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Financial Manager

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AVG. SALARY

$149,720

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EDUCATION

Bachelor's degree or higher +

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JOB OUTLOOK

Increasing

Money & Outlook

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North Dakota Earnings

Average Annual Wage

$149,720

Entry Annual Wage

$80,660

Experienced Annual Wage

$236,810

Average Hourly Wage

$71.98

Entry Hourly Wage

$38.78

Experienced Hourly Wage

$113.85

Median Hourly Wage

$61.33

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $152,040 or $73.10/hr $84,570 or $40.66/hr $239,200 or $115.00/hr
Fargo ND-MN MSA $160,600 or $77.21/hr $89,160 or $42.87/hr $239,200 or $115.00/hr
Grand Forks ND-MN MSA $144,870 or $69.65/hr $84,260 or $40.51/hr $234,890 or $112.93/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
East North Dakota nonmetropolitan area $125,510 or $60.34/hr $64,120 or $30.83/hr $206,540 or $99.30/hr
West North Dakota nonmetropolitan area $135,010 or $64.91/hr $69,880 or $33.60/hr $227,250 or $109.26/hr

North Dakota's Employment and Outlook (State-wide)

Outlook Increasing
Growth rate is estimated to be 23%
Job Openings 173 estimated annual job openings
Employment 1,785 were employed in this occupation
Industries Large concentrations of this occupation are found in these industries
  • Elementary and Secondary Schools (NAICS611100) (7.12%)
  • Nondepository credit intermediation (NAICS522200) (3.42%)
  • Insurance carriers (NAICS524100) (2.59%)
  • General Medical and Surgical Hospitals (NAICS622100) (2.59%)
  • Colleges, Universities, and Professional Schools (NAICS611300) (2.22%)

North Dakota's Regional Employment and Outlook

Regions with increasing outlook (over 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 94 21% 2 7 9
Region 5 657 29% 19 50 69
Region 7 422 21% 9 31 40

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 2 150 19% 3 11 14
Region 3 62 13% 1 5 6
Region 4 177 18% 3 13 16
Region 6 97 12% 1 7 8
Region 8 77 17% 1 5 6

National Earnings

Average Annual Wage

$174,820

Average Hourly Wage

$84.05

Average Annual Range

$82,870 to $239,200

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2022 to 2032 is estimated to be +16%.
(The National average for all occupations is +3%)
Job Openings very small number
  A total of 6960 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment large occupation
  This was a large occupation in the United States, employing 792,600 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Much faster than average growth
  Services provided by financial managers, such as planning, directing, and coordinating investments, are likely to stay in demand as the economy grows. In addition, several specialties within financial management, particularly cash management and risk management, are expected to be in high demand over the next decade. 
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (30.3%)
  • Credit intermediation and related activities (NAICS522000) (16%)
  • Professional, scientific, and technical services (NAICS540000) (13.9%)
  • Management of companies and enterprises (NAICS550000) (9.8%)
  • Management of companies and enterprises (NAICS551000) (9.8%)
  • Insurance carriers and related activities (NAICS524000) (7.4%)
  • Accounting, tax preparation, bookkeeping, and payroll services (NAICS541200) (6.5%)
  • Securities, commodity contracts, and other financial investments and related activities (NAICS523000) (6.5%)

Contact

  • Email Support
  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900
  • North Dakota Career Resource Network
    ndcrn@nd.gov | (701) 328-9733

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