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Chartered Accountant Average Salary in Lebanon 2020

How much money does a Chartered Accountant make in Lebanon?


Average Monthly Salary
2,110,000 LBP
( 25,400,000 LBP yearly)

LOW
1,060,000
LBP
AVERAGE
2,110,000
LBP
HIGH
3,270,000
LBP

A person working as a Chartered Accountant in Lebanon typically earns around 2,110,000 LBP per month. Salaries range from 1,060,000 LBP (lowest) to 3,270,000 LBP (highest).

This is the average monthly salary including housing, transport, and other benefits. Chartered Accountant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Chartered Accountant Salary Distribution in Lebanon

Median and salary distribution monthly Lebanon Chartered Accountant
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The median, the maximum, the minimum, and the range

  • Salary Range

    Chartered Accountant salaries in Lebanon range from 1,060,000 LBP per month (minimum salary) to 3,270,000 LBP per month (maximum salary).

  • Median Salary

    The median salary is 2,110,000 LBP per month, which means that half (50%) of people working as Chartered Accountant(s) are earning less than 2,110,000 LBP while the other half are earning more than 2,110,000 LBP. 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 Chartered Accountant(s) are earning less than 1,430,000 LBP while 75% of them are earning more than 1,430,000 LBP. Also from the diagram, 75% of Chartered Accountant(s) are earning less than 2,690,000 LBP while 25% are earning more than 2,690,000 LBP.


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

Chartered Accountant Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Lebanon Chartered Accountant
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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 Chartered Accountant salaries by experience level and this is what we found.

A Chartered Accountant with less than two years of experience makes approximately 1,270,000 LBP per month.

While someone with an experience level between two and five years is expected to earn 1,680,000 LBP per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,240,000 LBP per month, 34% 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, Chartered Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,680,000 LBP per month, 19% 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 2,890,000 LBP per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,100,000 LBP per month, 7% more than people with fifteen to twenty years of experience.


Chartered Accountant average salary change by experience in Lebanon

0 - 2 Years
1,270,000 LBP
2 - 5 Years+32%
1,680,000 LBP
5 - 10 Years+34%
2,240,000 LBP
10 - 15 Years+19%
2,680,000 LBP
15 - 20 Years+8%
2,890,000 LBP
20+ Years+7%
3,100,000 LBP
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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Chartered Accountant Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Chartered Accountant(s) who have the same experience but different education levels.

Salary comparison by education level monthly Lebanon Chartered Accountant
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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 Chartered Accountant salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of a Chartered Accountant is 1,680,000 LBP per month.

While someone with a Bachelor's Degree gets a salary of 2,300,000 LBP per month, 37% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 2,960,000 LBP per month, 29% more than someone with a Bachelor's Degree.


Chartered Accountant average salary difference by education level in Lebanon

Certificate or Diploma
1,680,000 LBP
Bachelor's Degree+37%
2,300,000 LBP
Master's Degree+29%
2,960,000 LBP
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 Lebanon costs anywhere from 11,400,000 Lebanese Pound(s) to 34,200,000 Lebanese Pound(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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Chartered Accountant Salary Comparison By Gender

Salary comparison by gender monthly Lebanon Chartered Accountant
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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 Chartered Accountant employees in Lebanon earn 9% more than their female counterparts on average.

Female
2,010,000 LBP
Male+9%
2,190,000 LBP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Lebanon for all Careers

Salary comparison by gender monthly Lebanon
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Chartered Accountant Average Annual Salary Increment Percentage in Lebanon

How much are annual salary increments in Lebanon for Chartered Accountant(s)? How often do employees get salary raises?

Chartered Accountant

Chartered Accountant(s) in Lebanon are likely to observe a salary increase of approximately 10% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Lebanon Chartered Accountant
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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.

Lebanon / 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 Lebanon is 4%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Lebanon 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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Chartered Accountant Bonus and Incentive Rates in Lebanon

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Lebanon Chartered Accountant
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A Chartered Accountant is considered to be a moderate 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.

49% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 51% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
51%
No Bonus
49%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Lebanon
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Where can you get paid more, working for a private company or for the government? Public sector employees in Lebanon earn 12% more than their private sector counterparts on average across all sectors.

Private Sector
2,120,000 LBP
Public Sector+12%
2,380,000 LBP
Percentage increase and decrease are relative to the previous value

Chartered Accountant Average Hourly Wage in Lebanon


12,200 LBP per hour

The average hourly wage (pay per hour) in Lebanon is 12,200 LBP. This means that the average Chartered Accountant in Lebanon earns approximately 12,200 LBP 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.

