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Accounting and Finance Average Salaries in Indonesia 2024

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


Average Monthly Salary
12,600,000 IDR
( 151,000,000 IDR yearly)

LOW
5,060,000
IDR
AVERAGE
12,600,000
IDR
HIGH
25,100,000
IDR
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 Indonesia typically earns around 12,600,000 IDR. Salaries range from 5,060,000 IDR (lowest average) to 25,100,000 IDR (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 Indonesia 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 Examiner6,530,000 IDR
Account Executive11,600,000 IDR
Accountant9,160,000 IDR
Accounting Analyst10,500,000 IDR
Accounting Assistant7,180,000 IDR
Accounting Associate6,300,000 IDR
Accounting Clerk5,420,000 IDR
Accounting Coordinator7,840,000 IDR
Accounting Head18,400,000 IDR
Accounting Manager18,100,000 IDR
Accounting Officer6,370,000 IDR
Accounting Specialist11,700,000 IDR
Accounting Supervisor12,100,000 IDR
Accounting Technician6,240,000 IDR
Accounting Unit Controller14,400,000 IDR
Accounts Executive11,200,000 IDR
Accounts Officer6,750,000 IDR
Accounts Payable and Receivable Specialist9,300,000 IDR
Accounts Payable Assistant7,510,000 IDR
Accounts Payable Associate7,980,000 IDR
Accounts Payable Clerk6,330,000 IDR
Accounts Payable Manager16,800,000 IDR
Accounts Receivable Administrator13,500,000 IDR
Accounts Receivable Clerk6,340,000 IDR
Accounts Receivable Financial Analyst12,000,000 IDR
Accounts Receivable Manager16,600,000 IDR
Accounts Receivable Team Leader13,200,000 IDR
Algorithmic Trading Specialist16,100,000 IDR
Assistant Accountant6,860,000 IDR
Assistant Accounting Manager16,600,000 IDR
Assistant Auditor9,000,000 IDR
Assistant Corporate Controller11,800,000 IDR
Assistant Finance Manager18,100,000 IDR
Assistant Financial Controller11,800,000 IDR
Audit Director20,700,000 IDR
Audit Supervisor15,700,000 IDR
Auditing Clerk6,750,000 IDR
Auditing Manager17,900,000 IDR
Billing Clerk7,040,000 IDR
Billing Coordinator8,420,000 IDR
Billing Specialist9,380,000 IDR
Billing Supervisor13,200,000 IDR
Bookkeeper5,700,000 IDR
Bookkeeping Specialist8,520,000 IDR
Budget Analyst14,900,000 IDR
Budget Manager17,900,000 IDR
Business Support Analyst10,200,000 IDR
Capital Markets Associate13,700,000 IDR
Cash Flow Analyst13,100,000 IDR
Cash Management Manager17,200,000 IDR
Cash Management Officer9,980,000 IDR
Cashbook Clerk5,990,000 IDR
Chartered Accountant11,100,000 IDR
Chief Accountant12,800,000 IDR
Chief Financial Technology Officer19,400,000 IDR
Collections Clerk5,740,000 IDR
Collections Representative7,530,000 IDR
Collections Specialist8,930,000 IDR
Corporate Controller14,000,000 IDR
Corporate Treasurer16,700,000 IDR
Cost Accountant8,930,000 IDR
Cost Accounting Manager17,400,000 IDR
Cost Accounting Supervisor14,500,000 IDR
Cost Analyst14,000,000 IDR
Credit and Collection Manager17,300,000 IDR
Credit and Collection Staff6,530,000 IDR
Credit and Loans Officer6,340,000 IDR
Credit Controller12,500,000 IDR
Credit Manager18,300,000 IDR
Debt Adviser14,200,000 IDR
Debt Collector6,910,000 IDR
Debtors Clerk6,230,000 IDR
Debtors Controller6,370,000 IDR
Deputy CFO23,800,000 IDR
Deputy Head of Finance23,900,000 IDR
Derivative Trader15,100,000 IDR
Director of Finance26,500,000 IDR
E-commerce Accountant9,530,000 IDR
Economist20,100,000 IDR
Equity Analyst15,300,000 IDR
Escrow Assistant7,850,000 IDR
Executive Accountant10,100,000 IDR
External Auditor12,100,000 IDR
Finance Administrator10,500,000 IDR
Finance Analyst16,400,000 IDR
Finance Associate7,840,000 IDR
Finance Data Analyst14,500,000 IDR
Finance Director26,600,000 IDR
Finance Executive18,300,000 IDR
Finance Licensing Clerk6,410,000 IDR
Finance Licensing Manager17,000,000 IDR
Finance Licensing Specialist9,630,000 IDR
Finance Manager25,300,000 IDR
Finance Officer8,490,000 IDR
Finance President27,000,000 IDR
