Financial Manager Average Salary in Northern Ireland 2024
How much money does a person working as Financial Manager make in Northern Ireland?
LOW
64,000
GBP AVERAGE
125,000
GBP HIGH
193,000
GBP
A person working as Financial Manager in Northern Ireland typically earns around 125,000 GBP. Salaries range from 64,000 GBP (lowest) to 193,000 GBP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Manager salaries in Northern Ireland vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Manager Pay Scale and Salaries in Northern Ireland
Salary Structure and Pay Scale Comparison
115,000 GBP or more
102,000 to 115,000 GBP
73,600 GBP or less
73,600 to 102,000 GBP
 64,000 GBP |
115,000 GBP |
193,000 GBP |
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 Manager in Northern Ireland range from 64,000 GBP (starting salary) to 193,000 GBP (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 115,000 GBP, half of the professionals who work as Financial Manager in Northern Ireland 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 Manager in Northern Ireland earn less than 95,000 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 131,000 GBP 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 Manager in Northern Ireland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 73,600 GBP to 102,000 GBP. About 20% of salaries are below the 73,600 GBP mark, while 10% fall within the range of 102,000 GBP to 115,000 GBP. Only 5% of individuals have salaries exceeding 115,000 GBP.
Salary Comparison by Years of Experience / Financial Manager / Northern Ireland
How do experience and age affect pay?
| 0 - 2 Years | 71,700 GBP | |
| 2 - 5 Years | +31% | 93,700 GBP |
| 5 - 10 Years | +40% | 131,000 GBP |
| 10 - 15 Years | +20% | 158,000 GBP |
| 15 - 20 Years | +9% | 171,000 GBP |
| 20+ Years | +8% | 185,000 GBP |
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 Manager and this is what we found.
Employees with less than two years of experience earn approximately 71,700 GBP.
While someone with an experience level between two and five years is expected to earn 93,700 GBP, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 131,000 GBP, 40% 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 158,000 GBP, 20% 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 171,000 GBP, 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 185,000 GBP, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Manager / Northern Ireland
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Manager.
| Certificate or Diploma | 82,100 GBP | |
| Bachelor's Degree | +50% | 123,000 GBP |
| Master's Degree | +48% | 183,000 GBP |
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 Manager in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 82,100 GBP.
Level 2: Bachelor's Degree
At this level, the average salary becomes 123,000 GBP, 50% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 183,000 GBP, 48% 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 United Kingdom costs anywhere from 29,700 GBP to 89,100 GBP 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 Manager / Northern Ireland
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 Manager in United Kingdom, the average difference between the salary of male and female employees is 4%.
| Male | 152,000 GBP | |
| Female | -4% | 146,000 GBP |
Salary Comparison By Gender in United Kingdom for all Careers
Average Annual Salary Increment Percentage / Financial Manager / Northern Ireland
How much are annual salary increments in Northern Ireland for individuals working as Financial Manager? How often do employees get salary raises?
Individuals working as Financial Manager in United Kingdom 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 15 months.
