Financial Managers Salary in Washington, DC (2024)
Financial Managers in the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area earn a median of $177,690 per year ($85.43 per hour) based on 25,520 jobs counted by the Bureau of Labor Statistics in 2024. That is +9.9% against the national median of $161,700 for this occupation.
Pay distribution
The median is a single point on a wide curve. The table below shows where financial managers actually sit across the pay range in Washington, DC, from the bottom decile to the top.
| Percentile | Hourly | Annual | Note |
|---|---|---|---|
| 10th percentile | $51.66 | $107,460 | |
| 25th percentile | $69.25 | $144,040 | |
| Median | $85.43 | $177,690 | half earn more, half earn less |
| 75th percentile | $104.29 | $216,930 | |
| 90th percentile | — | — | |
| Average (mean) | $93.22 | $193,890 |
How Washington, DC compares
The local median of $177,690 runs +9.9% above the US median of $161,700 for this occupation; it pays 159.7% more than the metro-wide median across all jobs ($68,430); within the metro it ranks 15th of 703 detailed occupations by median pay.
| Benchmark | Median annual | Difference |
|---|---|---|
| Washington, DC — this occupation | $177,690 | — |
| US median, same occupation (all areas) | $161,700 | +9.9% |
| Washington, DC — all occupations | $68,430 | +159.7% |
| Highest metro in the US for this job | $216,520 | -17.9% |
At a location quotient of 1.54, this occupation is over-represented locally: the metro has about 154% of the national share of these workers.
High confidence The relative standard error on this estimate is 0.8%, which is a tight margin — the figure is stable enough to plan around.
Ranked 15th of 703 detailed occupations in the metro by median annual wage.
Highest-paying jobs in Washington, DC
To put $177,690 in context, these are the best-paid detailed occupations in the same metro area. This occupation sits 15th.
| Occupation | Median annual | Employment |
|---|---|---|
| Nurse Anesthetists | $225,340 | 390 |
| Family Medicine Physicians | $224,330 | 1,900 |
| General Internal Medicine Physicians | $223,030 | 1,740 |
| Psychiatrists | $219,970 | 570 |
| Ophthalmologists, Except Pediatric | $218,490 | 230 |
| Dentists, All Other Specialists | $199,990 | 150 |
| Computer and Information Systems Managers | $191,880 | 20,770 |
| Lawyers | $191,880 | 48,170 |
| Physicians, All Other | $191,880 | 11,170 |
| Nuclear Engineers | $189,770 | 300 |
Where financial managers earn the most
Across the 25 metro areas with released data for this occupation, medians run from $134,990 to $216,520. These are the top markets.
| Metro area | Median annual | Employment |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ | $216,520 | 77,970 |
| San Francisco-Oakland-Fremont, CA | $211,730 | 18,380 |
| Boston-Cambridge-Newton, MA-NH | $188,490 | 22,830 |
| Seattle-Tacoma-Bellevue, WA | $180,770 | 9,460 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $177,690 | 25,520 |
| Denver-Aurora-Centennial, CO | $177,470 | 8,190 |
| Los Angeles-Long Beach-Anaheim, CA | $171,920 | 35,320 |
| Atlanta-Sandy Springs-Roswell, GA | $168,990 | 16,620 |
| San Diego-Chula Vista-Carlsbad, CA | $168,300 | 8,120 |
| Austin-Round Rock-San Marcos, TX | $168,100 | 6,910 |
See the full national picture on the Financial Managers salary by metro page.
Frequently asked questions
What is the median salary for financial managers in Washington, DC?
The median annual wage is $177,690, or $85 per hour. That means half of the financial managers working in the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area earn more than this figure and half earn less. The average is $193,890.
Is financial managers pay in Washington, DC above the local average?
Yes, it is 159.7% above the all-occupation median for the metro, which is $68,430. That comparison is the fairer one for judging local purchasing power, because it holds the metro's overall cost and wage level constant.
How does Washington, DC pay compare with the rest of the US for this job?
At $177,690 the metro median is 9.9% higher than the US median of $161,700 for financial managers. Across the 25 metro areas covered here, this occupation ranges from $134,990 to $216,520.
How many financial managers work in Washington, DC?
BLS counts about 25,520 people in this occupation in the metro area, or 8.18 jobs per 1,000 total jobs. At a location quotient of 1.54, this occupation is over-represented locally: the metro has about 154% of the national share of these workers.
About these figures
Figures come from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey for 2024 (employment relative standard error 2.6%). OEWS measures what employers pay, not what any individual earns; it excludes self-employed workers, and it does not adjust for local cost of living.
Read the full methodology, or the original data at bls.gov/oes.