Average Deputy Head of Finance Salary in Belarus for 2024

In this article, we will look at the average Deputy Head of Finance salary for 2024 in Belarus 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 Belarusian ruble. To keep things simple, we are using the BYN currency code instead of the currency symbol Br.

How Much Does a Deputy Head of Finance Make in Belarus?

A Deputy Head of Finance working in Belarus will typically earn around 71,660 BYN per year, and this can range from the lowest average salary of about 32,900 BYN to the highest average salary of 113,420 BYN.

Average Annual Salary
71,660 BYN
Average Monthly Salary
5,971 BYN

Lowest Annual Salary
32,900 BYN
Lowest Monthly Salary
2,741 BYN

Highest Annual Salary
113,420 BYN
Highest Monthly Salary
9,451 BYN

These are average salaries for a Deputy Head of Finance in Belarus and include benefits such as housing and transport. It's also possible for a Deputy Head of Finance to earn more or less than the average salaries shown above.

Deputy Head of Finance 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 Head of Finance Salaries in Belarus

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

Salary ranges

We already know that a Deputy Head of Finance can earn between 32,900 BYN and 113,420 BYN on average in Belarus. 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 Head of Finance in Belarus is 79,120 BYN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 79,120 BYN, and 50% of the population earn more than 79,120 BYN.

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 Head of Finance salary in Belarus, 25% of the population are earning less than 50,080 BYN while 75% of the population earn more than 50,080 BYN.

75% of the population earn less than 103,840 BYN, and 25% of the population earn more than 103,840 BYN.

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 Head of Finance Salary by Experience Level in Belarus

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 head of finance 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 Head of Finance in Belarus that has less than two years of experience can expect to earn somewhere in the region of 37,740 BYN.
  • 2 - 5 Years Experience. With two to five years of experience the average Deputy Head of Finance salary would increase to 50,240 BYN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Deputy Head of Finance, the average salary would be 73,120 BYN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 89,120 BYN.
  • 15 - 20 Years Experience. A Deputy Head of Finance with 15 to 20 years of experience can earn an average of 99,080 BYN.
  • 20+ Years Experience. For a Deputy Head of Finance with more than 20 years, the expected average salary increases to 105,440 BYN.

Average Salary by Experience Chart

0-2 Years
37,740 BYN
2-5 Years +34%
50,240 BYN
5-10 Years +48%
73,120 BYN
10-15 Years +22%
89,120 BYN
15-20 Years +9%
99,080 BYN
20+ Years +8%
105,440 BYN

Deputy Head of Finance Salary by Education Level in Belarus

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 Head of Finance in Belarus 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 Head of Finance in Belarus with a certificate or diploma education can earn an average salary of 43,220 BYN.

  • Bachelor's Degree. A Deputy Head of Finance in Belarus with a bachelor's degree education can earn an average salary of 66,680 BYN.

  • Master's Degree. A Deputy Head of Finance in Belarus with a master's degree education can earn an average salary of 111,240 BYN.

Average Salary by Education Chart

Certificate or Diploma
43,220 BYN
Bachelor's Degree +57%
66,680 BYN
Master's Degree +68%
111,240 BYN

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 Belarus is around 14,700 to 44,000 BYN 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 Head of Finance 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 Belarus, a male deputy head of finance will earn an average of 72,740 BYN, while a female deputy head of finance will earn around 69,580 BYN.

This means that a male deputy head of finance earns approximately 5% more than a female deputy head of finance for performing the same job.

Average Salary by Gender Chart in Belarus

Male
72,740 BYN
Female -5%
69,580 BYN

Deputy Head of Finance Average Pay Raise in Belarus

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 Head of Finance in Belarus is around 13% every 20 months.

The national average pay raise across all professions and industries in Belarus is around 8% every 19 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 ÷ 20 ) × 12  = 8%

What this means is that a Deputy Head of Finance in Belarus can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Belarus for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Belarus.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Deputy Head of Finance Bonus and Incentive Rates in Belarus

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 Head of Finance is a high bonus based job, with 83% of employees reporting at least one bonus in the last 12 months.

17% 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
83%
No Bonus
17%

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 Belarus earn approximately 13% more than private sector employees in the same role.

