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Accounting and Finance Average Salaries in Thailand 2024

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


Average Monthly Salary
101,000 THB
( 1,210,000 THB yearly)

LOW
40,400
THB
AVERAGE
101,000
THB
HIGH
200,000
THB
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 Thailand typically earns around 101,000 THB. Salaries range from 40,400 THB (lowest average) to 200,000 THB (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 Thailand 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 Examiner53,900 THB
Account Executive85,600 THB
Accountant70,100 THB
Accounting Analyst82,800 THB
Accounting Assistant55,700 THB
Accounting Associate52,800 THB
Accounting Clerk42,600 THB
Accounting Coordinator64,600 THB
Accounting Head136,000 THB
Accounting Manager144,000 THB
Accounting Officer50,700 THB
Accounting Specialist94,200 THB
Accounting Supervisor94,200 THB
Accounting Technician51,300 THB
Accounting Unit Controller115,000 THB
Accounts Executive91,000 THB
Accounts Officer55,300 THB
Accounts Payable and Receivable Specialist71,700 THB
Accounts Payable Assistant56,800 THB
Accounts Payable Associate61,400 THB
Accounts Payable Clerk51,300 THB
Accounts Payable Manager138,000 THB
Accounts Receivable Administrator107,000 THB
Accounts Receivable Clerk52,800 THB
Accounts Receivable Financial Analyst98,100 THB
Accounts Receivable Manager140,000 THB
Accounts Receivable Team Leader99,000 THB
Algorithmic Trading Specialist124,000 THB
Assistant Accountant56,200 THB
Assistant Accounting Manager129,000 THB
Assistant Auditor71,600 THB
Assistant Corporate Controller99,000 THB
Assistant Finance Manager146,000 THB
Assistant Financial Controller97,500 THB
Audit Director167,000 THB
Audit Supervisor129,000 THB
Auditing Clerk55,300 THB
Auditing Manager141,000 THB
Billing Clerk55,700 THB
Billing Coordinator61,000 THB
Billing Specialist75,100 THB
Billing Supervisor108,000 THB
Bookkeeper47,200 THB
Bookkeeping Specialist69,900 THB
Budget Analyst125,000 THB
Budget Manager138,000 THB
Business Support Analyst80,800 THB
Capital Markets Associate104,000 THB
Cash Flow Analyst102,000 THB
Cash Management Manager136,000 THB
Cash Management Officer80,300 THB
Cashbook Clerk47,300 THB
Chartered Accountant90,600 THB
Chief Accountant100,000 THB
Chief Financial Technology Officer146,000 THB
Collections Clerk44,600 THB
Collections Representative61,600 THB
Collections Specialist70,600 THB
Corporate Controller109,000 THB
Corporate Treasurer132,000 THB
Cost Accountant67,400 THB
Cost Accounting Manager140,000 THB
Cost Accounting Supervisor111,000 THB
Cost Analyst114,000 THB
Credit and Collection Manager133,000 THB
Credit and Collection Staff54,300 THB
Credit and Loans Officer52,300 THB
Credit Controller96,600 THB
Credit Manager153,000 THB
Debt Adviser121,000 THB
Debt Collector54,200 THB
Debtors Clerk50,300 THB
Debtors Controller50,700 THB
Deputy CFO189,000 THB
Deputy Head of Finance195,000 THB
Derivative Trader117,000 THB
Director of Finance217,000 THB
E-commerce Accountant70,300 THB
Economist167,000 THB
Equity Analyst124,000 THB
Escrow Assistant60,200 THB
Executive Accountant81,600 THB
External Auditor96,200 THB
Finance Administrator81,400 THB
Finance Analyst130,000 THB
Finance Associate61,600 THB
Finance Data Analyst109,000 THB
Finance Director212,000 THB
Finance Executive146,000 THB
Finance Licensing Clerk49,800 THB
Finance Licensing Manager134,000 THB
Finance Licensing Specialist77,000 THB
Finance Manager204,000 THB
Finance Officer66,900 THB
Finance President217,000 THB
Finance Relationship Manager157,000 THB
Finance Release Analyst82,300 THB
Finance Specialist111,000 THB
Finance Team Leader 162,000 THB
Financial Accountant68,100 THB
Financial Actuary109,000 THB
Financial Administrator118,000 THB
Financial Advisor123,000 THB
Financial Analyst133,000 THB
Financial Applications Specialist86,800 THB
Financial Assistant56,800 THB
Financial Associate54,200 THB
Financial Associate65,900 THB
Financial Claims Analyst97,300 THB
Financial Claims Manager131,000 THB
Financial Claims Supervisor111,000 THB
Financial Clerk51,400 THB
Financial Commercial Analyst104,000 THB
Financial Compliance Analyst114,000 THB
Financial Compliance Officer109,000 THB
Financial Consultant95,100 THB
Financial Controller114,000 THB
Financial Controller116,000 THB
Financial Coordinator65,500 THB
Financial Customer Service Manager123,000 THB
Financial Data Scientist129,000 THB
Financial Dealer and Broker78,500 THB
Financial Director208,000 THB
Financial Encoder58,000 THB
Financial Manager187,000 THB
Financial Manager188,000 THB
Financial Modelling Analyst127,000 THB
Financial Operations Manager174,000 THB
Financial Policy Analyst107,000 THB
Financial Project Manager145,000 THB
Financial Quantitative Analyst117,000 THB
Financial Reporting Consultant104,000 THB
Financial Reporting Manager132,000 THB
Financial Section Head136,000 THB
Financial Services Manager174,000 THB
Financial Services Sales Agent77,700 THB
Financial Technology Consultant113,000 THB
Financial Wellness Coach149,000 THB
FinTech Analyst115,000 THB
Fixed Assets Administrator71,000 THB
Forensic Accountant79,300 THB
Fraud Detection Supervisor84,500 THB
Fraud Prevention Manager142,000 THB
Fund Accountant67,600 THB
Grants Coordinator54,400 THB
Green Finance Analyst108,000 THB
Group Financial Manager211,000 THB
Internal Auditor93,200 THB
Internal Control Adviser108,000 THB
Internal Control Officer60,700 THB
International Tax Director162,000 THB
Inventory Accountant72,900 THB
Investment Advisor192,000 THB
Investment Analyst144,000 THB
Investment Associate119,000 THB
Investment Broker112,000 THB
Investment Fund Manager161,000 THB
Investment Operations Manager151,000 THB
Investment Underwriter62,200 THB
Investor89,800 THB
Investor Relations Manager142,000 THB
KYC Team Leader141,000 THB
Loan Processor55,400 THB
Management Accountant76,100 THB
Management Economist164,000 THB
Paymaster57,900 THB
Payroll Administrator95,000 THB
Payroll Benefits Coordinator75,000 THB
Payroll Billing Manager126,000 THB
Payroll Clerk63,700 THB
Payroll Manager123,000 THB
Payroll Officer61,000 THB
Payroll Specialist74,000 THB
Payroll Supervisor87,000 THB
Pensions Administrator74,700 THB
Personal Financial Advisor103,000 THB
Pricing Analyst111,000 THB
Private Equity Analyst130,000 THB
Project Accountant77,300 THB
Proposal Development Coordinator62,800 THB
Quantitative Trader102,000 THB
Receivables Accountant63,700 THB
Regulatory Accountant80,400 THB
Retirement Plan Analyst109,000 THB
Revenue Management Specialist115,000 THB
Revenue Recognition Analyst129,000 THB
Risk Management Director174,000 THB
Risk Management Supervisor145,000 THB
Staff Accountant67,900 THB
Tax Accountant66,800 THB
Tax Administrator75,800 THB
Tax Advisor109,000 THB
Tax Analyst110,000 THB
Tax Associate61,000 THB
Tax Consultant117,000 THB
Tax Director156,000 THB
Tax Examiner74,000 THB
Tax Manager138,000 THB
Tax Research Manager140,000 THB
Teller41,400 THB
Treasury Accountant73,500 THB
Treasury Analyst119,000 THB
Underwriter49,300 THB
Underwriting Assistant47,000 THB
Vice President of Finance188,000 THB


