This question is about chief finance officer salaries.

How much money does a CFO make?

By Zippia Team - Dec. 17, 2021

A chief financial officer (CFO) makes an average annual salary in the low to mid-six figures, with further compensation in the form of stock options.

Reported average annual chief financial officer salaries vary greatly, depending on the source. The Bureau of Labor Statistics reported the 2020 average annual chief executive salary -- including all C-suite level employees -- at $197,840, with the bottom ten percent earning just over $60,000.

Top-earning CFOs have reported total annual compensation packages upwards of seventy million.

According to the Bureau of Labor Statistics (2020), the top-paying states for chief executives are:

South Dakota
New Jersey
District of Columbia
Connecticut
Washington

Stock options make up a portion -- typically one to three percent -- of a chief financial officer's pay. This means a CFOs compensation is based, at least in part, on the organization's performance.

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