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Financial Analyst Average Salary in Ireland 2020

How much money does a Financial Analyst make in Ireland?

Average Yearly Salary
158,000 EUR
( 13,200 EUR monthly)


A person working as a Financial Analyst in Ireland typically earns around 158,000 EUR per year. Salaries range from 75,900 EUR (lowest) to 248,000 EUR (highest).

This is the average yearly salary including housing, transport, and other benefits. Financial Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Financial Analyst Salary Distribution in Ireland

Median and salary distribution yearly Ireland Financial Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    Financial Analyst salaries in Ireland range from 75,900 EUR per year (minimum salary) to 248,000 EUR per year (maximum salary).

  • Median Salary

    The median salary is 164,000 EUR per year, which means that half (50%) of people working as Financial Analyst(s) are earning less than 164,000 EUR while the other half are earning more than 164,000 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Financial Analyst(s) are earning less than 108,000 EUR while 75% of them are earning more than 108,000 EUR. Also from the diagram, 75% of Financial Analyst(s) are earning less than 214,000 EUR while 25% are earning more than 214,000 EUR.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Financial Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Ireland Financial Analyst
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Financial Analyst salaries by experience level and this is what we found.

A Financial Analyst with less than two years of experience makes approximately 88,800 EUR per year.

While someone with an experience level between two and five years is expected to earn 126,000 EUR per year, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 165,000 EUR per year, 31% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Financial Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 203,000 EUR per year, 23% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 216,000 EUR per year, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 237,000 EUR per year, 10% more than people with fifteen to twenty years of experience.

Financial Analyst average salary change by experience in Ireland

0 - 2 Years
88,800 EUR
2 - 5 Years+42%
126,000 EUR
5 - 10 Years+31%
165,000 EUR
10 - 15 Years+23%
203,000 EUR
15 - 20 Years+6%
216,000 EUR
20+ Years+10%
237,000 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Financial Analyst Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Financial Analyst(s) who have the same experience but different education levels.

Salary comparison by education level yearly Ireland Financial Analyst
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Financial Analyst salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Financial Analyst is 110,000 EUR per year.

While someone with a Certificate or Diploma gets a salary of 128,000 EUR per year, 16% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 186,000 EUR per year, 46% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 229,000 EUR per year, 23% more than someone with Bachelor's Degree.

Financial Analyst average salary difference by education level in Ireland

High School
110,000 EUR
Certificate or Diploma+16%
128,000 EUR
Bachelor's Degree+46%
186,000 EUR
Master's Degree+23%
229,000 EUR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Ireland costs anywhere from 61,400 Euro(s) to 184,000 Euro(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Financial Analyst Salary Comparison By Gender

Salary comparison by gender yearly Ireland Financial Analyst
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Financial Analyst employees in Ireland earn 5% more than their female counterparts.

155,000 EUR
162,000 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ireland for all Careers

Salary comparison by gender yearly Ireland
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Financial Analyst Average Annual Salary Increment Percentage in Ireland

How much are annual salary increments in Ireland for Financial Analyst(s)? How often do employees get salary raises?

Financial Analyst

Financial Analyst(s) in Ireland are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Ireland Financial Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Ireland / All Professions

Annual Salary Increment Rate Ireland
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The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Ireland is 7%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Ireland for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Financial Analyst Bonus and Incentive Rates in Ireland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ireland Financial Analyst
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A Financial Analyst is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries yearly Ireland
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Where can you get paid more, working for a private company or for the government? Public sector Financial Analyst employees in Ireland earn 5% more than their private sector counterparts.

Private Sector
144,000 EUR
Public Sector+5%
151,000 EUR
Percentage increase and decrease are relative to the previous value

Financial Analyst Salary Trend and Forecast in Ireland

How are Financial Analyst salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast yearly Ireland Financial Analyst
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Average Salary 2016
142,000 EUR
Average Salary 2017+4%
147,000 EUR
Average Salary 2018+3%
151,000 EUR
Average Salary 2019+2%
155,000 EUR
Percentage increase and decrease are relative to the previous value

Financial Analyst salaries in Ireland are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Financial Analyst Average Hourly Wage in Ireland

76 EUR per hour

The average hourly wage (pay per hour) in Ireland is 76 EUR. This means that the average Financial Analyst in Ireland earns approximately 76 EUR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Financial Analyst VS Other Jobs

