Financial Administrator Average Salary in Bucharest 2024
How much money does a person working as Financial Administrator make in Bucharest?
LOW
5,710
RON AVERAGE
11,400
RON HIGH
17,700
RON
A person working as Financial Administrator in Bucharest typically earns around 11,400 RON. Salaries range from 5,710 RON (lowest) to 17,700 RON (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Administrator salaries in Bucharest vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Administrator Pay Scale and Salaries in Bucharest
Salary Structure and Pay Scale Comparison
10,500 RON or more
9,300 to 10,500 RON
6,660 RON or less
6,660 to 9,300 RON
 5,710 RON |
10,600 RON |
17,700 RON |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Financial Administrator in Bucharest range from 5,710 RON (starting salary) to 17,700 RON (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 10,600 RON, half of the professionals who work as Financial Administrator in Bucharest 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 Administrator in Bucharest earn less than 8,670 RON, while 75% earn more. Similarly, the chart shows that 75% earn less than 12,000 RON 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 Administrator in Bucharest compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 6,660 RON to 9,300 RON. About 20% of salaries are below the 6,660 RON mark, while 10% fall within the range of 9,300 RON to 10,500 RON. Only 5% of individuals have salaries exceeding 10,500 RON.
Salary Comparison by Years of Experience / Financial Administrator / Bucharest
How do experience and age affect pay?
| 0 - 2 Years | 6,840 RON | |
| 2 - 5 Years | +32% | 9,060 RON |
| 5 - 10 Years | +34% | 12,100 RON |
| 10 - 15 Years | +19% | 14,500 RON |
| 15 - 20 Years | +8% | 15,600 RON |
| 20+ Years | +7% | 16,700 RON |
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 Administrator and this is what we found.
Employees with less than two years of experience earn approximately 6,840 RON.
While someone with an experience level between two and five years is expected to earn 9,060 RON, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 12,100 RON, 34% 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 14,500 RON, 19% 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 15,600 RON, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 16,700 RON, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Administrator / Bucharest
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Administrator.
| High School | 8,580 RON | |
| Certificate or Diploma | +14% | 9,780 RON |
| Bachelor's Degree | +36% | 13,300 RON |
| Master's Degree | +26% | 16,700 RON |
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 Administrator in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 8,580 RON.
Level 2: Certificate or Diploma
At this level, the average salary becomes 9,780 RON, 14% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 13,300 RON, 36% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 16,700 RON, 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 Romania costs anywhere from 45,100 RON to 135,000 RON 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 and Compensation Comparison By Gender / Financial Administrator / Bucharest
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 Administrator in Romania, the average difference between the salary of male and female employees is nan%.
| Male | 0 RON | |
| Female | 0 RON |
Salary Comparison By Gender in Romania for all Careers
Average Annual Salary Increment Percentage / Financial Administrator / Bucharest
How much are annual salary increments in Bucharest for individuals working as Financial Administrator? How often do employees get salary raises?
Individuals working as Financial Administrator in Romania are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Romania / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 Administrator / Romania
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/romania/accounting-and-finance/financial-administrator/annual-salary-bonus-rate-romania-financial-administrator.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 Administrator / Bucharest
66 RON per hourThe average hourly wage (pay per hour) for individuals working as Financial Administrator in Bucharest is 66 RON.This is the rate they get paid for every worked hour.
