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Financial Controller Average Salary in United Kingdom 2024

How much money does a person working as Financial Controller make in United Kingdom?

Average Yearly Salary
77,600 GBP
( 6,470 GBP monthly)

All salary figures displayed here are per year 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 Controller in United Kingdom typically earns around 77,600 GBP. Salaries range from 35,700 GBP (lowest) to 123,000 GBP (highest).

Salary Variance

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

Financial Controller Pay Scale and Salaries in United Kingdom

Median and salary distribution United Kingdom Financial Controller yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
73,600 GBP or more
10% of people earn
64,500 to 73,600 GBP
20% of people earn
44,400 GBP or less
65% of people earn
44,400 to 64,500 GBP
Minimum Salary
35,700 GBP
74,200 GBP
123,000 GBP

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Financial Controller in United Kingdom range from 35,700 GBP (starting salary) to 123,000 GBP (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 74,200 GBP, half of the professionals who work as Financial Controller in United Kingdom 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 Controller in United Kingdom earn less than 59,800 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 85,500 GBP 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 Controller in United Kingdom compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 44,400 GBP to 64,500 GBP. About 20% of salaries are below the 44,400 GBP mark, while 10% fall within the range of 64,500 GBP to 73,600 GBP. Only 5% of individuals have salaries exceeding 73,600 GBP.

Salary Comparison by Years of Experience / Financial Controller / United Kingdom

How do experience and age affect pay?

0 - 2 Years
40,500 GBP
2 - 5 Years+34%
54,100 GBP
5 - 10 Years+48%
80,000 GBP
10 - 15 Years+22%
97,500 GBP
15 - 20 Years+9%
106,000 GBP
20+ Years+8%
115,000 GBP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly United Kingdom Financial Controller
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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 Controller and this is what we found.

All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 40,500 GBP.

While someone with an experience level between two and five years is expected to earn 54,100 GBP, 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 80,000 GBP, 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 97,500 GBP, 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 106,000 GBP, 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 115,000 GBP, 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
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Salary Comparison By Education / Financial Controller / United Kingdom

How do education levels affect salaries?

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

High School
46,200 GBP
Certificate or Diploma+57%
72,500 GBP
Bachelor's Degree+68%
122,000 GBP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly United Kingdom Financial Controller
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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 Controller in order to make a comparison.

Level 1: High School

Employees at this education level have an average salary of 46,200 GBP.

Level 2: Certificate or Diploma

At this level, the average salary becomes 72,500 GBP, 57% more than the previous level.

Level 3: Bachelor's Degree

At this level, the average salary becomes 122,000 GBP, 68% more than the previous level.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Financial Controller / United Kingdom

Salary comparison by gender United Kingdom Financial Controller yearly
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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 Controller in United Kingdom, the average difference between the salary of male and female employees is 5%.

79,500 GBP
75,800 GBP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United Kingdom for all Careers

Salary comparison by gender yearly United Kingdom
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Average Annual Salary Increment Percentage / Financial Controller / United Kingdom

How much are annual salary increments in United Kingdom for individuals working as Financial Controller? How often do employees get salary raises?

Individuals working as Financial Controller in United Kingdom are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate United Kingdom Financial Controller
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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.

United Kingdom / All Professions

Annual Salary Increment Rate United Kingdom
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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 United Kingdom 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 Controller / United Kingdom

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United Kingdom Financial Controller
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39% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 61% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

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 / Financial Controller / United Kingdom

