As of March 01, 2025, the average annual salary for a CFO in Chicago, IL is $481,600. Salary.com reports that pay typically ranges from $369,200 to $616,500, with most professionals earning between $266,866 and $739,319.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $616,500 | $51,375 | $11,856 | $296 |
| Average | $481,600 | $40,133 | $9,262 | $232 |
| 25th Percentile | $369,200 | $30,767 | $7,100 | $178 |
An entry-level CFO with under 1 year experience makes about $397,593. With less than 2 years of experience, a mid-level CFO makes around $407,814. After 2-4 years, the CFO pay rises to about $421,441. Those senior CFO with 5-8 years of experience earn roughly $441,883, and those CFO having 8 years or more experience are expected to earn about $467,434 on average.
| Levels | Salary |
|---|---|
| Entry Level CFO | $397,593 |
| Intermediate Level CFO | $407,814 |
| Senior Level CFO | $421,441 |
| Specialist Level CFO | $441,883 |
| Expert Level CFO | $467,434 |
| Entry Level | 17% |
| Mid Level | 15% |
| Senior Level | 12% |
| Top Level | 8% |
| Experienced | 3% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
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.
Balance Sheet: Balance Sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, business partnership, corporation, private limited company or other organization such as government or not-for-profit entity.
| Skill | Salary | Demand |
|---|---|---|
|
Analytical Skills
|
$558,656 |
16%
|
|
Insight
|
$549,024 |
14%
|
|
Integrity
|
$544,208 |
13%
|
|
Communication Skills
|
$539,392 |
12%
|
|
Treasury
|
$539,392 |
12%
|
|
Coordination
|
$539,392 |
12%
|
