Average Financial Services Manager Salary in Colombo, Sri Lanka for 2026
In this article, we will look at the average Financial Services Manager salary for 2026 in Colombo 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 Sri Lankan rupee. To keep things simple, we are using the LKR currency code instead of the currency symbol Rs රු.
How Much Does a Financial Services Manager Make in Colombo?
A Financial Services Manager working in Colombo will typically earn around 2,146,100 LKR per year, and this can range from the lowest average salary of about 986,700 LKR to the highest average salary of 3,406,900 LKR.
These are average salaries for a Financial Services Manager in Colombo and include benefits such as housing and transport. It's also possible for a Financial Services Manager to earn more or less than the average salaries shown above.
Financial Services 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 Services Manager Salaries in Colombo
So we've looked at the average salaries a Financial Services Manager will earn in Colombo. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Financial Services Manager can earn between 986,700 LKR and 3,406,900 LKR on average in Colombo. 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 Services Manager in Colombo is 2,314,800 LKR. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 2,314,800 LKR, and 50% of the population earn more than 2,314,800 LKR.
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 Services Manager salary in Colombo, 25% of the population are earning less than 1,487,200 LKR while 75% of the population earn more than 1,487,200 LKR.
75% of the population earn less than 3,085,500 LKR, and 25% of the population earn more than 3,085,500 LKR.
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 Services Manager Salary by Experience Level in Colombo
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 Services 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 Services Manager in Colombo that has less than two years of experience can expect to earn somewhere in the region of 1,117,800 LKR.
- 2 - 5 Years Experience. With two to five years of experience the average Financial Services Manager salary would increase to 1,487,200 LKR.
- 5 - 10 Years Experience. From five to ten years of experience as a Financial Services Manager, the average salary would be 2,207,600 LKR.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,688,800 LKR.
- 15 - 20 Years Experience. A Financial Services Manager with 15 to 20 years of experience can earn an average of 2,941,000 LKR.
- 20+ Years Experience. For a Financial Services Manager with more than 20 years, the expected average salary increases to 3,178,700 LKR.
Average Salary by Experience Chart
| 0-2 Years | - | 1,117,800 LKR |
| 2-5 Years | +34% | 1,487,200 LKR |
| 5-10 Years | +48% | 2,207,600 LKR |
| 10-15 Years | +22% | 2,688,800 LKR |
| 15-20 Years | +9% | 2,941,000 LKR |
| 20+ Years | +8% | 3,178,700 LKR |
Financial Services Manager Salary by Education Level in Colombo
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 Services Manager in Colombo 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 Services Manager in Colombo with a certificate or diploma education can earn an average salary of 1,273,300 LKR.
- Bachelor's Degree. A Financial Services Manager in Colombo with a bachelor's degree education can earn an average salary of 2,003,200 LKR.
- Master's Degree. A Financial Services Manager in Colombo with a master's degree education can earn an average salary of 3,359,900 LKR.
Average Salary by Education Chart
| Certificate or Diploma | - | 1,273,300 LKR |
| Bachelor's Degree | +57% | 2,003,200 LKR |
| Master's Degree | +68% | 3,359,900 LKR |
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 Sri Lanka is around 449,000 to 1,350,000 LKR 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 Services 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 Colombo, a male financial services manager will earn an average of 2,052,200 LKR, while a female financial services manager will earn around 1,858,200 LKR.
This means that a male financial services manager earns approximately 10% more than a female financial services manager for performing the same job.
Average Salary by Gender Chart in Colombo
| Male | - | 2,052,200 LKR |
| Female | -10% | 1,858,200 LKR |
Financial Services Manager Average Pay Raise in Colombo
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 Services Manager in Colombo is around 14% every 18 months.
The national average pay raise across all professions and industries in Sri Lanka 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 = ( 14 ÷ 18 ) × 12 = 9%
What this means is that a Financial Services Manager in Colombo can expect to receive an average pay raise of around 9% every 12 months.
