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Accounting and Finance Average Salaries in Algeria 2024

How much money does a person working in Accounting and Finance make in Algeria?


Average Monthly Salary
186,000 DZD
( 2,240,000 DZD yearly)

LOW
74,800
DZD
AVERAGE
186,000
DZD
HIGH
371,000
DZD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Accounting and Finance in Algeria typically earns around 186,000 DZD. Salaries range from 74,800 DZD (lowest average) to 371,000 DZD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Algeria exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounting and Finance
Account Examiner95,800 DZD
Account Executive171,000 DZD
Accountant134,000 DZD
Accounting Analyst159,000 DZD
Accounting Assistant105,000 DZD
Accounting Associate90,800 DZD
Accounting Clerk79,800 DZD
Accounting Coordinator115,000 DZD
Accounting Head271,000 DZD
Accounting Manager267,000 DZD
Accounting Officer96,200 DZD
Accounting Specialist177,000 DZD
Accounting Supervisor175,000 DZD
Accounting Technician95,500 DZD
Accounting Unit Controller217,000 DZD
Accounts Executive164,000 DZD
Accounts Officer103,000 DZD
Accounts Payable and Receivable Specialist138,000 DZD
Accounts Payable Assistant107,000 DZD
Accounts Payable Associate115,000 DZD
Accounts Payable Clerk93,900 DZD
Accounts Payable Manager251,000 DZD
Accounts Receivable Administrator187,000 DZD
Accounts Receivable Clerk94,700 DZD
Accounts Receivable Financial Analyst178,000 DZD
Accounts Receivable Manager249,000 DZD
Accounts Receivable Team Leader187,000 DZD
Algorithmic Trading Specialist239,000 DZD
Assistant Accountant97,000 DZD
Assistant Accounting Manager251,000 DZD
Assistant Auditor129,000 DZD
Assistant Corporate Controller184,000 DZD
Assistant Finance Manager286,000 DZD
Assistant Financial Controller183,000 DZD
Audit Director298,000 DZD
Audit Supervisor238,000 DZD
Auditing Clerk103,000 DZD
Auditing Manager276,000 DZD
Billing Clerk97,400 DZD
Billing Coordinator117,000 DZD
Billing Specialist140,000 DZD
Billing Supervisor205,000 DZD
Bookkeeper88,700 DZD
Bookkeeping Specialist130,000 DZD
Budget Analyst233,000 DZD
Budget Manager280,000 DZD
Business Support Analyst146,000 DZD
Capital Markets Associate198,000 DZD
Cash Flow Analyst206,000 DZD
Cash Management Manager270,000 DZD
Cash Management Officer158,000 DZD
Cashbook Clerk89,100 DZD
Chartered Accountant176,000 DZD
Chief Accountant197,000 DZD
Chief Financial Technology Officer277,000 DZD
Collections Clerk82,700 DZD
Collections Representative117,000 DZD
Collections Specialist130,000 DZD
Corporate Controller208,000 DZD
Corporate Treasurer243,000 DZD
Cost Accountant134,000 DZD
Cost Accounting Manager254,000 DZD
Cost Accounting Supervisor206,000 DZD
Cost Analyst205,000 DZD
Credit and Collection Manager271,000 DZD
Credit and Collection Staff97,400 DZD
Credit and Loans Officer93,100 DZD
Credit Controller182,000 DZD
Credit Manager269,000 DZD
Debt Adviser213,000 DZD
Debt Collector104,000 DZD
Debtors Clerk89,700 DZD
Debtors Controller96,200 DZD
Deputy CFO375,000 DZD
Deputy Head of Finance378,000 DZD
Derivative Trader218,000 DZD
Director of Finance374,000 DZD
E-commerce Accountant144,000 DZD
Economist306,000 DZD
Equity Analyst237,000 DZD
Escrow Assistant116,000 DZD
Executive Accountant142,000 DZD
External Auditor187,000 DZD
Finance Administrator150,000 DZD
Finance Analyst240,000 DZD
Finance Associate112,000 DZD
Finance Data Analyst206,000 DZD
Finance Director382,000 DZD
Finance Executive283,000 DZD
Finance Licensing Clerk96,900 DZD
Finance Licensing Manager258,000 DZD
Finance Licensing Specialist147,000 DZD
Finance Manager364,000 DZD
Finance Officer129,000 DZD
Finance President406,000 DZD
Finance Relationship Manager297,000 DZD
Finance Release Analyst155,000 DZD
Finance Specialist216,000 DZD
Finance Team Leader 288,000 DZD
Financial Accountant129,000 DZD
Financial Actuary203,000 DZD
Financial Administrator226,000 DZD
Financial Advisor238,000 DZD
Financial Analyst238,000 DZD
Financial Applications Specialist163,000 DZD
Financial Assistant105,000 DZD
Financial Associate110,000 DZD
Financial Associate126,000 DZD
Financial Claims Analyst169,000 DZD
Financial Claims Manager224,000 DZD
Financial Claims Supervisor209,000 DZD
Financial Clerk105,000 DZD
Financial Commercial Analyst198,000 DZD
Financial Compliance Analyst211,000 DZD
Financial Compliance Officer202,000 DZD
Financial Consultant185,000 DZD
Financial Controller220,000 DZD
Financial Controller209,000 DZD
Financial Coordinator115,000 DZD
Financial Customer Service Manager237,000 DZD
Financial Data Scientist239,000 DZD
Financial Dealer and Broker143,000 DZD
Financial Director401,000 DZD
Financial Encoder110,000 DZD
Financial Manager361,000 DZD
Financial Manager351,000 DZD
Financial Modelling Analyst231,000 DZD
Financial Operations Manager343,000 DZD
Financial Policy Analyst214,000 DZD
Financial Project Manager263,000 DZD
Financial Quantitative Analyst236,000 DZD
Financial Reporting Consultant183,000 DZD
Financial Reporting Manager264,000 DZD
Financial Section Head254,000 DZD
Financial Services Manager330,000 DZD
Financial Services Sales Agent138,000 DZD
Financial Technology Consultant203,000 DZD
Financial Wellness Coach266,000 DZD
FinTech Analyst225,000 DZD
Fixed Assets Administrator140,000 DZD
Forensic Accountant150,000 DZD
Fraud Detection Supervisor161,000 DZD
Fraud Prevention Manager267,000 DZD
Fund Accountant126,000 DZD
Grants Coordinator93,500 DZD
Green Finance Analyst199,000 DZD
Group Financial Manager371,000 DZD
Internal Auditor179,000 DZD
Internal Control Adviser205,000 DZD
Internal Control Officer114,000 DZD
International Tax Director322,000 DZD
Inventory Accountant140,000 DZD
Investment Advisor354,000 DZD
Investment Analyst262,000 DZD
Investment Associate223,000 DZD
Investment Broker223,000 DZD
Investment Fund Manager297,000 DZD
Investment Operations Manager298,000 DZD
Investment Underwriter114,000 DZD
Investor179,000 DZD
Investor Relations Manager253,000 DZD
KYC Team Leader267,000 DZD
Loan Processor106,000 DZD
Management Accountant153,000 DZD
Management Economist293,000 DZD
Paymaster111,000 DZD
Payroll Administrator179,000 DZD
Payroll Benefits Coordinator139,000 DZD
Payroll Billing Manager231,000 DZD
Payroll Clerk119,000 DZD
Payroll Manager250,000 DZD
Payroll Officer110,000 DZD
Payroll Specialist133,000 DZD
Payroll Supervisor175,000 DZD
Pensions Administrator133,000 DZD
Personal Financial Advisor192,000 DZD
Pricing Analyst227,000 DZD
Private Equity Analyst239,000 DZD
Project Accountant146,000 DZD
Proposal Development Coordinator112,000 DZD
Quantitative Trader183,000 DZD
Receivables Accountant124,000 DZD
Regulatory Accountant144,000 DZD
Retirement Plan Analyst208,000 DZD
Revenue Management Specialist217,000 DZD
Revenue Recognition Analyst239,000 DZD
Risk Management Director303,000 DZD
Risk Management Supervisor251,000 DZD
Staff Accountant127,000 DZD
Tax Accountant127,000 DZD
Tax Administrator149,000 DZD
Tax Advisor211,000 DZD
Tax Analyst192,000 DZD
Tax Associate114,000 DZD
Tax Consultant200,000 DZD
Tax Director292,000 DZD
Tax Examiner145,000 DZD
Tax Manager260,000 DZD
Tax Research Manager261,000 DZD
Teller76,400 DZD
Treasury Accountant138,000 DZD
Treasury Analyst212,000 DZD
Underwriter89,600 DZD
Underwriting Assistant84,500 DZD
Vice President of Finance358,000 DZD


