Financial Reporting Consultant Average Salary in Berlin 2024
How much money does a person working as Financial Reporting Consultant make in Berlin?
LOW
2,240
EUR AVERAGE
4,220
EUR HIGH
6,420
EUR
A person working as Financial Reporting Consultant in Berlin typically earns around 4,220 EUR. Salaries range from 2,240 EUR (lowest) to 6,420 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Reporting Consultant salaries in Berlin vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Reporting Consultant Pay Scale and Salaries in Berlin
Salary Structure and Pay Scale Comparison
3,790 EUR or more
3,390 to 3,790 EUR
2,490 EUR or less
2,490 to 3,390 EUR
 2,240 EUR |
3,810 EUR |
6,420 EUR |
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 Reporting Consultant in Berlin range from 2,240 EUR (starting salary) to 6,420 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 3,810 EUR, half of the professionals who work as Financial Reporting Consultant in Berlin 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 Reporting Consultant in Berlin earn less than 3,170 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,310 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 Financial Reporting Consultant in Berlin compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,490 EUR to 3,390 EUR. About 20% of salaries are below the 2,490 EUR mark, while 10% fall within the range of 3,390 EUR to 3,790 EUR. Only 5% of individuals have salaries exceeding 3,790 EUR.
Salary Comparison by Years of Experience / Financial Reporting Consultant / Berlin
How do experience and age affect pay?
| 0 - 2 Years | 2,570 EUR | |
| 2 - 5 Years | +23% | 3,160 EUR |
| 5 - 10 Years | +42% | 4,470 EUR |
| 10 - 15 Years | +17% | 5,230 EUR |
| 15 - 20 Years | +10% | 5,750 EUR |
| 20+ Years | +6% | 6,080 EUR |
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 Reporting Consultant and this is what we found.
Employees with less than two years of experience earn approximately 2,570 EUR.
While someone with an experience level between two and five years is expected to earn 3,160 EUR, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,470 EUR, 42% 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 5,230 EUR, 17% 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 5,750 EUR, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 6,080 EUR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Reporting Consultant / Berlin
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Reporting Consultant.
| High School | 3,120 EUR | |
| Certificate or Diploma | +13% | 3,530 EUR |
| Bachelor's Degree | +31% | 4,620 EUR |
| Master's Degree | +32% | 6,080 EUR |
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 Reporting Consultant in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 3,120 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 3,530 EUR, 13% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 4,620 EUR, 31% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 6,080 EUR, 32% 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 and Compensation Comparison By Gender / Financial Reporting Consultant / Berlin
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 Reporting Consultant in Germany, the average difference between the salary of male and female employees is 6%.
| Male | 3,730 EUR | |
| Female | -6% | 3,510 EUR |
Salary Comparison By Gender in Germany for all Careers
Average Annual Salary Increment Percentage / Financial Reporting Consultant / Berlin
How much are annual salary increments in Berlin for individuals working as Financial Reporting Consultant? How often do employees get salary raises?
Individuals working as Financial Reporting Consultant in Germany 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 16 months.
