Financial Managers vs Engineers salary

As stated by the US Bureau of Labor Statistics, the average yearly salary for Financial Managers is $153,460, compared to $107,800 for Engineers. This shows that the pay for Financial Managers is much higher than for Engineers.

Nevertheless, it's worth noting that factors such as location, experience, and the specific workplace can affect salary. For instance, Financial Managers in New York may have higher earnings (averaging $206,990 per year) compared to those in Mississippi ($100,600). As another example, the average wage of Engineers in Washington DC is 81% higher than those in Kansas.

Financial Managers vs Engineers overview

Financial Managers and Engineers are fundamental to the Professional, Scientific, and Technical Services industry. People are often interested in learning about the distinctions between these occupations, including the average salary for each of them.

Financial Manager job description

Financial Managers plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

Financial Manager education and experience

Most Financial Managers (56%) have completed a Bachelor's Degree. But additionally, among employees with this job title, there are also some with a Post-Baccalaureate Certificate (21%) and a High School Diploma (14%). With regard to experience, 42% of Financial Manager occupations require a 4 to 6 years of previous work-related experience. A smaller number of roles (22%) require a previous experience of 1 to 2 years.

Financial Manager average salary

As stated by the US Bureau of Labor Statistics, the United States employed 681,070 Financial Managers in 2021, and the average income they earned annually was $153,460. The bottom 10 percent had earnings of $77,040 or less, and the top 10 percent had earnings of $208,000 or more. The average salary has increased by 1.3% in comparison to the previous year.

Do Financial Managers make good money?

Financial Managers are typically paid well, since their mean salary is almost two times above the average pay in the United States ($58,260). Furthermore, they make 114% more than the mean earnings of the Credit Intermediation industry ($71,620).

Financial Managers are typically paid well, since their mean salary is almost two times above the average pay in the United States ($58,260).

Financial Managers job growth

In 2021, there have been 27,990 more Financial Manager job opportunities than the previous year across the nation, and that shows an increase of 4.3%. Job growth has averaged 3.9% over the past 3 years.

Engineer job description

Alternative names: Engineers, All Other

Engineers all engineers not listed separately.

Engineer average salary

As reported by the US Bureau of Labor Statistics, in 2021, the number of Engineers employed in the United States was 151,940, and they earned an average of $107,800 per year. The bottom 10 percent had a salary of $58,730 or less, and the top 10 percent had a salary of $164,690 or more. The average salary has increased by 0.7% compared the previous year.

Do Engineers make good money?

Engineers are usually paid well, as their average salary is 85% higher than the average wage in the United States ($58,260). Moreover, they earn 18% more than the average wage of the Professional, Scientific, and Technical Services industry ($91,150).

Engineers are usually paid well, as their average salary is 85% higher than the average wage in the United States ($58,260).

FAQ

Do Financial Managers or Engineers make more?

Financial Managers earn 42% more than Engineers. Engineers average around $107,800 per year, while Financial Managers make $153,460 per year.