CFO Salary Financial Services – CFO Recruit

FINANCIAL SERVICES CFO SALARY: COMPREHENSIVE GUIDE

CFO salaries in financial services vary based on location, industry sector, and company size. To get the most accurate salary numbers for a CFO in financial services, refer to the data in our guide.

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Financial Services Chief Financial Officer Salary

Do you need precise and accurate CFO salary figures in the Financial Services? Different-size companies looking for a competent CFO and individuals looking to advance their careers can benefit from this data.

Our Salary Guide provides extensive CFO salary numbers specific to the Financial Services. With this data, you will be able to:

  • Understand nuances in compensation structures in Financial sectors
  • Calculate prices and salaries for each location
  • Tailor your offer based on industry trends and factors and location
  • Attract and retain competent candidates

Turn to your relevant location page and increase the value by 3.7% to get exact salaries for the CFO working in Financial Services.

The adjustment reflects additional challenges for CFOs in financial sectors such as regular compliance, risk management, and strategic planning.

Refer to our guide for a detailed comparison of the salaries of CFOs in Financial sectors and wages of CFO in various industries.

Why is the CFO Recruit Salary Guide unique?

The information in our guide is accurate and relevant, sourced from CEOs and top executives.

How accurate is information on Financial Services CFO salary information?

We focus on the largest CFO database in the country and rely on our unique registration portal to collect details about salaries, benefit packages, and expectations.

Because the information is gathered first-hand and updated regularly, we pride ourselves on offering the most comprehensive CFO salary guide for the financial sector and other industries. 

We update it annually, allowing you to get the information you need to plan the strategic growth of your company and hire necessary financial leaders.

Financial Services CFO Salaries

Our guide goes beyond statistics and average values. We have identified the most important factors affecting CFO salaries in Financial Services and used them to create a comprehensive information package based on different salaries:

  • Company Size: Large-scale firms, especially those with global reach offer higher salaries for their CFOs, because their range of responsibilities is wider.
  • Specialization and Expertise: Financial Services CFO earn differently based on their specialization, education, and experience level, and their ability to manage compliance, and risks and perform complex tasks.
  • Market Trends and Regulatory Influence: Regional financial trends influence salaries, increasing the need for CFOs in financial Services.

Understanding CFO Financial Services Salaries: What You Need to Know

A Chief Financial Officer (CFO) working for companies in the Financial Service niche earns around 3.7% more than a CFO working in other industry sectors.

The discrepancy between the average salaries of CFO in various industries reflects the difference in nature and complexity of the real responsibilities. 

CFOs working in Financial Services face unique changes, and regulatory issues and manage substantial financial risk as part of their standard tasks.

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 Financial Services CFO Salaries

If you need to create an offer for a CFO in Financial Services, start by obtaining the location-specific information. Once you have data on how much the CFO in Financial Services earns in your state, increase it by 3.7% to get more precise information.

For example, if the average CFO salary in your region is $200,000, applying the 3.7% increase results in a salary of $207,400 for a CFO in Financial Service.

We suggest adjusting based on insights from our guide which ensures the salary you offer aligns with candidates’ expectations and current market trends.

Creating competitive salaries helps in the recruitment and retention of the highest qualified CFO, capable of overcoming financial challenges your company faces and mitigating risk with their expert knowledge.

In our CFO Salary Guide, you’ll discover…

  • The CFO Financial Services Salary average
  • CFO salary ranges within Financial Services, classified by company size
  • Breakdown of CFO salaries in Financial Services working for small to large organizations

Download CFO Salary Guide for Financial Services figures

 

Refer to our CFO salary guide for Financial services for details on compensation packages and other relevant and accurate insights.

Download Financial Services CFO Salary Figures

Financial Services CFO Salary FAQs

What additional benefits do CFOs in financial services typically receive?

Our comprehensive approach to gathering information on CFO salaries in Financial Services shows that these experts earn a salary and a compensation package with performance-based bonuses, stock options and retirement plans. These compensation packages vary based on company size and its reach. Consult the guide for detailed information and performance incentives.

Do CFO salaries differ by company size in the Financial sector?

Yes, CFO salaries in the Financial sector vary based on company size. Typically, larger companies have higher salaries and more comprehensive compensation packages, receiving increased responsibility for high-scope projects and responsibility complexity.

What is the average salary for financial services CFOs by state?

The differences in averages of CFO salaries within Financial Services are vast. For precise information, refer to our salary guide and apply the 3.7% increase to align with your local financial services market.

What is the usual bonus structure for CFOs in Financial services?

Most CFOs in Financial Services receive performance-based incentives, monthly or quarterly. These incentives are related to the company’s profitability or financial targets. Get details on bonus structure in our guide.

How do benefits for financial services CFOs compare to other industries?

CFOs in the Financial sector have comprehensive compensation packages, including health insurance, performance bonuses, stock options, retirement plans, etc.

What is the salary difference between a CFO and other senior financial roles in financial services?

Controllers or Finance Directors often earn less than CFOs in Financial Services. This is because CFOs have a broad range of responsibilities, including strategic financial planning, corporate financial stability and financial leadership.

How do regional factors influence CFO salaries in financial services?

Fluctuations in CFOs’ earnings depend on regional factors, market conditions, and average cost of living. Download our salary guide to get information about your location and additional insights that will help you create an accurate salary for your CFO in Financial Services.

How do you write a Financial Services CFO Job Description?

If you are looking for an example Job Description then why not download our free Financial Services CFO Job Description Template

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