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Accounting and Finance Average Salaries in Egypt 2024

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

Job TitleAverage Salary
Accounting and Finance
Account Examiner4,720 EGP
Account Executive8,410 EGP
Accountant6,350 EGP
Accounting Analyst7,810 EGP
Accounting Assistant4,790 EGP
Accounting Associate4,650 EGP
Accounting Clerk3,850 EGP
Accounting Coordinator5,660 EGP
Accounting Head13,300 EGP
Accounting Manager13,700 EGP
Accounting Officer4,550 EGP
Accounting Specialist8,870 EGP
Accounting Supervisor9,140 EGP
Accounting Technician4,430 EGP
Accounting Unit Controller10,300 EGP
Accounts Executive8,380 EGP
Accounts Officer4,950 EGP
Accounts Payable and Receivable Specialist6,670 EGP
Accounts Payable Assistant5,180 EGP
Accounts Payable Associate5,680 EGP
Accounts Payable Clerk4,620 EGP
Accounts Payable Manager13,100 EGP
Accounts Receivable Administrator9,370 EGP
Accounts Receivable Clerk4,750 EGP
Accounts Receivable Financial Analyst9,280 EGP
Accounts Receivable Manager12,000 EGP
Accounts Receivable Team Leader9,370 EGP
Algorithmic Trading Specialist11,500 EGP
Assistant Accountant5,060 EGP
Assistant Accounting Manager12,300 EGP
Assistant Auditor6,100 EGP
Assistant Corporate Controller8,350 EGP
Assistant Finance Manager13,500 EGP
Assistant Financial Controller8,660 EGP
Audit Director15,000 EGP
Audit Supervisor11,500 EGP
Auditing Clerk4,950 EGP
Auditing Manager13,800 EGP
Billing Clerk4,890 EGP
Billing Coordinator5,630 EGP
Billing Specialist6,870 EGP
Billing Supervisor10,100 EGP
Bookkeeper4,190 EGP
Bookkeeping Specialist6,040 EGP
Budget Analyst10,600 EGP
Budget Manager13,500 EGP
Business Support Analyst6,880 EGP
Capital Markets Associate9,760 EGP
Cash Flow Analyst9,530 EGP
Cash Management Manager12,000 EGP
Cash Management Officer7,450 EGP
Cashbook Clerk4,120 EGP
Chartered Accountant7,990 EGP
Chief Accountant9,890 EGP
Chief Financial Technology Officer13,400 EGP
Collections Clerk4,060 EGP
Collections Representative5,750 EGP
Collections Specialist6,520 EGP
Corporate Controller10,000 EGP
Corporate Treasurer12,200 EGP
Cost Accountant6,480 EGP
Cost Accounting Manager12,200 EGP
Cost Accounting Supervisor9,950 EGP
Cost Analyst10,500 EGP
Credit and Collection Manager13,100 EGP
Credit and Collection Staff4,890 EGP
Credit and Loans Officer4,580 EGP
Credit Controller8,620 EGP
Credit Manager12,700 EGP
Debt Adviser10,900 EGP
Debt Collector5,120 EGP
Debtors Clerk4,500 EGP
Debtors Controller4,550 EGP
Deputy CFO16,700 EGP
Deputy Head of Finance17,200 EGP
Derivative Trader11,400 EGP
Director of Finance19,600 EGP
E-commerce Accountant6,520 EGP
Economist14,200 EGP
Equity Analyst11,000 EGP
Escrow Assistant5,820 EGP
Executive Accountant7,000 EGP
External Auditor9,000 EGP
Finance Administrator7,680 EGP
Finance Analyst11,600 EGP
Finance Associate5,520 EGP
Finance Data Analyst10,300 EGP
Finance Director18,100 EGP
Finance Executive13,600 EGP
Finance Licensing Clerk4,760 EGP
Finance Licensing Manager12,200 EGP
Finance Licensing Specialist6,650 EGP
Finance Manager18,300 EGP
Finance Officer6,090 EGP
Finance President19,200 EGP
Finance Relationship Manager15,200 EGP
Finance Release Analyst7,310 EGP
Finance Specialist10,400 EGP
Finance Team Leader 14,100 EGP
Financial Accountant6,100 EGP
Financial Actuary10,200 EGP
Financial Administrator10,500 EGP
Financial Advisor11,000 EGP
Financial Analyst11,300 EGP
Financial Applications Specialist8,170 EGP
Financial Assistant5,080 EGP
Financial Associate4,920 EGP
Financial Associate6,180 EGP
Financial Claims Analyst8,140 EGP
Financial Claims Manager11,500 EGP
Financial Claims Supervisor10,300 EGP
Financial Clerk4,660 EGP
Financial Commercial Analyst9,380 EGP
Financial Compliance Analyst10,200 EGP
Financial Compliance Officer9,760 EGP
Financial Consultant8,390 EGP
Financial Controller9,660 EGP
Financial Controller9,980 EGP
Financial Coordinator5,910 EGP
Financial Customer Service Manager11,900 EGP
Financial Data Scientist12,200 EGP
Financial Dealer and Broker7,010 EGP
Financial Director19,300 EGP
Financial Encoder5,200 EGP
