Financial Controller, Industrial Plant Salary (United States)

A little under three-quarters of Industrial Plant Financial Controllers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $50,907 to $128,535 per year, but standard earnings come to around $82,412 annually. A strong majority enjoy medical while most get dental coverage in this occupation. Vision coverage is also available to more than 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. Figures cited in this summary are based on replies 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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Industrial Plant Financial Controllers who advance into the role of a Vice President of Finance & Chief Financial Officer—while rather uncommon—bring in an extra $60K per year. Career advancement for Industrial Plant Financial Controllers often leads to becoming Chief Financial Officers or Finance Directors, where they can earn $39K or $19,587 more per year.

Financial Controller, Industrial Plant Job Listings

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Popular Skills for Financial Controller, Industrial Plant

Survey results suggest that Industrial Plant Financial Controllers put a wide range of professional skills 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 pay less than market rate include Accounts Payable, Windows Operating System General Use, and Microsoft Word. It is often found that people who know Financial Applications are also skilled in 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.
Across the entire workforce, experience and pay tend to be weakly linked—those with more experience do not necessarily bring in much higher salaries. Workers new to the field can expect to earn $63K, increasing to $77K after five to 10 years. Those who spend a decent amount of time in this profession—one to two decades—usually make about $89K. As Industrial Plant Financial Controllers reach 20 years on the job, salary increases slow down a bit, averaging $100K. The range of experience in this workforce varies greatly: 28 percent of respondents have between one and nine years of experience; 40 percent have between 10 and 20 years, and 31 percent boast more than two decades of experience.

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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%