Average Assistant Finance Manager Salary in Funchal, Portugal for 2026
In this article, we will look at the average Assistant Finance Manager salary for 2026 in Funchal 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol €.
How Much Does an Assistant Finance Manager Make in Funchal?
An Assistant Finance Manager working in Funchal will typically earn around 44,300 EUR per year, and this can range from the lowest average salary of about 23,520 EUR to the highest average salary of 66,940 EUR.
These are average salaries for an Assistant Finance Manager in Funchal and include benefits such as housing and transport. It's also possible for an Assistant Finance Manager to earn more or less than the average salaries shown above.
Assistant Finance Manager 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 Assistant Finance Manager Salaries in Funchal
So we've looked at the average salaries an Assistant Finance Manager will earn in Funchal. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that an Assistant Finance Manager can earn between 23,520 EUR and 66,940 EUR on average in Funchal. 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 an Assistant Finance Manager in Funchal is 41,560 EUR. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 41,560 EUR, and 50% of the population earn more than 41,560 EUR.
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 Assistant Finance Manager salary in Funchal, 25% of the population are earning less than 26,860 EUR while 75% of the population earn more than 26,860 EUR.
75% of the population earn less than 53,860 EUR, and 25% of the population earn more than 53,860 EUR.
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.
Assistant Finance Manager Salary by Experience Level in Funchal
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 Assistant Finance Manager 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. An Assistant Finance Manager in Funchal that has less than two years of experience can expect to earn somewhere in the region of 23,260 EUR.
- 2 - 5 Years Experience. With two to five years of experience the average Assistant Finance Manager salary would increase to 32,200 EUR.
- 5 - 10 Years Experience. From five to ten years of experience as an Assistant Finance Manager, the average salary would be 44,720 EUR.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 52,820 EUR.
- 15 - 20 Years Experience. An Assistant Finance Manager with 15 to 20 years of experience can earn an average of 59,480 EUR.
- 20+ Years Experience. For an Assistant Finance Manager with more than 20 years, the expected average salary increases to 62,460 EUR.
Average Salary by Experience Chart
| 0-2 Years | - | 23,260 EUR |
| 2-5 Years | +31% | 32,200 EUR |
| 5-10 Years | +40% | 44,720 EUR |
| 10-15 Years | +20% | 52,820 EUR |
| 15-20 Years | +9% | 59,480 EUR |
| 20+ Years | +8% | 62,460 EUR |
Assistant Finance Manager Salary by Education Level in Funchal
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 an Assistant Finance Manager in Funchal based on the education level of the employees in order to find out whether a better education level would increase your salary.
- Certificate or Diploma. An Assistant Finance Manager in Funchal with a certificate or diploma education can earn an average salary of 29,540 EUR.
- Bachelor's Degree. An Assistant Finance Manager in Funchal with a bachelor's degree education can earn an average salary of 43,480 EUR.
- Master's Degree. An Assistant Finance Manager in Funchal with a master's degree education can earn an average salary of 61,840 EUR.
Average Salary by Education Chart
| Certificate or Diploma | - | 29,540 EUR |
| Bachelor's Degree | +50% | 43,480 EUR |
| Master's Degree | +48% | 61,840 EUR |
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 Portugal is around 13,800 to 41,300 EUR 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.
Assistant Finance Manager 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 Funchal, a male assistant finance manager will earn an average of 47,540 EUR, while a female assistant finance manager will earn around 45,060 EUR.
This means that a male assistant finance manager earns approximately 6% more than a female assistant finance manager for performing the same job.
Average Salary by Gender Chart in Funchal
| Male | - | 47,540 EUR |
| Female | -6% | 45,060 EUR |
Assistant Finance Manager Average Pay Raise in Funchal
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 an Assistant Finance Manager in Funchal is around 13% every 16 months.
The national average pay raise across all professions and industries in Portugal 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 = ( 13 ÷ 16 ) × 12 = 10%
What this means is that an Assistant Finance Manager in Funchal can expect to receive an average pay raise of around 10% every 12 months.
Annual Pay Raise by Industry in Funchal for 2026
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Portugal.
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% |
Assistant Finance Manager Bonus and Incentive Rates in Funchal
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.
An Assistant Finance Manager is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.
