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Chief Financial Officer Average Salary in Lebanon 2024

How much money does a person working as Chief Financial Officer make in Lebanon?


Average Monthly Salary
28,000,000 LBP
( 336,000,000 LBP yearly)

LOW
14,800,000
LBP
AVERAGE
28,000,000
LBP
HIGH
42,500,000
LBP
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Chief Financial Officer in Lebanon typically earns around 28,000,000 LBP. Salaries range from 14,800,000 LBP (lowest) to 42,500,000 LBP (highest).


Salary Variance

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



Chief Financial Officer Pay Scale and Salaries in Lebanon

Median and salary distribution Lebanon Chief Financial Officer monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
25,100,000 LBP or more
10% of people earn
22,500,000 to 25,100,000 LBP
20% of people earn
16,500,000 LBP or less
65% of people earn
16,500,000 to 22,500,000 LBP
Minimum Salary
14,800,000
LBP
Median
25,200,000
LBP
Maximum
42,500,000
LBP




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Chief Financial Officer in Lebanon range from 14,800,000 LBP (starting salary) to 42,500,000 LBP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 25,200,000 LBP, half of the professionals who work as Chief Financial Officer in Lebanon earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Chief Financial Officer in Lebanon earn less than 21,000,000 LBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 28,600,000 LBP while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Chief Financial Officer in Lebanon compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 16,500,000 LBP to 22,500,000 LBP. About 20% of salaries are below the 16,500,000 LBP mark, while 10% fall within the range of 22,500,000 LBP to 25,100,000 LBP. Only 5% of individuals have salaries exceeding 25,100,000 LBP.

Salary Comparison by Years of Experience / Chief Financial Officer / Lebanon

How do experience and age affect pay?

0 - 2 Years
17,000,000 LBP
2 - 5 Years+23%
20,900,000 LBP
5 - 10 Years+42%
29,700,000 LBP
10 - 15 Years+17%
34,600,000 LBP
15 - 20 Years+10%
38,100,000 LBP
20+ Years+6%
40,300,000 LBP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Lebanon 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 the wage. We broke down salaries by experience level for people working as Chief Financial Officer and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 17,000,000 LBP.

While someone with an experience level between two and five years is expected to earn 20,900,000 LBP, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 29,700,000 LBP, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 34,600,000 LBP, 17% 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 38,100,000 LBP, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 40,300,000 LBP, 6% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Chief Financial Officer / Lebanon

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Chief Financial Officer.

High School
20,700,000 LBP
Certificate or Diploma+13%
23,400,000 LBP
Bachelor's Degree+31%
30,600,000 LBP
Master's Degree+32%
40,300,000 LBP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Lebanon 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 salaries by education level for the position Chief Financial Officer in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 20,700,000 LBP.


Level 2: Certificate or Diploma

At this level, the average salary becomes 23,400,000 LBP, 13% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 30,600,000 LBP, 31% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 40,300,000 LBP, 32% more than the previous level.



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 Lebanon costs anywhere from 65,400,000 LBP to 196,000,000 LBP 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / Chief Financial Officer / Lebanon

Salary comparison by gender Lebanon Chief Financial Officer monthly
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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? For the people who work as Chief Financial Officer in Lebanon, the average difference between the salary of male and female employees is 16%.

Male
29,500,000 LBP
Female-14%
25,500,000 LBP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Lebanon for all Careers

Salary comparison by gender monthly Lebanon
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Average Annual Salary Increment Percentage / Chief Financial Officer / Lebanon

How much are annual salary increments in Lebanon for individuals working as Chief Financial Officer? How often do employees get salary raises?

Individuals working as Chief Financial Officer in Lebanon are likely to observe a salary increase of approximately 13% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Lebanon 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.

Lebanon / All Professions

Annual Salary Increment Rate Lebanon
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Lebanon is 4%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Chief Financial Officer / Lebanon

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Lebanon Chief Financial Officer
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24% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 76% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
76%
No Bonus
24%

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.