Accounting and Finance Jobs Pay Scale and Salaries in Thailand

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

5% of people earn
104,000 THB or more
10% of people earn
88,400 to 104,000 THB
20% of people earn
53,200 THB or less
65% of people earn
53,200 to 88,400 THB
Minimum Salary
40,400 THB
Median
91,600 THB
Maximum
200,000 THB




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 Thailand range from 40,400 THB (starting average salary) to 200,000 THB (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 91,600 THB, implying that half of the workforce in Thailand 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 Thailand earn less than 71,700 THB, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 111,000 THB, 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 Thailand. The analysis revealed that roughly 65% of all reported salaries fell within the range of 53,200 THB to 88,400 THB. Approximately 20% of salaries were below the 53,200 THB mark, while 10% ranged from 88,400 THB to 104,000 THB. Only 5% of individuals earned a gross salary of 104,000 THB 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 Thailand 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 Thailand, 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 Thailand costs anywhere from 486,000 THB to 1,460,000 THB 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 / Thailand

Salary comparison by gender Thailand 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 Thailand, the average difference between the salary of male and female employees is 6%.

Male
103,000 THB
Female-6%
97,500 THB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Thailand for all Careers

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

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

Professionals working in Accounting and Finance in Thailand 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.

Annual Salary Increment Rate Thailand 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.

Thailand / All Professions

Annual Salary Increment Rate Thailand
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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 Thailand is 6%.

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 / Thailand

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Thailand Accounting and Finance
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22% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
78%
No Bonus
22%

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 / Thailand


580 THB per hour

The average hourly wage (pay per hour) in Accounting and Finance in Thailand is 580 THB.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 Thailand is 230 THB. 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
Bangkok (Krung Thep)116,000 THB
Chiang Mai112,000 THB

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 Thailand is 7% on average across all career fields.

Private Sector
94,300 THB
Public Sector+7%
101,000 THB
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 Thailand?

A good and competitive compensation would range anywhere between 91,600 THB and 111,000 THB. 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 Thailand ranges from 40,400 THB to 71,700 THB. 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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