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 Administrator in Bucharest is 33 RON. 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 Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 4,840 RON | -58% |
| Account Executive | 8,330 RON | -27% |
| Accountant | 6,740 RON | -41% |
| Accounting Analyst | 8,220 RON | -28% |
| Accounting Assistant | 5,080 RON | -55% |
| Accounting Associate | 4,800 RON | -58% |
| Accounting Clerk | 4,080 RON | -64% |
| Accounting Coordinator | 5,800 RON | -49% |
| Accounting Head | 13,200 RON |  +16% |
| Accounting Manager | 14,500 RON | +27% |
| Accounting Officer | 4,780 RON | -58% |
| Accounting Specialist | 9,310 RON | -18% |
| Accounting Supervisor | 9,430 RON | -17% |
| Accounting Technician | 4,950 RON | -57% |
| Accounting Unit Controller | 10,800 RON | -5% |
| Accounts Executive | 8,610 RON | -25% |
| Accounts Officer | 5,190 RON | -55% |
| Accounts Payable and Receivable Specialist | 6,590 RON | -42% |
| Accounts Payable Assistant | 5,540 RON | -51% |
| Accounts Payable Associate | 5,850 RON | -49% |
| Accounts Payable Clerk | 4,890 RON | -57% |
| Accounts Payable Manager | 13,800 RON | +21% |
| Accounts Receivable Administrator | 10,100 RON | -11% |
| Accounts Receivable Clerk | 5,020 RON | -56% |
| Accounts Receivable Financial Analyst | 9,810 RON | -14% |
| Accounts Receivable Manager | 12,600 RON | +10% |
| Accounts Receivable Team Leader | 9,390 RON | -18% |
| Algorithmic Trading Specialist | 11,400 RON | -0% |
| Assistant Accountant | 5,090 RON | -55% |
| Assistant Accounting Manager | 12,500 RON | +10% |
| Assistant Auditor | 6,750 RON | -41% |
| Assistant Corporate Controller | 9,580 RON | -16% |
| Assistant Finance Manager | 14,000 RON | +23% |
| Assistant Financial Controller | 9,010 RON | -21% |
| Audit Director | 14,900 RON | +31% |
| Audit Supervisor | 12,100 RON | +6% |
| Auditing Clerk | 5,190 RON | -55% |
| Auditing Manager | 14,500 RON | +27% |
| Billing Clerk | 5,290 RON | -54% |
| Billing Coordinator | 6,090 RON | -47% |
| Billing Specialist | 7,010 RON | -39% |
| Billing Supervisor | 10,500 RON | -8% |
| Bookkeeper | 4,360 RON | -62% |
| Bookkeeping Specialist | 6,740 RON | -41% |
| Budget Analyst | 12,100 RON | +6% |
| Budget Manager | 14,000 RON | +23% |
| Business Support Analyst | 7,610 RON | -33% |
| Capital Markets Associate | 9,710 RON | -15% |
| Cash Flow Analyst | 9,880 RON | -13% |
| Cash Management Manager | 13,800 RON | +21% |
| Cash Management Officer | 7,710 RON | -32% |
| Cashbook Clerk | 4,660 RON | -59% |
| Chartered Accountant | 8,250 RON | -28% |
| Chief Accountant | 10,300 RON | -10% |
| Chief Financial Technology Officer | 14,300 RON | +25% |
| Collections Clerk | 4,340 RON | -62% |
| Collections Representative | 5,990 RON | -48% |
| Collections Specialist | 6,710 RON | -41% |
| Corporate Controller | 10,200 RON | -11% |
| Corporate Treasurer | 12,600 RON | +10% |
| Cost Accountant | 6,590 RON | -42% |
| Cost Accounting Manager | 13,900 RON | +22% |
| Cost Accounting Supervisor | 11,000 RON | -4% |
| Cost Analyst | 10,800 RON | -5% |
| Credit and Collection Manager | 13,600 RON | +19% |
| Credit and Collection Staff | 5,160 RON | -55% |
| Credit and Loans Officer | 4,700 RON | -59% |
| Credit Controller | 9,470 RON | -17% |
