Average Deputy CFO Salary in Brazil for 2024

In this article, we will look at the average Deputy CFO 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 Deputy CFO Make in Brazil?

A Deputy CFO working in Brazil will typically earn around 204,700 BRL per year, and this can range from the lowest average salary of about 104,920 BRL to the highest average salary of 312,400 BRL.

Average Annual Salary
204,700 BRL
Average Monthly Salary
17,058 BRL

Lowest Annual Salary
104,920 BRL
Lowest Monthly Salary
8,743 BRL

Highest Annual Salary
312,400 BRL
Highest Monthly Salary
26,033 BRL

These are average salaries for a Deputy CFO in Brazil 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 Brazil

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

Salary ranges

We already know that a Deputy CFO can earn between 104,920 BRL and 312,400 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 Deputy CFO in Brazil is 196,800 BRL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 196,800 BRL, and 50% of the population earn more than 196,800 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 Brazil, 25% of the population are earning less than 136,200 BRL while 75% of the population earn more than 136,200 BRL.

75% of the population earn less than 240,500 BRL, and 25% of the population earn more than 240,500 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 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 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 Brazil that has less than two years of experience can expect to earn somewhere in the region of 119,700 BRL.
  • 2 - 5 Years Experience. With two to five years of experience the average Deputy CFO salary would increase to 159,500 BRL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Deputy CFO, the average salary would be 208,600 BRL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 252,300 BRL.
  • 15 - 20 Years Experience. A Deputy CFO with 15 to 20 years of experience can earn an average of 275,500 BRL.
  • 20+ Years Experience. For a Deputy CFO with more than 20 years, the expected average salary increases to 292,000 BRL.

Average Salary by Experience Chart

0-2 Years
119,700 BRL
2-5 Years +34%
159,500 BRL
5-10 Years +30%
208,600 BRL
10-15 Years +21%
252,300 BRL
15-20 Years +9%
275,500 BRL
20+ Years +5%
292,000 BRL

Deputy CFO 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 Deputy CFO in Brazil 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. A Deputy CFO in Brazil with a certificate or diploma education can earn an average salary of 143,200 BRL.

  • Bachelor's Degree. A Deputy CFO in Brazil with a bachelor's degree education can earn an average salary of 215,100 BRL.

  • Master's Degree. A Deputy CFO in Brazil with a master's degree education can earn an average salary of 308,900 BRL.

Average Salary by Education Chart

Certificate or Diploma
143,200 BRL
Bachelor's Degree +52%
215,100 BRL
Master's Degree +42%
308,900 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 Brazil, 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 Brazil

Male
214,000 BRL
Female -9%
196,800 BRL

Deputy CFO 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 Deputy CFO in Brazil 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 Brazil can expect to receive an average pay raise of around 10% 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%

Deputy CFO 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 Deputy CFO is a high bonus based job, with 80% of employees reporting at least one bonus in the last 12 months.

20% 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
80%
No Bonus
20%

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 Brazil.

