How to Become a Financial Managers in Tennessee
Financial Managers in Tennessee earn a median salary of $133,010/year, which is 18% below the national average. Tennessee has no state income tax. After taxes and rent, a financial managers takes home approximately $7,060/month. Most positions require Bachelor's degree.
What a financial managers can afford in Tennessee
Becoming a financial managers in Tennessee
Meet education requirements
Financial Managers positions in Tennessee typically require Bachelor's degree. Programs are available at colleges and training institutions across Tennessee. Research accredited programs in your area.
Gain required experience
Many financial managers positions in Tennessee require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Tennessee licensure or certification
Tennessee may require specific licensing or professional certification for financial managerss. Requirements vary by state — contact the Tennessee Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Tennessee
Tennessee employs 18,650 financial managers. The highest concentrations are in Nashville-Davidson--Murfreesboro--Franklin and Memphis.
Financial Managers salary by metro area in Tennessee
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | $140K | $67.52/hr | 8,160 |
| Memphis | $134K | $64.66/hr | 3,110 |
| Knoxville | $132K | $63.43/hr | 2,010 |
| Chattanooga | $131K | $62.74/hr | 1,220 |
| Cleveland | $128K | $61.67/hr | 140 |
| Kingsport-Bristol | $125K | $60.12/hr | 460 |
| Morristown | $124K | $59.69/hr | 120 |
| Clarksville | $123K | $59.14/hr | 300 |
| Jackson | $118K | $56.88/hr | 330 |
| Johnson City | $116K | $55.61/hr | 340 |
Financial Managers salary range in Tennessee
Financial Managers careers in other states
Frequently asked questions
How much does a financial managers make in Tennessee?▼
The median financial managers salary in Tennessee is $133,010 per year ($63.95/hr). This is 18% below the national median of $161,700. Salaries range from $77,110 to $0.
What are the requirements to become a financial managers in Tennessee?▼
Financial Managers positions in Tennessee typically require Bachelor's degree. Tennessee may have specific licensing or certification requirements. Check with the Tennessee licensing board or department of labor for current requirements.
Can a financial managers afford to live in Tennessee?▼
At the median salary of $133,010, a financial managers in Tennessee would take home approximately $8,472/month after taxes. With median 2-bedroom rent at $1,412/month, that's 16.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for financial managers in Tennessee?▼
The highest paying metro areas for financial managers in Tennessee are Nashville-Davidson--Murfreesboro--Franklin ($140,440), Memphis ($134,480), Knoxville ($131,930). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Tennessee have state income tax for financial managers?▼
No, Tennessee does not have a state income tax. This means financial managers keep more of their gross salary compared to states with income tax — a significant advantage for affordability.