AFP compensation report: salaries on the rise for finance executives
Directors of treasury or finance in the US have enjoyed salary increases of 4.8% during 2004 compared to the average salary increase for finance professionals of 3.6%. According to a salary report by the Association of Finance Professionals (AFP), the US-based organisation for finance professionals, this stands barely above the national average for a salary increase in the US of 3.5%. But, as every finance executive knows, the question of salary and the question of bonus can be quite different. In 2004, in fact, the average executive bonus was equal to 33% of the employee's base salary.
Those treasurers with an MBA qualification will also be counting their well-spent investments as the AFP survey reveals that MBA professionals receive over $25,000 more than their non-MBA qualified peers.
Full results from the AFP's 2004 Compensation Survey will be announced at the AFP's annual conference held in San Diego, US, on November 8th to 10th.