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Accounting and Finance Average Salaries in Lebanon 2022

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


Average Monthly Salary
2,350,000 LBP
( 28,200,000 LBP yearly)

LOW
950,000
LBP
AVERAGE
2,350,000
LBP
HIGH
4,710,000
LBP

A person working in Accounting and Finance in Lebanon typically earns around 2,350,000 LBP per month. Salaries range from 950,000 LBP (lowest average) to 4,710,000 LBP (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. 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
Account Examiner1,170,000 LBP
Account Executive2,150,000 LBP
Accountant1,630,000 LBP
Accounting Assistant1,300,000 LBP
Accounting Associate1,240,000 LBP
Accounting Clerk998,000 LBP
Accounting Coordinator1,410,000 LBP
Accounting Manager3,390,000 LBP
Accounting Supervisor2,230,000 LBP
Accounting Technician1,180,000 LBP
Accounts Executive2,180,000 LBP
Accounts Payable and Receivable Specialist1,650,000 LBP
Accounts Payable Clerk1,210,000 LBP
Accounts Payable Manager3,280,000 LBP
Accounts Receivable Clerk1,260,000 LBP
Accounts Receivable Manager3,350,000 LBP
Assistant Accounting Manager3,230,000 LBP
Assistant Auditor1,570,000 LBP
Audit Supervisor3,130,000 LBP
Auditing Clerk1,350,000 LBP
Auditing Manager3,480,000 LBP
Billing Coordinator1,460,000 LBP
Billing Specialist1,670,000 LBP
Billing Supervisor2,450,000 LBP
Bookkeeper1,080,000 LBP
Bookkeeping Specialist1,610,000 LBP
Budget Analyst2,870,000 LBP
Budget Manager3,500,000 LBP
Business Support Analyst1,770,000 LBP
Capital Markets Associate2,550,000 LBP
Cash Flow Analyst2,610,000 LBP
Cash Management Officer1,870,000 LBP
Cashbook Clerk1,160,000 LBP
Chartered Accountant2,110,000 LBP
Collections Clerk1,010,000 LBP
Collections Specialist1,680,000 LBP
Corporate Treasurer3,150,000 LBP
Cost Accountant1,680,000 LBP
Cost Accounting Manager3,340,000 LBP
Cost Analyst2,730,000 LBP
Credit and Collection Manager3,390,000 LBP
Credit and Collection Staff1,290,000 LBP
Credit and Loans Officer1,140,000 LBP
Credit Controller2,380,000 LBP
Debt Adviser2,630,000 LBP
Debt Collector1,310,000 LBP
Debtors Clerk1,100,000 LBP
Deputy CFO4,370,000 LBP
Derivative Trader2,780,000 LBP
Escrow Assistant1,460,000 LBP
External Auditor2,390,000 LBP
Finance Associate1,480,000 LBP
Finance Executive3,620,000 LBP
Finance Licensing Clerk1,250,000 LBP
Finance Licensing Manager3,050,000 LBP
Finance Licensing Specialist1,760,000 LBP
Finance Officer1,520,000 LBP
Finance President5,050,000 LBP
Finance Relationship Manager3,770,000 LBP
Finance Release Analyst1,870,000 LBP
Finance Team Leader 3,520,000 LBP
Financial Actuary2,430,000 LBP
Financial Administrator2,730,000 LBP
Financial Analyst2,970,000 LBP
Financial Applications Specialist2,110,000 LBP
Financial Assistant1,380,000 LBP
Financial Associate1,390,000 LBP
Financial Claims Analyst2,280,000 LBP
Financial Claims Manager3,070,000 LBP
Financial Commercial Analyst2,410,000 LBP
Financial Compliance Analyst2,770,000 LBP
Financial Consultant2,220,000 LBP
Financial Controller2,520,000 LBP
Financial Coordinator1,540,000 LBP
Financial Customer Service Manager3,000,000 LBP
Financial Dealer and Broker1,750,000 LBP
Financial Encoder1,400,000 LBP
Financial Manager4,390,000 LBP
Financial Manager4,540,000 LBP
Financial Operations Manager4,380,000 LBP
Financial Policy Analyst2,510,000 LBP
Financial Project Manager3,460,000 LBP
Financial Quantitative Analyst2,730,000 LBP
Financial Reporting Consultant2,460,000 LBP
Financial Reporting Manager3,090,000 LBP
Financial Services Sales Agent1,820,000 LBP
Fixed Assets Administrator1,790,000 LBP
Forensic Accountant1,900,000 LBP
Fraud Detection Supervisor2,060,000 LBP
Fraud Prevention Manager3,470,000 LBP
Fund Accountant1,500,000 LBP
Grants Coordinator1,280,000 LBP
Internal Auditor2,100,000 LBP
Internal Control Adviser2,630,000 LBP
Internal Control Officer1,480,000 LBP
Inventory Accountant1,660,000 LBP
Investment Analyst3,230,000 LBP
Investment Fund Manager3,620,000 LBP
Investment Underwriter1,410,000 LBP
Investor2,090,000 LBP
Investor Relations Manager3,330,000 LBP
KYC Team Leader3,280,000 LBP
Management Economist3,850,000 LBP
Paymaster1,350,000 LBP
Payroll Clerk1,470,000 LBP
Payroll Manager3,140,000 LBP
Pensions Administrator1,750,000 LBP
Pricing Analyst2,850,000 LBP
Private Equity Analyst2,970,000 LBP
Proposal Development Coordinator1,470,000 LBP
Receivables Accountant1,600,000 LBP
Regulatory Accountant1,800,000 LBP
Retirement Plan Analyst2,660,000 LBP
Revenue Management Specialist2,820,000 LBP
Revenue Recognition Analyst3,130,000 LBP
Risk Management Director4,110,000 LBP
Risk Management Supervisor3,120,000 LBP
Tax Accountant1,520,000 LBP
Tax Advisor2,540,000 LBP
Tax Associate1,390,000 LBP
Tax Manager3,280,000 LBP
Teller994,000 LBP
Treasury Accountant1,720,000 LBP
Treasury Analyst2,850,000 LBP
Underwriter1,180,000 LBP
Underwriting Assistant1,130,000 LBP
Vice President of Finance4,580,000 LBP

