How much does a Finance Manager make?
A Finance Manager plays a key role in a company's financial health. They oversee budgeting, financial planning, and reporting. This important job comes with a good salary. On average, a Finance Manager earns about $122,734 per year. This salary can vary based on experience, location, and the size of the company.
Finance Managers often have many years of experience. Their salary can increase as they gain more skills and knowledge. For example, those with less than five years of experience might earn around $43,850. Those with over 20 years can earn up to $225,000. Companies in big cities like New York or San Francisco often pay more. This is because the cost of living is higher in these areas. The industry also matters. Finance Managers in tech companies might earn more than those in non-profit organizations.
What are the highest paying cities for a Finance Manager?
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Midland, TX
Average Salary: $178,489
In Midland, TX, professionals in financial roles enjoy a strong economy driven by the energy sector. Companies like EOG Resources and Occidental Petroleum offer great opportunities. The city's business environment supports career growth and stability.
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Fort Myers, FL
Average Salary: $160,138
Fort Myers, FL, provides a vibrant setting for finance professionals. With companies like AdventHealth and Lee Health, the city offers diverse opportunities. The warm climate and growing economy make it an attractive place to work.
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Stamford, CT
Average Salary: $155,725
Stamford, CT, is a hub for finance careers, home to major corporations like United Technologies and Charter Communications. The city's strong economy and professional environment support career advancement. Stamford offers a mix of urban and suburban living.
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San Francisco, CA
Average Salary: $152,211
San Francisco, CA, is a dynamic city for finance professionals. Tech giants like Salesforce and LinkedIn create many opportunities. The city's innovative spirit and high demand for financial expertise make it an exciting place to work.
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Charlotte, NC
Average Salary: $141,389
Charlotte, NC, is known as a financial center, with companies like Bank of America and Wells Fargo. The city offers a strong job market and a growing economy. Professionals here benefit from a mix of urban and suburban living.
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Tampa, FL
Average Salary: $140,720
Tampa, FL, offers a growing job market for finance professionals. Companies like Raymond James and TECO Energy provide many opportunities. The city's warm climate and expanding economy make it an attractive place to work.
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San Jose, CA
Average Salary: $138,972
San Jose, CA, is a key location for finance careers, home to tech giants like Intel and Cisco Systems. The city's innovative environment and strong economy support career growth. San Jose offers a vibrant mix of urban and suburban living.
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Riverside, CA
Average Salary: $138,451
Riverside, CA, provides a balanced environment for finance professionals. Companies like Riverside County and UCR Health offer many opportunities. The city's growing economy and affordable living make it an attractive place to work.
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Spokane, WA
Average Salary: $135,437
Spokane, WA, offers a strong job market for finance professionals. Companies like Washington Trust Bank and Avista Corporation provide many opportunities. The city's growing economy and quality of life make it an attractive place to work.
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Portland, OR
Average Salary: $133,376
Portland, OR, is a vibrant city for finance careers. Companies like Nike and Providence Health & Services offer many opportunities. The city's strong economy and progressive environment support career growth. Portland's unique culture and lifestyle add to its appeal.
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What are the best companies a Finance Manager can work for?
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Classic Honda of Midland
Average Salary: $317,727
Classic Honda of Midland offers competitive salaries for Finance Managers. They operate in Midland, TX, and focus on providing top-quality automotive services. Their Finance Managers manage financial operations, ensuring smooth business functioning.
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Whitted Inc
Average Salary: $226,714
Whitted Inc provides a rewarding environment for Finance Managers. They are located in Charlotte, NC, and specialize in automotive retail. Their Finance Managers oversee budgeting, financial planning, and reporting.
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MILLS AUTO GROUP
Average Salary: $210,800
MILLS AUTO GROUP offers attractive salaries for Finance Managers. They operate in multiple locations, including Houston, TX. Their Finance Managers handle financial analysis, budgeting, and strategic planning.
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ALM Automotive Group
Average Salary: $209,643
ALM Automotive Group provides competitive compensation for Finance Managers. They are based in Atlanta, GA, and focus on automotive retail. Their Finance Managers manage financial operations and ensure fiscal responsibility.
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Apple
Average Salary: $201,981
Apple offers high salaries for Finance Managers. They operate globally, with headquarters in Cupertino, CA. Their Finance Managers oversee financial planning, budgeting, and reporting for various tech products.
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Larson Automotive Group
Average Salary: $199,583
Larson Automotive Group provides competitive salaries for Finance Managers. They are based in Minneapolis, MN, and focus on automotive retail. Their Finance Managers manage financial operations, ensuring efficiency and profitability.
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Kaizen Automotive Group
Average Salary: $197,308
Kaizen Automotive Group offers attractive salaries for Finance Managers. They operate in multiple locations, including Los Angeles, CA. Their Finance Managers handle financial planning, budgeting, and strategic decision-making.
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EY
Average Salary: $192,961
EY provides competitive salaries for Finance Managers. They operate globally, with offices in major cities. Their Finance Managers work on financial audits, consulting, and strategic planning.
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Citi
Average Salary: $188,016
Citi offers attractive salaries for Finance Managers. They operate worldwide, with headquarters in New York, NY. Their Finance Managers manage financial operations, ensuring compliance and efficiency.
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Brown & Brown Insurance
Average Salary: $181,848
Brown & Brown Insurance provides competitive salaries for Finance Managers. They operate in multiple locations, including Daytona Beach, FL. Their Finance Managers handle financial planning, budgeting, and risk management.
How to earn more as a Finance Manager?
A Finance Manager can increase their earnings by focusing on several key areas. One important factor is gaining advanced certifications. These credentials can open up higher-paying job opportunities. For example, becoming a Certified Public Accountant (CPA) or a Financial Risk Manager (FRM) can lead to better positions. Another factor is gaining experience in different industries. This broadens a Finance Manager's skill set and makes them more valuable.
Networking also plays a crucial role. Building strong relationships with other professionals can lead to job offers and salary increases. Attending industry conferences and joining professional organizations can help. Experience in leadership roles is another factor. Taking on roles such as Director of Finance or Chief Financial Officer (CFO) can lead to higher salaries. Lastly, staying updated with the latest financial trends and technologies can make a Finance Manager more competitive in the job market. This continuous learning can lead to better job opportunities and higher pay.
Here are five factors to consider:
- Gain advanced certifications
- Gain experience in different industries
- Network with other professionals
- Take on leadership roles
- Stay updated with financial trends and technologies
