The average salary for a Chief Financial Officer (CFO) is $131,644.
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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. CFOs may oversee departments which are involved in purchasing, pricing, investments, tax, debt management, and accounts payable/receivable; they ma…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.
Job Satisfaction for Chief Financial Officer (CFO)
Popular Employer Salaries for Chief Financial Officer (CFO)
The top respondents for the job title Chief Financial Officer (CFO) are from the companies YMCA, Brooklyn Bottling and Company Confidential. Reported salaries are highest at Brooklyn Bottling where the average pay is $225,000. Other companies that offer high salaries for this role include Company Confidential and Smith Gardens, earning around $176,171 and $145,999, respectively. YMCA pays the lowest at around $89,872. Universal Health Services, Inc. and XYZ Corp. also pay on the lower end of the scale, paying $116,267 and $125,000, respectively.
Chief Financial Officer (CFO) Job Listings
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Popular Skills for Chief Financial Officer (CFO)
Senior Financial Management
Skills in Strategic Planning and Senior Financial Management are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis, Accounting and Financial Reporting.
Pay by Experience Level for Chief Financial Officer (CFO)
An entry-level Chief Financial Officer (CFO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $92,565 based on 104 salaries. An early career Chief Financial Officer (CFO) with 1-4 years of experience earns an average total compensation of $98,333 based on 1,015 salaries. A mid-career Chief Financial Officer (CFO) with 5-9 years of experience earns an average total compensation of $114,071 based on 1,383 salaries. An experienced Chief Financial Officer (CFO) with 10-19 years of experience earns an average total compensation of $137,079 based on 3,900 salaries. In their late career (20 years and higher), employees earn an average total compensation of $147,109.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Chief Financial Officer (CFO) in their job title in New York, New York earn an average of 31.1% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (25.3% more) and Los Angeles, California (24.5% more).
Years of Experience
This data is based on 12,406 survey responses.
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