Such work is well paid, but the exact salary is determined by experience, the region of work and the characteristics of the enterprise itself. The minimum income of a financial director who has no previous experience in a similar position is 60,000 rubles.
In a couple of years, having developed practical skills, he can count on 65,000-140,000 rubles. Three years of experience provides an income of 85,000-220,000 rubles. However, the requirements for a specialist become much more stringent, so it is worth taking specialized training in advance.
The highest salaries await applicants with at least five years of experience in this position. They can reach 450,000–700,000 rubles, and the specific amount depends on the size of the company.
Fixed part of salary
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There are currently over investor database a thousand job postings on the job search site, and the demand among companies for financial directors is increasing every month.
The following salaries are offered in Russia :
from 90,000 rubles – 411 vacancies;
from 155,000 rubles – 171 vacancies;
from 225,000 rubles – 86 vacancies;
from 295,000 rubles – 44 vacancies;
from 360,000 rubles – 28 vacancies.
In Moscow, the job market offers in the area of interest to us are as follows:
from 90,000 rubles – 184 vacancies;
from 160,000 rubles – 89 vacancies;
from 225,000 rubles – 56 vacancies;
from 295,000 rubles – 30 vacancies;
from 360,000 rubles – 18 vacancies.
In St. Petersburg, employers are ready to provide the following income to financial directors of companies:
from 80,000 rubles – 42 vacancies;
from 125,000 rubles – 32 vacancies;
from 165,000 rubles – 13 vacancies;
from 210,000 rubles – 9 vacancies;
from 255,000 rubles – 7 vacancies.
Advice for the CFO on further career growth
First of all, it is important to choose a field of work in order to plan further training and develop the necessary skills.
Tips for the CFO
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The following development options are possible:
Transfer to another company, industry
It is important to understand that working in a larger organization is always accompanied by an increase in the number of responsibilities. In addition to financial tasks, strategic ones appear, as well as in the sphere of production and marketing. It takes 1.5–3 years to achieve success in a new sphere. During this time, you can understand the intricacies of the accounting and treasury departments.
Consulting
When you get bored in the field of financial management, you can retrain as a consultant, because the latter is now in demand. They can work for themselves or join the company's staff.
Joining the Board of Directors
There is always a need for a financial specialist who is able to assess risks, opportunities, and look for available development options.
Business management
Often, the qualifications of a financial director allow him to grow to the position of executive director, and then to become CEO. However, an increase in salary and opportunities leads to an increase in responsibility and the number of duties. Modern companies rarely invite outside candidates for the position of CEO - usually this position is occupied by the former head of the financial department.
The path to success in one of the specified areas requires a lot of time. To become a financial director of a company, you need to spend up to three years, starting with the position of economist, accountant. Then you can move on, learning and developing the necessary skills.