Financial Actuary Average Salary in Hamburg 2024
How much money does a person working as Financial Actuary make in Hamburg?
LOW
2,110
EUR AVERAGE
4,590
EUR HIGH
7,290
EUR
A person working as Financial Actuary in Hamburg typically earns around 4,590 EUR. Salaries range from 2,110 EUR (lowest) to 7,290 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Actuary salaries in Hamburg vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Actuary Pay Scale and Salaries in Hamburg
Salary Structure and Pay Scale Comparison
4,350 EUR or more
3,810 to 4,350 EUR
2,630 EUR or less
2,630 to 3,810 EUR
 2,110 EUR |
4,380 EUR |
7,290 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 Actuary in Hamburg range from 2,110 EUR (starting salary) to 7,290 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 4,380 EUR, half of the professionals who work as Financial Actuary in Hamburg 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 Actuary in Hamburg earn less than 3,530 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,050 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 Actuary in Hamburg compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,630 EUR to 3,810 EUR. About 20% of salaries are below the 2,630 EUR mark, while 10% fall within the range of 3,810 EUR to 4,350 EUR. Only 5% of individuals have salaries exceeding 4,350 EUR.
Salary Comparison by Years of Experience / Financial Actuary / Hamburg
How do experience and age affect pay?
| 0 - 2 Years | 2,400 EUR | |
| 2 - 5 Years | +34% | 3,200 EUR |
| 5 - 10 Years | +48% | 4,730 EUR |
| 10 - 15 Years | +22% | 5,760 EUR |
| 15 - 20 Years | +9% | 6,280 EUR |
| 20+ Years | +8% | 6,800 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 Actuary and this is what we found.
Employees with less than two years of experience earn approximately 2,400 EUR.
While someone with an experience level between two and five years is expected to earn 3,200 EUR, 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 4,730 EUR, 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 5,760 EUR, 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 6,280 EUR, 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 6,800 EUR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Actuary / Hamburg
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Actuary.
| High School | 2,940 EUR | |
| Certificate or Diploma | +18% | 3,460 EUR |
| Bachelor's Degree | +45% | 5,010 EUR |
| Master's Degree | +31% | 6,570 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 Actuary in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 2,940 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 3,460 EUR, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 5,010 EUR, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 6,570 EUR, 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 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 Actuary / Hamburg
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 Actuary in Germany, the average difference between the salary of male and female employees is 6%.
| Male | 4,210 EUR | |
| Female | -6% | 3,980 EUR |
Salary Comparison By Gender in Germany for all Careers
Average Annual Salary Increment Percentage / Financial Actuary / Hamburg
How much are annual salary increments in Hamburg for individuals working as Financial Actuary? How often do employees get salary raises?
