Financial Project Manager Average Salary in Karachi 2024
How much money does a person working as Financial Project Manager make in Karachi?
LOW
60,700
PKR AVERAGE
129,000
PKR HIGH
204,000
PKR
A person working as Financial Project Manager in Karachi typically earns around 129,000 PKR. Salaries range from 60,700 PKR (lowest) to 204,000 PKR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Project Manager salaries in Karachi vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Project Manager Pay Scale and Salaries in Karachi
Salary Structure and Pay Scale Comparison
122,000 PKR or more
107,000 to 122,000 PKR
74,300 PKR or less
74,300 to 107,000 PKR
 60,700 PKR |
122,000 PKR |
204,000 PKR |
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 Project Manager in Karachi range from 60,700 PKR (starting salary) to 204,000 PKR (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 122,000 PKR, half of the professionals who work as Financial Project Manager in Karachi 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 Project Manager in Karachi earn less than 99,100 PKR, while 75% earn more. Similarly, the chart shows that 75% earn less than 141,000 PKR 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 Project Manager in Karachi compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 74,300 PKR to 107,000 PKR. About 20% of salaries are below the 74,300 PKR mark, while 10% fall within the range of 107,000 PKR to 122,000 PKR. Only 5% of individuals have salaries exceeding 122,000 PKR.
Salary Comparison by Years of Experience / Financial Project Manager / Karachi
How do experience and age affect pay?
| 0 - 2 Years | 70,000 PKR | |
| 2 - 5 Years | +38% | 96,500 PKR |
| 5 - 10 Years | +42% | 137,000 PKR |
| 10 - 15 Years | +22% | 167,000 PKR |
| 15 - 20 Years | +6% | 177,000 PKR |
| 20+ Years | +9% | 192,000 PKR |
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 Project Manager and this is what we found.
Employees with less than two years of experience earn approximately 70,000 PKR.
While someone with an experience level between two and five years is expected to earn 96,500 PKR, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 137,000 PKR, 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 167,000 PKR, 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 177,000 PKR, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 192,000 PKR, 9% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Project Manager / Karachi
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Project Manager.
| Certificate or Diploma | 83,600 PKR | |
| Bachelor's Degree | +58% | 132,000 PKR |
| Master's Degree | +39% | 184,000 PKR |
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 Project Manager in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 83,600 PKR.
Level 2: Bachelor's Degree
At this level, the average salary becomes 132,000 PKR, 58% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 184,000 PKR, 39% 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 Pakistan costs anywhere from 410,000 PKR to 1,230,000 PKR 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 Project Manager / Karachi
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 Project Manager in Pakistan, the average difference between the salary of male and female employees is 17%.
| Male | 123,000 PKR | |
| Female | -15% | 105,000 PKR |
Salary Comparison By Gender in Pakistan for all Careers
Average Annual Salary Increment Percentage / Financial Project Manager / Karachi
How much are annual salary increments in Karachi for individuals working as Financial Project Manager? How often do employees get salary raises?
Individuals working as Financial Project Manager in Pakistan 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 19 months.
