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Accountant Average Salary in Mexico 2022

How much money does an Accountant make in Mexico?


Average Monthly Salary
22,400 MXN
( 268,000 MXN yearly)

LOW
11,200
MXN
AVERAGE
22,400
MXN
HIGH
34,700
MXN

A person working as an Accountant in Mexico typically earns around 22,400 MXN per month. Salaries range from 11,200 MXN (lowest) to 34,700 MXN (highest).

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

Accountant Salary Distribution in Mexico

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

  • Salary Range

    Accountant salaries in Mexico range from 11,200 MXN per month (minimum salary) to 34,700 MXN per month (maximum salary).

  • Median Salary

    The median salary is 22,400 MXN per month, which means that half (50%) of people working as Accountant(s) are earning less than 22,400 MXN while the other half are earning more than 22,400 MXN. 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 Accountant(s) are earning less than 15,100 MXN while 75% of them are earning more than 15,100 MXN. Also from the diagram, 75% of Accountant(s) are earning less than 28,500 MXN while 25% are earning more than 28,500 MXN.


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

Accountant Salary Comparison by Years of Experience

How does experience and age affect your pay?

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

An Accountant with less than two years of experience makes approximately 13,400 MXN per month.

While someone with an experience level between two and five years is expected to earn 17,800 MXN 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 23,700 MXN 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, Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 28,300 MXN 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 30,500 MXN 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 32,800 MXN per month, 7% more than people with fifteen to twenty years of experience.


Accountant average salary change by experience in Mexico

0 - 2 Years
13,400 MXN
2 - 5 Years+32%
17,800 MXN
5 - 10 Years+34%
23,700 MXN
10 - 15 Years+19%
28,300 MXN
15 - 20 Years+8%
30,500 MXN
20+ Years+7%
32,800 MXN
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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Accountant Salary Comparison By Education

How do education levels affect salaries?

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

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

When the education level is High School, the average salary of an Accountant is 16,800 MXN per month.

While someone with a Certificate or Diploma gets a salary of 19,200 MXN per month, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 26,000 MXN per month, 36% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 32,800 MXN per month, 26% more than someone with Bachelor's Degree.


Accountant average salary difference by education level in Mexico

High School
16,800 MXN
Certificate or Diploma+14%
19,200 MXN
Bachelor's Degree+36%
26,000 MXN
Master's Degree+26%
32,800 MXN
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 Mexico costs anywhere from 166,000 Mexican Peso(s) to 498,000 Mexican Peso(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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Accountant Salary Comparison By Gender

Salary comparison by gender monthly Mexico 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 Accountant employees in Mexico earn 6% more than their female counterparts on average.

Male
22,900 MXN
Female-6%
21,600 MXN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Mexico for all Careers

Salary comparison by gender monthly Mexico
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Accountant Average Annual Salary Increment Percentage in Mexico

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

Accountant

Accountant(s) in Mexico are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Mexico 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.

Mexico / 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 Mexico is 5%.

Annual Increment Rate By Industry 2021

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Mexico Accountant
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An 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.

46% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 54% 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
54%
No Bonus
46%

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.

Accountant Average Hourly Wage in Mexico


130 MXN per hour

The average hourly wage (pay per hour) in Mexico is 130 MXN. This means that the average Accountant in Mexico earns approximately 130 MXN 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.

