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Accounting and Finance Average Salaries in Italy 2024

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


Average Monthly Salary
3,790 EUR
( 45,400 EUR yearly)

LOW
1,520
EUR
AVERAGE
3,790
EUR
HIGH
7,550
EUR
All salary figures displayed here are per month except when noted otherwise.
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.

A person working in Accounting and Finance in Italy typically earns around 3,790 EUR. Salaries range from 1,520 EUR (lowest average) to 7,550 EUR (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Italy exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounting and Finance
Account Examiner2,010 EUR
Account Executive3,360 EUR
Accountant2,720 EUR
Accounting Analyst3,250 EUR
Accounting Assistant2,140 EUR
Accounting Associate1,890 EUR
Accounting Clerk1,620 EUR
Accounting Coordinator2,410 EUR
Accounting Head5,320 EUR
Accounting Manager5,430 EUR
Accounting Officer1,970 EUR
Accounting Specialist3,620 EUR
Accounting Supervisor3,660 EUR
Accounting Technician1,840 EUR
Accounting Unit Controller4,450 EUR
Accounts Executive3,430 EUR
Accounts Officer2,100 EUR
Accounts Payable and Receivable Specialist2,730 EUR
Accounts Payable Assistant2,160 EUR
Accounts Payable Associate2,410 EUR
Accounts Payable Clerk1,910 EUR
Accounts Payable Manager5,100 EUR
Accounts Receivable Administrator4,100 EUR
Accounts Receivable Clerk1,930 EUR
Accounts Receivable Financial Analyst3,620 EUR
Accounts Receivable Manager5,070 EUR
Accounts Receivable Team Leader4,000 EUR
Algorithmic Trading Specialist4,720 EUR
Assistant Accountant2,080 EUR
Assistant Accounting Manager4,800 EUR
Assistant Auditor2,780 EUR
Assistant Corporate Controller3,800 EUR
Assistant Finance Manager5,380 EUR
Assistant Financial Controller3,780 EUR
Audit Director6,420 EUR
Audit Supervisor4,890 EUR
Auditing Clerk2,100 EUR
Auditing Manager5,680 EUR
Billing Clerk2,140 EUR
Billing Coordinator2,320 EUR
Billing Specialist2,940 EUR
Billing Supervisor4,240 EUR
Bookkeeper1,830 EUR
Bookkeeping Specialist2,510 EUR
Budget Analyst4,810 EUR
Budget Manager5,240 EUR
Business Support Analyst3,130 EUR
Capital Markets Associate3,880 EUR
Cash Flow Analyst3,850 EUR
Cash Management Manager5,080 EUR
Cash Management Officer2,960 EUR
Cashbook Clerk1,870 EUR
Chartered Accountant3,310 EUR
Chief Accountant4,060 EUR
Chief Financial Technology Officer5,570 EUR
Collections Clerk1,670 EUR
Collections Representative2,410 EUR
Collections Specialist2,720 EUR
Corporate Controller4,370 EUR
Corporate Treasurer5,090 EUR
Cost Accountant2,570 EUR
Cost Accounting Manager5,320 EUR
Cost Accounting Supervisor4,430 EUR
Cost Analyst4,290 EUR
Credit and Collection Manager5,080 EUR
Credit and Collection Staff1,990 EUR
Credit and Loans Officer1,950 EUR
Credit Controller3,570 EUR
Credit Manager5,650 EUR
Debt Adviser4,350 EUR
Debt Collector2,130 EUR
Debtors Clerk1,930 EUR
Debtors Controller1,970 EUR
Deputy CFO7,040 EUR
Deputy Head of Finance7,110 EUR
Derivative Trader4,560 EUR
Director of Finance8,020 EUR
E-commerce Accountant2,840 EUR
Economist6,280 EUR
Equity Analyst4,890 EUR
Escrow Assistant2,440 EUR
Executive Accountant3,040 EUR
External Auditor3,850 EUR
Finance Administrator3,220 EUR
Finance Analyst4,710 EUR
Finance Associate2,410 EUR
Finance Data Analyst4,410 EUR
Finance Director8,220 EUR
Finance Executive5,830 EUR
Finance Licensing Clerk1,860 EUR
Finance Licensing Manager4,940 EUR
Finance Licensing Specialist2,810 EUR
Finance Manager7,840 EUR
Finance Officer2,470 EUR
Finance President8,020 EUR
Finance Relationship Manager5,920 EUR
Finance Release Analyst3,190 EUR
Finance Specialist4,210 EUR
Finance Team Leader 6,030 EUR
Financial Accountant2,650 EUR
Financial Actuary3,970 EUR
Financial Administrator4,460 EUR
Financial Advisor4,640 EUR
Financial Analyst4,900 EUR
Financial Applications Specialist3,340 EUR
Financial Assistant2,160 EUR
Financial Associate2,130 EUR
Financial Associate2,460 EUR
Financial Claims Analyst3,520 EUR
Financial Claims Manager4,680 EUR
Financial Claims Supervisor4,370 EUR
Financial Clerk2,020 EUR
Financial Commercial Analyst4,020 EUR
Financial Compliance Analyst4,320 EUR
Financial Compliance Officer4,340 EUR
Financial Consultant3,470 EUR
Financial Controller4,290 EUR
Financial Controller4,460 EUR
Financial Coordinator2,470 EUR
Financial Customer Service Manager4,990 EUR
Financial Data Scientist5,120 EUR
Financial Dealer and Broker2,930 EUR
Financial Director7,900 EUR
Financial Encoder2,250 EUR
Financial Manager7,130 EUR
Financial Manager7,390 EUR
Financial Modelling Analyst4,970 EUR
Financial Operations Manager6,750 EUR
Financial Policy Analyst4,130 EUR
Financial Project Manager5,510 EUR
Financial Quantitative Analyst4,560 EUR
Financial Reporting Consultant4,020 EUR
Financial Reporting Manager5,090 EUR
Financial Section Head4,960 EUR
Financial Services Manager6,750 EUR
Financial Services Sales Agent2,960 EUR
Financial Technology Consultant4,380 EUR
Financial Wellness Coach5,730 EUR
FinTech Analyst4,370 EUR
Fixed Assets Administrator2,760 EUR
Forensic Accountant2,990 EUR
Fraud Detection Supervisor3,380 EUR
Fraud Prevention Manager5,620 EUR
Fund Accountant2,650 EUR
Grants Coordinator1,950 EUR
Green Finance Analyst4,090 EUR
Group Financial Manager7,790 EUR
Internal Auditor3,690 EUR
Internal Control Adviser4,310 EUR
Internal Control Officer2,400 EUR
International Tax Director6,160 EUR
Inventory Accountant2,690 EUR
Investment Advisor7,450 EUR
Investment Analyst5,530 EUR
Investment Associate4,360 EUR
Investment Broker4,270 EUR
Investment Fund Manager5,820 EUR
Investment Operations Manager5,700 EUR
Investment Underwriter2,230 EUR
Investor3,450 EUR
Investor Relations Manager5,400 EUR
KYC Team Leader5,410 EUR
Loan Processor2,110 EUR
Management Accountant2,960 EUR
Management Economist6,250 EUR
Paymaster2,250 EUR
Payroll Administrator3,440 EUR
Payroll Benefits Coordinator2,820 EUR
Payroll Billing Manager4,690 EUR
Payroll Clerk2,280 EUR
Payroll Manager4,820 EUR
Payroll Officer2,250 EUR
Payroll Specialist2,700 EUR
Payroll Supervisor3,380 EUR
Pensions Administrator2,840 EUR
Personal Financial Advisor3,820 EUR
Pricing Analyst4,370 EUR
Private Equity Analyst4,820 EUR
Project Accountant2,970 EUR
Proposal Development Coordinator2,390 EUR
Quantitative Trader3,720 EUR
Receivables Accountant2,370 EUR
Regulatory Accountant2,970 EUR
Retirement Plan Analyst4,370 EUR
Revenue Management Specialist4,570 EUR
Revenue Recognition Analyst4,770 EUR
Risk Management Director6,490 EUR
Risk Management Supervisor5,370 EUR
Staff Accountant2,480 EUR
Tax Accountant2,620 EUR
Tax Administrator2,800 EUR
Tax Advisor3,970 EUR
Tax Analyst3,990 EUR
Tax Associate2,370 EUR
Tax Consultant4,180 EUR
Tax Director6,100 EUR
Tax Examiner2,930 EUR
Tax Manager5,570 EUR
Tax Research Manager5,590 EUR
Teller1,640 EUR
Treasury Accountant2,800 EUR
Treasury Analyst4,320 EUR
Underwriter1,880 EUR
Underwriting Assistant1,770 EUR
Vice President of Finance7,520 EUR


