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Financial Analyst Average Salary in Portugal 2020

How much money does a Financial Analyst make in Portugal?


Average Monthly Salary
4,900 EUR
( 58,800 EUR yearly)

LOW
2,400
EUR
AVERAGE
4,900
EUR
HIGH
7,640
EUR

A person working as a Financial Analyst in Portugal typically earns around 4,900 EUR per month. Salaries range from 2,400 EUR (lowest) to 7,640 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 Portugal

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

  • Salary Range

    Financial Analyst salaries in Portugal range from 2,400 EUR per month (minimum salary) to 7,640 EUR per month (maximum salary).

  • Median Salary

    The median salary is 5,000 EUR per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 5,000 EUR while the other half are earning more than 5,000 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 3,330 EUR while 75% of them are earning more than 3,330 EUR. Also from the diagram, 75% of Financial Analyst(s) are earning less than 6,450 EUR while 25% are earning more than 6,450 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 Portugal 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 2,850 EUR per month.

While someone with an experience level between two and five years is expected to earn 3,660 EUR per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 5,050 EUR per month, 38% 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 6,260 EUR per month, 24% 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 6,700 EUR per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 7,150 EUR per month, 7% more than people with fifteen to twenty years of experience.


Financial Analyst average salary change by experience in Portugal

0 - 2 Years
2,850 EUR
2 - 5 Years+29%
3,660 EUR
5 - 10 Years+38%
5,050 EUR
10 - 15 Years+24%
6,260 EUR
15 - 20 Years+7%
6,700 EUR
20+ Years+7%
7,150 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 Portugal 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 3,550 EUR per month.

While someone with a Certificate or Diploma gets a salary of 4,080 EUR per month, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 5,490 EUR per month, 35% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 6,910 EUR per month, 26% more than someone with Bachelor's Degree.


Financial Analyst average salary difference by education level in Portugal

High School
3,550 EUR
Certificate or Diploma+15%
4,080 EUR
Bachelor's Degree+35%
5,490 EUR
Master's Degree+26%
6,910 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 Portugal costs anywhere from 24,300 Euro(s) to 72,800 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.


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 Portugal 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 Portugal earn 6% more than their female counterparts.

Female
4,750 EUR
Male+6%
5,020 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Portugal for all Careers

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

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

Financial Analyst

Financial Analyst(s) in Portugal are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Portugal 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.

Portugal / All Professions

Annual Salary Increment Rate Portugal
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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 Portugal is 7%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Portugal 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 Portugal

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

44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% 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
56%
No Bonus
44%

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 Portugal
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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 Portugal earn 6% more than their private sector counterparts.

Private Sector
4,730 EUR
Public Sector+6%
5,010 EUR
Percentage increase and decrease are relative to the previous value

Financial Analyst Salary Trend and Forecast in Portugal

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 Portugal Financial Analyst
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Average Salary 2016
4,350 EUR
Average Salary 2017+4%
4,510 EUR
Average Salary 2018+3%
4,640 EUR
Average Salary 2019+2%
4,730 EUR
Percentage increase and decrease are relative to the previous value

Financial Analyst salaries in Portugal are on the rise in the year 2020 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 continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Financial Analyst Average Hourly Wage in Portugal