Germany / 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 Reporting Consultant / Germany
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/accounting-and-finance/financial-reporting-consultant/annual-salary-bonus-rate-germany-financial-reporting-consultant.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 Reporting Consultant / Berlin
24 EUR per hourThe average hourly wage (pay per hour) for individuals working as Financial Reporting Consultant in Berlin is 24 EUR.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 Reporting Consultant in Berlin is 13 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 Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 2,220 EUR | -47% |
| Account Executive | 3,800 EUR | -10% |
| Accountant | 2,860 EUR | -32% |
| Accounting Analyst | 3,670 EUR | -13% |
| Accounting Assistant | 2,190 EUR | -48% |
| Accounting Associate | 2,200 EUR | -48% |
| Accounting Clerk | 1,790 EUR | -58% |
| Accounting Coordinator | 2,660 EUR | -37% |
| Accounting Head | 6,020 EUR |  +43% |
| Accounting Manager | 6,460 EUR | +53% |
| Accounting Officer | 2,170 EUR | -49% |
| Accounting Specialist | 3,890 EUR | -8% |
| Accounting Supervisor | 4,040 EUR | -4% |
| Accounting Technician | 2,130 EUR | -50% |
| Accounting Unit Controller | 4,900 EUR | +16% |
| Accounts Executive | 3,880 EUR | -8% |
| Accounts Officer | 2,200 EUR | -48% |
| Accounts Payable and Receivable Specialist | 2,860 EUR | -32% |
| Accounts Payable Assistant | 2,260 EUR | -46% |
| Accounts Payable Associate | 2,720 EUR | -36% |
| Accounts Payable Clerk | 2,220 EUR | -47% |
| Accounts Payable Manager | 5,770 EUR | +37% |
| Accounts Receivable Administrator | 4,200 EUR | -0% |
| Accounts Receivable Clerk | 2,130 EUR | -50% |
| Accounts Receivable Financial Analyst | 4,100 EUR | -3% |
| Accounts Receivable Manager | 5,450 EUR | +29% |
| Accounts Receivable Team Leader | 4,200 EUR | -0% |
| Algorithmic Trading Specialist | 4,940 EUR | +17% |
| Assistant Accountant | 2,240 EUR | -47% |
| Assistant Accounting Manager | 5,570 EUR | +32% |
| Assistant Auditor | 2,920 EUR | -31% |
| Assistant Corporate Controller | 3,890 EUR | -8% |
| Assistant Finance Manager | 6,080 EUR | +44% |
| Assistant Financial Controller | 3,970 EUR | -6% |
| Audit Director | 6,570 EUR | +56% |
| Audit Supervisor | 5,120 EUR | +21% |
| Auditing Clerk | 2,200 EUR | -48% |
| Auditing Manager | 5,960 EUR | +41% |
| Billing Clerk | 2,190 EUR | -48% |
| Billing Coordinator | 2,560 EUR | -39% |
| Billing Specialist | 3,170 EUR | -25% |
| Billing Supervisor | 4,560 EUR | +8% |
| Bookkeeper | 1,920 EUR | -55% |
| Bookkeeping Specialist | 2,910 EUR | -31% |
| Budget Analyst | 4,930 EUR | +17% |
| Budget Manager | 5,780 EUR | +37% |
| Business Support Analyst | 3,290 EUR | -22% |
| Capital Markets Associate | 4,500 EUR | +7% |
| Cash Flow Analyst | 4,590 EUR | +9% |
| Cash Management Manager | 5,890 EUR | +40% |
| Cash Management Officer | 3,350 EUR | -21% |
| Cashbook Clerk | 2,070 EUR | -51% |
| Chartered Accountant | 3,650 EUR | -14% |
| Chief Accountant | 4,260 EUR | +1% |
| Chief Financial Technology Officer | 5,840 EUR | +38% |
| Collections Clerk | 1,840 EUR | -56% |
| Collections Representative | 2,600 EUR | -38% |
| Collections Specialist | 2,920 EUR | -31% |
| Corporate Controller | 4,470 EUR | +6% |
| Corporate Treasurer | 5,470 EUR | +30% |
| Cost Accountant | 2,830 EUR | -33% |