Individuals working as Financial Actuary 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 Actuary / 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-actuary/annual-salary-bonus-rate-germany-financial-actuary.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 Actuary / Hamburg
26 EUR per hourThe average hourly wage (pay per hour) for individuals working as Financial Actuary in Hamburg is 26 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 Actuary in Hamburg is 12 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 | 2,250 EUR | -51% |
| Account Executive | 3,610 EUR | -21% |
| Accountant | 2,800 EUR | -39% |
| Accounting Analyst | 3,630 EUR | -21% |
| Accounting Assistant | 2,150 EUR | -53% |
| Accounting Associate | 2,000 EUR | -56% |
| Accounting Clerk | 1,760 EUR | -62% |
| Accounting Coordinator | 2,700 EUR | -41% |
| Accounting Head | 5,720 EUR |  +25% |
| Accounting Manager | 6,350 EUR | +38% |
| Accounting Officer | 2,150 EUR | -53% |
| Accounting Specialist | 3,860 EUR | -16% |
| Accounting Supervisor | 4,080 EUR | -11% |
| Accounting Technician | 1,980 EUR | -57% |
| Accounting Unit Controller | 4,860 EUR | +6% |
| Accounts Executive | 3,550 EUR | -23% |
| Accounts Officer | 2,190 EUR | -52% |
| Accounts Payable and Receivable Specialist | 3,020 EUR | -34% |
| Accounts Payable Assistant | 2,430 EUR | -47% |
| Accounts Payable Associate | 2,750 EUR | -40% |
| Accounts Payable Clerk | 2,180 EUR | -52% |
| Accounts Payable Manager | 5,690 EUR | +24% |
| Accounts Receivable Administrator | 4,460 EUR | -3% |
| Accounts Receivable Clerk | 2,100 EUR | -54% |
| Accounts Receivable Financial Analyst | 4,040 EUR | -12% |
| Accounts Receivable Manager | 5,380 EUR | +17% |
| Accounts Receivable Team Leader | 4,350 EUR | -5% |
| Algorithmic Trading Specialist | 5,220 EUR | +14% |
| Assistant Accountant | 2,310 EUR | -50% |
| Assistant Accounting Manager | 5,160 EUR | +13% |
| Assistant Auditor | 3,030 EUR | -34% |
| Assistant Corporate Controller | 3,900 EUR | -15% |
| Assistant Finance Manager | 6,120 EUR | +33% |
| Assistant Financial Controller | 3,970 EUR | -13% |
| Audit Director | 6,850 EUR | +49% |
| Audit Supervisor | 5,090 EUR | +11% |
| Auditing Clerk | 2,190 EUR | -52% |
| Auditing Manager | 5,940 EUR | +30% |
| Billing Clerk | 2,330 EUR | -49% |
| Billing Coordinator | 2,730 EUR | -40% |
| Billing Specialist | 3,230 EUR | -30% |
| Billing Supervisor | 4,560 EUR | -1% |
| Bookkeeper | 1,930 EUR | -58% |
| Bookkeeping Specialist | 2,710 EUR | -41% |
| Budget Analyst | 4,940 EUR | +8% |
| Budget Manager | 5,800 EUR | +26% |
| Business Support Analyst | 3,420 EUR | -25% |
| Capital Markets Associate | 4,250 EUR | -7% |
| Cash Flow Analyst | 4,160 EUR | -9% |
| Cash Management Manager | 5,910 EUR | +29% |
| Cash Management Officer | 3,370 EUR | -27% |
| Cashbook Clerk | 1,900 EUR | -59% |
| Chartered Accountant | 3,670 EUR | -20% |
| Chief Accountant | 4,240 EUR | -8% |
| Chief Financial Technology Officer | 6,280 EUR | +37% |
| Collections Clerk | 1,790 EUR | -61% |
| Collections Representative | 2,590 EUR | -44% |
| Collections Specialist | 2,950 EUR | -36% |
| Corporate Controller | 4,550 EUR | -1% |
| Corporate Treasurer | 5,540 EUR | +21% |
| Cost Accountant | 2,900 EUR | -37% |
| Cost Accounting Manager | 5,640 EUR | +23% |
