Average Finance President Salary in Thailand for 2024

In this article, we will look at the average Finance President salary for 2024 in Thailand 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 Thai baht. To keep things simple, we are using the THB currency code instead of the currency symbol ฿.

How Much Does a Finance President Make in Thailand?

A Finance President working in Thailand will typically earn around 2,605,500 THB per year, and this can range from the lowest average salary of about 1,224,800 THB to the highest average salary of 4,116,600 THB.

Average Annual Salary
2,605,500 THB
Average Monthly Salary
217,125 THB

Lowest Annual Salary
1,224,800 THB
Lowest Monthly Salary
102,066 THB

Highest Annual Salary
4,116,600 THB
Highest Monthly Salary
343,050 THB

These are average salaries for a Finance President in Thailand 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 Thailand

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

Salary ranges

We already know that a Finance President can earn between 1,224,800 THB and 4,116,600 THB on average in Thailand. 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 Thailand is 2,759,700 THB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,759,700 THB, and 50% of the population earn more than 2,759,700 THB.

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 Thailand, 25% of the population are earning less than 1,788,300 THB while 75% of the population earn more than 1,788,300 THB.

75% of the population earn less than 3,648,200 THB, and 25% of the population earn more than 3,648,200 THB.

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 Thailand

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 Thailand that has less than two years of experience can expect to earn somewhere in the region of 1,417,600 THB.
  • 2 - 5 Years Experience. With two to five years of experience the average Finance President salary would increase to 1,942,700 THB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Finance President, the average salary would be 2,773,700 THB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,373,200 THB.
  • 15 - 20 Years Experience. A Finance President with 15 to 20 years of experience can earn an average of 3,564,300 THB.
  • 20+ Years Experience. For a Finance President with more than 20 years, the expected average salary increases to 3,889,500 THB.

Average Salary by Experience Chart

0-2 Years
1,417,600 THB
2-5 Years +38%
1,942,700 THB
5-10 Years +42%
2,773,700 THB
10-15 Years +22%
3,373,200 THB
15-20 Years +6%
3,564,300 THB
20+ Years +9%
3,889,500 THB

Finance President Salary by Education Level in Thailand

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 Thailand 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 Thailand with a certificate or diploma education can earn an average salary of 1,741,800 THB.

  • Bachelor's Degree. A Finance President in Thailand with a bachelor's degree education can earn an average salary of 2,086,500 THB.

  • Master's Degree. A Finance President in Thailand with a master's degree education can earn an average salary of 3,013,500 THB.

  • PhD. A Finance President in Thailand with a phd education can earn an average salary of 3,889,500 THB.

Average Salary by Education Chart

Certificate or Diploma
1,741,800 THB
Bachelor's Degree +20%
2,086,500 THB
Master's Degree +44%
3,013,500 THB
PhD +29%
3,889,500 THB

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 Thailand is around 485,000 to 1,450,000 THB 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 Thailand, a male finance president will earn an average of 2,759,700 THB, while a female finance president will earn around 2,485,800 THB.

This means that a male finance president earns approximately 11% more than a female finance president for performing the same job.

Average Salary by Gender Chart in Thailand

Male
2,759,700 THB
Female -11%
2,485,800 THB

Finance President Average Pay Raise in Thailand

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 Thailand is around 13% every 19 months.

The national average pay raise across all professions and industries in Thailand is around 8% every 17 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 ÷ 19 ) × 12  = 8%

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

Annual Pay Raise by Industry in Thailand for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Finance President Bonus and Incentive Rates in Thailand

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 high bonus based job, with 86% of employees reporting at least one bonus in the last 12 months.

14% 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
86%
No Bonus
14%

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 Thailand earn approximately 6% more than private sector employees in the same role.

Public Sector
1,198,300 THB
Private Sector -6%
1,129,700 THB

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 Thailand.

