$129,336
Avg. Salary
$32.22
Avg. Hourly Rate

Average additional compensation:

$20,079

Bonus

$9,104

Profit Sharing

$14,663

Commission

What am I worth?
How should I pay?

The average pay for a Chief Financial Officer (CFO) is $32.22 per hour.

The average pay for a Chief Financial Officer (CFO) is $129,336 per year.

$16.82
10%
$32.22
50%
$82.65
90%
MEDIAN $32.22
$71k
10%
$129k
50%
$215k
90%
MEDIAN $129,336
$71,400 - $214,573
$71K
$130K
$210K
MEDIAN: $129,336
10%
50%
90%

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$16.82 - $82.65
$17
$32
$83
MEDIAN: $32.22
10%
50%
90%

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$0$253K
Salary $71,400 - $214,573
Bonus $2,513 - $67,180
Profit Sharing $977 - $39,876
Commission $1,454 - $61,825
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).
)
$71,372 - $253,846
  • Country: United States
  • Currency: USD
  • Updated: 11 Dec 2018
  • Individuals Reporting: 11,659
Hourly Data $0$91
Hourly Rate $16.82 - $82.65
Hourly Tips $8.33
Overtime $14.90 - $91.86
Annual Data $0$253K
Bonus $2,513 - $67,180
Commission $1,454 - $61,825
Profit Sharing $977 - $39,876
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).
)
$71,372 - $253,846
  • Country: United States
  • Currency: USD
  • Updated: 11 Dec 2018
  • Individuals Reporting: 304

Job Description for Chief Financial Officer (CFO)

Chief financial officers (CFOs) oversee the financial operations of their companies and provide leadership and focus to accounting and finance departments to ensure that they operate efficiently and comply with applicable laws and company policies. Their work is essential to project a favorable company image while saving money in every way possible.

Read More...

Chief Financial Officer (CFO) Tasks

  • Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
  • Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies.
  • Provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company.

Chief Financial Officer (CFO) Pay By Employer

$0$258K

Abc Corp.
15 profiles
$140,000

YMCA
12 profiles
$80,000

$175,841

Common Career Paths for Chief Financial Officer (CFO)


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Chief Financial Officers' salaries may rise greatly for those who assume a higher-end position such as a Chief Executive Officer. The average Chief Executive Officer brings home $170K per year. The most common career progression for Chief Financial Officers leads to becoming a VP of Finance or Chief Financial Officer, where average pay is $145K annually. However, many Chief Financial Officers also opt to become Chief Operating Officers. Typically, a Chief Operating Officer brings home $139K.

Chief Financial Officer (CFO) Job Listings

Popular Skills for Chief Financial Officer (CFO)


Chief Financial Officers report using a large range of skills on the job. Most notably, facility with Strategic Planning, Financial Modeling, and Risk Management / Risk Control are correlated to pay that is significantly above average, leading to increases of 26 percent, 16 percent, and 5 percent, respectively. Those listing General Ledger Accounting as a skill should be prepared for drastically lower pay. Human Resources and Budgeting also typically command lower compensation. Those educated in Financial Analysis tend to be well versed in Senior Financial Management and Accounting.

Pay by Experience Level for Chief Financial Officer (CFO)

Pay by Experience for a Chief Financial Officer (CFO) has a positive trend. An entry-level Chief Financial Officer (CFO) with less than 5 years of experience can expect to earn an average total compensation of $94,000 based on 751 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Financial Officer (CFO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $112,000 based on 1,123 salaries. An experienced Chief Financial Officer (CFO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $144,000 based on 2,584 salaries. A Chief Financial Officer (CFO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $155,000 based on 2,713 salaries.

Pay Difference by Location

National Average: $139,736

Larger city markers indicate a job is popular in that location.

New York is home to an above-average pay rate for Chief Financial Officers, 44 percent higher than the national average. Chief Financial Officers can also look forward to large paychecks in cities like Chicago (+40 percent), Boston (+37 percent), Los Angeles (+32 percent), and San Francisco (+30 percent).

Chief Financial Officer (CFO) Advice

Q: What is it like working as a Chief Financial Officer (CFO)?

Chief Financial Officer (CFO) in Washington:
"Maintain a good management for direct reports to succeed."
Time box certain functions per day (ie allocate 20 minutes per day to treasury management, one on one with direct reports, key project deliverables)

Chief Financial Officer (CFO) in Newark:
Focus on revenue growth and cash flow, and build the control system backwards from that.

Chief Financial Officer (CFO) in Cleveland:
"Cfo."
Pick the right company and hire the best people.

Chief Financial Officer (CFO) in Dallas:
"To have confidence in myself."
No obstacle is impossible to overcome. We learn as we go.

Chief Financial Officer (CFO) in Mobile:
Pros: I love it. The ability to make decision is great.
Cons: To much work, not much time. But I love to stay busy.

Chief Financial Officer (CFO) in Jacksonville:
"Need A Challenge."
I worked in positions for several years, that were not challenging. I was bored. Accounting and Financial Management are challenging, but enjoyable at the same time. I like the responsibility of being able to analyze and then recommend ways to improve the business profitability. My job is often similar to putting the pieces of the puzzle together, interpreting the results, and presenting those results, along with recommendations for change.

Chief Financial Officer (CFO) in Dallas:
"Must Have Strong Accounting And Financial Skills."
Know the business, work with managers and real estate professionals at every level. The financial function is a service to the operating departments. Keeping the owner's informed, providing expert financial analysis on which decisions can be made is the primary function of the CFO.

Related Job Salaries

Key Stats for Chief Financial Officer (CFO)

Gender

Female
37 %
Male
63 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1882 votes.
Less than 1 year
1%
1-4 years
8%
5-9 years
11%
10-19 years
32%
20 years or more
48%

Experience Affects Chief Financial Officer (CFO) Salaries

▲11%

▲3%

National Average
$140,000

▼20%

▼33%

Skills That Affect Chief Financial Officer (CFO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1882 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
11%
10-19 years
32%
20 years or more
48%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 68%
vision benefits
Vision: 54%
no benefits
None: 12%