A person working as a Corporate Treasurer in Czech Republic typically earns around 183,000 CZK per month. Salaries range from 84,000 CZK (lowest) to 290,000 CZK (highest).
This is the average monthly salary including housing, transport, and other benefits. Corporate Treasurer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Corporate Treasurer salaries in Czech Republic range from 84,000 CZK per month (minimum salary) to 290,000 CZK per month (maximum salary).
The median salary is 197,000 CZK per month, which means that half (50%) of people working as Corporate Treasurer(s) are earning less than 197,000 CZK while the other half are earning more than 197,000 CZK. 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 Corporate Treasurer(s) are earning less than 127,000 CZK while 75% of them are earning more than 127,000 CZK. Also from the diagram, 75% of Corporate Treasurer(s) are earning less than 263,000 CZK while 25% are earning more than 263,000 CZK.
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 Corporate Treasurer salaries by experience level and this is what we found.
A Corporate Treasurer with less than two years of experience makes approximately 95,400 CZK per month.
While someone with an experience level between two and five years is expected to earn 127,000 CZK per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 188,000 CZK per month, 48% more than someone with two to five years of experience.
Additionally, Corporate Treasurer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 230,000 CZK 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 250,000 CZK 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 271,000 CZK per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|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 Corporate Treasurer salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Corporate Treasurer is 117,000 CZK per month.
While someone with a Certificate or Diploma gets a salary of 138,000 CZK per month, 18% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 200,000 CZK 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 262,000 CZK per month, 31% more than someone with Bachelor's Degree.
|Certificate or Diploma||+18%|
A Master's degree program or any post-graduate program in Czech Republic costs anywhere from 532,000 Czech Koruna(s) to 1,600,000 Czech Koruna(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 Corporate Treasurer employees in Czech Republic earn 10% more than their female counterparts.
Corporate Treasurer(s) in Czech Republic are likely to observe a salary increase of approximately 12% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 18 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 Czech Republic 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 Corporate Treasurer 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.
15% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 85% 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.
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 Corporate Treasurer employees in Czech Republic earn 7% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Corporate Treasurer salaries in Czech Republic are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Corporate Treasurer is 77% 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||62,100 CZK||-66%|
|Account Executive||95,800 CZK||-48%|
|Accounting Assistant||67,200 CZK||-63%|
|Accounting Associate||72,500 CZK||-60%|
|Accounting Clerk||51,900 CZK||-72%|
|Accounting Coordinator||55,700 CZK||-70%|
|Accounting Manager||138,000 CZK||-24%|
|Accounting Supervisor||102,000 CZK||-44%|
|Accounting Technician||61,900 CZK||-66%|
|Accounts Executive||90,000 CZK||-51%|
|Accounts Payable and Receivable Specialist||85,200 CZK||-53%|
|Accounts Payable Clerk||51,400 CZK||-72%|
|Accounts Payable Manager||110,000 CZK||-40%|
|Accounts Receivable Clerk||56,000 CZK||-69%|
|Accounts Receivable Manager||118,000 CZK||-35%|
|Assistant Accounting Manager||92,300 CZK||-49%|
|Assistant Auditor||73,400 CZK||-60%|
|Audit Supervisor||139,000 CZK||-24%|
|Auditing Clerk||70,300 CZK||-62%|
|Auditing Manager||150,000 CZK||-18%|
|Billing Coordinator||85,400 CZK||-53%|
