A finance director of a company is a member of the board of the company. As a board member, he is the overall head of all matters related to the finance of the company. He is responsible for all the strategic and operational functions related to the finance of the company. He is responsible for the prosperity and management of funds within the company. It is a top job in the organization and calls for a lot of responsibility and duty towards the employer and the employees and the organization in general. Being a top job the salary of a finance director is also very competitive and high when compared with other posts.
The finance director has to be well qualified and experienced to be eligible for the job. He should be a member of an accountancy body, should be insightful and an influential leader with the ability to operate at strategic and operational levels. He should be commercially astute, dynamic, articulate and technically strong. High integrity and openness along with a commitment to good governance is a must. A passion for excellence and innovation in pursuit of business growth and success adds to his crown.
As a trainee, you can easily earn around £17,000 to £25,000. Once you’ve qualified this will jump up to between £28,000 and £45,000. With experience, you could get as much as £55,000 to £100,000 or even more. Companies with bigger turnovers definitely tend to pay more overseas. The average Finance Director salary in the United States is $179,549 as of early 2019, but the range typically falls between $146,644 and $217,018. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, number of years you have spent in your profession. In India, the average salary of a finance director can be Rs 3,431,107 per year with average additional compensation as a bonus of Rs 604,478 and profit sharing of Rs 196,527 per annum.
As a finance director, you hold a leadership position in the company, therefore, the salary is equivalent to the designation and position in and of the company.