Annual Pay Raise by Industry in Colombo for 2026
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Sri Lanka.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
| Banking | - | 6% |
| Energy | - | 3% |
| Information Technology | - | 9% |
| Healthcare | - | 6% |
| Travel | - | 3% |
| Construction | - | 9% |
| Education | - | 6% |
Financial Services Manager Bonus and Incentive Rates in Colombo
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 Services Manager is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.
19% 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 | - | 81% |
| No Bonus | - | 19% |
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 Sri Lanka earn approximately 8% more than private sector employees in the same role.
| Public Sector | - | 1,109,200 LKR |
| Private Sector | -8% | 1,031,200 LKR |
Salaries for Jobs Similar to a Financial Services Manager
In the table below, we have salary information for jobs that are similar to a Financial Services Manager in Colombo.
| Job Title | Category | Salary |
|---|---|---|
| Account Examiner | Accounting and Finance | 575,100 LKR |
| Account Executive | Accounting and Finance | 1,025,100 LKR |
| Accountant | Accounting and Finance | 803,400 LKR |
| Accounting Analyst | Accounting and Finance | 953,200 LKR |
| Accounting Assistant | Accounting and Finance | 631,200 LKR |
| Accounting Associate | Accounting and Finance | 543,200 LKR |
| Accounting Clerk | Accounting and Finance | 478,000 LKR |
| Accounting Coordinator | Accounting and Finance | 691,200 LKR |
| Accounting Head | Accounting and Finance | 1,621,400 LKR |
| Accounting Manager | Accounting and Finance | 1,606,100 LKR |
| Accounting Officer | Accounting and Finance | 576,500 LKR |
| Accounting Specialist | Accounting and Finance | 1,057,700 LKR |
| Accounting Supervisor | Accounting and Finance | 1,048,100 LKR |
| Accounting Technician | Accounting and Finance | 573,500 LKR |
| Accounting Unit Controller | Accounting and Finance | 1,306,100 LKR |
| Accounts Executive | Accounting and Finance | 983,100 LKR |
| Accounts Officer | Accounting and Finance | 615,700 LKR |
| Accounts Payable Assistant | Accounting and Finance | 643,800 LKR |
| Accounts Payable Associate | Accounting and Finance | 693,100 LKR |
| Accounts Payable Clerk | Accounting and Finance | 563,000 LKR |
| Accounts Payable Manager | Accounting and Finance | 1,500,800 LKR |
| Accounts Payable and Receivable Specialist | Accounting and Finance | 832,100 LKR |
| Accounts Receivable Administrator | Accounting and Finance | 1,120,700 LKR |
| Accounts Receivable Clerk | Accounting and Finance | 566,900 LKR |
| Accounts Receivable Financial Analyst | Accounting and Finance | 1,065,800 LKR |
| Accounts Receivable Manager | Accounting and Finance | 1,487,200 LKR |
| Accounts Receivable Team Leader | Accounting and Finance | 1,120,700 LKR |
| Assistant Accountant | Accounting and Finance | 581,000 LKR |
| Assistant Accounting Manager | Accounting and Finance | 1,500,800 LKR |
| Assistant Auditor | Accounting and Finance | 773,400 LKR |
| Assistant Corporate Controller | Accounting and Finance | 1,104,400 LKR |
| Assistant Finance Manager | Accounting and Finance | 1,716,600 LKR |
| Assistant Financial Controller | Accounting and Finance | 1,099,800 LKR |
| Audit Director | Accounting and Finance | 1,788,300 LKR |
| Audit Supervisor | Accounting and Finance | 1,428,800 LKR |
