Accountant Average Salary in Frankfurt 2024
How much money does a person working as Accountant make in Frankfurt?
LOW
1,290
EUR AVERAGE
2,630
EUR HIGH
4,110
EUR
A person working as Accountant in Frankfurt typically earns around 2,630 EUR. Salaries range from 1,290 EUR (lowest) to 4,110 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Accountant salaries in Frankfurt 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 Frankfurt
Salary Structure and Pay Scale Comparison
2,440 EUR or more
2,160 to 2,440 EUR
1,530 EUR or less
1,530 to 2,160 EUR
 1,290 EUR |
2,460 EUR |
4,110 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 Frankfurt range from 1,290 EUR (starting salary) to 4,110 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 2,460 EUR, half of the professionals who work as Accountant in Frankfurt 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 Frankfurt earn less than 2,010 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,810 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 Frankfurt compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,530 EUR to 2,160 EUR. About 20% of salaries are below the 1,530 EUR mark, while 10% fall within the range of 2,160 EUR to 2,440 EUR. Only 5% of individuals have salaries exceeding 2,440 EUR.
Salary Comparison by Years of Experience / Accountant / Frankfurt
How do experience and age affect pay?
| 0 - 2 Years | 1,530 EUR | |
| 2 - 5 Years | +28% | 1,970 EUR |
| 5 - 10 Years | +38% | 2,710 EUR |
| 10 - 15 Years | +24% | 3,360 EUR |
| 15 - 20 Years | +7% | 3,600 EUR |
| 20+ Years | +7% | 3,840 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 1,530 EUR.
While someone with an experience level between two and five years is expected to earn 1,970 EUR, 28% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,710 EUR, 38% 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 3,360 EUR, 24% 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 3,600 EUR, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,840 EUR, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Accountant / Frankfurt
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Accountant.
| High School | 1,910 EUR | |
| Certificate or Diploma | +15% | 2,190 EUR |
| Bachelor's Degree | +35% | 2,950 EUR |
| Master's Degree | +26% | 3,710 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 1,910 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,190 EUR, 15% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 2,950 EUR, 35% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 3,710 EUR, 26% 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 / Frankfurt
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 / Frankfurt
How much are annual salary increments in Frankfurt 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 / Frankfurt
15 EUR per hourThe average hourly wage (pay per hour) for individuals working as Accountant in Frankfurt is 15 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 Frankfurt 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 | 2,120 EUR | -20% |
| Account Executive | 3,420 EUR |  +30% |
| Accountant | 2,630 EUR | -0% |
| Accounting Analyst | 3,510 EUR | +33% |
| Accounting Assistant | 2,030 EUR | -23% |
| Accounting Associate | 2,050 EUR | -22% |
| Accounting Clerk | 1,660 EUR | -37% |
| Accounting Coordinator | 2,540 EUR | -4% |
| Accounting Head | 5,420 EUR | +110% |
| Accounting Manager | 6,030 EUR | +130% |
| Accounting Officer | 2,090 EUR | -21% |
| Accounting Specialist | 3,750 EUR | +42% |
| Accounting Supervisor | 3,800 EUR | +44% |
| Accounting Technician | 1,950 EUR | -26% |
| Accounting Unit Controller | 4,710 EUR | +79% |
| Accounts Executive | 3,340 EUR | +27% |
| Accounts Officer | 2,140 EUR | -19% |
| Accounts Payable and Receivable Specialist | 2,880 EUR | +9% |
| Accounts Payable Assistant | 2,240 EUR | -15% |
| Accounts Payable Associate | 2,550 EUR | -3% |
| Accounts Payable Clerk | 2,080 EUR | -21% |
| Accounts Payable Manager | 5,430 EUR | +110% |
| Accounts Receivable Administrator | 3,970 EUR | +51% |
| Accounts Receivable Clerk | 2,010 EUR | -24% |
