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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