Finance Relationship Manager21,400,000 IDR
Finance Release Analyst9,930,000 IDR
Finance Specialist15,000,000 IDR
Finance Team Leader 19,600,000 IDR
Financial Accountant8,550,000 IDR
Financial Actuary13,900,000 IDR
Financial Administrator15,100,000 IDR
Financial Advisor16,400,000 IDR
Financial Analyst15,600,000 IDR
Financial Applications Specialist10,800,000 IDR
Financial Assistant6,930,000 IDR
Financial Associate7,200,000 IDR
Financial Associate8,650,000 IDR
Financial Claims Analyst11,800,000 IDR
Financial Claims Manager15,600,000 IDR
Financial Claims Supervisor14,500,000 IDR
Financial Clerk6,820,000 IDR
Financial Commercial Analyst13,500,000 IDR
Financial Compliance Analyst13,900,000 IDR
Financial Compliance Officer14,200,000 IDR
Financial Consultant11,700,000 IDR
Financial Controller14,900,000 IDR
Financial Controller13,700,000 IDR
Financial Coordinator8,220,000 IDR
Financial Customer Service Manager16,100,000 IDR
Financial Data Scientist16,700,000 IDR
Financial Dealer and Broker9,320,000 IDR
Financial Director26,900,000 IDR
Financial Encoder7,280,000 IDR
Financial Manager23,800,000 IDR
Financial Manager24,000,000 IDR
Financial Modelling Analyst16,200,000 IDR
Financial Operations Manager23,200,000 IDR
Financial Policy Analyst13,900,000 IDR
Financial Project Manager18,100,000 IDR
Financial Quantitative Analyst15,400,000 IDR
Financial Reporting Consultant13,300,000 IDR
Financial Reporting Manager17,100,000 IDR
Financial Section Head17,300,000 IDR
Financial Services Manager21,800,000 IDR
Financial Services Sales Agent9,880,000 IDR
Financial Technology Consultant14,200,000 IDR
Financial Wellness Coach18,500,000 IDR
FinTech Analyst15,500,000 IDR
Fixed Assets Administrator9,480,000 IDR
Forensic Accountant10,800,000 IDR
Fraud Detection Supervisor10,900,000 IDR
Fraud Prevention Manager18,000,000 IDR
Fund Accountant8,440,000 IDR
Grants Coordinator6,490,000 IDR
Green Finance Analyst13,100,000 IDR
Group Financial Manager25,200,000 IDR
Internal Auditor11,600,000 IDR
Internal Control Adviser13,800,000 IDR
Internal Control Officer7,680,000 IDR
International Tax Director21,400,000 IDR
Inventory Accountant9,240,000 IDR
Investment Advisor23,700,000 IDR
Investment Analyst17,500,000 IDR
Investment Associate15,200,000 IDR
Investment Broker14,900,000 IDR
Investment Fund Manager20,200,000 IDR
Investment Operations Manager19,800,000 IDR
Investment Underwriter7,720,000 IDR
Investor11,600,000 IDR
Investor Relations Manager18,100,000 IDR
KYC Team Leader18,100,000 IDR
Loan Processor7,630,000 IDR
Management Accountant9,960,000 IDR
Management Economist20,900,000 IDR
Paymaster7,570,000 IDR
Payroll Administrator11,700,000 IDR
Payroll Benefits Coordinator9,400,000 IDR
Payroll Billing Manager15,600,000 IDR
Payroll Clerk7,760,000 IDR
Payroll Manager16,300,000 IDR
Payroll Officer7,420,000 IDR
Payroll Specialist8,880,000 IDR
Payroll Supervisor11,400,000 IDR
Pensions Administrator9,500,000 IDR
Personal Financial Advisor13,700,000 IDR
Pricing Analyst14,800,000 IDR
Private Equity Analyst16,500,000 IDR
Project Accountant9,970,000 IDR
Proposal Development Coordinator7,980,000 IDR
Quantitative Trader12,200,000 IDR
Receivables Accountant8,200,000 IDR
Regulatory Accountant9,420,000 IDR
Retirement Plan Analyst14,000,000 IDR
Revenue Management Specialist14,600,000 IDR
Revenue Recognition Analyst17,100,000 IDR
Risk Management Director21,500,000 IDR
Risk Management Supervisor17,700,000 IDR
Staff Accountant8,670,000 IDR
Tax Accountant8,180,000 IDR
Tax Administrator9,430,000 IDR
Tax Advisor13,300,000 IDR
Tax Analyst13,300,000 IDR
Tax Associate7,360,000 IDR
Tax Consultant13,900,000 IDR
Tax Director20,200,000 IDR
Tax Examiner9,940,000 IDR
Tax Manager18,300,000 IDR
Tax Research Manager18,300,000 IDR
Teller5,350,000 IDR
Treasury Accountant9,340,000 IDR
Treasury Analyst14,200,000 IDR
Underwriter6,140,000 IDR
Underwriting Assistant5,780,000 IDR
Vice President of Finance24,100,000 IDR


