Accountant Average Salary in Munchen 2024
How much money does a person working as Accountant make in Munchen?
LOW
1,290
EUR AVERAGE
2,740
EUR HIGH
4,340
EUR
A person working as Accountant in Munchen typically earns around 2,740 EUR. Salaries range from 1,290 EUR (lowest) to 4,340 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Accountant salaries in Munchen vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accountant Pay Scale and Salaries in Munchen
Salary Structure and Pay Scale Comparison
2,580 EUR or more
2,270 to 2,580 EUR
1,580 EUR or less
1,580 to 2,270 EUR
 1,290 EUR |
2,600 EUR |
4,340 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Accountant in Munchen range from 1,290 EUR (starting salary) to 4,340 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 2,600 EUR, half of the professionals who work as Accountant in Munchen earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Accountant in Munchen earn less than 2,110 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,990 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Accountant in Munchen compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,580 EUR to 2,270 EUR. About 20% of salaries are below the 1,580 EUR mark, while 10% fall within the range of 2,270 EUR to 2,580 EUR. Only 5% of individuals have salaries exceeding 2,580 EUR.
Salary Comparison by Years of Experience / Accountant / Munchen
How do experience and age affect pay?
| 0 - 2 Years | 1,490 EUR | |
| 2 - 5 Years | +38% | 2,050 EUR |
| 5 - 10 Years | +42% | 2,920 EUR |
| 10 - 15 Years | +22% | 3,560 EUR |
| 15 - 20 Years | +6% | 3,760 EUR |
| 20+ Years | +9% | 4,090 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Accountant and this is what we found.
Employees with less than two years of experience earn approximately 1,490 EUR.
While someone with an experience level between two and five years is expected to earn 2,050 EUR, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,920 EUR, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,560 EUR, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 3,760 EUR, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 4,090 EUR, 9% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Accountant / Munchen
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Accountant.
| High School | 1,840 EUR | |
| Certificate or Diploma | +17% | 2,140 EUR |
| Bachelor's Degree | +45% | 3,120 EUR |
| Master's Degree | +31% | 4,090 EUR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Accountant in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 1,840 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,140 EUR, 17% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 3,120 EUR, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 4,090 EUR, 31% more than the previous level.
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 Germany costs anywhere from 19,100 EUR to 57,400 EUR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you 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 the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Accountant / Munchen
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Accountant in Germany, the average difference between the salary of male and female employees is 6%.
| Male | 2,570 EUR | |
| Female | -6% | 2,430 EUR |
Salary Comparison By Gender in Germany for all Careers
Average Annual Salary Increment Percentage / Accountant / Munchen
How much are annual salary increments in Munchen for individuals working as Accountant? How often do employees get salary raises?
Individuals working as Accountant in Germany are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
Germany / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Accountant / Germany
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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: | Example: |
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.
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.
Average Hourly Wage / Accountant / Munchen
16 EUR per hourThe average hourly wage (pay per hour) for individuals working as Accountant in Munchen is 16 EUR.This is the rate they get paid for every worked hour.
