Average Finance Team Leader Salary in Indonesia for 2024

In this article, we will look at the average Finance Team Leader salary for 2024 in Indonesia 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 Indonesian rupiah. To keep things simple, we are using the IDR currency code instead of the currency symbol Rp.

How Much Does a Finance Team Leader Make in Indonesia?

A Finance Team Leader working in Indonesia will typically earn around 235,200,900 IDR per year, and this can range from the lowest average salary of about 124,799,100 IDR to the highest average salary of 357,599,200 IDR.

Average Annual Salary
235,200,900 IDR
Average Monthly Salary
19,600,075 IDR

Lowest Annual Salary
124,799,100 IDR
Lowest Monthly Salary
10,399,925 IDR

Highest Annual Salary
357,599,200 IDR
Highest Monthly Salary
29,799,933 IDR

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

Finance Team Leader 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 Team Leader Salaries in Indonesia

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

Salary ranges

We already know that a Finance Team Leader can earn between 124,799,100 IDR and 357,599,200 IDR on average in Indonesia. 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 Team Leader in Indonesia is 220,800,400 IDR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 220,800,400 IDR, and 50% of the population earn more than 220,800,400 IDR.

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 Team Leader salary in Indonesia, 25% of the population are earning less than 156,000,100 IDR while 75% of the population earn more than 156,000,100 IDR.

75% of the population earn less than 272,398,100 IDR, and 25% of the population earn more than 272,398,100 IDR.

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 Team Leader Salary by Experience Level in Indonesia

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 team leader 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 Team Leader in Indonesia that has less than two years of experience can expect to earn somewhere in the region of 142,799,100 IDR.
  • 2 - 5 Years Experience. With two to five years of experience the average Finance Team Leader salary would increase to 176,398,800 IDR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Finance Team Leader , the average salary would be 249,599,700 IDR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 291,598,200 IDR.
  • 15 - 20 Years Experience. A Finance Team Leader with 15 to 20 years of experience can earn an average of 320,398,300 IDR.
  • 20+ Years Experience. For a Finance Team Leader with more than 20 years, the expected average salary increases to 338,398,500 IDR.

Average Salary by Experience Chart

0-2 Years
142,799,100 IDR
2-5 Years +23%
176,398,800 IDR
5-10 Years +42%
249,599,700 IDR
10-15 Years +17%
291,598,200 IDR
15-20 Years +10%
320,398,300 IDR
20+ Years +6%
338,398,500 IDR

Finance Team Leader Salary by Education Level in Indonesia

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 Team Leader in Indonesia 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 Team Leader in Indonesia with a certificate or diploma education can earn an average salary of 176,398,800 IDR.

  • Bachelor's Degree. A Finance Team Leader in Indonesia with a bachelor's degree education can earn an average salary of 226,800,200 IDR.

  • Master's Degree. A Finance Team Leader in Indonesia with a master's degree education can earn an average salary of 325,200,300 IDR.

Average Salary by Education Chart

Certificate or Diploma
176,398,800 IDR
Bachelor's Degree +29%
226,800,200 IDR
Master's Degree +43%
325,200,300 IDR

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 Indonesia is around 60,700,000 to 182,000,000 IDR 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 Team Leader 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 Indonesia, a male finance team leader will earn an average of 244,798,100 IDR, while a female finance team leader will earn around 219,601,200 IDR.

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

Average Salary by Gender Chart in Indonesia

Male
244,798,100 IDR
Female -11%
219,601,200 IDR

Finance Team Leader Average Pay Raise in Indonesia

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 Team Leader in Indonesia is around 12% every 19 months.

The national average pay raise across all professions and industries in Indonesia 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 = ( 12 ÷ 19 ) × 12  = 8%

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

Annual Pay Raise by Industry in Indonesia for 2024

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

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%

Finance Team Leader Bonus and Incentive Rates in Indonesia

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 Team Leader is a moderate bonus based job, with 53% of employees reporting at least one bonus in the last 12 months.

47% 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 3% to 5%.

Received Bonus
53%
No Bonus
47%

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 Indonesia earn approximately 9% more than private sector employees in the same role.

Public Sector
151,201,000 IDR
Private Sector -9%
139,199,500 IDR

Salaries for Jobs Similar to a Finance Team Leader

In the table below, we have salary information for jobs that are similar to a Finance Team Leader in Indonesia.

