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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2020

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)
653,080 0.5 % $ 72.84 $ 151,510 0.3 %

Percentile wage estimates for Financial Managers:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 34.05 $ 46.04 $ 64.51 $ 89.44 (5)
Annual Wage (2) $ 70,830 $ 95,770 $ 134,180 $ 186,030 (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) 98,570 4.86 $ 59.64 $ 124,040
Management of Companies and Enterprises 74,260 3.07 $ 79.56 $ 165,480
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 42,750 4.36 $ 84.23 $ 175,200
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 41,920 4.45 $ 99.06 $ 206,050
Insurance Carriers 26,990 2.24 $ 82.14 $ 170,850

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 680 6.32 $ 82.55 $ 171,710
Credit Intermediation and Related Activities (5221 and 5223 only) 98,570 4.86 $ 59.64 $ 124,040
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 41,920 4.45 $ 99.06 $ 206,050
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 42,750 4.36 $ 84.23 $ 175,200
Insurance and Employee Benefit Funds 270 3.93 $ 73.64 $ 153,170

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 41,920 4.45 $ 99.06 $ 206,050
Other Information Services 3,130 0.90 $ 98.27 $ 204,410
Monetary Authorities-Central Bank 630 3.21 $ 96.53 $ 200,780
Cable and Other Subscription Programming 310 0.61 $ 94.48 $ 196,520
Computer and Peripheral Equipment Manufacturing 990 0.62 $ 93.91 $ 195,340


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 92,670 5.64 1.20 $ 78.20 $ 162,650
Texas 46,340 3.83 0.82 $ 71.57 $ 148,860
New York 45,390 5.22 1.11 $ 103.67 $ 215,640
Illinois 41,460 7.37 1.57 $ 71.45 $ 148,620
Massachusetts 33,320 9.95 2.12 $ 76.44 $ 158,990




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 17,700 11.49 2.45 $ 81.97 $ 170,500
District of Columbia 7,060 10.27 2.19 $ 85.54 $ 177,920
Massachusetts 33,320 9.95 2.12 $ 76.44 $ 158,990
Illinois 41,460 7.37 1.57 $ 71.45 $ 148,620
New Hampshire 3,920 6.33 1.35 $ 63.67 $ 132,420




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 45,390 5.22 1.11 $ 103.67 $ 215,640
New Jersey 22,900 6.05 1.29 $ 88.52 $ 184,130
District of Columbia 7,060 10.27 2.19 $ 85.54 $ 177,920
Delaware 2,310 5.42 1.16 $ 84.92 $ 176,630
Colorado 7,450 2.89 0.62 $ 82.89 $ 172,400





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 56,680 6.42 1.37 $ 103.21 $ 214,670
Los Angeles-Long Beach-Anaheim, CA 35,700 6.13 1.31 $ 76.00 $ 158,070
Chicago-Naperville-Elgin, IL-IN-WI 34,420 7.89 1.68 $ 75.24 $ 156,490
Boston-Cambridge-Nashua, MA-NH 29,200 11.22 2.39 $ 79.09 $ 164,500
Washington-Arlington-Alexandria, DC-VA-MD-WV 21,120 6.99 1.49 $ 85.16 $ 177,140
San Francisco-Oakland-Hayward, CA 19,310 8.29 1.76 $ 92.01 $ 191,380
Dallas-Fort Worth-Arlington, TX 16,410 4.57 0.97 $ 77.10 $ 160,380
Atlanta-Sandy Springs-Roswell, GA 14,100 5.36 1.14 $ 72.80 $ 151,410
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 13,700 5.08 1.08 $ 82.22 $ 171,030
Houston-The Woodlands-Sugar Land, TX 13,020 4.39 0.93 $ 74.03 $ 153,990




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 6,560 17.41 3.71 $ 101.05 $ 210,180
Hartford-West Hartford-East Hartford, CT 7,440 13.53 2.88 $ 73.73 $ 153,350
Boston-Cambridge-Nashua, MA-NH 29,200 11.22 2.39 $ 79.09 $ 164,500
Des Moines-West Des Moines, IA 3,410 9.63 2.05 $ 66.80 $ 138,940
Pittsfield, MA 310 8.58 1.83 $ 48.04 $ 99,930
Trenton, NJ 1,930 8.36 1.78 $ 81.88 $ 170,310
San Francisco-Oakland-Hayward, CA 19,310 8.29 1.76 $ 92.01 $ 191,380
Bloomington, IL 680 8.19 1.74 $ 55.64 $ 115,720
San Jose-Sunnyvale-Santa Clara, CA 8,790 7.97 1.70 $ 92.45 $ 192,310
Chicago-Naperville-Elgin, IL-IN-WI 34,420 7.89 1.68 $ 75.24 $ 156,490




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 56,680 6.42 1.37 $ 103.21 $ 214,670
Bridgeport-Stamford-Norwalk, CT 6,560 17.41 3.71 $ 101.05 $ 210,180
San Jose-Sunnyvale-Santa Clara, CA 8,790 7.97 1.70 $ 92.45 $ 192,310
San Francisco-Oakland-Hayward, CA 19,310 8.29 1.76 $ 92.01 $ 191,380
Boulder, CO 610 3.34 0.71 $ 90.36 $ 187,940
Denver-Aurora-Lakewood, CO 5,170 3.55 0.76 $ 85.61 $ 178,070
Washington-Arlington-Alexandria, DC-VA-MD-WV 21,120 6.99 1.49 $ 85.16 $ 177,140
Charlotte-Concord-Gastonia, NC-SC 7,370 6.08 1.30 $ 83.71 $ 174,110
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 13,700 5.08 1.08 $ 82.22 $ 171,030
Trenton, NJ 1,930 8.36 1.78 $ 81.88 $ 170,310

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)
Kansas nonmetropolitan area 1,040 2.75 0.59 $ 50.43 $ 104,890
North Northeastern Ohio nonmetropolitan area (noncontiguous) 790 2.53 0.54 $ 56.04 $ 116,570
Southeast Iowa nonmetropolitan area 760 3.62 0.77 $ 50.15 $ 104,310
West Central Illinois nonmetropolitan area 750 4.56 0.97 $ 46.00 $ 95,680
Balance of Lower Peninsula of Michigan nonmetropolitan area 740 3.00 0.64 $ 52.10 $ 108,360

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 200 6.60 1.41 $ 56.85 $ 118,250
Massachusetts nonmetropolitan area 350 6.24 1.33 $ 53.64 $ 111,560
Central New Hampshire nonmetropolitan area 530 5.83 1.24 $ 54.31 $ 112,970
West Central-Southwest New Hampshire nonmetropolitan area 560 5.64 1.20 $ 62.37 $ 129,740
Alaska nonmetropolitan area 550 5.45 1.16 $ 51.59 $ 107,310

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 260 1.69 0.36 $ 72.61 $ 151,030
Southwest New York nonmetropolitan area 340 2.06 0.44 $ 71.79 $ 149,330
East South Dakota nonmetropolitan area 160 1.28 0.27 $ 69.57 $ 144,710
Northwestern Wisconsin nonmetropolitan area 60 1.27 0.27 $ 69.12 $ 143,770
Eastern Ohio nonmetropolitan area 230 1.82 0.39 $ 67.57 $ 140,540


About May 2020 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 $100.00 per hour or $208,000 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 2020 National Occupational Employment and Wage Estimates

May 2020 State Occupational Employment and Wage Estimates

May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2020 National Industry-Specific Occupational Employment and Wage Estimates

May 2020 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2021