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Chief Financial Officer Average Salary in Switzerland 2022

How much money does a Chief Financial Officer make in Switzerland?


Average Yearly Salary
268,000 CHF
( 22,300 CHF monthly)

LOW
139,000
CHF
AVERAGE
268,000
CHF
HIGH
409,000
CHF

A person working as a Chief Financial Officer in Switzerland typically earns around 268,000 CHF per year. Salaries range from 139,000 CHF (lowest) to 409,000 CHF (highest).

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

Chief Financial Officer Salary Distribution in Switzerland

Median and salary distribution yearly Switzerland Chief Financial Officer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Chief Financial Officer salaries in Switzerland range from 139,000 CHF per year (minimum salary) to 409,000 CHF per year (maximum salary).

  • Median Salary

    The median salary is 257,000 CHF per year, which means that half (50%) of people working as Chief Financial Officer(s) are earning less than 257,000 CHF while the other half are earning more than 257,000 CHF. 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 Chief Financial Officer(s) are earning less than 178,000 CHF while 75% of them are earning more than 178,000 CHF. Also from the diagram, 75% of Chief Financial Officer(s) are earning less than 320,000 CHF while 25% are earning more than 320,000 CHF.


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

Chief Financial Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Switzerland Chief Financial Officer
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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 Chief Financial Officer salaries by experience level and this is what we found.

A Chief Financial Officer with less than two years of experience makes approximately 158,000 CHF per year.

While someone with an experience level between two and five years is expected to earn 212,000 CHF per year, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 276,000 CHF per year, 30% 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, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 334,000 CHF per year, 21% 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 365,000 CHF per year, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 384,000 CHF per year, 5% more than people with fifteen to twenty years of experience.


Chief Financial Officer average salary change by experience in Switzerland

0 - 2 Years
158,000 CHF
2 - 5 Years+34%
212,000 CHF
5 - 10 Years+30%
276,000 CHF
10 - 15 Years+21%
334,000 CHF
15 - 20 Years+9%
365,000 CHF
20+ Years+5%
384,000 CHF
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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Chief Financial Officer Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level yearly Switzerland Chief Financial Officer
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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 Chief Financial Officer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Chief Financial Officer is 191,000 CHF per year.

While someone with a Certificate or Diploma gets a salary of 218,000 CHF per year, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 307,000 CHF per year, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 372,000 CHF per year, 21% more than someone with Bachelor's Degree.


Chief Financial Officer average salary difference by education level in Switzerland

High School
191,000 CHF
Certificate or Diploma+14%
218,000 CHF
Bachelor's Degree+41%
307,000 CHF
Master's Degree+21%
372,000 CHF
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 Switzerland costs anywhere from 51,600 Swiss Franc(s) to 155,000 Swiss Franc(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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Chief Financial Officer Salary Comparison By Gender

Salary comparison by gender yearly Switzerland Chief Financial Officer
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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 Chief Financial Officer employees in Switzerland earn 4% more than their female counterparts on average.

Male
273,000 CHF
Female-4%
262,000 CHF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Switzerland for all Careers

Salary comparison by gender yearly Switzerland
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Chief Financial Officer Average Annual Salary Increment Percentage in Switzerland

How much are annual salary increments in Switzerland for Chief Financial Officer(s)? How often do employees get salary raises?

Chief Financial Officer

Chief Financial Officer(s) in Switzerland are likely to observe a salary increase of approximately 15% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Switzerland Chief Financial Officer
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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.

Switzerland / 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 Switzerland is 7%.

Annual Increment Rate By Industry 2021

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 Switzerland for the year 2021. 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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Chief Financial Officer Bonus and Incentive Rates in Switzerland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Switzerland Chief Financial Officer
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A Chief Financial Officer 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 6% to 8% 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.

