How much money does a person working in Accounting and Finance make in Taiwan?
Average Monthly Salary
134,000 TWD
( 1,610,000 TWD yearly)
LOW
53,900
TWD
AVERAGE
134,000
TWD
HIGH
267,000
TWD
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 Taiwan typically earns around 134,000 TWD. Salaries range from 53,900 TWD (lowest average) to 267,000 TWD (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 Taiwan 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 | 72,400 TWD |
Account Executive | 114,000 TWD |
Accountant | 94,400 TWD |
Accounting Analyst | 120,000 TWD |
|
Accounting Assistant | 74,700 TWD |
Accounting Associate | 65,400 TWD |
Accounting Clerk | 57,000 TWD |
Accounting Coordinator | 86,900 TWD |
Accounting Head | 181,000 TWD |
Accounting Manager | 192,000 TWD |
Accounting Officer | 73,200 TWD |
Accounting Specialist | 123,000 TWD |
Accounting Supervisor | 128,000 TWD |
Accounting Technician | 66,100 TWD |
Accounting Unit Controller | 165,000 TWD |
Accounts Executive | 123,000 TWD |
Accounts Officer | 71,800 TWD |
Accounts Payable and Receivable Specialist | 95,000 TWD |
Accounts Payable Assistant | 78,300 TWD |
Accounts Payable Associate | 83,800 TWD |
Accounts Payable Clerk | 68,200 TWD |
Accounts Payable Manager | 183,000 TWD |
Accounts Receivable Administrator | 138,000 TWD |
Accounts Receivable Clerk | 69,900 TWD |
Accounts Receivable Financial Analyst | 130,000 TWD |
Accounts Receivable Manager | 185,000 TWD |
Accounts Receivable Team Leader | 138,000 TWD |
Algorithmic Trading Specialist | 164,000 TWD |
Assistant Accountant | 71,000 TWD |
Assistant Accounting Manager | 168,000 TWD |
Assistant Auditor | 98,300 TWD |
Assistant Corporate Controller | 125,000 TWD |
Assistant Finance Manager | 201,000 TWD |
Assistant Financial Controller | 124,000 TWD |
Audit Director | 207,000 TWD |
Audit Supervisor | 167,000 TWD |
Auditing Clerk | 71,800 TWD |
Auditing Manager | 200,000 TWD |
Billing Clerk | 71,900 TWD |
Billing Coordinator | 86,900 TWD |
Billing Specialist | 99,400 TWD |
Billing Supervisor | 137,000 TWD |
Bookkeeper | 59,900 TWD |
Bookkeeping Specialist | 90,200 TWD |
Budget Analyst | 158,000 TWD |
Budget Manager | 192,000 TWD |
Business Support Analyst | 111,000 TWD |
Capital Markets Associate | 141,000 TWD |
Cash Flow Analyst | 142,000 TWD |
Cash Management Manager | 189,000 TWD |
Cash Management Officer | 111,000 TWD |
Cashbook Clerk | 62,800 TWD |
Chartered Accountant | 125,000 TWD |
Chief Accountant | 143,000 TWD |
Chief Financial Technology Officer | 202,000 TWD |
Collections Clerk | 55,300 TWD |
Collections Representative | 78,200 TWD |
Collections Specialist | 95,800 TWD |
Corporate Controller | 146,000 TWD |
Corporate Treasurer | 180,000 TWD |
Cost Accountant | 97,900 TWD |
Cost Accounting Manager | 189,000 TWD |
Cost Accounting Supervisor | 154,000 TWD |
Cost Analyst | 153,000 TWD |
Credit and Collection Manager | 186,000 TWD |
Credit and Collection Staff | 71,900 TWD |
Credit and Loans Officer | 70,300 TWD |
Credit Controller | 131,000 TWD |
Credit Manager | 205,000 TWD |
Debt Adviser | 159,000 TWD |
Debt Collector | 78,600 TWD |
Debtors Clerk | 62,300 TWD |
Debtors Controller | 73,200 TWD |
Deputy CFO | 262,000 TWD |
Deputy Head of Finance | 268,000 TWD |
Derivative Trader | 160,000 TWD |
Director of Finance | 274,000 TWD |
E-commerce Accountant | 102,000 TWD |
Economist | 216,000 TWD |
Equity Analyst | 174,000 TWD |
Escrow Assistant | 80,500 TWD |
Executive Accountant | 103,000 TWD |
External Auditor | 136,000 TWD |
Finance Administrator | 112,000 TWD |
Finance Analyst | 175,000 TWD |
Finance Associate | 84,800 TWD |
Finance Data Analyst | 152,000 TWD |
Finance Director | 291,000 TWD |
Finance Executive | 206,000 TWD |
Finance Licensing Clerk | 64,900 TWD |
Finance Licensing Manager | 174,000 TWD |
Finance Licensing Specialist | 99,800 TWD |
Finance Manager | 253,000 TWD |
Finance Officer | 86,900 TWD |
