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Chief Financial Officer (CFO) Salary

For Chief Financial Officers, higher-than-average salaries can be found at Abc Corp., where the average employee brings in around $210K relative to the national average of $120K per year for those in this line of work. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$66,418 - $203,615
(Median)
$66K
$120K
$200K
MEDIAN: $119,904
10%
50%
90%

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$16.13 - $72.91
(Median)
$16
$28
$73
MEDIAN: $28.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$90K$180K$270K
Salary
$66,418 - $203,615  
   
Bonus
$358.56 - $60,963  
Profit Sharing
$1,555 - $35,444  
Commission
$0.00 - $25,602  
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).
)
$66,649 - $244,639  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 8,603
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$16.13 - $72.91  
   
Overtime
$0.00 - $86.53  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$358.56 - $60,963  
   
Commission
$0.00 - $25,602  
Profit Sharing
$1,555 - $35,444  
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).
)
$66,649 - $244,639  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 216

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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 sometimes assume positions such as Presidents and COOs. That role pays $178K per year on average. 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 $14K higher on average, and it's $40K higher for Chief Executive Officers.

Chief Financial Officer (CFO) Job Listings

Jobs by Simply Hired
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Popular Employer Salaries for Chief Financial Officer (CFO)

Popular Skills for Chief Financial Officer (CFO)


Chief Financial Officers seem to exploit a large range of skills on the job. Most notably, facility with Leadership, Strategic Planning, and Financial Modeling are correlated to pay that is significantly above average, leading to increases of 22 percent, 21 percent, and 16 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. The majority of those who know 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 seems to be a major factor in determining the incomes of Chief Financial Officers. The average worker who claims fewer than five years of experience earns around $86K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $108K. People with 10 to 20 years of experience make an average of about $132K in this role. People who have worked for more than 20 years report a median income of $144K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


Surpassing the national average by 52 percent, Chief Financial Officers in New York receive some of the highest pay in the country. Chief Financial Officers will also find cushy salaries in San Francisco (+49 percent), Chicago (+33 percent), Boston (+25 percent), and Washington (+25 percent). Trailing the national average by 5 percent, Phoenix is the market with the smallest paychecks.

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.

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United States (change)

Experience Affects Chief Financial Officer (CFO) Salaries



National Average
$128,000



Skills That Affect Chief Financial Officer (CFO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1967 votes.

Gender

Female
33 %
Male
67 %

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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