National Avg. Salary$134,330 More Salary Data →
Job Growth Rate6.8% More Growth Data →
Recommended DegreeBachelor's Programs & Degrees →
- High Income Potential
- Office Work Environment
- Problem Solving
- Working With Numbers
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The controller’s job is that of an experienced financial manager, and he or she has to take charge of preparing various financial documentation, along with overseeing the performance of finance departments.
A controller has important job responsibilities that involve the following points:
- Supporting the updating and implementation of major company objectives as linked to financial planning, accounting, payroll and budget as per federal and state law.
- Functioning as the primary point of contact for the company’s external audit firm, to promote seamless annual financial and retirement audits.
- Undertaking the close supervision and evaluation of staff in the finance department, which involves coordination with external vendors for service delivery and ensuring quality standards.
- Addressing any data requests from departments such as HR, IT or Sales, or financial management pertaining to the region or field.
- Taking care of financial reporting on a daily, monthly and weekly basis as agreed upon, and measuring overall performance.
Day In The Life
As a controller, your main job day-to-day is to ensure that your finance team is working effectively, and report their overall performance levels to your superior officer, in this case the finance director. In addition, your role extends to creating efficient internal control structures that will lessen the possibility of any miscalculations, and ensure that regulations and protocols are complied with. Depending on the size of your organization, you may also lead the annual budget process and update forecasts as required. Most organizations prefer to have a controller simply as a multi-tasker that monitors and maintains multiple financial elements at the company, like making the company taxes, optimizing profits from the annual budget, etc.
You will get the opportunity to work across departments and this will require flawless and articulate communication skills. You may have the chance to take the lead on staff development in the finance department, and ensure the smooth running of areas such as accounts and payroll. To stay on top of the game, controllers have to keep themselves updated regarding recent regulatory changes that may negatively or positively impact the organization.
Work Schedule And Typical Hours
In an average week, a controller has to work at least 40 hours, between Monday to Friday. However, there could be overtime depending on the type of workload.
Growth Of The Job
Job growth for company controllers may vary, based on how the industry is doing as a whole. According to the US Bureau of Labor Statistics, a 7% rise in employment opportunities is projected largely within the next decade.
Working as a controller is a great career option, especially due to a wide range of alternatives. You can find employment with civil service bodies, retail manufacturers, hospitals and medical clinics, banks, etc.
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Controller Salary Data
We've provided you the following to learn more about this career. The salary and growth data on this page comes from recently published Bureau of Labor Statistics data while the recommendations and editorial content are based on our research.
National Annual Salary
National Hourly Wage
How do Controller salaries stack up to other jobs across the country? Based on the latest jobs data nationwide, Controller's can make an average annual salary of $134,330, or $65 per hour. On the lower end, they can make $84,600 or $41 per hour, perhaps when just starting out or based on the state you live in.
Salary Rankings And Facts
#24 Nationally for All Careers
Above Average Salary Nationally
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How To Become
At a minimum, an aspiring controller must have completed a bachelor’s degree in related fields like international business, business law, resources management, public administration or business administration. Some of the subject areas that will be covered during your coursework for a college degree are budget analysis, international business, and budget forecasting. In recent times, there are several lucrative opportunities to gain first-hand experience through externship and internship prospects. Many professionals, after completing their bachelor’s degree program, look to refine their management and leadership skills through a Master of Business Administration program.
One way to speed up your career potential is to take a certification exam, after you have gained a few years of experience, along with a degree in accounting. To become a Certified Public Accountant (CFA) ,you need to have completed a training on post-secondary education, and have to pass a detailed assignment. You may also choose to be a Chartered Financial Analyst (CFA) or Certified Management Accountant (CMA).
If you are considering becoming a controller, you need to tackle the most complex issues and come up with solutions that work best in no time. Thus, having solid analytical and problem-solving skills with the ability to work under minimum supervision is extremely beneficial. In addition, you should be confident about your personal strengths, and be a smart thinker with a logical bent of mind. Since this role is quite public-facing, you also need to hone your leadership capabilities, as you will eventually lead a bigger team. Being organized also helps greatly to keep track of overlapping or last minute deadlines.
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Recommended Min. Degree
Programs and Degrees
Here are the most common degrees for becoming a Controller. a Bachelor's is usually recommended and specifically a degree or coursework that prepares you for the particular field, see below.
Highest Education Among Controller
- 2.5% Doctorate
- 18.8% Masters
- 40.8% Bachelors
- 7.1% Associates
- 19% College
- 10.7% High School
- 1% Less than High School
Job Growth Projections and Forecast
2014 Total Jobs555,900
2024 Est. Jobs593,500
Job Growth Rate6.8%
Est. New Jobs37,600
How does Controller job growth stack up to other jobs across the country? By 2024, there will be a change of 37,600 jobs for a total of 593,500 people employed in the career nationwide. This is a 6.8% change in growth over the next ten years, giving the career a growth rate nationwide of Above Average.
Growth Rankings And Facts
#330 Nationally for All Careers
Above Avg. Growth Nationally
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