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Chief Financial Officer Average Salary in Ireland 2020

How much money does a Chief Financial Officer make in Ireland?


Average Yearly Salary
80,600 EUR
( 6,720 EUR monthly)

LOW
40,300
EUR
AVERAGE
80,600
EUR
HIGH
125,000
EUR

A person working as a Chief Financial Officer in Ireland typically earns around 80,600 EUR per year. Salaries range from 40,300 EUR (lowest) to 125,000 EUR (highest).

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

Chief Financial Officer Salary Distribution in Ireland

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

  • Salary Range

    Chief Financial Officer salaries in Ireland range from 40,300 EUR per year (minimum salary) to 125,000 EUR per year (maximum salary).

  • Median Salary

    The median salary is 80,600 EUR per year, which means that half (50%) of people working as Chief Financial Officer(s) are earning less than 80,600 EUR while the other half are earning more than 80,600 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 Chief Financial Officer(s) are earning less than 54,400 EUR while 75% of them are earning more than 54,400 EUR. Also from the diagram, 75% of Chief Financial Officer(s) are earning less than 103,000 EUR while 25% are earning more than 103,000 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

Chief Financial Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Ireland Chief Financial Officer
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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 Chief Financial Officer salaries by experience level and this is what we found.

A Chief Financial Officer with less than two years of experience makes approximately 48,400 EUR per year.

While someone with an experience level between two and five years is expected to earn 64,000 EUR per year, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 85,600 EUR per year, 34% 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, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 102,000 EUR per year, 19% 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 110,000 EUR per year, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 118,000 EUR per year, 7% more than people with fifteen to twenty years of experience.


Chief Financial Officer average salary change by experience in Ireland

0 - 2 Years
48,400 EUR
2 - 5 Years+32%
64,000 EUR
5 - 10 Years+34%
85,600 EUR
10 - 15 Years+19%
102,000 EUR
15 - 20 Years+8%
110,000 EUR
20+ Years+7%
118,000 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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Chief Financial Officer Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level yearly Ireland Chief Financial Officer
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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 Chief Financial Officer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Chief Financial Officer is 60,600 EUR per year.

While someone with a Certificate or Diploma gets a salary of 69,100 EUR per year, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 93,700 EUR per year, 36% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 118,000 EUR per year, 26% more than someone with Bachelor's Degree.


Chief Financial Officer average salary difference by education level in Ireland

High School
60,600 EUR
Certificate or Diploma+14%
69,100 EUR
Bachelor's Degree+36%
93,700 EUR
Master's Degree+26%
118,000 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 16,000 Euro(s) to 48,100 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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Chief Financial Officer Salary Comparison By Gender

Salary comparison by gender yearly Ireland Chief Financial Officer
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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 Chief Financial Officer employees in Ireland earn 4% more than their female counterparts on average.

Male
82,300 EUR
Female-4%
78,900 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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Chief Financial Officer Average Annual Salary Increment Percentage in Ireland

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

Chief Financial Officer

Chief Financial Officer(s) in Ireland are likely to observe a salary increase of approximately 15% 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 Chief Financial Officer
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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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

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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Chief Financial Officer Bonus and Incentive Rates in Ireland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ireland Chief Financial Officer
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A Chief Financial Officer is considered to be a high 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.

17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
83%
No Bonus
17%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Chief Financial Officer Average Hourly Wage in Ireland