Job Title Category Salary
Account Examiner Accounting and Finance 56,100 BRL
Account Executive Accounting and Finance 90,980 BRL
Accountant Accounting and Finance 69,240 BRL
Accounting Analyst Accounting and Finance 88,580 BRL
Accounting Assistant Accounting and Finance 56,640 BRL
Accounting Associate Accounting and Finance 54,700 BRL
Accounting Clerk Accounting and Finance 44,720 BRL
Accounting Coordinator Accounting and Finance 64,620 BRL
Accounting Head Accounting and Finance 143,200 BRL
Accounting Manager Accounting and Finance 152,000 BRL
Accounting Officer Accounting and Finance 52,300 BRL
Accounting Specialist Accounting and Finance 102,380 BRL
Accounting Supervisor Accounting and Finance 101,840 BRL
Accounting Technician Accounting and Finance 53,840 BRL
Accounting Unit Controller Accounting and Finance 123,400 BRL
Accounts Executive Accounting and Finance 89,980 BRL
Accounts Officer Accounting and Finance 55,940 BRL
Accounts Payable and Receivable Specialist Accounting and Finance 72,360 BRL
Accounts Payable Assistant Accounting and Finance 55,580 BRL
Accounts Payable Associate Accounting and Finance 63,040 BRL
Accounts Payable Clerk Accounting and Finance 56,100 BRL
Accounts Payable Manager Accounting and Finance 152,100 BRL
Accounts Receivable Administrator Accounting and Finance 107,900 BRL
Accounts Receivable Clerk Accounting and Finance 51,120 BRL
Accounts Receivable Financial Analyst Accounting and Finance 105,940 BRL
Accounts Receivable Manager Accounting and Finance 143,200 BRL
Accounts Receivable Team Leader Accounting and Finance 104,900 BRL
Assistant Accountant Accounting and Finance 58,240 BRL
Assistant Accounting Manager Accounting and Finance 138,200 BRL
Assistant Auditor Accounting and Finance 72,700 BRL
Assistant Corporate Controller Accounting and Finance 102,380 BRL
Assistant Finance Manager Accounting and Finance 159,100 BRL
Assistant Financial Controller Accounting and Finance 97,880 BRL
Audit Director Accounting and Finance 172,200 BRL
Audit Supervisor Accounting and Finance 125,700 BRL
Auditing Clerk Accounting and Finance 55,940 BRL
Auditing Manager Accounting and Finance 150,000 BRL
Billing Clerk Accounting and Finance 56,640 BRL
Billing Coordinator Accounting and Finance 64,720 BRL
Billing Specialist Accounting and Finance 73,980 BRL
Billing Supervisor Accounting and Finance 107,580 BRL
Bookkeeper Accounting and Finance 47,580 BRL
Bookkeeping Specialist Accounting and Finance 73,260 BRL
Budget Analyst Accounting and Finance 129,000 BRL
Budget Manager Accounting and Finance 142,300 BRL
Business Support Analyst Accounting and Finance 80,540 BRL
Capital Markets Associate Accounting and Finance 110,340 BRL
Cash Flow Analyst Accounting and Finance 108,800 BRL
Cash Management Manager Accounting and Finance 148,300 BRL
Cash Management Officer Accounting and Finance 86,800 BRL
Cashbook Clerk Accounting and Finance 50,660 BRL
Chartered Accountant Accounting and Finance 89,340 BRL
Chief Accountant Accounting and Finance 106,160 BRL
Collections Clerk Accounting and Finance 45,620 BRL
Collections Representative Accounting and Finance 60,840 BRL
Collections Specialist Accounting and Finance 77,620 BRL
Corporate Controller Accounting and Finance 115,600 BRL
Corporate Treasurer Accounting and Finance 143,200 BRL
Cost Accountant Accounting and Finance 69,040 BRL
Cost Accounting Manager Accounting and Finance 139,100 BRL
Cost Accounting Supervisor Accounting and Finance 118,060 BRL
Cost Analyst Accounting and Finance 115,520 BRL
Credit and Collection Manager Accounting and Finance 138,200 BRL
Credit and Collection Staff Accounting and Finance 52,880 BRL
Credit and Loans Officer Accounting and Finance 52,820 BRL
Credit Controller Accounting and Finance 103,580 BRL
Credit Manager Accounting and Finance 159,100 BRL
