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 |
$51.06 | $68.54 | $99.88 |
|---|---|---|---|
Minnesota |
$50.85 | $65.23 | $86.34 |
Central Minnesota |
$46.01 | $57.89 | $73.55 |
Northeast Minnesota |
$42.10 | $51.46 | $65.23 |
Northwest Minnesota |
$40.85 | $52.02 | $70.30 |
Southeast Minnesota |
$45.96 | $59.42 | $78.57 |
Southwest Minnesota |
$43.24 | $51.25 | $71.40 |
Seven County Mpls-St Paul, MN |
$53.10 | $67.98 | $95.05 |
* "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 14,990 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
This career is currently in very high demand.
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.