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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2020

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. Excludes "Financial Risk Specialists" (13-2054).

National estimates for Financial Managers
Industry profile for Financial Managers
Geographic profile for Financial Managers

National estimates for Financial Managers:

Employment estimate and mean wage estimates for Financial Managers:

Employment (1) Employment
RSE (3) 		Mean hourly
wage		 Mean annual
wage (2) 		Wage RSE (3)
653,080 0.5 % $ 72.84 $ 151,510 0.3 %

Percentile wage estimates for Financial Managers:

Percentile 10% 25% 50%
(Median) 		75% 90%
Hourly Wage $ 34.05 $ 46.04 $ 64.51 $ 89.44 (5)
Annual Wage (2) $ 70,830 $ 95,770 $ 134,180 $ 186,030 (5)

Industry profile for Financial Managers:

Industries with the highest published employment and wages for Financial Managers are provided. For a list of all industries with employment in Financial Managers, see the Create Customized Tables function.

Industries with the highest levels of employment in Financial Managers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Credit Intermediation and Related Activities (5221 and 5223 only) 98,570 4.86 $ 59.64 $ 124,040
Management of Companies and Enterprises 74,260 3.07 $ 79.56 $ 165,480
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 42,750 4.36 $ 84.23 $ 175,200
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 41,920 4.45 $ 99.06 $ 206,050
Insurance Carriers 26,990 2.24 $ 82.14 $ 170,850

Industries with the highest concentration of employment in Financial Managers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Investment Pools and Funds 680 6.32 $ 82.55 $ 171,710
Credit Intermediation and Related Activities (5221 and 5223 only) 98,570 4.86 $ 59.64 $ 124,040
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 41,920 4.45 $ 99.06 $ 206,050
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 42,750 4.36 $ 84.23 $ 175,200
Insurance and Employee Benefit Funds 270 3.93 $ 73.64 $ 153,170

Top paying industries for Financial Managers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 41,920 4.45 $ 99.06 $ 206,050
Other Information Services 3,130 0.90 $ 98.27 $ 204,410
Monetary Authorities-Central Bank 630 3.21 $ 96.53 $ 200,780
Cable and Other Subscription Programming 310 0.61 $ 94.48 $ 196,520
Computer and Peripheral Equipment Manufacturing 990 0.62 $ 93.91 $ 195,340

Geographic profile for Financial Managers:

States and areas with the highest published employment, location quotients, and wages for Financial Managers are provided. For a list of all areas with employment in Financial Managers, see the Create Customized Tables function.





States with the highest employment level in Financial Managers:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 92,670 5.64 1.20 $ 78.20 $ 162,650
Texas 46,340 3.83 0.82 $ 71.57 $ 148,860
New York 45,390 5.22 1.11 $ 103.67 $ 215,640
Illinois 41,460 7.37 1.57 $ 71.45 $ 148,620
Massachusetts 33,320 9.95 2.12 $ 76.44 $ 158,990




States with the highest concentration of jobs and location quotients in Financial Managers:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 17,700 11.49 2.45 $ 81.97 $ 170,500
District of Columbia 7,060 10.27 2.19 $ 85.54 $ 177,920
Massachusetts 33,320 9.95 2.12 $ 76.44 $ 158,990
Illinois 41,460 7.37 1.57 $ 71.45 $ 148,620
New Hampshire 3,920 6.33 1.35 $ 63.67 $ 132,420




Top paying states for Financial Managers:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 45,390 5.22 1.11 $ 103.67 $ 215,640
New Jersey 22,900 6.05 1.29 $ 88.52 $ 184,130
District of Columbia 7,060 10.27 2.19 $ 85.54 $ 177,920
Delaware 2,310 5.42 1.16 $ 84.92 $ 176,630
Colorado 7,450 2.89 0.62 $ 82.89 $ 172,400





Metropolitan areas with the highest employment level in Financial Managers:

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 56,680 6.42 1.37 $ 103.21 $ 214,670
Los Angeles-Long Beach-Anaheim, CA 35,700 6.13 1.31 $ 76.00 $ 158,070
Chicago-Naperville-Elgin, IL-IN-WI 34,420 7.89 1.68 $ 75.24 $ 156,490
Boston-Cambridge-Nashua, MA-NH 29,200 11.22 2.39 $ 79.09 $ 164,500
Washington-Arlington-Alexandria, DC-VA-MD-WV 21,120 6.99 1.49 $ 85.16 $ 177,140
San Francisco-Oakland-Hayward, CA 19,310 8.29 1.76 $ 92.01 $ 191,380
Dallas-Fort Worth-Arlington, TX 16,410 4.57 0.97 $ 77.10 $ 160,380
Atlanta-Sandy Springs-Roswell, GA 14,100 5.36 1.14 $ 72.80 $ 151,410
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 13,700 5.08 1.08 $ 82.22 $ 171,030
Houston-The Woodlands-Sugar Land, TX 13,020 4.39 0.93 $ 74.03 $ 153,990




Metropolitan areas with the highest concentration of jobs and location quotients in Financial Managers:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bridgeport-Stamford-Norwalk, CT 6,560 17.41 3.71 $ 101.05 $ 210,180
Hartford-West Hartford-East Hartford, CT 7,440 13.53 2.88 $ 73.73 $ 153,350
Boston-Cambridge-Nashua, MA-NH 29,200 11.22 2.39 $ 79.09 $ 164,500
Des Moines-West Des Moines, IA 3,410 9.63 2.05 $ 66.80 $ 138,940
Pittsfield, MA 310 8.58 1.83 $ 48.04 $ 99,930
Trenton, NJ 1,930 8.36 1.78 $ 81.88 $ 170,310
San Francisco-Oakland-Hayward, CA 19,310 8.29 1.76 $ 92.01 $ 191,380
Bloomington, IL 680 8.19 1.74 $ 55.64 $ 115,720
San Jose-Sunnyvale-Santa Clara, CA 8,790 7.97 1.70 $ 92.45 $ 192,310
Chicago-Naperville-Elgin, IL-IN-WI 34,420 7.89 1.68 $ 75.24 $ 156,490