Debt Adviser Accounting and Finance 124,400 BRL
Debt Collector Accounting and Finance 57,080 BRL
Debtors Clerk Accounting and Finance 53,120 BRL
Debtors Controller Accounting and Finance 52,300 BRL
Deputy Head of Finance Accounting and Finance 196,800 BRL
Derivative Trader Accounting and Finance 124,400 BRL
Director of Finance Accounting and Finance 225,300 BRL
Economist Accounting and Finance 167,100 BRL
Equity Analyst Accounting and Finance 136,100 BRL
Escrow Assistant Accounting and Finance 64,300 BRL
Executive Accountant Accounting and Finance 82,720 BRL
External Auditor Accounting and Finance 102,160 BRL
Finance Administrator Accounting and Finance 89,120 BRL
Finance Analyst Accounting and Finance 134,600 BRL
Finance Associate Accounting and Finance 60,840 BRL
Finance Director Accounting and Finance 214,000 BRL
Finance Executive Accounting and Finance 157,600 BRL
Finance Licensing Clerk Accounting and Finance 52,820 BRL
Finance Licensing Manager Accounting and Finance 148,300 BRL
Finance Licensing Specialist Accounting and Finance 78,960 BRL
Finance Manager Accounting and Finance 209,700 BRL
Finance Officer Accounting and Finance 72,260 BRL
Finance President Accounting and Finance 225,300 BRL
Finance Relationship Manager Accounting and Finance 168,100 BRL
Finance Release Analyst Accounting and Finance 83,200 BRL
Finance Specialist Accounting and Finance 116,960 BRL
Finance Team Leader Accounting and Finance 164,200 BRL
Financial Accountant Accounting and Finance 72,700 BRL
Financial Actuary Accounting and Finance 107,860 BRL
Financial Administrator Accounting and Finance 119,080 BRL
Financial Advisor Accounting and Finance 128,900 BRL
Financial Analyst Accounting and Finance 139,100 BRL
Financial Applications Specialist Accounting and Finance 93,340 BRL
Financial Assistant Accounting and Finance 55,580 BRL
Financial Associate Accounting and Finance 57,080 BRL
Financial Associate Accounting and Finance 69,720 BRL
Financial Claims Analyst Accounting and Finance 101,020 BRL
Financial Claims Manager Accounting and Finance 136,100 BRL
Financial Claims Supervisor Accounting and Finance 117,660 BRL
Financial Clerk Accounting and Finance 54,180 BRL
Financial Commercial Analyst Accounting and Finance 105,800 BRL
Financial Compliance Analyst Accounting and Finance 113,280 BRL
Financial Consultant Accounting and Finance 96,980 BRL
Financial Controller Accounting and Finance 115,520 BRL
Financial Controller Accounting and Finance 117,600 BRL
Financial Coordinator Accounting and Finance 65,800 BRL
Financial Customer Service Manager Accounting and Finance 128,500 BRL
Financial Dealer and Broker Accounting and Finance 80,800 BRL
Financial Director Accounting and Finance 207,800 BRL
Financial Encoder Accounting and Finance 60,600 BRL
Financial Manager Accounting and Finance 196,800 BRL
Financial Manager Accounting and Finance 197,600 BRL
Financial Operations Manager Accounting and Finance 185,100 BRL
Financial Policy Analyst Accounting and Finance 115,260 BRL
Financial Project Manager Accounting and Finance 142,300 BRL
Financial Quantitative Analyst Accounting and Finance 124,400 BRL
Financial Reporting Consultant Accounting and Finance 105,800 BRL
Financial Reporting Manager Accounting and Finance 143,200 BRL
Financial Section Head Accounting and Finance 136,200 BRL
Financial Services Manager Accounting and Finance 185,100 BRL
Financial Services Sales Agent Accounting and Finance 78,940 BRL
Fixed Assets Administrator Accounting and Finance 73,820 BRL
Forensic Accountant Accounting and Finance 82,520 BRL
Fraud Detection Supervisor Accounting and Finance 91,380 BRL
Fraud Prevention Manager Accounting and Finance 154,700 BRL
Fund Accountant Accounting and Finance 69,240 BRL
Grants Coordinator Accounting and Finance 55,580 BRL
Group Financial Manager Accounting and Finance 221,500 BRL
