Financial Managers Salary in the United States
The median annual wage for financial managers is $166,570, or $80.08 per hour. About 841,710 people work in this occupation nationwide. Wages vary substantially by state — from $219,880 in New York to $111,390 in Mississippi.
Wage distribution nationwide
Earnings spread across all U.S. workers in this occupation.
Salary by state
All 51 states with published data, ranked by median annual wage.
| # | State | Median annual | Median hourly | Employment | Location quotient |
|---|---|---|---|---|---|
| 1 | New York | $219,880 | $105.71 | 80,810 | 1.54 |
| 2 | Massachusetts | $206,760 | $99.40 | 26,150 | 1.33 |
| 3 | New Jersey | $199,110 | $95.73 | 32,510 | 1.40 |
| 4 | District of Columbia | $188,880 | $90.81 | 8,930 | 2.35 |
| 5 | Virginia | $185,220 | $89.05 | 20,850 | 0.94 |
| 6 | Colorado | $182,690 | $87.83 | 10,640 | 0.68 |
| 7 | Delaware | $181,580 | $87.30 | 2,810 | 1.07 |
| 8 | California | $180,770 | $86.91 | 93,310 | 0.95 |
| 9 | Washington | $174,840 | $84.06 | 12,930 | 0.67 |
| 10 | Connecticut | $174,830 | $84.05 | 20,040 | 2.18 |
| 11 | Rhode Island | $166,940 | $80.26 | 2,570 | 0.95 |
| 12 | Georgia | $166,790 | $80.19 | 21,390 | 0.81 |
| 13 | North Carolina | $166,780 | $80.18 | 22,460 | 0.84 |
| 14 | Illinois | $165,880 | $79.75 | 52,720 | 1.60 |
| 15 | Texas | $164,860 | $79.26 | 71,870 | 0.94 |
| 16 | Minnesota | $163,410 | $78.56 | 16,680 | 1.04 |
| 17 | South Dakota | $159,700 | $76.78 | 1,000 | 0.40 |
| 18 | Kansas | $159,380 | $76.62 | 5,190 | 0.67 |
| 19 | Maryland | $158,750 | $76.32 | 19,770 | 1.32 |
| 20 | Oregon | $156,460 | $75.22 | 7,610 | 0.71 |
| 21 | Florida | $153,280 | $73.69 | 48,910 | 0.91 |
| 22 | Utah | $150,450 | $72.33 | 8,860 | 0.94 |
| 23 | Pennsylvania | $145,610 | $70.01 | 32,180 | 0.98 |
| 24 | New Hampshire | $144,730 | $69.58 | 4,330 | 1.17 |
| 25 | Missouri | $143,460 | $68.97 | 13,330 | 0.84 |
| 26 | Tennessee | $141,010 | $67.79 | 17,630 | 0.99 |
| 27 | Ohio | $140,870 | $67.73 | 27,360 | 0.91 |
| 28 | Alabama | $140,500 | $67.55 | 7,200 | 0.63 |
| 29 | Nebraska | $140,360 | $67.48 | 5,630 | 1.02 |
| 30 | Arizona | $139,830 | $67.23 | 14,900 | 0.85 |
| 31 | Wisconsin | $139,720 | $67.17 | 15,530 | 0.98 |
| 32 | Michigan | $139,370 | $67.01 | 22,490 | 0.94 |
| 33 | South Carolina | $136,160 | $65.46 | 9,020 | 0.72 |
| 34 | North Dakota | $135,890 | $65.33 | 2,140 | 0.92 |
| 35 | Indiana | $135,840 | $65.31 | 12,560 | 0.73 |
| 36 | Hawaii | $134,210 | $64.52 | 3,790 | 1.12 |
| 37 | New Mexico | $133,700 | $64.28 | 2,530 | 0.54 |
| 38 | Maine | $133,610 | $64.24 | 3,120 | 0.90 |
| 39 | Iowa | $133,320 | $64.10 | 9,130 | 1.08 |
| 40 | Nevada | $132,490 | $63.70 | 8,090 | 0.96 |
| 41 | Oklahoma | $132,460 | $63.68 | 6,670 | 0.72 |
| 42 | Montana | $131,060 | $63.01 | 1,510 | 0.55 |
| 43 | Kentucky | $130,650 | $62.81 | 6,630 | 0.61 |
| 44 | Vermont | $128,690 | $61.87 | 1,790 | 1.09 |
| 45 | Idaho | $127,210 | $61.16 | 3,120 | 0.67 |
| 46 | Alaska | $127,030 | $61.07 | 2,020 | 1.14 |
| 47 | Louisiana | $126,800 | $60.96 | 7,070 | 0.68 |
| 48 | Wyoming | $124,910 | $60.06 | 730 | 0.48 |
| 49 | Arkansas | $116,570 | $56.05 | 7,120 | 1.01 |
| 50 | West Virginia | $113,140 | $54.40 | 2,610 | 0.69 |
| 51 | Mississippi | $111,390 | $53.55 | 3,470 | 0.55 |
Related occupations
Same job family, ranked by national employment.
Frequently asked questions
How much do financial managers make?
The median annual wage for financial managers in the United States is $166,570, or $80.08 per hour. Entry-level workers (10th percentile) earn $94,310, and the top 10% earn $323,270.
How many financial managers are employed in the U.S.?
About 841,710 people work as financial managers nationwide.
Which state pays financial managers the most?
New York pays the most at a median of $219,880, followed by Massachusetts ($206,760) and New Jersey ($199,110).
Which state pays financial managers the least?
Mississippi has the lowest median at $111,390.
Where are financial managers jobs most concentrated?
The location quotient measures employment concentration relative to the national average. The highest is District of Columbia at 2.35×.