Finance Manager Salary Colorado
Finance Manager Salary Colorado – Kathleen Swed holds an MFA in fiction from the University of the Pacific, as well as degrees in music from the University of Maine and Ithaca College. He is the author of several scientific series called Ka…
Interested in a career as a financial controller? Read this guide to find out salary expectations, job prospects and the best places to work.
Finance Manager Salary Colorado
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According to PayScale, financial controllers earned a median annual salary of $85,710 as of September 2021. The Bureau of Labor Statistics (BLS) groups financial controllers with other types of financial managers. The BLS projects that employment in the financial management industry will grow by 17% between 2020 and 2030.
Financial controllers and auditors play similar roles, but there are key differences in their jobs. For example, auditors often work in government organizations.
The following sections discuss how experience and education affect the salary of financial controllers. Aspiring financial accountants should consider how location and industry can affect income potential
The BLS groups financial managers, including financial controllers, with management services. The BLS ranks management jobs as the highest paying jobs. The median annual salary for these professionals is $109,760.
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According to PayScale, financial controllers can be promoted to higher-level management roles such as chief financial officer. The website reports that as of September 2021, the average annual salary for financial officers was $137,110.
Financial controllers with higher education can increase their income. According to PayScale, financial controllers with a bachelor’s degree in finance earned a median annual salary of $85,260 by September 2021. This is in line with the overall average salary for the profession. For MBAs and finance, the financial controller salary rose to an average of $93,520 by September 2021.
Earning an MBA takes time and money. This investment may lead to a salary increase or promotion. Students also gain valuable experience. They can network with friends and students for job placement and professional support.
For MBAs and finance, the financial controller salary rose to an average of $93,520 by September 2021.
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Most finance and MBA programs operate online or in hybrid structures. Students often attend classes and continue to work for money and experience.
Experience plays a role in the salary potential of financial controllers. The longer financial controllers work in the field, the more money they earn.
As of September 2021, the median salary for a junior financial controller was $65,200 per year, according to PayScale. Early career professionals saw their salaries increase slightly. With five or more years of experience, the average rose to $84,910.
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Salaries for financial managers, including financial controllers, vary by location. Financial managers are often paid the highest salaries in areas that are in high demand. With a strong international reputation for business, New York tops the list of states with the highest salaries for financial managers.
Metropolitan areas such as New York and New Jersey may offer higher salaries, but aspiring financial planners should also consider the high cost of living in these areas.
Sometimes, places with a promising business environment may offer higher wages to attract talented employees. For example, US News & World Report ranked Colorado as one of the best states for the economy and jobs. The environment and business growth contribute to this rate. As you can see in the table below, Colorado ranks among the highest paying states for financial managers.
Because the BLS classifies financial controllers alongside financial managers, the data below shows the salary potential for all financial managers.
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The BLS projects that employment for all financial managers will increase 17% from 2020 to 2030. That’s 64,200 jobs a year.
This number far exceeded growth projections for all occupations nationwide. A growing international economy means that domestic businesses have to manage more complex financial transactions. Financial managers, including financial controllers, need to monitor their budgets.
Projections Central says most US states and territories will see growth in demand for financial managers between 2018 and 2028.
Job prospects for financial controllers and other financial managers vary by location. Still, Projections Central says most U.S. states and territories will see growth in demand for financial managers between 2018 and 2028. The project would cut finance director jobs only in Central Louisiana.
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The following sections explore the broad opportunities for financial controllers by industry and location. The maps contain information about the states that have the best views for financial managers.
When considering the professional perspective, readers should note that the BLS groups financial controllers with all types of financial managers.
Businesses need financial managers across the country, including financial controllers. While states with large metropolitan areas, such as California and New York, have the largest concentration of jobs, other areas have more fiscal controllers.
The Central Project provides a strong forecast for financial manager jobs in some states between 2018 and 2028. Utah, Nevada, and Colorado are among the states where demand will increase by 44.4%, 30.3%, and 30.1%, respectively. California, Texas and New York are expected to retain the largest number of new jobs. Still, emerging nations are adding jobs at a pace that exceeds national projections.
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Metropolitan areas employ significantly more financial managers than rural areas. According to the BLS, New York-Newark-Jersey, the most populous metro area, has 56,680 financial managers. Kansas is the non-metropolitan area with the most employment, with 1,040 financial managers.
Financial managers who want to work in rural areas might consider Northeast Ohio, Southeast Iowa, or West Central Illinois.
Financial controllers work for organizations in a variety of industries. Choosing a field can affect salary, advancement opportunities, and job description.
Financial managers earn an average annual salary of $206,050 when working in securities, commodity contracts and other financial investments and related activities. Other top industries include information services and monetary authorities.
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A financial controller’s choice is to decide what kind of work environment he prefers. Larger companies can provide more room for growth. These companies need more executive-level managers to oversee complex budgets and more employees. Small businesses can provide valuable experience and a variety of responsibilities, but there is often little room for advancement.
Financial controller salaries vary based on education, experience, location and industry. The BLS reports that New York pays the highest salaries for financial managers, including financial controllers.
According to PayScale, a junior financial controller with less than a year of experience earned a median annual salary of $65,200 as of September 2021. Those with 1-4 years of experience make an average of $71,700.
Most financial managers and financial controllers work full-time. PayScale reports that financial controllers earn an average salary of $28 an hour.
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According to the BLS, the top industries for financial controllers include credit brokerage and corporate and business administration. The industry that pays the most is securities, commodity contracts and other financial investments and related activities.
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According to the Bureau of Labor Statistics (BLS), 22, financial managers are among the highest paying jobs in the United States based on the latest salary data for 2018. In fact, if you exclude the medical professions, financial managers earn an average of $146,830 annually, making it the seventh highest annual salary in the country.
There is more good news for financial managers. According to the BLS Occupational Outlook Guide, the occupation of financial managers is expected to grow at a much faster than average rate of 19% from 2016 to 2026.
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However, not all states pay financial managers the same. So if you want to make the most money in this industry, read on for a complete breakdown of where money managers make the least and where they make the most.
Looking at state salaries, financial managers earn more than the national average in 12 states, plus the District of Columbia:
New York, New Jersey and Connecticut are among these states, which is surprising given the number and quality of financial institutions located in New York City.
Geographically, the lowest-paying states for financial managers are in the South – Mississippi, West Virginia, Arkansas, Louisiana, and Tennessee; and states in the Mountain Division—Idaho, New Mexico. Montana and Utah. Alaska, located in the Pacific Ocean of the United States, is an exception.
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Many states have the lowest wages for financial managers by median household income. According to the US Census Bureau’s 2017 American Community Survey, Mississippi has the lowest median household income in the country, $42,009; No. and #48 West Virginia has the third lowest household income in the United States at $44,061.
Here’s a look at the average finance manager salary by state. The total number of each state is called, and
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