CFO Salary in Australia
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How much does a CFO make in Australia? The average CFO salary in Australia is A$422,136 as of March 19, 2021, but the range typically falls between A$256,067 and A$772,128. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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Skills to Boost a CFO Salary
Mastering key skills can significantly increase your earning potential as a CFO. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 6% salary raise, while strong General Ledger skills boost pay by a 3%. Even Accounting Software can result in a 1% salary increase.
Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
General Ledger
Creating and keeping track of business transactions and activities to monitor financial operations.
Accounting Software
Accounting software makes it easier for business owners to manage financial procedures, performing financial tasks correctly and quickly.
More Skills...
Based on recent job listings, in-demand skills in the CFO field include Analysis (6%), General Ledger (3%), Accounting Software (1%), Microsoft Office (1%), and Business Administration (1%). These skills reflect current market needs.
| Skills | Salary | Demand | |
|---|---|---|---|
| Skill & Salary | Demand | ||
| A$447,464 |
Analysis
A$447,464
|
6%
|
|
| A$434,800 |
General Ledger
A$434,800
|
3%
|
|
| A$426,357 |
Accounting Software
A$426,357
|
1%
|
|
| A$426,357 |
Microsoft Office
A$426,357
|
1%
|
|
| A$426,357 |
Business Administration
A$426,357
|
1%
|
What does a CFO do?
CFO
Saint-Etienne, FR
A CFO must display a cohesive ability at interpersonal and communication skills, both verbally and written.
12/28/2020
CFO
Neuquen, AR
A CFO can work in a variety of settings, from small companies to international corporations.
02/08/2021
CFO
Sydney, AU
The role of CFO is very senior, hence a high level of experience is expected for anyone applying for this role.
02/05/2021
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About Australia
Lying on the Indo-Australian Plate, the mainland of Australia is the lowest and most primordial landmass on Earth with a relatively stable geological history. The landmass includes virtually all known rock types and from all geological time periods spanning over 3.8 billion years of the Earth's history. The Pilbara Craton is one of only two pristine Archaean 3.6–2.7 Ga (billion years ago) crusts identified on the Earth.
Having been part of all major supercontinents, the Australian continent began to form after the breakup of Gondwana in the Permian, with the separation of the continental land...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
CFO Pay Difference by Cities
| City, Country | Compared to national average |
|---|---|
| City, Country Sydney, AU |
Compared to national average
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| City, Country Melbourne, AU |
Compared to national average
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| City, Country Brisbane, AU |
Compared to national average
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| City, Country Perth, AU |
Compared to national average
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| City, Country Adelaide, AU |
Compared to national average
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| City, Country Gold Coast, AU |
Compared to national average
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Employees with CFO in their job title in Sydney, AU earn an average of 3.8% more than the national average. The lower salaries can be found in Gold Coast, AU (5.4% less), Adelaide, AU (3.7% less), Brisbane, AU (1.3% less).
Similar Jobs to CFO in Australia
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| Job Title | Salary Range in AUD |
|---|---|
| Job Title Chief Financial Officer |
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Understand the base salary paid range for a CFO in Australia
Average Base Salary
Core compensation
256067
772128
The chart shows the base salary for CFO ranges from A$256,067 to A$772,128 with the average base salary of A$422,136. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the CFO may get paid difference by industry, location, and factors.
CFO Frequently Asked Questions in Australia
What is the salary range for a CFO in Australia? What is the average hourly rate?
The average salary for a CFO in Australia is A$422,136 per year. The salary range for a CFO is between A$256,067 and A$772,128. While we are seeing hourly wages as high as A$371 and as low as A$123, the majority of CFOs are currently paid an average of A$203 in Australia. The average salary pay range for a CFO can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a CFO in Australia can differ based on any or all of these varying factors.
March 19, 2021
salary.com
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Why should you negotiate salary for a CFO role? What are effective negotiation strategies?
Most hiring managers in Australia expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the CFO position that you can in Australia. This starting salary of the CFO position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the CFO position in Australia, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs.
March 19, 2021
salary.com
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How do you evaluate the advantages, opportunities, and salary for a CFO role located in large metropolitan city or in a small town?
Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a CFO in the Australia can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a CFO job in a large city of the Australia may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the Australia also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which CFO job is right for you.
March 19, 2021
salary.com
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Last Update: March 19, 2021