Financial Analyst Average Salary in Brussel 2024
How much money does a person working as Financial Analyst make in Brussel?
LOW
4,200
EUR AVERAGE
7,920
EUR HIGH
12,000
EUR
A person working as Financial Analyst in Brussel typically earns around 7,920 EUR. Salaries range from 4,200 EUR (lowest) to 12,000 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Analyst salaries in Brussel vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Analyst Pay Scale and Salaries in Brussel
Salary Structure and Pay Scale Comparison
7,120 EUR or more
6,350 to 7,120 EUR
4,680 EUR or less
4,680 to 6,350 EUR
 4,200 EUR |
7,140 EUR |
12,000 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 Analyst in Brussel range from 4,200 EUR (starting salary) to 12,000 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 7,140 EUR, half of the professionals who work as Financial Analyst in Brussel 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 Analyst in Brussel earn less than 5,950 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,080 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 Analyst in Brussel compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,680 EUR to 6,350 EUR. About 20% of salaries are below the 4,680 EUR mark, while 10% fall within the range of 6,350 EUR to 7,120 EUR. Only 5% of individuals have salaries exceeding 7,120 EUR.
Salary Comparison by Years of Experience / Financial Analyst / Brussel
How do experience and age affect pay?
| 0 - 2 Years | 4,830 EUR | |
| 2 - 5 Years | +23% | 5,920 EUR |
| 5 - 10 Years | +42% | 8,390 EUR |
| 10 - 15 Years | +17% | 9,810 EUR |
| 15 - 20 Years | +10% | 10,800 EUR |
| 20+ Years | +6% | 11,400 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 Analyst and this is what we found.
Employees with less than two years of experience earn approximately 4,830 EUR.
While someone with an experience level between two and five years is expected to earn 5,920 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 8,390 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 9,810 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 10,800 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 11,400 EUR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Analyst / Brussel
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Analyst.
| High School | 5,850 EUR | |
| Certificate or Diploma | +13% | 6,630 EUR |
| Bachelor's Degree | +31% | 8,670 EUR |
| Master's Degree | +32% | 11,400 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 Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 5,850 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 6,630 EUR, 13% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 8,670 EUR, 31% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 11,400 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 Belgium costs anywhere from 30,800 EUR to 92,500 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 Analyst / Brussel
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 Analyst in Belgium, the average difference between the salary of male and female employees is 6%.
| Male | 8,270 EUR | |
| Female | -5% | 7,830 EUR |
Salary Comparison By Gender in Belgium for all Careers
Average Annual Salary Increment Percentage / Financial Analyst / Brussel
How much are annual salary increments in Brussel for individuals working as Financial Analyst? How often do employees get salary raises?