United Kingdom / 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 Manager / United Kingdom
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/accounting-and-finance/financial-manager/annual-salary-bonus-rate-united-kingdom-financial-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 Manager / Northern Ireland
60 GBP per hourThe average hourly wage (pay per hour) for individuals working as Financial Manager in Northern Ireland is 60 GBP.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 Manager in Northern Ireland is 31 GBP. 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 | 35,800 GBP | -71% |
| Account Executive | 60,600 GBP | -52% |
| Accountant | 44,700 GBP | -64% |
| Accounting Analyst | 55,100 GBP | -56% |
| Accounting Assistant | 36,000 GBP | -71% |
| Accounting Associate | 31,900 GBP | -75% |
| Accounting Clerk | 28,000 GBP | -78% |
| Accounting Coordinator | 43,000 GBP | -66% |
| Accounting Head | 95,900 GBP | -24% |
| Accounting Manager | 96,400 GBP | -23% |
| Accounting Officer | 34,300 GBP | -73% |
| Accounting Specialist | 64,700 GBP | -48% |
| Accounting Supervisor | 65,000 GBP | -48% |
| Accounting Technician | 31,700 GBP | -75% |
| Accounting Unit Controller | 77,500 GBP | -38% |
| Accounts Executive | 59,600 GBP | -52% |
| Accounts Officer | 34,900 GBP | -72% |
| Accounts Payable and Receivable Specialist | 48,100 GBP | -62% |
| Accounts Payable Assistant | 38,800 GBP | -69% |
| Accounts Payable Associate | 41,700 GBP | -67% |
| Accounts Payable Clerk | 34,800 GBP | -72% |
| Accounts Payable Manager | 95,300 GBP | -24% |
| Accounts Receivable Administrator | 67,700 GBP | -46% |
| Accounts Receivable Clerk | 33,500 GBP | -73% |
| Accounts Receivable Financial Analyst | 67,700 GBP | -46% |
| Accounts Receivable Manager | 90,400 GBP | -28% |
| Accounts Receivable Team Leader | 69,400 GBP | -45% |
| Algorithmic Trading Specialist | 83,200 GBP | -34% |
| Assistant Accountant | 35,100 GBP | -72% |
| Assistant Accounting Manager | 82,300 GBP | -34% |
| Assistant Auditor | 48,400 GBP | -61% |
| Assistant Corporate Controller | 65,400 GBP | -48% |
| Assistant Finance Manager | 92,700 GBP | -26% |
| Assistant Financial Controller | 63,400 GBP | -49% |
| Audit Director | 104,000 GBP | -17% |
| Audit Supervisor | 81,100 GBP | -35% |
| Auditing Clerk | 34,900 GBP | -72% |
| Auditing Manager | 94,800 GBP | -24% |
| Billing Clerk | 35,300 GBP | -72% |
| Billing Coordinator | 43,500 GBP | -65% |
| Billing Specialist | 49,000 GBP | -61% |
| Billing Supervisor | 69,100 GBP | -45% |
| Bookkeeper | 30,700 GBP | -76% |
| Bookkeeping Specialist | 43,200 GBP | -66% |
| Budget Analyst | 82,700 GBP | -34% |
| Budget Manager | 92,500 GBP | -26% |
| Business Support Analyst | 54,600 GBP | -56% |
| Capital Markets Associate | 67,800 GBP | -46% |
| Cash Flow Analyst | 69,900 GBP | -44% |
| Cash Management Manager | 94,300 GBP | -25% |
| Cash Management Officer | 51,100 GBP | -59% |
| Cashbook Clerk | 30,400 GBP | -76% |
| Chartered Accountant | 58,600 GBP | -53% |
| Chief Accountant | 67,700 GBP | -46% |
| Chief Financial Technology Officer | 100,000 GBP | -20% |
| Collections Clerk | 28,600 GBP | -77% |
| Collections Representative | 39,400 GBP | -69% |
| Collections Specialist | 49,500 GBP | -61% |
| Corporate Controller | 76,300 GBP | -39% |
| Corporate Treasurer | 92,800 GBP | -26% |
| Cost Accountant | 46,200 GBP | -63% |
| Cost Accounting Manager | 90,000 GBP | -28% |
