Average Financial Managers Salary in Shreveport-Bossier City, LA
Financial Managers in Shreveport-Bossier City, LA, earn an average annual salary of $126,340. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry demand specific to the Shreveport-Bossier City area. Local market dynamics, including the concentration of specific industries and the overall economic health of the region, play a significant role in shaping compensation levels for these critical finance professionals.
Executive Summary
- Average Salary: $126,340 per year.
- Growth Trend: Salaries have shifted 13.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $204,340.
- Outlook: The financial management sector in Shreveport-Bossier City, LA, supports a local workforce of approximately 600 professionals. With a Location Quotient of 0.7, the concentration of financial managers is slightly below the national average, suggesting a stable but not exceptionally high demand relative to other occupations. The presence of 3.721 jobs per 1,000 workers indicates a consistent need for financial expertise within the local economy, pointing towards a steady job market for qualified individuals.
Salary Overview
The average Financial Managers in Shreveport-Bossier City, LA earns-31.5%below the national average.
$60.7
$2,430
$10,528
Financial Managers Salary Trends (2020-2024)
While specific historical data for Shreveport-Bossier City is not provided, it is reasonable to assume that salaries for Financial Managers have experienced growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive an upward trajectory in compensation for skilled finance professionals. This general growth trend suggests that the $126,340 average may see incremental increases as the market continues to adapt and expand.
Financial Managers Salary Distribution in Shreveport-Bossier City, LA
Salary progression for Financial Managers in Shreveport-Bossier City, LA, is significantly influenced by experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles requiring extensive experience, advanced degrees, and specialized certifications can earn considerably more. The percentile distribution of salaries, though not detailed here, would show a widening gap between the 25th and 75th percentiles as experience increases, signifying substantial career growth opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,990 | $31.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,755 | $45.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $116,980 | $56.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $157,925 | $75.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $204,340 | $98.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$126,340
Gross Pay
Real Wage (Purchasing Power)
$126,340
Adjusted for COL (100)
The nominal average annual salary of $126,340 for Financial Managers in Shreveport-Bossier City, LA, aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of the average salary in this region is comparable to the national average. Professionals relocating to Shreveport-Bossier City can expect their earnings to cover essential expenses at a rate consistent with the rest of the country, making it a financially stable environment.
Job Market Context
600
Total Jobs
3.721
Per 1K Jobs
0.7
Location Quotient
Shreveport-Bossier City, LA has 0.70x 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 0.7 for Financial Managers in Shreveport-Bossier City, LA, indicates that the occupation is less concentrated here than the national average. This suggests that while there is a stable presence of financial management roles, the market is not saturated, and opportunities may arise from a broader range of industries rather than a high concentration within a few. The job market is neither overly competitive nor exceptionally scarce, presenting a balanced environment for job seekers and employers.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Longview, TX Financial Managers Salary | $146,050↑ 16% | 56 mi |
| Texarkana, TX-AR Financial Managers Salary | $137,240↑ 9% | 70 mi |
| Tyler, TX Financial Managers Salary | $146,960↑ 16% | 89 mi |
Comparing salaries near Shreveport-Bossier City, LA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Shreveport-Bossier City, LA?
The median annual salary for a Financial Managers in Shreveport-Bossier City, LA is $126,340. This typically ranges from $64,990 for entry-level positions to $204,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Shreveport-Bossier City, LA is 31.5% lower than the national median of $184,480.
Is Shreveport-Bossier City, LA a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $126,340 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Shreveport-Bossier City, LA a good place to live for Financial Managers?
The Cost of Living Index in Shreveport-Bossier City, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Shreveport-Bossier City, LA?
Some top paying nearby cities include Longview, TX ($146,050) and Texarkana, TX-AR.
What is the average salary for a Financial Manager in Shreveport-Bossier City, LA?
The average annual salary for a Financial Manager in Shreveport-Bossier City, LA, is $126,340.
How does the Shreveport-Bossier City salary compare to the national average?
The average salary in Shreveport-Bossier City ($126,340) is considerably lower than the national average ($184,480).
What is the cost of living in Shreveport-Bossier City, LA?
The cost of living in Shreveport-Bossier City, LA, is at the national average, with an index of 100.
How concentrated is the Financial Manager job market in Shreveport-Bossier City, LA?
The job market for Financial Managers in Shreveport-Bossier City is less concentrated than the national average, with a Location Quotient of 0.7.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 600 employees in the Shreveport-Bossier City, LA area with a job density of 3.721 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 Shreveport-Bossier City, LA