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
|Accounting Assistant||38,248 KES|
|Accounting Clerk||41,733 KES|
|Accounting Manager||284,019 KES|
|Accounts Payable and Receivable Specialist||37,000 KES|
|Accounts Payable Clerk||33,050 KES|
|Accounts Payable Manager||225,000 KES|
|Accounts Receivable Clerk||16,170 KES|
|Auditing Manager||266,302 KES|
|Auditor ( external )||53,333 KES|
|Auditor ( internal )||95,933 KES|
|Cash Management Officer||60,000 KES|
|Chartered Accountant||60,577 KES|
|Chief Accountant||104,250 KES|
|Credit and Loans Officers||57,000 KES|
|Credit Manager||82,500 KES|
|Customer Service Managers||250,000 KES|
|Debtors Clerk||15,000 KES|
|Finance Executive||185,850 KES|
|Financial Accountant||68,986 KES|
|Financial Administrator||187,000 KES|
|Financial Analyst||177,333 KES|
|Financial Assistant||117,667 KES|
|Financial Controller||153,111 KES|
|Financial Dealer and Broker||60,000 KES|
|Financial Director||636,667 KES|
|Financial Manager||278,087 KES|
|Financial Reporting Consultant||60,000 KES|
|Fraud Prevention Manager||150,000 KES|
|Fund Accountant||106,000 KES|
|Investment Analyst||60,000 KES|
|Junior Staff Accountant||33,313 KES|
|Management Accountant||40,000 KES|
|Payroll Clerks||30,000 KES|
|Project Manager||85,000 KES|
|Senior Accountant||129,758 KES|
|Senior Associate||400,000 KES|
|Senior Finance Officer||102,500 KES|
|Tax Manager||250,000 KES|
|Underwriting Assistant||38,000 KES|
Accounting and Finance Jobs Salary Distribution in Kenya
25% of people earn
50% of people earn
75% of people earn
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|| = |
|Average Salary 2017|| +3% |
|Average Salary 2018|| +2% |
|Average Salary 2019|| +2% |
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
Accounting and Finance
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