How much does a CFO of a billion dollar company make? (2024)

How much does a CFO of a billion dollar company make?

Looking by company size, base, bonus, and total cash compensation all rise as company size does, with total median cash compensation coming in at $613,000 at companies with revenues above $1 billion.

What is the total compensation for a CFO?

As a point of reference, it may be helpful to know what larger, public companies pay CFOs. According to Salary.com the median base salary for a CFO in the United States is $362,030, and the median total compensation package (including bonus, healthcare, and retirement) is $506,386.

How much do CFOs of Fortune 500 companies make?

To shed light on key CFO compensation trends, this publication analyzes the compensation packages of top finance officers at S&P 500 companies since 2018. The median total reported compensation for CFOs remained stable at $4.7 million across 2021 and 2022.

How much does a CFO of a private equity firm make?

Can a CFO make a million dollars a year?

As you can see, CFO compensation at the largest technology and financial services companies tends to be the highest. Several CFOs make well over $20 million per year when accounting for salaries, bonuses, stock awards, and other incentives.

Which CEO makes $1 a year?

Since 2009, Larry Ellison's salary has amounted to just $1 a year. But, don't feel too bad for the guy—he's also the fifth richest person in the world with a net worth of $43 billion. Last year, Ellison raked in a package valued at $96 million, mostly from perks, stock options and performance cash bonuses.

Who is the highest paid CFO?

How much does a CFO make at Bank of America?

The estimated total pay range for a Chief Financial Officer at Bank of America is $61K–$94K per year, which includes base salary and additional pay. The average Chief Financial Officer base salary at Bank of America is $71K per year.

How are CFOs compensated?

In addition to salary, CFOs may also be compensated in stock options, incentive bonuses, and other forms of compensation. CFO salaries vary widely depending on their experience, the size and type of company, and the city in which it is located. On average, CFOs make about eight times as much as the company's employees.

Are CFOs paid more than CEOs?

CEO in salaries. In most companies, the CEO earns much more than the CFO. According to Salary.com, the average annual salary of a CFO in the US is $420,000, usually ranging from $319,000 to $537,000, while the average salary of a CEO is $800,000 ranging from $420,000 to $1,200,000.

Are CFOs well paid?

They oversee the company's strategic and financial operations and accordingly devise strategies to ensure its long-term growth and stability. At the same time, given their importance, CFOs are also some of the highest-paid executives in the business world.

Who gets paid more COO or CFO?

Salaries for each position could vary based on industry, experience, company size and location. The average salary in the US for a CEO is $128,843 per year . The average salary for a COO in the US is $137,876 per year . CFOs earn an average of $139,658 per year .

How much does a CFO make in venture capital?

At the top of the tree there is some disparity: the average package for a CFO at a private equity firm (defined as either buyout or growth equity) is $553,900, compared with $506,100 for a venture capital firm CFO.

How much does a hedge fund CFO make?

What is the highest salary in private equity?

What is the highest salary for a Private Equity Associate in India? Highest salary that a Private Equity Associate can earn is ₹45.0 Lakhs per year (₹3.8L per month).

How much does a CEO of a $1 billion company make a year?

US CEO compensation

By company size, base, bonus, and total cash compensation all rise as revenue does, with total median cash compensation coming in at $1,639,000 at companies with revenue above $1 billion. By industry, CEOs at financial services firms are paid the most: $1,013,000 in median total cash compensation.

Why are CFOs paid so much?

The CFO is someone who most people want to have confidence in." Employees, executives, shareholders and the public may start looking to CFOs for answers, so companies will have to work harder to ensure they are retaining this vital talent — that's where better pay comes in, explains Branthover.

How much is $1 an hour annually?

If you make $1 per hour, your Yearly salary would be $2,080. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.

What CEO paid everyone $70,000?

On April 13, 2015, with reporters from The New York Times and NBC News in attendance, Price told Gravity Payments staff that he was raising the company's minimum salary to $70,000 and reducing his own compensation from $1.1 million to $70,000. The story quickly went viral.

What is a 7 figure salary?

A seven-figure job refers to the number of digits listed in your salary. This includes people who earn anywhere from $1 million to just under $10 million per year. Many people may consider this salary range to be well above average.

Can CEO fire the CFO?

Normally, a CEO is the Chief Executive Officer and is the delegated representative of the Board of Directors for operating the business. As such, any employee, such as CFO, COO, CIO, etc., can be fired by the CEO.

What is the lowest salary for a CFO?

How Much Do Cfo Jobs Pay per Year? $141,000 is the 25th percentile. Salaries below this are outliers. $400,000 is the 90th percentile.

Is CFO a prestigious job?

A CFO is the highest (and highest paid) finance position in a company. It can come with a significant set of responsibilities, not limited to making strategic decisions that impact all employees. While it can be stressful, it can also be immensely rewarding and lucrative.

What degree does a CFO need?

Most chief financial officer positions require at least a bachelor's degree and extensive experience; many top employers show preference to candidates with a master's degree. Some require the CPA designation, as well.

How much does a CFO of a NFL team make?

The base salary for CFO in companies like MAJOR LEAGUE FOOTBALL INC range from $154,600 to $261,000 with the average base salary of $203,600. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $192,600 to $420,700 with the average total cash compensation of $279,900.