Corporate Controller Salary
Over three-quarters of Corporate Controllers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $62K to $150K per year, but median earnings come to around $92K annually. The final incomes of Corporate Controllers generally vary between $62K and $150K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $26K, $16K, and $23K, respectively. The specific employer is the main element affecting pay for this group — geography and years of experience are driving factors as well. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. Job satisfaction for Corporate Controllers is high. Most report receiving medical coverage from their employers and more than half collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.
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
- Supervise budget preparation and billings.
- Oversee accounting activities and cash, investment, and asset management.
- Develop and coordinate the operational functions of the accounting department.
- Ensure accurate reporting and conformance to financial policies.
Common Career Paths for Corporate Controller
Corporate Controllers who go on to become VPs of Finance and Chief Financial Officers may see their salaries climb quite a bit. Median pay for VPs of Finance and Chief Financial Officers is $145K annually. Career advancement for the typical Corporate Controller often leads to becoming a Chief Financial Officer or a VP of Finance; median salaries in these positions are $26K higher and $42K higher, respectively.
Corporate Controller Job Listings
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Popular Employer Salaries for Corporate Controller
Corporate Controllers flock to XYZ Corp. for generous paychecks, where average earnings of $116K lead the pack in compensation.
Popular Skills for Corporate Controller
Corporate Controllers seem to wield many skills on the job. Most notably, skills in Senior Financial Management, Forecasting, Budgeting, and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Quickbooks, Human Resources, and Payroll Administration. Those familiar with Financial Analysis also tend to 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.
For Corporate Controllers, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $75K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $88K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $101K. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.
Pay Difference by Location
For Corporate Controllers, busy San Francisco offers a higher-than-average pay rate, 39 percent above the national average. Corporate Controllers can also look forward to large paychecks in cities like Los Angeles (+27 percent), Houston (+26 percent), Boston (+26 percent), and Seattle (+25 percent). Those in the field find the lowest salaries in Austin, 4 percent below the national average.