Average Finance Manager Salary in Tunisia for 2024

In this article, we will look at the average Finance Manager salary for 2024 in Tunisia 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 Tunisian dinar. To keep things simple, we are using the TND currency code instead of the currency symbol د.ت.

How Much Does a Finance Manager Make in Tunisia?

A Finance Manager working in Tunisia will typically earn around 98,820 TND per year, and this can range from the lowest average salary of about 46,400 TND to the highest average salary of 157,600 TND.

Average Annual Salary
98,820 TND
Average Monthly Salary
8,235 TND

Lowest Annual Salary
46,400 TND
Lowest Monthly Salary
3,866 TND

Highest Annual Salary
157,600 TND
Highest Monthly Salary
13,133 TND

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

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 Finance Manager Salaries in Tunisia

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

Salary ranges

We already know that a Finance Manager can earn between 46,400 TND and 157,600 TND on average in Tunisia. 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 Manager in Tunisia is 104,920 TND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 104,920 TND, and 50% of the population earn more than 104,920 TND.

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 Manager salary in Tunisia, 25% of the population are earning less than 67,300 TND while 75% of the population earn more than 67,300 TND.

75% of the population earn less than 142,300 TND, and 25% of the population earn more than 142,300 TND.

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 Manager Salary by Experience Level in Tunisia

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 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. A Finance Manager in Tunisia that has less than two years of experience can expect to earn somewhere in the region of 50,520 TND.
  • 2 - 5 Years Experience. With two to five years of experience the average Finance Manager salary would increase to 68,580 TND.
  • 5 - 10 Years Experience. From five to ten years of experience as a Finance Manager, the average salary would be 99,220 TND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 125,100 TND.
  • 15 - 20 Years Experience. A Finance Manager with 15 to 20 years of experience can earn an average of 136,100 TND.
  • 20+ Years Experience. For a Finance Manager with more than 20 years, the expected average salary increases to 146,200 TND.

Average Salary by Experience Chart

0-2 Years
50,520 TND
2-5 Years +34%
68,580 TND
5-10 Years +48%
99,220 TND
10-15 Years +22%
125,100 TND
15-20 Years +9%
136,100 TND
20+ Years +8%
146,200 TND

Finance Manager Salary by Education Level in Tunisia

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 Manager in Tunisia 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 Manager in Tunisia with a certificate or diploma education can earn an average salary of 57,620 TND.

  • Bachelor's Degree. A Finance Manager in Tunisia with a bachelor's degree education can earn an average salary of 92,240 TND.

  • Master's Degree. A Finance Manager in Tunisia with a master's degree education can earn an average salary of 152,300 TND.

Average Salary by Education Chart

Certificate or Diploma
57,620 TND
Bachelor's Degree +57%
92,240 TND
Master's Degree +68%
152,300 TND

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 Tunisia is around 19,600 to 58,700 TND 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 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 Tunisia, a male finance manager will earn an average of 106,500 TND, while a female finance manager will earn around 91,320 TND.

This means that a male finance manager earns approximately 17% more than a female finance manager for performing the same job.

Average Salary by Gender Chart in Tunisia

Male
106,500 TND
Female -17%
91,320 TND

Finance Manager Average Pay Raise in Tunisia

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 Manager in Tunisia is around 13% every 20 months.

The national average pay raise across all professions and industries in Tunisia 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 Finance Manager in Tunisia can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Tunisia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Finance Manager Bonus and Incentive Rates in Tunisia

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 Manager 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 Tunisia earn approximately 10% more than private sector employees in the same role.

