FTSE 100 finance directors picked up an average total pay of £1.15m in 2011/12, while the FTSE 250 FD saw average pay at £586,384.
According to the 2013 FD Salary Survey by sister publication Financial Director, 57 FDs earned in excess of £1m in the 2011/12 financial year, while 195 topped £500,000.
Salaries have held relatively steady in recent years, with Financial Director‘s previous survey of a mix of 2009 and 2010 accounts revealing average total pay of £1.10m.
Last year, the total salary of the FTSE 350 reached £213m, of which £104m in bonuses were awarded during the same period.
Importantly, however, a fair chunk of this was deferred. As much as £31m was mandatorily deferred, while £3.8m was deferred on a voluntary basis and 25 finance directors within the list took no bonus at all last year.
CIMA study reveals qualified management accountants are paid £36,411 more than the typical British workers
Jane Ellison to serve as 'tax minister' following ministerial responsibilities for public health. David Gauke become chief secretary to the Treasury
EY becomes the latest Big Four firm to sign HM Treasury’s Women in Finance Charter
PwC urges for continued progress on gender diversity as government targets FTSE 350 companies to have 33% women on boards by 2020