How much money does a person working in Accounting and Finance make in Belgium?
Average Monthly Salary
6,360 EUR
( 76,400 EUR yearly)
LOW
2,820
EUR
AVERAGE
6,360
EUR
HIGH
12,200
EUR
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 Belgium typically earns around 6,360 EUR. Salaries range from 2,820 EUR (lowest average) to 12,200 EUR (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 Belgium 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
Accounting and Finance | |
Account Examiner | 3,600 EUR |
Account Executive | 5,460 EUR |
Accountant | 4,510 EUR |
Accounting Analyst | 5,510 EUR |
|
Accounting Assistant | 3,710 EUR |
Accounting Associate | 3,420 EUR |
Accounting Clerk | 2,930 EUR |
Accounting Coordinator | 4,220 EUR |
Accounting Head | 8,380 EUR |
Accounting Manager | 8,930 EUR |
Accounting Officer | 3,580 EUR |
Accounting Specialist | 6,290 EUR |
Accounting Supervisor | 6,370 EUR |
Accounting Technician | 3,400 EUR |
Accounting Unit Controller | 7,490 EUR |
Accounts Executive | 5,710 EUR |
Accounts Officer | 3,550 EUR |
Accounts Payable and Receivable Specialist | 4,750 EUR |
Accounts Payable Assistant | 3,930 EUR |
Accounts Payable Associate | 4,290 EUR |
Accounts Payable Clerk | 3,490 EUR |
Accounts Payable Manager | 8,700 EUR |
Accounts Receivable Administrator | 6,550 EUR |
Accounts Receivable Clerk | 3,640 EUR |
Accounts Receivable Financial Analyst | 6,310 EUR |
Accounts Receivable Manager | 8,070 EUR |
Accounts Receivable Team Leader | 6,380 EUR |
Algorithmic Trading Specialist | 7,870 EUR |
Assistant Accountant | 3,470 EUR |
Assistant Accounting Manager | 8,410 EUR |
Assistant Auditor | 4,420 EUR |
Assistant Corporate Controller | 6,350 EUR |
Assistant Finance Manager | 9,320 EUR |
Assistant Financial Controller | 6,220 EUR |
Audit Director | 9,790 EUR |
Audit Supervisor | 7,650 EUR |
Auditing Clerk | 3,550 EUR |
Auditing Manager | 9,420 EUR |
Billing Clerk | 3,640 EUR |
Billing Coordinator | 4,340 EUR |
Billing Specialist | 4,960 EUR |
Billing Supervisor | 6,800 EUR |
Bookkeeper | 3,260 EUR |
Bookkeeping Specialist | 4,460 EUR |
Budget Analyst | 7,910 EUR |
Budget Manager | 8,670 EUR |
Business Support Analyst | 4,930 EUR |
Capital Markets Associate | 6,340 EUR |
Cash Flow Analyst | 6,600 EUR |
Cash Management Manager | 8,690 EUR |
Cash Management Officer | 5,350 EUR |
Cashbook Clerk | 3,280 EUR |
Chartered Accountant | 5,440 EUR |
Chief Accountant | 6,860 EUR |
Chief Financial Technology Officer | 9,380 EUR |
Collections Clerk | 2,940 EUR |
Collections Representative | 4,070 EUR |
Collections Specialist | 4,460 EUR |
Corporate Controller | 6,910 EUR |
Corporate Treasurer | 7,980 EUR |
Cost Accountant | 4,560 EUR |
Cost Accounting Manager | 8,460 EUR |
Cost Accounting Supervisor | 7,140 EUR |
Cost Analyst | 7,020 EUR |
Credit and Collection Manager | 8,410 EUR |
Credit and Collection Staff | 3,730 EUR |
Credit and Loans Officer | 3,510 EUR |
Credit Controller | 5,970 EUR |
Credit Manager | 9,410 EUR |
Debt Adviser | 7,100 EUR |
Debt Collector | 3,770 EUR |
Debtors Clerk | 3,260 EUR |
Debtors Controller | 3,580 EUR |
Deputy CFO | 11,900 EUR |
Deputy Head of Finance | 11,200 EUR |
Derivative Trader | 7,820 EUR |
Director of Finance | 12,100 EUR |
E-commerce Accountant | 4,760 EUR |
Economist | 9,880 EUR |
Equity Analyst | 7,650 EUR |
Escrow Assistant | 3,980 EUR |
Executive Accountant | 5,300 EUR |
External Auditor | 6,010 EUR |
Finance Administrator | 5,400 EUR |
Finance Analyst | 8,000 EUR |
Finance Associate | 4,230 EUR |
Finance Data Analyst | 6,990 EUR |
Finance Director | 12,200 EUR |
Finance Executive | 8,870 EUR |
Finance Licensing Clerk | 3,540 EUR |
Finance Licensing Manager | 7,930 EUR |
Finance Licensing Specialist | 4,790 EUR |
Finance Manager | 11,900 EUR |
Finance Officer | 4,190 EUR |
