Many companies employ a Senior Vice President and Chief Financial Officer (CFO) to manage their financial affairs. The CFO is responsible for overseeing the company’s financial strategy, budgeting, and reporting. As with any position of responsibility, CFO salaries are often quite high. But what is the average salary for a Senior Vice President and Chief Financial Officer?

The average salary for a Senior Vice President and Chief Financial Officer can vary widely depending on a variety of factors such as the size of the company, the industry, the location, and the individual’s experience and qualifications. According to the 2019 Robert Half Salary Guide, the median salary for a Senior Vice President and CFO in the United States is $185,250, with the midpoint (or “50th percentile”) being a salary of $208,750.

Factors that Affect Senior Vice President and CFO Salaries

As with any profession, there are many factors that can affect the salary of a Senior Vice President and CFO. Some of the most important factors to consider include:

• Location – The salary of a Senior Vice President and CFO in a large city like New York will be much higher than in a small town.
• Industry – CFO salaries can vary greatly depending on the industry. For example, CFOs in the technology sector tend to earn much higher salaries than those in the finance industry.
• Experience and Qualifications – The more experience and qualifications a CFO has, the more likely they are to earn a higher salary.
• Company Size – Larger companies tend to pay higher salaries for CFOs than smaller companies.
• Company Performance – Companies that are doing well financially are more likely to pay higher salaries to their CFOs than those that are struggling financially.

Average Senior Vice President and CFO Salaries in the United States

In the United States, the average salary for a Senior Vice President and CFO varies widely depending on the factors mentioned above. According to the Robert Half Salary Guide, the median salary for a Senior Vice President and CFO in the United States is $185,250, with the midpoint (or “50th percentile”) being a salary of $208,750. At the 75th percentile, the salary is $242,500, and at the 90th percentile, the salary is $281,500.

The highest paying industry for a Senior Vice President and CFO is the technology sector, with an average salary of $261,750. The lowest paying industry is the finance sector, with an average salary of $167,500.

Average Senior Vice President and CFO Salaries Around the World

In addition to the United States, Senior Vice President and CFO salaries vary widely around the world. According to the Robert Half Salary Guide, the median salary for a Senior Vice President and CFO in the United Kingdom is £160,000, with the midpoint (or “50th percentile”) being a salary of £180,000. At the 75th percentile, the salary is £210,000, and at the 90th percentile, the salary is £250,000.

The highest paying country for a Senior Vice President and CFO is Switzerland, with an average salary of $323,000. The lowest paying country is India, with an average salary of $58,000.

Conclusion

The salary of a Senior Vice President and Chief Financial Officer can vary widely depending on a variety of factors such as the size of the company, the industry, the location, and the individual’s experience and qualifications. According to the 2019 Robert Half Salary Guide, the median salary for a Senior Vice President and CFO in the United States is $185,250, with the midpoint (or “50th percentile”) being a salary of $208,750. The highest paying industry for a Senior Vice President and CFO is the technology sector, with an average salary of $261,750. The highest paying country for a Senior Vice President and CFO is Switzerland, with an average salary of $323,000.

No matter where a Senior Vice President and CFO is located, it is important to understand the factors that can affect their salary. By understanding the factors that affect their salary, a CFO can be better prepared to negotiate for a higher salary and ensure that they are being compensated fairly for their work.