A person working as Finance Manager in Sao Paulo typically earns around 19,200 BRL. Salaries range from 8,830 BRL (lowest) to 30,500 BRL (highest).
This is the average salary including housing, transport, and other benefits. Finance Manager salaries in Sao Paulo vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 8,830 BRL |
Median 18,300 BRL |
Maximum 30,500 BRL |
Salaries for the position Finance Manager in Sao Paulo range from 8,830 BRL (starting salary) to 30,500 BRL (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.
With a median salary of 18,300 BRL, half of the professionals who work as Finance Manager in Sao Paulo 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.
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 Finance Manager in Sao Paulo earn less than 14,800 BRL, while 75% earn more. Similarly, the chart shows that 75% earn less than 21,100 BRL while 25% earn more.
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 Finance Manager in Sao Paulo compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 11,000 BRL to 16,000 BRL. About 20% of salaries are below the 11,000 BRL mark, while 10% fall within the range of 16,000 BRL to 18,200 BRL. Only 5% of individuals have salaries exceeding 18,200 BRL.
0 - 2 Years | 10,000 BRL | |
2 - 5 Years | +34% | 13,400 BRL |
5 - 10 Years | +48% | 19,800 BRL |
10 - 15 Years | +22% | 24,100 BRL |
15 - 20 Years | +9% | 26,300 BRL |
20+ Years | +8% | 28,500 BRL |
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 Finance Manager and this is what we found.
Employees with less than two years of experience earn approximately 10,000 BRL.
While someone with an experience level between two and five years is expected to earn 13,400 BRL, 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 19,800 BRL, 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 24,100 BRL, 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 26,300 BRL, 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 28,500 BRL, 8% more than people with fifteen to twenty years of experience.
Certificate or Diploma | 11,400 BRL | |
Bachelor's Degree | +57% | 17,900 BRL |
Master's Degree | +68% | 30,100 BRL |
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 Finance Manager in order to make a comparison.
Employees at this education level have an average salary of 11,400 BRL.
At this level, the average salary becomes 17,900 BRL, 57% more than the previous level.
At this level, the average salary becomes 30,100 BRL, 68% more than the previous level.
A Master's degree program or any post-graduate program in Brazil costs anywhere from 43,000 BRL to 129,000 BRL 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.
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 Finance Manager in Brazil, the average difference between the salary of male and female employees is 16%.
Male | 18,800 BRL | |
Female | -14% | 16,200 BRL |
Individuals working as Finance Manager in Brazil 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 16 months.
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.
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
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.
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% |
The 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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Finance Manager in Sao Paulo is 51 BRL. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Accounting and Finance | -100% | |
Account Examiner | 4,990 BRL | -74% |
Account Executive | 8,550 BRL | -55% |
Accountant | 6,960 BRL | -64% |
Accounting Analyst | 8,270 BRL | -57% |
Accounting Assistant | 5,240 BRL | -73% |
Accounting Associate | 5,050 BRL | -74% |
Accounting Clerk | 4,190 BRL | -78% |
Accounting Coordinator | 5,990 BRL | -69% |
Accounting Head | 13,500 BRL | -30% |
Accounting Manager | 14,800 BRL | -23% |
Accounting Officer | 5,300 BRL | -72% |
Accounting Specialist | 9,310 BRL | -52% |
Accounting Supervisor | 9,840 BRL | -49% |
Accounting Technician | 4,900 BRL | -74% |
Accounting Unit Controller | 12,000 BRL | -37% |
Accounts Executive | 8,900 BRL | -54% |
Accounts Officer | 5,160 BRL | -73% |
Accounts Payable and Receivable Specialist | 6,700 BRL | -65% |
Accounts Payable Assistant | 5,300 BRL | -72% |
