Business & Finance Maryland (MD) Rank #8 of 50

Financial Controller Salary in Maryland

The median financial controller salary in Maryland is $143,750 per year, which is 15.0% above the national median of $125,000.

Median Salary
$143,750
vs National
+$18,750
State Rank
#8 of 50
Cost of Living
110%

Financial Controller Salary Overview in Maryland (2026)

Maryland ranks #8 out of 50 states for financial controller compensation. This places Maryland in the top tier nationally, making it one of the best states for financial controllers seeking high pay. At $143,750 per year, financial controllers in Maryland earn $18,750 more than the national median of $125,000.

It's worth noting that Maryland's cost of living is 110% of the national average, which reduces the real purchasing power of the $143,750 salary. After adjusting for cost of living, the effective salary is closer to $130,682.

The salary spread in Maryland is significant: financial controllers at the 10th percentile earn $89,700, while those at the 90th percentile bring home $227,700 — a $138,000 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Maryland for this role is Silver Spring, where the median reaches $158,750.

Nationally, financial controller employment is projected to grow 6% over the next decade (faster than average). This steady growth indicates stable demand for financial controllers across the country.

Financial Controller Salary in Maryland by Experience

In Maryland, an entry-level financial controller earns around $94,300, while experienced professionals earn up to $218,500 per year. The cost of living index in Maryland is 110% of the national average.

Entry Level (0-2 yrs)
$94,300
+$12,300 vs national
Mid Level (3-7 yrs)
$147,200
+$19,200 vs national
Senior Level (8+ yrs)
$218,500
+$28,500 vs national

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Salary Percentiles in Maryland

Percentile MD Salary
10th Percentile $89,700
25th Percentile $112,700
Median (50th) $143,750
75th Percentile $186,300
90th Percentile $227,700

Financial Controller Salary by City in Maryland

The largest employment areas for financial controllers in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Controller in Maryland

Education

Most financial controller positions require a bachelor's degree. Maryland has several accredited institutions offering relevant programs.

Key Skills

Financial ReportingGAAPERP SystemsBudgetingTeam LeadershipTax Compliance

Job Outlook in Maryland

Nationally, financial controller employment is projected to grow 6% over the next decade (faster than average). Maryland's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Controller Salary in Maryland

How much does a Financial Controller make in Maryland? ▼
The median financial controller salary in Maryland is $143,750 per year, which is 15.0% above the national median of $125,000. Salaries range from $89,700 (10th percentile) to $227,700 (90th percentile).
How much does a Financial Controller make per hour in Maryland? ▼
Based on the median annual salary of $143,750, a financial controller in Maryland earns approximately $69 per hour assuming a standard 2,080-hour work year.
Is Maryland a good state for financial controllers? ▼
Maryland ranks #8 out of 50 states for financial controller pay. The cost of living index is 110% of the national average. Entry-level financial controllers earn $94,300, while senior professionals earn $218,500.
How does Maryland compare to other states for financial controller salary? ▼
The highest paying state for financial controllers is Hawaii at $212,500. Maryland's median of $143,750 ranks #8 nationally. Nearby-ranked states include New Jersey ($153,750) and Connecticut ($150,000).
What is the entry-level financial controller salary in Maryland? ▼
An entry-level financial controller in Maryland earns approximately $94,300 per year. With 3-7 years of experience, pay increases to around $147,200. Senior-level professionals with 8+ years earn up to $218,500.
What city in Maryland pays financial controllers the most? ▼
Silver Spring is the highest paying city in Maryland for financial controllers, with a median salary of $158,750. Other cities include Baltimore and Columbia.