Financial Manager Salary in Indiana
Based on 13K+ workers in Indiana
Median Annual Salary (IN)
$135,840
$65.31/hr
vs National Average
$150,742
-9.9% vs national median
Salary Range (10th–90th)
$81K – $235K
13K employed in Indiana
Financial Manager salary in Indiana averages $135,840 per year, with approximately 12,560 professionals currently employed in the state. This median figure sits about 10% below the national average, reflecting regional economic differences. The salary range spans from $80,610 for entry-level positions to $234,710 for experienced professionals at top-earning levels.
Several factors influence Financial Manager salary in Indiana, including years of experience, industry sector, company size, and educational credentials. Professionals working in larger corporations or specialized finance sectors typically earn more than those in smaller organizations or public institutions. Geographic location within Indiana, specific certifications like CPA or CFA, and demonstrated expertise in areas such as investments or risk management also play significant roles in determining compensation.
Salary Distribution — Financial Manager in Indiana
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $80,610 |
| 25th percentile | $101,970 |
| Median (50th percentile) | $135,840 |
| 75th percentile | $183,130 |
| 90th percentile | $234,710 |
Top-Paying Industries for Financial Manager (U.S.)
Which industries pay Financial Managers the most — nationwide figures (industry-level data is not available by state). Financial Managers in Indiana tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Information | $205,070 | 24K |
| Mining, Quarrying, and Oil and Gas Extraction | $193,560 | 4K |
| Utilities | $175,360 | 5K |
| Professional, Scientific, and Technical Services | $174,170 | 123K |
| Management of Companies and Enterprises | $172,340 | 94K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Financial Manager in Indiana vs National
| Year | Median Salary (Indiana) |
|---|---|
| 2022 | $119,460 |
| 2023 | $125,280 |
| 2024 | $132,320 |
| 2025 | $135,840 |
| 2026 (projected) | $139,454 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Indiana Median | National Median |
|---|---|---|
| 2022 | $119,460 | $131,705 |
| 2023 | $125,280 | $138,788 |
| 2024 | $132,320 | $144,016 |
| 2025 | $135,840 | $150,742 |
| 2026 (projected) | $139,454 | $154,752 |
Financial Manager Salary by Experience Level in Indiana
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $101,970 |
| Mid-level | 3-5 yrs | $135,840 |
| Senior | 6-9 yrs | $183,130 |
| Staff / Lead | 10+ yrs | $234,710 |
Financial Manager Salary in Other States
Related Financial Manager Salaries in Indiana
How other high-demand occupations in Indiana compare to Financial Manager ($135,840 median).
| Occupation | Median Salary | vs Financial Manager | Hourly |
|---|---|---|---|
| Actuary in IN | $100,690 | -25.9% | $48.41/hr |
| Tax Examiner in IN | $92,410 | -32.0% | $44.43/hr |
| Personal Financial Advisor in IN | $87,710 | -35.4% | $42.17/hr |
| Budget Analyst in IN | $82,080 | -39.6% | $39.46/hr |
| Financial Analyst in IN | $81,760 | -39.8% | $39.31/hr |
| Financial Examiner in IN | $81,300 | -40.2% | $39.09/hr |
| Economist in IN | $80,750 | -40.6% | $38.82/hr |
| Compliance Officer in IN | $78,770 | -42.0% | $37.87/hr |
| Accountant in IN | $77,720 | -42.8% | $37.37/hr |
| Loan Officer in IN | $72,960 | -46.3% | $35.08/hr |
| Securities Sales Agent in IN | $68,290 | -49.7% | $32.83/hr |
| Credit Analyst in IN | $62,660 | -53.9% | $30.13/hr |
Frequently Asked Questions
How much do financial managers make in Indiana?
- The median salary for financial managers in Indiana is $135,840 per year, or $65 per hour. This is approximately 9.9% below the national average for this position.
What is the salary range for financial managers in Indiana?
- Financial managers in Indiana earn between $80,610 and $234,710 annually, depending on experience, employer, and specific job responsibilities.
How many financial managers work in Indiana?
- There are currently 12,560 financial managers employed in Indiana, representing a significant portion of the state's finance workforce.
Is Indiana's financial manager salary lower than the national average?
- Yes, Indiana's median financial manager salary of $135,840 is 9.9% below the national average, making it a relatively lower-paying state for this profession.