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Occupational Employment and Wages, May 2021
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) |
681,070 |
0.6 % |
$ 73.78 |
$ 153,460 |
0.3 % |
Percentile wage estimates for Financial Managers:
Percentile |
10% |
25% |
50% (Median) |
75% |
90% |
Hourly Wage |
$ 37.04 |
$ 47.89 |
$ 63.32 |
$ 92.24 |
(5) |
Annual Wage (2) |
$ 77,040 |
$ 99,620 |
$ 131,710 |
$ 191,860 |
(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) |
92,880 |
4.64 |
$ 61.90 |
$ 128,740 |
Management of Companies and Enterprises |
80,160 |
3.16 |
$ 80.05 |
$ 166,510 |
Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
48,510 |
4.84 |
$ 78.97 |
$ 164,260 |
Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
43,140 |
4.50 |
$ 98.64 |
$ 205,170 |
Insurance Carriers |
27,880 |
2.32 |
$ 81.86 |
$ 170,260 |
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 |
780 |
6.14 |
$ 94.45 |
$ 196,450 |
Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
48,510 |
4.84 |
$ 78.97 |
$ 164,260 |
Credit Intermediation and Related Activities (5221 and 5223 only) |
92,880 |
4.64 |
$ 61.90 |
$ 128,740 |
Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
43,140 |
4.50 |
$ 98.64 |
$ 205,170 |
Nondepository Credit Intermediation |
22,950 |
3.69 |
$ 73.38 |
$ 152,630 |
Top paying industries for Financial Managers:
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 |
99,790 |
6.04 |
1.25 |
$ 79.91 |
$ 166,220 |
New York |
49,010 |
5.65 |
1.17 |
$ 99.52 |
$ 206,990 |
Texas |
48,790 |
3.99 |
0.83 |
$ 74.15 |
$ 154,240 |
Illinois |
40,690 |
7.24 |
1.50 |
$ 68.90 |
$ 143,300 |
Florida |
34,830 |
4.05 |
0.84 |
$ 66.29 |
$ 137,890 |
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 |
19,340 |
12.29 |
2.54 |
$ 78.02 |
$ 162,270 |
District of Columbia |
7,820 |
11.81 |
2.44 |
$ 83.76 |
$ 174,220 |
Massachusetts |
30,480 |
8.98 |
1.86 |
$ 77.51 |
$ 161,230 |
Illinois |
40,690 |
7.24 |
1.50 |
$ 68.90 |
$ 143,300 |
New Jersey |
26,570 |
6.90 |
1.43 |
$ 89.85 |
$ 186,890 |
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 |
49,010 |
5.65 |
1.17 |
$ 99.52 |
$ 206,990 |
Delaware |
2,400 |
5.51 |
1.14 |
$ 91.84 |
$ 191,020 |
New Jersey |
26,570 |
6.90 |
1.43 |
$ 89.85 |
$ 186,890 |
Colorado |
8,510 |
3.24 |
0.67 |
$ 84.08 |
$ 174,890 |
District of Columbia |
7,820 |
11.81 |
2.44 |
$ 83.76 |
$ 174,220 |
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 |
60,600 |
6.98 |
1.44 |
$ 100.53 |
$ 209,100 |
Los Angeles-Long Beach-Anaheim, CA |
37,650 |
6.58 |
1.36 |
$ 77.35 |
$ 160,890 |
Chicago-Naperville-Elgin, IL-IN-WI |
32,150 |
7.60 |
1.57 |
$ 72.09 |
$ 149,950 |
Boston-Cambridge-Nashua, MA-NH |
25,760 |
9.96 |
2.06 |
$ 80.24 |
$ 166,890 |
Washington-Arlington-Alexandria, DC-VA-MD-WV |
21,190 |
7.23 |
1.49 |
$ 83.20 |
$ 173,050 |
San Francisco-Oakland-Hayward, CA |
20,350 |
9.08 |
1.88 |
$ 90.82 |
$ 188,900 |
Dallas-Fort Worth-Arlington, TX |
17,390 |
4.84 |
1.00 |
$ 77.64 |
$ 161,500 |
Atlanta-Sandy Springs-Roswell, GA |
15,170 |
5.86 |
1.21 |
$ 74.05 |
$ 154,030 |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
13,580 |
5.12 |
1.06 |
$ 81.57 |
$ 169,660 |
Houston-The Woodlands-Sugar Land, TX |
12,050 |
4.16 |
0.86 |
$ 77.65 |
$ 161,510 |
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 |
17.48 |
3.62 |
$ 89.00 |
$ 185,130 |
Hartford-West Hartford-East Hartford, CT |
7,460 |
13.71 |
2.84 |
$ 75.79 |
$ 157,650 |
Des Moines-West Des Moines, IA |
3,800 |
10.63 |
2.20 |
$ 67.56 |
$ 140,530 |
Boston-Cambridge-Nashua, MA-NH |
25,760 |
9.96 |
2.06 |
$ 80.24 |
$ 166,890 |
Dubuque, IA |
520 |
9.19 |
1.90 |
$ 57.83 |
$ 120,290 |
San Francisco-Oakland-Hayward, CA |
20,350 |
9.08 |
1.88 |
$ 90.82 |
$ 188,900 |
San Jose-Sunnyvale-Santa Clara, CA |
9,590 |
8.97 |
1.86 |
$ 96.79 |
$ 201,330 |
Danbury, CT |
610 |
8.42 |
1.74 |
$ 66.50 |
$ 138,330 |
New Haven, CT |
2,270 |
8.25 |
1.71 |
$ 68.81 |
$ 143,110 |
Trenton, NJ |
1,830 |
8.04 |
1.66 |
$ 86.25 |
$ 179,400 |
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