Most Corporate Finance Salaries Remain Flat

Stuck at about $128,000 in total comp.

Pay for finance and accounting executives is remaining essentially flat for the third year in a row, according to a survey by the Institute of Management Accountants of its members.

The average salary increased 3.1% to $109,265 and total compensation increased 4.2% $128,486. But the IMA said “neither increase is statistically significant.”

Unlike earlier years, total compensation in the latest year rose faster than base salaries. The IMA said more finance executives received raises this year, but the average amount of the raise has remained flat.

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CFOs Expect Big Raises This Year

Companies increasingly tie pay to non-financial targets.

Click to enlarge. Source: AICPA

Pay for CFOs is set to rebound this year after two years of declines, according to a new AICPA member survey.

Predicting “a substantial improvement in 2011 at both private and public companies,” the AICPA survey says bonus-driven compensation should be buoyed this year by rapidly improving corporate performance.

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Pay Surges 19% to $2.9 Million for Top CFOs

Cash bonuses lead the way, up 24% Average compensation for chief financial officers at S&P 500 companies jumped 19% to $2.9 million last year, driven by rebounding profits and stock prices, according to a Wall Street Journal survey. While the … Continued

How Much to Charge?

It depends… Top billing rates average $319 for partners at firms grossing over $10 million a year, according to the latest AICPA/PCPS MAP survey, down to $115 per hour for partners at firms grossing les than $200,000 a year. The … Continued

CPA Firms Cut Salaries for New Grads

But corporate employers raise starting pay. While most new college graduates are just happy to get a job this Spring, they’re probably happier going to work in business and industry because that’s where the money is. Starting salaries in public accounting are sinking … Continued

Accountant Job Confidence Dips

Although workers gain confidence in the economy, more see job opportunities narrowing.

Job confidence among U.S. accounting and finance workers dropped 4.0 points to 52.1 in the first quarter of 2011, according to Mergis Group, the SFN-owned placement agency.

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No Surprise: The Best Firms Pay More

But they bill for it too.

Annual compensation. Source: INSIDE Public Accounting via CPA Trendlines

The best firms, according to INSIDE Public Accounting, start paying more from the first day and from the bottom up. For instance, IPA’s Best of the Best pay new graduates about $55,000, compared to $50,000 at their competitors — a 10% advantage that generally carries through every job level. READ MORE →