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Chief Financial Officer Average Salary in Italy 2019

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

8,051 EUR per month
Average Monthly Salary
A person working as a Chief Financial Officer in Italy typically earns around 8,051 EUR per month.
This is the average monthly salary including housing, transport, and other benefits. Chief Financial Officer salaries may differ drasticlty based on experience, skills, gender, or location. Below you will find detialed breakdown based on many different criteria.

Chief Financial Officer Salary Distribution in Italy

Median and salary distribution monthly Italy Chief Financial Officer

Abount These Figures: Salary Range, Median and Percentiles

Chief Financial Officer salaries in Italy range between 3,542 EUR per month (minimum salary) to 12,157 EUR per month (maximum salary).

The median salary is 8,131 EUR per month, which means that half (50%) of people working as Chief Financial Officer are earning less than 8,131 EUR while the other half are earning more than 8,131 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.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working as Chief Financial Officer are earning less than 5,253 EUR while 75% of them are earning more than 5,253 EUR. Also from the diagram, 75% of people working as Chief Financial Officer are earning less than 10,347 EUR while 25% are earning more than 10,347 EUR.

What is the difference between the median and the average salary? What should you be looking at?

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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Chief Financial Officer Salary Comparison by Years of Experience

0 - 2 Years    =  
4,274 EUR
2 - 5 Years    +31%  
5,610 EUR
5 - 10 Years    +18%  
6,643 EUR
10 - 15 Years    +27%  
8,453 EUR
15 - 20 Years    +12%  
9,486 EUR
20+ Years    +20%  
11,339 EUR
Percentage increase and decrease are relative to the previous value

Experience level is the most important factor in determining your salary. Naturally the more years of experience the higher your wage. We broke down Chief Financial Officer salaries by experience level. A Chief Financial Officer with less than two years of experience makes approximatly 4,274 EUR per month. While someone with experience level between two and five years is expected to earn 5,610 EUR per month, 31% more than someone with less than two year's experience. Moving forward, an experience level between five and ten years lands a salary of 6,643 EUR per month, 18% more than a person with two to five years of experience. Additionally, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,453 EUR per month, 27% more than a person with five to ten years of experience. If the experience level is between fifteen and twenty years, then the expected wage is 9,486 EUR per month, 12% more than a person with ten to fifteen years of experience. Lastly, employees with more than twenty years of professional experience get a salary of 11,339 EUR per month, 20% more than people with fifteen to twenty years of experience.

Salary comparison by years of experience monthly Italy Chief Financial Officer

Chief Financial Officer Salary Comparison By Education

Certificate or Diploma    =  
5,739 EUR
Bachelor's Degree    +29%  
7,419 EUR
Master's Degree    +26%  
9,357 EUR
Percentage increase and decrease are relative to the previous value

We all know that higher education equals a bigger salary, but how much more money can a degree add into your income? We broke down Chief Financial Officer salaries by education level in order to make a comparison. When the education level is Certificate or Diploma, the average salary of a Chief Financial Officer is 5,739 EUR per month. While someone with a Bachelor's Degree gets a salary of 7,419 EUR per month, 29% more than someone with Certificate or Diploma. A Master's Degree gets its holder an average salary of 9,357 EUR per month, 26% more than someone with Bachelor's Degree.

Salary comparison by education level monthly Italy Chief Financial Officer

Chief Financial Officer Salary Comparison By Gender

Female    =  
7,407 EUR
Male    +16%  
8,574 EUR
Percentage increase and decrease are relative to the previous value
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 Italy earn 16% more than their female counterparts.

Salary comparison by gender monthly Italy Chief Financial Officer

Public / Government vs Private Sector Salary Comparison

Private Sector    =  
7,004 EUR
Public Sector    +28%  
8,977 EUR
Percentage increase and decrease are relative to the previous value
Where can you get paid more, working for a private company or for the goverment? Public sector Chief Financial Officer employees in Italy earn 28% more than their private sector counterparts.

Public vs private sector salaries monthly Italy Chief Financial Officer

Chief Financial Officer Salary Trend and Forecast in Italy

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

Salary trends and forecast monthly Italy Chief Financial Officer
Average Salary 2016    =  
7,412 EUR
Average Salary 2017    +4%  
7,686 EUR
Average Salary 2018    +3%  
7,901 EUR
Average Salary 2019    +2%  
8,051 EUR
Percentage increase and decrease are relative to the previous value
Chief Financial Officer salaries in Italy are on the rise in the year 2019 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 continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Chief Financial Officer Average Hourly Wage in Italy

46 EUR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Italy for Chief Financial Officer is 46 EUR. This means that the average Chief Financial Officer in Italy earns approximatly 46 EUR for every worked hour.

