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Corporate Treasurer Average Salary in Russia 2020

How much money does a Corporate Treasurer make in Russia?


Average Monthly Salary
182,000 RUB
( 2,190,000 RUB yearly)

LOW
89,300
RUB
AVERAGE
182,000
RUB
HIGH
284,000
RUB

A person working as a Corporate Treasurer in Russia typically earns around 182,000 RUB per month. Salaries range from 89,300 RUB (lowest) to 284,000 RUB (highest).

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

Corporate Treasurer Salary Distribution in Russia

Median and salary distribution monthly Russia Corporate Treasurer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Corporate Treasurer salaries in Russia range from 89,300 RUB per month (minimum salary) to 284,000 RUB per month (maximum salary).

  • Median Salary

    The median salary is 186,000 RUB per month, which means that half (50%) of people working as Corporate Treasurer(s) are earning less than 186,000 RUB while the other half are earning more than 186,000 RUB. 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 Corporate Treasurer(s) are earning less than 124,000 RUB while 75% of them are earning more than 124,000 RUB. Also from the diagram, 75% of Corporate Treasurer(s) are earning less than 240,000 RUB while 25% are earning more than 240,000 RUB.


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

Corporate Treasurer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Russia Corporate Treasurer
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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 Corporate Treasurer salaries by experience level and this is what we found.

A Corporate Treasurer with less than two years of experience makes approximately 106,000 RUB per month.

While someone with an experience level between two and five years is expected to earn 136,000 RUB 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 188,000 RUB 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, Corporate Treasurer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 233,000 RUB 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 249,000 RUB 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 266,000 RUB per month, 7% more than people with fifteen to twenty years of experience.


Corporate Treasurer average salary change by experience in Russia

0 - 2 Years
106,000 RUB
2 - 5 Years+29%
136,000 RUB
5 - 10 Years+38%
188,000 RUB
10 - 15 Years+24%
233,000 RUB
15 - 20 Years+7%
249,000 RUB
20+ Years+7%
266,000 RUB
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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Corporate Treasurer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Corporate Treasurer(s) who have the same experience but different education levels.

Salary comparison by education level monthly Russia Corporate Treasurer
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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 Corporate Treasurer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Corporate Treasurer is 132,000 RUB per month.

While someone with a Certificate or Diploma gets a salary of 152,000 RUB per month, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 204,000 RUB 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 257,000 RUB per month, 26% more than someone with Bachelor's Degree.


Corporate Treasurer average salary difference by education level in Russia

High School
132,000 RUB
Certificate or Diploma+15%
152,000 RUB
Bachelor's Degree+35%
204,000 RUB
Master's Degree+26%
257,000 RUB
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 Russia costs anywhere from 523,000 Russian Ruble(s) to 1,570,000 Russian Ruble(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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Corporate Treasurer Salary Comparison By Gender

Salary comparison by gender monthly Russia Corporate Treasurer
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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 Corporate Treasurer employees in Russia earn 9% more than their female counterparts.

Female
173,000 RUB
Male+9%
189,000 RUB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Russia for all Careers

Salary comparison by gender monthly Russia
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Corporate Treasurer Average Annual Salary Increment Percentage in Russia

How much are annual salary increments in Russia for Corporate Treasurer(s)? How often do employees get salary raises?

Corporate Treasurer

Corporate Treasurer(s) in Russia are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Russia Corporate Treasurer
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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.

Russia / All Professions

Annual Salary Increment Rate Russia
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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 Russia is 6%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Russia 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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Corporate Treasurer Bonus and Incentive Rates in Russia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Russia Corporate Treasurer
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A Corporate Treasurer is considered to be a high 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.

17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
83%
No Bonus
17%

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 Russia
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Where can you get paid more, working for a private company or for the government? Public sector Corporate Treasurer employees in Russia earn 6% more than their private sector counterparts.

Private Sector
101,000 RUB
Public Sector+6%
108,000 RUB
Percentage increase and decrease are relative to the previous value

Corporate Treasurer Salary Trend and Forecast in Russia

How are Corporate Treasurer salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Russia Corporate Treasurer
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Average Salary 2016
162,000 RUB
Average Salary 2017+4%
168,000 RUB
Average Salary 2018+3%
172,000 RUB
Average Salary 2019+2%
176,000 RUB
Percentage increase and decrease are relative to the previous value

Corporate Treasurer salaries in Russia 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.

Corporate Treasurer Average Hourly Wage in Russia


1,050 RUB per hour

The average hourly wage (pay per hour) in Russia is 1,050 RUB. This means that the average Corporate Treasurer in Russia earns approximately 1,050 RUB 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.