Pakistan / 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 Project Manager / Pakistan
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/pakistan/accounting-and-finance/financial-project-manager/annual-salary-bonus-rate-pakistan-financial-project-manager.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 Project Manager / Karachi
740 PKR per hourThe average hourly wage (pay per hour) for individuals working as Financial Project Manager in Karachi is 740 PKR.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 Project Manager in Karachi is 350 PKR. 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 | 49,200 PKR | -62% |
| Account Executive | 82,700 PKR | -36% |
| Accountant | 61,500 PKR | -52% |
| Accounting Analyst | 81,500 PKR | -37% |
| Accounting Assistant | 49,400 PKR | -62% |
| Accounting Associate | 44,700 PKR | -65% |
| Accounting Clerk | 38,300 PKR | -70% |
| Accounting Coordinator | 59,000 PKR | -54% |
| Accounting Head | 131,000 PKR |  +2% |
| Accounting Manager | 131,000 PKR | +2% |
| Accounting Officer | 45,800 PKR | -65% |
| Accounting Specialist | 86,200 PKR | -33% |
| Accounting Supervisor | 90,300 PKR | -30% |
| Accounting Technician | 46,000 PKR | -64% |
| Accounting Unit Controller | 103,000 PKR | -20% |
| Accounts Executive | 82,100 PKR | -36% |
| Accounts Officer | 51,200 PKR | -60% |
| Accounts Payable and Receivable Specialist | 65,200 PKR | -49% |
| Accounts Payable Assistant | 49,500 PKR | -62% |
| Accounts Payable Associate | 58,100 PKR | -55% |
| Accounts Payable Clerk | 47,300 PKR | -63% |
| Accounts Payable Manager | 129,000 PKR | -0% |
| Accounts Receivable Administrator | 89,200 PKR | -31% |
| Accounts Receivable Clerk | 45,300 PKR | -65% |
| Accounts Receivable Financial Analyst | 91,700 PKR | -29% |
| Accounts Receivable Manager | 122,000 PKR | -5% |
| Accounts Receivable Team Leader | 89,200 PKR | -31% |
| Algorithmic Trading Specialist | 113,000 PKR | -12% |
| Assistant Accountant | 50,000 PKR | -61% |
| Assistant Accounting Manager | 121,000 PKR | -6% |
| Assistant Auditor | 61,500 PKR | -52% |
| Assistant Corporate Controller | 84,500 PKR | -35% |
| Assistant Finance Manager | 131,000 PKR | +2% |
| Assistant Financial Controller | 82,100 PKR | -36% |
| Audit Director | 145,000 PKR | +12% |
| Audit Supervisor | 119,000 PKR | -8% |
| Auditing Clerk | 51,200 PKR | -60% |
| Auditing Manager | 137,000 PKR | +6% |
| Billing Clerk | 46,500 PKR | -64% |
| Billing Coordinator | 57,200 PKR | -56% |
| Billing Specialist | 66,300 PKR | -49% |
| Billing Supervisor | 99,300 PKR | -23% |
| Bookkeeper | 39,700 PKR | -69% |
| Bookkeeping Specialist | 62,800 PKR | -51% |
| Budget Analyst | 107,000 PKR | -17% |
| Budget Manager | 132,000 PKR | +2% |
| Business Support Analyst | 69,400 PKR | -46% |
| Capital Markets Associate | 94,100 PKR | -27% |
| Cash Flow Analyst | 99,100 PKR | -23% |
| Cash Management Manager | 121,000 PKR | -6% |
| Cash Management Officer | 72,100 PKR | -44% |
| Cashbook Clerk | 41,200 PKR | -68% |
| Chartered Accountant | 82,400 PKR | -36% |
| Chief Accountant | 98,000 PKR | -24% |
| Chief Financial Technology Officer | 128,000 PKR | -1% |
| Collections Clerk | 40,000 PKR | -69% |
| Collections Representative | 56,500 PKR | -56% |
| Collections Specialist | 62,100 PKR | -52% |
| Corporate Controller | 104,000 PKR | -19% |
| Corporate Treasurer | 116,000 PKR | -10% |
| Cost Accountant | 61,900 PKR | -52% |
| Cost Accounting Manager | 124,000 PKR | -4% |
| Cost Accounting Supervisor | 101,000 PKR | -22% |
