Average Financial Commercial Analyst Salary in Georgia for 2024

In this article, we will look at the average Financial Commercial Analyst salary for 2024 in Georgia 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 lari. To keep things simple, we are using the GEL currency code instead of the currency symbol โ‚พ.

How Much Does a Financial Commercial Analyst Make in Georgia?

A Financial Commercial Analyst working in Georgia will typically earn around 78,620 GEL per year, and this can range from the lowest average salary of about 37,740 GEL to the highest average salary of 124,400 GEL.

Average Annual Salary
78,620 GEL
Average Monthly Salary
6,551 GEL

Lowest Annual Salary
37,740 GEL
Lowest Monthly Salary
3,145 GEL

Highest Annual Salary
124,400 GEL
Highest Monthly Salary
10,366 GEL

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

Financial Commercial Analyst 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 Commercial Analyst Salaries in Georgia

So we've looked at the average salaries a Financial Commercial Analyst will earn in Georgia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Commercial Analyst can earn between 37,740 GEL and 124,400 GEL on average in Georgia. 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 Commercial Analyst in Georgia is 84,180 GEL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 84,180 GEL, and 50% of the population earn more than 84,180 GEL.

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 Commercial Analyst salary in Georgia, 25% of the population are earning less than 54,700 GEL while 75% of the population earn more than 54,700 GEL.

75% of the population earn less than 114,820 GEL, and 25% of the population earn more than 114,820 GEL.

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 Commercial Analyst Salary by Experience Level in Georgia

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 commercial analyst 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 Commercial Analyst in Georgia that has less than two years of experience can expect to earn somewhere in the region of 42,460 GEL.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Commercial Analyst salary would increase to 56,060 GEL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Commercial Analyst, the average salary would be 83,020 GEL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 97,880 GEL.
  • 15 - 20 Years Experience. A Financial Commercial Analyst with 15 to 20 years of experience can earn an average of 107,580 GEL.
  • 20+ Years Experience. For a Financial Commercial Analyst with more than 20 years, the expected average salary increases to 117,660 GEL.

Average Salary by Experience Chart

0-2 Years
42,460 GEL
2-5 Years +34%
56,060 GEL
5-10 Years +48%
83,020 GEL
10-15 Years +22%
97,880 GEL
15-20 Years +9%
107,580 GEL
20+ Years +8%
117,660 GEL

Financial Commercial Analyst Salary by Education Level in Georgia

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 Commercial Analyst in Georgia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Financial Commercial Analyst in Georgia with a high school education can earn an average salary of 49,200 GEL.

  • Certificate or Diploma. A Financial Commercial Analyst in Georgia with a certificate or diploma education can earn an average salary of 58,000 GEL.

  • Bachelor's Degree. A Financial Commercial Analyst in Georgia with a bachelor's degree education can earn an average salary of 85,440 GEL.

  • Master's Degree. A Financial Commercial Analyst in Georgia with a master's degree education can earn an average salary of 113,280 GEL.

Average Salary by Education Chart

High School
49,200 GEL
Certificate or Diploma +18%
58,000 GEL
Bachelor's Degree +45%
85,440 GEL
Master's Degree +31%
113,280 GEL

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 Georgia is around 33,700 to 101,000 GEL 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 Commercial Analyst 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 Georgia, a male financial commercial analyst will earn an average of 82,920 GEL, while a female financial commercial analyst will earn around 74,940 GEL.

This means that a male financial commercial analyst earns approximately 11% more than a female financial commercial analyst for performing the same job.

Average Salary by Gender Chart in Georgia

Male
82,920 GEL
Female -11%
74,940 GEL

Financial Commercial Analyst Average Pay Raise in Georgia

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 Commercial Analyst in Georgia is around 8% every 28 months.

The national average pay raise across all professions and industries in Georgia 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Financial Commercial Analyst in Georgia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Georgia for 2024

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

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 Commercial Analyst Bonus and Incentive Rates in Georgia

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 Commercial Analyst is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 Georgia earn approximately 20% more than private sector employees in the same role.

