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Accounting and Finance Average Salaries in Kenya 2019

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

113,705 KES per month
Average Monthly Salary
A person working in Accounting and Finance in Kenya typically earns around 113,705 KES per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Accounting and Finance jobs. 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
Accountant61,299 KES
Accounting Assistant38,248 KES
Accounting Clerk41,733 KES
Accounting Manager284,019 KES
Accounts Payable and Receivable Specialist37,000 KES
Accounts Payable Clerk33,050 KES
Accounts Payable Manager225,000 KES
Accounts Receivable Clerk16,170 KES
Auditing Manager266,302 KES
Auditor ( external )53,333 KES
Auditor ( internal )95,933 KES
Bookkeepers22,000 KES
Cash Management Officer60,000 KES
Chartered Accountant60,577 KES
Chief Accountant104,250 KES
Controller240,000 KES
Credit and Loans Officers57,000 KES
Credit Manager82,500 KES
Customer Service Managers250,000 KES
Debtors Clerk15,000 KES
Finance Executive185,850 KES
Financial Accountant68,986 KES
Financial Administrator187,000 KES
Financial Analyst177,333 KES
Financial Assistant117,667 KES
Financial Controller153,111 KES
Financial Dealer and Broker60,000 KES
Financial Director636,667 KES
Financial Manager278,087 KES
Financial Reporting Consultant60,000 KES
Fraud Prevention Manager150,000 KES
Fund Accountant106,000 KES
Investment Analyst60,000 KES
Junior Staff Accountant33,313 KES
Management Accountant40,000 KES
Payroll Clerks30,000 KES
Project Manager85,000 KES
Senior Accountant129,758 KES
Senior Associate400,000 KES
Senior Finance Officer102,500 KES
Tax Manager250,000 KES
Underwriting Assistant38,000 KES

Accounting and Finance Jobs Salary Distribution in Kenya

25% of people earn
35,000 KES
or less
50% of people earn
60,000 KES
or less
75% of people earn
150,000 KES
or less
10,000 KES
60,000 KES
946,075 KES

Abount These Figures: Salary Range, Median and Percentiles

The Accounting and Finance salaries in Kenya range between 10,000 KES per month (minimum salary) to 946,075 KES per month (maximum salary).

The median salary is 60,000 KES per month, which means that half (50%) of people working in Accounting and Finance are earning less than 60,000 KES while the other half are earning more than 60,000 KES. 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 35,000 KES while 75% of them are earning more than 35,000 KES. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 150,000 KES while 25% are earning more than 150,000 KES.

What is the difference between the median and the average salary? What should you be looking at?

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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Accounting and Finance Salary Forecast and Trend in Kenya

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

Average Salary 2016    =  
106,523 KES
Average Salary 2017    +3%  
109,506 KES
Average Salary 2018    +2%  
111,258 KES
Average Salary 2019    +2%  
113,705 KES
Percentage increase and decrease are relative to the previous value
Accounting and Finance salaries in Kenya are rising in the year 2019 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 continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Accounting and Finance Hourly Average Wage in Kenya

583 KES per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Kenya for Accounting and Finance is 583 KES. This means that the average person in Kenya earns approximatly 583 KES for every worked hour.

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

The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Salary Comparison of Accounting and Finance Jobs in Kenya

113,705 KES
145,290 KES
Average Salary
Accounting and Finance
Average Salary
All Jobs
We compared Kenya salaries for Accounting and Finance and All Jobs and we found that Accounting and Finance salaries are 22% less than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Embu25,550 KES
Kiambu29,100 KES
Kisumu104,400 KES
Machakos70,500 KES
Meru53,500 KES
Mombasa94,031 KES
Nairobi126,829 KES
Nakuru25,000 KES
Nyeri28,950 KES
Thika55,000 KES
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