Financial Managers Salary in Michigan

How much does a Financial Managers make in Michigan?

Last updated: 2024 data from the Bureau of Labor Statistics

$131,770
Median Annual Salary
$147,550
Mean Salary
$131,770
Median Salary
$63.35
Hourly Rate
19,970 people work as Financial Managers in Michigan

About This Job: Financial Managers

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

Top Skills

Reading Comprehension
4.12
Critical Thinking
4.12
Complex Problem Solving
4.12
Judgment and Decision Making
4.12
Active Listening
4.0

Key Knowledge Areas

Economics and Accounting
4.67
Customer and Personal Service
4.66
English Language
4.36
Mathematics
4.34
Administration and Management
4.33
Typical Education: Master's Degree (63.3% of workers)

Source: O*NET OnLine, U.S. Department of Labor

Salary Range: Financial Managers in Michigan

Salaries for Financial Managers in Michigan range from $75,930 at the 10th percentile (entry level) to $224,620 at the 90th percentile (experienced). The middle 50% earn between $100,850 and $169,860.

Median $131,770
P10: $75,930 P25: $100,850 P75: $169,860 P90: $224,620
10th
$75,930
25th
$100,850
Median
$131,770
75th
$169,860
90th
$224,620
Percentile Annual Salary Hourly Rate Monthly
10th Percentile (Entry Level) $75,930 $36.50 $6,327
25th Percentile $100,850 $48.49 $8,404
Median (50th) $131,770 $63.35 $10,980
75th Percentile $169,860 $81.66 $14,155
90th Percentile (Experienced) $224,620 $107.99 $18,718

Note: The mean (average) salary of $147,550 differs from the median because salary distributions are typically skewed by high earners.

🚀 What To Do Next

Some links may be affiliate links. See our Affiliate Disclosure.

What does this salary really buy? See Financial Managers salary in Michigan adjusted for cost of living →

How much do you actually take home? See Financial Managers take-home pay in Michigan after taxes →

Financial Managers Salary by State

Compare Financial Managers pay across states — sorted by highest median salary.

View all 50 states →

Frequently Asked Questions

How much does a Financial Managers make in Michigan?
The median annual salary for a Financial Managers in Michigan is $131,770 as of 2024. The average (mean) salary is $147,550.
What is the salary range for a Financial Managers in Michigan?
Salaries for Financial Managers in Michigan range from $75,930 at the 10th percentile to $224,620 at the 90th percentile. The middle 50%% earn between $100,850 and $169,860.
What is the starting salary for a Financial Managers in Michigan?
Entry-level Financial Managers positions in Michigan typically start around $75,930 (10th percentile). With some experience, salaries rise to $100,850 (25th percentile).
How many people work as Financial Managers in Michigan?
According to 2024 BLS data, approximately 19,970 people are employed as Financial Managers in Michigan.
What is the hourly rate for a Financial Managers in Michigan?
Based on a standard 2,080-hour work year, the median hourly rate for a Financial Managers in Michigan is approximately $63.35 per hour.

Data Source & Methodology

Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.

Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.

Our Methodology · Data Sources · Source: BLS OEWS

Explore More in Michigan

Related Analysis
Financial Managers Salary After-Tax Take-Home Pay Cost of Living Adjusted
Rankings
Highest Paying Jobs Jobs Over $100K Average Salary All Jobs in Michigan