FinTech Analyst Average Salary in Tbilisi 2024
How much money does a person working as FinTech Analyst make in Tbilisi?
LOW
3,950
GEL AVERAGE
8,600
GEL HIGH
13,700
GEL
A person working as FinTech Analyst in Tbilisi typically earns around 8,600 GEL. Salaries range from 3,950 GEL (lowest) to 13,700 GEL (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. FinTech Analyst salaries in Tbilisi vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
FinTech Analyst Pay Scale and Salaries in Tbilisi
Salary Structure and Pay Scale Comparison
8,150 GEL or more
7,140 to 8,150 GEL
4,920 GEL or less
4,920 to 7,140 GEL
 3,950 GEL |
8,220 GEL |
13,700 GEL |
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 FinTech Analyst in Tbilisi range from 3,950 GEL (starting salary) to 13,700 GEL (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 8,220 GEL, half of the professionals who work as FinTech Analyst in Tbilisi 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 FinTech Analyst in Tbilisi earn less than 6,620 GEL, while 75% earn more. Similarly, the chart shows that 75% earn less than 9,470 GEL 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 FinTech Analyst in Tbilisi compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,920 GEL to 7,140 GEL. About 20% of salaries are below the 4,920 GEL mark, while 10% fall within the range of 7,140 GEL to 8,150 GEL. Only 5% of individuals have salaries exceeding 8,150 GEL.
Salary Comparison by Years of Experience / FinTech Analyst / Tbilisi
How do experience and age affect pay?
| 0 - 2 Years | 4,490 GEL | |
| 2 - 5 Years | +34% | 5,990 GEL |
| 5 - 10 Years | +48% | 8,860 GEL |
| 10 - 15 Years | +22% | 10,800 GEL |
| 15 - 20 Years | +9% | 11,800 GEL |
| 20+ Years | +8% | 12,700 GEL |
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 FinTech Analyst and this is what we found.
Employees with less than two years of experience earn approximately 4,490 GEL.
While someone with an experience level between two and five years is expected to earn 5,990 GEL, 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 8,860 GEL, 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 10,800 GEL, 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 11,800 GEL, 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 12,700 GEL, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / FinTech Analyst / Tbilisi
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as FinTech Analyst.
| High School | 5,510 GEL | |
| Certificate or Diploma | +18% | 6,480 GEL |
| Bachelor's Degree | +45% | 9,390 GEL |
| Master's Degree | +31% | 12,300 GEL |
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 FinTech Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 5,510 GEL.
Level 2: Certificate or Diploma
At this level, the average salary becomes 6,480 GEL, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 9,390 GEL, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 12,300 GEL, 31% 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 Georgia costs anywhere from 33,900 GEL to 102,000 GEL 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 / FinTech Analyst / Tbilisi
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 FinTech Analyst in Georgia, the average difference between the salary of male and female employees is nan%.
| Male | 0 GEL | |
| Female | 0 GEL |
Salary Comparison By Gender in Georgia for all Careers
Average Annual Salary Increment Percentage / FinTech Analyst / Tbilisi
How much are annual salary increments in Tbilisi for individuals working as FinTech Analyst? How often do employees get salary raises?