Public Sector
36,020 BYN
Private Sector -13%
31,980 BYN

Salaries for Jobs Similar to a Deputy Head of Finance

In the table below, we have salary information for jobs that are similar to a Deputy Head of Finance in Belarus.

Job Title Category Salary
Account Examiner Accounting and Finance 20,120 BYN
Account Executive Accounting and Finance 33,440 BYN
Accountant Accounting and Finance 25,680 BYN
Accounting Analyst Accounting and Finance 29,160 BYN
Accounting Assistant Accounting and Finance 21,540 BYN
Accounting Associate Accounting and Finance 17,860 BYN
Accounting Clerk Accounting and Finance 17,260 BYN
Accounting Coordinator Accounting and Finance 22,540 BYN
Accounting Head Accounting and Finance 52,460 BYN
Accounting Manager Accounting and Finance 50,540 BYN
Accounting Officer Accounting and Finance 18,280 BYN
Accounting Specialist Accounting and Finance 35,340 BYN
Accounting Supervisor Accounting and Finance 37,200 BYN
Accounting Technician Accounting and Finance 18,780 BYN
Accounting Unit Controller Accounting and Finance 41,480 BYN
Accounts Executive Accounting and Finance 31,340 BYN
Accounts Officer Accounting and Finance 19,360 BYN
Accounts Payable and Receivable Specialist Accounting and Finance 24,800 BYN
Accounts Payable Assistant Accounting and Finance 18,940 BYN
Accounts Payable Associate Accounting and Finance 24,840 BYN
Accounts Payable Clerk Accounting and Finance 20,120 BYN
Accounts Payable Manager Accounting and Finance 52,460 BYN
Accounts Receivable Administrator Accounting and Finance 37,800 BYN
Accounts Receivable Clerk Accounting and Finance 18,940 BYN
Accounts Receivable Financial Analyst Accounting and Finance 35,000 BYN
Accounts Receivable Manager Accounting and Finance 48,820 BYN
Accounts Receivable Team Leader Accounting and Finance 37,800 BYN
Assistant Accountant Accounting and Finance 19,480 BYN
Assistant Accounting Manager Accounting and Finance 48,140 BYN
Assistant Auditor Accounting and Finance 27,380 BYN
Assistant Corporate Controller Accounting and Finance 35,340 BYN
Assistant Finance Manager Accounting and Finance 51,900 BYN
Assistant Financial Controller Accounting and Finance 35,520 BYN
Audit Director Accounting and Finance 58,720 BYN
Audit Supervisor Accounting and Finance 45,560 BYN
Auditing Clerk Accounting and Finance 19,360 BYN
Auditing Manager Accounting and Finance 52,880 BYN
Billing Clerk Accounting and Finance 21,540 BYN
Billing Coordinator Accounting and Finance 23,380 BYN
Billing Specialist Accounting and Finance 25,660 BYN
Billing Supervisor Accounting and Finance 36,720 BYN
Bookkeeper Accounting and Finance 16,720 BYN
Bookkeeping Specialist Accounting and Finance 24,820 BYN
Budget Analyst Accounting and Finance 46,400 BYN
Budget Manager Accounting and Finance 48,300 BYN
Business Support Analyst Accounting and Finance 27,020 BYN
Capital Markets Associate Accounting and Finance 36,020 BYN
Cash Flow Analyst Accounting and Finance 36,700 BYN
Cash Management Manager Accounting and Finance 50,080 BYN
Cash Management Officer Accounting and Finance 30,800 BYN
Cashbook Clerk Accounting and Finance 15,300 BYN
Chartered Accountant Accounting and Finance 34,160 BYN
Chief Accountant Accounting and Finance 39,080 BYN
Collections Clerk Accounting and Finance 15,580 BYN
Collections Representative Accounting and Finance 20,460 BYN
Collections Specialist Accounting and Finance 25,440 BYN
Corporate Controller Accounting and Finance 36,720 BYN
Corporate Treasurer Accounting and Finance 50,240 BYN
Cost Accountant Accounting and Finance 23,260 BYN
Cost Accounting Manager Accounting and Finance 47,400 BYN
Cost Accounting Supervisor Accounting and Finance 39,800 BYN
Cost Analyst Accounting and Finance 40,240 BYN