Individuals working as Financial Analyst in Belgium 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 17 months.
Belgium / 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 Analyst / Belgium
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/financial-analyst/annual-salary-bonus-rate-belgium-financial-analyst.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 Analyst / Brussel
46 EUR per hourThe average hourly wage (pay per hour) for individuals working as Financial Analyst in Brussel is 46 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 Analyst in Brussel is 24 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 | 3,280 EUR | -59% |
| Account Executive | 5,450 EUR | -31% |
| Accountant | 4,390 EUR | -45% |
| Accounting Analyst | 5,280 EUR | -33% |
| Accounting Assistant | 3,440 EUR | -57% |
| Accounting Associate | 3,360 EUR | -58% |
| Accounting Clerk | 2,870 EUR | -64% |
| Accounting Coordinator | 3,840 EUR | -52% |
| Accounting Head | 8,370 EUR |  +6% |
| Accounting Manager | 9,240 EUR | +17% |
| Accounting Officer | 3,280 EUR | -59% |
| Accounting Specialist | 6,080 EUR | -23% |
| Accounting Supervisor | 5,720 EUR | -28% |
| Accounting Technician | 3,280 EUR | -59% |
| Accounting Unit Controller | 6,850 EUR | -14% |
| Accounts Executive | 5,450 EUR | -31% |
| Accounts Officer | 3,620 EUR | -54% |
| Accounts Payable and Receivable Specialist | 4,560 EUR | -42% |
| Accounts Payable Assistant | 3,700 EUR | -53% |
| Accounts Payable Associate | 4,030 EUR | -49% |
| Accounts Payable Clerk | 3,450 EUR | -56% |
| Accounts Payable Manager | 8,200 EUR | +4% |
| Accounts Receivable Administrator | 6,200 EUR | -22% |
| Accounts Receivable Clerk | 3,280 EUR | -59% |
| Accounts Receivable Financial Analyst | 5,950 EUR | -25% |
| Accounts Receivable Manager | 8,490 EUR | +7% |
| Accounts Receivable Team Leader | 6,360 EUR | -20% |
| Algorithmic Trading Specialist | 7,560 EUR | -5% |
| Assistant Accountant | 3,620 EUR | -54% |
| Assistant Accounting Manager | 7,990 EUR | +1% |
| Assistant Auditor | 4,480 EUR | -43% |
| Assistant Corporate Controller | 5,780 EUR | -27% |
| Assistant Finance Manager | 8,620 EUR | +9% |
| Assistant Financial Controller | 5,930 EUR | -25% |
| Audit Director | 9,460 EUR | +19% |
| Audit Supervisor | 7,810 EUR | -1% |
| Auditing Clerk | 3,620 EUR | -54% |
| Auditing Manager | 8,840 EUR | +12% |
| Billing Clerk | 3,440 EUR | -57% |
| Billing Coordinator | 3,930 EUR | -50% |
| Billing Specialist | 4,850 EUR | -39% |
| Billing Supervisor | 6,780 EUR | -14% |
| Bookkeeper | 3,110 EUR | -61% |
| Bookkeeping Specialist | 4,300 EUR | -46% |
| Budget Analyst | 7,200 EUR | -9% |
| Budget Manager | 8,320 EUR | +5% |
| Business Support Analyst | 4,990 EUR | -37% |
| Capital Markets Associate | 6,530 EUR | -18% |
| Cash Flow Analyst | 6,690 EUR | -16% |
| Cash Management Manager | 8,410 EUR | +6% |
| Cash Management Officer | 4,950 EUR | -38% |
| Cashbook Clerk | 3,030 EUR | -62% |
| Chartered Accountant | 5,310 EUR | -33% |
| Chief Accountant | 6,440 EUR | -19% |
| Chief Financial Technology Officer | 8,840 EUR | +12% |
| Collections Clerk | 2,790 EUR | -65% |
| Collections Representative | 4,060 EUR | -49% |
| Collections Specialist | 4,670 EUR | -41% |
| Corporate Controller | 6,700 EUR | -15% |
| Corporate Treasurer | 8,360 EUR | +6% |
| Cost Accountant | 4,290 EUR | -46% |