Average Hourly Wage / Chief Financial Officer / Lebanon


161,000 LBP per hour

The average hourly wage (pay per hour) for individuals working as Chief Financial Officer in Lebanon is 161,000 LBP.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Chief Financial Officer in Lebanon is 85,600 LBP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Executive and Management-100%
Account Coordinator13,000,000 LBP-54%
Account Director15,600,000 LBP-44%
Account Executive15,700,000 LBP-44%
Account Manager14,400,000 LBP-49%
Administration Manager15,600,000 LBP-44%
Administration Officer7,650,000 LBP-73%
Administration Supervisor12,200,000 LBP-56%
Administrative Clerk5,720,000 LBP-80%
Administrative Officer5,960,000 LBP-79%
Area Director14,400,000 LBP-49%
Area Manager14,500,000 LBP-48%
Asset Protection Associate15,800,000 LBP-44%
Assistant Director16,000,000 LBP-43%
Assistant General Manager16,700,000 LBP-40%
Assistant Manager16,000,000 LBP-43%
Assistant Managing Director17,800,000 LBP-36%
Assistant Operations Manager16,900,000 LBP-40%
Assistant Project Manager16,400,000 LBP-41%
Assistant Section Head12,800,000 LBP-54%
Assistant to CEO14,300,000 LBP-49%
Assistant Vice President16,200,000 LBP-42%
Associate Account Director15,800,000 LBP-44%
Associate Director15,900,000 LBP-43%
Bid Manager17,700,000 LBP-37%
Branch Manager17,200,000 LBP-39%
Business Development Manager19,700,000 LBP-30%
Business Operations Associate15,600,000 LBP-44%
Business Operations Lead16,400,000 LBP-41%
Campaign Manager17,100,000 LBP-39%
Catering Coordinator9,700,000 LBP-65%
Catering Manager15,400,000 LBP-45%
CEO30,200,000 LBP+8%
Chairman of The Board27,900,000 LBP-0%
Chairman Office Manager18,700,000 LBP-33%
Chief Commercial Officer21,900,000 LBP-22%
Chief Corporate Officer25,300,000 LBP-10%
Chief Digital Officer20,300,000 LBP-27%
Chief Digital Strategy Officer21,100,000 LBP-25%
Chief Digital Transformation Officer20,100,000 LBP-28%
Chief Ethics Officer18,900,000 LBP-32%
Chief Executive Officer30,600,000 LBP+9%
Chief Financial Officer28,000,000 LBP+0%
Chief Investment Officer22,700,000 LBP-19%
Chief of Staff14,200,000 LBP-49%
Chief Operating Officer23,400,000 LBP-16%
Chief Privacy Officer18,200,000 LBP-35%
Chief Resilience Officer22,600,000 LBP-19%
Chief Risk Officer20,100,000 LBP-28%
Chief Strategy Officer24,200,000 LBP-14%
Chief Trust and Safety Officer19,200,000 LBP-31%
Client Account Manager17,900,000 LBP-36%
Client Accounts Officer15,400,000 LBP-45%
Client Services Manager18,500,000 LBP-34%
Commercial Director21,000,000 LBP-25%
Commercial Manager17,600,000 LBP-37%
Commercial Project Manager15,900,000 LBP-43%
Commodity Broker13,000,000 LBP-54%
COO23,000,000 LBP-18%
Corporate Affairs Executive17,500,000 LBP-37%
Corporate Compliance Director18,700,000 LBP-33%
Corporate Director20,000,000 LBP-29%
Corporate Officer13,700,000 LBP-51%
Corporate Partnerships Officer14,500,000 LBP-48%
Country Manager22,300,000 LBP-20%
Department Head17,500,000 LBP-37%
Department Manager17,800,000 LBP-36%
Department Supervisor15,700,000 LBP-44%
Deputy Director21,100,000 LBP-25%
Deputy Manager21,900,000 LBP-22%
Director22,800,000 LBP-19%
Director of Accreditation20,200,000 LBP-28%
Director of Catering Services18,500,000 LBP-34%
Director of Client Services18,600,000 LBP-34%
Director of Facilities Management15,600,000 LBP-44%
Director of Operations19,200,000 LBP-31%
Director of Process Simplification16,000,000 LBP-43%
Director of Product Management20,100,000 LBP-28%
Director of Project Management21,100,000 LBP-25%
Director of Revenue Management17,900,000 LBP-36%
Director of Training and Development19,000,000 LBP-32%