Public Sector
89,800 GEL
Private Sector -20%
74,940 GEL

Salaries for Jobs Similar to a Financial Commercial Analyst

In the table below, we have salary information for jobs that are similar to a Financial Commercial Analyst in Georgia.

Job Title Category Salary
Account Examiner Accounting and Finance 41,180 GEL
Account Executive Accounting and Finance 69,720 GEL
Accountant Accounting and Finance 53,380 GEL
Accounting Analyst Accounting and Finance 67,120 GEL
Accounting Assistant Accounting and Finance 41,900 GEL
Accounting Associate Accounting and Finance 42,320 GEL
Accounting Clerk Accounting and Finance 34,160 GEL
Accounting Coordinator Accounting and Finance 48,760 GEL
Accounting Head Accounting and Finance 111,000 GEL
Accounting Manager Accounting and Finance 119,700 GEL
Accounting Officer Accounting and Finance 41,660 GEL
Accounting Specialist Accounting and Finance 72,700 GEL
Accounting Supervisor Accounting and Finance 74,940 GEL
Accounting Technician Accounting and Finance 38,620 GEL
Accounting Unit Controller Accounting and Finance 92,240 GEL
Accounts Executive Accounting and Finance 70,840 GEL
Accounts Officer Accounting and Finance 42,460 GEL
Accounts Payable and Receivable Specialist Accounting and Finance 53,380 GEL
Accounts Payable Assistant Accounting and Finance 42,040 GEL
Accounts Payable Associate Accounting and Finance 52,460 GEL
Accounts Payable Clerk Accounting and Finance 41,180 GEL
Accounts Payable Manager Accounting and Finance 106,440 GEL
Accounts Receivable Administrator Accounting and Finance 77,340 GEL
Accounts Receivable Clerk Accounting and Finance 38,620 GEL
Accounts Receivable Financial Analyst Accounting and Finance 77,640 GEL
Accounts Receivable Manager Accounting and Finance 102,240 GEL
Accounts Receivable Team Leader Accounting and Finance 77,340 GEL
Assistant Accountant Accounting and Finance 40,640 GEL
Assistant Accounting Manager Accounting and Finance 102,620 GEL
Assistant Auditor Accounting and Finance 53,160 GEL
Assistant Corporate Controller Accounting and Finance 72,700 GEL
Assistant Finance Manager Accounting and Finance 112,600 GEL
Assistant Financial Controller Accounting and Finance 72,540 GEL
Audit Director Accounting and Finance 123,400 GEL
Audit Supervisor Accounting and Finance 96,720 GEL
Auditing Clerk Accounting and Finance 42,460 GEL
Auditing Manager Accounting and Finance 111,920 GEL
Billing Clerk Accounting and Finance 41,900 GEL
Billing Coordinator Accounting and Finance 48,160 GEL
Billing Specialist Accounting and Finance 57,440 GEL
Billing Supervisor Accounting and Finance 84,180 GEL
Bookkeeper Accounting and Finance 34,380 GEL
Bookkeeping Specialist Accounting and Finance 55,140 GEL
Budget Analyst Accounting and Finance 90,620 GEL
Budget Manager Accounting and Finance 106,960 GEL
Business Support Analyst Accounting and Finance 60,920 GEL
Capital Markets Associate Accounting and Finance 85,080 GEL
Cash Flow Analyst Accounting and Finance 86,760 GEL
Cash Management Manager Accounting and Finance 107,900 GEL
Cash Management Officer Accounting and Finance 61,620 GEL
Cashbook Clerk Accounting and Finance 36,720 GEL
Chartered Accountant Accounting and Finance 69,240 GEL
Chief Accountant Accounting and Finance 79,240 GEL
Collections Clerk Accounting and Finance 35,300 GEL
Collections Representative Accounting and Finance 46,880 GEL
Collections Specialist Accounting and Finance 52,880 GEL
Corporate Controller Accounting and Finance 84,780 GEL
Corporate Treasurer Accounting and Finance 102,720 GEL
Cost Accountant Accounting and Finance 51,800 GEL
Cost Accounting Manager Accounting and Finance 102,620 GEL
Cost Accounting Supervisor Accounting and Finance 85,880 GEL
