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Financial Manager Average Salary in Hungary 2024

How much money does a person working as Financial Manager make in Hungary?


Average Monthly Salary
957,000 HUF
( 11,500,000 HUF yearly)

LOW
517,000
HUF
AVERAGE
957,000
HUF
HIGH
1,450,000
HUF
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 Financial Manager in Hungary typically earns around 957,000 HUF. Salaries range from 517,000 HUF (lowest) to 1,450,000 HUF (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Financial Manager salaries in Hungary vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Financial Manager Pay Scale and Salaries in Hungary

Median and salary distribution Hungary Financial Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
853,000 HUF or more
10% of people earn
764,000 to 853,000 HUF
20% of people earn
568,000 HUF or less
65% of people earn
568,000 to 764,000 HUF
Minimum Salary
517,000
HUF
Median
856,000
HUF
Maximum
1,450,000
HUF




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 Financial Manager in Hungary range from 517,000 HUF (starting salary) to 1,450,000 HUF (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 856,000 HUF, half of the professionals who work as Financial Manager in Hungary 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 Financial Manager in Hungary earn less than 716,000 HUF, while 75% earn more. Similarly, the chart shows that 75% earn less than 966,000 HUF 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 Financial Manager in Hungary compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 568,000 HUF to 764,000 HUF. About 20% of salaries are below the 568,000 HUF mark, while 10% fall within the range of 764,000 HUF to 853,000 HUF. Only 5% of individuals have salaries exceeding 853,000 HUF.

Salary Comparison by Years of Experience / Financial Manager / Hungary

How do experience and age affect pay?

0 - 2 Years
600,000 HUF
2 - 5 Years+26%
758,000 HUF
5 - 10 Years+32%
1,000,000 HUF
10 - 15 Years+18%
1,180,000 HUF
15 - 20 Years+11%
1,300,000 HUF
20+ Years+6%
1,390,000 HUF
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Hungary Financial Manager
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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 Financial Manager 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 600,000 HUF.

While someone with an experience level between two and five years is expected to earn 758,000 HUF, 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 1,000,000 HUF, 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 1,180,000 HUF, 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 1,300,000 HUF, 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 1,390,000 HUF, 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 / Financial Manager / Hungary

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Financial Manager.

Certificate or Diploma
758,000 HUF
Bachelor's Degree+32%
1,000,000 HUF
Master's Degree+37%
1,370,000 HUF
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Hungary Financial Manager
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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 Financial Manager in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 758,000 HUF.


Level 2: Bachelor's Degree

At this level, the average salary becomes 1,000,000 HUF, 32% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 1,370,000 HUF, 37% 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 Hungary costs anywhere from 2,470,000 HUF to 7,420,000 HUF 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 / Financial Manager / Hungary

Salary comparison by gender Hungary Financial Manager 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 Financial Manager in Hungary, the average difference between the salary of male and female employees is 6%.

Male
982,000 HUF
Female-6%
927,000 HUF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Hungary for all Careers

Salary comparison by gender monthly Hungary
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Average Annual Salary Increment Percentage / Financial Manager / Hungary

How much are annual salary increments in Hungary for individuals working as Financial Manager? How often do employees get salary raises?

Individuals working as Financial Manager in Hungary are likely to observe a salary increase of approximately 14% every 18 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Hungary Financial Manager
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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.

Hungary / All Professions

Annual Salary Increment Rate Hungary
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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 Hungary 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 / Financial Manager / Hungary

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hungary Financial Manager
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24% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 76% 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
76%
No Bonus
24%

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 / Financial Manager / Hungary