Individuals working as FinTech Analyst in Georgia are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Georgia / 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 / FinTech Analyst / Georgia
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/georgia/accounting-and-finance/fintech-analyst/annual-salary-bonus-rate-georgia-fintech-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 / FinTech Analyst / Tbilisi
50 GEL per hourThe average hourly wage (pay per hour) for individuals working as FinTech Analyst in Tbilisi is 50 GEL.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 FinTech Analyst in Tbilisi is 23 GEL. 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 | 3,820 GEL | -56% |
| Account Executive | 6,480 GEL | -25% |
| Accountant | 4,940 GEL | -43% |
| Accounting Analyst | 6,020 GEL | -30% |
| Accounting Assistant | 3,770 GEL | -56% |
| Accounting Associate | 3,550 GEL | -59% |
| Accounting Clerk | 3,060 GEL | -64% |
| Accounting Coordinator | 4,580 GEL | -47% |
| Accounting Head | 10,300 GEL |  +20% |
| Accounting Manager | 11,000 GEL | +28% |
| Accounting Officer | 3,910 GEL | -55% |
| Accounting Specialist | 6,970 GEL | -19% |
| Accounting Supervisor | 7,120 GEL | -17% |
| Accounting Technician | 3,380 GEL | -61% |
| Accounting Unit Controller | 8,820 GEL | +3% |
| Accounts Executive | 6,720 GEL | -22% |
| Accounts Officer | 3,930 GEL | -54% |
| Accounts Payable and Receivable Specialist | 5,300 GEL | -38% |
| Accounts Payable Assistant | 4,110 GEL | -52% |
| Accounts Payable Associate | 4,830 GEL | -44% |
| Accounts Payable Clerk | 3,740 GEL | -56% |
| Accounts Payable Manager | 9,690 GEL | +13% |
| Accounts Receivable Administrator | 7,370 GEL | -14% |
| Accounts Receivable Clerk | 3,920 GEL | -54% |
| Accounts Receivable Financial Analyst | 6,880 GEL | -20% |
| Accounts Receivable Manager | 10,000 GEL | +16% |
| Accounts Receivable Team Leader | 7,740 GEL | -10% |
| Algorithmic Trading Specialist | 9,160 GEL | +7% |
| Assistant Accountant | 3,750 GEL | -56% |
| Assistant Accounting Manager | 9,040 GEL | +5% |
| Assistant Auditor | 5,250 GEL | -39% |
| Assistant Corporate Controller | 6,560 GEL | -24% |
| Assistant Finance Manager | 10,000 GEL | +16% |
| Assistant Financial Controller | 6,740 GEL | -22% |
| Audit Director | 11,800 GEL | +37% |
| Audit Supervisor | 9,130 GEL | +6% |
| Auditing Clerk | 3,930 GEL | -54% |
| Auditing Manager | 10,400 GEL | +21% |
| Billing Clerk | 3,840 GEL | -55% |
| Billing Coordinator | 4,470 GEL | -48% |
| Billing Specialist | 5,300 GEL | -38% |
| Billing Supervisor | 7,780 GEL | -9% |
| Bookkeeper | 3,260 GEL | -62% |
| Bookkeeping Specialist | 4,600 GEL | -46% |
| Budget Analyst | 8,300 GEL | -3% |
| Budget Manager | 10,700 GEL | +24% |
| Business Support Analyst | 5,920 GEL | -31% |
| Capital Markets Associate | 7,900 GEL | -8% |
| Cash Flow Analyst | 7,640 GEL | -11% |
| Cash Management Manager | 9,750 GEL | +13% |
| Cash Management Officer | 5,510 GEL | -36% |
| Cashbook Clerk | 3,480 GEL | -60% |
| Chartered Accountant | 6,600 GEL | -23% |
| Chief Accountant | 7,400 GEL | -14% |
| Chief Financial Technology Officer | 10,600 GEL | +23% |
| Collections Clerk | 2,980 GEL | -65% |
| Collections Representative | 4,430 GEL | -48% |
| Collections Specialist | 5,130 GEL | -40% |
| Corporate Controller | 8,360 GEL | -3% |
| Corporate Treasurer | 9,610 GEL | +12% |
| Cost Accountant | 5,140 GEL | -40% |
