Bloomingdale’s Finance Salaries: An Overview

Bloomingdale’s, a prominent department store chain owned by Macy’s, Inc., employs a range of finance professionals across various roles. Salaries in these positions can vary considerably depending on factors like experience, education, job title, location, and performance.

Factors Influencing Salary

• Experience: Entry-level positions naturally offer lower salaries than senior roles requiring years of expertise. Someone fresh out of college as a financial analyst will likely earn significantly less than a seasoned finance manager.
• Education: A bachelor’s degree in finance, accounting, or a related field is often a minimum requirement for many finance positions. Advanced degrees, such as an MBA or a Master’s in Finance, can command higher salaries. Professional certifications like the CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst) can also boost earning potential.
• Job Title: Job titles directly reflect responsibilities and seniority. Common finance roles at Bloomingdale’s might include Financial Analyst, Senior Financial Analyst, Finance Manager, Accounting Manager, and Controller. Each title corresponds to a different salary band.
• Location: Salaries are adjusted to reflect the cost of living in different geographic areas. Finance professionals working in New York City, where Bloomingdale’s has flagship stores, typically earn more than those in areas with a lower cost of living.
• Performance: Individual performance and contributions to the company can influence salary increases and bonuses. Exceptional performance consistently exceeding expectations can lead to faster career advancement and higher compensation.

Common Finance Roles and Salary Ranges (Estimates)

(Please note that these are estimated salary ranges based on available data from various sources and may not reflect exact figures for Bloomingdale’s specifically. Actual salaries may vary.)

• Financial Analyst: $55,000 – $80,000 per year
• Senior Financial Analyst: $75,000 – $110,000 per year
• Finance Manager: $90,000 – $140,000 per year
• Accounting Manager: $85,000 – $130,000 per year
• Controller: $120,000 – $200,000+ per year

Additional Compensation

In addition to base salary, Bloomingdale’s finance employees may be eligible for benefits such as health insurance, retirement plans (401k), paid time off, employee discounts, and performance-based bonuses. These benefits contribute significantly to the overall compensation package.

Finding More Precise Information

The most accurate way to determine the current salary range for a specific finance position at Bloomingdale’s is to consult online salary databases (such as Glassdoor, Salary.com, or Indeed), review job postings on the Bloomingdale’s careers website, or speak directly with a recruiter during the application process.