Chief financial officers, treasurers and their staff saw their paychecks grow by an average of 3.4 percent between January 2008 and January 2009, more than the average white-collar worker, but somewhat less than the 4.5 percent increase they saw in 2007, according to the latest salary survey from the Association for Financial Professionals http://www.afponline.org/.
The average bonus was 15 percent, unchanged from 2007.
Middle managers reported slightly larger increases in total compensation than did VPs of finance and CFOs, said AFP, which collected its data from 3,000 professionals at 2,000 primarily North American companies in February 2009.
Managers of treasury/finance reported the highest percentage increase, 5.7 percent, and an average base salary that rose from $88,000 in the 2008 survey to $93,900 in 2009.
Here’s what AFP reported for other positions’ 2009 base salaries:
- CFO 184,300 up 3.2 percent
- VP of finance 161,600 up 3.2 percent
- Treasurer 161,600 up 3.9 percent
- Controller 116,500 up 3.3 percent
- Director treasury/finance 125,400 up 4 percent
- Assistant treasurer 124,700 up 3.8 percent
- Cash Manager 71,000 up 3.6 percent
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