Chief Financial Officer Average Salary in Rome 2024
How much money does a person working as Chief Financial Officer make in Rome?
LOW
4,660
EUR AVERAGE
8,960
EUR HIGH
13,700
EUR
A person working as Chief Financial Officer in Rome typically earns around 8,960 EUR. Salaries range from 4,660 EUR (lowest) to 13,700 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Chief Financial Officer salaries in Rome vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Financial Officer Pay Scale and Salaries in Rome
Salary Structure and Pay Scale Comparison
8,110 EUR or more
7,220 to 8,110 EUR
5,270 EUR or less
5,270 to 7,220 EUR
 4,660 EUR |
8,150 EUR |
13,700 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 Chief Financial Officer in Rome range from 4,660 EUR (starting salary) to 13,700 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 8,150 EUR, half of the professionals who work as Chief Financial Officer in Rome 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 Chief Financial Officer in Rome earn less than 6,760 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 9,240 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 Chief Financial Officer in Rome compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 5,270 EUR to 7,220 EUR. About 20% of salaries are below the 5,270 EUR mark, while 10% fall within the range of 7,220 EUR to 8,110 EUR. Only 5% of individuals have salaries exceeding 8,110 EUR.
Salary Comparison by Years of Experience / Chief Financial Officer / Rome
How do experience and age affect pay?
| 0 - 2 Years | 5,290 EUR | |
| 2 - 5 Years | +34% | 7,100 EUR |
| 5 - 10 Years | +30% | 9,230 EUR |
| 10 - 15 Years | +21% | 11,200 EUR |
| 15 - 20 Years | +9% | 12,200 EUR |
| 20+ Years | +5% | 12,800 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 Chief Financial Officer and this is what we found.
Employees with less than two years of experience earn approximately 5,290 EUR.
While someone with an experience level between two and five years is expected to earn 7,100 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 9,230 EUR, 30% 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 11,200 EUR, 21% 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 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 12,800 EUR, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Chief Financial Officer / Rome
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Chief Financial Officer.
| High School | 6,380 EUR | |
| Certificate or Diploma | +14% | 7,280 EUR |
| Bachelor's Degree | +41% | 10,300 EUR |
| Master's Degree | +21% | 12,400 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 Chief Financial Officer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 6,380 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 7,280 EUR, 14% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 10,300 EUR, 41% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 12,400 EUR, 21% 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 Italy costs anywhere from 18,300 EUR to 54,900 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 / Chief Financial Officer / Rome
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 Chief Financial Officer in Italy, the average difference between the salary of male and female employees is 6%.
| Male | 8,280 EUR | |
| Female | -5% | 7,840 EUR |
Salary Comparison By Gender in Italy for all Careers
Average Annual Salary Increment Percentage / Chief Financial Officer / Rome
How much are annual salary increments in Rome for individuals working as Chief Financial Officer? How often do employees get salary raises?
Individuals working as Chief Financial Officer in Italy 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 17 months.
Italy / 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 / Chief Financial Officer / Italy
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 / Chief Financial Officer / Rome
