Occupational Employment and Wages, May 2016

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.


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

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
543,300 0.6 % $67.17 $139,720 0.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $31.25 $42.08 $58.54 $81.15 (5)
Annual Wage (2) $65,000 $87,530 $121,750 $168,790 (5)


Industry profile for this occupation: Top

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)
Depository Credit Intermediation 76,630 4.56 $53.61 $111,500
Management of Companies and Enterprises 68,310 2.97 $76.94 $160,040
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 28,950 3.07 $79.92 $166,230
Insurance Carriers 23,610 2.02 $72.97 $151,780
Local Government (OES Designation) 18,500 0.34 $47.96 $99,760

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Depository Credit Intermediation 76,630 4.56 $53.61 $111,500
Other Investment Pools and Funds 250 4.34 $87.88 $182,790
Other Financial Investment Activities 17,680 3.87 $93.90 $195,320
Securities and Commodity Contracts Intermediation and Brokerage 14,180 3.17 $97.30 $202,380
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 28,950 3.07 $79.92 $166,230

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Pipeline Transportation 30 0.42 $106.41 $221,330
Securities and Commodity Contracts Intermediation and Brokerage 14,180 3.17 $97.30 $202,380
Beer, Wine, and Liquor Stores 40 0.02 $95.54 $198,720
Other Financial Investment Activities 17,680 3.87 $93.90 $195,320
Monetary Authorities-Central Bank 510 2.91 $92.44 $192,270


Geographic profile for this occupation: Top

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 70,540 4.42 1.14 $73.39 $152,650
New York 40,250 4.42 1.14 $93.01 $193,470
Illinois 35,170 5.96 1.54 $61.40 $127,710
Massachusetts 28,640 8.28 2.14 $66.64 $138,610
Texas 27,670 2.36 0.61 $71.86 $149,470




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)
District of Columbia 7,110 10.12 2.61 $75.74 $157,530
Connecticut 14,210 8.53 2.20 $73.64 $153,180
Massachusetts 28,640 8.28 2.14 $66.64 $138,610
Illinois 35,170 5.96 1.54 $61.40 $127,710
New Hampshire 3,760 5.83 1.51 $57.50 $119,610




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 40,250 4.42 1.14 $93.01 $193,470
Delaware 1,840 4.19 1.08 $80.65 $167,750
New Jersey 20,180 5.10 1.32 $79.59 $165,560
Colorado 5,930 2.36 0.61 $76.48 $159,070
District of Columbia 7,110 10.12 2.61 $75.74 $157,530





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-Jersey City-White Plains, NY-NJ Metropolitan Division 38,310 5.82 1.50 $96.50 $200,730
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 24,060 6.61 1.71 $65.05 $135,300
Boston-Cambridge-Newton, MA NECTA Division 19,970 11.07 2.86 $71.90 $149,560
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 18,060 4.28 1.11 $75.69 $157,440
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 15,660 6.29 1.63 $77.20 $160,570
Atlanta-Sandy Springs-Roswell, GA 12,730 4.99 1.29 $71.48 $148,680
Minneapolis-St. Paul-Bloomington, MN-WI 11,790 6.17 1.60 $69.94 $145,460
Houston-The Woodlands-Sugar Land, TX 8,780 2.99 0.77 $78.50 $163,290
Phoenix-Mesa-Scottsdale, AZ 8,730 4.51 1.17 $56.13 $116,760
Anaheim-Santa Ana-Irvine, CA Metropolitan Division 8,490 5.43 1.40 $68.93 $143,380