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
Accounting and Finance | |
Account Examiner | 259,000 HUF |
Account Executive | 472,000 HUF |
Accountant | 361,000 HUF |
Accounting Analyst | 430,000 HUF |
|
Accounting Assistant | 287,000 HUF |
Accounting Associate | 253,000 HUF |
Accounting Clerk | 219,000 HUF |
Accounting Coordinator | 311,000 HUF |
Accounting Head | 748,000 HUF |
Accounting Manager | 744,000 HUF |
Accounting Officer | 264,000 HUF |
Accounting Specialist | 490,000 HUF |
Accounting Supervisor | 499,000 HUF |
Accounting Technician | 251,000 HUF |
Accounting Unit Controller | 595,000 HUF |
Accounts Executive | 483,000 HUF |
Accounts Officer | 288,000 HUF |
Accounts Payable and Receivable Specialist | 359,000 HUF |
Accounts Payable Assistant | 290,000 HUF |
Accounts Payable Associate | 325,000 HUF |
Accounts Payable Clerk | 265,000 HUF |
Accounts Payable Manager | 715,000 HUF |
Accounts Receivable Administrator | 539,000 HUF |
Accounts Receivable Clerk | 273,000 HUF |
Accounts Receivable Financial Analyst | 507,000 HUF |
Accounts Receivable Manager | 726,000 HUF |
Accounts Receivable Team Leader | 539,000 HUF |
Algorithmic Trading Specialist | 620,000 HUF |
Assistant Accountant | 277,000 HUF |
Assistant Accounting Manager | 693,000 HUF |
Assistant Auditor | 354,000 HUF |
Assistant Corporate Controller | 470,000 HUF |
Assistant Finance Manager | 768,000 HUF |
Assistant Financial Controller | 512,000 HUF |
Audit Director | 827,000 HUF |
Audit Supervisor | 669,000 HUF |
Auditing Clerk | 288,000 HUF |
Auditing Manager | 735,000 HUF |
Billing Clerk | 281,000 HUF |
Billing Coordinator | 341,000 HUF |
Billing Specialist | 401,000 HUF |
Billing Supervisor | 567,000 HUF |
Bookkeeper | 248,000 HUF |
Bookkeeping Specialist | 342,000 HUF |
Budget Analyst | 595,000 HUF |
Budget Manager | 724,000 HUF |
Business Support Analyst | 399,000 HUF |
Capital Markets Associate | 570,000 HUF |
Cash Flow Analyst | 539,000 HUF |
Cash Management Manager | 718,000 HUF |
Cash Management Officer | 423,000 HUF |
Cashbook Clerk | 253,000 HUF |
Chartered Accountant | 478,000 HUF |
Chief Accountant | 525,000 HUF |
Chief Financial Technology Officer | 747,000 HUF |
Collections Clerk | 228,000 HUF |
Collections Representative | 323,000 HUF |
Collections Specialist | 375,000 HUF |
Corporate Controller | 583,000 HUF |
Corporate Treasurer | 703,000 HUF |
Cost Accountant | 362,000 HUF |
Cost Accounting Manager | 742,000 HUF |
Cost Accounting Supervisor | 603,000 HUF |
Cost Analyst | 604,000 HUF |
Credit and Collection Manager | 702,000 HUF |
Credit and Collection Staff | 281,000 HUF |
Credit and Loans Officer | 252,000 HUF |
Credit Controller | 479,000 HUF |
Credit Manager | 738,000 HUF |
Debt Adviser | 628,000 HUF |
Debt Collector | 281,000 HUF |
Debtors Clerk | 249,000 HUF |
Debtors Controller | 264,000 HUF |
Deputy CFO | 995,000 HUF |
Deputy Head of Finance | 1,030,000 HUF |
Derivative Trader | 622,000 HUF |
Director of Finance | 1,070,000 HUF |
E-commerce Accountant | 390,000 HUF |
Economist | 869,000 HUF |
Equity Analyst | 647,000 HUF |
Escrow Assistant | 321,000 HUF |
Executive Accountant | 401,000 HUF |
External Auditor | 503,000 HUF |
Finance Administrator | 443,000 HUF |
Finance Analyst | 648,000 HUF |
Finance Associate | 304,000 HUF |
Finance Data Analyst | 593,000 HUF |
Finance Director | 1,050,000 HUF |
Finance Executive | 762,000 HUF |
Finance Licensing Clerk | 268,000 HUF |
Finance Licensing Manager | 719,000 HUF |
Finance Licensing Specialist | 375,000 HUF |
Finance Manager | 1,010,000 HUF |
Finance Officer | 360,000 HUF |
Finance President | 1,090,000 HUF |
Finance Relationship Manager | 878,000 HUF |
Finance Release Analyst | 432,000 HUF |
Finance Specialist | 607,000 HUF |
Finance Team Leader | 778,000 HUF |
Financial Accountant | 354,000 HUF |
Financial Actuary | 540,000 HUF |
Financial Administrator | 592,000 HUF |
Financial Advisor | 675,000 HUF |
Financial Analyst | 627,000 HUF |
Financial Applications Specialist | 452,000 HUF |
Financial Assistant | 296,000 HUF |
Financial Associate | 293,000 HUF |
Financial Associate | 361,000 HUF |
Financial Claims Analyst | 465,000 HUF |
Financial Claims Manager | 625,000 HUF |
Financial Claims Supervisor | 590,000 HUF |
Financial Clerk | 278,000 HUF |
Financial Commercial Analyst | 533,000 HUF |
Financial Compliance Analyst | 591,000 HUF |
Financial Compliance Officer | 591,000 HUF |
Financial Consultant | 502,000 HUF |
Financial Controller | 597,000 HUF |