| Credit Manager | 14,400 RON | +26% |
| Debt Adviser | 11,500 RON | +1% |
| Debt Collector | 5,390 RON | -53% |
| Debtors Clerk | 4,490 RON | -61% |
| Debtors Controller | 4,780 RON | -58% |
| Deputy CFO | 19,100 RON | +67% |
| Deputy Head of Finance | 17,700 RON | +55% |
| Derivative Trader | 11,700 RON | +3% |
| Director of Finance | 19,700 RON | +73% |
| E-commerce Accountant | 7,090 RON | -38% |
| Economist | 16,400 RON | +44% |
| Equity Analyst | 11,400 RON | -0% |
| Escrow Assistant | 5,960 RON | -48% |
| Executive Accountant | 7,780 RON | -32% |
| External Auditor | 9,390 RON | -18% |
| Finance Administrator | 7,690 RON | -33% |
| Finance Analyst | 12,700 RON | +11% |
| Finance Associate | 6,100 RON | -47% |
| Finance Data Analyst | 10,300 RON | -10% |
| Finance Director | 20,000 RON | +75% |
| Finance Executive | 14,200 RON | +24% |
| Finance Licensing Clerk | 4,840 RON | -58% |
| Finance Licensing Manager | 12,300 RON | +8% |
| Finance Licensing Specialist | 7,450 RON | -35% |
| Finance Manager | 18,300 RON | +60% |
| Finance Officer | 6,170 RON | -46% |
| Finance President | 20,900 RON | +83% |
| Finance Relationship Manager | 14,900 RON | +31% |
| Finance Release Analyst | 7,600 RON | -33% |
| Finance Specialist | 11,500 RON | +1% |
| Finance Team Leader | 14,500 RON | +27% |
| Financial Accountant | 6,410 RON | -44% |
| Financial Actuary | 10,100 RON | -11% |
| Financial Administrator | 11,400 RON | -0% |
| Financial Advisor | 12,100 RON | +6% |
| Financial Analyst | 11,800 RON | +3% |
| Financial Applications Specialist | 8,580 RON | -25% |
| Financial Assistant | 5,330 RON | -53% |
| Financial Associate | 6,150 RON | -46% |
| Financial Claims Analyst | 9,310 RON | -18% |
| Financial Claims Manager | 11,900 RON | +4% |
| Financial Claims Supervisor | 10,600 RON | -7% |
| Financial Clerk | 5,210 RON | -54% |
| Financial Commercial Analyst | 9,960 RON | -13% |
| Financial Compliance Analyst | 10,700 RON | -6% |
| Financial Compliance Officer | 10,800 RON | -5% |
| Financial Consultant | 8,670 RON | -24% |
| Financial Controller | 10,600 RON | -7% |
| Financial Coordinator | 5,950 RON | -48% |
| Financial Customer Service Manager | 12,200 RON | +7% |
| Financial Data Scientist | 12,200 RON | +7% |
| Financial Dealer and Broker | 7,340 RON | -36% |
| Financial Director | 19,100 RON | +67% |
| Financial Encoder | 5,460 RON | -52% |
| Financial Manager | 18,700 RON | +64% |
| Financial Modelling Analyst | 12,600 RON | +10% |
| Financial Operations Manager | 17,700 RON | +55% |
| Financial Policy Analyst | 10,800 RON | -5% |
| Financial Project Manager | 14,400 RON | +26% |
| Financial Quantitative Analyst | 11,300 RON | -1% |
| Financial Reporting Consultant | 9,370 RON | -18% |
| Financial Reporting Manager | 13,300 RON | +17% |
| Financial Section Head | 12,600 RON | +10% |
| Financial Services Manager | 16,400 RON | +44% |
| Financial Services Sales Agent | 7,440 RON | -35% |
| Financial Technology Consultant | 10,600 RON | -7% |
| Financial Wellness Coach | 13,300 RON | +17% |
| FinTech Analyst | 11,900 RON | +4% |
| Fixed Assets Administrator | 7,250 RON | -36% |
| Forensic Accountant | 7,500 RON | -34% |
| Fraud Detection Supervisor | 7,920 RON | -31% |
| Fraud Prevention Manager | 14,000 RON | +23% |
