• Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2022

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)
740,780	1.2 %	$ 79.83	$ 166,050	0.5 %

Percentile wage estimates for Financial Managers:

Percentile	10%	25%	50% (Median)	75%	90%
Hourly Wage	$ 38.00	$ 50.07	$ 67.21	$ 97.94	(5)
Annual Wage (2)	$ 79,050	$ 104,150	$ 139,790	$ 203,720	(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)	99,540	4.92	$ 65.03	$ 135,250
Management of Companies and Enterprises	83,790	3.12	$ 87.43	$ 181,860
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	51,380	5.07	$ 117.30	$ 243,990
Accounting, Tax Preparation, Bookkeeping, and Payroll Services	48,970	4.65	$ 85.52	$ 177,880
Insurance Carriers	30,860	2.56	$ 86.10	$ 179,090

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	1,030	5.93	$ 96.28	$ 200,260
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	51,380	5.07	$ 117.30	$ 243,990
Credit Intermediation and Related Activities (5221 and 5223 only)	99,540	4.92	$ 65.03	$ 135,250
Accounting, Tax Preparation, Bookkeeping, and Payroll Services	48,970	4.65	$ 85.52	$ 177,880
Monetary Authorities-Central Bank	890	4.24	$ 89.47	$ 186,110

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	51,380	5.07	$ 117.30	$ 243,990
Web Search Portals, Libraries, Archives, and Other Information Services	1,090	0.62	$ 107.91	$ 224,460
Pipeline Transportation of Natural Gas	310	1.00	$ 106.34	$ 221,190
Motion Picture and Video Industries	2,040	0.49	$ 105.83	$ 220,130
Independent Artists, Writers, and Performers	100	0.17	$ 104.24	$ 216,820

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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	99,340	5.63	1.12	$ 90.10	$ 187,410
Texas	57,680	4.44	0.89	$ 78.37	$ 163,020
New York	55,560	6.10	1.22	$ 109.69	$ 228,160
Illinois	44,300	7.53	1.50	$ 74.55	$ 155,070
Florida	35,970	3.91	0.78	$ 75.86	$ 157,780

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	19,540	11.98	2.39	$ 81.36	$ 169,230
District of Columbia	7,670	11.12	2.22	$ 85.65	$ 178,140
Massachusetts	31,940	8.96	1.79	$ 85.57	$ 177,990
Illinois	44,300	7.53	1.50	$ 74.55	$ 155,070
New Jersey	30,640	7.46	1.49	$ 98.15	$ 204,150

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	55,560	6.10	1.22	$ 109.69	$ 228,160
New Jersey	30,640	7.46	1.49	$ 98.15	$ 204,150
Delaware	2,470	5.41	1.08	$ 92.19	$ 191,750
Colorado	11,230	4.06	0.81	$ 91.62	$ 190,570
California	99,340	5.63	1.12	$ 90.10	$ 187,410

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	68,500	7.46	1.49	$ 110.67	$ 230,200
Los Angeles-Long Beach-Anaheim, CA	36,380	5.96	1.19	$ 87.66	$ 182,340
Chicago-Naperville-Elgin, IL-IN-WI	35,030	7.93	1.58	$ 78.05	$ 162,340
Boston-Cambridge-Nashua, MA-NH	27,430	10.15	2.03	$ 88.25	$ 183,550
Washington-Arlington-Alexandria, DC-VA-MD-WV	22,290	7.36	1.47	$ 87.75	$ 182,520
Dallas-Fort Worth-Arlington, TX	20,930	5.50	1.10	$ 79.36	$ 165,070
San Francisco-Oakland-Hayward, CA	20,290	8.48	1.69	$ 107.34	$ 223,270
Atlanta-Sandy Springs-Roswell, GA	14,550	5.34	1.07	$ 83.96	$ 174,630
Houston-The Woodlands-Sugar Land, TX	14,420	4.72	0.94	$ 84.66	$ 176,090
Minneapolis-St. Paul-Bloomington, MN-WI	11,600	6.16	1.23	$ 76.74	$ 159,610

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	7,070	17.96	3.59	$ 92.24	$ 191,850
Hartford-West Hartford-East Hartford, CT	7,120	12.78	2.55	$ 77.40	$ 160,990
Des Moines-West Des Moines, IA	4,200	11.33	2.26	$ 72.01	$ 149,780
Boston-Cambridge-Nashua, MA-NH	27,430	10.15	2.03	$ 88.25	$ 183,550
Dubuque, IA	520	9.10	1.82	$ 59.54	$ 123,840
Midland, MI	310	8.67	1.73	$ 79.98	$ 166,360
Nashville-Davidson--Murfreesboro--Franklin, TN	8,940	8.62	1.72	$ 72.46	$ 150,720
Trenton, NJ	2,040	8.61	1.72	$ 91.19	$ 189,680
San Francisco-Oakland-Hayward, CA	20,290	8.48	1.69	$ 107.34	$ 223,270
Danbury, CT	620	8.26	1.65	$ 73.61	$ 153,100