A person working in Accounting and Finance in Malta typically earns around 4,700 EUR per month. Salaries range from 1,930 EUR (lowest average) to 9,560 EUR (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.
|Job Title||Average Salary|
|Account Examiner||2,460 EUR|
|Account Executive||4,040 EUR|
|Accounting Assistant||2,560 EUR|
|Accounting Associate||2,400 EUR|
|Accounting Clerk||2,000 EUR|
|Accounting Coordinator||2,960 EUR|
|Accounting Manager||6,880 EUR|
|Accounting Supervisor||4,430 EUR|
|Accounting Technician||2,240 EUR|
|Accounts Executive||4,090 EUR|
|Accounts Payable and Receivable Specialist||3,230 EUR|
|Accounts Payable Clerk||2,490 EUR|
|Accounts Payable Manager||6,830 EUR|
|Accounts Receivable Clerk||2,410 EUR|
|Accounts Receivable Manager||6,500 EUR|
|Assistant Accounting Manager||6,380 EUR|
|Assistant Auditor||3,170 EUR|
|Audit Supervisor||5,900 EUR|
|Auditing Clerk||2,540 EUR|
|Auditing Manager||6,940 EUR|
|Billing Coordinator||2,980 EUR|
|Billing Specialist||3,400 EUR|
|Billing Supervisor||5,100 EUR|
|Bookkeeping Specialist||3,050 EUR|
|Budget Analyst||5,540 EUR|
|Budget Manager||6,860 EUR|
|Business Support Analyst||3,580 EUR|
|Capital Markets Associate||4,950 EUR|
|Cash Flow Analyst||5,180 EUR|
|Cash Management Officer||3,810 EUR|
|Cashbook Clerk||2,330 EUR|
|Chartered Accountant||4,380 EUR|
|Collections Clerk||2,000 EUR|
|Collections Specialist||3,380 EUR|
|Corporate Treasurer||6,340 EUR|
|Cost Accountant||3,230 EUR|
|Cost Accounting Manager||6,810 EUR|
|Cost Analyst||5,110 EUR|
|Credit and Collection Manager||6,650 EUR|
|Credit and Collection Staff||2,470 EUR|
|Credit and Loans Officer||2,390 EUR|
|Credit Controller||4,680 EUR|
|Debt Adviser||5,720 EUR|
|Debt Collector||2,610 EUR|
|Debtors Clerk||2,270 EUR|
|Deputy CFO||8,810 EUR|
|Derivative Trader||5,520 EUR|
|Escrow Assistant||2,860 EUR|
|External Auditor||4,830 EUR|
|Finance Associate||2,960 EUR|
|Finance Executive||7,320 EUR|
|Finance Licensing Clerk||2,470 EUR|
|Finance Licensing Manager||6,100 EUR|
|Finance Licensing Specialist||3,580 EUR|
|Finance Officer||3,050 EUR|
|Finance President||9,330 EUR|
|Finance Relationship Manager||7,810 EUR|
|Finance Release Analyst||3,950 EUR|
|Finance Team Leader||7,390 EUR|
|Financial Actuary||4,850 EUR|
|Financial Administrator||5,420 EUR|
|Financial Analyst||5,830 EUR|
|Financial Applications Specialist||4,320 EUR|
|Financial Assistant||2,610 EUR|
|Financial Associate||2,660 EUR|
|Financial Claims Analyst||4,330 EUR|
|Financial Claims Manager||5,930 EUR|
|Financial Commercial Analyst||4,680 EUR|
|Financial Compliance Analyst||5,210 EUR|
|Financial Consultant||4,600 EUR|
|Financial Controller||5,320 EUR|
|Financial Coordinator||3,120 EUR|
|Financial Customer Service Manager||5,850 EUR|
|Financial Dealer and Broker||3,730 EUR|
|Financial Encoder||2,840 EUR|
|Financial Manager||8,780 EUR|
|Financial Operations Manager||8,350 EUR|
|Financial Policy Analyst||4,940 EUR|
|Financial Project Manager||7,060 EUR|
|Financial Quantitative Analyst||5,860 EUR|
|Financial Reporting Consultant||4,870 EUR|
|Financial Reporting Manager||6,090 EUR|
|Financial Services Sales Agent||3,640 EUR|
|Fixed Assets Administrator||3,410 EUR|
|Forensic Accountant||3,940 EUR|
|Fraud Detection Supervisor||4,080 EUR|
|Fraud Prevention Manager||6,980 EUR|
|Fund Accountant||3,060 EUR|
|Grants Coordinator||2,470 EUR|
|Internal Auditor||4,310 EUR|
|Internal Control Adviser||5,210 EUR|
|Internal Control Officer||2,980 EUR|
|Inventory Accountant||3,320 EUR|
|Investment Analyst||6,750 EUR|
|Investment Fund Manager||7,310 EUR|
|Investment Underwriter||2,880 EUR|
|Investor Relations Manager||6,650 EUR|
|KYC Team Leader||6,480 EUR|
|Management Economist||7,700 EUR|
|Payroll Clerk||2,780 EUR|
|Payroll Manager||6,030 EUR|
|Pensions Administrator||3,500 EUR|
|Pricing Analyst||5,470 EUR|
|Private Equity Analyst||5,960 EUR|
|Proposal Development Coordinator||2,940 EUR|
|Receivables Accountant||3,150 EUR|
|Regulatory Accountant||3,530 EUR|
|Retirement Plan Analyst||5,280 EUR|
|Revenue Management Specialist||5,670 EUR|
|Revenue Recognition Analyst||6,020 EUR|
|Risk Management Director||7,640 EUR|
|Risk Management Supervisor||6,500 EUR|
|Tax Accountant||3,150 EUR|
|Tax Advisor||5,250 EUR|
|Tax Associate||2,920 EUR|
|Tax Manager||6,940 EUR|
|Treasury Accountant||3,440 EUR|
|Treasury Analyst||5,540 EUR|
|Underwriting Assistant||2,110 EUR|
|Vice President of Finance||9,080 EUR|
Accounting and Finance salaries in Malta range from 1,930 EUR per month (minimum average salary) to 9,560 EUR per month (maximum average salary, actual maximum is higher).
The median salary is 4,320 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 4,320 EUR while the other half are earning more than 4,320 EUR. 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.
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 2,810 EUR while 75% of them are earning more than 2,810 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 6,390 EUR while 25% are earning more than 6,390 EUR.
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
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.
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.
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.
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.
A Master's degree program or any post-graduate program in Malta costs anywhere from 23,100 Euro(s) to 69,400 Euro(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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Malta who work in Accounting and Finance earn 6% more than their female counterparts on average.
Accounting and Finance professionals in Malta are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
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.
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
Listed above are the average annual increase rates for each industry in Malta 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.
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.
44% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 56% 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.
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.
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.
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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector employees in Malta earn 10% more than their private sector counterparts on average across all sectors.
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.
The average salary for Accounting and Finance is 2% more than that of All Jobs.