Public Sector
50,240 TND
Private Sector -10%
45,560 TND

Salaries for Jobs Similar to a Finance Manager

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

Job Title Category Salary
Account Examiner Accounting and Finance 23,360 TND
Account Executive Accounting and Finance 43,220 TND
Accountant Accounting and Finance 34,980 TND
Accounting Analyst Accounting and Finance 42,400 TND
Accounting Assistant Accounting and Finance 25,440 TND
Accounting Associate Accounting and Finance 23,660 TND
Accounting Clerk Accounting and Finance 21,020 TND
Accounting Coordinator Accounting and Finance 28,680 TND
Accounting Head Accounting and Finance 66,180 TND
Accounting Manager Accounting and Finance 69,540 TND
Accounting Officer Accounting and Finance 25,940 TND
Accounting Specialist Accounting and Finance 45,720 TND
Accounting Supervisor Accounting and Finance 45,580 TND
Accounting Technician Accounting and Finance 24,840 TND
Accounting Unit Controller Accounting and Finance 59,380 TND
Accounts Executive Accounting and Finance 43,480 TND
Accounts Officer Accounting and Finance 27,020 TND
Accounts Payable and Receivable Specialist Accounting and Finance 31,980 TND
Accounts Payable Assistant Accounting and Finance 27,040 TND
Accounts Payable Associate Accounting and Finance 31,400 TND
Accounts Payable Clerk Accounting and Finance 23,360 TND
Accounts Payable Manager Accounting and Finance 66,180 TND
Accounts Receivable Administrator Accounting and Finance 50,520 TND
Accounts Receivable Clerk Accounting and Finance 24,720 TND
Accounts Receivable Financial Analyst Accounting and Finance 47,400 TND
Accounts Receivable Manager Accounting and Finance 64,040 TND
Accounts Receivable Team Leader Accounting and Finance 50,520 TND
Assistant Accountant Accounting and Finance 25,160 TND
Assistant Accounting Manager Accounting and Finance 62,460 TND
Assistant Auditor Accounting and Finance 35,300 TND
Assistant Corporate Controller Accounting and Finance 45,720 TND
Assistant Finance Manager Accounting and Finance 72,780 TND
Assistant Financial Controller Accounting and Finance 47,760 TND
Audit Director Accounting and Finance 80,340 TND
Audit Supervisor Accounting and Finance 60,400 TND
Auditing Clerk Accounting and Finance 27,020 TND
Auditing Manager Accounting and Finance 73,820 TND
Billing Clerk Accounting and Finance 25,440 TND
Billing Coordinator Accounting and Finance 30,800 TND
Billing Specialist Accounting and Finance 35,340 TND
Billing Supervisor Accounting and Finance 50,660 TND
Bookkeeper Accounting and Finance 20,760 TND
Bookkeeping Specialist Accounting and Finance 31,340 TND
Budget Analyst Accounting and Finance 58,720 TND
Budget Manager Accounting and Finance 68,060 TND
Business Support Analyst Accounting and Finance 36,720 TND
Capital Markets Associate Accounting and Finance 50,340 TND
Cash Flow Analyst Accounting and Finance 48,760 TND
Cash Management Manager Accounting and Finance 66,440 TND
Cash Management Officer Accounting and Finance 40,240 TND
Cashbook Clerk Accounting and Finance 22,420 TND
Chartered Accountant Accounting and Finance 44,720 TND
Chief Accountant Accounting and Finance 50,560 TND
Collections Clerk Accounting and Finance 20,940 TND
Collections Representative Accounting and Finance 27,480 TND
Collections Specialist Accounting and Finance 35,340 TND
Corporate Controller Accounting and Finance 50,660 TND
Corporate Treasurer Accounting and Finance 67,020 TND
Cost Accountant Accounting and Finance 31,520 TND
Cost Accounting Manager Accounting and Finance 64,560 TND
Cost Accounting Supervisor Accounting and Finance 50,560 TND
Cost Analyst Accounting and Finance 50,540 TND
Credit and Collection Manager Accounting and Finance 66,020 TND
Credit and Collection Staff Accounting and Finance 25,440 TND
