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 about three-quarters of Industrial Plant Financial Controllers in the United States. Pay fluctuates from $50,907 to $128,535 per year, but expected earnings average $82,412 annually. Total cash income, which bottoms out near $51,710 and peaks near $113,689, incorporates potential for more than $21K from bonuses and close to $15,000 from profit sharing in exceptional cases. Generous benefits are a perk in this profession; most claim both medical and dental insurance and more than half get vision coverage. Male Industrial Plant Financial Controllers are just a bit more common than females ones, with males workers composing 54 percent of the field. Job satisfaction for Industrial Plant Financial Controllers is high. Respondents to the PayScale salary survey provided the data for this report.
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  
PayScale
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  
PayScale
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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There are some Industrial Plant Financial Controllers—though it's uncommon—that transition into Vice President of Finance & Chief Financial Officers, where earnings can rise by $60K annually. Industrial Plant Financial Controllers can earn $39K or $19,587 more per year when they move into roles as Chief Financial Officers or Finance Directors, a common transition for those in the field.

Financial Controller, Industrial Plant Job Listings

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Popular Skills for Financial Controller, Industrial Plant

Survey results imply that Industrial Plant Financial Controllers put a diverse skill set to use. 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 seem to negatively impact pay include Accounts Payable, Windows Operating System General Use, and Microsoft Word. Most people 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 higher salaries, as pay increases are mainly incremental. Beginning workers can expect to earn $63K starting out, which grows to $77K after five to 10 years. Those with one to two decades of experience under their belt tend to see salaries around $89K. Salary increase slows as Industrial Plant Financial Controllers pass 20 years in their field, with average salaries hovering around $100K. This workforce includes a range of age distribution and is widely spread out: of those who responded, 28 percent have between one and nine years of experience; 40 percent have 10-20 years, and the remaining 31 percent report more than a couple decades of experience.

Related Job Salaries

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%
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