Average Financial Section Head Salary in Iraq for 2024

In this article, we will look at the average Financial Section Head salary for 2024 in Iraq 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 Iraqi dinar. To keep things simple, we are using the IQD currency code instead of the currency symbol ع.د.

How Much Does a Financial Section Head Make in Iraq?

A Financial Section Head working in Iraq will typically earn around 36,001,200 IQD per year, and this can range from the lowest average salary of about 19,078,500 IQD to the highest average salary of 54,719,600 IQD.

Average Annual Salary
36,001,200 IQD
Average Monthly Salary
3,000,100 IQD

Lowest Annual Salary
19,078,500 IQD
Lowest Monthly Salary
1,589,875 IQD

Highest Annual Salary
54,719,600 IQD
Highest Monthly Salary
4,559,966 IQD

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

Financial Section Head 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 Section Head Salaries in Iraq

So we've looked at the average salaries a Financial Section Head will earn in Iraq. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Section Head can earn between 19,078,500 IQD and 54,719,600 IQD on average in Iraq. 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 Section Head in Iraq is 33,841,700 IQD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 33,841,700 IQD, and 50% of the population earn more than 33,841,700 IQD.

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 Section Head salary in Iraq, 25% of the population are earning less than 23,878,400 IQD while 75% of the population earn more than 23,878,400 IQD.

75% of the population earn less than 41,638,700 IQD, and 25% of the population earn more than 41,638,700 IQD.

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 Section Head Salary by Experience Level in Iraq

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 section head 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 Section Head in Iraq that has less than two years of experience can expect to earn somewhere in the region of 21,961,700 IQD.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Section Head salary would increase to 26,880,900 IQD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Section Head, the average salary would be 38,158,300 IQD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 44,519,300 IQD.
  • 15 - 20 Years Experience. A Financial Section Head with 15 to 20 years of experience can earn an average of 49,079,800 IQD.
  • 20+ Years Experience. For a Financial Section Head with more than 20 years, the expected average salary increases to 51,841,000 IQD.

Average Salary by Experience Chart

0-2 Years
21,961,700 IQD
2-5 Years +23%
26,880,900 IQD
5-10 Years +42%
38,158,300 IQD
10-15 Years +17%
44,519,300 IQD
15-20 Years +10%
49,079,800 IQD
20+ Years +6%
51,841,000 IQD

Financial Section Head Salary by Education Level in Iraq

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 Section Head in Iraq 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 Section Head in Iraq with a certificate or diploma education can earn an average salary of 26,880,900 IQD.

  • Bachelor's Degree. A Financial Section Head in Iraq with a bachelor's degree education can earn an average salary of 34,799,800 IQD.

  • Master's Degree. A Financial Section Head in Iraq with a master's degree education can earn an average salary of 49,801,000 IQD.

Average Salary by Education Chart

Certificate or Diploma
26,880,900 IQD
Bachelor's Degree +29%
34,799,800 IQD
Master's Degree +43%
49,801,000 IQD

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 Iraq is around 10,200,000 to 30,700,000 IQD 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 Section Head 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 Iraq, a male financial section head will earn an average of 38,158,300 IQD, while a female financial section head will earn around 32,519,500 IQD.

This means that a male financial section head earns approximately 17% more than a female financial section head for performing the same job.

Average Salary by Gender Chart in Iraq

Male
38,158,300 IQD
Female -17%
32,519,500 IQD

Financial Section Head Average Pay Raise in Iraq

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 Section Head in Iraq is around 11% every 20 months.

The national average pay raise across all professions and industries in Iraq is around 7% every 20 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 = ( 11 ÷ 20 ) × 12  = 7%

What this means is that a Financial Section Head in Iraq can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Iraq for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Financial Section Head Bonus and Incentive Rates in Iraq

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 Section Head is a high bonus based job, with 74% of employees reporting at least one bonus in the last 12 months.

26% 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 6% to 8%.

Received Bonus
74%
No Bonus
26%

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 Iraq earn approximately 15% more than private sector employees in the same role.

Public Sector
26,399,200 IQD
Private Sector -15%
23,040,200 IQD

Salaries for Jobs Similar to a Financial Section Head

In the table below, we have salary information for jobs that are similar to a Financial Section Head in Iraq.

