Financial Managers Salary in Michigan
Financial Managers in Michigan earn a median annual wage of $139,370 —16.3% below the national median of $166,570. That ranks MI #32 of 51 covered states and territories for this occupation.
Wage distribution
How earnings are spread across workers in this occupation, from the 10th to the 90th percentile.
Employment concentration (0.94×) is close to the national average.
Highest-paying states for financial managers
All 51 states ranked by median annual wage. Michigan is highlighted.
| # | 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 |
Related occupations in Michigan
Occupations in the same job family, compared within Michigan.
| Occupation | Michigan median | U.S. median |
|---|---|---|
| General and Operations Managers | $99,530 | $105,770 |
| Computer and Information Systems Managers | $163,760 | $175,140 |
| Sales Managers | $136,870 | $148,270 |
| Managers, All Other | $134,260 | $141,900 |
| Medical and Health Services Managers | $107,570 | $123,860 |
| Marketing Managers | $138,510 | $166,790 |
Frequently asked questions
How much do financial managers make in Michigan?
The median annual wage for financial managers in Michigan is $139,370, or $67.01 per hour. That is 16.3% below the national median of $166,570.
What is the entry-level financial managers salary in Michigan?
Workers at the 10th percentile earn $80,280 per year ($38.60/hour). The 25th percentile is $105,490.
How many people work as financial managers in Michigan?
About 22,490 people work in this occupation in Michigan, or 5.1 per 1,000 jobs statewide.
Is Michigan a good state for financial managers?
Michigan ranks #32 of 51 states by median wage for this occupation. Employment concentration (0.94x) is close to the national average.
Which state pays financial managers the most?
New York has the highest median wage at $219,880 per year, followed by Massachusetts ($206,760) and New Jersey ($199,110).