public relations 62,800 Local government, excluding education and hospitals 48,700 Commercial banks 45,800 Savings institutions 41,800 According to a 1999 survey by Robert Half International, a staffing services firm specializing in accounting and finance, salaries of assistant controllers and treasurers varied from $42,700 in the smallest firms to $84,000 in the largest firms; corporate controllers earned between $47,500 and $141,000; and chief financial officers and treasurers earned from $65,000 to $319,200. Salaries are generally 10 percent higher for those with a graduate degree or Certified Public Accountant or Certified Management Accountant designation.The results of the Treasury Management Association’s 1999 compensation survey are presented in table 1. The earnings listed in the table represent total compensation, including bonuses and deferred compensation. Table 1. Average earnings for selected financial managers, 1999Vice president of finance $165,400 Chief financial officer 150,100 Treasurer 129,800 Controller 109,700 Assistant treasurer 96,500 Director treasury/finance 93,200 Assistant controller 75,900 Senior analyst 63,000 Cash manager 56,600 Analyst 45,500 SOURCE: Treasury Management AssociationLarge organizations often pay more than small ones, and salary levels can also vary by the type of industry and location. Many financial managers in private industry receive additional compensation in the form of bonuses, which also vary substantially by size of firm. Deferred compensation in the form of stock options is also becoming more common. Related Occupations [About this section] Top Financial managers combine formal education with experience in one or more areas of finance, such as asset management, lending, credit operations, securities investment, or insurance risk and loss control. Workers in other occupations requiring similar training and skills include accountants and auditors, budget officers, credit...
