A person working in Accounting and Finance in Italy typically earns around 3,760 EUR per month. Salaries range from 1,520 EUR (lowest average) to 7,550 EUR (highest average, actual maximum salary is higher).
This is the average monthly 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.
|Job Title||Average Salary|
|Account Examiner||2,010 EUR|
|Account Executive||3,360 EUR|
|Accounting Assistant||2,140 EUR|
|Accounting Associate||1,890 EUR|
|Accounting Clerk||1,620 EUR|
|Accounting Coordinator||2,410 EUR|
|Accounting Manager||5,430 EUR|
|Accounting Supervisor||3,660 EUR|
|Accounting Technician||1,840 EUR|
|Accounts Executive||3,430 EUR|
|Accounts Payable and Receivable Specialist||2,730 EUR|
|Accounts Payable Clerk||1,910 EUR|
|Accounts Payable Manager||5,100 EUR|
|Accounts Receivable Clerk||1,930 EUR|
|Accounts Receivable Manager||5,070 EUR|
|Assistant Accounting Manager||4,800 EUR|
|Assistant Auditor||2,780 EUR|
|Audit Supervisor||4,890 EUR|
|Auditing Clerk||2,100 EUR|
|Auditing Manager||5,680 EUR|
|Billing Coordinator||2,320 EUR|
|Billing Specialist||2,940 EUR|
|Billing Supervisor||4,240 EUR|
|Bookkeeping Specialist||2,510 EUR|
|Budget Analyst||4,810 EUR|
|Budget Manager||5,240 EUR|
|Business Support Analyst||3,130 EUR|
|Capital Markets Associate||3,870 EUR|
|Cash Flow Analyst||3,850 EUR|
|Cash Management Officer||2,960 EUR|
|Cashbook Clerk||1,870 EUR|
|Chartered Accountant||3,310 EUR|
|Collections Clerk||1,670 EUR|
|Collections Specialist||2,710 EUR|
|Corporate Treasurer||5,090 EUR|
|Cost Accountant||2,570 EUR|
|Cost Accounting Manager||5,320 EUR|
|Cost Analyst||4,280 EUR|
|Credit and Collection Manager||5,080 EUR|
|Credit and Collection Staff||1,990 EUR|
|Credit and Loans Officer||1,950 EUR|
|Credit Controller||3,570 EUR|
|Debt Adviser||4,350 EUR|
|Debt Collector||2,130 EUR|
|Debtors Clerk||1,930 EUR|
|Deputy CFO||7,040 EUR|
|Derivative Trader||4,560 EUR|
|Escrow Assistant||2,440 EUR|
|External Auditor||3,850 EUR|
|Finance Associate||2,410 EUR|
|Finance Executive||5,830 EUR|
|Finance Licensing Clerk||1,860 EUR|
|Finance Licensing Manager||4,940 EUR|
|Finance Licensing Specialist||2,810 EUR|
|Finance Officer||2,470 EUR|
|Finance President||8,020 EUR|
|Finance Relationship Manager||5,920 EUR|
|Finance Release Analyst||3,190 EUR|
|Finance Team Leader||6,030 EUR|
|Financial Actuary||3,970 EUR|
|Financial Administrator||4,460 EUR|
|Financial Analyst||4,900 EUR|
|Financial Applications Specialist||3,340 EUR|
|Financial Assistant||2,160 EUR|
|Financial Associate||2,130 EUR|
|Financial Claims Analyst||3,520 EUR|
|Financial Claims Manager||4,680 EUR|
|Financial Commercial Analyst||4,020 EUR|
|Financial Compliance Analyst||4,320 EUR|
|Financial Consultant||3,470 EUR|
|Financial Controller||4,280 EUR|
|Financial Coordinator||2,470 EUR|
|Financial Customer Service Manager||4,990 EUR|
|Financial Dealer and Broker||2,930 EUR|
|Financial Encoder||2,250 EUR|
|Financial Manager||7,130 EUR|
|Financial Manager||7,390 EUR|
|Financial Operations Manager||6,750 EUR|
|Financial Policy Analyst||4,130 EUR|
|Financial Project Manager||5,510 EUR|
|Financial Quantitative Analyst||4,560 EUR|
|Financial Reporting Consultant||4,020 EUR|
|Financial Reporting Manager||5,090 EUR|
|Financial Services Sales Agent||2,960 EUR|
|Fixed Assets Administrator||2,760 EUR|
|Forensic Accountant||2,990 EUR|
|Fraud Detection Supervisor||3,380 EUR|
|Fraud Prevention Manager||5,620 EUR|
|Fund Accountant||2,650 EUR|
|Grants Coordinator||1,950 EUR|
|Internal Auditor||3,690 EUR|
|Internal Control Adviser||4,310 EUR|
|Internal Control Officer||2,400 EUR|
|Inventory Accountant||2,690 EUR|
|Investment Analyst||5,520 EUR|
|Investment Fund Manager||5,820 EUR|
|Investment Underwriter||2,230 EUR|
|Investor Relations Manager||5,400 EUR|
|KYC Team Leader||5,410 EUR|
|Management Economist||6,250 EUR|
|Payroll Clerk||2,280 EUR|
|Payroll Manager||4,820 EUR|
|Pensions Administrator||2,840 EUR|
|Pricing Analyst||4,370 EUR|
|Private Equity Analyst||4,820 EUR|
|Proposal Development Coordinator||2,390 EUR|
|Receivables Accountant||2,370 EUR|
|Regulatory Accountant||2,970 EUR|
|Retirement Plan Analyst||4,370 EUR|
|Revenue Management Specialist||4,570 EUR|
|Revenue Recognition Analyst||4,770 EUR|
|Risk Management Director||6,490 EUR|
|Risk Management Supervisor||5,370 EUR|
|Tax Accountant||2,620 EUR|
|Tax Advisor||3,970 EUR|
|Tax Associate||2,360 EUR|
|Tax Manager||5,570 EUR|
|Treasury Accountant||2,790 EUR|
|Treasury Analyst||4,320 EUR|
|Underwriting Assistant||1,770 EUR|
|Vice President of Finance||7,520 EUR|
Accounting and Finance salaries in Italy range from 1,520 EUR per month (minimum average salary) to 7,550 EUR per month (maximum average salary, actual maximum is higher).
The median salary is 3,830 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 3,830 EUR while the other half are earning more than 3,830 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.
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 2,410 EUR while 75% of them are earning more than 2,410 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 5,800 EUR while 25% are earning more than 5,800 EUR.
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
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.
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.
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.
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.
A Master's degree program or any post-graduate program in Italy costs anywhere from 18,200 Euro(s) to 54,700 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Italy who work in Accounting and Finance earn 6% more than their female counterparts on average.
Accounting and Finance professionals in Italy are likely to observe a salary increase of approximately 10% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
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.
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
Listed above are the average annual increase rates for each industry in Italy 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.
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.
20% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
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.
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.
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.
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.
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.
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.
The average salary for Accounting and Finance is 3% more than that of All Jobs.
Where can you get paid more, working for a private company or for the government? Public sector employees in Italy earn 5% more than their private sector counterparts on average across all sectors.