Financial Managers vs Financial Analysts salary

The US Bureau of Labor Statistics has reported that Financial Managers have an average annual salary of $153,460, whereas Financial Analysts earn an average of $103,020 annually. This indicates that Financial Managers earn significantly more than Financial Analysts.

However, it's important to keep in mind that the salary of an employee can be influenced by factors such as location and experience. In particular, Financial Managers working in New York (with a wage of $206,990 on average) may have higher salaries than those in Mississippi ($100,600). To provide another instance, Financial Analysts in New York have an average pay that is 84% higher compared to those in Utah.

Financial Managers vs Financial Analysts overview

Financial Managers and Financial Analysts are crucial to the Professional, Scientific, and Technical Services industry. People are often interested in learning about the distinctions between these job titles, 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 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%). In terms of experience, 42% of Financial Manager occupations require a 4 to 6 years of previous experience working in the field. A smaller portion of roles (22%) require a previous experience of 1 to 2 years.

Financial Manager average salary

Based on data from the US Bureau of Labor Statistics, 681,070 Financial Managers were employed by the United States in 2021, and their average annual wage was $153,460. The lowest earning 10 percent made $77,040 or less, and the highest earning 10 percent made $208,000 or more per year. Compared to the previous year, the mean salary has increased by 1.3%.

Do Financial Managers make good money?

Financial Managers typically make good salaries, 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 salary of the Credit Intermediation industry ($71,620).

Financial Managers typically make good salaries, 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%. The average job growth rate for the past 3 years has been 3.9%.

Financial Analyst job description

Alternative names: Financial and Investment Analysts

Financial Analysts conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

Financial Analyst average salary

According to the US Bureau of Labor Statistics, there were 291,880 Financial Analysts employed in the United States in 2021, and they earned an average annual income of $103,020. The bottom 10 percent earned $57,900 or less, and the top 10 percent earned $166,560 or more.

Do Financial Analysts make good money?

The mean salary of Financial Analysts is 77% above the average pay in the United States ($58,260). However, they make 13% less than the mean salary of the Securities and Financial Investments industry ($119,040).

The mean salary of Financial Analysts is 77% above the average pay in the United States ($58,260).

FAQ

Do Financial Managers or Financial Analysts make more?

Financial Managers make about a half more than Financial Analysts. Financial Analysts average around $103,020 per year, while Financial Managers make $153,460 per year.