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Finance Salaries on the Rise

AFP salary survey shows pay is increasing more rapidly than at any time in the past five years, with lower-level salaries leading the way.

By Treasury & Risk Staff | Updated on May 28, 2014
Today the Association for Financial Professionals (AFP) released the results of its annual salary survey. The headline news is that finance managers and staff are receiving larger raises today than at any time since the financial crisis.

More than 3,300 finance professionals provided information on their base salaries as of January 1, 2014, as well as their total compensation (base salary plus any bonuses) during calendar year 2013. Respondents represent every region of the United States and companies of all sizes. Exactly half come from organizations with over $1 billion in annual revenue, while 22 percent come from companies with under $100 million in annual revenue.

Among all these respondents, the average raise in base salary from January 1, 2013, to January 1, 2014, was 3.8 percent. This is up from 3.4 percent the previous year, and it’s considerably higher than at any other time since the crisis. For the first time in several years, finance staff saw a larger increase (4.1 percent) than did finance managers (4.0 percent) or finance executives (3.5 percent). Executives were the only group to see a lower average salary increase last year than they received the year before (see Figure 1, below). Among the 20 different job titles tracked in the survey, the two that saw the highest raises were financial reporting specialists (5 percent, on average) and financial analysts (4.8 percent).

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