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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:
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 |
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