Occupational Employment Statistics

Occupational Employment and Wages, November 2003

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)
509,690 0.8 % $42.54 $88,470 0.4 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $20.22 $27.38 $38.02 $52.20 (5)
Annual Wage (2) $42,060 $56,960 $79,090 $108,570 (5)

Industry profile for this occupation: Top

Industries with the highest levels of employment in this occupation:

Industry Employment Hourly mean wage Annual mean wage
Depository credit intermediation 81,230 $36.08 $75,040
Management of companies and enterprises 36,380 $50.60 $105,240
Nondepository credit intermediation 20,160 $46.62 $96,970
Local government (OES designation) 16,660 $32.50 $67,610
Insurance carriers 13,920 $49.28 $102,500

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage
Other financial investment activities 9,490 $63.00 $131,040
Securities and commodity exchanges 620 $62.36 $129,710
Securities and commodity contracts brokerage 13,840 $61.04 $126,970
Oil and gas extraction 1,870 $59.78 $124,340
Other information services 180 $55.02 $114,440

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
District of Columbia 4,770 $42.91 $89,250 0.801%
Massachusetts 21,570 $45.30 $94,230 0.689%
Connecticut 10,130 $53.42 $111,120 0.621%
Pennsylvania 30,890 $35.69 $74,230 0.562%
Maryland 12,690 $38.20 $79,450 0.518%

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
New York 41,860 $59.21 $123,160 0.508%
Connecticut 10,130 $53.42 $111,120 0.621%
Minnesota 10,150 $49.94 $103,880 0.392%
California 58,290 $48.17 $100,200 0.403%
New Jersey 19,530 $47.72 $99,260 0.504%

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 2,280 $70.96 $147,600 1.145%
Boston, MA-NH PMSA 15,100 $48.17 $100,200 0.795%
Lowell, MA-NH PMSA 930 $40.86 $84,990 0.761%
New York, NY PMSA 28,220 $64.67 $134,520 0.715%
Nashua, NH PMSA 660 $39.71 $82,600 0.705%

Top paying Metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Stamford-Norwalk, CT PMSA 2,280 $70.96 $147,600 1.145%
New York, NY PMSA 28,220 $64.67 $134,520 0.715%
San Jose, CA PMSA 4,930 $56.11 $116,700 0.577%
San Francisco, CA PMSA 6,480 $55.57 $115,590 0.673%
Nassau-Suffolk, NY PMSA 4,080 $54.37 $113,090 0.344%

About November 2003 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

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) Estimates for detailed occupations do not sum to the totals because the totals include 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.

(5) This percentile wage is equal to or greater than $70.00 per hour or $145,600 per year.

All Management Occupations

November 2003 National Occupational Employment and Wage Estimates

November 2003 State Occupational Employment and Wage Estimates

November 2003 Metropolitan Area Occupational Employment and Wage Estimates

November 2003 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download November 2003 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

Last Modified Date: April 19, 2005

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