CFO (Chief Financial Officer) salary in Detroit, MI
Average Base Salary in Detroit, MI
$210,000
$18,500
Additional Cash Compensation
$228,500
Total Compensation
Median: 202,000
Min: $180K
Max: $245K
How Much Does a CFO (Chief Financial Officer) Make in Detroit, MI?
The average salary for a CFO (Chief Financial Officer) in Detroit, MI is $210,000. The average additional cash compensation for a CFO (Chief Financial Officer) in Detroit, MI is $18,500. The average total compensation for a CFO (Chief Financial Officer) in Detroit, MI is $228,500. CFO (Chief Financial Officer) salaries are based on responses gathered by Built In from anonymous CFO (Chief Financial Officer) employees in Detroit, MI.
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CFO (Chief Financial Officer)
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Detroit, MI
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CFO (Chief Financial Officer) Salary by gender
CFO (Chief Financial Officer) Salary by Years of Experience
The average salary for a CFO (Chief Financial Officer) with 7+ years of experience is $194,000.
CFO (Chief Financial Officer) Salary ranges
The most common CFO (Chief Financial Officer) salary in Detroit, MI is between $220k - $230k.
Average Finance salaries in Detroit, MI
| Job Title | Average Salary | Salary Range |
|---|---|---|
| Accountant | $73,857 | Min: $60K Max: $100K |
| Budget Analyst | $77,286 | Min: $65K Max: $93K |
| Senior Accountant | $90,125 | Min: $65K Max: $103K |
| Financial Analyst | $90,429 | Min: $70K Max: $113K |
| Senior Financial Analyst | $99,571 | Min: $85K Max: $117K |
| Controller | $149,000 | Min: $125K Max: $172K |
| Finance Director | $172,125 | Min: $150K Max: $185K |
| Vice President of Finance | $193,714 | Min: $185K Max: $200K |
| CFO (Chief Financial Officer) | $210,000 | Min: $180K Max: $245K |
FAQ
Q:
A.
A chief financial officer (CFO) is the highest financial leader in a company and is responsible for how a business allocates its resources while meeting financial goals.
Q:
How to become a chief financial officer (CFO)?
A.
A chief financial officer usually has a bachelor's degree in accounting, finance, economics, or a related field. Many also have advanced degrees beyond a bachelor's degree and at least 10 years of experience in the financial field.
Q:
How much does a chief financial officer (CFO) make?
A.
The salary range for a chief financial officer (CFO) is $42K-$245K. The average salary for a CFO (Chief Financial Officer) in Detroit, MI is $210,000.
Career Info
CFO (Chief Financial Officer) jobs in Detroit, MI
Skills that affect CFO (Chief Financial Officer) salaries in Detroit, MI
1
Budget Management
6% have this skill
2
Financial analysis
2% have this skill
3
Financial Accounting
2% have this skill
4
Financial Modeling
2% have this skill
5
Strategic Management
2% have this skill
6
Operational Analysis
1% have this skill
Average CFO (Chief Financial Officer) Salary by Company Size
People with the job title CFO (Chief Financial Officer) make the most at companies with 51-200 employees, earning $214,571 on average.
Recent CFO (Chief Financial Officer) salaries in Detroit, MI
$188,000
Yearly Salary
A CFO/VP of Finance reported a yearly salary of $188,000 with +$12,000 in additional cash compensation
7+ Years of Experience
Female
51-200 Employees
Detroit, MI
5-10 Reports
$200,000
Yearly Salary
A CFO reported a yearly salary of $200,000 with +$25,000 in additional cash compensation
7+ Years of Experience
Female
51-200 Employees
Detroit, MI
1-5 Reports
$202,000
Yearly Salary
A CFO (Chief Financial Officer) reported a yearly salary of $202,000
51-200 Employees
Detroit, MI
$180,000
Yearly Salary
A CFO (Chief Financial Officer) reported a yearly salary of $180,000
51-200 Employees
Detroit, MI
$185,000
Yearly Salary
A CFO (Chief Financial Officer) reported a yearly salary of $185,000
51-200 Employees
Detroit, MI
$225,000
Yearly Salary
A CFO (Chief Financial Officer) reported a yearly salary of $225,000
51-200 Employees
Detroit, MI
$245,000
Yearly Salary
A CFO (Chief Financial Officer) reported a yearly salary of $245,000
51-200 Employees
Detroit, MI
$240,000
Yearly Salary
A CFO (Chief Financial Officer) reported a yearly salary of $240,000
51-200 Employees
Detroit, MI
$225,000
Yearly Salary
A CFO (Chief Financial Officer) reported a yearly salary of $225,000
51-200 Employees
Detroit, MI