Business Unit Controller Salary
Business Unit Controllers in the United States can look forward to a sizeable six-figure salary — around $97K per year on average. Total cash compensation for Business Unit Controllers runs from $60K to $148K depending on bonuses that can occasionally exceed $25K and profit sharing that can reach almost $15K. Location and experience level each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. There are more male Business Unit Controllers than female among those who completed the questionnaire, making up 60 percent. The majority of Business Unit Controllers claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
|Salary||$59,808 - $134,209|
|Bonus||$3,988 - $25,392|
|Profit Sharing||$-0.50 - $15,152|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$60,377 - $147,949|
|Bonus||$3,988 - $25,392|
|Profit Sharing||$-0.50 - $15,152|
|Total Pay (||$60,377 - $147,949|
Job Description for Business Unit Controller
A business unit controller is an executive tasked with overseeing the operation's financial accounting and reporting. They typically have the entire accounting department of a company under their supervision and are expected to manage it in a manner that conforms to standard practices. Additionally, business unit controllers sign off on the financial reporting of an organization and must make sure that all reporting is as accurate and reliable as possible. Additionally, the controller normally sets up routine auditing systems to ensure everyone adheres to organizational standards.Read More...
The business unit controller maintains or implements all systems regarding the accounting in a company. They normally have oversight on payroll, accounts receivable, and accounts payable. They carefully monitor cash flow and handle budgeting and forecasting as required by their operation.
The business unit controller also work with external financial institutions in reporting of a company’s financial situation. They work with regulators and auditors to find the most efficient, accurate method of assessment of a company’s accounting and reporting processes. The controller typically has various accounting and financial department managers and supervisors as his direct reports and deals directly with the hiring or promotion for these positions.
The normal education requirements for this position includes a bachelor's degree in business or a related field. Larger organizations may also prefer a person to have a master’s degree in administration as well. A controller also must be a Certified Public Accountant (CPA).
Business Unit Controller Tasks
- Lead financial planning and analysis for the business unit, reviewing balance sheets for accuracy and correctness.
- Model financial performance and goals to inform strategic plans.
- Work for organization-wide compliance with financial controls and audits.
- Gather, analyze, and reconcile financial data, communicating, and disseminating results.
Common Career Paths for Business Unit Controller
Business Unit Controllers who transition into a VP of Finance role may receive large pay increases as the latter position pays an average $139K per year. As Business Unit Controllers progress in their field, many go on to become Corporate Controllers. In fact, this transition is more common than anything else, and median pay for the role is $94K. Another common career choice for Business Unit Controllers is to move into a Chief Financial Officer role — this promotion usually pays $123K.
Popular Skills for Business Unit Controller
Survey results suggest that Business Unit Controllers put a wide range of professional skills to use. Most notably, skills in Forecasting, Financial Analysis, Budgeting, and Financial Reporting are correlated to pay that is above average. Skills that pay less than market rate include Budget Management, SAP SAP Financial Accounting and Controlling, and Accounting. It is often found that people who know Financial Analysis are also skilled in Accounting and Forecasting.
Pay by Experience Level for Business Unit Controller
Pay by Experience for a Business Unit Controller has a positive trend. An entry-level Business Unit Controller with less than 5 years of experience can expect to earn an average total compensation of $75,000 based on 27 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Unit Controller with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $102,000 based on 89 salaries. An experienced Business Unit Controller which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $113,000 based on 125 salaries. A Business Unit Controller with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $114,000 based on 60 salaries.
Pay Difference by Location
Chicago offers some of the highest pay in the country for Business Unit Controllers, 33 percent above the national average. Business Unit Controllers will also find cushy salaries in Dallas (+19 percent), Birmingham (+10 percent), Los Angeles (+9 percent), and Phoenix (+9 percent). Charlotte ranks last in the field for pay, reporting salaries 18 percent below the national average. Below-median salaries also turn up in Atlanta and Boston (11 percent lower and 9 percent lower, respectively).
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Key Stats for Business Unit Controller
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