Occupational Employment and Wages, May 2019

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).

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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)
654,790	0.6 %	$70.93	$147,530	0.3 %

Percentile wage estimates for this occupation:

Percentile	10%	25%	50% (Median)	75%	90%
Hourly Wage	$32.87	$44.38	$62.45	$87.49	(5)
Annual Wage (2)	$68,370	$92,310	$129,890	$181,980	(5)

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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)	98,900	4.84	$57.99	$120,620
Management of Companies and Enterprises	74,980	3.04	$77.58	$161,360
Accounting, Tax Preparation, Bookkeeping, and Payroll Services	41,910	4.28	$84.97	$176,730
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	40,700	4.33	$97.01	$201,790
Insurance Carriers	26,910	2.25	$78.65	$163,600

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	650	6.77	$87.37	$181,740
Credit Intermediation and Related Activities (5221 And 5223 only)	98,900	4.84	$57.99	$120,620
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	40,700	4.33	$97.01	$201,790
Accounting, Tax Preparation, Bookkeeping, and Payroll Services	41,910	4.28	$84.97	$176,730
Monetary Authorities-Central Bank	670	3.53	$93.91	$195,340

Top paying industries for this occupation:

Industry	Employment (1)	Percent of industry employment	Hourly mean wage	Annual mean wage (2)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	40,700	4.33	$97.01	$201,790
Motion Picture and Video Industries	1,630	0.38	$95.40	$198,430
Cable and Other Subscription Programming	310	0.58	$93.96	$195,440
Monetary Authorities-Central Bank	670	3.53	$93.91	$195,340
Other Information Services	2,770	0.85	$92.89	$193,220

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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	92,060	5.30	1.19	$75.24	$156,500
Texas	46,710	3.76	0.84	$70.05	$145,700
New York	46,100	4.84	1.09	$101.08	$210,240
Illinois	41,900	6.95	1.56	$70.36	$146,350
Massachusetts	33,520	9.26	2.08	$73.87	$153,650

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)
Connecticut	17,790	10.69	2.40	$80.29	$167,000
District of Columbia	7,200	9.94	2.23	$83.02	$172,680
Massachusetts	33,520	9.26	2.08	$73.87	$153,650
Illinois	41,900	6.95	1.56	$70.36	$146,350
New Hampshire	3,890	5.89	1.32	$62.23	$129,440

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	46,100	4.84	1.09	$101.08	$210,240
New Jersey	22,000	5.38	1.21	$85.29	$177,410
District of Columbia	7,200	9.94	2.23	$83.02	$172,680
Delaware	2,290	5.07	1.14	$81.30	$169,100
Connecticut	17,790	10.69	2.40	$80.29	$167,000

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	56,290	5.83	1.31	$100.37	$208,770
Los Angeles-Long Beach-Anaheim, CA	36,120	5.79	1.30	$74.75	$155,470
Chicago-Naperville-Elgin, IL-IN-WI	34,540	7.39	1.66	$73.96	$153,840
Boston-Cambridge-Nashua, MA-NH	29,150	10.42	2.34	$76.41	$158,940
Washington-Arlington-Alexandria, DC-VA-MD-WV	21,290	6.70	1.50	$83.74	$174,180
San Francisco-Oakland-Hayward, CA	18,640	7.54	1.69	$87.59	$182,190
Atlanta-Sandy Springs-Roswell, GA	14,410	5.25	1.18	$73.82	$153,540
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	13,410	4.66	1.05	$80.70	$167,850
Minneapolis-St. Paul-Bloomington, MN-WI	12,820	6.50	1.46	$69.26	$144,060
Houston-The Woodlands-Sugar Land, TX	12,700	4.16	0.93	$72.10	$149,970