Average Financial Managers Salary in Baton Rouge, LA
Financial Managers in Baton Rouge, LA earn an average annual salary of $132,430, which is notably below the national average of $184,480. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for specialized financial expertise within the local market.
Executive Summary
- Average Salary: $132,430 per year.
- Growth Trend: Salaries have shifted 18.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $207,960.
- Outlook: With a local workforce of 1,790 Financial Managers and a Location Quotient of 0.84, Baton Rouge presents a market with a slightly lower concentration than the national average. While not a major hub, the presence of nearly 1,800 professionals indicates a stable, albeit not rapidly expanding, demand for these roles within the region.
Salary Overview
The average Financial Managers in Baton Rouge, LA earns-28.2%below the national average.
$63.7
$2,547
$11,036
Financial Managers Salary Trends (2020-2024)
While specific historical data for Baton Rouge is not provided, it is generally assumed that salaries for Financial Managers nationwide have seen consistent growth over the past four years, driven by inflation, increasing complexity in financial regulations, and a persistent need for skilled financial oversight across industries. This trend likely extends to Baton Rouge, though potentially at a moderated pace compared to larger metropolitan areas.
Financial Managers Salary Distribution in Baton Rouge, LA
The salary for a Financial Manager in Baton Rouge, LA, can vary significantly based on experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles with extensive experience and proven track records can command salaries well above the average. The percentile gaps in earnings clearly signify the substantial career progression and earning potential available as professionals advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,990 | $36.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,323 | $47.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $117,490 | $56.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $165,538 | $79.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $207,960 | $100 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$132,430
Gross Pay
Real Wage (Purchasing Power)
$132,430
Adjusted for COL (100)
The average annual salary of $132,430 in Baton Rouge aligns precisely with the national average cost of living index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary is equivalent to the national average, suggesting that the cost of essential goods and services locally is comparable.
Job Market Context
1,790
Total Jobs
4.439
Per 1K Jobs
0.84
Location Quotient
Baton Rouge, LA has 0.84x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.84 indicates that Financial Managers are slightly less concentrated in Baton Rouge compared to the national average. This suggests a moderately competitive job market where demand is present but perhaps not as intense as in areas with a higher concentration of financial services. Professionals may find a stable number of opportunities without overwhelming competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Hammond, LA Financial Managers Salary | $129,270↓ 2% | 40 mi |
| Lafayette, LA Financial Managers Salary | $120,130↓ 9% | 56 mi |
| Houma-Bayou Cane-Thibodaux, LA Financial Managers Salary | $130,420↓ 2% | 65 mi |
| Southwest Louisiana nonmetropolitan area Financial Managers Salary | $134,070↑ 1% | 67 mi |
| Central Louisiana nonmetropolitan area Financial Managers Salary | $114,870↓ 13% | 67 mi |
Comparing salaries near Baton Rouge, LA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Baton Rouge, LA?
The median annual salary for a Financial Managers in Baton Rouge, LA is $132,430. This typically ranges from $74,990 for entry-level positions to $207,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baton Rouge, LA is 28.2% lower than the national median of $184,480.
Is Baton Rouge, LA a lucrative place for Financial Managers?
No, not compared to the national average.The average salary of $132,430 is significantly lower than the national average of $184,480. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Baton Rouge, LA a good place to live for Financial Managers?
The Cost of Living Index in Baton Rouge, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baton Rouge, LA?
Some top paying nearby cities include Hammond, LA ($129,270) and Lafayette, LA.
What is the average salary for a Financial Manager in Baton Rouge, LA?
The average annual salary for a Financial Manager in Baton Rouge, LA is $132,430.
How does Baton Rouge's cost of living compare nationally?
Baton Rouge's cost of living index is 100, which is exactly the national average.
Is the job market for Financial Managers strong in Baton Rouge?
The market is stable with a local workforce of 1,790 and a concentration slightly below the national average, indicating steady demand.
How does experience affect a Financial Manager's salary in Baton Rouge?
Experience significantly impacts salary, with entry-level roles earning less and senior positions commanding higher pay, reflecting clear career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,790 employees in the Baton Rouge, LA area with a job density of 4.439 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Baton Rouge, LA