Salary Comparison Between Financial Analyst and Accounting and Finance yearly Ireland
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The average salary for Financial Analyst is 11% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner91,000 EUR-42%
Account Executive147,000 EUR-7%
Accountant107,000 EUR-32%
Accounting Assistant103,000 EUR-35%
Accounting Associate97,900 EUR-38%
Accounting Clerk75,800 EUR-52%
Accounting Coordinator81,800 EUR-48%
Accounting Manager190,000 EUR+20%
Accounting Supervisor137,000 EUR-13%
Accounting Technician96,300 EUR-39%
Accounts Executive126,000 EUR-20%
Accounts Payable and Receivable Specialist123,000 EUR-22%
Accounts Payable Clerk74,600 EUR-53%
Accounts Payable Manager152,000 EUR-4%
Accounts Receivable Clerk80,800 EUR-49%
Accounts Receivable Manager162,000 EUR+3%
Assistant Accounting Manager132,000 EUR-16%
Assistant Auditor110,000 EUR-30%
Audit Supervisor198,000 EUR+25%
Auditing Clerk99,700 EUR-37%
Auditing Manager210,000 EUR+33%
Billing Coordinator120,000 EUR-24%
Billing Specialist118,000 EUR-25%
Billing Supervisor147,000 EUR-7%
Bookkeeper81,600 EUR-48%
Bookkeeping Specialist110,000 EUR-30%
Budget Analyst127,000 EUR-20%
Budget Manager186,000 EUR+18%
Business Support Analyst134,000 EUR-15%
Capital Markets Associate157,000 EUR-1%
Cash Flow Analyst157,000 EUR-1%
Cash Management Officer148,000 EUR-6%
Cashbook Clerk94,400 EUR-40%
Chartered Accountant137,000 EUR-13%
Collections Clerk79,300 EUR-50%
Collections Specialist97,300 EUR-38%
Corporate Treasurer257,000 EUR+63%
Cost Accountant125,000 EUR-21%
Cost Accounting Manager157,000 EUR-1%
Cost Analyst148,000 EUR-6%
Credit and Collection Manager180,000 EUR+14%
Credit and Collection Staff82,600 EUR-48%
Credit and Loans Officer83,600 EUR-47%
Credit Controller145,000 EUR-8%
Debt Adviser181,000 EUR+15%
Debt Collector128,000 EUR-19%
Debtors Clerk109,000 EUR-31%
Deputy CFO272,000 EUR+72%
Derivative Trader203,000 EUR+28%
Escrow Assistant120,000 EUR-24%
External Auditor155,000 EUR-2%
Finance Associate113,000 EUR-28%
Finance Executive249,000 EUR+58%
Finance Licensing Clerk96,700 EUR-39%
Finance Licensing Manager155,000 EUR-2%
Finance Licensing Specialist123,000 EUR-22%
Finance Officer175,000 EUR+11%
Finance President317,000 EUR+100%
Finance Relationship Manager204,000 EUR+29%
Finance Release Analyst144,000 EUR-9%
Finance Team Leader 158,000 EUR-0%
Financial Actuary151,000 EUR-4%
Financial Administrator134,000 EUR-15%
Financial Analyst158,000 EUR-0%
Financial Applications Specialist101,000 EUR-36%
Financial Assistant92,200 EUR-42%
Financial Associate116,000 EUR-27%
Financial Claims Analyst135,000 EUR-15%
Financial Claims Manager154,000 EUR-3%
Financial Commercial Analyst137,000 EUR-13%
Financial Compliance Analyst152,000 EUR-4%
Financial Consultant149,000 EUR-6%
Financial Controller142,000 EUR-10%
Financial Coordinator123,000 EUR-22%
Financial Customer Service Manager178,000 EUR+13%
Financial Dealer and Broker135,000 EUR-15%
Financial Encoder84,000 EUR-47%
Financial Manager292,000 EUR+85%
Financial Operations Manager221,000 EUR+40%
Financial Policy Analyst157,000 EUR-1%
Financial Project Manager140,000 EUR-11%
Financial Quantitative Analyst172,000 EUR+9%
Financial Reporting Consultant143,000 EUR-10%
Financial Reporting Manager191,000 EUR+21%
Financial Services Sales Agent130,000 EUR-18%
Fixed Assets Administrator124,000 EUR-22%
Forensic Accountant115,000 EUR-27%
Fraud Detection Supervisor139,000 EUR-12%
Fraud Prevention Manager213,000 EUR+35%
Fund Accountant110,000 EUR-30%
Grants Coordinator92,400 EUR-42%
Internal Auditor158,000 EUR-0%
Internal Control Adviser156,000 EUR-1%
Internal Control Officer132,000 EUR-16%
Inventory Accountant243,000 EUR+54%
Investment Analyst195,000 EUR+23%
Investment Fund Manager205,000 EUR+30%
Investment Underwriter92,500 EUR-41%
Investor149,000 EUR-6%
Investor Relations Manager180,000 EUR+14%
KYC Team Leader189,000 EUR+20%
Management Economist161,000 EUR+2%
Paymaster119,000 EUR-25%
Payroll Clerk92,300 EUR-42%
Payroll Manager158,000 EUR-0%
Pensions Administrator112,000 EUR-29%
Pricing Analyst172,000 EUR+9%
Private Equity Analyst171,000 EUR+8%
Proposal Development Coordinator110,000 EUR-30%
Receivables Accountant103,000 EUR-35%
Regulatory Accountant118,000 EUR-25%
Retirement Plan Analyst152,000 EUR-4%
Revenue Management Specialist128,000 EUR-19%
Revenue Recognition Analyst190,000 EUR+20%
Risk Management Director228,000 EUR+44%
Risk Management Supervisor175,000 EUR+11%
Tax Accountant110,000 EUR-30%
Tax Advisor155,000 EUR-2%
Tax Associate118,000 EUR-25%
Tax Manager211,000 EUR+34%
Teller66,600 EUR-58%
Treasury Accountant116,000 EUR-27%
Treasury Analyst155,000 EUR-2%
Underwriter86,600 EUR-45%
Underwriting Assistant79,600 EUR-50%
Vice President of Finance214,000 EUR+35%

Salary Comparison By City

CityAverage Salary
Cork173,000 EUR
Dublin179,000 EUR
Galway144,000 EUR
Limerick155,000 EUR
Waterford140,000 EUR
34000 - 3

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