Phoenix · Occupational wage benchmark

Financial Managers Salary in Phoenix

Name: Financial Managers wages in Phoenix
Creator: U.S. Bureau of Labor Statistics
License: https://www.bls.gov/opub/copyright-information.htm

What Financial Managers actually earn in the Phoenix metro area — the published BLS median, what it is worth after local costs, and how it ranks against other major metros.

Direct answer

Financial Managers in the Phoenix metro area earn a median of $145,940 per year (-12.4% vs national, #39 of 49 major metros). Because the area price level is 103.3 against a U.S. average of 100, that salary carries roughly the purchasing power of $141,256 nationally. These are BLS occupational wage benchmarks across all workers — not MBA-graduate-specific outcomes.

Sources: U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) (May 2024 estimates (published April 2025)), Phoenix-Mesa-Chandler, AZ 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: $145,940; Financial Managers in Phoenix
Adjusted for cost of living: $141,256; Phoenix price level 103.3 (U.S. = 100)
Rank among metros: #39 of 49; #46 after cost of living
Workers employed: 12,030; in metro Phoenix

What Financial Managers earn in Phoenix, adjusted for what it costs to live there

A headline wage only means something next to local prices. Once local prices are accounted for, Phoenix 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 Phoenix

Computer and Information Systems Managers $169,720 Sales Managers $148,320 Human Resources Managers $145,610 Chief Executives $138,900 Marketing Managers $132,580 Medical and Health Services Managers $130,070 Industrial Production Managers $126,960 Data Scientists $114,540 Personal Financial Advisors $103,680 Project Management Specialists $100,780 Transportation, Storage, and Distribution Managers $99,710 General and Operations Managers $98,610 Management Analysts $94,900 Financial and Investment Analysts $94,700 Accountants and Auditors $80,820 Logisticians $79,370 Operations Research Analysts $79,190 Market Research Analysts and Marketing Specialists $74,590

How to read the Phoenix number

The $145,940 median means half of Financial Managers in the Phoenix 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 12,030 people in this role in the Phoenix 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 Phoenix?

Financial Managers in the Phoenix metro area earn a median of $145,940 per year, according to BLS OEWS May 2024 estimates (published April 2025). That is -12.4% vs national, ranking Phoenix #39 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 $145,940 a good salary in Phoenix?

It depends on local prices. The Phoenix area price level is 103.3 against a U.S. average of 100, so $145,940 there carries roughly the purchasing power of $141,256 nationally — about $4,684 less than the headline number implies. Once local prices are accounted for, Phoenix drops 7 places — a higher headline wage is partly consumed by a higher cost of living.

Do Financial Managers in Phoenix 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 Phoenix would not be supported by this data.

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