Finance Roles Salary Guide: US vs. Latin America

A capable finance department is crucial in driving business success through effective financial management and decision-making. Remote Latin American (LatAm) finance workers are known for their strong attention to detail, ability to work with large amounts of data, and proficiency in navigating complex financial systems.

They bring a diverse background with exposure to different financial practices and markets, providing an invaluable resource to US companies looking to expand globally. 

They also bring to the finance team a strong sense of innovation and creativity, which can be especially useful when it comes to identifying new revenue streams and finding new ways to optimize financial operations.

These qualities of remote LatAm finance workers make them an asset to US companies looking to remain competitive in today’s fast-paced business world.

Jobs in finance you can fill by hiring LatAm remote workers and the average salaries include:

Corporate Development Analyst

Corporate development analysts help evaluate potential mergers, acquisitions, and investment opportunities. They conduct research, analysis, and due diligence to identify attractive targets and work with other stakeholders to assess and negotiate deals.

LatAm annual salary range: $21,000–$55,200

Potential savings over US salaries: 60.56%

Corporate Finance Analyst

Corporate finance analysts are responsible for providing financial analysis and modeling for a range of initiatives, including capital expenditures, new product launches, and other strategic initiatives. They are instrumental in helping companies make informed investment decisions by providing insights on potential returns and risks.

LatAm annual salary range: $30,000–$45,000

Potential savings over US salaries: 41.01%

Director of Finance

A director of finance plays a crucial role in ensuring the company’s financial health. They oversee all aspects of finance, including accounting, budgeting, and financial reporting. They also manage relationships with financial institutions, investors, and other stakeholders.

LatAm annual salary range: $50,000–$80,000

Potential savings over US salaries: 43.76%

Finance Manager 

Finance managers are responsible for managing the day-to-day operations of the finance department and ensuring that financial processes are streamlined and efficient. They collaborate with other departments to develop budgets and monitor spending to ensure the company stays on track with its financial goals.

LatAm annual salary range: $30,000–$50,000

Potential savings over US salaries: 59.34%

Financial Analyst 

Financial analysts are responsible for gathering, analyzing, and interpreting financial data to support decision-making. They use their expertise in financial analysis to provide valuable insights into market trends, the competitive landscape, and the company’s financial performance.

LatAm annual salary range: $24,000–$48,000

Potential savings over US salaries: 52.00%

Financial Planning and Analysis (FP&A) Analyst 

FP&A analysts play a crucial role in an organization’s financial planning and analysis. They develop budgets, monitor performance against targets, and provide insights to help the company make informed financial decisions.

LatAm annual salary range: $24,000–$36,000

Potential savings over US salaries: 68.51%

Private Equity Analyst 

Private equity analysts usually work for investment firms, evaluating and recommending investments in companies. They perform in-depth analyses of potential targets and work with other stakeholders to evaluate and negotiate deals.

LatAm annual salary range: $30,000–$50,400

Potential savings over US salaries: 66.45%

Professional Services Analyst

Professional services analysts provide financial and operational analysis to organizations such as consulting firms and law practices. They help these organizations optimize their operations and improve their financial performance.

LatAm annual salary range: $24,900–$30,000

Potential savings over US salaries: 64.11%

Strategic Finance Associate 

Strategic finance associates are responsible for supporting the development and execution of financial strategies, including mergers and acquisitions, capital raising, and other strategic initiatives. They play a key role in ensuring the company’s financial initiatives align with its overall strategy and goals.

LatAm annual salary range: $30,000–$50,000

Potential savings over US salaries: 68.33%

Return to the 2024 Salary Guide: US vs. Latin America

{{salary-guide-us-latam}}

To read about the roles and average salary ranges in other fields, such as accounting or operations, and the cost-of-living information for five LatAm countries, return to our 2024 Salary Guide. 

The salary guide is a valuable resource for businesses looking to hire remote talent from LatAm. It presents a comprehensive overview of LatAm job market trends, cost of living, and the skills and qualities of roles that LatAm remote workers can fill. It gives you the information you need to determine what salaries would be fair for your remote LatAm workers while still providing cost savings for you. 

By nearshore outsourcing to the LatAm region, businesses can access a diverse and highly skilled talent pool and save on operating costs.