Financial Applications Specialist Average Salary in Cairo 2024
How much money does a person working as Financial Applications Specialist make in Cairo?
LOW
4,830
EGP AVERAGE
8,940
EGP HIGH
13,500
EGP
A person working as Financial Applications Specialist in Cairo typically earns around 8,940 EGP. Salaries range from 4,830 EGP (lowest) to 13,500 EGP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Applications Specialist salaries in Cairo vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Applications Specialist Pay Scale and Salaries in Cairo
Salary Structure and Pay Scale Comparison
7,960 EGP or more
7,130 to 7,960 EGP
5,300 EGP or less
5,300 to 7,130 EGP
 4,830 EGP |
7,990 EGP |
13,500 EGP |
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 Applications Specialist in Cairo range from 4,830 EGP (starting salary) to 13,500 EGP (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 7,990 EGP, half of the professionals who work as Financial Applications Specialist in Cairo 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 Applications Specialist in Cairo earn less than 6,690 EGP, while 75% earn more. Similarly, the chart shows that 75% earn less than 9,020 EGP 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 Applications Specialist in Cairo compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 5,300 EGP to 7,130 EGP. About 20% of salaries are below the 5,300 EGP mark, while 10% fall within the range of 7,130 EGP to 7,960 EGP. Only 5% of individuals have salaries exceeding 7,960 EGP.
Salary Comparison by Years of Experience / Financial Applications Specialist / Cairo
How do experience and age affect pay?
| 0 - 2 Years | 5,610 EGP | |
| 2 - 5 Years | +26% | 7,080 EGP |
| 5 - 10 Years | +32% | 9,330 EGP |
| 10 - 15 Years | +18% | 11,000 EGP |
| 15 - 20 Years | +11% | 12,200 EGP |
| 20+ Years | +6% | 12,900 EGP |
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 Applications Specialist and this is what we found.
Employees with less than two years of experience earn approximately 5,610 EGP.
While someone with an experience level between two and five years is expected to earn 7,080 EGP, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 9,330 EGP, 32% 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 11,000 EGP, 18% 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 12,200 EGP, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 12,900 EGP, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Applications Specialist / Cairo
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Applications Specialist.
| High School | 6,820 EGP | |
| Certificate or Diploma | +13% | 7,690 EGP |
| Bachelor's Degree | +32% | 10,100 EGP |
| Master's Degree | +24% | 12,500 EGP |
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 Applications Specialist in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 6,820 EGP.
Level 2: Certificate or Diploma
At this level, the average salary becomes 7,690 EGP, 13% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 10,100 EGP, 32% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 12,500 EGP, 24% 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 Egypt costs anywhere from 46,200 EGP to 138,000 EGP 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 Applications Specialist / Cairo
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 Applications Specialist in Egypt, the average difference between the salary of male and female employees is 10%.
| Male | 8,480 EGP | |
| Female | -9% | 7,710 EGP |
Salary Comparison By Gender in Egypt for all Careers
Average Annual Salary Increment Percentage / Financial Applications Specialist / Cairo
How much are annual salary increments in Cairo for individuals working as Financial Applications Specialist? How often do employees get salary raises?
Individuals working as Financial Applications Specialist in Egypt are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Egypt / 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 Applications Specialist / Egypt
How much and how often are bonuses being awarded?
