Latest news and stories about salaries in finance in Portugal for expats and residents.
A recent study on Portugal's financial sector reveals significant trends in employment and salaries, highlighting a drastic reduction in bank branches and the high qualifications of workers. Despite higher average salaries compared to the national average, the study points out disparities with Spain and raises concerns about the future of employment if proposed reforms are enacted.
The new labour law in Portugal is expected to influence salary improvements, but it may not be the sole factor determining salary increases. In a recent podcast, the president of the Confederation of Commerce and Services of Portugal expressed that the government's expectations regarding the law's impact might have been overly optimistic.
A ManpowerGroup ranking obtained by ECO shows chief financial officer (CFO) is currently the highest-paid role in Portugal, with total gross pay reaching up to €150,000 per year. The list highlights that top compensation is concentrated among senior executives and specialised professional roles across sectors, reflecting market demand and the cost-of-living and pay dynamics in Portugal.