28 EUR per hour

The average hourly wage (pay per hour) in Portugal is 28 EUR. This means that the average Financial Analyst in Portugal earns approximately 28 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 Portugal
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The average salary for Financial Analyst is 4% 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 Examiner2,910 EUR-41%
Account Executive4,470 EUR-9%
Accountant3,160 EUR-36%
Accounting Assistant2,960 EUR-40%
Accounting Associate3,070 EUR-37%
Accounting Clerk2,330 EUR-52%
Accounting Coordinator2,610 EUR-47%
Accounting Manager6,270 EUR+28%
Accounting Supervisor4,470 EUR-9%
Accounting Technician2,730 EUR-44%
Accounts Executive4,140 EUR-16%
Accounts Payable and Receivable Specialist3,790 EUR-23%
Accounts Payable Clerk2,390 EUR-51%
Accounts Payable Manager4,710 EUR-4%
Accounts Receivable Clerk2,680 EUR-45%
Accounts Receivable Manager5,240 EUR+7%
Assistant Accounting Manager3,800 EUR-22%
Assistant Auditor3,590 EUR-27%
Audit Supervisor6,060 EUR+24%
Auditing Clerk3,060 EUR-38%
Auditing Manager6,330 EUR+29%
Billing Coordinator3,680 EUR-25%
Billing Specialist3,570 EUR-27%
Billing Supervisor4,470 EUR-9%
Bookkeeper2,410 EUR-51%
Bookkeeping Specialist3,120 EUR-36%
Budget Analyst3,630 EUR-26%
Budget Manager5,710 EUR+17%
Business Support Analyst4,380 EUR-11%
Capital Markets Associate5,030 EUR+3%
Cash Flow Analyst4,690 EUR-4%
Cash Management Officer4,170 EUR-15%
Cashbook Clerk2,960 EUR-40%
Chartered Accountant4,130 EUR-16%
Collections Clerk2,290 EUR-53%
Collections Specialist3,080 EUR-37%
Corporate Treasurer8,130 EUR+66%
Cost Accountant3,830 EUR-22%
Cost Accounting Manager4,810 EUR-2%
Cost Analyst4,870 EUR-1%
Credit and Collection Manager5,530 EUR+13%
Credit and Collection Staff2,750 EUR-44%
Credit and Loans Officer2,670 EUR-46%
Credit Controller4,490 EUR-8%
Debt Adviser5,680 EUR+16%
Debt Collector3,900 EUR-20%
Debtors Clerk3,440 EUR-30%
Deputy CFO7,870 EUR+61%
Derivative Trader6,620 EUR+35%
Escrow Assistant3,610 EUR-26%
External Auditor4,540 EUR-7%
Finance Associate3,440 EUR-30%
Finance Executive7,280 EUR+49%
Finance Licensing Clerk2,790 EUR-43%
Finance Licensing Manager4,820 EUR-2%
Finance Licensing Specialist3,700 EUR-24%
Finance Officer5,420 EUR+11%
Finance President8,890 EUR+81%
Finance Relationship Manager6,700 EUR+37%
Finance Release Analyst4,240 EUR-13%
Finance Team Leader 5,050 EUR+3%
Financial Actuary4,540 EUR-7%
Financial Administrator3,980 EUR-19%
Financial Analyst4,900 EUR=
Financial Applications Specialist3,200 EUR-35%
Financial Assistant2,830 EUR-42%
Financial Associate3,540 EUR-28%
Financial Claims Analyst4,380 EUR-11%
Financial Claims Manager4,830 EUR-1%
Financial Commercial Analyst4,030 EUR-18%
Financial Compliance Analyst4,680 EUR-4%
Financial Consultant4,490 EUR-8%
Financial Controller4,220 EUR-14%
Financial Coordinator4,060 EUR-17%
Financial Customer Service Manager5,350 EUR+9%
Financial Dealer and Broker4,300 EUR-12%
Financial Encoder2,740 EUR-44%
Financial Manager9,030 EUR+84%
Financial Operations Manager6,530 EUR+33%
Financial Policy Analyst4,500 EUR-8%
Financial Project Manager4,300 EUR-12%
Financial Quantitative Analyst5,090 EUR+4%
Financial Reporting Consultant4,650 EUR-5%
Financial Reporting Manager5,470 EUR+12%
Financial Services Sales Agent3,990 EUR-19%
Fixed Assets Administrator3,670 EUR-25%
Forensic Accountant3,780 EUR-23%
Fraud Detection Supervisor4,490 EUR-8%
Fraud Prevention Manager6,680 EUR+36%
Fund Accountant3,340 EUR-32%
Grants Coordinator2,900 EUR-41%
Internal Auditor4,950 EUR+1%
Internal Control Adviser5,040 EUR+3%
Internal Control Officer4,140 EUR-16%
Inventory Accountant7,530 EUR+54%
Investment Analyst6,160 EUR+26%
Investment Fund Manager5,990 EUR+22%
Investment Underwriter2,900 EUR-41%
Investor4,270 EUR-13%
Investor Relations Manager5,540 EUR+13%
KYC Team Leader5,410 EUR+10%
Management Economist4,930 EUR+1%
Paymaster3,510 EUR-28%
Payroll Clerk2,620 EUR-47%
Payroll Manager4,800 EUR-2%
Pensions Administrator3,440 EUR-30%
Pricing Analyst5,220 EUR+7%
Private Equity Analyst5,300 EUR+8%
Proposal Development Coordinator3,380 EUR-31%
Receivables Accountant2,960 EUR-40%
Regulatory Accountant3,660 EUR-25%
Retirement Plan Analyst4,910 EUR+0%
Revenue Management Specialist4,020 EUR-18%
Revenue Recognition Analyst5,900 EUR+20%
Risk Management Director7,280 EUR+49%
Risk Management Supervisor5,440 EUR+11%
Tax Accountant3,350 EUR-32%
Tax Advisor4,670 EUR-5%
Tax Associate3,490 EUR-29%
Tax Manager7,020 EUR+43%
Teller2,090 EUR-57%
Treasury Accountant3,550 EUR-28%
Treasury Analyst5,000 EUR+2%
Underwriter2,660 EUR-46%
Underwriting Assistant2,620 EUR-47%
Vice President of Finance6,920 EUR+41%

Salary Comparison By City

CityAverage Salary
Funchal4,600 EUR
Lisbon5,480 EUR
Porto5,090 EUR
2292 - 2

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