Average Financial Claims Manager Salary in Hungary for 2024

In this article, we will look at the average Financial Claims Manager salary for 2024 in Hungary 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 Hungarian forint. To keep things simple, we are using the HUF currency code instead of the currency symbol Ft.

How Much Does a Financial Claims Manager Make in Hungary?

A Financial Claims Manager working in Hungary will typically earn around 7,045,600 HUF per year, and this can range from the lowest average salary of about 3,239,400 HUF to the highest average salary of 11,197,500 HUF.

Average Annual Salary
7,045,600 HUF
Average Monthly Salary
587,133 HUF

Lowest Annual Salary
3,239,400 HUF
Lowest Monthly Salary
269,950 HUF

Highest Annual Salary
11,197,500 HUF
Highest Monthly Salary
933,125 HUF

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

Financial Claims 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 Financial Claims Manager Salaries in Hungary

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

Salary ranges

We already know that a Financial Claims Manager can earn between 3,239,400 HUF and 11,197,500 HUF on average in Hungary. 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 Financial Claims Manager in Hungary is 7,606,200 HUF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 7,606,200 HUF, and 50% of the population earn more than 7,606,200 HUF.

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 Financial Claims Manager salary in Hungary, 25% of the population are earning less than 4,883,400 HUF while 75% of the population earn more than 4,883,400 HUF.

75% of the population earn less than 10,152,200 HUF, and 25% of the population earn more than 10,152,200 HUF.

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.

Financial Claims Manager Salary by Experience Level in Hungary

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 financial claims 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 Financial Claims Manager in Hungary that has less than two years of experience can expect to earn somewhere in the region of 3,672,500 HUF.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Claims Manager salary would increase to 4,908,200 HUF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Claims Manager, the average salary would be 7,259,000 HUF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 8,845,500 HUF.
  • 15 - 20 Years Experience. A Financial Claims Manager with 15 to 20 years of experience can earn an average of 9,649,800 HUF.
  • 20+ Years Experience. For a Financial Claims Manager with more than 20 years, the expected average salary increases to 10,440,100 HUF.

Average Salary by Experience Chart

0-2 Years
3,672,500 HUF
2-5 Years +34%
4,908,200 HUF
5-10 Years +48%
7,259,000 HUF
10-15 Years +22%
8,845,500 HUF
15-20 Years +9%
9,649,800 HUF
20+ Years +8%
10,440,100 HUF

Financial Claims Manager Salary by Education Level in Hungary

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 Financial Claims Manager in Hungary 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 Financial Claims Manager in Hungary with a certificate or diploma education can earn an average salary of 4,201,000 HUF.

  • Bachelor's Degree. A Financial Claims Manager in Hungary with a bachelor's degree education can earn an average salary of 6,577,500 HUF.

  • Master's Degree. A Financial Claims Manager in Hungary with a master's degree education can earn an average salary of 11,038,600 HUF.

Average Salary by Education Chart

Certificate or Diploma
4,201,000 HUF
Bachelor's Degree +57%
6,577,500 HUF
Master's Degree +68%
11,038,600 HUF

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 Hungary is around 2,470,000 to 7,400,000 HUF 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.

Financial Claims 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 Hungary, a male financial claims manager will earn an average of 7,369,700 HUF, while a female financial claims manager will earn around 6,721,800 HUF.

This means that a male financial claims manager earns approximately 10% more than a female financial claims manager for performing the same job.

Average Salary by Gender Chart in Hungary

Male
7,369,700 HUF
Female -10%
6,721,800 HUF

Financial Claims Manager Average Pay Raise in Hungary

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 Financial Claims Manager in Hungary is around 12% every 17 months.

The national average pay raise across all professions and industries in Hungary is around 9% 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 = ( 12 ÷ 17 ) × 12  = 8%

What this means is that a Financial Claims Manager in Hungary can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Hungary for 2024

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

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%

Financial Claims Manager Bonus and Incentive Rates in Hungary

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 Financial Claims 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 Hungary earn approximately 9% more than private sector employees in the same role.

Public Sector
6,193,900 HUF
Private Sector -9%
5,686,100 HUF

Salaries for Jobs Similar to a Financial Claims Manager

In the table below, we have salary information for jobs that are similar to a Financial Claims Manager in Hungary.

