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Occupational Employment and Wages, May 2018
11-3031 Financial Managers
Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation
National estimates for this occupation: Top
Employment estimate and mean wage estimates for this occupation:
| Employment (1) |
Employment
RSE (3) |
Mean hourly
wage |
Mean annual
wage (2) |
Wage RSE (3) |
| 608,120 |
0.6 % |
$70.59 |
$146,830 |
0.4 % |
Percentile wage estimates for this occupation:
| Percentile |
10% |
25% |
50%
(Median) |
75% |
90% |
| Hourly Wage |
$32.51 |
$43.95 |
$61.53 |
$85.98 |
(5) |
| Annual Wage (2) |
$67,620 |
$91,420 |
$127,990 |
$178,840 |
(5) |
Industry profile for this occupation: Top
Industries with the highest published employment and wages for this occupation are provided.
For a list of all industries with employment in this occupation, see the Create Customized Tables function.
Industries with the highest levels of employment in this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Credit Intermediation and Related Activities (5221 And 5223 only) |
89,330 |
4.45 |
$57.13 |
$118,820 |
| Management of Companies and Enterprises |
69,930 |
2.95 |
$77.59 |
$161,400 |
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
39,510 |
4.12 |
$84.60 |
$175,960 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
36,530 |
3.92 |
$100.56 |
$209,160 |
| Insurance Carriers |
27,010 |
2.31 |
$75.64 |
$157,330 |
Industries with the highest concentration of employment in this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Other Investment Pools and Funds |
450 |
5.25 |
$94.42 |
$196,390 |
| Credit Intermediation and Related Activities (5221 And 5223 only) |
89,330 |
4.45 |
$57.13 |
$118,820 |
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
39,510 |
4.12 |
$84.60 |
$175,960 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
36,530 |
3.92 |
$100.56 |
$209,160 |
| Monetary Authorities-Central Bank |
600 |
3.23 |
$94.72 |
$197,010 |
Top paying industries for this occupation:
Geographic profile for this occupation: Top
States and areas with the highest published employment, location quotients, and wages for this occupation are provided.
For a list of all areas with employment in this occupation, see the Create Customized Tables function.
States with the highest employment level in this occupation:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| California |
81,350 |
4.78 |
1.14 |
$75.71 |
$157,480 |
| New York |
42,460 |
4.52 |
1.08 |
$101.21 |
$210,510 |
| Illinois |
40,040 |
6.68 |
1.59 |
$69.56 |
$144,680 |
| Texas |
39,580 |
3.27 |
0.78 |
$72.11 |
$149,990 |
| Massachusetts |
33,880 |
9.49 |
2.26 |
$71.30 |
$148,300 |
States with the highest concentration of jobs and location quotients in this occupation:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| District of Columbia |
6,900 |
9.69 |
2.31 |
$80.15 |
$166,710 |
| Massachusetts |
33,880 |
9.49 |
2.26 |
$71.30 |
$148,300 |
| Connecticut |
15,750 |
9.49 |
2.26 |
$80.37 |
$167,160 |
| Illinois |
40,040 |
6.68 |
1.59 |
$69.56 |
$144,680 |
| Iowa |
8,630 |
5.59 |
1.33 |
$55.11 |
$114,620 |
Top paying States for this occupation:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York |
42,460 |
4.52 |
1.08 |
$101.21 |
$210,510 |
| New Jersey |
21,340 |
5.27 |
1.25 |
$84.56 |
$175,880 |
| Connecticut |
15,750 |
9.49 |
2.26 |
$80.37 |
$167,160 |
| Delaware |
1,940 |
4.33 |
1.03 |
$80.34 |
$167,110 |
| District of Columbia |
6,900 |
9.69 |
2.31 |
$80.15 |
$166,710 |
Metropolitan areas with the highest employment level in this occupation:
| Metropolitan area |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York-Newark-Jersey City, NY-NJ-PA |
52,350 |
5.51 |
1.31 |
$100.32 |
$208,670 |
| Chicago-Naperville-Elgin, IL-IN-WI |
32,640 |
7.03 |
1.67 |
$73.01 |
$151,860 |
| Los Angeles-Long Beach-Anaheim, CA |
32,160 |
5.26 |
1.25 |
$75.90 |
$157,860 |
| Boston-Cambridge-Nashua, MA-NH |
29,480 |
10.69 |
2.54 |
$73.79 |
$153,480 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV |
20,650 |
6.59 |
1.57 |
$82.22 |
$171,010 |
| San Francisco-Oakland-Hayward, CA |
16,320 |
6.75 |
1.61 |
$88.63 |
$184,350 |
| Atlanta-Sandy Springs-Roswell, GA |
13,960 |
5.20 |
1.24 |
$74.02 |
$153,960 |
| Minneapolis-St. Paul-Bloomington, MN-WI |
12,450 |
6.37 |
1.51 |
$67.83 |
$141,090 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
11,930 |
4.19 |
1.00 |
$80.30 |
$167,020 |
| Houston-The Woodlands-Sugar Land, TX |
11,350 |
3.80 |
0.91 |
$75.52 |
$157,090 |
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