Financial careers in focus: What experts can earn in 2024

The FINANCE Salary Report 2024 shows which professions in the finance department are particularly in demand and how salaries are developing in a difficult economic environment.

Economic uncertainty strengthens strategic financial roles

The ongoing geopolitical tensions and the stagnation of the German economy have not only influenced corporate strategies, but have also redefined the requirements for financial specialists. The FINANCE Salary Report 2024, produced in collaboration with Hays, sheds light on salary developments in a dynamic market environment. In particular, professions that navigate companies in times of crisis are in the spotlight.

Falling demand, rising responsibility

While companies continue to rely on the expertise of finance departments, there is a downward trend in external appointments to senior positions. Increasingly, internal talent is being used to fill vacancies. At the same time, there are professional groups that are increasingly coming into focus despite the shortage of skilled workers.

Accounting: Digital competence as a salary lever

Digitalization is driving further development in accounting. According to Erich Schwinghammer from Hays, the integration of new technologies offers accountants the opportunity to significantly improve their salary prospects. However, despite their increasing importance, accountants often still earn less than other financial specialists.

Risk management: key role in volatile times

Risk managers occupy a central position as they fulfill regulatory requirements and identify potential risks for companies at an early stage. Their strategic importance is also reflected in their salaries. Even career starters can hope for attractive remuneration, while experienced specialists clearly outperform their colleagues in controlling or accounting.

Sustainability as a career driver: ESG managers in focus

With new regulations and mandatory sustainability reporting, ESG managers are becoming indispensable. However, the high demand is coming up against a limited talent pool, which is driving up their salaries. Compliance managers, who support companies in complying with legal requirements, are also benefiting from this trend.

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