• Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2023

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 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)
787,340	1.0 %	$ 84.05	$ 174,820	0.5 %

Percentile wage estimates for Financial Managers:

Percentile	10%	25%	50% (Median)	75%	90%
Hourly Wage	$ 39.84	$ 52.98	$ 75.05	$ 101.36	(5)
Annual Wage (2)	$ 82,870	$ 110,190	$ 156,100	$ 210,830	(5)

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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)	106,250	5.21	$ 69.17	$ 143,870
Management of Companies and Enterprises	91,150	3.29	$ 91.59	$ 190,520
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	60,080	5.65	$ 119.84	$ 249,260
Accounting, Tax Preparation, Bookkeeping, and Payroll Services	47,830	4.35	$ 90.99	$ 189,250
Insurance Carriers	33,440	2.73	$ 87.18	$ 181,340

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	1,170	6.28	$ 112.04	$ 233,050
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	60,080	5.65	$ 119.84	$ 249,260
Credit Intermediation and Related Activities (5221 and 5223 only)	106,250	5.21	$ 69.17	$ 143,870
Monetary Authorities-Central Bank	970	4.47	$ 98.85	$ 205,600
Nondepository Credit Intermediation	24,160	4.39	$ 84.91	$ 176,610

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	60,080	5.65	$ 119.84	$ 249,260
Motion Picture and Video Industries	2,680	0.66	$ 116.98	$ 243,310
Pipeline Transportation of Natural Gas	220	0.66	$ 112.13	$ 233,230
Other Investment Pools and Funds	1,170	6.28	$ 112.04	$ 233,050
Water, Sewage and Other Systems	260	0.44	$ 111.85	$ 232,660

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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	97,400	5.43	1.05	$ 94.55	$ 196,670
Texas	63,800	4.71	0.91	$ 82.20	$ 170,970
New York	62,800	6.69	1.29	$ 115.94	$ 241,150
Illinois	48,810	8.12	1.57	$ 83.28	$ 173,210
Florida	42,740	4.47	0.86	$ 77.97	$ 162,180

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	19,440	11.71	2.26	$ 85.74	$ 178,340
District of Columbia	7,570	10.79	2.08	$ 91.65	$ 190,630
Massachusetts	31,370	8.61	1.66	$ 92.33	$ 192,040
New Jersey	34,530	8.22	1.58	$ 100.18	$ 208,370
Illinois	48,810	8.12	1.57	$ 83.28	$ 173,210

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	62,800	6.69	1.29	$ 115.94	$ 241,150
New Jersey	34,530	8.22	1.58	$ 100.18	$ 208,370
California	97,400	5.43	1.05	$ 94.55	$ 196,670
Delaware	2,670	5.69	1.10	$ 94.17	$ 195,880
Massachusetts	31,370	8.61	1.66	$ 92.33	$ 192,040

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	76,600	8.07	1.56	$ 116.39	$ 242,100
Chicago-Naperville-Elgin, IL-IN-WI	39,420	8.75	1.69	$ 87.01	$ 180,980
Los Angeles-Long Beach-Anaheim, CA	34,810	5.63	1.09	$ 93.07	$ 193,580
Boston-Cambridge-Nashua, MA-NH	27,030	9.79	1.89	$ 94.75	$ 197,080
Dallas-Fort Worth-Arlington, TX	23,520	5.93	1.14	$ 84.02	$ 174,770
Washington-Arlington-Alexandria, DC-VA-MD-WV	23,050	7.45	1.44	$ 91.85	$ 191,040
San Francisco-Oakland-Hayward, CA	19,760	8.16	1.57	$ 107.66	$ 223,930
Atlanta-Sandy Springs-Roswell, GA	16,180	5.74	1.11	$ 91.35	$ 190,000
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	16,110	5.69	1.10	$ 85.22	$ 177,250
Houston-The Woodlands-Sugar Land, TX	15,470	4.87	0.94	$ 89.32	$ 185,790

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	6,910	17.22	3.32	$ 96.69	$ 201,100
Hartford-West Hartford-East Hartford, CT	7,040	12.49	2.41	$ 82.34	$ 171,260
Des Moines-West Des Moines, IA	4,160	10.84	2.09	$ 73.62	$ 153,140
Trenton, NJ	2,470	10.35	2.00	$ 94.12	$ 195,760
Boston-Cambridge-Nashua, MA-NH	27,030	9.79	1.89	$ 94.75	$ 197,080
Danbury, CT	680	8.81	1.70	$ 76.08	$ 158,240
Chicago-Naperville-Elgin, IL-IN-WI	39,420	8.75	1.69	$ 87.01	$ 180,980
San Francisco-Oakland-Hayward, CA	19,760	8.16	1.57	$ 107.66	$ 223,930
Dubuque, IA	470	8.08	1.56	$ 58.48	$ 121,630
New York-Newark-Jersey City, NY-NJ-PA	76,600	8.07	1.56	$ 116.39	$ 242,100