Finance President | 285,000 TWD |
Finance Relationship Manager | 223,000 TWD |
Finance Release Analyst | 104,000 TWD |
Finance Specialist | 151,000 TWD |
Finance Team Leader | 217,000 TWD |
Financial Accountant | 98,300 TWD |
Financial Actuary | 147,000 TWD |
Financial Administrator | 156,000 TWD |
Financial Advisor | 168,000 TWD |
Financial Analyst | 171,000 TWD |
Financial Applications Specialist | 113,000 TWD |
Financial Assistant | 73,700 TWD |
Financial Associate | 77,100 TWD |
Financial Associate | 89,500 TWD |
Financial Claims Analyst | 121,000 TWD |
Financial Claims Manager | 162,000 TWD |
Financial Claims Supervisor | 152,000 TWD |
Financial Clerk | 73,000 TWD |
Financial Commercial Analyst | 140,000 TWD |
Financial Compliance Analyst | 147,000 TWD |
Financial Compliance Officer | 150,000 TWD |
Financial Consultant | 131,000 TWD |
Financial Controller | 147,000 TWD |
Financial Controller | 156,000 TWD |
Financial Coordinator | 83,100 TWD |
Financial Customer Service Manager | 165,000 TWD |
Financial Data Scientist | 179,000 TWD |
Financial Dealer and Broker | 101,000 TWD |
Financial Director | 275,000 TWD |
Financial Encoder | 83,700 TWD |
Financial Manager | 251,000 TWD |
Financial Manager | 273,000 TWD |
Financial Modelling Analyst | 175,000 TWD |
Financial Operations Manager | 232,000 TWD |
Financial Policy Analyst | 152,000 TWD |
Financial Project Manager | 196,000 TWD |
Financial Quantitative Analyst | 166,000 TWD |
Financial Reporting Consultant | 134,000 TWD |
Financial Reporting Manager | 187,000 TWD |
Financial Section Head | 183,000 TWD |
Financial Services Manager | 251,000 TWD |
Financial Services Sales Agent | 98,800 TWD |
Financial Technology Consultant | 155,000 TWD |
Financial Wellness Coach | 185,000 TWD |
FinTech Analyst | 157,000 TWD |
Fixed Assets Administrator | 94,700 TWD |
Forensic Accountant | 112,000 TWD |
Fraud Detection Supervisor | 113,000 TWD |
Fraud Prevention Manager | 189,000 TWD |
Fund Accountant | 89,500 TWD |
Grants Coordinator | 67,300 TWD |
Green Finance Analyst | 140,000 TWD |
Group Financial Manager | 282,000 TWD |
Internal Auditor | 131,000 TWD |
Internal Control Adviser | 144,000 TWD |
Internal Control Officer | 80,500 TWD |
International Tax Director | 235,000 TWD |
Inventory Accountant | 94,700 TWD |
Investment Advisor | 254,000 TWD |
Investment Analyst | 189,000 TWD |
Investment Associate | 161,000 TWD |
Investment Broker | 163,000 TWD |
Investment Fund Manager | 216,000 TWD |
Investment Operations Manager | 219,000 TWD |
Investment Underwriter | 83,400 TWD |
Investor | 127,000 TWD |
Investor Relations Manager | 181,000 TWD |
KYC Team Leader | 189,000 TWD |
Loan Processor | 78,800 TWD |
Management Accountant | 108,000 TWD |
Management Economist | 209,000 TWD |
Paymaster | 78,000 TWD |
Payroll Administrator | 123,000 TWD |
Payroll Benefits Coordinator | 100,000 TWD |
Payroll Billing Manager | 168,000 TWD |
Payroll Clerk | 82,200 TWD |
Payroll Manager | 174,000 TWD |
Payroll Officer | 80,900 TWD |
Payroll Specialist | 97,800 TWD |
Payroll Supervisor | 123,000 TWD |
Pensions Administrator | 95,000 TWD |
Personal Financial Advisor | 145,000 TWD |
Pricing Analyst | 158,000 TWD |
Private Equity Analyst | 161,000 TWD |
Project Accountant | 104,000 TWD |
Proposal Development Coordinator | 79,800 TWD |
Quantitative Trader | 135,000 TWD |
Receivables Accountant | 83,000 TWD |
Regulatory Accountant | 104,000 TWD |
Retirement Plan Analyst | 146,000 TWD |
Revenue Management Specialist | 153,000 TWD |
Revenue Recognition Analyst | 182,000 TWD |
Risk Management Director | 220,000 TWD |
Risk Management Supervisor | 183,000 TWD |
Staff Accountant | 91,600 TWD |
Tax Accountant | 84,900 TWD |
Tax Administrator | 105,000 TWD |
Tax Advisor | 149,000 TWD |
Tax Analyst | 137,000 TWD |
Tax Associate | 77,300 TWD |
Tax Consultant | 144,000 TWD |
Tax Director | 212,000 TWD |
Tax Examiner | 100,000 TWD |
