Chief Financial Officer (CFO) Salary

Company Confidential lures Chief Financial Officers with larger-than-average paychecks: Chief Financial Officers at this company make a median salary of $197K, much more than the $128K per year-national average for those in this area of work. Participants in PayScale's salary questionnaire provided the particulars of this report.

$68,425 - $220,062
$68K
$130K
$220K
MEDIAN: $127,564
10%
50%
90%

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$17.37 - $88.75
$17
$34
$89
MEDIAN: $33.53
10%
50%
90%

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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
$68,425 - $220,062  
   
Bonus
$1,977 - $73,371  
Profit Sharing
$356.37 - $40,664  
Commission
$970 - $82,434  
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).
)
$68,812 - $260,102  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 5,450
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
$17.37 - $88.75  
   
Hourly Tips
$8.33  
Overtime
$0.00 - $92.93  
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
$1,977 - $73,371  
   
Commission
$970 - $82,434  
Profit Sharing
$356.37 - $40,664  
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).
)
$68,812 - $260,102  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 132

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United States (change)

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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

  • 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)


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As Chief Financial Officers transition into upper-level roles such as Chief Executive Officer, they may see a strong upturn in salary. Chief Executive Officers earn $170K on average per year. When Chief Financial Officers are ready for the next step in their careers, they often become VPs of Finance and Chief Financial Officers or Chief Operating Officers. Those roles pay an additional $8K and $2K, respectively.

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)


Survey results imply that Chief Financial Officers deploy a substantial tool kit of skills at work. 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 28 percent, 18 percent, and 7 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. It is often found that people who know Financial Analysis are also skilled 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: $137,366

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

With a pay rate for Chief Financial Officers that is 47 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 Chicago (+43 percent), Boston (+39 percent), Los Angeles (+35 percent), and San Francisco (+33 percent).

Chief Financial Officer (CFO) Reviews

Q: 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

Key Stats for Chief Financial Officer (CFO)

Gender

Female
37 %
Male
63 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 774 votes.
Less than 1 year
1%
1-4 years
8%
5-9 years
11%
10-19 years
32%
20 years or more
49%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Financial Officer (CFO) Salaries

▲13%

▲5%

National Average
$137,000

▼19%

▼32%

Skills That Affect Chief Financial Officer (CFO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 774 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
11%
10-19 years
32%
20 years or more
49%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 69%
vision benefits
Vision: 53%
no benefits
None: 11%