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Accounting Assistant Average Salary in Italy 2020

How much money does an Accounting Assistant make in Italy?


Average Monthly Salary
2,140 EUR
( 25,700 EUR yearly)

LOW
980
EUR
AVERAGE
2,140
EUR
HIGH
3,400
EUR

A person working as an Accounting Assistant in Italy typically earns around 2,140 EUR per month. Salaries range from 980 EUR (lowest) to 3,400 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 980 EUR per month (minimum salary) to 3,400 EUR per month (maximum salary).

  • Median Salary

    The median salary is 2,310 EUR per month, which means that half (50%) of people working as Accounting Assistant(s) are earning less than 2,310 EUR while the other half are earning more than 2,310 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 1,480 EUR while 75% of them are earning more than 1,480 EUR. Also from the diagram, 75% of Accounting Assistant(s) are earning less than 3,080 EUR while 25% are earning more than 3,080 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 1,120 EUR per month.

While someone with an experience level between two and five years is expected to earn 1,490 EUR per month, 33% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,200 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 2,690 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 2,930 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 3,170 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
1,120 EUR
2 - 5 Years+33%
1,490 EUR
5 - 10 Years+48%
2,200 EUR
10 - 15 Years+22%
2,690 EUR
15 - 20 Years+9%
2,930 EUR
20+ Years+8%
3,170 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 1,370 EUR per month.

While someone with a Certificate or Diploma gets a salary of 1,610 EUR per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 2,340 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 3,060 EUR per month, 31% more than someone with Bachelor's Degree.


Accounting Assistant average salary difference by education level in Italy

High School
1,370 EUR
Certificate or Diploma+18%
1,610 EUR
Bachelor's Degree+45%
2,340 EUR
Master's Degree+31%
3,060 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 18,200 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 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 7% more than their female counterparts on average.

Male
2,210 EUR
Female-7%
2,060 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

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.

66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% 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
34%
No Bonus
66%

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 Assistant Average Hourly Wage in Italy


