Full-Time vs Fractional CFO Cost Calculator
The math for hiring and firing full-time employees doesn’t always add up.
How much does a fractional CFO cost compared to their full-time counterpart? Use the calculator below to check the math.
In general, however, full-time CFOs run between $300,000 and $400,000 per year (including bonuses, benefits, equity, and overhead). Whereas fractional CFOs typically charge by the hour or day, with rates around $300-$350 an hour. So, an ongoing relationship with a fractional CFO will likely run you between $6,000 and $12,000 per month or $72,000 to $144,000 per year. In other words, you may be able to get the financial leadership and advice you need at a lower cost.
Costs for a Full-Time CFO
Costs for a Fractional CFO
Percent Saved Using Fractional Services
Assumptions:
- Company Revenues of $5MM
- Industry: SaaS, ecommerce, business services (e.g. marketing, architect, legal, finance)
- 2+ direct reports
- Company has outside investors/lenders
- CFO turnover every 5 years
