Financial Managers in Minnesota
Is Minnesota a good place for you to work as a Financial Manager?
You’re in luck! Jobs for Financial Managers in Minnesota are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Financial Managers in Minnesota is growing faster than average.
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Financial Managers in Minnesota earn higher salaries than the typical U.S. wage earner.
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How Many Financial Managers Work in Minnesota?
In 2018, there were 15,610 Financial Managers working in the state.
There were 14,680 Financial Managers employed in this state in 2017.
That’s growth of 930 jobs between 2017 and 2018.
The typical state has 6,900 Financial Managers working in it, which means Minnesota has more Financial Managers than average.
Job Projections for Minnesota
Jobs for Financial Managers in this state are growing at a rate of 16.8% which is slower than the nationwide estimated projection of 18.7%.
Minnesota Annual Job Openings
The BLS estimates there will be 1,470 annual job openings, and 17,950 total jobs in 2026 for Financial Managers in this state.
Nationwide, the prediction is 56,900 annual jobs and 689,000 total jobs in 2026.
What do Financial Managers Make in Minnesota?
In 2018 wages for Financial Managers ranged from $71,110 to $207,870 with $121,210 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $34.19 to $99.94. The median hourly rate was $58.27.
Workers in this field were paid a median of $57.57 an hour in 2017.
The hourly rate grew by $0.70.
The median salary in Minnesota is higher than the nationwide median salary.
Top Minnesota Metros for Financial Managers
The table below shows some of the metros in this state with the most Financial Managers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 12,450 | $128,030 |
| Fargo, ND-MN | 620 | $116,670 |
| Duluth, MN-WI | 430 | $92,730 |
| St. Cloud, MN | 390 | $85,020 |
| Rochester, MN | 300 | $101,480 |
| Mankato-North Mankato, MN | 180 | $100,420 |
| Grand Forks, ND-MN | 160 | $107,770 |
| La Crosse-Onalaska, WI-MN | 140 | $118,840 |
Top States for Financial Managers Employment
The table below shows the states where most Financial Managers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 81,350 | $139,240 |
| New York | 42,460 | $194,820 |
| Illinois | 40,040 | $126,020 |
| Texas | 39,580 | $129,320 |
| Massachusetts | 33,880 | $130,180 |
| Florida | 29,050 | $114,190 |
| New Jersey | 21,340 | $157,490 |
| Ohio | 19,980 | $118,100 |
| Georgia | 17,840 | $127,830 |
| Pennsylvania | 17,730 | $138,980 |
| Tennessee | 15,870 | $95,970 |
| Connecticut | 15,750 | $144,500 |
| North Carolina | 15,730 | $131,610 |
| Minnesota | 15,610 | $121,210 |
| Virginia | 15,180 | $147,710 |
| Michigan | 14,760 | $116,300 |
| Washington | 13,010 | $123,430 |
| Maryland | 12,550 | $137,820 |
| Arizona | 11,400 | $103,910 |
| Iowa | 8,630 | $100,280 |
Below are the states where Financial Managers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $194,820 |
| New Jersey | $157,490 |
| Delaware | $152,180 |
| District of Columbia | $150,550 |
| Virginia | $147,710 |
| Colorado | $146,000 |
| Connecticut | $144,500 |
| California | $139,240 |
| Pennsylvania | $138,980 |
| Maryland | $137,820 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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