Job Title Category Salary
Account Examiner Accounting and Finance 648,200 THB
Account Executive Accounting and Finance 1,027,600 THB
Accountant Accounting and Finance 840,100 THB
Accounting Analyst Accounting and Finance 995,000 THB
Accounting Assistant Accounting and Finance 669,100 THB
Accounting Associate Accounting and Finance 632,400 THB
Accounting Clerk Accounting and Finance 510,200 THB
Accounting Coordinator Accounting and Finance 773,400 THB
Accounting Head Accounting and Finance 1,632,100 THB
Accounting Manager Accounting and Finance 1,728,900 THB
Accounting Officer Accounting and Finance 607,400 THB
Accounting Specialist Accounting and Finance 1,130,200 THB
Accounting Supervisor Accounting and Finance 1,130,200 THB
Accounting Technician Accounting and Finance 615,700 THB
Accounting Unit Controller Accounting and Finance 1,380,400 THB
Accounts Executive Accounting and Finance 1,091,600 THB
Accounts Officer Accounting and Finance 663,100 THB
Accounts Payable and Receivable Specialist Accounting and Finance 861,300 THB
Accounts Payable Assistant Accounting and Finance 681,500 THB
Accounts Payable Associate Accounting and Finance 735,200 THB
Accounts Payable Clerk Accounting and Finance 615,700 THB
Accounts Payable Manager Accounting and Finance 1,655,500 THB
Accounts Receivable Administrator Accounting and Finance 1,283,600 THB
Accounts Receivable Clerk Accounting and Finance 632,400 THB
Accounts Receivable Financial Analyst Accounting and Finance 1,178,000 THB
Accounts Receivable Manager Accounting and Finance 1,678,300 THB
Accounts Receivable Team Leader Accounting and Finance 1,187,900 THB
Assistant Accountant Accounting and Finance 675,100 THB
Assistant Accounting Manager Accounting and Finance 1,547,500 THB
Assistant Auditor Accounting and Finance 860,300 THB
Assistant Corporate Controller Accounting and Finance 1,187,900 THB
Assistant Finance Manager Accounting and Finance 1,751,700 THB
Assistant Financial Controller Accounting and Finance 1,168,300 THB
Audit Director Accounting and Finance 2,003,200 THB
Audit Supervisor Accounting and Finance 1,547,500 THB
Auditing Clerk Accounting and Finance 663,100 THB
Auditing Manager Accounting and Finance 1,693,600 THB
Billing Clerk Accounting and Finance 669,100 THB
Billing Coordinator Accounting and Finance 731,700 THB
Billing Specialist Accounting and Finance 902,100 THB
Billing Supervisor Accounting and Finance 1,296,900 THB
Bookkeeper Accounting and Finance 565,100 THB
Bookkeeping Specialist Accounting and Finance 838,100 THB
Budget Analyst Accounting and Finance 1,500,800 THB
Budget Manager Accounting and Finance 1,655,500 THB
Business Support Analyst Accounting and Finance 970,600 THB
Capital Markets Associate Accounting and Finance 1,249,900 THB
Cash Flow Analyst Accounting and Finance 1,224,800 THB
Cash Management Manager Accounting and Finance 1,632,100 THB
Cash Management Officer Accounting and Finance 965,000 THB
Cashbook Clerk Accounting and Finance 566,900 THB
Chartered Accountant Accounting and Finance 1,088,100 THB
Chief Accountant Accounting and Finance 1,198,300 THB
Collections Clerk Accounting and Finance 535,800 THB
Collections Representative Accounting and Finance 739,500 THB
Collections Specialist Accounting and Finance 848,200 THB
Corporate Controller Accounting and Finance 1,306,100 THB
Corporate Treasurer Accounting and Finance 1,583,700 THB
Cost Accountant Accounting and Finance 810,400 THB
Cost Accounting Manager Accounting and Finance 1,678,300 THB
Cost Accounting Supervisor Accounting and Finance 1,333,900 THB
Cost Analyst Accounting and Finance 1,369,700 THB
Credit and Collection Manager Accounting and Finance 1,594,500 THB
Credit and Collection Staff Accounting and Finance 650,700 THB
Credit and Loans Officer Accounting and Finance 628,000 THB
Credit Controller Accounting and Finance 1,159,900 THB
Credit Manager Accounting and Finance 1,835,700 THB
