A person working as a Financial Analyst in Germany typically earns around 4,690 EUR per month. Salaries range from 2,160 EUR (lowest) to 7,460 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 2,160 EUR per month (minimum salary) to 7,460 EUR per month (maximum salary).
The median salary is 5,060 EUR per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 5,060 EUR while the other half are earning more than 5,060 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 3,250 EUR while 75% of them are earning more than 3,250 EUR. Also from the diagram, 75% of Financial Analyst(s) are earning less than 6,760 EUR while 25% are earning more than 6,760 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 2,450 EUR per month.
While someone with an experience level between two and five years is expected to earn 3,270 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 4,830 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 5,890 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 6,420 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 6,950 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 3,010 EUR per month.
While someone with a Certificate or Diploma gets a salary of 3,540 EUR per month, 18% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 5,120 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 6,710 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 19,100 Euro(s) to 57,200 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 on average.
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.
38% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 62% 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 employees in Germany earn 5% more than their private sector counterparts on average across all sectors.
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 21% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||2,010 EUR||-57%|
|Account Executive||3,220 EUR||-31%|
|Accounting Assistant||1,920 EUR||-59%|
|Accounting Associate||1,790 EUR||-62%|
|Accounting Clerk||1,570 EUR||-67%|
|Accounting Coordinator||2,410 EUR||-49%|
|Accounting Manager||5,670 EUR||+21%|
|Accounting Supervisor||3,640 EUR||-22%|
|Accounting Technician||1,770 EUR||-62%|
|Accounts Executive||3,170 EUR||-32%|
|Accounts Payable and Receivable Specialist||2,690 EUR||-43%|
|Accounts Payable Clerk||1,950 EUR||-58%|
|Accounts Payable Manager||5,080 EUR||+8%|
|Accounts Receivable Clerk||1,870 EUR||-60%|
|Accounts Receivable Manager||4,810 EUR||+3%|
|Assistant Accounting Manager||4,610 EUR||-2%|
|Assistant Auditor||2,710 EUR||-42%|
|Audit Supervisor||4,540 EUR||-3%|
|Auditing Clerk||1,950 EUR||-58%|
|Auditing Manager||5,300 EUR||+13%|
|Billing Coordinator||2,440 EUR||-48%|
|Billing Specialist||2,880 EUR||-39%|
|Billing Supervisor||4,070 EUR||-13%|
|Bookkeeping Specialist||2,420 EUR||-48%|
|Budget Analyst||4,410 EUR||-6%|
|Budget Manager||5,170 EUR||+10%|
|Business Support Analyst||3,050 EUR||-35%|
|Capital Markets Associate||3,800 EUR||-19%|
|Cash Flow Analyst||3,710 EUR||-21%|
|Cash Management Officer||3,010 EUR||-36%|
|Cashbook Clerk||1,700 EUR||-64%|
|Chartered Accountant||3,280 EUR||-30%|
|Collections Clerk||1,600 EUR||-66%|
|Collections Specialist||2,640 EUR||-44%|
|Corporate Treasurer||4,950 EUR||+6%|
|Cost Accountant||2,590 EUR||-45%|
|Cost Accounting Manager||5,040 EUR||+7%|
|Cost Analyst||3,960 EUR||-16%|