| Cost Accounting Supervisor | 4,710 EUR | +3% |
| Cost Analyst | 4,440 EUR | -3% |
| Credit and Collection Manager | 5,620 EUR | +23% |
| Credit and Collection Staff | 2,160 EUR | -53% |
| Credit and Loans Officer | 2,180 EUR | -52% |
| Credit Controller | 3,820 EUR | -17% |
| Credit Manager | 6,180 EUR | +35% |
| Debt Adviser | 4,980 EUR | +9% |
| Debt Collector | 2,380 EUR | -48% |
| Debtors Clerk | 2,060 EUR | -55% |
| Debtors Controller | 2,150 EUR | -53% |
| Deputy CFO | 8,200 EUR | +79% |
| Deputy Head of Finance | 7,900 EUR | +72% |
| Derivative Trader | 5,080 EUR | +11% |
| Director of Finance | 8,930 EUR | +95% |
| E-commerce Accountant | 3,150 EUR | -31% |
| Economist | 7,050 EUR | +54% |
| Equity Analyst | 5,380 EUR | +17% |
| Escrow Assistant | 2,600 EUR | -43% |
| Executive Accountant | 3,140 EUR | -32% |
| External Auditor | 3,920 EUR | -15% |
| Finance Administrator | 3,340 EUR | -27% |
| Finance Analyst | 5,320 EUR | +16% |
| Finance Associate | 2,440 EUR | -47% |
| Finance Data Analyst | 4,790 EUR | +4% |
| Finance Director | 8,970 EUR | +96% |
| Finance Executive | 5,940 EUR | +30% |
| Finance Licensing Clerk | 1,990 EUR | -57% |
| Finance Licensing Manager | 5,730 EUR | +25% |
| Finance Licensing Specialist | 3,190 EUR | -30% |
| Finance Manager | 8,370 EUR | +83% |
| Finance Officer | 2,860 EUR | -38% |
| Finance President | 8,250 EUR | +80% |
| Finance Relationship Manager | 6,790 EUR | +48% |
| Finance Release Analyst | 3,350 EUR | -27% |
| Finance Specialist | 4,850 EUR | +6% |
| Finance Team Leader | 6,740 EUR | +47% |
| Financial Accountant | 2,890 EUR | -37% |
| Financial Actuary | 4,590 EUR | +0% |
| Financial Administrator | 4,810 EUR | +5% |
| Financial Advisor | 5,220 EUR | +14% |
| Financial Analyst | 5,250 EUR | +14% |
| Financial Applications Specialist | 3,560 EUR | -22% |
| Financial Assistant | 2,250 EUR | -51% |
| Financial Associate | 2,690 EUR | -41% |
| Financial Claims Analyst | 3,810 EUR | -17% |
| Financial Claims Manager | 4,950 EUR | +8% |
| Financial Claims Supervisor | 4,980 EUR | +9% |
| Financial Clerk | 2,120 EUR | -54% |
| Financial Commercial Analyst | 4,140 EUR | -10% |
| Financial Compliance Analyst | 4,490 EUR | -2% |
| Financial Compliance Officer | 4,610 EUR | +1% |
| Financial Consultant | 3,860 EUR | -16% |
| Financial Controller | 4,480 EUR | -2% |
| Financial Coordinator | 2,610 EUR | -43% |
| Financial Customer Service Manager | 5,320 EUR | +16% |
| Financial Data Scientist | 5,320 EUR | +16% |
| Financial Dealer and Broker | 3,210 EUR | -30% |
| Financial Director | 8,730 EUR | +90% |
| Financial Encoder | 2,460 EUR | -46% |
| Financial Manager | 8,270 EUR | +80% |
| Financial Modelling Analyst | 5,030 EUR | +10% |
| Financial Operations Manager | 7,080 EUR | +54% |
| Financial Policy Analyst | 4,580 EUR | -0% |
| Financial Project Manager | 5,860 EUR | +28% |
| Financial Quantitative Analyst | 5,180 EUR | +13% |
| Financial Reporting Consultant | 4,060 EUR | -11% |
| Financial Reporting Manager | 5,650 EUR | +23% |
| Financial Section Head | 5,730 EUR | +25% |
| Financial Services Manager | 7,380 EUR | +61% |
| Financial Services Sales Agent | 3,200 EUR | -30% |
| Financial Technology Consultant | 4,780 EUR | +4% |
| Financial Wellness Coach | 6,120 EUR | +33% |
| FinTech Analyst | 5,040 EUR | +10% |
