What’s the Average Salary of a Chief Financial Officer CFO?

The table below lays out the base compensation and total compensation including annual bonuses for ten major metropolitan areas. Schwartz took over the post of chief financial officer at Goldman Sachs on January 31, 2013. At that time he was also appointed as the company’s executive vice president. He joined the firm as a vice president and quickly moved up the ranks to managing director in 1999 and partner in 2002. Smith joined Vertex in 2001 and has served as the executive vice president and chief financial officer of Vertex Pharmaceuticals since 2006. He is responsible for core functions at Vertex, including Finance and Accounting, Investor Relations, Business Development, Information Systems and Worldwide Operations.

• He also received restricted stock awards in the amount of $4,475,224 and option awards of $3,812,724.
• Goldman saw its stock price climb more than 40% during the 2019 calendar year.
• Workplace-related perks can include a dedicated parking space, large offices, and private bathrooms, among others.
• Going after accounting certifications like CMA or CPA and pursuing the right job experience will also increase your earning power as a CFO.

Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page https://simple-accounting.org/ has been provided or approved by CFO. The data presented on this page does not represent the view of CFO and its employees or that of Zippia. The median base salary for a CFO in the United States is $362,030, and the median total compensation package is $506,386. Catz, the only woman on our list, made most of her money in the form of stock options worth $48.3 million at the time of the grant.

cfo Salaries

GRAYHAWK has deep experience in finding — and fairly pricing — CFOs for organizations of all sizes. Compensation has been escalating as run-ups in the stock market increased the value of stock options. The average CFO Salary in the banking industry was $133,879 in 2021, according to ZipRecruiter. These figures were derived from online job postings and third-party data sources. According to ZipRecruiter, the average salary for a non-profit CFO is $133,576, based on job postings and third-party data. One very important factor is CFO salary vs total CFO compensation. Total compensation for CFOs includes things like bonuses and stock options.

She was also given a bonus of $5,901,325 and awarded restricted stock totaling $7,476,460. Resident and controller/chief accounting officer at CVS, and he served as the firm’s senior vice president of financial administration. Denton serves as the executive vice president and chief financial officer of CVS highest paid cfo Health Corporation, a role he has held since January 2010. Davis was named as the executive vice president and chief financial officer of Merck & Co. in March 2014 and moved into his new position one month later. Luca Maestri serves as the senior vice president and the chief financial officer for Apple.

What Is the Average CFO Salary in the Healthcare Industry?

Most commonly, they will hire a CFO based on a number of factors. They may require Ivy League education and additional credentials like an MBA, CMA, or CPA. It’s typical for a CFO at that level to have a decade or more of demonstrated experience. As you look further into how to become a CFO, consider what type of company you want to work for. That way, you can work towards getting the right credentials and experience to eventually land your ideal position.

• Unlike the complex salary, bonus, and stock structures of many other CFOs on our list, Kane received just two awards.
• By way of comparison, according to the Bureau of Labor Statistics, the median weekly earnings of full-time workers in the U.S. was $984 as of June 2021, which is $51,168 per year.
• When it comes to total pay, it not only varies by experience but also job location.
• As a point of reference, it may be helpful to know what larger, public companies pay CFOs.
• The figures are just for salaries; equity- or other performance-based compensation isn’t included, the survey report suggests.

This comes as companies’ finances, accounting, and bookkeeping have become more complicated. The CFO is generally responsible for all budgeting, financial goal setting, and related financial reporting—including financial statement construction and review. Arguably, there has always been a need for CFOs, however, the position really only came about in the 1960s. The median annual CFO salary in the United States was $393,377, according to Salary.com.

CFO Search Firm | Cowen Partners Executive Search

She is an American business executive and most importantly, the Chief Financial Officer of Alphabet Inc. and it’s subsidiary Google.