For Finance Officers, yearly average wages total $58K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Unfortunately, some people in this line of work are without benefits — roughly a fourth lack coverage. On the flip side, a strong majority have medical insurance and the greater part receive dental plans. Job satisfaction is reported as high by the vast majority of workers. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.

$31,449 - $101,576
(Median)
$31K
$58K
$100K
MEDIAN: $57,529
10%
50%
90%

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$11.33 - $29.09
(Median)
$11
$20
$29
MEDIAN: $19.00
10%
50%
90%

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National 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$50K$100K$150K
Salary
$31,449 - $101,576  
   
Bonus
$0.00 - $30,201  
Profit Sharing
$1,000  
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).
)
$31,009 - $101,104  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 126
National Hourly Rate 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$25$50$75
Hourly Rate
$11.33 - $29.09  
   
Overtime
$29.98  
National Annualized 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$50K$100K$150K
Bonus
$0.00 - $30,201  
   
Profit Sharing
$1,000  
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).
)
$31,009 - $101,104  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 23
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Job Description for Finance Officer

Finance officers are executives who handle financial issues and decisions in a company. They may oversee accounting departments, review reports, and create budgets. Financial officers also may supervise spending, which can include investments and cash management; they may be responsible for preparing financial statements while maintaining compliance with state and federal government regulations. Managing an internal audit and reporting findings, as well as making recommendations based on that audit, is often part of the duties of a finance officer.

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Finance Officer Tasks

  • Supervise investment strategies, direct financial resources, and manage company assets.
  • Ensure that accounting, budget and audit controls and systems are in compliance with State, Federal and local rules and regulations.
  • Coordinate financial record-keeping and oversee the development of yearly budgets.
  • Provide financial guidance and management expertise related to company operations and financial strategy

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Pay by Experience Level for Finance Officer

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


For many Finance Officers, extensive experience does not lead to significantly more money. During the first five years of their careers, Finance Officers see a median income of $48K. Survey respondents with five to 10 years of experience report an only modestly higher median of $52K. Finance Officers claiming one to two decades of experience make an estimated median of $61K. Finance Officers who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $68K.

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Experience Affects Finance Officer Salaries

Late-Career
up arrow 29%

Experienced
up arrow 14%

National Average
$53,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 9%

Skills That Affect Finance Officer Salaries

Senior Financial Management
up arrow 90%

Financial Reporting
up arrow 23%

General Ledger Accounting
up arrow 21%


Financial Analysis
up arrow 9%

National Average
$53,000

Microsoft Excel
up arrow 10%

Intuit QuickBooks
up arrow 42%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
2%
1-4 years
36%
5-9 years
21%
10-19 years
28%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 58%
medical benefits
Vision: 50%
dental benefits
None: 24%
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