Accounting and Finance Jobs Salary Distribution in Lebanon

Median and salary distribution monthly Lebanon Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Lebanon range from 950,000 LBP per month (minimum average salary) to 4,710,000 LBP per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,490,000 LBP per month, which means that half (50%) of people working in Accounting and Finance are earning less than 2,490,000 LBP while the other half are earning more than 2,490,000 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 people working in Accounting and Finance are earning less than 1,550,000 LBP while 75% of them are earning more than 1,550,000 LBP. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 3,820,000 LBP while 25% are earning more than 3,820,000 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

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 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.


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.

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.

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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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 degrees levels across many jobs, below are our findings.


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.

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 cerificate 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 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly Lebanon Accounting and Finance
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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 employees in Lebanon who work in Accounting and Finance earn 16% more than their female counterparts on average.

Male
2,540,000 LBP
Female-13%
2,200,000 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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Accounting and Finance Average Annual Salary Increment Percentage in Lebanon

How much are annual salary increments in Lebanon for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Lebanon are likely to observe a salary increase of approximately 9% every 18 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Lebanon 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.

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 2021

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 2021. 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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Accounting and Finance Bonus and Incentive Rates in Lebanon

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Lebanon Accounting and Finance
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Accounting and Finance is considered to be a high bonus-based field 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.

23% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
77%
No Bonus
23%

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.

Accounting and Finance Hourly Average Wage in Lebanon


13,500 LBP per hour

The average hourly wage (pay per hour) in Lebanon is 13,500 LBP. This means that the average person in Lebanon earns approximately 13,500 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Lebanon
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The average salary for Accounting and Finance is 3% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Beirut2,560,000 LBP

Government vs Private Sector Salary Comparison

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

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