Chief Financial Officer Salary in Wisconsin
Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
Annual and Hourly Chief Financial Officer undefined, Wisconsin Salary Table:
Percentile | Annual Salary | Hourly Wage |
---|---|---|
10th | $84,930 | $40.83 |
25th | $104,510 | $50.25 |
Median | $133,430 | $64.15 |
75th | $172,530 | $82.95 |
90th | $226,060 | $108.68 |
Best Schools to become a Chief Financial Officer in Wisconsin 2024
University of Wisconsin-Madison
University of Wisconsin-Eau Claire
University of Wisconsin-Whitewater
University of Wisconsin-Parkside
University of Wisconsin-La Crosse
Marquette University
Browse Chief Financial Officer Salaries by the Top Cities in Wisconsin
Chief Financial Officer Salary in Wisconsin FAQs
What qualifications are needed to become a Chief Financial Officer in Wisconsin?
A Chief Financial Officer typically holds a bachelor’s degree in finance, accounting, business administration, or a related field. Many CFOs also possess advanced degrees, such as a Master of Business Administration (MBA) or a Master’s in Finance. Additionally, certifications like Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) can enhance qualifications and credibility in this role.
How does industry affect the salary of a Chief Financial Officer in Wisconsin?
The salary of a Chief Financial Officer can vary significantly based on the industry you work in. Industries such as technology, healthcare, and finance often offer higher compensations due to the complex financial environments and regulatory requirements they face. In contrast, non-profit organizations and smaller businesses may offer lower salaries, reflecting their budgetary constraints.
What are the key responsibilities of a Chief Financial Officer in Wisconsin?
As a Chief Financial Officer, your primary responsibilities include managing the financial planning and reporting of the organization, overseeing budgeting processes, ensuring compliance with financial regulations, and providing strategic advice to the executive team. You will also play a vital role in financial forecasting and resource allocation.
How does experience impact the salary of a Chief Financial Officer in Wisconsin?
Experience plays a critical role in determining the salary of a Chief Financial Officer. Generally, professionals with more years of experience, particularly in senior financial management roles, can command higher salaries. Additional experience in specific industries or financial specialties can also contribute to increased earning potential.
Are there regional differences in salary within Wisconsin for Chief Financial Officers?
Yes, salary levels for Chief Financial Officers can vary across different regions in Wisconsin. Metropolitan areas, such as Milwaukee and Madison, typically offer higher salaries due to a larger concentration of businesses and higher living costs. In contrast, rural areas may present lower salary averages, reflecting different economic conditions.
What skills are essential for a Chief Financial Officer to succeed in Wisconsin?
Essential skills for a Chief Financial Officer include strong analytic capabilities, strategic thinking, risk management expertise, and effective communication skills. Proficiency in financial software and an understanding of regulatory frameworks are also important. In addition, leadership skills are vital for guiding the finance team and collaborating with other executive leaders.
How do bonuses and incentives factor into a Chief Financial Officer's overall compensation in Wisconsin?
Beyond base salary, many Chief Financial Officers receive bonuses and other incentives, which can significantly increase overall compensation. These may include performance-based bonuses, stock options, or profit-sharing arrangements tied to the company’s financial success. The structure and amount of these incentives often depend on individual and company performance metrics.
What is the typical career progression for a Chief Financial Officer in Wisconsin?
The career progression for a Chief Financial Officer often starts with positions such as financial analyst or accountant. Many CFOs then advance to senior finance roles, including Finance Manager or Controller, before achieving the CFO position. Continuous professional development and networking play important roles in successfully progressing to a CFO role.
What resources are available for networking and professional development for aspiring Chief Financial Officers in Wisconsin?
Several organizations and resources exist for networking and professional development. Consider joining professional associations such as the Wisconsin Institute of CPAs (WICPA) or the Financial Executives International (FEI). Attending industry conferences, workshops, and local business events can also provide valuable networking opportunities, as well as access to mentorship programs and leadership training initiatives.