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Financial Analyst Average Salary in Austria 2020

How much money does a Financial Analyst make in Austria?


Average Monthly Salary
4,170 EUR
( 50,100 EUR yearly)

LOW
2,000
EUR
AVERAGE
4,170
EUR
HIGH
6,550
EUR

A person working as a Financial Analyst in Austria typically earns around 4,170 EUR per month. Salaries range from 2,000 EUR (lowest) to 6,550 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 Salary Distribution in Austria

Median and salary distribution monthly Austria Financial Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    Financial Analyst salaries in Austria range from 2,000 EUR per month (minimum salary) to 6,550 EUR per month (maximum salary).

  • Median Salary

    The median salary is 4,340 EUR per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 4,340 EUR while the other half are earning more than 4,340 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 2,860 EUR while 75% of them are earning more than 2,860 EUR. Also from the diagram, 75% of Financial Analyst(s) are earning less than 5,670 EUR while 25% are earning more than 5,670 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 monthly Austria 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 2,340 EUR per month.

While someone with an experience level between two and five years is expected to earn 3,320 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 4,370 EUR per month, 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 5,370 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 5,710 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 6,260 EUR per month, 10% more than people with fifteen to twenty years of experience.


Financial Analyst average salary change by experience in Austria

0 - 2 Years
2,340 EUR
2 - 5 Years+42%
3,320 EUR
5 - 10 Years+31%
4,370 EUR
10 - 15 Years+23%
5,370 EUR
15 - 20 Years+6%
5,710 EUR
20+ Years+10%
6,260 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 monthly Austria 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 2,910 EUR per month.

While someone with a Certificate or Diploma gets a salary of 3,370 EUR per month, 16% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 4,920 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 6,050 EUR per month, 23% more than someone with Bachelor's Degree.


Financial Analyst average salary difference by education level in Austria

High School
2,910 EUR
Certificate or Diploma+16%
3,370 EUR
Bachelor's Degree+46%
4,920 EUR
Master's Degree+23%
6,050 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 Austria costs anywhere from 19,100 Euro(s) to 57,300 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 monthly Austria 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 Austria earn 4% more than their female counterparts.

Female
4,090 EUR
Male+4%
4,270 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Austria for all Careers

Salary comparison by gender monthly Austria
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Financial Analyst Average Annual Salary Increment Percentage in Austria

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

Financial Analyst

Financial Analyst(s) in Austria are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Austria 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.

Austria / All Professions

Annual Salary Increment Rate Austria
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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 Austria is 2%.

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 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.


Worldwide Salary Raises: All Countries and All Jobs

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Financial Analyst Bonus and Incentive Rates in Austria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Austria 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.

61% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 39% 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
39%
No Bonus
61%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Austria
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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 Austria earn 7% more than their private sector counterparts.

Private Sector
3,670 EUR
Public Sector+7%
3,930 EUR
Percentage increase and decrease are relative to the previous value

Financial Analyst Salary Trend and Forecast in Austria

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 monthly Austria Financial Analyst
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Average Salary 2016
3,740 EUR
Average Salary 2017+4%
3,880 EUR
Average Salary 2018+3%
4,000 EUR
Average Salary 2019+3%
4,100 EUR
Percentage increase and decrease are relative to the previous value

Financial Analyst salaries in Austria are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% 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 Austria


