Venture Capital Chief Financial Officers
Overview
Introduction
Chief financial officers manage the accounting and financial reporting functions of venture capital firms and their portfolio companies. They also provide strategic business advice to partners and the founders of start-ups.
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
According to PayScale.com, the average salary for chief financial officers was $135,540 in October 2020. Salaries ranged from $76,000 to $223,000 or more.
Chief financial officers in the finance and accounting sector earned salaries that ranged from $172,250 to $248,000 or more in 2019, according to financial recruiter Robert Half Accounting & Finance’s 2020 Salary Guide....
Work Environment
Expect to work long hours as a venture capital CFO. In fact, many accounting and finance managers work up to 50 or more hours per week. The work environment can be extremely busy. Some CFOs manage several funds at once, which sometimes entails interaction with a different set of investors, the preparation of different quarterly reports, conducting separate audits, and having other unique respon...
Outlook
Job opportunities for financial managers (including chief financial officers) who work with funds, trusts, and other financial vehicles will grow by nearly 15 percent, much faster than the average, through 2029, according to the Occupational Outlook Handbook. Despite this prediction, it will be tough to land a job. The venture capital industry is small and only a finite number of posit...