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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 Applications Specialist / Cairo
52 EGP per hourThe average hourly wage (pay per hour) for individuals working as Financial Applications Specialist in Cairo is 52 EGP.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 Applications Specialist in Cairo is 28 EGP. 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 | 5,250 EGP | -41% |
| Account Executive | 8,550 EGP | -4% |
| Accountant | 6,760 EGP | -24% |
| Accounting Analyst | 8,270 EGP | -7% |
| Accounting Assistant | 5,450 EGP | -39% |
| Accounting Associate | 5,200 EGP | -42% |
| Accounting Clerk | 4,230 EGP | -53% |
| Accounting Coordinator | 6,300 EGP | -30% |
| Accounting Head | 13,500 EGP |  +51% |
| Accounting Manager | 14,600 EGP | +63% |
| Accounting Officer | 5,150 EGP | -42% |
| Accounting Specialist | 9,690 EGP | +8% |
| Accounting Supervisor | 9,560 EGP | +7% |
| Accounting Technician | 5,050 EGP | -43% |
| Accounting Unit Controller | 11,600 EGP | +30% |
| Accounts Executive | 8,730 EGP | -2% |
| Accounts Officer | 5,220 EGP | -42% |
| Accounts Payable and Receivable Specialist | 6,770 EGP | -24% |
| Accounts Payable Assistant | 5,360 EGP | -40% |
| Accounts Payable Associate | 6,130 EGP | -31% |
| Accounts Payable Clerk | 5,250 EGP | -41% |
| Accounts Payable Manager | 14,400 EGP | +61% |
| Accounts Receivable Administrator | 10,500 EGP | +17% |
| Accounts Receivable Clerk | 5,040 EGP | -44% |
| Accounts Receivable Financial Analyst | 10,200 EGP | +14% |
| Accounts Receivable Manager | 13,600 EGP | +52% |
| Accounts Receivable Team Leader | 9,940 EGP | +11% |
| Algorithmic Trading Specialist | 11,700 EGP | +31% |
| Assistant Accountant | 5,560 EGP | -38% |
| Assistant Accounting Manager | 13,200 EGP | +48% |
| Assistant Auditor | 6,910 EGP | -23% |
| Assistant Corporate Controller | 9,690 EGP | +8% |
| Assistant Finance Manager | 15,100 EGP | +69% |
| Assistant Financial Controller | 9,410 EGP | +5% |
| Audit Director | 16,400 EGP | +84% |
| Audit Supervisor | 12,100 EGP | +35% |
| Auditing Clerk | 5,220 EGP | -42% |
| Auditing Manager | 14,100 EGP | +58% |
| Billing Clerk | 5,450 EGP | -39% |
| Billing Coordinator | 6,070 EGP | -32% |
| Billing Specialist | 7,130 EGP | -20% |
| Billing Supervisor | 10,300 EGP | +15% |
| Bookkeeper | 4,560 EGP | -49% |
| Bookkeeping Specialist | 6,880 EGP | -23% |
| Budget Analyst | 12,300 EGP | +38% |
| Budget Manager | 13,700 EGP | +53% |
| Business Support Analyst | 7,790 EGP | -13% |
| Capital Markets Associate | 10,600 EGP | +19% |
| Cash Flow Analyst | 10,300 EGP | +15% |
| Cash Management Manager | 13,900 EGP | +56% |
| Cash Management Officer | 8,340 EGP | -7% |
| Cashbook Clerk | 4,900 EGP | -45% |
| Chartered Accountant | 8,640 EGP | -3% |
| Chief Accountant | 10,100 EGP | +13% |
| Chief Financial Technology Officer | 13,800 EGP | +54% |
| Collections Clerk | 4,350 EGP | -51% |
| Collections Representative | 5,850 EGP | -35% |
| Collections Specialist | 7,270 EGP | -19% |
| Corporate Controller | 11,100 EGP | +24% |
| Corporate Treasurer | 13,600 EGP | +52% |
| Cost Accountant | 6,700 EGP | -25% |
| Cost Accounting Manager | 13,200 EGP | +48% |
| Cost Accounting Supervisor | 11,300 EGP | +26% |
| Cost Analyst | 10,900 EGP | +22% |
| Credit and Collection Manager | 13,300 EGP | +49% |
