Hello, I'm a financial analyst with over 10 years of experience in the field. I can help you understand the salary range for controllers based on their industry, location, and experience.

The salary of a controller can vary greatly depending on several factors. Let's break down the main influences on a controller's compensation:

Industry:

* Finance and Insurance: Controllers in this sector tend to earn higher salaries, with average salaries ranging from $110,000 to $160,000 per year. The complexity and high-stakes nature of financial transactions require a high level of expertise and experience.
* Technology: The technology industry is known for its competitive salaries, and controllers in this sector often earn between $100,000 and $150,000 per year. The rapid growth and constant innovation in technology require strong financial management skills.
* Healthcare: Controllers in healthcare typically earn salaries in the range of $85,000 to $130,000 per year. The regulatory environment and complex billing structures in healthcare create specific challenges for controllers.
* Manufacturing: Controllers in manufacturing industries typically earn salaries between $80,000 and $120,000 per year. This sector often involves complex inventory management and production processes, which require specialized financial expertise.
* Retail: Controllers in the retail sector generally earn salaries between $75,000 and $110,000 per year. The rapid pace of change and competitive nature of retail require strong financial management and analysis skills.

Location:

* Major Metropolitan Areas: Controllers in major cities like New York, San Francisco, and Chicago generally earn higher salaries due to the higher cost of living and intense competition for talent.
* Smaller Cities and Rural Areas: Salaries for controllers in smaller cities and rural areas tend to be lower than in major metropolitan areas. The lower cost of living and less competitive job market typically reflect lower salary expectations.

Experience:

* Entry-Level: Entry-level controllers with less than five years of experience typically earn between $60,000 and $80,000 per year.
* Mid-Level: Mid-level controllers with 5-10 years of experience generally earn between $80,000 and $120,000 per year.
* Senior-Level: Senior-level controllers with over 10 years of experience can earn salaries ranging from $120,000 to $200,000 per year or more, depending on their experience and responsibilities.

Certifications:

* Certified Management Accountant (CMA): The CMA certification demonstrates expertise in financial management and can lead to a higher salary.
* Certified Public Accountant (CPA): The CPA certification is a widely recognized credential that can increase earning potential for controllers.

Other factors:

* Company size and profitability: Controllers in larger, more profitable companies tend to earn higher salaries.
* Job responsibilities: Controllers with broader responsibilities, such as overseeing financial reporting and budgeting, may earn higher salaries.
* Performance: Strong performance reviews and contributions to the company's success can lead to salary increases and bonuses.

It's important to note that these salary ranges are just estimates and can vary widely. It's best to consult salary websites like Glassdoor or Salary.com for more specific data based on your specific industry, location, and experience.

By understanding the factors that influence controller salaries, you can better understand the potential earning power of this role and make informed decisions about your career path.

read more >>

Controller Salaries. What is the average annual salary for Controller? How much does a Controller make? The median annual Controller salary is $187,710, as of January 30, 2018, with a range usually between $153,679-$225,509, however this can vary widely depending on a variety of factors.read more >>