Credit and Loans Officer Accounting and Finance 23,140 TND
Credit Controller Accounting and Finance 45,580 TND
Credit Manager Accounting and Finance 72,780 TND
Debt Adviser Accounting and Finance 52,880 TND
Debt Collector Accounting and Finance 28,820 TND
Debtors Clerk Accounting and Finance 25,220 TND
Debtors Controller Accounting and Finance 25,940 TND
Deputy CFO Accounting and Finance 90,620 TND
Deputy Head of Finance Accounting and Finance 94,940 TND
Derivative Trader Accounting and Finance 58,520 TND
Director of Finance Accounting and Finance 100,140 TND
Economist Accounting and Finance 75,100 TND
Equity Analyst Accounting and Finance 57,620 TND
Escrow Assistant Accounting and Finance 29,600 TND
Executive Accountant Accounting and Finance 36,700 TND
External Auditor Accounting and Finance 46,720 TND
Finance Administrator Accounting and Finance 37,800 TND
Finance Analyst Accounting and Finance 59,000 TND
Finance Associate Accounting and Finance 27,480 TND
Finance Director Accounting and Finance 100,140 TND
Finance Executive Accounting and Finance 68,900 TND
Finance Licensing Clerk Accounting and Finance 23,140 TND
Finance Licensing Manager Accounting and Finance 64,200 TND
Finance Licensing Specialist Accounting and Finance 36,700 TND
Finance Officer Accounting and Finance 33,960 TND
Finance President Accounting and Finance 100,140 TND
Finance Relationship Manager Accounting and Finance 77,380 TND
Finance Release Analyst Accounting and Finance 40,240 TND
Finance Specialist Accounting and Finance 51,900 TND
Finance Team Leader Accounting and Finance 73,980 TND
Financial Accountant Accounting and Finance 35,300 TND
Financial Actuary Accounting and Finance 51,900 TND
Financial Administrator Accounting and Finance 52,880 TND
Financial Advisor Accounting and Finance 61,460 TND
Financial Analyst Accounting and Finance 60,600 TND
Financial Applications Specialist Accounting and Finance 45,200 TND
Financial Assistant Accounting and Finance 27,040 TND
Financial Associate Accounting and Finance 28,820 TND
Financial Associate Accounting and Finance 33,440 TND
Financial Claims Analyst Accounting and Finance 44,140 TND
Financial Claims Manager Accounting and Finance 60,480 TND
Financial Claims Supervisor Accounting and Finance 57,360 TND
Financial Clerk Accounting and Finance 27,380 TND
Financial Commercial Analyst Accounting and Finance 48,940 TND
Financial Compliance Analyst Accounting and Finance 50,560 TND
Financial Consultant Accounting and Finance 46,980 TND
Financial Controller Accounting and Finance 50,540 TND
Financial Controller Accounting and Finance 54,280 TND
Financial Coordinator Accounting and Finance 32,020 TND
Financial Customer Service Manager Accounting and Finance 64,720 TND
Financial Dealer and Broker Accounting and Finance 35,260 TND
Financial Director Accounting and Finance 96,540 TND
Financial Encoder Accounting and Finance 30,840 TND
Financial Manager Accounting and Finance 90,540 TND
Financial Manager Accounting and Finance 92,680 TND
Financial Operations Manager Accounting and Finance 88,240 TND
Financial Policy Analyst Accounting and Finance 55,220 TND
Financial Project Manager Accounting and Finance 68,060 TND
Financial Quantitative Analyst Accounting and Finance 58,520 TND
Financial Reporting Consultant Accounting and Finance 48,940 TND
Financial Reporting Manager Accounting and Finance 67,020 TND
Financial Section Head Accounting and Finance 67,020 TND
Financial Services Manager Accounting and Finance 88,240 TND
Financial Services Sales Agent Accounting and Finance 34,120 TND
Fixed Assets Administrator Accounting and Finance 35,340 TND
Forensic Accountant Accounting and Finance 37,800 TND
Fraud Detection Supervisor Accounting and Finance 38,620 TND
