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Chief Financial Officer Average Salary in Finland 2024

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


Average Monthly Salary
9,770 EUR
( 117,000 EUR yearly)

LOW
5,280
EUR
AVERAGE
9,770
EUR
HIGH
14,800
EUR
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 Finland typically earns around 9,770 EUR. Salaries range from 5,280 EUR (lowest) to 14,800 EUR (highest).


Salary Variance

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

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

5% of people earn
8,710 EUR or more
10% of people earn
7,800 to 8,710 EUR
20% of people earn
5,790 EUR or less
65% of people earn
5,790 to 7,800 EUR
Minimum Salary
5,280 EUR
Median
8,730 EUR
Maximum
14,800 EUR




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 Finland range from 5,280 EUR (starting salary) to 14,800 EUR (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 8,730 EUR, half of the professionals who work as Chief Financial Officer in Finland 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 Finland earn less than 7,310 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 9,860 EUR 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 Finland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 5,790 EUR to 7,800 EUR. About 20% of salaries are below the 5,790 EUR mark, while 10% fall within the range of 7,800 EUR to 8,710 EUR. Only 5% of individuals have salaries exceeding 8,710 EUR.

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

How do experience and age affect pay?

0 - 2 Years
6,130 EUR
2 - 5 Years+26%
7,740 EUR
5 - 10 Years+32%
10,200 EUR
10 - 15 Years+18%
12,000 EUR
15 - 20 Years+11%
13,300 EUR
20+ Years+6%
14,100 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Finland 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 6,130 EUR.

While someone with an experience level between two and five years is expected to earn 7,740 EUR, 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 10,200 EUR, 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 12,000 EUR, 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 13,300 EUR, 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 14,100 EUR, 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 / Finland

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
7,460 EUR
Certificate or Diploma+13%
8,410 EUR
Bachelor's Degree+32%
11,100 EUR
Master's Degree+24%
13,700 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Finland 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 7,460 EUR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 8,410 EUR, 13% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 11,100 EUR, 32% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 13,700 EUR, 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 Finland costs anywhere from 23,500 EUR to 70,600 EUR 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 / Finland

Salary comparison by gender Finland 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 Finland, the average difference between the salary of male and female employees is 4%.

Male
9,970 EUR
Female-4%
9,570 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Finland for all Careers

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

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

Individuals working as Chief Financial Officer in Finland are likely to observe a salary increase of approximately 14% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Finland 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.

Finland / All Professions

Annual Salary Increment Rate Finland
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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 Finland is 6%.

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 / Finland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Finland Chief Financial Officer
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20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% 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
80%
No Bonus
20%

