Chief Financial Officer (CFO) Salary
Company Confidential is a desirable employer for Chief Financial Officers where the median salary comes in around $197K, beating the field's national median of $129K annually. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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.
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 Employer Salaries for Chief Financial Officer (CFO)
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
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) Reviews
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Key Stats for Chief Financial Officer (CFO)
Gender
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Female
37 % |
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Male
63 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 1025 votes. |
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