| Cost Accounting Manager | 8,460 EUR | +7% |
| Cost Accounting Supervisor | 6,780 EUR | -14% |
| Cost Analyst | 6,700 EUR | -15% |
| Credit and Collection Manager | 8,070 EUR | +2% |
| Credit and Collection Staff | 3,360 EUR | -58% |
| Credit and Loans Officer | 3,190 EUR | -60% |
| Credit Controller | 5,870 EUR | -26% |
| Credit Manager | 9,060 EUR | +14% |
| Debt Adviser | 7,130 EUR | -10% |
| Debt Collector | 3,610 EUR | -54% |
| Debtors Clerk | 3,150 EUR | -60% |
| Debtors Controller | 3,280 EUR | -59% |
| Deputy CFO | 11,500 EUR | +45% |
| Deputy Head of Finance | 10,900 EUR | +38% |
| Derivative Trader | 7,020 EUR | -11% |
| Director of Finance | 12,700 EUR | +60% |
| E-commerce Accountant | 4,650 EUR | -41% |
| Economist | 9,620 EUR | +21% |
| Equity Analyst | 7,220 EUR | -9% |
| Escrow Assistant | 4,050 EUR | -49% |
| Executive Accountant | 4,740 EUR | -40% |
| External Auditor | 5,950 EUR | -25% |
| Finance Administrator | 4,900 EUR | -38% |
| Finance Analyst | 7,920 EUR | -0% |
| Finance Associate | 4,060 EUR | -49% |
| Finance Data Analyst | 6,960 EUR | -12% |
| Finance Director | 12,400 EUR | +57% |
| Finance Executive | 8,790 EUR | +11% |
| Finance Licensing Clerk | 3,360 EUR | -58% |
| Finance Licensing Manager | 7,950 EUR | +0% |
| Finance Licensing Specialist | 4,580 EUR | -42% |
| Finance Manager | 11,500 EUR | +45% |
| Finance Officer | 4,200 EUR | -47% |
| Finance President | 12,700 EUR | +60% |
| Finance Relationship Manager | 10,000 EUR | +26% |
| Finance Release Analyst | 5,070 EUR | -36% |
| Finance Specialist | 6,770 EUR | -15% |
| Finance Team Leader | 8,970 EUR | +13% |
| Financial Accountant | 4,250 EUR | -46% |
| Financial Actuary | 6,280 EUR | -21% |
| Financial Administrator | 6,950 EUR | -12% |
| Financial Advisor | 7,970 EUR | +1% |
| Financial Analyst | 7,920 EUR | -0% |
| Financial Applications Specialist | 5,640 EUR | -29% |
| Financial Assistant | 3,700 EUR | -53% |
| Financial Associate | 4,300 EUR | -46% |
| Financial Claims Analyst | 6,030 EUR | -24% |
| Financial Claims Manager | 7,640 EUR | -4% |
| Financial Claims Supervisor | 6,950 EUR | -12% |
| Financial Clerk | 3,440 EUR | -57% |
| Financial Commercial Analyst | 6,270 EUR | -21% |
| Financial Compliance Analyst | 6,960 EUR | -12% |
| Financial Compliance Officer | 6,660 EUR | -16% |
| Financial Consultant | 5,550 EUR | -30% |
| Financial Controller | 6,700 EUR | -15% |
| Financial Coordinator | 4,050 EUR | -49% |
| Financial Customer Service Manager | 7,810 EUR | -1% |
| Financial Data Scientist | 7,550 EUR | -5% |
| Financial Dealer and Broker | 4,580 EUR | -42% |
| Financial Director | 12,400 EUR | +57% |
| Financial Encoder | 3,680 EUR | -54% |
| Financial Manager | 11,200 EUR | +41% |
| Financial Modelling Analyst | 7,880 EUR | -1% |
| Financial Operations Manager | 10,200 EUR | +29% |
| Financial Policy Analyst | 6,870 EUR | -13% |
| Financial Project Manager | 8,760 EUR | +11% |
| Financial Quantitative Analyst | 7,020 EUR | -11% |
| Financial Reporting Consultant | 6,270 EUR | -21% |
| Financial Reporting Manager | 8,360 EUR | +6% |
| Financial Section Head | 7,750 EUR | -2% |
| Financial Services Manager | 10,200 EUR | +29% |
| Financial Services Sales Agent | 4,900 EUR | -38% |
| Financial Technology Consultant | 6,790 EUR | -14% |
| Financial Wellness Coach | 8,500 EUR | +7% |
| FinTech Analyst | 7,020 EUR | -11% |