37 GBP per hour

The average hourly wage (pay per hour) for individuals working as Financial Controller in United Kingdom is 37 GBP.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 Controller in United Kingdom is 17 GBP. 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 Examiner39,500 GBP-49%
Account Executive66,500 GBP-14%
Accountant49,400 GBP-36%
Accounting Analyst65,500 GBP-16%
Accounting Assistant39,700 GBP-49%
Accounting Associate35,900 GBP-54%
Accounting Clerk30,800 GBP-60%
Accounting Coordinator47,400 GBP-39%
Accounting Head105,000 GBP+35%
Accounting Manager106,000 GBP+37%
Accounting Officer36,800 GBP-53%
Accounting Specialist69,300 GBP-11%
Accounting Supervisor72,600 GBP-6%
Accounting Technician37,000 GBP-52%
Accounting Unit Controller83,100 GBP+7%
Accounts Executive66,000 GBP-15%
Accounts Officer41,200 GBP-47%
Accounts Payable and Receivable Specialist52,400 GBP-32%
Accounts Payable Assistant39,800 GBP-49%
Accounts Payable Associate46,700 GBP-40%
Accounts Payable Clerk38,000 GBP-51%
Accounts Payable Manager104,000 GBP+34%
Accounts Receivable Administrator71,700 GBP-8%
Accounts Receivable Clerk36,400 GBP-53%
Accounts Receivable Financial Analyst73,700 GBP-5%
Accounts Receivable Manager97,800 GBP+26%
Accounts Receivable Team Leader71,700 GBP-8%
Algorithmic Trading Specialist90,500 GBP+17%
Assistant Accountant40,200 GBP-48%
Assistant Accounting Manager97,500 GBP+26%
Assistant Auditor49,400 GBP-36%
Assistant Corporate Controller67,900 GBP-13%
Assistant Finance Manager105,000 GBP+35%
Assistant Financial Controller65,900 GBP-15%
Audit Director117,000 GBP+51%
Audit Supervisor95,700 GBP+23%
Auditing Clerk41,200 GBP-47%
Auditing Manager110,000 GBP+42%
Billing Clerk37,400 GBP-52%
Billing Coordinator46,000 GBP-41%
Billing Specialist53,200 GBP-31%
Billing Supervisor79,800 GBP+3%
Bookkeeper31,900 GBP-59%
Bookkeeping Specialist50,400 GBP-35%
Budget Analyst85,900 GBP+11%
Budget Manager106,000 GBP+37%
Business Support Analyst55,800 GBP-28%
Capital Markets Associate75,600 GBP-3%
Cash Flow Analyst79,600 GBP+3%
Cash Management Manager97,000 GBP+25%
Cash Management Officer58,000 GBP-25%
Cashbook Clerk33,100 GBP-57%
Chartered Accountant66,200 GBP-15%
Chief Accountant78,800 GBP+2%
Chief Financial Technology Officer103,000 GBP+33%
Collections Clerk32,100 GBP-59%
Collections Representative45,400 GBP-41%
Collections Specialist49,900 GBP-36%
Corporate Controller83,400 GBP+7%
Corporate Treasurer93,500 GBP+20%
Cost Accountant49,800 GBP-36%
Cost Accounting Manager100,000 GBP+29%
Cost Accounting Supervisor81,300 GBP+5%
Cost Analyst82,500 GBP+6%
Credit and Collection Manager103,000 GBP+33%
Credit and Collection Staff37,400 GBP-52%
Credit and Loans Officer38,400 GBP-51%
Credit Controller71,200 GBP-8%
Credit Manager103,000 GBP+33%
Debt Adviser85,800 GBP+11%
Debt Collector42,900 GBP-45%
Debtors Clerk35,200 GBP-55%
Debtors Controller36,800 GBP-53%
Deputy CFO135,000 GBP+74%
Deputy Head of Finance142,000 GBP+83%
Derivative Trader90,500 GBP+17%
Director of Finance155,000 GBP+100%
E-commerce Accountant54,100 GBP-30%
Economist114,000 GBP+47%
Equity Analyst90,000 GBP+16%
Escrow Assistant45,500 GBP-41%
Executive Accountant57,600 GBP-26%
External Auditor69,100 GBP-11%
Finance Administrator60,500 GBP-22%
Finance Analyst89,100 GBP+15%
Finance Associate46,300 GBP-40%
Finance Data Analyst79,000 GBP+2%
Finance Director146,000 GBP+88%
Finance Executive105,000 GBP+35%
Finance Licensing Clerk37,700 GBP-51%
Finance Licensing Manager92,700 GBP+19%
Finance Licensing Specialist54,100 GBP-30%
Finance Manager143,000 GBP+84%
Finance Officer46,400 GBP-40%
Finance President149,000 GBP+92%
Finance Relationship Manager120,000 GBP+55%
Finance Release Analyst55,600 GBP-28%
Finance Specialist86,800 GBP+12%
Finance Team Leader 119,000 GBP+53%
Financial Accountant49,400 GBP-36%
Financial Actuary81,000 GBP+4%
Financial Administrator87,400 GBP+13%
Financial Advisor88,500 GBP+14%
Financial Analyst93,100 GBP+20%
Financial Applications Specialist63,900 GBP-18%
Financial Assistant42,300 GBP-45%
Financial Associate47,900 GBP-38%
Financial Claims Analyst65,100 GBP-16%
Financial Claims Manager88,700 GBP+14%