| Accounts Receivable Financial Analyst | 3,860 EUR | +47% |
| Accounts Receivable Manager | 5,170 EUR | +96% |
| Accounts Receivable Team Leader | 3,970 EUR | +51% |
| Algorithmic Trading Specialist | 4,980 EUR | +89% |
| Assistant Accountant | 2,100 EUR | -20% |
| Assistant Accounting Manager | 5,020 EUR | +91% |
| Assistant Auditor | 2,800 EUR | +6% |
| Assistant Corporate Controller | 3,900 EUR | +48% |
| Assistant Finance Manager | 5,610 EUR | +110% |
| Assistant Financial Controller | 3,590 EUR | +36% |
| Audit Director | 6,330 EUR | +140% |
| Audit Supervisor | 4,960 EUR | +88% |
| Auditing Clerk | 2,140 EUR | -19% |
| Auditing Manager | 5,860 EUR | +120% |
| Billing Clerk | 2,070 EUR | -21% |
| Billing Coordinator | 2,430 EUR | -8% |
| Billing Specialist | 2,790 EUR | +6% |
| Billing Supervisor | 4,110 EUR | +56% |
| Bookkeeper | 1,740 EUR | -34% |
| Bookkeeping Specialist | 2,660 EUR | +1% |
| Budget Analyst | 4,940 EUR | +88% |
| Budget Manager | 5,830 EUR | +120% |
| Business Support Analyst | 3,160 EUR | +20% |
| Capital Markets Associate | 3,970 EUR | +51% |
| Cash Flow Analyst | 4,200 EUR | +59% |
| Cash Management Manager | 5,410 EUR | +110% |
| Cash Management Officer | 3,090 EUR | +17% |
| Cashbook Clerk | 1,820 EUR | -31% |
| Chartered Accountant | 3,380 EUR | +28% |
| Chief Accountant | 4,190 EUR | +59% |
| Chief Financial Technology Officer | 5,770 EUR | +120% |
| Collections Clerk | 1,650 EUR | -37% |
| Collections Representative | 2,340 EUR | -11% |
| Collections Specialist | 2,760 EUR | +5% |
| Corporate Controller | 4,330 EUR | +64% |
| Corporate Treasurer | 5,170 EUR | +96% |
| Cost Accountant | 2,800 EUR | +6% |
| Cost Accounting Manager | 5,290 EUR | +100% |
| Cost Accounting Supervisor | 4,300 EUR | +63% |
| Cost Analyst | 4,170 EUR | +58% |
| Credit and Collection Manager | 5,650 EUR | +110% |
| Credit and Collection Staff | 2,070 EUR | -21% |
| Credit and Loans Officer | 2,060 EUR | -22% |
| Credit Controller | 3,950 EUR | +50% |
| Credit Manager | 5,840 EUR | +120% |
| Debt Adviser | 4,340 EUR | +65% |
| Debt Collector | 2,300 EUR | -13% |
| Debtors Clerk | 1,910 EUR | -27% |
| Debtors Controller | 2,090 EUR | -21% |
| Deputy CFO | 7,510 EUR | +190% |
| Deputy Head of Finance | 7,270 EUR | +180% |
| Derivative Trader | 4,730 EUR | +80% |
| Director of Finance | 8,120 EUR | +210% |
| E-commerce Accountant | 2,760 EUR | +5% |
| Economist | 6,250 EUR | +140% |
| Equity Analyst | 4,840 EUR | +84% |
| Escrow Assistant | 2,460 EUR | -7% |
| Executive Accountant | 3,150 EUR | +20% |
| External Auditor | 3,890 EUR | +48% |
| Finance Administrator | 3,060 EUR | +16% |
| Finance Analyst | 5,010 EUR | +90% |
| Finance Associate | 2,480 EUR | -6% |
| Finance Data Analyst | 4,370 EUR | +66% |
| Finance Director | 8,280 EUR | +210% |
| Finance Executive | 5,890 EUR | +120% |
| Finance Licensing Clerk | 1,940 EUR | -26% |
| Finance Licensing Manager | 5,050 EUR | +92% |
| Finance Licensing Specialist | 3,110 EUR | +18% |
| Finance Manager | 7,740 EUR | +190% |
| Finance Officer | 2,520 EUR | -4% |
| Finance President | 7,960 EUR | +200% |
| Finance Relationship Manager | 6,060 EUR | +130% |
| Finance Release Analyst | 3,030 EUR | +15% |
| Finance Specialist | 4,500 EUR | +71% |
| Finance Team Leader | 6,350 EUR | +140% |
| Financial Accountant | 2,800 EUR | +6% |
| Financial Actuary | 4,310 EUR | +64% |
| Financial Administrator | 4,610 EUR | +75% |
| Financial Advisor | 4,860 EUR | +85% |
| Financial Analyst | 5,160 EUR | +96% |
| Financial Applications Specialist | 3,460 EUR | +31% |
| Financial Assistant | 2,190 EUR | -17% |
| Financial Associate | 2,510 EUR | -5% |
| Financial Claims Analyst | 3,520 EUR | +34% |
| Financial Claims Manager | 5,060 EUR | +92% |
| Financial Claims Supervisor | 4,630 EUR | +76% |
| Financial Clerk | 2,100 EUR | -20% |
| Financial Commercial Analyst | 3,890 EUR | +48% |
| Financial Compliance Analyst | 4,390 EUR | +67% |
| Financial Compliance Officer | 4,210 EUR | +60% |
| Financial Consultant | 3,550 EUR | +35% |
| Financial Controller | 4,220 EUR | +60% |
| Financial Coordinator | 2,600 EUR | -1% |
