Browse Salaries
Best Paying Jobs
Submit Salary
Salary Increase Letters

Chief Financial Officer Average Salary in Germany 2024

How much money does a person working as Chief Financial Officer make in Germany?

Average Monthly Salary
7,480 EUR
( 89,800 EUR yearly)

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 Chief Financial Officer in Germany typically earns around 7,480 EUR. Salaries range from 3,440 EUR (lowest) to 11,900 EUR (highest).

Salary Variance

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

Chief Financial Officer Pay Scale and Salaries in Germany

Median and salary distribution Germany Chief Financial Officer monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/executive-and-management/chief-financial-officer/median-and-salary-distribution-monthly-germany-chief-financial-officer.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
7,100 EUR or more
10% of people earn
6,220 to 7,100 EUR
20% of people earn
4,280 EUR or less
65% of people earn
4,280 to 6,220 EUR
Minimum Salary
3,440 EUR
7,150 EUR
11,900 EUR

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 Chief Financial Officer in Germany range from 3,440 EUR (starting salary) to 11,900 EUR (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 7,150 EUR, half of the professionals who work as Chief Financial Officer in Germany 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 Chief Financial Officer in Germany earn less than 5,770 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,240 EUR 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 Chief Financial Officer in Germany compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,280 EUR to 6,220 EUR. About 20% of salaries are below the 4,280 EUR mark, while 10% fall within the range of 6,220 EUR to 7,100 EUR. Only 5% of individuals have salaries exceeding 7,100 EUR.

Salary Comparison by Years of Experience / Chief Financial Officer / Germany

How do experience and age affect pay?

0 - 2 Years
3,910 EUR
2 - 5 Years+34%
5,220 EUR
5 - 10 Years+48%
7,710 EUR
10 - 15 Years+22%
9,400 EUR
15 - 20 Years+9%
10,300 EUR
20+ Years+8%
11,100 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Germany Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/executive-and-management/chief-financial-officer/salary-comparison-by-years-of-experience-monthly-germany-chief-financial-officer.jpg

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 Chief Financial Officer 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 3,910 EUR.

While someone with an experience level between two and five years is expected to earn 5,220 EUR, 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 7,710 EUR, 48% 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 9,400 EUR, 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 10,300 EUR, 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 11,100 EUR, 8% 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Chief Financial Officer / Germany

How do education levels affect salaries?

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

High School
4,800 EUR
Certificate or Diploma+18%
5,640 EUR
Bachelor's Degree+45%
8,180 EUR
Master's Degree+31%
10,700 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Germany Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/executive-and-management/chief-financial-officer/salary-comparison-by-education-level-monthly-germany-chief-financial-officer.jpg

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 Chief Financial Officer in order to make a comparison.

Level 1: High School

Employees at this education level have an average salary of 4,800 EUR.

Level 2: Certificate or Diploma

At this level, the average salary becomes 5,640 EUR, 18% more than the previous level.

Level 3: Bachelor's Degree

At this level, the average salary becomes 8,180 EUR, 45% more than the previous level.

Level 4: Master's Degree

At this level, the average salary becomes 10,700 EUR, 31% 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 Germany costs anywhere from 19,100 EUR to 57,400 EUR 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

Salary and Compensation Comparison By Gender / Chief Financial Officer / Germany

Salary comparison by gender Germany Chief Financial Officer monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/executive-and-management/chief-financial-officer/salary-comparison-by-gender-monthly-germany-chief-financial-officer.jpg

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 Chief Financial Officer in Germany, the average difference between the salary of male and female employees is 6%.

7,700 EUR
7,270 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Germany for all Careers

Salary comparison by gender monthly Germany
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/salary-comparison-by-gender-monthly-germany.jpg

Average Annual Salary Increment Percentage / Chief Financial Officer / Germany

How much are annual salary increments in Germany for individuals working as Chief Financial Officer? How often do employees get salary raises?

Individuals working as Chief Financial Officer in Germany are likely to observe a salary increase of approximately 14% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Germany Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/executive-and-management/chief-financial-officer/annual-salary-increment-rate-germany-chief-financial-officer.jpg

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.

