Salaries of financial executives rose nearly 5 percent in the past year, according to a newly released study.
Financial Executives International estimated the average salary increase at 4.75 percent, with public companies awarding the highest salary increase of 4.96 percent. The two industries with the highest reported salary increases were advertising, at 8 percent, and metals, at 7.5 percent.
No public-company CFOs from companies with annual revenues of less than $25 million earned more than $400,000 per year, according to the FEI survey. Annual bonuses of private-company CFOs were also lower than those of public company CFOs. Most bonus percentages for public-company CFOs fell within the range of 21 to 70 percent, while those of private-company CFOs fell within the range of 11 to 60 percent.
The most popular perk continues to be a company car or car allowance, with 29 percent of CFOs receiving such a perk. The least popular perk continues to be housing or other living expenses, with 2 percent of CFOs receiving such a perk.
