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Financial Analyst Average Salary in Thailand 2020

How much money does a Financial Analyst make in Thailand?

Average Monthly Salary
108,000 THB
( 1,300,000 THB yearly)


A person working as a Financial Analyst in Thailand typically earns around 108,000 THB per month. Salaries range from 55,100 THB (lowest) to 166,000 THB (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 Thailand

Median and salary distribution monthly Thailand Financial Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    Financial Analyst salaries in Thailand range from 55,100 THB per month (minimum salary) to 166,000 THB per month (maximum salary).

  • Median Salary

    The median salary is 106,000 THB per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 106,000 THB while the other half are earning more than 106,000 THB. 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 72,400 THB while 75% of them are earning more than 72,400 THB. Also from the diagram, 75% of Financial Analyst(s) are earning less than 133,000 THB while 25% are earning more than 133,000 THB.

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 Thailand 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 61,800 THB per month.

While someone with an experience level between two and five years is expected to earn 80,700 THB per month, 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 113,000 THB per month, 40% 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 136,000 THB per month, 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 147,000 THB per month, 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 159,000 THB per month, 8% more than people with fifteen to twenty years of experience.

Financial Analyst average salary change by experience in Thailand

0 - 2 Years
61,800 THB
2 - 5 Years+31%
80,700 THB
5 - 10 Years+40%
113,000 THB
10 - 15 Years+20%
136,000 THB
15 - 20 Years+9%
147,000 THB
20+ Years+8%
159,000 THB
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 Thailand 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 74,000 THB per month.

While someone with a Certificate or Diploma gets a salary of 85,100 THB per month, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 120,000 THB per month, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 154,000 THB per month, 29% more than someone with Bachelor's Degree.

Financial Analyst average salary difference by education level in Thailand

High School
74,000 THB
Certificate or Diploma+15%
85,100 THB
Bachelor's Degree+41%
120,000 THB
Master's Degree+29%
154,000 THB
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 Thailand costs anywhere from 488,000 Baht(s) to 1,470,000 Baht(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 Thailand 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 Thailand earn 19% more than their female counterparts.

98,900 THB
118,000 THB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Thailand for all Careers

Salary comparison by gender monthly Thailand
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Financial Analyst Average Annual Salary Increment Percentage in Thailand

How much are annual salary increments in Thailand for Financial Analyst(s)? How often do employees get salary raises?

Financial Analyst

Financial Analyst(s) in Thailand are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Thailand 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.

Thailand / All Professions

Annual Salary Increment Rate Thailand
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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 Thailand is 6%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Thailand 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 Thailand

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Thailand 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.

46% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 54% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Thailand
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Where can you get paid more, working for a private company or for the government? Public sector Financial Analyst employees in Thailand earn 7% more than their private sector counterparts.

Private Sector
94,700 THB
Public Sector+7%
101,000 THB
Percentage increase and decrease are relative to the previous value

Financial Analyst Salary Trend and Forecast in Thailand

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

Salary trends and forecast monthly Thailand Financial Analyst
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Average Salary 2016
96,700 THB
Average Salary 2017+4%
100,000 THB
Average Salary 2018+2%
103,000 THB
Average Salary 2019+3%
106,000 THB
Percentage increase and decrease are relative to the previous value

Financial Analyst salaries in Thailand are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% 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.

