Chief Financial Officer (CFO) in Chicago, Illinois Salary

Wages for Chief Financial Officers in Chicago, Ill. are generous, with average pay above six figures ($161K) per year. Incomes of Chicago Chief Financial Officers vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $99K cause paychecks to spread between $101K on the low end and $308K on the high end. A large number report receiving medical coverage from their employers and more than half collect dental insurance. Men account for the majority of Chief Financial Officers in Chicago who responded to the questionnaire — 82 percent to be exact. Job satisfaction is reported as high by the vast majority of workers. This report is based on responses to the PayScale salary survey.

$86,328 - $259,127
$86K
$160K
$260K
MEDIAN: $161,270
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$110K$220K$330K
Salary
$86,328 - $259,127  
   
Bonus
$11,745 - $98,633  
Profit Sharing
$0.00 - $96,958  
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).
)
$101,139 - $307,657  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 100

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United States (change)

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About Chicago, Illinois

Cook County, Illinois
2,720,556
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)

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 $179,000 based on 16 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 $136,000 based on 13 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 $191,000 based on 51 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 $221,000 based on 60 salaries.

Key Stats for Chief Financial Officer (CFO)

Gender

Female
18 %
Male
82 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
1-4 years
6%
5-9 years
6%
10-19 years
29%
20 years or more
59%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Financial Officer (CFO) Salaries

▲12%

National Average
$197,000

Experienced
▼3%

Entry-Level
▼9%

Mid-Career
▼31%

Skills That Affect Chief Financial Officer (CFO) Salaries

National Average
$197,000

Financial Reporting
▼9%

Senior Financial Management
▼29%

Financial Analysis
▼32%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

1-4 years
6%
5-9 years
6%
10-19 years
29%
20 years or more
59%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 67%
vision benefits
Vision: 55%
no benefits
None: 13%