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How much does a finance director make?

Question:

How much does a finance director make?

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Answer:

According to the Bureau of Labor Statistics (BLS), finance managers have an annual median wage of $129,890 as of 2019, making it one of the most lucrative jobs. The report further indicates that of all the finance managers, the highest 10% made an annual median wage above $208,000. On the other side, the lowest 10% made $68,370. The major difference in salaries between the finance managers is years of experience and the industry. For freshly employed finance managers or directors, you cannot expect to have top-notch salaries, especially if it is your first time holding the position. As you progress, the salary keeps increasing depending on how competent you prove yourself to be. By the time you realize 10 to 20 years of experience in the industry, you will have tremendously increased your salary. It is also critical to ensure that you research the most rewarding industries for a financial director. Imperatively, advancing your education will increase your chances of getting higher salary jobs.

For more information about becoming a finance director/manager, check out this article: How to Become a Financial Manager: Education and Career Roadmap

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