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Chief Financial Officer Average Salary in Syria 2024

How much money does a person working as Chief Financial Officer make in Syria?


Average Monthly Salary
307,000 SYP
( 3,680,000 SYP yearly)

LOW
156,000
SYP
AVERAGE
307,000
SYP
HIGH
472,000
SYP
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Chief Financial Officer in Syria typically earns around 307,000 SYP. Salaries range from 156,000 SYP (lowest) to 472,000 SYP (highest).


Salary Variance

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



Chief Financial Officer Pay Scale and Salaries in Syria

Median and salary distribution Syria Chief Financial Officer monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
280,000 SYP or more
10% of people earn
249,000 to 280,000 SYP
20% of people earn
180,000 SYP or less
65% of people earn
180,000 to 249,000 SYP
Minimum Salary
156,000 SYP
Median
281,000 SYP
Maximum
472,000 SYP




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Chief Financial Officer in Syria range from 156,000 SYP (starting salary) to 472,000 SYP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 281,000 SYP, half of the professionals who work as Chief Financial Officer in Syria earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Chief Financial Officer in Syria earn less than 232,000 SYP, while 75% earn more. Similarly, the chart shows that 75% earn less than 320,000 SYP while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Chief Financial Officer in Syria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 180,000 SYP to 249,000 SYP. About 20% of salaries are below the 180,000 SYP mark, while 10% fall within the range of 249,000 SYP to 280,000 SYP. Only 5% of individuals have salaries exceeding 280,000 SYP.

Salary Comparison by Years of Experience / Chief Financial Officer / Syria

How do experience and age affect pay?

0 - 2 Years
175,000 SYP
2 - 5 Years+31%
229,000 SYP
5 - 10 Years+40%
321,000 SYP
10 - 15 Years+20%
385,000 SYP
15 - 20 Years+9%
418,000 SYP
20+ Years+8%
452,000 SYP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Syria 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 the wage. We broke down salaries by experience level for people working as Chief Financial Officer and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 175,000 SYP.

While someone with an experience level between two and five years is expected to earn 229,000 SYP, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 321,000 SYP, 40% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 385,000 SYP, 20% 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 418,000 SYP, 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 452,000 SYP, 8% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Chief Financial Officer / Syria

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Chief Financial Officer.

High School
210,000 SYP
Certificate or Diploma+15%
242,000 SYP
Bachelor's Degree+41%
340,000 SYP
Master's Degree+29%
437,000 SYP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Syria 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 salaries by education level for the position Chief Financial Officer in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 210,000 SYP.


Level 2: Certificate or Diploma

At this level, the average salary becomes 242,000 SYP, 15% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 340,000 SYP, 41% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 437,000 SYP, 29% more than the previous level.



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 Syria costs anywhere from 745,000 SYP to 2,240,000 SYP 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / Chief Financial Officer / Syria

Salary comparison by gender Syria Chief Financial Officer monthly
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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? For the people who work as Chief Financial Officer in Syria, the average difference between the salary of male and female employees is 21%.

Male
337,000 SYP
Female-17%
279,000 SYP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Syria for all Careers

Salary comparison by gender monthly Syria
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Average Annual Salary Increment Percentage / Chief Financial Officer / Syria

How much are annual salary increments in Syria for individuals working as Chief Financial Officer? How often do employees get salary raises?

Individuals working as Chief Financial Officer in Syria are likely to observe a salary increase of approximately 10% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Syria 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.

Syria / All Professions

Annual Salary Increment Rate Syria
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Syria is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Chief Financial Officer / Syria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Syria Chief Financial Officer
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36% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 64% 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
64%
No Bonus
36%

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.