| Auditing Clerk | Accounting and Finance | 615,700 LKR |
| Auditing Manager | Accounting and Finance | 1,655,500 LKR |
| Billing Clerk | Accounting and Finance | 583,000 LKR |
| Billing Coordinator | Accounting and Finance | 701,400 LKR |
| Billing Specialist | Accounting and Finance | 838,100 LKR |
| Billing Supervisor | Accounting and Finance | 1,235,600 LKR |
| Bookkeeper | Accounting and Finance | 531,700 LKR |
| Bookkeeping Specialist | Accounting and Finance | 780,600 LKR |
| Budget Analyst | Accounting and Finance | 1,391,600 LKR |
| Budget Manager | Accounting and Finance | 1,678,300 LKR |
| Business Support Analyst | Accounting and Finance | 874,500 LKR |
| Capital Markets Associate | Accounting and Finance | 1,191,100 LKR |
| Cash Flow Analyst | Accounting and Finance | 1,235,600 LKR |
| Cash Management Manager | Accounting and Finance | 1,621,400 LKR |
| Cash Management Officer | Accounting and Finance | 946,800 LKR |
| Cashbook Clerk | Accounting and Finance | 533,000 LKR |
| Chartered Accountant | Accounting and Finance | 1,054,900 LKR |
| Chief Accountant | Accounting and Finance | 1,182,400 LKR |
| Collections Clerk | Accounting and Finance | 496,100 LKR |
| Collections Representative | Accounting and Finance | 701,400 LKR |
| Collections Specialist | Accounting and Finance | 778,900 LKR |
| Corporate Controller | Accounting and Finance | 1,249,900 LKR |
| Corporate Treasurer | Accounting and Finance | 1,464,200 LKR |
| Cost Accountant | Accounting and Finance | 807,900 LKR |
| Cost Accounting Manager | Accounting and Finance | 1,524,300 LKR |
| Cost Accounting Supervisor | Accounting and Finance | 1,235,600 LKR |
| Cost Analyst | Accounting and Finance | 1,224,800 LKR |
| Credit Controller | Accounting and Finance | 1,094,000 LKR |
| Credit Manager | Accounting and Finance | 1,621,400 LKR |
| Credit and Collection Manager | Accounting and Finance | 1,632,100 LKR |
| Credit and Collection Staff | Accounting and Finance | 583,000 LKR |
| Credit and Loans Officer | Accounting and Finance | 558,300 LKR |
| Debt Adviser | Accounting and Finance | 1,273,300 LKR |
| Debt Collector | Accounting and Finance | 623,700 LKR |
| Debtors Clerk | Accounting and Finance | 539,800 LKR |
| Debtors Controller | Accounting and Finance | 576,500 LKR |
| Deputy CFO | Accounting and Finance | 2,242,500 LKR |
| Deputy Head of Finance | Accounting and Finance | 2,266,400 LKR |
| Derivative Trader | Accounting and Finance | 1,306,100 LKR |
| Director of Finance | Accounting and Finance | 2,242,500 LKR |
| Economist | Accounting and Finance | 1,835,700 LKR |
| Equity Analyst | Accounting and Finance | 1,428,800 LKR |
| Escrow Assistant | Accounting and Finance | 694,700 LKR |
| Executive Accountant | Accounting and Finance | 852,600 LKR |
| External Auditor | Accounting and Finance | 1,120,700 LKR |
| Finance Administrator | Accounting and Finance | 899,900 LKR |
| Finance Analyst | Accounting and Finance | 1,440,700 LKR |
| Finance Associate | Accounting and Finance | 674,100 LKR |
| Finance Director | Accounting and Finance | 2,290,300 LKR |
| Finance Executive | Accounting and Finance | 1,693,600 LKR |
| Finance Licensing Clerk | Accounting and Finance | 581,000 LKR |
| Finance Licensing Manager | Accounting and Finance | 1,547,500 LKR |
| Finance Licensing Specialist | Accounting and Finance | 879,700 LKR |
| Finance Manager | Accounting and Finance | 2,184,900 LKR |
