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Salaries Rise For Finance Professionals

The compensation given to finance professionals in North America continues to

The compensation given to finance professionals in North America continues to enjoy strong increases, and the pay gains are particularly generous for those who work as managers in the sector, according to the results of a survey recently conducted by the Association for Finance Professionals (AFP).

The salaries of staff working in the finance departments of corporations increased an average of 3.3 percent in 2011, which was a full 1 percent above the national average for white-collar employees working in other sectors.

In the 2012 AFP Compensation Survey, senior level professionals working in the finance sector contributed information on the money being paid to their entire staff and also asked key finance employees what they made in 2011 and their base salaries starting on January 1, 2012. The research survey has been conducted by AFP for 24 years.

"These are the people who are directly responsible on a day-to-day basis for ensuring that companies have enough liquidity for smooth operations," Jim Kaitz, AFP's president and chief executive officer, said in a statement. "Companies are rewarding this important role with a healthy combination of base pay, incentives and benefits."