Controller.
Indianapolis.
$137,000
median salary, 9% below the national average
$105,000 to $180,000. Updated for 2026.
The numbers.
Everything you need to negotiate with confidence.
A Controller in Indianapolis earns a median of $137,000 in 2026. That is 9% below the national average. The range runs from $105,000 to $180,000, and where you land depends on your experience, your skills, and how well you negotiate. Company revenue and organizational complexity are the dominant pay factors.
Salary range
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How Indianapolis compares
Indianapolis, IN
$137,000
Cost of living: 9% below average
National Average
$150,000
Indianapolis is $13,000 below
What you should know
The Controller landscape in Indianapolis is not what most salary sites will tell you. Indianapolis has a diversified economy led by healthcare, life sciences, and motorsports engineering. Eli Lilly's headquarters drives a major pharmaceutical and biotech cluster. The city's extremely affordable cost of living means that even moderate salaries deliver strong purchasing power, making it an underrated destination for professionals seeking financial stability. Company revenue and organizational complexity are the dominant pay factors. Controllers at companies generating $100 million or more in revenue earn 25 to 40% more than those at smaller firms. Public company experience, especially SEC reporting and SOX compliance expertise, commands significant premiums over private company controller roles.
Senior accountants earn $80,000 to $100,000 before advancing. Accounting managers earn $100,000 to $130,000. Assistant controllers reach $120,000 to $160,000. Controllers earn $140,000 to $200,000. The path to CFO typically goes through VP of Finance at $180,000 to $260,000. In Indianapolis, cost of living sits near the national average, so the numbers you see are roughly what you keep.
Base salary is not the full picture. Annual bonuses of 15 to 25% tied to audit outcomes, reporting accuracy, and financial close timelines are standard. Equity grants at pre-IPO companies can be substantial, ranging from $20,000 to $100,000 annually. Controllers often receive professional development budgets for CPA CPE. And on the tax side: indiana has a flat 3.05% state income tax, one of the lowest in the country. Marion County adds about 2.02% in local taxes. The combined rate remains well below most major metros. When someone quotes you $137,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Benchmark against pharmaceutical industry pay scales. Eli Lilly and the biotech cluster set high compensation floors that ripple across all professional roles in Indianapolis. The range for Controllers in Indianapolis runs from $105,000 to $180,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Top industries in Indianapolis
Negotiating in Indianapolis
Benchmark against pharmaceutical industry pay scales. Eli Lilly and the biotech cluster set high compensation floors that ripple across all professional roles in Indianapolis.