| Credit and Collection Staff | 5,190 EGP | -42% |
| Credit and Loans Officer | 5,100 EGP | -43% |
| Credit Controller | 10,000 EGP | +12% |
| Credit Manager | 15,100 EGP | +69% |
| Debt Adviser | 11,900 EGP | +33% |
| Debt Collector | 5,420 EGP | -39% |
| Debtors Clerk | 4,920 EGP | -45% |
| Debtors Controller | 5,150 EGP | -42% |
| Deputy CFO | 19,300 EGP | +120% |
| Deputy Head of Finance | 18,600 EGP | +110% |
| Derivative Trader | 11,900 EGP | +33% |
| Director of Finance | 21,500 EGP | +140% |
| E-commerce Accountant | 7,060 EGP | -21% |
| Economist | 16,000 EGP | +79% |
| Equity Analyst | 12,800 EGP | +43% |
| Escrow Assistant | 6,050 EGP | -32% |
| Executive Accountant | 7,950 EGP | -11% |
| External Auditor | 9,800 EGP | +10% |
| Finance Administrator | 8,410 EGP | -6% |
| Finance Analyst | 12,600 EGP | +41% |
| Finance Associate | 5,850 EGP | -35% |
| Finance Data Analyst | 10,900 EGP | +22% |
| Finance Director | 20,400 EGP | +130% |
| Finance Executive | 14,900 EGP | +67% |
| Finance Licensing Clerk | 5,100 EGP | -43% |
| Finance Licensing Manager | 13,900 EGP | +56% |
| Finance Licensing Specialist | 7,350 EGP | -18% |
| Finance Manager | 20,000 EGP | +120% |
| Finance Officer | 6,950 EGP | -22% |
| Finance President | 21,500 EGP | +140% |
| Finance Relationship Manager | 15,900 EGP | +78% |
| Finance Release Analyst | 7,940 EGP | -11% |
| Finance Specialist | 11,000 EGP | +23% |
| Finance Team Leader | 15,700 EGP | +76% |
| Financial Accountant | 6,910 EGP | -23% |
| Financial Actuary | 10,400 EGP | +16% |
| Financial Administrator | 11,400 EGP | +28% |
| Financial Advisor | 12,400 EGP | +39% |
| Financial Analyst | 13,100 EGP | +47% |
| Financial Applications Specialist | 8,940 EGP | +0% |
| Financial Assistant | 5,360 EGP | -40% |
| Financial Associate | 6,750 EGP | -24% |
| Financial Claims Analyst | 9,430 EGP | +6% |
| Financial Claims Manager | 12,800 EGP | +43% |
| Financial Claims Supervisor | 11,100 EGP | +24% |
| Financial Clerk | 5,130 EGP | -43% |
| Financial Commercial Analyst | 10,000 EGP | +12% |
| Financial Compliance Analyst | 10,700 EGP | +20% |
| Financial Compliance Officer | 11,100 EGP | +24% |
| Financial Consultant | 9,080 EGP | +2% |
| Financial Controller | 11,400 EGP | +28% |
| Financial Coordinator | 6,290 EGP | -30% |
| Financial Customer Service Manager | 12,400 EGP | +39% |
| Financial Data Scientist | 13,400 EGP | +50% |
| Financial Dealer and Broker | 7,650 EGP | -14% |
| Financial Director | 19,600 EGP | +120% |
| Financial Encoder | 5,880 EGP | -34% |
| Financial Manager | 18,600 EGP | +110% |
| Financial Modelling Analyst | 12,000 EGP | +34% |
| Financial Operations Manager | 17,600 EGP | +97% |
| Financial Policy Analyst | 11,100 EGP | +24% |
| Financial Project Manager | 13,700 EGP | +53% |
| Financial Quantitative Analyst | 11,900 EGP | +33% |
| Financial Reporting Consultant | 10,000 EGP | +12% |
| Financial Reporting Manager | 13,600 EGP | +52% |
| Financial Section Head | 13,000 EGP | +45% |
| Financial Services Manager | 17,600 EGP | +97% |
| Financial Services Sales Agent | 7,340 EGP | -18% |
| Financial Technology Consultant | 10,900 EGP | +22% |
| Financial Wellness Coach | 14,600 EGP | +63% |
| FinTech Analyst | 11,400 EGP | +28% |
| Fixed Assets Administrator | 7,200 EGP | -19% |
| Forensic Accountant | 8,000 EGP | -10% |