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 as Accountant in Munchen is 7 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 2,060 EUR | -25% |
| Account Executive | 3,790 EUR |  +38% |
| Accountant | 2,740 EUR | -0% |
| Accounting Analyst | 3,590 EUR | +31% |
| Accounting Assistant | 2,110 EUR | -23% |
| Accounting Associate | 2,020 EUR | -26% |
| Accounting Clerk | 1,720 EUR | -37% |
| Accounting Coordinator | 2,480 EUR | -10% |
| Accounting Head | 6,000 EUR | +120% |
| Accounting Manager | 6,240 EUR | +130% |
| Accounting Officer | 2,130 EUR | -22% |
| Accounting Specialist | 3,830 EUR | +40% |
| Accounting Supervisor | 4,110 EUR | +50% |
| Accounting Technician | 2,040 EUR | -26% |
| Accounting Unit Controller | 4,810 EUR | +75% |
| Accounts Executive | 3,600 EUR | +31% |
| Accounts Officer | 2,170 EUR | -21% |
| Accounts Payable and Receivable Specialist | 2,880 EUR | +5% |
| Accounts Payable Assistant | 2,370 EUR | -14% |
| Accounts Payable Associate | 2,510 EUR | -9% |
| Accounts Payable Clerk | 2,150 EUR | -22% |
| Accounts Payable Manager | 5,600 EUR | +100% |
| Accounts Receivable Administrator | 4,290 EUR | +56% |
| Accounts Receivable Clerk | 2,070 EUR | -25% |
| Accounts Receivable Financial Analyst | 3,980 EUR | +45% |
| Accounts Receivable Manager | 5,310 EUR | +94% |
| Accounts Receivable Team Leader | 4,080 EUR | +49% |
| Algorithmic Trading Specialist | 4,970 EUR | +81% |
| Assistant Accountant | 2,170 EUR | -21% |
| Assistant Accounting Manager | 5,290 EUR | +93% |
| Assistant Auditor | 2,860 EUR | +4% |
| Assistant Corporate Controller | 3,900 EUR | +42% |
| Assistant Finance Manager | 6,140 EUR | +120% |
| Assistant Financial Controller | 3,970 EUR | +45% |
| Audit Director | 6,460 EUR | +140% |
| Audit Supervisor | 5,050 EUR | +84% |
| Auditing Clerk | 2,170 EUR | -21% |
| Auditing Manager | 5,920 EUR | +120% |
| Billing Clerk | 2,240 EUR | -18% |
| Billing Coordinator | 2,630 EUR | -4% |
| Billing Specialist | 2,980 EUR | +9% |
| Billing Supervisor | 4,550 EUR | +66% |
| Bookkeeper | 1,920 EUR | -30% |
| Bookkeeping Specialist | 2,780 EUR | +1% |
| Budget Analyst | 4,940 EUR | +80% |
| Budget Manager | 5,810 EUR | +110% |
| Business Support Analyst | 3,230 EUR | +18% |
| Capital Markets Associate | 4,440 EUR | +62% |
| Cash Flow Analyst | 4,180 EUR | +52% |
| Cash Management Manager | 5,370 EUR | +96% |
| Cash Management Officer | 3,390 EUR | +24% |
| Cashbook Clerk | 1,940 EUR | -29% |
| Chartered Accountant | 3,700 EUR | +35% |
| Chief Accountant | 4,230 EUR | +54% |
| Chief Financial Technology Officer | 6,110 EUR | +120% |
| Collections Clerk | 1,740 EUR | -37% |
| Collections Representative | 2,590 EUR | -6% |
| Collections Specialist | 2,990 EUR | +9% |
| Corporate Controller | 4,630 EUR | +69% |
| Corporate Treasurer | 5,600 EUR | +100% |
| Cost Accountant | 2,960 EUR | +8% |
| Cost Accounting Manager | 5,710 EUR | +110% |
| Cost Accounting Supervisor | 4,410 EUR | +61% |
| Cost Analyst | 4,500 EUR | +64% |
| Credit and Collection Manager | 5,630 EUR | +110% |
| Credit and Collection Staff | 2,130 EUR | -22% |
| Credit and Loans Officer | 2,000 EUR | -27% |
| Credit Controller | 4,000 EUR | +46% |
| Credit Manager | 5,670 EUR | +110% |
| Debt Adviser | 4,920 EUR | +79% |