12 EUR per hour

The average hourly wage (pay per hour) in Italy is 12 EUR. This means that the average Accounting Assistant in Italy earns approximately 12 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 43% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner2,010 EUR-6%
Account Executive3,360 EUR+57%
Accountant2,720 EUR+27%
Accounting Assistant2,140 EUR+0%
Accounting Associate1,890 EUR-12%
Accounting Clerk1,620 EUR-24%
Accounting Coordinator2,410 EUR+13%
Accounting Manager5,430 EUR+150%
Accounting Supervisor3,660 EUR+71%
Accounting Technician1,840 EUR-14%
Accounts Executive3,430 EUR+60%
Accounts Payable and Receivable Specialist2,730 EUR+28%
Accounts Payable Clerk1,910 EUR-11%
Accounts Payable Manager5,100 EUR+140%
Accounts Receivable Clerk1,930 EUR-10%
Accounts Receivable Manager5,070 EUR+140%
Assistant Accounting Manager4,800 EUR+120%
Assistant Auditor2,780 EUR+30%
Audit Supervisor4,890 EUR+130%
Auditing Clerk2,100 EUR-2%
Auditing Manager5,680 EUR+170%
Billing Coordinator2,320 EUR+8%
Billing Specialist2,940 EUR+37%
Billing Supervisor4,240 EUR+98%
Bookkeeper1,830 EUR-14%
Bookkeeping Specialist2,510 EUR+17%
Budget Analyst4,810 EUR+120%
Budget Manager5,240 EUR+140%
Business Support Analyst3,130 EUR+46%
Capital Markets Associate3,870 EUR+81%
Cash Flow Analyst3,850 EUR+80%
Cash Management Officer2,960 EUR+38%
Cashbook Clerk1,870 EUR-13%
Chartered Accountant3,310 EUR+55%
Collections Clerk1,670 EUR-22%
Collections Specialist2,710 EUR+27%
Corporate Treasurer5,090 EUR+140%
Cost Accountant2,570 EUR+20%
Cost Accounting Manager5,320 EUR+150%
Cost Analyst4,280 EUR+100%
Credit and Collection Manager5,080 EUR+140%
Credit and Collection Staff1,990 EUR-7%
Credit and Loans Officer1,950 EUR-9%
Credit Controller3,570 EUR+67%
Debt Adviser4,350 EUR+100%
Debt Collector2,130 EUR-0%
Debtors Clerk1,930 EUR-10%
Deputy CFO7,040 EUR+230%
Derivative Trader4,560 EUR+110%
Escrow Assistant2,440 EUR+14%
External Auditor3,850 EUR+80%
Finance Associate2,410 EUR+13%
Finance Executive5,830 EUR+170%
Finance Licensing Clerk1,860 EUR-13%
Finance Licensing Manager4,940 EUR+130%
Finance Licensing Specialist2,810 EUR+31%
Finance Officer2,470 EUR+15%
Finance President8,020 EUR+270%
Finance Relationship Manager5,920 EUR+180%
Finance Release Analyst3,190 EUR+49%
Finance Team Leader 6,030 EUR+180%
Financial Actuary3,970 EUR+86%
Financial Administrator4,460 EUR+110%
Financial Analyst4,900 EUR+130%
Financial Applications Specialist3,340 EUR+56%
Financial Assistant2,160 EUR+1%
Financial Associate2,130 EUR-0%
Financial Claims Analyst3,520 EUR+65%
Financial Claims Manager4,680 EUR+120%
Financial Commercial Analyst4,020 EUR+88%
Financial Compliance Analyst4,320 EUR+100%
Financial Consultant3,470 EUR+62%
Financial Controller4,280 EUR+100%
Financial Coordinator2,470 EUR+15%
Financial Customer Service Manager4,990 EUR+130%
Financial Dealer and Broker2,930 EUR+37%
Financial Encoder2,250 EUR+5%
Financial Manager7,130 EUR+230%
Financial Operations Manager6,750 EUR+220%
Financial Policy Analyst4,130 EUR+93%
Financial Project Manager5,510 EUR+160%
Financial Quantitative Analyst4,560 EUR+110%
Financial Reporting Consultant4,020 EUR+88%
Financial Reporting Manager5,090 EUR+140%
Financial Services Sales Agent2,960 EUR+38%
Fixed Assets Administrator2,760 EUR+29%
Forensic Accountant2,990 EUR+40%
Fraud Detection Supervisor3,380 EUR+58%
Fraud Prevention Manager5,620 EUR+160%
Fund Accountant2,650 EUR+24%
Grants Coordinator1,950 EUR-9%
Internal Auditor3,690 EUR+73%
Internal Control Adviser4,310 EUR+100%
Internal Control Officer2,400 EUR+12%
Inventory Accountant2,690 EUR+26%
Investment Analyst5,520 EUR+160%
Investment Fund Manager5,820 EUR+170%
Investment Underwriter2,230 EUR+4%
Investor3,450 EUR+61%
Investor Relations Manager5,400 EUR+150%
KYC Team Leader5,410 EUR+150%
Management Economist6,250 EUR+190%
Paymaster2,250 EUR+5%
Payroll Clerk2,280 EUR+7%
Payroll Manager4,820 EUR+130%
Pensions Administrator2,840 EUR+33%
Pricing Analyst4,370 EUR+100%
Private Equity Analyst4,820 EUR+130%
Proposal Development Coordinator2,390 EUR+12%
Receivables Accountant2,370 EUR+11%
Regulatory Accountant2,970 EUR+39%
Retirement Plan Analyst4,370 EUR+100%
Revenue Management Specialist4,570 EUR+110%
Revenue Recognition Analyst4,770 EUR+120%
Risk Management Director6,490 EUR+200%
Risk Management Supervisor5,370 EUR+150%
Tax Accountant2,620 EUR+22%
Tax Advisor3,970 EUR+86%
Tax Associate2,360 EUR+10%
Tax Manager5,570 EUR+160%
Teller1,640 EUR-23%
Treasury Accountant2,790 EUR+30%
Treasury Analyst4,320 EUR+100%
Underwriter1,880 EUR-12%
Underwriting Assistant1,770 EUR-17%
Vice President of Finance7,520 EUR+250%

Salary Comparison By City

CityAverage Salary
Bologna1,950 EUR
Catania1,900 EUR
Genova1,990 EUR
Milano2,160 EUR
Napoli2,120 EUR
Palermo2,030 EUR
Parma1,800 EUR
Rome2,200 EUR
Torino2,070 EUR
Trieste1,850 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 Italy earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
3,540 EUR
Public Sector+5%
3,740 EUR
Percentage increase and decrease are relative to the previous value

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