Starting salary for finance translation in Germany?
Thread poster: dekrafft

German to English
+ ...
Jul 21, 2003

Greetings all,

apologies if I'm not posting this in exactly the proper place - and that I'm not aiming at freelancing - but I just found this web site and have a rather burning question: does anyone have a decent idea of a suggested salary for a translator in the finance sector for a big (German) multinational? I'm American, studied German and Russian, and have a couple of months experience in technical translation with an American multinational - but that was a beginner's job, base pay was $15/hour. Have a good amount of experience with German finance terminology. For a 40-hour-a-week position I'm thinking of suggesting 25,000 Euro per annum - which sounds low to me but then I certainly don't want to overdo it. Any tips? State a low number with a mention that it could be re-negotiated at a later date based on performance?

And, just out of curiosity - is there a distinct difference in rates between multinationals and "normal" companies, provided one does essentially the same quality of work?

Thanks in advance for any advice.


Lucinda Hollenberg  Identity Verified
Local time: 04:57
Dutch to English
+ ...
Too low I think Jul 21, 2003

I think that your amount per annum is too low. When I worked for a supermarket chain in the South Eastern part of the USA as a full-time in-house technical translator I was making USD 36500/year plus benefits. And that was three years ago. So, you can definitely go higher.

Good luck on your new job!


AmiHH  Identity Verified
Local time: 09:57
Member (2008)
German to English
That's Low Jul 21, 2003

I'd say that is quite low. Freelancing as a financial translator you can make twice that much. Subtract expenses and you still come out ahead as a freelancer if you ask for that low of a figure.

I found a Kienbaum figure online for average salaries for translators. It said the range was 2556 (starting) to 2990 a month for general translators. That would be 30672 based on 12 months or 33228 on 13 (more likely)...or 35880/38870.

I'd ask for at least 30,000. But what do I know? I don't know any translators employed at companies.

Good luck!



Alison Schwitzgebel
Local time: 09:57
Member (2002)
German to English
+ ...
A few years ago I heard..... Jul 21, 2003

A few years ago I heard that translators with the big banks in Frankfurt were getting around DM 5000 - 6000 per month (plus min. 24 days vacation, plus 13th month's salary, plus bonuses, plus use of fitness facilities, plus free travel to work, plus.....)

But that was a few years ago and now the banking bubble's burst. Dunno what they're offering now.




To report site rules violations or get help, contact a site moderator:

You can also contact site staff by submitting a support request »

Starting salary for finance translation in Germany?

Advanced search

memoQ translator pro
Kilgray's memoQ is the world's fastest developing integrated localization & translation environment rendering you more productive and efficient.

With our advanced file filters, unlimited language and advanced file support, memoQ translator pro has been designed for translators and reviewers who work on their own, with other translators or in team-based translation projects.

More info »
Manage your TMs and Terms ... and boost your translation business

Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.

More info »

  • All of
  • Term search
  • Jobs
  • Forums
  • Multiple search