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Accounting and Finance Average Salaries in Budapest 2024

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


Average Monthly Salary
519,000 HUF
( 6,230,000 HUF yearly)

LOW
208,000
HUF
AVERAGE
519,000
HUF
HIGH
1,030,000
HUF
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 Budapest typically earns around 519,000 HUF. Salaries range from 208,000 HUF (lowest average) to 1,030,000 HUF (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 Budapest 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 Examiner259,000 HUF
Account Executive472,000 HUF
Accountant361,000 HUF
Accounting Analyst430,000 HUF
Accounting Assistant287,000 HUF
Accounting Associate253,000 HUF
Accounting Clerk219,000 HUF
Accounting Coordinator311,000 HUF
Accounting Head748,000 HUF
Accounting Manager744,000 HUF
Accounting Officer264,000 HUF
Accounting Specialist490,000 HUF
Accounting Supervisor499,000 HUF
Accounting Technician251,000 HUF
Accounting Unit Controller595,000 HUF
Accounts Executive483,000 HUF
Accounts Officer288,000 HUF
Accounts Payable and Receivable Specialist359,000 HUF
Accounts Payable Assistant290,000 HUF
Accounts Payable Associate325,000 HUF
Accounts Payable Clerk265,000 HUF
Accounts Payable Manager715,000 HUF
Accounts Receivable Administrator539,000 HUF
Accounts Receivable Clerk273,000 HUF
Accounts Receivable Financial Analyst507,000 HUF
Accounts Receivable Manager726,000 HUF
Accounts Receivable Team Leader539,000 HUF
Algorithmic Trading Specialist620,000 HUF
Assistant Accountant277,000 HUF
Assistant Accounting Manager693,000 HUF
Assistant Auditor354,000 HUF
Assistant Corporate Controller470,000 HUF
Assistant Finance Manager768,000 HUF
Assistant Financial Controller512,000 HUF
Audit Director827,000 HUF
Audit Supervisor669,000 HUF
Auditing Clerk288,000 HUF
Auditing Manager735,000 HUF
Billing Clerk281,000 HUF
Billing Coordinator341,000 HUF
Billing Specialist401,000 HUF
Billing Supervisor567,000 HUF
Bookkeeper248,000 HUF
Bookkeeping Specialist342,000 HUF
Budget Analyst595,000 HUF
Budget Manager724,000 HUF
Business Support Analyst399,000 HUF
Capital Markets Associate570,000 HUF
Cash Flow Analyst539,000 HUF
Cash Management Manager718,000 HUF
Cash Management Officer423,000 HUF
Cashbook Clerk253,000 HUF
Chartered Accountant478,000 HUF
Chief Accountant525,000 HUF
Chief Financial Technology Officer747,000 HUF
Collections Clerk228,000 HUF
Collections Representative323,000 HUF
Collections Specialist375,000 HUF
Corporate Controller583,000 HUF
Corporate Treasurer703,000 HUF
Cost Accountant362,000 HUF
Cost Accounting Manager742,000 HUF
Cost Accounting Supervisor603,000 HUF
Cost Analyst604,000 HUF
Credit and Collection Manager702,000 HUF
Credit and Collection Staff281,000 HUF
Credit and Loans Officer252,000 HUF
Credit Controller479,000 HUF
Credit Manager738,000 HUF
Debt Adviser628,000 HUF
Debt Collector281,000 HUF
Debtors Clerk249,000 HUF
Debtors Controller264,000 HUF
Deputy CFO995,000 HUF
Deputy Head of Finance1,030,000 HUF
Derivative Trader622,000 HUF
Director of Finance1,070,000 HUF
E-commerce Accountant390,000 HUF
Economist869,000 HUF
Equity Analyst647,000 HUF
Escrow Assistant321,000 HUF
Executive Accountant401,000 HUF
External Auditor503,000 HUF
Finance Administrator443,000 HUF
Finance Analyst648,000 HUF
Finance Associate304,000 HUF
Finance Data Analyst593,000 HUF
Finance Director1,050,000 HUF
Finance Executive762,000 HUF
Finance Licensing Clerk268,000 HUF
Finance Licensing Manager719,000 HUF
Finance Licensing Specialist375,000 HUF
Finance Manager1,010,000 HUF
Finance Officer360,000 HUF
Finance President1,090,000 HUF
Finance Relationship Manager878,000 HUF
Finance Release Analyst432,000 HUF
Finance Specialist607,000 HUF
Finance Team Leader 778,000 HUF
Financial Accountant354,000 HUF
Financial Actuary540,000 HUF
Financial Administrator592,000 HUF
Financial Advisor675,000 HUF
Financial Analyst627,000 HUF
Financial Applications Specialist452,000 HUF
Financial Assistant296,000 HUF
Financial Associate293,000 HUF
Financial Associate361,000 HUF
Financial Claims Analyst465,000 HUF
Financial Claims Manager625,000 HUF
Financial Claims Supervisor590,000 HUF
Financial Clerk278,000 HUF
Financial Commercial Analyst533,000 HUF
Financial Compliance Analyst591,000 HUF
Financial Compliance Officer591,000 HUF
Financial Consultant502,000 HUF
Financial Controller597,000 HUF
Financial Controller593,000 HUF
Financial Coordinator321,000 HUF
Financial Customer Service Manager658,000 HUF
Financial Data Scientist705,000 HUF
Financial Dealer and Broker409,000 HUF
Financial Director1,040,000 HUF
Financial Encoder301,000 HUF
Financial Manager978,000 HUF
Financial Manager966,000 HUF
Financial Modelling Analyst626,000 HUF
Financial Operations Manager959,000 HUF
Financial Policy Analyst581,000 HUF
Financial Project Manager769,000 HUF
Financial Quantitative Analyst635,000 HUF
Financial Reporting Consultant523,000 HUF
Financial Reporting Manager717,000 HUF
Financial Section Head675,000 HUF
Financial Services Manager904,000 HUF
Financial Services Sales Agent380,000 HUF
Financial Technology Consultant557,000 HUF
Financial Wellness Coach739,000 HUF
FinTech Analyst630,000 HUF
Fixed Assets Administrator392,000 HUF
Forensic Accountant443,000 HUF
Fraud Detection Supervisor451,000 HUF
Fraud Prevention Manager758,000 HUF
Fund Accountant361,000 HUF
Grants Coordinator260,000 HUF
Green Finance Analyst565,000 HUF
Group Financial Manager1,020,000 HUF
Internal Auditor488,000 HUF
Internal Control Adviser575,000 HUF
Internal Control Officer324,000 HUF
International Tax Director869,000 HUF
Inventory Accountant392,000 HUF
Investment Advisor929,000 HUF
Investment Analyst697,000 HUF
Investment Associate592,000 HUF
Investment Broker602,000 HUF
Investment Fund Manager800,000 HUF
Investment Operations Manager813,000 HUF
Investment Underwriter310,000 HUF
Investor486,000 HUF
Investor Relations Manager695,000 HUF
KYC Team Leader725,000 HUF
Loan Processor309,000 HUF
Management Accountant412,000 HUF
Management Economist805,000 HUF
Paymaster298,000 HUF
Payroll Administrator463,000 HUF
Payroll Benefits Coordinator387,000 HUF
Payroll Billing Manager650,000 HUF
Payroll Clerk311,000 HUF
Payroll Manager664,000 HUF
Payroll Officer315,000 HUF
Payroll Specialist383,000 HUF
Payroll Supervisor470,000 HUF
Pensions Administrator366,000 HUF
Personal Financial Advisor519,000 HUF
Pricing Analyst602,000 HUF
Private Equity Analyst667,000 HUF
Project Accountant398,000 HUF
Proposal Development Coordinator307,000 HUF
Quantitative Trader527,000 HUF
Receivables Accountant342,000 HUF
Regulatory Accountant380,000 HUF
Retirement Plan Analyst583,000 HUF
Revenue Management Specialist616,000 HUF
Revenue Recognition Analyst655,000 HUF
Risk Management Director854,000 HUF
Risk Management Supervisor715,000 HUF
Staff Accountant337,000 HUF
Tax Accountant350,000 HUF
Tax Administrator400,000 HUF
Tax Advisor573,000 HUF
Tax Analyst527,000 HUF
Tax Associate320,000 HUF
Tax Consultant558,000 HUF
Tax Director824,000 HUF
Tax Examiner380,000 HUF
Tax Manager750,000 HUF
Tax Research Manager761,000 HUF
Teller226,000 HUF
Treasury Accountant379,000 HUF
Treasury Analyst619,000 HUF
Underwriter262,000 HUF
Underwriting Assistant250,000 HUF
Vice President of Finance1,000,000 HUF


