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 salaries in Thailand range from 55,100 THB per month (minimum salary) to 166,000 THB per month (maximum 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.
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.
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 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.
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.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
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.
|Certificate or Diploma||+15%|
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.
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.
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.
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 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.
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.
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 Financial Analyst employees in Thailand earn 7% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+3%|
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.
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 Financial Analyst is 14% 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||62,800 THB||-42%|
|Account Executive||90,400 THB||-16%|
|Accounting Assistant||67,000 THB||-38%|
|Accounting Associate||69,900 THB||-35%|
|Accounting Clerk||49,700 THB||-54%|
|Accounting Coordinator||56,400 THB||-48%|
|Accounting Manager||126,000 THB||+17%|
|Accounting Supervisor||90,600 THB||-16%|
|Accounting Technician||63,400 THB||-41%|
|Accounts Executive||85,900 THB||-20%|
|Accounts Payable and Receivable Specialist||78,400 THB||-27%|
|Accounts Payable Clerk||50,000 THB||-54%|
|Accounts Payable Manager||103,000 THB||-5%|
|Accounts Receivable Clerk||55,300 THB||-49%|
|Accounts Receivable Manager||112,000 THB||+4%|
|Assistant Accounting Manager||83,000 THB||-23%|
|Assistant Auditor||74,900 THB||-31%|
|Audit Supervisor||131,000 THB||+21%|
|Auditing Clerk||66,000 THB||-39%|
|Auditing Manager||131,000 THB||+21%|
|Billing Coordinator||76,900 THB||-29%|
|Billing Specialist||77,600 THB||-28%|
|Billing Supervisor||95,100 THB||-12%|
|Bookkeeping Specialist||72,500 THB||-33%|
|Budget Analyst||83,800 THB||-22%|
|Budget Manager||112,000 THB||+4%|
|Business Support Analyst||91,400 THB||-15%|
|Capital Markets Associate||101,000 THB||-6%|
|Cash Flow Analyst||96,100 THB||-11%|
|Cash Management Officer||92,900 THB||-14%|
|Cashbook Clerk||61,600 THB||-43%|
|Chartered Accountant||86,800 THB||-20%|
|Collections Clerk||52,600 THB||-51%|
|Collections Specialist||65,000 THB||-40%|
|Corporate Treasurer||172,000 THB||+59%|
|Cost Accountant||76,900 THB||-29%|
|Cost Accounting Manager||106,000 THB||-2%|
|Cost Analyst||101,000 THB||-6%|
|Credit and Collection Manager||109,000 THB||+1%|
|Credit and Collection Staff||56,600 THB||-48%|
|Credit and Loans Officer||57,700 THB||-47%|
|Credit Controller||94,200 THB||-13%|
|Debt Adviser||127,000 THB||+18%|
|Debt Collector||82,100 THB||-24%|
|Debtors Clerk||74,700 THB||-31%|
|Deputy CFO||168,000 THB||+56%|
|Derivative Trader||134,000 THB||+24%|
|Escrow Assistant||76,500 THB||-29%|
|External Auditor||98,300 THB||-9%|
|Finance Associate||76,300 THB||-29%|
|Finance Executive||158,000 THB||+46%|
|Finance Licensing Clerk||61,000 THB||-44%|
|Finance Licensing Manager||99,100 THB||-8%|
|Finance Licensing Specialist||79,200 THB||-27%|
|Finance Officer||112,000 THB||+4%|
|Finance President||208,000 THB||+93%|
|Finance Relationship Manager||132,000 THB||+22%|
|Finance Release Analyst||94,000 THB||-13%|
|Finance Team Leader||109,000 THB||+1%|
|Financial Actuary||99,300 THB||-8%|
|Financial Administrator||85,900 THB||-20%|
|Financial Analyst||108,000 THB||-0%|
|Financial Applications Specialist||66,200 THB||-39%|
|Financial Assistant||61,000 THB||-44%|
|Financial Associate||70,200 THB||-35%|
|Financial Claims Analyst||95,700 THB||-11%|
|Financial Claims Manager||110,000 THB||+2%|
|Financial Commercial Analyst||87,600 THB||-19%|
|Financial Compliance Analyst||101,000 THB||-6%|
|Financial Consultant||94,300 THB||-13%|
|Financial Controller||94,800 THB||-12%|
|Financial Coordinator||85,900 THB||-20%|
|Financial Customer Service Manager||114,000 THB||+6%|
|Financial Dealer and Broker||91,100 THB||-16%|
|Financial Encoder||54,400 THB||-50%|
|Financial Manager||192,000 THB||+78%|
|Financial Operations Manager||138,000 THB||+28%|
|Financial Policy Analyst||96,900 THB||-10%|
|Financial Project Manager||94,600 THB||-12%|
|Financial Quantitative Analyst||105,000 THB||-3%|
|Financial Reporting Consultant||99,100 THB||-8%|
|Financial Reporting Manager||118,000 THB||+9%|
|Financial Services Sales Agent||89,700 THB||-17%|
|Fixed Assets Administrator||77,300 THB||-28%|
|Forensic Accountant||74,500 THB||-31%|
|Fraud Detection Supervisor||89,800 THB||-17%|
|Fraud Prevention Manager||139,000 THB||+29%|
|Fund Accountant||72,600 THB||-33%|
|Grants Coordinator||66,000 THB||-39%|
|Internal Auditor||101,000 THB||-6%|
|Internal Control Adviser||101,000 THB||-6%|
|Internal Control Officer||86,300 THB||-20%|
|Inventory Accountant||155,000 THB||+44%|
|Investment Analyst||131,000 THB||+21%|
|Investment Fund Manager||137,000 THB||+27%|
|Investment Underwriter||62,200 THB||-42%|
|Investor Relations Manager||125,000 THB||+16%|
|KYC Team Leader||122,000 THB||+13%|
|Management Economist||111,000 THB||+3%|
|Payroll Clerk||60,900 THB||-44%|
|Payroll Manager||95,100 THB||-12%|
|Pensions Administrator||77,200 THB||-29%|
|Pricing Analyst||103,000 THB||-5%|
|Private Equity Analyst||115,000 THB||+6%|
|Proposal Development Coordinator||76,000 THB||-30%|
|Receivables Accountant||64,700 THB||-40%|
|Regulatory Accountant||80,700 THB||-25%|
|Retirement Plan Analyst||98,300 THB||-9%|
|Revenue Management Specialist||83,800 THB||-22%|
|Revenue Recognition Analyst||126,000 THB||+17%|
|Risk Management Director||160,000 THB||+48%|
|Risk Management Supervisor||125,000 THB||+16%|
|Tax Accountant||71,300 THB||-34%|
|Tax Advisor||98,100 THB||-9%|
|Tax Associate||77,500 THB||-28%|
|Tax Manager||137,000 THB||+27%|
|Treasury Accountant||75,700 THB||-30%|
|Treasury Analyst||107,000 THB||-1%|
|Underwriting Assistant||54,300 THB||-50%|
|Vice President of Finance||138,000 THB||+28%|
|Bangkok (Krung Thep)||109,000 THB|
|Chiang Mai||114,000 THB|