Chief Financial Officer (CFO) Salary

The national average salary for Chief Financial Officers is $120K per year; by contrast, Abc Corp. pays at a significantly higher rate, offering average pay of $201K. Participants in PayScale's salary questionnaire provided the particulars of this report.

$66,768 - $203,995
(Median)
$67K
$120K
$200K
MEDIAN: $120,332
10%
50%
90%

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$16.45 - $73.16
(Median)
$16
$29
$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
$66,768 - $203,995  
   
Bonus
$306.39 - $60,997  
Profit Sharing
$1,825 - $35,253  
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).
)
$66,930 - $245,339  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 8,642
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
$16.45 - $73.16  
   
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
$306.39 - $60,997  
   
Commission
$0.00 - $25,602  
Profit Sharing
$1,825 - $35,253  
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).
)
$66,930 - $245,339  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 213
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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. It is quite typical for Chief Financial Officers to transition into roles as VPs of Finance and Chief Financial Officers or Chief Executive Officers, where reported median earnings are $12K and $39K higher per year.

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 report using a deep pool 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 24 percent, 21 percent, and 15 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. Those familiar with Financial Analysis also tend to 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 average beginner in this position makes around $86K, but folks who have been around for five to 10 years see a markedly higher median salary of $109K. Chief Financial Officers bring in $133K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $145K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


For Chief Financial Officers, busy New York offers a higher-than-average pay rate, 53 percent above the national average. Chief Financial Officers will also find cushy salaries in San Francisco (+47 percent), Chicago (+31 percent), Boston (+29 percent), and Washington (+23 percent). Phoenix is home to the smallest salaries in the field, lagging the national average by 3 percent.

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 24%




Operations Management
up arrow 3%

Forecasting
up arrow 1%

National Average
$129,000

Cash Flow Management
up arrow 4%






up arrow 15%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1811 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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