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Financial Manager - Federal Salaries of 2020

Pay Rates for "Financial Manager"

How much does a Financial Manager in the federal government get paid? $145,321.88* *Based on the 2020 average.
679 EMPLOYEES
$98.09M TOTAL SALARY
GS MOST COMMON PAYSCALE

Financial Manager was the 206th most popular job in the U.S. Government in 2020, with 679 employed. The most common payscale was the general schedule payscale.

In 2020, the Veterans Health Administration hired the most employees titled Financial Management, with an average salary of $122,317.

Government Financial Management jobs are classified under the General Schedule (GS) payscale. The minimum paygrade for a Financial Management job is GS-4, and the highest paygrade that can be attained within this job series is GS-15. Remember that the starting and maximum yearly pay listed above reflect base pay only - your actual salary will be higher based on the Locality Pay Adjustment for the area in which you work.

Job Description

This occupation includes all classes of positions the duties of which are to manage or direct a program for the management of the financial resources of an organizational segment, field establishment, bureau, department, independent agency, or other organizational entity of the Federal Government when the duties and responsibilities include: (a) developing, coordinating, and maintaining an integrated system of financial staff services including at least accounting, budgeting, and management-financial reporting, and sometimes also one or more of such related staff services as auditing, credit analysis, management analysis, etc.; (b) exercising effective control over the financial resources of the organization; (c) coordinating and synthesizing financial and management data so as to interpret the composite financial results of operations to all levels of the organization's management; (d) advising on, developing, coordinating, and carrying out financial policies, procedures, and plans; (e) reviewing, analyzing, evaluating, and reporting upon program accomplishments in financial terms; and (f) advising and assisting the management officials of the organization served by supplying financial management advice required to make management decisions, establish organizational goals and objectives, and in all respects to manage the organization.

Administrative and Management positions have a wide range of responsibilities. Management does not refer specifically to supervisors who directly manage organizations or teams. Rather jobs in this category deal with managing systems or processes such as finances, security systems, training programs, or marketing. For employees in this job category, promotions are typically given 2 grade increments at a time until GS-12 is reached.