| Fund Accountant | 6,310 RON | -45% |
| Grants Coordinator | 4,950 RON | -57% |
| Green Finance Analyst | 10,700 RON | -6% |
| Group Financial Manager | 19,900 RON | +74% |
| Internal Auditor | 8,630 RON | -24% |
| Internal Control Adviser | 10,100 RON | -11% |
| Internal Control Officer | 5,970 RON | -48% |
| International Tax Director | 15,800 RON | +38% |
| Inventory Accountant | 6,720 RON | -41% |
| Investment Advisor | 18,800 RON | +65% |
| Investment Analyst | 13,400 RON | +17% |
| Investment Associate | 11,100 RON | -3% |
| Investment Broker | 11,000 RON | -4% |
| Investment Fund Manager | 15,700 RON | +38% |
| Investment Operations Manager | 15,500 RON | +36% |
| Investment Underwriter | 5,770 RON | -49% |
| Investor | 9,050 RON | -21% |
| Investor Relations Manager | 13,600 RON | +19% |
| KYC Team Leader | 12,800 RON | +12% |
| Loan Processor | 5,520 RON | -52% |
| Management Accountant | 7,310 RON | -36% |
| Management Economist | 15,700 RON | +38% |
| Paymaster | 5,560 RON | -51% |
| Payroll Administrator | 8,730 RON | -23% |
| Payroll Benefits Coordinator | 7,530 RON | -34% |
| Payroll Billing Manager | 12,000 RON | +5% |
| Payroll Clerk | 6,140 RON | -46% |
| Payroll Manager | 12,400 RON | +9% |
| Payroll Officer | 6,090 RON | -47% |
| Payroll Specialist | 7,020 RON | -38% |
| Payroll Supervisor | 8,360 RON | -27% |
| Pensions Administrator | 7,150 RON | -37% |
| Personal Financial Advisor | 10,200 RON | -11% |
| Pricing Analyst | 11,300 RON | -1% |
| Private Equity Analyst | 12,000 RON | +5% |
| Project Accountant | 7,060 RON | -38% |
| Proposal Development Coordinator | 6,010 RON | -47% |
| Quantitative Trader | 9,670 RON | -15% |
| Receivables Accountant | 6,200 RON | -46% |
| Regulatory Accountant | 7,140 RON | -37% |
| Retirement Plan Analyst | 10,200 RON | -11% |
| Revenue Management Specialist | 11,400 RON | -0% |
| Revenue Recognition Analyst | 12,200 RON | +7% |
| Risk Management Director | 16,600 RON | +45% |
| Risk Management Supervisor | 13,200 RON | +16% |
| Staff Accountant | 6,320 RON | -45% |
| Tax Accountant | 6,500 RON | -43% |
| Tax Administrator | 7,290 RON | -36% |
| Tax Advisor | 9,910 RON | -13% |
| Tax Analyst | 10,600 RON | -7% |
| Tax Associate | 5,630 RON | -51% |
| Tax Consultant | 10,600 RON | -7% |
| Tax Director | 14,800 RON | +30% |
| Tax Examiner | 7,140 RON | -37% |
| Tax Manager | 13,100 RON | +15% |
| Tax Research Manager | 13,900 RON | +22% |
| Teller | 3,920 RON | -66% |
| Treasury Accountant | 7,030 RON | -38% |
| Treasury Analyst | 10,800 RON | -5% |
| Underwriter | 4,910 RON | -57% |
| Underwriting Assistant | 4,450 RON | -61% |
| Vice President of Finance | 17,600 RON | +54% |
Salary Comparison By City
| City | Average Salary |
| Bucharest | 11,400 RON |
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 Romania is 7% on average across all career fields.
| Private Sector | 8,790 RON | |
| Public Sector | +7% | 9,420 RON |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Administrator in Bucharest?
A good and competitive compensation would range anywhere between 10,600 RON and 12,000 RON. 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 Administrator in Bucharest ranges from 5,710 RON to 8,670 RON. 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
