The role of an assistant controller is one that is integral to the success of any company. The assistant controller is responsible for providing financial guidance and direction to the company by helping them manage their finances and stay compliant with federal and state laws and regulations. As such, the salary for an assistant controller is an important consideration in determining the financial well-being of a business.
The median salary for an assistant controller is approximately $62,000 a year, depending upon experience and qualifications. Those who have higher qualifications or more years of experience may earn salaries at the higher end of the scale.
Along with the base salary, most employers offer a variety of benefits to assistant controllers, such as paid vacation days, health insurance, and other perks. In some cases, employers will also provide bonuses or matching contributions to employee retirement funds.
The salary for an assistant controller may also be affected by the size and nature of the business. For example, those working for large public companies may earn a significantly higher salary than those working for smaller companies. Also, those with experience in particular industries may earn a higher salary than those without such experience.
The responsibilities of an assistant controller can be extensive and demanding. They are responsible for organizing and processing financial information, designing financial reports, conducting internal audits, preparing taxes and financial statements, and providing pertinent financial advice.
In conclusion, determining the salary of an assistant controller is an important decision that must be done carefully and objectively. A competitive salary will help ensure that the right person is found and retained, thereby allowing the business to benefit from the experience, service, and expertise of the assistant controller.
Assistant Controller Salary in the US
The position of assistant controller provides a rewarding and lucrative salary structure for those with the a combination of accounting, management and people skills. While typical salaries vary by geographic area, experience and the size of the organization, many assistant controllers in the US are compensated at levels commensurate with other finance professionals.
What is an Assistant Controller?
Assistant controllers are responsible for providing administrative, managerial and organizational support to the controller. This typically includes overseeing the daily operations of accounting departments, supervising audit teams, analyzing financial data and managing the preparation of financial statements.
Average Salary of an Assistant Controller
The average salary of an assistant controller in the US courtesy of the Bureau of Labor Statistics is $78,110 per year. This can range significantly based on geographic location, and experience and company size.
Compensation for Specific Geographical Areas
- New York: According to indeed.com, an assistant controller in New York can earn anywhere from $62,269 to $140,791
- California: An assistant controller working in California can expect an annual salary ranging from $67,577 to $132,425 according to indeed.com
- Texas: In Texas, an assistant controller can earn anywhere from $51,640 to $146, 329 according to indeed.com.
- Washington, DC: Salary.com estimates that an assistant controller in Washington, DC should make $87,006 per year.
In addition to the salary, many employers provide a generous benefits package which can include health and life insurance, paid vacation and sick leave, and even bonuses and stock options.
To sum up, becoming an assistant controller is a great way to start a career in the finance field and can lead to a very lucrative salary depending on location and experience. There is an increasing demand for assistant controllers within the US, and salaries can be very competitive.
Assistant Controller Salary
The salary for an assistant controller is largely determined by factors such as experience, location, and the size of the organization for which the position is being filled. The national average salary for an assistant controller is $76,570 in the United States, according to Payscale.com. Salaries for assistant controllers, however, can range from $50,799 to $110,450 depending on the above factors.
Factors Affecting Assistant Controller Salary
The following are some common factors that influence the salary an assistant controller may expect:
- Location: States such as California, Connecticut, and New York pay higher salaries on average than other parts of the country. Assistant controllers located in these states may earn more than the national average.
- Experience: Professionals with more experience tend to make more money. An experienced assistant controller may be able to negotiate higher pay due to their ability to take on more responsibility and handle complex tasks.
- Organization size: Larger organizations tend to pay more for the same positions than do smaller organizations. An assistant controller working for a larger organization may earn more money than one who works for a smaller company.
Education Requirements for an Assistant Controller Position
Most employers require assistant controllers to have a bachelor’s degree, preferably in accounting or a related field. Additional certification, such as the Certified Public Accountant (CPA) designation, is also beneficial for those seeking to enter into the field.
In addition to the education requirements, employers may also look for candidates with experience in accounting. This type of experience demonstrates the candidate’s familiarity with accounting principles and processes.
Overall, the salary of an assistant controller is determined by many factors. Location, experience, and organization size all play a role in determining the salary an individual can expect. Additionally, prospective assistant controllers should keep in mind the education and skills needed for these positions. According to the Bureau of Labor Statistics, the median salary of an Assistant Controller in the United States was $74,638 as of May 2019. This position is typically found in larger companies that have a need for a controller’s expertise. Assistant Controllers are responsible for the day-to-day accounting operations within a company and report to the Controller.
Assistant Controllers need to have a strong understanding of accounting and finance principles, as well as experience in developing and managing budgets and financial records. A degree in accounting or finance is typically required for this position, and certain certifications may be beneficial such as the Certified Public Accountant (CPA) or Certified Management Accountant (CMA) certifications.
Salaries for Assistant Controller positions vary from region to region and can depend on the size of the company or organization. Generally speaking, salaries tend to be higher in larger cities and in corporate environments. In addition, many companies will offer other incentives such as bonuses and stock options, which can boost the salary of an Assistant Controller.
Overall, the salary of an Assistant Controller is a reflection of the critical role they play in a company. They are responsible for making sure that the financial operations of the organization are running smoothly, and they can serve as a valuable asset to any organization.