AFP's survey cited more than 2,600 professionals and found that the average corporate practitioner received a salary and bonus package in 2001 worth $130,900 and received an 8.2 percent salary increase. Additionally, the average financial industry service provider received a salary of $115,800, an increase of 6.8 percent from 2001.

Nearly half the practitioners in the survey cited individual merit as the top factor determining salary increases. The second most important factor was company-wide increases.

This overall growth occurred as salaries for the average white-collar occupations, excluding sales, grew by just 4.3 percent according to data from the U.S. Bureau of Labor Statistics.

"The ability of treasury and finance professionals to receive a healthy salary increase during a period of economic weakness is an indication of the valuable role they play within their companies," said Jim Kaitz, AFP's president and CEO. "Finance continues to be a growing and solid profession across the board."

The survey also found that treasury and finance professionals typically receive many benefits in addition to their salary. In addition to health insurance benefits, most receive retirement benefits, annual paid leave, flexible spending accounts for medical and dependent care expenses, life insurance and long-term disability insurance.

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