Financial Manager Salary in Minnesota
Based on 17K+ workers in Minnesota
Median Annual Salary (MN)
$163,410
$78.56/hr
vs National Average
$150,742
+8.4% vs national median
Salary Range (10th–90th)
$99K – $278K
17K employed in Minnesota
Financial Manager salary in Minnesota averages $163,410 annually, positioning the state as an attractive market for finance professionals. With approximately 16,680 financial managers employed across Minnesota, the state offers competitive compensation that runs 8% above the national average, reflecting strong demand for experienced financial leadership.
Several factors influence Financial Manager salary in Minnesota, including company size, industry sector, and years of experience. Larger corporations and financial institutions typically offer higher compensation packages, while geographic location within the state and specialized certifications can also impact earning potential. Economic conditions and regional business growth further shape salary opportunities for professionals in this field.
Salary Distribution — Financial Manager in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $99,250 |
| 25th percentile | $126,580 |
| Median (50th percentile) | $163,410 |
| 75th percentile | $212,250 |
| 90th percentile | $277,680 |
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 Minnesota 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 Minnesota vs National
| Year | Median Salary (Minnesota) |
|---|---|
| 2022 | $133,040 |
| 2023 | $151,000 |
| 2024 | $158,040 |
| 2025 | $163,410 |
| 2026 (projected) | $168,962 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Minnesota Median | National Median |
|---|---|---|
| 2022 | $133,040 | $131,705 |
| 2023 | $151,000 | $138,788 |
| 2024 | $158,040 | $144,016 |
| 2025 | $163,410 | $150,742 |
| 2026 (projected) | $168,962 | $155,864 |
Financial Manager Salary by Experience Level in Minnesota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $126,580 |
| Mid-level | 3-5 yrs | $163,410 |
| Senior | 6-9 yrs | $212,250 |
| Staff / Lead | 10+ yrs | $277,680 |
Financial Manager Salary in Other States
Related Financial Manager Salaries in Minnesota
How other high-demand occupations in Minnesota compare to Financial Manager ($163,410 median).
| Occupation | Median Salary | vs Financial Manager | Hourly |
|---|---|---|---|
| Actuary in MN | $128,100 | -21.6% | $61.59/hr |
| Economist in MN | $105,120 | -35.7% | $50.54/hr |
| Financial Examiner in MN | $104,260 | -36.2% | $50.13/hr |
| Financial Analyst in MN | $102,990 | -37.0% | $49.51/hr |
| Personal Financial Advisor in MN | $102,660 | -37.2% | $49.36/hr |
| Loan Officer in MN | $95,170 | -41.8% | $45.75/hr |
| Budget Analyst in MN | $85,970 | -47.4% | $41.33/hr |
| Compliance Officer in MN | $85,920 | -47.4% | $41.31/hr |
| Securities Sales Agent in MN | $83,350 | -49.0% | $40.07/hr |
| Tax Examiner in MN | $83,280 | -49.0% | $40.04/hr |
| Credit Analyst in MN | $82,630 | -49.4% | $39.73/hr |
| Accountant in MN | $81,600 | -50.1% | $39.23/hr |
Frequently Asked Questions
How much do financial managers make in Minnesota?
- Financial managers in Minnesota earn a median salary of $163,410 per year, or approximately $79 per hour. This is 8.4% higher than the national average for this position.
What is the salary range for financial managers in Minnesota?
- Financial manager salaries in Minnesota range from $99,250 at the lower end to $277,680 at the higher end, depending on experience, employer, and specific role responsibilities.
Is financial manager a good paying job in Minnesota compared to the US?
- Yes, financial managers in Minnesota are paid better than the national average, earning 8.4% more than their counterparts across the United States, with a median salary of $163,410 annually.
How many financial managers work in Minnesota?
- There are approximately 16,680 financial managers currently employed in Minnesota, indicating a substantial job market for this profession in the state.