Average Hourly Wage / Chief Financial Officer / Syria


1,770 SYP per hour

The average hourly wage (pay per hour) for individuals working as Chief Financial Officer in Syria is 1,770 SYP.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Chief Financial Officer in Syria is 900 SYP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Executive and Management-100%
Account Coordinator148,000 SYP-52%
Account Director171,000 SYP-44%
Account Executive174,000 SYP-43%
Account Manager171,000 SYP-44%
Administration Manager164,000 SYP-47%
Administration Officer88,700 SYP-71%
Administration Supervisor140,000 SYP-54%
Administrative Clerk66,000 SYP-78%
Administrative Officer68,000 SYP-78%
Area Director160,000 SYP-48%
Area Manager163,000 SYP-47%
Asset Protection Associate185,000 SYP-40%
Assistant Director177,000 SYP-42%
Assistant General Manager193,000 SYP-37%
Assistant Manager194,000 SYP-37%
Assistant Managing Director204,000 SYP-33%
Assistant Operations Manager204,000 SYP-33%
Assistant Project Manager182,000 SYP-41%
Assistant Section Head155,000 SYP-49%
Assistant to CEO171,000 SYP-44%
Assistant Vice President191,000 SYP-38%
Associate Account Director182,000 SYP-41%
Associate Director189,000 SYP-38%
Bid Manager202,000 SYP-34%
Branch Manager205,000 SYP-33%
Business Development Manager227,000 SYP-26%
Business Operations Associate172,000 SYP-44%
Business Operations Lead180,000 SYP-41%
Campaign Manager200,000 SYP-35%
Catering Coordinator109,000 SYP-64%
Catering Manager176,000 SYP-43%
CEO361,000 SYP+18%
Chairman of The Board346,000 SYP+13%
Chairman Office Manager230,000 SYP-25%
Chief Commercial Officer254,000 SYP-17%
Chief Corporate Officer290,000 SYP-5%
Chief Digital Officer238,000 SYP-22%
Chief Digital Strategy Officer245,000 SYP-20%
Chief Digital Transformation Officer232,000 SYP-24%
Chief Ethics Officer215,000 SYP-30%
Chief Executive Officer362,000 SYP+18%
Chief Financial Officer307,000 SYP+0%
Chief Investment Officer244,000 SYP-20%
Chief of Staff154,000 SYP-50%
Chief Operating Officer248,000 SYP-19%
Chief Privacy Officer210,000 SYP-32%
Chief Resilience Officer251,000 SYP-18%
Chief Risk Officer222,000 SYP-28%
Chief Strategy Officer291,000 SYP-5%
Chief Trust and Safety Officer227,000 SYP-26%
Client Account Manager204,000 SYP-33%
Client Accounts Officer174,000 SYP-43%
Client Services Manager230,000 SYP-25%
Commercial Director243,000 SYP-21%
Commercial Manager202,000 SYP-34%
Commercial Project Manager189,000 SYP-38%
Commodity Broker141,000 SYP-54%
COO247,000 SYP-19%
Corporate Affairs Executive203,000 SYP-34%
Corporate Compliance Director218,000 SYP-29%
Corporate Director232,000 SYP-24%
Corporate Officer158,000 SYP-48%
Corporate Partnerships Officer167,000 SYP-46%
Country Manager277,000 SYP-10%
Department Head216,000 SYP-30%
Department Manager219,000 SYP-29%
Department Supervisor191,000 SYP-38%
Deputy Director242,000 SYP-21%
Deputy Manager251,000 SYP-18%
Director262,000 SYP-15%
Director of Accreditation229,000 SYP-25%
Director of Catering Services208,000 SYP-32%
Director of Client Services219,000 SYP-29%
Director of Facilities Management193,000 SYP-37%
Director of Operations218,000 SYP-29%
Director of Process Simplification182,000 SYP-41%
Director of Product Management220,000 SYP-28%
Director of Project Management231,000 SYP-25%
Director of Revenue Management220,000 SYP-28%
Director of Training and Development231,000 SYP-25%
Distribution Manager226,000 SYP-26%
Division Manager192,000 SYP-37%
Duty Manager199,000 SYP-35%
Engagement Manager242,000 SYP-21%
Executive Director329,000 SYP+7%
Executive Manager293,000 SYP-4%
Franchise Manager282,000 SYP-8%
General Manager263,000 SYP-14%
Generational Consultant183,000 SYP-40%
Global Master Data Manager251,000 SYP-18%
Global Technical Lead156,000 SYP-49%
Head of Investment219,000 SYP-29%
Head of Middle Office219,000 SYP-29%
Head of Projects222,000 SYP-28%
Head of Strategy256,000 SYP-17%
Head of Supply Chain211,000 SYP-31%
Head of Sustainability196,000 SYP-36%
Housing Manager181,000 SYP-41%
HSE Manager187,000 SYP-39%
Innovation Manager188,000 SYP-39%
Key Account Manager200,000 SYP-35%
Knowledge Manager210,000 SYP-32%
Location Manager213,000 SYP-31%
Logistics Executive184,000 SYP-40%
Logistics Manager180,000 SYP-41%
Management Consultant181,000 SYP-41%
Management Executive250,000 SYP-18%
Manager230,000 SYP-25%
Managing Director277,000 SYP-10%
MIS Executive220,000 SYP-28%
Ocean Services Manager248,000 SYP-19%
Online Business Manager317,000 SYP+3%
Operational Manager244,000 SYP-20%
Operations Analyst208,000 SYP-32%
Operations Assistant159,000 SYP-48%
Operations Director267,000 SYP-13%
Operations Executive240,000 SYP-22%
Operations Manager259,000 SYP-16%
Operations Supervisor217,000 SYP-29%
Planning Director247,000 SYP-19%
PMO Manager217,000 SYP-29%
Policy Administration Executive202,000 SYP-34%
Private Sector Executive206,000 SYP-33%
Product Development Manager222,000 SYP-28%
Product Executive207,000 SYP-32%
Production Executive238,000 SYP-22%
Production Manager238,000 SYP-22%
Production Supervisor186,000 SYP-39%
Program Director249,000 SYP-19%
Program Manager251,000 SYP-18%
Programme Coordinator166,000 SYP-46%
Project Control Manager250,000 SYP-18%
Project Coordinator138,000 SYP-55%
Project Management Officer163,000 SYP-47%
Project Manager179,000 SYP-42%
Project Portfolio Manager186,000 SYP-39%
Quality Manager195,000 SYP-36%
R/D Director198,000 SYP-35%
Regional Director303,000 SYP-1%
Regional Manager231,000 SYP-25%
Relationship Manager221,000 SYP-28%
Retail District Manager168,000 SYP-45%
Revenue Manager174,000 SYP-43%
Risk and Capital Manager264,000 SYP-14%
Risk Officer178,000 SYP-42%
Safety Manager171,000 SYP-44%
Section Head181,000 SYP-41%
Service Manager189,000 SYP-38%
Shift Supervisor138,000 SYP-55%
Solutions Manager156,000 SYP-49%
Supervisor139,000 SYP-55%
Supply Chain Manager253,000 SYP-17%
Surveyor155,000 SYP-49%
Technical Director215,000 SYP-30%
Technical Manager213,000 SYP-31%
Territory Manager234,000 SYP-24%
Validation Manager195,000 SYP-36%
Vice President275,000 SYP-10%
Zone Manager240,000 SYP-22%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Syria is 21% on average across all career fields.

Private Sector
136,000 SYP
Public Sector+21%
164,000 SYP
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Chief Financial Officer in Syria?

A good and competitive compensation would range anywhere between 281,000 SYP and 320,000 SYP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Chief Financial Officer in Syria ranges from 156,000 SYP to 232,000 SYP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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