national estimates (oesm25nat.zip), the site's data spine, US Bureau of Labor Statistics (public domain).
Includes information from O*NET 30.1 Database by the U.S. Department of Labor, Employment and Training Administration, used under the CC BY 4.0 license.
Description written 2026-10-17 in our own words from the sources above.