Credit and Collection Manager Accounting and Finance 48,740 BYN
Credit and Collection Staff Accounting and Finance 21,540 BYN
Credit and Loans Officer Accounting and Finance 19,220 BYN
Credit Controller Accounting and Finance 37,200 BYN
Credit Manager Accounting and Finance 51,900 BYN
Debt Adviser Accounting and Finance 41,900 BYN
Debt Collector Accounting and Finance 19,380 BYN
Debtors Clerk Accounting and Finance 19,220 BYN
Debtors Controller Accounting and Finance 18,280 BYN
Deputy CFO Accounting and Finance 68,400 BYN
Derivative Trader Accounting and Finance 45,560 BYN
Director of Finance Accounting and Finance 76,540 BYN
Economist Accounting and Finance 57,800 BYN
Equity Analyst Accounting and Finance 43,080 BYN
Escrow Assistant Accounting and Finance 23,500 BYN
Executive Accountant Accounting and Finance 28,720 BYN
External Auditor Accounting and Finance 34,540 BYN
Finance Administrator Accounting and Finance 28,900 BYN
Finance Analyst Accounting and Finance 45,060 BYN
Finance Associate Accounting and Finance 20,460 BYN
Finance Director Accounting and Finance 76,540 BYN
Finance Executive Accounting and Finance 50,660 BYN
Finance Licensing Clerk Accounting and Finance 19,220 BYN
Finance Licensing Manager Accounting and Finance 50,580 BYN
Finance Licensing Specialist Accounting and Finance 28,720 BYN
Finance Manager Accounting and Finance 75,040 BYN
Finance Officer Accounting and Finance 24,800 BYN
Finance President Accounting and Finance 76,540 BYN
Finance Relationship Manager Accounting and Finance 55,820 BYN
Finance Release Analyst Accounting and Finance 30,800 BYN
Finance Specialist Accounting and Finance 39,560 BYN
Finance Team Leader Accounting and Finance 54,560 BYN
Financial Accountant Accounting and Finance 27,380 BYN
Financial Actuary Accounting and Finance 41,980 BYN
Financial Administrator Accounting and Finance 41,900 BYN
Financial Advisor Accounting and Finance 42,960 BYN
Financial Analyst Accounting and Finance 47,120 BYN
Financial Applications Specialist Accounting and Finance 33,960 BYN
Financial Assistant Accounting and Finance 18,940 BYN
Financial Associate Accounting and Finance 19,380 BYN
Financial Associate Accounting and Finance 22,400 BYN
Financial Claims Analyst Accounting and Finance 31,520 BYN
Financial Claims Manager Accounting and Finance 43,340 BYN
Financial Claims Supervisor Accounting and Finance 40,640 BYN
Financial Clerk Accounting and Finance 18,900 BYN
Financial Commercial Analyst Accounting and Finance 36,580 BYN
Financial Compliance Analyst Accounting and Finance 39,800 BYN
Financial Consultant Accounting and Finance 36,940 BYN
Financial Controller Accounting and Finance 40,240 BYN
Financial Controller Accounting and Finance 41,560 BYN
Financial Coordinator Accounting and Finance 21,980 BYN
Financial Customer Service Manager Accounting and Finance 47,580 BYN
Financial Dealer and Broker Accounting and Finance 29,040 BYN
Financial Director Accounting and Finance 72,780 BYN
Financial Encoder Accounting and Finance 19,940 BYN
Financial Manager Accounting and Finance 66,180 BYN
Financial Manager Accounting and Finance 69,260 BYN
Financial Operations Manager Accounting and Finance 64,200 BYN
Financial Policy Analyst Accounting and Finance 41,660 BYN
Financial Project Manager Accounting and Finance 48,300 BYN
Financial Quantitative Analyst Accounting and Finance 45,560 BYN
Financial Reporting Consultant Accounting and Finance 36,580 BYN
Financial Reporting Manager Accounting and Finance 50,240 BYN
Financial Section Head Accounting and Finance 50,240 BYN
Financial Services Manager Accounting and Finance 64,200 BYN
Financial Services Sales Agent Accounting and Finance 25,440 BYN
Fixed Assets Administrator Accounting and Finance 25,660 BYN