| Cost Accounting Manager | 5,570 EUR | +32% |
| Cost Accounting Supervisor | 4,530 EUR | +7% |
| Cost Analyst | 4,840 EUR | +15% |
| Credit and Collection Manager | 5,600 EUR | +33% |
| Credit and Collection Staff | 2,190 EUR | -48% |
| Credit and Loans Officer | 2,150 EUR | -49% |
| Credit Controller | 4,040 EUR | -4% |
| Credit Manager | 6,080 EUR | +44% |
| Debt Adviser | 5,040 EUR | +19% |
| Debt Collector | 2,410 EUR | -43% |
| Debtors Clerk | 1,980 EUR | -53% |
| Debtors Controller | 2,170 EUR | -49% |
| Deputy CFO | 8,170 EUR | +94% |
| Deputy Head of Finance | 7,850 EUR | +86% |
| Derivative Trader | 5,030 EUR | +19% |
| Director of Finance | 8,630 EUR | +100% |
| E-commerce Accountant | 2,980 EUR | -29% |
| Economist | 7,100 EUR | +68% |
| Equity Analyst | 5,390 EUR | +28% |
| Escrow Assistant | 2,550 EUR | -40% |
| Executive Accountant | 3,360 EUR | -20% |
| External Auditor | 3,930 EUR | -7% |
| Finance Administrator | 3,550 EUR | -16% |
| Finance Analyst | 5,060 EUR | +20% |
| Finance Associate | 2,600 EUR | -38% |
| Finance Data Analyst | 4,620 EUR | +9% |
| Finance Director | 8,630 EUR | +100% |
| Finance Executive | 5,960 EUR | +41% |
| Finance Licensing Clerk | 2,150 EUR | -49% |
| Finance Licensing Manager | 5,590 EUR | +32% |
| Finance Licensing Specialist | 3,100 EUR | -27% |
| Finance Manager | 8,030 EUR | +90% |
| Finance Officer | 2,790 EUR | -34% |
| Finance President | 8,630 EUR | +100% |
| Finance Relationship Manager | 7,040 EUR | +67% |
| Finance Release Analyst | 3,350 EUR | -21% |
| Finance Specialist | 4,650 EUR | +10% |
| Finance Team Leader | 6,650 EUR | +58% |
| Financial Accountant | 2,920 EUR | -31% |
| Financial Actuary | 4,380 EUR | +4% |
| Financial Administrator | 5,040 EUR | +19% |
| Financial Advisor | 5,520 EUR | +31% |
| Financial Analyst | 5,280 EUR | +25% |
| Financial Applications Specialist | 3,590 EUR | -15% |
| Financial Assistant | 2,260 EUR | -46% |
| Financial Associate | 2,850 EUR | -32% |
| Financial Claims Analyst | 3,780 EUR | -10% |
| Financial Claims Manager | 5,430 EUR | +29% |
| Financial Claims Supervisor | 4,940 EUR | +17% |
| Financial Clerk | 2,280 EUR | -46% |
| Financial Commercial Analyst | 4,220 EUR | -0% |
| Financial Compliance Analyst | 4,530 EUR | +7% |
| Financial Compliance Officer | 4,440 EUR | +5% |
| Financial Consultant | 3,830 EUR | -9% |
| Financial Controller | 4,560 EUR | +8% |
| Financial Coordinator | 2,790 EUR | -34% |
| Financial Customer Service Manager | 5,230 EUR | +24% |
| Financial Data Scientist | 5,650 EUR | +34% |
| Financial Dealer and Broker | 3,230 EUR | -23% |
| Financial Director | 8,280 EUR | +96% |
| Financial Encoder | 2,480 EUR | -41% |
| Financial Manager | 8,360 EUR | +98% |
| Financial Modelling Analyst | 5,350 EUR | +27% |
| Financial Operations Manager | 7,450 EUR | +76% |
| Financial Policy Analyst | 4,440 EUR | +5% |
| Financial Project Manager | 5,780 EUR | +37% |
| Financial Quantitative Analyst | 5,030 EUR | +19% |
| Financial Reporting Consultant | 4,220 EUR | -0% |
| Financial Reporting Manager | 5,470 EUR | +30% |
| Financial Section Head | 5,470 EUR | +30% |
| Financial Services Manager | 7,450 EUR | +76% |
| Financial Services Sales Agent | 3,100 EUR | -27% |
| Financial Technology Consultant | 4,590 EUR | +9% |
| Financial Wellness Coach | 5,870 EUR | +39% |
| FinTech Analyst | 4,830 EUR | +14% |
