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