| Cost Accounting Manager | 9,720 GEL | +13% |
| Cost Accounting Supervisor | 8,310 GEL | -3% |
| Cost Analyst | 8,390 GEL | -2% |
| Credit and Collection Manager | 10,400 GEL | +21% |
| Credit and Collection Staff | 4,040 GEL | -53% |
| Credit and Loans Officer | 3,710 GEL | -57% |
| Credit Controller | 7,050 GEL | -18% |
| Credit Manager | 10,400 GEL | +21% |
| Debt Adviser | 8,310 GEL | -3% |
| Debt Collector | 3,940 GEL | -54% |
| Debtors Clerk | 3,540 GEL | -59% |
| Debtors Controller | 3,910 GEL | -55% |
| Deputy CFO | 13,500 GEL | +57% |
| Deputy Head of Finance | 14,200 GEL | +65% |
| Derivative Trader | 8,870 GEL | +3% |
| Director of Finance | 14,500 GEL | +69% |
| E-commerce Accountant | 5,390 GEL | -37% |
| Economist | 11,400 GEL | +33% |
| Equity Analyst | 9,260 GEL | +8% |
| Escrow Assistant | 4,350 GEL | -49% |
| Executive Accountant | 5,670 GEL | -34% |
| External Auditor | 6,790 GEL | -21% |
| Finance Administrator | 5,860 GEL | -32% |
| Finance Analyst | 8,750 GEL | +2% |
| Finance Associate | 4,250 GEL | -51% |
| Finance Data Analyst | 8,520 GEL | -1% |
| Finance Director | 15,500 GEL | +80% |
| Finance Executive | 10,300 GEL | +20% |
| Finance Licensing Clerk | 3,490 GEL | -59% |
| Finance Licensing Manager | 9,960 GEL | +16% |
| Finance Licensing Specialist | 5,500 GEL | -36% |
| Finance Manager | 14,400 GEL | +68% |
| Finance Officer | 4,980 GEL | -42% |
| Finance President | 14,200 GEL | +65% |
| Finance Relationship Manager | 12,200 GEL | +42% |
| Finance Release Analyst | 5,680 GEL | -34% |
| Finance Specialist | 8,280 GEL | -4% |
| Finance Team Leader | 11,500 GEL | +34% |
| Financial Accountant | 5,250 GEL | -39% |
| Financial Actuary | 7,610 GEL | -11% |
| Financial Administrator | 8,400 GEL | -2% |
| Financial Advisor | 8,840 GEL | +3% |
| Financial Analyst | 9,220 GEL | +7% |
| Financial Applications Specialist | 6,430 GEL | -25% |
| Financial Assistant | 4,030 GEL | -53% |
| Financial Associate | 5,010 GEL | -42% |
| Financial Claims Analyst | 6,810 GEL | -21% |
| Financial Claims Manager | 8,770 GEL | +2% |
| Financial Claims Supervisor | 8,760 GEL | +2% |
| Financial Clerk | 3,970 GEL | -54% |
| Financial Commercial Analyst | 7,300 GEL | -15% |
| Financial Compliance Analyst | 8,070 GEL | -6% |
| Financial Compliance Officer | 8,150 GEL | -5% |
| Financial Consultant | 6,930 GEL | -19% |
| Financial Controller | 7,850 GEL | -9% |
| Financial Coordinator | 4,740 GEL | -45% |
| Financial Customer Service Manager | 8,910 GEL | +4% |
| Financial Data Scientist | 9,320 GEL | +8% |
| Financial Dealer and Broker | 5,680 GEL | -34% |
| Financial Director | 15,300 GEL | +78% |
| Financial Encoder | 4,470 GEL | -48% |
| Financial Manager | 13,400 GEL | +56% |
| Financial Modelling Analyst | 8,770 GEL | +2% |
| Financial Operations Manager | 12,600 GEL | +47% |
| Financial Policy Analyst | 7,640 GEL | -11% |
| Financial Project Manager | 10,100 GEL | +17% |
| Financial Quantitative Analyst | 8,700 GEL | +1% |
| Financial Reporting Consultant | 7,450 GEL | -13% |
| Financial Reporting Manager | 9,420 GEL | +10% |
| Financial Section Head | 9,510 GEL | +11% |
| Financial Services Manager | 13,400 GEL | +56% |
| Financial Services Sales Agent | 5,300 GEL | -38% |
| Financial Technology Consultant | 8,270 GEL | -4% |
| Financial Wellness Coach | 10,500 GEL | +22% |
| FinTech Analyst | 8,600 GEL | +0% |
| Fixed Assets Administrator | 5,160 GEL | -40% |
