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Accounting and Finance Average Salaries in Ireland 2020

How much money does a person working in Accounting and Finance make in Ireland?


Average Yearly Salary
39,600 EUR
( 3,300 EUR monthly)

LOW
16,000
EUR
AVERAGE
39,600
EUR
HIGH
79,600
EUR

A person working in Accounting and Finance in Ireland typically earns around 39,600 EUR per year. Salaries range from 16,000 EUR (lowest average) to 79,600 EUR (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner20,500 EUR
Account Executive36,600 EUR
Accountant28,800 EUR
Accounting Assistant22,600 EUR
Accounting Associate19,500 EUR
Accounting Clerk17,100 EUR
Accounting Coordinator24,600 EUR
Accounting Manager57,200 EUR
Accounting Supervisor37,500 EUR
Accounting Technician20,500 EUR
Accounts Executive35,100 EUR
Accounts Payable and Receivable Specialist29,700 EUR
Accounts Payable Clerk20,100 EUR
Accounts Payable Manager53,700 EUR
Accounts Receivable Clerk20,300 EUR
Accounts Receivable Manager53,300 EUR
Assistant Accounting Manager53,800 EUR
Assistant Auditor27,700 EUR
Audit Supervisor51,100 EUR
Auditing Clerk22,000 EUR
Auditing Manager59,200 EUR
Billing Coordinator25,000 EUR
Billing Specialist29,900 EUR
Billing Supervisor44,000 EUR
Bookkeeper19,000 EUR
Bookkeeping Specialist27,900 EUR
Budget Analyst49,900 EUR
Budget Manager59,900 EUR
Business Support Analyst31,200 EUR
Capital Markets Associate42,500 EUR
Cash Flow Analyst44,000 EUR
Cash Management Officer33,800 EUR
Cashbook Clerk19,100 EUR
Chartered Accountant37,700 EUR
Collections Clerk17,700 EUR
Collections Specialist27,800 EUR
Corporate Treasurer52,200 EUR
Cost Accountant28,800 EUR
Cost Accounting Manager54,400 EUR
Cost Analyst43,800 EUR
Credit and Collection Manager58,100 EUR
Credit and Collection Staff20,900 EUR
Credit and Loans Officer20,000 EUR
Credit Controller39,100 EUR
Debt Adviser45,600 EUR
Debt Collector22,300 EUR
Debtors Clerk19,200 EUR
Deputy CFO80,300 EUR
Derivative Trader46,800 EUR
Escrow Assistant24,800 EUR
External Auditor40,000 EUR
Finance Associate24,100 EUR
Finance Executive60,600 EUR
Finance Licensing Clerk20,800 EUR
Finance Licensing Manager55,200 EUR
Finance Licensing Specialist31,400 EUR
Finance Officer27,600 EUR
Finance President86,900 EUR
Finance Relationship Manager63,700 EUR
Finance Release Analyst33,100 EUR
Finance Team Leader 61,600 EUR
Financial Actuary43,500 EUR
Financial Administrator48,400 EUR
Financial Analyst51,100 EUR
Financial Applications Specialist34,900 EUR
Financial Assistant22,600 EUR
Financial Associate23,700 EUR
Financial Claims Analyst36,200 EUR
Financial Claims Manager48,100 EUR
Financial Commercial Analyst42,500 EUR
Financial Compliance Analyst45,100 EUR
Financial Consultant39,500 EUR
Financial Controller44,700 EUR
Financial Coordinator24,700 EUR
Financial Customer Service Manager50,900 EUR
Financial Dealer and Broker30,500 EUR
Financial Encoder23,600 EUR
Financial Manager75,200 EUR
Financial Manager77,500 EUR
Financial Operations Manager73,600 EUR
Financial Policy Analyst45,800 EUR
Financial Project Manager56,500 EUR
Financial Quantitative Analyst50,600 EUR
Financial Reporting Consultant39,200 EUR
Financial Reporting Manager56,500 EUR
Financial Services Sales Agent29,600 EUR
Fixed Assets Administrator30,000 EUR
Forensic Accountant32,100 EUR
Fraud Detection Supervisor34,500 EUR
Fraud Prevention Manager57,300 EUR
Fund Accountant26,900 EUR
Grants Coordinator20,000 EUR
Internal Auditor38,300 EUR
Internal Control Adviser44,000 EUR
Internal Control Officer24,500 EUR
Inventory Accountant30,000 EUR
Investment Analyst56,100 EUR
Investment Fund Manager63,600 EUR
Investment Underwriter24,300 EUR
Investor38,300 EUR
Investor Relations Manager54,200 EUR
KYC Team Leader57,100 EUR
Management Economist62,700 EUR
Paymaster23,800 EUR
Payroll Clerk25,400 EUR
Payroll Manager53,600 EUR
Pensions Administrator28,500 EUR
Pricing Analyst48,600 EUR
Private Equity Analyst51,200 EUR
Proposal Development Coordinator23,900 EUR
Receivables Accountant26,600 EUR
Regulatory Accountant31,000 EUR
Retirement Plan Analyst44,600 EUR
Revenue Management Specialist46,500 EUR
Revenue Recognition Analyst51,300 EUR
Risk Management Director65,000 EUR
Risk Management Supervisor53,700 EUR
Tax Accountant27,200 EUR
Tax Advisor45,200 EUR
Tax Associate24,500 EUR
Tax Manager55,600 EUR
Teller16,400 EUR
Treasury Accountant29,500 EUR
Treasury Analyst45,400 EUR
Underwriter19,200 EUR
Underwriting Assistant18,100 EUR
Vice President of Finance76,600 EUR

Accounting and Finance Jobs Salary Distribution in Ireland

Median and salary distribution yearly Ireland Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Ireland range from 16,000 EUR per year (minimum average salary) to 79,600 EUR per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 37,200 EUR per year, which means that half (50%) of people working in Accounting and Finance are earning less than 37,200 EUR while the other half are earning more than 37,200 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Accounting and Finance are earning less than 24,000 EUR while 75% of them are earning more than 24,000 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 54,900 EUR while 25% are earning more than 54,900 EUR.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

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 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.


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.

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.

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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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 degrees levels across many jobs, below are our findings.


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.

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 cerificate 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 Ireland costs anywhere from 16,000 Euro(s) to 48,100 Euro(s) 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 into 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 your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender yearly Ireland Accounting and Finance
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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? Male employees in Ireland who work in Accounting and Finance earn 5% more than their female counterparts on average.

Male
40,600 EUR
Female-5%
38,500 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ireland for all Careers

Salary comparison by gender yearly Ireland
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Accounting and Finance Average Annual Salary Increment Percentage in Ireland

How much are annual salary increments in Ireland for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Ireland are likely to observe a salary increase of approximately 11% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Ireland 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.

Ireland / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Ireland is 7%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Ireland for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Accounting and Finance Bonus and Incentive Rates in Ireland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ireland Accounting and Finance
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Accounting and Finance is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

25% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 75% 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
75%
No Bonus
25%

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.

Accounting and Finance Hourly Average Wage in Ireland


19 EUR per hour

The average hourly wage (pay per hour) in Ireland is 19 EUR. This means that the average person in Ireland earns approximately 19 EUR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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 fix 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance yearly Ireland
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The average salary for Accounting and Finance is 3% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Cork44,400 EUR
Dublin46,500 EUR
Galway40,200 EUR
Limerick42,800 EUR
Waterford38,200 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Ireland earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
37,600 EUR
Public Sector+5%
39,300 EUR
Percentage increase and decrease are relative to the previous value

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