By Financial Executives Research Foundation
This research offers benchmark details for senior monetary executives on their salaries, bonuses, long term incentives and retirement merits. it really is in response to a survey despatched to energetic individuals of economic Executives foreign (FEI) in December 2007 and January 2008. This study document is an research of the 1,931 survey responses got.
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Additional resources for 2008 Financial Executives Compensation Survey
9 Over $5 499 999 million million million billion billion Number of 4 4 6 8 2 responses Salary Salary + Bonus Overall 24 145,800 195,300 152,700 229,600 176,500 186,200 171,600 238,400 196,400 310,800 186,900 236,600 29 1 6 4 5 1 1 2 24 The median salary ranges are shaded and bolded. The overall median salary is consistent with last year’s figures. 9 billion 1 Over $5 billion 1 2 1 1 1 2 1 8 2 Grand Total 5 3 5 3 3 2 2 1 24 The annual bonus percentages of private company treasurers varied. 9 billion 1 1 1 1 1 4 Over $5 billion 1 Grand Total 2 3 1 1 2 1 1 1 1 2 1 1 4 6 30 1 3 1 2 1 8 2 3 5 4 1 3 1 24 Other, Private Company The following table provides average base salaries and total pay, defined as salary plus bonus for other titles identified in the survey.
The views set forth in this publication are those of the author and do not necessarily represent those of the Financial Executives Research Foundation Board as a whole, individual trustees, employees, or the members of the Advisory Committee. Financial Executives Research Foundation shall be held harmless against any claims, demands, suits, damages, injuries, costs, or expenses of any kind or nature whatsoever except such liabilities as may result solely from misconduct or improper performance by the Foundation or any of its representatives.
Of the 21 total respondents, 11, or 52 percent, had a title of corporate CFO. The key areas of responsibility for these CFOs were (in order of prevalence): accounting and reporting, budgeting, treasury and finance, risk management and insurance, and administration. The average CFO’s total annual compensation was $184,233 ($155,867 base salary plus $28,367 bonus). This represents an increase from last year’s median salary range for CFOs in government. The critical performance measures for annual compensation were, in order of importance: company goals/objectives; individual goals/objectives; and department, group or business unit goals/objectives.