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Top Management

Salary for position Economic/Financial Manager in Estonia

Average monthly net salary in Estonia is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
1,827 - 6,442 EUR
10% earn less lthan 1,827 EUR
10% earns more than 6,442 EUR
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Salaries in the survey are expressed in net.

Based on the Palgad.ee salary survey, 80% of people on the Economic/Financial Manager position in the Estonia earn between 1,827 EUR and 6,442 EUR monthly net.

10% of employees earn less than 1,827 EUR and 10% of people earn more than 6,442 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Economic/Financial Manager typically do

  • Responsibility for the smooth running of the economic department in the company.
  • Planning, managing, and monitoring all the financial activities in the company.
  • Managing, coordinating, motivating and assessing subordinate employees.
  • Drawing up a budget, forecasts, and a financial plan.
  • Managing and monitoring the cash flow of the company.
  • Communicating with commercial financial institutions, auditors, tax authorities, etc.
  • Completing reports and their presenting to the owners of the company.

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The most common career path of an employee

The graphic shows how employees most often progress in their careers. Click on the name of the position to get to its detail with salary data.

Position Economic/Financial Manager in the labour market

In the salary ranking,
the job position takes

10. place

Women representation in position

n/a

Average age of respondent by position

n/a

637. place

Kitchen Helper

Tourism, Gastronomy, Hotel Business

Salary group 1

721 - 1,044 EUR

11. place

Country Manager/Director

Top Management

Salary group 2

2,307 - 5,713 EUR

10. place

Economic/Financial Manager

Top Management

Salary group 2

1,827 - 6,442 EUR

9. place

Call Centre Director

Top Management

Salary group 2

1,523 - 6,895 EUR

1. place

Leasing Director

Leasing

Salary group 3

2,162 - 8,517 EUR

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What does a salary report contain?
  • Salary for the position by region, education, experience, company size, age
  • Distribution of respondents into wage bands
  • Salary range from 1st to 9th decile
  • A breakdown of all monitored non-financial benefits
  • Analysis of financial benefits
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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Economic/Financial Manager.

The total gross salary for the position Economic/Financial Manager ranges between 1,499 EUR and 11,380 EUR per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Palgad.ee to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Economic/Financial Manager have a total gross salary of at least 6,442 EUR per month.

10% of the highest-earning employees in this position have a total gross salary higher than 6,442 EUR per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 1,827 EUR per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Economic/Financial Manager earns 4,145 EUR per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Palgad.ee you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Economic/Financial Manager, we currently have 48 verified respondents collected.