Financial Analyst Average Salary in Seoul 2024
How much money does a person working as Financial Analyst make in Seoul?
LOW
2,750,000
KRW AVERAGE
5,490,000
KRW HIGH
8,510,000
KRW
A person working as Financial Analyst in Seoul typically earns around 5,490,000 KRW. Salaries range from 2,750,000 KRW (lowest) to 8,510,000 KRW (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Analyst salaries in Seoul vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Analyst Pay Scale and Salaries in Seoul
/seoul/accounting-and-finance/financial-analyst/median-and-salary-distribution-monthly-seoul-financial-analyst.jpg "Median and salary distribution Seoul Financial Analyst monthly")
Salary Structure and Pay Scale Comparison
5,050,000 KRW or more
4,480,000 to 5,050,000 KRW
3,210,000 KRW or less
3,210,000 to 4,480,000 KRW
 2,750,000 KRW |
5,080,000 KRW |
8,510,000 KRW |
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 Analyst in Seoul range from 2,750,000 KRW (starting salary) to 8,510,000 KRW (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 5,080,000 KRW, half of the professionals who work as Financial Analyst in Seoul 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 Analyst in Seoul earn less than 4,170,000 KRW, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,790,000 KRW 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 Analyst in Seoul compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,210,000 KRW to 4,480,000 KRW. About 20% of salaries are below the 3,210,000 KRW mark, while 10% fall within the range of 4,480,000 KRW to 5,050,000 KRW. Only 5% of individuals have salaries exceeding 5,050,000 KRW.
Salary Comparison by Years of Experience / Financial Analyst / Seoul
How do experience and age affect pay?
| 0 - 2 Years | 3,290,000 KRW | |
| 2 - 5 Years | +32% | 4,360,000 KRW |
| 5 - 10 Years | +34% | 5,830,000 KRW |
| 10 - 15 Years | +19% | 6,960,000 KRW |
| 15 - 20 Years | +8% | 7,500,000 KRW |
| 20+ Years | +7% | 8,050,000 KRW |
/seoul/accounting-and-finance/financial-analyst/salary-comparison-by-years-of-experience-monthly-seoul-financial-analyst.jpg "Salary comparison by years of experience monthly Seoul Financial Analyst")
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 Analyst and this is what we found.
Employees with less than two years of experience earn approximately 3,290,000 KRW.
While someone with an experience level between two and five years is expected to earn 4,360,000 KRW, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 5,830,000 KRW, 34% 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 6,960,000 KRW, 19% 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 7,500,000 KRW, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 8,050,000 KRW, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Analyst / Seoul
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Analyst.
| High School | 4,130,000 KRW | |
| Certificate or Diploma | +14% | 4,710,000 KRW |
| Bachelor's Degree | +36% | 6,380,000 KRW |
| Master's Degree | +26% | 8,050,000 KRW |
/seoul/accounting-and-finance/financial-analyst/salary-comparison-by-education-level-monthly-seoul-financial-analyst.jpg "Salary comparison by education level monthly Seoul Financial Analyst")
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 Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 4,130,000 KRW.
Level 2: Certificate or Diploma
At this level, the average salary becomes 4,710,000 KRW, 14% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 6,380,000 KRW, 36% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 8,050,000 KRW, 26% 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 Korea (South) costs anywhere from 19,500,000 KRW to 58,500,000 KRW 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 Analyst / Seoul
/accounting-and-finance/financial-analyst/salary-comparison-by-gender-monthly-korea-(south)-financial-analyst.jpg "Salary comparison by gender Korea (South) Financial Analyst monthly")
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 Analyst in Korea (South), the average difference between the salary of male and female employees is 6%.
| Male | 5,430,000 KRW | |
| Female | -6% | 5,130,000 KRW |
Salary Comparison By Gender in Korea (South) for all Careers
/salary-comparison-by-gender-monthly-korea-(south).jpg "Salary comparison by gender monthly Korea (South)")
Average Annual Salary Increment Percentage / Financial Analyst / Seoul
How much are annual salary increments in Seoul for individuals working as Financial Analyst? How often do employees get salary raises?
Individuals working as Financial Analyst in Korea (South) 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.
