Chief Financial Officer (CFO) Salary

The nationwide average salary for Chief Financial Officers is $120K per year, but those working at Abc Corp. can pull down an average $201K. The information for this snapshot was generated by responses to the PayScale salary survey.

$66,705 - $204,099

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$16.56 - $73.32

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$90K$180K$270K
Salary
$66,705 - $204,099  
   
Bonus
$306.63 - $61,408  
Profit Sharing
$1,777 - $36,222  
Commission
$0.00 - $25,532  
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).
)
$66,912 - $245,752  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 8,633
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$16.56 - $73.32  
   
Overtime
$0.00 - $86.53  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$306.63 - $61,408  
   
Commission
$0.00 - $25,532  
Profit Sharing
$1,777 - $36,222  
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).
)
$66,912 - $245,752  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 211
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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.

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Chief Financial Officer (CFO) Tasks

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

Common Career Paths for Chief Financial Officer (CFO)


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Chief Financial Officers who transition into a President and COO role may receive large pay increases as the latter position pays an average $177K per year. VPs of Finance and Chief Financial Officers or Chief Executive Officers are common next-step roles for Chief Financial Officers moving up in their careers; annual pay for VPs of Finance and Chief Financial Officers is $13K higher on average, and it's $38K higher for Chief Executive Officers.

Chief Financial Officer (CFO) Job Listings

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Popular Employer Salaries for Chief Financial Officer (CFO)

Popular Skills for Chief Financial Officer (CFO)


Chief Financial Officers seem to require a rather large skill set. Most notably, facility with Leadership, Strategic Planning, and Financial Modeling are correlated to pay that is significantly above average, leading to increases of 23 percent, 21 percent, and 14 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 experienced in Financial Analysis also know Senior Financial Management, Accounting, and Budget Management.

Pay by Experience Level for Chief Financial Officer (CFO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience is an important factor influencing the compensation of Chief Financial Officers. The relatively untested earn a median of $86K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $110K. Chief Financial Officers who work for 10 to 20 years in their occupation tend to earn about $133K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $145K on average.

Pay Difference by Location


With a pay rate for Chief Financial Officers that is 52 percent greater than the national average, New York offers a comfortable salary for those in this profession. Chief Financial Officers will also find cushy salaries in San Francisco (+44 percent), Chicago (+32 percent), Boston (+32 percent), and Washington (+23 percent). Phoenix ranks last in the field for pay, reporting salaries 3 percent below the national average.

Chief Financial Officer (CFO) Reviews

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

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.

Related Job Salaries

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Experience Affects Chief Financial Officer (CFO) Salaries



National Average
$129,000



Skills That Affect Chief Financial Officer (CFO) Salaries

Leadership
up arrow 23%




Operations Management
up arrow 3%

Forecasting
up arrow 1%

National Average
$129,000

Cash Flow Management
up arrow 4%






up arrow 14%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1769 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
10%
10-19 years
32%
20 years or more
49%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 66%
vision benefits Vision: 48% employee benefits None: 11%
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