Financial Controller | 593,000 HUF |
Financial Coordinator | 321,000 HUF |
Financial Customer Service Manager | 658,000 HUF |
Financial Data Scientist | 705,000 HUF |
Financial Dealer and Broker | 409,000 HUF |
Financial Director | 1,040,000 HUF |
Financial Encoder | 301,000 HUF |
Financial Manager | 978,000 HUF |
Financial Manager | 966,000 HUF |
Financial Modelling Analyst | 626,000 HUF |
Financial Operations Manager | 959,000 HUF |
Financial Policy Analyst | 581,000 HUF |
Financial Project Manager | 769,000 HUF |
Financial Quantitative Analyst | 635,000 HUF |
Financial Reporting Consultant | 523,000 HUF |
Financial Reporting Manager | 717,000 HUF |
Financial Section Head | 675,000 HUF |
Financial Services Manager | 904,000 HUF |
Financial Services Sales Agent | 380,000 HUF |
Financial Technology Consultant | 557,000 HUF |
Financial Wellness Coach | 739,000 HUF |
FinTech Analyst | 630,000 HUF |
Fixed Assets Administrator | 392,000 HUF |
Forensic Accountant | 443,000 HUF |
Fraud Detection Supervisor | 451,000 HUF |
Fraud Prevention Manager | 758,000 HUF |
Fund Accountant | 361,000 HUF |
Grants Coordinator | 260,000 HUF |
Green Finance Analyst | 565,000 HUF |
Group Financial Manager | 1,020,000 HUF |
Internal Auditor | 488,000 HUF |
Internal Control Adviser | 575,000 HUF |
Internal Control Officer | 324,000 HUF |
International Tax Director | 869,000 HUF |
Inventory Accountant | 392,000 HUF |
Investment Advisor | 929,000 HUF |
Investment Analyst | 697,000 HUF |
Investment Associate | 592,000 HUF |
Investment Broker | 602,000 HUF |
Investment Fund Manager | 800,000 HUF |
Investment Operations Manager | 813,000 HUF |
Investment Underwriter | 310,000 HUF |
Investor | 486,000 HUF |
Investor Relations Manager | 695,000 HUF |
KYC Team Leader | 725,000 HUF |
Loan Processor | 309,000 HUF |
Management Accountant | 412,000 HUF |
Management Economist | 805,000 HUF |
Paymaster | 298,000 HUF |
Payroll Administrator | 463,000 HUF |
Payroll Benefits Coordinator | 387,000 HUF |
Payroll Billing Manager | 650,000 HUF |
Payroll Clerk | 311,000 HUF |
Payroll Manager | 664,000 HUF |
Payroll Officer | 315,000 HUF |
Payroll Specialist | 383,000 HUF |
Payroll Supervisor | 470,000 HUF |
Pensions Administrator | 366,000 HUF |
Personal Financial Advisor | 519,000 HUF |
Pricing Analyst | 602,000 HUF |
Private Equity Analyst | 667,000 HUF |
Project Accountant | 398,000 HUF |
Proposal Development Coordinator | 307,000 HUF |
Quantitative Trader | 527,000 HUF |
Receivables Accountant | 342,000 HUF |
Regulatory Accountant | 380,000 HUF |
Retirement Plan Analyst | 583,000 HUF |
Revenue Management Specialist | 616,000 HUF |
Revenue Recognition Analyst | 655,000 HUF |
Risk Management Director | 854,000 HUF |
Risk Management Supervisor | 715,000 HUF |
Staff Accountant | 337,000 HUF |
Tax Accountant | 350,000 HUF |
Tax Administrator | 400,000 HUF |
Tax Advisor | 573,000 HUF |
Tax Analyst | 527,000 HUF |
Tax Associate | 320,000 HUF |
Tax Consultant | 558,000 HUF |
Tax Director | 824,000 HUF |
Tax Examiner | 380,000 HUF |
Tax Manager | 750,000 HUF |
Tax Research Manager | 761,000 HUF |
Teller | 226,000 HUF |
Treasury Accountant | 379,000 HUF |
Treasury Analyst | 619,000 HUF |
Underwriter | 262,000 HUF |
Underwriting Assistant | 250,000 HUF |
Vice President of Finance | 1,000,000 HUF |
Accounting and Finance Jobs Pay Scale and Salaries in Budapest
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/budapest/accounting-and-finance/median-and-salary-distribution-monthly-budapest-accounting-and-finance.jpg 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?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/accounting-and-finance/salary-comparison-by-gender-monthly-hungary-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/salary-comparison-by-gender-monthly-hungary.jpg
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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/accounting-and-finance/annual-salary-increment-rate-hungary-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/annual-salary-increment-rate-hungary.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/accounting-and-finance/annual-salary-bonus-rate-hungary-accounting-and-finance.jpg
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 BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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
Budapest | 519,000 HUF |
Debrecen | 486,000 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