How much more do CFOs at public firms make?
While it’s true that finance chiefs at public firms have the added stress of dealing directly with the public markets, you may be surprised to see just how more they bring home than their peers in the private sector.
Public-company CFOs make about 45% more annually than finance chiefs at private firms. According to a new study by MyCFOnetwork, the median cash salary of a public CFO is $267,976 compared to $190,715 for CFOs at private companies.
The study also found that company size plays a huge role in just how wide the pay gap is.
For organizations with revenue between $21 million and $90 million, there’s only a 14% difference in cash compensation between public and private CFOs.
However, at companies with more than $500 million in revenue, the cash difference is 85% between the two groups.
It’s worth noting that the MyCFOnetwork study did not account for equity packages that are part of CFOs total compensation.
- Share on
Free Training & Resources
White Papers
Provided by UJET
White Papers
Provided by Anaplan
White Papers
Provided by Personify Health
Further Reading
As you’re prepping to file Forms W-2 or Forms 1099 for TY 2023, you know it’s tough to avoid all errors. So, it helps to be pre...
Businesses that utilize the ACH network for banking should know that Nacha has amended its operating rules. A new format for the Company...
The Department of Labor (DOL) has released its final overtime rule, bringing mid-year changes and a higher-than-expected salary level incre...
A rule that hadn’t changed since 1954 may be getting an update. The IRS has proposed eliminating the 1099 filing requirement for paym...
After President Biden issued an executive order saying all federal departments and agencies would be closed on Jan. 9, 2025, employers wond...
Wisconsin’s new earned wage access (EWA) law puts a price ceiling on what providers can charge employees for each advance. Payrol...
