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Accounting and Finance Average Salaries in Lithuania 2023

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

Average Monthly Salary
3,370 LTL
( 40,400 LTL yearly)


A person working in Accounting and Finance in Lithuania typically earns around 3,370 LTL per month. Salaries range from 1,360 LTL (lowest average) to 6,770 LTL (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 Examiner1,780 LTL
Account Executive2,870 LTL
Accountant2,300 LTL
Accounting Assistant1,850 LTL
Accounting Associate1,660 LTL
Accounting Clerk1,430 LTL
Accounting Coordinator2,140 LTL
Accounting Manager4,870 LTL
Accounting Supervisor3,320 LTL
Accounting Technician1,570 LTL
Accounts Executive2,980 LTL
Accounts Payable and Receivable Specialist2,470 LTL
Accounts Payable Clerk1,750 LTL
Accounts Payable Manager4,750 LTL
Accounts Receivable Clerk1,830 LTL
Accounts Receivable Manager4,440 LTL
Assistant Accounting Manager4,220 LTL
Assistant Auditor2,450 LTL
Audit Supervisor4,260 LTL
Auditing Clerk1,830 LTL
Auditing Manager4,830 LTL
Billing Coordinator2,090 LTL
Billing Specialist2,600 LTL
Billing Supervisor3,450 LTL
Bookkeeper1,520 LTL
Bookkeeping Specialist2,150 LTL
Budget Analyst4,070 LTL
Budget Manager5,000 LTL
Business Support Analyst2,760 LTL
Capital Markets Associate3,680 LTL
Cash Flow Analyst3,390 LTL
Cash Management Officer2,710 LTL
Cashbook Clerk1,620 LTL
Chartered Accountant3,080 LTL
Collections Clerk1,390 LTL
Collections Specialist2,510 LTL
Corporate Treasurer4,710 LTL
Cost Accountant2,400 LTL
Cost Accounting Manager4,530 LTL
Cost Analyst3,730 LTL
Credit and Collection Manager4,840 LTL
Credit and Collection Staff1,880 LTL
Credit and Loans Officer1,730 LTL
Credit Controller3,130 LTL
Debt Adviser3,880 LTL
Debt Collector1,930 LTL
Debtors Clerk1,570 LTL
Deputy CFO6,310 LTL
Derivative Trader4,140 LTL
Escrow Assistant2,030 LTL
External Auditor3,330 LTL
Finance Associate2,090 LTL
Finance Executive5,050 LTL
Finance Licensing Clerk1,630 LTL
Finance Licensing Manager4,420 LTL
Finance Licensing Specialist2,570 LTL
Finance Officer2,210 LTL
Finance President6,960 LTL
Finance Relationship Manager5,420 LTL
Finance Release Analyst2,650 LTL
Finance Team Leader 5,340 LTL
Financial Actuary3,550 LTL
Financial Administrator3,720 LTL
Financial Analyst4,090 LTL
Financial Applications Specialist2,850 LTL
Financial Assistant1,880 LTL
Financial Associate1,860 LTL
Financial Claims Analyst3,020 LTL
Financial Claims Manager4,090 LTL
Financial Commercial Analyst3,410 LTL
Financial Compliance Analyst3,760 LTL
Financial Consultant3,230 LTL
Financial Controller3,800 LTL
Financial Coordinator2,100 LTL
Financial Customer Service Manager4,150 LTL
Financial Dealer and Broker2,650 LTL
Financial Encoder2,080 LTL
Financial Manager6,720 LTL
Financial Operations Manager5,890 LTL
Financial Policy Analyst3,740 LTL
Financial Project Manager4,700 LTL
Financial Quantitative Analyst4,060 LTL
Financial Reporting Consultant3,470 LTL
Financial Reporting Manager4,620 LTL
Financial Services Sales Agent2,470 LTL
Fixed Assets Administrator2,410 LTL
Forensic Accountant2,730 LTL
Fraud Detection Supervisor2,870 LTL
Fraud Prevention Manager4,870 LTL
Fund Accountant2,340 LTL
Grants Coordinator1,700 LTL
Internal Auditor3,260 LTL
Internal Control Adviser3,660 LTL
Internal Control Officer2,080 LTL
Inventory Accountant2,410 LTL
Investment Analyst4,580 LTL
Investment Fund Manager5,300 LTL
Investment Underwriter2,070 LTL
Investor3,130 LTL
Investor Relations Manager4,510 LTL
KYC Team Leader4,670 LTL
Management Economist5,230 LTL
Paymaster1,900 LTL
Payroll Clerk1,960 LTL
Payroll Manager4,210 LTL
Pensions Administrator2,380 LTL
Pricing Analyst3,810 LTL
Private Equity Analyst4,100 LTL
Proposal Development Coordinator2,000 LTL
Receivables Accountant2,080 LTL
Regulatory Accountant2,480 LTL
Retirement Plan Analyst3,710 LTL
Revenue Management Specialist3,950 LTL
Revenue Recognition Analyst4,530 LTL
Risk Management Director5,640 LTL
Risk Management Supervisor4,750 LTL
Tax Accountant2,130 LTL
Tax Advisor3,690 LTL
Tax Associate1,960 LTL
Tax Manager5,020 LTL
Teller1,390 LTL
Treasury Accountant2,460 LTL
Treasury Analyst3,780 LTL
Underwriter1,600 LTL
Underwriting Assistant1,540 LTL
Vice President of Finance6,390 LTL

Accounting and Finance Jobs Salary Distribution in Lithuania

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

  • Salary Range

    Accounting and Finance salaries in Lithuania range from 1,360 LTL per month (minimum average salary) to 6,770 LTL per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 3,100 LTL per month, which means that half (50%) of people working in Accounting and Finance are earning less than 3,100 LTL while the other half are earning more than 3,100 LTL. 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 2,010 LTL while 75% of them are earning more than 2,010 LTL. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 4,540 LTL while 25% are earning more than 4,540 LTL.

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 Lithuania costs anywhere from 16,400 Lithuanian Litas(s) to 49,100 Lithuanian Litas(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 Lithuania 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 Lithuania who work in Accounting and Finance earn 5% more than their female counterparts on average.

3,450 LTL
3,280 LTL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Lithuania for all Careers

Salary comparison by gender monthly Lithuania
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Accounting and Finance Average Annual Salary Increment Percentage in Lithuania

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

Accounting and Finance

Accounting and Finance professionals in Lithuania are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Lithuania 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.

Lithuania / 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 Lithuania is 5%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Lithuania for the year 2022. 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 Lithuania

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Lithuania 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.

29% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 71% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Lithuania

19 LTL per hour

The average hourly wage (pay per hour) in Lithuania is 19 LTL. This means that the average person in Lithuania earns approximately 19 LTL 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 Lithuania
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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
Vilnius3,870 LTL

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 Lithuania earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
3,190 LTL
Public Sector+7%
3,410 LTL
Percentage increase and decrease are relative to the previous value

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