Home > Salary > Iraq > Financial Manager
A financial manager is responsible for overseeing the financial health of an organization. They analyze financial data, prepare financial reports, and provide strategic recommendations to the management team. Their primary goal is to ensure that the company's financial resources are utilized effectively and efficiently.
Financial managers monitor cash flow, manage budgets, and make investment decisions to maximize profitability. They also collaborate with other departments to develop financial strategies and ensure compliance with regulations and laws. Additionally, they assess risk and develop risk management strategies to safeguard the organization's assets.
Some key responsibilities of a financial manager include financial forecasting, monitoring financial performance, conducting financial analysis, and managing financial transactions. They may also be involved in negotiating contracts, managing relationships with financial institutions, and overseeing financial audits.
Estimated Yearly Salary: 13,399,182 IQD
Estimated Monthly Salary: 1,116,599 IQD
Estimated Weekly Salary: 257,677 IQD per week
Estimated Hourly Salary: 6,442 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,082,354 IQD
Estimated Weekly Salary: 249,774 IQD per week
Estimated Hourly Salary: 6,244 IQD per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 9,077 USD
Estimated Monthly Salary: 756 USD
Estimated Weekly Salary: 175 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 13,399,182 IQD
Estimated Monthly Salary: 1,116,599 IQD
Estimated Weekly Salary: 257,677 IQD per week
Estimated Hourly Salary: 6,442 IQD per hour
By working as Financial Manager a person can save up to 516 USD per month or 6,197 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Financial Manager
Last revision of data: 2025-01-04
Data as of 2025
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Financial Manager salary in Iraq
Average Yearly Salary of Financial Manager in Iraq is approximately 13,399,182 IQD (9,077 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Financial Manager do?
A financial manager is responsible for overseeing the financial health of an organization. They analyze financial data, prepare financial reports, and provide strategic recommendations to the management team. Their primary goal is to ensure that the company's financial resources are utilized effectively and efficiently.
Financial managers monitor cash flow, manage budgets, and make investment decisions to maximize profitability. They also collaborate with other departments to develop financial strategies and ensure compliance with regulations and laws. Additionally, they assess risk and develop risk management strategies to safeguard the organization's assets.
Some key responsibilities of a financial manager include financial forecasting, monitoring financial performance, conducting financial analysis, and managing financial transactions. They may also be involved in negotiating contracts, managing relationships with financial institutions, and overseeing financial audits.
Skills: Financial management, Financial analysis, Budgeting, Risk management, Strategic planning, Compliance
Job industry: Finance
Job industry: Finance
How much does Financial Manager make?
Salary details
How much does Financial Manager make?Estimated Yearly Salary: 13,399,182 IQD
Estimated Monthly Salary: 1,116,599 IQD
Estimated Weekly Salary: 257,677 IQD per week
Estimated Hourly Salary: 6,442 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 12,988,248 IQDEstimated Monthly Salary: 1,082,354 IQD
Estimated Weekly Salary: 249,774 IQD per week
Estimated Hourly Salary: 6,244 IQD per hour
Last revision of data: 2024-01-09Financial Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,077 USD
Estimated Monthly Salary: 756 USD
Estimated Weekly Salary: 175 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Financial Manager job salary compared to average salary in Iraq.
Comparison shows that a person working as Financial Manager in Iraq earns on average:
1.64 times the average salary (or 164% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Financial Manager job salary compared to average salary in Iraq.
Comparison shows that a person working as Financial Manager in Iraq earns on average:
1.64 times the average salary (or 164% of average salary).
Is Financial Manager a well paid job?
Yes, our data shows that Financial Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Financial Manager?
High salary for Financial Manager would be somewhere between 14,739,100 IQD and 19,428,814 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Manager in Iraq?
Living in Iraq the approximate monthly expenses are: 240 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 13,399,182 IQD
Estimated Monthly Salary: 1,116,599 IQD
Estimated Weekly Salary: 257,677 IQD per week
Estimated Hourly Salary: 6,442 IQD per hour
By working as Financial Manager a person can save up to 516 USD per month or 6,197 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Financial Manager
Iran is 11,980 USD
Jordan is 14,397 USD
Kuwait is 20,290 USD
Saudi Arabia is 41,729 USD
Syria is 5,531 USD
Turkey is 15,977 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Slot shift manager (6,921,769 IQD per year, pre-tax.)
Print shop foreman (6,925,834 IQD per year, pre-tax.)
Cashier (3,488,628 IQD per year, pre-tax.)
Production engineer semiconductors (10,363,200 IQD per year, pre-tax.)
Patrolman (6,009,510 IQD per year, pre-tax.)
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