Occupational Employment Statistics

Occupational Employment and Wages, 2002

11-3031 Financial Managers

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

National estimates for this occupation
Industry profile for this occupation
State profile for this occupation
Metropolitan area profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
563,020 0.9 % $39.94 $83,080 0.5 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $18.81 $25.23 $35.26 $48.39 $68.39
Annual Wage (2) $39,120 $52,490 $73,340 $100,660 $142,260

Industry profile for this occupation: Top

Industries with the highest levels of employment in this occupation:

Industry Employment Hourly mean wage Annual mean wage Employment rank Wage rank
Depository credit intermediation 80,110 $34.08 $70,890 1 214
Management of companies and enterprises 35,960 $47.80 $99,420 2 16
Nondepository credit intermediation 22,850 $42.80 $89,030 3 57
Securities and commodity contracts brokerage 18,180 $62.30 $129,590 4 2
Local government (OES designation) 16,990 $30.95 $64,370 5 253

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage Employment rank Wage rank
Other financial investment activities 12,280 $62.89 $130,810 8 1
Securities and commodity contracts brokerage 18,180 $62.30 $129,590 4 2
Securities and commodity exchanges 660 $60.63 $126,120 139 3
Oil and gas extraction 1,620 $52.25 $108,690 70 4
Department stores 380 $51.83 $107,810 189 5

State profile for this occupation: Top

States with the highest concentration of workers in this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment Wage rank within State
District of Columbia 5,340 $40.53 $84,310 0.897% 25
Massachusetts 26,250 $45.84 $95,340 0.820% 23
Connecticut 10,330 $50.22 $104,470 0.629% 18
Maryland 14,720 $35.96 $74,790 0.606% 42
Pennsylvania 32,200 $32.95 $68,540 0.584% 39

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment Wage rank within State
New York 46,520 $56.33 $117,170 0.561% 14
Connecticut 10,330 $50.22 $104,470 0.629% 18
Minnesota 9,350 $46.64 $97,000 0.359% 19
New Jersey 20,650 $46.63 $96,990 0.535% 21
Massachusetts 26,250 $45.84 $95,340 0.820% 23

Metropolitan area profile for this occupation: Top

Metropolitan areas with the highest concentration of workers in this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Stamford-Norwalk, CT PMSA 2,200 $64.60 $134,370 1.100%
Boston, MA-NH PMSA 19,360 $49.59 $103,150 1.015%
Des Moines, IA MSA 2,260 $38.76 $80,610 0.804%
New York, NY PMSA 32,080 $61.39 $127,690 0.803%
Nashua, NH PMSA 670 $37.90 $78,830 0.744%

Top paying Metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Stamford-Norwalk, CT PMSA 2,200 $64.60 $134,370 1.100%
New York, NY PMSA 32,080 $61.39 $127,690 0.803%
San Francisco, CA PMSA 6,980 $53.71 $111,710 0.700%
San Jose, CA PMSA 5,170 $51.94 $108,030 0.579%
Nassau-Suffolk, NY PMSA 4,020 $51.63 $107,400 0.338%

About 2002 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

To see profiles of other occupations, select from the major groups below:

These estimates are calculated with data collected from employers in all industry sectors in metropolitan and non-metropolitan areas in every State and the District of Columbia. The top five employment and wage figures are provided above. The complete list is available in the downloadable Excel files(XLS).

Percentile wage estimates show the percentage of workers in an occupation that earn less than a given wage and the percentage that earn more. The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Data for detailed occupations does not sum to the totals because the totals include data for occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

All Management Occupations

2002 State Occupational Employment and Wage Estimates

2002 Metropolitan Area Occupational Employment and Wage Estimates

2002 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download 2002 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

Last Modified Date: November 26, 2003

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