Job Title Category Salary
Account Examiner Accounting and Finance 2,902,500 HUF
Account Executive Accounting and Finance 5,123,800 HUF
Accountant Accounting and Finance 3,685,200 HUF
Accounting Analyst Accounting and Finance 5,053,200 HUF
Accounting Assistant Accounting and Finance 2,878,300 HUF
Accounting Associate Accounting and Finance 2,854,700 HUF
Accounting Clerk Accounting and Finance 2,401,300 HUF
Accounting Coordinator Accounting and Finance 3,481,100 HUF
Accounting Head Accounting and Finance 8,111,500 HUF
Accounting Manager Accounting and Finance 8,807,800 HUF
Accounting Officer Accounting and Finance 3,035,200 HUF
Accounting Specialist Accounting and Finance 5,545,500 HUF
Accounting Supervisor Accounting and Finance 5,423,100 HUF
Accounting Technician Accounting and Finance 2,653,700 HUF
Accounting Unit Controller Accounting and Finance 6,862,900 HUF
Accounts Executive Accounting and Finance 4,981,700 HUF
Accounts Officer Accounting and Finance 3,205,100 HUF
Accounts Payable and Receivable Specialist Accounting and Finance 4,067,600 HUF
Accounts Payable Assistant Accounting and Finance 3,094,100 HUF
Accounts Payable Associate Accounting and Finance 3,601,500 HUF
Accounts Payable Clerk Accounting and Finance 3,071,100 HUF
Accounts Payable Manager Accounting and Finance 8,159,800 HUF
Accounts Receivable Administrator Accounting and Finance 5,747,700 HUF
Accounts Receivable Clerk Accounting and Finance 3,061,300 HUF
Accounts Receivable Financial Analyst Accounting and Finance 5,784,200 HUF
Accounts Receivable Manager Accounting and Finance 7,993,600 HUF
Accounts Receivable Team Leader Accounting and Finance 6,035,400 HUF
Assistant Accountant Accounting and Finance 3,156,400 HUF
Assistant Accounting Manager Accounting and Finance 7,140,500 HUF
Assistant Auditor Accounting and Finance 4,079,300 HUF
Assistant Corporate Controller Accounting and Finance 5,434,400 HUF
Assistant Finance Manager Accounting and Finance 8,267,800 HUF
Assistant Financial Controller Accounting and Finance 5,447,200 HUF
Audit Director Accounting and Finance 9,361,300 HUF
Audit Supervisor Accounting and Finance 7,441,400 HUF
Auditing Clerk Accounting and Finance 3,205,100 HUF
Auditing Manager Accounting and Finance 8,411,800 HUF
Billing Clerk Accounting and Finance 2,998,500 HUF
Billing Coordinator Accounting and Finance 3,577,600 HUF
Billing Specialist Accounting and Finance 4,102,700 HUF
Billing Supervisor Accounting and Finance 6,142,600 HUF
Bookkeeper Accounting and Finance 2,641,300 HUF
Bookkeeping Specialist Accounting and Finance 3,622,400 HUF
Budget Analyst Accounting and Finance 6,887,700 HUF
Budget Manager Accounting and Finance 8,232,100 HUF
Business Support Analyst Accounting and Finance 4,609,700 HUF
Capital Markets Associate Accounting and Finance 6,118,800 HUF
Cash Flow Analyst Accounting and Finance 6,011,900 HUF
Cash Management Manager Accounting and Finance 7,860,600 HUF
Cash Management Officer Accounting and Finance 4,558,700 HUF
Cashbook Clerk Accounting and Finance 2,629,100 HUF
Chartered Accountant Accounting and Finance 5,053,200 HUF
Chief Accountant Accounting and Finance 6,011,900 HUF
Collections Clerk Accounting and Finance 2,352,500 HUF
Collections Representative Accounting and Finance 3,503,800 HUF
Collections Specialist Accounting and Finance 3,996,300 HUF
Corporate Controller Accounting and Finance 6,179,700 HUF
Corporate Treasurer Accounting and Finance 7,499,500 HUF
Cost Accountant Accounting and Finance 3,875,100 HUF
Cost Accounting Manager Accounting and Finance 7,777,400 HUF
Cost Accounting Supervisor Accounting and Finance 6,635,400 HUF
Cost Analyst Accounting and Finance 6,228,100 HUF
Credit and Collection Manager Accounting and Finance 7,980,700 HUF
Credit and Collection Staff Accounting and Finance 3,156,400 HUF
