How much does a Finance Manager make in Detroit, MI?
A Finance Manager in Detroit, MI earns a solid income. The average yearly salary for this role is approximately $139,833. This amount can vary based on experience, skills, and the specific company. For those with more years in the industry, the salary tends to be higher.
Finance Managers can expect to earn between $65,000 and $200,000 per year. The salary distribution shows that many managers earn near the lower end, while some with more experience or in higher-paying industries earn significantly more. These figures highlight the potential for growth and the rewards of gaining expertise in the field.
What are the highest paying cities for a Finance Manager near Detroit, MI?
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Farmington Hills, MI
Average Salary: $133,911
In Farmington Hills, you can lead a financial team at a thriving company. The area has strong corporate presence, offering excellent opportunities. Companies like Quicken Loans and Trintech are prominent here.
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Southfield, MI
Average Salary: $126,443
Southfield boasts a vibrant business environment. As a financial leader, you can work with major firms. Companies like Blue Cross Blue Shield of Michigan provide diverse roles.
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Flint, MI
Average Salary: $126,000
Flint is revitalizing, and finance roles are in demand. Leading financial operations here means contributing to the city's growth. Major employers like General Motors offer significant roles.
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Grand Rapids, MI
Average Salary: $123,050
Grand Rapids has a growing economy with many finance opportunities. Leading a team here means supporting diverse industries. Key employers include Amway and Spectrum Health.
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Dearborn, MI
Average Salary: $122,394
Dearborn is a hub for automotive finance. Working here, you can manage finances for a global industry leader. Ford Motor Company is a major employer with many openings.
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Toledo, OH
Average Salary: $122,329
Toledo offers a blend of manufacturing and finance roles. You can manage budgets for established firms. Owens-Illinois and Dana Incorporated are key players in the area.
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Cleveland, OH
Average Salary: $118,413
Cleveland is a major finance center with many opportunities. Leading financial teams here can work with global firms. Key employers include KeyCorp and Progressive.
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Troy, MI
Average Salary: $112,768
Troy has a strong corporate presence with many finance jobs. You can manage finances for large companies. Companies like Delphi Technologies and VF Corporation are significant employers.
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Sterling Heights, MI
Average Salary: $109,950
Sterling Heights offers diverse finance roles. You can lead teams in a growing economy. Key employers include General Motors and BorgWarner.
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Novi, MI
Average Salary: $106,222
Novi is a business hub with many finance positions. You can manage finances for successful firms. Key employers include TCF Bank and BorgWarner.
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What are the best paying companies for a Finance Manager in Detroit, MI?
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Deloitte
Average Salary: $181,478
Deloitte offers competitive salaries for Finance Managers. They provide a dynamic work environment across various locations, including Detroit. The role involves managing budgets, financial reporting, and strategic planning to ensure organizational goals are met.
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PwC
Average Salary: $171,913
PwC stands out as a leading firm for Finance Managers in Detroit. They offer a generous salary package, along with a chance to work in key financial sectors. Finance Managers here handle complex financial tasks, work on mergers and acquisitions, and support clients with their financial needs.
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The Salvation Army
Average Salary: $70,000
The Salvation Army provides a supportive environment for Finance Managers in Detroit. Their role focuses on managing the organization's financial health, ensuring funds are used effectively. The company operates in various locations, including community centers and shelters, where they serve diverse communities.
What are the best paying Finance Manager related jobs in Detroit, MI?
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Finance Director
Average Salary: $194,500
A finance director leads financial planning and analysis, ensuring companies like General Motors thrive. They manage budgets and forecasts, working closely with top executives. They also guide on investments and risk management, helping maintain financial stability.
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Investment Manager
Average Salary: $189,340
An investment manager oversees funds for clients, aiming for high returns. They analyze markets and make smart investment choices. Companies such as TCF Bank need them to grow their assets successfully.
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Credit Manager
Average Salary: $158,470
A credit manager evaluates the creditworthiness of clients. They work in industries like automotive, assessing risks and setting credit policies. This role is vital for companies like Ford to maintain financial health.
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Vice President
Average Salary: $140,000
A vice president guides financial strategies for large firms. They oversee finance, operations, and strategy. They work with senior leaders to boost profitability and growth. In Detroit, many finance vice presidents work in the automotive industry.
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School Treasurer
Average Salary: $134,891
A school treasurer handles school funds, ensuring they are used wisely. They manage budgets and financial records. This role is key for educational institutions to operate smoothly and support students.
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Payroll Manager
Average Salary: $121,414
A payroll manager handles employee pay and benefits. They ensure employees get paid on time. This role is important for companies like Fiat Chrysler Automobiles to maintain employee satisfaction.
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Controller
Average Salary: $115,634
A controller oversees accounting and financial reporting. They ensure accuracy in financial statements. Companies like DTE Energy rely on controllers to make informed decisions.
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Portfolio Manager
Average Salary: $113,938
A portfolio manager selects and oversees investments for clients. They aim to achieve financial goals. In Detroit, many portfolio managers work with financial firms, helping clients grow their wealth.
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Compliance Manager
Average Salary: $108,906
A compliance manager ensures companies follow laws and regulations. They monitor activities and create policies. This role is crucial for firms like Quicken Loans to avoid legal issues.
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Financial Planning Manager
Average Salary: $105,333
A financial planning manager helps clients manage their money. They create financial strategies and plans. They work with individuals and businesses to achieve financial goals. This role is vital in helping people secure their financial future.
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