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Financial Analyst Average Salary in Brazil 2024

How much money does a person working as Financial Analyst make in Brazil?


Average Monthly Salary
11,500 BRL
( 138,000 BRL yearly)

LOW
5,630
BRL
AVERAGE
11,500
BRL
HIGH
17,900
BRL
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 Analyst in Brazil typically earns around 11,500 BRL. Salaries range from 5,630 BRL (lowest) to 17,900 BRL (highest).


Salary Variance

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



Financial Analyst Pay Scale and Salaries in Brazil

Median and salary distribution Brazil Financial Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
10,700 BRL or more
10% of people earn
9,410 to 10,700 BRL
20% of people earn
6,680 BRL or less
65% of people earn
6,680 to 9,410 BRL
Minimum Salary
5,630 BRL
Median
10,700 BRL
Maximum
17,900 BRL




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 Analyst in Brazil range from 5,630 BRL (starting salary) to 17,900 BRL (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 10,700 BRL, half of the professionals who work as Financial Analyst in Brazil 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 Analyst in Brazil earn less than 8,770 BRL, while 75% earn more. Similarly, the chart shows that 75% earn less than 12,300 BRL 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 Analyst in Brazil compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 6,680 BRL to 9,410 BRL. About 20% of salaries are below the 6,680 BRL mark, while 10% fall within the range of 9,410 BRL to 10,700 BRL. Only 5% of individuals have salaries exceeding 10,700 BRL.

Salary Comparison by Years of Experience / Financial Analyst / Brazil

How do experience and age affect pay?

0 - 2 Years
6,680 BRL
2 - 5 Years+29%
8,580 BRL
5 - 10 Years+38%
11,800 BRL
10 - 15 Years+24%
14,700 BRL
15 - 20 Years+7%
15,700 BRL
20+ Years+7%
16,800 BRL
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Brazil Financial Analyst
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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 Analyst 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 6,680 BRL.

While someone with an experience level between two and five years is expected to earn 8,580 BRL, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 11,800 BRL, 38% 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 14,700 BRL, 24% 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 15,700 BRL, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 16,800 BRL, 7% 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 Analyst / Brazil

How do education levels affect salaries?

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

High School
8,340 BRL
Certificate or Diploma+15%
9,570 BRL
Bachelor's Degree+35%
12,900 BRL
Master's Degree+26%
16,200 BRL
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Brazil Financial Analyst
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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 Analyst in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 8,340 BRL.


Level 2: Certificate or Diploma

At this level, the average salary becomes 9,570 BRL, 15% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 12,900 BRL, 35% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 16,200 BRL, 26% 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 Brazil costs anywhere from 43,000 BRL to 129,000 BRL 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 Analyst / Brazil

Salary comparison by gender Brazil Financial Analyst 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 Analyst in Brazil, the average difference between the salary of male and female employees is 10%.

Male
11,900 BRL
Female-9%
10,900 BRL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Brazil for all Careers

Salary comparison by gender monthly Brazil
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Average Annual Salary Increment Percentage / Financial Analyst / Brazil

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

Individuals working as Financial Analyst in Brazil are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Brazil Financial Analyst
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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.

Brazil / All Professions

Annual Salary Increment Rate Brazil
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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 Brazil is 7%.

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 Analyst / Brazil

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Brazil Financial Analyst
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43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
57%
No Bonus
43%

