Business Unit Controller Salary
Generous salaries abound for Business Unit Controllers in the United States, with average pay above six figures ($98K) per year. Total cash earnings of Business Unit Controllers range from $58K on the low end to $154K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $29K and $24K, respectively. Residence is the biggest factor affecting pay for this group, followed by tenure. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. Most Business Unit Controllers like their work and job satisfaction is high. This snapshot results from replies to PayScale's salary survey.
|Salary||$57,001 - $141,627|
|Bonus||$3,077 - $29,679|
|Profit Sharing||$986 - $24,734|
|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).)
|$56,402 - $160,646|
|Hourly Rate||$16.11 - $64.56|
|Bonus||$3,077 - $29,679|
|Profit Sharing||$986 - $24,734|
|Total Pay (||$56,402 - $160,646|
Job Description for Business Unit Controller
A business unit controller is an executive tasked with overseeing the operation's financial accounting and reporting. They typically have the entire accounting department of a company under their supervision and are expected to manage it in a manner that conforms to standard practices. Additionally, business unit controllers sign off on the financial reporting of an organization and must make sure that all reporting is as accurate and reliable as possible. Additionally, the controller normally sets up routine auditing systems to ensure everyone adheres to organizational standards.Read More...
The business unit controller maintains or implements all systems regarding the accounting in a company. They normally have oversight on payroll, accounts receivable, and accounts payable. They carefully monitor cash flow and handle budgeting and forecasting as required by their operation.
The business unit controller also work with external financial institutions in reporting of a company’s financial situation. They work with regulators and auditors to find the most efficient, accurate method of assessment of a company’s accounting and reporting processes. The controller typically has various accounting and financial department managers and supervisors as his direct reports and deals directly with the hiring or promotion for these positions.
The normal education requirements for this position includes a bachelor's degree in business or a related field. Larger organizations may also prefer a person to have a master’s degree in administration as well. A controller also must be a Certified Public Accountant (CPA). (Copyright 2017 PayScale.com)
Business Unit Controller Tasks
- Lead financial planning and analysis for the business unit, reviewing balance sheets for accuracy and correctness.
- Model financial performance and goals to inform strategic plans.
- Work for organization-wide compliance with financial controls and audits.
- Gather, analyze, and reconcile financial data, communicating, and disseminating results.
Common Career Paths for Business Unit Controller
Business Unit Controllers may experience a large salary bump if they progress into a role such as VP of Finance. The latter position pays an average of $139K annually. The most common career progression for Business Unit Controllers leads to becoming a Corporate Controller, where pay is typically $94K. However, many Business Unit Controllers also opt to become Chief Financial Officers, a position that pays $123K on average.
Business Unit Controller Job Listings
Popular Skills for Business Unit Controller
Business Unit Controllers seem to require a number of specific skills. Most notably, skills in Forecasting, Financial Analysis, Budgeting, and Financial Reporting are correlated to pay that is above average. At the other end of the pay range are skills like Budget Management, SAP SAP Financial Accounting and Controlling, and Accounting. It is often found that people who know Financial Analysis are also skilled in Accounting and Forecasting.
Pay by Experience Level for Business Unit Controller
Pay by Experience for a Business Unit Controller has a positive trend. An entry-level Business Unit Controller with less than 5 years of experience can expect to earn an average total compensation of $75,000 based on 27 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Unit Controller with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $102,000 based on 89 salaries. An experienced Business Unit Controller which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $113,000 based on 125 salaries. A Business Unit Controller with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $114,000 based on 60 salaries.
Pay Difference by Location
For those looking to make money, Business Unit Controllers in Chicago enjoy an exceptional pay rate, 32 percent above the national average. Business Unit Controllers can also look forward to large paychecks in cities like Dallas (+18 percent), Birmingham (+9 percent), Los Angeles (+8 percent), and Phoenix (+8 percent). Trailing the national average by 19 percent, Charlotte is the market with the smallest paychecks. Not at the bottom but still paying below the median are employers in Atlanta and Boston (12 percent lower and 10 percent lower, respectively).
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