CFO Salary Report - Industrial Services

CFO Salary Report - Industrial Services

March 26, 2024

At A Glance

Raw Selection has conducted a salary survey of Chief Financial Officers at Private Equity-backed industrial services companies across the USA.

CFO Salary Report - Industrial Services

 

CFO COMPENSATION IN PE-BACKED INDUSTRIAL SERVICES FIRMS

We gathered insights from 124 CFOs working in Private Equity-backed Industrial Services companies. The report breaks down compensation based on company revenue levels.


RESPONDENT BREAKDOWN

  • 21% from firms under $50M revenue

  • 37% from firms with $50M–$150M revenue

  • 42% from firms over $150M revenue


BASE SALARY

Firms < $50M Revenue

  • Median: $207,000

  • Range: $118,000 – $340,000

Firms $50M–$150M Revenue

  • Median: $264,000

  • Range: $100,000 – $450,000

Firms > $150M Revenue

  • Median: $250,000

  • Range: $150,000 – $450,000


BONUS

  • 50% of CFOs at firms <$50M receive a bonus of 50% or less

  • 59% at firms $50M–$150M receive a bonus of 50% or less

  • 41% at firms >$150M receive a bonus of 50% or less


EQUITY

  • 70% of CFOs at firms <$50M hold equity

  • 70% at firms $50M–$150M hold equity

  • 80% at firms >$150M hold equity


KEY TAKEAWAYS

  • Median salary peaks in the $50M–$150M range at $264,000, then levels slightly.

  • Equity is common across all bands, with 80% of large-firm CFOs holding a stake.

  • Bonus structures shift upward in larger firms, where 59% or more earn over 50% bonus.

  • Max salary across all categories hits $450,000, with multiple bands hitting that ceiling.


GET IN TOUCH

Want to compare your package or looking for a strategic hire?
Contact Alex.Rawlings@Raw-Selection.com
Founder & Managing Partner

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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