| Cost Analyst | 103,000 PKR | -20% |
| Credit and Collection Manager | 128,000 PKR | -1% |
| Credit and Collection Staff | 46,500 PKR | -64% |
| Credit and Loans Officer | 47,800 PKR | -63% |
| Credit Controller | 88,600 PKR | -31% |
| Credit Manager | 128,000 PKR | -1% |
| Debt Adviser | 107,000 PKR | -17% |
| Debt Collector | 53,400 PKR | -59% |
| Debtors Clerk | 43,800 PKR | -66% |
| Debtors Controller | 45,800 PKR | -65% |
| Deputy CFO | 167,000 PKR | +29% |
| Deputy Head of Finance | 177,000 PKR | +37% |
| Derivative Trader | 113,000 PKR | -12% |
| Director of Finance | 193,000 PKR | +50% |
| E-commerce Accountant | 67,300 PKR | -48% |
| Economist | 142,000 PKR | +10% |
| Equity Analyst | 112,000 PKR | -13% |
| Escrow Assistant | 56,600 PKR | -56% |
| Executive Accountant | 71,700 PKR | -44% |
| External Auditor | 86,000 PKR | -33% |
| Finance Administrator | 75,300 PKR | -42% |
| Finance Analyst | 111,000 PKR | -14% |
| Finance Associate | 57,600 PKR | -55% |
| Finance Data Analyst | 98,300 PKR | -24% |
| Finance Director | 182,000 PKR | +41% |
| Finance Executive | 130,000 PKR | +1% |
| Finance Licensing Clerk | 46,900 PKR | -64% |
| Finance Licensing Manager | 115,000 PKR | -11% |
| Finance Licensing Specialist | 67,300 PKR | -48% |
| Finance Manager | 178,000 PKR | +38% |
| Finance Officer | 57,700 PKR | -55% |
| Finance President | 186,000 PKR | +44% |
| Finance Relationship Manager | 149,000 PKR | +15% |
| Finance Release Analyst | 69,200 PKR | -46% |
| Finance Specialist | 108,000 PKR | -16% |
| Finance Team Leader | 148,000 PKR | +15% |
| Financial Accountant | 61,500 PKR | -52% |
| Financial Actuary | 101,000 PKR | -22% |
| Financial Administrator | 109,000 PKR | -16% |
| Financial Advisor | 110,000 PKR | -15% |
| Financial Analyst | 116,000 PKR | -10% |
| Financial Applications Specialist | 79,500 PKR | -38% |
| Financial Assistant | 52,600 PKR | -59% |
| Financial Associate | 49,300 PKR | -62% |
| Financial Claims Analyst | 81,100 PKR | -37% |
| Financial Claims Manager | 110,000 PKR | -15% |
| Financial Claims Supervisor | 105,000 PKR | -19% |
| Financial Clerk | 46,700 PKR | -64% |
| Financial Commercial Analyst | 90,800 PKR | -30% |
| Financial Compliance Analyst | 105,000 PKR | -19% |
| Financial Compliance Officer | 99,100 PKR | -23% |
| Financial Consultant | 86,500 PKR | -33% |
| Financial Controller | 103,000 PKR | -20% |
| Financial Coordinator | 56,800 PKR | -56% |
| Financial Customer Service Manager | 116,000 PKR | -10% |
| Financial Data Scientist | 120,000 PKR | -7% |
| Financial Dealer and Broker | 67,600 PKR | -48% |
| Financial Director | 189,000 PKR | +46% |
| Financial Encoder | 52,400 PKR | -59% |
| Financial Manager | 169,000 PKR | +31% |
| Financial Modelling Analyst | 119,000 PKR | -8% |
| Financial Operations Manager | 154,000 PKR | +19% |
| Financial Policy Analyst | 100,000 PKR | -23% |
| Financial Project Manager | 129,000 PKR | -0% |
| Financial Quantitative Analyst | 108,000 PKR | -16% |
| Financial Reporting Consultant | 94,500 PKR | -27% |
| Financial Reporting Manager | 124,000 PKR | -4% |
| Financial Section Head | 126,000 PKR | -2% |
| Financial Services Manager | 157,000 PKR | +22% |
| Financial Services Sales Agent | 66,400 PKR | -49% |
| Financial Technology Consultant | 96,900 PKR | -25% |
| Financial Wellness Coach | 130,000 PKR | +1% |
| FinTech Analyst | 112,000 PKR | -13% |
| Fixed Assets Administrator | 62,800 PKR | -51% |
| Forensic Accountant | 75,300 PKR | -42% |