| Finance Officer | Accounting and Finance | 774,200 LKR |
| Finance President | Accounting and Finance | 2,435,600 LKR |
| Finance Relationship Manager | Accounting and Finance | 1,788,300 LKR |
| Finance Release Analyst | Accounting and Finance | 927,000 LKR |
| Finance Specialist | Accounting and Finance | 1,296,900 LKR |
| Finance Team Leader | Accounting and Finance | 1,728,900 LKR |
| Financial Accountant | Accounting and Finance | 773,400 LKR |
| Financial Actuary | Accounting and Finance | 1,212,800 LKR |
| Financial Administrator | Accounting and Finance | 1,357,900 LKR |
| Financial Advisor | Accounting and Finance | 1,428,800 LKR |
| Financial Analyst | Accounting and Finance | 1,428,800 LKR |
| Financial Applications Specialist | Accounting and Finance | 976,300 LKR |
| Financial Assistant | Accounting and Finance | 631,200 LKR |
| Financial Associate | Accounting and Finance | 663,200 LKR |
| Financial Associate | Accounting and Finance | 754,900 LKR |
| Financial Claims Analyst | Accounting and Finance | 1,012,100 LKR |
| Financial Claims Manager | Accounting and Finance | 1,345,400 LKR |
| Financial Claims Supervisor | Accounting and Finance | 1,259,300 LKR |
| Financial Clerk | Accounting and Finance | 628,000 LKR |
| Financial Commercial Analyst | Accounting and Finance | 1,191,100 LKR |
| Financial Compliance Analyst | Accounting and Finance | 1,259,300 LKR |
| Financial Consultant | Accounting and Finance | 1,108,500 LKR |
| Financial Controller | Accounting and Finance | 1,249,900 LKR |
| Financial Controller | Accounting and Finance | 1,320,500 LKR |
| Financial Coordinator | Accounting and Finance | 693,100 LKR |
| Financial Customer Service Manager | Accounting and Finance | 1,428,800 LKR |
| Financial Dealer and Broker | Accounting and Finance | 854,300 LKR |
| Financial Director | Accounting and Finance | 2,401,300 LKR |
| Financial Encoder | Accounting and Finance | 659,200 LKR |
| Financial Manager | Accounting and Finance | 2,110,600 LKR |
| Financial Manager | Accounting and Finance | 2,173,000 LKR |
| Financial Operations Manager | Accounting and Finance | 2,065,400 LKR |
| Financial Policy Analyst | Accounting and Finance | 1,283,600 LKR |
| Financial Project Manager | Accounting and Finance | 1,583,700 LKR |
| Financial Quantitative Analyst | Accounting and Finance | 1,417,600 LKR |
| Financial Reporting Consultant | Accounting and Finance | 1,099,800 LKR |
| Financial Reporting Manager | Accounting and Finance | 1,583,700 LKR |
| Financial Section Head | Accounting and Finance | 1,524,300 LKR |
| Financial Services Sales Agent | Accounting and Finance | 832,100 LKR |
| Fixed Assets Administrator | Accounting and Finance | 840,100 LKR |
| Forensic Accountant | Accounting and Finance | 899,900 LKR |
| Fraud Detection Supervisor | Accounting and Finance | 964,000 LKR |
| Fraud Prevention Manager | Accounting and Finance | 1,606,100 LKR |
| Fund Accountant | Accounting and Finance | 754,900 LKR |
| Grants Coordinator | Accounting and Finance | 559,000 LKR |
| Group Financial Manager | Accounting and Finance | 2,230,100 LKR |
| Internal Auditor | Accounting and Finance | 1,074,600 LKR |
| Internal Control Adviser | Accounting and Finance | 1,235,600 LKR |
| Internal Control Officer | Accounting and Finance | 683,800 LKR |
| International Tax Director | Accounting and Finance | 1,930,500 LKR |
