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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).


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)


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


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 2022


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


Map of location quotient of financial managers by state, May 2022


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


Map of annual mean wages of financial managers by state, May 2022


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



Map of employment of financial managers by area, May 2022


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


Map of location quotient of financial managers by area, May 2022


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


Map of annual mean wages of financial managers by area, May 2022


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 68,500 7.46 1.49 $ 110.67 $ 230,200
San Francisco-Oakland-Hayward, CA 20,290 8.48 1.69 $ 107.34 $ 223,270
San Jose-Sunnyvale-Santa Clara, CA 8,700 7.75 1.55 $ 103.92 $ 216,150
Denver-Aurora-Lakewood, CO 8,220 5.30 1.06 $ 94.94 $ 197,480
Midland, TX 500 4.79 0.96 $ 94.45 $ 196,460
Bridgeport-Stamford-Norwalk, CT 7,070 17.96 3.59 $ 92.24 $ 191,850
Trenton, NJ 2,040 8.61 1.72 $ 91.19 $ 189,680
Boulder, CO 720 3.73 0.74 $ 90.26 $ 187,730
Buffalo-Cheektowaga-Niagara Falls, NY 1,900 3.69 0.74 $ 88.42 $ 183,910
Boston-Cambridge-Nashua, MA-NH 27,430 10.15 2.03 $ 88.25 $ 183,550

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)
Balance of Lower Peninsula of Michigan nonmetropolitan area 1,050 4.00 0.80 $ 60.33 $ 125,490
North Northeastern Ohio nonmetropolitan area (noncontiguous) 980 3.05 0.61 $ 58.42 $ 121,510
Kansas nonmetropolitan area 980 2.56 0.51 $ 59.19 $ 123,120
Southeast Iowa nonmetropolitan area 880 4.20 0.84 $ 56.00 $ 116,480
West Northwestern Ohio nonmetropolitan area 860 3.51 0.70 $ 58.39 $ 121,460

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 210 6.23 1.24 $ 64.78 $ 134,740
Northern Vermont nonmetropolitan area 390 5.83 1.16 $ 59.31 $ 123,360
Northeast Iowa nonmetropolitan area 560 5.77 1.15 $ 49.66 $ 103,290
Alaska nonmetropolitan area 550 5.36 1.07 $ 63.50 $ 132,070
Central New Hampshire nonmetropolitan area 470 5.21 1.04 $ 59.56 $ 123,880

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)
Central East New York nonmetropolitan area 370 2.37 0.47 $ 80.81 $ 168,080
Southwest New York nonmetropolitan area 390 2.30 0.46 $ 74.02 $ 153,970
Northwest Colorado nonmetropolitan area 290 2.32 0.46 $ 73.95 $ 153,820
East South Dakota nonmetropolitan area 170 1.27 0.25 $ 71.01 $ 147,710
West Central-Southwest New Hampshire nonmetropolitan area 500 5.05 1.01 $ 70.83 $ 147,320


About May 2022 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 $115.00 per hour or $239,200 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 2022 National Occupational Employment and Wage Estimates

May 2022 State Occupational Employment and Wage Estimates

May 2022 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2022 National Industry-Specific Occupational Employment and Wage Estimates

May 2022 Occupation Profiles

Technical Notes

 

Last Modified Date: April 25, 2023