A person working as a Financial Analyst in Germany typically earns around 11,800 EUR per month. Salaries range from 5,430 EUR (lowest) to 18,800 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Financial Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Analyst salaries in Germany range from 5,430 EUR per month (minimum salary) to 18,800 EUR per month (maximum salary).
The median salary is 12,700 EUR per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 12,700 EUR while the other half are earning more than 12,700 EUR. 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 Analyst(s) are earning less than 8,170 EUR while 75% of them are earning more than 8,170 EUR. Also from the diagram, 75% of Financial Analyst(s) are earning less than 17,000 EUR while 25% are earning more than 17,000 EUR.
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 Analyst salaries by experience level and this is what we found.
A Financial Analyst with less than two years of experience makes approximately 6,160 EUR per month.
While someone with an experience level between two and five years is expected to earn 8,220 EUR 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 12,200 EUR per month, 48% more than someone with two to five years of experience.
Additionally, Financial Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,800 EUR 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 16,200 EUR 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 17,500 EUR 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 Analyst salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Financial Analyst is 7,560 EUR per month.
While someone with a Certificate or Diploma gets a salary of 8,890 EUR per month, 18% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 12,900 EUR 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 16,900 EUR 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 Germany costs anywhere from 59,400 Euro(s) to 178,000 Euro(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 Analyst employees in Germany earn 7% more than their female counterparts.
Financial Analyst(s) in Germany are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 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 Germany 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 Analyst is considered to be a moderate 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.
39% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 61% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% 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 Analyst employees in Germany earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Financial Analyst salaries in Germany 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 Analyst is 3% 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||7,230 EUR||-39%|
|Account Executive||10,500 EUR||-11%|
|Accounting Assistant||7,140 EUR||-39%|
|Accounting Associate||7,310 EUR||-38%|
|Accounting Clerk||5,650 EUR||-52%|
|Accounting Coordinator||6,500 EUR||-45%|
|Accounting Manager||15,300 EUR||+30%|
|Accounting Supervisor||10,800 EUR||-8%|
|Accounting Technician||6,770 EUR||-43%|
|Accounts Executive||9,260 EUR||-21%|
|Accounts Payable and Receivable Specialist||9,100 EUR||-23%|
|Accounts Payable Clerk||5,880 EUR||-50%|
|Accounts Payable Manager||11,700 EUR||-1%|
|Accounts Receivable Clerk||6,070 EUR||-49%|
|Accounts Receivable Manager||11,900 EUR||+1%|
|Assistant Accounting Manager||9,170 EUR||-22%|
|Assistant Auditor||8,760 EUR||-26%|
|Audit Supervisor||14,300 EUR||+21%|
|Auditing Clerk||7,210 EUR||-39%|
|Auditing Manager||15,300 EUR||+30%|
|Billing Coordinator||9,490 EUR||-20%|
|Billing Specialist||9,200 EUR||-22%|
|Billing Supervisor||11,100 EUR||-6%|
|Bookkeeping Specialist||7,740 EUR||-34%|
|Budget Analyst||9,110 EUR||-23%|
|Budget Manager||13,100 EUR||+11%|
|Business Support Analyst||10,700 EUR||-9%|
