A person working as a Chief Financial Officer in Thailand typically earns around 203,000 THB per month. Salaries range from 95,600 THB (lowest) to 321,000 THB (highest).
This is the average monthly 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 salaries in Thailand range from 95,600 THB per month (minimum salary) to 321,000 THB per month (maximum salary).
The median salary is 216,000 THB per month, which means that half (50%) of people working as Chief Financial Officer(s) are earning less than 216,000 THB while the other half are earning more than 216,000 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 Chief Financial Officer(s) are earning less than 140,000 THB while 75% of them are earning more than 140,000 THB. Also from the diagram, 75% of Chief Financial Officer(s) are earning less than 285,000 THB while 25% are earning more than 285,000 THB.
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 110,000 THB per month.
While someone with an experience level between two and five years is expected to earn 152,000 THB per month, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 216,000 THB per month, 42% more than someone with two to five years of experience.
Additionally, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 264,000 THB per month, 22% 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 278,000 THB per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 303,000 THB per month, 9% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+38%|
|5 - 10 Years||+42%|
|10 - 15 Years||+22%|
|15 - 20 Years||+6%|
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 136,000 THB per month.
While someone with a Certificate or Diploma gets a salary of 159,000 THB per month, 17% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 231,000 THB per month, 45% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 303,000 THB per month, 31% more than someone with Bachelor's Degree.
|Certificate or Diploma||+17%|
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.
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 Chief Financial Officer employees in Thailand earn 16% more than their female counterparts.
Chief Financial Officer(s) in Thailand are likely to observe a salary increase of approximately 14% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
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 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.
14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% 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.
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.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Where can you get paid more, working for a private company or for the government? Public sector Chief Financial Officer employees in Thailand earn 7% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+3%|
Chief Financial Officer 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 average salary for Chief Financial Officer is 53% more than that of Executive and Management. Also, Executive and Management salaries are 36% more than those of All Jobs.
|Job Title||Average Salary|
|Account Coordinator||92,000 THB||-55%|
|Administration Manager||117,000 THB||-42%|
|Area Manager||102,000 THB||-50%|
|Asset Protection Associate||125,000 THB||-39%|
|Assistant Director||117,000 THB||-42%|
|Assistant Manager||123,000 THB||-40%|
|Assistant Operations Manager||136,000 THB||-33%|
|Assistant Project Manager||115,000 THB||-43%|
|Assistant Section Head||98,100 THB||-52%|
|Assistant to CEO||103,000 THB||-49%|
|Assistant Vice President||129,000 THB||-37%|
|Associate Director||115,000 THB||-43%|
|Bid Manager||132,000 THB||-35%|
|Branch Manager||124,000 THB||-39%|
|Business Development Manager||140,000 THB||-31%|
|Business Operations Associate||114,000 THB||-44%|
|Business Operations Lead||120,000 THB||-41%|
|Campaign Manager||129,000 THB||-37%|
|Chairman of The Board||228,000 THB||+12%|
|Chairman Office Manager||137,000 THB||-33%|
|Chief Corporate Officer||180,000 THB||-12%|
|Chief Executive Officer||221,000 THB||+9%|
|Chief Financial Officer||203,000 THB||-0%|
|Chief of Staff||108,000 THB||-47%|
|Chief Operating Officer||158,000 THB||-22%|
|Chief Risk Officer||140,000 THB||-31%|
|Client Services Manager||151,000 THB||-26%|
|Commercial Project Manager||121,000 THB||-41%|
|Commodity Broker||89,700 THB||-56%|
|Corporate Affairs Executive||131,000 THB||-36%|
|Corporate Compliance Director||148,000 THB||-27%|
|Corporate Director||158,000 THB||-22%|
|Corporate Officer||108,000 THB||-47%|
|Corporate Partnerships Officer||108,000 THB||-47%|
|Country Manager||182,000 THB||-11%|
|Deputy Director||165,000 THB||-19%|
|Director of Accreditation||142,000 THB||-30%|
|Director of Catering Services||130,000 THB||-36%|
|Director of Client Services||140,000 THB||-31%|
|Director of Facilities Management||121,000 THB||-41%|
|Director of Operations||150,000 THB||-26%|
|Director of Process Simplification||119,000 THB||-41%|
|Director of Project Management||154,000 THB||-24%|
|Director of Revenue Management||131,000 THB||-36%|
|Director of Training and Development||146,000 THB||-28%|
|Distribution Manager||159,000 THB||-22%|
|Division Manager||132,000 THB||-35%|
|Duty Manager||131,000 THB||-36%|
|Engagement Manager||151,000 THB||-26%|
|Executive Director||209,000 THB||+3%|
|Executive Manager||174,000 THB||-14%|
|Franchise Manager||186,000 THB||-9%|
|General Manager||168,000 THB||-17%|
|Global Master Data Manager||159,000 THB||-22%|
|Head of Middle Office||134,000 THB||-34%|
|Head of Projects||148,000 THB||-27%|
|Head of Sustainability||119,000 THB||-41%|
|Housing Manager||118,000 THB||-42%|
|HSE Manager||118,000 THB||-42%|
|Key Account Manager||128,000 THB||-37%|
|Knowledge Manager||140,000 THB||-31%|
|Location Manager||142,000 THB||-30%|
|Logistics Manager||114,000 THB||-44%|
|Management Consultant||116,000 THB||-43%|
|Management Executive||163,000 THB||-20%|
|Managing Director||178,000 THB||-12%|
|MIS Executive||150,000 THB||-26%|
|Ocean Services Manager||157,000 THB||-23%|
|Operations Assistant||109,000 THB||-46%|
|Operations Director||162,000 THB||-20%|
|Operations Executive||166,000 THB||-18%|
|Operations Manager||159,000 THB||-22%|
|Operations Supervisor||134,000 THB||-34%|
|Policy Administration Executive||124,000 THB||-39%|
|Private Sector Executive||137,000 THB||-33%|
|Product Development Manager||153,000 THB||-25%|
|Product Executive||133,000 THB||-35%|
|Production Executive||154,000 THB||-24%|
|Production Manager||144,000 THB||-29%|
|Production Supervisor||133,000 THB||-35%|
|Program Manager||153,000 THB||-25%|
|Programme Coordinator||106,000 THB||-48%|
|Project Control Manager||160,000 THB||-21%|
|Project Coordinator||93,500 THB||-54%|
|Project Management Officer||109,000 THB||-46%|
|Project Manager||117,000 THB||-42%|
|Project Portfolio Manager||125,000 THB||-39%|
|Quality Manager||115,000 THB||-43%|
|R/D Director||133,000 THB||-35%|
|Regional Director||199,000 THB||-2%|
|Regional Manager||151,000 THB||-26%|
|Relationship Manager||146,000 THB||-28%|
|Retail District Manager||104,000 THB||-49%|
|Revenue Manager||119,000 THB||-41%|
|Risk and Capital Manager||166,000 THB||-18%|
|Risk Officer||113,000 THB||-44%|
|Safety Manager||110,000 THB||-46%|
|Section Head||109,000 THB||-46%|
|Service Manager||118,000 THB||-42%|
|Shift Supervisor||90,300 THB||-56%|
|Solutions Manager||103,000 THB||-49%|
|Supply Chain Manager||153,000 THB||-25%|
|Technical Manager||137,000 THB||-33%|
|Territory Manager||152,000 THB||-25%|
|Validation Manager||132,000 THB||-35%|
|Vice President||183,000 THB||-10%|
|Zone Manager||160,000 THB||-21%|
|Bangkok (Krung Thep)||231,000 THB|
|Chiang Mai||219,000 THB|