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Accounting Assistant Average Salary in Italy 2020

How much money does an Accounting Assistant make in Italy?


Average Monthly Salary
2,570 EUR
( 30,900 EUR yearly)

LOW
1,180
EUR
AVERAGE
2,570
EUR
HIGH
4,090
EUR

A person working as an Accounting Assistant in Italy typically earns around 2,570 EUR per month. Salaries range from 1,180 EUR (lowest) to 4,090 EUR (highest).

This is the average monthly salary including housing, transport, and other benefits. Accounting Assistant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Accounting Assistant Salary Distribution in Italy

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

  • Salary Range

    Accounting Assistant salaries in Italy range from 1,180 EUR per month (minimum salary) to 4,090 EUR per month (maximum salary).

  • Median Salary

    The median salary is 2,780 EUR per month, which means that half (50%) of people working as Accounting Assistant(s) are earning less than 2,780 EUR while the other half are earning more than 2,780 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 Accounting Assistant(s) are earning less than 1,780 EUR while 75% of them are earning more than 1,780 EUR. Also from the diagram, 75% of Accounting Assistant(s) are earning less than 3,710 EUR while 25% are earning more than 3,710 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

Accounting Assistant Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Italy Accounting Assistant
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Accounting Assistant salaries by experience level and this is what we found.

An Accounting Assistant with less than two years of experience makes approximately 1,340 EUR per month.

While someone with an experience level between two and five years is expected to earn 1,800 EUR per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,650 EUR per month, 48% more than someone with two to five years of experience.

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.

Additionally, Accounting Assistant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,240 EUR per month, 22% 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 3,530 EUR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,820 EUR per month, 8% more than people with fifteen to twenty years of experience.


Accounting Assistant average salary change by experience in Italy

0 - 2 Years
1,340 EUR
2 - 5 Years+34%
1,800 EUR
5 - 10 Years+48%
2,650 EUR
10 - 15 Years+22%
3,240 EUR
15 - 20 Years+9%
3,530 EUR
20+ Years+8%
3,820 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Accounting Assistant Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Accounting Assistant(s) who have the same experience but different education levels.

Salary comparison by education level monthly Italy Accounting Assistant
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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 Accounting Assistant salaries by education level in order to make a comparison.

When the education level is High School, the average salary of an Accounting Assistant is 1,650 EUR per month.

While someone with a Certificate or Diploma gets a salary of 1,940 EUR per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 2,810 EUR per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 3,690 EUR per month, 31% more than someone with Bachelor's Degree.


Accounting Assistant average salary difference by education level in Italy

High School
1,650 EUR
Certificate or Diploma+18%
1,940 EUR
Bachelor's Degree+45%
2,810 EUR
Master's Degree+31%
3,690 EUR
Percentage increase and decrease are relative to the previous value

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 the thoery. 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 Comparison By Education Level
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Accounting Assistant Salary Comparison By Gender

Salary comparison by gender monthly Italy Accounting Assistant
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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 Accounting Assistant employees in Italy earn 9% more than their female counterparts.

Female
2,460 EUR
Male+9%
2,690 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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Accounting Assistant Average Annual Salary Increment Percentage in Italy

How much are annual salary increments in Italy for Accounting Assistant(s)? How often do employees get salary raises?

Accounting Assistant

Accounting Assistant(s) in Italy are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Italy Accounting Assistant
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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 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 Italy is 6%.

Annual Increment Rate By Industry 2019

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Accounting Assistant Bonus and Incentive Rates in Italy

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Italy Accounting Assistant
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An Accounting Assistant is considered to be a low bonus-based job 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.

65% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
35%
No Bonus
65%

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.

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 Accounting Assistant 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 Assistant Salary Trend and Forecast in Italy

How are Accounting Assistant salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Italy Accounting Assistant
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Average Salary 2016
2,230 EUR
Average Salary 2017+4%
2,310 EUR
Average Salary 2018+4%
2,390 EUR
Average Salary 2019+4%
2,480 EUR
Percentage increase and decrease are relative to the previous value

Accounting Assistant salaries in Italy are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Assistant Average Hourly Wage in Italy


15 EUR per hour

The average hourly wage (pay per hour) in Italy is 15 EUR. This means that the average Accounting Assistant in Italy earns approximately 15 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 Assistant VS Other Jobs

