Financial Managers Salary in Riverside, CA

In Riverside, CA, financial managers typically earn a median annual salary of $144,040, which equates to about $69.25 per hour. This figure is below the national median for the occupation at $161,700. When compared to local household income, where the area's median household income stands at $86,031, it is evident that financial managers earn significantly more than the average household in Riverside. Despite this disparity, the local unemployment rate of 5.20% suggests a relatively stable job market for these professionals.

For entry-level financial managers in Riverside, earnings start near the 10th percentile mark at approximately $81,680 annually. As experience accumulates, salaries can rise considerably, with those at the 25th percentile earning around $103,270 and those at the 75th percentile reaching up to $195,460 per year. This substantial difference in pay is driven by factors such as increased responsibility, a broader scope of financial oversight, expertise in managing complex portfolios or larger teams, and potentially enhanced negotiation skills that come with time and success in the field. The progression from entry-level positions to more senior roles underscores the value placed on experience and proficiency within the industry.