/accounting-and-finance/financial-analyst/annual-salary-increment-rate-korea-(south)-financial-analyst.jpg "Annual Salary Increment Rate Korea (South) Financial Analyst")
Korea (South) / All Professions
/annual-salary-increment-rate-korea-(south).jpg "Annual Salary Increment Rate Korea (South)")
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 Analyst / Korea (South)
How much and how often are bonuses being awarded?/accounting-and-finance/financial-analyst/annual-salary-bonus-rate-korea-(south)-financial-analyst.jpg "Annual Salary Bonus Rate Korea (South) Financial Analyst")
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(south)/accounting-and-finance/financial-analyst/annual-salary-bonus-rate-korea-(south)-financial-analyst.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 Analyst / Seoul
31,700 KRW per hourThe average hourly wage (pay per hour) for individuals working as Financial Analyst in Seoul is 31,700 KRW.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 Analyst in Seoul is 15,800 KRW. 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 | 2,320,000 KRW | -58% |
| Account Executive | 3,810,000 KRW | -31% |
| Accountant | 2,990,000 KRW | -46% |
| Accounting Analyst | 3,760,000 KRW | -32% |
| Accounting Assistant | 2,420,000 KRW | -56% |
| Accounting Associate | 2,260,000 KRW | -59% |
| Accounting Clerk | 1,880,000 KRW | -66% |
| Accounting Coordinator | 2,790,000 KRW | -49% |
| Accounting Head | 6,030,000 KRW |  +10% |
| Accounting Manager | 6,490,000 KRW | +18% |
| Accounting Officer | 2,340,000 KRW | -57% |
| Accounting Specialist | 4,420,000 KRW | -20% |
| Accounting Supervisor | 4,180,000 KRW | -24% |
| Accounting Technician | 2,110,000 KRW | -62% |
| Accounting Unit Controller | 5,290,000 KRW | -4% |
| Accounts Executive | 3,850,000 KRW | -30% |
| Accounts Officer | 2,390,000 KRW | -56% |
| Accounts Payable and Receivable Specialist | 3,040,000 KRW | -45% |
| Accounts Payable Assistant | 2,560,000 KRW | -53% |
| Accounts Payable Associate | 2,950,000 KRW | -46% |
| Accounts Payable Clerk | 2,350,000 KRW | -57% |
| Accounts Payable Manager | 6,440,000 KRW | +17% |
| Accounts Receivable Administrator | 4,360,000 KRW | -21% |
| Accounts Receivable Clerk | 2,270,000 KRW | -59% |
| Accounts Receivable Financial Analyst | 4,570,000 KRW | -17% |
| Accounts Receivable Manager | 6,130,000 KRW | +12% |
| Accounts Receivable Team Leader | 4,700,000 KRW | -14% |
| Algorithmic Trading Specialist | 5,260,000 KRW | -4% |
| Assistant Accountant | 2,370,000 KRW | -57% |
| Assistant Accounting Manager | 6,020,000 KRW | +10% |
| Assistant Auditor | 2,990,000 KRW | -46% |
| Assistant Corporate Controller | 4,130,000 KRW | -25% |
| Assistant Finance Manager | 6,530,000 KRW | +19% |
| Assistant Financial Controller | 4,410,000 KRW | -20% |
| Audit Director | 7,110,000 KRW | +29% |
| Audit Supervisor | 5,560,000 KRW | +1% |
| Auditing Clerk | 2,390,000 KRW | -56% |
| Auditing Manager | 6,550,000 KRW | +19% |
| Billing Clerk | 2,270,000 KRW | -59% |
| Billing Coordinator | 2,810,000 KRW | -49% |
| Billing Specialist | 3,200,000 KRW | -42% |
| Billing Supervisor | 4,800,000 KRW | -13% |
| Bookkeeper | 2,140,000 KRW | -61% |
| Bookkeeping Specialist | 2,870,000 KRW | -48% |
| Budget Analyst | 5,220,000 KRW | -5% |
| Budget Manager | 6,470,000 KRW | +18% |
| Business Support Analyst | 3,370,000 KRW | -39% |
| Capital Markets Associate | 4,670,000 KRW | -15% |
| Cash Flow Analyst | 4,890,000 KRW | -11% |
| Cash Management Manager | 5,990,000 KRW | +9% |
| Cash Management Officer | 3,600,000 KRW | -34% |
| Cashbook Clerk | 2,190,000 KRW | -60% |
| Chartered Accountant | 4,130,000 KRW | -25% |
| Chief Accountant | 4,680,000 KRW | -15% |
| Chief Financial Technology Officer | 6,600,000 KRW | +20% |
| Collections Clerk | 1,890,000 KRW | -66% |
