Average Finance Director Salary in Bucharest, Romania for 2024

In this article, we will look at the average Finance Director salary for 2024 in Bucharest 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 Romanian leu. To keep things simple, we are using the RON currency code instead of the currency symbol lei.

How Much Does a Finance Director Make in Bucharest?

A Finance Director working in Bucharest will typically earn around 239,000 RON per year, and this can range from the lowest average salary of about 113,560 RON to the highest average salary of 376,800 RON.

Average Annual Salary
239,000 RON
Average Monthly Salary
19,916 RON

Lowest Annual Salary
113,560 RON
Lowest Monthly Salary
9,463 RON

Highest Annual Salary
376,800 RON
Highest Monthly Salary
31,400 RON

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

Finance Director 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 Finance Director Salaries in Bucharest

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

Salary ranges

We already know that a Finance Director can earn between 113,560 RON and 376,800 RON on average in Bucharest. 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 Finance Director in Bucharest is 251,500 RON. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 251,500 RON, and 50% of the population earn more than 251,500 RON.

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 Finance Director salary in Bucharest, 25% of the population are earning less than 163,800 RON while 75% of the population earn more than 163,800 RON.

75% of the population earn less than 325,600 RON, and 25% of the population earn more than 325,600 RON.

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.

Finance Director Salary by Experience Level in Bucharest

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 finance director 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 Finance Director in Bucharest that has less than two years of experience can expect to earn somewhere in the region of 136,100 RON.
  • 2 - 5 Years Experience. With two to five years of experience the average Finance Director salary would increase to 192,000 RON.
  • 5 - 10 Years Experience. From five to ten years of experience as a Finance Director, the average salary would be 249,600 RON.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 309,800 RON.
  • 15 - 20 Years Experience. A Finance Director with 15 to 20 years of experience can earn an average of 327,800 RON.
  • 20+ Years Experience. For a Finance Director with more than 20 years, the expected average salary increases to 359,900 RON.

Average Salary by Experience Chart

0-2 Years
136,100 RON
2-5 Years +42%
192,000 RON
5-10 Years +31%
249,600 RON
10-15 Years +23%
309,800 RON
15-20 Years +6%
327,800 RON
20+ Years +10%
359,900 RON

Finance Director Salary by Education Level in Bucharest

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 Finance Director in Bucharest 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 Finance Director in Bucharest with a certificate or diploma education can earn an average salary of 168,100 RON.

  • Bachelor's Degree. A Finance Director in Bucharest with a bachelor's degree education can earn an average salary of 205,700 RON.

  • Master's Degree. A Finance Director in Bucharest with a master's degree education can earn an average salary of 268,900 RON.

  • PhD. A Finance Director in Bucharest with a phd education can earn an average salary of 345,700 RON.

Average Salary by Education Chart

Certificate or Diploma
168,100 RON
Bachelor's Degree +22%
205,700 RON
Master's Degree +32%
268,900 RON
PhD +29%
345,700 RON

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 Romania is around 44,900 to 135,000 RON 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.

Finance Director 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 Bucharest, a male finance director will earn an average of 217,900 RON, while a female finance director will earn around 201,100 RON.

This means that a male finance director earns approximately 8% more than a female finance director for performing the same job.

Average Salary by Gender Chart in Bucharest

Male
217,900 RON
Female -8%
201,100 RON

Finance Director Average Pay Raise in Bucharest

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 Finance Director in Bucharest is around 13% every 20 months.

The national average pay raise across all professions and industries in Romania is around 8% every 18 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 Finance Director in Bucharest can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Bucharest for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Finance Director Bonus and Incentive Rates in Bucharest

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 Finance Director is a high bonus based job, with 77% of employees reporting at least one bonus in the last 12 months.

23% 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
77%
No Bonus
23%

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 Romania earn approximately 7% more than private sector employees in the same role.

Public Sector
112,660 RON
Private Sector -7%
105,620 RON

Salaries for Jobs Similar to a Finance Director

In the table below, we have salary information for jobs that are similar to a Finance Director in Bucharest.

