Chief Financial Officer (CFO) in Chicago, Illinois Salary

Chief Financial Officers in Chicago, Ill. can expect to earn a very generous salary, with average salaries (in the ballpark of $157K) surpassing six figures annually. Including potential for bonuses and profit sharing, each hitting highs of $92K, total cash payment to Chicago Chief Financial Officers can bottom out at $106K or peak near $302K. The vast majority of Chief Financial Officers in Chicago (84 percent) who took the survey are men. The majority of workers are highly satisfied with their job. A large number enjoy medical while a majority get dental coverage. Vision coverage is also available to over one-half. The data in this summary comes from the PayScale salary survey.

$97,691 - $246,884
$98K
$160K
$250K
MEDIAN: $156,689
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
$97,691 - $246,884  
   
Bonus
$10,094 - $91,916  
Profit Sharing
$0.00 - $96,354  
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).
)
$106,461 - $302,130  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 112

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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)

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


Individuals who have worked for fewer than five years report earning $179K on average, a generous six-figure sum for those just starting out. Chief Financial Officers in Chicago, Ill. with one to two decades of relevant experience report an average salary of approximately $183K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $206K on average.

Key Stats for Chief Financial Officer (CFO)

Gender

Female
16 %
Male
84 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
1-4 years
5%
5-9 years
6%
10-19 years
30%
20 years or more
59%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Financial Officer (CFO) Salaries

Late-Career
▲9%

National Average
$189,000

Experienced
▼3%

Entry-Level
▼6%

Mid-Career
▼24%

Skills That Affect Chief Financial Officer (CFO) Salaries

National Average
$189,000

Financial Reporting
▼5%

Senior Financial Management
▼26%

Financial Analysis
▼30%

Job Satisfaction

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

Gender

Female
16 %
Male
84 %

Years of Experience

1-4 years
5%
5-9 years
6%
10-19 years
30%
20 years or more
59%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 67%
vision benefits
Vision: 52%
dental benefits
None: 13%
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