senior finance business partner salary

A senior finance business partner plays an important role in a business. They are responsible for providing strategic support and advice to the executive leadership team, as well as providing direction and guidance to ensure the financial health of the business. They are also responsible for developing financial plans and forecasts, tracking performance against objectives, and developing strategies to achieve desired results. Because of the important role they play, senior finance business partners are highly sought after, and as such, they are well-compensated.

Average Salaries

The average salary of a senior finance business partner varies depending on experience, location, and company size. According to PayScale, the national median salary for a senior finance business partner is around $95,000 a year. However, salaries range from around $75,000 to more than $140,000 a year. Senior finance business partners in larger companies can expect to receive higher salaries than those in smaller organizations.

Factors Affecting Salaries

As with most jobs, the salary of a senior finance business partner is affected by several factors. These include experience, education, the size of the company, and the location of the job. Experience in the field is an important factor in determining salary. Senior finance business partners with more than three years of experience can expect to earn higher salaries than those with less experience. Companies that are larger in size will also typically pay more than smaller companies.

Salary by Region

Salaries for senior finance business partners also vary by region. Those working in the Midwest tend to earn the highest salaries, with a median salary of around $113,000 a year. The East Coast comes in second, with a median salary of around $106,000 a year. The West Coast follows close behind, with a median salary of around $105,000 a year. The South is the lowest-paying region, with a median salary of around $94,000 a year.

Salary by Industry

The industry in which a senior finance business partner works can also have an impact on their salary. Those working in the banking and finance sector tend to earn the highest salaries, with a median salary of around $112,000 a year. Those working in the healthcare sector come in second, with a median salary of around $104,000 a year. Those working in the technology sector come in third, with a median salary of around $99,000 a year.

Salary by Level of Education

The level of education of a senior finance business partner can also have an impact on their salary. Those with a master's degree tend to earn the highest salaries, with a median salary of around $116,000 a year. Those with a bachelor's degree come in second, with a median salary of around $105,000 a year. Those with an associate's degree come in third, with a median salary of around $93,000 a year.

Additional Benefits

In addition to their salary, senior finance business partners may also receive additional benefits. These can include health insurance, vacation time, retirement plans, and bonuses. Some companies may also offer stock options or other incentives. These benefits can vary depending on the company, so it is important to research the benefits offered by each potential employer before applying for a job.

Conclusion

Senior finance business partners play an important role in businesses, and as such, they are well-compensated. The salary of a senior finance business partner can vary greatly depending on factors such as experience, education, location, and industry. In addition to their salary, senior finance business partners may also receive additional benefits such as health insurance, vacation time, and retirement plans.