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 Analyst / Brazil


66 BRL per hour

The average hourly wage (pay per hour) for individuals working as Financial Analyst in Brazil is 66 BRL.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 Analyst in Brazil is 32 BRL. 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 Examiner4,600 BRL-60%
Account Executive7,490 BRL-35%
Accountant5,920 BRL-48%
Accounting Analyst7,240 BRL-37%
Accounting Assistant4,770 BRL-58%
Accounting Associate4,550 BRL-60%
Accounting Clerk3,710 BRL-68%
Accounting Coordinator5,520 BRL-52%
Accounting Head11,900 BRL+4%
Accounting Manager12,700 BRL+11%
Accounting Officer4,510 BRL-61%
Accounting Specialist8,490 BRL-26%
Accounting Supervisor8,370 BRL-27%
Accounting Technician4,420 BRL-62%
Accounting Unit Controller10,200 BRL-11%
Accounts Executive7,640 BRL-34%
Accounts Officer4,570 BRL-60%
Accounts Payable and Receivable Specialist5,930 BRL-48%
Accounts Payable Assistant4,690 BRL-59%
Accounts Payable Associate5,370 BRL-53%
Accounts Payable Clerk4,600 BRL-60%
Accounts Payable Manager12,600 BRL+10%
Accounts Receivable Administrator9,150 BRL-20%
Accounts Receivable Clerk4,410 BRL-62%
Accounts Receivable Financial Analyst8,920 BRL-22%
Accounts Receivable Manager11,900 BRL+4%
Accounts Receivable Team Leader8,700 BRL-24%
Algorithmic Trading Specialist10,300 BRL-10%
Assistant Accountant4,870 BRL-58%
Assistant Accounting Manager11,600 BRL+1%
Assistant Auditor6,050 BRL-47%
Assistant Corporate Controller8,490 BRL-26%
Assistant Finance Manager13,300 BRL+16%
Assistant Financial Controller8,240 BRL-28%
Audit Director14,300 BRL+24%
Audit Supervisor10,600 BRL-8%
Auditing Clerk4,570 BRL-60%
Auditing Manager12,400 BRL+8%
Billing Clerk4,770 BRL-58%
Billing Coordinator5,310 BRL-54%
Billing Specialist6,240 BRL-46%
Billing Supervisor8,990 BRL-22%
Bookkeeper3,990 BRL-65%
Bookkeeping Specialist6,030 BRL-48%
Budget Analyst10,700 BRL-7%
Budget Manager12,000 BRL+4%
Business Support Analyst6,820 BRL-41%
Capital Markets Associate9,320 BRL-19%
Cash Flow Analyst9,050 BRL-21%
Cash Management Manager12,200 BRL+6%
Cash Management Officer7,300 BRL-36%
Cashbook Clerk4,290 BRL-63%
Chartered Accountant7,570 BRL-34%
Chief Accountant8,830 BRL-23%
Chief Financial Technology Officer12,100 BRL+5%
Collections Clerk3,810 BRL-67%
Collections Representative5,120 BRL-55%
Collections Specialist6,370 BRL-45%
Corporate Controller9,750 BRL-15%
Corporate Treasurer11,900 BRL+4%
Cost Accountant5,870 BRL-49%
Cost Accounting Manager11,500 BRL+0%
Cost Accounting Supervisor9,880 BRL-14%
Cost Analyst9,560 BRL-17%
Credit and Collection Manager11,600 BRL+1%
Credit and Collection Staff4,540 BRL-60%
Credit and Loans Officer4,460 BRL-61%
Credit Controller8,790 BRL-24%
Credit Manager13,300 BRL+16%
Debt Adviser10,400 BRL-10%
Debt Collector4,740 BRL-59%
Debtors Clerk4,310 BRL-62%
Debtors Controller4,510 BRL-61%
Deputy CFO16,900 BRL+47%
Deputy Head of Finance16,300 BRL+42%
Derivative Trader10,400 BRL-10%
Director of Finance18,800 BRL+64%
E-commerce Accountant6,180 BRL-46%
Economist14,000 BRL+22%
Equity Analyst11,200 BRL-3%
Escrow Assistant5,300 BRL-54%
Executive Accountant6,960 BRL-39%
External Auditor8,580 BRL-25%
Finance Administrator7,370 BRL-36%
Finance Analyst11,100 BRL-3%
Finance Associate5,120 BRL-55%
Finance Data Analyst9,580 BRL-17%
Finance Director17,900 BRL+56%
Finance Executive13,000 BRL+13%
Finance Licensing Clerk4,460 BRL-61%
Finance Licensing Manager12,200 BRL+6%
Finance Licensing Specialist6,430 BRL-44%
Finance Manager17,500 BRL+52%
Finance Officer6,080 BRL-47%
Finance President18,800 BRL+64%
Finance Relationship Manager13,900 BRL+21%
Finance Release Analyst6,950 BRL-40%
Finance Specialist9,630 BRL-16%
Finance Team Leader 13,800 BRL+20%
Financial Accountant6,050 BRL-47%
Financial Actuary9,080 BRL-21%
Financial Administrator9,940 BRL-14%
Financial Advisor10,900 BRL-5%
Financial Analyst11,500 BRL+0%
Financial Applications Specialist7,820 BRL-32%
Financial Assistant4,690 BRL-59%
Financial Associate5,910 BRL-49%