Credit and Loans Officer Accounting and Finance 2,819,600 HUF
Credit Controller Accounting and Finance 5,591,900 HUF
Credit Manager Accounting and Finance 8,099,800 HUF
Debt Adviser Accounting and Finance 6,804,900 HUF
Debt Collector Accounting and Finance 3,312,100 HUF
Debtors Clerk Accounting and Finance 2,819,600 HUF
Debtors Controller Accounting and Finance 3,035,200 HUF
Deputy CFO Accounting and Finance 10,894,900 HUF
Deputy Head of Finance Accounting and Finance 10,861,800 HUF
Derivative Trader Accounting and Finance 6,768,400 HUF
Director of Finance Accounting and Finance 12,239,700 HUF
Economist Accounting and Finance 9,504,500 HUF
Equity Analyst Accounting and Finance 7,140,500 HUF
Escrow Assistant Accounting and Finance 3,469,900 HUF
Executive Accountant Accounting and Finance 4,654,300 HUF
External Auditor Accounting and Finance 5,651,400 HUF
Finance Administrator Accounting and Finance 4,799,700 HUF
Finance Analyst Accounting and Finance 7,285,700 HUF
Finance Associate Accounting and Finance 3,564,300 HUF
Finance Director Accounting and Finance 12,121,000 HUF
Finance Executive Accounting and Finance 8,568,100 HUF
Finance Licensing Clerk Accounting and Finance 2,759,700 HUF
Finance Licensing Manager Accounting and Finance 7,285,700 HUF
Finance Licensing Specialist Accounting and Finance 4,116,600 HUF
Finance Manager Accounting and Finance 11,447,200 HUF
Finance Officer Accounting and Finance 3,648,200 HUF
Finance President Accounting and Finance 11,724,400 HUF
Finance Relationship Manager Accounting and Finance 9,046,100 HUF
Finance Release Analyst Accounting and Finance 4,594,300 HUF
Finance Specialist Accounting and Finance 6,745,700 HUF
Finance Team Leader Accounting and Finance 8,701,100 HUF
Financial Accountant Accounting and Finance 4,079,300 HUF
Financial Actuary Accounting and Finance 6,179,700 HUF
Financial Administrator Accounting and Finance 6,600,900 HUF
Financial Advisor Accounting and Finance 7,381,700 HUF
Financial Analyst Accounting and Finance 7,309,600 HUF
Financial Applications Specialist Accounting and Finance 5,111,100 HUF
Financial Assistant Accounting and Finance 3,288,400 HUF
Financial Associate Accounting and Finance 3,047,800 HUF
Financial Associate Accounting and Finance 3,875,100 HUF
Financial Claims Analyst Accounting and Finance 5,340,600 HUF
Financial Claims Supervisor Accounting and Finance 6,529,400 HUF
Financial Clerk Accounting and Finance 2,893,600 HUF
Financial Commercial Analyst Accounting and Finance 5,447,200 HUF
Financial Compliance Analyst Accounting and Finance 6,577,500 HUF
Financial Consultant Accounting and Finance 5,305,100 HUF
Financial Controller Accounting and Finance 5,998,900 HUF
Financial Controller Accounting and Finance 6,480,800 HUF
Financial Coordinator Accounting and Finance 3,805,100 HUF
Financial Customer Service Manager Accounting and Finance 7,093,500 HUF
Financial Dealer and Broker Accounting and Finance 4,391,800 HUF
Financial Director Accounting and Finance 11,794,200 HUF
Financial Encoder Accounting and Finance 3,481,100 HUF
Financial Manager Accounting and Finance 10,537,900 HUF
Financial Manager Accounting and Finance 11,485,600 HUF
Financial Operations Manager Accounting and Finance 10,224,200 HUF
Financial Policy Analyst Accounting and Finance 5,833,500 HUF
Financial Project Manager Accounting and Finance 8,062,900 HUF
Financial Quantitative Analyst Accounting and Finance 6,493,000 HUF
Financial Reporting Consultant Accounting and Finance 5,676,700 HUF
Financial Reporting Manager Accounting and Finance 7,199,500 HUF
Financial Section Head Accounting and Finance 7,726,700 HUF
Financial Services Manager Accounting and Finance 10,429,300 HUF
Financial Services Sales Agent Accounting and Finance 4,152,200 HUF
Fixed Assets Administrator Accounting and Finance 4,176,700 HUF