18% 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 5% to 9%.
| Received Bonus | - | 82% |
| No Bonus | - | 18% |
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 Portugal earn approximately 5% more than private sector employees in the same role.
| Public Sector | - | 34,480 EUR |
| Private Sector | -5% | 32,960 EUR |
Salaries for Jobs Similar to an Assistant Finance Manager
In the table below, we have salary information for jobs that are similar to an Assistant Finance Manager in Funchal.
| Job Title | Category | Salary |
|---|---|---|
| Account Examiner | Accounting and Finance | 17,560 EUR |
| Account Executive | Accounting and Finance | 30,840 EUR |
| Accountant | Accounting and Finance | 23,380 EUR |
| Accounting Analyst | Accounting and Finance | 26,500 EUR |
| Accounting Assistant | Accounting and Finance | 16,720 EUR |
| Accounting Associate | Accounting and Finance | 14,140 EUR |
| Accounting Clerk | Accounting and Finance | 11,880 EUR |
| Accounting Coordinator | Accounting and Finance | 21,020 EUR |
| Accounting Head | Accounting and Finance | 46,160 EUR |
| Accounting Manager | Accounting and Finance | 49,300 EUR |
| Accounting Officer | Accounting and Finance | 15,920 EUR |
| Accounting Specialist | Accounting and Finance | 29,600 EUR |
| Accounting Supervisor | Accounting and Finance | 33,120 EUR |
| Accounting Technician | Accounting and Finance | 17,020 EUR |
| Accounting Unit Controller | Accounting and Finance | 37,880 EUR |
| Accounts Executive | Accounting and Finance | 32,020 EUR |
| Accounts Officer | Accounting and Finance | 16,140 EUR |
| Accounts Payable Assistant | Accounting and Finance | 16,980 EUR |
| Accounts Payable Associate | Accounting and Finance | 20,000 EUR |
| Accounts Payable Clerk | Accounting and Finance | 15,300 EUR |
| Accounts Payable Manager | Accounting and Finance | 44,140 EUR |
| Accounts Payable and Receivable Specialist | Accounting and Finance | 23,660 EUR |
| Accounts Receivable Administrator | Accounting and Finance | 32,900 EUR |
| Accounts Receivable Clerk | Accounting and Finance | 15,920 EUR |
| Accounts Receivable Financial Analyst | Accounting and Finance | 31,940 EUR |
| Accounts Receivable Manager | Accounting and Finance | 42,960 EUR |
| Accounts Receivable Team Leader | Accounting and Finance | 33,980 EUR |
| Assistant Accountant | Accounting and Finance | 15,300 EUR |
| Assistant Accounting Manager | Accounting and Finance | 42,040 EUR |
| Assistant Auditor | Accounting and Finance | 24,820 EUR |
| Assistant Corporate Controller | Accounting and Finance | 30,800 EUR |
| Assistant Financial Controller | Accounting and Finance | 32,020 EUR |
| Audit Director | Accounting and Finance | 52,380 EUR |
| Audit Supervisor | Accounting and Finance | 42,320 EUR |
| Auditing Clerk | Accounting and Finance | 16,140 EUR |
| Auditing Manager | Accounting and Finance | 48,340 EUR |
| Billing Clerk | Accounting and Finance | 17,560 EUR |
| Billing Coordinator | Accounting and Finance | 21,540 EUR |
| Billing Specialist | Accounting and Finance | 23,660 EUR |
| Billing Supervisor | Accounting and Finance | 35,300 EUR |
| Bookkeeper | Accounting and Finance | 14,840 EUR |
| Bookkeeping Specialist | Accounting and Finance | 20,940 EUR |
| Budget Analyst | Accounting and Finance | 36,700 EUR |
| Budget Manager | Accounting and Finance | 47,400 EUR |
| Business Support Analyst | Accounting and Finance | 25,720 EUR |
| Capital Markets Associate | Accounting and Finance | 37,200 EUR |
| Cash Flow Analyst | Accounting and Finance | 35,300 EUR |
| Cash Management Manager | Accounting and Finance | 43,080 EUR |
| Cash Management Officer | Accounting and Finance | 26,020 EUR |
| Cashbook Clerk | Accounting and Finance | 17,100 EUR |
| Chartered Accountant | Accounting and Finance | 29,320 EUR |
| Chief Accountant | Accounting and Finance | 31,520 EUR |
| Collections Clerk | Accounting and Finance | 14,620 EUR |
| Collections Representative | Accounting and Finance | 20,500 EUR |
| Collections Specialist | Accounting and Finance | 22,420 EUR |
| Corporate Controller | Accounting and Finance | 37,740 EUR |
| Corporate Treasurer | Accounting and Finance | 41,480 EUR |
| Cost Accountant | Accounting and Finance | 24,840 EUR |
| Cost Accounting Manager | Accounting and Finance | 45,060 EUR |
