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Accounting and Finance Average Salaries in Italy 2020

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


Average Monthly Salary
3,560 EUR
( 42,700 EUR yearly)

LOW
1,630
EUR
AVERAGE
3,560
EUR
HIGH
7,560
EUR

A person working in Accounting and Finance in Italy typically earns around 3,560 EUR per month. Salaries range from 1,630 EUR (lowest average) to 7,560 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.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner2,340 EUR
Account Executive3,550 EUR
Accountant2,660 EUR
Accounting Assistant2,570 EUR
Accounting Associate2,510 EUR
Accounting Clerk1,890 EUR
Accounting Coordinator2,110 EUR
Accounting Manager4,750 EUR
Accounting Supervisor3,520 EUR
Accounting Technician2,270 EUR
Accounts Executive3,240 EUR
Accounts Payable and Receivable Specialist2,980 EUR
Accounts Payable Clerk1,860 EUR
Accounts Payable Manager3,790 EUR
Accounts Receivable Clerk2,020 EUR
Accounts Receivable Manager4,060 EUR
Assistant Accounting Manager3,090 EUR
Assistant Auditor2,910 EUR
Audit Supervisor4,970 EUR
Auditing Clerk2,510 EUR
Auditing Manager5,320 EUR
Billing Coordinator2,930 EUR
Billing Specialist3,040 EUR
Billing Supervisor3,730 EUR
Bookkeeper2,070 EUR
Bookkeeping Specialist2,600 EUR
Budget Analyst3,220 EUR
Budget Manager4,280 EUR
Business Support Analyst3,550 EUR
Capital Markets Associate3,770 EUR
Cash Flow Analyst3,620 EUR
Cash Management Officer3,430 EUR
Cashbook Clerk2,440 EUR
Chartered Accountant3,170 EUR
Collections Clerk1,960 EUR
Collections Specialist2,500 EUR
Corporate Treasurer6,600 EUR
Cost Accountant2,930 EUR
Cost Accounting Manager4,030 EUR
Cost Analyst3,810 EUR
Credit and Collection Manager4,140 EUR
Credit and Collection Staff2,070 EUR
Credit and Loans Officer2,150 EUR
Credit Controller3,470 EUR
Debt Adviser4,550 EUR
Debt Collector3,220 EUR
Debtors Clerk2,870 EUR
Deputy CFO6,280 EUR
Derivative Trader5,210 EUR
Escrow Assistant3,090 EUR
External Auditor3,930 EUR
Finance Associate2,990 EUR
Finance Executive6,310 EUR
Finance Licensing Clerk2,270 EUR
Finance Licensing Manager3,660 EUR
Finance Licensing Specialist2,890 EUR
Finance Officer4,110 EUR
Finance President7,690 EUR
Finance Relationship Manager4,980 EUR
Finance Release Analyst3,650 EUR
Finance Team Leader 4,070 EUR
Financial Actuary3,630 EUR
Financial Administrator3,240 EUR
Financial Analyst3,990 EUR
Financial Applications Specialist2,550 EUR
Financial Assistant2,320 EUR
Financial Associate2,750 EUR
Financial Claims Analyst3,460 EUR
Financial Claims Manager3,950 EUR
Financial Commercial Analyst3,400 EUR
Financial Compliance Analyst3,840 EUR
Financial Consultant3,450 EUR
Financial Controller3,570 EUR
Financial Coordinator3,240 EUR
Financial Customer Service Manager4,590 EUR
Financial Dealer and Broker3,400 EUR
Financial Encoder2,110 EUR
Financial Manager7,470 EUR
Financial Manager7,290 EUR
Financial Operations Manager5,350 EUR
Financial Policy Analyst3,720 EUR
Financial Project Manager3,600 EUR
Financial Quantitative Analyst4,080 EUR
Financial Reporting Consultant3,840 EUR
Financial Reporting Manager4,520 EUR
Financial Services Sales Agent3,410 EUR
Fixed Assets Administrator3,000 EUR
Forensic Accountant2,810 EUR
Fraud Detection Supervisor3,590 EUR
Fraud Prevention Manager5,510 EUR
Fund Accountant2,840 EUR
Grants Coordinator2,370 EUR
Internal Auditor4,000 EUR
Internal Control Adviser4,030 EUR
Internal Control Officer3,420 EUR
Inventory Accountant5,710 EUR
Investment Analyst5,050 EUR
Investment Fund Manager4,940 EUR
Investment Underwriter2,230 EUR
Investor3,540 EUR
Investor Relations Manager4,740 EUR
KYC Team Leader4,700 EUR
Management Economist4,220 EUR
Paymaster2,960 EUR
Payroll Clerk2,180 EUR
Payroll Manager3,730 EUR
Pensions Administrator2,940 EUR
Pricing Analyst4,060 EUR
Private Equity Analyst4,230 EUR
Proposal Development Coordinator2,890 EUR
Receivables Accountant2,410 EUR
Regulatory Accountant2,980 EUR
Retirement Plan Analyst3,930 EUR
Revenue Management Specialist3,320 EUR
Revenue Recognition Analyst4,660 EUR
Risk Management Director5,980 EUR
Risk Management Supervisor4,620 EUR
Tax Accountant2,790 EUR
Tax Advisor3,580 EUR
Tax Associate3,010 EUR
Tax Manager5,560 EUR
Teller1,760 EUR
Treasury Accountant2,880 EUR
Treasury Analyst3,880 EUR
Underwriter2,230 EUR
Underwriting Assistant2,050 EUR
Vice President of Finance5,540 EUR

Accounting and Finance Jobs Salary Distribution in Italy

Median and salary distribution monthly Italy Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Italy range from 1,630 EUR per month (minimum average salary) to 7,560 EUR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 3,630 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 3,630 EUR while the other half are earning more than 3,630 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 2,370 EUR while 75% of them are earning more than 2,370 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 5,710 EUR while 25% are earning more than 5,710 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 Italy costs anywhere from 18,400 Euro(s) to 55,200 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 monthly Italy 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 earn 7% more than their female counterparts.

Female
3,430 EUR
Male+7%
3,660 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Italy for all Careers

Salary comparison by gender monthly Italy
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Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Italy
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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.

Private Sector
3,570 EUR
Public Sector+5%
3,770 EUR
Percentage increase and decrease are relative to the previous value

Accounting and Finance Salary Forecast and Trend in Italy

How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Italy Accounting and Finance
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Average Salary 2016
3,160 EUR
Average Salary 2017+4%
3,280 EUR
Average Salary 2018+3%
3,370 EUR
Average Salary 2019+2%
3,430 EUR
Percentage increase and decrease are relative to the previous value

Accounting and Finance salaries in Italy are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Accounting and Finance Hourly Average Wage in Italy


21 EUR per hour

The average hourly wage (pay per hour) in Italy is 21 EUR. This means that the average person in Italy earns approximately 21 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 monthly Italy
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The average salary for Accounting and Finance is 3% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Bologna3,760 EUR
Catania3,690 EUR
Genova3,830 EUR
Milano4,120 EUR
Napoli4,050 EUR
Palermo3,910 EUR
Parma3,580 EUR
Rome4,200 EUR
Torino3,980 EUR
Trieste3,630 EUR
3395 - 61

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