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

The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management monthly ItalyWe compared Italy salaries for Chief Financial Officer, Executive and Management, and All Jobs and we found that Chief Financial Officer salaries are 61% more than those of Executive and Management. We also found out that Executive and Management salaries are 36% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator3,535 EUR-56%
Administration Manager4,327 EUR-46%
Area Manager4,079 EUR-49%
Asset Protection Associate4,527 EUR-44%
Assistant Director4,249 EUR-47%
Assistant Manager4,526 EUR-44%
Assistant Operations Manager4,875 EUR-39%
Assistant Project Manager4,275 EUR-47%
Assistant Section Head3,584 EUR-55%
Assistant to CEO4,060 EUR-50%
Assistant Vice President4,950 EUR-39%
Associate Director4,455 EUR-45%
Bid Manager5,221 EUR-35%
Branch Manager4,830 EUR-40%
Business Development Manager5,230 EUR-35%
Business Operations Associate4,564 EUR-43%
Business Operations Lead4,733 EUR-41%
Campaign Manager4,754 EUR-41%
Chairman of The Board8,414 EUR+5%
Chairman Office Manager5,556 EUR-31%
Chief Corporate Officer6,628 EUR-18%
Chief Executive Officer8,484 EUR+5%
Chief Financial Officer8,051 EUR=
Chief of Staff4,158 EUR-48%
Chief Operating Officer6,016 EUR-25%
Chief Risk Officer5,440 EUR-32%
Client Services Manager5,578 EUR-31%
Commercial Project Manager4,782 EUR-41%
Commodity Broker3,624 EUR-55%
Corporate Affairs Executive5,044 EUR-37%
Corporate Compliance Director5,570 EUR-31%
Corporate Director5,885 EUR-27%
Corporate Officer4,019 EUR-50%
Corporate Partnerships Officer4,121 EUR-49%
Country Manager6,732 EUR-16%
Deputy Director6,106 EUR-24%
Director6,798 EUR-16%
Director of Accreditation5,750 EUR-29%
Director of Catering Services5,196 EUR-35%
Director of Client Services5,230 EUR-35%
Director of Facilities Management4,782 EUR-41%
Director of Operations5,468 EUR-32%
Director of Process Simplification4,475 EUR-44%
Director of Project Management6,099 EUR-24%
Director of Revenue Management5,315 EUR-34%
Director of Training and Development5,665 EUR-30%
Distribution Manager6,089 EUR-24%
Division Manager4,825 EUR-40%
Duty Manager5,074 EUR-37%
Engagement Manager5,700 EUR-29%
Executive Director7,966 EUR-1%
Executive Manager6,813 EUR-15%
Franchise Manager7,165 EUR-11%
General Manager6,334 EUR-21%
Global Master Data Manager6,158 EUR-24%
Head of Middle Office5,086 EUR-37%
Head of Projects5,855 EUR-27%
Head of Sustainability4,545 EUR-44%
Housing Manager4,684 EUR-42%
HSE Manager4,784 EUR-41%
Key Account Manager4,784 EUR-41%
Knowledge Manager5,584 EUR-31%
Location Manager5,332 EUR-34%
Logistics Manager4,384 EUR-46%
Management Consultant4,320 EUR-46%
Management Executive6,141 EUR-24%
Manager5,940 EUR-26%
Managing Director6,583 EUR-18%
MIS Executive5,884 EUR-27%
Ocean Services Manager5,744 EUR-29%
Operations Assistant3,998 EUR-50%
Operations Director6,284 EUR-22%
Operations Executive6,004 EUR-25%
Operations Manager6,031 EUR-25%
Operations Supervisor5,206 EUR-35%
Policy Administration Executive4,953 EUR-38%
Private Sector Executive4,921 EUR-39%
Product Development Manager5,542 EUR-31%
Product Executive4,999 EUR-38%
Production Executive5,588 EUR-31%
Production Manager5,646 EUR-30%
Production Supervisor4,904 EUR-39%
Program Manager5,892 EUR-27%
Programme Coordinator4,196 EUR-48%
Project Control Manager5,774 EUR-28%
Project Coordinator3,523 EUR-56%
Project Management Officer4,067 EUR-49%
Project Manager4,178 EUR-48%
Project Portfolio Manager4,616 EUR-43%
Quality Manager4,526 EUR-44%
R/D Director4,892 EUR-39%
Regional Director7,738 EUR-4%
Regional Manager5,639 EUR-30%
Relationship Manager5,609 EUR-30%
Retail District Manager4,006 EUR-50%
Revenue Manager4,658 EUR-42%
Risk and Capital Manager6,185 EUR-23%
Risk Officer4,160 EUR-48%
Safety Manager4,242 EUR-47%
Section Head4,293 EUR-47%
Service Manager4,684 EUR-42%
Shift Supervisor3,365 EUR-58%
Solutions Manager4,127 EUR-49%
Supervisor3,506 EUR-56%
Supply Chain Manager5,956 EUR-26%
Surveyor4,019 EUR-50%
Technical Manager5,366 EUR-33%
Territory Manager5,496 EUR-32%
Validation Manager4,735 EUR-41%
Vice President6,903 EUR-14%
Zone Manager5,981 EUR-26%

Salary Comparison By City

CityAverage Salary
Bologna7,461 EUR
Catania7,819 EUR
Genova7,957 EUR
Milano8,391 EUR
Napoli7,871 EUR
Palermo7,670 EUR
Parma6,889 EUR
Rome8,925 EUR
Torino8,178 EUR
Trieste7,509 EUR
7125 - 4
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