Financial Manager salary in Michigan
Financial Managers in Michigan earn a median of $139,370 a year ($67.01 an hour), based on BLS data for 22,490 workers.
Pay ranges from $80,280 for the lowest-paid 10% to $258,480 for the top 10%. That is 16% lower than the national median of $166,570. Michigan ranks 32nd of 51 states for financial managers pay. There are 5.1 financial managers per 1,000 jobs here — close to the national average. The average (mean) salary is $158,110, above the median because a few high earners pull it up.
Pay range for financial managers in Michigan
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $80,280 | $38.60 |
| 25th percentile | $105,490 | $50.71 |
| Median | $139,370 | $67.01 |
| 75th percentile | $182,120 | $87.56 |
| 90th percentile (top earners) | $258,480 | $124.27 |
| Average (mean) | $158,110 | $76.01 |
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 | $11,614.17 |
| Semi-monthly (24 a year) | $5,807.08 |
| Biweekly (26 a year) | $5,360.38 |
| Weekly | $2,680.19 |
| Hourly | $67.01 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Financial Manager salary in cities in Michigan
| Metro area | Median salary | Workers |
|---|---|---|
| Midland, MI | $173,080 | 310 |
| Detroit-Warren-Dearborn, MI | $160,240 | 11,670 |
| Jackson, MI | $149,930 | 310 |
| Monroe, MI | $140,110 | 150 |
| Ann Arbor, MI | $139,500 | 820 |
| Grand Rapids-Wyoming-Kentwood, MI | $133,380 | 2,820 |
| Lansing-East Lansing, MI | $132,590 | 1,190 |
| Kalamazoo-Portage, MI | $130,760 | 560 |
| Saginaw, MI | $129,020 | 410 |
| Flint, MI | $128,950 | 500 |
| South Bend-Mishawaka, IN-MI | $128,370 | 580 |
| Niles, MI | $127,650 | 260 |
| Battle Creek, MI | $127,370 | 180 |
| Bay City, MI | $124,130 | 120 |
| Muskegon-Norton Shores, MI | $120,070 | 180 |
| Traverse City, MI | $119,810 | 310 |
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 |
Related jobs in Michigan
| Job | Median salary | Hourly |
|---|---|---|
| Computer and Information Systems Managers | $163,760 | $78.73 |
| Industrial Production Manager | $120,660 | $58.01 |
| Transportation, Storage, and Distribution Managers | $99,100 | $47.65 |
| Administrative Services Manager | $108,210 | $52.02 |
| Human Resources Manager | $138,930 | $66.79 |
| Facilities Manager | $98,150 | $47.19 |
| Purchasing Manager | $142,120 | $68.33 |
| Training and Development Managers | $118,630 | $57.03 |
| Compensation and Benefits Managers | $151,620 | $72.89 |
| General and Operations Managers | $99,530 | $47.85 |
| Sales Manager | $136,870 | $65.80 |
| Medical and Health Services Managers | $107,570 | $51.72 |
| Architectural and Engineering Managers | $166,930 | $80.25 |
| Construction Manager | $103,230 | $49.63 |
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 Michigan?
The median salary for financial managers in Michigan is $139,370 a year, or $67.01 an hour. Pay ranges from $80,280 for the lowest-paid 10% to $258,480 for the top 10%.
How much do the highest-paid financial managers make in Michigan?
The top 10% of financial managers in Michigan earn at least $258,480 a year. The top 25% earn $182,120 or more.
What is the starting pay for financial managers in Michigan?
Entry-level pay (the 10th percentile) is about $80,280 a year, and a quarter of financial managers earn $105,490 or less.
How many financial managers work in Michigan?
About 22,490 financial managers are employed in Michigan, not counting the self-employed.