Average Financial Manager Salary in Michigan

Financial managers are responsible for the financial health of organizations — they produce financial reports, direct investment activities, and develop strategies for the long-term financial goals of their organization. With a BLS median salary of $156,100, financial managers are among the highest-paid business professionals. The role spans a broad range of titles including controller, treasurer, finance director, credit manager, and cash manager. Employment is projected to grow 16% through 2032 — much faster than average — as businesses expand globally and face increasingly complex financial regulations and investment environments.

In Michigan, financial managers earn an average of $159,123 per year as of 2026, with salaries ranging from $104,889 for entry-level roles to $232,243 for the most experienced professionals — +4.2% below the national average. Pay is influenced most by industry — private equity, hedge funds, and investment banks pay 50–100%+ above the median, company size and revenue — managing finances for a $1b+ company commands premium pay, and the specific metro area within Michigan.