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Related Articles. At the top of the proverbial food chain, in the corporate world, is the chief executive officer CEO. Data Analyst. Popular Courses. The table below lays out the base compensation and total compensation including annual bonuses for the top 10 metropolitan areas:. Your Money. While healthcare is a typical perk, high-level executives such as CFOs have access to disability and life insurance. As well, the CFO position will see increased demand when it comes to regulatory compliance. The CFO is generally responsible for all budgeting , financial goal setting, and related financial reporting—including financial statement construction and review. Thus, the average CFO makes over eight times more than the average worker, making the CFO a very lucrative career by comparison. When it comes to total pay, it not only varies by experience but also job location. Gerard J. Career Advice. Generally, CFOs have help previous positions such as controller or director of finance. Controllers: What They Do and How They Work A controller is an individual who has responsibility for all accounting-related activities within a company including managerial accounting and finance. The primary factors that impact the median salary of a CFO include geographic location, and the experience and personal qualifications of the person. Per Salary. The business of being a CFO will likely change a lot over the next decade, including navigating the rise of cybersecurity and the advancement of technology. Your Practice. Arguably, there has always been a need for CFOs, however, the position really only came about in the s. Upper Management Definition Executives and other leaders — collectively known as upper management — hold the primary decision-making power in a company. Perks of the job can vary but can include the likes of a company car or driver, a hefty severance package—also known as a golden parachute , relocation expenses, use of a private jet or helicopter, and first-class flights.

The average yearly salary of a chief financial officer CFO can vary based on a number of factors, but the median compensation for a CFO in the U.

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The other areas of compensation are bonuses and benefits, as well as perks. Who is Gerard J. CEOs act as the company's public face and make major corporate decisions. This includes managing riskswhether it be taking risks or protecting against disruption. Personal Finance. Understanding Compliance Officers A compliance officer ensures a company complies with its outside regulatory requirements and internal policies.

By way of comparison, according to the Bureau of Labor Statistics , the median weekly earnings of full-time workers in the U. CFO benefits include Social Security , k , disability, healthcare, pension and time off. In terms of salary, there is not much differentiation between a CFO with bachelor or master's degrees, however. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Some may have worked in accounting departments. Partner Links.