what you need to know about controller salaries and jobs 7

Controller Salary: A Deep Dive into Industry Pay Standards

The role of a controller is a senior-level position in an organization’s accounting and finance department, responsible for overseeing financial reporting, analysis, and planning. As a critical component of the finance team, controllers play a vital role in shaping the company’s financial strategy and direction. One of the most significant factors that influence a controller’s career decisions is their salary. In this article, we’ll delve into the world of controller salaries, exploring the factors that impact earnings, growth potential, and career development.

However, according to the agency, those who already have air traffic control experience can be hired up to 35 years of age. Roles such as Chief Accounting Officer (CAO), Senior Accountant, and Staff Accountant are also integral to the accounting landscape. In this guest article, Eric Bloom of ITML Institute shares how CIOs can use office influence to help drive organizational objectives and personal professional advancement. Technology can help bridge the gap and propel us to reach both short- and long-term career goals.

Controller Job Descriptions, Types, and Salary Ranges

It typically takes 7-10 years of relevant accounting experience to reach a controller position paying over $150,000. However, aptitude, credentials like a CPA, and developing specialized expertise can accelerate career advancement. Understanding typical controller salary ranges and the variables impacting pay enables employers to develop competitive what you need to know about controller salaries and jobs compensation packages to attract and retain top financial leadership talent. If you’re personally interested in a controller role, take a hard look at your resume.

Revenue Analyst: Job Description & Average Salary

Generally the role of Controller would fit as the head of an accounting or finance team, reporting to the executive team. In many companies the controller manages accountants and reports directly to the Chief Financial Officer (CFO). In many of the hot technology startups and other small or growing companies you may find that the Controller role is simply filled by a CFO or CEO. In a very large and/or corporate environment, a controller might function as a web with assistant controllers targeting specific subgroups of the financial load.

Calculating controller salary

“I always know what my hours are each day, but it is not always at the same time. It is consistently inconsistent.” The FAA implemented new rules in 2024 to minimize controller fatigue by raising the minimum rest time between shifts from at least nine hours to at least 10 hours. According to Earley, there are several things controllers do to ensure nothing is missed. Initial tests are pass/fail, according to the agency, and failing certain exams will eliminate applicants from the hiring process.

• They oversee all employees involved in the accounting process, including accounts receivable (AR), accounts payable (AP), payroll, inventory, and compliance.
• Generally the role of Controller would fit as the head of an accounting or finance team, reporting to the executive team.
• ATC is a good option for people looking for a high-salary job that doesn’t require a college degree.
• One of the most significant factors that influence a controller’s career decisions is their salary.
• “I do have some shifts I work from midnight to 8 a.m., as well as some scattered 12-8 shifts, so it rotates,” he said.

“…job growth outlook for controllers is 16% between 2018-2028, a much faster rate than the average rate of growth…”

If a company has subsidiaries, the controller oversees their accounting operations and ensures their reporting and control systems fall within the parameters set by the parent company. Generally, accounting personnel at these subsidiary operations report to an accounting manager or vice president at the subsidiary, who in turn reports to the controller at the parent company. Boutique Recruiting offers targeted recruitment services to assist organizations in finding qualified candidates for controller and related positions. In the financial sector, recruitment challenges are significant, and addressing them requires a strategic approach. Understanding labor laws that impact hiring practices is crucial for both compliance and attracting the right candidates.

• As of 2021, there were 233,381 corporate controllers in the United States.
• Without that, you’ll have a really hard time getting the time of day from the hiring manager, let alone a job offer.
• Utilizing various resources—such as templates, AI writing tools, and feedback mechanisms—streamlines the creation of job descriptions.

Become an even more valuable contributor by strengthening your finance skills with Udemy’s online courses. U.S. Bureau of Labor Statistics data indicates employment for financial specialists is projected to grow by 6 percent from 2021 through 2031. Within these industries, large enterprises and firms in major metro areas tend to offer higher pay. Top priorities for a controller are people, reporting, and efficiency, as reported by Parker + Lynch.

What Do Controllers Do?

Accounting professionals who make it to the controller position enjoy above-average salaries. However, this is just the median number, and among the 50% who make more than this, many make a lot more. Controllers at Fortune 500 companies regularly earn well into six figures and sometimes more than $250,000. However, the advantage to working for a small business is that high-ranking employees, such as controllers, often get to share in the growth of the company.

The salary is good, but the work schedule can be inconsistent

You may consider taking on more responsibility in your current job or asking someone in a more executive role to mentor you. Soft skills can be learned and practiced in any role, such as building relationships, improving communication, teamwork, time management, and resourcefulness. The Bureau of Labor Statistics (BLS) doesn’t have a separate category for controllers. But in the current job market, nearly all companies hiring for the controller position want to see at least a bachelor’s degree and preferably a master’s degree, and they also generally want certified public accountants (CPAs). The controller has the final say in most companies on how these records are kept and where they are stored.

By understanding the factors that impact controller salaries and exploring opportunities for growth and development, professionals in this field can unlock their full earning potential and achieve long-term career success. In financial services, average controller salaries range from $120,000 to $170,000. At top tier investment banks and private equity firms, base compensation can exceed $200,000 for controllers with specialized expertise in capital markets, mergers and acquisitions, or other high demand skillsets. Bonuses and profit sharing may account for a significant portion of total pay. Geographic location, professional credentials like CPA, and advanced degrees also tend to correlate with higher controller salaries in the financial services sector. The average salary for controllers in the technology industry ranges from $120,000 to $150,000 per year.