| Fixed Assets Administrator | 3,040 EUR | -28% |
| Forensic Accountant | 3,550 EUR | -16% |
| Fraud Detection Supervisor | 3,460 EUR | -18% |
| Fraud Prevention Manager | 6,200 EUR | +47% |
| Fund Accountant | 2,850 EUR | -32% |
| Grants Coordinator | 2,260 EUR | -46% |
| Green Finance Analyst | 4,620 EUR | +9% |
| Group Financial Manager | 8,380 EUR | +99% |
| Internal Auditor | 4,070 EUR | -4% |
| Internal Control Adviser | 4,410 EUR | +4% |
| Internal Control Officer | 2,650 EUR | -37% |
| International Tax Director | 6,790 EUR | +61% |
| Inventory Accountant | 3,040 EUR | -28% |
| Investment Advisor | 7,820 EUR | +85% |
| Investment Analyst | 5,660 EUR | +34% |
| Investment Associate | 4,810 EUR | +14% |
| Investment Broker | 4,710 EUR | +12% |
| Investment Fund Manager | 6,250 EUR | +48% |
| Investment Operations Manager | 6,780 EUR | +61% |
| Investment Underwriter | 2,580 EUR | -39% |
| Investor | 3,710 EUR | -12% |
| Investor Relations Manager | 5,660 EUR | +34% |
| KYC Team Leader | 5,540 EUR | +31% |
| Loan Processor | 2,320 EUR | -45% |
| Management Accountant | 3,260 EUR | -23% |
| Management Economist | 6,550 EUR | +55% |
| Paymaster | 2,360 EUR | -44% |
| Payroll Administrator | 3,690 EUR | -13% |
| Payroll Benefits Coordinator | 3,360 EUR | -20% |
| Payroll Billing Manager | 5,450 EUR | +29% |
| Payroll Clerk | 2,650 EUR | -37% |
| Payroll Manager | 5,450 EUR | +29% |
| Payroll Officer | 2,550 EUR | -40% |
| Payroll Specialist | 2,980 EUR | -29% |
| Payroll Supervisor | 3,720 EUR | -12% |
| Pensions Administrator | 2,980 EUR | -29% |
| Personal Financial Advisor | 4,430 EUR | +5% |
| Pricing Analyst | 4,940 EUR | +17% |
| Private Equity Analyst | 5,180 EUR | +23% |
| Project Accountant | 3,040 EUR | -28% |
| Proposal Development Coordinator | 2,500 EUR | -41% |
| Quantitative Trader | 4,110 EUR | -3% |
| Receivables Accountant | 2,760 EUR | -35% |
| Regulatory Accountant | 3,200 EUR | -24% |
| Retirement Plan Analyst | 4,470 EUR | +6% |
| Revenue Management Specialist | 5,040 EUR | +19% |
| Revenue Recognition Analyst | 5,400 EUR | +28% |
| Risk Management Director | 7,160 EUR | +70% |
| Risk Management Supervisor | 5,770 EUR | +37% |
| Staff Accountant | 2,740 EUR | -35% |
| Tax Accountant | 2,820 EUR | -33% |
| Tax Administrator | 3,170 EUR | -25% |
| Tax Advisor | 4,380 EUR | +4% |
| Tax Analyst | 4,290 EUR | +2% |
| Tax Associate | 2,480 EUR | -41% |
| Tax Consultant | 4,840 EUR | +15% |
| Tax Director | 6,900 EUR | +63% |
| Tax Examiner | 3,230 EUR | -23% |
| Tax Manager | 5,840 EUR | +38% |
| Tax Research Manager | 5,720 EUR | +36% |
| Teller | 1,810 EUR | -57% |
| Treasury Accountant | 3,080 EUR | -27% |
| Treasury Analyst | 4,650 EUR | +10% |
| Underwriter | 1,970 EUR | -53% |
| Underwriting Assistant | 2,000 EUR | -53% |
| Vice President of Finance | 7,680 EUR | +82% |
Salary Comparison By City
| City | Average Salary |
| Berlin | 4,220 EUR |
| Dortmund | 3,440 EUR |
| Frankfurt | 3,970 EUR |
| Hamburg | 4,060 EUR |
| Munchen | 4,300 EUR |
| Stuttgart | 3,740 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Reporting Consultant in Berlin?
A good and competitive compensation would range anywhere between 3,810 EUR and 4,310 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 Financial Reporting Consultant in Berlin ranges from 2,240 EUR to 3,170 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
