Private Equity Financial Managers

Overview

Private Equity Financial Managers

Introduction

Financial managers oversee, manage, and control the accounting and financial functions of private equity (PE) firms and their portfolio companies. Specialties include chief financial officer, financial controller, and funds administrator.

Quick Facts

Median Salary

$205,500

Employment Prospects

Good

Minimum Education Level

Bachelors Degree

Experience

Five to 10 years of experience in lower-level financial managemen

Skills

Business Management|Financial|Leadership

Personality Traits

Hands On|Organized|Realistic

Earnings

Chief financial officers in the finance and accounting sector earned salaries that ranged from $172,250 to $510,000 in 2019, according to the 2020 Robert Half Salary Guide for Accounting and Finance Professionals. Controllers received pay that ranged from $108,500 to $205,500.

Private equity financial managers receive benefits such as health and life insurance, a 401(k) or other...

Work Environment

Many financial professionals work more than 40 hours a week. The offices of financial managers are well-lit and modern. They have access to cutting-edge software and other technologies that help them to do their jobs. Some positions—especially those at large firms—require travel.

Outlook

Job opportunities for financial managers (including chief financial officers and controllers) who work with funds, trusts, and other financial vehicles will grow by 16 percent through 2028, according to the Department of Labor (DOL). "Services provided by financial managers, such as planning, directing, and coordinating investments, are likely to stay in demand as the economy grows," the DOL ex...