Financial Commercial Analyst Average Salary in Czech Republic 2024
How much money does a person working as Financial Commercial Analyst make in Czech Republic?
LOW
29,200
CZK AVERAGE
63,400
CZK HIGH
101,000
CZK
A person working as Financial Commercial Analyst in Czech Republic typically earns around 63,400 CZK. Salaries range from 29,200 CZK (lowest) to 101,000 CZK (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Commercial Analyst salaries in Czech Republic vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Commercial Analyst Pay Scale and Salaries in Czech Republic
Salary Structure and Pay Scale Comparison
60,100 CZK or more
52,700 to 60,100 CZK
36,300 CZK or less
36,300 to 52,700 CZK
 29,200 CZK |
60,600 CZK |
101,000 CZK |
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 Commercial Analyst in Czech Republic range from 29,200 CZK (starting salary) to 101,000 CZK (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 60,600 CZK, half of the professionals who work as Financial Commercial Analyst in Czech Republic 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 Commercial Analyst in Czech Republic earn less than 48,800 CZK, while 75% earn more. Similarly, the chart shows that 75% earn less than 69,800 CZK 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 Commercial Analyst in Czech Republic compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 36,300 CZK to 52,700 CZK. About 20% of salaries are below the 36,300 CZK mark, while 10% fall within the range of 52,700 CZK to 60,100 CZK. Only 5% of individuals have salaries exceeding 60,100 CZK.
Salary Comparison by Years of Experience / Financial Commercial Analyst / Czech Republic
How do experience and age affect pay?
| 0 - 2 Years | 33,100 CZK | |
| 2 - 5 Years | +34% | 44,200 CZK |
| 5 - 10 Years | +48% | 65,300 CZK |
| 10 - 15 Years | +22% | 79,700 CZK |
| 15 - 20 Years | +9% | 86,800 CZK |
| 20+ Years | +8% | 94,000 CZK |
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 Commercial Analyst and this is what we found.
Employees with less than two years of experience earn approximately 33,100 CZK.
While someone with an experience level between two and five years is expected to earn 44,200 CZK, 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 65,300 CZK, 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 79,700 CZK, 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 86,800 CZK, 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 94,000 CZK, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Commercial Analyst / Czech Republic
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Commercial Analyst.
| High School | 40,600 CZK | |
| Certificate or Diploma | +18% | 47,800 CZK |
| Bachelor's Degree | +45% | 69,300 CZK |
| Master's Degree | +31% | 90,800 CZK |
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 Commercial Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 40,600 CZK.
Level 2: Certificate or Diploma
At this level, the average salary becomes 47,800 CZK, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 69,300 CZK, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 90,800 CZK, 31% 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 Czech Republic costs anywhere from 306,000 CZK to 917,000 CZK 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 Commercial Analyst / Czech Republic
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 Commercial Analyst in Czech Republic, the average difference between the salary of male and female employees is 8%.
| Male | 65,700 CZK | |
| Female | -7% | 61,100 CZK |
Salary Comparison By Gender in Czech Republic for all Careers
Average Annual Salary Increment Percentage / Financial Commercial Analyst / Czech Republic
How much are annual salary increments in Czech Republic for individuals working as Financial Commercial Analyst? How often do employees get salary raises?
Individuals working as Financial Commercial Analyst in Czech Republic are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Czech Republic / 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 Commercial Analyst / Czech Republic
How much and how often are bonuses being awarded?