| Cost Accounting Supervisor | 71,300 GBP | -43% |
| Cost Analyst | 74,500 GBP | -41% |
| Credit and Collection Manager | 89,600 GBP | -29% |
| Credit and Collection Staff | 34,500 GBP | -72% |
| Credit and Loans Officer | 34,800 GBP | -72% |
| Credit Controller | 64,100 GBP | -49% |
| Credit Manager | 93,700 GBP | -25% |
| Debt Adviser | 79,400 GBP | -37% |
| Debt Collector | 36,100 GBP | -71% |
| Debtors Clerk | 31,300 GBP | -75% |
| Debtors Controller | 34,300 GBP | -73% |
| Deputy CFO | 131,000 GBP |  +4% |
| Deputy Head of Finance | 126,000 GBP | +0% |
| Derivative Trader | 81,000 GBP | -35% |
| Director of Finance | 136,000 GBP | +8% |
| E-commerce Accountant | 50,300 GBP | -60% |
| Economist | 107,000 GBP | -15% |
| Equity Analyst | 85,800 GBP | -32% |
| Escrow Assistant | 41,400 GBP | -67% |
| Executive Accountant | 50,100 GBP | -60% |
| External Auditor | 65,800 GBP | -48% |
| Finance Administrator | 53,300 GBP | -58% |
| Finance Analyst | 80,600 GBP | -36% |
| Finance Associate | 41,000 GBP | -67% |
| Finance Data Analyst | 76,500 GBP | -39% |
| Finance Director | 143,000 GBP | +14% |
| Finance Executive | 99,800 GBP | -20% |
| Finance Licensing Clerk | 31,800 GBP | -75% |
| Finance Licensing Manager | 87,000 GBP | -31% |
| Finance Licensing Specialist | 50,800 GBP | -60% |
| Finance Manager | 127,000 GBP | +1% |
| Finance Officer | 43,500 GBP | -65% |
| Finance President | 138,000 GBP | +10% |
| Finance Relationship Manager | 103,000 GBP | -18% |
| Finance Release Analyst | 53,500 GBP | -57% |
| Finance Specialist | 77,400 GBP | -38% |
| Finance Team Leader | 108,000 GBP | -14% |
| Financial Accountant | 46,100 GBP | -63% |
| Financial Actuary | 73,200 GBP | -42% |
| Financial Administrator | 72,900 GBP | -42% |
| Financial Advisor | 87,500 GBP | -30% |
| Financial Analyst | 79,600 GBP | -37% |
| Financial Applications Specialist | 59,700 GBP | -52% |
| Financial Assistant | 35,900 GBP | -71% |
| Financial Associate | 43,000 GBP | -66% |
| Financial Claims Analyst | 64,000 GBP | -49% |
| Financial Claims Manager | 78,900 GBP | -37% |
| Financial Claims Supervisor | 75,700 GBP | -40% |
| Financial Clerk | 35,600 GBP | -72% |
| Financial Commercial Analyst | 66,000 GBP | -47% |
| Financial Compliance Analyst | 71,700 GBP | -43% |
| Financial Compliance Officer | 69,900 GBP | -44% |
| Financial Consultant | 61,500 GBP | -51% |
| Financial Controller | 73,000 GBP | -42% |
| Financial Coordinator | 43,800 GBP | -65% |
| Financial Customer Service Manager | 84,900 GBP | -32% |
| Financial Data Scientist | 84,800 GBP | -32% |
| Financial Dealer and Broker | 51,200 GBP | -59% |
| Financial Director | 139,000 GBP | +11% |
| Financial Encoder | 39,200 GBP | -69% |
| Financial Manager | 125,000 GBP | -0% |
| Financial Modelling Analyst | 84,500 GBP | -33% |
| Financial Operations Manager | 113,000 GBP | -10% |
| Financial Policy Analyst | 69,500 GBP | -45% |
| Financial Project Manager | 93,400 GBP | -26% |
| Financial Quantitative Analyst | 82,600 GBP | -34% |
| Financial Reporting Consultant | 64,700 GBP | -48% |
| Financial Reporting Manager | 85,700 GBP | -32% |
| Financial Section Head | 91,500 GBP | -27% |
| Financial Services Manager | 118,000 GBP | -6% |
| Financial Services Sales Agent | 51,100 GBP | -59% |
| Financial Technology Consultant | 76,200 GBP | -39% |
| Financial Wellness Coach | 92,800 GBP | -26% |
| FinTech Analyst | 80,400 GBP | -36% |
