The skill sets an employee brings to the CFO role can greatly impact the salary they are able to command.
Total cash compensation for chief financial officers spans from $US57,221 to $US239,701 a year. The median annual salary for a finance chief is $US121,200, according to Payscale.
If you would like to ensure a salary in the six figures, the team at Payscale has compiled an extensive list of CFO salaries and combined those income levels with the skill sets CFOs have reported.
While geographical location and years of experience affect pay, the type of financial experience a person possesses has the largest impact on CFO pay.
A background in human resources commands a salary between $US57,221 and $US155,098, while a strong skill set surrounding strategic planning fetches a salary between $US88,594 and $US239,701, according to Payscale.
|Skills||Lowest Salary||Highest Salary|
|General Ledger Accounting||$US49,885||$US171,665|
|Cash Flow Management||$US66,360||$US193,653|
|Financial Analysis / Financial Reporting||$US66,794||$US205,860|
|Senior Financial Management||$US79,867||$US215,536|
Payscale points to several other factors that can greatly increase a CFO’s salary, including bonuses, profit sharing, and commissions.
Find out how your salary stacks up on PayScale.
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