How to Become a Financial Managers in Virginia
Financial Managers in Virginia earn a median salary of $185,220/year, which is 11% above the national average. Virginia has a state income tax of ~5.5%. After taxes and rent, a financial managers takes home approximately $8,914/month. Most positions require Bachelor's degree.
What a financial managers can afford in Virginia
Becoming a financial managers in Virginia
Meet education requirements
Financial Managers positions in Virginia typically require Bachelor's degree. Programs are available at colleges and training institutions across Virginia. Research accredited programs in your area.
Gain required experience
Many financial managers positions in Virginia require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Virginia licensure or certification
Virginia may require specific licensing or professional certification for financial managerss. Requirements vary by state, contact the Virginia Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Virginia
Virginia employs 20,850 financial managers. The highest concentrations are in Richmond and Charlottesville.
Financial Managers salary by metro area in Virginia
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Richmond | $173K | $83.24/hr | 3,480 |
| Charlottesville | $170K | $81.85/hr | 450 |
| Virginia Beach-Chesapeake-Norfolk | $164K | $78.82/hr | 2,290 |
| Roanoke | $158K | $75.97/hr | 490 |
| Lynchburg | $155K | $74.7/hr | 220 |
| Winchester | $152K | $73.07/hr | 270 |
| Harrisonburg | $148K | $71.25/hr | 140 |
| Blacksburg-Christiansburg-Radford | $140K | $67.21/hr | 210 |
| Staunton-Stuarts Draft | $137K | $66.07/hr | 120 |
Financial Managers salary range in Virginia
Financial Managers careers in other states
Frequently asked questions
How much does a financial managers make in Virginia?▼
The median financial managers salary in Virginia is $185,220 per year ($89.05/hr). This is 11% above the national median of $166,570. Salaries range from $108,760 to $323,300.
What are the requirements to become a financial managers in Virginia?▼
Financial Managers positions in Virginia typically require Bachelor's degree. Virginia may have specific licensing or certification requirements. Check with the Virginia licensing board or department of labor for current requirements.
Can a financial managers afford to live in Virginia?▼
At the median salary of $185,220, a financial managers in Virginia would take home approximately $10,649/month after taxes. With median 2-bedroom rent at $1,735/month, that's 16.3% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for financial managers in Virginia?▼
The highest paying metro areas for financial managers in Virginia are Richmond ($173,140), Charlottesville ($170,250), Virginia Beach-Chesapeake-Norfolk ($163,940). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Virginia have state income tax for financial managers?▼
Yes, Virginia has a state income tax rate of approximately 5.5%. On a $185,220 salary, this means roughly $10,134/year in state income tax. Use our take-home pay calculator for a detailed breakdown.