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42% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 58% 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 | 58% | |
| No Bonus | 42% |
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 Commercial Analyst / Czech Republic
370 CZK per hourThe average hourly wage (pay per hour) for individuals working as Financial Commercial Analyst in Czech Republic is 370 CZK.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 Commercial Analyst in Czech Republic is 170 CZK. 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 | 30,700 CZK | -52% |
| Account Executive | 52,300 CZK | -18% |
| Accountant | 42,900 CZK | -32% |
| Accounting Analyst | 54,800 CZK | -14% |
| Accounting Assistant | 32,200 CZK | -49% |
| Accounting Associate | 31,600 CZK | -50% |
| Accounting Clerk | 25,700 CZK | -59% |
| Accounting Coordinator | 36,800 CZK | -42% |
| Accounting Head | 82,900 CZK |  +31% |
| Accounting Manager | 90,600 CZK | +43% |
| Accounting Officer | 31,700 CZK | -50% |
| Accounting Specialist | 55,500 CZK | -12% |
| Accounting Supervisor | 61,200 CZK | -3% |
| Accounting Technician | 28,900 CZK | -54% |
| Accounting Unit Controller | 71,500 CZK | +13% |
| Accounts Executive | 54,900 CZK | -13% |
| Accounts Officer | 34,000 CZK | -46% |
| Accounts Payable and Receivable Specialist | 44,900 CZK | -29% |
| Accounts Payable Assistant | 33,500 CZK | -47% |
| Accounts Payable Associate | 38,300 CZK | -40% |
| Accounts Payable Clerk | 30,400 CZK | -52% |
| Accounts Payable Manager | 85,500 CZK | +35% |
| Accounts Receivable Administrator | 59,200 CZK | -7% |
| Accounts Receivable Clerk | 30,800 CZK | -51% |
| Accounts Receivable Financial Analyst | 60,600 CZK | -4% |
| Accounts Receivable Manager | 85,200 CZK | +34% |
| Accounts Receivable Team Leader | 63,800 CZK | +1% |
| Algorithmic Trading Specialist | 77,700 CZK | +23% |
| Assistant Accountant | 31,500 CZK | -50% |
| Assistant Accounting Manager | 82,700 CZK | +30% |
| Assistant Auditor | 40,400 CZK | -36% |
| Assistant Corporate Controller | 59,500 CZK | -6% |
| Assistant Finance Manager | 84,800 CZK | +34% |
| Assistant Financial Controller | 56,200 CZK | -11% |
| Audit Director | 98,500 CZK | +55% |
| Audit Supervisor | 78,900 CZK | +24% |
| Auditing Clerk | 34,000 CZK | -46% |
| Auditing Manager | 92,400 CZK | +46% |
| Billing Clerk | 30,900 CZK | -51% |
| Billing Coordinator | 39,100 CZK | -38% |
| Billing Specialist | 43,200 CZK | -32% |
| Billing Supervisor | 66,000 CZK | +4% |
| Bookkeeper | 27,200 CZK | -57% |
| Bookkeeping Specialist | 39,400 CZK | -38% |
| Budget Analyst | 75,300 CZK | +19% |
| Budget Manager | 86,400 CZK | +36% |
| Business Support Analyst | 45,600 CZK | -28% |
| Capital Markets Associate | 62,900 CZK | -1% |
| Cash Flow Analyst | 66,900 CZK | +6% |
| Cash Management Manager | 84,000 CZK | +32% |
| Cash Management Officer | 46,700 CZK | -26% |
| Cashbook Clerk | 28,900 CZK | -54% |
| Chartered Accountant | 55,000 CZK | -13% |
| Chief Accountant | 66,000 CZK | +4% |
| Chief Financial Technology Officer | 86,400 CZK | +36% |
| Collections Clerk | 25,900 CZK | -59% |
| Collections Representative | 37,600 CZK | -41% |
| Collections Specialist | 43,300 CZK | -32% |
| Corporate Controller | 70,500 CZK | +11% |
| Corporate Treasurer | 81,200 CZK | +28% |
| Cost Accountant | 44,000 CZK | -31% |
| Cost Accounting Manager | 80,800 CZK | +27% |
