A person working as a Financial Analyst in Austria typically earns around 5,130 EUR per month. Salaries range from 2,460 EUR (lowest) to 8,050 EUR (highest).
This is the average monthly 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 salaries in Austria range from 2,460 EUR per month (minimum salary) to 8,050 EUR per month (maximum salary).
The median salary is 5,330 EUR per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 5,330 EUR while the other half are earning more than 5,330 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 Financial Analyst(s) are earning less than 3,510 EUR while 75% of them are earning more than 3,510 EUR. Also from the diagram, 75% of Financial Analyst(s) are earning less than 6,960 EUR while 25% are earning more than 6,960 EUR.
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
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 2,880 EUR per month.
While someone with an experience level between two and five years is expected to earn 4,080 EUR per month, 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 5,370 EUR per month, 31% more than someone with two to five years of experience.
Additionally, Financial Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 6,600 EUR per month, 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 7,020 EUR per month, 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 7,690 EUR per month, 10% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+42%|
|5 - 10 Years||+31%|
|10 - 15 Years||+23%|
|15 - 20 Years||+6%|
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 3,580 EUR per month.
While someone with a Certificate or Diploma gets a salary of 4,140 EUR per month, 16% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 6,040 EUR per month, 46% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 7,440 EUR per month, 23% more than someone with Bachelor's Degree.
|Certificate or Diploma||+16%|
A Master's degree program or any post-graduate program in Austria costs anywhere from 18,900 Euro(s) to 56,800 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.
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 Austria earn 4% more than their female counterparts on average.
Financial Analyst(s) in Austria are likely to observe a salary increase of approximately 9% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
Listed above are the average annual increase rates for each industry in Austria 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.
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.
60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% 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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Financial Analyst is 31% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||2,040 EUR||-60%|
|Account Executive||3,470 EUR||-32%|
|Accounting Assistant||2,180 EUR||-57%|
|Accounting Associate||2,020 EUR||-61%|
|Accounting Clerk||1,670 EUR||-67%|
|Accounting Coordinator||2,450 EUR||-52%|
|Accounting Manager||5,640 EUR||+10%|
|Accounting Supervisor||3,960 EUR||-23%|
|Accounting Technician||1,920 EUR||-63%|
|Accounts Executive||3,450 EUR||-33%|
|Accounts Payable and Receivable Specialist||2,890 EUR||-44%|
|Accounts Payable Clerk||2,000 EUR||-61%|
|Accounts Payable Manager||5,390 EUR||+5%|
|Accounts Receivable Clerk||2,060 EUR||-60%|
|Accounts Receivable Manager||5,460 EUR||+6%|
|Assistant Accounting Manager||5,340 EUR||+4%|
|Assistant Auditor||2,640 EUR||-49%|
|Audit Supervisor||4,980 EUR||-3%|
|Auditing Clerk||2,140 EUR||-58%|
|Auditing Manager||5,990 EUR||+17%|
|Billing Coordinator||2,440 EUR||-52%|
|Billing Specialist||2,830 EUR||-45%|
|Billing Supervisor||4,160 EUR||-19%|
|Bookkeeping Specialist||2,620 EUR||-49%|
|Budget Analyst||4,810 EUR||-6%|
|Budget Manager||5,840 EUR||+14%|
|Business Support Analyst||2,980 EUR||-42%|
|Capital Markets Associate||4,230 EUR||-18%|
|Cash Flow Analyst||4,330 EUR||-16%|
