Average Finance President Salary in Micronesia for 2024

In this article, we will look at the average Finance President salary for 2024 in Micronesia 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Finance President Make in Micronesia?

A Finance President working in Micronesia will typically earn around 35,300 USD per year, and this can range from the lowest average salary of about 16,340 USD to the highest average salary of 51,120 USD.

Average Annual Salary
35,300 USD
Average Monthly Salary
2,941 USD

Lowest Annual Salary
16,340 USD
Lowest Monthly Salary
1,361 USD

Highest Annual Salary
51,120 USD
Highest Monthly Salary
4,260 USD

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

Finance President 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 President Salaries in Micronesia

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

Salary ranges

We already know that a Finance President can earn between 16,340 USD and 51,120 USD on average in Micronesia. 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 President in Micronesia is 35,300 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 35,300 USD, and 50% of the population earn more than 35,300 USD.

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 President salary in Micronesia, 25% of the population are earning less than 24,840 USD while 75% of the population earn more than 24,840 USD.

75% of the population earn less than 45,060 USD, and 25% of the population earn more than 45,060 USD.

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 President Salary by Experience Level in Micronesia

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 president 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 President in Micronesia that has less than two years of experience can expect to earn somewhere in the region of 21,020 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Finance President salary would increase to 28,820 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Finance President, the average salary would be 37,740 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 41,820 USD.
  • 15 - 20 Years Experience. A Finance President with 15 to 20 years of experience can earn an average of 46,980 USD.
  • 20+ Years Experience. For a Finance President with more than 20 years, the expected average salary increases to 50,240 USD.

Average Salary by Experience Chart

0-2 Years
21,020 USD
2-5 Years +32%
28,820 USD
5-10 Years +34%
37,740 USD
10-15 Years +19%
41,820 USD
15-20 Years +8%
46,980 USD
20+ Years +7%
50,240 USD

Finance President Salary by Education Level in Micronesia

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 President in Micronesia 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 President in Micronesia with a certificate or diploma education can earn an average salary of 27,380 USD.

  • Bachelor's Degree. A Finance President in Micronesia with a bachelor's degree education can earn an average salary of 27,020 USD.

  • Master's Degree. A Finance President in Micronesia with a master's degree education can earn an average salary of 40,560 USD.

  • PhD. A Finance President in Micronesia with a phd education can earn an average salary of 50,240 USD.

Average Salary by Education Chart

Certificate or Diploma
27,380 USD
Bachelor's Degree +13%
27,020 USD
Master's Degree +36%
40,560 USD
PhD +27%
50,240 USD

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 Micronesia is around 7,020 to 21,100 USD 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 President 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 Micronesia, a male finance president will earn an average of 34,360 USD, while a female finance president will earn around 32,900 USD.

This means that a male finance president earns approximately 4% more than a female finance president for performing the same job.

Average Salary by Gender Chart in Micronesia

Male
34,360 USD
Female -4%
32,900 USD

Finance President Average Pay Raise in Micronesia

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 President in Micronesia is around 10% every 29 months.

The national average pay raise across all professions and industries in Micronesia is around 5% every 28 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 = ( 10 ÷ 29 ) × 12  = 4%

What this means is that a Finance President in Micronesia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Micronesia for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Finance President Bonus and Incentive Rates in Micronesia

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 President is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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 8%.

Received Bonus
65%
No Bonus
35%

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 Micronesia earn approximately 4% less than private sector employees in the same role.