Job Title Category Salary
Account Examiner Accounting and Finance 14,038,300 IQD
Account Executive Accounting and Finance 21,961,700 IQD
Accountant Accounting and Finance 18,479,600 IQD
Accounting Analyst Accounting and Finance 21,599,000 IQD
Accounting Assistant Accounting and Finance 14,519,400 IQD
Accounting Associate Accounting and Finance 13,441,600 IQD
Accounting Clerk Accounting and Finance 10,943,000 IQD
Accounting Coordinator Accounting and Finance 16,918,700 IQD
Accounting Head Accounting and Finance 34,679,400 IQD
Accounting Manager Accounting and Finance 36,601,600 IQD
Accounting Officer Accounting and Finance 13,079,500 IQD
Accounting Specialist Accounting and Finance 24,000,900 IQD
Accounting Supervisor Accounting and Finance 25,801,200 IQD
Accounting Technician Accounting and Finance 12,481,200 IQD
Accounting Unit Controller Accounting and Finance 29,519,900 IQD
Accounts Executive Accounting and Finance 24,000,900 IQD
Accounts Officer Accounting and Finance 13,919,600 IQD
Accounts Payable and Receivable Specialist Accounting and Finance 17,640,500 IQD
Accounts Payable Assistant Accounting and Finance 14,880,300 IQD
Accounts Payable Associate Accounting and Finance 17,039,100 IQD
Accounts Payable Clerk Accounting and Finance 12,841,200 IQD
Accounts Payable Manager Accounting and Finance 34,198,600 IQD
Accounts Receivable Administrator Accounting and Finance 26,158,200 IQD
Accounts Receivable Clerk Accounting and Finance 12,958,200 IQD
Accounts Receivable Financial Analyst Accounting and Finance 24,359,000 IQD
Accounts Receivable Manager Accounting and Finance 33,961,700 IQD
Accounts Receivable Team Leader Accounting and Finance 26,759,500 IQD
Assistant Accountant Accounting and Finance 13,919,600 IQD
Assistant Accounting Manager Accounting and Finance 33,001,000 IQD
Assistant Auditor Accounting and Finance 18,479,600 IQD
Assistant Corporate Controller Accounting and Finance 24,718,600 IQD
Assistant Finance Manager Accounting and Finance 38,399,900 IQD
Assistant Financial Controller Accounting and Finance 24,718,600 IQD
Audit Director Accounting and Finance 42,601,100 IQD
Audit Supervisor Accounting and Finance 32,398,700 IQD
Auditing Clerk Accounting and Finance 13,919,600 IQD
Auditing Manager Accounting and Finance 37,318,700 IQD
Billing Clerk Accounting and Finance 13,679,300 IQD
Billing Coordinator Accounting and Finance 16,320,700 IQD
Billing Specialist Accounting and Finance 18,479,600 IQD
Billing Supervisor Accounting and Finance 27,721,300 IQD
Bookkeeper Accounting and Finance 11,953,700 IQD
Bookkeeping Specialist Accounting and Finance 17,039,100 IQD
Budget Analyst Accounting and Finance 31,320,700 IQD
Budget Manager Accounting and Finance 37,681,400 IQD
Business Support Analyst Accounting and Finance 20,878,800 IQD
Capital Markets Associate Accounting and Finance 28,200,200 IQD
Cash Flow Analyst Accounting and Finance 27,601,100 IQD
Cash Management Manager Accounting and Finance 36,240,700 IQD
Cash Management Officer Accounting and Finance 21,121,400 IQD
Cashbook Clerk Accounting and Finance 11,772,100 IQD
Chartered Accountant Accounting and Finance 23,520,800 IQD
Chief Accountant Accounting and Finance 26,639,300 IQD
Collections Clerk Accounting and Finance 11,425,300 IQD
Collections Representative Accounting and Finance 15,719,900 IQD
Collections Specialist Accounting and Finance 19,078,500 IQD
Corporate Controller Accounting and Finance 27,479,000 IQD
Corporate Treasurer Accounting and Finance 35,878,200 IQD
Cost Accountant Accounting and Finance 17,640,500 IQD
Cost Accounting Manager Accounting and Finance 37,318,700 IQD
Cost Accounting Supervisor Accounting and Finance 29,641,500 IQD
Cost Analyst Accounting and Finance 30,001,600 IQD
Credit and Collection Manager Accounting and Finance 36,480,500 IQD
Credit and Collection Staff Accounting and Finance 13,319,300 IQD
Credit and Loans Officer Accounting and Finance 13,679,300 IQD