Salary Comparison Between Accounting Assistant and Accounting and Finance monthly Italy
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The average salary for Accounting Assistant is 28% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner2,340 EUR-9%
Account Executive3,550 EUR+38%
Accountant2,660 EUR+3%
Accounting Assistant2,570 EUR-0%
Accounting Associate2,510 EUR-2%
Accounting Clerk1,890 EUR-27%
Accounting Coordinator2,110 EUR-18%
Accounting Manager4,750 EUR+85%
Accounting Supervisor3,520 EUR+37%
Accounting Technician2,270 EUR-12%
Accounts Executive3,240 EUR+26%
Accounts Payable and Receivable Specialist2,980 EUR+16%
Accounts Payable Clerk1,860 EUR-28%
Accounts Payable Manager3,790 EUR+47%
Accounts Receivable Clerk2,020 EUR-22%
Accounts Receivable Manager4,060 EUR+58%
Assistant Accounting Manager3,090 EUR+20%
Assistant Auditor2,910 EUR+13%
Audit Supervisor4,970 EUR+93%
Auditing Clerk2,510 EUR-2%
Auditing Manager5,320 EUR+110%
Billing Coordinator2,930 EUR+14%
Billing Specialist3,040 EUR+18%
Billing Supervisor3,730 EUR+45%
Bookkeeper2,070 EUR-20%
Bookkeeping Specialist2,600 EUR+1%
Budget Analyst3,220 EUR+25%
Budget Manager4,280 EUR+66%
Business Support Analyst3,550 EUR+38%
Capital Markets Associate3,770 EUR+46%
Cash Flow Analyst3,620 EUR+41%
Cash Management Officer3,430 EUR+33%
Cashbook Clerk2,440 EUR-5%
Chartered Accountant3,170 EUR+23%
Collections Clerk1,960 EUR-24%
Collections Specialist2,500 EUR-3%
Corporate Treasurer6,600 EUR+160%
Cost Accountant2,930 EUR+14%
Cost Accounting Manager4,030 EUR+57%
Cost Analyst3,810 EUR+48%
Credit and Collection Manager4,140 EUR+61%
Credit and Collection Staff2,070 EUR-20%
Credit and Loans Officer2,150 EUR-16%
Credit Controller3,470 EUR+35%
Debt Adviser4,550 EUR+77%
Debt Collector3,220 EUR+25%
Debtors Clerk2,870 EUR+11%
Deputy CFO6,280 EUR+140%
Derivative Trader5,210 EUR+100%
Escrow Assistant3,090 EUR+20%
External Auditor3,930 EUR+53%
Finance Associate2,990 EUR+16%
Finance Executive6,310 EUR+150%
Finance Licensing Clerk2,270 EUR-12%
Finance Licensing Manager3,660 EUR+42%
Finance Licensing Specialist2,890 EUR+12%
Finance Officer4,110 EUR+60%
Finance President7,690 EUR+200%
Finance Relationship Manager4,980 EUR+93%
Finance Release Analyst3,650 EUR+42%
Finance Team Leader 4,070 EUR+58%
Financial Actuary3,630 EUR+41%
Financial Administrator3,240 EUR+26%
Financial Analyst3,990 EUR+55%
Financial Applications Specialist2,550 EUR-1%
Financial Assistant2,320 EUR-10%
Financial Associate2,750 EUR+7%
Financial Claims Analyst3,460 EUR+34%
Financial Claims Manager3,950 EUR+53%
Financial Commercial Analyst3,400 EUR+32%
Financial Compliance Analyst3,840 EUR+49%
Financial Consultant3,450 EUR+34%
Financial Controller3,570 EUR+39%
Financial Coordinator3,240 EUR+26%
Financial Customer Service Manager4,590 EUR+78%
Financial Dealer and Broker3,400 EUR+32%
Financial Encoder2,110 EUR-18%
Financial Manager7,470 EUR+190%
Financial Operations Manager5,350 EUR+110%
Financial Policy Analyst3,720 EUR+45%
Financial Project Manager3,600 EUR+40%
Financial Quantitative Analyst4,080 EUR+59%
Financial Reporting Consultant3,840 EUR+49%
Financial Reporting Manager4,520 EUR+76%
Financial Services Sales Agent3,410 EUR+32%
Fixed Assets Administrator3,000 EUR+17%
Forensic Accountant2,810 EUR+9%
Fraud Detection Supervisor3,590 EUR+39%
Fraud Prevention Manager5,510 EUR+110%
Fund Accountant2,840 EUR+10%
Grants Coordinator2,370 EUR-8%
Internal Auditor4,000 EUR+55%
Internal Control Adviser4,030 EUR+57%
Internal Control Officer3,420 EUR+33%
Inventory Accountant5,710 EUR+120%
Investment Analyst5,050 EUR+96%
Investment Fund Manager4,940 EUR+92%
Investment Underwriter2,230 EUR-13%
Investor3,540 EUR+38%
Investor Relations Manager4,740 EUR+84%
KYC Team Leader4,700 EUR+83%
Management Economist4,220 EUR+64%
Paymaster2,960 EUR+15%
Payroll Clerk2,180 EUR-15%
Payroll Manager3,730 EUR+45%
Pensions Administrator2,940 EUR+14%
Pricing Analyst4,060 EUR+58%
Private Equity Analyst4,230 EUR+64%
Proposal Development Coordinator2,890 EUR+12%
Receivables Accountant2,410 EUR-6%
Regulatory Accountant2,980 EUR+16%
Retirement Plan Analyst3,930 EUR+53%
Revenue Management Specialist3,320 EUR+29%
Revenue Recognition Analyst4,660 EUR+81%
Risk Management Director5,980 EUR+130%
Risk Management Supervisor4,620 EUR+79%
Tax Accountant2,790 EUR+8%
Tax Advisor3,580 EUR+39%
Tax Associate3,010 EUR+17%
Tax Manager5,560 EUR+120%
Teller1,760 EUR-32%
Treasury Accountant2,880 EUR+12%
Treasury Analyst3,880 EUR+51%
Underwriter2,230 EUR-13%
Underwriting Assistant2,050 EUR-20%
Vice President of Finance5,540 EUR+120%

Salary Comparison By City

CityAverage Salary
Bologna2,340 EUR
Catania2,290 EUR
Genova2,390 EUR
Milano2,600 EUR
Napoli2,550 EUR
Palermo2,440 EUR
Parma2,170 EUR
Rome2,650 EUR
Torino2,500 EUR
Trieste2,230 EUR
1000 - 1

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