Boeing Finance Manager Salary: An Overview
A Finance Manager at Boeing plays a vital role in overseeing the financial health and stability of the aerospace giant. This position involves a wide range of responsibilities, from budgeting and forecasting to financial reporting and analysis. As such, compensation for this role reflects its significance within the company.
The salary for a Finance Manager at Boeing can vary widely based on several factors. These factors include experience level, education, specific job responsibilities, location within the United States, and overall company performance. Generally, more experienced managers with advanced degrees, such as an MBA or Master’s in Finance, tend to command higher salaries.
While precise figures are subject to change and internal Boeing policies, several sources offer insights into the typical salary range. Salary websites like Glassdoor, Salary.com, and Payscale provide estimates based on reported data. These estimates often show a range spanning from approximately $110,000 to $180,000 per year. Senior Finance Managers or those managing larger teams or more complex projects may earn salaries exceeding this range, sometimes reaching $200,000 or more. Entry-level Finance Managers, or those with less experience, might start at the lower end of the range.
Beyond the base salary, Boeing typically offers a comprehensive benefits package to its employees, which further enhances the overall compensation. This package can include health insurance (medical, dental, vision), paid time off (vacation, sick leave, holidays), retirement plans (401k with company match, pension plans), stock options or employee stock purchase plans, life insurance, disability insurance, and various employee assistance programs.
Furthermore, performance-based bonuses are often a component of the compensation structure for Finance Managers at Boeing. These bonuses are usually tied to individual performance, team performance, and the overall financial performance of the company. Strong performance can lead to significant bonus payouts, further increasing total annual compensation.
Location also plays a key role. Finance Manager positions in areas with a higher cost of living, such as Seattle, Washington (Boeing’s historical headquarters), or other major metropolitan areas, may offer slightly higher salaries to compensate for the increased expenses. Boeing locations in lower-cost-of-living areas might have corresponding adjustments to salary levels.
In summary, a Finance Manager at Boeing can expect a competitive salary and benefits package, with the specific amount depending on a multitude of factors. While specific figures fluctuate, the salary ranges reported by reputable sources offer a reasonable benchmark for understanding the potential earning potential in this important role.