| Debt Collector | 2,350 EUR | -14% |
| Debtors Clerk | 1,940 EUR | -29% |
| Debtors Controller | 2,130 EUR | -22% |
| Deputy CFO | 7,450 EUR | +170% |
| Deputy Head of Finance | 7,950 EUR | +190% |
| Derivative Trader | 5,130 EUR | +87% |
| Director of Finance | 8,380 EUR | +210% |
| E-commerce Accountant | 3,020 EUR | +10% |
| Economist | 6,340 EUR | +130% |
| Equity Analyst | 4,860 EUR | +77% |
| Escrow Assistant | 2,640 EUR | -4% |
| Executive Accountant | 3,250 EUR | +18% |
| External Auditor | 3,910 EUR | +42% |
| Finance Administrator | 3,470 EUR | +26% |
| Finance Analyst | 5,040 EUR | +84% |
| Finance Associate | 2,540 EUR | -7% |
| Finance Data Analyst | 4,500 EUR | +64% |
| Finance Director | 8,460 EUR | +210% |
| Finance Executive | 5,930 EUR | +120% |
| Finance Licensing Clerk | 2,050 EUR | -25% |
| Finance Licensing Manager | 5,310 EUR | +94% |
| Finance Licensing Specialist | 2,960 EUR | +8% |
| Finance Manager | 7,890 EUR | +190% |
| Finance Officer | 2,660 EUR | -3% |
| Finance President | 8,710 EUR | +220% |
| Finance Relationship Manager | 6,540 EUR | +140% |
| Finance Release Analyst | 3,350 EUR | +22% |
| Finance Specialist | 4,580 EUR | +67% |
| Finance Team Leader | 6,190 EUR | +130% |
| Financial Accountant | 2,860 EUR | +4% |
| Financial Actuary | 4,350 EUR | +59% |
| Financial Administrator | 4,590 EUR | +67% |
| Financial Advisor | 4,920 EUR | +79% |
| Financial Analyst | 5,230 EUR | +91% |
| Financial Applications Specialist | 3,530 EUR | +29% |
| Financial Assistant | 2,230 EUR | -19% |
| Financial Associate | 2,310 EUR | -16% |
| Financial Claims Analyst | 3,840 EUR | +40% |
| Financial Claims Manager | 4,990 EUR | +82% |
| Financial Claims Supervisor | 4,550 EUR | +66% |
| Financial Clerk | 2,190 EUR | -20% |
| Financial Commercial Analyst | 4,060 EUR | +48% |
| Financial Compliance Analyst | 4,460 EUR | +63% |
| Financial Compliance Officer | 4,330 EUR | +58% |
| Financial Consultant | 3,880 EUR | +41% |
| Financial Controller | 4,390 EUR | +60% |
| Financial Coordinator | 2,700 EUR | -2% |
| Financial Customer Service Manager | 5,400 EUR | +97% |
| Financial Data Scientist | 5,520 EUR | +100% |
| Financial Dealer and Broker | 3,190 EUR | +16% |
| Financial Director | 8,330 EUR | +200% |
| Financial Encoder | 2,440 EUR | -11% |
| Financial Manager | 7,590 EUR | +180% |
| Financial Modelling Analyst | 5,240 EUR | +91% |
| Financial Operations Manager | 7,450 EUR | +170% |
| Financial Policy Analyst | 4,280 EUR | +56% |
| Financial Project Manager | 5,930 EUR | +120% |
| Financial Quantitative Analyst | 4,830 EUR | +76% |
| Financial Reporting Consultant | 4,300 EUR | +57% |
| Financial Reporting Manager | 5,270 EUR | +92% |
| Financial Section Head | 5,430 EUR | +98% |
| Financial Services Manager | 7,300 EUR | +170% |
| Financial Services Sales Agent | 2,990 EUR | +9% |
| Financial Technology Consultant | 4,500 EUR | +64% |
| Financial Wellness Coach | 5,770 EUR | +110% |
| FinTech Analyst | 4,750 EUR | +73% |
| Fixed Assets Administrator | 3,040 EUR | +11% |
| Forensic Accountant | 3,300 EUR | +20% |
| Fraud Detection Supervisor | 3,580 EUR | +30% |
| Fraud Prevention Manager | 5,820 EUR | +110% |
| Fund Accountant | 2,680 EUR | -2% |
| Grants Coordinator | 2,080 EUR | -24% |