Financial Manager16,900 EGP
Financial Manager17,800 EGP
Financial Modelling Analyst11,400 EGP
Financial Operations Manager16,200 EGP
Financial Policy Analyst9,720 EGP
Financial Project Manager12,700 EGP
Financial Quantitative Analyst11,200 EGP
Financial Reporting Consultant9,570 EGP
Financial Reporting Manager12,000 EGP
Financial Section Head12,700 EGP
Financial Services Manager15,600 EGP
Financial Services Sales Agent6,670 EGP
Financial Technology Consultant9,610 EGP
Financial Wellness Coach13,400 EGP
FinTech Analyst10,800 EGP
Fixed Assets Administrator6,630 EGP
Forensic Accountant7,680 EGP
Fraud Detection Supervisor7,750 EGP
Fraud Prevention Manager12,400 EGP
Fund Accountant6,180 EGP
Grants Coordinator4,790 EGP
Green Finance Analyst9,210 EGP
Group Financial Manager17,500 EGP
Internal Auditor8,280 EGP
Internal Control Adviser9,890 EGP
Internal Control Officer5,280 EGP
International Tax Director15,500 EGP
Inventory Accountant6,630 EGP
Investment Advisor16,700 EGP
Investment Analyst13,100 EGP
Investment Associate11,200 EGP
Investment Broker10,800 EGP
Investment Fund Manager14,300 EGP
Investment Operations Manager13,800 EGP
Investment Underwriter5,260 EGP
Investor8,120 EGP
Investor Relations Manager12,200 EGP
KYC Team Leader12,100 EGP
Loan Processor5,110 EGP
Management Accountant7,240 EGP
Management Economist14,100 EGP
Paymaster5,240 EGP
Payroll Administrator8,620 EGP
Payroll Benefits Coordinator7,120 EGP
Payroll Billing Manager11,400 EGP
Payroll Clerk5,500 EGP
Payroll Manager11,100 EGP
Payroll Officer5,770 EGP
Payroll Specialist6,660 EGP
Payroll Supervisor8,280 EGP
Pensions Administrator6,410 EGP
Personal Financial Advisor9,430 EGP
Pricing Analyst10,100 EGP
Private Equity Analyst11,300 EGP
Project Accountant6,660 EGP
Proposal Development Coordinator5,390 EGP
Quantitative Trader9,170 EGP
Receivables Accountant6,100 EGP
Regulatory Accountant6,830 EGP
Retirement Plan Analyst10,000 EGP
Revenue Management Specialist10,000 EGP
Revenue Recognition Analyst11,300 EGP
Risk Management Director14,900 EGP
Risk Management Supervisor13,100 EGP
Staff Accountant6,350 EGP
Tax Accountant6,240 EGP
Tax Administrator7,040 EGP
Tax Advisor9,580 EGP
Tax Analyst9,230 EGP
Tax Associate5,410 EGP
Tax Consultant10,300 EGP
Tax Director14,400 EGP
Tax Examiner6,710 EGP
Tax Manager13,000 EGP
Tax Research Manager12,600 EGP
Teller3,910 EGP
Treasury Accountant6,640 EGP
Treasury Analyst10,200 EGP
Underwriter4,320 EGP
Underwriting Assistant4,330 EGP
Vice President of Finance17,200 EGP


Accounting and Finance Jobs Pay Scale and Salaries in Egypt

Median and salary distribution Egypt Accounting and Finance monthly
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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?

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 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.
* 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 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

Salary comparison by gender Egypt 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 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

Salary comparison by gender monthly Egypt
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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.

Annual Salary Increment Rate Egypt 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.

Egypt / All Professions

Annual Salary Increment Rate Egypt
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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 Egypt 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 / Egypt

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Egypt Accounting and Finance
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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 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 / 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

CityAverage Salary
Alexandria9,230 EGP
Cairo10,200 EGP
Sharm el-Sheikh8,700 EGP

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


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