| Cost Accounting Supervisor | 67,400 CZK | +6% |
| Cost Analyst | 68,600 CZK | +8% |
| Credit and Collection Manager | 83,800 CZK | +32% |
| Credit and Collection Staff | 31,700 CZK | -50% |
| Credit and Loans Officer | 29,800 CZK | -53% |
| Credit Controller | 60,900 CZK | -4% |
| Credit Manager | 90,900 CZK | +43% |
| Debt Adviser | 69,600 CZK | +10% |
| Debt Collector | 35,900 CZK | -43% |
| Debtors Clerk | 29,600 CZK | -53% |
| Debtors Controller | 31,700 CZK | -50% |
| Deputy CFO | 117,000 CZK | +85% |
| Deputy Head of Finance | 118,000 CZK | +86% |
| Derivative Trader | 76,300 CZK | +20% |
| Director of Finance | 121,000 CZK | +91% |
| E-commerce Accountant | 42,700 CZK | -33% |
| Economist | 96,700 CZK | +53% |
| Equity Analyst | 72,300 CZK | +14% |
| Escrow Assistant | 37,300 CZK | -41% |
| Executive Accountant | 48,400 CZK | -24% |
| External Auditor | 59,700 CZK | -6% |
| Finance Administrator | 51,600 CZK | -19% |
| Finance Analyst | 73,100 CZK | +15% |
| Finance Associate | 36,900 CZK | -42% |
| Finance Data Analyst | 70,300 CZK | +11% |
| Finance Director | 120,000 CZK | +89% |
| Finance Executive | 90,500 CZK | +43% |
| Finance Licensing Clerk | 31,900 CZK | -50% |
| Finance Licensing Manager | 81,100 CZK | +28% |
| Finance Licensing Specialist | 44,000 CZK | -31% |
| Finance Manager | 120,000 CZK | +89% |
| Finance Officer | 40,500 CZK | -36% |
| Finance President | 126,000 CZK | +99% |
| Finance Relationship Manager | 94,900 CZK | +50% |
| Finance Release Analyst | 47,400 CZK | -25% |
| Finance Specialist | 68,100 CZK | +7% |
| Finance Team Leader | 92,000 CZK | +45% |
| Financial Accountant | 42,600 CZK | -33% |
| Financial Actuary | 64,700 CZK | +2% |
| Financial Administrator | 70,000 CZK | +10% |
| Financial Advisor | 79,000 CZK | +25% |
| Financial Analyst | 75,800 CZK | +20% |
| Financial Applications Specialist | 51,100 CZK | -19% |
| Financial Assistant | 34,900 CZK | -45% |
| Financial Associate | 39,900 CZK | -37% |
| Financial Claims Analyst | 55,700 CZK | -12% |
| Financial Claims Manager | 78,000 CZK | +23% |
| Financial Claims Supervisor | 69,400 CZK | +9% |
| Financial Clerk | 33,300 CZK | -47% |
| Financial Commercial Analyst | 63,400 CZK | -0% |
| Financial Compliance Analyst | 69,800 CZK | +10% |
| Financial Compliance Officer | 66,000 CZK | +4% |
| Financial Consultant | 57,700 CZK | -9% |
| Financial Controller | 67,000 CZK | +6% |
| Financial Coordinator | 37,200 CZK | -41% |
| Financial Customer Service Manager | 76,500 CZK | +21% |
| Financial Data Scientist | 82,100 CZK | +29% |
| Financial Dealer and Broker | 47,500 CZK | -25% |
| Financial Director | 130,000 CZK | +110% |
| Financial Encoder | 36,200 CZK | -43% |
| Financial Manager | 125,000 CZK | +97% |
| Financial Modelling Analyst | 76,000 CZK | +20% |
| Financial Operations Manager | 111,000 CZK | +75% |
| Financial Policy Analyst | 68,500 CZK | +8% |
| Financial Project Manager | 83,800 CZK | +32% |
| Financial Quantitative Analyst | 71,900 CZK | +13% |
| Financial Reporting Consultant | 61,000 CZK | -4% |
| Financial Reporting Manager | 84,500 CZK | +33% |
| Financial Section Head | 80,800 CZK | +27% |
| Financial Services Manager | 109,000 CZK | +72% |
| Financial Services Sales Agent | 46,800 CZK | -26% |
| Financial Technology Consultant | 63,700 CZK | +0% |
| Financial Wellness Coach | 88,000 CZK | +39% |
| FinTech Analyst | 70,700 CZK | +12% |
| Fixed Assets Administrator | 45,200 CZK | -29% |
