Michigan ranks 27th of 51 states and D.C. for financial managers pay, trailing top-paying New York ($215,740) by $80,450 — a 59% gap.
Michigan employs roughly 2.4% of all financial managers in the country (19,690 workers).
Salary Range: 10th to 90th Percentile
Full Percentile Breakdown
| Percentile | Annual Wage | Hourly Wage |
|---|---|---|
| 10th percentile (entry-level) | $79,650 | $38.29 |
| 25th percentile | $104,840 | $50.40 |
| 50th percentile (median) | $135,290 | $65.05 |
| 75th percentile | $175,180 | $84.22 |
| 90th percentile (top earners) | $239,130 | $114.97 |
| Mean (average) | $153,860 | $73.97 |
How Michigan Compares
| State | Median Annual | vs. Michigan |
|---|---|---|
| Michigan (current) | $135,290 | n/a |
| New York | $215,740 | +59% |
| New Jersey | $188,750 | +40% |
| District of Columbia | $181,210 | +34% |
| Massachusetts | $181,170 | +34% |
| Delaware | $180,050 | +33% |
| California | $174,920 | +29% |
| Colorado | $174,840 | +29% |
| Washington | $171,300 | +27% |
Showing top-paying states with available data. View all states →
Related Occupations in Michigan
| Occupation | Median Annual | Employment |
|---|---|---|
| Natural Sciences Managers | $135,180 | 1,700 |
| Marketing Managers | $135,610 | 6,220 |
| Pharmacists | $136,070 | 9,640 |
| Sales Managers | $136,480 | 16,690 |
| Managers, All Other | $133,040 | 8,900 |
| Purchasing Managers | $137,630 | 2,830 |
Frequently Asked Questions
What is the average Financial Managers salary in Michigan?
The mean financial managers salary in Michigan is $153,860 per year. The median (middle) salary is $135,290 per year.
What is the starting salary for a Financial Managers in Michigan?
Entry-level financial managerss (10th percentile) in Michigan typically earn around $79,650 per year. Workers at the 25th percentile earn approximately $104,840 per year.
What is the highest Financial Managers salary in Michigan?
Top earners (90th percentile) in this occupation in Michigan make approximately $239,130 per year. Those in the 75th percentile earn around $175,180 per year.
How does the Michigan Financial Managers salary compare to the national average?
The median financial managers salary in Michigan is $135,290, which is -16% below national average of $161,700.