Financial Manager Salary in Maryland
Based on 20K+ workers in Maryland
Median Annual Salary (MD)
$158,750
$76.32/hr
vs National Average
$150,742
+5.3% vs national median
Salary Range (10th–90th)
$84K – $290K
20K employed in Maryland
Financial Manager salary in Maryland averages $158,750 per year, placing the state 5% above the national average. With approximately 19,770 financial managers employed across Maryland, the field offers solid career prospects in the region. Salaries range from $84,030 to $290,190 depending on experience and circumstances.
Several factors influence financial manager compensation in Maryland. Experience level, professional certifications like CPA or CFA, and employer size significantly impact earning potential. Industry sector, company location within the state, and individual educational background also play important roles in determining where professionals fall within Maryland's salary range.
Salary Distribution — Financial Manager in Maryland
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $84,030 |
| 25th percentile | $117,640 |
| Median (50th percentile) | $158,750 |
| 75th percentile | $209,550 |
| 90th percentile | $290,190 |
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 Maryland 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 Maryland vs National
| Year | Median Salary (Maryland) |
|---|---|
| 2022 | $143,060 |
| 2023 | $146,860 |
| 2024 | $157,350 |
| 2025 | $158,750 |
| 2026 (projected) | $160,162 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Maryland Median | National Median |
|---|---|---|
| 2022 | $143,060 | $131,705 |
| 2023 | $146,860 | $138,788 |
| 2024 | $157,350 | $144,016 |
| 2025 | $158,750 | $150,742 |
| 2026 (projected) | $160,162 | $152,083 |
Financial Manager Salary by Experience Level in Maryland
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $117,640 |
| Mid-level | 3-5 yrs | $158,750 |
| Senior | 6-9 yrs | $209,550 |
| Staff / Lead | 10+ yrs | $290,190 |
Financial Manager Salary in Other States
Related Financial Manager Salaries in Maryland
How other high-demand occupations in Maryland compare to Financial Manager ($158,750 median).
| Occupation | Median Salary | vs Financial Manager | Hourly |
|---|---|---|---|
| Economist in MD | $144,680 | -8.9% | $69.56/hr |
| Actuary in MD | $126,950 | -20.0% | $61.03/hr |
| Budget Analyst in MD | $106,020 | -33.2% | $50.97/hr |
| Financial Examiner in MD | $102,980 | -35.1% | $49.51/hr |
| Tax Examiner in MD | $101,400 | -36.1% | $48.75/hr |
| Financial Analyst in MD | $100,370 | -36.8% | $48.25/hr |
| Personal Financial Advisor in MD | $99,880 | -37.1% | $48.02/hr |
| Accountant in MD | $89,370 | -43.7% | $42.97/hr |
| Compliance Officer in MD | $84,720 | -46.6% | $40.73/hr |
| Credit Analyst in MD | $75,390 | -52.5% | $36.25/hr |
| Loan Officer in MD | $73,580 | -53.7% | $35.38/hr |
| Securities Sales Agent in MD | $61,660 | -61.2% | $29.64/hr |
Frequently Asked Questions
How much do financial managers make in Maryland?
- The median salary for financial managers in Maryland is $158,750 per year, or $76 per hour. This is 5.3% higher than the national average, making Maryland a competitive state for this role.
What is the salary range for financial managers in Maryland?
- Financial manager salaries in Maryland range from $84,030 at the lower end to $290,190 at the upper end. This wide range reflects differences in experience, education, and employer size.
Is Maryland a good state for financial manager jobs?
- Yes, Maryland offers strong compensation for financial managers with a median salary of $158,750 annually, which exceeds the national average by 5.3%. The state also employs 19,770 financial managers, indicating substantial job opportunities in the field.
How many financial managers work in Maryland?
- There are currently 19,770 financial managers employed in Maryland. This substantial workforce demonstrates a robust job market for professionals in this field across the state.