Financial Claims Analyst8,260 BRL-28%
Financial Claims Manager11,200 BRL-3%
Financial Claims Supervisor9,730 BRL-15%
Financial Clerk4,490 BRL-61%
Financial Commercial Analyst8,750 BRL-24%
Financial Compliance Analyst9,390 BRL-18%
Financial Compliance Officer9,690 BRL-16%
Financial Consultant7,940 BRL-31%
Financial Controller9,950 BRL-13%
Financial Coordinator5,500 BRL-52%
Financial Customer Service Manager10,800 BRL-6%
Financial Data Scientist11,700 BRL+2%
Financial Dealer and Broker6,700 BRL-42%
Financial Director17,200 BRL+50%
Financial Encoder5,150 BRL-55%
Financial Manager16,300 BRL+42%
Financial Modelling Analyst10,500 BRL-9%
Financial Operations Manager15,400 BRL+34%
Financial Policy Analyst9,680 BRL-16%
Financial Project Manager12,000 BRL+4%
Financial Quantitative Analyst10,400 BRL-10%
Financial Reporting Consultant8,750 BRL-24%
Financial Reporting Manager11,900 BRL+4%
Financial Section Head11,300 BRL-2%
Financial Services Manager15,400 BRL+34%
Financial Services Sales Agent6,420 BRL-44%
Financial Technology Consultant9,520 BRL-17%
Financial Wellness Coach12,800 BRL+11%
FinTech Analyst10,000 BRL-13%
Fixed Assets Administrator6,310 BRL-45%
Forensic Accountant7,010 BRL-39%
Fraud Detection Supervisor7,540 BRL-34%
Fraud Prevention Manager12,900 BRL+12%
Fund Accountant5,620 BRL-51%
Grants Coordinator4,690 BRL-59%
Green Finance Analyst9,110 BRL-21%
Group Financial Manager18,300 BRL+59%
Internal Auditor8,440 BRL-27%
Internal Control Adviser9,620 BRL-16%
Internal Control Officer5,490 BRL-52%
International Tax Director14,100 BRL+23%
Inventory Accountant6,630 BRL-42%
Investment Advisor16,200 BRL+41%
Investment Analyst12,300 BRL+7%
Investment Associate9,960 BRL-13%
Investment Broker9,760 BRL-15%
Investment Fund Manager13,700 BRL+19%
Investment Operations Manager13,400 BRL+17%
Investment Underwriter5,360 BRL-53%
Investor8,090 BRL-30%
Investor Relations Manager11,700 BRL+2%
KYC Team Leader12,100 BRL+5%
Loan Processor4,820 BRL-58%
Management Accountant6,760 BRL-41%
Management Economist13,600 BRL+18%
Paymaster4,890 BRL-57%
Payroll Administrator8,060 BRL-30%
Payroll Benefits Coordinator6,630 BRL-42%
Payroll Billing Manager11,300 BRL-2%
Payroll Clerk5,490 BRL-52%
Payroll Manager10,700 BRL-7%
Payroll Officer5,540 BRL-52%
Payroll Specialist6,180 BRL-46%
Payroll Supervisor7,720 BRL-33%
Pensions Administrator6,180 BRL-46%
Personal Financial Advisor9,190 BRL-20%
Pricing Analyst9,730 BRL-15%
Private Equity Analyst11,300 BRL-2%
Project Accountant6,630 BRL-42%
Proposal Development Coordinator5,190 BRL-55%
Quantitative Trader8,510 BRL-26%
Receivables Accountant5,710 BRL-50%
Regulatory Accountant6,960 BRL-39%
Retirement Plan Analyst9,750 BRL-15%
Revenue Management Specialist10,400 BRL-10%
Revenue Recognition Analyst11,800 BRL+3%
Risk Management Director14,800 BRL+29%
Risk Management Supervisor12,600 BRL+10%
Staff Accountant5,680 BRL-51%
Tax Accountant5,550 BRL-52%
Tax Administrator6,900 BRL-40%
Tax Advisor9,080 BRL-21%
Tax Analyst9,360 BRL-19%
Tax Associate5,150 BRL-55%
Tax Consultant10,000 BRL-13%
Tax Director13,600 BRL+18%
Tax Examiner6,700 BRL-42%
Tax Manager12,100 BRL+5%
Tax Research Manager12,500 BRL+9%
Teller3,750 BRL-67%
Treasury Accountant6,390 BRL-44%
Treasury Analyst10,100 BRL-12%
Underwriter4,080 BRL-64%
Underwriting Assistant3,950 BRL-66%
Vice President of Finance16,800 BRL+46%

Salary Comparison By City

CityAverage Salary
Brasilia12,500 BRL
Rio de Janeiro12,900 BRL
Sao Paulo12,900 BRL

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 Brazil is 6% on average across all career fields.

Private Sector
8,360 BRL
Public Sector+6%
8,880 BRL
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 Analyst in Brazil?

A good and competitive compensation would range anywhere between 10,700 BRL and 12,300 BRL. 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 Analyst in Brazil ranges from 5,630 BRL to 8,770 BRL. 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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