Accounting and Finance Jobs Pay Scale and Salaries in Italy

Median and salary distribution Italy Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,970 EUR or more
10% of people earn
3,360 to 3,970 EUR
20% of people earn
2,020 EUR or less
65% of people earn
2,020 to 3,360 EUR
Minimum Salary
1,520 EUR
Median
3,480 EUR
Maximum
7,550 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Italy range from 1,520 EUR (starting average salary) to 7,550 EUR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 3,480 EUR, implying that half of the workforce in Italy earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Italy earn less than 2,730 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 4,200 EUR, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Italy. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,020 EUR to 3,360 EUR. Approximately 20% of salaries were below the 2,020 EUR mark, while 10% ranged from 3,360 EUR to 3,970 EUR. Only 5% of individuals earned a gross salary of 3,970 EUR or higher.

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 in Accounting and Finance in Italy 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.


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.
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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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.

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 degree levels across many jobs in Accounting and Finance in Italy, 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 certificate 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 18,300 EUR to 54,900 EUR and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Accounting and Finance / Italy

Salary comparison by gender Italy Accounting and Finance monthly
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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? In the field of Accounting and Finance in Italy, the average difference between the salary of male and female employees is 6%.

Male
3,880 EUR
Female-5%
3,670 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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Average Annual Salary Increment Percentage / Accounting and Finance / Italy

How much are annual salary increments in Italy for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance 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.

Annual Salary Increment Rate Italy 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.

Italy / All Professions

Annual Salary Increment Rate Italy
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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

The average salary increase in one year (12 months) in Italy is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Accounting and Finance / Italy

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Italy Accounting and Finance
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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.

Received Bonus
80%
No Bonus
20%

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.

Hourly Average Wage / Accounting and Finance / Italy


22 EUR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Italy is 22 EUR.This is the rate they get paid for every worked hour.


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

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 in Accounting and Finance in Italy is 9 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Bologna4,000 EUR
Catania3,930 EUR
Genova4,080 EUR
Milano4,390 EUR
Napoli4,310 EUR
Palermo4,150 EUR
Parma3,810 EUR
Rome4,460 EUR
Torino4,230 EUR
Trieste3,870 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 Italy is 5% on average across all career fields.

Private Sector
3,560 EUR
Public Sector+5%
3,750 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Italy?

A good and competitive compensation would range anywhere between 3,480 EUR and 4,200 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 jobs in Accounting and Finance in Italy ranges from 1,520 EUR to 2,730 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


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