Accounting and Finance Jobs Pay Scale and Salaries in Indonesia

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

5% of people earn
13,500,000 IDR or more
10% of people earn
11,400,000 to 13,500,000 IDR
20% of people earn
6,860,000 IDR or less
65% of people earn
6,860,000 to 11,400,000 IDR
Minimum Salary
5,060,000
IDR
Median
11,800,000
IDR
Maximum
25,100,000
IDR




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 Indonesia range from 5,060,000 IDR (starting average salary) to 25,100,000 IDR (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 11,800,000 IDR, implying that half of the workforce in Indonesia 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 Indonesia earn less than 9,250,000 IDR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 14,300,000 IDR, 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 Indonesia. The analysis revealed that roughly 65% of all reported salaries fell within the range of 6,860,000 IDR to 11,400,000 IDR. Approximately 20% of salaries were below the 6,860,000 IDR mark, while 10% ranged from 11,400,000 IDR to 13,500,000 IDR. Only 5% of individuals earned a gross salary of 13,500,000 IDR 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 Indonesia 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 Indonesia, 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 Indonesia costs anywhere from 60,900,000 IDR to 183,000,000 IDR 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 / Indonesia

Salary comparison by gender Indonesia 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 Indonesia, the average difference between the salary of male and female employees is 11%.

Male
13,400,000 IDR
Female-10%
12,000,000 IDR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Indonesia for all Careers

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

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

Professionals working in Accounting and Finance in Indonesia are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Indonesia 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.

Indonesia / All Professions

Annual Salary Increment Rate Indonesia
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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 Indonesia is 5%.

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 / Indonesia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Indonesia Accounting and Finance
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20% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 80% 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
80%
No Bonus
20%

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 / Indonesia


72,700 IDR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Indonesia is 72,700 IDR.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 Indonesia is 29,200 IDR. 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
Bandung13,900,000 IDR
Jakarta14,400,000 IDR
Makasar12,600,000 IDR
Malang12,400,000 IDR
Medan13,600,000 IDR
Palembang13,100,000 IDR
Semarang12,900,000 IDR
Surabaya14,100,000 IDR
Surakarta12,200,000 IDR
Tangerang13,400,000 IDR

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 Indonesia is 9% on average across all career fields.

Private Sector
11,600,000 IDR
Public Sector+9%
12,600,000 IDR
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 Indonesia?

A good and competitive compensation would range anywhere between 11,800,000 IDR and 14,300,000 IDR. 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 Indonesia ranges from 5,060,000 IDR to 9,250,000 IDR. 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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