Salary Study Finance: Fair and market-driven salaries called for
What is an appropriate salary? The HR consultancy Careerplus answers this question with its latest salary study for the finance sector, thereby also contributing to salary transparency. The study shows the range of salaries for finance specialists, most of whom work in SMEs, and which factors contribute to a salary increase.
At 90,000 Swiss francs, the median annual salary for the finance sector is 14.7 percent above the Swiss average. Further training, foreign language skills and management span are the main factors contributing to wage increases. Foreign language skills have gained in importance: Two years ago, these were still secondary in the same study. In the meantime, mastery of a foreign language, usually English, has become indispensable for job profiles such as accountant and controller. If a controller speaks at least one additional language, his median salary is around 115,000 Swiss francs; without foreign language skills, it is 105,000 Swiss francs.
Professional experience and further training pay off
In terms of management span, there is usually a jump from five employees: For example, if a Head of Finance/CFO has more than four employees in his team, his median salary increases by 16,500 francs per year. CFOs are the top earners in finance, with an annual salary of 150,000 francs, followed by heads of controlling, who earn 145,000 francs annually. Another finding of the study is that those who rely on professional experience combined with further training are well advised. In particular, specific further training to become a federally certified expert, auditor or trustee generally leads to a higher salary. For example, a CFO with further training as a certified public accountant earns a median of 10,000 francs more than his colleague with a university degree without the corresponding further training.
Guide for salaries in line with the market
The representative study, which Careerplus publishes every two years, looks at how foreign language skills, education and training, management span and age affect the median salary for each job profile. Additional information such as hiring criteria and next career steps supplement the corresponding job profile chapters. The ten job profiles are primarily represented in SMEs: Accounting Clerk, Accountant, Head of Accounting, Head of Finance/CFO, Junior Controller, Controller, Head of Controlling, Fiduciary Clerk, Trustee and Auditor.
The salary survey also contains a form for the individual calculation of a salary, which can be used to calculate per salary level, age and economic sector whether one's own salary or that of the employees is in line with the market and fair.
Source: Careerplus
