How Much Does A CFO Of A Billion Dollar Company Make?

How many years does it take to become a CFO?

Of the nine CFOs we spoke with, the shortest time it took any of them to become a CFO was five and a half years.

The longest was more than 20 years.

On average, it took the individuals we interviewed 14 years to become a CFO.

On average, it took the individuals we interviewed 14 years to become a CFO..

How much does the CFO of Amazon make?

As the Chief Financial Officer and Senior Vice President of Amazon.com, the total compensation of Brian Olsavsky at Amazon.com is $163,200.

How much does a CFO of a company make?

An early career Chief Financial Officer (CFO) with 1-4 years of experience earns an average total compensation of ₹1,483,044 based on 59 salaries. A mid-career Chief Financial Officer (CFO) with 5-9 years of experience earns an average total compensation of ₹1,550,480 based on 70 salaries.

Who is the highest paid CFO?

Safra CatzIn 2018, Safra Catz of Oracle was the highest-paid CFO, with a total compensation of over $108 million. The second highest-paid CFO was Ruth Porat of Alphabet with a total compensation of just over $47 million, more than $60 million less than Catz.

How hard is it to be a CFO?

It takes many years of experience to build up the necessary skill set to be an effective CFO. A CFO of a mid to large sized company usually is going to have a minimum of 10-15 years of experience. It’s basically as high as you can get in a company besides the CEO role.

Who is the highest paid person on earth?

Kylie JennerTopping the list is Kylie Jenner, who earned $590 million from June 2019 through May 2020….Keep reading to see the top 15 highest-paid celebrities on the Forbes Celebrity 100 list, ranked in ascending order of earnings.Kylie Jenner.Kanye West. … Roger Federer. … Cristiano Ronaldo. … Lionel Messi. … Tyler Perry. … Neymar. … More items…•

Is CFO a good job?

Being a great CFO means having a thorough understanding of accounting and business operations. CFOs analyze company finances to help plan the company’s overall direction. At a minimum, it will take about 10 years of experience to achieve this C-suite position.

Who is the youngest CFO?

Mr. Basilio, 44 years old, replaces David Knopf, who was the youngest CFO at a Fortune 500 company when he took the job at age 29 in 2017.

Does a CFO have to be an accountant?

CFOs have traditionally emerged from the accounting ranks, with reputations as masters of cost management, corporate finance strategy, accounting standards and reporting requirements. But the role has morphed to the point that accounting expertise is often no longer required.

How much does a CFO of a small bank make?

Bank CFO SalaryAnnual SalaryMonthly PayTop Earners$221,000$18,41675th Percentile$178,500$14,875Average$140,434$11,70225th Percentile$100,000$8,333

Who gets paid more CEO or CFO?

Average CEO Salary: $109,070. Average CFO Salary: $138,698. Average COO Salary: $119,495.

What degree do I need to be a CFO?

You’ll need a bachelor’s degree to become a CFO. The U.S. Bureau of Labor Statistics notes that the most common are finance, public accounting, economics, public administration, and business administration.

How much does the CFO of JP Morgan make?

BankExecutiveSalaryJP Morgan ChaseJames Dimon Chairman and CEO$1 millionJP Morgan ChaseMichael J. Cavanagh Chief financial officer$500,000JP Morgan ChaseSteven D. Black Co-CEO Investment Bank$400,000JP Morgan ChaseJames E. Staley CEO Asset Management$400,00052 more rows

How much does a startup CFO make?

As of Dec 9, 2020, the average annual pay for a Startup CFO in the United States is $130,546 a year. Just in case you need a simple salary calculator, that works out to be approximately $62.76 an hour. This is the equivalent of $2,510/week or $10,879/month.

What should I major in to become a CFO?

The most common level of education required to become a CFO is a bachelor’s degree, coupled with a considerable amount of experience. A popular qualification for CFOs is a master’s degree in business administration, with 54% of Fortune 100 CFOs holding an MBA.