|Capital Markets Associate||11,400 EUR||-3%|
|Cash Flow Analyst||10,800 EUR||-8%|
|Cash Management Officer||10,800 EUR||-8%|
|Cashbook Clerk||6,840 EUR||-42%|
|Chartered Accountant||9,720 EUR||-18%|
|Collections Clerk||5,820 EUR||-51%|
|Collections Specialist||7,500 EUR||-36%|
|Corporate Treasurer||19,800 EUR||+68%|
|Cost Accountant||9,120 EUR||-23%|
|Cost Accounting Manager||11,800 EUR||+0%|
|Cost Analyst||10,900 EUR||-8%|
|Credit and Collection Manager||12,600 EUR||+7%|
|Credit and Collection Staff||6,210 EUR||-47%|
|Credit and Loans Officer||6,640 EUR||-44%|
|Credit Controller||10,300 EUR||-13%|
|Debt Adviser||14,400 EUR||+22%|
|Debt Collector||9,940 EUR||-16%|
|Debtors Clerk||8,450 EUR||-28%|
|Deputy CFO||20,200 EUR||+71%|
|Derivative Trader||16,000 EUR||+36%|
|Escrow Assistant||9,100 EUR||-23%|
|External Auditor||11,100 EUR||-6%|
|Finance Associate||8,360 EUR||-29%|
|Finance Executive||17,800 EUR||+51%|
|Finance Licensing Clerk||6,740 EUR||-43%|
|Finance Licensing Manager||11,700 EUR||-1%|
|Finance Licensing Specialist||9,050 EUR||-23%|
|Finance Officer||13,200 EUR||+12%|
|Finance President||21,800 EUR||+85%|
|Finance Relationship Manager||15,800 EUR||+34%|
|Finance Release Analyst||10,600 EUR||-10%|
|Finance Team Leader||12,500 EUR||+6%|
|Financial Actuary||11,600 EUR||-2%|
|Financial Administrator||9,640 EUR||-18%|
|Financial Analyst||11,800 EUR||+0%|
|Financial Applications Specialist||7,490 EUR||-36%|
|Financial Assistant||6,660 EUR||-44%|
|Financial Associate||8,000 EUR||-32%|
|Financial Claims Analyst||10,400 EUR||-12%|
|Financial Claims Manager||11,500 EUR||-2%|
|Financial Commercial Analyst||9,660 EUR||-18%|
|Financial Compliance Analyst||11,000 EUR||-7%|
|Financial Consultant||10,600 EUR||-10%|
|Financial Controller||11,100 EUR||-6%|
|Financial Coordinator||9,450 EUR||-20%|
|Financial Customer Service Manager||13,500 EUR||+14%|
|Financial Dealer and Broker||10,300 EUR||-13%|
|Financial Encoder||6,360 EUR||-46%|
|Financial Manager||23,100 EUR||+96%|
|Financial Operations Manager||15,500 EUR||+31%|
|Financial Policy Analyst||11,400 EUR||-3%|
|Financial Project Manager||10,600 EUR||-10%|
|Financial Quantitative Analyst||12,800 EUR||+9%|
|Financial Reporting Consultant||10,700 EUR||-9%|
|Financial Reporting Manager||13,900 EUR||+18%|
|Financial Services Sales Agent||10,200 EUR||-14%|
|Fixed Assets Administrator||8,690 EUR||-26%|
|Forensic Accountant||8,880 EUR||-25%|
|Fraud Detection Supervisor||10,300 EUR||-13%|
|Fraud Prevention Manager||15,500 EUR||+31%|
|Fund Accountant||8,600 EUR||-27%|
|Grants Coordinator||6,910 EUR||-41%|
|Internal Auditor||12,200 EUR||+3%|
|Internal Control Adviser||11,600 EUR||-2%|
|Internal Control Officer||9,580 EUR||-19%|
|Inventory Accountant||18,300 EUR||+55%|
|Investment Analyst||14,600 EUR||+24%|
|Investment Fund Manager||15,400 EUR||+31%|
|Investment Underwriter||6,770 EUR||-43%|
|Investor Relations Manager||14,200 EUR||+20%|
|KYC Team Leader||13,000 EUR||+10%|
|Management Economist||12,600 EUR||+7%|
|Payroll Clerk||6,500 EUR||-45%|
|Payroll Manager||10,800 EUR||-8%|
|Pensions Administrator||8,780 EUR||-26%|
|Pricing Analyst||11,800 EUR||+0%|
|Private Equity Analyst||12,300 EUR||+4%|
|Proposal Development Coordinator||8,640 EUR||-27%|
|Receivables Accountant||7,150 EUR||-39%|
|Regulatory Accountant||8,810 EUR||-25%|
|Retirement Plan Analyst||11,300 EUR||-4%|
|Revenue Management Specialist||9,310 EUR||-21%|
|Revenue Recognition Analyst||14,100 EUR||+20%|
|Risk Management Director||17,000 EUR||+44%|
|Risk Management Supervisor||14,200 EUR||+20%|
|Tax Accountant||8,290 EUR||-30%|
|Tax Advisor||11,000 EUR||-7%|
|Tax Associate||8,710 EUR||-26%|
|Tax Manager||16,700 EUR||+42%|
|Treasury Accountant||8,610 EUR||-27%|
|Treasury Analyst||11,400 EUR||-3%|
|Underwriting Assistant||5,850 EUR||-50%|
|Vice President of Finance||15,900 EUR||+35%|