How much money does a person working in Accounting and Finance make in Egypt?
Average Monthly Salary
9,550 EGP
( 115,000 EGP yearly)
LOW
3,830
EGP
AVERAGE
9,550
EGP
HIGH
19,000
EGP
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 Egypt typically earns around 9,550 EGP. Salaries range from 3,830 EGP (lowest average) to 19,000 EGP (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 Egypt 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 | 4,720 EGP |
Account Executive | 8,410 EGP |
Accountant | 6,350 EGP |
Accounting Analyst | 7,810 EGP |
|
Accounting Assistant | 4,790 EGP |
Accounting Associate | 4,650 EGP |
Accounting Clerk | 3,850 EGP |
Accounting Coordinator | 5,660 EGP |
Accounting Head | 13,300 EGP |
Accounting Manager | 13,700 EGP |
Accounting Officer | 4,550 EGP |
Accounting Specialist | 8,870 EGP |
Accounting Supervisor | 9,140 EGP |
Accounting Technician | 4,430 EGP |
Accounting Unit Controller | 10,300 EGP |
Accounts Executive | 8,380 EGP |
Accounts Officer | 4,950 EGP |
Accounts Payable and Receivable Specialist | 6,670 EGP |
Accounts Payable Assistant | 5,180 EGP |
Accounts Payable Associate | 5,680 EGP |
Accounts Payable Clerk | 4,620 EGP |
Accounts Payable Manager | 13,100 EGP |
Accounts Receivable Administrator | 9,370 EGP |
Accounts Receivable Clerk | 4,750 EGP |
Accounts Receivable Financial Analyst | 9,280 EGP |
Accounts Receivable Manager | 12,000 EGP |
Accounts Receivable Team Leader | 9,370 EGP |
Algorithmic Trading Specialist | 11,500 EGP |
Assistant Accountant | 5,060 EGP |
Assistant Accounting Manager | 12,300 EGP |
Assistant Auditor | 6,100 EGP |
Assistant Corporate Controller | 8,350 EGP |
Assistant Finance Manager | 13,500 EGP |
Assistant Financial Controller | 8,660 EGP |
Audit Director | 15,000 EGP |
Audit Supervisor | 11,500 EGP |
Auditing Clerk | 4,950 EGP |
Auditing Manager | 13,800 EGP |
Billing Clerk | 4,890 EGP |
Billing Coordinator | 5,630 EGP |
Billing Specialist | 6,870 EGP |
Billing Supervisor | 10,100 EGP |
Bookkeeper | 4,190 EGP |
Bookkeeping Specialist | 6,040 EGP |
Budget Analyst | 10,600 EGP |
Budget Manager | 13,500 EGP |
Business Support Analyst | 6,880 EGP |
Capital Markets Associate | 9,760 EGP |
Cash Flow Analyst | 9,530 EGP |
Cash Management Manager | 12,000 EGP |
Cash Management Officer | 7,450 EGP |
Cashbook Clerk | 4,120 EGP |
Chartered Accountant | 7,990 EGP |
Chief Accountant | 9,890 EGP |
Chief Financial Technology Officer | 13,400 EGP |
Collections Clerk | 4,060 EGP |
Collections Representative | 5,750 EGP |
Collections Specialist | 6,520 EGP |
Corporate Controller | 10,000 EGP |
Corporate Treasurer | 12,200 EGP |
Cost Accountant | 6,480 EGP |
Cost Accounting Manager | 12,200 EGP |
Cost Accounting Supervisor | 9,950 EGP |
Cost Analyst | 10,500 EGP |
Credit and Collection Manager | 13,100 EGP |
Credit and Collection Staff | 4,890 EGP |
Credit and Loans Officer | 4,580 EGP |
Credit Controller | 8,620 EGP |
Credit Manager | 12,700 EGP |
Debt Adviser | 10,900 EGP |
Debt Collector | 5,120 EGP |
Debtors Clerk | 4,500 EGP |
Debtors Controller | 4,550 EGP |
Deputy CFO | 16,700 EGP |
Deputy Head of Finance | 17,200 EGP |
Derivative Trader | 11,400 EGP |
Director of Finance | 19,600 EGP |
E-commerce Accountant | 6,520 EGP |
Economist | 14,200 EGP |
Equity Analyst | 11,000 EGP |
Escrow Assistant | 5,820 EGP |
Executive Accountant | 7,000 EGP |
External Auditor | 9,000 EGP |
Finance Administrator | 7,680 EGP |
Finance Analyst | 11,600 EGP |
Finance Associate | 5,520 EGP |
Finance Data Analyst | 10,300 EGP |
Finance Director | 18,100 EGP |
Finance Executive | 13,600 EGP |
Finance Licensing Clerk | 4,760 EGP |
Finance Licensing Manager | 12,200 EGP |
Finance Licensing Specialist | 6,650 EGP |