Tax Manager | 192,000 TWD |
Tax Research Manager | 194,000 TWD |
Teller | 57,200 TWD |
Treasury Accountant | 98,300 TWD |
Treasury Analyst | 158,000 TWD |
Underwriter | 66,700 TWD |
Underwriting Assistant | 63,400 TWD |
Vice President of Finance | 250,000 TWD |
Accounting and Finance Jobs Pay Scale and Salaries in Taiwan
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/taiwan/accounting-and-finance/median-and-salary-distribution-monthly-taiwan-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
135,000 TWD or more
10% of people earn
114,000 to 135,000 TWD
20% of people earn
68,800 TWD or less
65% of people earn
68,800 to 114,000 TWD
Minimum Salary 53,900 TWD |
Median 118,000 TWD |
Maximum 267,000 TWD |
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 Taiwan range from 53,900 TWD (starting average salary) to 267,000 TWD (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 118,000 TWD, implying that half of the workforce in Taiwan 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 Taiwan earn less than 92,800 TWD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 143,000 TWD, 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 Taiwan. The analysis revealed that roughly 65% of all reported salaries fell within the range of 68,800 TWD to 114,000 TWD. Approximately 20% of salaries were below the 68,800 TWD mark, while 10% ranged from 114,000 TWD to 135,000 TWD. Only 5% of individuals earned a gross salary of 135,000 TWD 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 Taiwan 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 Taiwan, 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 Taiwan costs anywhere from 649,000 TWD to 1,950,000 TWD 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 / Taiwan
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/taiwan/accounting-and-finance/salary-comparison-by-gender-monthly-taiwan-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 Taiwan, the average difference between the salary of male and female employees is 14%.
Male | | 141,000 TWD |
Female | -12% | 123,000 TWD |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Taiwan for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/taiwan/salary-comparison-by-gender-monthly-taiwan.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Taiwan
How much are annual salary increments in Taiwan for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Taiwan 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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/taiwan/accounting-and-finance/annual-salary-increment-rate-taiwan-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.
Taiwan / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/taiwan/annual-salary-increment-rate-taiwan.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 Taiwan is 2%.”
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 / Taiwan
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/taiwan/accounting-and-finance/annual-salary-bonus-rate-taiwan-accounting-and-finance.jpg
43% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 57% 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 | | 57% |
No Bonus | | 43% |
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 / Taiwan
770 TWD
per hour The average hourly wage (pay per hour) in Accounting and Finance in Taiwan is 770 TWD.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 Taiwan is 310 TWD. 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 Taiwan is 7% on average across all career fields.
Private Sector | | 125,000 TWD |
Public Sector | +7% | 134,000 TWD |
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 Taiwan?
A good and competitive compensation would range anywhere between 118,000 TWD and 143,000 TWD. 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 Taiwan ranges from 53,900 TWD to 92,800 TWD. 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