|Credit and Collection Manager||5,010 EUR||+7%|
|Credit and Collection Staff||1,930 EUR||-59%|
|Credit and Loans Officer||1,950 EUR||-58%|
|Credit Controller||3,410 EUR||-27%|
|Debt Adviser||4,440 EUR||-5%|
|Debt Collector||2,130 EUR||-55%|
|Debtors Clerk||1,840 EUR||-61%|
|Deputy CFO||7,320 EUR||+56%|
|Derivative Trader||4,540 EUR||-3%|
|Escrow Assistant||2,320 EUR||-51%|
|External Auditor||3,500 EUR||-25%|
|Finance Associate||2,180 EUR||-54%|
|Finance Executive||5,310 EUR||+13%|
|Finance Licensing Clerk||1,780 EUR||-62%|
|Finance Licensing Manager||5,110 EUR||+9%|
|Finance Licensing Specialist||2,840 EUR||-39%|
|Finance Officer||2,560 EUR||-45%|
|Finance President||7,360 EUR||+57%|
|Finance Relationship Manager||6,060 EUR||+29%|
|Finance Release Analyst||2,990 EUR||-36%|
|Finance Team Leader||6,020 EUR||+28%|
|Financial Actuary||4,090 EUR||-13%|
|Financial Administrator||4,290 EUR||-9%|
|Financial Analyst||4,690 EUR||+0%|
|Financial Applications Specialist||3,180 EUR||-32%|
|Financial Assistant||2,010 EUR||-57%|
|Financial Associate||2,000 EUR||-57%|
|Financial Claims Analyst||3,410 EUR||-27%|
|Financial Claims Manager||4,420 EUR||-6%|
|Financial Commercial Analyst||3,700 EUR||-21%|
|Financial Compliance Analyst||4,010 EUR||-14%|
|Financial Consultant||3,440 EUR||-27%|
|Financial Controller||4,290 EUR||-9%|
|Financial Coordinator||2,330 EUR||-50%|
|Financial Customer Service Manager||4,750 EUR||+1%|
|Financial Dealer and Broker||2,870 EUR||-39%|
|Financial Encoder||2,200 EUR||-53%|
|Financial Manager||7,380 EUR||+57%|
|Financial Operations Manager||6,320 EUR||+35%|
|Financial Policy Analyst||4,090 EUR||-13%|
|Financial Project Manager||5,230 EUR||+12%|
|Financial Quantitative Analyst||4,620 EUR||-1%|
|Financial Reporting Consultant||3,620 EUR||-23%|
|Financial Reporting Manager||5,040 EUR||+7%|
|Financial Services Sales Agent||2,860 EUR||-39%|
|Fixed Assets Administrator||2,580 EUR||-45%|
|Forensic Accountant||3,060 EUR||-35%|
|Fraud Detection Supervisor||3,140 EUR||-33%|
|Fraud Prevention Manager||5,100 EUR||+9%|
|Fund Accountant||2,590 EUR||-45%|
|Grants Coordinator||1,840 EUR||-61%|
|Internal Auditor||3,620 EUR||-23%|
|Internal Control Adviser||4,010 EUR||-14%|
|Internal Control Officer||2,180 EUR||-54%|
|Inventory Accountant||2,780 EUR||-41%|
|Investment Analyst||5,160 EUR||+10%|
|Investment Fund Manager||5,860 EUR||+25%|
|Investment Underwriter||2,190 EUR||-53%|
|Investor Relations Manager||5,230 EUR||+12%|
|KYC Team Leader||4,850 EUR||+3%|
|Management Economist||6,050 EUR||+29%|
|Payroll Clerk||2,200 EUR||-53%|
|Payroll Manager||4,530 EUR||-3%|
|Pensions Administrator||2,750 EUR||-41%|
|Pricing Analyst||4,110 EUR||-12%|
|Private Equity Analyst||4,510 EUR||-4%|
|Proposal Development Coordinator||2,310 EUR||-51%|
|Receivables Accountant||2,280 EUR||-51%|
|Regulatory Accountant||2,840 EUR||-39%|
|Retirement Plan Analyst||4,060 EUR||-13%|
|Revenue Management Specialist||4,140 EUR||-12%|
|Revenue Recognition Analyst||4,660 EUR||-1%|
|Risk Management Director||5,980 EUR||+28%|
|Risk Management Supervisor||5,330 EUR||+14%|
|Tax Accountant||2,510 EUR||-46%|
|Tax Advisor||3,940 EUR||-16%|
|Tax Associate||2,220 EUR||-53%|
|Tax Manager||5,410 EUR||+15%|
|Treasury Accountant||2,700 EUR||-42%|
|Treasury Analyst||4,100 EUR||-13%|
|Underwriting Assistant||1,640 EUR||-65%|
|Vice President of Finance||6,990 EUR||+49%|