Talent Management

Bonuses ‘Bountiful’ for Treasurers and Others Last Year

Seventy-two percent of organizations awarded bonuses to their treasury and finance employees in 2014, at an average 18% of base salary, according t...
Katie Kuehner-HebertMay 21, 2015
Bonuses ‘Bountiful’ for Treasurers and Others Last Year

Salaries for treasury and finance professionals rose last year and bonuses were “bountiful,” according to the Association for Financial Professionals’ 2015 Compensation Survey released Wednesday.

The survey of more than 3,300 treasury and finance professionals found that respondents received a 4.1% gain in their base salaries during 2014, compared with a 3.8% gain the year before. Salaries increased across all professional levels: executive-level finance professionals’ salaries rose 3.5%; management level, 4.6%; and staff level, 3.4%.

“The 2015 Compensation Survey shows how highly organizations value the skills and expertise of treasury and finance professionals,” said AFP president and chief executive Jim Kaitz. “Just as they helped steer their companies through difficult times, treasury and finance professionals are also helping them grow.”

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On the executive level, treasurers and controllers/comptrollers garnered the highest average base salary increases of 4% and 3.9%, respectively. Within the management level, cash managers obtained the highest average salary increase of 8.3% — the largest increase for the 20 job titles tracked in the survey.

Bonuses were “bountiful” in 2014, as 72% of organizations awarded bonuses to their treasury and finance employees. On average, finance professionals received bonuses equivalent to 18% of their 2014 base salary. Executive-level finance professionals received the largest bonuses, with an average bonus of $57,500, or 34% of base salary.

The survey also found that treasury and finance professionals who held an MBA or graduate degree on average earned $9,000 more than their peers.