Finance Manager Salary in Mexico

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How much does a Finance Manager make in Mexico? The average Finance Manager salary in Mexico is MXN$1,367K as of April 08, 2021, but the range typically falls between MXN$947K and MXN$1,771K. 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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Global Market Data
50TH(Median) MXN$1,367K 25TH MXN$947K 75TH MXN$1,771K

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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
Analysis MXN$1,532K
Analysis
MXN$1,532K
12%
Accounts Receivable MXN$1,381K
Accounts Receivable
MXN$1,381K
1%
Balance Sheet MXN$1,381K
Balance Sheet
MXN$1,381K
1%
PowerPoint MXN$1,381K
PowerPoint
MXN$1,381K
1%
Analysis
6.83%
Accounts Receivable
12.20%
Balance Sheet
6.84%
PowerPoint
1.07%
Job Openings for Finance Manager
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Career Path for Finance Manager in Mexico

Finance Manager
Finance Director
Top Division Financial Executive

About Mexico

Mexico is located between latitudes 14° and 33°N, and longitudes 86° and 119°W in the southern portion of North America. Almost all of Mexico lies in the North American Plate, with small parts of the Baja California peninsula on the Pacific and Cocos Plates. Geophysically, some geographers include the territory east of the Isthmus of Tehuantepec (around 12% of the total) within Central America. Geopolitically, however, Mexico is entirely considered part of North America, along with Canada and the United States. Mexico's total area is 1,972,550 km2 (761,606 sq mi), making it the world's 13th l...
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 Guadalajara, MX Compared to national average
-5.3%
City, Country Queretaro, MX Compared to national average
+ 6.9%
City, Country Aguascalientes, MX Compared to national average
-4.4%
City, Country Cuernavaca, MX Compared to national average
+ 3.7%
City, Country San Luis Potosi, MX Compared to national average
-1.4%
City, Country Mexicali, MX Compared to national average
-4.8%
Employees with Finance Manager in their job title in Queretaro, MX earn an average of 6.9% more than the national average. The lower salaries can be found in Guadalajara, MX (5.3% less), Mexicali, MX (4.8% less), Aguascalientes, MX (4.4% less), San Luis Potosi, MX (1.4% less).

Understand the base salary paid range for a Finance Manager in Mexico

Average Base Salary

Core compensation

946580
1770632
1367494
The chart shows the base salary for Finance Manager ranges from MXN$947K to MXN$1,771K with the average base salary of MXN$1,367K. 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 Mexico

What is the salary range for a Finance Manager in Mexico? What is the average hourly rate?

The average salary for a Finance Manager in Mexico is MXN$1,367K per year. The salary range for a Finance Manager is between MXN$947K and MXN$1,771K. While we are seeing hourly wages as high as MXN$851 and as low as MXN$455, the majority of Finance Managers are currently paid an average of MXN$657 in Mexico. 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 Mexico can differ based on any or all of these varying factors. April 08, 2021 salary.com )
Why should you negotiate salary for a Finance Manager role? What are effective negotiation strategies?

Most hiring managers in Mexico 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 Mexico. 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 Mexico, 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 )
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 Mexico 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 Mexico 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 Mexico 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 )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap
Last Update: April 08, 2021