| Collections Representative | 2,740,000 KRW | -50% |
| Collections Specialist | 3,190,000 KRW | -42% |
| Corporate Controller | 4,970,000 KRW | -10% |
| Corporate Treasurer | 5,980,000 KRW | +9% |
| Cost Accountant | 3,040,000 KRW | -45% |
| Cost Accounting Manager | 6,420,000 KRW | +17% |
| Cost Accounting Supervisor | 4,840,000 KRW | -12% |
| Cost Analyst | 4,820,000 KRW | -12% |
| Credit and Collection Manager | 6,270,000 KRW | +14% |
| Credit and Collection Staff | 2,330,000 KRW | -58% |
| Credit and Loans Officer | 2,260,000 KRW | -59% |
| Credit Controller | 4,410,000 KRW | -20% |
| Credit Manager | 6,720,000 KRW | +22% |
| Debt Adviser | 5,400,000 KRW | -2% |
| Debt Collector | 2,460,000 KRW | -55% |
| Debtors Clerk | 2,140,000 KRW | -61% |
| Debtors Controller | 2,340,000 KRW | -57% |
| Deputy CFO | 8,310,000 KRW | +51% |
| Deputy Head of Finance | 8,870,000 KRW | +62% |
| Derivative Trader | 5,210,000 KRW | -5% |
| Director of Finance | 9,160,000 KRW | +67% |
| E-commerce Accountant | 3,210,000 KRW | -42% |
| Economist | 7,350,000 KRW | +34% |
| Equity Analyst | 5,390,000 KRW | -2% |
| Escrow Assistant | 2,690,000 KRW | -51% |
| Executive Accountant | 3,380,000 KRW | -38% |
| External Auditor | 4,550,000 KRW | -17% |
| Finance Administrator | 3,620,000 KRW | -34% |
| Finance Analyst | 5,580,000 KRW | +2% |
| Finance Associate | 2,790,000 KRW | -49% |
| Finance Data Analyst | 5,180,000 KRW | -6% |
| Finance Director | 8,840,000 KRW | +61% |
| Finance Executive | 6,900,000 KRW | +26% |
| Finance Licensing Clerk | 2,320,000 KRW | -58% |
| Finance Licensing Manager | 5,760,000 KRW | +5% |
| Finance Licensing Specialist | 3,370,000 KRW | -39% |
| Finance Manager | 8,690,000 KRW | +58% |
| Finance Officer | 2,880,000 KRW | -48% |
| Finance President | 8,800,000 KRW | +60% |
| Finance Relationship Manager | 7,360,000 KRW | +34% |
| Finance Release Analyst | 3,720,000 KRW | -32% |
| Finance Specialist | 5,300,000 KRW | -3% |
| Finance Team Leader | 6,970,000 KRW | +27% |
| Financial Accountant | 3,150,000 KRW | -43% |
| Financial Actuary | 4,570,000 KRW | -17% |
| Financial Administrator | 5,110,000 KRW | -7% |
| Financial Advisor | 5,430,000 KRW | -1% |
| Financial Analyst | 5,490,000 KRW | -0% |
| Financial Applications Specialist | 4,080,000 KRW | -26% |
| Financial Assistant | 2,460,000 KRW | -55% |
| Financial Associate | 2,510,000 KRW | -54% |
| Financial Claims Analyst | 4,090,000 KRW | -26% |
| Financial Claims Manager | 5,590,000 KRW | +2% |
| Financial Claims Supervisor | 5,360,000 KRW | -2% |
| Financial Clerk | 2,380,000 KRW | -57% |
| Financial Commercial Analyst | 4,420,000 KRW | -20% |
| Financial Compliance Analyst | 4,920,000 KRW | -10% |
| Financial Compliance Officer | 4,740,000 KRW | -14% |
| Financial Consultant | 4,330,000 KRW | -21% |
| Financial Controller | 5,030,000 KRW | -8% |
| Financial Coordinator | 2,950,000 KRW | -46% |
| Financial Customer Service Manager | 5,520,000 KRW | +1% |
| Financial Data Scientist | 5,760,000 KRW | +5% |
| Financial Dealer and Broker | 3,520,000 KRW | -36% |
| Financial Director | 8,810,000 KRW | +60% |
| Financial Encoder | 2,680,000 KRW | -51% |
| Financial Manager | 8,280,000 KRW | +51% |
| Financial Modelling Analyst | 5,750,000 KRW | +5% |
| Financial Operations Manager | 7,870,000 KRW | +43% |
| Financial Policy Analyst | 4,660,000 KRW | -15% |
| Financial Project Manager | 6,660,000 KRW | +21% |
| Financial Quantitative Analyst | 5,530,000 KRW | +1% |
| Financial Reporting Consultant | 4,600,000 KRW | -16% |
| Financial Reporting Manager | 5,740,000 KRW | +5% |
| Financial Section Head | 5,710,000 KRW | +4% |
| Financial Services Manager | 8,030,000 KRW | +46% |
| Financial Services Sales Agent | 3,430,000 KRW | -38% |
| Financial Technology Consultant | 4,710,000 KRW | -14% |
| Financial Wellness Coach | 6,350,000 KRW | +16% |
