Financial Manager Starting Salary

Financial Manager Starting Salary – The average salary for a CFO is $101,374 per year.

CFOs earn an average of $101,374 per year in the United States, or $48.74 per hour. CFOs at the bottom of the ladder, the bottom 10% to be exact, earn around $71,000 a year, while the top 10% earn $144,000. Location affects how much a CFO can expect to earn. CFOs earn the most in New York, New Jersey, Massachusetts, Connecticut and California.

Financial Manager Starting Salary

Financial Manager Starting Salary

While a CFO can earn an average salary of $101,374 per year, or $48.74 per hour, there are plenty of opportunities for CFOs. For example, in New York, NY, you can earn $119,136 per year. Other high paying locations include San Francisco, CA, Jersey City, NJ, and Boston, MA. If you’re in an entry-level position, your best bet is to move to New York, NY, where the average starting salary is $81,000. The highest paying states for CFOs are New York, New Jersey, and Massachusetts. Meanwhile, Florida, Louisiana and Nebraska offer the lowest salaries.

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The salary of a CFO can vary depending on a person’s years of experience, from entry level to senior level. An accountant with 0-2 years of experience earns an average salary of $69,700, a mid-career professional with 3-6 years of experience earns an average of $101,374 per year, and a senior accountant with 7-12 years of experience earns an average annual salary of $165,807. Data on how level of experience affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of its National Compensation Survey, which is based on factors such as knowledge, complexity and contacts. , and environment.

The highest paying companies for CFOs according to our latest salary estimates are Barclays and BNP Paribas. Additionally, companies such as Pacific Investment Management Company LLC and The Carlyle Group report very competitive salaries for CFOs.

Here are some examples of how much a CFO’s salary might be based on different industries: The finance industry pays CFOs an average salary of $118,926 The technology industry pays $115,985 The lowest paying industry for CFOs CFOs is the healthcare industry. CFOs in this industry earn an average salary of $97,583

New York pays the highest CFOs in the United States, with an average salary of $118,975 a year, or $57.20 an hour.

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If your salary is close to the average salary in the state you live in, you will know if you are being paid fairly as a CFO. For example, if you live in New Jersey, you will pay $108,398 per year.

A good starting salary for a CFO is $79,000 in the United States. This puts you in the 10th percentile of annual income for CFOs in the United States, which is roughly what you would expect if you were new to the field. The average CFO salary is $118,129, but getting there usually requires a certain level of experience. Additionally, a good starting salary for a CFO can vary from state to state.

Yes, CFOs make a lot of money. In fact, CFOs earn an average salary of $129,890 per year. The top 25% earn $181,980 per year, while the bottom 25% earn $92,310 per year. This is one of the reasons why working as a CFO is ranked #3 on the best business jobs and #16 on the highest paying jobs.

Financial Manager Starting Salary

CFOs earn around $130,000 a year. However, it can range from $240,000 per year to $64,000 per year. Factors such as location and type of business can greatly affect earning potential.

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The median salary for a CFO working at a car dealership in 2022 is $156,000 per year. More than 56% of CFOs in this position will earn more than $151,000 per year. It is not uncommon for someone in this position to earn over $200,000. It’s the highest paying position at a car dealership and it’s incredibly lucrative.

The starting salary for a CFO is $51,712 per year. However, it can range from less than $21,500 per year to over $115,000 per year. The most influential factors on how much a CFO can earn relate to the location of the position and the type of business or industry. A person working as a financial manager in Bosnia and Herzegovina usually earns 4,800 BAM per month. Salary ranges from BAM 2,210 (lowest) to BAM 7,630 (highest).

This is the average monthly salary, including housing, transportation and other benefits. CFO salaries vary widely based on experience, skills, gender, or location. Below is a detailed breakdown based on several different criteria.

Both are indicators. If your salary is above both the average and the median, you are doing very well. If your salary is less than both, many people earn more than you and there is plenty of room for improvement. If your salary is between the average and the median, things can get a little complicated. We have written a guide to explain everything about the different scenarios. How to compare your salary

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Level of experience is the most important factor in determining salary. Naturally, the more years of experience you have, the higher your salary. We’ve broken down CFO salaries by experience level and here’s what we found.

While a person with an experience level between two and five years is expected to earn 3,350 BAM per month, which is 34% more than someone with less than two years of experience.

Financial Manager Starting Salary

Going forward, an experience level of five to ten years earns a salary of BAM 4,950 per month, which is 48% more than someone with two to five years of experience.

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“On average, a person’s salary doubles their starting salary once they pass the milestone of 10 years* of experience.”

Additionally, finance managers whose expertise spans ten to fifteen years receive a salary equivalent to BAM 6,030 per month, which is 22% more than someone with five to ten years of experience.

If the level of experience is between fifteen and twenty years, the expected salary is 6,570 BAM per month, 9% more than someone with ten to fifteen years of experience.

Finally, employees with more than twenty years of professional experience receive a salary of 7,120 BAM per month, ie 8% more than those with fifteen to twenty years of experience.

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CFO Salary Comparison by Education How does level of education affect salary? Below is the average salary difference between different CFOs who have similar experience but different levels of education.

We all know that a higher education equals a higher salary, but how much money can a degree add to your income? We’ve broken down CFO salaries by education level for comparison.

Financial Manager Starting Salary

When the education level is a certificate or diploma, the average salary for a CFO is BAM 2,860 per month.

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While a person with a bachelor’s degree earns BAM 4,490 per month, which is 57% more than a person with a certificate or diploma.

A master’s degree earns its holder an average salary of BAM 7,520 per month, which is 68% more than a bachelor’s degree holder.

The cost of a master’s program or any postgraduate program in Bosnia and Herzegovina ranges from 11,500 variable points to 34,500 variable points and lasts approximately two years. It’s quite an investment.

Assuming you already have a job, you cannot expect a pay raise during the study period. In most cases, the salary is reviewed after graduation and graduation.

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Many people pursue higher education as a strategy to move into higher paying jobs. The numbers seem to support the theory. The average pay increase for a job change is about 10% greater than a typical salary increase.

If you can afford the cost of higher education, the return on investment is definitely worth it. You should be able to recoup the costs in about a year or so.

Although gender shouldn’t affect salary, in fact it does. So who gets paid more: men or women? Male financial management employees in Bosnia and Herzegovina earn on average 11% more than their female counterparts.

Financial Manager Starting Salary


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