Corporate Controller Salary
Over three-quarters of Corporate Controllers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $62K to $150K per year, and the average comes out to $92K per year. Overall cash earnings for Corporate Controllers stretch from $62K on the lower end to $150K near the top, and the heftiest packages can encompass around $26K from bonuses and $16K from profit sharing. Compensation for this group is mainly affected by geographic location, but the company and tenure are influential factors as well. Most Corporate Controllers report high levels of job satisfaction. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to over one-half. Women Corporate Controllers who took the survey just slightly outnumber men. The data for this synopsis comes from respondents who took the PayScale salary survey.
Job Description for Corporate Controller
A corporate controller oversees all the financial and accounting functions of a given organization, including billing, accounts payable and receivable, budgeting, and other functions. Corporate controllers also perform management duties, as many different departments related to financial and accounting practices report to them. They are also responsible for overseeing the company's systems for financial and accounting procedures, collecting on accounts payable, payroll processing, financial reports, statements, budgets, and forecasts. Some controllers are also responsible for filing annual and quarterly reports with the Securities and Exchange Commission. In a smaller company, they might assume the role of CFO, or chief financial officer. Often, with smaller companies, they will report directly to the chief executive officer or president of the company.Read More...
This position occurs in an office setting during regular business hours, although overtime and work on weekends may be required. Corporate controllers use computers, emails, telephones, and financial software to perform the functions of the position. They must have relevant work experience and an educational background in finance or a related field.
Corporate Controller Tasks
- Develop and coordinate the operational functions of the accounting department.
- Ensure accurate reporting and conformance to financial policies.
- Supervise budget preparation and billings.
- Oversee accounting activities and cash, investment, and asset management.
Common Career Paths for Corporate Controller
Corporate Controllers sometimes assume positions such as VPs of Finance and Chief Financial Officers. That role pays $145K per year on average. A common career progression for a Corporate Controller is to become a Chief Financial Officer or a VP of Finance. Compared to Corporate Controllers, the first group earns $26K more on average, and the second group earns $42K more.
Corporate Controller Job Listings
Search for more jobs:
Popular Employer Salaries for Corporate Controller
XYZ Corp. offers the largest salaries in town — $116K on average.
Popular Skills for Corporate Controller
Survey takers working as Corporate Controllers report using a large range of professional skills. Most notably, skills in Forecasting, Senior Financial Management, Budgeting, and Financial Analysis are correlated to pay that is above average. At the other end of the pay range are skills like Quickbooks, Accounts Payable, and Payroll Administration. The majority of those who know Financial Analysis also know Budgeting and Budget Management.
Pay by Experience Level for Corporate Controller
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average worker who claims fewer than five years of experience earns around $74K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $88K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $101K. Corporate Controllers who claim more than two decades of experience actually make somewhat smaller average paychecks of $100K.
Pay Difference by Location
For Corporate Controllers, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Corporate Controllers will also find cushy salaries in Boston (+30 percent), Los Angeles (+28 percent), Seattle (+23 percent), and Houston (+22 percent). With compensation 9 percent below the national average, Portland is not known for hefty paychecks and actually represents the lowest-paying market.
Related Job Salaries
Key Stats for Corporate Controller
Rated 5 out of 5
based on 655 votes.