Financial Manager salary in Memphis, TN-MS-AR
Financial Managers in the Memphis, TN-MS-AR metro area earn a median of $143,880 a year ($69.17 an hour), based on BLS data for 2,750 workers.
Pay ranges from $80,110 for the lowest-paid 10% to $273,740 for the top 10%. That is 14% lower than the national median of $166,570. Pay here is 2% higher than the Tennessee statewide median of $141,010. There are 4.5 financial managers per 1,000 jobs here — close to the national average. The average (mean) salary is $169,130, above the median because a few high earners pull it up.
Pay range for financial managers in Memphis, TN-MS-AR
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $80,110 | $38.52 |
| 25th percentile | $109,380 | $52.59 |
| Median | $143,880 | $69.17 |
| 75th percentile | $201,890 | $97.06 |
| 90th percentile (top earners) | $273,740 | $131.61 |
| Average (mean) | $169,130 | $81.31 |
Half of financial managers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $11,990 |
| Semi-monthly (24 a year) | $5,995 |
| Biweekly (26 a year) | $5,533.85 |
| Weekly | $2,766.92 |
| Hourly | $69.17 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Financial Manager salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | $156,860 | 7,400 |
| Chattanooga, TN-GA | $151,530 | 1,280 |
| Fayetteville-Springdale-Rogers, AR | $147,410 | 1,880 |
| Clarksville, TN-KY | $133,620 | 270 |
| Knoxville, TN | $133,570 | 2,090 |
| Johnson City, TN | $133,170 | 300 |
| Kingsport-Bristol, TN-VA | $132,280 | 500 |
| Cleveland, TN | $131,860 | 130 |
| Jackson, TN | $131,090 | 250 |
| Morristown, TN | $122,850 | 130 |
| Texarkana, TX-AR | $121,770 | 170 |
| Jackson, MS | $119,580 | 840 |
| Little Rock-North Little Rock-Conway, AR | $119,360 | 2,320 |
| Gulfport-Biloxi, MS | $115,320 | 490 |
| Fort Smith, AR-OK | $104,990 | 460 |
| Hattiesburg, MS | $104,540 | 220 |
| Jonesboro, AR | $103,230 | 250 |
| Hot Springs, AR | $95,010 | 120 |
Highest-paying states for financial managers
| State | Median salary |
|---|---|
| New York | $219,880 |
| Massachusetts | $206,760 |
| New Jersey | $199,110 |
| District of Columbia | $188,880 |
| Virginia | $185,220 |
| Colorado | $182,690 |
| Delaware | $181,580 |
| California | $180,770 |
| Washington | $174,840 |
| Connecticut | $174,830 |
See Financial Manager pay in every state or the Tennessee statewide figures.
Related jobs in Memphis, TN-MS-AR
| Job | Median salary | Hourly |
|---|---|---|
| Computer and Information Systems Managers | $161,790 | $77.78 |
| Transportation, Storage, and Distribution Managers | $106,170 | $51.05 |
| Administrative Services Manager | $130,580 | $62.78 |
| Industrial Production Manager | $118,120 | $56.79 |
| Human Resources Manager | $138,560 | $66.61 |
| Facilities Manager | $108,610 | $52.21 |
| Purchasing Manager | $156,830 | $75.40 |
| Training and Development Managers | $126,980 | $61.05 |
| Compensation and Benefits Managers | $133,150 | $64.02 |
| General and Operations Managers | $102,510 | $49.28 |
| Managers, All Other | $104,050 | $50.03 |
| Medical and Health Services Managers | $112,800 | $54.23 |
| Sales Manager | $128,560 | $61.81 |
| Education Administrators, Kindergarten through Secondary | $98,390 | — |
More: Management Occupations · all salaries in Memphis, TN-MS-AR
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 11-3031. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a financial manager make in Memphis, TN-MS-AR?
The median salary for financial managers in the Memphis, TN-MS-AR metro area is $143,880 a year, or $69.17 an hour. Pay ranges from $80,110 for the lowest-paid 10% to $273,740 for the top 10%.
How much do the highest-paid financial managers make in Memphis, TN-MS-AR?
The top 10% of financial managers in the Memphis, TN-MS-AR metro area earn at least $273,740 a year. The top 25% earn $201,890 or more.
What is the starting pay for financial managers in Memphis, TN-MS-AR?
Entry-level pay (the 10th percentile) is about $80,110 a year, and a quarter of financial managers earn $109,380 or less.
How many financial managers work in Memphis, TN-MS-AR?
About 2,750 financial managers are employed in the Memphis, TN-MS-AR metro area, not counting the self-employed.