The pay gap between CEOs and their C-suite counterparts is narrowing. In 2022, the average base salary increase for CEOs was 4.4 percent. Meanwhile, CFOs received a median pay raise of 5.5 percent, more than a full percentage point higher.
As responsibilities have grown throughout the C-suite, the career trajectory for finance leaders has evolved to match. Today, many senior finance employees look beyond their current organization for growth opportunities, and some successfully level-up to CEO positions. These factors, along with increased retention efforts across industries, have all contributed to the rise in CFO pay.
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