Accounting and Finance Jobs Pay Scale and Salaries in Algeria

Median and salary distribution Algeria Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
197,000 DZD or more
10% of people earn
167,000 to 197,000 DZD
20% of people earn
100,000 DZD or less
65% of people earn
100,000 to 167,000 DZD
Minimum Salary
74,800 DZD
Median
173,000 DZD
Maximum
371,000 DZD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Algeria range from 74,800 DZD (starting average salary) to 371,000 DZD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 173,000 DZD, implying that half of the workforce in Algeria earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Algeria earn less than 135,000 DZD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 209,000 DZD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Algeria. The analysis revealed that roughly 65% of all reported salaries fell within the range of 100,000 DZD to 167,000 DZD. Approximately 20% of salaries were below the 100,000 DZD mark, while 10% ranged from 167,000 DZD to 197,000 DZD. Only 5% of individuals earned a gross salary of 197,000 DZD or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Accounting and Finance in Algeria having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Accounting and Finance in Algeria, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Algeria costs anywhere from 901,000 DZD to 2,700,000 DZD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Accounting and Finance / Algeria

Salary comparison by gender Algeria Accounting and Finance monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in Algeria, the average difference between the salary of male and female employees is 9%.

Male
198,000 DZD
Female-9%
181,000 DZD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Algeria for all Careers

Salary comparison by gender monthly Algeria
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Average Annual Salary Increment Percentage / Accounting and Finance / Algeria

How much are annual salary increments in Algeria for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in Algeria are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Algeria Accounting and Finance
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Algeria / All Professions

Annual Salary Increment Rate Algeria
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Algeria is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Accounting and Finance / Algeria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Algeria Accounting and Finance
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38% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 62% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
62%
No Bonus
38%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Accounting and Finance / Algeria


1,070 DZD per hour

The average hourly wage (pay per hour) in Accounting and Finance in Algeria is 1,070 DZD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Accounting and Finance in Algeria is 430 DZD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Annaba198,000 DZD
Batna191,000 DZD
Biskra180,000 DZD
Blida195,000 DZD
Chlef176,000 DZD
Constantine202,000 DZD
El Djazair209,000 DZD
Oran206,000 DZD
Setif188,000 DZD
Sidi bel Abbes184,000 DZD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Algeria is 21% on average across all career fields.

Private Sector
164,000 DZD
Public Sector+21%
198,000 DZD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Algeria?

A good and competitive compensation would range anywhere between 173,000 DZD and 209,000 DZD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Accounting and Finance in Algeria ranges from 74,800 DZD to 135,000 DZD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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