Average Deputy CFO Salary in Salvador, Brazil for 2024
In this article, we will look at the average Deputy CFO salary for 2024 in Salvador and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!
The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.
All salary information is in the local currency, which is the Brazilian real. To keep things simple, we are using the BRL currency code instead of the currency symbol R$.
How Much Does a Deputy CFO Make in Salvador?
A Deputy CFO working in Salvador will typically earn around 210,500 BRL per year, and this can range from the lowest average salary of about 110,380 BRL to the highest average salary of 325,800 BRL.
These are average salaries for a Deputy CFO in Salvador and include benefits such as housing and transport. It's also possible for a Deputy CFO to earn more or less than the average salaries shown above.
Deputy CFO salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.
Distribution of Deputy CFO Salaries in Salvador
So we've looked at the average salaries a Deputy CFO will earn in Salvador. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Deputy CFO can earn between 110,380 BRL and 325,800 BRL on average in Salvador. This is known as the range in statistics.
The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.
Median salary
The median salary for a Deputy CFO in Salvador is 205,700 BRL. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 205,700 BRL, and 50% of the population earn more than 205,700 BRL.
If you are earning more than the median salary, that's a good indicator that you are being paid well.
If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).
Percentiles
Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.
For the average Deputy CFO salary in Salvador, 25% of the population are earning less than 142,300 BRL while 75% of the population earn more than 142,300 BRL.
75% of the population earn less than 252,300 BRL, and 25% of the population earn more than 252,300 BRL.
Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.
The difference between a median and an average salary
The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.
- If your salary is higher than the average and the median salary, you are earning well compared to others.
- If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
- If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.
Deputy CFO Salary by Experience Level in Salvador
The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.
We have researched the average deputy cfo salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.
- 0 - 2 Years Experience. A Deputy CFO in Salvador that has less than two years of experience can expect to earn somewhere in the region of 124,400 BRL.
- 2 - 5 Years Experience. With two to five years of experience the average Deputy CFO salary would increase to 167,100 BRL.
- 5 - 10 Years Experience. From five to ten years of experience as a Deputy CFO, the average salary would be 217,900 BRL.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 263,900 BRL.
- 15 - 20 Years Experience. A Deputy CFO with 15 to 20 years of experience can earn an average of 290,800 BRL.
- 20+ Years Experience. For a Deputy CFO with more than 20 years, the expected average salary increases to 301,700 BRL.
Average Salary by Experience Chart
0-2 Years |
124,400 BRL
|
|
2-5 Years | +34% |
167,100 BRL
|
5-10 Years | +30% |
217,900 BRL
|
10-15 Years | +21% |
263,900 BRL
|
15-20 Years | +9% |
290,800 BRL
|
20+ Years | +5% |
301,700 BRL
|
Deputy CFO Salary by Education Level in Salvador
As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?
In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.
The salary you can earn based on your education is very specific to both your location and the career path you choose.
In our research, we looked at the average salary for a Deputy CFO in Salvador based on the education level of the employees in order to find out whether a better education level would increase your salary.
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Certificate or Diploma. A Deputy CFO in Salvador with a certificate or diploma education can earn an average salary of 150,000 BRL.
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Bachelor's Degree. A Deputy CFO in Salvador with a bachelor's degree education can earn an average salary of 225,300 BRL.
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Master's Degree. A Deputy CFO in Salvador with a master's degree education can earn an average salary of 319,600 BRL.
Average Salary by Education Chart
Certificate or Diploma |
150,000 BRL
|
|
Bachelor's Degree | +52% |
225,300 BRL
|
Master's Degree | +42% |
319,600 BRL
|
How Much is a Master's Degree or MBA Program?
The approximate cost of a master's degree or post-graduate program like an MBA in Brazil is around 42,800 to 128,000 BRL and takes two years to complete.
As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.
It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.
Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.
Deputy CFO Salary Compared by Gender
In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.
In Salvador, a male deputy cfo will earn an average of 214,000 BRL, while a female deputy cfo will earn around 196,800 BRL.
This means that a male deputy cfo earns approximately 9% more than a female deputy cfo for performing the same job.
Average Salary by Gender Chart in Salvador
Male |
214,000 BRL
|
|
Female | -9% |
196,800 BRL
|
Deputy CFO Average Pay Raise in Salvador
In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.
From our research, we can see that the average pay raise for a Deputy CFO in Salvador is around 14% every 17 months.
The national average pay raise across all professions and industries in Brazil is around 9% every 16 months.
In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.
To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:
Annual Increase = ( Increase Rate ÷ Months ) × 12
So for this example, it would be:
Annual Increase = ( 14 ÷ 17 ) × 12 = 10%
What this means is that a Deputy CFO in Salvador can expect to receive an average pay raise of around 10% every 12 months.
Annual Pay Raise by Industry in Salvador for 2024
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Brazil.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
Banking |
3%
|
|
Energy |
6%
|
|
Information Technology |
9%
|
|
Healthcare |
3%
|
|
Travel |
6%
|
|
Construction |
9%
|
|
Education |
3%
|
Deputy CFO Bonus and Incentive Rates in Salvador
Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.
Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.
A Deputy CFO is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.
19% reported that they had not received any bonuses in the previous 12 months.
For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.
Received Bonus |
81%
|
|
No Bonus |
19%
|
What are the Types of Bonus?
There are a number of difference types of bonus you can receive in a job. Including:
- Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
- Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
- Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
- Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.
Government vs Private Sector Salaries
Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.
Public sector employees in Brazil earn approximately 7% more than private sector employees in the same role.
Public Sector |
106,500 BRL
|
|
Private Sector | -7% |
99,460 BRL
|
Salaries for Jobs Similar to a Deputy CFO
In the table below, we have salary information for jobs that are similar to a Deputy CFO in Salvador.
Salary Comparison by City
If you want to compare salaries with different cities in Brazil, you can use the links below to explore the data for each specific city we have researched.
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