Finance Manager Salary Overview
Salaries for Finance Managers are influenced by experience, certifications such as CFA or CPA, industry, and geographic location. The size of the company and its financial health can also impact compensation.
National Average: $85,000 - $125,000 per year
Experience-Based Salary Ranges
Entry Level (0-2 years)
$65,000 - $80,000
Mid Level (3-5 years)
$85,000 - $100,000
Senior Level (6-9 years)
$105,000 - $125,000
Manager/Director (10+ years)
$130,000 - $160,000+
Entry Level (0-2 years)
- Assisting in financial report preparation
- Conducting basic financial analysis
- Support budgeting processes
- Learning company financial systems
Mid Level (3-5 years)
- Managing financial reporting
- Budget oversight and analysis
- Team leadership responsibilities
- Developing financial strategies
Senior Level (6-9 years)
- Overseeing financial operations
- Strategic financial planning
- Mentoring junior finance staff
- Leading complex financial projects
Manager/Director (10+ years)
- Directing financial strategy
- Executive-level financial decision making
- Comprehensive risk management
- Engaging with senior leadership
Regional Salary Variations
Salaries for Finance Managers can differ greatly based on location due to cost of living and regional economic conditions. High-demand areas often offer higher salaries.
New York City
$110,000 - $150,000
San Francisco
$115,000 - $160,000
Chicago
$95,000 - $130,000
Los Angeles
$100,000 - $140,000
Dallas
$90,000 - $125,000
Atlanta
$85,000 - $120,000
Phoenix
$80,000 - $115,000
Remote (US-based)
$85,000 - $130,000
- Living expenses vary widely across regions.
- High salaries in urban centers often offset higher living costs.
- Remote roles may offer competitive pay with lower living expenses.
- Regional economic health can influence job availability and salaries.
Industry Salary Comparison
Finance Manager salaries can vary significantly across industries. Generally, industries such as finance, technology, and healthcare offer higher salaries compared to education or non-profits.
| Industry | Salary Range | Bonus/Equity | Growth Potential |
|---|---|---|---|
| Finance & Insurance | $90,000 - $140,000 | High | Very Good |
| Technology | $95,000 - $150,000 | High | Good |
| Healthcare | $85,000 - $130,000 | Moderate | Stable |
| Manufacturing | $80,000 - $120,000 | Moderate | Stable |
| Education | $70,000 - $100,000 | Low | Limited |
Job Outlook and Career Growth
The demand for Finance Managers is expected to grow due to increased regulatory environments and the need for financial expertise in decision-making.
- Growth in global financial markets
- Increased focus on financial transparency
- Digitalization of financial services
Salary Negotiation Tips
Negotiating your salary is a crucial step in ensuring you receive fair compensation for your skills and experience.
Preparation Strategies
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Research Industry Standards
Understand the typical salary range for your role and experience.
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Know Your Value
Identify your unique skills and achievements that add value.
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Set a Clear Salary Range
Decide on your acceptable salary range before negotiations.
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Prepare Your Talking Points
Outline why you deserve a higher salary based on evidence.
During Negotiation
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Be Confident
Present your case assertively and with confidence.
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Listen Actively
Understand the employer's perspective and constraints.
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Be Ready to Compromise
Consider other benefits and perks if the salary is non-negotiable.
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Practice Patience
Take your time to consider offers and counteroffers.
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Focus on Mutual Benefit
Emphasize how your skills will benefit the company.