Fintech CFO salaries
Do you want to know more about Fintech CFO Salaries? Do you want to know how much does a Fintech CFO earns? What is their basic salary and total compensation in comparison to other c-suite roles in fintech organisations? That is something the 2018 Moorlands Human Capital Fintech Salary Survey has looked at. We surveyed over 500 individuals from 500 fintech organisations, and the findings are very interesting, across all roles. As we have seen in our previous blogs, the CEO and CTO take home the highest earnings of all five job roles surveyed. But what does a typical fintech CFO earn and how does it compare.
To standardise all the data collated we have standardised the data into US Dollars to make it easier to contrast against global salaries.
Fintech CFO Salaries – basic compensation
In total 74 CFO’s were surveyed about their compensation for the year. This was broken down into fixed and variable. The average fixed or base fintech CFO salary is $158,000. The lowest being $94,000 with the highest being $221,000. That highest figure immediately stands out as it is only around $6000 more than the average base salary of a fintech CTO.
Of the 74 CFO’s surveyed only 11 of them were outside of the $100,001 to $200,000 ranges. 3 of these being in the $94,000 to $100,000 range and 8 being in the top range of $200,001 to $250,000.
That leaves the remaining CFO’s all earning from $100,001 to $200,000 on their base salary.
Fintech CFO salaries – total compensation
Variable compensation included cash bonuses, long-term incentives awarded (for that year), retirement provision and other benefits. The average total compensation amount came in at $246,000. The lowest figure being $147,000. With the highest CTO coming in with $346,000. This clearly shows that it is in the variables where the CTO’s can add substantial amounts to their salaries.
Now although this does highlight that a fintech CFO can significantly increase their earnings through their variables, it also shows that on average a CFO banks more than half that of a fintech CTO.
The results highlighted here might come as a surprise to some. A CFO earning around half that of a CTO may shock some. Now these findings don’t down play the importance of a fintech CFO, but perhaps indicates the importance of CTO’s within fintech. These results would likely come out very differently in differing market sectors but show how fintech differs greatly from the norm. The fintech CFO plays a key role in managing cost control initiatives in line with growth plans for any fintech. Fintech CFO’S are tasked with shaping the industry in terms of making sure financial stability is achieved alongside growth, so in turn are ensuring that the fintech industry continues to grow and change the face of financial services. It will be fascinating to see if the reward structure to fintech CFO’s changes.
This is the first time we have published this executive salary survey, so we have no historical data to compare against. However, it is our aim over the coming years to be able to highlight the major trends in fintech c-level salaries.
To read the full salary survey you can ‘download’ here.