5,520 HUF per hour

The average hourly wage (pay per hour) for individuals working as Financial Manager in Hungary is 5,520 HUF.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 Financial Manager in Hungary is 2,980 HUF. 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
Accounting and Finance-100%
Account Examiner242,000 HUF-75%
Account Executive427,000 HUF-55%
Accountant307,000 HUF-68%
Accounting Analyst421,000 HUF-56%
Accounting Assistant240,000 HUF-75%
Accounting Associate238,000 HUF-75%
Accounting Clerk200,000 HUF-79%
Accounting Coordinator290,000 HUF-70%
Accounting Head676,000 HUF-29%
Accounting Manager734,000 HUF-23%
Accounting Officer253,000 HUF-74%
Accounting Specialist462,000 HUF-52%
Accounting Supervisor452,000 HUF-53%
Accounting Technician221,000 HUF-77%
Accounting Unit Controller572,000 HUF-40%
Accounts Executive415,000 HUF-57%
Accounts Officer267,000 HUF-72%
Accounts Payable and Receivable Specialist339,000 HUF-65%
Accounts Payable Assistant258,000 HUF-73%
Accounts Payable Associate300,000 HUF-69%
Accounts Payable Clerk256,000 HUF-73%
Accounts Payable Manager680,000 HUF-29%
Accounts Receivable Administrator479,000 HUF-50%
Accounts Receivable Clerk255,000 HUF-73%
Accounts Receivable Financial Analyst482,000 HUF-50%
Accounts Receivable Manager666,000 HUF-30%
Accounts Receivable Team Leader503,000 HUF-47%
Algorithmic Trading Specialist587,000 HUF-39%
Assistant Accountant263,000 HUF-73%
Assistant Accounting Manager595,000 HUF-38%
Assistant Auditor340,000 HUF-64%
Assistant Corporate Controller453,000 HUF-53%
Assistant Finance Manager689,000 HUF-28%
Assistant Financial Controller454,000 HUF-53%
Audit Director780,000 HUF-19%
Audit Supervisor620,000 HUF-35%
Auditing Clerk267,000 HUF-72%
Auditing Manager701,000 HUF-27%
Billing Clerk250,000 HUF-74%
Billing Coordinator298,000 HUF-69%
Billing Specialist342,000 HUF-64%
Billing Supervisor512,000 HUF-47%
Bookkeeper220,000 HUF-77%
Bookkeeping Specialist302,000 HUF-68%
Budget Analyst574,000 HUF-40%
Budget Manager686,000 HUF-28%
Business Support Analyst384,000 HUF-60%
Capital Markets Associate510,000 HUF-47%
Cash Flow Analyst501,000 HUF-48%
Cash Management Manager655,000 HUF-32%
Cash Management Officer380,000 HUF-60%
Cashbook Clerk219,000 HUF-77%
Chartered Accountant421,000 HUF-56%
Chief Accountant501,000 HUF-48%
Chief Financial Technology Officer665,000 HUF-31%
Collections Clerk196,000 HUF-80%
Collections Representative292,000 HUF-69%
Collections Specialist333,000 HUF-65%
Corporate Controller515,000 HUF-46%
Corporate Treasurer625,000 HUF-35%
Cost Accountant323,000 HUF-66%
Cost Accounting Manager648,000 HUF-32%
Cost Accounting Supervisor553,000 HUF-42%
Cost Analyst519,000 HUF-46%
Credit and Collection Manager665,000 HUF-31%
Credit and Collection Staff263,000 HUF-73%
Credit and Loans Officer235,000 HUF-75%
Credit Controller466,000 HUF-51%
Credit Manager675,000 HUF-29%
Debt Adviser567,000 HUF-41%
Debt Collector276,000 HUF-71%
Debtors Clerk235,000 HUF-75%
Debtors Controller253,000 HUF-74%
Deputy CFO908,000 HUF-5%
Deputy Head of Finance905,000 HUF-5%
Derivative Trader564,000 HUF-41%
Director of Finance1,020,000 HUF+7%
E-commerce Accountant344,000 HUF-64%
Economist792,000 HUF-17%
Equity Analyst595,000 HUF-38%
Escrow Assistant289,000 HUF-70%
Executive Accountant388,000 HUF-59%
External Auditor471,000 HUF-51%
Finance Administrator400,000 HUF-58%
Finance Analyst607,000 HUF-37%
Finance Associate297,000 HUF-69%
Finance Data Analyst554,000 HUF-42%
Finance Director1,010,000 HUF+6%
Finance Executive714,000 HUF-25%
Finance Licensing Clerk230,000 HUF-76%
Finance Licensing Manager607,000 HUF-37%
Finance Licensing Specialist343,000 HUF-64%
Finance Manager954,000 HUF-0%
Finance Officer304,000 HUF-68%
Finance President977,000 HUF+2%
Finance Relationship Manager754,000 HUF-21%
Finance Release Analyst383,000 HUF-60%
Finance Specialist562,000 HUF-41%
Finance Team Leader 725,000 HUF-24%
Financial Accountant340,000 HUF-64%
Financial Actuary515,000 HUF-46%
Financial Administrator550,000 HUF-43%
Financial Advisor615,000 HUF-36%
Financial Analyst609,000 HUF-36%
Financial Applications Specialist426,000 HUF-55%
Financial Assistant274,000 HUF-71%
