Auto Finance Manager Salaries

• Finance managers' salaries started at around $56,120 per year in 2010 to more than $166,400 per year. Auto finance managers represented 1.3 percent of financial managers working in the United States that year. They earned a mean $104,700 per year or $50.34 per hour. The median or 50th percentile salary was $93,810 per year, or $45.10 per hour, according to the U.S. Bureau of Labor Statistics. This suggests a few auto finance managers earned higher salaries, raising the mean above what is the typical income.
  
  

Industry Comparisons

• Compared with financial managers in other industries, auto finance managers held their own. The most common industry for financial managers, making up 14.6 percent of managers working in 2010, was the depository credit intermediation industry, with a mean $96,070 per year. Another common industry was in nondepository credit intermediation, with $116,650 annually on average. Insurance carriers paid their financial managers a mean $127,540 per year. The highest-paying industry was "other financial investment activities" with an average $168,640 annually, says the BLS.
  
  

Location Matters

• Location always affects salary, as it does for auto finance managers as well. While the BLS lists only the average salaries for financial managers in general by state, it does affect the income of auto finance managers. The state with the highest employment for financial managers was California, where the average income was $130,040 per year. In Texas, the mean income was $112,940 per year. Financial managers in Connecticut took home $111,860 on average in 2010, but it was New York that paid the highest mean with an average $155,600 annually, according to the BLS.
  
  

National Ranking

• In the United States, the average salary of financial managers of all kinds in 2010 was $116,970 per year, or $56.24 per hour. The median or 50th percentile salary was $103,910 a year or $49.96 hourly. This ranked auto finance managers in third quartile, or 50th to 75th percentile, of financial managers' salaries nationally.