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Salary of US NGO Finance Officers

Financial officers at non-governmental organizations are responsible for managing all financial process of an organization including budgeting, investments, donations, cash flow management and recordkeeping. The Bureau of Labor Statistics reports that professionals in this field earn about $60,000 annually as of 2010.

  1. Salary

    • In May 2008, the Bureau of Labor Statistics indicates that business operations specialists in non-governmental advocacy, grantmaking and civic organizations earn an average hourly rate of $28.81. This figure compounds to an annual median wage of $59,925 when factored out over the confines of a 40-hour work week, prior to the deduction of taxes and benefits. The BLS reports that benefits differ widely from organization to organization and are dependent on geographic region, organizational budget, geographic scope of an organizations mission and number of total staff members.

    Factors Affecting Salary

    • The major factor that affects the salary of NGO finance officers is the size, scope and outreach of the employing organization. International charitable and nonprofit organizations have operating budgets similar to large companies and therefore offer higher salary rates. NGO's with more selective or niche missions tend to operate with less funding, offer lower paying salaries and rely heavily on volunteer service to carry out their initiative. The BLS also reports that social and demographic shifts also affect the demand for nonprofit services.

    Salary By Organization Type

    • Finance operations specialists in grantmaking and giving services lead the occupation group with an hourly rate of $26.01 before benefits according to the BLS. This figure equates to an annual salary of $54,101 before deductions. Finance officers in labor, political and business organizations have a median salary of $49,879 annually, or $23.98 per hour. Finance officers in civic and social organizations trail all other occupations with an hourly rate of $19.14, or $38,812 per year.

    Relevant Background and Experience

    • Aspiring financial professionals seeking an officer position in a non-governmental organization should have at minimum a bachelor's level degree in finance, nonprofit management, business or a related field. A master's level degree in a relevant field is often desired by larger organizations. Three to five years of relevant professional experience in organizational finance, preferably in the nonprofit sector, is also highly desired. Given the diverse scope of initiatives tackled by NGO's, multilingualism and excellent interpersonal communication skills are also desirable.

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