Bank CFO Salary

Comprehensive CFO Bank Salary Guide with CFO Recruit

Are you looking for precise information about CFO bank salaries? Whether you want to hire the best finance experts. Or, as a CFO, you want to retrack your career. With our salary guide, you can easily evaluate the average CFO bank salaries according to the company sizes.  

In our salary guide, we offer detailed information about CFO salaries in the banking sector. Our aim is to help you evaluate how compensation packages are decided in this industry. 

For precise salary figures for bank CFOs, turn to your current location page. Now, salary figures by 4%.   

The banking sector is known as one of the best yet strategically evolving sectors. Thus, the finance sector is always in need of people who know how to manage financial risks with complex regulations. CFO bank salaries are usually 4% higher than the overall sector average. 

The reason is that with more responsibility, there are higher compensation packages in the industry. In our guide, we offer detailed comparisons of how CFO salaries in the banking sector vary across different company sizes. Plus, how companies evaluate while hiring you for the banking sector.  

Why download the CFO Recruit Salary Guide?  

Unlike online job boards that randomly put salary figures for you. Our CFO bank salary data is derived through surveys from our candidate registration portal where we receive actual feedback from CFOs and finance executives.

How do we ensure the accuracy of CFO bank salary information?

CFO is known all around the USA for its enormous database. With our candidate registration portal, we regularly filter out data from CFOs. We ask them about their current salaries, and the future offers they expect. 

Apart from salary, we even collect information about the benefits they are currently receiving as a part of their salary package. This helps us to bring you the best CFO bank salary guide data. Our recruitment experts update this salary guide annually to keep you updated with the finance market trends and standards.  

Factors Affecting CFO Bank Salaries

In our detailed salary guide, we take into account some of the major factors that directly impact CFO salaries in the finance sector.  

• Regulatory Complexity: Bank CFOs usually manage highly regulated finance data. In return, they are offered higher compensation packages than other sectors.  
• Company Size: Larger banks, whether multinational or publicly listed institutions, usually offer their CFOs higher salaries due to the greater responsibilities of finance management.  
• Experience and Expertise: A bank CFO’s salary is also defined by how much experience you have in a particular sector. Plus, regulatory compliance and risk management with strategic financial planning play a key role in defining your salary package.  

Understanding CFO Salaries in Banks: What You Need to Know  

When deciding the compensation package for chief financial officers (CFOs) in banking, it’s better to recognize how finance sector salaries are higher than those of all other sectors out there. 

According to our recent research, CFO bank salaries are usually 4% higher than those of other industries. The reason is that financial institutions and the banking sector have more responsibilities. Thus, companies pay higher salary packages to their CFOs.   

Our Salary Guide is split by company size for the following turnover classifications; $10-29M | $30-79M | $80-149M | $150-249M | $250-499M | $500-999M | $1BN-5BN. 

How to Calculate Competitive Bank CFO Salaries

If you want to calculate how much salary you must pay your CFO in the banking sector, refer to the average CFO salary according to your location. Once you have access to the location average, add an extra 4% to match CFO bank salary standards.  

For example, if the average CFO salary in your location is $200,000. Adding 4% would bring you a banking sector salary of $208,000. This compensation means you must stay competitive within the banking sector to attract and retain the best CFOs for your business.  

Remember, if you undercompensate a CFO salary package in banking. It will surely bring recruitment and retention challenges to you in the future. If you want to match the CFO compensation package according to your industry standards, refer to our location-level figures in our salary guide. And, always add an extra 4% to match the banking sector level.  

In our CFO Salary Guide, you’ll find…

• The average CFO salary in banking
• CFO bank salary ranges based on company size
• CFO salaries for small, mid-size, and large banks, including publicly listed financial institutions

Download the Chief Financial Officer Salary Guide now to stay ahead in recruiting or advancing your career as a financial leader in the banking industry.