Average Chief Financial Officer Salary in Brazil for 2024

In this article, we will look at the average Chief Financial Officer salary for 2024 in Brazil 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 Chief Financial Officer Make in Brazil?

A Chief Financial Officer working in Brazil will typically earn around 222,300 BRL per year, and this can range from the lowest average salary of about 116,420 BRL to the highest average salary of 340,400 BRL.

Average Annual Salary
222,300 BRL
Average Monthly Salary
18,525 BRL

Lowest Annual Salary
116,420 BRL
Lowest Monthly Salary
9,701 BRL

Highest Annual Salary
340,400 BRL
Highest Monthly Salary
28,366 BRL

These are average salaries for a Chief Financial Officer in Brazil and include benefits such as housing and transport. It's also possible for a Chief Financial Officer to earn more or less than the average salaries shown above.

Chief Financial Officer 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 Chief Financial Officer Salaries in Brazil

So we've looked at the average salaries a Chief Financial Officer will earn in Brazil. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Chief Financial Officer can earn between 116,420 BRL and 340,400 BRL on average in Brazil. 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 Chief Financial Officer in Brazil is 210,500 BRL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 210,500 BRL, and 50% of the population earn more than 210,500 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 Chief Financial Officer salary in Brazil, 25% of the population are earning less than 148,300 BRL while 75% of the population earn more than 148,300 BRL.

75% of the population earn less than 265,000 BRL, and 25% of the population earn more than 265,000 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.

Chief Financial Officer Salary by Experience Level in Brazil

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 chief financial officer 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 Chief Financial Officer in Brazil that has less than two years of experience can expect to earn somewhere in the region of 128,900 BRL.
  • 2 - 5 Years Experience. With two to five years of experience the average Chief Financial Officer salary would increase to 174,000 BRL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Chief Financial Officer, the average salary would be 227,600 BRL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 275,800 BRL.
  • 15 - 20 Years Experience. A Chief Financial Officer with 15 to 20 years of experience can earn an average of 301,600 BRL.
  • 20+ Years Experience. For a Chief Financial Officer with more than 20 years, the expected average salary increases to 318,800 BRL.

Average Salary by Experience Chart

0-2 Years
128,900 BRL
2-5 Years +34%
174,000 BRL
5-10 Years +30%
227,600 BRL
10-15 Years +21%
275,800 BRL
15-20 Years +9%
301,600 BRL
20+ Years +5%
318,800 BRL

Chief Financial Officer Salary by Education Level in Brazil

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 Chief Financial Officer in Brazil based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Chief Financial Officer in Brazil with a high school education can earn an average salary of 159,100 BRL.

  • Certificate or Diploma. A Chief Financial Officer in Brazil with a certificate or diploma education can earn an average salary of 180,500 BRL.

  • Bachelor's Degree. A Chief Financial Officer in Brazil with a bachelor's degree education can earn an average salary of 254,700 BRL.

  • Master's Degree. A Chief Financial Officer in Brazil with a master's degree education can earn an average salary of 309,800 BRL.

Average Salary by Education Chart

High School
159,100 BRL
Certificate or Diploma +14%
180,500 BRL
Bachelor's Degree +41%
254,700 BRL
Master's Degree +21%
309,800 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.

Chief Financial Officer 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 Brazil, a male chief financial officer will earn an average of 233,600 BRL, while a female chief financial officer will earn around 212,500 BRL.

This means that a male chief financial officer earns approximately 10% more than a female chief financial officer for performing the same job.

Average Salary by Gender Chart in Brazil

Male
233,600 BRL
Female -10%
212,500 BRL

Chief Financial Officer Average Pay Raise in Brazil

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 Chief Financial Officer in Brazil is around 15% every 16 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 = ( 15 ÷ 16 ) × 12  = 11%

What this means is that a Chief Financial Officer in Brazil can expect to receive an average pay raise of around 11% every 12 months.

Annual Pay Raise by Industry in Brazil 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%

Chief Financial Officer Bonus and Incentive Rates in Brazil

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 Chief Financial Officer 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 Chief Financial Officer

In the table below, we have salary information for jobs that are similar to a Chief Financial Officer in Brazil.