Finance Manager | 18,300 EGP |
Finance Officer | 6,090 EGP |
Finance President | 19,200 EGP |
Finance Relationship Manager | 15,200 EGP |
Finance Release Analyst | 7,310 EGP |
Finance Specialist | 10,400 EGP |
Finance Team Leader | 14,100 EGP |
Financial Accountant | 6,100 EGP |
Financial Actuary | 10,200 EGP |
Financial Administrator | 10,500 EGP |
Financial Advisor | 11,000 EGP |
Financial Analyst | 11,300 EGP |
Financial Applications Specialist | 8,170 EGP |
Financial Assistant | 5,080 EGP |
Financial Associate | 4,920 EGP |
Financial Associate | 6,180 EGP |
Financial Claims Analyst | 8,140 EGP |
Financial Claims Manager | 11,500 EGP |
Financial Claims Supervisor | 10,300 EGP |
Financial Clerk | 4,660 EGP |
Financial Commercial Analyst | 9,380 EGP |
Financial Compliance Analyst | 10,200 EGP |
Financial Compliance Officer | 9,760 EGP |
Financial Consultant | 8,390 EGP |
Financial Controller | 9,660 EGP |
Financial Controller | 9,980 EGP |
Financial Coordinator | 5,910 EGP |
Financial Customer Service Manager | 11,900 EGP |
Financial Data Scientist | 12,200 EGP |
Financial Dealer and Broker | 7,010 EGP |
Financial Director | 19,300 EGP |
Financial Encoder | 5,200 EGP |
Financial Manager | 16,900 EGP |
Financial Manager | 17,800 EGP |
Financial Modelling Analyst | 11,400 EGP |
Financial Operations Manager | 16,200 EGP |
Financial Policy Analyst | 9,720 EGP |
Financial Project Manager | 12,700 EGP |
Financial Quantitative Analyst | 11,200 EGP |
Financial Reporting Consultant | 9,570 EGP |
Financial Reporting Manager | 12,000 EGP |
Financial Section Head | 12,700 EGP |
Financial Services Manager | 15,600 EGP |
Financial Services Sales Agent | 6,670 EGP |
Financial Technology Consultant | 9,610 EGP |
Financial Wellness Coach | 13,400 EGP |
FinTech Analyst | 10,800 EGP |
Fixed Assets Administrator | 6,630 EGP |
Forensic Accountant | 7,680 EGP |
Fraud Detection Supervisor | 7,750 EGP |
Fraud Prevention Manager | 12,400 EGP |
Fund Accountant | 6,180 EGP |
Grants Coordinator | 4,790 EGP |
Green Finance Analyst | 9,210 EGP |
Group Financial Manager | 17,500 EGP |
Internal Auditor | 8,280 EGP |
Internal Control Adviser | 9,890 EGP |
Internal Control Officer | 5,280 EGP |
International Tax Director | 15,500 EGP |
Inventory Accountant | 6,630 EGP |
Investment Advisor | 16,700 EGP |
Investment Analyst | 13,100 EGP |
Investment Associate | 11,200 EGP |
Investment Broker | 10,800 EGP |
Investment Fund Manager | 14,300 EGP |
Investment Operations Manager | 13,800 EGP |
Investment Underwriter | 5,260 EGP |
Investor | 8,120 EGP |
Investor Relations Manager | 12,200 EGP |
KYC Team Leader | 12,100 EGP |
Loan Processor | 5,110 EGP |
Management Accountant | 7,240 EGP |
Management Economist | 14,100 EGP |
Paymaster | 5,240 EGP |
Payroll Administrator | 8,620 EGP |
Payroll Benefits Coordinator | 7,120 EGP |
Payroll Billing Manager | 11,400 EGP |
Payroll Clerk | 5,500 EGP |
Payroll Manager | 11,100 EGP |
Payroll Officer | 5,770 EGP |
Payroll Specialist | 6,660 EGP |
Payroll Supervisor | 8,280 EGP |
Pensions Administrator | 6,410 EGP |
Personal Financial Advisor | 9,430 EGP |
Pricing Analyst | 10,100 EGP |
Private Equity Analyst | 11,300 EGP |
Project Accountant | 6,660 EGP |
Proposal Development Coordinator | 5,390 EGP |
Quantitative Trader | 9,170 EGP |
Receivables Accountant | 6,100 EGP |
Regulatory Accountant | 6,830 EGP |
Retirement Plan Analyst | 10,000 EGP |
Revenue Management Specialist | 10,000 EGP |
Revenue Recognition Analyst | 11,300 EGP |
Risk Management Director | 14,900 EGP |
Risk Management Supervisor | 13,100 EGP |
Staff Accountant | 6,350 EGP |
Tax Accountant | 6,240 EGP |
Tax Administrator | 7,040 EGP |
Tax Advisor | 9,580 EGP |
Tax Analyst | 9,230 EGP |
Tax Associate | 5,410 EGP |