Chief Financial Officer Average Hourly Wage in Switzerland


130 CHF per hour

The average hourly wage (pay per hour) in Switzerland is 130 CHF. This means that the average Chief Financial Officer in Switzerland earns approximately 130 CHF 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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management yearly Switzerland
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The average salary for Chief Financial Officer is 60% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator125,000 CHF-53%
Administration Manager141,000 CHF-47%
Area Manager134,000 CHF-50%
Asset Protection Associate157,000 CHF-41%
Assistant Director147,000 CHF-45%
Assistant Manager155,000 CHF-42%
Assistant Operations Manager170,000 CHF-36%
Assistant Project Manager146,000 CHF-45%
Assistant Section Head124,000 CHF-54%
Assistant to CEO142,000 CHF-47%
Assistant Vice President166,000 CHF-38%
Associate Director157,000 CHF-41%
Bid Manager173,000 CHF-35%
Branch Manager170,000 CHF-36%
Business Development Manager178,000 CHF-33%
Business Operations Associate150,000 CHF-44%
Business Operations Lead157,000 CHF-41%
Campaign Manager163,000 CHF-39%
Chairman of The Board274,000 CHF+2%
Chairman Office Manager182,000 CHF-32%
Chief Corporate Officer227,000 CHF-15%
Chief Executive Officer300,000 CHF+12%
Chief Financial Officer268,000 CHF+0%
Chief of Staff140,000 CHF-48%
Chief Operating Officer205,000 CHF-23%
Chief Risk Officer191,000 CHF-29%
Client Services Manager182,000 CHF-32%
Commercial Project Manager158,000 CHF-41%
Commodity Broker119,000 CHF-56%
Corporate Affairs Executive178,000 CHF-33%
Corporate Compliance Director180,000 CHF-33%
Corporate Director191,000 CHF-29%
Corporate Officer130,000 CHF-51%
Corporate Partnerships Officer132,000 CHF-51%
Country Manager220,000 CHF-18%
Deputy Director199,000 CHF-26%
Director224,000 CHF-16%
Director of Accreditation189,000 CHF-29%
Director of Catering Services171,000 CHF-36%
Director of Client Services178,000 CHF-33%
Director of Facilities Management158,000 CHF-41%
Director of Operations189,000 CHF-29%
Director of Process Simplification144,000 CHF-46%
Director of Project Management202,000 CHF-25%
Director of Revenue Management174,000 CHF-35%
Director of Training and Development190,000 CHF-29%
Distribution Manager205,000 CHF-23%
Division Manager166,000 CHF-38%
Duty Manager170,000 CHF-36%
Engagement Manager194,000 CHF-28%
Executive Director269,000 CHF+1%
Executive Manager238,000 CHF-11%
Franchise Manager253,000 CHF-5%
General Manager215,000 CHF-20%
Global Master Data Manager206,000 CHF-23%
Head of Middle Office172,000 CHF-36%
Head of Projects194,000 CHF-28%
Head of Sustainability154,000 CHF-42%
Housing Manager155,000 CHF-42%
HSE Manager157,000 CHF-41%
Key Account Manager155,000 CHF-42%
Knowledge Manager184,000 CHF-31%
Location Manager172,000 CHF-36%
Logistics Manager155,000 CHF-42%
Management Consultant147,000 CHF-45%
Management Executive198,000 CHF-26%
Manager200,000 CHF-25%
Managing Director226,000 CHF-16%
MIS Executive196,000 CHF-27%
Ocean Services Manager198,000 CHF-26%
Operations Assistant138,000 CHF-48%
Operations Director221,000 CHF-17%
Operations Executive208,000 CHF-22%
Operations Manager204,000 CHF-24%
Operations Supervisor183,000 CHF-32%
Policy Administration Executive163,000 CHF-39%
Private Sector Executive171,000 CHF-36%
Product Development Manager192,000 CHF-28%
Product Executive161,000 CHF-40%
Production Executive194,000 CHF-28%
Production Manager197,000 CHF-26%
Production Supervisor160,000 CHF-40%
Program Manager208,000 CHF-22%
Programme Coordinator139,000 CHF-48%
Project Control Manager200,000 CHF-25%
Project Coordinator114,000 CHF-57%
Project Management Officer132,000 CHF-51%
Project Manager145,000 CHF-46%
Project Portfolio Manager151,000 CHF-44%
Quality Manager158,000 CHF-41%
R/D Director168,000 CHF-37%
Regional Director272,000 CHF+2%
Regional Manager192,000 CHF-28%
Relationship Manager198,000 CHF-26%
Retail District Manager141,000 CHF-47%
Revenue Manager155,000 CHF-42%
Risk and Capital Manager211,000 CHF-21%
Risk Officer143,000 CHF-47%
Safety Manager150,000 CHF-44%
Section Head150,000 CHF-44%
Service Manager155,000 CHF-42%
Shift Supervisor115,000 CHF-57%
Solutions Manager136,000 CHF-49%
Supervisor112,000 CHF-58%
Supply Chain Manager209,000 CHF-22%
Surveyor130,000 CHF-51%
Technical Manager188,000 CHF-30%
Territory Manager190,000 CHF-29%
Validation Manager165,000 CHF-38%
Vice President223,000 CHF-17%
Zone Manager194,000 CHF-28%

Salary Comparison By City

CityAverage Salary
Basel275,000 CHF
Bern279,000 CHF
Biel236,000 CHF
Geneve292,000 CHF
Lausanne273,000 CHF
Lugano253,000 CHF
Luzern249,000 CHF
St. Gallen255,000 CHF
Winterthur277,000 CHF
Zurich282,000 CHF

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Switzerland earn 4% more than their private sector counterparts on average across all sectors.

Private Sector
121,000 CHF
Public Sector+4%
126,000 CHF
Percentage increase and decrease are relative to the previous value

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