Internal Auditor Accounting and Finance 102,380 BRL
Internal Control Adviser Accounting and Finance 116,540 BRL
Internal Control Officer Accounting and Finance 66,480 BRL
International Tax Director Accounting and Finance 169,000 BRL
Inventory Accountant Accounting and Finance 79,240 BRL
Investment Advisor Accounting and Finance 194,600 BRL
Investment Analyst Accounting and Finance 148,300 BRL
Investment Associate Accounting and Finance 118,520 BRL
Investment Broker Accounting and Finance 115,220 BRL
Investment Fund Manager Accounting and Finance 163,800 BRL
Investment Operations Manager Accounting and Finance 159,500 BRL
Investment Underwriter Accounting and Finance 66,020 BRL
Investor Accounting and Finance 96,180 BRL
Investor Relations Manager Accounting and Finance 138,800 BRL
KYC Team Leader Accounting and Finance 146,200 BRL
Loan Processor Accounting and Finance 59,240 BRL
Management Accountant Accounting and Finance 83,020 BRL
Management Economist Accounting and Finance 161,600 BRL
Paymaster Accounting and Finance 60,480 BRL
Payroll Administrator Accounting and Finance 95,720 BRL
Payroll Benefits Coordinator Accounting and Finance 79,240 BRL
Payroll Billing Manager Accounting and Finance 136,200 BRL
Payroll Clerk Accounting and Finance 66,480 BRL
Payroll Manager Accounting and Finance 129,000 BRL
Payroll Officer Accounting and Finance 65,080 BRL
Payroll Specialist Accounting and Finance 73,760 BRL
Payroll Supervisor Accounting and Finance 93,340 BRL
Pensions Administrator Accounting and Finance 73,760 BRL
Personal Financial Advisor Accounting and Finance 110,380 BRL
Pricing Analyst Accounting and Finance 117,660 BRL
Private Equity Analyst Accounting and Finance 136,200 BRL
Project Accountant Accounting and Finance 77,860 BRL
Proposal Development Coordinator Accounting and Finance 61,780 BRL
Receivables Accountant Accounting and Finance 67,120 BRL
Regulatory Accountant Accounting and Finance 82,720 BRL
Retirement Plan Analyst Accounting and Finance 115,600 BRL
Revenue Management Specialist Accounting and Finance 124,400 BRL
Revenue Recognition Analyst Accounting and Finance 142,300 BRL
Risk Management Director Accounting and Finance 175,900 BRL
Risk Management Supervisor Accounting and Finance 152,100 BRL
Staff Accountant Accounting and Finance 69,240 BRL
Tax Accountant Accounting and Finance 66,100 BRL
Tax Administrator Accounting and Finance 83,400 BRL
Tax Advisor Accounting and Finance 107,860 BRL
Tax Analyst Accounting and Finance 112,620 BRL
Tax Associate Accounting and Finance 60,600 BRL
Tax Consultant Accounting and Finance 119,700 BRL
Tax Director Accounting and Finance 161,600 BRL
Tax Examiner Accounting and Finance 80,800 BRL
Tax Manager Accounting and Finance 146,200 BRL
Tax Research Manager Accounting and Finance 151,800 BRL
Teller Accounting and Finance 46,400 BRL
Treasury Accountant Accounting and Finance 75,980 BRL
Treasury Analyst Accounting and Finance 119,900 BRL
Underwriter Accounting and Finance 48,560 BRL
Underwriting Assistant Accounting and Finance 45,600 BRL
Vice President of Finance Accounting and Finance 201,100 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 183,600 BRL
Belem 207,700 BRL
Belo Horizonte 218,900 BRL
Brasilia 228,000 BRL
Campinas 195,200 BRL
Cuiaba 192,000 BRL
Curitiba 221,500 BRL
Fortaleza 221,500 BRL
Goiania 209,700 BRL
Joao Pessoa 192,000 BRL
Londrina 183,600 BRL
Macapa 191,600 BRL
Maceio 207,700 BRL
Manaus 221,500 BRL
Maringa 180,300 BRL
Natal 195,200 BRL
Petrolina and Juazeiro 181,600 BRL
Porto Alegre 210,500 BRL
Recife 207,700 BRL
Rio de Janeiro 221,500 BRL
Salvador 210,500 BRL
Santos 175,900 BRL
Sao Luis 204,000 BRL
Sao Paulo 218,900 BRL
Teresina 189,300 BRL
Vale do Aco 187,300 BRL
Vitoria 169,000 BRL

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