| Financial Customer Service Manager | 5,040 EUR | +91% |
| Financial Data Scientist | 4,870 EUR | +85% |
| Financial Dealer and Broker | 2,850 EUR | +8% |
| Financial Director | 8,350 EUR | +220% |
| Financial Encoder | 2,380 EUR | -10% |
| Financial Manager | 7,990 EUR | +200% |
| Financial Modelling Analyst | 5,110 EUR | +94% |
| Financial Operations Manager | 6,730 EUR | +160% |
| Financial Policy Analyst | 4,110 EUR | +56% |
| Financial Project Manager | 5,490 EUR | +110% |
| Financial Quantitative Analyst | 4,640 EUR | +76% |
| Financial Reporting Consultant | 3,970 EUR | +51% |
| Financial Reporting Manager | 5,070 EUR | +92% |
| Financial Section Head | 5,380 EUR | +100% |
| Financial Services Manager | 7,150 EUR | +170% |
| Financial Services Sales Agent | 2,880 EUR | +9% |
| Financial Technology Consultant | 4,410 EUR | +67% |
| Financial Wellness Coach | 5,660 EUR | +110% |
| FinTech Analyst | 4,680 EUR | +78% |
| Fixed Assets Administrator | 2,750 EUR | +4% |
| Forensic Accountant | 3,060 EUR | +16% |
| Fraud Detection Supervisor | 3,350 EUR | +27% |
| Fraud Prevention Manager | 5,450 EUR | +110% |
| Fund Accountant | 2,510 EUR | -5% |
| Grants Coordinator | 2,110 EUR | -20% |
| Green Finance Analyst | 4,060 EUR | +54% |
| Group Financial Manager | 8,040 EUR | +210% |
| Internal Auditor | 3,650 EUR | +39% |
| Internal Control Adviser | 4,270 EUR | +62% |
| Internal Control Officer | 2,330 EUR | -12% |
| International Tax Director | 6,710 EUR | +150% |
| Inventory Accountant | 2,750 EUR | +4% |
| Investment Advisor | 7,650 EUR | +190% |
| Investment Analyst | 5,560 EUR | +110% |
| Investment Associate | 4,730 EUR | +80% |
| Investment Broker | 4,650 EUR | +77% |
| Investment Fund Manager | 6,180 EUR | +130% |
| Investment Operations Manager | 6,090 EUR | +130% |
| Investment Underwriter | 2,320 EUR | -12% |
| Investor | 3,440 EUR | +31% |
| Investor Relations Manager | 5,260 EUR | +100% |
| KYC Team Leader | 5,130 EUR | +95% |
| Loan Processor | 2,210 EUR | -16% |
| Management Accountant | 3,010 EUR | +14% |
| Management Economist | 6,090 EUR | +130% |
| Paymaster | 2,180 EUR | -17% |
| Payroll Administrator | 3,720 EUR | +41% |
| Payroll Benefits Coordinator | 3,140 EUR | +19% |
| Payroll Billing Manager | 5,100 EUR | +94% |
| Payroll Clerk | 2,420 EUR | -8% |
| Payroll Manager | 5,000 EUR | +90% |
| Payroll Officer | 2,400 EUR | -9% |
| Payroll Specialist | 2,820 EUR | +7% |
| Payroll Supervisor | 3,440 EUR | +31% |
| Pensions Administrator | 2,770 EUR | +5% |
| Personal Financial Advisor | 4,240 EUR | +61% |
| Pricing Analyst | 4,540 EUR | +72% |
| Private Equity Analyst | 4,680 EUR | +78% |
| Project Accountant | 2,820 EUR | +7% |
| Proposal Development Coordinator | 2,330 EUR | -12% |
| Quantitative Trader | 3,880 EUR | +47% |
| Receivables Accountant | 2,480 EUR | -6% |
| Regulatory Accountant | 3,130 EUR | +19% |
| Retirement Plan Analyst | 4,330 EUR | +64% |
| Revenue Management Specialist | 4,430 EUR | +68% |
| Revenue Recognition Analyst | 5,180 EUR | +97% |
| Risk Management Director | 6,710 EUR | +150% |
| Risk Management Supervisor | 5,430 EUR | +110% |
| Staff Accountant | 2,690 EUR | +2% |
| Tax Accountant | 2,540 EUR | -4% |
| Tax Administrator | 2,920 EUR | +11% |
| Tax Advisor | 4,060 EUR | +54% |
| Tax Analyst | 3,990 EUR | +51% |
| Tax Associate | 2,240 EUR | -15% |
| Tax Consultant | 4,520 EUR | +72% |
| Tax Director | 6,470 EUR | +150% |
| Tax Examiner | 2,960 EUR | +12% |
| Tax Manager | 5,520 EUR | +110% |
| Tax Research Manager | 5,430 EUR | +110% |
| Teller | 1,560 EUR | -41% |
| Treasury Accountant | 2,870 EUR | +9% |
| Treasury Analyst | 4,410 EUR | +67% |
| Underwriter | 1,870 EUR | -29% |
| Underwriting Assistant | 1,720 EUR | -35% |
| Vice President of Finance | 7,450 EUR | +180% |
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 Frankfurt?
A good and competitive compensation would range anywhere between 2,460 EUR and 2,810 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 Frankfurt ranges from 1,290 EUR to 2,010 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
