Home > Salary > Monaco > 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: 282,289 EUR
Estimated Monthly Salary: 23,524 EUR
Estimated Weekly Salary: 5,429 EUR per week
Estimated Hourly Salary: 136 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 22,649 EUR
Estimated Weekly Salary: 5,227 EUR per week
Estimated Hourly Salary: 131 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 281,648 USD
Estimated Monthly Salary: 23,471 USD
Estimated Weekly Salary: 5,416 USD per week
Estimated Hourly Salary: 135 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 282,289 EUR
Estimated Monthly Salary: 23,524 EUR
Estimated Weekly Salary: 5,429 EUR per week
Estimated Hourly Salary: 136 EUR per hour
By working as Financial Manager a person can save up to 16,027 USD per month or 192,330 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 Monaco, see costs of living in Monaco.
Estimated Yearly Salary for Financial Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Financial Manager salary in Monaco
Average Yearly Salary of Financial Manager in Monaco is approximately 282,289 EUR (281,648 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: 282,289 EUR
Estimated Monthly Salary: 23,524 EUR
Estimated Weekly Salary: 5,429 EUR per week
Estimated Hourly Salary: 136 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 271,788 EUREstimated Monthly Salary: 22,649 EUR
Estimated Weekly Salary: 5,227 EUR per week
Estimated Hourly Salary: 131 EUR per hour
Last revision of data: 2024-01-03Financial Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 281,648 USD
Estimated Monthly Salary: 23,471 USD
Estimated Weekly Salary: 5,416 USD per week
Estimated Hourly Salary: 135 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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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Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Financial Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Financial Manager in Monaco earns on average:
1.66 times the average salary (or 166% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Financial Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Financial Manager in Monaco earns on average:
1.66 times the average salary (or 166% 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 310,518 EUR and 409,319 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Manager in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 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: 282,289 EUR
Estimated Monthly Salary: 23,524 EUR
Estimated Weekly Salary: 5,429 EUR per week
Estimated Hourly Salary: 136 EUR per hour
By working as Financial Manager a person can save up to 16,027 USD per month or 192,330 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 Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. 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
France is 69,199 USD
Italy is 57,112 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 Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Data as of 2025Random salary:
Chief clinical dietitian (185,107 EUR per year, pre-tax.)
National operations manager (212,899 EUR per year, pre-tax.)
Package center supervisor (87,286 EUR per year, pre-tax.)
General contractor (185,648 EUR per year, pre-tax.)
Configuration manager (316,410 EUR per year, pre-tax.)
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