How much money does a person working in Accounting and Finance make in Ukraine?
Average Monthly Salary
23,800 UAH
( 286,000 UAH yearly)
LOW
9,570
UAH
AVERAGE
23,800
UAH
HIGH
47,500
UAH
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 Ukraine typically earns around 23,800 UAH. Salaries range from 9,570 UAH (lowest average) to 47,500 UAH (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 Ukraine 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 | 12,000 UAH |
Account Executive | 20,800 UAH |
Accountant | 16,100 UAH |
Accounting Analyst | 21,000 UAH |
|
Accounting Assistant | 12,900 UAH |
Accounting Associate | 12,200 UAH |
Accounting Clerk | 9,980 UAH |
Accounting Coordinator | 14,400 UAH |
Accounting Head | 33,000 UAH |
Accounting Manager | 34,200 UAH |
Accounting Officer | 11,700 UAH |
Accounting Specialist | 22,000 UAH |
Accounting Supervisor | 22,300 UAH |
Accounting Technician | 12,100 UAH |
Accounting Unit Controller | 26,500 UAH |
Accounts Executive | 20,100 UAH |
Accounts Officer | 13,100 UAH |
Accounts Payable and Receivable Specialist | 16,300 UAH |
Accounts Payable Assistant | 13,200 UAH |
Accounts Payable Associate | 14,300 UAH |
Accounts Payable Clerk | 12,300 UAH |
Accounts Payable Manager | 33,500 UAH |
Accounts Receivable Administrator | 24,200 UAH |
Accounts Receivable Clerk | 11,700 UAH |
Accounts Receivable Financial Analyst | 23,700 UAH |
Accounts Receivable Manager | 31,400 UAH |
Accounts Receivable Team Leader | 23,000 UAH |
Algorithmic Trading Specialist | 28,200 UAH |
Assistant Accountant | 13,000 UAH |
Assistant Accounting Manager | 32,100 UAH |
Assistant Auditor | 15,800 UAH |
Assistant Corporate Controller | 23,400 UAH |
Assistant Finance Manager | 35,900 UAH |
Assistant Financial Controller | 22,800 UAH |
Audit Director | 37,200 UAH |
Audit Supervisor | 30,400 UAH |
Auditing Clerk | 13,100 UAH |
Auditing Manager | 34,800 UAH |
Billing Clerk | 12,700 UAH |
Billing Coordinator | 15,500 UAH |
Billing Specialist | 17,700 UAH |
Billing Supervisor | 25,000 UAH |
Bookkeeper | 11,000 UAH |
Bookkeeping Specialist | 16,500 UAH |
Budget Analyst | 29,600 UAH |
Budget Manager | 32,900 UAH |
Business Support Analyst | 17,800 UAH |
Capital Markets Associate | 23,900 UAH |
Cash Flow Analyst | 24,800 UAH |
Cash Management Manager | 33,300 UAH |
Cash Management Officer | 19,800 UAH |
Cashbook Clerk | 11,000 UAH |
Chartered Accountant | 20,500 UAH |
Chief Accountant | 24,800 UAH |
Chief Financial Technology Officer | 34,000 UAH |
Collections Clerk | 10,600 UAH |
Collections Representative | 14,200 UAH |
Collections Specialist | 16,900 UAH |
Corporate Controller | 25,200 UAH |
Corporate Treasurer | 31,600 UAH |
Cost Accountant | 16,500 UAH |
Cost Accounting Manager | 33,700 UAH |
Cost Accounting Supervisor | 26,100 UAH |
Cost Analyst | 25,100 UAH |
Credit and Collection Manager | 31,900 UAH |
Credit and Collection Staff | 12,000 UAH |
Credit and Loans Officer | 11,700 UAH |
Credit Controller | 22,500 UAH |
Credit Manager | 34,600 UAH |
Debt Adviser | 27,500 UAH |
Debt Collector | 13,700 UAH |
Debtors Clerk | 11,200 UAH |
Debtors Controller | 11,700 UAH |
Deputy CFO | 46,100 UAH |
Deputy Head of Finance | 44,000 UAH |
Derivative Trader | 27,700 UAH |
Director of Finance | 50,000 UAH |
E-commerce Accountant | 16,700 UAH |
Economist | 39,900 UAH |
Equity Analyst | 28,200 UAH |
Escrow Assistant | 15,200 UAH |
Executive Accountant | 18,600 UAH |
External Auditor | 24,000 UAH |
Finance Administrator | 19,400 UAH |
Finance Analyst | 30,900 UAH |
Finance Associate | 14,800 UAH |
Finance Data Analyst | 25,400 UAH |
Finance Director | 46,600 UAH |
Finance Executive | 36,400 UAH |
Finance Licensing Clerk | 12,400 UAH |
Finance Licensing Manager | 30,500 UAH |
Finance Licensing Specialist | 17,700 UAH |
Finance Manager | 45,500 UAH |
Finance Officer | 15,200 UAH |
