Average Financial Manager Salary in Canada
The average annual salary of Financial Manager is $75,111.00
The starting salary of Financial Manager is between $44,651.00 and $52,530.00 whereas the maximum salary range is between $122,080.00 and $140,392.00.
Minimum Annual Pay | Maximum Annual Pay |
---|---|
$44,651.00 | $140,392.00 |
The average hourly pay of Financial Manager is $26.99.
The starting hourly rate is between $18.00 and $20.80 for Financial Manager whereas the maximum hourly wage is between $56.68 and $65.00.
Minimum Hourly Pay | Maximum Hourly Pay |
---|---|
$18.00 | $65.00 |
- Currency : CAD
- Annual Salary : $75,111.00
- Hourly Pay : $26.99
- Weekly Pay : $1,402.00
- Fortnightly Salary : $2,805.00
- Monthly Salary : $6,077.00
Financial Manager Salary Comparison by Gender
This pie chart demonstrates the gender share for Financial Manager. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, female employees are involved significantly more as Financial Manager compared to male. Their involvement is 79% while of male is only 21%.
Salary Distribution Based on Years of Experience
The line graph shows Financial Manager salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Financial Manager working less than a year in a company, you notice that their annual salary starts around $77,482.98.
As the years of experience reaches 1 to 4, there is a decrease of $6,340.64 which would decline total wage to $71,142.34.
Once the experience reaches 5-9 years Financial Manager salary would increase again to a total of $83,855.10, adding $12,712.76 from the last salary increase.
After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $88,451.10.
And finally, once the Financial Manager gains 20 years of experience or more, their salary would reach $78,395.39.
Prominent Skills Affecting Financial Manager Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Financial Manager's salary. It clearly highlights the skills needed for a post of Financial Manager when hired by an employer.
The most vital skill expected of Financial Manager is Senior Financial Management which impacts the most than the rest of the skills indicated with a staggering 50% comparatively. Therefore, one’s salary would greatly depend on their skills in Senior Financial Management.
The skill least likely to affect one’s pay would be Payroll Administration with 3%. It can be said that Payroll Administration skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Financial Manager. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $69,853.00 whereas the highest earning is $86,378.00 which clearly shows the salary increases with the level of expertise.
Late Career person will earn the maximum salary of $86,378.00 at 15%. So to summerize, Entry Level earns 1% less than the average salary, Early Career earns 7% less than the average salary, Mid Carrer earns 10% more than the average salary, Late Career earns 15% more than the average salary, Experienced earns 0% less than the average salary.
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