| Cost Accounting Supervisor | Accounting and Finance | 36,700 EUR |
| Cost Analyst | Accounting and Finance | 39,160 EUR |
| Credit Controller | Accounting and Finance | 31,960 EUR |
| Credit Manager | Accounting and Finance | 46,980 EUR |
| Credit and Collection Manager | Accounting and Finance | 48,340 EUR |
| Credit and Collection Staff | Accounting and Finance | 19,220 EUR |
| Credit and Loans Officer | Accounting and Finance | 18,260 EUR |
| Debt Adviser | Accounting and Finance | 36,700 EUR |
| Debt Collector | Accounting and Finance | 16,140 EUR |
| Debtors Clerk | Accounting and Finance | 14,140 EUR |
| Debtors Controller | Accounting and Finance | 15,920 EUR |
| Deputy CFO | Accounting and Finance | 58,800 EUR |
| Deputy Head of Finance | Accounting and Finance | 61,680 EUR |
| Derivative Trader | Accounting and Finance | 38,620 EUR |
| Director of Finance | Accounting and Finance | 63,400 EUR |
| Economist | Accounting and Finance | 50,980 EUR |
| Equity Analyst | Accounting and Finance | 42,400 EUR |
| Escrow Assistant | Accounting and Finance | 18,940 EUR |
| Executive Accountant | Accounting and Finance | 25,940 EUR |
| External Auditor | Accounting and Finance | 31,660 EUR |
| Finance Administrator | Accounting and Finance | 26,080 EUR |
| Finance Analyst | Accounting and Finance | 40,420 EUR |
| Finance Associate | Accounting and Finance | 18,280 EUR |
| Finance Director | Accounting and Finance | 69,780 EUR |
| Finance Executive | Accounting and Finance | 47,180 EUR |
| Finance Licensing Clerk | Accounting and Finance | 17,100 EUR |
| Finance Licensing Manager | Accounting and Finance | 44,540 EUR |
| Finance Licensing Specialist | Accounting and Finance | 24,800 EUR |
| Finance Manager | Accounting and Finance | 66,020 EUR |
| Finance Officer | Accounting and Finance | 22,420 EUR |
| Finance President | Accounting and Finance | 61,680 EUR |
| Finance Relationship Manager | Accounting and Finance | 54,700 EUR |
| Finance Release Analyst | Accounting and Finance | 25,940 EUR |
| Finance Specialist | Accounting and Finance | 36,580 EUR |
| Finance Team Leader | Accounting and Finance | 50,660 EUR |
| Financial Accountant | Accounting and Finance | 24,820 EUR |
| Financial Actuary | Accounting and Finance | 34,480 EUR |
| Financial Administrator | Accounting and Finance | 39,160 EUR |
| Financial Advisor | Accounting and Finance | 38,700 EUR |
| Financial Analyst | Accounting and Finance | 41,180 EUR |
| Financial Applications Specialist | Accounting and Finance | 28,900 EUR |
| Financial Assistant | Accounting and Finance | 19,200 EUR |
| Financial Associate | Accounting and Finance | 20,120 EUR |
| Financial Associate | Accounting and Finance | 22,540 EUR |
| Financial Claims Analyst | Accounting and Finance | 31,080 EUR |
| Financial Claims Manager | Accounting and Finance | 40,240 EUR |
| Financial Claims Supervisor | Accounting and Finance | 40,240 EUR |
| Financial Clerk | Accounting and Finance | 17,860 EUR |
| Financial Commercial Analyst | Accounting and Finance | 33,960 EUR |
| Financial Compliance Analyst | Accounting and Finance | 37,620 EUR |
| Financial Consultant | Accounting and Finance | 31,380 EUR |
| Financial Controller | Accounting and Finance | 33,980 EUR |
| Financial Controller | Accounting and Finance | 34,360 EUR |
| Financial Coordinator | Accounting and Finance | 21,640 EUR |
| Financial Customer Service Manager | Accounting and Finance | 38,340 EUR |
| Financial Dealer and Broker | Accounting and Finance | 25,940 EUR |
| Financial Director | Accounting and Finance | 66,960 EUR |
| Financial Encoder | Accounting and Finance | 21,540 EUR |
| Financial Manager | Accounting and Finance | 58,440 EUR |
| Financial Manager | Accounting and Finance | 60,920 EUR |
| Financial Operations Manager | Accounting and Finance | 57,320 EUR |
| Financial Policy Analyst | Accounting and Finance | 35,300 EUR |
| Financial Project Manager | Accounting and Finance | 46,720 EUR |
| Financial Quantitative Analyst | Accounting and Finance | 39,800 EUR |
| Financial Reporting Consultant | Accounting and Finance | 34,160 EUR |
| Financial Reporting Manager | Accounting and Finance | 42,320 EUR |
| Financial Section Head | Accounting and Finance | 44,300 EUR |
| Financial Services Manager | Accounting and Finance | 61,400 EUR |
