Average Financial Managers Salary in St. Louis, MO-IL
Financial Managers in St. Louis, MO-IL earn an average annual salary of $159,270, which is 13.7% below the national average of $184,480. This regional disparity in compensation is often influenced by a combination of local economic factors, industry concentration, and the overall demand for specialized financial expertise within the metropolitan area.
Executive Summary
- Average Salary: $159,270 per year.
- Growth Trend: Salaries have shifted 9.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $238,905.
- Outlook: The St. Louis, MO-IL metropolitan area supports a substantial workforce of 6,890 Financial Managers. With a location quotient of 0.97, the concentration of these professionals is nearly on par with the national average, indicating a stable and established presence in the region's financial sector. The rate of 5.143 jobs per 1,000 workers further suggests a consistent demand for financial management talent.
Salary Overview
The average Financial Managers in St. Louis, MO-IL earns-13.7%below the national average.
$76.6
$3,063
$13,273
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Financial Managers in St. Louis has experienced steady growth over the past four years, mirroring national trends. Economic expansion, evolving regulatory landscapes, and increasing complexity in financial operations typically drive up demand and, consequently, compensation for skilled professionals in this field.
Financial Managers Salary Distribution in St. Louis, MO-IL
The career trajectory for Financial Managers typically involves significant salary progression based on experience. Entry-level positions might start at the lower percentiles, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the financial management profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $81,750 | $39.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $119,453 | $57.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $140,240 | $67.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $199,088 | $95.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $238,905 | $114.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$159,270
Gross Pay
Real Wage (Purchasing Power)
$159,270
Adjusted for COL (100)
The average nominal salary of $159,270 for Financial Managers in St. Louis, MO-IL aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in St. Louis is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services in the area.
Job Market Context
6,890
Total Jobs
5.143
Per 1K Jobs
0.97
Location Quotient
St. Louis, MO-IL has 0.97x 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 0.97 for Financial Managers in St. Louis indicates that the concentration of these professionals is very close to the national average. This suggests a competitive yet balanced job market; while not significantly over-saturated, there is a healthy presence of talent, implying that employers have access to a good pool of candidates, and professionals can find opportunities without facing extreme competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Springfield, IL Financial Managers Salary | $147,470↓ 7% | 84 mi |
| Cape Girardeau, MO-IL Financial Managers Salary | $144,090↓ 10% | 97 mi |
Comparing salaries near St. Louis, MO-IL
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in St. Louis, MO-IL?
The median annual salary for a Financial Managers in St. Louis, MO-IL is $159,270. This typically ranges from $81,750 for entry-level positions to $238,905 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in St. Louis, MO-IL is 13.7% lower than the national median of $184,480.
Is St. Louis, MO-IL a lucrative place for Financial Managers?
No, not as lucrative as the national average.While St. Louis offers a solid average salary of $159,270, it falls below the national average of $184,480. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is St. Louis, MO-IL a good place to live for Financial Managers?
The Cost of Living Index in St. Louis, MO-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near St. Louis, MO-IL?
Some top paying nearby cities include Springfield, IL ($147,470) and Cape Girardeau, MO-IL.
How does St. Louis compare to other major cities for Financial Manager salaries?
St. Louis's average salary of $159,270 is lower than many major coastal hubs but is competitive within the Midwest region. The key advantage is the national-average cost of living, which offsets the lower nominal salary.
What factors influence Financial Manager salaries in St. Louis?
Salaries are influenced by industry sector (e.g., finance, manufacturing, healthcare), company size, specific responsibilities, years of experience, and educational qualifications, alongside the overall economic health of the St. Louis metropolitan area.
Is the job market for Financial Managers growing in St. Louis?
With a location quotient near the national average and a substantial workforce, the market appears stable and consistent, suggesting ongoing demand for skilled financial professionals rather than rapid expansion.
What is the typical salary range for a Financial Manager in St. Louis?
While the average is $159,270, actual salaries can vary significantly. Entry-level roles might be closer to $100,000-$120,000, while senior or specialized roles could exceed $200,000, depending on the factors mentioned.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,890 employees in the St. Louis, MO-IL area with a job density of 5.143 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 St. Louis, MO-IL