Finance President | 51,000 UAH |
Finance Relationship Manager | 36,500 UAH |
Finance Release Analyst | 19,200 UAH |
Finance Specialist | 27,600 UAH |
Finance Team Leader | 36,100 UAH |
Financial Accountant | 15,800 UAH |
Financial Actuary | 25,600 UAH |
Financial Administrator | 27,200 UAH |
Financial Advisor | 31,000 UAH |
Financial Analyst | 29,400 UAH |
Financial Applications Specialist | 20,300 UAH |
Financial Assistant | 13,400 UAH |
Financial Associate | 12,900 UAH |
Financial Associate | 15,200 UAH |
Financial Claims Analyst | 22,200 UAH |
Financial Claims Manager | 30,200 UAH |
Financial Claims Supervisor | 26,000 UAH |
Financial Clerk | 12,200 UAH |
Financial Commercial Analyst | 23,800 UAH |
Financial Compliance Analyst | 26,900 UAH |
Financial Compliance Officer | 25,600 UAH |
Financial Consultant | 21,500 UAH |
Financial Controller | 26,900 UAH |
Financial Controller | 27,200 UAH |
Financial Coordinator | 14,800 UAH |
Financial Customer Service Manager | 31,100 UAH |
Financial Data Scientist | 30,800 UAH |
Financial Dealer and Broker | 17,200 UAH |
Financial Director | 47,200 UAH |
Financial Encoder | 13,400 UAH |
Financial Manager | 47,700 UAH |
Financial Manager | 43,900 UAH |
Financial Modelling Analyst | 30,500 UAH |
Financial Operations Manager | 42,800 UAH |
Financial Policy Analyst | 26,200 UAH |
Financial Project Manager | 35,000 UAH |
Financial Quantitative Analyst | 28,300 UAH |
Financial Reporting Consultant | 23,300 UAH |
Financial Reporting Manager | 32,300 UAH |
Financial Section Head | 31,900 UAH |
Financial Services Manager | 40,200 UAH |
Financial Services Sales Agent | 17,300 UAH |
Financial Technology Consultant | 24,800 UAH |
Financial Wellness Coach | 33,200 UAH |
FinTech Analyst | 28,600 UAH |
Fixed Assets Administrator | 17,500 UAH |
Forensic Accountant | 18,400 UAH |
Fraud Detection Supervisor | 19,500 UAH |
Fraud Prevention Manager | 33,100 UAH |
Fund Accountant | 15,900 UAH |
Grants Coordinator | 12,600 UAH |
Green Finance Analyst | 25,900 UAH |
Group Financial Manager | 47,600 UAH |
Internal Auditor | 21,300 UAH |
Internal Control Adviser | 24,900 UAH |
Internal Control Officer | 14,100 UAH |
International Tax Director | 39,500 UAH |
Inventory Accountant | 16,600 UAH |
Investment Advisor | 45,800 UAH |
Investment Analyst | 31,400 UAH |
Investment Associate | 28,000 UAH |
Investment Broker | 27,400 UAH |
Investment Fund Manager | 38,200 UAH |
Investment Operations Manager | 37,300 UAH |
Investment Underwriter | 13,500 UAH |
Investor | 21,900 UAH |
Investor Relations Manager | 31,600 UAH |
KYC Team Leader | 32,600 UAH |
Loan Processor | 14,100 UAH |
Management Accountant | 18,300 UAH |
Management Economist | 36,600 UAH |
Paymaster | 13,300 UAH |
Payroll Administrator | 22,100 UAH |
Payroll Benefits Coordinator | 17,800 UAH |
Payroll Billing Manager | 30,200 UAH |
Payroll Clerk | 15,000 UAH |
Payroll Manager | 29,300 UAH |
Payroll Officer | 14,800 UAH |
Payroll Specialist | 16,400 UAH |
Payroll Supervisor | 21,000 UAH |
Pensions Administrator | 16,600 UAH |
Personal Financial Advisor | 24,100 UAH |
Pricing Analyst | 26,500 UAH |
Private Equity Analyst | 28,300 UAH |
Project Accountant | 17,900 UAH |
Proposal Development Coordinator | 14,000 UAH |
Quantitative Trader | 22,500 UAH |
Receivables Accountant | 15,900 UAH |
Regulatory Accountant | 17,800 UAH |
Retirement Plan Analyst | 25,200 UAH |
Revenue Management Specialist | 26,900 UAH |
Revenue Recognition Analyst | 30,700 UAH |
Risk Management Director | 39,600 UAH |
Risk Management Supervisor | 33,500 UAH |
Staff Accountant | 16,000 UAH |
Tax Accountant | 15,500 UAH |
Tax Administrator | 18,700 UAH |
Tax Advisor | 24,500 UAH |
Tax Analyst | 25,200 UAH |
Tax Associate | 14,300 UAH |
Tax Consultant | 26,900 UAH |
Tax Director | 36,300 UAH |
Tax Examiner | 18,300 UAH |
Tax Manager | 32,100 UAH |