Finance President | 12,400 EUR |
Finance Relationship Manager | 9,490 EUR |
Finance Release Analyst | 5,320 EUR |
Finance Specialist | 7,350 EUR |
Finance Team Leader | 9,850 EUR |
Financial Accountant | 4,650 EUR |
Financial Actuary | 6,710 EUR |
Financial Administrator | 7,570 EUR |
Financial Advisor | 8,180 EUR |
Financial Analyst | 8,070 EUR |
Financial Applications Specialist | 5,830 EUR |
Financial Assistant | 3,630 EUR |
Financial Associate | 4,180 EUR |
Financial Associate | 3,920 EUR |
Financial Claims Analyst | 5,860 EUR |
Financial Claims Manager | 7,770 EUR |
Financial Claims Supervisor | 7,400 EUR |
Financial Clerk | 3,740 EUR |
Financial Commercial Analyst | 6,450 EUR |
Financial Compliance Analyst | 6,820 EUR |
Financial Compliance Officer | 7,000 EUR |
Financial Consultant | 5,690 EUR |
Financial Controller | 6,880 EUR |
Financial Controller | 7,220 EUR |
Financial Coordinator | 4,320 EUR |
Financial Customer Service Manager | 7,690 EUR |
Financial Data Scientist | 8,320 EUR |
Financial Dealer and Broker | 4,930 EUR |
Financial Director | 12,900 EUR |
Financial Encoder | 4,030 EUR |
Financial Manager | 12,000 EUR |
Financial Manager | 11,400 EUR |
Financial Modelling Analyst | 8,210 EUR |
Financial Operations Manager | 10,700 EUR |
Financial Policy Analyst | 6,690 EUR |
Financial Project Manager | 8,760 EUR |
Financial Quantitative Analyst | 7,220 EUR |
Financial Reporting Consultant | 6,320 EUR |
Financial Reporting Manager | 8,150 EUR |
Financial Section Head | 8,270 EUR |
Financial Services Manager | 11,100 EUR |
Financial Services Sales Agent | 5,000 EUR |
Financial Technology Consultant | 6,700 EUR |
Financial Wellness Coach | 8,790 EUR |
FinTech Analyst | 7,610 EUR |
Fixed Assets Administrator | 4,640 EUR |
Forensic Accountant | 5,010 EUR |
Fraud Detection Supervisor | 5,440 EUR |
Fraud Prevention Manager | 8,900 EUR |
Fund Accountant | 4,510 EUR |
Grants Coordinator | 3,500 EUR |
Green Finance Analyst | 6,580 EUR |
Group Financial Manager | 12,800 EUR |
Internal Auditor | 5,880 EUR |
Internal Control Adviser | 6,820 EUR |
Internal Control Officer | 4,070 EUR |
International Tax Director | 10,300 EUR |
Inventory Accountant | 4,520 EUR |
Investment Advisor | 12,000 EUR |
Investment Analyst | 8,320 EUR |
Investment Associate | 7,320 EUR |
Investment Broker | 7,290 EUR |
Investment Fund Manager | 9,780 EUR |
Investment Operations Manager | 9,740 EUR |
Investment Underwriter | 4,100 EUR |
Investor | 5,670 EUR |
Investor Relations Manager | 8,760 EUR |
KYC Team Leader | 8,650 EUR |
Loan Processor | 3,980 EUR |
Management Accountant | 4,830 EUR |
Management Economist | 10,100 EUR |
Paymaster | 3,810 EUR |
Payroll Administrator | 5,850 EUR |
Payroll Benefits Coordinator | 4,860 EUR |
Payroll Billing Manager | 7,910 EUR |
Payroll Clerk | 4,110 EUR |
Payroll Manager | 8,270 EUR |
Payroll Officer | 4,090 EUR |
Payroll Specialist | 4,900 EUR |
Payroll Supervisor | 5,460 EUR |
Pensions Administrator | 4,830 EUR |
Personal Financial Advisor | 6,390 EUR |
Pricing Analyst | 7,540 EUR |
Private Equity Analyst | 7,780 EUR |
Project Accountant | 4,970 EUR |
Proposal Development Coordinator | 4,130 EUR |
Quantitative Trader | 6,570 EUR |
Receivables Accountant | 4,400 EUR |
Regulatory Accountant | 5,070 EUR |
Retirement Plan Analyst | 6,910 EUR |
Revenue Management Specialist | 7,320 EUR |
Revenue Recognition Analyst | 8,000 EUR |
Risk Management Director | 10,800 EUR |
Risk Management Supervisor | 8,270 EUR |
Staff Accountant | 4,370 EUR |
Tax Accountant | 4,380 EUR |
Tax Administrator | 5,080 EUR |
Tax Advisor | 6,440 EUR |
Tax Analyst | 6,580 EUR |
Tax Associate | 4,070 EUR |
Tax Consultant | 6,980 EUR |
Tax Director | 10,200 EUR |
Tax Examiner | 4,660 EUR |
Tax Manager | 8,710 EUR |
Tax Research Manager | 8,890 EUR |
Teller | 2,980 EUR |