Fraud Prevention Manager Accounting and Finance 66,680 TND
Fund Accountant Accounting and Finance 33,440 TND
Grants Coordinator Accounting and Finance 23,080 TND
Group Financial Manager Accounting and Finance 99,560 TND
Internal Auditor Accounting and Finance 43,340 TND
Internal Control Adviser Accounting and Finance 50,340 TND
Internal Control Officer Accounting and Finance 27,480 TND
International Tax Director Accounting and Finance 79,600 TND
Inventory Accountant Accounting and Finance 35,340 TND
Investment Advisor Accounting and Finance 89,980 TND
Investment Analyst Accounting and Finance 68,400 TND
Investment Associate Accounting and Finance 58,860 TND
Investment Broker Accounting and Finance 52,300 TND
Investment Fund Manager Accounting and Finance 70,880 TND
Investment Operations Manager Accounting and Finance 74,620 TND
Investment Underwriter Accounting and Finance 28,660 TND
Investor Accounting and Finance 46,840 TND
Investor Relations Manager Accounting and Finance 65,940 TND
KYC Team Leader Accounting and Finance 69,240 TND
Loan Processor Accounting and Finance 25,440 TND
Management Accountant Accounting and Finance 38,060 TND
Management Economist Accounting and Finance 74,940 TND
Paymaster Accounting and Finance 26,100 TND
Payroll Administrator Accounting and Finance 43,360 TND
Payroll Benefits Coordinator Accounting and Finance 35,260 TND
Payroll Billing Manager Accounting and Finance 60,920 TND
Payroll Clerk Accounting and Finance 27,480 TND
Payroll Manager Accounting and Finance 60,920 TND
Payroll Officer Accounting and Finance 28,860 TND
Payroll Specialist Accounting and Finance 35,260 TND
Payroll Supervisor Accounting and Finance 43,080 TND
Pensions Administrator Accounting and Finance 35,300 TND
Personal Financial Advisor Accounting and Finance 50,020 TND
Pricing Analyst Accounting and Finance 57,360 TND
Private Equity Analyst Accounting and Finance 60,020 TND
Project Accountant Accounting and Finance 36,580 TND
Proposal Development Coordinator Accounting and Finance 27,480 TND
Receivables Accountant Accounting and Finance 29,160 TND
Regulatory Accountant Accounting and Finance 37,740 TND
Retirement Plan Analyst Accounting and Finance 50,660 TND
Revenue Management Specialist Accounting and Finance 52,880 TND
Revenue Recognition Analyst Accounting and Finance 64,040 TND
Risk Management Director Accounting and Finance 80,020 TND
Risk Management Supervisor Accounting and Finance 66,180 TND
Staff Accountant Accounting and Finance 34,160 TND
Tax Accountant Accounting and Finance 31,180 TND
Tax Administrator Accounting and Finance 36,580 TND
Tax Advisor Accounting and Finance 51,900 TND
Tax Analyst Accounting and Finance 49,300 TND
Tax Associate Accounting and Finance 30,840 TND
Tax Consultant Accounting and Finance 50,540 TND
Tax Director Accounting and Finance 76,440 TND
Tax Examiner Accounting and Finance 35,520 TND
Tax Manager Accounting and Finance 72,360 TND
Tax Research Manager Accounting and Finance 66,940 TND
Teller Accounting and Finance 19,860 TND
Treasury Accountant Accounting and Finance 37,200 TND
Treasury Analyst Accounting and Finance 51,900 TND
Underwriter Accounting and Finance 20,760 TND
Underwriting Assistant Accounting and Finance 20,000 TND
Vice President of Finance Accounting and Finance 89,800 TND

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Finance Manager Salary in Tunisia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-finance-manager-salary-in-tunisia/.

  • "Average Finance Manager Salary in Tunisia for 2024". World Salaries, https://worldsalaries.com/average-finance-manager-salary-in-tunisia/. Accessed 28 March, 2024

  • Average Finance Manager Salary in Tunisia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-finance-manager-salary-in-tunisia/.