A person working as a Financial Manager in Fiji typically earns around 10,700 FJD per month. Salaries range from 4,940 FJD (lowest) to 17,100 FJD (highest).
This is the average monthly salary including housing, transport, and other benefits. Financial Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Manager salaries in Fiji range from 4,940 FJD per month (minimum salary) to 17,100 FJD per month (maximum salary).
The median salary is 11,600 FJD per month, which means that half (50%) of people working as Financial Manager(s) are earning less than 11,600 FJD while the other half are earning more than 11,600 FJD. 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 Manager(s) are earning less than 7,450 FJD while 75% of them are earning more than 7,450 FJD. Also from the diagram, 75% of Financial Manager(s) are earning less than 15,500 FJD while 25% are earning more than 15,500 FJD.
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 Manager salaries by experience level and this is what we found.
A Financial Manager with less than two years of experience makes approximately 5,610 FJD per month.
While someone with an experience level between two and five years is expected to earn 7,490 FJD 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 11,100 FJD per month, 48% more than someone with two to five years of experience.
Additionally, Financial Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 13,500 FJD 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 14,700 FJD 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 15,900 FJD 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 Financial Manager salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of a Financial Manager is 6,400 FJD per month.
While someone with a Bachelor's Degree gets a salary of 10,000 FJD per month, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 16,800 FJD per month, 68% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Fiji costs anywhere from 29,200 Fiji Dollar(s) to 87,700 Fiji Dollar(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 Manager employees in Fiji earn 16% more than their female counterparts.
Financial Manager(s) in Fiji are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 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 Fiji 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 Manager 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.
32% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 68% 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 Financial Manager employees in Fiji earn 25% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Financial Manager salaries in Fiji 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 Financial Manager is 90% 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||3,290 FJD||-69%|
|Account Executive||5,210 FJD||-52%|
|Accounting Assistant||3,580 FJD||-67%|
|Accounting Associate||3,880 FJD||-64%|
|Accounting Clerk||2,810 FJD||-74%|
|Accounting Coordinator||2,950 FJD||-73%|
|Accounting Manager||7,550 FJD||-30%|
|Accounting Supervisor||5,100 FJD||-53%|
|Accounting Technician||3,320 FJD||-69%|
|Accounts Executive||4,700 FJD||-56%|
|Accounts Payable and Receivable Specialist||4,390 FJD||-59%|
|Accounts Payable Clerk||2,870 FJD||-73%|
|Accounts Payable Manager||5,640 FJD||-48%|
|Accounts Receivable Clerk||3,210 FJD||-70%|
|Accounts Receivable Manager||6,260 FJD||-42%|
|Assistant Accounting Manager||4,660 FJD||-57%|
|Assistant Auditor||4,260 FJD||-60%|
|Audit Supervisor||7,170 FJD||-33%|
|Auditing Clerk||3,620 FJD||-66%|
|Auditing Manager||7,420 FJD||-31%|
|Billing Coordinator||4,620 FJD||-57%|
|Billing Specialist||4,420 FJD||-59%|
|Billing Supervisor||5,210 FJD||-52%|
|Bookkeeping Specialist||3,790 FJD||-65%|
|Budget Analyst||4,660 FJD||-57%|
|Budget Manager||6,620 FJD||-38%|
|Business Support Analyst||5,200 FJD||-52%|