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 / Finland


56 EUR per hour

The average hourly wage (pay per hour) for individuals working as Chief Financial Officer in Finland is 56 EUR.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 Finland is 30 EUR. 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 Coordinator4,460 EUR-54%
Account Director5,180 EUR-47%
Account Executive5,440 EUR-44%
Account Manager5,100 EUR-48%
Administration Manager5,010 EUR-49%
Administration Officer2,600 EUR-73%
Administration Supervisor4,370 EUR-55%
Administrative Clerk1,950 EUR-80%
Administrative Officer2,040 EUR-79%
Area Director4,980 EUR-49%
Area Manager4,990 EUR-49%
Asset Protection Associate5,320 EUR-46%
Assistant Director5,310 EUR-46%
Assistant General Manager5,430 EUR-44%
Assistant Manager5,570 EUR-43%
Assistant Managing Director6,400 EUR-35%
Assistant Operations Manager5,900 EUR-40%
Assistant Project Manager5,430 EUR-44%
Assistant Section Head4,270 EUR-56%
Assistant to CEO4,750 EUR-51%
Assistant Vice President5,440 EUR-44%
Associate Account Director5,400 EUR-45%
Associate Director5,580 EUR-43%
Bid Manager6,070 EUR-38%
Branch Manager6,050 EUR-38%
Business Development Manager6,380 EUR-35%
Business Operations Associate5,160 EUR-47%
Business Operations Lead5,720 EUR-41%
Campaign Manager6,080 EUR-38%
Catering Coordinator3,180 EUR-67%
Catering Manager5,280 EUR-46%
CEO10,600 EUR+8%
Chairman of The Board10,100 EUR+3%
Chairman Office Manager6,490 EUR-34%
Chief Commercial Officer7,410 EUR-24%
Chief Corporate Officer8,650 EUR-11%
Chief Digital Officer6,840 EUR-30%
Chief Digital Strategy Officer7,500 EUR-23%
Chief Digital Transformation Officer6,830 EUR-30%
Chief Ethics Officer6,500 EUR-33%
Chief Executive Officer10,300 EUR+5%
Chief Financial Officer9,770 EUR-0%
Chief Investment Officer7,620 EUR-22%
Chief of Staff4,950 EUR-49%
Chief Operating Officer7,520 EUR-23%
Chief Privacy Officer6,220 EUR-36%
Chief Resilience Officer7,820 EUR-20%
Chief Risk Officer6,690 EUR-32%
Chief Strategy Officer8,060 EUR-18%
Chief Trust and Safety Officer6,460 EUR-34%
Client Account Manager6,130 EUR-37%
Client Accounts Officer5,020 EUR-49%
Client Services Manager6,720 EUR-31%
Commercial Director6,780 EUR-31%
Commercial Manager5,990 EUR-39%
Commercial Project Manager5,340 EUR-45%
Commodity Broker4,320 EUR-56%
COO7,740 EUR-21%
Corporate Affairs Executive6,250 EUR-36%
Corporate Compliance Director6,340 EUR-35%
Corporate Director7,170 EUR-27%
Corporate Officer4,900 EUR-50%
Corporate Partnerships Officer4,950 EUR-49%
Country Manager8,110 EUR-17%
Department Head6,370 EUR-35%
Department Manager6,200 EUR-37%
Department Supervisor5,210 EUR-47%
Deputy Director7,210 EUR-26%
Deputy Manager7,100 EUR-27%
Director8,160 EUR-16%
Director of Accreditation6,580 EUR-33%
Director of Catering Services6,360 EUR-35%
Director of Client Services6,250 EUR-36%
Director of Facilities Management5,670 EUR-42%
Director of Operations6,910 EUR-29%
Director of Process Simplification5,200 EUR-47%
Director of Product Management7,020 EUR-28%
Director of Project Management7,380 EUR-24%
Director of Revenue Management6,200 EUR-37%
Director of Training and Development6,300 EUR-36%
Distribution Manager7,250 EUR-26%
Division Manager6,100 EUR-38%
Duty Manager6,110 EUR-37%
Engagement Manager7,470 EUR-24%
Executive Director10,200 EUR+4%
Executive Manager8,470 EUR-13%
Franchise Manager8,360 EUR-14%
General Manager7,820 EUR-20%
Generational Consultant5,380 EUR-45%
Global Master Data Manager6,850 EUR-30%
Global Technical Lead4,640 EUR-53%
Head of Investment6,970 EUR-29%
Head of Middle Office6,620 EUR-32%
Head of Projects7,080 EUR-28%
Head of Strategy7,550 EUR-23%
Head of Supply Chain5,980 EUR-39%
Head of Sustainability5,910 EUR-40%
Housing Manager5,450 EUR-44%
HSE Manager5,700 EUR-42%
Innovation Manager5,520 EUR-44%
Key Account Manager5,720 EUR-41%
Knowledge Manager6,310 EUR-35%
Location Manager6,450 EUR-34%
Logistics Executive5,310 EUR-46%
Logistics Manager5,220 EUR-47%
Management Consultant5,160 EUR-47%
Management Executive7,140 EUR-27%
Manager6,530 EUR-33%
Managing Director8,420 EUR-14%
MIS Executive6,490 EUR-34%
Ocean Services Manager6,840 EUR-30%
Online Business Manager9,250 EUR-5%
Operational Manager7,380 EUR-24%
Operations Analyst5,830 EUR-40%
Operations Assistant5,050 EUR-48%
Operations Director7,880 EUR-19%
Operations Executive7,350 EUR-25%
Operations Manager7,850 EUR-20%
Operations Supervisor6,150 EUR-37%
Planning Director7,230 EUR-26%
PMO Manager6,110 EUR-37%
Policy Administration Executive5,830 EUR-40%
Private Sector Executive5,950 EUR-39%
Product Development Manager6,790 EUR-31%
Product Executive6,170 EUR-37%
Production Executive6,710 EUR-31%
Production Manager6,610 EUR-32%
Production Supervisor5,680 EUR-42%
Program Director7,250 EUR-26%
Program Manager7,160 EUR-27%
Programme Coordinator4,680 EUR-52%
Project Control Manager7,360 EUR-25%
Project Coordinator4,010 EUR-59%
Project Management Officer4,760 EUR-51%
Project Manager5,360 EUR-45%
Project Portfolio Manager5,230 EUR-46%
Quality Manager5,630 EUR-42%
R/D Director6,140 EUR-37%
Regional Director9,320 EUR-5%
Regional Manager7,020 EUR-28%
Relationship Manager6,540 EUR-33%
Retail District Manager5,060 EUR-48%
Revenue Manager5,140 EUR-47%
Risk and Capital Manager7,860 EUR-20%
Risk Officer5,120 EUR-48%
Safety Manager5,250 EUR-46%
Section Head5,030 EUR-49%
Service Manager5,560 EUR-43%
Shift Supervisor4,190 EUR-57%
Solutions Manager4,660 EUR-52%
Supervisor4,380 EUR-55%
Supply Chain Manager7,470 EUR-24%
Surveyor4,610 EUR-53%
Technical Director6,420 EUR-34%
Technical Manager6,410 EUR-34%
Territory Manager6,600 EUR-32%
Validation Manager5,960 EUR-39%
Vice President8,350 EUR-15%
Zone Manager7,010 EUR-28%

Salary Comparison By City

CityAverage Salary
Helsinki9,920 EUR

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 Finland is 5% on average across all career fields.

Private Sector
4,590 EUR
Public Sector+5%
4,810 EUR
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 Finland?

A good and competitive compensation would range anywhere between 8,730 EUR and 9,860 EUR. 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 Finland ranges from 5,280 EUR to 7,310 EUR. 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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