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Financial Analyst Average Salary in Portugal 2020

How much money does a Financial Analyst make in Portugal?


Average Monthly Salary
3,440 EUR
( 41,300 EUR yearly)

LOW
1,690
EUR
AVERAGE
3,440
EUR
HIGH
5,370
EUR

A person working as a Financial Analyst in Portugal typically earns around 3,440 EUR per month. Salaries range from 1,690 EUR (lowest) to 5,370 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 1,690 EUR per month (minimum salary) to 5,370 EUR per month (maximum salary).

  • Median Salary

    The median salary is 3,510 EUR per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 3,510 EUR while the other half are earning more than 3,510 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 2,340 EUR while 75% of them are earning more than 2,340 EUR. Also from the diagram, 75% of Financial Analyst(s) are earning less than 4,530 EUR while 25% are earning more than 4,530 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 2,000 EUR per month.

While someone with an experience level between two and five years is expected to earn 2,570 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 3,550 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 4,390 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 4,710 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 5,020 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
2,000 EUR
2 - 5 Years+29%
2,570 EUR
5 - 10 Years+38%
3,550 EUR
10 - 15 Years+24%
4,390 EUR
15 - 20 Years+7%
4,710 EUR
20+ Years+7%
5,020 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 2,500 EUR per month.

While someone with a Certificate or Diploma gets a salary of 2,860 EUR per month, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 3,860 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 4,850 EUR per month, 26% more than someone with Bachelor's Degree.


Financial Analyst average salary difference by education level in Portugal

High School
2,500 EUR
Certificate or Diploma+15%
2,860 EUR
Bachelor's Degree+35%
3,860 EUR
Master's Degree+26%
4,850 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 13,800 Euro(s) to 41,300 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 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 on average.

Female
3,340 EUR
Male+6%
3,530 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 13% 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

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.

43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% 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
57%
No Bonus
43%

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 employees in Portugal earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
2,680 EUR
Public Sector+6%
2,840 EUR
Percentage increase and decrease are relative to the previous value