| Fixed Assets Administrator | 4,410 EUR | -44% |
| Forensic Accountant | 5,290 EUR | -33% |
| Fraud Detection Supervisor | 5,280 EUR | -33% |
| Fraud Prevention Manager | 8,240 EUR | +4% |
| Fund Accountant | 4,410 EUR | -44% |
| Grants Coordinator | 3,450 EUR | -56% |
| Green Finance Analyst | 6,410 EUR | -19% |
| Group Financial Manager | 12,300 EUR | +55% |
| Internal Auditor | 5,550 EUR | -30% |
| Internal Control Adviser | 6,620 EUR | -16% |
| Internal Control Officer | 3,760 EUR | -53% |
| International Tax Director | 9,700 EUR | +22% |
| Inventory Accountant | 4,530 EUR | -43% |
| Investment Advisor | 11,200 EUR | +41% |
| Investment Analyst | 8,200 EUR | +4% |
| Investment Associate | 6,850 EUR | -14% |
| Investment Broker | 6,850 EUR | -14% |
| Investment Fund Manager | 9,680 EUR | +22% |
| Investment Operations Manager | 9,680 EUR | +22% |
| Investment Underwriter | 3,880 EUR | -51% |
| Investor | 5,820 EUR | -27% |
| Investor Relations Manager | 8,580 EUR | +8% |
| KYC Team Leader | 8,040 EUR | +2% |
| Loan Processor | 3,600 EUR | -55% |
| Management Accountant | 4,700 EUR | -41% |
| Management Economist | 9,870 EUR | +25% |
| Paymaster | 3,700 EUR | -53% |
| Payroll Administrator | 5,900 EUR | -26% |
| Payroll Benefits Coordinator | 5,030 EUR | -36% |
| Payroll Billing Manager | 7,810 EUR | -1% |
| Payroll Clerk | 3,960 EUR | -50% |
| Payroll Manager | 7,620 EUR | -4% |
| Payroll Officer | 3,860 EUR | -51% |
| Payroll Specialist | 4,410 EUR | -44% |
| Payroll Supervisor | 5,310 EUR | -33% |
| Pensions Administrator | 4,730 EUR | -40% |
| Personal Financial Advisor | 6,440 EUR | -19% |
| Pricing Analyst | 6,950 EUR | -12% |
| Private Equity Analyst | 7,790 EUR | -2% |
| Project Accountant | 4,610 EUR | -42% |
| Proposal Development Coordinator | 4,050 EUR | -49% |
| Quantitative Trader | 5,920 EUR | -25% |
| Receivables Accountant | 4,180 EUR | -47% |
| Regulatory Accountant | 4,980 EUR | -37% |
| Retirement Plan Analyst | 6,700 EUR | -15% |
| Revenue Management Specialist | 6,770 EUR | -15% |
| Revenue Recognition Analyst | 7,700 EUR | -3% |
| Risk Management Director | 9,620 EUR | +21% |
| Risk Management Supervisor | 8,620 EUR | +9% |
| Staff Accountant | 4,090 EUR | -48% |
| Tax Accountant | 4,370 EUR | -45% |
| Tax Administrator | 4,700 EUR | -41% |
| Tax Advisor | 6,280 EUR | -21% |
| Tax Analyst | 6,780 EUR | -14% |
| Tax Associate | 3,880 EUR | -51% |
| Tax Consultant | 6,870 EUR | -13% |
| Tax Director | 9,540 EUR | +20% |
| Tax Examiner | 4,500 EUR | -43% |
| Tax Manager | 8,670 EUR | +9% |
| Tax Research Manager | 8,450 EUR | +7% |
| Teller | 2,710 EUR | -66% |
| Treasury Accountant | 4,640 EUR | -41% |
| Treasury Analyst | 7,310 EUR | -8% |
| Underwriter | 3,280 EUR | -59% |
| Underwriting Assistant | 3,030 EUR | -62% |
| Vice President of Finance | 11,200 EUR | +41% |
Salary Comparison By City
| City | Average Salary |
| Brussel | 7,920 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 Belgium is 5% on average across all career fields.
| Private Sector | 6,020 EUR | |
| Public Sector | +5% | 6,340 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Analyst in Brussel?
A good and competitive compensation would range anywhere between 7,140 EUR and 8,080 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 Analyst in Brussel ranges from 4,200 EUR to 5,950 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
