The Salary Range for a Payroll Manager
Payroll managers oversee all of the functions related to paying employees. The average annual salaries earned by payroll managers vary based on a variety of factors, such as work experience and employer type, according to a January 2010 reporting on Payscale.com.
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Work Experience
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Payroll managers with one year of experience or less average salaries of $31,444 to $39,067. After 20 years of experience or more, managers earned an average of $49,573 to $73,802.
Employer Type
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School districts paid one of the highest salaries to payroll managers at $42,334 to $77,479, and publicly traded companies paid $43,567 to $67,795. Hospitals paid managers $44,439 to $67,909, and managers working at private firms earned $43,198 to $68,784.
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Industry
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Payroll managers employed in the manufacturing industry averaged salaries of $44,175 to $69,458, and those who worked for retail companies earned an average of $46,826 to $73,481. Those employed by payroll services that work for many companies in various industries averaged $39,058 to $56,000.
Education
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Payroll managers with bachelor's degrees in accounting received the highest average salaries of $46,170 to $78,319, and those with bachelor's of science in business management averaged $44,611 to $66,662. Managers with associate's degrees in accounting earned an average of $43,338 to $61,757, and workers with only a high school diploma averaged $41,841 to $61,545.
Geography
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Payroll managers who worked in New Jersey averaged the highest annual salaries at $48,615 to $74,688. Other high-paying states for managers included California, New York and Illinois.
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