Job Title Category Salary
Account Examiner Accounting and Finance 55,820 RON
Account Executive Accounting and Finance 93,120 RON
Accountant Accounting and Finance 72,780 RON
Accounting Analyst Accounting and Finance 89,120 RON
Accounting Assistant Accounting and Finance 54,700 RON
Accounting Associate Accounting and Finance 51,340 RON
Accounting Clerk Accounting and Finance 44,720 RON
Accounting Coordinator Accounting and Finance 67,120 RON
Accounting Head Accounting and Finance 146,200 RON
Accounting Manager Accounting and Finance 159,500 RON
Accounting Officer Accounting and Finance 53,660 RON
Accounting Specialist Accounting and Finance 96,540 RON
Accounting Supervisor Accounting and Finance 105,880 RON
Accounting Technician Accounting and Finance 51,900 RON
Accounting Unit Controller Accounting and Finance 119,700 RON
Accounts Executive Accounting and Finance 92,300 RON
Accounts Officer Accounting and Finance 58,000 RON
Accounts Payable and Receivable Specialist Accounting and Finance 77,400 RON
Accounts Payable Assistant Accounting and Finance 59,380 RON
Accounts Payable Associate Accounting and Finance 63,480 RON
Accounts Payable Clerk Accounting and Finance 56,060 RON
Accounts Payable Manager Accounting and Finance 143,200 RON
Accounts Receivable Administrator Accounting and Finance 107,860 RON
Accounts Receivable Clerk Accounting and Finance 53,860 RON
Accounts Receivable Financial Analyst Accounting and Finance 102,380 RON
Accounts Receivable Manager Accounting and Finance 150,000 RON
Accounts Receivable Team Leader Accounting and Finance 101,960 RON
Assistant Accountant Accounting and Finance 55,020 RON
Assistant Accounting Manager Accounting and Finance 138,800 RON
Assistant Auditor Accounting and Finance 70,700 RON
Assistant Corporate Controller Accounting and Finance 101,980 RON
Assistant Finance Manager Accounting and Finance 159,400 RON
Assistant Financial Controller Accounting and Finance 96,980 RON
Audit Director Accounting and Finance 159,500 RON
Audit Supervisor Accounting and Finance 139,100 RON
Auditing Clerk Accounting and Finance 58,000 RON
Auditing Manager Accounting and Finance 159,400 RON
Billing Clerk Accounting and Finance 57,080 RON
Billing Coordinator Accounting and Finance 68,060 RON
Billing Specialist Accounting and Finance 80,060 RON
Billing Supervisor Accounting and Finance 107,880 RON
Bookkeeper Accounting and Finance 47,180 RON
Bookkeeping Specialist Accounting and Finance 74,540 RON
Budget Analyst Accounting and Finance 128,900 RON
Budget Manager Accounting and Finance 152,000 RON
Business Support Analyst Accounting and Finance 80,020 RON
Capital Markets Associate Accounting and Finance 108,300 RON
Cash Flow Analyst Accounting and Finance 111,240 RON
Cash Management Manager Accounting and Finance 138,800 RON
Cash Management Officer Accounting and Finance 87,060 RON
Cashbook Clerk Accounting and Finance 47,580 RON
Chartered Accountant Accounting and Finance 94,940 RON
Chief Accountant Accounting and Finance 115,560 RON
Collections Clerk Accounting and Finance 48,340 RON
Collections Representative Accounting and Finance 63,700 RON
Collections Specialist Accounting and Finance 73,820 RON
Corporate Controller Accounting and Finance 115,520 RON
Corporate Treasurer Accounting and Finance 142,300 RON
Cost Accountant Accounting and Finance 70,880 RON
Cost Accounting Manager Accounting and Finance 142,300 RON
Cost Accounting Supervisor Accounting and Finance 125,100 RON
Cost Analyst Accounting and Finance 114,380 RON
Credit and Collection Manager Accounting and Finance 148,300 RON
Credit and Collection Staff Accounting and Finance 52,300 RON