| FinTech Analyst | 5,510,000 KRW | +0% |
| Fixed Assets Administrator | 3,210,000 KRW | -42% |
| Forensic Accountant | 3,710,000 KRW | -32% |
| Fraud Detection Supervisor | 3,850,000 KRW | -30% |
| Fraud Prevention Manager | 6,580,000 KRW | +20% |
| Fund Accountant | 2,880,000 KRW | -48% |
| Grants Coordinator | 2,330,000 KRW | -58% |
| Green Finance Analyst | 4,780,000 KRW | -13% |
| Group Financial Manager | 9,260,000 KRW | +69% |
| Internal Auditor | 4,070,000 KRW | -26% |
| Internal Control Adviser | 4,910,000 KRW | -11% |
| Internal Control Officer | 2,810,000 KRW | -49% |
| International Tax Director | 7,300,000 KRW | +33% |
| Inventory Accountant | 3,130,000 KRW | -43% |
| Investment Advisor | 8,350,000 KRW | +52% |
| Investment Analyst | 6,370,000 KRW | +16% |
| Investment Associate | 5,020,000 KRW | -9% |
| Investment Broker | 5,060,000 KRW | -8% |
| Investment Fund Manager | 6,900,000 KRW | +26% |
| Investment Operations Manager | 6,950,000 KRW | +27% |
| Investment Underwriter | 2,710,000 KRW | -51% |
| Investor | 3,890,000 KRW | -29% |
| Investor Relations Manager | 6,270,000 KRW | +14% |
| KYC Team Leader | 6,110,000 KRW | +11% |
| Loan Processor | 2,550,000 KRW | -54% |
| Management Accountant | 3,580,000 KRW | -35% |
| Management Economist | 7,260,000 KRW | +32% |
| Paymaster | 2,470,000 KRW | -55% |
| Payroll Administrator | 4,240,000 KRW | -23% |
| Payroll Benefits Coordinator | 3,370,000 KRW | -39% |
| Payroll Billing Manager | 5,770,000 KRW | +5% |
| Payroll Clerk | 2,620,000 KRW | -52% |
| Payroll Manager | 5,680,000 KRW | +3% |
| Payroll Officer | 2,840,000 KRW | -48% |
| Payroll Specialist | 3,180,000 KRW | -42% |
| Payroll Supervisor | 4,090,000 KRW | -26% |
| Pensions Administrator | 3,300,000 KRW | -40% |
| Personal Financial Advisor | 4,420,000 KRW | -20% |
| Pricing Analyst | 5,150,000 KRW | -6% |
| Private Equity Analyst | 5,620,000 KRW | +2% |
| Project Accountant | 3,360,000 KRW | -39% |
| Proposal Development Coordinator | 2,770,000 KRW | -50% |
| Quantitative Trader | 4,370,000 KRW | -20% |
| Receivables Accountant | 2,970,000 KRW | -46% |
| Regulatory Accountant | 3,330,000 KRW | -39% |
| Retirement Plan Analyst | 4,970,000 KRW | -10% |
| Revenue Management Specialist | 5,340,000 KRW | -3% |
| Revenue Recognition Analyst | 5,680,000 KRW | +3% |
| Risk Management Director | 7,200,000 KRW | +31% |
| Risk Management Supervisor | 6,130,000 KRW | +12% |
| Staff Accountant | 2,860,000 KRW | -48% |
| Tax Accountant | 2,970,000 KRW | -46% |
| Tax Administrator | 3,400,000 KRW | -38% |
| Tax Advisor | 4,950,000 KRW | -10% |
| Tax Analyst | 4,630,000 KRW | -16% |
| Tax Associate | 2,760,000 KRW | -50% |
| Tax Consultant | 4,990,000 KRW | -9% |
| Tax Director | 7,490,000 KRW | +36% |
| Tax Examiner | 3,360,000 KRW | -39% |
| Tax Manager | 6,540,000 KRW | +19% |
| Tax Research Manager | 6,110,000 KRW | +11% |
| Teller | 1,840,000 KRW | -66% |
| Treasury Accountant | 3,240,000 KRW | -41% |
| Treasury Analyst | 5,230,000 KRW | -5% |
| Underwriter | 2,270,000 KRW | -59% |
| Underwriting Assistant | 1,990,000 KRW | -64% |
| Vice President of Finance | 8,560,000 KRW | +56% |
Salary Comparison By City
| City | Average Salary |
| Seoul | 5,490,000 KRW |
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 Korea (South) is 6% on average across all career fields.
| Private Sector | 3,780,000 KRW | |
| Public Sector | +6% | 4,000,000 KRW |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Analyst in Seoul?
A good and competitive compensation would range anywhere between 5,080,000 KRW and 5,790,000 KRW. 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 Analyst in Seoul ranges from 2,750,000 KRW to 4,170,000 KRW. 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
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