Financial Manager salary in Minnesota
Financial Managers in Minnesota earn a median of $163,410 a year ($78.56 an hour), based on BLS data for 16,680 workers.
Pay ranges from $99,250 for the lowest-paid 10% to $277,680 for the top 10%. That is 2% lower than the national median of $166,570. Minnesota ranks 16th of 51 states for financial managers pay. There are 5.7 financial managers per 1,000 jobs here — close to the national average. The average (mean) salary is $176,560, above the median because a few high earners pull it up.
Pay range for financial managers in Minnesota
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $99,250 | $47.72 |
| 25th percentile | $126,580 | $60.86 |
| Median | $163,410 | $78.56 |
| 75th percentile | $212,250 | $102.04 |
| 90th percentile (top earners) | $277,680 | $133.50 |
| Average (mean) | $176,560 | $84.89 |
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 | $13,617.50 |
| Semi-monthly (24 a year) | $6,808.75 |
| Biweekly (26 a year) | $6,285 |
| Weekly | $3,142.50 |
| Hourly | $78.56 |
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 Minnesota
| Metro area | Median salary | Workers |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $165,620 | 12,460 |
| Sioux Falls, SD-MN | $163,580 | 500 |
| Rochester, MN | $158,570 | 390 |
| Fargo, ND-MN | $136,970 | 810 |
| St. Cloud, MN | $135,760 | 490 |
| Mankato, MN | $134,710 | 210 |
| La Crosse-Onalaska, WI-MN | $133,280 | 370 |
| Grand Forks, ND-MN | $130,130 | 220 |
| Duluth, MN-WI | $126,800 | 420 |
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 Minnesota
| Job | Median salary | Hourly |
|---|---|---|
| Computer and Information Systems Managers | $176,380 | $84.80 |
| Administrative Services Manager | $137,290 | $66.00 |
| Industrial Production Manager | $123,580 | $59.42 |
| Human Resources Manager | $153,770 | $73.93 |
| Transportation, Storage, and Distribution Managers | $118,180 | $56.82 |
| Facilities Manager | $109,720 | $52.75 |
| Purchasing Manager | $144,810 | $69.62 |
| Training and Development Managers | $131,680 | $63.31 |
| Compensation and Benefits Managers | $163,390 | $78.55 |
| General and Operations Managers | $99,340 | $47.76 |
| Medical and Health Services Managers | $122,700 | $58.99 |
| Sales Manager | $151,670 | $72.92 |
| Marketing Manager | $173,300 | $83.32 |
| Chief Executive | $195,670 | $94.07 |
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 Minnesota?
The median salary for financial managers in Minnesota is $163,410 a year, or $78.56 an hour. Pay ranges from $99,250 for the lowest-paid 10% to $277,680 for the top 10%.
How much do the highest-paid financial managers make in Minnesota?
The top 10% of financial managers in Minnesota earn at least $277,680 a year. The top 25% earn $212,250 or more.
What is the starting pay for financial managers in Minnesota?
Entry-level pay (the 10th percentile) is about $99,250 a year, and a quarter of financial managers earn $126,580 or less.
How many financial managers work in Minnesota?
About 16,680 financial managers are employed in Minnesota, not counting the self-employed.