| Forensic Accountant | 47,900 CZK | -24% |
| Fraud Detection Supervisor | 54,500 CZK | -14% |
| Fraud Prevention Manager | 86,600 CZK | +37% |
| Fund Accountant | 38,800 CZK | -39% |
| Grants Coordinator | 32,500 CZK | -49% |
| Green Finance Analyst | 62,900 CZK | -1% |
| Group Financial Manager | 125,000 CZK | +97% |
| Internal Auditor | 54,500 CZK | -14% |
| Internal Control Adviser | 69,600 CZK | +10% |
| Internal Control Officer | 37,000 CZK | -42% |
| International Tax Director | 106,000 CZK | +67% |
| Inventory Accountant | 44,100 CZK | -30% |
| Investment Advisor | 115,000 CZK | +81% |
| Investment Analyst | 81,400 CZK | +28% |
| Investment Associate | 71,000 CZK | +12% |
| Investment Broker | 73,200 CZK | +15% |
| Investment Fund Manager | 90,200 CZK | +42% |
| Investment Operations Manager | 93,300 CZK | +47% |
| Investment Underwriter | 36,400 CZK | -43% |
| Investor | 57,300 CZK | -10% |
| Investor Relations Manager | 85,500 CZK | +35% |
| KYC Team Leader | 81,300 CZK | +28% |
| Loan Processor | 35,500 CZK | -44% |
| Management Accountant | 46,600 CZK | -27% |
| Management Economist | 99,000 CZK | +56% |
| Paymaster | 35,400 CZK | -44% |
| Payroll Administrator | 56,600 CZK | -11% |
| Payroll Benefits Coordinator | 47,100 CZK | -26% |
| Payroll Billing Manager | 74,600 CZK | +18% |
| Payroll Clerk | 35,900 CZK | -43% |
| Payroll Manager | 79,600 CZK | +26% |
| Payroll Officer | 37,700 CZK | -41% |
| Payroll Specialist | 43,100 CZK | -32% |
| Payroll Supervisor | 53,200 CZK | -16% |
| Pensions Administrator | 45,000 CZK | -29% |
| Personal Financial Advisor | 64,500 CZK | +2% |
| Pricing Analyst | 72,200 CZK | +14% |
| Private Equity Analyst | 71,500 CZK | +13% |
| Project Accountant | 44,700 CZK | -29% |
| Proposal Development Coordinator | 37,800 CZK | -40% |
| Quantitative Trader | 59,400 CZK | -6% |
| Receivables Accountant | 40,900 CZK | -35% |
| Regulatory Accountant | 45,900 CZK | -28% |
| Retirement Plan Analyst | 70,500 CZK | +11% |
| Revenue Management Specialist | 70,300 CZK | +11% |
| Revenue Recognition Analyst | 76,800 CZK | +21% |
| Risk Management Director | 103,000 CZK | +62% |
| Risk Management Supervisor | 81,300 CZK | +28% |
| Staff Accountant | 40,400 CZK | -36% |
| Tax Accountant | 40,800 CZK | -36% |
| Tax Administrator | 44,100 CZK | -30% |
| Tax Advisor | 66,000 CZK | +4% |
| Tax Analyst | 63,200 CZK | -0% |
| Tax Associate | 35,100 CZK | -45% |
| Tax Consultant | 69,700 CZK | +10% |
| Tax Director | 97,000 CZK | +53% |
| Tax Examiner | 46,000 CZK | -27% |
| Tax Manager | 88,800 CZK | +40% |
| Tax Research Manager | 85,100 CZK | +34% |
| Teller | 26,300 CZK | -59% |
| Treasury Accountant | 44,200 CZK | -30% |
| Treasury Analyst | 72,700 CZK | +15% |
| Underwriter | 28,500 CZK | -55% |
| Underwriting Assistant | 28,400 CZK | -55% |
| Vice President of Finance | 121,000 CZK | +91% |
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 Czech Republic is 7% on average across all career fields.
| Private Sector | 59,300 CZK | |
| Public Sector | +7% | 63,600 CZK |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Commercial Analyst in Czech Republic?
A good and competitive compensation would range anywhere between 60,600 CZK and 69,800 CZK. 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 Commercial Analyst in Czech Republic ranges from 29,200 CZK to 48,800 CZK. 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