52 EUR per hourThe average hourly wage (pay per hour) for individuals working as Chief Financial Officer in Rome is 52 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 Chief Financial Officer in Rome is 27 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 |
| Executive and Management |  -100% | |
| Account Coordinator | 4,090 EUR | -54% |
| Account Director | 4,750 EUR | -47% |
| Account Executive | 4,990 EUR | -44% |
| Account Manager | 4,680 EUR | -48% |
| Administration Manager | 4,590 EUR | -49% |
| Administration Officer | 2,380 EUR | -73% |
| Administration Supervisor | 4,010 EUR | -55% |
| Administrative Clerk | 1,780 EUR | -80% |
| Administrative Officer | 1,870 EUR | -79% |
| Area Director | 4,560 EUR | -49% |
| Area Manager | 4,570 EUR | -49% |
| Asset Protection Associate | 4,880 EUR | -46% |
| Assistant Director | 4,870 EUR | -46% |
| Assistant General Manager | 4,980 EUR | -44% |
| Assistant Manager | 5,100 EUR | -43% |
| Assistant Managing Director | 5,870 EUR | -34% |
| Assistant Operations Manager | 5,410 EUR | -40% |
| Assistant Project Manager | 4,980 EUR | -44% |
| Assistant Section Head | 3,910 EUR | -56% |
| Assistant to CEO | 4,360 EUR | -51% |
| Assistant Vice President | 4,990 EUR | -44% |
| Associate Account Director | 4,950 EUR | -45% |
| Associate Director | 5,120 EUR | -43% |
| Bid Manager | 5,570 EUR | -38% |
| Branch Manager | 5,550 EUR | -38% |
| Business Development Manager | 5,850 EUR | -35% |
| Business Operations Associate | 4,730 EUR | -47% |
| Business Operations Lead | 5,250 EUR | -41% |
| Campaign Manager | 5,580 EUR | -38% |
| Catering Coordinator | 2,910 EUR | -68% |
| Catering Manager | 4,840 EUR | -46% |
| CEO | 9,710 EUR |  +8% |
| Chairman of The Board | 9,290 EUR | +4% |
| Chairman Office Manager | 5,940 EUR | -34% |
| Chief Commercial Officer | 6,790 EUR | -24% |
| Chief Corporate Officer | 7,930 EUR | -11% |
| Chief Digital Officer | 6,270 EUR | -30% |
| Chief Digital Strategy Officer | 6,880 EUR | -23% |
| Chief Digital Transformation Officer | 6,260 EUR | -30% |
| Chief Ethics Officer | 5,960 EUR | -33% |
| Chief Executive Officer | 9,450 EUR | +6% |
| Chief Financial Officer | 8,960 EUR | +0% |
| Chief Investment Officer | 6,990 EUR | -22% |
| Chief of Staff | 4,540 EUR | -49% |
| Chief Operating Officer | 6,890 EUR | -23% |
| Chief Privacy Officer | 5,700 EUR | -36% |
| Chief Resilience Officer | 7,170 EUR | -20% |
| Chief Risk Officer | 6,130 EUR | -32% |
| Chief Strategy Officer | 7,390 EUR | -17% |
| Chief Trust and Safety Officer | 5,920 EUR | -34% |
| Client Account Manager | 5,620 EUR | -37% |
| Client Accounts Officer | 4,600 EUR | -49% |
| Client Services Manager | 6,160 EUR | -31% |
| Commercial Director | 6,210 EUR | -31% |
| Commercial Manager | 5,500 EUR | -39% |
| Commercial Project Manager | 4,890 EUR | -45% |
| Commodity Broker | 3,960 EUR | -56% |
| COO | 7,090 EUR | -21% |
| Corporate Affairs Executive | 5,730 EUR | -36% |
| Corporate Compliance Director | 5,810 EUR | -35% |
| Corporate Director | 6,580 EUR | -27% |
| Corporate Officer | 4,490 EUR | -50% |
| Corporate Partnerships Officer | 4,530 EUR | -49% |
| Country Manager | 7,430 EUR | -17% |
| Department Head | 5,840 EUR | -35% |
| Department Manager | 5,680 EUR | -37% |
| Department Supervisor | 4,770 EUR | -47% |
| Deputy Director | 6,610 EUR | -26% |
| Deputy Manager | 6,500 EUR | -27% |
| Director | 7,480 EUR | -16% |
| Director of Accreditation | 6,030 EUR | -33% |
| Director of Catering Services | 5,830 EUR | -35% |
| Director of Client Services | 5,730 EUR | -36% |
| Director of Facilities Management | 5,200 EUR | -42% |
| Director of Operations | 6,340 EUR | -29% |
| Director of Process Simplification | 4,770 EUR | -47% |
| Director of Product Management | 6,440 EUR | -28% |
| Director of Project Management | 6,760 EUR | -25% |
| Director of Revenue Management | 5,690 EUR | -36% |
| Director of Training and Development | 5,780 EUR | -35% |
