Top Dollars For Top CFO’s

We’ve all heard about how much CEO’s earn but what about CFO’s? Many are earning top bucks in the millions of dollars. However, it’s not an easy job and it is a long road to the top. Fractional CFO offers contract cfo services services including exit planning and business strategy consulting.

Let’s take a look at some of the top salaries in this field. Daniel Amman is the CFO of General Motors and his salary is $750,000 a year. In addition, he also receives approximately 3.5 million dollars in stock options. Matt Maddox of Wynn Resort in Vegas earned over 17 million in 2008. These salaries may seem extremely high but keep in mind that in many cases the figures include stock options.

Of course the salaries that are listed are that of the top earners and is not indicative of what everyone in this field earns.The average salary for a chief financial officer in the U.S is around $334,000. Personal job experience, leadership qualities are also important factors. Individuals who work for a private company will earn a lot more than those who work for multi billion dollar corporations.

Salary ranges are kind of wide. A CFO with 1-4 years of experience can earn anything from $36k to $110k so as you can see, not all CFO’s earn tons of money. Now these are only averages; keep in mind that a CFO at a billion dollar corporations can earn millions of dollars along with millions in stock options as we’ve seen in the above examples. The majority of high earners in this field all have MBA’s in addition to an accounting degree. At Fractional CFO we provide cfo consulting services california services. We provide the expertise needed to perform critical chief financial officer duties on an interim basis.

A CFO needs to be able to explain finance matters in a way that is easy to understand. Today’s job duties aren’t just finance related; a good CFO will need to deal with technology applications, human resources and business strategy. Management skills are very crucial. It’s a long journey but the rewards can be very ample if you have an interest in accounting.

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