Financial Managers
Wages & Outlook
Typical Wages
Wages listed below are for a variety of experience and education levels. Make sure that you research the typical entry-level education and work experience and training requirements for this occupation.
This is a very high-wage career. It pays well above the statewide median wage.
Wages for Financial Managers *
U S |
$49.32 | $65.21 | $94.99 |
|---|---|---|---|
Minnesota |
$49.22 | $63.05 | $80.88 |
Central Minnesota |
$41.48 | $56.99 | $69.92 |
Northeast Minnesota |
$38.06 | $49.27 | $62.11 |
Northwest Minnesota |
$38.58 | $49.27 | $63.70 |
Southeast Minnesota |
$46.70 | $59.69 | $79.38 |
Southwest Minnesota |
$38.89 | $50.54 | $64.43 |
Seven County Mpls-St Paul, MN |
$50.61 | $64.24 | $83.09 |
* "Low" indicates 25% of workers earn less and 75% earn more.
"Median" indicates 50% of workers earn less and 50% earn more.
"High" indicates 75% of workers earn less and 25% earn more.
Employment
In Minnesota, there are 14,300 workers employed in this large career.
Where do Financial Managers most often work?
- Management of Companies and Enterprises
- Credit Intermediation and Related Activities
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- Professional, Scientific, and Technical Services
- Insurance Carriers and Related Activities
Current Demand
No data available.
Future Demand
This career is seeing very high growth compared to other careers.
There will be a need for about 14,674 new Financial Managers to meet market demand between 2020-2030. This includes the demand due to replacement (workers leaving the occupation or retiring) as well as growth.
| U S | 681,700 | 799,900 | 118,200 | 17.3% |
|---|---|---|---|---|
| Minnesota | 16,009 | 18,487 | 2,478 | 15.5% |
| Central Minnesota | 991 | 1,149 | 158 | 15.9% |
| Northeast Minnesota | 434 | 504 | 70 | 16.1% |
| Northwest Minnesota | 742 | 879 | 137 | 18.5% |
| Southeast Minnesota | 788 | 910 | 122 | 15.5% |
| Southwest Minnesota | 580 | 680 | 100 | 17.2% |
| Seven County Mpls-St Paul, MN | 12,546 | 14,428 | 1,882 | 15% |
Source: You can learn about our data sources in the About Us section.