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 salaries in Russia range from 89,300 RUB per month (minimum salary) to 284,000 RUB per month (maximum 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.
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.
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 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.
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.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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.
|Certificate or Diploma||+15%|
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.
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.
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.
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 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.
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.
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.
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.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+2%|
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.
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 Corporate Treasurer is 80% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||59,900 RUB||-67%|
|Account Executive||99,100 RUB||-46%|
|Accounting Assistant||63,100 RUB||-65%|
|Accounting Associate||67,800 RUB||-63%|
|Accounting Clerk||49,900 RUB||-73%|
|Accounting Coordinator||53,800 RUB||-70%|
|Accounting Manager||135,000 RUB||-26%|
|Accounting Supervisor||90,200 RUB||-50%|
|Accounting Technician||60,300 RUB||-67%|
|Accounts Executive||84,900 RUB||-53%|
|Accounts Payable and Receivable Specialist||77,200 RUB||-58%|
|Accounts Payable Clerk||51,700 RUB||-72%|
|Accounts Payable Manager||102,000 RUB||-44%|
|Accounts Receivable Clerk||53,100 RUB||-71%|
|Accounts Receivable Manager||115,000 RUB||-37%|
|Assistant Accounting Manager||82,300 RUB||-55%|
|Assistant Auditor||76,100 RUB||-58%|
|Audit Supervisor||137,000 RUB||-25%|
|Auditing Clerk||68,900 RUB||-62%|
|Auditing Manager||131,000 RUB||-28%|
|Billing Coordinator||78,800 RUB||-57%|
|Billing Specialist||75,400 RUB||-59%|
|Billing Supervisor||94,300 RUB||-48%|
|Bookkeeping Specialist||68,900 RUB||-62%|
|Budget Analyst||77,300 RUB||-58%|
|Budget Manager||122,000 RUB||-33%|
|Business Support Analyst||92,900 RUB||-49%|
|Capital Markets Associate||109,000 RUB||-40%|
|Cash Flow Analyst||101,000 RUB||-45%|
|Cash Management Officer||90,700 RUB||-50%|
|Cashbook Clerk||62,100 RUB||-66%|
|Chartered Accountant||90,200 RUB||-50%|
|Collections Clerk||52,200 RUB||-71%|
|Collections Specialist||69,000 RUB||-62%|
|Corporate Treasurer||182,000 RUB||-0%|
|Cost Accountant||82,100 RUB||-55%|
|Cost Accounting Manager||108,000 RUB||-41%|
|Cost Analyst||99,900 RUB||-45%|
|Credit and Collection Manager||118,000 RUB||-35%|
|Credit and Collection Staff||54,300 RUB||-70%|
|Credit and Loans Officer||55,000 RUB||-70%|
|Credit Controller||97,600 RUB||-46%|
|Debt Adviser||125,000 RUB||-31%|
|Debt Collector||86,500 RUB||-53%|
|Debtors Clerk||73,300 RUB||-60%|
|Deputy CFO||170,000 RUB||-7%|
|Derivative Trader||133,000 RUB||-27%|
|Escrow Assistant||82,900 RUB||-54%|
|External Auditor||105,000 RUB||-42%|
|Finance Associate||72,700 RUB||-60%|
|Finance Executive||168,000 RUB||-8%|
|Finance Licensing Clerk||60,500 RUB||-67%|
|Finance Licensing Manager||105,000 RUB||-42%|
|Finance Licensing Specialist||80,800 RUB||-56%|
|Finance Officer||118,000 RUB||-35%|
|Finance President||203,000 RUB||+11%|
|Finance Relationship Manager||144,000 RUB||-21%|
|Finance Release Analyst||89,900 RUB||-51%|
|Finance Team Leader||104,000 RUB||-43%|
|Financial Actuary||99,300 RUB||-45%|
|Financial Administrator||81,500 RUB||-55%|
|Financial Analyst||101,000 RUB||-45%|
|Financial Applications Specialist||64,900 RUB||-64%|
|Financial Assistant||63,700 RUB||-65%|
|Financial Associate||71,000 RUB||-61%|
|Financial Claims Analyst||96,100 RUB||-47%|
|Financial Claims Manager||107,000 RUB||-41%|
|Financial Commercial Analyst||85,600 RUB||-53%|
|Financial Compliance Analyst||105,000 RUB||-42%|
|Financial Consultant||98,100 RUB||-46%|
|Financial Controller||95,500 RUB||-48%|
|Financial Coordinator||83,200 RUB||-54%|
|Financial Customer Service Manager||123,000 RUB||-32%|
|Financial Dealer and Broker||88,600 RUB||-51%|
|Financial Encoder||55,200 RUB||-70%|
|Financial Manager||201,000 RUB||+10%|
|Financial Operations Manager||146,000 RUB||-20%|
|Financial Policy Analyst||101,000 RUB||-45%|
|Financial Project Manager||96,900 RUB||-47%|
|Financial Quantitative Analyst||113,000 RUB||-38%|
|Financial Reporting Consultant||98,700 RUB||-46%|
|Financial Reporting Manager||123,000 RUB||-32%|
|Financial Services Sales Agent||90,000 RUB||-51%|
|Fixed Assets Administrator||81,800 RUB||-55%|
|Forensic Accountant||81,300 RUB||-55%|
|Fraud Detection Supervisor||93,900 RUB||-48%|
|Fraud Prevention Manager||140,000 RUB||-23%|
|Fund Accountant||70,500 RUB||-61%|
|Grants Coordinator||64,000 RUB||-65%|
|Internal Auditor||104,000 RUB||-43%|
|Internal Control Adviser||105,000 RUB||-42%|
|Internal Control Officer||87,000 RUB||-52%|
|Inventory Accountant||164,000 RUB||-10%|
|Investment Analyst||131,000 RUB||-28%|
|Investment Fund Manager||132,000 RUB||-28%|
|Investment Underwriter||57,800 RUB||-68%|
|Investor Relations Manager||125,000 RUB||-31%|
|KYC Team Leader||115,000 RUB||-37%|
|Management Economist||111,000 RUB||-39%|
|Payroll Clerk||57,800 RUB||-68%|
|Payroll Manager||96,300 RUB||-47%|
|Pensions Administrator||77,500 RUB||-57%|
|Pricing Analyst||105,000 RUB||-42%|
|Private Equity Analyst||110,000 RUB||-40%|
|Proposal Development Coordinator||76,200 RUB||-58%|
|Receivables Accountant||64,100 RUB||-65%|
|Regulatory Accountant||75,700 RUB||-58%|
|Retirement Plan Analyst||103,000 RUB||-43%|
|Revenue Management Specialist||84,500 RUB||-54%|
|Revenue Recognition Analyst||128,000 RUB||-30%|
|Risk Management Director||150,000 RUB||-18%|
|Risk Management Supervisor||124,000 RUB||-32%|
|Tax Accountant||70,800 RUB||-61%|
|Tax Advisor||102,000 RUB||-44%|
|Tax Associate||74,100 RUB||-59%|
|Tax Manager||146,000 RUB||-20%|
|Treasury Accountant||76,000 RUB||-58%|
|Treasury Analyst||110,000 RUB||-40%|
|Underwriting Assistant||53,700 RUB||-71%|
|Vice President of Finance||145,000 RUB||-20%|
|Nizhny Novgorod||200,000 RUB|
|Saint Petersburg||195,000 RUB|