24 EUR per hour

The average hourly wage (pay per hour) in Austria is 24 EUR. This means that the average Financial Analyst in Austria earns approximately 24 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 monthly Austria
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The average salary for Financial Analyst is 13% 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 Examiner2,380 EUR-43%
Account Executive3,660 EUR-12%
Accountant2,690 EUR-36%
Accounting Assistant2,620 EUR-37%
Accounting Associate2,670 EUR-36%
Accounting Clerk1,940 EUR-54%
Accounting Coordinator2,140 EUR-49%
Accounting Manager4,930 EUR+18%
Accounting Supervisor3,810 EUR-9%
Accounting Technician2,370 EUR-43%
Accounts Executive3,260 EUR-22%
Accounts Payable and Receivable Specialist3,160 EUR-24%
Accounts Payable Clerk1,950 EUR-53%
Accounts Payable Manager4,010 EUR-4%
Accounts Receivable Clerk2,160 EUR-48%
Accounts Receivable Manager4,370 EUR+5%
Assistant Accounting Manager3,440 EUR-18%
Assistant Auditor2,770 EUR-34%
Audit Supervisor5,060 EUR+21%
Auditing Clerk2,560 EUR-39%
Auditing Manager5,610 EUR+34%
Billing Coordinator3,070 EUR-26%
Billing Specialist2,920 EUR-30%
Billing Supervisor3,660 EUR-12%
Bookkeeper2,050 EUR-51%
Bookkeeping Specialist2,710 EUR-35%
Budget Analyst3,220 EUR-23%
Budget Manager4,770 EUR+14%
Business Support Analyst3,370 EUR-19%
Capital Markets Associate4,120 EUR-1%
Cash Flow Analyst4,070 EUR-2%
Cash Management Officer3,550 EUR-15%
Cashbook Clerk2,320 EUR-44%
Chartered Accountant3,310 EUR-21%
Collections Clerk2,070 EUR-50%
Collections Specialist2,470 EUR-41%
Corporate Treasurer6,520 EUR+56%
Cost Accountant3,200 EUR-23%
Cost Accounting Manager4,020 EUR-4%
Cost Analyst3,840 EUR-8%
Credit and Collection Manager4,620 EUR+11%
Credit and Collection Staff2,210 EUR-47%
Credit and Loans Officer2,190 EUR-48%
Credit Controller3,820 EUR-8%
Debt Adviser4,940 EUR+18%
Debt Collector3,520 EUR-16%
Debtors Clerk2,760 EUR-34%
Deputy CFO6,440 EUR+54%
Derivative Trader5,640 EUR+35%
Escrow Assistant3,200 EUR-23%
External Auditor3,790 EUR-9%
Finance Associate3,110 EUR-25%
Finance Executive6,080 EUR+46%
Finance Licensing Clerk2,530 EUR-39%
Finance Licensing Manager3,710 EUR-11%
Finance Licensing Specialist2,970 EUR-29%
Finance Officer4,170 EUR-0%
Finance President7,580 EUR+82%
Finance Relationship Manager5,270 EUR+26%
Finance Release Analyst3,610 EUR-14%
Finance Team Leader 4,130 EUR-1%
Financial Actuary4,030 EUR-3%
Financial Administrator3,460 EUR-17%
Financial Analyst4,170 EUR-0%
Financial Applications Specialist2,570 EUR-38%
Financial Assistant2,360 EUR-43%
Financial Associate2,900 EUR-31%
Financial Claims Analyst3,650 EUR-13%
Financial Claims Manager4,200 EUR+1%
Financial Commercial Analyst3,440 EUR-18%
Financial Compliance Analyst3,910 EUR-6%
Financial Consultant3,600 EUR-14%
Financial Controller3,670 EUR-12%
Financial Coordinator3,190 EUR-24%
Financial Customer Service Manager4,750 EUR+14%
Financial Dealer and Broker3,520 EUR-16%
Financial Encoder2,110 EUR-49%
Financial Manager8,170 EUR+96%
Financial Operations Manager5,570 EUR+33%
Financial Policy Analyst3,990 EUR-4%
Financial Project Manager3,590 EUR-14%
Financial Quantitative Analyst4,330 EUR+4%
Financial Reporting Consultant3,960 EUR-5%
Financial Reporting Manager4,850 EUR+16%
Financial Services Sales Agent3,330 EUR-20%
Fixed Assets Administrator3,120 EUR-25%
Forensic Accountant2,970 EUR-29%
Fraud Detection Supervisor3,750 EUR-10%
Fraud Prevention Manager5,250 EUR+26%
Fund Accountant2,740 EUR-34%
Grants Coordinator2,520 EUR-40%
Internal Auditor3,890 EUR-7%
Internal Control Adviser4,210 EUR+1%
Internal Control Officer3,250 EUR-22%
Inventory Accountant5,800 EUR+39%
Investment Analyst4,950 EUR+19%
Investment Fund Manager5,010 EUR+20%
Investment Underwriter2,280 EUR-45%
Investor3,790 EUR-9%
Investor Relations Manager4,630 EUR+11%
KYC Team Leader4,800 EUR+15%
Management Economist4,120 EUR-1%
Paymaster2,990 EUR-28%
Payroll Clerk2,280 EUR-45%
Payroll Manager3,930 EUR-6%
Pensions Administrator2,870 EUR-31%
Pricing Analyst4,270 EUR+2%
Private Equity Analyst4,080 EUR-2%
Proposal Development Coordinator2,820 EUR-32%
Receivables Accountant2,680 EUR-36%
Regulatory Accountant3,120 EUR-25%
Retirement Plan Analyst4,100 EUR-2%
Revenue Management Specialist3,160 EUR-24%
Revenue Recognition Analyst5,030 EUR+21%
Risk Management Director5,960 EUR+43%
Risk Management Supervisor4,640 EUR+11%
Tax Accountant2,740 EUR-34%
Tax Advisor3,750 EUR-10%
Tax Associate2,980 EUR-29%
Tax Manager5,640 EUR+35%
Teller1,810 EUR-57%
Treasury Accountant2,960 EUR-29%
Treasury Analyst4,170 EUR-0%
Underwriter2,220 EUR-47%
Underwriting Assistant2,060 EUR-51%
Vice President of Finance5,780 EUR+38%

Salary Comparison By City

CityAverage Salary
Dornbirn3,870 EUR
Graz4,530 EUR
Innsbruck4,030 EUR
Klagenfurt4,000 EUR
Linz4,070 EUR
Salzburg4,050 EUR
St. Polten3,910 EUR
Vienna4,560 EUR
Villach3,970 EUR
Wels3,940 EUR
Wiener Neustadt3,470 EUR
3263 - 5

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