Salary by Education Level
What the Data Shows
For Financial Managers positions, filings requiring a Master's degree carried an average declared salary of $159,041 versus $157,934 for those requiring a Bachelor's - a premium of +0.7%. Across all certified filings with a stated education level, 53% accepted a Bachelor's degree as the minimum requirement.
Education vs Salary
| Education Level | Average Salary | Filings | % of Total |
|---|---|---|---|
| Doctorate | $214,253 | 18 | 0.8% |
| Master's | $159,041 | 1,023 | 42.6% |
| Bachelor's | $157,934 | 1,272 | 53% |
| Other | $151,263 | 32 | 1.3% |
| None | $138,716 | 37 | 1.5% |
| Associate's | $130,653 | 12 | 0.5% |
| High School | $93,562 | 6 | 0.3% |
Education by Top Employer
| Employer | Most Common Minimum | % Bachelor's | % Master's | Median Salary |
|---|---|---|---|---|
| Microsoft Corporation | Master's | 41.7% | 58.3% | $116,000 |
| Goldman Sachs & Co. LLC | Bachelor's | 41.9% | 35.5% | $210,000 |
| Citibank, N.A. | Bachelor's | 53.8% | 46.2% | $115,000 |
| AMAZON CORPORATE | Master's | 2.6% | 97.4% | $106,000 |
| AMAZON.COM SERVICES LLC | Master's | 7.7% | 87.2% | $126,625 |
| JPMorgan Chase & Co | N/A | N/A | N/A | $200,000 |
| Deloitte & Touche LLP | Bachelor's | 100% | 0% | $118,104 |
| Citigroup Global Markets Inc. | Bachelor's | 57.1% | 42.9% | $200,000 |
| Ecolab Inc. | Master's | 0% | 100% | $110,323 |
| HSBC Bank USA N.A | Bachelor's | 90% | 10% | $165,000 |
| Deutsche Bank Securities Inc. | Master's | 30% | 60% | $250,000 |
| Morgan Stanley & Co LLC | Bachelor's | 60% | 33.3% | $250,000 |
| JP Morgan Chase & Co | Master's | 29.2% | 70.8% | $217,500 |
| MERRILL LYNCH | Master's | 50% | 50% | $240,000 |
| Grant Thornton LLP | Bachelor's | 94.4% | 5.6% | $131,800 |
| Deloitte Consulting LLP | Bachelor's | 71.4% | 28.6% | $148,450 |
| Deloitte Tax LLP | Master's | 25% | 58.3% | $153,008 |
| KPMG LLP | Master's | 12.5% | 87.5% | $164,507 |
| RBC Capital Markets LLC | Master's | 33.3% | 66.7% | $227,178 |
| Nomura Securities International, Inc. | Bachelor's | 57.1% | 28.6% | $219,500 |