Financial Analyst Average Hourly Wage in Thailand

620 THB per hour

The average hourly wage (pay per hour) in Thailand is 620 THB. This means that the average Financial Analyst in Thailand earns approximately 620 THB 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 Thailand
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The average salary for Financial Analyst is 14% 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 Examiner62,800 THB-42%
Account Executive90,400 THB-16%
Accountant68,600 THB-36%
Accounting Assistant67,000 THB-38%
Accounting Associate69,900 THB-35%
Accounting Clerk49,700 THB-54%
Accounting Coordinator56,400 THB-48%
Accounting Manager126,000 THB+17%
Accounting Supervisor90,600 THB-16%
Accounting Technician63,400 THB-41%
Accounts Executive85,900 THB-20%
Accounts Payable and Receivable Specialist78,400 THB-27%
Accounts Payable Clerk50,000 THB-54%
Accounts Payable Manager103,000 THB-5%
Accounts Receivable Clerk55,300 THB-49%
Accounts Receivable Manager112,000 THB+4%
Assistant Accounting Manager83,000 THB-23%
Assistant Auditor74,900 THB-31%
Audit Supervisor131,000 THB+21%
Auditing Clerk66,000 THB-39%
Auditing Manager131,000 THB+21%
Billing Coordinator76,900 THB-29%
Billing Specialist77,600 THB-28%
Billing Supervisor95,100 THB-12%
Bookkeeper53,300 THB-51%
Bookkeeping Specialist72,500 THB-33%
Budget Analyst83,800 THB-22%
Budget Manager112,000 THB+4%
Business Support Analyst91,400 THB-15%
Capital Markets Associate101,000 THB-6%
Cash Flow Analyst96,100 THB-11%
Cash Management Officer92,900 THB-14%
Cashbook Clerk61,600 THB-43%
Chartered Accountant86,800 THB-20%
Collections Clerk52,600 THB-51%
Collections Specialist65,000 THB-40%
Corporate Treasurer172,000 THB+59%
Cost Accountant76,900 THB-29%
Cost Accounting Manager106,000 THB-2%
Cost Analyst101,000 THB-6%
Credit and Collection Manager109,000 THB+1%
Credit and Collection Staff56,600 THB-48%
Credit and Loans Officer57,700 THB-47%
Credit Controller94,200 THB-13%
Debt Adviser127,000 THB+18%
Debt Collector82,100 THB-24%
Debtors Clerk74,700 THB-31%
Deputy CFO168,000 THB+56%
Derivative Trader134,000 THB+24%
Escrow Assistant76,500 THB-29%
External Auditor98,300 THB-9%
Finance Associate76,300 THB-29%
Finance Executive158,000 THB+46%
Finance Licensing Clerk61,000 THB-44%
Finance Licensing Manager99,100 THB-8%
Finance Licensing Specialist79,200 THB-27%
Finance Officer112,000 THB+4%
Finance President208,000 THB+93%
Finance Relationship Manager132,000 THB+22%
Finance Release Analyst94,000 THB-13%
Finance Team Leader 109,000 THB+1%
Financial Actuary99,300 THB-8%
Financial Administrator85,900 THB-20%
Financial Analyst108,000 THB-0%
Financial Applications Specialist66,200 THB-39%
Financial Assistant61,000 THB-44%
Financial Associate70,200 THB-35%
Financial Claims Analyst95,700 THB-11%
Financial Claims Manager110,000 THB+2%
Financial Commercial Analyst87,600 THB-19%
Financial Compliance Analyst101,000 THB-6%
Financial Consultant94,300 THB-13%
Financial Controller94,800 THB-12%
Financial Coordinator85,900 THB-20%
Financial Customer Service Manager114,000 THB+6%
Financial Dealer and Broker91,100 THB-16%
Financial Encoder54,400 THB-50%
Financial Manager192,000 THB+78%
Financial Operations Manager138,000 THB+28%
Financial Policy Analyst96,900 THB-10%
Financial Project Manager94,600 THB-12%
Financial Quantitative Analyst105,000 THB-3%
Financial Reporting Consultant99,100 THB-8%
Financial Reporting Manager118,000 THB+9%
Financial Services Sales Agent89,700 THB-17%
Fixed Assets Administrator77,300 THB-28%
Forensic Accountant74,500 THB-31%
Fraud Detection Supervisor89,800 THB-17%
Fraud Prevention Manager139,000 THB+29%
Fund Accountant72,600 THB-33%
Grants Coordinator66,000 THB-39%
Internal Auditor101,000 THB-6%
Internal Control Adviser101,000 THB-6%
Internal Control Officer86,300 THB-20%
Inventory Accountant155,000 THB+44%
Investment Analyst131,000 THB+21%
Investment Fund Manager137,000 THB+27%
Investment Underwriter62,200 THB-42%
Investor92,000 THB-15%
Investor Relations Manager125,000 THB+16%
KYC Team Leader122,000 THB+13%
Management Economist111,000 THB+3%
Paymaster76,200 THB-29%
Payroll Clerk60,900 THB-44%
Payroll Manager95,100 THB-12%
Pensions Administrator77,200 THB-29%
Pricing Analyst103,000 THB-5%
Private Equity Analyst115,000 THB+6%
Proposal Development Coordinator76,000 THB-30%
Receivables Accountant64,700 THB-40%
Regulatory Accountant80,700 THB-25%
Retirement Plan Analyst98,300 THB-9%
Revenue Management Specialist83,800 THB-22%
Revenue Recognition Analyst126,000 THB+17%
Risk Management Director160,000 THB+48%
Risk Management Supervisor125,000 THB+16%
Tax Accountant71,300 THB-34%
Tax Advisor98,100 THB-9%
Tax Associate77,500 THB-28%
Tax Manager137,000 THB+27%
Teller44,400 THB-59%
Treasury Accountant75,700 THB-30%
Treasury Analyst107,000 THB-1%
Underwriter58,500 THB-46%
Underwriting Assistant54,300 THB-50%
Vice President of Finance138,000 THB+28%

Salary Comparison By City

CityAverage Salary
Bangkok (Krung Thep)109,000 THB
Chiang Mai114,000 THB
58740 - 5

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