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Financial Controller, Industrial Plant Salary (United States)

Industrial Plant Financial Controllers who are practiced in their profession and carry more than 10 years of experience make up more than two-thirds of Industrial Plant Financial Controllers. Pay fluctuates from $51K to $129K per year, but expected earnings average $79K annually. Total cash compensation to Industrial Plant Financial Controllers bottoms out near $51K and approaches $129K on the high end; the biggest paychecks include approximately $21K from bonuses and almost $15K from profit sharing. A solid majority enjoy medical while most get dental coverage. Vision coverage is also available to approximately half. Men make up a slight majority of Industrial Plant Financial Controllers (54 percent). Most Industrial Plant Financial Controllers report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
Financial Controller, Industrial Plant Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$51,710 - $113,689
(Median)
52K
64K
79K
98K
110K
MEDIAN: $79,492
10%
25%
50%
75%
90%
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Financial Controller, Industrial Plant Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$13.68 - $29.59
(Median)
14
17
21
26
30
MEDIAN: $20
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$51,710 - $113,689  
   
Bonus
$995 - $20,973  
Profit Sharing
$487.96 - $15,000  
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).
)
$50,907 - $128,535  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 532
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$13.68 - $29.59  
   
Overtime
$0.00 - $47.52  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$995 - $20,973  
   
Profit Sharing
$487.96 - $15,000  
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).
)
$50,907 - $128,535  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 21
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Job Description for Financial Controller, Industrial Plant

Financial controllers of industrial plants are responsible for overseeing daily financial processes and records for their organization, including performing tasks such as bookkeeping or accounting. They analyze financial financial information, prepare and analyze budgets, develop financial goals and quotas, and organize efficient and productive cash flow. Additionally, financial controllers must track and record costs of operations and make decisions in response to current financial conditions.
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Financial Controller, Industrial Plant Tasks
  • Ensure policies and procedures are in compliance with professional standards, state and federal regulatory requirements.
  • Establish and maintain internal controls to support the financial infrastructure.
  • Present financial reporting and potential risk areas to senior management.
  • Oversee accounting, financial reporting, analysis and preparation of the consolidated financial statements, including schedules for tax compliance.

Common Career Paths for Financial Controller, Industrial Plant

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While not commonly seen, Industrial Plant Financial Controllers who transition into a VP of Finance or Chief Financial Officer position may see a rise in pay. The typical salary for VPs of Finance and Chief Financial Officers is $142K per year. Industrial Plant Financial Controllers moving up in their careers tend to step into positions as Chief Financial Officers or Finance Directors. The median paychecks in those roles are $39K higher and $20K higher, respectively.

Financial Controller Job Listings

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Popular Skills for Financial Controller, Industrial Plant

Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Financial Reporting, Cost Accounting, Financial Analysis, and Microsoft Office are correlated to pay that is above average, with boosts of 16 percent, 10 percent, 5 percent, and 5 percent, respectively. Skills that pay less than market rate include Accounts Payable, Windows Operating System General Use, and Microsoft Word. The majority of those who know Financial Applications also know Accounts Payable and Financial Analysis.

Pay by Experience Level for Financial Controller, Industrial Plant

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Industrial Plant Financial Controllers with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $63K, but folks who have racked up five to 10 years see a notably higher median of $75K. Industrial Plant Financial Controllers with one to two decades of relevant experience report an average salary of approximately $89K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $91K. In this field, there is a large range of employee experience; those with the least amount of experience — one to nine years — make up 28 percent of people in the field; those with 10-20 represent 40 percent, and those with the most experience — more than 20 years — account for 31 percent.

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Experience Affects Financial Controller, Industrial Plant Salaries

National Average
$82,000

Skills That Affect Financial Controller, Industrial Plant Salaries

Financial Reporting
up arrow 16%
Cost Accounting
up arrow 10%
Microsoft Office
up arrow 4%
Microsoft Excel
up arrow 3%
Financial Applications
up arrow 2%
National Average
$82,000
Microsoft Word
up arrow 4%
Windows Operating System General Use
up arrow 5%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 203 votes.

Gender

Female
46%
female alumni
 
Male
54%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
10%
5-9 years
18%
10-19 years
40%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 72%
vision benefits Vision: 51% employee benefits None: 11%