| Financial Services Sales Agent | Accounting and Finance | 23,660 EUR |
| Fixed Assets Administrator | Accounting and Finance | 24,840 EUR |
| Forensic Accountant | Accounting and Finance | 26,100 EUR |
| Fraud Detection Supervisor | Accounting and Finance | 27,020 EUR |
| Fraud Prevention Manager | Accounting and Finance | 46,980 EUR |
| Fund Accountant | Accounting and Finance | 21,560 EUR |
| Grants Coordinator | Accounting and Finance | 17,620 EUR |
| Group Financial Manager | Accounting and Finance | 66,020 EUR |
| Internal Auditor | Accounting and Finance | 32,620 EUR |
| Internal Control Adviser | Accounting and Finance | 38,260 EUR |
| Internal Control Officer | Accounting and Finance | 20,520 EUR |
| International Tax Director | Accounting and Finance | 55,020 EUR |
| Inventory Accountant | Accounting and Finance | 23,140 EUR |
| Investment Advisor | Accounting and Finance | 59,000 EUR |
| Investment Analyst | Accounting and Finance | 45,000 EUR |
| Investment Associate | Accounting and Finance | 37,740 EUR |
| Investment Broker | Accounting and Finance | 38,680 EUR |
| Investment Fund Manager | Accounting and Finance | 49,360 EUR |
| Investment Operations Manager | Accounting and Finance | 48,760 EUR |
| Investment Underwriter | Accounting and Finance | 20,500 EUR |
| Investor | Accounting and Finance | 26,860 EUR |
| Investor Relations Manager | Accounting and Finance | 41,820 EUR |
| KYC Team Leader | Accounting and Finance | 44,300 EUR |
| Loan Processor | Accounting and Finance | 19,220 EUR |
| Management Accountant | Accounting and Finance | 23,700 EUR |
| Management Economist | Accounting and Finance | 49,560 EUR |
| Paymaster | Accounting and Finance | 19,640 EUR |
| Payroll Administrator | Accounting and Finance | 27,560 EUR |
| Payroll Benefits Coordinator | Accounting and Finance | 24,860 EUR |
| Payroll Billing Manager | Accounting and Finance | 42,460 EUR |
| Payroll Clerk | Accounting and Finance | 20,120 EUR |
| Payroll Manager | Accounting and Finance | 44,180 EUR |
| Payroll Officer | Accounting and Finance | 18,280 EUR |
| Payroll Specialist | Accounting and Finance | 24,800 EUR |
| Payroll Supervisor | Accounting and Finance | 28,900 EUR |
| Pensions Administrator | Accounting and Finance | 21,300 EUR |
| Personal Financial Advisor | Accounting and Finance | 35,300 EUR |
| Pricing Analyst | Accounting and Finance | 36,720 EUR |
| Private Equity Analyst | Accounting and Finance | 42,400 EUR |
| Project Accountant | Accounting and Finance | 23,500 EUR |
| Proposal Development Coordinator | Accounting and Finance | 18,900 EUR |
| Receivables Accountant | Accounting and Finance | 21,540 EUR |
| Regulatory Accountant | Accounting and Finance | 23,360 EUR |
| Retirement Plan Analyst | Accounting and Finance | 37,740 EUR |
| Revenue Management Specialist | Accounting and Finance | 36,020 EUR |
| Revenue Recognition Analyst | Accounting and Finance | 42,400 EUR |
| Risk Management Director | Accounting and Finance | 55,220 EUR |
| Risk Management Supervisor | Accounting and Finance | 44,140 EUR |
| Staff Accountant | Accounting and Finance | 21,640 EUR |
| Tax Accountant | Accounting and Finance | 19,980 EUR |
| Tax Administrator | Accounting and Finance | 24,280 EUR |
| Tax Advisor | Accounting and Finance | 37,200 EUR |
| Tax Analyst | Accounting and Finance | 34,960 EUR |
| Tax Associate | Accounting and Finance | 17,740 EUR |
| Tax Consultant | Accounting and Finance | 36,940 EUR |
| Tax Director | Accounting and Finance | 55,940 EUR |
| Tax Examiner | Accounting and Finance | 22,420 EUR |
| Tax Manager | Accounting and Finance | 48,740 EUR |
| Tax Research Manager | Accounting and Finance | 48,140 EUR |
| Teller | Accounting and Finance | 14,620 EUR |
| Treasury Accountant | Accounting and Finance | 22,340 EUR |
| Treasury Analyst | Accounting and Finance | 38,060 EUR |
| Underwriter | Accounting and Finance | 17,260 EUR |
| Underwriting Assistant | Accounting and Finance | 15,580 EUR |
| Vice President of Finance | Accounting and Finance | 63,040 EUR |
Salary Comparison by City
If you want to compare salaries with different cities in Portugal, you can use the links below to explore the data for each specific city we have researched.
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