Financial Managers Salary in Des Moines, IA

In Des Moines, IA, financial managers earn a median annual salary of $143,600 and an hourly wage of $69.04. When compared to the national median salary for this occupation, which stands at $161,700, local financial managers in Des Moines earn less than their counterparts across the United States. This salary is significantly higher than the area's median household income of $84,209, indicating that individuals employed as financial managers have a considerably larger earning capacity relative to the typical household within the region. With an estimated 4,090 professionals currently employed in this field and a local unemployment rate of 3.00%, financial managers in Des Moines enjoy strong job stability and competitive compensation.

The earnings for entry-level financial managers typically align with the lower quartile of the salary distribution, earning around $86,750 annually or potentially more as they gain experience. In contrast, experienced professionals may see salaries reaching up to $182,320, which is at the 75th percentile. This substantial disparity in pay between entry-level and seasoned workers can be attributed to several factors, including increased responsibilities, expertise, and the ability to manage larger budgets and complex financial portfolios. Additionally, higher education levels, specialized certifications, and a proven track record of success contribute significantly to salary growth over time within this occupation.