Credit and Loans Officer Accounting and Finance 56,140 RON
Credit Controller Accounting and Finance 98,000 RON
Credit Manager Accounting and Finance 157,600 RON
Debt Adviser Accounting and Finance 125,100 RON
Debt Collector Accounting and Finance 57,440 RON
Debtors Clerk Accounting and Finance 48,740 RON
Debtors Controller Accounting and Finance 53,660 RON
Deputy CFO Accounting and Finance 194,600 RON
Deputy Head of Finance Accounting and Finance 204,000 RON
Derivative Trader Accounting and Finance 128,900 RON
Director of Finance Accounting and Finance 212,500 RON
Economist Accounting and Finance 172,400 RON
Equity Analyst Accounting and Finance 128,500 RON
Escrow Assistant Accounting and Finance 66,940 RON
Executive Accountant Accounting and Finance 83,760 RON
External Auditor Accounting and Finance 105,800 RON
Finance Administrator Accounting and Finance 88,260 RON
Finance Analyst Accounting and Finance 136,200 RON
Finance Associate Accounting and Finance 64,720 RON
Finance Executive Accounting and Finance 159,400 RON
Finance Licensing Clerk Accounting and Finance 53,160 RON
Finance Licensing Manager Accounting and Finance 138,800 RON
Finance Licensing Specialist Accounting and Finance 77,120 RON
Finance Manager Accounting and Finance 196,800 RON
Finance Officer Accounting and Finance 69,040 RON
Finance President Accounting and Finance 228,500 RON
Finance Relationship Manager Accounting and Finance 163,800 RON
Finance Release Analyst Accounting and Finance 80,800 RON
Finance Specialist Accounting and Finance 124,400 RON
Finance Team Leader Accounting and Finance 172,200 RON
Financial Accountant Accounting and Finance 70,700 RON
Financial Actuary Accounting and Finance 115,600 RON
Financial Administrator Accounting and Finance 119,700 RON
Financial Advisor Accounting and Finance 136,100 RON
Financial Analyst Accounting and Finance 129,000 RON
Financial Applications Specialist Accounting and Finance 86,800 RON
Financial Assistant Accounting and Finance 60,880 RON
Financial Associate Accounting and Finance 58,440 RON
Financial Associate Accounting and Finance 70,940 RON
Financial Claims Analyst Accounting and Finance 101,020 RON
Financial Claims Manager Accounting and Finance 129,000 RON
Financial Claims Supervisor Accounting and Finance 116,180 RON
Financial Clerk Accounting and Finance 57,900 RON
Financial Commercial Analyst Accounting and Finance 103,580 RON
Financial Compliance Analyst Accounting and Finance 123,400 RON
Financial Consultant Accounting and Finance 101,840 RON
Financial Controller Accounting and Finance 115,560 RON
Financial Controller Accounting and Finance 119,560 RON
Financial Coordinator Accounting and Finance 70,940 RON
Financial Customer Service Manager Accounting and Finance 136,100 RON
Financial Dealer and Broker Accounting and Finance 80,180 RON
Financial Director Accounting and Finance 221,500 RON
Financial Encoder Accounting and Finance 60,020 RON
Financial Manager Accounting and Finance 196,800 RON
Financial Manager Accounting and Finance 204,000 RON
Financial Operations Manager Accounting and Finance 180,300 RON
Financial Policy Analyst Accounting and Finance 111,240 RON
Financial Project Manager Accounting and Finance 151,800 RON
Financial Quantitative Analyst Accounting and Finance 127,700 RON
Financial Reporting Consultant Accounting and Finance 107,880 RON
Financial Reporting Manager Accounting and Finance 137,400 RON
Financial Section Head Accounting and Finance 148,300 RON
Financial Services Manager Accounting and Finance 183,600 RON
Financial Services Sales Agent Accounting and Finance 78,940 RON
Fixed Assets Administrator Accounting and Finance 72,260 RON