Treasury Accountant | 4,730 EUR |
Treasury Analyst | 6,950 EUR |
Underwriter | 3,280 EUR |
Underwriting Assistant | 3,170 EUR |
Vice President of Finance | 11,600 EUR |
Accounting and Finance Jobs Pay Scale and Salaries in Belgium
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/median-and-salary-distribution-monthly-belgium-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
6,460 EUR or more
10% of people earn
5,530 to 6,460 EUR
20% of people earn
3,500 EUR or less
65% of people earn
3,500 to 5,530 EUR
Minimum Salary 2,820 EUR |
Median 5,720 EUR |
Maximum 12,200 EUR |
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 Belgium range from 2,820 EUR (starting average salary) to 12,200 EUR (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 5,720 EUR, implying that half of the workforce in Belgium 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 Belgium earn less than 4,570 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 6,810 EUR, 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 Belgium. The analysis revealed that roughly 65% of all reported salaries fell within the range of 3,500 EUR to 5,530 EUR. Approximately 20% of salaries were below the 3,500 EUR mark, while 10% ranged from 5,530 EUR to 6,460 EUR. Only 5% of individuals earned a gross salary of 6,460 EUR or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 Belgium 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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 Belgium, 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 Belgium costs anywhere from 30,800 EUR to 92,500 EUR 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 / Belgium
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/salary-comparison-by-gender-monthly-belgium-accounting-and-finance.jpg 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 Belgium, the average difference between the salary of male and female employees is 6%.
Male | | 6,550 EUR |
Female | -5% | 6,210 EUR |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Belgium for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/salary-comparison-by-gender-monthly-belgium.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Belgium
How much are annual salary increments in Belgium for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Belgium are likely to observe a salary increase of approximately 10% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/annual-salary-increment-rate-belgium-accounting-and-finance.jpg 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.
Belgium / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/annual-salary-increment-rate-belgium.jpg 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 Belgium is 6%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 / Belgium
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/annual-salary-bonus-rate-belgium-accounting-and-finance.jpg
23% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
Received Bonus | | 77% |
No Bonus | | 23% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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 / Belgium
37 EUR
per hour The average hourly wage (pay per hour) in Accounting and Finance in Belgium is 37 EUR.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 Belgium is 16 EUR. 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
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 Belgium is 5% on average across all career fields.
Private Sector | | 6,020 EUR |
Public Sector | +5% | 6,340 EUR |
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 Belgium?
A good and competitive compensation would range anywhere between 5,720 EUR and 6,810 EUR. 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 Belgium ranges from 2,820 EUR to 4,570 EUR. 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