Financial Managers in Michigan
Is Michigan a good place for you to work as a Financial Manager?
You’re in luck! Jobs for Financial Managers in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Financial Managers in Michigan is growing faster than average.
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Financial Managers in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Financial Managers Work in Michigan?
In 2018, there were 14,760 Financial Managers working in the state.
There were 14,790 Financial Managers employed in this state in 2017.
That’s a decline of 30 jobs between 2017 and 2018.
The typical state has 6,900 Financial Managers working in it, which means Michigan has more Financial Managers than average.
Job Projections for Michigan
Jobs for Financial Managers in this state are growing at a rate of 18.4% which is slower than the nationwide estimated projection of 18.7%.
Michigan Annual Job Openings
The BLS estimates 1,460 annual job openings, and a total of 17,790 jobs for Michigan Financial Managers in 2026.
Nationwide, the prediction is 56,900 annual jobs and 689,000 total jobs in 2026.
What do Financial Managers Make in Michigan?
In 2018 wages for Financial Managers ranged from $68,980 to $201,430 with $116,300 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $33.16 to $96.84. The median hourly rate was $55.91.
In 2017 the median pay for this field was $53.39 an hour.
The hourly rate grew by $2.52.
The median salary in Michigan is higher than the nationwide median salary.
Top Michigan 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 |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 7,620 | $126,380 |
| Grand Rapids-Wyoming, MI | 1,880 | $111,520 |
| Lansing-East Lansing, MI | 810 | $99,160 |
| Ann Arbor, MI | 690 | $122,430 |
| South Bend-Mishawaka, IN-MI | 420 | $94,710 |
| Flint, MI | 410 | $94,590 |
| Kalamazoo-Portage, MI | 370 | $100,440 |
| Saginaw, MI | 220 | $97,110 |
| Midland, MI | 210 | n/a |
| Jackson, MI | 180 | $112,970 |
| Battle Creek, MI | 180 | $123,640 |
| Niles-Benton Harbor, MI | 180 | $110,730 |
| Muskegon, MI | 180 | $101,480 |
| Monroe, MI | 80 | $116,400 |
| Bay City, MI | 70 | $97,230 |
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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