A financial controller plays a crucial role in corporate governance by monitoring financial flows and ensuring that the company operates within its budget. Its tasks include the preparation of financial reports, the analysis of costs and revenues, and budget management. Financial controllers work closely with management to make strategic decisions based on sound financial data.
In Germany, the average annual salary for financial controllers is about €54,500 to €55,500 gross. Junior financial controllers can expect an entry salary of €43,750 to €46,800 per year. The monthly salary range is from €1,980 to €6,830 per year, with the median at €4,100 per year. In higher positions, financial controllers can earn up to €1,100,000 or more per year.
In order to work as a financial controller, it is usually necessary to have a degree in economics with a focus on finance or accounting. Applicants often also bring a further education or certification in the field of controlling or accounting.
Financial controllers have a wide range of career opportunities, from industry to trade to the service sector, and as they gain experience, they can pursue leadership positions in finance, such as CFO (Chief Financial Officer) or partner in an audit firm.
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