According to Payscale, the average base salary for a CFO in June 2022 was $140,455. This varies by industry and company size, as indicated by BLS data for top executives. The top-paying industries for chief executives in May 2021 were management of companies and enterprises and computer systems design and related services. CFO salaries vary widely, according to their experience, industry, and the location of the company. In addition, many CFOs take the majority of their compensation in stock options, bonuses, or other variable compensation. The full compensation package for a chief financial officer depends on a variety of factors, including but not limited to the candidate’s experience and geographic location.
Salary.com job board provides millions of CFO information for you to search for. Click on search button below to see CFO job openings or enter a new job title here. CFOs must also adhere to regulations such as the Sarbanes-Oxley Act that include provisions such as fraud prevention and disclosing financial information. A CFO can become a CEO, COO, or they can assume the role of company president. Here are companies hiring for Chief Financial Officer and their salaries, click below for more details. Salary.com job board provides millions of Chief Financial Officer information for you to search for.
What are the salaries of Chief Financial Officer with different levels of experience?
When I went to try to interview with Coca-Cola for a financial analyst position, I couldn’t get in the door because I didn’t have an MBA. To get job interviews with the types of companies I thought would give me exposure to the types of analysis I found interested, I decided to get my MBA. Once I got into thinking about my career, I had a role model in both my father, who was a VP of accounting at a stainless-steel company, as well as my cousin, who was a financial analyst at Coca-Cola.
How much does salary of Chief Financial Officer vary from city to city?
Microsoft (MSFT) CFO Amy Hood earned a salary of $1 million in 2023, according to the company’s public filings. She also earned $16,450,701 in stock incentives and $2,295,250 in non-equity compensation. CFO salaries depend on different variables, including geographic location, the size of the company, the candidate’s degrees and experience, and the type of industry. They employ data analysis and strategic thinking to make decisions in the best interest of meeting the business’ financial goals. In our analysis, we’ve explored the average CFO salary across different company sizes, shedding light on how the scale of an organization influences compensation.
Are a CEO and a CFO the Same Thing?
This can be many times their base salary, reflecting the high risk and potential high reward nature of these industries. Moreover, over half of CFOs received increased equity compensation in 2023, aligning with the high CFO turnover rate and suggesting a trend towards equity over bonuses in the financing environment. This highlights the need for companies to adapt their compensation packages to remain competitive, especially in a volatile financial environment. The average salary for cfo full form salary CFOs in the U.S. healthcare industry is $123,586 in 2024, according to ZipRecruiter.
This reflects the competitive compensation packages offered in this segment of the industry. The term chief financial officer (CFO) refers to a senior executive responsible for managing the financial actions of a company. The CFO’s duties include tracking cash flow and financial planning as well as analyzing the company’s financial strengths and weaknesses and proposing corrective actions. In conclusion, the role of the CFO is not only pivotal but also complex, requiring a mix of hard and soft skills, strategic thinking, and financial acumen.
- This reduction in bonuses may reflect a shift towards more long-term incentive plans.
- Over the years, the job has evolved, with an Accenture survey in 2022 revealing that 93% of CFOs agree that the responsibilities they’re now entrusted with feel much greater than in the past.
- The table below lays out the base compensation and total compensation including annual bonuses for ten major metropolitan areas.
- As companies navigate the complexities of the modern business environment, the value placed on effective financial leadership is likely to rise, potentially leading to even greater increases in CFO salaries.
Chief Financial Officer Salaries by Degree Level
When accounting for both the benefits and the base salary the highest paid CFO in 2023 was Joe Berchtold. A CFO might expect to receive between 1% and 3% of a company’s value, with the possibility of receiving more depending on the company’s stage or the CFO’s entry point. Consider the company’s situation and stage to determine appropriate compensation for a CFO.