Hiring a financial manager in Modesto, CA
Employers in the Modesto, CA area pay financial managers a median of $160,180, with the middle half of the market between $109,800 and $207,400. Modesto residents working in management occupations report a median of $88,607, which is 45% below what the metro pays for this role.
What does a financial manager earn here?
Place of work
What employers pay
| 25th percentile | $109,800 |
| Median | $160,180 |
| 75th percentile | $207,400 |
Half of financial managers in this area earn between $109,800 and $207,400. A band set below $109,800 competes for the bottom quarter of the market.
Place of residence
What Modesto residents earn
$88,607
Median earnings of Modesto residents working in management occupations, 7,704 people. Census ACS 5-year 2023, tables S2401 and B24011. Where people live, not where they work, so it is not the same measurement as the wages beside it.
The 45% figure is not a pay gap. ACS counts the civilian employed population 16 and over, part-time and part-year work included; OEWS counts wage-and-salary jobs only. The two populations differ, so read this number against other cities rather than as a shortfall: the same definitional difference applies to every city equally, which is what makes a city-to-city reading sound.
The role pays well above the local residential norm, which usually means you can hire from inside Modesto rather than competing for commuters.
What does the role actually involve?
Core tasks
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Oversee the flow of cash or financial instruments.
- Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
- Recruit staff members.
- Evaluate data pertaining to costs to plan budgets.
O*NET 29.1, task statements for SOC 11-3031.
Tools and technologies in demand
Microsoft Excel, Microsoft Office software, Microsoft Outlook, Microsoft PowerPoint, SAP software, Accounting software, Intuit QuickBooks, Adobe Acrobat.
O*NET 29.1, flagged in demand or hot for this occupation. Useful as a screen, not as a checklist.
Is the talent actually in Modesto?
This is a job zone five: extensive preparation needed occupation. Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
That matters here, because 20.3% of Modesto adults hold a bachelor's degree or higher. That is a thin local pool for a degree-requiring role, so expect to recruit across the metro rather than inside the city. Census ACS 5-year 2023, table S1501.
The average Modesto commute runs 29.7 minutes, which is roughly how far your catchment reaches before candidates start saying no. 7.3% already work from home, so a fully onsite requirement here is competing against that.
How often do these jobs turn over?
In Stanislaus County, management of companies and enterprises employs 1,438 and turns over 4.6% a quarter, with 94 hires against 150 separations. Average earnings in that industry run $6,835 a month. Census LEHD Quarterly Workforce Indicators, 2024 Q1, NAICS 55.
That figure covers every occupation in the industry, not this role alone, so read it as the local churn rate rather than as a number about financial managers. It still tells you what you are hiring into: a low-churn market, where people do not move often and passive candidates are the whole game.
What does the search cost?
The fee is set by the seniority of the role, never by salary and never by location. Across all six tiers it runs $6,240 to $54,340 per search. A contingency firm hiring at this role's median would bill roughly $32,036 to $48,054 on the first year salary alone.
One owner runs the search from market map to signed offer. Searches typically fill in 23 to 35 days, which is a typical window rather than a promise, and the replacement guarantee runs 45 days at 50% off.
Price this search
Eight questions about the role. Your tier range appears on screen.
Hiring a financial manager somewhere else?
Same role, different market. The wage band moves with the metro.
- New York, NY
- Los Angeles, CA
- Chicago, IL
- Houston, TX
- Phoenix, AZ
- Philadelphia, PA
- San Antonio, TX
- San Diego, CA
- Dallas, TX
- Fort Worth, TX
- Jacksonville, FL
- Austin, TX
Other management roles in Modesto
- Administrative Services Managers
- Architectural and Engineering Managers
- Chief Executives
- Computer and Information Systems Managers
- Construction Managers
- Education Administrators, All Other
- Education Administrators, Kindergarten through Secondary
- Education Administrators, Postsecondary
- Education and Childcare Administrators, Preschool and Daycare
- Entertainment and Recreation Managers, Except Gambling
Related
- Hiring Financial Managers: the role, the pay, the process
- Recruiting services in Modesto
- Every California city we cover
Modesto is the 20th largest of 21 California cities in this dataset.