| Distribution Manager | 6,650 EUR | -26% |
| Division Manager | 5,590 EUR | -38% |
| Duty Manager | 5,600 EUR | -37% |
| Engagement Manager | 6,850 EUR | -24% |
| Executive Director | 9,320 EUR | +4% |
| Executive Manager | 7,770 EUR | -13% |
| Franchise Manager | 7,660 EUR | -14% |
| General Manager | 7,170 EUR | -20% |
| Generational Consultant | 4,930 EUR | -45% |
| Global Master Data Manager | 6,280 EUR | -30% |
| Global Technical Lead | 4,250 EUR | -53% |
| Head of Investment | 6,390 EUR | -29% |
| Head of Middle Office | 6,070 EUR | -32% |
| Head of Projects | 6,490 EUR | -28% |
| Head of Strategy | 6,920 EUR | -23% |
| Head of Supply Chain | 5,490 EUR | -39% |
| Head of Sustainability | 5,420 EUR | -39% |
| Housing Manager | 4,990 EUR | -44% |
| HSE Manager | 5,220 EUR | -42% |
| Innovation Manager | 5,060 EUR | -44% |
| Key Account Manager | 5,240 EUR | -41% |
| Knowledge Manager | 5,780 EUR | -35% |
| Location Manager | 5,910 EUR | -34% |
| Logistics Executive | 4,870 EUR | -46% |
| Logistics Manager | 4,780 EUR | -47% |
| Management Consultant | 4,730 EUR | -47% |
| Management Executive | 6,540 EUR | -27% |
| Manager | 5,980 EUR | -33% |
| Managing Director | 7,720 EUR | -14% |
| MIS Executive | 5,950 EUR | -34% |
| Ocean Services Manager | 6,270 EUR | -30% |
| Online Business Manager | 8,480 EUR | -5% |
| Operational Manager | 6,760 EUR | -25% |
| Operations Analyst | 5,340 EUR | -40% |
| Operations Assistant | 4,630 EUR | -48% |
| Operations Director | 7,220 EUR | -19% |
| Operations Executive | 6,740 EUR | -25% |
| Operations Manager | 7,190 EUR | -20% |
| Operations Supervisor | 5,630 EUR | -37% |
| Planning Director | 6,630 EUR | -26% |
| PMO Manager | 5,600 EUR | -37% |
| Policy Administration Executive | 5,340 EUR | -40% |
| Private Sector Executive | 5,460 EUR | -39% |
| Product Development Manager | 6,220 EUR | -31% |
| Product Executive | 5,650 EUR | -37% |
| Production Executive | 6,150 EUR | -31% |
| Production Manager | 6,060 EUR | -32% |
| Production Supervisor | 5,200 EUR | -42% |
| Program Director | 6,640 EUR | -26% |
| Program Manager | 6,560 EUR | -27% |
| Programme Coordinator | 4,290 EUR | -52% |
| Project Control Manager | 6,740 EUR | -25% |
| Project Coordinator | 3,680 EUR | -59% |
| Project Management Officer | 4,370 EUR | -51% |
| Project Manager | 4,920 EUR | -45% |
| Project Portfolio Manager | 4,800 EUR | -46% |
| Quality Manager | 5,160 EUR | -42% |
| R/D Director | 5,630 EUR | -37% |
| Regional Director | 8,550 EUR | -5% |
| Regional Manager | 6,440 EUR | -28% |
| Relationship Manager | 6,000 EUR | -33% |
| Retail District Manager | 4,640 EUR | -48% |
| Revenue Manager | 4,710 EUR | -47% |
| Risk and Capital Manager | 7,200 EUR | -20% |
| Risk Officer | 4,690 EUR | -48% |
| Safety Manager | 4,820 EUR | -46% |
| Section Head | 4,610 EUR | -49% |
| Service Manager | 5,090 EUR | -43% |
| Shift Supervisor | 3,840 EUR | -57% |
| Solutions Manager | 4,270 EUR | -52% |
| Supervisor | 4,010 EUR | -55% |
| Supply Chain Manager | 6,840 EUR | -24% |
| Surveyor | 4,230 EUR | -53% |
| Technical Director | 5,880 EUR | -34% |
| Technical Manager | 5,880 EUR | -34% |
| Territory Manager | 6,050 EUR | -32% |
| Validation Manager | 5,460 EUR | -39% |
| Vice President | 7,650 EUR | -15% |
| Zone Manager | 6,420 EUR | -28% |
Salary Comparison By City
| City | Average Salary |
| Milano | 8,420 EUR |
| Rome | 8,960 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 Italy is 5% on average across all career fields.
| Private Sector | 3,560 EUR | |
| Public Sector | +5% | 3,750 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Chief Financial Officer in Rome?
A good and competitive compensation would range anywhere between 8,150 EUR and 9,240 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 Chief Financial Officer in Rome ranges from 4,660 EUR to 6,760 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