Forensic Accountant Accounting and Finance 4,558,700 HUF
Fraud Detection Supervisor Accounting and Finance 4,777,400 HUF
Fraud Prevention Manager Accounting and Finance 7,882,800 HUF
Fund Accountant Accounting and Finance 3,685,200 HUF
Grants Coordinator Accounting and Finance 2,941,000 HUF
Group Financial Manager Accounting and Finance 11,161,300 HUF
Internal Auditor Accounting and Finance 5,388,100 HUF
Internal Control Adviser Accounting and Finance 6,096,900 HUF
Internal Control Officer Accounting and Finance 3,373,200 HUF
International Tax Director Accounting and Finance 9,289,200 HUF
Inventory Accountant Accounting and Finance 3,970,700 HUF
Investment Advisor Accounting and Finance 10,306,800 HUF
Investment Analyst Accounting and Finance 7,596,200 HUF
Investment Associate Accounting and Finance 6,780,300 HUF
Investment Broker Accounting and Finance 6,433,500 HUF
Investment Fund Manager Accounting and Finance 9,001,900 HUF
Investment Operations Manager Accounting and Finance 8,533,800 HUF
Investment Underwriter Accounting and Finance 3,421,600 HUF
Investor Accounting and Finance 4,883,400 HUF
Investor Relations Manager Accounting and Finance 7,583,100 HUF
KYC Team Leader Accounting and Finance 7,271,300 HUF
Loan Processor Accounting and Finance 3,239,400 HUF
Management Accountant Accounting and Finance 4,211,600 HUF
Management Economist Accounting and Finance 8,785,800 HUF
Paymaster Accounting and Finance 3,047,800 HUF
Payroll Administrator Accounting and Finance 5,003,800 HUF
Payroll Benefits Coordinator Accounting and Finance 4,570,300 HUF
Payroll Billing Manager Accounting and Finance 7,561,700 HUF
Payroll Clerk Accounting and Finance 3,299,800 HUF
Payroll Manager Accounting and Finance 6,911,700 HUF
Payroll Officer Accounting and Finance 3,601,500 HUF
Payroll Specialist Accounting and Finance 4,282,500 HUF
Payroll Supervisor Accounting and Finance 4,810,800 HUF
Pensions Administrator Accounting and Finance 3,996,300 HUF
Personal Financial Advisor Accounting and Finance 5,794,900 HUF
Pricing Analyst Accounting and Finance 6,263,400 HUF
Private Equity Analyst Accounting and Finance 6,754,900 HUF
Project Accountant Accounting and Finance 3,996,300 HUF
Proposal Development Coordinator Accounting and Finance 3,349,100 HUF
Receivables Accountant Accounting and Finance 3,529,600 HUF
Regulatory Accountant Accounting and Finance 4,429,300 HUF
Retirement Plan Analyst Accounting and Finance 6,179,700 HUF
Revenue Management Specialist Accounting and Finance 6,407,600 HUF
Revenue Recognition Analyst Accounting and Finance 7,189,800 HUF
Risk Management Director Accounting and Finance 9,925,000 HUF
Risk Management Supervisor Accounting and Finance 8,159,800 HUF
Staff Accountant Accounting and Finance 3,863,700 HUF
Tax Accountant Accounting and Finance 3,792,300 HUF
Tax Administrator Accounting and Finance 4,297,400 HUF
Tax Advisor Accounting and Finance 6,058,300 HUF
Tax Analyst Accounting and Finance 6,048,900 HUF
Tax Associate Accounting and Finance 3,406,900 HUF
Tax Consultant Accounting and Finance 6,289,900 HUF
Tax Director Accounting and Finance 9,121,500 HUF
Tax Examiner Accounting and Finance 4,019,900 HUF
Tax Manager Accounting and Finance 8,401,800 HUF
Tax Research Manager Accounting and Finance 8,386,300 HUF
Teller Accounting and Finance 2,435,600 HUF
Treasury Accountant Accounting and Finance 4,129,300 HUF
Treasury Analyst Accounting and Finance 6,815,700 HUF
Underwriter Accounting and Finance 2,748,900 HUF
Underwriting Assistant Accounting and Finance 2,566,100 HUF
Vice President of Finance Accounting and Finance 10,618,800 HUF

Salary Comparison by City

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

City Average Salary
Budapest 7,499,500 HUF
Debrecen 7,211,600 HUF

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