Occupational Employment and Wages, May 2011

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)
477,690 0.5 % $57.91 $120,450 0.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $27.94 $37.65 $51.52 $70.26 (5)
Annual Wage (2) $58,120 $78,300 $107,160 $146,150 (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 69,180 4.04 $48.29 $100,440
Management of Companies and Enterprises 51,120 2.68 $65.97 $137,220
Insurance Carriers 20,230 1.74 $63.55 $132,180
Local Government (OES Designation) 18,560 0.34 $42.23 $87,850
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 15,810 1.90 $73.11 $152,070

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities and Commodity Exchanges 420 5.78 $88.71 $184,510
Depository Credit Intermediation 69,180 4.04 $48.29 $100,440
Other Financial Investment Activities 11,860 3.46 $82.31 $171,210
Securities and Commodity Contracts Intermediation and Brokerage 14,040 3.03 $80.90 $168,270
Nondepository Credit Intermediation 15,680 2.79 $58.13 $120,910

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities and Commodity Exchanges 420 5.78 $88.71 $184,510
Other Financial Investment Activities 11,860 3.46 $82.31 $171,210
Securities and Commodity Contracts Intermediation and Brokerage 14,040 3.03 $80.90 $168,270
Sound Recording Industries 90 0.56 $74.84 $155,670
Other Investment Pools and Funds 1,080 2.75 $74.72 $155,420


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 64,740 4.61 1.24 $64.63 $134,430
New York 39,730 4.71 1.27 $78.66 $163,620
Texas 28,580 2.77 0.74 $57.03 $118,630
Illinois 23,000 4.13 1.11 $55.40 $115,230
New Jersey 21,610 5.73 1.54 $68.19 $141,830




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 6,830 10.59 2.84 $62.84 $130,700
Connecticut 12,130 7.54 2.03 $55.89 $116,240
Massachusetts 18,490 5.86 1.57 $63.28 $131,620
New Jersey 21,610 5.73 1.54 $68.19 $141,830
Rhode Island 2,570 5.70 1.53 $60.70 $126,260




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 39,730 4.71 1.27 $78.66 $163,620
New Jersey 21,610 5.73 1.54 $68.19 $141,830
Delaware 2,210 5.48 1.47 $66.55 $138,430
California 64,740 4.61 1.24 $64.63 $134,430
Massachusetts 18,490 5.86 1.57 $63.28 $131,620





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-White Plains-Wayne, NY-NJ Metropolitan Division 33,090 6.54 1.76 $84.27 $175,290
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 18,490 4.84 1.30 $66.04 $137,370
Chicago-Joliet-Naperville, IL Metropolitan Division 16,950 4.73 1.27 $59.35 $123,440
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 15,100 6.54 1.76 $64.81 $134,800
Boston-Cambridge-Quincy, MA NECTA Division 12,140 7.24 1.94 $68.84 $143,190
Atlanta-Sandy Springs-Marietta, GA 10,220 4.59 1.23 $60.72 $126,290
Minneapolis-St. Paul-Bloomington, MN-WI 10,190 5.96 1.60 $59.15 $123,040
Houston-Sugar Land-Baytown, TX 8,420 3.30 0.89 $63.28 $131,630
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 7,790 8.12 2.18 $78.22 $162,690
Dallas-Plano-Irving, TX Metropolitan Division 7,780 3.80 1.02 $59.28 $123,310