How to Become a Financial Managers in Alabama
Financial Managers in Alabama earn a median salary of $138,040/year, which is 15% below the national average. Alabama has a state income tax of ~4.9%. After taxes and rent, a financial managers takes home approximately $6,785/month. Most positions require Bachelor's degree.
What a financial managers can afford in Alabama
Becoming a financial managers in Alabama
Meet education requirements
Financial Managers positions in Alabama typically require Bachelor's degree. Programs are available at colleges and training institutions across Alabama. Research accredited programs in your area.
Gain required experience
Many financial managers positions in Alabama require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Alabama licensure or certification
Alabama may require specific licensing or professional certification for financial managerss. Requirements vary by state — contact the Alabama Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Alabama
Alabama employs 6,390 financial managers. The highest concentrations are in Huntsville and Birmingham.
Financial Managers salary by metro area in Alabama
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Huntsville | $155K | $74.29/hr | 750 |
| Birmingham | $152K | $72.96/hr | 2,370 |
| Decatur | $135K | $64.83/hr | 140 |
| Montgomery | $133K | $63.99/hr | 590 |
| Daphne-Fairhope-Foley | $129K | $61.82/hr | 140 |
| Florence-Muscle Shoals | $127K | $61.26/hr | 120 |
| Tuscaloosa | $127K | $60.97/hr | 220 |
| Mobile | $127K | $60.82/hr | 540 |
| Dothan | $126K | $60.63/hr | 110 |
| Auburn-Opelika | $123K | $59.02/hr | 150 |
| Anniston-Oxford | $119K | $57.01/hr | 70 |
| Gadsden | $114K | $54.98/hr | 70 |
Financial Managers salary range in Alabama
Financial Managers careers in other states
Frequently asked questions
How much does a financial managers make in Alabama?▼
The median financial managers salary in Alabama is $138,040 per year ($66.37/hr). This is 15% below the national median of $161,700. Salaries range from $84,440 to $0.
What are the requirements to become a financial managers in Alabama?▼
Financial Managers positions in Alabama typically require Bachelor's degree. Alabama may have specific licensing or certification requirements. Check with the Alabama licensing board or department of labor for current requirements.
Can a financial managers afford to live in Alabama?▼
At the median salary of $138,040, a financial managers in Alabama would take home approximately $8,197/month after taxes. With median 2-bedroom rent at $1,412/month, that's 17.2% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for financial managers in Alabama?▼
The highest paying metro areas for financial managers in Alabama are Huntsville ($154,510), Birmingham ($151,750), Decatur ($134,850). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Alabama have state income tax for financial managers?▼
Yes, Alabama has a state income tax rate of approximately 4.9%. On a $138,040 salary, this means roughly $6,737/year in state income tax. Use our take-home pay calculator for a detailed breakdown.