| Green Finance Analyst | 4,120 EUR | +50% |
| Group Financial Manager | 7,810 EUR | +180% |
| Internal Auditor | 3,670 EUR | +34% |
| Internal Control Adviser | 4,570 EUR | +67% |
| Internal Control Officer | 2,490 EUR | -9% |
| International Tax Director | 7,100 EUR | +160% |
| Inventory Accountant | 2,890 EUR | +5% |
| Investment Advisor | 7,360 EUR | +170% |
| Investment Analyst | 5,900 EUR | +120% |
| Investment Associate | 4,770 EUR | +74% |
| Investment Broker | 4,920 EUR | +79% |
| Investment Fund Manager | 6,230 EUR | +130% |
| Investment Operations Manager | 6,430 EUR | +130% |
| Investment Underwriter | 2,330 EUR | -15% |
| Investor | 3,570 EUR | +30% |
| Investor Relations Manager | 5,460 EUR | +99% |
| KYC Team Leader | 5,330 EUR | +94% |
| Loan Processor | 2,380 EUR | -13% |
| Management Accountant | 3,130 EUR | +14% |
| Management Economist | 6,320 EUR | +130% |
| Paymaster | 2,270 EUR | -17% |
| Payroll Administrator | 3,900 EUR | +42% |
| Payroll Benefits Coordinator | 3,250 EUR | +18% |
| Payroll Billing Manager | 5,280 EUR | +92% |
| Payroll Clerk | 2,540 EUR | -7% |
| Payroll Manager | 5,220 EUR | +90% |
| Payroll Officer | 2,470 EUR | -10% |
| Payroll Specialist | 2,900 EUR | +6% |
| Payroll Supervisor | 3,580 EUR | +30% |
| Pensions Administrator | 2,870 EUR | +5% |
| Personal Financial Advisor | 4,130 EUR | +51% |
| Pricing Analyst | 4,740 EUR | +73% |
| Private Equity Analyst | 4,930 EUR | +80% |
| Project Accountant | 2,930 EUR | +7% |
| Proposal Development Coordinator | 2,410 EUR | -12% |
| Quantitative Trader | 3,990 EUR | +45% |
| Receivables Accountant | 2,620 EUR | -5% |
| Regulatory Accountant | 3,170 EUR | +16% |
| Retirement Plan Analyst | 4,630 EUR | +69% |
| Revenue Management Specialist | 4,730 EUR | +72% |
| Revenue Recognition Analyst | 5,030 EUR | +83% |
| Risk Management Director | 6,930 EUR | +150% |
| Risk Management Supervisor | 5,600 EUR | +100% |
| Staff Accountant | 2,720 EUR | -1% |
| Tax Accountant | 2,810 EUR | +2% |
| Tax Administrator | 3,200 EUR | +17% |
| Tax Advisor | 4,430 EUR | +61% |
| Tax Analyst | 4,360 EUR | +59% |
| Tax Associate | 2,480 EUR | -10% |
| Tax Consultant | 4,460 EUR | +63% |
| Tax Director | 6,360 EUR | +130% |
| Tax Examiner | 3,090 EUR | +13% |
| Tax Manager | 5,680 EUR | +110% |
| Tax Research Manager | 5,580 EUR | +100% |
| Teller | 1,770 EUR | -35% |
| Treasury Accountant | 2,970 EUR | +8% |
| Treasury Analyst | 4,530 EUR | +65% |
| Underwriter | 2,020 EUR | -26% |
| Underwriting Assistant | 1,860 EUR | -32% |
| Vice President of Finance | 7,960 EUR | +190% |
Salary Comparison By City
| City | Average Salary |
| Berlin | 2,860 EUR |
| Dortmund | 2,380 EUR |
| Frankfurt | 2,630 EUR |
| Hamburg | 2,800 EUR |
| Munchen | 2,740 EUR |
| Stuttgart | 2,530 EUR |
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 Germany is 5% on average across all career fields.
| Private Sector | 3,740 EUR | |
| Public Sector | +5% | 3,910 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Accountant in Munchen?
A good and competitive compensation would range anywhere between 2,600 EUR and 2,990 EUR. 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 a careers like Accountant in Munchen ranges from 1,290 EUR to 2,110 EUR. 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
