Financial Managers Average Salary in New Mexico
$147,820 average · $147,820 median · BLS OEWS 2025
SOC Code: 11-3031What is this?
This page shows employer-reported wages for Financial Managers in New Mexico, drawn from the Bureau of Labor Statistics OEWS survey — median and mean pay, the full percentile distribution, and the industries that employ this occupation locally. Pay in management tracks organizational size and industry economics more than personal tenure. Moving from a low-margin industry to a high-margin one, or from a small employer to a large one, typically moves a manager further up the percentile range than years of additional experience in place. Bonus and incentive pay, which the survey data only partially captures, also makes up a larger share of total compensation here than in most fields.
How much do Financial Managers make in New Mexico?
The average financial managers salary in New Mexico is $147,820 per year. That works out to about $71.07 per hour on average. BLS counts roughly 2,530 financial managers jobs in New Mexico.
Mean and median are close, so pay is relatively concentrated around $147,820. Entry-level roles (10th percentile) report about $147,820; experienced workers at the 90th percentile report about $147,820 — a 0% spread from bottom to top. Figures are employer-reported wages from the Bureau of Labor Statistics Occupational Employment and Wage Statistics program — not self-reported survey averages — so they are the right baseline for offers, raises, and relocation decisions in this market.
How Management Careers Are Structured
Management occupations sit at the top of most organizational pay scales because compensation reflects the scope of what is managed: budget, headcount, and risk. Two managers with the same title can have radically different jobs — running a three-person retail team versus a three-hundred-person division — and the wage distribution for management roles is correspondingly one of the widest in the labor data.
The wage tables and percentile chart on this page show how financial managers pay is distributed in New Mexico specifically — and because state-level wages for the same occupation routinely differ by 30% or more, the local figures here are the ones that matter for offers, raises, and relocation decisions in this market.
What Moves Pay in This Field
Pay in management tracks organizational size and industry economics more than personal tenure. Moving from a low-margin industry to a high-margin one, or from a small employer to a large one, typically moves a manager further up the percentile range than years of additional experience in place. Bonus and incentive pay, which the survey data only partially captures, also makes up a larger share of total compensation here than in most fields.
Almost nobody is hired into management from outside the workforce; these roles are reached by promotion from the occupations being managed. That makes the relevant comparison for an aspiring manager the gap between this page and the salary page for their current occupation — that gap is the financial value of the step up, and it varies a great deal by field.
New to reading wage distributions? Our guide to salary percentiles explains how to place yourself on the chart above, and the negotiation playbook shows how to use these numbers in an actual conversation.
Critical Worker ShortageBright Outlook
Financial Managers is experiencing a critical labor shortage. Employers are actively competing for qualified candidates.
What Do Financial Managers Do?
Financial Managers positions belong to the management field. Management occupations sit at the top of most organizational pay scales because compensation reflects the scope of what is managed: budget, headcount, and risk. Two managers with the same title can have radically different jobs — running a three-person retail team versus a three-hundred-person division — and the wage distribution for management roles is correspondingly one of the widest in the labor data.
Standard Occupational Classification (SOC) Code: 11-3031
Financial Managers pay in New Mexico
In New Mexico, financial managers report a median of $147,820 (about $71.07/hour) across roughly 2,530 jobs. The local pay band runs from about $147,820 at the 10th percentile to $147,820 at the 90th.
Compared with the national distribution, local industry mix and cost of living are the main reasons New Mexico wages for this occupation sit where they do — toggle Regional Price Parity on this page to see purchasing-power-adjusted pay.
What your paycheck is really worth in New Mexico
Prices in New Mexico run 8% below the national average (RPP 92.2). So a nominal salary of $147,820 has the buying power of about $160,305 in national terms.
New Mexico vs. United States for Financial Managers
The median financial managers salary in New Mexico is $147,820, which is -21.4% below the national median of $188,160 (mean pay is -20.4% below the U.S. mean of $185,663). Among 51 states and D.C. with OEWS data, New Mexico ranks #41 by median wage for this occupation. New Mexico accounts for about 0.1% of U.S. financial managers employment in the latest OEWS release.
See every state ranked for this occupation on the best-paying states page, or compare purchasing power on real wages.
Income reality check
The median salary for Financial Managers in New Mexico of $147,820 falls in the Rich band of this framework - roughly ~18% of the U.S. population and ~2.5% of the global population sit in this band.
Illustrative relative standing for education only - this ladder is a simplified framework, not an official Census, BLS, or World Bank statistical series. Salary figures on Wage Atlas come from official BLS OEWS data.
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Job Outlook 2023-2033
Official BLS Employment Projections for Financial Managers
Skills & What You Do
Most occupations require a bachelor's degree plus experience
- Direct an organization's financial goals and budgets
- Prepare financial statements and forecasts
- Supervise finance staff
- Ensure regulatory compliance
Top Industries for Financial Managers
| $203,157 | $175,310 | $98 | 544,720 | |
| $202,070 | $172,340 | $97 | 282,510 | |
| $199,740 | $174,170 | $96 | 245,740 | |
| $142,810 | $136,970 | $69 | 72,590 |
Related Occupations
SOC: 23-1011 • 88% match | $184,127 | $191,320 | $89 | 3,976,160 |
SOC: 11-9111 • 88% match | $142,093 | $140,970 | $68 | 3,540,930 |
SOC: 15-1212 • 94% match | $131,879 | $134,010 | $63 | 1,002,960 |
SOC: 17-2071 • 94% match | $124,768 | $125,100 | $60 | 1,077,510 |
| Find Occupation 17 2071 Jobs | ||||
SOC: 11-9021 • 88% match | $124,200 | $124,360 | $60 | 2,014,570 |
SOC: 17-2141 • 93% match | $113,768 | $113,610 | $55 | 1,596,340 |
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Financial Managers in Other States
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Viewing: Financial Managers (SOC: 11-3031)