39 EUR per hour

The average hourly wage (pay per hour) in Ireland is 39 EUR. This means that the average Chief Financial Officer in Ireland earns approximately 39 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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management yearly Ireland
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The average salary for Chief Financial Officer is 55% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator37,700 EUR-53%
Administration Manager46,900 EUR-42%
Area Manager42,400 EUR-47%
Asset Protection Associate48,500 EUR-40%
Assistant Director44,600 EUR-45%
Assistant Manager50,600 EUR-37%
Assistant Operations Manager51,100 EUR-37%
Assistant Project Manager47,800 EUR-41%
Assistant Section Head40,000 EUR-50%
Assistant to CEO42,500 EUR-47%
Assistant Vice President49,300 EUR-39%
Associate Director46,600 EUR-42%
Bid Manager51,000 EUR-37%
Branch Manager50,600 EUR-37%
Business Development Manager57,400 EUR-29%
Business Operations Associate45,600 EUR-43%
Business Operations Lead47,200 EUR-41%
Campaign Manager54,200 EUR-33%
Chairman of The Board84,200 EUR+4%
Chairman Office Manager55,500 EUR-31%
Chief Corporate Officer72,600 EUR-10%
Chief Executive Officer88,700 EUR+10%
Chief Financial Officer80,600 EUR-0%
Chief of Staff43,100 EUR-47%
Chief Operating Officer66,800 EUR-17%
Chief Risk Officer59,300 EUR-26%
Client Services Manager55,800 EUR-31%
Commercial Project Manager50,700 EUR-37%
Commodity Broker38,500 EUR-52%
Corporate Affairs Executive56,000 EUR-31%
Corporate Compliance Director58,100 EUR-28%
Corporate Director61,400 EUR-24%
Corporate Officer41,900 EUR-48%
Corporate Partnerships Officer41,300 EUR-49%
Country Manager67,300 EUR-17%
Deputy Director63,600 EUR-21%
Director66,500 EUR-18%
Director of Accreditation59,900 EUR-26%
Director of Catering Services54,000 EUR-33%
Director of Client Services59,700 EUR-26%
Director of Facilities Management49,700 EUR-38%
Director of Operations59,900 EUR-26%
Director of Process Simplification44,800 EUR-44%
Director of Project Management60,900 EUR-24%
Director of Revenue Management53,100 EUR-34%
Director of Training and Development58,800 EUR-27%
Distribution Manager63,100 EUR-22%
Division Manager52,800 EUR-35%
Duty Manager49,500 EUR-39%
Engagement Manager63,900 EUR-21%
Executive Director91,200 EUR+13%
Executive Manager69,900 EUR-13%
Franchise Manager73,400 EUR-9%
General Manager72,400 EUR-10%
Global Master Data Manager63,900 EUR-21%
Head of Middle Office55,900 EUR-31%
Head of Projects58,400 EUR-28%
Head of Sustainability50,000 EUR-38%
Housing Manager45,800 EUR-43%
HSE Manager50,800 EUR-37%
Key Account Manager51,900 EUR-36%
Knowledge Manager55,800 EUR-31%
Location Manager54,500 EUR-32%
Logistics Manager47,700 EUR-41%
Management Consultant49,300 EUR-39%
Management Executive61,500 EUR-24%
Manager59,200 EUR-27%
Managing Director75,000 EUR-7%
MIS Executive59,900 EUR-26%
Ocean Services Manager64,100 EUR-21%
Operations Assistant43,800 EUR-46%
Operations Director65,800 EUR-18%
Operations Executive65,600 EUR-19%
Operations Manager66,300 EUR-18%
Operations Supervisor55,600 EUR-31%
Policy Administration Executive50,500 EUR-37%
Private Sector Executive51,600 EUR-36%
Product Development Manager60,600 EUR-25%
Product Executive54,300 EUR-33%
Production Executive57,500 EUR-29%
Production Manager59,200 EUR-27%
Production Supervisor53,100 EUR-34%
Program Manager61,600 EUR-24%
Programme Coordinator44,500 EUR-45%
Project Control Manager64,400 EUR-20%
Project Coordinator36,800 EUR-54%
Project Management Officer41,600 EUR-48%
Project Manager42,900 EUR-47%
Project Portfolio Manager47,100 EUR-42%
Quality Manager46,500 EUR-42%
R/D Director52,500 EUR-35%
Regional Director79,400 EUR-2%
Regional Manager59,400 EUR-26%
Relationship Manager57,500 EUR-29%
Retail District Manager42,800 EUR-47%
Revenue Manager47,400 EUR-41%
Risk and Capital Manager69,200 EUR-14%
Risk Officer46,500 EUR-42%
Safety Manager47,100 EUR-42%
Section Head45,000 EUR-44%
Service Manager48,700 EUR-40%
Shift Supervisor35,400 EUR-56%
Solutions Manager41,200 EUR-49%
Supervisor35,900 EUR-55%
Supply Chain Manager62,400 EUR-23%
Surveyor42,800 EUR-47%
Technical Manager59,700 EUR-26%
Territory Manager56,500 EUR-30%
Validation Manager50,700 EUR-37%
Vice President70,600 EUR-12%
Zone Manager61,100 EUR-24%

Salary Comparison By City

CityAverage Salary
Cork88,200 EUR
Dublin87,300 EUR
Galway76,300 EUR
Limerick85,800 EUR
Waterford73,200 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Ireland earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
37,600 EUR
Public Sector+5%
39,300 EUR
Percentage increase and decrease are relative to the previous value

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