Debt Adviser Accounting and Finance 1,450,700 THB
Debt Collector Accounting and Finance 649,700 THB
Debtors Clerk Accounting and Finance 603,400 THB
Debtors Controller Accounting and Finance 607,400 THB
Deputy CFO Accounting and Finance 2,266,400 THB
Deputy Head of Finance Accounting and Finance 2,339,200 THB
Derivative Trader Accounting and Finance 1,405,700 THB
Director of Finance Accounting and Finance 2,605,500 THB
Economist Accounting and Finance 2,003,200 THB
Equity Analyst Accounting and Finance 1,487,200 THB
Escrow Assistant Accounting and Finance 722,100 THB
Executive Accountant Accounting and Finance 979,300 THB
External Auditor Accounting and Finance 1,153,300 THB
Finance Administrator Accounting and Finance 976,300 THB
Finance Analyst Accounting and Finance 1,560,800 THB
Finance Associate Accounting and Finance 739,500 THB
Finance Director Accounting and Finance 2,543,000 THB
Finance Executive Accounting and Finance 1,751,700 THB
Finance Licensing Clerk Accounting and Finance 596,800 THB
Finance Licensing Manager Accounting and Finance 1,606,100 THB
Finance Licensing Specialist Accounting and Finance 923,000 THB
Finance Manager Accounting and Finance 2,447,200 THB
Finance Officer Accounting and Finance 802,400 THB
Finance Relationship Manager Accounting and Finance 1,882,700 THB
Finance Release Analyst Accounting and Finance 988,600 THB
Finance Specialist Accounting and Finance 1,333,900 THB
Finance Team Leader Accounting and Finance 1,942,700 THB
Financial Accountant Accounting and Finance 816,000 THB
Financial Actuary Accounting and Finance 1,306,100 THB
Financial Administrator Accounting and Finance 1,417,600 THB
Financial Advisor Accounting and Finance 1,476,700 THB
Financial Analyst Accounting and Finance 1,594,500 THB
Financial Applications Specialist Accounting and Finance 1,041,900 THB
Financial Assistant Accounting and Finance 681,500 THB
Financial Associate Accounting and Finance 649,700 THB
Financial Associate Accounting and Finance 791,200 THB
Financial Claims Analyst Accounting and Finance 1,166,500 THB
Financial Claims Manager Accounting and Finance 1,570,900 THB
Financial Claims Supervisor Accounting and Finance 1,333,900 THB
Financial Clerk Accounting and Finance 615,300 THB
Financial Commercial Analyst Accounting and Finance 1,249,900 THB
Financial Compliance Analyst Accounting and Finance 1,369,700 THB
Financial Consultant Accounting and Finance 1,141,600 THB
Financial Controller Accounting and Finance 1,369,700 THB
Financial Controller Accounting and Finance 1,391,600 THB
Financial Coordinator Accounting and Finance 785,400 THB
Financial Customer Service Manager Accounting and Finance 1,476,700 THB
Financial Dealer and Broker Accounting and Finance 943,800 THB
Financial Director Accounting and Finance 2,495,600 THB
Financial Encoder Accounting and Finance 694,700 THB
Financial Manager Accounting and Finance 2,242,500 THB
Financial Manager Accounting and Finance 2,254,400 THB
Financial Operations Manager Accounting and Finance 2,086,500 THB
Financial Policy Analyst Accounting and Finance 1,283,600 THB
Financial Project Manager Accounting and Finance 1,741,800 THB
Financial Quantitative Analyst Accounting and Finance 1,405,700 THB
Financial Reporting Consultant Accounting and Finance 1,249,900 THB
Financial Reporting Manager Accounting and Finance 1,583,700 THB
Financial Section Head Accounting and Finance 1,632,100 THB
Financial Services Manager Accounting and Finance 2,086,500 THB
Financial Services Sales Agent Accounting and Finance 932,800 THB
Fixed Assets Administrator Accounting and Finance 852,900 THB
Forensic Accountant Accounting and Finance 953,300 THB
Fraud Detection Supervisor Accounting and Finance 1,012,100 THB
Fraud Prevention Manager Accounting and Finance 1,703,200 THB
Fund Accountant Accounting and Finance 810,500 THB
Grants Coordinator Accounting and Finance 652,200 THB