Job Title Category Salary
Account Examiner Accounting and Finance 78,358,100 IDR
Account Executive Accounting and Finance 139,199,500 IDR
Accountant Accounting and Finance 109,921,700 IDR
Accounting Analyst Accounting and Finance 125,999,700 IDR
Accounting Assistant Accounting and Finance 86,160,100 IDR
Accounting Associate Accounting and Finance 75,598,300 IDR
Accounting Clerk Accounting and Finance 65,041,800 IDR
Accounting Coordinator Accounting and Finance 94,079,900 IDR
Accounting Head Accounting and Finance 220,800,400 IDR
Accounting Manager Accounting and Finance 217,198,400 IDR
Accounting Officer Accounting and Finance 76,439,700 IDR
Accounting Specialist Accounting and Finance 140,401,100 IDR
Accounting Supervisor Accounting and Finance 145,200,100 IDR
Accounting Technician Accounting and Finance 74,879,200 IDR
Accounting Unit Controller Accounting and Finance 172,800,900 IDR
Accounts Executive Accounting and Finance 134,400,400 IDR
Accounts Officer Accounting and Finance 80,998,900 IDR
Accounts Payable and Receivable Specialist Accounting and Finance 111,598,600 IDR
Accounts Payable Assistant Accounting and Finance 90,118,200 IDR
Accounts Payable Associate Accounting and Finance 95,759,900 IDR
Accounts Payable Clerk Accounting and Finance 75,959,500 IDR
Accounts Payable Manager Accounting and Finance 201,598,500 IDR
Accounts Receivable Administrator Accounting and Finance 162,000,100 IDR
Accounts Receivable Clerk Accounting and Finance 76,078,800 IDR
Accounts Receivable Financial Analyst Accounting and Finance 144,001,700 IDR
Accounts Receivable Manager Accounting and Finance 199,199,700 IDR
Accounts Receivable Team Leader Accounting and Finance 158,398,200 IDR
Assistant Accountant Accounting and Finance 82,321,100 IDR
Assistant Accounting Manager Accounting and Finance 199,199,700 IDR
Assistant Auditor Accounting and Finance 108,000,700 IDR
Assistant Corporate Controller Accounting and Finance 141,598,200 IDR
Assistant Finance Manager Accounting and Finance 217,198,400 IDR
Assistant Financial Controller Accounting and Finance 141,598,200 IDR
Audit Director Accounting and Finance 248,398,700 IDR
Audit Supervisor Accounting and Finance 188,401,800 IDR
Auditing Clerk Accounting and Finance 80,998,900 IDR
Auditing Manager Accounting and Finance 214,799,400 IDR
Billing Clerk Accounting and Finance 84,479,000 IDR
Billing Coordinator Accounting and Finance 101,038,700 IDR
Billing Specialist Accounting and Finance 112,559,300 IDR
Billing Supervisor Accounting and Finance 158,398,200 IDR
Bookkeeper Accounting and Finance 68,398,200 IDR
Bookkeeping Specialist Accounting and Finance 102,241,700 IDR
Budget Analyst Accounting and Finance 178,800,800 IDR
Budget Manager Accounting and Finance 214,799,400 IDR
Business Support Analyst Accounting and Finance 122,398,700 IDR
Capital Markets Associate Accounting and Finance 164,398,100 IDR
Cash Flow Analyst Accounting and Finance 157,201,600 IDR
Cash Management Manager Accounting and Finance 206,398,800 IDR
Cash Management Officer Accounting and Finance 119,761,300 IDR
Cashbook Clerk Accounting and Finance 71,878,800 IDR
Chartered Accountant Accounting and Finance 133,198,700 IDR
Chief Accountant Accounting and Finance 153,600,700 IDR
Collections Clerk Accounting and Finance 68,878,700 IDR
Collections Representative Accounting and Finance 90,358,800 IDR
Collections Specialist Accounting and Finance 107,161,400 IDR
Corporate Controller Accounting and Finance 167,999,600 IDR
Corporate Treasurer Accounting and Finance 200,401,500 IDR
Cost Accountant Accounting and Finance 107,161,400 IDR
Cost Accounting Manager Accounting and Finance 208,801,000 IDR
Cost Accounting Supervisor Accounting and Finance 174,000,900 IDR
Cost Analyst Accounting and Finance 167,999,600 IDR
Credit and Collection Manager Accounting and Finance 207,600,200 IDR
Credit and Collection Staff Accounting and Finance 78,358,100 IDR
Credit and Loans Officer Accounting and Finance 76,078,800 IDR