Tax Research Manager | 32,900 UAH |
Teller | 9,860 UAH |
Treasury Accountant | 17,200 UAH |
Treasury Analyst | 26,800 UAH |
Underwriter | 11,900 UAH |
Underwriting Assistant | 10,400 UAH |
Vice President of Finance | 43,300 UAH |
Accounting and Finance Jobs Pay Scale and Salaries in Ukraine
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/ukraine/accounting-and-finance/median-and-salary-distribution-monthly-ukraine-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
24,500 UAH or more
10% of people earn
20,700 to 24,500 UAH
20% of people earn
12,500 UAH or less
65% of people earn
12,500 to 20,700 UAH
Minimum Salary 9,570 UAH |
Median 21,500 UAH |
Maximum 47,500 UAH |
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 Ukraine range from 9,570 UAH (starting average salary) to 47,500 UAH (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 21,500 UAH, implying that half of the workforce in Ukraine 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 Ukraine earn less than 16,800 UAH, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 25,900 UAH, 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 Ukraine. The analysis revealed that roughly 65% of all reported salaries fell within the range of 12,500 UAH to 20,700 UAH. Approximately 20% of salaries were below the 12,500 UAH mark, while 10% ranged from 20,700 UAH to 24,500 UAH. Only 5% of individuals earned a gross salary of 24,500 UAH 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 Ukraine 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 Ukraine, 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 Ukraine costs anywhere from 115,000 UAH to 346,000 UAH 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 / Ukraine
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/ukraine/accounting-and-finance/salary-comparison-by-gender-monthly-ukraine-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 Ukraine, the average difference between the salary of male and female employees is 14%.
Male | | 25,500 UAH |
Female | -13% | 22,300 UAH |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Ukraine for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/ukraine/salary-comparison-by-gender-monthly-ukraine.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Ukraine
How much are annual salary increments in Ukraine for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Ukraine 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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/ukraine/accounting-and-finance/annual-salary-increment-rate-ukraine-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.
Ukraine / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/ukraine/annual-salary-increment-rate-ukraine.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 Ukraine is 5%.”
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 / Ukraine
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/ukraine/accounting-and-finance/annual-salary-bonus-rate-ukraine-accounting-and-finance.jpg
26% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 74% 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 | | 74% |
No Bonus | | 26% |
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 / Ukraine
140 UAH
per hour The average hourly wage (pay per hour) in Accounting and Finance in Ukraine is 140 UAH.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 Ukraine is 55 UAH. 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 Ukraine is 7% on average across all career fields.
Private Sector | | 22,100 UAH |
Public Sector | +7% | 23,700 UAH |
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 Ukraine?
A good and competitive compensation would range anywhere between 21,500 UAH and 25,900 UAH. 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 Ukraine ranges from 9,570 UAH to 16,800 UAH. 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