Chief Financial Officer (CFO) Salary

Chief Financial Officers in search of top-notch pay will find it at Company Confidential, where the median salary of $197K trumps the $129K per year-national average for those in this profession. This report is based on answers to PayScale's salary questionnaire.

$69,484 - $219,851
$69K
$130K
$220K
MEDIAN: $129,110
10%
50%
90%

Add this chart to your site: 640px    300px

$16.01 - $87.00
$16
$32
$87
MEDIAN: $31.53
10%
50%
90%

Add this chart to your site: 640px    300px

$0$260K
Salary $69,484 - $219,851
Bonus $2,027 - $72,330
Profit Sharing $-0.41 - $40,934
Commission $4,818 - $81,703
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).
)
$69,429 - $260,159
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 5,841
Hourly Data $0$93
Hourly Rate $16.01 - $87.00
Hourly Tips $8.33
Overtime $14.90 - $93.12
Annual Data $0$260K
Bonus $2,027 - $72,330
Commission $4,818 - $81,703
Profit Sharing $-0.41 - $40,934
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).
)
$69,429 - $260,159
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 152

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Chief Financial Officer (CFO)

Chief financial officers (CFOs) oversee the financial operations of their companies and provide leadership and focus to accounting and finance departments to ensure that they operate efficiently and comply with applicable laws and company policies. Their work is essential to project a favorable company image while saving money in every way possible.

Read More...

Chief Financial Officer (CFO) Tasks

  • Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
  • Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies.
  • Provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company.

Common Career Paths for Chief Financial Officer (CFO)


Add this chart to your site:   640px 640px    300px 300px


At the upper end, Chief Financial Officers who move into a Chief Executive Officer role can end up with a hefty increase in pay. The average income for Chief Executive Officers is a much higher $170K per year. Becoming a VP of Finance or Chief Financial Officer or a Chief Operating Officer is often the next step for a Chief Financial Officer.

Chief Financial Officer (CFO) Job Listings

Popular Employer Salaries for Chief Financial Officer (CFO)

Popular Skills for Chief Financial Officer (CFO)


Chief Financial Officers seem to wield many skills on the job. Most notably, facility with Strategic Planning, Financial Modeling, and Risk Management / Risk Control are correlated to pay that is significantly above average, leading to increases of 26 percent, 17 percent, and 5 percent, respectively. Those listing General Ledger Accounting as a skill should be prepared for drastically lower pay. Human Resources and Budgeting also typically command lower compensation. Most people skilled in Financial Analysis are similarly competent in Senior Financial Management and Accounting.

Pay by Experience Level for Chief Financial Officer (CFO)

Pay by Experience for a Chief Financial Officer (CFO) has a positive trend. An entry-level Chief Financial Officer (CFO) with less than 5 years of experience can expect to earn an average total compensation of $94,000 based on 751 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Financial Officer (CFO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $112,000 based on 1,123 salaries. An experienced Chief Financial Officer (CFO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $144,000 based on 2,584 salaries. A Chief Financial Officer (CFO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $155,000 based on 2,713 salaries.

Pay Difference by Location

National Average: $139,545

Larger city markers indicate a job is popular in that location.

For Chief Financial Officers, busy New York offers a higher-than-average pay rate, 45 percent above the national average. Chief Financial Officers will also find cushy salaries in Chicago (+41 percent), Boston (+37 percent), Los Angeles (+32 percent), and San Francisco (+31 percent).

Chief Financial Officer (CFO) Reviews

Q: What is it like working as a Chief Financial Officer (CFO)?

Chief Financial Officer (CFO) in Minneapolis:
"Learning."
Pros: Growth and Responsibility.
Cons: Small Company.

Chief Financial Officer (CFO) in Pittsburgh:
"Corporate culture, stress."
Pros: Casual atmosphere, health related, able to work out.
Cons: Stress managing a new company, stress of financial start up burden.

Chief Financial Officer (CFO) in Boise:
"Love It."
Pros: There's usually a right way and a wrong way to do most tasks.
Cons: The workload is enormous most of it is thankless non glamorous.

Chief Financial Officer (CFO) in Mobile:
Pros: I love it. The ability to make decision is great.
Cons: To much work, not much time. But I love to stay busy.

Related Job Salaries

Key Stats for Chief Financial Officer (CFO)

Gender

Female
36 %
Male
64 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 923 votes.
Less than 1 year
1%
1-4 years
8%
5-9 years
11%
10-19 years
31%
20 years or more
49%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Financial Officer (CFO) Salaries

▲11%

▲3%

National Average
$140,000

▼20%

▼33%

Skills That Affect Chief Financial Officer (CFO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 923 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
11%
10-19 years
31%
20 years or more
49%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 68%
vision benefits
Vision: 53%
no benefits
None: 12%
ADVERTISEMENT