Job Title Category Salary
Account Coordinator Executive and Management 99,280 BRL
Account Director Executive and Management 115,520 BRL
Account Executive Executive and Management 113,740 BRL
Account Manager Executive and Management 107,880 BRL
Administration Manager Executive and Management 119,900 BRL
Administration Officer Executive and Management 60,180 BRL
Administration Supervisor Executive and Management 96,560 BRL
Administrative Clerk Executive and Management 46,280 BRL
Administrative Officer Executive and Management 48,740 BRL
Area Director Executive and Management 106,160 BRL
Area Manager Executive and Management 108,300 BRL
Asset Protection Associate Executive and Management 125,700 BRL
Assistant Director Executive and Management 120,040 BRL
Assistant General Manager Executive and Management 125,700 BRL
Assistant Manager Executive and Management 136,100 BRL
Assistant Managing Director Executive and Management 142,300 BRL
Assistant Operations Manager Executive and Management 138,800 BRL
Assistant Project Manager Executive and Management 125,100 BRL
Assistant Section Head Executive and Management 97,300 BRL
Assistant to CEO Executive and Management 108,800 BRL
Assistant Vice President Executive and Management 130,400 BRL
Associate Account Director Executive and Management 118,260 BRL
Associate Director Executive and Management 123,400 BRL
Bid Manager Executive and Management 143,200 BRL
Branch Manager Executive and Management 130,400 BRL
Business Development Manager Executive and Management 152,100 BRL
Business Operations Associate Executive and Management 123,400 BRL
Business Operations Lead Executive and Management 128,500 BRL
Campaign Manager Executive and Management 138,800 BRL
Catering Coordinator Executive and Management 72,360 BRL
Catering Manager Executive and Management 124,400 BRL
CEO Executive and Management 233,600 BRL
Chairman of The Board Executive and Management 237,400 BRL
Chairman Office Manager Executive and Management 146,200 BRL
Chief Commercial Officer Executive and Management 164,200 BRL
Chief Corporate Officer Executive and Management 196,800 BRL
Chief Executive Officer Executive and Management 238,900 BRL
Chief Investment Officer Executive and Management 175,900 BRL
Chief of Staff Executive and Management 112,460 BRL
Chief Operating Officer Executive and Management 168,100 BRL
Chief Risk Officer Executive and Management 150,000 BRL
Client Account Manager Executive and Management 146,200 BRL
Client Accounts Officer Executive and Management 114,820 BRL
Client Services Manager Executive and Management 158,700 BRL
Commercial Director Executive and Management 161,300 BRL
Commercial Manager Executive and Management 137,400 BRL
Commercial Project Manager Executive and Management 128,900 BRL
Commodity Broker Executive and Management 95,860 BRL
COO Executive and Management 181,600 BRL
Corporate Affairs Executive Executive and Management 142,300 BRL
Corporate Compliance Director Executive and Management 150,000 BRL
Corporate Director Executive and Management 161,300 BRL
Corporate Officer Executive and Management 110,380 BRL
Corporate Partnerships Officer Executive and Management 109,000 BRL
Country Manager Executive and Management 190,500 BRL
Department Head Executive and Management 148,300 BRL
Department Manager Executive and Management 137,400 BRL
Department Supervisor Executive and Management 123,400 BRL
Deputy Director Executive and Management 172,200 BRL
Deputy Manager Executive and Management 168,100 BRL
Director Executive and Management 183,600 BRL
Director of Accreditation Executive and Management 151,800 BRL
Director of Catering Services Executive and Management 138,200 BRL
Director of Client Services Executive and Management 152,100 BRL
Director of Facilities Management Executive and Management 128,900 BRL
Director of Operations Executive and Management 151,800 BRL
Director of Process Simplification Executive and Management 119,860 BRL
Director of Product Management Executive and Management 159,400 BRL
Director of Project Management Executive and Management 168,100 BRL
Director of Revenue Management Executive and Management 138,200 BRL
Director of Training and Development Executive and Management 148,300 BRL
Distribution Manager Executive and Management 161,600 BRL
Division Manager Executive and Management 130,400 BRL
Duty Manager Executive and Management 130,400 BRL
Engagement Manager Executive and Management 159,500 BRL
Executive Director Executive and Management 217,900 BRL
Executive Manager Executive and Management 183,600 BRL
Franchise Manager Executive and Management 201,100 BRL
