Are you being paid enough?
As the CFO shifts from Chief Financial Officer to Chief Performance Officer, so to do the expectations, and resulting pay, for those working within the finance function. Gone are the days of FP&A being “just a budgeting team.”
At a private company, in general, the best way to think about cash comp is that as a company gets larger, the floor you start at gets a little bit higher, since the company has ostensibly reached product market fit, achieved some level of commercial success, and now has funding to attract top talent with increasingly specific skillsets.
This post covers cash compensation, or base salary + annual bonus. What’s not factored in is equity compensation, which will be covered in a separate discussion (or if you’re in a rush, you can become a paying subscriber of the newsletter and we’ll benchmark it for you).
Below you’ll find the most recent ranges (High, Medium, Low) for private tech company cash comp (Salary + Annual Bonus), spanning firms valued from $25M to +$1B for the following roles:
Entry Level Financial Analyst
Senior Financial Analyst
Finance Manager
Senior Finance Manager
Finance Director
Senior Finance Director
VP of Finance
CFO
Data is sourced from surveyed Mostly metrics readers, Reddit, Pave, LinkedIn job postings, and my own experiential knowledge. It incorporates thousands of data points, which we’ve smoothed using our own formulas.
Note: This is not to be construed as financial advice. It’s for benchmarking and informational purposes only.
Entry Level Financial Analyst
Mostly observations: This can be viewed as an “entry level” gig for someone graduating from college with a bachelors in finance or accounting. Unlike the roles we’ll discuss below, comp for entry level financial analysts has moved the least in the past 10 years.