Accounts Payable Associate | 6,130 BRL | -68% |
Accounts Payable Clerk | 4,990 BRL | -74% |
Accounts Payable Manager | 14,100 BRL | -27% |
Accounts Receivable Administrator | 10,000 BRL | -48% |
Accounts Receivable Clerk | 5,090 BRL | -73% |
Accounts Receivable Financial Analyst | 9,990 BRL | -48% |
Accounts Receivable Manager | 12,800 BRL | -33% |
Accounts Receivable Team Leader | 10,000 BRL | -48% |
Algorithmic Trading Specialist | 11,600 BRL | -40% |
Assistant Accountant | 5,450 BRL | -72% |
Assistant Accounting Manager | 12,500 BRL | -35% |
Assistant Auditor | 7,110 BRL | -63% |
Assistant Corporate Controller | 9,310 BRL | -52% |
Assistant Finance Manager | 14,800 BRL | -23% |
Assistant Financial Controller | 9,680 BRL | -50% |
Audit Director | 15,700 BRL | -18% |
Audit Supervisor | 12,000 BRL | -37% |
Auditing Clerk | 5,160 BRL | -73% |
Auditing Manager | 14,300 BRL | -26% |
Billing Clerk | 5,240 BRL | -73% |
Billing Coordinator | 6,000 BRL | -69% |
Billing Specialist | 7,130 BRL | -63% |
Billing Supervisor | 10,300 BRL | -46% |
Bookkeeper | 4,690 BRL | -76% |
Bookkeeping Specialist | 6,680 BRL | -65% |
Budget Analyst | 11,800 BRL | -39% |
Budget Manager | 13,500 BRL | -30% |
Business Support Analyst | 8,020 BRL | -58% |
Capital Markets Associate | 10,100 BRL | -47% |
Cash Flow Analyst | 10,500 BRL | -45% |
Cash Management Manager | 13,300 BRL | -31% |
Cash Management Officer | 8,170 BRL | -57% |
Cashbook Clerk | 4,750 BRL | -75% |
Chartered Accountant | 8,730 BRL | -55% |
Chief Accountant | 10,200 BRL | -47% |
Chief Financial Technology Officer | 13,700 BRL | -29% |
Collections Clerk | 4,130 BRL | -78% |
Collections Representative | 5,840 BRL | -70% |
Collections Specialist | 6,980 BRL | -64% |
Corporate Controller | 10,500 BRL | -45% |
Corporate Treasurer | 13,100 BRL | -32% |
Cost Accountant | 6,630 BRL | -65% |
Cost Accounting Manager | 13,000 BRL | -32% |
Cost Accounting Supervisor | 10,600 BRL | -45% |
Cost Analyst | 11,100 BRL | -42% |
Credit and Collection Manager | 13,100 BRL | -32% |
Credit and Collection Staff | 5,240 BRL | -73% |
Credit and Loans Officer | 4,850 BRL | -75% |
Credit Controller | 9,840 BRL | -49% |
Credit Manager | 14,800 BRL | -23% |
Debt Adviser | 11,600 BRL | -40% |
Debt Collector | 5,420 BRL | -72% |
Debtors Clerk | 4,730 BRL | -75% |
Debtors Controller | 5,300 BRL | -72% |
Deputy CFO | 18,400 BRL | -4% |
Deputy Head of Finance | 18,800 BRL | -2% |
Derivative Trader | 12,300 BRL | -36% |
Director of Finance | 21,000 BRL | +9% |
E-commerce Accountant | 7,130 BRL | -63% |
Economist | 16,300 BRL | -15% |
Equity Analyst | 12,400 BRL | -35% |
Escrow Assistant | 6,110 BRL | -68% |
Executive Accountant | 7,550 BRL | -61% |
External Auditor | 9,210 BRL | -52% |
Finance Administrator | 8,160 BRL | -57% |
Finance Analyst | 11,900 BRL | -38% |
Finance Associate | 5,840 BRL | -70% |
Finance Data Analyst | 11,100 BRL | -42% |
Finance Director | 21,000 BRL | +9% |
Finance Executive | 14,000 BRL | -27% |
Finance Licensing Clerk | 4,850 BRL | -75% |
Finance Licensing Manager | 13,600 BRL | -29% |
Finance Licensing Specialist | 7,420 BRL | -61% |
Finance Manager | 19,200 BRL | +0% |
Finance Officer | 6,810 BRL | -65% |
Finance President | 21,000 BRL | +9% |
Finance Relationship Manager | 16,200 BRL | -16% |
Finance Release Analyst | 8,170 BRL | -57% |
Finance Specialist | 10,900 BRL | -43% |
Finance Team Leader | 15,000 BRL | -22% |
Financial Accountant | 7,110 BRL | -63% |
Financial Actuary | 10,500 BRL | -45% |
Financial Administrator | 11,600 BRL | -40% |
Financial Advisor | 12,700 BRL | -34% |
Financial Analyst | 12,900 BRL | -33% |
Financial Applications Specialist | 8,580 BRL | -55% |
Financial Assistant | 5,300 BRL | -72% |
Financial Associate | 6,410 BRL | -67% |
Financial Claims Analyst | 8,860 BRL | -54% |
Financial Claims Manager | 12,500 BRL | -35% |
Financial Claims Supervisor | 11,100 BRL | -42% |
Financial Clerk | 5,130 BRL | -73% |
Financial Commercial Analyst | 10,300 BRL | -46% |
Financial Compliance Analyst | 10,600 BRL | -45% |
Financial Compliance Officer | 10,400 BRL | -46% |
Financial Consultant | 9,160 BRL | -52% |
Financial Controller | 11,100 BRL | -42% |
Financial Coordinator | 6,410 BRL | -67% |
Financial Customer Service Manager | 12,500 BRL | -35% |
