A financial controller, also known as a controller or comptroller, is a financial professional who is responsible for managing the financial operations of a company. The financial controller plays a key role in the overall financial management of the organization, overseeing the preparation of financial reports, developing financial strategies, and ensuring compliance with financial regulations.
According to data from the Bureau of Labor Statistics (BLS), the median annual wage for a financial controller was $125,080 in 2020. The lowest 10% of financial controllers earned less than $77,520 per year, while the highest 10% earned more than $187,199 per year.
Salaries for financial controllers can vary based on a number of factors, including the size and industry of the company, the location, and the individual’s education and experience. Financial controllers working in larger companies or in industries such as finance and insurance tend to earn higher salaries than those working in smaller companies or in other industries.
The hiring process for a financial controller typically involves a review of the candidate’s education, work experience, and qualifications. Many financial controllers have a bachelor’s degree in finance, accounting, or a related field, and may also have professional certifications such as the Certified Public Accountant (CPA) or the Certified Management Accountant (CMA).
Financial controllers can work either full-time or part-time, depending on the needs of the company. Full-time financial controllers typically work 40 hours or more per week and may be responsible for managing a team of financial professionals. Part-time financial controllers may work fewer hours per week and may have a more focused role within the organization. The salary of a part-time financial controller may be lower than that of a full-time financial controller, as the part-time financial controller will typically work fewer hours per week. The hourly rate for a part-time financial controller may range from $30 to $100 per hour, depending on the individual’s qualifications and experience.
Financial controllers can specialize in a particular area, such as financial planning and analysis, budgeting and forecasting, or risk management. Specializations may affect the salary of a financial controller, as certain areas may be in higher demand or require more specialized skills.
In summary, the salary of a financial controller can vary based on the size and industry of the company, the location, and the individual’s education and experience. Financial controllers can work either full-time or part-time, and may specialize in a particular area of finance. The hiring process for a financial controller typically involves a review of the candidate’s education, work experience, and qualifications.