Group Financial Manager Accounting and Finance 2,533,800 THB
Internal Auditor Accounting and Finance 1,117,800 THB
Internal Control Adviser Accounting and Finance 1,296,900 THB
Internal Control Officer Accounting and Finance 727,100 THB
International Tax Director Accounting and Finance 1,942,700 THB
Inventory Accountant Accounting and Finance 874,500 THB
Investment Advisor Accounting and Finance 2,304,300 THB
Investment Analyst Accounting and Finance 1,728,900 THB
Investment Associate Accounting and Finance 1,428,800 THB
Investment Broker Accounting and Finance 1,345,400 THB
Investment Fund Manager Accounting and Finance 1,930,500 THB
Investment Operations Manager Accounting and Finance 1,811,000 THB
Investment Underwriter Accounting and Finance 745,000 THB
Investor Accounting and Finance 1,077,700 THB
Investor Relations Manager Accounting and Finance 1,703,200 THB
KYC Team Leader Accounting and Finance 1,693,600 THB
Loan Processor Accounting and Finance 664,500 THB
Management Accountant Accounting and Finance 915,100 THB
Management Economist Accounting and Finance 1,967,000 THB
Paymaster Accounting and Finance 695,400 THB
Payroll Administrator Accounting and Finance 1,138,300 THB
Payroll Benefits Coordinator Accounting and Finance 899,900 THB
Payroll Billing Manager Accounting and Finance 1,510,400 THB
Payroll Clerk Accounting and Finance 765,100 THB
Payroll Manager Accounting and Finance 1,476,700 THB
Payroll Officer Accounting and Finance 731,700 THB
Payroll Specialist Accounting and Finance 885,000 THB
Payroll Supervisor Accounting and Finance 1,043,700 THB
Pensions Administrator Accounting and Finance 896,700 THB
Personal Financial Advisor Accounting and Finance 1,235,600 THB
Pricing Analyst Accounting and Finance 1,333,900 THB
Private Equity Analyst Accounting and Finance 1,560,800 THB
Project Accountant Accounting and Finance 927,000 THB
Proposal Development Coordinator Accounting and Finance 752,600 THB
Receivables Accountant Accounting and Finance 765,100 THB
Regulatory Accountant Accounting and Finance 964,000 THB
Retirement Plan Analyst Accounting and Finance 1,306,100 THB
Revenue Management Specialist Accounting and Finance 1,380,400 THB
Revenue Recognition Analyst Accounting and Finance 1,547,500 THB
Risk Management Director Accounting and Finance 2,086,500 THB
Risk Management Supervisor Accounting and Finance 1,741,800 THB
Staff Accountant Accounting and Finance 814,500 THB
Tax Accountant Accounting and Finance 800,200 THB
Tax Administrator Accounting and Finance 908,200 THB
Tax Advisor Accounting and Finance 1,306,100 THB
Tax Analyst Accounting and Finance 1,320,500 THB
Tax Associate Accounting and Finance 731,700 THB
Tax Consultant Accounting and Finance 1,405,700 THB
Tax Director Accounting and Finance 1,870,400 THB
Tax Examiner Accounting and Finance 888,400 THB
Tax Manager Accounting and Finance 1,655,500 THB
Tax Research Manager Accounting and Finance 1,678,300 THB
Teller Accounting and Finance 498,500 THB
Treasury Accountant Accounting and Finance 883,500 THB
Treasury Analyst Accounting and Finance 1,428,800 THB
Underwriter Accounting and Finance 592,600 THB
Underwriting Assistant Accounting and Finance 562,600 THB
Vice President of Finance Accounting and Finance 2,254,400 THB

Salary Comparison by City

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

City Average Salary
Bangkok (Krung Thep) 2,676,200 THB
Chiang Mai 2,579,200 THB

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 President Salary in Thailand for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-finance-president-salary-in-thailand/.

  • "Average Finance President Salary in Thailand for 2024". World Salaries, https://worldsalaries.com/average-finance-president-salary-in-thailand/. Accessed 28 March, 2024

  • Average Finance President Salary in Thailand for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-finance-president-salary-in-thailand/.