Forensic Accountant Accounting and Finance 28,900 BYN
Fraud Detection Supervisor Accounting and Finance 28,860 BYN
Fraud Prevention Manager Accounting and Finance 51,080 BYN
Fund Accountant Accounting and Finance 22,400 BYN
Grants Coordinator Accounting and Finance 17,760 BYN
Group Financial Manager Accounting and Finance 73,880 BYN
Internal Auditor Accounting and Finance 32,900 BYN
Internal Control Adviser Accounting and Finance 36,020 BYN
Internal Control Officer Accounting and Finance 19,980 BYN
International Tax Director Accounting and Finance 58,240 BYN
Inventory Accountant Accounting and Finance 25,660 BYN
Investment Advisor Accounting and Finance 66,960 BYN
Investment Analyst Accounting and Finance 53,120 BYN
Investment Associate Accounting and Finance 43,520 BYN
Investment Broker Accounting and Finance 41,660 BYN
Investment Fund Manager Accounting and Finance 54,180 BYN
Investment Operations Manager Accounting and Finance 56,060 BYN
Investment Underwriter Accounting and Finance 21,400 BYN
Investor Accounting and Finance 35,560 BYN
Investor Relations Manager Accounting and Finance 48,920 BYN
KYC Team Leader Accounting and Finance 50,340 BYN
Loan Processor Accounting and Finance 21,540 BYN
Management Accountant Accounting and Finance 27,480 BYN
Management Economist Accounting and Finance 58,200 BYN
Paymaster Accounting and Finance 19,060 BYN
Payroll Administrator Accounting and Finance 32,200 BYN
Payroll Benefits Coordinator Accounting and Finance 29,040 BYN
Payroll Billing Manager Accounting and Finance 46,160 BYN
Payroll Clerk Accounting and Finance 19,980 BYN
Payroll Manager Accounting and Finance 46,160 BYN
Payroll Officer Accounting and Finance 22,420 BYN
Payroll Specialist Accounting and Finance 29,040 BYN
Payroll Supervisor Accounting and Finance 33,960 BYN
Pensions Administrator Accounting and Finance 27,380 BYN
Personal Financial Advisor Accounting and Finance 37,740 BYN
Pricing Analyst Accounting and Finance 40,640 BYN
Private Equity Analyst Accounting and Finance 43,800 BYN
Project Accountant Accounting and Finance 29,540 BYN
Proposal Development Coordinator Accounting and Finance 20,000 BYN
Receivables Accountant Accounting and Finance 24,280 BYN
Regulatory Accountant Accounting and Finance 26,280 BYN
Retirement Plan Analyst Accounting and Finance 36,720 BYN
Revenue Management Specialist Accounting and Finance 41,900 BYN
Revenue Recognition Analyst Accounting and Finance 45,600 BYN
Risk Management Director Accounting and Finance 59,660 BYN
Risk Management Supervisor Accounting and Finance 52,460 BYN
Staff Accountant Accounting and Finance 25,680 BYN
Tax Accountant Accounting and Finance 23,660 BYN
Tax Administrator Accounting and Finance 29,540 BYN
Tax Advisor Accounting and Finance 41,980 BYN
Tax Analyst Accounting and Finance 38,260 BYN
Tax Associate Accounting and Finance 19,940 BYN
Tax Consultant Accounting and Finance 40,240 BYN
Tax Director Accounting and Finance 57,620 BYN
Tax Examiner Accounting and Finance 25,160 BYN
Tax Manager Accounting and Finance 51,900 BYN
Tax Research Manager Accounting and Finance 49,300 BYN
Teller Accounting and Finance 14,840 BYN
Treasury Accountant Accounting and Finance 25,720 BYN
Treasury Analyst Accounting and Finance 39,560 BYN
Underwriter Accounting and Finance 16,720 BYN
Underwriting Assistant Accounting and Finance 16,400 BYN
Vice President of Finance Accounting and Finance 64,620 BYN

Salary Comparison by City

If you want to compare salaries with different cities in Belarus, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Babruysk 66,960 BYN
Baranovichi 67,360 BYN
Brest 69,060 BYN
Minsk 72,740 BYN
Mogilev 74,300 BYN
Vitebsk 73,820 BYN

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