Compensation for finance executives is looking healthier, with 66% of those surveyed by Financial Executives International reporting they got a raise this year, up from 43% in 2010.
The average increase in executives' base salary was 3%, vs. 2.1% in 2010, according to FEI's fifth annual compensation survey. CFOs at public companies saw average raises of 4%, as did controllers, while chief accounting officers got 2% raises and treasurers saw increases of 4.4%.
“Theoretically, the economy is picking up, and a company's situation is picking up a little, and compensation is picking up a little bit,” says Bill Sinnett, director of research at FEI.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