Financial Data Scientist | 13,000 BRL | -32% |
Financial Dealer and Broker | 7,270 BRL | -62% |
Financial Director | 19,400 BRL | +1% |
Financial Encoder | 6,050 BRL | -68% |
Financial Manager | 18,800 BRL | -2% |
Financial Modelling Analyst | 12,000 BRL | -37% |
Financial Operations Manager | 18,200 BRL | -5% |
Financial Policy Analyst | 10,600 BRL | -45% |
Financial Project Manager | 13,500 BRL | -30% |
Financial Quantitative Analyst | 12,300 BRL | -36% |
Financial Reporting Consultant | 10,300 BRL | -46% |
Financial Reporting Manager | 13,100 BRL | -32% |
Financial Section Head | 13,100 BRL | -32% |
Financial Services Manager | 18,200 BRL | -5% |
Financial Services Sales Agent | 7,260 BRL | -62% |
Financial Technology Consultant | 11,200 BRL | -42% |
Financial Wellness Coach | 14,000 BRL | -27% |
FinTech Analyst | 11,300 BRL | -41% |
Fixed Assets Administrator | 7,410 BRL | -61% |
Forensic Accountant | 8,160 BRL | -57% |
Fraud Detection Supervisor | 8,090 BRL | -58% |
Fraud Prevention Manager | 14,200 BRL | -26% |
Fund Accountant | 6,410 BRL | -67% |
Grants Coordinator | 5,190 BRL | -73% |
Green Finance Analyst | 10,600 BRL | -45% |
Group Financial Manager | 20,400 BRL | +6% |
Internal Auditor | 9,350 BRL | -51% |
Internal Control Adviser | 10,300 BRL | -46% |
Internal Control Officer | 6,080 BRL | -68% |
International Tax Director | 15,900 BRL | -17% |
Inventory Accountant | 7,410 BRL | -61% |
Investment Advisor | 19,100 BRL | -1% |
Investment Analyst | 13,500 BRL | -30% |
Investment Associate | 11,500 BRL | -40% |
Investment Broker | 11,000 BRL | -43% |
Investment Fund Manager | 14,700 BRL | -23% |
Investment Operations Manager | 15,600 BRL | -19% |
Investment Underwriter | 5,940 BRL | -69% |
Investor | 8,870 BRL | -54% |
Investor Relations Manager | 13,300 BRL | -31% |
KYC Team Leader | 13,200 BRL | -31% |
Loan Processor | 5,440 BRL | -72% |
Management Accountant | 7,940 BRL | -59% |
Management Economist | 15,400 BRL | -20% |
Paymaster | 5,750 BRL | -70% |
Payroll Administrator | 8,650 BRL | -55% |
Payroll Benefits Coordinator | 7,720 BRL | -60% |
Payroll Billing Manager | 12,300 BRL | -36% |
Payroll Clerk | 6,080 BRL | -68% |
Payroll Manager | 12,300 BRL | -36% |
Payroll Officer | 6,200 BRL | -68% |
Payroll Specialist | 7,130 BRL | -63% |
Payroll Supervisor | 9,080 BRL | -53% |
Pensions Administrator | 6,980 BRL | -64% |
Personal Financial Advisor | 9,980 BRL | -48% |
Pricing Analyst | 11,100 BRL | -42% |
Private Equity Analyst | 12,600 BRL | -34% |
Project Accountant | 7,270 BRL | -62% |
Proposal Development Coordinator | 5,860 BRL | -69% |
Quantitative Trader | 9,820 BRL | -49% |
Receivables Accountant | 6,200 BRL | -68% |
Regulatory Accountant | 7,790 BRL | -59% |
Retirement Plan Analyst | 10,500 BRL | -45% |
Revenue Management Specialist | 11,600 BRL | -40% |
Revenue Recognition Analyst | 13,200 BRL | -31% |
Risk Management Director | 16,100 BRL | -16% |
Risk Management Supervisor | 14,100 BRL | -27% |
Staff Accountant | 6,540 BRL | -66% |
Tax Accountant | 6,340 BRL | -67% |
Tax Administrator | 7,720 BRL | -60% |
Tax Advisor | 10,500 BRL | -45% |
Tax Analyst | 10,000 BRL | -48% |
Tax Associate | 6,050 BRL | -68% |
Tax Consultant | 11,100 BRL | -42% |
Tax Director | 15,500 BRL | -19% |
Tax Examiner | 7,420 BRL | -61% |
Tax Manager | 14,000 BRL | -27% |
Tax Research Manager | 13,400 BRL | -30% |
Teller | 4,150 BRL | -78% |
Treasury Accountant | 7,220 BRL | -62% |
Treasury Analyst | 10,900 BRL | -43% |
Underwriter | 4,610 BRL | -76% |
Underwriting Assistant | 4,600 BRL | -76% |
Vice President of Finance | 18,000 BRL | -6% |
City | Average Salary |
Brasilia | 19,100 BRL |
Rio de Janeiro | 20,200 BRL |
Sao Paulo | 19,200 BRL |
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 Brazil is 6% on average across all career fields.
Private Sector | 8,360 BRL | |
Public Sector | +6% | 8,880 BRL |
A good and competitive compensation would range anywhere between 18,300 BRL and 21,100 BRL. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Finance Manager in Sao Paulo ranges from 8,830 BRL to 14,800 BRL. 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.
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
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