Please ensure Javascript is enabled for purposes of website accessibility
February 7, 2023

Compensation Watch ’19: CFOs

Some of you grinding away in public accounting might have “champagne wishes and caviar dreams” of being a CFO one day. So, let’s see how well that job pays these days, courtesy of three accounting and finance salary guides that have been released in the past six months.

Randstad

Randstad organizes executive titles in its salary guide by interquartile ranges across three levels of company revenue: small ($50 million), mid ($100 million), and large ($250 million or more). Here’s its 2019 salary projection for CFOs:

  • Small: $170,990 – $305,618
  • Mid: $193,311 – $345,514
  • Large: $228,874 – $409,077

Robert Half

Robert Half reported starting pay ranges by four percentiles in its salary guide: 25th (newbies), 50th (average experience), 75th (above-average experience), and 95th (significant experience and expertise).

Salary figures represent the national averages. Bonuses, benefits, and other forms of compensation aren’t factored into the starting salary ranges, according to the guide.

Here’s Bob Half’s 2019 salary projection for CFOs:

  • 25th: $121,250
  • 50th: $196,750
  • 75th: $239,250
  • 95th: $497,250

Accounting Principals

If you’re looking for salaries and total cash compensation figures, Accounting Principals’ salary guide has you covered. The data in the guide is broken into three categories: average base salary by company size (small, medium, and large; base salary (low, high, and average); and total cash compensation (low, high, and average). Here’s its salary projections in each of the three categories:

Base salary by company size

  • Small: $226,637
  • Medium: $287,404
  • Large: $471,511

Base salary

  • Low: $201,254
  • High: $580,610
  • Average: $375,291

Total cash compensation

  • Low: $251,708
  • High: $1,066,705
  • Average: $545,296

Honestly, I would have expected these salary ranges to be higher. They actually seem on par (maybe a little higher) with a public accounting firm partner. But, seriously, who wants to work in public accounting their whole career?

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

exit sign and stairs

Woman Quits Her Job to Be CFO For Big 4 Business That Doesn’t Exist Yet

Although EY’s 13,000 partners have yet to vote on the audit/consulting split, the firm continues to march ever onward toward separation, announcing in December that Global Chairman and CEO Carmine Di Sibio would head up consulting and US chair Julie Boland will oversee audit. And a few days ago Financial Times reported that EY has […]

old man in a suit in front of a laptop holding a stack of money

Somehow Accounting Ended Up on This List of the Highest-Paying College Majors in 2022

CBS News crunched some Payscale data and by some miracle, accounting ranked #52 on this list of the 60 highest-paying majors. Because we anticipate people might ask for proof of this, we have screenshotted accounting’s entry on said list. Text: Accounting isn’t just accounting anymore. Experts must perform multiple functions at once — and that’s […]