Finance Manager Average Salary
Finance Manager Average Salary

Finance Manager Average Salary

Finance Manager Average Salary – As the lead of financial team in a company, a finance manager is supposed to get impressive income. If you need to make sure how much finance manager average salary make, here the stoppage. In this article, you will have a sight on rewards paid for auto or senior finance manager.

This article also gives sight about the job meaning, descriptions, requirements, and other crucial things you should know. At the end, hopefully you can compare salary counted in India, Australia, US, UK, and other large states in the world.

Finance Manager Average Salary

StateAnnual SalaryMonthly PayWeekly PayHourly Wage
Massachusetts$92,393$7,699$1,777$44.42
Hawaii$91,281$7,607$1,755$43.88
Connecticut$90,553$7,546$1,741$43.54
Tennessee$88,907$7,409$1,710$42.74
Minnesota$88,514$7,376$1,702$42.55
Ohio$88,255$7,355$1,697$42.43
Rhode Island$87,886$7,324$1,690$42.25
Washington$87,515$7,293$1,683$42.07
New York$86,573$7,214$1,665$41.62
North Dakota$86,400$7,200$1,662$41.54
Utah$86,355$7,196$1,661$41.52
Alaska$86,349$7,196$1,661$41.51
Louisiana$85,838$7,153$1,651$41.27
Nevada$85,668$7,139$1,647$41.19
South Dakota$83,877$6,990$1,613$40.33
Maryland$83,706$6,976$1,610$40.24
New Hampshire$83,581$6,965$1,607$40.18
Iowa$83,491$6,958$1,606$40.14
Oregon$82,821$6,902$1,593$39.82
Nebraska$82,229$6,852$1,581$39.53
Kansas$81,938$6,828$1,576$39.39
Kentucky$81,173$6,764$1,561$39.03
Virginia$81,151$6,763$1,561$39.02
California$79,140$6,595$1,522$38.05
South Carolina$78,931$6,578$1,518$37.95
Colorado$78,840$6,570$1,516$37.90
Vermont$78,625$6,552$1,512$37.80
Delaware$78,274$6,523$1,505$37.63
Wyoming$77,609$6,467$1,492$37.31
Mississippi$76,798$6,400$1,477$36.92
Oklahoma$76,424$6,369$1,470$36.74
West Virginia$75,252$6,271$1,447$36.18
Pennsylvania$74,888$6,241$1,440$36.00
New Jersey$74,605$6,217$1,435$35.87
Arkansas$74,205$6,184$1,427$35.68
Idaho$74,158$6,180$1,426$35.65
Michigan$73,943$6,162$1,422$35.55
Montana$73,833$6,153$1,420$35.50
Illinois$73,803$6,150$1,419$35.48
Maine$73,710$6,142$1,417$35.44
Arizona$73,074$6,089$1,405$35.13
Indiana$72,605$6,050$1,396$34.91
Wisconsin$72,570$6,047$1,396$34.89
Missouri$72,176$6,015$1,388$34.70
Texas$71,641$5,970$1,378$34.44
Georgia$70,493$5,874$1,356$33.89
New Mexico$68,927$5,744$1,326$33.14
Alabama$68,844$5,737$1,324$33.10
North Carolina$67,261$5,605$1,293$32.34
Florida$66,440$5,537$1,278$31.94
Finance Manager Average Salary

What Is a Finance Manager?

A finance manager or a finance lead is an accounting professional who manages and is responsible for financial safety and security of a company. Talking about a finance manager, you won’t be away from any financial strategies and terms.

You can see this career available in many sectors both public and private. Such as hotels, banks, finance, insurance, healthcare centres, etc.

Finance managers play the most basic role beyond all major business matters. Thus, the role is highly critical since the success of business laid in this hand. The main role of this position is to provide financial support or guidance for the organizations.

What Do They Do?

Playing the most crucial role in a company, a finance manager handles lots of tasks related to any financial acts and strategic analysis.

The responsibility may include:

  • Review, collect, interpret financial reports and information.
  • Manage direct investment actions.
  • Develop tricks, plans and strategies for long term financial aims.
  • Monitor accounts and prepare financial forecasts.
  • Provide advice for upper corporate officers about business decisions.
  • Make a prediction about future trends of financing.
  • Produce financial reports including budgets, expenses, account payable, etc.
  • Review, monitor and manage budgets of a company.
  • Analyse market and financial trends or competitors.

Above all, a finance manager is not limited only to take action on the prior list. In some cases, you might have other responsibilities. Like getting relationships with other teams like solicitors, HM, etc. Finance manager could possibly deal with any supervising tasks.

What Are the Qualifications?

To become one finance manager, you need to at least have background knowledge, experience and skills. It typically needs a bachelor’s degree, five or more years’ experience in financial jobs (accounting or finance). You can firstly start a career from auditors, accountants, financial analysts or sales agents.

Another qualification to get employed in the position of finance manager is having required skills. Skills needed for this job are in the following:

  • Have advanced Excel skills.
  • Excellent in problem solving.
  • Knowledge in financial reports and the like.
  • Good communication and analysis skills.
  • Have strong interpersonal skills.
  • Excellent in Math, economics, management and business studies.
  • Excellent technology skills.
  • Be able to work with a team and independently.
  • Good leadership.

The above list is the standard qualification. You may find in chance if a particular company will ask for more requirements.

How Long They Work?

Most finance manager positions carry out the work full time for about 40 hours per week. However, some finance managers work more than 40 hours/week.

Is It Worthy to Be A Finance Manager?

Why not. If you have a background in this field, of course this is the best place for you to make good income. Being a finance manager is suitable for anyone who likes accounting and those who need satisfying earnings.

From the information presented from averageSalary.Co, we know the salary of the average financial manager has met the luxury. No wonder this position is the dream of many job seekers.