How to Become a Financial Managers in Indiana
Financial Managers in Indiana earn a median salary of $132,320/year, which is 18% below the national average. Indiana has a state income tax of ~3.1%. After taxes and rent, a financial managers takes home approximately $6,684/month. Most positions require Bachelor's degree.
What a financial managers can afford in Indiana
Becoming a financial managers in Indiana
Meet education requirements
Financial Managers positions in Indiana typically require Bachelor's degree. Programs are available at colleges and training institutions across Indiana. Research accredited programs in your area.
Gain required experience
Many financial managers positions in Indiana require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Indiana licensure or certification
Indiana may require specific licensing or professional certification for financial managerss. Requirements vary by state — contact the Indiana Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Indiana
Indiana employs 11,440 financial managers. The highest concentrations are in Columbus and Indianapolis-Carmel-Greenwood.
Financial Managers salary by metro area in Indiana
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Columbus | $153K | $73.54/hr | 170 |
| Indianapolis-Carmel-Greenwood | $140K | $67.15/hr | 4,750 |
| Elkhart-Goshen | $139K | $66.85/hr | 410 |
| Bloomington | $134K | $64.29/hr | 250 |
| South Bend-Mishawaka | $134K | $64.29/hr | 590 |
| Fort Wayne | $128K | $61.58/hr | 780 |
| Kokomo | $128K | $61.36/hr | 110 |
| Lafayette-West Lafayette | $127K | $61.12/hr | 250 |
| Terre Haute | $123K | $59.12/hr | 200 |
| Evansville | $123K | $59.07/hr | 510 |
| Michigan City-La Porte | $115K | $55.13/hr | 90 |
| Muncie | $110K | $52.75/hr | 180 |
Financial Managers salary range in Indiana
Financial Managers careers in other states
Frequently asked questions
How much does a financial managers make in Indiana?▼
The median financial managers salary in Indiana is $132,320 per year ($63.62/hr). This is 18% below the national median of $161,700. Salaries range from $75,420 to $218,350.
What are the requirements to become a financial managers in Indiana?▼
Financial Managers positions in Indiana typically require Bachelor's degree. Indiana may have specific licensing or certification requirements. Check with the Indiana licensing board or department of labor for current requirements.
Can a financial managers afford to live in Indiana?▼
At the median salary of $132,320, a financial managers in Indiana would take home approximately $8,096/month after taxes. With median 2-bedroom rent at $1,412/month, that's 17.4% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for financial managers in Indiana?▼
The highest paying metro areas for financial managers in Indiana are Columbus ($152,950), Indianapolis-Carmel-Greenwood ($139,660), Elkhart-Goshen ($139,040). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Indiana have state income tax for financial managers?▼
Yes, Indiana has a state income tax rate of approximately 3.1%. On a $132,320 salary, this means roughly $4,036/year in state income tax. Use our take-home pay calculator for a detailed breakdown.