Financial Claims Supervisor84,700 GBP+9%
Financial Clerk37,600 GBP-52%
Financial Commercial Analyst73,000 GBP-6%
Financial Compliance Analyst84,500 GBP+9%
Financial Compliance Officer79,700 GBP+3%
Financial Consultant69,500 GBP-10%
Financial Controller82,800 GBP+7%
Financial Coordinator45,600 GBP-41%
Financial Customer Service Manager93,100 GBP+20%
Financial Data Scientist96,200 GBP+24%
Financial Dealer and Broker54,300 GBP-30%
Financial Director152,000 GBP+96%
Financial Encoder42,100 GBP-46%
Financial Manager149,000 GBP+92%
Financial Modelling Analyst95,500 GBP+23%
Financial Operations Manager124,000 GBP+60%
Financial Policy Analyst80,600 GBP+4%
Financial Project Manager104,000 GBP+34%
Financial Quantitative Analyst87,000 GBP+12%
Financial Reporting Consultant75,900 GBP-2%
Financial Reporting Manager99,300 GBP+28%
Financial Section Head101,000 GBP+30%
Financial Services Manager126,000 GBP+62%
Financial Services Sales Agent53,400 GBP-31%
Financial Technology Consultant77,800 GBP+0%
Financial Wellness Coach104,000 GBP+34%
FinTech Analyst90,100 GBP+16%
Fixed Assets Administrator50,500 GBP-35%
Forensic Accountant60,500 GBP-22%
Fraud Detection Supervisor64,500 GBP-17%
Fraud Prevention Manager99,300 GBP+28%
Fund Accountant47,900 GBP-38%
Grants Coordinator37,000 GBP-52%
Green Finance Analyst74,000 GBP-5%
Group Financial Manager142,000 GBP+83%
Internal Auditor67,900 GBP-13%
Internal Control Adviser82,300 GBP+6%
Internal Control Officer42,400 GBP-45%
International Tax Director119,000 GBP+53%
Inventory Accountant50,500 GBP-35%
Investment Advisor138,000 GBP+78%
Investment Analyst105,000 GBP+35%
Investment Associate88,900 GBP+15%
Investment Broker82,800 GBP+7%
Investment Fund Manager110,000 GBP+42%
Investment Operations Manager113,000 GBP+46%
Investment Underwriter43,100 GBP-44%
Investor67,300 GBP-13%
Investor Relations Manager97,500 GBP+26%
KYC Team Leader100,000 GBP+29%
Loan Processor41,700 GBP-46%
Management Accountant56,400 GBP-27%
Management Economist113,000 GBP+46%
Paymaster40,800 GBP-47%
Payroll Administrator67,600 GBP-13%
Payroll Benefits Coordinator54,900 GBP-29%
Payroll Billing Manager93,400 GBP+20%
Payroll Clerk46,000 GBP-41%
Payroll Manager89,700 GBP+16%
Payroll Officer45,800 GBP-41%
Payroll Specialist50,900 GBP-34%
Payroll Supervisor64,400 GBP-17%
Pensions Administrator51,300 GBP-34%
Personal Financial Advisor79,100 GBP+2%
Pricing Analyst81,400 GBP+5%
Private Equity Analyst86,000 GBP+11%
Project Accountant55,200 GBP-29%
Proposal Development Coordinator43,100 GBP-44%
Quantitative Trader70,100 GBP-10%
Receivables Accountant48,200 GBP-38%
Regulatory Accountant56,400 GBP-27%
Retirement Plan Analyst83,400 GBP+7%
Revenue Management Specialist80,700 GBP+4%
Revenue Recognition Analyst91,500 GBP+18%
Risk Management Director123,000 GBP+58%
Risk Management Supervisor104,000 GBP+34%
Staff Accountant50,600 GBP-35%
Tax Accountant49,300 GBP-36%
Tax Administrator54,700 GBP-30%
Tax Advisor79,500 GBP+2%
Tax Analyst73,900 GBP-5%
Tax Associate41,200 GBP-47%
Tax Consultant79,200 GBP+2%
Tax Director118,000 GBP+52%
Tax Examiner56,100 GBP-28%
Tax Manager99,700 GBP+28%
Tax Research Manager103,000 GBP+33%
Teller30,800 GBP-60%
Treasury Accountant53,100 GBP-32%
Treasury Analyst83,400 GBP+7%
Underwriter35,300 GBP-55%
Underwriting Assistant34,100 GBP-56%
Vice President of Finance143,000 GBP+84%

Salary Comparison By City

CityAverage Salary
London91,800 GBP

Salary Comparison By State

StateAverage Salary
England149,000 GBP
Northern Ireland73,000 GBP
Scotland111,000 GBP
Wales73,700 GBP

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 United Kingdom is 4% on average across all career fields.

Private Sector
69,700 GBP
Public Sector+4%
72,800 GBP
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 Controller in United Kingdom?

A good and competitive compensation would range anywhere between 74,200 GBP and 85,500 GBP. 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 Controller in United Kingdom ranges from 35,700 GBP to 59,800 GBP. 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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