Germany / All Professions

Annual Salary Increment Rate Germany
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/annual-salary-increment-rate-germany.jpg

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 Germany is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

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 / Chief Financial Officer / Germany

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Germany Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/executive-and-management/chief-financial-officer/annual-salary-bonus-rate-germany-chief-financial-officer.jpg

12% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 88% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 / Chief Financial Officer / Germany

43 EUR per hour

The average hourly wage (pay per hour) for individuals working as Chief Financial Officer in Germany is 43 EUR.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 Chief Financial Officer in Germany is 20 EUR. 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
Executive and Management-100%
Account Coordinator3,300 EUR-56%
Account Director3,960 EUR-47%
Account Executive4,120 EUR-45%
Account Manager4,000 EUR-47%
Administration Manager3,970 EUR-47%
Administration Officer2,300 EUR-69%
Administration Supervisor3,520 EUR-53%
Administrative Clerk1,730 EUR-77%
Administrative Officer1,660 EUR-78%
Area Director3,750 EUR-50%
Area Manager3,720 EUR-50%
Asset Protection Associate4,650 EUR-38%
Assistant Director4,030 EUR-46%
Assistant General Manager4,380 EUR-41%
Assistant Manager4,690 EUR-37%
Assistant Managing Director5,180 EUR-31%
Assistant Operations Manager4,990 EUR-33%
Assistant Project Manager4,100 EUR-45%
Assistant Section Head3,630 EUR-51%
Assistant to CEO4,060 EUR-46%
Assistant Vice President4,720 EUR-37%
Associate Account Director4,350 EUR-42%
Associate Director4,350 EUR-42%
Bid Manager4,930 EUR-34%
Branch Manager4,710 EUR-37%
Business Development Manager5,120 EUR-32%
Business Operations Associate4,330 EUR-42%
Business Operations Lead4,380 EUR-41%
Campaign Manager4,830 EUR-35%
Catering Coordinator2,610 EUR-65%
Catering Manager4,290 EUR-43%
CEO8,210 EUR+10%
Chairman of The Board8,370 EUR+12%
Chairman Office Manager5,400 EUR-28%
Chief Commercial Officer5,910 EUR-21%
Chief Corporate Officer6,330 EUR-15%
Chief Digital Officer5,980 EUR-20%
Chief Digital Strategy Officer5,980 EUR-20%
Chief Digital Transformation Officer5,480 EUR-27%
Chief Ethics Officer4,800 EUR-36%
Chief Executive Officer8,080 EUR+8%
Chief Financial Officer7,480 EUR-0%
Chief Investment Officer5,950 EUR-20%
Chief of Staff3,810 EUR-49%
Chief Operating Officer5,940 EUR-21%
Chief Privacy Officer5,020 EUR-33%
Chief Resilience Officer5,890 EUR-21%
Chief Risk Officer5,090 EUR-32%
Chief Strategy Officer6,880 EUR-8%
Chief Trust and Safety Officer5,060 EUR-32%
Client Account Manager4,980 EUR-33%
Client Accounts Officer4,120 EUR-45%
Client Services Manager5,550 EUR-26%
Commercial Director5,420 EUR-28%
Commercial Manager4,830 EUR-35%
Commercial Project Manager4,610 EUR-38%
Commodity Broker3,310 EUR-56%
COO6,040 EUR-19%
Corporate Affairs Executive5,000 EUR-33%
Corporate Compliance Director5,580 EUR-25%
Corporate Director5,760 EUR-23%
Corporate Officer3,940 EUR-47%
Corporate Partnerships Officer3,990 EUR-47%
Country Manager6,690 EUR-11%
Department Head5,270 EUR-30%
Department Manager5,180 EUR-31%
Department Supervisor4,390 EUR-41%
Deputy Director5,840 EUR-22%
Deputy Manager5,720 EUR-24%
Director6,580 EUR-12%
Director of Accreditation5,370 EUR-28%
Director of Catering Services4,730 EUR-37%
Director of Client Services5,440 EUR-27%
