On average, Chief Financial Officers in Chicago earn six-figure salaries ($152K) annually, making for a very well-paid profession. Total cash earnings of Chief Financial Officers in Chicago, Ill. range from $105K on the low end to $300K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $80K and $75K, respectively. Men make up the vast majority of Chicago Chief Financial Officers (84 percent) who took the survey. Most Chief Financial Officers in Chicago, Ill. report high levels of job satisfaction. Medical benefits are awarded to a large number, and the greater part earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$97,511 - $257,783
(Median)
$98K
$150K
$260K
MEDIAN: $152,364
10%
50%
90%

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Local 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$100K$200K$300K
Salary
$97,511 - $257,783  
   
Bonus
$9,845 - $79,733  
Profit Sharing
$0.00 - $74,533  
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).
)
$104,954 - $299,839  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 113
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About Chicago, Illinois

Cook County, Illinois
2,662,238
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Chief Financial Officer (CFO) Job Listings

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Pay by Experience Level for Chief Financial Officer (CFO)

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


Six-figure salaries are not unusual for those just entering the occupation — survey respondents with less than five years' experience under their belts report receiving an average of $179K per year. Chicago Chief Financial Officers see a median salary of $174K after reaching one to two decades on the job. Seasoned veterans with 20 years under their belts enjoy a median income of $201K.

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Experience Affects Chief Financial Officer (CFO) Salaries

Late-Career
up arrow 11%

National Average
$181,000

Entry-Level
up arrow 1%

Experienced
up arrow 4%

Mid-Career
up arrow 24%

Skills That Affect Chief Financial Officer (CFO) Salaries

National Average
$181,000

Financial Reporting
up arrow 2%

Senior Financial Management
up arrow 23%

Financial Analysis
up arrow 27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

1-4 years
4%
5-9 years
5%
10-19 years
31%
20 years or more
59%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 65%
medical benefits
Vision: 48%
dental benefits
None: 14%
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