Average Salary of a Controller There are many factors that go into the total compensation of an employee. Salary is just one of these factors, however, it can often be the largest component in many employees’ compensation packages.
The average salary for a controller is $90,000 per year.
Average salary for a controller
According to the Bureau of Labor Statistics (BLS), controllers, or chief accounting officers, in the United States earn an average annual salary of $122,000. However, these salaries can vary widely depending on location, industry, and level of experience among other things. The skills necessary for a controller are not for the faint-hearted: this is a high-level position with significant responsibilities and demands. Controllers are responsible for overseeing all financial activities within an organization and ensuring that proper internal controls are in place to protect shareholders’ interests. In addition, they provide guidance to upper management teams by preparing financial reports and interpreting data related to revenues and expenditures.
1. What is a Controller?
A controller is a finance executive who is responsible for the day-to-day financial operations of a business. In other words, they’re in charge of making sure the company’s money is handled correctly and that financial statements are prepared accurately.
A controller’s duties include:
- Managing all accounting functions to ensure proper documentation of transactions and a good system of internal controls is in place.
- Ensuring compliance with tax laws, including filing required tax returns on time (or obtaining extensions).
- Working with auditors during their annual audit or upon request from outside auditors or regulatory agencies regarding any concerns about accounting practices or procedures at your company (think Sarbanes-Oxley Act).
2. Salary Details
The average salary for a controller is $72,000. The lowest salary range is between $51,000 and $60,000 and the highest salary range spans from $90,000 to $100,000.
Salary by State
The following table shows the salaries of controllers in different US states:
3. Job Description and Responsibilities
A controller is the person who helps keep a business or organization’s books in good order. They make sure that all revenue, expenses, and debts are accounted for and accurate. A controller also examines financial statements to see how much money an organization is making or losing.
The job description of a controller is similar to that of a financial manager, but generally includes more management responsibilities related to other departments within the business (such as marketing or sales). In addition, controllers may be able to hire their own staff if they have enough authority from senior leadership at the company where they work.
The average annual salary for controllers in the United States is $122,000, but can vary considerably depending on location
The average annual salary for controllers in the United States is $122,000. However, this number can vary depending on location and experience level.
A controller in San Francisco earns an average of $70 per hour (a median figure), or about $142,000 annually. If a controller worked full-time (40 hours per week) then they would make about $31,200 per month and about $1,637 every week.
In London the average wage for a controller is £34k; at £40k it’s still below Manchester’s median wage of £58k but higher than Glasgow’s (£38k).
Conclusion
A controller is responsible for the financial records of a company or organization. The average annual salary for controllers in the United States is $122,000, but can vary considerably depending on location
