Average Financial Managers Salary in Pittsburgh, PA
Financial Managers in Pittsburgh, PA, command an average annual salary of $153,570, which is notably below the national average of $184,480. This localized pay rate is influenced by a combination of regional economic factors, industry demand within the Pittsburgh metropolitan area, and the specific cost of doing business for companies operating in Pennsylvania.
Executive Summary
- Average Salary: $153,570 per year.
- Growth Trend: Salaries have shifted 4.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $233,140.
- Outlook: With a local workforce of 5,980 Financial Managers and a Location Quotient of 1.02, Pittsburgh demonstrates a job market for these professionals that is closely aligned with the national average in terms of concentration. This suggests a stable and consistent demand for financial expertise, indicating a robust employment landscape for those in this field within the region.
Salary Overview
The average Financial Managers in Pittsburgh, PA earns-16.8%below the national average.
$73.8
$2,953
$12,798
Financial Managers Salary Trends (2020-2024)
While specific historical data for Pittsburgh's Financial Manager salaries over the past four years is not provided, it is generally assumed that compensation for such roles has experienced steady growth, mirroring national trends. Economic expansion, evolving financial regulations, and increased demand for strategic financial planning likely contribute to upward salary adjustments over time.
Financial Managers Salary Distribution in Pittsburgh, PA
The career trajectory for Financial Managers typically involves significant salary progression based on experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting increased responsibility and strategic impact.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $81,050 | $39 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $115,178 | $55.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $134,740 | $64.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $191,963 | $92.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $233,140 | $112.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$153,570
Gross Pay
Real Wage (Purchasing Power)
$153,570
Adjusted for COL (100)
The average annual salary of $153,570 in Pittsburgh, PA, is perfectly balanced by a Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against the national standard, offering no immediate advantage or disadvantage in terms of real income when relocating.
Job Market Context
5,980
Total Jobs
5.389
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Pittsburgh, PA has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
A Location Quotient of 1.02 indicates that Financial Managers are slightly more concentrated in Pittsburgh than the national average. This suggests a healthy, albeit not exceptionally high, level of demand and a competitive market where employers are actively seeking qualified candidates, reflecting a balanced supply and demand dynamic.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Weirton-Steubenville, WV-OH Financial Managers Salary | $112,280↓ 27% | 30 mi |
| Wheeling, WV-OH Financial Managers Salary | $116,850↓ 24% | 45 mi |
| Morgantown, WV Financial Managers Salary | $142,910↓ 7% | 55 mi |
| Youngstown-Warren, OH Financial Managers Salary | $121,470↓ 21% | 57 mi |
| Johnstown, PA Financial Managers Salary | $116,170↓ 24% | 57 mi |
Comparing salaries near Pittsburgh, PA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Pittsburgh, PA?
The median annual salary for a Financial Managers in Pittsburgh, PA is $153,570. This typically ranges from $81,050 for entry-level positions to $233,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pittsburgh, PA is 16.8% lower than the national median of $184,480.
Is Pittsburgh, PA a lucrative place for Financial Managers?
Yes, Pittsburgh, PA offers a stable and competitive environment for Financial Managers.While the average salary is slightly below the national average, the cost of living is also at the national average, meaning your earnings maintain their value. The market concentration is robust, indicating consistent demand for these roles.
Is Pittsburgh, PA a good place to live for Financial Managers?
The Cost of Living Index in Pittsburgh, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Pittsburgh, PA?
Some top paying nearby cities include Weirton-Steubenville, WV-OH ($112,280) and Wheeling, WV-OH.
How does Pittsburgh's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Pittsburgh, PA, is $153,570, which is below the national average of $184,480.
What is the Cost of Living in Pittsburgh, PA, for Financial Managers?
The Cost of Living Index in Pittsburgh, PA, is 100, which is exactly the national average, indicating that the purchasing power of the local salary is on par with the rest of the country.
How concentrated is the Financial Manager job market in Pittsburgh?
The job market for Financial Managers in Pittsburgh is slightly more concentrated than the national average, with a Location Quotient of 1.02, suggesting a stable demand for these professionals.
What is the total workforce of Financial Managers in Pittsburgh?
There are approximately 5,980 Financial Managers employed in the Pittsburgh, PA, metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,980 employees in the Pittsburgh, PA area with a job density of 5.389 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Pittsburgh, PA
- All Occupations Salary in Pittsburgh, PA
- Office and Administrative Support Occupations Salary in Pittsburgh, PA
- Food Preparation and Serving Related Occupations Salary in Pittsburgh, PA
- Sales and Related Occupations Salary in Pittsburgh, PA
- Transportation and Material Moving Occupations Salary in Pittsburgh, PA
- Healthcare Practitioners and Technical Occupations Salary in Pittsburgh, PA
- Management Occupations Salary in Pittsburgh, PA
- Business and Financial Operations Occupations Salary in Pittsburgh, PA
- Educational Instruction and Library Occupations Salary in Pittsburgh, PA
- Healthcare Support Occupations Salary in Pittsburgh, PA
- Browse All Jobs in Pittsburgh, PA →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Pittsburgh, PA