CFO/Controller - offer reasonable?

Citibank
ShittiBank

Go to company page Citibank

ShittiBank
Dec 13, 2020 4 Comments

Interviewing in the US for controllership/head of finance jobs in the CFO vertical at SVP/MD/division CFO levels (depending on bank’s nomenclature).

Best offer I have so far is 250k base with discretionary bonus (so 15%?) and 50k paper money for a division CFO. Is this reasonable or should be doing better with YOE/background?

Or maybe make a move to fintech?

TC: $250
YOE:14
US CPA

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TOP 4 Comments
  • Moody's / Strategy
    thebarron

    Go to company page Moody's Strategy

    thebarron
    I would say that depends on the bank and the significance of the business line to the overall. That comp seems like it is middle of the distribution, but these roles can range pretty broadly.

    Is that your TC now as well? Are you looking at regionals/sub regionals or large community banks?

    Controller roles in particular I have seen go from 200k to 350k base with bonus ranging from 10% to 100% with equity being zero or ~1yr TC - same with sign on bonus...
    Dec 15, 2020 2
    • Citibank
      ShittiBank

      Go to company page Citibank

      ShittiBank
      OP
      Thanks. This is with top 30 publicly traded banks. Maybe it’s because I am coming from outside US...?

      Where are the 350k roles? the headhunters I am speaking with are telling me to keep my hopes at 250, def below 300. And low bonuses too. Maybe I am not talking to the right people. Any headhunters you recommend?
      Dec 15, 2020
    • Moody's / Strategy
      thebarron

      Go to company page Moody's Strategy

      thebarron
      The ones over 300 are not very common - those I have only seen for folks that are controller in title but on deck for the CFO role or for people who know the bank is close to selling so they require additional comp for the fact that they 100% will be made redundant in an acquisition.

      250 would be solid base but I'd also expect 20% - 30% bonus with an equity sweetener up front.

      DM me and I'm happy to connect you with someone that may help.
      Dec 15, 2020
  • Where is the role based (city)? Cost of living is a big factor.
    Jan 23, 2021 0