A Senior Vice President (SVP) of Finance is a high-level executive position that oversees the financial operations of a company. The SVP Finance is responsible for managing financial planning and analysis, accounting, budgeting, audits, investments, and other financial matters. This role requires extensive financial expertise and leadership skills to guide strategic business decisions.
In major metropolitan areas like Atlanta, SVP Finance positions at large corporations command substantial salaries given the scope of responsibility. The compensation reflects the specialized qualifications and experience required for the job. This article will provide an in-depth examination of the typical salary range for an SVP Finance in a corporate role based in Atlanta. Key factors that impact SVP Finance salaries will also be analyzed.
Typical SVP Finance Salary Range in Atlanta
According to data compiled from various sources, the average base salary for an SVP Finance in Atlanta ranges from $230,000 to $420,000, with the median at around $300,000. However, salaries can vary significantly based on these key factors:
Company Size
SVP Finance compensation is closely linked to company size, which generally correlates with the scale of financial operations and assets under management. According to Salary.com data, SVP Finance salaries break down as:
– Small companies (under $200 million revenue): $148,750 – $275,000
– Mid-size companies ($201 million – $1 billion revenue): $233,750 – $350,000
– Large companies ($1 billion – $5 billion revenue): $300,000 – $412,500
– Major corporations (over $5 billion revenue): $350,000 – $475,000
Years of Experience
Salaries also differ substantially based on the SVP’s total years of financial leadership experience and proven success managing complex finance functions:
– 8-10 years experience: $220,000 – $260,000
– 10-15 years experience: $260,000 – $325,000
– 15-20 years experience: $325,000 – $425,000
– 20+ years experience: $425,000+
Industry
Salaries vary across industries and sectors. According to Robert Half data, average base salaries break down by sector as:
– Technology: $386,750
– Banking/Financial Services: $367,500
– Manufacturing: $325,000
– Healthcare: $300,000
– Retail: $275,000
– Non-profit: $212,500
SVP Finance positions at major corporations in high-paying industries like technology and finance command the top end of the salary range in Atlanta.
Education and Certifications
Most SVP Finance roles require a bachelor’s degree in finance, accounting or related field. An MBA or CPA certification provides a salary boost. Typical credentials include:
– Bachelor’s required, MBA preferred: +$30,000
– CPA certification: +$20,000
Components of SVP Finance Compensation
In addition to base salary, SVP Finance total compensation includes performance incentives and benefits that enhance overall earnings.
Performance Bonus
The annual bonus incentive can range from 20% to 50% of base salary based on meeting financial goals and the company’s financial performance. Large signing bonuses of $50,000 – $100,000 may be offered with the initial job offer.
Equity Compensation
SVP-level executives often receive stock options, restricted stock units (RSUs) or performance shares. The equity stake provides incentives for long-term growth and shareholder value creation. Total equity awards can reach several million dollars at major corporations.
Benefits Package
Typical benefits that supplement cash compensation include:
– Health, dental and vision insurance
– 401(k) retirement plan matching
– Life and disability insurance
– Paid time off and holidays
– Tuition assistance
– Corporate housing and relocation allowance
Factoring in the value of bonuses, equity and benefits can increase total SVP Finance compensation 20-50% above base salary.
Job Outlook for SVP Finance Roles
The job outlook for SVP Finance positions is strong nationwide and in metro areas like Atlanta. According to Bureau of Labor Statistics data, demand for financial executives and senior finance managers will grow 19% through 2026, faster than average for all occupations. This steady job growth is fueled by expansion at large firms with complex financial needs.
Major corporations centered in Atlanta offer plentiful job opportunities for highly qualified SVP Finance candidates. Top employers include:
– The Coca-Cola Company
– Home Depot
– UPS
– Delta Air Lines
– Southern Company
In addition, Atlanta’s large and diversified economy comprises over 150 Fortune 500 companies across industries like technology, financial services, biopharma and aerospace. The city serves as a hub for regional operations of many major banks and financial institutions as well. This breadth of large corporations ensures steady demand for Chief Financial Officers and SVPs of Finance.
Conclusion
In summary, a Senior Vice President of Finance in Atlanta earns an average base salary between $230,000 – $420,000, with total compensation above $500,000 at many large corporations. Salaries vary based on company size and revenue, years of experience, specific industry, and education credentials. The career outlook is strong for SVP Finance roles, with Atlanta providing abundant opportunities at major national and regional firms seeking highly skilled financial executives to oversee complex strategic operations.