Finance Manager Salary in Cologne, DE
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How much does a Finance Manager make in Cologne, DE? The average Finance Manager salary in Cologne, DE is €119,048 as of March 23, 2021, but the range typically falls between €95,917 and €142,691. 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 | ||
| €133,334 |
Analysis
€133,334
|
12%
|
|
| €120,239 |
Accounts Receivable
€120,239
|
1%
|
|
| €120,239 |
Balance Sheet
€120,239
|
1%
|
|
| €120,239 |
PowerPoint
€120,239
|
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
About Cologne, Germany
The metropolitan area encompasses over 405 square kilometres (156 square miles), extending around a central point that lies at 50° 56' 33 latitude and 6° 57' 32 longitude. The city's highest point is 118 m (387 ft) above sea level (the Monte Troodelöh) and its lowest point is 37.5 m (123 ft 0 in) above sea level (the Worringer Bruch). The city of Cologne lies within the larger area of the Cologne Lowland, a cone-shaped area of the central Rhineland that lies between Bonn, Aachen and Düsseldorf....
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 Rhine-Ruhr, DE |
Compared to national average
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| City, Country Stuttgart, DE |
Compared to national average
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| City, Country Dusseldorf, DE |
Compared to national average
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| City, Country Cologne, DE |
Compared to national average
|
| City, Country Bremen/Oldenburg, DE |
Compared to national average
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| City, Country Frankfurt/Rhine-Main, DE |
Compared to national average
|
Employees with Finance Manager in their job title in Cologne, DE earn an average of 10.5% more than the national average. The lower salaries can be found in Rhine-Ruhr, DE (3.5% less), Dusseldorf, DE (0.7% less).
Similar Jobs to Finance Manager in Cologne, DE
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| Job Title | Location | Salary Range in EUR |
|---|---|---|
| Job Title Auditing Manager | Location Cologne, DE |
|
| Job Title Budget Manager | Location Cologne, DE |
|
| Job Title Divisional VP of Finance | Location Cologne, DE |
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| Job Title Finance Director | Location Cologne, DE |
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| Job Title Finance Manager - Budgets | Location Cologne, DE |
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Understand the base salary paid range for a Finance Manager in Cologne, DE
Average Base Salary
Core compensation
95917
142691
The chart shows the base salary for Finance Manager in Cologne ranges from €95,917 to €142,691 with the average base salary of €119,048. 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
Can I expect to receive a higher salary for the position of Finance Manager in Cologne than for the same job in Rhine-Ruhr in the Germany?
On average, a Finance Manager, working in Cologne, Germany, would generally get a higher salary than those working in the city of Rhine-Ruhr. The larger cities in the DE typically provide numerous opportunities for Finance Manager Jobs. Since Cologne, Germany is an attractive place to work for many professions, Finance Manager Jobs could be competitive. Candidates need to consider personal preferences when deciding on a work location and weigh all factors including employment viability, cost of living, workforce competition, and quality of life in a particular location.
March 23, 2021
salary.com
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What is the salary range for a Finance Manager in Cologne, Germany? What is the average hourly rate?
The average salary for a Finance Manager in Cologne, Germany is €119,048 per year. The salary range for a Finance Manager is between €95,917 and €142,691. While we are seeing hourly wages as high as €69 and as low as €46, the majority of Finance Managers are currently paid an average of €57 in Cologne, Germany. 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 Cologne, Germany can differ based on any or all of these varying factors.
March 23, 2021
salary.com
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Besides the base pay, what other benefits might be negotiable when considering a Finance Manager job? What common items are generally included in a total compensation package?
A total compensation package consists of base pay or salary and all other types of pay and benefits that a Finance Manager working in Cologne, Germany will receive in exchange for their job. Some common items included in the total compensation of a Finance Manager working in the Cologne, Germany are bonuses, medical/dental/vision benefits coverage, paid leaves, life insurance, and pension plan company match. Some companies in the Cologne, Germany might also offer long-term incentives such as stock options or stock grants for Finance Managers. Other popular benefits are gym memberships, free parking, monthly car expenses, free food, and company discounts. Evaluate all offered benefits to determine if they are of value to you. Consider items that you value and see if you can negotiate favorable terms for them. For example, request an extra week of vacation, reimbursement for training, flexible work hours, or subsidized parking. These perks have a value that should be included when you evaluate the entire compensation package offered to you.
March 23, 2021
salary.com
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Last Update: March 23, 2021