Treasury and finance professionals earned an average 2.9% base salary increase in 2020, a 0.8% decrease from the 3.7% gain in 2019, according to the 2021 Association for Financial Professionals (AFP) Compensation Survey. The base pay increase of 2.9% is the lowest salary increase reported in the past seven years, according to the new report.

The 2021 AFP® Compensation Survey reveals base-salary raises for executive-tier positions at 2.6%, which is 0.7% less than reported a year ago, while there was a 0.5% decrease in salaries for staff-tier positions. At the management-tier level, the average 3.1% increase in base salaries during the calendar year 2020 is 1.2% less than the base salary increase reported in last year's survey. READ MORE