Distribution Manager20,700,000 LBP-26%
Division Manager16,900,000 LBP-40%
Duty Manager17,700,000 LBP-37%
Engagement Manager21,600,000 LBP-23%
Executive Director30,400,000 LBP+9%
Executive Manager23,400,000 LBP-16%
Franchise Manager25,400,000 LBP-9%
General Manager24,500,000 LBP-12%
Generational Consultant15,300,000 LBP-45%
Global Master Data Manager20,700,000 LBP-26%
Global Technical Lead14,500,000 LBP-48%
Head of Investment19,300,000 LBP-31%
Head of Middle Office18,600,000 LBP-34%
Head of Projects20,300,000 LBP-27%
Head of Strategy21,400,000 LBP-24%
Head of Supply Chain17,800,000 LBP-36%
Head of Sustainability16,700,000 LBP-40%
Housing Manager15,900,000 LBP-43%
HSE Manager17,100,000 LBP-39%
Innovation Manager16,300,000 LBP-42%
Key Account Manager17,000,000 LBP-39%
Knowledge Manager19,100,000 LBP-32%
Location Manager19,400,000 LBP-31%
Logistics Executive15,700,000 LBP-44%
Logistics Manager14,900,000 LBP-47%
Management Consultant15,300,000 LBP-45%
Management Executive21,900,000 LBP-22%
Manager19,400,000 LBP-31%
Managing Director23,700,000 LBP-15%
MIS Executive19,100,000 LBP-32%
Ocean Services Manager20,500,000 LBP-27%
Online Business Manager28,200,000 LBP+1%
Operational Manager20,800,000 LBP-26%
Operations Analyst18,000,000 LBP-36%
Operations Assistant14,000,000 LBP-50%
Operations Director22,400,000 LBP-20%
Operations Executive21,300,000 LBP-24%
Operations Manager22,100,000 LBP-21%
Operations Supervisor18,900,000 LBP-32%
Planning Director21,300,000 LBP-24%
PMO Manager18,200,000 LBP-35%
Policy Administration Executive17,300,000 LBP-38%
Private Sector Executive17,000,000 LBP-39%
Product Development Manager19,700,000 LBP-30%
Product Executive17,500,000 LBP-37%
Production Executive20,700,000 LBP-26%
Production Manager19,800,000 LBP-29%
Production Supervisor17,600,000 LBP-37%
Program Director20,000,000 LBP-29%
Program Manager21,300,000 LBP-24%
Programme Coordinator14,000,000 LBP-50%
Project Control Manager20,900,000 LBP-25%
Project Coordinator11,800,000 LBP-58%
Project Management Officer13,600,000 LBP-51%
Project Manager15,700,000 LBP-44%
Project Portfolio Manager15,600,000 LBP-44%
Quality Manager15,600,000 LBP-44%
R/D Director18,300,000 LBP-35%
Regional Director27,000,000 LBP-4%
Regional Manager20,400,000 LBP-27%
Relationship Manager19,900,000 LBP-29%
Retail District Manager14,700,000 LBP-47%
Revenue Manager15,100,000 LBP-46%
Risk and Capital Manager23,800,000 LBP-15%
Risk Officer14,700,000 LBP-47%
Safety Manager14,700,000 LBP-47%
Section Head15,100,000 LBP-46%
Service Manager15,300,000 LBP-45%
Shift Supervisor12,200,000 LBP-56%
Solutions Manager14,100,000 LBP-50%
Supervisor12,600,000 LBP-55%
Supply Chain Manager21,200,000 LBP-24%
Surveyor14,000,000 LBP-50%
Technical Director20,000,000 LBP-29%
Technical Manager20,000,000 LBP-29%
Territory Manager20,300,000 LBP-27%
Validation Manager16,700,000 LBP-40%
Vice President25,100,000 LBP-10%
Zone Manager20,000,000 LBP-29%

Salary Comparison By City

CityAverage Salary
Beirut31,000,000 LBP

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Lebanon is 12% on average across all career fields.

Private Sector
12,200,000 LBP
Public Sector+12%
13,700,000 LBP
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Chief Financial Officer in Lebanon?

A good and competitive compensation would range anywhere between 25,200,000 LBP and 28,600,000 LBP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Chief Financial Officer in Lebanon ranges from 14,800,000 LBP to 21,000,000 LBP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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