| Forensic Accountant | 6,160 GEL | -28% |
| Fraud Detection Supervisor | 6,470 GEL | -25% |
| Fraud Prevention Manager | 10,400 GEL | +21% |
| Fund Accountant | 4,770 GEL | -45% |
| Grants Coordinator | 3,650 GEL | -58% |
| Green Finance Analyst | 7,390 GEL | -14% |
| Group Financial Manager | 14,400 GEL | +68% |
| Internal Auditor | 6,980 GEL | -19% |
| Internal Control Adviser | 8,250 GEL | -4% |
| Internal Control Officer | 4,460 GEL | -48% |
| International Tax Director | 12,300 GEL | +43% |
| Inventory Accountant | 5,420 GEL | -37% |
| Investment Advisor | 13,000 GEL | +51% |
| Investment Analyst | 10,300 GEL | +20% |
| Investment Associate | 8,350 GEL | -3% |
| Investment Broker | 8,550 GEL | -1% |
| Investment Fund Manager | 10,800 GEL | +26% |
| Investment Operations Manager | 11,100 GEL | +29% |
| Investment Underwriter | 4,430 GEL | -48% |
| Investor | 6,380 GEL | -26% |
| Investor Relations Manager | 9,670 GEL | +12% |
| KYC Team Leader | 9,520 GEL | +11% |
| Loan Processor | 4,060 GEL | -53% |
| Management Accountant | 5,640 GEL | -34% |
| Management Economist | 11,200 GEL | +30% |
| Paymaster | 4,080 GEL | -53% |
| Payroll Administrator | 6,510 GEL | -24% |
| Payroll Benefits Coordinator | 5,710 GEL | -34% |
| Payroll Billing Manager | 9,200 GEL | +7% |
| Payroll Clerk | 4,190 GEL | -51% |
| Payroll Manager | 9,480 GEL | +10% |
| Payroll Officer | 4,270 GEL | -50% |
| Payroll Specialist | 5,490 GEL | -36% |
| Payroll Supervisor | 6,450 GEL | -25% |
| Pensions Administrator | 5,090 GEL | -41% |
| Personal Financial Advisor | 7,640 GEL | -11% |
| Pricing Analyst | 8,600 GEL | +0% |
| Private Equity Analyst | 9,240 GEL | +7% |
| Project Accountant | 5,230 GEL | -39% |
| Proposal Development Coordinator | 4,280 GEL | -50% |
| Quantitative Trader | 7,570 GEL | -12% |
| Receivables Accountant | 4,470 GEL | -48% |
| Regulatory Accountant | 5,590 GEL | -35% |
| Retirement Plan Analyst | 8,360 GEL | -3% |
| Revenue Management Specialist | 8,480 GEL | -1% |
| Revenue Recognition Analyst | 9,250 GEL | +8% |
| Risk Management Director | 12,100 GEL | +41% |
| Risk Management Supervisor | 9,690 GEL | +13% |
| Staff Accountant | 4,760 GEL | -45% |
| Tax Accountant | 4,810 GEL | -44% |
| Tax Administrator | 5,210 GEL | -39% |
| Tax Advisor | 7,920 GEL | -8% |
| Tax Analyst | 7,720 GEL | -10% |
| Tax Associate | 4,210 GEL | -51% |
| Tax Consultant | 7,830 GEL | -9% |
| Tax Director | 12,200 GEL | +42% |
| Tax Examiner | 5,110 GEL | -41% |
| Tax Manager | 10,800 GEL | +26% |
| Tax Research Manager | 10,500 GEL | +22% |
| Teller | 2,980 GEL | -65% |
| Treasury Accountant | 5,270 GEL | -39% |
| Treasury Analyst | 8,530 GEL | -1% |
| Underwriter | 3,430 GEL | -60% |
| Underwriting Assistant | 3,470 GEL | -60% |
| Vice President of Finance | 14,400 GEL | +68% |
Salary Comparison By City
| City | Average Salary |
| Tbilisi | 8,600 GEL |
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 Georgia is 17% on average across all career fields.
| Private Sector | 6,300 GEL | |
| Public Sector | +17% | 7,380 GEL |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title FinTech Analyst in Tbilisi?
A good and competitive compensation would range anywhere between 8,220 GEL and 9,470 GEL. 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 FinTech Analyst in Tbilisi ranges from 3,950 GEL to 6,620 GEL. 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
