Baltimore · Occupational wage benchmark
Financial Managers Salary in Baltimore
What Financial Managers actually earn in the Baltimore metro area — the published BLS median, what it is worth after local costs, and how it ranks against other major metros.
Sources: U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) (May 2024 estimates (published April 2025)), Baltimore-Columbia-Towson, MD metro estimates for SOC 11-3031; cost-of-living adjustment from U.S. Bureau of Economic Analysis — Regional Price Parities by Metropolitan Statistical Area (MARPP) (2024). Occupational wage benchmarks across all workers, not MBA-specific outcomes.
- Median annual wage
- $157,990
- Financial Managers in Baltimore
- Adjusted for cost of living
- $151,205
- Baltimore price level 104.5 (U.S. = 100)
- Rank among metros
- #32 of 49
- #39 after cost of living
- Workers employed
- 9,990
- in metro Baltimore
What Financial Managers earn in Baltimore, adjusted for what it costs to live there
A headline wage only means something next to local prices. Once local prices are accounted for, Baltimore drops 7 places — a higher headline wage is partly consumed by a higher cost of living.
| Metro | Median (nominal) | Adjusted for cost of living |
|---|---|---|
| San Jose | $225,280 | $204,015 |
| New York | $221,010 | $196,343 |
| San Francisco | $216,150 | $186,960 |
| Boston | $209,780 | $193,764 |
| Denver | $193,400 | $182,829 |
| Seattle | $185,550 | $166,962 |
| Washington DC | $185,270 | $170,154 |
| Los Angeles | $175,310 | $154,368 |
| San Diego | $174,210 | $155,702 |
| Richmond | $173,140 | $176,930 |
| Charlotte | $172,760 | $177,466 |
| Atlanta | $171,240 | $171,141 |
| Hartford | $170,310 | $165,758 |
| Dallas-Fort Worth | $169,200 | $164,128 |
| Chicago | $168,810 | $162,952 |
| Providence | $167,570 | $164,651 |
| Austin | $167,180 | $170,477 |
| Philadelphia | $166,920 | $162,763 |
| Houston | $166,910 | $169,230 |
| Minneapolis | $165,620 | $158,001 |
Nominal medians: BLS OEWS, May 2024 estimates (published April 2025) — occupational wage benchmarks across all workers, not MBA-specific outcomes. Adjusted column: SalaryMBA estimate, computed as nominal ÷ (metro RPP ÷ 100) using BEA MARPP 2024 regional price parities.
The national pay range for Financial Managers
BLS publishes the full percentile distribution nationally. The spread within the occupation is usually far wider than the gap between metros.
| Percentile (national) | Annual wage | Reading |
|---|---|---|
| 10th percentile | $94,310 | Entry / early-career end |
| 25th percentile | $125,490 | |
| Median (50th) | $166,570 | |
| 75th percentile | $219,980 | |
| 90th percentile | $323,270 | Senior / top-market end |
Other MBA-relevant roles in Baltimore
How to read the Baltimore number
The $157,990 median means half of Financial Managers in the Baltimore area earn less and half earn more. It is measured across everyone in the occupation — every experience level, industry, and level of education. It is not the salary of a recent MBA graduate, and it is not a starting salary.
BLS counts roughly 9,990 people in this role in the Baltimore area. To compare against the state and national picture, see Financial Managers nationally or model your own economics with the MBA ROI calculator.
Frequently asked questions
How much do Financial Managers make in Baltimore?
Financial Managers in the Baltimore metro area earn a median of $157,990 per year, according to BLS OEWS May 2024 estimates (published April 2025). That is -5.2% vs national, ranking Baltimore #32 of 49 major metros we track for this role. This is an occupational wage benchmark across all workers in the metro, not an MBA-graduate-specific salary.
Is $157,990 a good salary in Baltimore?
It depends on local prices. The Baltimore area price level is 104.5 against a U.S. average of 100, so $157,990 there carries roughly the purchasing power of $151,205 nationally — about $6,785 less than the headline number implies. Once local prices are accounted for, Baltimore drops 7 places — a higher headline wage is partly consumed by a higher cost of living.
Do Financial Managers in Baltimore need an MBA?
These BLS figures cover everyone in the occupation regardless of degree, so they cannot isolate what an MBA adds. Financial Managers is a role MBA graduates commonly target, and an MBA can affect where you land within the range through network, function, and seniority — but any precise MBA premium for this role in Baltimore would not be supported by this data.
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