Financial Analyst Average Hourly Wage in Portugal


20 EUR per hour

The average hourly wage (pay per hour) in Portugal is 20 EUR. This means that the average Financial Analyst in Portugal earns approximately 20 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 23% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner1,430 EUR-58%
Account Executive2,420 EUR-30%
Accountant1,840 EUR-47%
Accounting Assistant1,410 EUR-59%
Accounting Associate1,320 EUR-62%
Accounting Clerk1,140 EUR-67%
Accounting Coordinator1,710 EUR-50%
Accounting Manager4,100 EUR+19%
Accounting Supervisor2,660 EUR-23%
Accounting Technician1,260 EUR-63%
Accounts Executive2,510 EUR-27%
Accounts Payable and Receivable Specialist1,980 EUR-42%
Accounts Payable Clerk1,400 EUR-59%
Accounts Payable Manager3,620 EUR+5%
Accounts Receivable Clerk1,460 EUR-58%
Accounts Receivable Manager3,730 EUR+8%
Assistant Accounting Manager3,370 EUR-2%
Assistant Auditor1,960 EUR-43%
Audit Supervisor3,410 EUR-1%
Auditing Clerk1,470 EUR-57%
Auditing Manager3,870 EUR+12%
Billing Coordinator1,670 EUR-51%
Billing Specialist1,980 EUR-42%
Billing Supervisor2,900 EUR-16%
Bookkeeper1,220 EUR-65%
Bookkeeping Specialist1,720 EUR-50%
Budget Analyst3,100 EUR-10%
Budget Manager4,000 EUR+16%
Business Support Analyst2,210 EUR-36%
Capital Markets Associate2,950 EUR-14%
Cash Flow Analyst2,850 EUR-17%
Cash Management Officer2,060 EUR-40%
Cashbook Clerk1,300 EUR-62%
Chartered Accountant2,460 EUR-29%
Collections Clerk1,110 EUR-68%
Collections Specialist1,910 EUR-44%
Corporate Treasurer3,590 EUR+4%
Cost Accountant1,920 EUR-44%
Cost Accounting Manager3,630 EUR+5%
Cost Analyst3,130 EUR-9%
Credit and Collection Manager3,870 EUR+12%
Credit and Collection Staff1,510 EUR-56%
Credit and Loans Officer1,380 EUR-60%
Credit Controller2,630 EUR-24%
Debt Adviser3,100 EUR-10%
Debt Collector1,470 EUR-57%
Debtors Clerk1,320 EUR-62%
Deputy CFO5,050 EUR+47%
Derivative Trader3,310 EUR-4%
Escrow Assistant1,620 EUR-53%
External Auditor2,530 EUR-26%
Finance Associate1,590 EUR-54%
Finance Executive3,840 EUR+12%
Finance Licensing Clerk1,300 EUR-62%
Finance Licensing Manager3,720 EUR+8%
Finance Licensing Specialist2,050 EUR-40%
Finance Officer1,860 EUR-46%
Finance President5,290 EUR+54%
Finance Relationship Manager4,550 EUR+32%
Finance Release Analyst2,120 EUR-38%
Finance Team Leader 4,280 EUR+24%
Financial Actuary2,840 EUR-17%
Financial Administrator3,130 EUR-9%
Financial Analyst3,440 EUR-0%
Financial Applications Specialist2,400 EUR-30%
Financial Assistant1,500 EUR-56%
Financial Associate1,560 EUR-55%
Financial Claims Analyst2,540 EUR-26%
Financial Claims Manager3,270 EUR-5%
Financial Commercial Analyst2,730 EUR-21%
Financial Compliance Analyst3,010 EUR-13%
Financial Consultant2,590 EUR-25%
Financial Controller2,890 EUR-16%
Financial Coordinator1,770 EUR-49%
Financial Customer Service Manager3,320 EUR-4%
Financial Dealer and Broker2,120 EUR-38%
Financial Encoder1,670 EUR-51%
Financial Manager5,110 EUR+49%
Financial Operations Manager4,710 EUR+37%
Financial Policy Analyst2,850 EUR-17%
Financial Project Manager3,760 EUR+9%
Financial Quantitative Analyst3,250 EUR-6%
Financial Reporting Consultant2,780 EUR-19%
Financial Reporting Manager3,510 EUR+2%
Financial Services Sales Agent1,980 EUR-42%
Fixed Assets Administrator1,920 EUR-44%
Forensic Accountant2,300 EUR-33%
Fraud Detection Supervisor2,410 EUR-30%
Fraud Prevention Manager3,890 EUR+13%
Fund Accountant1,780 EUR-48%
Grants Coordinator1,360 EUR-60%
Internal Auditor2,610 EUR-24%
Internal Control Adviser3,080 EUR-10%
Internal Control Officer1,660 EUR-52%
Inventory Accountant2,020 EUR-41%
Investment Analyst3,850 EUR+12%
Investment Fund Manager4,030 EUR+17%
Investment Underwriter1,650 EUR-52%
Investor2,380 EUR-31%
Investor Relations Manager3,610 EUR+5%
KYC Team Leader3,550 EUR+3%
Management Economist4,180 EUR+21%
Paymaster1,520 EUR-56%
Payroll Clerk1,560 EUR-55%
Payroll Manager3,540 EUR+3%
Pensions Administrator1,900 EUR-45%
Pricing Analyst3,210 EUR-7%
Private Equity Analyst3,450 EUR+0%
Proposal Development Coordinator1,600 EUR-54%
Receivables Accountant1,670 EUR-51%
Regulatory Accountant2,080 EUR-40%
Retirement Plan Analyst3,120 EUR-9%
Revenue Management Specialist3,160 EUR-8%
Revenue Recognition Analyst3,450 EUR+0%
Risk Management Director4,510 EUR+31%
Risk Management Supervisor3,620 EUR+5%
Tax Accountant1,790 EUR-48%
Tax Advisor2,950 EUR-14%
Tax Associate1,570 EUR-54%
Tax Manager4,020 EUR+17%
Teller1,110 EUR-68%
Treasury Accountant1,970 EUR-43%
Treasury Analyst3,180 EUR-8%
Underwriter1,280 EUR-63%
Underwriting Assistant1,290 EUR-63%
Vice President of Finance5,370 EUR+56%

Salary Comparison By City

CityAverage Salary
Funchal3,230 EUR
Lisbon3,840 EUR
Porto3,570 EUR
2292 - 2

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