Financial Managers (11-3031) in Connecticut

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Financial Managers (11-3031) in Connecticut

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State of Connecticut (1Q 2023)
All Industry
Estimated Employment		19,540
Mean wage		$82.98
Entry wage		$47.98
10th percentile wage		$42.98
50th percentile wage		$77.39
90th percentile wage		N/A

Top Employing Industries
Industry	Employment / Percent
Insurance Carriers and Related Activities	3,610	18.5%
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	2,880	14.7%
Management of Companies and Enterprises	2,090	10.7%
Professional, Scientific, and Technical Services	1,930	9.9%

Best Paying Industries
Industry	Employment / Median Wage
Broadcasting and Content Providers	90	$116.63
Air Transportation	10	$105.13
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	2,880	$101.24
Rental and Leasing Services	70	$84.86

Financial Managers (11-3031)

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Excludes Financial Risk Specialists (13-2054).


Median Wage History
Year	This Occupation		Compared to Occupational Group		Difference
Current	$77.39		$63.05		$14.34
2022	$75.88	+2.0%	$61.82	+2.0%	$14.06
2021	$72.47	+4.7%	$59.04	+4.7%	$13.43
2020	$70.86	+2.3%	$57.73	+2.3%	$13.13
2019	$69.25	+2.3%	$56.42	+2.3%	$12.83
2018	$67.40	+2.8%	$54.91	+2.8%	$12.49
2017	$65.79	+2.4%	$53.60	+2.4%	$12.19
2016	$63.93	+2.9%	$52.08	+2.9%	$11.85
2015	$62.37	+2.5%	$50.82	+2.5%	$11.56
2014	$61.12	+2.1%	$49.79	+2.1%	$11.32
Year	This Occupation		Compared to All Occupations		Difference
Current	$77.39		$25.76		$51.63
2022	$75.88	+2.0%	$24.90	+3.4%	$50.98
2021	$72.47	+4.7%	$23.56	+5.7%	$48.90
2020	$70.86	+2.3%	$22.76	+3.5%	$48.11
2019	$69.25	+2.3%	$22.11	+2.9%	$47.14
2018	$67.40	+2.8%	$21.46	+3.0%	$45.93
2017	$65.79	+2.4%	$20.85	+2.9%	$44.94
2016	$63.93	+2.9%	$20.37	+2.4%	$43.57
2015	$62.37	+2.5%	$19.85	+2.6%	$42.53
2014	$61.12	+2.1%	$19.43	+2.2%	$41.69

Reference Date: 1st Quarter 2023

Note: The mid-wage is the median wage. The average wage is the mean wage. The entry-level wage is equal to the average of the lower third of reported wages for the occupation. The wage range consists of the 10th and 90th percentiles; 80% of workers earn between this wage range, 10% earn less while 10% earn more.


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