CPA firm leaders and accountants are constantly seeking new opportunities to grow their careers and increase their earning potential.
Here are the top 5 highest paying jobs in the accounting and finance industry in 2023:
Chief Financial Officer (CFO)
The CFO is a steward of the organization. This means that they are responsible for safeguarding its financial resources, ensuring that it operates within the bounds of ethical and legal standards, and maintaining its reputation. According to a report by Zippa.com, there are over 131,815 chief finance officers currently employed in the United States.
According to Deloitte, there are certain characteristics that make some CFOs more successful than the rest. They must have a deep understanding of the organization’s financial position and be able to use that knowledge to develop long-term plans that will ensure its success. The CFO must also be able to work closely with other members of the executive team, helping to align the organization’s financial goals with its overall strategy.
The CFO must be vigilant in ensuring the accuracy of financial reporting, protecting sensitive information, and managing risks.
The average salary for a CFO is over $175,000.
Corporate Controller
A Corporate Controller is a crucial position in any organization, responsible for overseeing and managing the financial operations of a company. The role of a Corporate Controller is to ensure that the company’s financial records are accurate and in compliance with accounting standards and regulations.
The main responsibilities of a Corporate Controller include managing the accounting department, preparing and analyzing financial statements, monitoring cash flow, and developing and implementing financial policies and procedures. They are also responsible for ensuring that the company’s financial reports are timely, accurate and provide valuable information to stakeholders.
Additionally, the Corporate Controller is responsible for ensuring that the company’s financial records are audited in accordance with regulatory requirements.
The average salary of a Corporate Controller is over $140,000.
Financial Management Consultant
A financial consultant is a professional who provides advice and guidance to individuals and businesses on their financial matters. They assist their clients in making informed decisions about their money by analyzing their financial situation, setting financial goals, and creating a plan to achieve those goals.
Financial consultants bring a wealth of knowledge and expertise to the table, covering a wide range of financial topics such as investment strategies, retirement planning, tax planning, estate planning, insurance planning, and budgeting.
Their goal is to help their clients make the most of their money and reach their financial goals, whether that’s saving for retirement, paying off debt, or investing in a business.
The average salary of a Financial Management Consultant is $129,000.
Investment Banker
Investment bankers play a crucial role in the world of finance and help clients achieve their financial goals. They typically work for large financial institutions or investment banks and are responsible for providing a wide range of services to their clients.
They must also be able to assess risk and develop strategies to minimize it. In addition, investment bankers need to have strong interpersonal skills in order to successfully build relationships with clients and understand their needs.
The average salary of an Investment Banker is over $175,000.
Conclusion
These are the top paying jobs in the accounting and finance industry in 2023, and it’s important for accounting and finance leaders and candidates to know benchmark pay for these roles.
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