Average Head of Finance Salary

The average Head of Finance salary in UK is £84,595.97
The hourly average pay for a Head of Finance salary in UK is £40.67
The starting salary for a junior Head of Finance in UK is £29,900.00 per year or £14.38 per hour

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What does a Head of Finance earn?

The Head of Finance typically earns around £84,600 per year in the UK. They provide financial oversight and strategic direction to the organisation's financial functions such as accounting, budgeting and financial risk management. They also work with senior stakeholders to identify and evaluate new business opportunities and initiatives. Heads of Finance typically have a good understanding of business and accounting, as well as extensive experience of developing and implementing successful financial strategies.

How to earn more as a Head of Finance

To become a Head of Finance, you will need a strong financial background and usually a degree in accounting, finance, or business studies. Alternatively, you can get qualified through an accredited professional accounting route. To increase your salary as a Head of Finance, you could move into a specialist area of finance, such as financial management, risk management, or financial analysis. You could also move into a senior management role, either for a company, or for an independent practice. With the right experience and qualifications, you could earn over £173,200 a year.

Average Salary: £84,595.97

Min: £29,900.00 Max: £173,160.00

Average Head of Finance Salary in UK : £84,595.97


Read about Head of Finance salaries, related jobs and salary information across the UK

Head of Finance Salary data from the ONS

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Salary by Region

Compare Head of Finance salaries across different regions

Region Salary
Scotland £58,394.63
Wales £59,797.12
Northern Ireland £64,890.35
East Midlands £86,136.21
Eastern £69,333.11
London £99,861.54
North East £60,930.77
North West £76,077.91
South East £83,406.29
South West £69,985.59
West Midlands £77,278.65
Yorkshire and the Humber £72,477.33

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Understanding the Average Head of Finance Salary in the UK

As the Head of Finance, you play a crucial role in managing the financial health of an organization. Your responsibilities include overseeing financial operations, analyzing financial data, and providing strategic financial advice to senior management. In the UK, the average salary for a Head of Finance is £84,600 per year. However, this figure can vary depending on factors such as industry, company size, and location. To get a better understanding of the average salary for finance professionals in the UK, you can refer to average Finance salaries.

Salary Expectations for Newly Qualified Head of Finance

If you are a newly qualified Head of Finance, you can expect a starting salary in the range of £29,900 to £173,200 per year. Entry-level positions may offer lower salaries as you gain experience and prove your capabilities. To explore job opportunities for Head of Finance positions in the UK, you can refer to the job search section.

Salaries for Experienced Head of Finance

With experience and a proven track record, the salary for an experienced Head of Finance can significantly increase. Senior-level positions in larger organizations or high-demand industries can offer salaries well above the average. To stay updated on the latest salary trends and opportunities for experienced Head of Finance professionals, it is advisable to regularly research industry-specific salary surveys and job listings.

Creating a Head of Finance CV

When applying for a Head of Finance role, having a well-crafted CV is essential. It should highlight your financial expertise, leadership skills, and accomplishments. To help you create an impressive CV, you can refer to a CV template specifically designed for Head of Finance positions. Tailoring your CV to showcase your relevant experience and qualifications will increase your chances of securing a desirable position.

Career Development Opportunities for Head of Finance

As a Head of Finance, there are various career development opportunities available to you. You can pursue professional certifications such as Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) to enhance your credentials and open doors to higher-level positions. Additionally, gaining experience in different industries or sectors can broaden your skillset and increase your market value. For more career advice and guidance on becoming a successful Head of Finance, you can refer to the career advice section.

Comprehensive Compensation for Head of Finance

Aside from the base salary, comprehensive compensation packages for Head of Finance positions often include additional benefits such as performance bonuses, profit-sharing, pension schemes, and healthcare coverage. The specific components of the compensation package can vary depending on the organization and industry. Negotiating a comprehensive compensation package that aligns with your skills and experience is an important aspect of securing a rewarding Head of Finance role.

Strategies for Increasing Your Salary as a Head of Finance

To increase your salary as a Head of Finance, you can employ various strategies. Continuously updating your skills and knowledge through professional development programs and certifications can make you more valuable to employers. Additionally, taking on additional responsibilities or projects that showcase your leadership abilities can demonstrate your worth and potentially lead to salary advancements. Regularly evaluating the market value of your skills and negotiating for fair compensation during performance reviews or job transitions is also crucial.

Professional Development and Earnings

Investing in your professional development can have a direct impact on your earnings as a Head of Finance. Attending industry conferences, networking with peers, and staying updated on the latest financial trends and regulations can enhance your expertise and make you a sought-after professional. By continuously improving your skills and knowledge, you can position yourself for higher-paying opportunities and career advancement.

Capitalising on Extra Hours and Duties

As a Head of Finance, you may occasionally be required to work extra hours or take on additional duties during busy periods or special projects. While this may temporarily increase your workload, it can also present opportunities for recognition and advancement. Demonstrating your dedication, flexibility, and ability to handle challenging situations can showcase your value to the organization and potentially lead to salary increases or promotions.

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