How to Become a Financial Managers in New York
Financial Managers in New York earn a median salary of $215,740/year, which is 33% above the national average. New York has a state income tax of ~5.5%. After taxes and rent, a financial managers takes home approximately $10,951/month. Most positions require Bachelor's degree.
What a financial managers can afford in New York
Becoming a financial managers in New York
Meet education requirements
Financial Managers positions in New York typically require Bachelor's degree. Programs are available at colleges and training institutions across New York. Research accredited programs in your area.
Gain required experience
Many financial managers positions in New York require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain New York licensure or certification
New York may require specific licensing or professional certification for financial managerss. Requirements vary by state — contact the New York Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in New York
New York employs 67,510 financial managers. The highest concentrations are in New York-Newark-Jersey City and Buffalo-Cheektowaga.
Financial Managers salary by metro area in New York
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| New York-Newark-Jersey City | $217K | $104.1/hr | 77,970 |
| Buffalo-Cheektowaga | $163K | $78.2/hr | 2,530 |
| Kiryas Joel-Poughkeepsie-Newburgh | $159K | $76.62/hr | 680 |
| Rochester | $157K | $75.38/hr | 2,060 |
| Albany-Schenectady-Troy | $147K | $70.63/hr | 2,430 |
| Syracuse | $145K | $69.8/hr | 1,040 |
| Ithaca | $143K | $68.89/hr | 190 |
| Binghamton | $141K | $67.61/hr | 260 |
| Utica-Rome | $140K | $67.29/hr | 440 |
| Elmira | $139K | $66.75/hr | 80 |
| Glens Falls | $136K | $65.57/hr | 190 |
| Watertown-Fort Drum | $136K | $65.2/hr | 80 |
| Kingston | $135K | $64.95/hr | 160 |
Financial Managers salary range in New York
Financial Managers careers in other states
Frequently asked questions
How much does a financial managers make in New York?▼
The median financial managers salary in New York is $215,740 per year ($103.72/hr). This is 33% above the national median of $161,700. Salaries range from $115,910 to $0.
What are the requirements to become a financial managers in New York?▼
Financial Managers positions in New York typically require Bachelor's degree. New York may have specific licensing or certification requirements. Check with the New York licensing board or department of labor for current requirements.
Can a financial managers afford to live in New York?▼
At the median salary of $215,740, a financial managers in New York would take home approximately $12,363/month after taxes. With median 2-bedroom rent at $1,412/month, that's 11.4% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for financial managers in New York?▼
The highest paying metro areas for financial managers in New York are New York-Newark-Jersey City ($216,520), Buffalo-Cheektowaga ($162,660), Kiryas Joel-Poughkeepsie-Newburgh ($159,370). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does New York have state income tax for financial managers?▼
Yes, New York has a state income tax rate of approximately 5.5%. On a $215,740 salary, this means roughly $11,896/year in state income tax. Use our take-home pay calculator for a detailed breakdown.