Aerospace & Defense - CFO - Salary Survey
April 8, 2025
At A Glance
What's the compensation like as a CFO in the A&D sector, a salary report by Raw Selection.
CFO COMPENSATION IN PE-BACKED AEROSPACE & DEFENSE FIRMS
We gathered insights from 121 CFOs working in Private Equity-backed Aerospace & Defense companies. The report breaks down compensation based on company revenue levels.
RESPONDENT BREAKDOWN
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31% from firms under $50M revenue
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40% from firms with $50M–$150M revenue
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29% from firms over $150M revenue
BASE SALARY
Firms < $50M Revenue
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Median: $210,500
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Range: $100,000 – $300,000
Firms $50M–$150M Revenue
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Median: $242,364
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Range: $150,000 – $330,000
Firms > $150M Revenue
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Median: $276,857
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Range: $158,000 – $408,000
BONUS
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92% of CFOs at firms <$50M receive a bonus of 50% or less
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92% at firms $50M–$150M receive a bonus of 50% or less
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82% at firms >$150M receive a bonus of 50% or less
EQUITY
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66% of CFOs at firms <$50M hold equity
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60% at firms $50M–$150M hold equity
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57% at firms >$150M hold equity
Key Takeaways:
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Base pay increases with revenue – Median salary climbs from $210K (<$50M) to $277K (>$150M). Steady progression with scale.
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Bonuses are capped low – Over 80% of CFOs across all revenue tiers get a bonus of 50% or less. No big payouts here.
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Equity more common at smaller firms – 66% of CFOs at sub-$50M firms have equity vs just 57% at large firms. Reverse of the expected trend.
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Tight comp bands – Pay ranges don’t stretch as wide as in other sectors, even at the top end.
Bottom line: CFOs in PE-backed Aerospace & Defense firms are well-paid on base, but rarely see large bonuses or significant equity—especially in bigger firms.
KEY TAKEAWAYS:
-
Base pay increases with revenue – Median salary climbs from $210K (<$50M) to $277K (>$150M). Steady progression with scale.
-
Bonuses are capped low – Over 80% of CFOs across all revenue tiers get a bonus of 50% or less. No big payouts here.
-
Equity more common at smaller firms – 66% of CFOs at sub-$50M firms have equity vs just 57% at large firms. Reverse of the expected trend.
-
Tight comp bands – Pay ranges don’t stretch as wide as in other sectors, even at the top end.
Bottom line: CFOs in PE-backed Aerospace & Defense firms are well-paid on base, but rarely see large bonuses or significant equity—especially in bigger firms.
Looking to benchmark your pay or hire a proven CEO for your portfolio company?
Reach out at Jack.Burns@raw-selection.com
Principal, Aerospace & Defense
All the insights in this salary report are provided from our proprietary data
Raw Selection | De-Risking Executive Search for Private Equity firms across Europe and North America.
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