Public Sector
15,700 USD
Private Sector +4%
16,400 USD

Salaries for Jobs Similar to a Finance President

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

Job Title Category Salary
Account Examiner Accounting and Finance 10,320 USD
Account Executive Accounting and Finance 17,100 USD
Accountant Accounting and Finance 10,080 USD
Accounting Analyst Accounting and Finance 17,020 USD
Accounting Assistant Accounting and Finance 9,440 USD
Accounting Associate Accounting and Finance 9,020 USD
Accounting Clerk Accounting and Finance 6,200 USD
Accounting Coordinator Accounting and Finance 10,220 USD
Accounting Head Accounting and Finance 25,940 USD
Accounting Manager Accounting and Finance 25,680 USD
Accounting Officer Accounting and Finance 7,240 USD
Accounting Specialist Accounting and Finance 17,620 USD
Accounting Supervisor Accounting and Finance 15,760 USD
Accounting Technician Accounting and Finance 8,780 USD
Accounting Unit Controller Accounting and Finance 18,940 USD
Accounts Executive Accounting and Finance 13,100 USD
Accounts Officer Accounting and Finance 7,080 USD
Accounts Payable and Receivable Specialist Accounting and Finance 12,520 USD
Accounts Payable Assistant Accounting and Finance 10,320 USD
Accounts Payable Associate Accounting and Finance 10,080 USD
Accounts Payable Clerk Accounting and Finance 10,320 USD
Accounts Payable Manager Accounting and Finance 21,300 USD
Accounts Receivable Administrator Accounting and Finance 16,140 USD
Accounts Receivable Clerk Accounting and Finance 7,800 USD
Accounts Receivable Financial Analyst Accounting and Finance 16,400 USD
Accounts Receivable Manager Accounting and Finance 23,380 USD
Accounts Receivable Team Leader Accounting and Finance 16,140 USD
Assistant Accountant Accounting and Finance 7,080 USD
Assistant Accounting Manager Accounting and Finance 22,420 USD
Assistant Auditor Accounting and Finance 12,520 USD
Assistant Corporate Controller Accounting and Finance 17,620 USD
Assistant Finance Manager Accounting and Finance 25,220 USD
Assistant Financial Controller Accounting and Finance 14,820 USD
Audit Director Accounting and Finance 26,100 USD
Audit Supervisor Accounting and Finance 19,060 USD
Auditing Clerk Accounting and Finance 7,080 USD
Auditing Manager Accounting and Finance 25,680 USD
Billing Clerk Accounting and Finance 9,440 USD
Billing Coordinator Accounting and Finance 12,020 USD
Billing Specialist Accounting and Finance 13,780 USD
Billing Supervisor Accounting and Finance 17,740 USD
Bookkeeper Accounting and Finance 5,960 USD
Bookkeeping Specialist Accounting and Finance 10,080 USD
Budget Analyst Accounting and Finance 19,060 USD
Budget Manager Accounting and Finance 23,500 USD
Business Support Analyst Accounting and Finance 13,780 USD
Capital Markets Associate Accounting and Finance 16,980 USD
Cash Flow Analyst Accounting and Finance 17,860 USD
Cash Management Manager Accounting and Finance 23,140 USD
Cash Management Officer Accounting and Finance 14,620 USD
Cashbook Clerk Accounting and Finance 6,440 USD
Chartered Accountant Accounting and Finance 17,260 USD
Chief Accountant Accounting and Finance 18,780 USD
Collections Clerk Accounting and Finance 5,960 USD
Collections Representative Accounting and Finance 8,880 USD
Collections Specialist Accounting and Finance 11,040 USD
Corporate Controller Accounting and Finance 19,200 USD
Corporate Treasurer Accounting and Finance 24,840 USD
Cost Accountant Accounting and Finance 10,000 USD
Cost Accounting Manager Accounting and Finance 20,760 USD
Cost Accounting Supervisor Accounting and Finance 19,640 USD
Cost Analyst Accounting and Finance 17,740 USD
Credit and Collection Manager Accounting and Finance 21,980 USD
Credit and Collection Staff Accounting and Finance 9,440 USD
Credit and Loans Officer Accounting and Finance 7,080 USD
Credit Controller Accounting and Finance 15,760 USD
Credit Manager Accounting and Finance 25,220 USD
Debt Adviser Accounting and Finance 19,860 USD
Debt Collector Accounting and Finance 9,460 USD
Debtors Clerk Accounting and Finance 8,780 USD
Debtors Controller Accounting and Finance 7,240 USD
Deputy CFO Accounting and Finance 32,420 USD
Deputy Head of Finance Accounting and Finance 32,900 USD
Derivative Trader Accounting and Finance 20,520 USD
Director of Finance Accounting and Finance 35,300 USD
Economist Accounting and Finance 26,100 USD
Equity Analyst Accounting and Finance 21,400 USD
Escrow Assistant Accounting and Finance 12,300 USD
Executive Accountant Accounting and Finance 12,000 USD
External Auditor Accounting and Finance 14,140 USD
Finance Administrator Accounting and Finance 12,000 USD
Finance Analyst Accounting and Finance 21,100 USD
Finance Associate Accounting and Finance 8,880 USD
Finance Director Accounting and Finance 35,300 USD
Finance Executive Accounting and Finance 25,220 USD
Finance Licensing Clerk Accounting and Finance 7,080 USD
Finance Licensing Manager Accounting and Finance 23,380 USD
Finance Licensing Specialist Accounting and Finance 13,780 USD
Finance Manager Accounting and Finance 32,420 USD
Finance Officer Accounting and Finance 12,840 USD
Finance Relationship Manager Accounting and Finance 26,660 USD
Finance Release Analyst Accounting and Finance 14,620 USD
Finance Specialist Accounting and Finance 20,120 USD
Finance Team Leader Accounting and Finance 26,660 USD
Financial Accountant Accounting and Finance 12,520 USD