Agencies that have hired a Financial Manager

Agency Employees Hired Average Salary
Veterans Health Administration 241 $122,317.34
U.S. Agency for International Development 104 $139,480.60
Deputy Assistant Secretary for Finance 23 $144,999.78
Indian Health Service 14 $124,189.36
Department of Energy 14 $151,408.50
Veterans Benefits Administration 12 $151,768.17
Bureau of Prisons/Federal Prison System 11 $142,189.18
Environmental Protection Agency 9 $154,336.33
Offices, Boards and Divisions 8 $163,635.88
Department of Homeland Security Headquarters 8 $167,234.25
Federal Housing Finance Agency 7 $180,532.43
Immediate Office of the Assistant Secretary for Management 7 $160,204.00
Department of State 7 $175,165.57
Departmental Offices 7 $161,171.14
Internal Revenue Service 6 $187,595.50
U.S. Mint 6 $145,386.67
Animal and Plant Health Inspection Service 5 $146,813.60
George C. Marshall Space Flight Center 5 $152,142.80
Headquarters, Nasa 5 $162,647.60
Ames Research Center 5 $170,933.60
Office of the Chief Financial Officer (Department of Housing and Urban Development) 4 $185,444.25
Bureau of Reclamation 4 $124,845.75
National Park Service 4 $151,284.00
National Institutes of Health 4 $184,050.00
Federal Emergency Management Agency 4 $167,138.00
Office of Comptroller of Currency 3 $236,899.33
Food and Nutrition Service 3 $162,443.67
Office of the Secretary (Department of Commerce) 3 $191,882.67
Patent and Trademark Office 3 $191,110.00
National Telecommunications and Information Administration 3 $179,633.33
Assistant Secretary for Housing-Federal Housing Commissioner 3 $182,719.67
Office of the Secretary of the Interior 3 $176,525.33
Goddard Space Flight Center 3 $149,760.67
Office of Secretary of Transportation 3 $165,361.33
Election Assistance Commission 3 $98,619.33
Centers for Medicare & Medicaid Services 3 $197,300.00
U.S. Coast Guard 3 $153,483.67
U.S. Secret Service 3 $183,216.00
Immigration and Customs Enforcement 3 $187,417.00
Customs and Border Protection 3 $184,050.00
Food and Drug Administration 2 $244,752.50
Citizenship and Immigration Services 2 $194,800.00
Bureau of Engraving and Printing 2 $181,550.00
Bureau of the Fiscal Service 2 $155,473.00
Deputy Assistant Secretary for Information and Technology 2 $150,656.50
Rural Housing Service 2 $178,308.50
Office of the Chief Financial Officer (Department of Agriculture) 2 $184,050.00
National Oceanic and Atmospheric Administration 2 $167,478.50
Drug Enforcement Administration 2 $196,173.00
U.S. Marshals Service 2 $184,050.00
Alcohol, Tobacco, Firearms, & Explosives 2 $168,643.50
Export-Import Bank of the United States 2 $190,847.00
Office of the Director 2 $179,515.00
Bureau of Consumer Financial Protection 2 $241,927.50
Federal Trade Commission 2 $181,550.00
Langley Research Center 2 $167,947.00
Dryden Flight Research Center 2 $170,859.00
National Archives and Records Administration 2 $178,047.00
Office of Personnel Management 2 $193,350.00
Peace Corps 2 $170,800.00
National Transportation Safety Board 2 $183,862.00
Federal Highway Administration 2 $116,593.50
Office of Inspector General (Department of Transportation) 2 $151,880.00
John C. Stennis Space Center 1 $175,000.00
Lyndon B. Johnson Space Center 1 $188,066.00
John F. Kennedy Space Center 1 $188,066.00
Nuclear Regulatory Commission 1 $197,300.00
Office of Navajo and Hopi Indian Relocation 1 $140,146.00
Medicaid & Chip Payment & Access Commission 1 $135,111.00
Securities and Exchange Commission 1 $218,671.00
Consumer Product Safety Commission 1 $179,426.00
National Gallery of Art 1 $145,578.00
Woodrow Wilson International Center for Scholars 1 $170,800.00
Selective Service System 1 $156,973.00
U.S. International Trade Commission 1 $188,226.00
Federal Railroad Administration 1 $181,048.00
St. Lawrence Seaway Development Corporation 1 $143,720.00
National Highway Traffic Safety Administration 1 $139,492.00
Alcohol and Tobacco Tax and Trade Bureau 1 $170,800.00
American Battle Monuments Commission 1 $170,800.00
Agricultural Marketing Service 1 $156,973.00
Agricultural Research Service 1 $197,300.00
Food Safety and Inspection Service 1 $183,563.00
Fpac Business Center 1 $184,621.00
Office of the Chief Information Officer (Department of Agriculture) 1 $139,524.00
African Development Foundation 1 $156,973.00
Nuclear Waste Technical Review Board 1 $112,930.00
National Institute of Standards and Technology 1 $197,300.00
National Technical Information Service 1 $170,800.00
Commodity Futures Trading Commission 1 $225,897.00
Office of Inspector General (Department of Housing and Urban Development) 1 $170,800.00
Assistant Secretary for Public and Indian Housing 1 $179,597.00
Government National Mortgage Association 1 $182,755.00
International-American Foundation 1 $141,534.00
Indian Affairs 1 $71,250.00
U.S. Tax Court 1 $170,800.00
Government Printing Office 1 $181,450.00
Federal Maritime Commission 1 $170,800.00
National Science Foundation 1 $182,613.00
National Labor Relations Board 1 $177,534.00
John Glenn Research Center at Lewis Field 1 $182,424.00
Program Support Center 1 $166,487.00
Substance Abuse & Mental Health Service Administration 1 $170,800.00
Health Resources and Services Administration 1 $197,300.00
Centers for Disease Control and Prevention 1 $197,300.00
Federal Law Enforcement Training Centers 1 $189,412.00
National Protection and Programs Directorate 1 $170,800.00
Office of the Inspector General (Department of Justice) 1 $166,487.00
Office of the Chief Financial Officer (Department of Labor) 1 $197,300.00
Bureau of Labor Statistics 1 $170,800.00
Mine Safety and Health Administration 1 $170,800.00
Occupational Safety and Health Administration 1 $170,800.00
Federal Energy Regulatory Commission 1 $191,300.00
Equal Employment Opportunity Commission 1 $166,487.00
Morris K. Udall & Stewart L. Udall Foundation 1 $90,803.00
Federal Communications Commission 1 $178,963.00
Federal Financial Institutions Examination Council 1 $141,534.00
Pretrial Services Agency 1 $170,800.00
Office of Special Counsel 1 $170,800.00
Presidio Trust 1 $216,600.00
Office of Inspector General for Tax Administration 1 $170,800.00
1 $152,215.00
Immediate Office of Assistant Secretary for Information and Technology 1 $177,903.00
Deputy Assistant Secretary Security & Law Enforcement 1 $97,313.00
Director for Resource Management 1 $157,709.00
National Cemetery Administration 1 $190,528.00
Privacy and Civil Liberties Oversight 1 $160,100.00

