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Chief Financial Officer Average Salary in Ukraine 2024

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


Average Monthly Salary
48,600 UAH
( 583,000 UAH yearly)

LOW
26,200
UAH
AVERAGE
48,600
UAH
HIGH
73,400
UAH
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 Ukraine typically earns around 48,600 UAH. Salaries range from 26,200 UAH (lowest) to 73,400 UAH (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Chief Financial Officer salaries in Ukraine 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 Ukraine

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

5% of people earn
43,300 UAH or more
10% of people earn
38,800 to 43,300 UAH
20% of people earn
28,800 UAH or less
65% of people earn
28,800 to 38,800 UAH
Minimum Salary
26,200 UAH
Median
43,400 UAH
Maximum
73,400 UAH




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 Ukraine range from 26,200 UAH (starting salary) to 73,400 UAH (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 43,400 UAH, half of the professionals who work as Chief Financial Officer in Ukraine 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 Ukraine earn less than 36,300 UAH, while 75% earn more. Similarly, the chart shows that 75% earn less than 49,000 UAH 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 Ukraine compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 28,800 UAH to 38,800 UAH. About 20% of salaries are below the 28,800 UAH mark, while 10% fall within the range of 38,800 UAH to 43,300 UAH. Only 5% of individuals have salaries exceeding 43,300 UAH.

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

How do experience and age affect pay?

0 - 2 Years
30,500 UAH
2 - 5 Years+26%
38,500 UAH
5 - 10 Years+32%
50,700 UAH
10 - 15 Years+18%
59,700 UAH
15 - 20 Years+11%
66,100 UAH
20+ Years+6%
70,300 UAH
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Ukraine 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 30,500 UAH.

While someone with an experience level between two and five years is expected to earn 38,500 UAH, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 50,700 UAH, 32% 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 59,700 UAH, 18% 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 66,100 UAH, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 70,300 UAH, 6% 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 / Ukraine

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
37,100 UAH
Certificate or Diploma+13%
41,800 UAH
Bachelor's Degree+32%
55,000 UAH
Master's Degree+24%
68,200 UAH
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Ukraine 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 37,100 UAH.


Level 2: Certificate or Diploma

At this level, the average salary becomes 41,800 UAH, 13% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 55,000 UAH, 32% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 68,200 UAH, 24% 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 Ukraine costs anywhere from 115,000 UAH to 346,000 UAH 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 / Ukraine

Salary comparison by gender Ukraine 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 Ukraine, the average difference between the salary of male and female employees is 8%.

Male
50,200 UAH
Female-8%
46,400 UAH
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ukraine for all Careers

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

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

Individuals working as Chief Financial Officer in Ukraine are likely to observe a salary increase of approximately 14% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Ukraine 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.

Ukraine / All Professions

Annual Salary Increment Rate Ukraine
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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 Ukraine is 5%.

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 / Ukraine

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ukraine Chief Financial Officer
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24% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 76% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus
76%
No Bonus
24%

