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CFO Salary in Colombia

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How much does a CFO make in Colombia? The average CFO salary in Colombia is COL$610M as of April 08, 2021, but the range typically falls between COL$467M and COL$921M. 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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Global Market Data
50TH(Median) COL$610M 25TH COL$467M 75TH COL$921M

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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
Analysis COL$646M
Analysis
COL$646M
6%
General Ledger COL$628M
General Ledger
COL$628M
3%
Accounting Software COL$616M
Accounting Software
COL$616M
1%
Microsoft Office COL$616M
Microsoft Office
COL$616M
1%
Business Administration COL$616M
Business Administration
COL$616M
1%
Analysis
6.83%
General Ledger
1.18%
Accounting Software
2.40%
Microsoft Office
0.83%
Business Administration
5.73%
Job Openings for CFO
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About Colombia

The geography of Colombia is characterized by its six main natural regions that present their own unique characteristics, from the Andes mountain range region shared with Ecuador and Venezuela; the Pacific Coastal region shared with Panama and Ecuador; the Caribbean coastal region shared with Venezuela and Panama; the Llanos (plains) shared with Venezuela; the Amazon Rainforest region shared with Venezuela, Brazil, Peru and Ecuador; to the insular area, comprising islands in both the Atlantic and Pacific oceans. It shares its maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, Haiti...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia

CFO Pay Difference by Cities

City, Country Compared to national average
City, Country Medellin, CO Compared to national average
+ 0.1%
Employees with CFO in their job title in Medellin, CO earn an average of 0.1% more than the national average.

Understand the base salary paid range for a CFO in Colombia

Average Base Salary

Core compensation

466879485
921077992
609662425
The chart shows the base salary for CFO ranges from COL$467M to COL$921M with the average base salary of COL$610M. 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 Colombia

What is the salary range for a CFO in Colombia? What is the average hourly rate?

The average salary for a CFO in Colombia is COL$610M per year. The salary range for a CFO is between COL$467M and COL$921M. While we are seeing hourly wages as high as COL$442,826 and as low as COL$224,461, the majority of CFOs are currently paid an average of COL$293,107 in Colombia. 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 Colombia can differ based on any or all of these varying factors. April 08, 2021 salary.com )
Why should you negotiate salary for a CFO role? What are effective negotiation strategies?

Most hiring managers in Colombia 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 Colombia. 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 Colombia, 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. April 08, 2021 salary.com )
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 Colombia 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 Colombia 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 Colombia 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. April 08, 2021 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap
Last Update: April 08, 2021