| Fixed Assets Administrator | 46,100 GBP | -63% |
| Forensic Accountant | 51,900 GBP | -59% |
| Fraud Detection Supervisor | 59,000 GBP | -53% |
| Fraud Prevention Manager | 91,100 GBP | -27% |
| Fund Accountant | 44,100 GBP | -65% |
| Grants Coordinator | 32,900 GBP | -74% |
| Green Finance Analyst | 69,600 GBP | -45% |
| Group Financial Manager | 129,000 GBP | +3% |
| Internal Auditor | 64,800 GBP | -48% |
| Internal Control Adviser | 75,300 GBP | -40% |
| Internal Control Officer | 38,900 GBP | -69% |
| International Tax Director | 111,000 GBP | -12% |
| Inventory Accountant | 47,300 GBP | -62% |
| Investment Advisor | 127,000 GBP | +1% |
| Investment Analyst | 87,600 GBP | -30% |
| Investment Associate | 80,300 GBP | -36% |
| Investment Broker | 76,900 GBP | -39% |
| Investment Fund Manager | 99,600 GBP | -21% |
| Investment Operations Manager | 105,000 GBP | -16% |
| Investment Underwriter | 39,200 GBP | -69% |
| Investor | 58,100 GBP | -54% |
| Investor Relations Manager | 93,400 GBP | -26% |
| KYC Team Leader | 91,100 GBP | -27% |
| Loan Processor | 39,500 GBP | -69% |
| Management Accountant | 53,600 GBP | -57% |
| Management Economist | 108,000 GBP | -14% |
| Paymaster | 36,900 GBP | -71% |
| Payroll Administrator | 63,700 GBP | -49% |
| Payroll Benefits Coordinator | 50,100 GBP | -60% |
| Payroll Billing Manager | 85,500 GBP | -32% |
| Payroll Clerk | 39,300 GBP | -69% |
| Payroll Manager | 85,100 GBP | -32% |
| Payroll Officer | 42,000 GBP | -67% |
| Payroll Specialist | 46,900 GBP | -63% |
| Payroll Supervisor | 61,200 GBP | -51% |
| Pensions Administrator | 49,100 GBP | -61% |
| Personal Financial Advisor | 68,200 GBP | -46% |
| Pricing Analyst | 77,200 GBP | -38% |
| Private Equity Analyst | 84,800 GBP | -32% |
| Project Accountant | 50,100 GBP | -60% |
| Proposal Development Coordinator | 41,300 GBP | -67% |
| Quantitative Trader | 64,600 GBP | -49% |
| Receivables Accountant | 40,700 GBP | -68% |
| Regulatory Accountant | 48,200 GBP | -62% |
| Retirement Plan Analyst | 76,300 GBP | -39% |
| Revenue Management Specialist | 74,100 GBP | -41% |
| Revenue Recognition Analyst | 87,500 GBP | -30% |
| Risk Management Director | 107,000 GBP | -15% |
| Risk Management Supervisor | 90,800 GBP | -28% |
| Staff Accountant | 45,700 GBP | -64% |
| Tax Accountant | 42,700 GBP | -66% |
| Tax Administrator | 48,300 GBP | -61% |
| Tax Advisor | 70,300 GBP | -44% |
| Tax Analyst | 72,500 GBP | -42% |
| Tax Associate | 39,600 GBP | -68% |
| Tax Consultant | 70,500 GBP | -44% |
| Tax Director | 106,000 GBP | -16% |
| Tax Examiner | 50,400 GBP | -60% |
| Tax Manager | 96,600 GBP | -23% |
| Tax Research Manager | 90,100 GBP | -28% |
| Teller | 27,100 GBP | -78% |
| Treasury Accountant | 48,300 GBP | -61% |
| Treasury Analyst | 77,000 GBP | -39% |
| Underwriter | 31,800 GBP | -75% |
| Underwriting Assistant | 30,800 GBP | -75% |
| Vice President of Finance | 131,000 GBP | +4% |
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 United Kingdom is 4% on average across all career fields.
| Private Sector | 69,700 GBP | |
| Public Sector | +4% | 72,800 GBP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Manager in Northern Ireland?
A good and competitive compensation would range anywhere between 115,000 GBP and 131,000 GBP. 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 Manager in Northern Ireland ranges from 64,000 GBP to 95,000 GBP. 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
