Chief Financial Officer Jobs in Minneapolis, MN
About Chief Financial Officer Jobs in Minneapolis
Looking for a Chief Financial Officer job in Minneapolis? You're in the right place. This guide covers everything you need to know about working as a Chief Financial Officer in Minneapolis, MN.
We'll show you what you can expect to earn. We'll also share which companies are hiring. Plus, you'll learn about the cost of living and how to get started in your job search.
Minneapolis has a strong job market for Chief Financial Officers. Many employers are actively looking for talent. Read on to learn how to land your next role.
Chief Financial Officer Salary in Minneapolis
Chief Financial Officer salaries in Minneapolis are in line with national averages, offering competitive compensation for the region.
Purchasing power in Minneapolis is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Chief Financial Officer Job Market in Minneapolis
Minneapolis, MN is a major regional employment hub for Chief Financial Officer professionals. Though smaller than coastal metros, Minneapolis offers focused opportunities and often better work-life balance. While Healthcare leads the local economy, there's growing demand for Chief Financial Officer roles across various sectors. The market for Chief Financial Officer positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Chief Financial Officers in Minneapolis
Major employers hiring Chief Financial Officers in Minneapolis include State of Minnesota, Metro Transit, Xcel Energy, University of Minnesota. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Chief Financial Officers in Minneapolis
Living in Minneapolis as a Chief Financial Officer means navigating a cost of living that's slightly above the national average. Average rent for a 1-bedroom apartment is approximately $1,600/month. At median Chief Financial Officer salary, housing is quite affordable at 6% of gross income, leaving room for savings and lifestyle spending. Suburban apartments average $1,200/month, offering significant savings with slightly longer commutes.
Commuting as a Chief Financial Officer in Minneapolis
Minneapolis Metro light rail, bus system, and excellent bike infrastructure. The average commute time is 24 minutes. Blue Line connects downtown to MSP Airport and Mall of America. Excellent skyway system for winter commuting downtown.
Best neighborhoods for Chief Financial Officers in Minneapolis: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Chief Financial Officer professionals due to proximity to major employers and urban amenities.
Tax Considerations in Minnesota
Minnesota has relatively high state income taxes. A Chief Financial Officer earning $301,875 might pay approximately $24,150 in state income tax. However, Minnesota's strong job market and quality of life often offset the higher tax burden.
Career Outlook for Chief Financial Officers
The job outlook for Chief Financial Officers in Minneapolis is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. Minneapolis's growing economy creates new positions regularly, often with less competition than coastal tech hubs. In-demand skills include Financial Strategy, Risk Management, Investor Relations, Compliance.
Relocating to Minneapolis
Minnesota has higher state income taxes. Factor this into salary negotiations, as gross salary comparisons can be misleading. Winters can be harsh. Budget for winter clothing, and many employers understand weather-related delays during snow events.
Frequently Asked Questions
What is the average Chief Financial Officer salary in Minneapolis, MN?
The average Chief Financial Officer salary in Minneapolis, MN is $301,875 per year. Entry-level Chief Financial Officers typically start around $156,188, while experienced professionals can earn $483,000 or more. The national average for Chief Financial Officer roles is $287,500.
How many Chief Financial Officer jobs are available in Minneapolis?
Minneapolis has a strong job market with regular openings for Chief Financial Officer professionals. Major employers hiring Chief Financial Officers include State of Minnesota, Metro Transit, Xcel Energy, University of Minnesota. The Healthcare and Finance sectors drive much of the demand in this market.
Is Minneapolis a good city for Chief Financial Officers?
Minneapolis is an excellent choice for Chief Financial Officers. As a major metro area, it offers abundant opportunities and competitive salaries. The cost of living is reasonable compared to major coastal cities. The city's healthcare industry creates strong demand for executive & leadership professionals.
What skills are most in-demand for Chief Financial Officers in Minneapolis?
Top skills for Chief Financial Officers in Minneapolis include Financial Strategy, Risk Management, Investor Relations, Compliance, Forecasting. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Chief Financial Officers in Minneapolis?
Minneapolis's cost of living is near the national average (105% of baseline). Average rent for a 1-bedroom apartment is approximately $1,600/month. Purchasing power in Minneapolis is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Chief Financial Officers in Minneapolis?
Minneapolis Metro light rail, bus system, and excellent bike infrastructure. The average commute is 24 minutes. Blue Line connects downtown to MSP Airport and Mall of America.
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