Prevailing Wage for Financial Managers
Prevailing wage for Financial Managers is set by the DOL at four experience levels, so whether your offer is for a Branch Manager, an Accounting Supervisor, or a Banking Center Manager (BCM), the wage floor your employer must meet depends on both your level and the worksite city. Floors vary widely across U.S. metro areas.
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Entry-level Financial Managers with limited experience, typically in a support or junior management capacity with close supervision. Candidates new to the occupation who hold a qualifying degree but lack independent decision-making scope generally file at this level.
Qualified Financial Managers with moderate experience working with general supervision. Level 2 is the most common filing level for Financial Managers, covering professionals who apply established practices independently but do not yet set policy or lead teams.
Experienced Financial Managers who work independently, often supervising others and contributing to financial strategy. These professionals require minimal oversight and bring specialized knowledge across accounting, investment, or risk functions within their organization.
Fully competent Financial Managers at the senior or executive level who set policy, lead departments, and exercise broad discretionary authority. This level covers Credit Administration Managers and similar senior roles with organization-wide financial oversight responsibilities.
Prevailing Wage for Financial Managers by OES area
Each shape is a DOL OES area, the unit prevailing wage is published for.
What’s an OES area?
The Department of Labor publishes prevailing wages for geographic zones called OES areas. Every U.S. county belongs to exactly one, and the wage floor applies across the whole area. A worker in Oakland gets the San Francisco metro wage, not a separate Oakland wage.
Top 10 cities · Level 1
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See which U.S. employers are actively hiring for Financial Managers and sponsoring H-1B, OPT, and green card visas at or above the prevailing wage.
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Confirm your title maps to SOC 11-3031
Titles like Credit Manager or Business Banking Manager are common aliases for this occupation. If your employer files your LCA under a different SOC, your petition may not clear the Financial Managers prevailing wage floor, costing you wage protections you are entitled to.
Exclude bonuses from your wage floor check
For Financial Managers, total compensation often includes annual bonuses, RSU grants, or signing-bonus arrangements. DOL's prevailing wage requirement applies to the base salary only. An offer that clears the floor on total comp but falls short on base salary is still noncompliant.
Watch the gap between top and bottom metros
The L2 prevailing wage for Financial Managers in San Jose, CA is several times higher than in Mayaguez, PR. If your employer's LCA lists a low-cost worksite but you work primarily in a high-cost market, the posted wage may not reflect your actual work location.
Use Migrate Mate to find active sponsors
Migrate Mate shows which employers have historically sponsored Financial Managers and Credit Managers on H-1B and other visa types. Filtering by employer sponsorship history helps you prioritize companies already familiar with LCA filings for this occupation.
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Find Jobs for Financial ManagersPrevailing Wage by Reported Job Title
DOL classifies these titles under SOC 11-3031.00 alongside Financial Managers, so the same four-tier wage schedule applies to each. Tap a title to see the full breakdown.
Accounting Supervisor Prevailing Wage
Accounting Supervisor Prevailing Wage
Accounting Supervisor positions fall under SOC 11-3031.00 (Financial Managers). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Banking Center Manager (BCM) Prevailing Wage
Banking Center Manager (BCM) Prevailing Wage
When a U.S. employer sponsors a Banking Center Manager (BCM) for a work visa or green card, DOL applies the prevailing wage schedule for SOC 11-3031.00 (Financial Managers). Wage level reflects the role's experience and responsibility, not the title itself.
Branch Manager Prevailing Wage
Branch Manager Prevailing Wage
Branch Manager is an O*NET-reported job title within SOC 11-3031.00 (Financial Managers). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Business Banking Manager Prevailing Wage
Business Banking Manager Prevailing Wage
Business Banking Manager positions fall under SOC 11-3031.00 (Financial Managers). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Credit Administration Manager Prevailing Wage
Credit Administration Manager Prevailing Wage
When a U.S. employer sponsors a Credit Administration Manager for a work visa or green card, DOL applies the prevailing wage schedule for SOC 11-3031.00 (Financial Managers). Wage level reflects the role's experience and responsibility, not the title itself.
Credit Manager Prevailing Wage
Credit Manager Prevailing Wage
Credit Manager is an O*NET-reported job title within SOC 11-3031.00 (Financial Managers). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Financial Center Manager Prevailing Wage
Financial Center Manager Prevailing Wage
Financial Center Manager positions fall under SOC 11-3031.00 (Financial Managers). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Financial Planning Manager Prevailing Wage
Financial Planning Manager Prevailing Wage
When a U.S. employer sponsors a Financial Planning Manager for a work visa or green card, DOL applies the prevailing wage schedule for SOC 11-3031.00 (Financial Managers). Wage level reflects the role's experience and responsibility, not the title itself.
Financial Reporting Manager Prevailing Wage
Financial Reporting Manager Prevailing Wage
Financial Reporting Manager is an O*NET-reported job title within SOC 11-3031.00 (Financial Managers). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Financial Systems Manager Prevailing Wage
Financial Systems Manager Prevailing Wage
Financial Systems Manager positions fall under SOC 11-3031.00 (Financial Managers). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Frequently Asked Questions
How does DOL set the prevailing wage for Financial Managers?
DOL uses Occupational Employment and Wage Statistics survey data, collected by the Bureau of Labor Statistics, to calculate median wages for Financial Managers by metropolitan area. The OFLC then maps those figures to four wage levels based on experience. Employers filing an LCA for a sponsored Financial Manager must pay at least the DOL-determined prevailing wage for the applicable level and worksite location.
What do the four wage levels mean and how do I know which one applies to my offer?
The four levels reflect increasing experience and responsibility. Level 1 covers entry-level roles under close supervision. Level 2 applies to qualified professionals working with general supervision, and is the most common filing level for Financial Managers. Level 3 covers experienced managers with independent scope. Level 4 applies to senior leaders setting policy. Your level should match your actual job duties, not just your job title, and USCIS can challenge misclassified filings.
Why does the prevailing wage for the same Financial Managers role vary so much by city?
DOL calculates prevailing wages from regional Occupational Employment and Wage Statistics surveys, so each metro area reflects local labor market conditions. Dense financial employer markets like New York and San Jose drive wages significantly higher than smaller metros. The LCA worksite rule requires employers to use the wage for the city where work is actually performed, not where the company is headquartered, so remote or hybrid arrangements require careful worksite classification.
What happens if an employer offers a salary below the prevailing wage for a sponsored Financial Managers position?
DOL will not certify an LCA where the offered wage falls below the prevailing wage floor for the stated level and worksite. Without a certified LCA, USCIS will not approve the underlying H-1B or other work visa petition. If a shortfall is discovered after certification, the employer faces back-pay liability and potential debarment from future sponsorship filings. Candidates should verify the wage independently before countersigning any offer.
How do I find and verify the prevailing wage for Financial Managers in a specific U.S. location?
Use the OFLC Wage Search tool to look up the current DOL prevailing wage for SOC code 11-3031 in any metropolitan area. Select the correct wage level based on the duties in your offer letter. You can also cross-reference the O*NET occupation profile for Financial Managers to confirm the SOC code is correct. Migrate Mate lists employers with verified Financial Managers sponsorship history, helping you identify companies already active in filing at this occupation code.
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