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A financial manager in Italy plays a key role in overseeing the financial health of the organization, managing its financial operations, and ensuring compliance with regulations and standards. In Italy, financial managers typically work in corporate offices, often in the finance and accounting departments. With various job opportunities in Italy, financial managers earn a good salary that helps them to secure their future with bright career prospects. If you want to know what exactly you can earn as a financial manager in Italy, this complete guide will help you to understand the brief about the financial manager salary in Italy.
This Blog Includes:
Average Financial Manager Salary in Italy
The average financial manager salary in Italy is EUR 92,680 annually, which equals a monthly income of approximately EUR 7,723. Professionals in this field earn an average entry-level salary of EUR 41,820 (EUR 3,485 per month), with top-level financial managers at the upper end of their careers earning between EUR 151,800 (EUR 12,650 monthly). The financial management field is quite lucrative in Italy, with salary rates impacted by various experience factors, dimensions, and locations of companies. Italy, a country with business diversification as a financial hub, is a good earning market for skilled financial managers and ideal for them.
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Experience Wise Financial Manager Salary in Italy
Experience also plays a significant role in determining a Financial Manager’s salary in Italy. Here is a breakdown of common salaries by experience level:
| Experience in Years | Average Salary Per Year |
| 0-2 Years | EUR 50,580 |
| 2-5 Years | EUR 66,940 |
| 5-10 Years | EUR 97,760 |
| 10-15 Years | EUR 118,800 |
| 15-20 Years | EUR 129,000 |
| 20+ Years | EUR 138,200 |
Education Wise Financial Manager Salary in Italy
In Italy, a financial manager’s compensation can vary greatly depending on several factors, including education level, experience, location, and industry of employment. Here are salaries by education level.
| Education Type | Average Salary Per Year |
| Certificate or Diploma | EUR 55,840 |
| Bachelor’s Degree | EUR 87,060 |
| Master’s Degree | EUR 148,300 |
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Organisation Wise Financial Manager Salary in Italy
In Italy, the salary of financial managers depends on the type and size of the company where they are employed. Here’s a breakdown of salaries by type of organization:
| Organisation | Average Salary Per Year |
| Amazon | EUR 85,000- EUR 100,000 |
| Whirlpool Corporation | EUR 60,000- EUR 67,000 |
| L’Oréal | EUR 61,000- EUR 76,000 |
| Raffles Education | EUR 52,000- EUR 55,000 |
| EY | EUR 60,000- EUR 70,000 |
| KPMG | EUR 60,000- EUR 65,000 |
| Pirelli | EUR 46,000- EUR 50,000 |
| Sky | EUR 74,000- EUR 77,000 |
| Haier Europe | EUR 57,000- EUR 66,000 |
| Everil | EUR 55,000- EUR 60,000 |
| Capgemini | EUR 50,000- EUR 67,000 |
| Proctor & Gamble | EUR 48,000- EUR 58,000 |
| PwC | EUR 67,000- EUR 70,000 |
| DXC Technology | EUR 49,000- EUR 54,000 |
City Wise Financial Manager Salary in Italy
The salary range of a financial manager in ItalyAn Italian financial manager earns an average salary that varies greatly depending on the city, as salaries depend on many important things, such as the cost of living, the presence of multinationals, and the presence of financial hubs. Here’s how much financial managers make by city:
| Cities | Average Salary Per Year |
| Bologna | EUR 87,760 |
| Trieste | EUR 83,760 |
| Torino | EUR 98,140 |
| Catania | EUR 84,740 |
| Genova | EUR 84,880 |
| Milano | EUR 97,260 |
| Napoli | EUR 92,720 |
| Palermo | EUR 92,400 |
| Parma | EUR 86,520 |
| Rome | EUR 93,600 |
Positions Wise Financial Manager Salary in Italy
The salary of the financial manager in Italy depends upon the type of position you hold. Below is an overview of salary ranges for different positions in the financial management field in Italy:
| Positions | Average Salary Per Year |
| Accounting Clerk | EUR 18,940 |
| Accountant | EUR 31,040 |
| Accounts Payable Assistant | EUR 24,720 |
| Accounts Receivable Clerk | EUR 22,660 |
| Assistant Accountant | EUR 23,360 |
| Auditing Clerk | EUR 23,700 |
| Billing Coordinator | EUR 29,540 |
| Budget Manager | EUR 61,580 |
| Chartered Accountant | EUR 38,620 |
| Cost Analyst | EUR 50,660 |
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FAQs
The average salary for a financial manager in Italy ranges from €50,000 to €80,000 per year. However, this can vary significantly depending on experience, industry, and location.
Yes, financial managers generally earn higher salaries in Milan, as it is Italy’s financial hub and home to many multinational corporations. Salaries in Milan can range from €45,000 to €200,000+ annually. In Rome, the salary range is usually €40,000 to €150,000 per year, though salaries are generally lower than in Milan.
Answer: The salary of a CFO in Italy can range from €120,000 to €250,000+ per year, depending on the size of the company, industry, and location. In multinational companies, a CFO may earn higher compensation, including bonuses and equity options.
Answer: Yes, many financial managers in Italy, particularly those in mid- to senior-level positions, receive performance-based bonuses as part of their compensation package. These bonuses typically range from 10% to 30% of the base salary, though it can vary.
This was all about the Financial Manager’s Salary in Italy. For more information about the highest-paid professions with their salary, follow Leverage Edu and our main page Jobs Abroad.
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