| Fixed Assets Administrator | 2,890 EUR | -37% |
| Forensic Accountant | 3,430 EUR | -25% |
| Fraud Detection Supervisor | 3,520 EUR | -23% |
| Fraud Prevention Manager | 5,710 EUR | +25% |
| Fund Accountant | 2,900 EUR | -37% |
| Grants Coordinator | 2,060 EUR | -55% |
| Green Finance Analyst | 4,590 EUR | +0% |
| Group Financial Manager | 8,510 EUR | +86% |
| Internal Auditor | 4,060 EUR | -11% |
| Internal Control Adviser | 4,490 EUR | -2% |
| Internal Control Officer | 2,440 EUR | -47% |
| International Tax Director | 6,950 EUR | +52% |
| Inventory Accountant | 3,120 EUR | -32% |
| Investment Advisor | 7,980 EUR | +74% |
| Investment Analyst | 5,780 EUR | +26% |
| Investment Associate | 5,030 EUR | +10% |
| Investment Broker | 4,820 EUR | +5% |
| Investment Fund Manager | 6,570 EUR | +43% |
| Investment Operations Manager | 6,280 EUR | +37% |
| Investment Underwriter | 2,450 EUR | -47% |
| Investor | 3,830 EUR | -16% |
| Investor Relations Manager | 5,850 EUR | +28% |
| KYC Team Leader | 5,430 EUR | +18% |
| Loan Processor | 2,470 EUR | -46% |
| Management Accountant | 3,360 EUR | -27% |
| Management Economist | 6,780 EUR | +48% |
| Paymaster | 2,310 EUR | -50% |
| Payroll Administrator | 3,800 EUR | -17% |
| Payroll Benefits Coordinator | 3,300 EUR | -28% |
| Payroll Billing Manager | 5,360 EUR | +17% |
| Payroll Clerk | 2,470 EUR | -46% |
| Payroll Manager | 5,070 EUR | +11% |
| Payroll Officer | 2,510 EUR | -45% |
| Payroll Specialist | 2,940 EUR | -36% |
| Payroll Supervisor | 3,840 EUR | -16% |
| Pensions Administrator | 3,080 EUR | -33% |
| Personal Financial Advisor | 4,280 EUR | -7% |
| Pricing Analyst | 4,600 EUR | +0% |
| Private Equity Analyst | 5,060 EUR | +10% |
| Project Accountant | 2,990 EUR | -35% |
| Proposal Development Coordinator | 2,590 EUR | -44% |
| Quantitative Trader | 4,050 EUR | -12% |
| Receivables Accountant | 2,550 EUR | -44% |
| Regulatory Accountant | 3,180 EUR | -31% |
| Retirement Plan Analyst | 4,550 EUR | -1% |
| Revenue Management Specialist | 4,640 EUR | +1% |
| Revenue Recognition Analyst | 5,220 EUR | +14% |
| Risk Management Director | 6,700 EUR | +46% |
| Risk Management Supervisor | 5,980 EUR | +30% |
| Staff Accountant | 2,870 EUR | -37% |
| Tax Accountant | 2,820 EUR | -39% |
| Tax Administrator | 3,180 EUR | -31% |
| Tax Advisor | 4,410 EUR | -4% |
| Tax Analyst | 4,320 EUR | -6% |
| Tax Associate | 2,480 EUR | -46% |
| Tax Consultant | 4,420 EUR | -4% |
| Tax Director | 6,960 EUR | +52% |
| Tax Examiner | 3,160 EUR | -31% |
| Tax Manager | 6,060 EUR | +32% |
| Tax Research Manager | 5,940 EUR | +30% |
| Teller | 1,700 EUR | -63% |
| Treasury Accountant | 3,030 EUR | -34% |
| Treasury Analyst | 4,590 EUR | +0% |
| Underwriter | 1,990 EUR | -57% |
| Underwriting Assistant | 1,840 EUR | -60% |
| Vice President of Finance | 7,830 EUR | +71% |
Salary Comparison By City
| City | Average Salary |
| Berlin | 4,380 EUR |
| Dortmund | 3,630 EUR |
| Frankfurt | 4,310 EUR |
| Hamburg | 4,590 EUR |
| Munchen | 4,350 EUR |
| Stuttgart | 4,000 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 Actuary in Hamburg?
A good and competitive compensation would range anywhere between 4,380 EUR and 5,050 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 Actuary in Hamburg ranges from 2,110 EUR to 3,530 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