Credit Controller Accounting and Finance 149,999,200 IDR
Credit Manager Accounting and Finance 219,601,200 IDR
Debt Adviser Accounting and Finance 170,399,900 IDR
Debt Collector Accounting and Finance 82,921,700 IDR
Debtors Clerk Accounting and Finance 74,758,600 IDR
Debtors Controller Accounting and Finance 76,439,700 IDR
Deputy CFO Accounting and Finance 285,599,300 IDR
Deputy Head of Finance Accounting and Finance 286,800,900 IDR
Derivative Trader Accounting and Finance 181,199,700 IDR
Director of Finance Accounting and Finance 318,000,500 IDR
Economist Accounting and Finance 241,199,300 IDR
Equity Analyst Accounting and Finance 183,600,500 IDR
Escrow Assistant Accounting and Finance 94,201,900 IDR
Executive Accountant Accounting and Finance 121,199,300 IDR
External Auditor Accounting and Finance 145,200,100 IDR
Finance Administrator Accounting and Finance 125,999,700 IDR
Finance Analyst Accounting and Finance 196,799,500 IDR
Finance Associate Accounting and Finance 94,079,900 IDR
Finance Director Accounting and Finance 319,201,400 IDR
Finance Executive Accounting and Finance 219,601,200 IDR
Finance Licensing Clerk Accounting and Finance 76,921,100 IDR
Finance Licensing Manager Accounting and Finance 203,999,800 IDR
Finance Licensing Specialist Accounting and Finance 115,560,900 IDR
Finance Manager Accounting and Finance 303,600,800 IDR
Finance Officer Accounting and Finance 101,878,900 IDR
Finance President Accounting and Finance 323,999,400 IDR
Finance Relationship Manager Accounting and Finance 256,799,900 IDR
Finance Release Analyst Accounting and Finance 119,161,200 IDR
Finance Specialist Accounting and Finance 180,000,500 IDR
Financial Accountant Accounting and Finance 102,599,200 IDR
Financial Actuary Accounting and Finance 166,799,600 IDR
Financial Administrator Accounting and Finance 181,199,700 IDR
Financial Advisor Accounting and Finance 196,799,500 IDR
Financial Analyst Accounting and Finance 187,198,300 IDR
Financial Applications Specialist Accounting and Finance 129,601,700 IDR
Financial Assistant Accounting and Finance 83,160,200 IDR
Financial Associate Accounting and Finance 86,398,400 IDR
Financial Associate Accounting and Finance 103,800,400 IDR
Financial Claims Analyst Accounting and Finance 141,598,200 IDR
Financial Claims Manager Accounting and Finance 187,198,300 IDR
Financial Claims Supervisor Accounting and Finance 174,000,900 IDR
Financial Clerk Accounting and Finance 81,840,300 IDR
Financial Commercial Analyst Accounting and Finance 162,000,100 IDR
Financial Compliance Analyst Accounting and Finance 166,799,600 IDR
Financial Consultant Accounting and Finance 140,401,100 IDR
Financial Controller Accounting and Finance 164,398,100 IDR
Financial Controller Accounting and Finance 178,800,800 IDR
Financial Coordinator Accounting and Finance 98,639,800 IDR
Financial Customer Service Manager Accounting and Finance 193,201,900 IDR
Financial Dealer and Broker Accounting and Finance 111,838,600 IDR
Financial Director Accounting and Finance 322,798,700 IDR
Financial Encoder Accounting and Finance 87,358,200 IDR
Financial Manager Accounting and Finance 285,599,300 IDR
Financial Manager Accounting and Finance 288,001,300 IDR
Financial Operations Manager Accounting and Finance 278,400,900 IDR
Financial Policy Analyst Accounting and Finance 166,799,600 IDR
Financial Project Manager Accounting and Finance 217,198,400 IDR
Financial Quantitative Analyst Accounting and Finance 184,799,000 IDR
Financial Reporting Consultant Accounting and Finance 159,601,400 IDR
Financial Reporting Manager Accounting and Finance 205,201,300 IDR
Financial Section Head Accounting and Finance 207,600,200 IDR
Financial Services Manager Accounting and Finance 261,598,900 IDR
Financial Services Sales Agent Accounting and Finance 118,559,700 IDR
Fixed Assets Administrator Accounting and Finance 113,761,800 IDR
Forensic Accountant Accounting and Finance 129,601,700 IDR
Fraud Detection Supervisor Accounting and Finance 130,799,600 IDR