|Capital Markets Associate||5,920 FJD||-45%|
|Cash Flow Analyst||5,420 FJD||-50%|
|Cash Management Officer||5,310 FJD||-51%|
|Cashbook Clerk||3,670 FJD||-66%|
|Chartered Accountant||4,750 FJD||-56%|
|Collections Clerk||2,810 FJD||-74%|
|Collections Specialist||3,870 FJD||-64%|
|Corporate Treasurer||10,200 FJD||-5%|
|Cost Accountant||4,710 FJD||-56%|
|Cost Accounting Manager||6,040 FJD||-44%|
|Cost Analyst||5,530 FJD||-49%|
|Credit and Collection Manager||6,410 FJD||-40%|
|Credit and Collection Staff||3,290 FJD||-69%|
|Credit and Loans Officer||3,020 FJD||-72%|
|Credit Controller||5,270 FJD||-51%|
|Debt Adviser||6,770 FJD||-37%|
|Debt Collector||4,630 FJD||-57%|
|Debtors Clerk||4,070 FJD||-62%|
|Deputy CFO||10,000 FJD||-7%|
|Derivative Trader||7,550 FJD||-30%|
|Escrow Assistant||4,500 FJD||-58%|
|External Auditor||5,870 FJD||-45%|
|Finance Associate||4,100 FJD||-62%|
|Finance Executive||9,420 FJD||-12%|
|Finance Licensing Clerk||3,430 FJD||-68%|
|Finance Licensing Manager||5,890 FJD||-45%|
|Finance Licensing Specialist||4,510 FJD||-58%|
|Finance Officer||6,630 FJD||-38%|
|Finance President||11,300 FJD||+5%|
|Finance Relationship Manager||7,600 FJD||-29%|
|Finance Release Analyst||5,450 FJD||-49%|
|Finance Team Leader||5,710 FJD||-47%|
|Financial Actuary||5,330 FJD||-50%|
|Financial Administrator||4,600 FJD||-57%|
|Financial Analyst||5,760 FJD||-46%|
|Financial Applications Specialist||3,790 FJD||-65%|
|Financial Assistant||3,340 FJD||-69%|
|Financial Associate||4,290 FJD||-60%|
|Financial Claims Analyst||5,010 FJD||-53%|
|Financial Claims Manager||6,110 FJD||-43%|
|Financial Commercial Analyst||4,890 FJD||-54%|
|Financial Compliance Analyst||5,530 FJD||-49%|
|Financial Consultant||5,160 FJD||-52%|
|Financial Controller||5,500 FJD||-49%|
|Financial Coordinator||4,890 FJD||-54%|
|Financial Customer Service Manager||6,670 FJD||-38%|
|Financial Dealer and Broker||5,070 FJD||-53%|
|Financial Encoder||3,250 FJD||-70%|
|Financial Manager||10,700 FJD||-0%|
|Financial Operations Manager||8,390 FJD||-22%|
|Financial Policy Analyst||5,440 FJD||-49%|
|Financial Project Manager||5,400 FJD||-50%|
|Financial Quantitative Analyst||6,160 FJD||-43%|
|Financial Reporting Consultant||5,300 FJD||-51%|
|Financial Reporting Manager||6,610 FJD||-38%|
|Financial Services Sales Agent||4,810 FJD||-55%|
|Fixed Assets Administrator||4,710 FJD||-56%|
|Forensic Accountant||4,290 FJD||-60%|
|Fraud Detection Supervisor||5,050 FJD||-53%|
|Fraud Prevention Manager||8,290 FJD||-23%|
|Fund Accountant||4,140 FJD||-61%|
|Grants Coordinator||3,670 FJD||-66%|
|Internal Auditor||5,780 FJD||-46%|
|Internal Control Adviser||5,670 FJD||-47%|
|Internal Control Officer||5,130 FJD||-52%|
|Inventory Accountant||9,200 FJD||-14%|
|Investment Analyst||6,880 FJD||-36%|
|Investment Fund Manager||7,760 FJD||-28%|
|Investment Underwriter||3,390 FJD||-68%|
|Investor Relations Manager||6,690 FJD||-38%|
|KYC Team Leader||6,540 FJD||-39%|
|Management Economist||5,950 FJD||-45%|
|Payroll Clerk||3,180 FJD||-70%|
|Payroll Manager||5,820 FJD||-46%|
|Pensions Administrator||4,150 FJD||-61%|
|Pricing Analyst||6,330 FJD||-41%|
|Private Equity Analyst||6,480 FJD||-40%|
|Proposal Development Coordinator||4,080 FJD||-62%|
|Receivables Accountant||3,630 FJD||-66%|
|Regulatory Accountant||4,300 FJD||-60%|
|Retirement Plan Analyst||5,530 FJD||-49%|
|Revenue Management Specialist||4,990 FJD||-54%|
|Revenue Recognition Analyst||7,370 FJD||-31%|
|Risk Management Director||8,750 FJD||-19%|
|Risk Management Supervisor||6,530 FJD||-39%|
|Tax Accountant||3,910 FJD||-64%|
|Tax Advisor||5,370 FJD||-50%|
|Tax Associate||4,490 FJD||-58%|
|Tax Manager||8,400 FJD||-22%|
|Treasury Accountant||4,280 FJD||-60%|
|Treasury Analyst||5,970 FJD||-44%|
|Underwriting Assistant||2,970 FJD||-72%|
|Vice President of Finance||7,780 FJD||-28%|