|Billing Specialist||77,300 CZK||-58%|
|Billing Supervisor||101,000 CZK||-45%|
|Bookkeeping Specialist||70,800 CZK||-61%|
|Budget Analyst||87,300 CZK||-52%|
|Budget Manager||122,000 CZK||-33%|
|Business Support Analyst||89,500 CZK||-51%|
|Capital Markets Associate||106,000 CZK||-42%|
|Cash Flow Analyst||109,000 CZK||-40%|
|Cash Management Officer||93,700 CZK||-49%|
|Cashbook Clerk||65,200 CZK||-64%|
|Chartered Accountant||91,400 CZK||-50%|
|Collections Clerk||53,000 CZK||-71%|
|Collections Specialist||69,100 CZK||-62%|
|Corporate Treasurer||183,000 CZK||+0%|
|Cost Accountant||87,100 CZK||-52%|
|Cost Accounting Manager||106,000 CZK||-42%|
|Cost Analyst||106,000 CZK||-42%|
|Credit and Collection Manager||118,000 CZK||-35%|
|Credit and Collection Staff||57,200 CZK||-69%|
|Credit and Loans Officer||57,000 CZK||-69%|
|Credit Controller||103,000 CZK||-44%|
|Debt Adviser||126,000 CZK||-31%|
|Debt Collector||94,100 CZK||-48%|
|Debtors Clerk||76,400 CZK||-58%|
|Deputy CFO||180,000 CZK||-1%|
|Derivative Trader||151,000 CZK||-17%|
|Escrow Assistant||82,200 CZK||-55%|
|External Auditor||106,000 CZK||-42%|
|Finance Associate||79,300 CZK||-57%|
|Finance Executive||170,000 CZK||-7%|
|Finance Licensing Clerk||67,900 CZK||-63%|
|Finance Licensing Manager||104,000 CZK||-43%|
|Finance Licensing Specialist||78,500 CZK||-57%|
|Finance Officer||117,000 CZK||-36%|
|Finance President||210,000 CZK||+15%|
|Finance Relationship Manager||138,000 CZK||-24%|
|Finance Release Analyst||93,900 CZK||-49%|
|Finance Team Leader||108,000 CZK||-41%|
|Financial Actuary||103,000 CZK||-44%|
|Financial Administrator||88,200 CZK||-52%|
|Financial Analyst||107,000 CZK||-41%|
|Financial Applications Specialist||67,600 CZK||-63%|
|Financial Assistant||65,000 CZK||-64%|
|Financial Associate||79,000 CZK||-57%|
|Financial Claims Analyst||95,100 CZK||-48%|
|Financial Claims Manager||114,000 CZK||-38%|
|Financial Commercial Analyst||93,000 CZK||-49%|
|Financial Compliance Analyst||107,000 CZK||-41%|
|Financial Consultant||99,300 CZK||-46%|
|Financial Controller||95,300 CZK||-48%|
|Financial Coordinator||84,600 CZK||-54%|
|Financial Customer Service Manager||122,000 CZK||-33%|
|Financial Dealer and Broker||95,500 CZK||-48%|
|Financial Encoder||58,900 CZK||-68%|
|Financial Manager||218,000 CZK||+19%|
|Financial Operations Manager||152,000 CZK||-17%|
|Financial Policy Analyst||107,000 CZK||-41%|
|Financial Project Manager||94,900 CZK||-48%|
|Financial Quantitative Analyst||112,000 CZK||-39%|
|Financial Reporting Consultant||101,000 CZK||-45%|
|Financial Reporting Manager||130,000 CZK||-29%|
|Financial Services Sales Agent||93,600 CZK||-49%|
|Fixed Assets Administrator||85,400 CZK||-53%|
|Forensic Accountant||78,000 CZK||-57%|
|Fraud Detection Supervisor||101,000 CZK||-45%|
|Fraud Prevention Manager||147,000 CZK||-20%|
|Fund Accountant||72,300 CZK||-60%|
|Grants Coordinator||68,500 CZK||-62%|
|Internal Auditor||103,000 CZK||-44%|
|Internal Control Adviser||113,000 CZK||-38%|
|Internal Control Officer||91,200 CZK||-50%|
|Inventory Accountant||163,000 CZK||-11%|
|Investment Analyst||129,000 CZK||-29%|
|Investment Fund Manager||133,000 CZK||-27%|
|Investment Underwriter||63,200 CZK||-65%|
|Investor Relations Manager||130,000 CZK||-29%|
|KYC Team Leader||123,000 CZK||-33%|
|Management Economist||116,000 CZK||-36%|
|Payroll Clerk||59,400 CZK||-67%|
|Payroll Manager||107,000 CZK||-41%|
|Pensions Administrator||80,600 CZK||-56%|
|Pricing Analyst||116,000 CZK||-36%|
|Private Equity Analyst||109,000 CZK||-40%|
|Proposal Development Coordinator||79,300 CZK||-57%|
|Receivables Accountant||72,000 CZK||-61%|
|Regulatory Accountant||79,900 CZK||-56%|
|Retirement Plan Analyst||110,000 CZK||-40%|
|Revenue Management Specialist||88,600 CZK||-51%|
|Revenue Recognition Analyst||130,000 CZK||-29%|
|Risk Management Director||165,000 CZK||-10%|
|Risk Management Supervisor||121,000 CZK||-34%|
|Tax Accountant||75,500 CZK||-59%|
|Tax Advisor||103,000 CZK||-44%|
|Tax Associate||77,400 CZK||-58%|
|Tax Manager||154,000 CZK||-16%|
|Treasury Accountant||79,100 CZK||-57%|
|Treasury Analyst||113,000 CZK||-38%|
|Underwriting Assistant||56,900 CZK||-69%|
|Vice President of Finance||155,000 CZK||-15%|