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Financial Managers Salary in Michigan
Last updated: 2025 BLS data · Page refreshed:
How much do Financial Managers make in Michigan?
Last updated: 2025 data from the Bureau of Labor Statistics
$139,370
Median Annual Salary
▲
+3.0% vs 2024
$158,110
Mean Salary
$139,370
Median Salary
$67.00
Hourly Rate
22,490 people work as Financial Managers in Michigan
Financial Managers salary by percentile in Michigan
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Financial Managers in Michigan earn a median salary of $139,370 per year ($11,614/month).
This is 7.5% below the national average of $150,742.
Michigan ranks #32 out of 51 states for Financial Managers pay.
Approximately 22,490 people work in this occupation across Michigan.
Salaries increased by 3.0% compared to 2024.
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)
Salaries for Financial Managers in Michigan range from $80,280 at the 10th percentile (entry level) to $258,480 at the 90th percentile (experienced). The middle 50% earn between $105,490 and $182,120.
The median annual salary for Financial Managers in Michigan is $139,370 as of 2025. The average (mean) salary is $158,110.
What is the salary range for a Financial Managers in Michigan?
Salaries for Financial Managers in Michigan range from $80,280 at the 10th percentile to $258,480 at the 90th percentile. The middle 50% earn between $105,490 and $182,120.
What is the starting salary for a Financial Managers in Michigan?
Entry-level Financial Managers positions in Michigan typically start around $80,280 (10th percentile). With some experience, salaries rise to $105,490 (25th percentile).
How many people work as Financial Managers in Michigan?
According to 2025 BLS data, approximately 22,490 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 $67.00 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 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.
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