Financial Manager Salary in Richmond, VA: $156,519 (2024)

The median financial manager salary in Richmond, VA is $156,519 per year ($75.25/hour) as of 2026. This is based on official U.S. Bureau of Labor Statistics data. Salaries range from $98,651 for entry-level positions to $220,987 for experienced professionals in the top 10%.

Entry-level financial managers in Richmond, VA typically start at around $98,651 per year ($47.43/hour), representing the 10th percentile. New graduates and those with less than 2 years of experience fall into this range. With experience and skill development, salaries can progress to the median of $156,519 within 3-5 years.

Financial Managers in Richmond, VA earn a median hourly wage of $75.25 per hour. Hourly rates range from $47.43/hour at entry-level (10th percentile) to $106.24/hour for top earners (90th percentile). Based on a standard 2,080-hour work year, this translates to annual salaries between $98,651 and $220,987.

The median financial manager salary of $156,519 in Richmond, VA is slightly below the national median of $166,050 (5.7% lower). The cost of living is also 2% below average. This salary places you at the 50th percentile, meaning half of financial managers in the area earn more and half earn less.

Financial Managers in Richmond, VA earn slightly below the national average. The local median salary of $156,519 is 5.7% lower than the national median of $166,050. The cost of living is also 2% below average. When adjusted for cost of living, the effective salary is approximately $159,388.

The top 10% of financial managers in Richmond, VA earn $220,987 or more per year ($106.24/hour). These top earners typically have 10+ years of experience, advanced certifications, specialized expertise, or hold senior/management positions. The 75th percentile earns $190,898, which is a realistic goal for mid-career professionals.

Key skills that can boost financial manager salary in Richmond, VA include: Strong communication and interpersonal abilities, Problem-solving and critical thinking, Technical proficiency relevant to the field, Attention to detail and organizational skills. Professionals with these skills often earn above the median of $156,519, potentially reaching the 75th percentile ($190,898) or higher. Years of relevant experience

Richmond, VA has a moderate job market for financial managers, with approximately 564 professionals employed in the area. The median salary of $156,519 is slightly below the national average. The cost of living is also 2% below average. Job seekers should consider both salary and local industry demand when evaluating opportunities.

Compare your financial manager salary to these Richmond, VA benchmarks: 10th percentile (entry-level): $98,651, 25th percentile: $131,409, 50th percentile (median): $156,519, 75th percentile: $190,898, 90th percentile (top earners): $220,987. If you earn more than $156,519, you're above average for the area.

Beyond the $156,519 median base salary, financial managers in Richmond, VA typically receive comprehensive benefits including health insurance (medical, dental, vision), retirement plans (401k with employer matching), paid time off (15-25 days), and potentially bonuses or profit-sharing. Total compensation including benefits typically adds 25-40% to base salary value.

Experienced financial managers with 5-10 years in Richmond, VA typically earn $190,898 (75th percentile) to $220,987 (90th percentile) per year. Senior professionals with 10+ years, certifications, or management roles can reach the top 10% at $220,987. Mid-career professionals (3-5 years) usually earn around the median of $156,519.

Financial Managers in Richmond, VA can see significant salary growth over their careers. Entry-level ($98,651) to median ($156,519) typically takes 3-5 years. Reaching the 90th percentile ($220,987) may take 10+ years and often requires specialized skills, certifications, or leadership experience. That's a potential growth of $122,336 over a career.