Credit Controller Accounting and Finance 25,919,400 IQD
Credit Manager Accounting and Finance 39,481,900 IQD
Debt Adviser Accounting and Finance 29,041,200 IQD
Debt Collector Accounting and Finance 14,158,800 IQD
Debtors Clerk Accounting and Finance 12,841,200 IQD
Debtors Controller Accounting and Finance 13,079,500 IQD
Deputy CFO Accounting and Finance 50,281,100 IQD
Deputy Head of Finance Accounting and Finance 50,639,500 IQD
Derivative Trader Accounting and Finance 32,161,000 IQD
Director of Finance Accounting and Finance 53,879,800 IQD
Economist Accounting and Finance 41,520,800 IQD
Equity Analyst Accounting and Finance 32,038,500 IQD
Escrow Assistant Accounting and Finance 15,360,400 IQD
Executive Accountant Accounting and Finance 20,518,900 IQD
External Auditor Accounting and Finance 25,200,800 IQD
Finance Administrator Accounting and Finance 21,478,100 IQD
Finance Analyst Accounting and Finance 34,078,800 IQD
Finance Associate Accounting and Finance 16,079,800 IQD
Finance Director Accounting and Finance 54,600,600 IQD
Finance Executive Accounting and Finance 38,158,300 IQD
Finance Licensing Clerk Accounting and Finance 12,721,300 IQD
Finance Licensing Manager Accounting and Finance 33,841,700 IQD
Finance Licensing Specialist Accounting and Finance 19,200,400 IQD
Finance Manager Accounting and Finance 52,078,500 IQD
Finance Officer Accounting and Finance 16,918,700 IQD
Finance President Accounting and Finance 51,719,500 IQD
Finance Relationship Manager Accounting and Finance 41,520,800 IQD
Finance Release Analyst Accounting and Finance 20,760,500 IQD
Finance Specialist Accounting and Finance 30,841,400 IQD
Finance Team Leader Accounting and Finance 42,119,100 IQD
Financial Accountant Accounting and Finance 17,519,700 IQD
Financial Actuary Accounting and Finance 28,801,400 IQD
Financial Administrator Accounting and Finance 28,801,400 IQD
Financial Advisor Accounting and Finance 33,961,700 IQD
Financial Analyst Accounting and Finance 32,280,500 IQD
Financial Applications Specialist Accounting and Finance 22,081,800 IQD
Financial Assistant Accounting and Finance 14,280,500 IQD
Financial Associate Accounting and Finance 14,519,400 IQD
Financial Associate Accounting and Finance 17,879,000 IQD
Financial Claims Analyst Accounting and Finance 24,958,800 IQD
Financial Claims Manager Accounting and Finance 33,119,100 IQD
Financial Claims Supervisor Accounting and Finance 30,841,400 IQD
Financial Clerk Accounting and Finance 13,679,300 IQD
Financial Commercial Analyst Accounting and Finance 27,241,100 IQD
Financial Compliance Analyst Accounting and Finance 28,560,900 IQD
Financial Consultant Accounting and Finance 24,718,600 IQD
Financial Controller Accounting and Finance 28,318,900 IQD
Financial Controller Accounting and Finance 30,119,100 IQD
Financial Coordinator Accounting and Finance 16,679,800 IQD
Financial Customer Service Manager Accounting and Finance 31,440,200 IQD
Financial Dealer and Broker Accounting and Finance 19,321,100 IQD
Financial Director Accounting and Finance 51,238,900 IQD
Financial Encoder Accounting and Finance 15,001,200 IQD
Financial Manager Accounting and Finance 48,119,900 IQD
Financial Manager Accounting and Finance 49,198,300 IQD
Financial Operations Manager Accounting and Finance 43,921,700 IQD
Financial Policy Analyst Accounting and Finance 27,960,400 IQD
Financial Project Manager Accounting and Finance 38,760,100 IQD
Financial Quantitative Analyst Accounting and Finance 30,961,800 IQD
Financial Reporting Consultant Accounting and Finance 25,679,100 IQD
Financial Reporting Manager Accounting and Finance 34,441,600 IQD
Financial Services Manager Accounting and Finance 44,878,500 IQD
Financial Services Sales Agent Accounting and Finance 19,921,600 IQD
Fixed Assets Administrator Accounting and Finance 18,001,100 IQD
Forensic Accountant Accounting and Finance 20,999,200 IQD