Chartered Accountant VS Other Jobs

Salary Comparison Between Chartered Accountant and Accounting and Finance monthly Lebanon
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The average salary for Chartered Accountant is 9% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner1,170,000 LBP-45%
Account Executive2,150,000 LBP+2%
Accountant1,630,000 LBP-23%
Accounting Assistant1,300,000 LBP-38%
Accounting Associate1,240,000 LBP-41%
Accounting Clerk998,000 LBP-53%
Accounting Coordinator1,410,000 LBP-33%
Accounting Manager3,390,000 LBP+60%
Accounting Supervisor2,230,000 LBP+6%
Accounting Technician1,180,000 LBP-44%
Accounts Executive2,180,000 LBP+3%
Accounts Payable and Receivable Specialist1,650,000 LBP-22%
Accounts Payable Clerk1,210,000 LBP-43%
Accounts Payable Manager3,280,000 LBP+55%
Accounts Receivable Clerk1,260,000 LBP-40%
Accounts Receivable Manager3,350,000 LBP+59%
Assistant Accounting Manager3,230,000 LBP+53%
Assistant Auditor1,570,000 LBP-26%
Audit Supervisor3,130,000 LBP+48%
Auditing Clerk1,350,000 LBP-36%
Auditing Manager3,480,000 LBP+65%
Billing Coordinator1,460,000 LBP-31%
Billing Specialist1,670,000 LBP-21%
Billing Supervisor2,450,000 LBP+16%
Bookkeeper1,080,000 LBP-49%
Bookkeeping Specialist1,610,000 LBP-24%
Budget Analyst2,870,000 LBP+36%
Budget Manager3,500,000 LBP+66%
Business Support Analyst1,770,000 LBP-16%
Capital Markets Associate2,550,000 LBP+21%
Cash Flow Analyst2,610,000 LBP+24%
Cash Management Officer1,870,000 LBP-11%
Cashbook Clerk1,160,000 LBP-45%
Chartered Accountant2,110,000 LBP-0%
Collections Clerk1,010,000 LBP-52%
Collections Specialist1,680,000 LBP-20%
Corporate Treasurer3,150,000 LBP+49%
Cost Accountant1,680,000 LBP-20%
Cost Accounting Manager3,340,000 LBP+58%
Cost Analyst2,730,000 LBP+29%
Credit and Collection Manager3,390,000 LBP+60%
Credit and Collection Staff1,290,000 LBP-39%
Credit and Loans Officer1,140,000 LBP-46%
Credit Controller2,380,000 LBP+13%
Debt Adviser2,630,000 LBP+24%
Debt Collector1,310,000 LBP-38%
Debtors Clerk1,100,000 LBP-48%
Deputy CFO4,370,000 LBP+110%
Derivative Trader2,780,000 LBP+32%
Escrow Assistant1,460,000 LBP-31%
External Auditor2,390,000 LBP+13%
Finance Associate1,480,000 LBP-30%
Finance Executive3,620,000 LBP+71%
Finance Licensing Clerk1,250,000 LBP-41%
Finance Licensing Manager3,050,000 LBP+44%
Finance Licensing Specialist1,760,000 LBP-17%
Finance Officer1,520,000 LBP-28%
Finance President5,050,000 LBP+140%
Finance Relationship Manager3,770,000 LBP+78%
Finance Release Analyst1,870,000 LBP-11%
Finance Team Leader 3,520,000 LBP+67%
Financial Actuary2,430,000 LBP+15%
Financial Administrator2,730,000 LBP+29%
Financial Analyst2,970,000 LBP+41%
Financial Applications Specialist2,110,000 LBP-0%
Financial Assistant1,380,000 LBP-35%
Financial Associate1,390,000 LBP-34%
Financial Claims Analyst2,280,000 LBP+8%
Financial Claims Manager3,070,000 LBP+45%
Financial Commercial Analyst2,410,000 LBP+14%
Financial Compliance Analyst2,770,000 LBP+31%
Financial Consultant2,220,000 LBP+5%
Financial Controller2,520,000 LBP+19%
Financial Coordinator1,540,000 LBP-27%
Financial Customer Service Manager3,000,000 LBP+42%
Financial Dealer and Broker1,750,000 LBP-17%
Financial Encoder1,400,000 LBP-34%
Financial Manager4,390,000 LBP+110%
Financial Operations Manager4,380,000 LBP+110%
Financial Policy Analyst2,510,000 LBP+19%
Financial Project Manager3,460,000 LBP+64%
Financial Quantitative Analyst2,730,000 LBP+29%
Financial Reporting Consultant2,460,000 LBP+16%
Financial Reporting Manager3,090,000 LBP+46%
Financial Services Sales Agent1,820,000 LBP-14%
Fixed Assets Administrator1,790,000 LBP-15%
Forensic Accountant1,900,000 LBP-10%
Fraud Detection Supervisor2,060,000 LBP-2%
Fraud Prevention Manager3,470,000 LBP+64%
Fund Accountant1,500,000 LBP-29%
Grants Coordinator1,280,000 LBP-39%
Internal Auditor2,100,000 LBP-1%
Internal Control Adviser2,630,000 LBP+24%
Internal Control Officer1,480,000 LBP-30%
Inventory Accountant1,660,000 LBP-21%
Investment Analyst3,230,000 LBP+53%
Investment Fund Manager3,620,000 LBP+71%
Investment Underwriter1,410,000 LBP-33%
Investor2,090,000 LBP-1%
Investor Relations Manager3,330,000 LBP+58%
KYC Team Leader3,280,000 LBP+55%
Management Economist3,850,000 LBP+82%
Paymaster1,350,000 LBP-36%
Payroll Clerk1,470,000 LBP-30%
Payroll Manager3,140,000 LBP+49%
Pensions Administrator1,750,000 LBP-17%
Pricing Analyst2,850,000 LBP+35%
Private Equity Analyst2,970,000 LBP+41%
Proposal Development Coordinator1,470,000 LBP-30%
Receivables Accountant1,600,000 LBP-24%
Regulatory Accountant1,800,000 LBP-15%
Retirement Plan Analyst2,660,000 LBP+26%
Revenue Management Specialist2,820,000 LBP+33%
Revenue Recognition Analyst3,130,000 LBP+48%
Risk Management Director4,110,000 LBP+95%
Risk Management Supervisor3,120,000 LBP+48%
Tax Accountant1,520,000 LBP-28%
Tax Advisor2,540,000 LBP+20%
Tax Associate1,390,000 LBP-34%
Tax Manager3,280,000 LBP+55%
Teller994,000 LBP-53%
Treasury Accountant1,720,000 LBP-19%
Treasury Analyst2,850,000 LBP+35%
Underwriter1,180,000 LBP-44%
Underwriting Assistant1,130,000 LBP-47%
Vice President of Finance4,580,000 LBP+120%

Salary Comparison By City

CityAverage Salary
Beirut2,400,000 LBP
0 - 0

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