What factors influence the Financial Director salary?
Finance Directors with significant experience, particularly those with more than 5 years in the field, tend to earn higher salaries due to their in-depth knowledge and strategic impact on a company.
Qualifications
For those aiming to increase their Finance Director pay, pursuing further qualifications such as ACCA, CIMA, or an MBA is advantageous. Continuous professional development through seminars and workshops also contributes to a higher Finance Director salary UK.
Industry
Sectors like Fintech and Challenger Banks typically offer robust compensation packages due to their high revenue potential. In contrast, the Commerce & Industry sector presents a wide finance director salary range, reflecting a variety of business models beyond the financial landscape.
A Director of Finance salary in Fintech and Challenger Banks can reach up to £230,000, whereas those in Commerce & Industry might see a 53% reduction, capping at £150,000.
Company size
Larger companies, due to their intricate financial frameworks and substantial budgets, often offer competitive salaries to their Finance Directors.
A skilled Finance Director in a medium-sized enterprise (50 – 250 employees) within Commerce & Industry - Qualified can expect a salary range of £100,000 – £160,000, while a large enterprise (250+ employees) might offer between £120,000 – £180,000.
Location
Salaries are generally higher in major cities where living costs and demand are elevated. For instance, a finance director salary London may range from £100,000 to £230,000, in contrast to Merseyside where earnings could be between £70,000 and £150,000.