Financial Actuary Accounting and Finance 16,980 USD
Financial Administrator Accounting and Finance 19,860 USD
Financial Advisor Accounting and Finance 19,980 USD
Financial Analyst Accounting and Finance 21,380 USD
Financial Applications Specialist Accounting and Finance 17,020 USD
Financial Assistant Accounting and Finance 10,320 USD
Financial Associate Accounting and Finance 9,460 USD
Financial Associate Accounting and Finance 13,660 USD
Financial Claims Analyst Accounting and Finance 14,540 USD
Financial Claims Manager Accounting and Finance 21,020 USD
Financial Claims Supervisor Accounting and Finance 21,100 USD
Financial Clerk Accounting and Finance 8,560 USD
Financial Commercial Analyst Accounting and Finance 15,380 USD
Financial Compliance Analyst Accounting and Finance 19,640 USD
Financial Consultant Accounting and Finance 16,880 USD
Financial Controller Accounting and Finance 17,740 USD
Financial Controller Accounting and Finance 18,900 USD
Financial Coordinator Accounting and Finance 12,300 USD
Financial Customer Service Manager Accounting and Finance 20,460 USD
Financial Dealer and Broker Accounting and Finance 14,620 USD
Financial Director Accounting and Finance 34,980 USD
Financial Encoder Accounting and Finance 9,140 USD
Financial Manager Accounting and Finance 32,200 USD
Financial Manager Accounting and Finance 35,340 USD
Financial Operations Manager Accounting and Finance 29,320 USD
Financial Policy Analyst Accounting and Finance 20,120 USD
Financial Project Manager Accounting and Finance 23,500 USD
Financial Quantitative Analyst Accounting and Finance 20,520 USD
Financial Reporting Consultant Accounting and Finance 15,380 USD
Financial Reporting Manager Accounting and Finance 24,840 USD
Financial Section Head Accounting and Finance 24,840 USD
Financial Services Manager Accounting and Finance 29,320 USD
Financial Services Sales Agent Accounting and Finance 10,980 USD
Fixed Assets Administrator Accounting and Finance 12,200 USD
Forensic Accountant Accounting and Finance 12,000 USD
Fraud Detection Supervisor Accounting and Finance 12,620 USD
Fraud Prevention Manager Accounting and Finance 25,220 USD
Fund Accountant Accounting and Finance 13,660 USD
Grants Coordinator Accounting and Finance 9,360 USD
Group Financial Manager Accounting and Finance 31,520 USD
Internal Auditor Accounting and Finance 14,140 USD
Internal Control Adviser Accounting and Finance 17,860 USD
Internal Control Officer Accounting and Finance 12,020 USD
International Tax Director Accounting and Finance 28,180 USD
Inventory Accountant Accounting and Finance 12,200 USD
Investment Advisor Accounting and Finance 29,160 USD
Investment Analyst Accounting and Finance 23,660 USD
Investment Associate Accounting and Finance 19,160 USD
Investment Broker Accounting and Finance 19,360 USD
Investment Fund Manager Accounting and Finance 27,020 USD
Investment Operations Manager Accounting and Finance 26,080 USD
Investment Underwriter Accounting and Finance 9,980 USD
Investor Accounting and Finance 17,100 USD
Investor Relations Manager Accounting and Finance 22,420 USD
KYC Team Leader Accounting and Finance 24,280 USD
Loan Processor Accounting and Finance 8,560 USD
Management Accountant Accounting and Finance 11,360 USD
Management Economist Accounting and Finance 25,720 USD
Paymaster Accounting and Finance 8,560 USD
Payroll Administrator Accounting and Finance 15,880 USD
Payroll Benefits Coordinator Accounting and Finance 13,780 USD
Payroll Billing Manager Accounting and Finance 22,540 USD
Payroll Clerk Accounting and Finance 12,020 USD
Payroll Manager Accounting and Finance 22,540 USD
Payroll Officer Accounting and Finance 9,980 USD
Payroll Specialist Accounting and Finance 10,980 USD
Payroll Supervisor Accounting and Finance 14,660 USD
Pensions Administrator Accounting and Finance 12,200 USD
Personal Financial Advisor Accounting and Finance 19,640 USD
Pricing Analyst Accounting and Finance 21,100 USD
Private Equity Analyst Accounting and Finance 21,020 USD
Project Accountant Accounting and Finance 13,540 USD
Proposal Development Coordinator Accounting and Finance 9,980 USD
Receivables Accountant Accounting and Finance 10,000 USD
Regulatory Accountant Accounting and Finance 13,700 USD
Retirement Plan Analyst Accounting and Finance 19,200 USD
Revenue Management Specialist Accounting and Finance 19,860 USD
Revenue Recognition Analyst Accounting and Finance 21,560 USD
Risk Management Director Accounting and Finance 29,320 USD
Risk Management Supervisor Accounting and Finance 21,300 USD
Staff Accountant Accounting and Finance 12,520 USD
Tax Accountant Accounting and Finance 9,940 USD
Tax Administrator Accounting and Finance 10,980 USD
Tax Advisor Accounting and Finance 16,980 USD
Tax Analyst Accounting and Finance 18,780 USD
Tax Associate Accounting and Finance 9,140 USD
Tax Consultant Accounting and Finance 17,740 USD
Tax Director Accounting and Finance 29,840 USD
Tax Examiner Accounting and Finance 13,700 USD
Tax Manager Accounting and Finance 24,800 USD
Tax Research Manager Accounting and Finance 22,660 USD
Teller Accounting and Finance 6,080 USD
Treasury Accountant Accounting and Finance 10,980 USD
Treasury Analyst Accounting and Finance 20,120 USD
Underwriter Accounting and Finance 8,420 USD
Underwriting Assistant Accounting and Finance 7,300 USD
Vice President of Finance Accounting and Finance 31,380 USD

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