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Occupational Employment and Wage Statistics

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).


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation:

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)


Industry profile for this occupation:

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


Geographic profile for this occupation:

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




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bridgeport-Stamford-Norwalk, CT 6,660 16.09 3.61 $97.80 $203,430
Hartford-West Hartford-East Hartford, CT 7,470 12.79 2.87 $72.80 $151,430
Boston-Cambridge-Nashua, MA-NH 29,150 10.42 2.34 $76.41 $158,940
Bloomington, IL 890 10.09 2.26 $56.19 $116,870
Des Moines-West Des Moines, IA 3,490 9.38 2.10 $63.63 $132,340
Trenton, NJ 1,870 7.79 1.75 $79.78 $165,950
Midland, TX 840 7.61 1.71 $63.41 $131,890
San Francisco-Oakland-Hayward, CA 18,640 7.54 1.69 $87.59 $182,190
Olympia-Tumwater, WA 850 7.45 1.67 $47.13 $98,040
Chicago-Naperville-Elgin, IL-IN-WI 34,540 7.39 1.66 $73.96 $153,840




Top paying metropolitan areas for 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
Bridgeport-Stamford-Norwalk, CT 6,660 16.09 3.61 $97.80 $203,430
San Francisco-Oakland-Hayward, CA 18,640 7.54 1.69 $87.59 $182,190
San Jose-Sunnyvale-Santa Clara, CA 8,270 7.25 1.63 $85.55 $177,940
Washington-Arlington-Alexandria, DC-VA-MD-WV 21,290 6.70 1.50 $83.74 $174,180
Denver-Aurora-Lakewood, CO 5,260 3.48 0.78 $83.20 $173,050
Boulder, CO 630 3.38 0.76 $82.65 $171,900
Vineland-Bridgeton, NJ 110 1.73 0.39 $81.13 $168,760
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 13,410 4.66 1.05 $80.70 $167,850
Charlotte-Concord-Gastonia, NC-SC 7,340 5.90 1.32 $79.88 $166,150

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas nonmetropolitan area 980 2.49 0.56 $49.30 $102,550
Southeast Iowa nonmetropolitan area 900 3.99 0.90 $48.68 $101,250
West Central Illinois nonmetropolitan area 790 4.54 1.02 $46.89 $97,530
Balance of Lower Peninsula of Michigan nonmetropolitan area 780 2.86 0.64 $50.67 $105,390
Northeast Mississippi nonmetropolitan area 770 3.28 0.73 $45.99 $95,650

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut nonmetropolitan area 270 8.18 1.83 $53.39 $111,050
Massachusetts nonmetropolitan area 390 6.38 1.43 $50.04 $104,090
West Central-Southwest New Hampshire nonmetropolitan area 580 5.65 1.27 $64.16 $133,460
Central New Hampshire nonmetropolitan area 520 5.39 1.21 $53.58 $111,440
Northern Vermont nonmetropolitan area 380 5.25 1.18 $47.87 $99,570

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northwestern Wisconsin nonmetropolitan area 40 0.87 0.19 $77.36 $160,920
Southwest New York nonmetropolitan area 360 1.94 0.44 $72.60 $151,010
Central East New York nonmetropolitan area 280 1.78 0.40 $68.48 $142,440
Eastern Ohio nonmetropolitan area 230 1.71 0.38 $66.59 $138,500
East South Dakota nonmetropolitan area 180 1.34 0.30 $66.47 $138,250


About May 2019 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(5) This wage is equal to or greater than $100.00 per hour or $208,000 per year.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2019 National Occupational Employment and Wage Estimates

May 2019 State Occupational Employment and Wage Estimates

May 2019 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2019 National Industry-Specific Occupational Employment and Wage Estimates

May 2019 Occupation Profiles

Technical Notes

 

Last Modified Date: July 6, 2020