Cost Analyst Accounting and Finance 89,460 GEL
Credit and Collection Manager Accounting and Finance 104,900 GEL
Credit and Collection Staff Accounting and Finance 41,900 GEL
Credit and Loans Officer Accounting and Finance 41,700 GEL
Credit Controller Accounting and Finance 74,940 GEL
Credit Manager Accounting and Finance 112,600 GEL
Debt Adviser Accounting and Finance 95,760 GEL
Debt Collector Accounting and Finance 46,280 GEL
Debtors Clerk Accounting and Finance 38,140 GEL
Debtors Controller Accounting and Finance 41,660 GEL
Deputy CFO Accounting and Finance 152,000 GEL
Deputy Head of Finance Accounting and Finance 148,300 GEL
Derivative Trader Accounting and Finance 95,620 GEL
Director of Finance Accounting and Finance 159,500 GEL
Economist Accounting and Finance 130,400 GEL
Equity Analyst Accounting and Finance 98,960 GEL
Escrow Assistant Accounting and Finance 46,040 GEL
Executive Accountant Accounting and Finance 64,040 GEL
External Auditor Accounting and Finance 74,620 GEL
Finance Administrator Accounting and Finance 66,440 GEL
Finance Analyst Accounting and Finance 96,340 GEL
Finance Associate Accounting and Finance 46,880 GEL
Finance Director Accounting and Finance 159,500 GEL
Finance Executive Accounting and Finance 111,920 GEL
Finance Licensing Clerk Accounting and Finance 41,700 GEL
Finance Licensing Manager Accounting and Finance 103,260 GEL
Finance Licensing Specialist Accounting and Finance 59,240 GEL
Finance Manager Accounting and Finance 151,800 GEL
Finance Officer Accounting and Finance 50,180 GEL
Finance President Accounting and Finance 159,500 GEL
Finance Relationship Manager Accounting and Finance 128,900 GEL
Finance Release Analyst Accounting and Finance 61,620 GEL
Finance Specialist Accounting and Finance 86,740 GEL
Finance Team Leader Accounting and Finance 125,100 GEL
Financial Accountant Accounting and Finance 53,160 GEL
Financial Actuary Accounting and Finance 80,520 GEL
Financial Administrator Accounting and Finance 95,760 GEL
Financial Advisor Accounting and Finance 102,160 GEL
Financial Analyst Accounting and Finance 97,300 GEL
Financial Applications Specialist Accounting and Finance 66,260 GEL
Financial Assistant Accounting and Finance 42,040 GEL
Financial Associate Accounting and Finance 46,280 GEL
Financial Associate Accounting and Finance 53,660 GEL
Financial Claims Analyst Accounting and Finance 69,260 GEL
Financial Claims Manager Accounting and Finance 102,460 GEL
Financial Claims Supervisor Accounting and Finance 93,660 GEL
Financial Clerk Accounting and Finance 44,180 GEL
Financial Compliance Analyst Accounting and Finance 85,880 GEL
Financial Consultant Accounting and Finance 72,120 GEL
Financial Controller Accounting and Finance 84,180 GEL
Financial Controller Accounting and Finance 89,460 GEL
Financial Coordinator Accounting and Finance 50,180 GEL
Financial Customer Service Manager Accounting and Finance 96,560 GEL
Financial Dealer and Broker Accounting and Finance 58,440 GEL
Financial Director Accounting and Finance 154,700 GEL
Financial Encoder Accounting and Finance 47,120 GEL
Financial Manager Accounting and Finance 148,300 GEL
Financial Manager Accounting and Finance 157,600 GEL
Financial Operations Manager Accounting and Finance 138,200 GEL
Financial Policy Analyst Accounting and Finance 83,400 GEL
Financial Project Manager Accounting and Finance 106,960 GEL
Financial Quantitative Analyst Accounting and Finance 95,620 GEL
Financial Reporting Consultant Accounting and Finance 78,620 GEL
Financial Reporting Manager Accounting and Finance 102,720 GEL
Financial Section Head Accounting and Finance 102,720 GEL
Financial Services Manager Accounting and Finance 138,200 GEL
Financial Services Sales Agent Accounting and Finance 57,320 GEL