Forensic Accountant Accounting and Finance 83,140 RON
Fraud Detection Supervisor Accounting and Finance 89,280 RON
Fraud Prevention Manager Accounting and Finance 142,300 RON
Fund Accountant Accounting and Finance 73,820 RON
Grants Coordinator Accounting and Finance 51,900 RON
Group Financial Manager Accounting and Finance 215,100 RON
Internal Auditor Accounting and Finance 97,840 RON
Internal Control Adviser Accounting and Finance 112,760 RON
Internal Control Officer Accounting and Finance 60,920 RON
International Tax Director Accounting and Finance 172,400 RON
Inventory Accountant Accounting and Finance 75,100 RON
Investment Advisor Accounting and Finance 197,600 RON
Investment Analyst Accounting and Finance 142,300 RON
Investment Associate Accounting and Finance 129,000 RON
Investment Broker Accounting and Finance 118,520 RON
Investment Fund Manager Accounting and Finance 168,100 RON
Investment Operations Manager Accounting and Finance 172,200 RON
Investment Underwriter Accounting and Finance 61,780 RON
Investor Accounting and Finance 91,520 RON
Investor Relations Manager Accounting and Finance 138,800 RON
KYC Team Leader Accounting and Finance 139,100 RON
Loan Processor Accounting and Finance 58,440 RON
Management Accountant Accounting and Finance 80,760 RON
Management Economist Accounting and Finance 161,600 RON
Paymaster Accounting and Finance 58,520 RON
Payroll Administrator Accounting and Finance 93,280 RON
Payroll Benefits Coordinator Accounting and Finance 83,200 RON
Payroll Billing Manager Accounting and Finance 136,100 RON
Payroll Clerk Accounting and Finance 68,060 RON
Payroll Manager Accounting and Finance 137,400 RON
Payroll Officer Accounting and Finance 61,580 RON
Payroll Specialist Accounting and Finance 74,060 RON
Payroll Supervisor Accounting and Finance 92,500 RON
Pensions Administrator Accounting and Finance 73,760 RON
Personal Financial Advisor Accounting and Finance 113,840 RON
Pricing Analyst Accounting and Finance 125,100 RON
Private Equity Analyst Accounting and Finance 128,900 RON
Project Accountant Accounting and Finance 76,540 RON
Proposal Development Coordinator Accounting and Finance 61,780 RON
Receivables Accountant Accounting and Finance 67,800 RON
Regulatory Accountant Accounting and Finance 78,500 RON
Retirement Plan Analyst Accounting and Finance 115,520 RON
Revenue Management Specialist Accounting and Finance 115,620 RON
Revenue Recognition Analyst Accounting and Finance 138,200 RON
Risk Management Director Accounting and Finance 175,900 RON
Risk Management Supervisor Accounting and Finance 143,200 RON
Staff Accountant Accounting and Finance 71,400 RON
Tax Accountant Accounting and Finance 67,300 RON
Tax Administrator Accounting and Finance 83,140 RON
Tax Advisor Accounting and Finance 113,740 RON
Tax Analyst Accounting and Finance 112,620 RON
Tax Associate Accounting and Finance 57,820 RON
Tax Consultant Accounting and Finance 115,080 RON
Tax Director Accounting and Finance 161,300 RON
Tax Examiner Accounting and Finance 79,500 RON
Tax Manager Accounting and Finance 142,300 RON
Tax Research Manager Accounting and Finance 157,600 RON
Teller Accounting and Finance 44,720 RON
Treasury Accountant Accounting and Finance 75,980 RON
Treasury Analyst Accounting and Finance 127,700 RON
Underwriter Accounting and Finance 51,100 RON
Underwriting Assistant Accounting and Finance 48,200 RON
Vice President of Finance Accounting and Finance 195,200 RON

Salary Comparison by City

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

City Average Salary
Brasov 195,200 RON
Cluj-Napoca 221,500 RON
Sibiu 232,900 RON
Timisoara 201,100 RON

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