Financial Manager Pay Distribution

The average pay for a Financial Manager is $145,321.88. The highest paid Financial Manager made $292,205 in 2020.

Common Financial Manager Payscales

Payscale Number of Financial Management Employees
GS - General Schedule 431
ES - Senior Executive Service 114
FO - Foreign Service Officers 75
FP - Foreign Service Personnel 16
AD - Administratively Determined Rates, Not Elsewhere Specified 9
EL - Non-executive Positions At The Federal Housing Finance Agency 7
FE - Senior Foreign Service 6
ZA - Administrative 4
SL - Senior Level Positions 3
NB - Office Of The Comptroller Of The Currency Only 3
NQ - Employees In The National Nuclear Secuirty Administration's Professional, Technical, And Admin Career Path 2
CN - Bureau Of Consumer Financial Protect(cfpb) Independent Agcy Within The Fed Res Syst(use By Cfpb Only) 2
VE - Veterans Canteen Service Executives Only 1
SK - Non-supervisorty Postions Employed By The Securities And Exchange Commission (sec) And Formerly Under Gs Pay 1
EG - Consultant (other) 1
GE - U.s. Government Printing Office Employees Formerly Under Pay Plan Sl (senior Level Positions) 1
EX - Executive Pay 1
EJ - The Department Of Energy Organization Act Excepted Service 1
CT - Commodity Futures Trading Commission Positions Previously Defined Under Pay Plan Codes Ad, Es, Gm, And Gs 1

Starting Paygrade: $27,782.00 / year base pay at paygrade GS-4, Step 1
Maximum Paygrade: $146,757.00 / year base pay at paygrade GS-15, Step 10
Category: Administrative and Management
Occupation Family: 0500 ACCOUNTING AND BUDGET GROUP

Other Jobs at the GS-4 Paygrade

GS-4 is the starting paygrade for Financial Management jobs. Here are some other Federal Government jobs that can be held by employees at the GS-4 paygrade.

Occupation Occupation Category Starting Paygrade Maximum Paygrade
Diagnostic Radiologic TechnologistTechnical and Medical SupportGS-1GS-9
Accounting TechnicianClerical and Administrative SupportGS-1GS-9
Financial AnalysisAdministrative and ManagementGS-4GS-15
Industrial SpecialistAdministrative and ManagementGS-4GS-15
Fingerprint IdentificationClerical and Administrative SupportGS-1GS-9

Average Financial Management Pay Trend from 2004 to 2020

In 2004, the average pay for a Financial Manager was $99,268. Since then, the average pay has increased to $145,322 in 2020.


Data Sources

The information provided on these pages is sourced from the Office of Personnel Management (OPM) Enterprise Human Resources Integration (EHRI) dataset. Postal Service data is managed exclusively by the USPS . All information is displayed unmodified and as provided by the source agency.

Federal employee salaries are public information under open government laws (5 U.S.C. § 552). FederalPay provides this data in the interest of government transparency — employee data may not be used for commercial soliciting or vending of any kind. Learn more about the FederalPay Employees Dataset here.

The series code of this occupation is 0505.

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/employees/occupations/financial-management