Financial Reporting Manager Salary in Munich, DE
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How much does a Financial Reporting Manager make in Munich, DE? The average Financial Reporting Manager salary in Munich, DE is €89,507 as of March 23, 2021, but the range typically falls between €76,591 and €102,853. 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 Financial Reporting Manager Salary
Mastering key skills can significantly increase your earning potential as a Financial Reporting Manager. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 7% salary raise, while strong Microsoft Office skills boost pay by a 1%. Even Financial Accounting 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.
Microsoft Office
Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Financial Accounting
Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of passionable accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.
More Skills...
Based on recent job listings, in-demand skills in the Financial Reporting Manager field include Analysis (7%), Microsoft Office (1%), Financial Accounting (1%), and Accounts Receivable (1%). These skills reflect current market needs.
| Skills | Salary | Demand | |
|---|---|---|---|
| Skill & Salary | Demand | ||
| €95,773 |
Analysis
€95,773
|
7%
|
|
| €90,402 |
Microsoft Office
€90,402
|
1%
|
|
| €90,402 |
Financial Accounting
€90,402
|
1%
|
|
| €90,402 |
Accounts Receivable
€90,402
|
1%
|
What does a Financial Reporting Manager do?
Financial Reporting Manager
Pimpri-Chinchwad, IN
serves as a role model to team for Kaizen initiatives.
12/31/2020
Financial Reporting Manager
Bahia Blanca, AR
Serves as a key point of contact for our external auditors.
12/27/2020
Financial Reporting Manager
Chihuahua, MX
Serves as subject matter expert and provides guidance to Hospital stakeholders on finance related policies/procedures.
12/21/2020
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About Munich, Germany
Munich lies on the elevated plains of Upper Bavaria, about 50 km (31 mi) north of the northern edge of the Alps, at an altitude of about 520 m (1,706 ft) ASL. The local rivers are the Isar and the Würm.
Munich is situated in the Northern Alpine Foreland. The northern part of this sandy plateau includes a highly fertile flint area which is no longer affected by the folding processes found in the Alps, while the southern part is covered with morainic hills. Between these are fields of fluvio-glacial out-wash, such as around Munich. Wherever these deposits get thinner, the ground water can perme...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Financial Reporting 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
|
| 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 Financial Reporting 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 Financial Reporting Manager in Munich, DE
Loading results...
| Job Title | Location | Salary Range in EUR |
|---|---|---|
| Job Title Accounting Financial Reporting Manager | Location Munich, DE |
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| Job Title Financial Accounting Manager | Location Munich, DE |
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| Job Title Financial Analysis and Reporting Supervisor | Location Munich, DE |
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| Job Title Financial Analysis Manager | Location Munich, DE |
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| Job Title Financial Reporting Accountant II | Location Munich, DE |
|
Understand the base salary paid range for a Financial Reporting Manager in Munich, DE
Average Base Salary
Core compensation
76591
102853
The chart shows the base salary for Financial Reporting Manager in Munich ranges from €76,591 to €102,853 with the average base salary of €89,507. 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 Financial Reporting Manager may get paid difference by industry, location, and factors.
Financial Reporting Manager Frequently Asked Questions
Can I expect to receive a higher salary for the position of Financial Reporting Manager in Cologne than for the same job in Rhine-Ruhr in the Germany?
On average, a Financial Reporting 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 Financial Reporting Manager Jobs. Since Munich, Germany is an attractive place to work for many professions, Financial Reporting 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 Financial Reporting Manager in Munich, Germany? What is the average hourly rate?
The average salary for a Financial Reporting Manager in Munich, Germany is €89,507 per year. The salary range for a Financial Reporting Manager is between €76,591 and €102,853. While we are seeing hourly wages as high as €49 and as low as €37, the majority of Financial Reporting Managers are currently paid an average of €43 in Munich, Germany. The average salary pay range for a Financial Reporting 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 Financial Reporting Manager in Munich, Germany can differ based on any or all of these varying factors.
March 23, 2021
salary.com
)
Besides the base pay, what other benefits might be negotiable when considering a Financial Reporting 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 Financial Reporting Manager working in Munich, Germany will receive in exchange for their job. Some common items included in the total compensation of a Financial Reporting Manager working in the Munich, Germany are bonuses, medical/dental/vision benefits coverage, paid leaves, life insurance, and pension plan company match. Some companies in the Munich, Germany might also offer long-term incentives such as stock options or stock grants for Financial Reporting 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