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 / Ukraine


280 UAH per hour

The average hourly wage (pay per hour) for individuals working as Chief Financial Officer in Ukraine is 280 UAH.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 Ukraine is 150 UAH. 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 Coordinator21,100 UAH-57%
Account Director25,100 UAH-48%
Account Executive26,600 UAH-45%
Account Manager26,200 UAH-46%
Administration Manager27,500 UAH-43%
Administration Officer13,600 UAH-72%
Administration Supervisor21,900 UAH-55%
Administrative Clerk10,600 UAH-78%
Administrative Officer10,800 UAH-78%
Area Director23,400 UAH-52%
Area Manager25,500 UAH-48%
Asset Protection Associate27,400 UAH-44%
Assistant Director26,300 UAH-46%
Assistant General Manager28,600 UAH-41%
Assistant Manager28,000 UAH-42%
Assistant Managing Director33,300 UAH-31%
Assistant Operations Manager30,800 UAH-37%
Assistant Project Manager28,600 UAH-41%
Assistant Section Head22,600 UAH-53%
Assistant to CEO26,200 UAH-46%
Assistant Vice President28,700 UAH-41%
Associate Account Director26,300 UAH-46%
Associate Director26,500 UAH-45%
Bid Manager32,000 UAH-34%
Branch Manager28,800 UAH-41%
Business Development Manager32,300 UAH-34%
Business Operations Associate26,900 UAH-45%
Business Operations Lead28,500 UAH-41%
Campaign Manager31,800 UAH-35%
Catering Coordinator16,600 UAH-66%
Catering Manager27,800 UAH-43%
CEO53,600 UAH+10%
Chairman of The Board52,500 UAH+8%
Chairman Office Manager32,000 UAH-34%
Chief Commercial Officer39,300 UAH-19%
Chief Corporate Officer41,800 UAH-14%
Chief Digital Officer35,300 UAH-27%
Chief Digital Strategy Officer36,900 UAH-24%
Chief Digital Transformation Officer35,400 UAH-27%
Chief Ethics Officer30,700 UAH-37%
Chief Executive Officer51,700 UAH+6%
Chief Financial Officer48,600 UAH+0%
Chief Investment Officer40,600 UAH-16%
Chief of Staff25,600 UAH-47%
Chief Operating Officer39,800 UAH-18%
Chief Privacy Officer31,900 UAH-34%
Chief Resilience Officer36,700 UAH-24%
Chief Risk Officer34,400 UAH-29%
Chief Strategy Officer44,400 UAH-9%
Chief Trust and Safety Officer32,400 UAH-33%
Client Account Manager32,300 UAH-34%
Client Accounts Officer25,300 UAH-48%
Client Services Manager34,800 UAH-28%
Commercial Director36,400 UAH-25%
Commercial Manager30,800 UAH-37%
Commercial Project Manager29,900 UAH-38%
Commodity Broker21,700 UAH-55%
COO41,200 UAH-15%
Corporate Affairs Executive32,000 UAH-34%
Corporate Compliance Director35,400 UAH-27%
Corporate Director34,500 UAH-29%
Corporate Officer23,600 UAH-51%
Corporate Partnerships Officer24,100 UAH-50%
Country Manager42,000 UAH-14%
Department Head31,000 UAH-36%
Department Manager31,800 UAH-35%
Department Supervisor28,200 UAH-42%
Deputy Director36,600 UAH-25%
Deputy Manager37,300 UAH-23%
Director40,800 UAH-16%
Director of Accreditation35,200 UAH-28%
Director of Catering Services32,500 UAH-33%
Director of Client Services34,300 UAH-29%
Director of Facilities Management27,600 UAH-43%
Director of Operations35,200 UAH-28%
Director of Process Simplification26,800 UAH-45%
Director of Product Management34,900 UAH-28%
Director of Project Management36,700 UAH-24%
Director of Revenue Management30,600 UAH-37%
Director of Training and Development34,100 UAH-30%
Distribution Manager37,500 UAH-23%
Division Manager31,100 UAH-36%
Duty Manager29,400 UAH-39%
Engagement Manager37,300 UAH-23%
Executive Director50,100 UAH+3%
Executive Manager40,500 UAH-17%
Franchise Manager44,500 UAH-8%
General Manager40,700 UAH-16%
Generational Consultant28,600 UAH-41%
Global Master Data Manager37,100 UAH-24%
Global Technical Lead24,100 UAH-50%
Head of Investment35,500 UAH-27%
Head of Middle Office33,300 UAH-31%
Head of Projects35,200 UAH-28%
Head of Strategy37,700 UAH-22%
Head of Supply Chain31,600 UAH-35%
Head of Sustainability29,800 UAH-39%
Housing Manager28,700 UAH-41%
HSE Manager28,700 UAH-41%
Innovation Manager29,000 UAH-40%
Key Account Manager29,800 UAH-39%
Knowledge Manager32,900 UAH-32%
Location Manager31,200 UAH-36%
Logistics Executive26,000 UAH-46%
Logistics Manager28,300 UAH-42%
Management Consultant28,300 UAH-42%
Management Executive36,700 UAH-24%
Manager34,400 UAH-29%
Managing Director44,000 UAH-9%
MIS Executive35,400 UAH-27%
Ocean Services Manager36,200 UAH-25%
Online Business Manager50,400 UAH+4%
Operational Manager37,100 UAH-24%
Operations Analyst29,500 UAH-39%
Operations Assistant25,700 UAH-47%
Operations Director37,400 UAH-23%
Operations Executive39,400 UAH-19%
Operations Manager39,500 UAH-19%
Operations Supervisor33,600 UAH-31%
Planning Director36,100 UAH-26%
PMO Manager32,900 UAH-32%
Policy Administration Executive28,600 UAH-41%
Private Sector Executive31,100 UAH-36%
Product Development Manager36,400 UAH-25%
Product Executive30,500 UAH-37%
Production Executive35,300 UAH-27%
Production Manager36,400 UAH-25%
Production Supervisor31,200 UAH-36%
Program Director36,100 UAH-26%
Program Manager35,900 UAH-26%
Programme Coordinator26,200 UAH-46%
Project Control Manager37,200 UAH-23%
Project Coordinator22,400 UAH-54%
Project Management Officer24,300 UAH-50%
Project Manager26,900 UAH-45%
Project Portfolio Manager28,200 UAH-42%
Quality Manager26,900 UAH-45%
R/D Director31,500 UAH-35%
Regional Director47,100 UAH-3%
Regional Manager36,200 UAH-25%
Relationship Manager34,800 UAH-28%
Retail District Manager23,900 UAH-51%
Revenue Manager28,000 UAH-42%
Risk and Capital Manager41,300 UAH-15%
Risk Officer25,700 UAH-47%
Safety Manager26,900 UAH-45%
Section Head27,700 UAH-43%
Service Manager27,000 UAH-44%
Shift Supervisor21,600 UAH-56%
Solutions Manager24,300 UAH-50%
Supervisor22,200 UAH-54%
Supply Chain Manager35,500 UAH-27%
Surveyor25,500 UAH-48%
Technical Director34,700 UAH-29%
Technical Manager32,600 UAH-33%
Territory Manager34,700 UAH-29%
Validation Manager29,300 UAH-40%
Vice President40,400 UAH-17%
Zone Manager35,800 UAH-26%

Salary Comparison By City

CityAverage Salary
Kyiv52,600 UAH

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 Ukraine is 7% on average across all career fields.

Private Sector
22,100 UAH
Public Sector+7%
23,700 UAH
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 Ukraine?

A good and competitive compensation would range anywhere between 43,400 UAH and 49,000 UAH. 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 Ukraine ranges from 26,200 UAH to 36,300 UAH. 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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