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Occupational Employment and Wage Statistics

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:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Information Services 3,690 1.02 $ 102.55 $ 213,310
Pipeline Transportation of Crude Oil 30 0.29 $ 100.61 $ 209,280
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 43,140 4.50 $ 98.64 $ 205,170
Computer and Peripheral Equipment Manufacturing 980 0.63 $ 97.86 $ 203,550
Cable and Other Subscription Programming 290 0.60 $ 95.92 $ 199,510


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.



Map of employment of financial managers by state, May 2021


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


Map of location quotient of financial managers by state, May 2021


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


Map of annual mean wages of financial managers by state, May 2021


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



Map of employment of financial managers by area, May 2021


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


Map of location quotient of financial managers by area, May 2021


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


Map of annual mean wages of financial managers by area, May 2021


Top paying metropolitan areas for 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
San Jose-Sunnyvale-Santa Clara, CA 9,590 8.97 1.86 $ 96.79 $ 201,330
San Francisco-Oakland-Hayward, CA 20,350 9.08 1.88 $ 90.82 $ 188,900
Bridgeport-Stamford-Norwalk, CT 6,560 17.48 3.62 $ 89.00 $ 185,130
Greeley, CO 240 2.39 0.49 $ 88.71 $ 184,520
Boulder, CO 510 2.81 0.58 $ 87.34 $ 181,660
Denver-Aurora-Lakewood, CO 5,980 4.08 0.84 $ 86.86 $ 180,660
Trenton, NJ 1,830 8.04 1.66 $ 86.25 $ 179,400
Charlotte-Concord-Gastonia, NC-SC 7,010 5.79 1.20 $ 84.22 $ 175,180
Seattle-Tacoma-Bellevue, WA 7,930 4.14 0.86 $ 83.91 $ 174,530

Nonmetropolitan areas with the highest employment in Financial Managers:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas nonmetropolitan area 1,090 2.89 0.60 $ 55.51 $ 115,460
Balance of Lower Peninsula of Michigan nonmetropolitan area 940 3.73 0.77 $ 55.36 $ 115,160
Southeast Iowa nonmetropolitan area 890 4.23 0.88 $ 50.91 $ 105,890
North Northeastern Ohio nonmetropolitan area (noncontiguous) 780 2.49 0.51 $ 58.92 $ 122,560
West Central Illinois nonmetropolitan area 730 4.59 0.95 $ 51.09 $ 106,270

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

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut nonmetropolitan area 230 7.30 1.51 $ 61.76 $ 128,450
Massachusetts nonmetropolitan area 360 6.23 1.29 $ 61.89 $ 128,720
Northern Vermont nonmetropolitan area 380 5.88 1.22 $ 53.29 $ 110,850
West Central-Southwest New Hampshire nonmetropolitan area 560 5.75 1.19 $ 64.67 $ 134,500
Alaska nonmetropolitan area 520 5.31 1.10 $ 56.10 $ 116,700

Top paying nonmetropolitan areas for Financial Managers:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northwest Colorado nonmetropolitan area 320 2.71 0.56 $ 77.03 $ 160,230
Central East New York nonmetropolitan area 270 1.81 0.37 $ 70.76 $ 147,180
Southwest New York nonmetropolitan area 450 2.69 0.56 $ 68.35 $ 142,170
North Texas Region of Texas nonmetropolitan area 660 2.47 0.51 $ 66.13 $ 137,560
Southeast Coastal North Carolina nonmetropolitan area 400 1.65 0.34 $ 65.76 $ 136,780


About May 2021 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 OEWS estimates and related information:

May 2021 National Occupational Employment and Wage Estimates

May 2021 State Occupational Employment and Wage Estimates

May 2021 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2021 National Industry-Specific Occupational Employment and Wage Estimates

May 2021 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2022