Average Middle-Market Websites Generate Yearly Revenue of Around $350,000
The latest research by executive search firm JM Search has shed light on the compensation packages of finance chiefs in middle-market companies, defined as businesses with revenue between $100 million and $500 million.
According to the study, the most prevalent base salary range for finance chiefs at middle-market companies is between $350,000 and $399,000. However, the exact average base salary range for this specific segment was not directly detailed in the search results.
The survey primarily focused on companies owned by private equity or growth equity firms, with 68% of respondents working at such companies. Interestingly, only 10% of respondents worked at venture capital-backed firms, and a mere 4.5% were from publicly traded firms.
In terms of company size, finance chiefs at companies with revenue exceeding $500 million tend to have higher salaries, with 38% reporting a base salary of $400,000 to $449,000. On the other hand, for finance chiefs at companies with revenue between $100 million and $249 million, the share of respondents earning $350,000 was 29%.
As companies scale, their focus on hiring roles within the finance department changes. Smaller companies tend to focus on hiring controllers, while mid-market companies add both controllers and Financial Planning & Analysis (FP&A) roles. Larger organizations prioritize FP&A hires, according to JM Search's spokeswoman, Jessica Reilly.
Another significant finding was the bonus structure for finance chiefs. At middle-market firms, a 50%-59% target bonus range is standard, and at larger organizations, this range remains similar. Intriguingly, nearly one-third (31%) of finance chiefs at larger organizations earn bonuses greater than 60% of their salary.
The data on how finance teams evolve as companies scale resonated with JM Search's partners. However, since this specific data was not found in the search snippets, it is recommended to refer directly to JM Search’s published compensation reports or surveys for the most accurate and up-to-date figures on finance chiefs' base salaries in middle-market firms.
In conclusion, while the exact average base salary range for finance chiefs in middle-market companies was not explicitly provided in the search results, the study offers valuable insights into the compensation packages and bonus structures for finance chiefs in these companies. The findings also highlight the importance of private equity and growth equity ownership in shaping the financial landscape of middle-market firms.
- The base salary range of finance chiefs in the capital markets, or companies with revenue between $100 million and $500 million, tends to fall within the range of $350,000 and $399,000, according to the latest research by JM Search.
- In terms of bonus structures, finance chiefs in middle-market firms typically have target bonus ranges of 50%-59%, with a significant 31% of these chiefs in larger organizations earning bonuses greater than 60% of their salary.
- As businesses scale and grow revenue, the focus on hiring roles within the finance department shifts, with smaller companies mainly focusing on controllers, mid-market companies adding controllers and Financial Planning & Analysis (FP&A) roles, and larger organizations prioritizing FP&A hires, as suggested by JM Search's spokeswoman, Jessica Reilly.
- For personal-finance management, it is advisable to refer directly to JM Search’s published compensation reports or surveys to obtain the most accurate and up-to-date figures on base salaries for finance chiefs in middle-market firms, as the exact average base salary range was not explicitly provided in the research.