| Fraud Detection Supervisor | 80,300 PKR | -38% |
| Fraud Prevention Manager | 124,000 PKR | -4% |
| Fund Accountant | 59,600 PKR | -54% |
| Grants Coordinator | 46,000 PKR | -64% |
| Green Finance Analyst | 92,100 PKR | -29% |
| Group Financial Manager | 177,000 PKR | +37% |
| Internal Auditor | 84,500 PKR | -35% |
| Internal Control Adviser | 102,000 PKR | -21% |
| Internal Control Officer | 52,800 PKR | -59% |
| International Tax Director | 149,000 PKR | +15% |
| Inventory Accountant | 62,800 PKR | -51% |
| Investment Advisor | 172,000 PKR | +33% |
| Investment Analyst | 130,000 PKR | +1% |
| Investment Associate | 111,000 PKR | -14% |
| Investment Broker | 103,000 PKR | -20% |
| Investment Fund Manager | 137,000 PKR | +6% |
| Investment Operations Manager | 141,000 PKR | +9% |
| Investment Underwriter | 53,700 PKR | -58% |
| Investor | 83,800 PKR | -35% |
| Investor Relations Manager | 121,000 PKR | -6% |
| KYC Team Leader | 125,000 PKR | -3% |
| Loan Processor | 51,900 PKR | -60% |
| Management Accountant | 70,100 PKR | -46% |
| Management Economist | 140,000 PKR | +8% |
| Paymaster | 50,800 PKR | -61% |
| Payroll Administrator | 84,200 PKR | -35% |
| Payroll Benefits Coordinator | 68,400 PKR | -47% |
| Payroll Billing Manager | 116,000 PKR | -10% |
| Payroll Clerk | 57,200 PKR | -56% |
| Payroll Manager | 112,000 PKR | -13% |
| Payroll Officer | 57,000 PKR | -56% |
| Payroll Specialist | 63,400 PKR | -51% |
| Payroll Supervisor | 80,200 PKR | -38% |
| Pensions Administrator | 63,800 PKR | -51% |
| Personal Financial Advisor | 98,400 PKR | -24% |
| Pricing Analyst | 101,000 PKR | -22% |
| Private Equity Analyst | 107,000 PKR | -17% |
| Project Accountant | 68,700 PKR | -47% |
| Proposal Development Coordinator | 53,600 PKR | -58% |
| Quantitative Trader | 87,300 PKR | -32% |
| Receivables Accountant | 60,000 PKR | -54% |
| Regulatory Accountant | 70,200 PKR | -46% |
| Retirement Plan Analyst | 104,000 PKR | -19% |
| Revenue Management Specialist | 100,000 PKR | -23% |
| Revenue Recognition Analyst | 114,000 PKR | -12% |
| Risk Management Director | 153,000 PKR | +19% |
| Risk Management Supervisor | 129,000 PKR | -0% |
| Staff Accountant | 63,000 PKR | -51% |
| Tax Accountant | 61,400 PKR | -52% |
| Tax Administrator | 68,100 PKR | -47% |
| Tax Advisor | 98,900 PKR | -23% |
| Tax Analyst | 91,900 PKR | -29% |
| Tax Associate | 51,300 PKR | -60% |
| Tax Consultant | 98,600 PKR | -24% |
| Tax Director | 147,000 PKR | +14% |
| Tax Examiner | 69,800 PKR | -46% |
| Tax Manager | 124,000 PKR | -4% |
| Tax Research Manager | 128,000 PKR | -1% |
| Teller | 38,300 PKR | -70% |
| Treasury Accountant | 66,100 PKR | -49% |
| Treasury Analyst | 104,000 PKR | -19% |
| Underwriter | 43,900 PKR | -66% |
| Underwriting Assistant | 42,400 PKR | -67% |
| Vice President of Finance | 179,000 PKR | +39% |
Salary Comparison By City
| City | Average Salary |
| Islamabad | 107,000 PKR |
| Karachi | 129,000 PKR |
| Lahore | 131,000 PKR |
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 Pakistan is 12% on average across all career fields.
| Private Sector | 76,500 PKR | |
| Public Sector | +12% | 85,700 PKR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Project Manager in Karachi?
A good and competitive compensation would range anywhere between 122,000 PKR and 141,000 PKR. 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 Project Manager in Karachi ranges from 60,700 PKR to 99,100 PKR. 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