Corporate Treasurer VS Other Jobs

Salary Comparison Between Corporate Treasurer and Accounting and Finance monthly Russia
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The average salary for Corporate Treasurer is 80% 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 Examiner59,900 RUB-67%
Account Executive99,100 RUB-46%
Accountant67,000 RUB-63%
Accounting Assistant63,100 RUB-65%
Accounting Associate67,800 RUB-63%
Accounting Clerk49,900 RUB-73%
Accounting Coordinator53,800 RUB-70%
Accounting Manager135,000 RUB-26%
Accounting Supervisor90,200 RUB-50%
Accounting Technician60,300 RUB-67%
Accounts Executive84,900 RUB-53%
Accounts Payable and Receivable Specialist77,200 RUB-58%
Accounts Payable Clerk51,700 RUB-72%
Accounts Payable Manager102,000 RUB-44%
Accounts Receivable Clerk53,100 RUB-71%
Accounts Receivable Manager115,000 RUB-37%
Assistant Accounting Manager82,300 RUB-55%
Assistant Auditor76,100 RUB-58%
Audit Supervisor137,000 RUB-25%
Auditing Clerk68,900 RUB-62%
Auditing Manager131,000 RUB-28%
Billing Coordinator78,800 RUB-57%
Billing Specialist75,400 RUB-59%
Billing Supervisor94,300 RUB-48%
Bookkeeper51,000 RUB-72%
Bookkeeping Specialist68,900 RUB-62%
Budget Analyst77,300 RUB-58%
Budget Manager122,000 RUB-33%
Business Support Analyst92,900 RUB-49%
Capital Markets Associate109,000 RUB-40%
Cash Flow Analyst101,000 RUB-45%
Cash Management Officer90,700 RUB-50%
Cashbook Clerk62,100 RUB-66%
Chartered Accountant90,200 RUB-50%
Collections Clerk52,200 RUB-71%
Collections Specialist69,000 RUB-62%
Corporate Treasurer182,000 RUB-0%
Cost Accountant82,100 RUB-55%
Cost Accounting Manager108,000 RUB-41%
Cost Analyst99,900 RUB-45%
Credit and Collection Manager118,000 RUB-35%
Credit and Collection Staff54,300 RUB-70%
Credit and Loans Officer55,000 RUB-70%
Credit Controller97,600 RUB-46%
Debt Adviser125,000 RUB-31%
Debt Collector86,500 RUB-53%
Debtors Clerk73,300 RUB-60%
Deputy CFO170,000 RUB-7%
Derivative Trader133,000 RUB-27%
Escrow Assistant82,900 RUB-54%
External Auditor105,000 RUB-42%
Finance Associate72,700 RUB-60%
Finance Executive168,000 RUB-8%
Finance Licensing Clerk60,500 RUB-67%
Finance Licensing Manager105,000 RUB-42%
Finance Licensing Specialist80,800 RUB-56%
Finance Officer118,000 RUB-35%
Finance President203,000 RUB+11%
Finance Relationship Manager144,000 RUB-21%
Finance Release Analyst89,900 RUB-51%
Finance Team Leader 104,000 RUB-43%
Financial Actuary99,300 RUB-45%
Financial Administrator81,500 RUB-55%
Financial Analyst101,000 RUB-45%
Financial Applications Specialist64,900 RUB-64%
Financial Assistant63,700 RUB-65%
Financial Associate71,000 RUB-61%
Financial Claims Analyst96,100 RUB-47%
Financial Claims Manager107,000 RUB-41%
Financial Commercial Analyst85,600 RUB-53%
Financial Compliance Analyst105,000 RUB-42%
Financial Consultant98,100 RUB-46%
Financial Controller95,500 RUB-48%
Financial Coordinator83,200 RUB-54%
Financial Customer Service Manager123,000 RUB-32%
Financial Dealer and Broker88,600 RUB-51%
Financial Encoder55,200 RUB-70%
Financial Manager201,000 RUB+10%
Financial Operations Manager146,000 RUB-20%
Financial Policy Analyst101,000 RUB-45%
Financial Project Manager96,900 RUB-47%
Financial Quantitative Analyst113,000 RUB-38%
Financial Reporting Consultant98,700 RUB-46%
Financial Reporting Manager123,000 RUB-32%
Financial Services Sales Agent90,000 RUB-51%
Fixed Assets Administrator81,800 RUB-55%
Forensic Accountant81,300 RUB-55%
Fraud Detection Supervisor93,900 RUB-48%
Fraud Prevention Manager140,000 RUB-23%
Fund Accountant70,500 RUB-61%
Grants Coordinator64,000 RUB-65%
Internal Auditor104,000 RUB-43%
Internal Control Adviser105,000 RUB-42%
Internal Control Officer87,000 RUB-52%
Inventory Accountant164,000 RUB-10%
Investment Analyst131,000 RUB-28%
Investment Fund Manager132,000 RUB-28%
Investment Underwriter57,800 RUB-68%
Investor95,700 RUB-47%
Investor Relations Manager125,000 RUB-31%
KYC Team Leader115,000 RUB-37%
Management Economist111,000 RUB-39%
Paymaster74,400 RUB-59%
Payroll Clerk57,800 RUB-68%
Payroll Manager96,300 RUB-47%
Pensions Administrator77,500 RUB-57%
Pricing Analyst105,000 RUB-42%
Private Equity Analyst110,000 RUB-40%
Proposal Development Coordinator76,200 RUB-58%
Receivables Accountant64,100 RUB-65%
Regulatory Accountant75,700 RUB-58%
Retirement Plan Analyst103,000 RUB-43%
Revenue Management Specialist84,500 RUB-54%
Revenue Recognition Analyst128,000 RUB-30%
Risk Management Director150,000 RUB-18%
Risk Management Supervisor124,000 RUB-32%
Tax Accountant70,800 RUB-61%
Tax Advisor102,000 RUB-44%
Tax Associate74,100 RUB-59%
Tax Manager146,000 RUB-20%
Teller43,800 RUB-76%
Treasury Accountant76,000 RUB-58%
Treasury Analyst110,000 RUB-40%
Underwriter59,900 RUB-67%
Underwriting Assistant53,700 RUB-71%
Vice President of Finance145,000 RUB-20%

Salary Comparison By City

CityAverage Salary
Chelyabinsk182,000 RUB
Izhevsk158,000 RUB
Kazan199,000 RUB
Krasnodar172,000 RUB
Krasnoyarsk176,000 RUB
Moscow213,000 RUB
Nizhny Novgorod200,000 RUB
Omsk186,000 RUB
Rostov-on-Don181,000 RUB
Saint Petersburg195,000 RUB
Samara174,000 RUB
Saratov171,000 RUB
Volgograd163,000 RUB
Yekaterinburg209,000 RUB
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