Accounting and Finance Jobs Pay Scale and Salaries in Budapest

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

5% of people earn
560,000 HUF or more
10% of people earn
474,000 to 560,000 HUF
20% of people earn
285,000 HUF or less
65% of people earn
285,000 to 474,000 HUF
Minimum Salary
208,000
HUF
Median
491,000
HUF
Maximum
1,030,000
HUF




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 Budapest range from 208,000 HUF (starting average salary) to 1,030,000 HUF (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 491,000 HUF, implying that half of the workforce in Budapest 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 Budapest earn less than 385,000 HUF, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 593,000 HUF, 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 Budapest. The analysis revealed that roughly 65% of all reported salaries fell within the range of 285,000 HUF to 474,000 HUF. Approximately 20% of salaries were below the 285,000 HUF mark, while 10% ranged from 474,000 HUF to 560,000 HUF. Only 5% of individuals earned a gross salary of 560,000 HUF 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 Budapest 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 Budapest, 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 Hungary costs anywhere from 2,470,000 HUF to 7,420,000 HUF 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 / Budapest

Salary comparison by gender Hungary 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 Hungary, the average difference between the salary of male and female employees is 5%.

Male
523,000 HUF
Female-5%
498,000 HUF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Hungary for all Careers

Salary comparison by gender monthly Hungary
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Average Annual Salary Increment Percentage / Accounting and Finance / Budapest

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

Professionals working in Accounting and Finance in Hungary are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Hungary 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.

Hungary / All Professions

Annual Salary Increment Rate Hungary
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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 Hungary 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 / Hungary

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hungary Accounting and Finance
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100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

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

Received Bonus
%
No Bonus
100%

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 / Budapest


2,990 HUF per hour

The average hourly wage (pay per hour) in Accounting and Finance in Budapest is 2,990 HUF.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 Budapest is 1,200 HUF. 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
Budapest519,000 HUF
Debrecen486,000 HUF

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 Hungary is 9% on average across all career fields.

Private Sector
476,000 HUF
Public Sector+9%
518,000 HUF
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 Budapest?

A good and competitive compensation would range anywhere between 491,000 HUF and 593,000 HUF. 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 Budapest ranges from 208,000 HUF to 385,000 HUF. 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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