As of July 01, 2026, the average salary for a Financial Reporting Manager in Illinois is $133,576 per year, which breaks down to an hourly rate of $64.
However, a Financial Reporting Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Financial Reporting Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $142,466 | $11,872 | $2,740 | $68 |
| Average | $133,576 | $11,131 | $2,569 | $64 |
| 25th Percentile | $122,271 | $10,189 | $2,351 | $59 |
A Finkl & Sons Co - East Chatham, IL
Confidential - Chicago, IL
Confidential - Chicago, IL
Confidential - Chicago, IL
A Financial Reporting Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Financial Reporting Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Financial Reporting Accountant IV | 7+ years | $111,666 |
| Financial Reporting Supervisor | 7+ years | $120,760 |
| Financial Reporting Manager | 7+ years | $133,576 |
| Financial Reporting Director | 7+ years | $179,415 |
| VP of Financial Reporting | 7+ years | $206,419 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Financial Reporting Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Financial Reporting Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $149,404. While startup companies pay approximate $126,351.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $126,351 |
| Growth Stage | 51~500 | $133,636 |
| Established | 501~5000 | $144,278 |
| Enterprise | 5000+ | $149,404 |
For Financial Reporting Manager roles, the industry you choose can affect earning potential by as much as 90% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Financial Services sectors offer the strongest compensation, at 40% above the average. In contrast, Financial Reporting Manager positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Financial Reporting Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Pharmaceuticals | $187,007 | $90.0 | 40% |
| Financial Services | $173,649 | $83.0 | 30% |
| Biotechnology | $166,970 | $80.0 | 25% |
| Software & Networking | $160,291 | $77.0 | 20% |
| Internet | $153,613 | $74.0 | 15% |
Understanding how a Financial Reporting Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $142,466 | $11,872 | $2,740 | $68 |
| Average | $133,576 | $11,131 | $2,569 | $64 |
| 25th Percentile | $122,271 | $10,189 | $2,351 | $59 |
For a Financial Reporting Manager, the most direct path to higher earnings is advancing to the Financial Reporting Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $179,415 - a projected growth of 34% over your current level.
Ready to take the next step in your career? Browse thousands of current Financial Reporting Manager job openings on our job board. Use the search bar below to find your perfect match.
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