Financial Associate323,000 HUF-66%
Financial Claims Analyst445,000 HUF-54%
Financial Claims Manager587,000 HUF-39%
Financial Claims Supervisor544,000 HUF-43%
Financial Clerk241,000 HUF-75%
Financial Commercial Analyst454,000 HUF-53%
Financial Compliance Analyst548,000 HUF-43%
Financial Compliance Officer542,000 HUF-43%
Financial Consultant442,000 HUF-54%
Financial Controller500,000 HUF-48%
Financial Coordinator317,000 HUF-67%
Financial Customer Service Manager591,000 HUF-38%
Financial Data Scientist636,000 HUF-34%
Financial Dealer and Broker366,000 HUF-62%
Financial Director983,000 HUF+3%
Financial Encoder290,000 HUF-70%
Financial Manager957,000 HUF-0%
Financial Modelling Analyst613,000 HUF-36%
Financial Operations Manager852,000 HUF-11%
Financial Policy Analyst486,000 HUF-49%
Financial Project Manager672,000 HUF-30%
Financial Quantitative Analyst541,000 HUF-43%
Financial Reporting Consultant473,000 HUF-51%
Financial Reporting Manager600,000 HUF-37%
Financial Section Head644,000 HUF-33%
Financial Services Manager869,000 HUF-9%
Financial Services Sales Agent346,000 HUF-64%
Financial Technology Consultant536,000 HUF-44%
Financial Wellness Coach697,000 HUF-27%
FinTech Analyst584,000 HUF-39%
Fixed Assets Administrator348,000 HUF-64%
Forensic Accountant380,000 HUF-60%
Fraud Detection Supervisor398,000 HUF-58%
Fraud Prevention Manager657,000 HUF-31%
Fund Accountant307,000 HUF-68%
Grants Coordinator245,000 HUF-74%
Green Finance Analyst515,000 HUF-46%
Group Financial Manager930,000 HUF-3%
Internal Auditor449,000 HUF-53%
Internal Control Adviser508,000 HUF-47%
Internal Control Officer281,000 HUF-71%
International Tax Director774,000 HUF-19%
Inventory Accountant331,000 HUF-65%
Investment Advisor859,000 HUF-10%
Investment Analyst633,000 HUF-34%
Investment Associate565,000 HUF-41%
Investment Broker536,000 HUF-44%
Investment Fund Manager750,000 HUF-22%
Investment Operations Manager711,000 HUF-26%
Investment Underwriter285,000 HUF-70%
Investor407,000 HUF-57%
Investor Relations Manager632,000 HUF-34%
KYC Team Leader606,000 HUF-37%
Loan Processor270,000 HUF-72%
Management Accountant351,000 HUF-63%
Management Economist732,000 HUF-24%
Paymaster254,000 HUF-73%
Payroll Administrator417,000 HUF-56%
Payroll Benefits Coordinator381,000 HUF-60%
Payroll Billing Manager630,000 HUF-34%
Payroll Clerk275,000 HUF-71%
Payroll Manager576,000 HUF-40%
Payroll Officer300,000 HUF-69%
Payroll Specialist357,000 HUF-63%
Payroll Supervisor401,000 HUF-58%
Pensions Administrator333,000 HUF-65%
Personal Financial Advisor483,000 HUF-50%
Pricing Analyst522,000 HUF-45%
Private Equity Analyst563,000 HUF-41%
Project Accountant333,000 HUF-65%
Proposal Development Coordinator279,000 HUF-71%
Quantitative Trader492,000 HUF-49%
Receivables Accountant294,000 HUF-69%
Regulatory Accountant369,000 HUF-61%
Retirement Plan Analyst515,000 HUF-46%
Revenue Management Specialist534,000 HUF-44%
Revenue Recognition Analyst599,000 HUF-37%
Risk Management Director827,000 HUF-14%
Risk Management Supervisor680,000 HUF-29%
Staff Accountant322,000 HUF-66%
Tax Accountant316,000 HUF-67%
Tax Administrator358,000 HUF-63%
Tax Advisor505,000 HUF-47%
Tax Analyst504,000 HUF-47%
Tax Associate284,000 HUF-70%
Tax Consultant524,000 HUF-45%
Tax Director760,000 HUF-21%
Tax Examiner335,000 HUF-65%
Tax Manager700,000 HUF-27%
Tax Research Manager699,000 HUF-27%
Teller203,000 HUF-79%
Treasury Accountant344,000 HUF-64%
Treasury Analyst568,000 HUF-41%
Underwriter229,000 HUF-76%
Underwriting Assistant214,000 HUF-78%
Vice President of Finance885,000 HUF-8%

Salary Comparison By City

CityAverage Salary
Budapest978,000 HUF

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 Hungary is 9% on average across all career fields.

Private Sector
476,000 HUF
Public Sector+9%
518,000 HUF
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 Financial Manager in Hungary?

A good and competitive compensation would range anywhere between 856,000 HUF and 966,000 HUF. 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 Financial Manager in Hungary ranges from 517,000 HUF to 716,000 HUF. 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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