Finance Manager Salary in Colombia
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How much does a Finance Manager make in Colombia? The average Finance Manager salary in Colombia is COL$242M as of April 08, 2021, but the range typically falls between COL$187M and COL$350M. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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Skills to Boost a Finance Manager Salary
Mastering key skills can significantly increase your earning potential as a Finance Manager. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 12% salary raise, while strong Accounts Receivable skills boost pay by a 1%. Even Balance Sheet can result in a 1% salary increase.
Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Accounts Receivable
Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
Balance Sheet
Balance Sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, business partnership, corporation, private limited company or other organization such as government or not-for-profit entity.
More Skills...
Based on recent job listings, in-demand skills in the Finance Manager field include Analysis (12%), Accounts Receivable (1%), Balance Sheet (1%), and PowerPoint (1%). These skills reflect current market needs.
| Skills | Salary | Demand | |
|---|---|---|---|
| Skill & Salary | Demand | ||
| COL$271M |
Analysis
COL$271M
|
12%
|
|
| COL$245M |
Accounts Receivable
COL$245M
|
1%
|
|
| COL$245M |
Balance Sheet
COL$245M
|
1%
|
|
| COL$245M |
PowerPoint
COL$245M
|
1%
|
What does a Finance Manager do?
Finance Manager
Parana, AR
Negotiates, executes and maintains reimbursement agreements for the issuance of letters of credit and bank guarantees.
12/29/2020
Finance Manager
Grenoble, FR
Functions as project manager on local and corporate financial initiatives, working across multiple functions within the organization to ensure delivery on long-term projects/objectives.
12/25/2020
Finance Manager
Lyon, FR
Negotiate, execute and maintain reimbursement agreements for the issuance of letters of credit and bank guarantees.
03/12/2021
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Career Path for Finance Manager in Colombia
About Colombia
The geography of Colombia is characterized by its six main natural regions that present their own unique characteristics, from the Andes mountain range region shared with Ecuador and Venezuela; the Pacific Coastal region shared with Panama and Ecuador; the Caribbean coastal region shared with Venezuela and Panama; the Llanos (plains) shared with Venezuela; the Amazon Rainforest region shared with Venezuela, Brazil, Peru and Ecuador; to the insular area, comprising islands in both the Atlantic and Pacific oceans. It shares its maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, Haiti...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Finance Manager Pay Difference by Cities
| City, Country | Compared to national average |
|---|---|
| City, Country Medellin, CO |
Compared to national average
|
Employees with Finance Manager in their job title in Medellin, CO earn an average of 0.1% more than the national average.
Similar Jobs to Finance Manager in Colombia
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| Job Title | Salary Range in COP |
|---|---|
| Job Title Auditing Manager |
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| Job Title Budget Manager |
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| Job Title Finance Director |
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| Job Title Finance Manager - Budgets |
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| Job Title Finance Policy and Operations Director |
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Understand the base salary paid range for a Finance Manager in Colombia
Average Base Salary
Core compensation
186720016
349684922
The chart shows the base salary for Finance Manager ranges from COL$187M to COL$350M with the average base salary of COL$242M. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Finance Manager may get paid difference by industry, location, and factors.
Finance Manager Frequently Asked Questions in Colombia
What is the salary range for a Finance Manager in Colombia? What is the average hourly rate?
The average salary for a Finance Manager in Colombia is COL$242M per year. The salary range for a Finance Manager is between COL$187M and COL$350M. While we are seeing hourly wages as high as COL$168,118 and as low as COL$89,769, the majority of Finance Managers are currently paid an average of COL$116,538 in Colombia. The average salary pay range for a Finance Manager can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Finance Manager in Colombia can differ based on any or all of these varying factors.
April 08, 2021
salary.com
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Why should you negotiate salary for a Finance Manager role? What are effective negotiation strategies?
Most hiring managers in Colombia expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Finance Manager position that you can in Colombia. This starting salary of the Finance Manager position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Finance Manager position in Colombia, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs.
April 08, 2021
salary.com
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How do you evaluate the advantages, opportunities, and salary for a Finance Manager role located in large metropolitan city or in a small town?
Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Finance Manager in the Colombia can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Finance Manager job in a large city of the Colombia may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the Colombia also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Finance Manager job is right for you.
April 08, 2021
salary.com
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Last Update: April 08, 2021