Fraud Detection Supervisor Accounting and Finance 21,241,100 IQD
Fraud Prevention Manager Accounting and Finance 35,279,300 IQD
Fund Accountant Accounting and Finance 16,561,800 IQD
Grants Coordinator Accounting and Finance 13,798,900 IQD
Group Financial Manager Accounting and Finance 54,358,300 IQD
Internal Auditor Accounting and Finance 24,119,700 IQD
Internal Control Adviser Accounting and Finance 27,118,300 IQD
Internal Control Officer Accounting and Finance 15,118,700 IQD
International Tax Director Accounting and Finance 42,479,000 IQD
Inventory Accountant Accounting and Finance 18,479,600 IQD
Investment Advisor Accounting and Finance 46,680,900 IQD
Investment Analyst Accounting and Finance 34,561,900 IQD
Investment Associate Accounting and Finance 31,559,900 IQD
Investment Broker Accounting and Finance 29,399,100 IQD
Investment Fund Manager Accounting and Finance 42,119,100 IQD
Investment Operations Manager Accounting and Finance 39,241,100 IQD
Investment Underwriter Accounting and Finance 16,079,800 IQD
Investor Accounting and Finance 23,399,000 IQD
Investor Relations Manager Accounting and Finance 36,480,500 IQD
KYC Team Leader Accounting and Finance 36,601,600 IQD
Loan Processor Accounting and Finance 14,880,300 IQD
Management Accountant Accounting and Finance 20,038,100 IQD
Management Economist Accounting and Finance 42,239,100 IQD
Paymaster Accounting and Finance 15,238,200 IQD
Payroll Administrator Accounting and Finance 23,399,000 IQD
Payroll Benefits Coordinator Accounting and Finance 19,078,500 IQD
Payroll Billing Manager Accounting and Finance 31,559,900 IQD
Payroll Clerk Accounting and Finance 15,599,800 IQD
Payroll Manager Accounting and Finance 32,758,100 IQD
Payroll Officer Accounting and Finance 15,118,700 IQD
Payroll Specialist Accounting and Finance 18,121,700 IQD
Payroll Supervisor Accounting and Finance 22,918,100 IQD
Pensions Administrator Accounting and Finance 19,200,400 IQD
Personal Financial Advisor Accounting and Finance 26,759,500 IQD
Pricing Analyst Accounting and Finance 29,641,500 IQD
Private Equity Analyst Accounting and Finance 33,001,000 IQD
Project Accountant Accounting and Finance 20,159,800 IQD
Proposal Development Coordinator Accounting and Finance 16,079,800 IQD
Receivables Accountant Accounting and Finance 16,320,700 IQD
Regulatory Accountant Accounting and Finance 19,558,300 IQD
Retirement Plan Analyst Accounting and Finance 27,479,000 IQD
Revenue Management Specialist Accounting and Finance 28,679,900 IQD
Revenue Recognition Analyst Accounting and Finance 33,360,800 IQD
Risk Management Director Accounting and Finance 43,680,700 IQD
Risk Management Supervisor Accounting and Finance 36,001,200 IQD
Staff Accountant Accounting and Finance 18,001,100 IQD
Tax Accountant Accounting and Finance 17,159,700 IQD
Tax Administrator Accounting and Finance 19,921,600 IQD
Tax Advisor Accounting and Finance 28,200,200 IQD
Tax Analyst Accounting and Finance 28,318,900 IQD
Tax Associate Accounting and Finance 15,480,300 IQD
Tax Consultant Accounting and Finance 29,641,500 IQD
Tax Director Accounting and Finance 43,198,900 IQD
Tax Examiner Accounting and Finance 19,921,600 IQD
Tax Manager Accounting and Finance 37,318,700 IQD
Tax Research Manager Accounting and Finance 37,441,100 IQD
Teller Accounting and Finance 10,943,000 IQD
Treasury Accountant Accounting and Finance 18,840,100 IQD
Treasury Analyst Accounting and Finance 28,919,800 IQD
Underwriter Accounting and Finance 13,199,100 IQD
Underwriting Assistant Accounting and Finance 12,361,500 IQD
Vice President of Finance Accounting and Finance 47,280,300 IQD

Salary Comparison by City

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

City Average Salary
Al-Basrah 36,960,300 IQD
Al-Mawsil 30,600,900 IQD
An-Najaf 36,601,600 IQD
Baghdad 36,240,700 IQD
Irbil 34,441,600 IQD
Kirkuk 31,678,800 IQD

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