|Cash Management Officer||3,070 EUR||-40%|
|Cashbook Clerk||1,780 EUR||-65%|
|Chartered Accountant||3,460 EUR||-33%|
|Collections Clerk||1,760 EUR||-66%|
|Collections Specialist||2,680 EUR||-48%|
|Corporate Treasurer||5,030 EUR||-2%|
|Cost Accountant||2,810 EUR||-45%|
|Cost Accounting Manager||5,300 EUR||+3%|
|Cost Analyst||4,320 EUR||-16%|
|Credit and Collection Manager||5,660 EUR||+10%|
|Credit and Collection Staff||2,120 EUR||-59%|
|Credit and Loans Officer||1,980 EUR||-61%|
|Credit Controller||3,920 EUR||-24%|
|Debt Adviser||4,720 EUR||-8%|
|Debt Collector||2,330 EUR||-55%|
|Debtors Clerk||1,850 EUR||-64%|
|Deputy CFO||7,230 EUR||+41%|
|Derivative Trader||4,930 EUR||-4%|
|Escrow Assistant||2,520 EUR||-51%|
|External Auditor||3,700 EUR||-28%|
|Finance Associate||2,510 EUR||-51%|
|Finance Executive||5,610 EUR||+9%|
|Finance Licensing Clerk||2,060 EUR||-60%|
|Finance Licensing Manager||5,010 EUR||-2%|
|Finance Licensing Specialist||2,880 EUR||-44%|
|Finance Officer||2,500 EUR||-51%|
|Finance President||7,900 EUR||+54%|
|Finance Relationship Manager||6,270 EUR||+22%|
|Finance Release Analyst||3,160 EUR||-38%|
|Finance Team Leader||6,130 EUR||+20%|
|Financial Actuary||4,400 EUR||-14%|
|Financial Administrator||4,760 EUR||-7%|
|Financial Analyst||5,130 EUR||+0%|
|Financial Applications Specialist||3,370 EUR||-34%|
|Financial Assistant||2,200 EUR||-57%|
|Financial Associate||2,240 EUR||-56%|
|Financial Claims Analyst||3,710 EUR||-28%|
|Financial Claims Manager||4,980 EUR||-3%|
|Financial Commercial Analyst||4,060 EUR||-21%|
|Financial Compliance Analyst||4,400 EUR||-14%|
|Financial Consultant||3,630 EUR||-29%|
|Financial Controller||4,400 EUR||-14%|
|Financial Coordinator||2,430 EUR||-53%|
|Financial Customer Service Manager||5,160 EUR||+1%|
|Financial Dealer and Broker||3,040 EUR||-41%|
|Financial Encoder||2,250 EUR||-56%|
|Financial Manager||8,090 EUR||+58%|
|Financial Operations Manager||7,030 EUR||+37%|
|Financial Policy Analyst||4,420 EUR||-14%|
|Financial Project Manager||5,500 EUR||+7%|
|Financial Quantitative Analyst||4,840 EUR||-6%|
|Financial Reporting Consultant||4,140 EUR||-19%|
|Financial Reporting Manager||5,450 EUR||+6%|
|Financial Services Sales Agent||2,890 EUR||-44%|
|Fixed Assets Administrator||2,870 EUR||-44%|
|Forensic Accountant||3,160 EUR||-38%|
|Fraud Detection Supervisor||3,530 EUR||-31%|
|Fraud Prevention Manager||5,350 EUR||+4%|
|Fund Accountant||2,550 EUR||-50%|
|Grants Coordinator||2,080 EUR||-59%|
|Internal Auditor||3,590 EUR||-30%|
|Internal Control Adviser||4,500 EUR||-12%|
|Internal Control Officer||2,290 EUR||-55%|
|Inventory Accountant||2,730 EUR||-47%|
|Investment Analyst||5,420 EUR||+6%|
|Investment Fund Manager||5,890 EUR||+15%|
|Investment Underwriter||2,280 EUR||-56%|
|Investor Relations Manager||5,280 EUR||+3%|
|KYC Team Leader||5,510 EUR||+7%|
|Management Economist||6,110 EUR||+19%|
|Payroll Clerk||2,380 EUR||-54%|
|Payroll Manager||5,070 EUR||-1%|
|Pensions Administrator||2,780 EUR||-46%|
|Pricing Analyst||4,600 EUR||-10%|
|Private Equity Analyst||4,650 EUR||-9%|
|Proposal Development Coordinator||2,330 EUR||-55%|
|Receivables Accountant||2,640 EUR||-49%|
|Regulatory Accountant||3,110 EUR||-39%|
|Retirement Plan Analyst||4,560 EUR||-11%|
|Revenue Management Specialist||4,350 EUR||-15%|
|Revenue Recognition Analyst||5,150 EUR||+0%|
|Risk Management Director||6,460 EUR||+26%|
|Risk Management Supervisor||5,390 EUR||+5%|
|Tax Accountant||2,570 EUR||-50%|
|Tax Advisor||4,150 EUR||-19%|
|Tax Associate||2,340 EUR||-54%|
|Tax Manager||5,650 EUR||+10%|
|Treasury Accountant||2,870 EUR||-44%|
|Treasury Analyst||4,650 EUR||-9%|
|Underwriting Assistant||1,780 EUR||-65%|
|Vice President of Finance||7,840 EUR||+53%|
|St. Polten||4,800 EUR|
|Wiener Neustadt||4,270 EUR|
Where can you get paid more, working for a private company or for the government? Public sector employees in Austria earn 7% more than their private sector counterparts on average across all sectors.