Fraud Prevention Manager Accounting and Finance 215,998,500 IDR
Fund Accountant Accounting and Finance 101,281,000 IDR
Grants Coordinator Accounting and Finance 77,881,500 IDR
Group Financial Manager Accounting and Finance 302,399,700 IDR
Internal Auditor Accounting and Finance 139,199,500 IDR
Internal Control Adviser Accounting and Finance 165,599,600 IDR
Internal Control Officer Accounting and Finance 92,158,600 IDR
International Tax Director Accounting and Finance 256,799,900 IDR
Inventory Accountant Accounting and Finance 110,879,600 IDR
Investment Advisor Accounting and Finance 284,398,600 IDR
Investment Analyst Accounting and Finance 209,999,300 IDR
Investment Associate Accounting and Finance 182,401,400 IDR
Investment Broker Accounting and Finance 178,800,800 IDR
Investment Fund Manager Accounting and Finance 242,398,700 IDR
Investment Operations Manager Accounting and Finance 237,598,200 IDR
Investment Underwriter Accounting and Finance 92,641,100 IDR
Investor Accounting and Finance 139,199,500 IDR
Investor Relations Manager Accounting and Finance 217,198,400 IDR
KYC Team Leader Accounting and Finance 217,198,400 IDR
Loan Processor Accounting and Finance 91,560,700 IDR
Management Accountant Accounting and Finance 119,518,500 IDR
Management Economist Accounting and Finance 250,801,100 IDR
Paymaster Accounting and Finance 90,840,700 IDR
Payroll Administrator Accounting and Finance 140,401,100 IDR
Payroll Benefits Coordinator Accounting and Finance 112,801,600 IDR
Payroll Billing Manager Accounting and Finance 187,198,300 IDR
Payroll Clerk Accounting and Finance 93,118,500 IDR
Payroll Manager Accounting and Finance 195,600,300 IDR
Payroll Officer Accounting and Finance 89,041,300 IDR
Payroll Specialist Accounting and Finance 106,561,500 IDR
Payroll Supervisor Accounting and Finance 136,800,100 IDR
Pensions Administrator Accounting and Finance 113,999,200 IDR
Personal Financial Advisor Accounting and Finance 164,398,100 IDR
Pricing Analyst Accounting and Finance 177,599,600 IDR
Private Equity Analyst Accounting and Finance 197,998,100 IDR
Project Accountant Accounting and Finance 119,640,400 IDR
Proposal Development Coordinator Accounting and Finance 95,759,900 IDR
Receivables Accountant Accounting and Finance 98,400,200 IDR
Regulatory Accountant Accounting and Finance 113,038,500 IDR
Retirement Plan Analyst Accounting and Finance 167,999,600 IDR
Revenue Management Specialist Accounting and Finance 175,200,500 IDR
Revenue Recognition Analyst Accounting and Finance 205,201,300 IDR
Risk Management Director Accounting and Finance 257,999,600 IDR
Risk Management Supervisor Accounting and Finance 212,398,500 IDR
Staff Accountant Accounting and Finance 104,040,600 IDR
Tax Accountant Accounting and Finance 98,161,500 IDR
Tax Administrator Accounting and Finance 113,159,000 IDR
Tax Advisor Accounting and Finance 159,601,400 IDR
Tax Analyst Accounting and Finance 159,601,400 IDR
Tax Associate Accounting and Finance 88,321,100 IDR
Tax Consultant Accounting and Finance 166,799,600 IDR
Tax Director Accounting and Finance 242,398,700 IDR
Tax Examiner Accounting and Finance 119,280,600 IDR
Tax Manager Accounting and Finance 219,601,200 IDR
Tax Research Manager Accounting and Finance 219,601,200 IDR
Teller Accounting and Finance 64,198,300 IDR
Treasury Accountant Accounting and Finance 112,079,000 IDR
Treasury Analyst Accounting and Finance 170,399,900 IDR
Underwriter Accounting and Finance 73,681,000 IDR
Underwriting Assistant Accounting and Finance 69,359,500 IDR
Vice President of Finance Accounting and Finance 289,201,100 IDR

Salary Comparison by City

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

City Average Salary
Bandung 244,798,100 IDR
Jakarta 264,000,100 IDR
Makasar 227,999,700 IDR
Malang 223,198,300 IDR
Medan 248,398,700 IDR
Palembang 246,000,200 IDR
Semarang 225,599,800 IDR
Surabaya 267,601,100 IDR
Surakarta 209,999,300 IDR
Tangerang 250,801,100 IDR

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