Financial Managers vs Software Developers salary

As reported by the US Bureau of Labor Statistics, Financial Managers earn an average of $153,460 per year, while Software Developers earn an average of $120,990 per year. Therefore, the salary for Financial Managers is higher than that of Software Developers.

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 salary of $206,990 on average) may earn more than those in Mississippi ($100,600). To provide another instance, Software Developers in California have an average salary that is 76% higher than those in West Virginia.

Financial Managers vs Software Developers overview

Financial Managers and Software Developers are two important roles in the Professional, Scientific, and Technical Services industry. There is a common interest in understanding the differences between these job titles, as well as the average salaries for each.

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 this field also includes some employees who have 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 number 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 gone up by 1.3%.

Do Financial Managers make good money?

Financial Managers usually receive good salaries, since their mean salary is almost two times above the average wage in the United States ($58,260). Furthermore, they make 114% more than the mean earnings of the Credit Intermediation industry ($71,620).

Financial Managers usually receive good salaries, since their mean salary is almost two times above the average wage in the United States ($58,260).

Financial Managers job growth

In 2021, there have been 27,990 more Financial Manager positions than the previous year across the nation, and that marks a rise of 4.3%. Job growth has averaged 3.9% over the past 3 years.

Software Developer job description

Alternative names: Devops, Backend Developers, Computer Scientists

Software Developers research, design, and develop computer and network software or specialized utility programs. Analyze user needs and develop software solutions, applying principles and techniques of computer science, engineering, and mathematical analysis. Update software or enhance existing software capabilities. May work with computer hardware engineers to integrate hardware and software systems, and develop specifications and performance requirements. May maintain databases within an application area, working individually or coordinating database development as part of a team.

Software Developer average salary

The US Bureau of Labor Statistics has reported that in 2021, there were 1.36M Software Developers working in the United States, and on average, they earned $120,990 per year. The bottom 10 percent earned $64,470 or less, and the top 10 percent earned $168,570 or more.

Do Software Developers make good money?

Software Developers typically make good salaries, since their mean salary is 108% above the average pay in the United States ($58,260). Additionally, they make about a third more than the mean salary of the Professional, Scientific, and Technical Services industry ($91,150).

Software Developers typically make good salaries, since their mean salary is 108% above the average pay in the United States ($58,260).

FAQ

Do Financial Managers or Software Developers make more?

The average earnings of Financial Managers are about a quarter higher than those of Software Developers. On average, Software Developers make $120,990 per year, while Financial Managers make $153,460.