| Fraud Detection Supervisor | 8,610 EGP | -4% |
| Fraud Prevention Manager | 14,700 EGP | +64% |
| Fund Accountant | 6,420 EGP | -28% |
| Grants Coordinator | 5,350 EGP | -40% |
| Green Finance Analyst | 10,400 EGP | +16% |
| Group Financial Manager | 20,800 EGP | +130% |
| Internal Auditor | 9,640 EGP | +8% |
| Internal Control Adviser | 11,000 EGP | +23% |
| Internal Control Officer | 6,270 EGP | -30% |
| International Tax Director | 16,100 EGP | +80% |
| Inventory Accountant | 7,570 EGP | -15% |
| Investment Advisor | 18,500 EGP | +110% |
| Investment Analyst | 14,100 EGP | +58% |
| Investment Associate | 11,400 EGP | +28% |
| Investment Broker | 11,100 EGP | +24% |
| Investment Fund Manager | 15,600 EGP | +75% |
| Investment Operations Manager | 15,300 EGP | +71% |
| Investment Underwriter | 6,120 EGP | -32% |
| Investor | 9,240 EGP | +3% |
| Investor Relations Manager | 13,400 EGP | +50% |
| KYC Team Leader | 13,800 EGP | +54% |
| Loan Processor | 5,500 EGP | -38% |
| Management Accountant | 7,720 EGP | -14% |
| Management Economist | 15,500 EGP | +73% |
| Paymaster | 5,590 EGP | -37% |
| Payroll Administrator | 9,210 EGP | +3% |
| Payroll Benefits Coordinator | 7,570 EGP | -15% |
| Payroll Billing Manager | 12,900 EGP | +44% |
| Payroll Clerk | 6,270 EGP | -30% |
| Payroll Manager | 12,300 EGP | +38% |
| Payroll Officer | 6,330 EGP | -29% |
| Payroll Specialist | 7,060 EGP | -21% |
| Payroll Supervisor | 8,820 EGP | -1% |
| Pensions Administrator | 7,050 EGP | -21% |
| Personal Financial Advisor | 10,500 EGP | +17% |
| Pricing Analyst | 11,100 EGP | +24% |
| Private Equity Analyst | 12,900 EGP | +44% |
| Project Accountant | 7,570 EGP | -15% |
| Proposal Development Coordinator | 5,930 EGP | -34% |
| Quantitative Trader | 9,720 EGP | +9% |
| Receivables Accountant | 6,520 EGP | -27% |
| Regulatory Accountant | 7,950 EGP | -11% |
| Retirement Plan Analyst | 11,100 EGP | +24% |
| Revenue Management Specialist | 11,900 EGP | +33% |
| Revenue Recognition Analyst | 13,400 EGP | +50% |
| Risk Management Director | 16,900 EGP | +89% |
| Risk Management Supervisor | 14,400 EGP | +61% |
| Staff Accountant | 6,480 EGP | -27% |
| Tax Accountant | 6,340 EGP | -29% |
| Tax Administrator | 7,880 EGP | -12% |
| Tax Advisor | 10,400 EGP | +16% |
| Tax Analyst | 10,700 EGP | +20% |
| Tax Associate | 5,880 EGP | -34% |
| Tax Consultant | 11,500 EGP | +29% |
| Tax Director | 15,500 EGP | +73% |
| Tax Examiner | 7,650 EGP | -14% |
| Tax Manager | 13,800 EGP | +54% |
| Tax Research Manager | 14,300 EGP | +60% |
| Teller | 4,280 EGP | -52% |
| Treasury Accountant | 7,300 EGP | -18% |
| Treasury Analyst | 11,600 EGP | +30% |
| Underwriter | 4,660 EGP | -48% |
| Underwriting Assistant | 4,510 EGP | -50% |
| Vice President of Finance | 19,200 EGP | +110% |
Salary Comparison By City
| City | Average Salary |
| Cairo | 8,940 EGP |
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 Egypt is 6% on average across all career fields.
| Private Sector | 8,930 EGP | |
| Public Sector | +6% | 9,480 EGP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Applications Specialist in Cairo?
A good and competitive compensation would range anywhere between 7,990 EGP and 9,020 EGP. 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 Applications Specialist in Cairo ranges from 4,830 EGP to 6,690 EGP. 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
