CFOs' Changing Roles Resulting in Higher Salaries, Surveys Say

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The changing role of chief financial officers and increased responsibilities for those officers is why most have experienced salary increases that are higher than the national average, according to several salary surveys. A study from Mercer found that CFO pay rose 7 percent in 2013 among companies in the S&P 500. Another study, the “2015 Salary Guide” from Robert Half Finance, reports raises of 3.2 percent to 3.4 percent for CFOs. The “2014 Financial Executive Compensation Survey” from Grant Thornton found that overall, pay for finance and accounting positions grew more than the average 3 percent.

To contact the reporter on this story: K. W. Mitchell in Washington at kwmitchell@bna.com

To contact the editor on this story: Christine Pulfrey at cpulfrey@bna.com