Fixed Assets Administrator Accounting and Finance 56,460 GEL
Forensic Accountant Accounting and Finance 66,440 GEL
Fraud Detection Supervisor Accounting and Finance 63,040 GEL
Fraud Prevention Manager Accounting and Finance 116,180 GEL
Fund Accountant Accounting and Finance 53,660 GEL
Grants Coordinator Accounting and Finance 42,320 GEL
Group Financial Manager Accounting and Finance 157,600 GEL
Internal Auditor Accounting and Finance 76,540 GEL
Internal Control Adviser Accounting and Finance 80,500 GEL
Internal Control Officer Accounting and Finance 48,940 GEL
International Tax Director Accounting and Finance 125,700 GEL
Inventory Accountant Accounting and Finance 56,460 GEL
Investment Advisor Accounting and Finance 148,300 GEL
Investment Analyst Accounting and Finance 103,580 GEL
Investment Associate Accounting and Finance 87,940 GEL
Investment Broker Accounting and Finance 88,620 GEL
Investment Fund Manager Accounting and Finance 115,740 GEL
Investment Operations Manager Accounting and Finance 127,700 GEL
Investment Underwriter Accounting and Finance 47,720 GEL
Investor Accounting and Finance 70,940 GEL
Investor Relations Manager Accounting and Finance 103,580 GEL
KYC Team Leader Accounting and Finance 104,600 GEL
Loan Processor Accounting and Finance 41,820 GEL
Management Accountant Accounting and Finance 60,020 GEL
Management Economist Accounting and Finance 123,400 GEL
Paymaster Accounting and Finance 43,340 GEL
Payroll Administrator Accounting and Finance 69,580 GEL
Payroll Benefits Coordinator Accounting and Finance 64,040 GEL
Payroll Billing Manager Accounting and Finance 102,020 GEL
Payroll Clerk Accounting and Finance 48,940 GEL
Payroll Manager Accounting and Finance 102,020 GEL
Payroll Officer Accounting and Finance 45,720 GEL
Payroll Specialist Accounting and Finance 57,360 GEL
Payroll Supervisor Accounting and Finance 69,780 GEL
Pensions Administrator Accounting and Finance 57,360 GEL
Personal Financial Advisor Accounting and Finance 81,180 GEL
Pricing Analyst Accounting and Finance 93,660 GEL
Private Equity Analyst Accounting and Finance 95,720 GEL
Project Accountant Accounting and Finance 56,460 GEL
Proposal Development Coordinator Accounting and Finance 46,980 GEL
Receivables Accountant Accounting and Finance 50,660 GEL
Regulatory Accountant Accounting and Finance 59,940 GEL
Retirement Plan Analyst Accounting and Finance 84,780 GEL
Revenue Management Specialist Accounting and Finance 95,760 GEL
Revenue Recognition Analyst Accounting and Finance 100,280 GEL
Risk Management Director Accounting and Finance 134,600 GEL
Risk Management Supervisor Accounting and Finance 106,440 GEL
Staff Accountant Accounting and Finance 51,100 GEL
Tax Accountant Accounting and Finance 53,860 GEL
Tax Administrator Accounting and Finance 57,440 GEL
Tax Advisor Accounting and Finance 80,520 GEL
Tax Analyst Accounting and Finance 80,340 GEL
Tax Associate Accounting and Finance 47,120 GEL
Tax Consultant Accounting and Finance 89,460 GEL
Tax Director Accounting and Finance 129,000 GEL
Tax Examiner Accounting and Finance 58,440 GEL
Tax Manager Accounting and Finance 110,340 GEL
Tax Research Manager Accounting and Finance 106,780 GEL
Teller Accounting and Finance 32,420 GEL
Treasury Accountant Accounting and Finance 59,380 GEL
Treasury Analyst Accounting and Finance 86,740 GEL
Underwriter Accounting and Finance 36,020 GEL
Underwriting Assistant Accounting and Finance 35,420 GEL
Vice President of Finance Accounting and Finance 143,200 GEL

Salary Comparison by City

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

City Average Salary
Batumi 79,500 GEL
Tbilisi 86,800 GEL

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