Salary growth at all levels of the finance profession in 2001 – a time of economic recession – underscores the stability and value of corporate finance and treasury, according to a new survey conducted by the Association for Financial Professionals. The average corporate practitioner received a salary and bonus package in 2001 worth $130,900 and received an 8.2 percent salary increase. One reason for the strong growth among practitioners was that many were promoted over the past year. The increases include those associated with promotions over the last year. The average financial industry service provider received a salary of $115,800, an increase of 6.8 percent from 2001. This growth occurred as salaries for the average white-collar occupations, excluding sales, grew by just 4.3 percent according to data from the U.S. Bureau of Labor Statistics. ‘The ability of treasury and finance professionals to receive a healthy salary increase during a period of economic weakness is an indication of the valuable role they play within their companies,’ said Jim Kaitz, AFP’s president and CEO. ‘Finance continues to be a growing and solid profession across the board.’
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