Director of Facilities Management4,700 EUR-37%
Director of Operations5,640 EUR-25%
Director of Process Simplification4,230 EUR-43%
Director of Product Management5,380 EUR-28%
Director of Project Management5,650 EUR-25%
Director of Revenue Management5,160 EUR-31%
Director of Training and Development5,310 EUR-29%
Distribution Manager5,580 EUR-25%
Division Manager4,980 EUR-33%
Duty Manager4,570 EUR-39%
Engagement Manager5,610 EUR-25%
Executive Director7,870 EUR+5%
Executive Manager6,940 EUR-7%
Franchise Manager6,960 EUR-7%
General Manager6,100 EUR-18%
Generational Consultant4,600 EUR-39%
Global Master Data Manager5,780 EUR-23%
Global Technical Lead3,620 EUR-52%
Head of Investment5,690 EUR-24%
Head of Middle Office5,230 EUR-30%
Head of Projects5,420 EUR-28%
Head of Strategy6,490 EUR-13%
Head of Supply Chain5,190 EUR-31%
Head of Sustainability4,680 EUR-37%
Housing Manager4,430 EUR-41%
HSE Manager4,370 EUR-42%
Innovation Manager4,880 EUR-35%
Key Account Manager4,500 EUR-40%
Knowledge Manager5,300 EUR-29%
Location Manager4,930 EUR-34%
Logistics Executive4,200 EUR-44%
Logistics Manager4,430 EUR-41%
Management Consultant4,490 EUR-40%
Management Executive5,800 EUR-23%
Manager5,660 EUR-24%
Managing Director6,690 EUR-11%
MIS Executive5,760 EUR-23%
Ocean Services Manager5,810 EUR-22%
Online Business Manager7,650 EUR+2%
Operational Manager5,830 EUR-22%
Operations Analyst4,680 EUR-37%
Operations Assistant4,120 EUR-45%
Operations Director6,130 EUR-18%
Operations Executive6,050 EUR-19%
Operations Manager6,200 EUR-17%
Operations Supervisor4,980 EUR-33%
Planning Director5,790 EUR-23%
PMO Manager5,250 EUR-30%
Policy Administration Executive4,610 EUR-38%
Private Sector Executive5,030 EUR-33%
Product Development Manager5,580 EUR-25%
Product Executive4,820 EUR-36%
Production Executive5,410 EUR-28%
Production Manager5,640 EUR-25%
Production Supervisor4,500 EUR-40%
Program Director5,960 EUR-20%
Program Manager5,610 EUR-25%
Programme Coordinator4,040 EUR-46%
Project Control Manager5,700 EUR-24%
Project Coordinator3,530 EUR-53%
Project Management Officer4,060 EUR-46%
Project Manager3,940 EUR-47%
Project Portfolio Manager4,500 EUR-40%
Quality Manager4,610 EUR-38%
R/D Director4,770 EUR-36%
Regional Director7,700 EUR+3%
Regional Manager5,750 EUR-23%
Relationship Manager5,450 EUR-27%
Retail District Manager3,740 EUR-50%
Revenue Manager4,560 EUR-39%
Risk and Capital Manager5,930 EUR-21%
Risk Officer4,310 EUR-42%
Safety Manager4,200 EUR-44%
Section Head4,290 EUR-43%
Service Manager4,600 EUR-39%
Shift Supervisor3,430 EUR-54%
Solutions Manager3,920 EUR-48%
Supervisor3,320 EUR-56%
Supply Chain Manager5,810 EUR-22%
Surveyor3,860 EUR-48%
Technical Director5,030 EUR-33%
Technical Manager5,040 EUR-33%
Territory Manager5,320 EUR-29%
Validation Manager4,750 EUR-37%
Vice President6,390 EUR-15%
Zone Manager5,970 EUR-20%

Salary Comparison By City

CityAverage Salary
Berlin8,910 EUR
Dortmund7,040 EUR
Frankfurt7,680 EUR
Hamburg8,380 EUR
Munchen8,700 EUR
Stuttgart7,820 EUR

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 Germany is 5% on average across all career fields.

Private Sector
3,740 EUR
Public Sector+5%
3,910 EUR
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 Chief Financial Officer in Germany?

A good and competitive compensation would range anywhere between 7,150 EUR and 8,240 EUR. 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 Chief Financial Officer in Germany ranges from 3,440 EUR to 5,770 EUR. 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

Browse Salaries

Salary Increase Letters

Best Paying Jobs

©Salary Explorer 2024