Chief Financial Officer (CFO) in New York Salary

Salaries for Chief Financial Officers in New York, N.Y. are generous, with average pay above six figures ($190K) per year. Total cash earnings of New York Chief Financial Officers range from $99K on the low end to $390K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $138K and $67K, respectively. For the most part, Chief Financial Officers in New York enjoy their work and report high levels of job satisfaction. Male New York Chief Financial Officers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Medical benefits are awarded to a large number, and the greater part earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.

$100,056 - $306,920
$100K
$190K
$310K
MEDIAN: $189,779
10%
50%
90%

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$19.50 - $97.00
$33
MEDIAN: $33.00
50%

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$0$381K
Salary $100,056 - $306,920
Bonus $9,110 - $125,838
Profit Sharing $1,939 - $69,038
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).
)
$101,080 - $381,527
  • Country: United States
  • Currency: USD
  • Updated: 17 Nov 2017
  • Individuals Reporting: 245
Hourly Data $0$200
Hourly Rate $33.00
Hourly Tips $8.33
Overtime $200.00
Annual Data $0$381K
Bonus $9,110 - $125,838
Profit Sharing $1,939 - $69,038
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).
)
$101,080 - $381,527
  • Country: United States
  • Currency: USD
  • Updated: 17 Nov 2017
  • Individuals Reporting: 5

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.

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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.

About New York, New York

Kings County, New York
8,550,405
Male:
4,081,698 (47.7%)
Female:
4,468,707 (52.3%)
The City of New York, often called New York City or simply New York, is the most populous city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, one of the most populous urban agglomerations in the world. With a U.S. Census Bureau-estimated 2015 population of 8,550,405 distributed over a land area of just 305 square miles (790 km2), New York is also the most densely populated major city in the United States. A global power city, New York City exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and has been described as the cultural and financial capital of the world. Situated...
New York, NY:
$55,752
New York:
$60,850
$1,317
New York, NY:
$538,300
New York:
$293,500
4.7%

Chief Financial Officer (CFO) Job Listings

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 $105,000 based on 33 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 $155,000 based on 55 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 $204,000 based on 118 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 $245,000 based on 112 salaries.

Key Stats for Chief Financial Officer (CFO)

Gender

Female
25 %
Male
75 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.
Less than 1 year
0%
1-4 years
6%
5-9 years
12%
10-19 years
35%
20 years or more
46%

Experience Affects Chief Financial Officer (CFO) Salaries

▲20%

▼0%

National Average
$205,000

Mid-Career
▼24%

Entry-Level
▼49%

Skills That Affect Chief Financial Officer (CFO) Salaries


Leadership
▲27%

People Management
▲22%

Budget Management
▲11%

Business Strategy
▲10%

Operations Management
▲10%


Financial Reporting
▲9%

Financial Modeling
▲8%

Accounting
▲5%

National Average
$205,000

Strategic Planning
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
0%
1-4 years
6%
5-9 years
12%
10-19 years
35%
20 years or more
46%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 56%
vision benefits
Vision: 46%
no benefits
None: 12%