General Manager Executive and Management 180,300 BRL
Global Master Data Manager Executive and Management 159,500 BRL
Global Technical Lead Executive and Management 104,920 BRL
Head of Investment Executive and Management 152,100 BRL
Head of Middle Office Executive and Management 138,200 BRL
Head of Projects Executive and Management 159,500 BRL
Head of Strategy Executive and Management 172,200 BRL
Head of Supply Chain Executive and Management 148,300 BRL
Head of Sustainability Executive and Management 124,400 BRL
Housing Manager Executive and Management 129,000 BRL
HSE Manager Executive and Management 124,400 BRL
Key Account Manager Executive and Management 128,900 BRL
Knowledge Manager Executive and Management 151,800 BRL
Location Manager Executive and Management 143,200 BRL
Logistics Executive Executive and Management 119,900 BRL
Logistics Manager Executive and Management 125,100 BRL
Management Consultant Executive and Management 124,400 BRL
Management Executive Executive and Management 163,800 BRL
Manager Executive and Management 159,400 BRL
Managing Director Executive and Management 194,600 BRL
MIS Executive Executive and Management 151,800 BRL
Ocean Services Manager Executive and Management 158,700 BRL
Operational Manager Executive and Management 157,600 BRL
Operations Analyst Executive and Management 139,100 BRL
Operations Assistant Executive and Management 107,880 BRL
Operations Director Executive and Management 172,400 BRL
Operations Executive Executive and Management 169,000 BRL
Operations Manager Executive and Management 164,200 BRL
Operations Supervisor Executive and Management 143,200 BRL
Planning Director Executive and Management 159,400 BRL
PMO Manager Executive and Management 152,100 BRL
Policy Administration Executive Executive and Management 134,600 BRL
Private Sector Executive Executive and Management 142,300 BRL
Product Development Manager Executive and Management 157,600 BRL
Product Executive Executive and Management 134,600 BRL
Production Executive Executive and Management 158,700 BRL
Production Manager Executive and Management 152,100 BRL
Production Supervisor Executive and Management 139,100 BRL
Program Director Executive and Management 154,700 BRL
Program Manager Executive and Management 164,200 BRL
Programme Coordinator Executive and Management 117,100 BRL
Project Control Manager Executive and Management 161,300 BRL
Project Coordinator Executive and Management 93,220 BRL
Project Management Officer Executive and Management 110,500 BRL
Project Manager Executive and Management 119,700 BRL
Project Portfolio Manager Executive and Management 128,500 BRL
Quality Manager Executive and Management 119,900 BRL
R/D Director Executive and Management 146,200 BRL
Regional Director Executive and Management 210,500 BRL
Regional Manager Executive and Management 161,600 BRL
Relationship Manager Executive and Management 158,700 BRL
Retail District Manager Executive and Management 113,280 BRL
Revenue Manager Executive and Management 118,060 BRL
Risk and Capital Manager Executive and Management 180,300 BRL
Risk Officer Executive and Management 125,100 BRL
Safety Manager Executive and Management 117,600 BRL
Section Head Executive and Management 113,740 BRL
Service Manager Executive and Management 129,000 BRL
Shift Supervisor Executive and Management 95,600 BRL
Solutions Manager Executive and Management 109,720 BRL
Supervisor Executive and Management 92,240 BRL
Supply Chain Manager Executive and Management 161,600 BRL
Surveyor Executive and Management 110,380 BRL
Technical Director Executive and Management 146,200 BRL
Technical Manager Executive and Management 142,300 BRL
Territory Manager Executive and Management 154,700 BRL
Validation Manager Executive and Management 137,400 BRL
Vice President Executive and Management 185,100 BRL
Zone Manager Executive and Management 163,800 BRL

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.

City Average Salary
Aracaju 212,500 BRL
Belem 216,800 BRL
Belo Horizonte 239,000 BRL
Brasilia 239,000 BRL
Campinas 218,900 BRL
Cuiaba 208,600 BRL
Curitiba 217,900 BRL
Fortaleza 246,200 BRL
Goiania 227,600 BRL
Joao Pessoa 201,100 BRL
Londrina 200,000 BRL
Macapa 192,000 BRL
Maceio 204,000 BRL
Manaus 228,500 BRL
Maringa 183,600 BRL
Natal 200,000 BRL
Petrolina and Juazeiro 185,100 BRL
Porto Alegre 214,000 BRL
Recife 221,500 BRL
Rio de Janeiro 232,400 BRL
Salvador 245,300 BRL
Santos 192,600 BRL
Sao Luis 215,100 BRL
Sao Paulo 246,200 BRL
Teresina 210,500 BRL
Vale do Aco 197,600 BRL
Vitoria 195,200 BRL

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