Financial Managers in Pennsylvania
Considering working as a Financial Managers in Pennsylvania? Here’s what the data says. Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Excludes “Financial Risk Specialists” (13-2054).
What do Financial Managers Make in Pennsylvania?
For financial managers working in Pennsylvania, wages run about $137,960 per year (or about $66.33/hour).
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $81,000 | $38.94 |
| 25th percentile | $104,870 | $50.42 |
| Median (50th) | $137,960 | $66.33 |
| 75th percentile | $181,610 | $87.31 |
| 90th percentile | n/a | n/a |
The location quotient — a measure of how concentrated this occupation is in Pennsylvania compared to the national average — is 0.99.
National Wage Comparison
Nationally, financial managers earn a median of $75,665 per year ($36.38/hour), exceeding the Pennsylvania median.
Employment Outlook
Nationally, total employment in this occupation is 133,707 financial managers nationwide. In Pennsylvania alone, around 31,750 people work in this role. That puts the state above the typical state, which employs around 7,950 financial managers.
Top Pennsylvania Metros for Financial Managers
The metro areas below employ the most financial managers in Pennsylvania.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 18,270 | $164,340 |
| Pittsburgh, PA | 5,980 | $134,740 |
| Harrisburg-Carlisle, PA | 1,650 | $130,630 |
| Allentown-Bethlehem-Easton, PA-NJ | 1,340 | $137,630 |
| Lancaster, PA | 1,060 | $130,100 |
| Scranton–Wilkes-Barre, PA | 790 | $123,280 |
| Reading, PA | 770 | $131,210 |
| York-Hanover, PA | 640 | $134,310 |
| Erie, PA | 460 | $109,120 |
| State College, PA | 300 | $117,000 |
| Altoona, PA | 230 | $106,290 |
| Johnstown, PA | 210 | $103,550 |
| Williamsport, PA | 200 | $108,620 |
| Chambersburg, PA | 190 | $116,340 |
| Lebanon, PA | 120 | $122,470 |
| Gettysburg, PA | 90 | $114,650 |
Top States for Financial Managers Employment
These states have the highest employment of financial managers work.
| State | Number Employed |
|---|---|
| California | 96,860 |
| Texas | 67,580 |
| New York | 67,510 |
| Illinois | 53,400 |
| Florida | 47,710 |
| New Jersey | 32,370 |
| Pennsylvania | 31,750 |
| Ohio | 27,920 |
| Massachusetts | 27,690 |
| Georgia | 22,720 |
| North Carolina | 21,170 |
| Virginia | 20,590 |
| Connecticut | 20,200 |
| Maryland | 19,920 |
| Michigan | 19,690 |
| Tennessee | 18,650 |
| Minnesota | 16,520 |
| Arizona | 14,570 |
| Washington | 13,890 |
| Wisconsin | 13,750 |
Highest-Paying States for Financial Managers
Where financial managers earn the most: financial managers.
| State | Annual Median Salary |
|---|---|
| New York | $215,740 |
| New Jersey | $188,750 |
| District of Columbia | $181,210 |
| Massachusetts | $181,170 |
| Delaware | $180,050 |
| California | $174,920 |
| Colorado | $174,840 |
| Washington | $171,300 |
| Virginia | $170,290 |
| Connecticut | $169,730 |
Skills
Key financial managers skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Top abilities for financial managers, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, financial managers typically:
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Oversee the flow of cash or financial instruments.
- Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
- Recruit staff members.
- Evaluate data pertaining to costs to plan budgets.
- Oversee training programs.
- Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
- Communicate with stockholders or other investors to provide information or to raise capital.
- Develop or analyze information to assess the current or future financial status of firms.
- Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
- Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
- Examine, evaluate, or process loan applications.
Work Activities
- Working with Computers
- Establishing and Maintaining Interpersonal Relationships
- Communicating with Supervisors, Peers, or Subordinates
- Processing Information
- Getting Information
- Evaluating Information to Determine Compliance with Standards
- Making Decisions and Solving Problems
- Coaching and Developing Others
- Guiding, Directing, and Motivating Subordinates
- Organizing, Planning, and Prioritizing Work
- Coordinating the Work and Activities of Others
- Analyzing Data or Information
Tools & Technology
Technologies frequently used: Hot technologies: Adobe Acrobat, Alteryx software, IBM SPSS Statistics, Intuit QuickBooks In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Related college programs include:
- Finance & Financial Management
- Accounting
- Business Administration & Management
- Data Analytics
- Accounting & Computer Science
Featured schools near , edit
Related Careers
Other careers like financial managers include:
- Treasurers and Controllers
- Investment Fund Managers
- Management Analysts
- Accountants and Auditors
- Budget Analysts
- Credit Analysts
Also Known As
ATM Manager (Automated Teller Machine Manager), Accountant Supervisor, Accounting Director, Accounting Manager, Accounting Supervisor, Accounts Manager, Accounts Payable Manager, Accounts Supervisor, Actuarial Manager, Asset Manager, Auditing Manager, Auditor Supervisor, Auto Finance Manager (Automotive Finance Manager), Bank Branch Manager, Bank Manager.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 11-3031.00
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