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Updated November 11, 2024

Financial Managers Salaries

Michigan, US

Average Base Pay

$116,300/yr

55.91% above national average

Additional Cash Compensation

Average: $116,300


Range: $68,980-$201,430

 

How much does a Financial Managers role make in Michigan, US?

Career Ladder Pay for Financial Managers Roles

A person in an entry-level Financial Managers role with under one year of job experience can expect to make an average annual salary of $68,980. A Financial Managers candidate with 1-4 years of experience makes an average total salary of $87,500. A person in a mid-career Financial Managers role with 5-9 years of experience makes an average salary of $116,300 a year. Financial Managers with 10 or more years of experience make an average of $153,370. In their late career (over 20 years of experience), a person in a Financial Managers role’s annual salary averages $201,430 per year.

What is the average Financial Managers salary in Michigan, US?

Average base salary, as of 2024 : $116,300

Salary Breakdown

  Average base salary (percentile)
 25th50th75th
Annual salary$29,075$58,150$87,225
Monthly salary$2,423$4,846$7,269
Weekly salary$606$1,211$1,817
Hourly salary$87$173$260

Where can a Financial Managers role earn more money?

VS

Similar jobs with comparable annual salaries.

FREQUENTLY ASKED SALARY QUESTIONS

Will extra certification for Financial Managers roles boost salary?

While certifications are not required for every Financial Managers position, they can certainly increase your salary and lead to an easier recruitment process when applying to enterprises that favor candidates with additional certifications.

Is the Financial Managers position in high demand?

The current Bureau of Labor Statistics states the salary is $116,300 higher than the national average for Financial Managers positions.

Is there advancement potential for a Financial Managers role?

Yes, there is strong potential for promotion — either with an additional educational degree or with continued years of experience. There are a multitude of other positions Financial Managers roles that can advance both internally and with another company.

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