"AFP's Compensation Survey demonstrates the continued importance of financial professionals to the success of their organizations," said Jim Kaitz, president and CEO of the Association for Financial Professionals. "Year after year, salaries of treasury and finance professionals have increased faster than the national average. The survey results also emphasize the continuing importance of professional certification, such as the CTP designation, to the success of financial professionals."
The greatest average increase in base salary, 5.3 percent, belongs to management level positions. Financial professionals at the executive level were awarded the largest average bonuses, valued at 34 percent of their base salary, or $46,500. At the support level, those with professional certifications, such as the CTP (Certified Treasury Professional) averaged a 24 percent higher base salary, than their uncertified counterparts.
The 2006 AFP Compensation Report analyzes pay structures, documents general compensation trends, and provides compensation comparisons based on organizational characteristics (size, industry, geographic region) and the experience level and degree of education of the individual in each job title. In addition to overall averages, this report also provides detailed job descriptions, organizational charts, and salary structures for 27 different job titles in seven different industries across the four regions of the U.S.
