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Financial Managers in Michigan

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Financial Managers in Michigan

Is Michigan a good place for you to work as a Financial Manager?

18.4% Jobs Projection
$116,300 Median Salary
1,460 Job Openings

You’re in luck! Jobs for Financial Managers in Michigan are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Financial Managers in Michigan is growing faster than average.

  • Financial Managers in Michigan earn higher salaries than the typical U.S. wage earner.

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.

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The typical state has 6,900 Financial Managers working in it, which means Michigan has more Financial Managers than average.

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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%.

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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.

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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

What Major Will Prepare You For a Financial Manager Career?

References

More about our data sources and methodologies.

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