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In his previous role he was a managing partner and the chief operating officer of Global Markets and Investment Banking at Merrill Lynch & Co. He was previously the chief financial officer and head of Merrill Lynch business finance division. He joined the company as its executive vice president and chief financial officer in 1997. Our numbers are based on the publicly disclosed total compensation packages awarded to CFO’s for the full year ending December 31, 2014. Our list does not offer any insight into vested shares that may have vested during the reporting period which could affect a CFOs real dollar earnings. REDWOOD CITY, CA – Pay for S&P 500 chief financial officers has increased steadly over the past five years, according to a new report from Equilar, CFO Pay Trends 2016. Overall, median CFO reported total compensation in the S&P 500 increased 18.7% from $2.9 million in 2011 to $3.4 million in 2015.

Pichette served as the senior vice president and chief financial officer for Google from August 2008 through May 2015, at which time he retired and was replaced by Morgan Stanley banker Ruth Porat. Prior to joining Google he served as an executive officer for Bell Canada Enterprises.

Chief Financial Officer Salary by Global Country

According to ZipRecruiter, the average salary of a Hedge Fund CFO is $120,303. This figure may not include bonuses, incentives, or other compensation.

• Warren Jr. has served as president, chief financial officer, and secretary and as a director of Midstream Management since February 2014.
• These certifications help individuals demonstrate their competence in managing healthcare organizations.
• He corporate vice president and president of the Renal Division of Baxter.
• Here is the compensation for nine spine device company CFOs based on data from salary.com.
• CFOs within the bottom 25th percentile should expect to earn $299,442 per year, while those in the 75th percentile should expect to earn $499,992 per year.
• Considering the experience required of the role as well as the hefty job responsibilities, compensation for CFOs needs to be competitive.

That way, you can work towards getting the right credentials and experience to eventually land your ideal position. According to Zip Recruiter, the highest paying state for CFOs is Washington and the lowest paying state for CFO jobs is North Carolina. Stay up to speed on DFW’s fast-moving business community with weekly news reports, interviews, and insights. The range for CFOs in other metro areas is typically lower, given the lower cost of living outside New York City.

How much do CFOs make?

As noted in prior studies, however, there has been a trickle-down effect—i.e., middle market and smaller public companies tend to lag the trends in larger companies. 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. In addition to this, the stock awards amount to – $21.49 million.

The Bureau of Labor Statistics estimates that the number of top executive jobs will grow by 4% from 2019 to 2029. Robert joined Intel as the executive Vice president and first outside Chief Financial Officer in October 2016 highest paid cfos replacing Stacy Smith. He has been serving Intel Corporation since January 2019 with his distinguished abilities as a CEO. This expedition sprawled across 45 countries with annual net revenue of approximately $40 billion.

CFO Salaries by Location

Seventy-one percent of CFOs received a long-term incentive award, versus 66 percent of CEOs, and the median value of equity compensation was $185, 032. What would merit more than a 50 percent pay increase for the CEO? Marsha Cameron, senior partner at Paradox Compensation Advisors, a Dallas-based consulting group, says many companies articulate a rationale for increases to CEO pay in their proxy statements.

• Especially for mid-to late-career CFOs, the lessons learned from living through multiple business cycles have prepared them to manage in a difficult environment.
• The primary factors that impact the median salary of a CFO include geographic location, and the experience and personal qualifications of the person.
• Those within the bottom 25th percentile should expect to earn $375,642 per year, and those within the 75th percentile should expect to earn $792,957 per year.
• Seventy-one percent of CFOs received a long-term incentive award, versus 66 percent of CEOs, and the median value of equity compensation was $185, 032.
• CFO salaries vary widely, according to their experience, industry, and the location of the company.

It is estimated that base salary only accounts for about 70% of what CFOs make each year. With bonuses and benefits, the median salary can go from $363,567 to $519,692. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year.

Jeffrey C. Campbell, CFO and Executive VP, American Express

Click here to learn more about me and the awesome team behind CMA Exam Academy. While the journey to become a CFO is fairly straightforward, there are several years of experience and hard work that have to be accomplished. After getting a degree in a related field, many professionals pursue additional credentials, like becoming a CMA. Not all accounting professionals who want to be CFOs are just in it for the power and money.

• Through our provenretained executive search process, Cowen Partners delivers 3X more qualified candidates than the competition.
• Stay up to speed on DFW’s fast-moving business community with weekly news reports, interviews, and insights.
• While most CEOs won’t earn that much, the top base salaries currently average around $307,000 a year, according to Payscale data.
• In his term, Luca is responsible for accounting, financial planning and analysis, business support, real estate, treasury, internal audits, and tax functions at Apple.