| Inventory Accountant | Accounting and Finance | 840,100 LKR |
| Investment Advisor | Accounting and Finance | 2,124,400 LKR |
| Investment Analyst | Accounting and Finance | 1,570,900 LKR |
| Investment Associate | Accounting and Finance | 1,333,900 LKR |
| Investment Broker | Accounting and Finance | 1,345,400 LKR |
| Investment Fund Manager | Accounting and Finance | 1,777,700 LKR |
| Investment Operations Manager | Accounting and Finance | 1,788,300 LKR |
| Investment Underwriter | Accounting and Finance | 681,500 LKR |
| Investor | Accounting and Finance | 1,069,800 LKR |
| Investor Relations Manager | Accounting and Finance | 1,510,400 LKR |
| KYC Team Leader | Accounting and Finance | 1,594,500 LKR |
| Loan Processor | Accounting and Finance | 637,500 LKR |
| Management Accountant | Accounting and Finance | 918,500 LKR |
| Management Economist | Accounting and Finance | 1,751,700 LKR |
| Paymaster | Accounting and Finance | 664,500 LKR |
| Payroll Administrator | Accounting and Finance | 1,074,600 LKR |
| Payroll Benefits Coordinator | Accounting and Finance | 832,300 LKR |
| Payroll Billing Manager | Accounting and Finance | 1,380,400 LKR |
| Payroll Clerk | Accounting and Finance | 714,600 LKR |
| Payroll Manager | Accounting and Finance | 1,500,800 LKR |
| Payroll Officer | Accounting and Finance | 663,200 LKR |
| Payroll Specialist | Accounting and Finance | 794,900 LKR |
| Payroll Supervisor | Accounting and Finance | 1,048,100 LKR |
| Pensions Administrator | Accounting and Finance | 798,900 LKR |
| Personal Financial Advisor | Accounting and Finance | 1,148,200 LKR |
| Pricing Analyst | Accounting and Finance | 1,357,900 LKR |
| Private Equity Analyst | Accounting and Finance | 1,428,800 LKR |
| Project Accountant | Accounting and Finance | 878,900 LKR |
| Proposal Development Coordinator | Accounting and Finance | 672,600 LKR |
| Receivables Accountant | Accounting and Finance | 744,700 LKR |
| Regulatory Accountant | Accounting and Finance | 864,700 LKR |
| Retirement Plan Analyst | Accounting and Finance | 1,249,900 LKR |
| Revenue Management Specialist | Accounting and Finance | 1,306,100 LKR |
| Revenue Recognition Analyst | Accounting and Finance | 1,440,700 LKR |
| Risk Management Director | Accounting and Finance | 1,825,000 LKR |
| Risk Management Supervisor | Accounting and Finance | 1,500,800 LKR |
| Staff Accountant | Accounting and Finance | 759,300 LKR |
| Tax Accountant | Accounting and Finance | 759,300 LKR |
| Tax Administrator | Accounting and Finance | 894,500 LKR |
| Tax Advisor | Accounting and Finance | 1,259,300 LKR |
| Tax Analyst | Accounting and Finance | 1,148,200 LKR |
| Tax Associate | Accounting and Finance | 687,100 LKR |
| Tax Consultant | Accounting and Finance | 1,198,300 LKR |
| Tax Director | Accounting and Finance | 1,751,700 LKR |
| Tax Examiner | Accounting and Finance | 868,400 LKR |
| Tax Manager | Accounting and Finance | 1,560,800 LKR |
| Tax Research Manager | Accounting and Finance | 1,560,800 LKR |
| Teller | Accounting and Finance | 459,700 LKR |
| Treasury Accountant | Accounting and Finance | 824,800 LKR |
| Treasury Analyst | Accounting and Finance | 1,273,300 LKR |
| Underwriter | Accounting and Finance | 535,900 LKR |
| Underwriting Assistant | Accounting and Finance | 507,300 LKR |
| Vice President of Finance | Accounting and Finance | 2,146,100 LKR |
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