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Financial Managers in Minnesota

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Financial Managers in Minnesota

Get the information you need to know about working as a Financial Manager.

16.8% Jobs Projection
$121,210 Median Salary
1,470 Job Openings

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

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

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

How Many Financial Managers Work in Minnesota?

In Minnesota, there were 15,610 people working as Financial Managers in the year 2018.

There were 14,680 Financial Managers employed in this state in 2017.

That’s growth of 930 jobs between 2017 and 2018.

Financial Managers in MN Employment Trend

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

Financial Managers in MN vs. the Average State

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%.

Job Projections for Financial Managers: Nation vs. MN

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.

In 2017 the median pay for this field was $57.57 an hour.

The hourly rate grew by $0.70.

The median salary in Minnesota is higher than the nationwide median salary.

Financial Managers Earnings: MN vs. National Average

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

View the list below to see 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

More about our data sources and methodologies.

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