Tax Consultant | 10,300 EGP |
Tax Director | 14,400 EGP |
Tax Examiner | 6,710 EGP |
Tax Manager | 13,000 EGP |
Tax Research Manager | 12,600 EGP |
Teller | 3,910 EGP |
Treasury Accountant | 6,640 EGP |
Treasury Analyst | 10,200 EGP |
Underwriter | 4,320 EGP |
Underwriting Assistant | 4,330 EGP |
Vice President of Finance | 17,200 EGP |
Accounting and Finance Jobs Pay Scale and Salaries in Egypt
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/median-and-salary-distribution-monthly-egypt-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
9,810 EGP or more
10% of people earn
8,310 to 9,810 EGP
20% of people earn
5,000 EGP or less
65% of people earn
5,000 to 8,310 EGP
Minimum Salary 3,830 EGP |
Median 8,610 EGP |
Maximum 19,000 EGP |
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 Egypt range from 3,830 EGP (starting average salary) to 19,000 EGP (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 8,610 EGP, implying that half of the workforce in Egypt 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 Egypt earn less than 6,740 EGP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 10,400 EGP, 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 Egypt. The analysis revealed that roughly 65% of all reported salaries fell within the range of 5,000 EGP to 8,310 EGP. Approximately 20% of salaries were below the 5,000 EGP mark, while 10% ranged from 8,310 EGP to 9,810 EGP. Only 5% of individuals earned a gross salary of 9,810 EGP 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 Egypt 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 Egypt, 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 Egypt costs anywhere from 46,200 EGP to 138,000 EGP 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 / Egypt
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/salary-comparison-by-gender-monthly-egypt-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 Egypt, the average difference between the salary of male and female employees is 19%.
Male | | 10,400 EGP |
Female | -16% | 8,750 EGP |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Egypt for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/salary-comparison-by-gender-monthly-egypt.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Egypt
How much are annual salary increments in Egypt for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Egypt are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/annual-salary-increment-rate-egypt-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.
Egypt / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/annual-salary-increment-rate-egypt.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 Egypt is 6%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Accounting and Finance / Egypt
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/annual-salary-bonus-rate-egypt-accounting-and-finance.jpg
24% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 76% 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 | | 76% |
No Bonus | | 24% |
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 / Egypt
55 EGP
per hour The average hourly wage (pay per hour) in Accounting and Finance in Egypt is 55 EGP.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 Egypt is 22 EGP. 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 Egypt is 6% on average across all career fields.
Private Sector | | 8,930 EGP |
Public Sector | +6% | 9,480 EGP |
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 Egypt?
A good and competitive compensation would range anywhere between 8,610 EGP and 10,400 EGP. 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 Egypt ranges from 3,830 EGP to 6,740 EGP. 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