Knowledge Box Top 5 Highest Paid Chief Financial Officer Over The World

highest paid cfos

Warren Jr. has served as president, chief financial officer, and secretary and as a director of Midstream Management since February 2014. He has also served as the chief financial officer and secretary and as a director of Antero. Previously he was the EVP, CFO, and Director of Pennaco Energy and a natural resources investment banker focused on equity and debt financing and M&A advisory with Lehman Brothers, Dillons Read & Co. Before joining Williams Partners as the company’s CFO he spent 13 years in various regional chief financial officer roles with subsidiaries of General Electric.

highest paid cfos

Overall, median compensation for CFOs is not quite half—42 percent—of the CEO’s pay. Our fourth annual exclusive report breaks down salary trends and the compensation packages of executives at midsize public companies in North Texas. At the top of the proverbial food chain, in the corporate world, is the chief executive officer . The CFO generally reports directly to the CEO and the board of directors. The average CEO makes $771,165 per year, plus bonuses and benefits. Specialty finance and credit card company CFOs largely saw smaller pay packages than other financial industries.

The highest-paid payer CFOs in 2021

The ceiling of CFO salary should give enough room for raises and bonuses, while remaining in the appropriate tier. Publicly traded companies usually pay their CFOs more money (up to $50,000 more per year), because the job requires more reporting and shareholder relations. Larger companies tend to pay more, as do those in financial and global markets. These certifications help individuals demonstrate their competence in managing healthcare organizations.

highest paid cfos

Campbell’s full compensation package includes a $1 million per year salary alongside a bonus of $6,150,000 and restricted stock awards of $1,820,133. He also received option awards totaling $679,819 and $3,177,000 in non-equity incentive highest paid cfos plan compensation. His compensation package includes an annual salary of $350,462 along with just over $28 million in restricted stock awards. Mr. Lisenby has also received $493,120 in non-equity incentive plan compensation.

Chief Financial Officer Salary by Global Country

Entrepreneurially minded professionals may work with startups or in smaller companies for the thrill of doing something new. While income is a factor for becoming a CFO, it isn’t the only point of consideration. | View our other publications| Privacy policy| Terms of use| Take down policy. Fed efforts to curb inflation, an imbalance in the demand and supply of workers and clarification of accounting standards are among the CFO trends this year. The one metro area CFOs can expect to out-earn their New York counterparts is San Francisco, where salaries are estimated to be about 4% higher. An account manager is an employee who is responsible for the daily management of a particular customer’s account with the business. Overall, CFOs will not only be managing finances and overseeing banking relationships, but they’ll also need to be able to manage big data—embracing artificial intelligence and data analytics.

How much does a Chief Finance Officer make?

Chief finance officers make $143,947 per year on average, or $69.21 per hour, in the United States. Chief finance officers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $80,000 a year, while the top 10% makes $257,000.Location impacts how much a chief finance officer can expect to make. Chief finance officers make the most in California, New Jersey, New York, Nevada, and Massachusetts.

Thus, the average CFO makes almost eight times more than the average worker, making the CFO a very lucrative career by comparison. One of two women on the list of highest-paid financial services CFOs, T. Rowe Price Group Inc.’s Céline Dufétel, made $6.1 million in 2019 after a 61.9% raise from the prior year. Minimum 10 years’ experience in accounting and financial management practices. MBA or bachelor’s degree in business, finance, accounting, or equivalent experience. Angelakis served as the chief financial officer of Comcast Corporation for half a decade.

Harvey M. Schwartz, CFO, Goldman Sachs Group

And although fitting CFOs into a clear-cut typology may seem artificial, we found it useful to understand how companies are filling the role to get a clearer picture of how it’s changing. Based on our research, we categorize CFOs into four general profiles. Again, a gap should exist between tiers that will allow flexibility for raises and bonuses. Your CFO should make more than their direct reports with a generous cushion. The CFO will report directly to the CEO and board, so their position and therefore salary will fall below the CEO range.

  • Entrepreneurially minded professionals may work with startups or in smaller companies for the thrill of doing something new.
  • Also noteworthy, the top 10 highest-paid CEOs earn well into the hundreds of millions of dollars, according to Fortune.
  • CFOs were paid median total compensation of $711,520 for 2012, but individual amounts varied wildly.
  • During the past several years, shareholder pressure regarding executive pay has clearly influenced the way that companies handle the determination of CEO pay.
  • Median base salary is $314,535, but varies from $156,333 for Michael Owens at U.S.

An individual looking at CEO vs. CFO roles may also want to consider how work experience in the healthcare industry can position them favorably for leadership roles in healthcare organizations. For example, doctors and other medical professionals can pursue this career path because of their in-depth knowledge of the healthcare industry. However, medical professionals wanting to reach the C-suite at healthcare organizations may benefit from taking business-related coursework. The CFO role is also a top leadership position, focusing on financial operations. The CFO helps ensure an organization’s financial health, overseeing all aspects of financial reporting and analysis, financial planning, budgeting, accounting, and taxation. The average Chief Financial Officer salary in the United States is $421,576 as of December 27, 2022, but the range typically falls between $320,492 and $538,679.

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