Accountant VS Other Jobs

Salary Comparison Between Accountant and Accounting and Finance monthly Mexico
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The average salary for Accountant is 35% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner17,500 MXN-22%
Account Executive28,900 MXN+29%
Accountant22,400 MXN+0%
Accounting Assistant18,200 MXN-19%
Accounting Associate16,400 MXN-27%
Accounting Clerk14,300 MXN-36%
Accounting Coordinator21,000 MXN-6%
Accounting Manager49,500 MXN+120%
Accounting Supervisor33,900 MXN+52%
Accounting Technician17,200 MXN-23%
Accounts Executive28,800 MXN+29%
Accounts Payable and Receivable Specialist23,500 MXN+5%
Accounts Payable Clerk18,000 MXN-19%
Accounts Payable Manager45,000 MXN+100%
Accounts Receivable Clerk17,600 MXN-21%
Accounts Receivable Manager47,800 MXN+110%
Assistant Accounting Manager43,500 MXN+95%
Assistant Auditor23,800 MXN+6%
Audit Supervisor44,700 MXN+100%
Auditing Clerk19,200 MXN-14%
Auditing Manager48,800 MXN+120%
Billing Coordinator20,900 MXN-7%
Billing Specialist24,800 MXN+11%
Billing Supervisor36,500 MXN+63%
Bookkeeper14,800 MXN-34%
Bookkeeping Specialist23,500 MXN+5%
Budget Analyst40,100 MXN+79%
Budget Manager50,000 MXN+120%
Business Support Analyst26,800 MXN+20%
Capital Markets Associate34,400 MXN+54%
Cash Flow Analyst34,400 MXN+54%
Cash Management Officer28,300 MXN+27%
Cashbook Clerk15,300 MXN-32%
Chartered Accountant29,600 MXN+32%
Collections Clerk15,100 MXN-32%
Collections Specialist23,500 MXN+5%
Corporate Treasurer44,100 MXN+97%
Cost Accountant24,000 MXN+7%
Cost Accounting Manager47,700 MXN+110%
Cost Analyst36,000 MXN+61%
Credit and Collection Manager48,400 MXN+120%
Credit and Collection Staff18,100 MXN-19%
Credit and Loans Officer17,000 MXN-24%
Credit Controller32,700 MXN+46%
Debt Adviser38,400 MXN+72%
Debt Collector19,400 MXN-13%
Debtors Clerk15,500 MXN-31%
Deputy CFO65,000 MXN+190%
Derivative Trader42,200 MXN+89%
Escrow Assistant20,500 MXN-8%
External Auditor34,200 MXN+53%
Finance Associate19,900 MXN-11%
Finance Executive51,800 MXN+130%
Finance Licensing Clerk16,800 MXN-25%
Finance Licensing Manager46,200 MXN+110%
Finance Licensing Specialist24,600 MXN+10%
Finance Officer23,100 MXN+3%
Finance President69,300 MXN+210%
Finance Relationship Manager55,000 MXN+150%
Finance Release Analyst25,700 MXN+15%
Finance Team Leader 52,400 MXN+130%
Financial Actuary37,700 MXN+69%
Financial Administrator39,700 MXN+78%
Financial Analyst40,700 MXN+82%
Financial Applications Specialist29,500 MXN+32%
Financial Assistant19,800 MXN-11%
Financial Associate18,700 MXN-16%
Financial Claims Analyst32,500 MXN+45%
Financial Claims Manager40,500 MXN+81%
Financial Commercial Analyst33,000 MXN+48%
Financial Compliance Analyst39,500 MXN+77%
Financial Consultant31,100 MXN+39%
Financial Controller36,700 MXN+64%
Financial Coordinator22,400 MXN+0%
Financial Customer Service Manager42,000 MXN+88%
Financial Dealer and Broker26,000 MXN+16%
Financial Encoder19,200 MXN-14%
Financial Manager62,700 MXN+180%
Financial Operations Manager60,100 MXN+170%
Financial Policy Analyst35,100 MXN+57%
Financial Project Manager49,500 MXN+120%
Financial Quantitative Analyst41,400 MXN+85%
Financial Reporting Consultant33,700 MXN+51%
Financial Reporting Manager43,200 MXN+93%
Financial Services Sales Agent26,000 MXN+16%
Fixed Assets Administrator24,500 MXN+10%
Forensic Accountant27,700 MXN+24%
Fraud Detection Supervisor29,400 MXN+32%
Fraud Prevention Manager45,800 MXN+100%
Fund Accountant22,300 MXN-0%
Grants Coordinator16,900 MXN-24%
Internal Auditor30,700 MXN+37%
Internal Control Adviser37,600 MXN+68%
Internal Control Officer19,600 MXN-12%
Inventory Accountant25,200 MXN+13%
Investment Analyst45,200 MXN+100%
Investment Fund Manager51,700 MXN+130%
Investment Underwriter20,500 MXN-8%
Investor29,300 MXN+31%
Investor Relations Manager47,500 MXN+110%
KYC Team Leader46,000 MXN+110%
Management Economist55,000 MXN+150%
Paymaster18,500 MXN-17%
Payroll Clerk21,400 MXN-4%
Payroll Manager42,300 MXN+89%
Pensions Administrator25,000 MXN+12%
Pricing Analyst38,300 MXN+71%
Private Equity Analyst40,800 MXN+83%
Proposal Development Coordinator21,000 MXN-6%
Receivables Accountant21,500 MXN-4%
Regulatory Accountant24,600 MXN+10%
Retirement Plan Analyst38,100 MXN+70%
Revenue Management Specialist37,200 MXN+66%
Revenue Recognition Analyst42,900 MXN+92%
Risk Management Director55,300 MXN+150%
Risk Management Supervisor47,300 MXN+110%
Tax Accountant22,500 MXN+1%
Tax Advisor35,500 MXN+59%
Tax Associate19,000 MXN-15%
Tax Manager45,900 MXN+110%
Teller14,500 MXN-35%
Treasury Accountant24,600 MXN+10%
Treasury Analyst40,800 MXN+83%
Underwriter16,800 MXN-25%
Underwriting Assistant14,900 MXN-33%
Vice President of Finance65,500 MXN+190%

Salary Comparison By City

CityAverage Salary
Acapulco28,800 MXN
Acuna21,900 MXN
Aguascalientes29,700 MXN
Boca del Rio19,400 MXN
Buenavista22,700 MXN
Campeche23,200 MXN
Cancun28,200 MXN
Celaya24,400 MXN
Chalco20,600 MXN
Chetumal20,000 MXN
Chicoloapan21,200 MXN
Chihuahua27,600 MXN
Chilpancingo21,900 MXN
Chimalhuacan27,900 MXN
Cholula de Rivadabia21,900 MXN
Ciudad Apodaca26,200 MXN
Ciudad del Carmen21,000 MXN
Ciudad Juarez19,300 MXN
Ciudad Lopez Mateos26,700 MXN
Ciudad Obregon23,600 MXN
Ciudad Santa Catarina22,800 MXN
Ciudad Valles18,400 MXN
Ciudad Victoria23,400 MXN
Coacalco23,300 MXN
Coatzacoalcos21,400 MXN
Colima19,100 MXN
Cordoba19,200 MXN
Cuautitlan Izcalli26,800 MXN
Cuautla20,000 MXN
Cuernavaca24,300 MXN
Culiacan29,600 MXN
Delicias18,000 MXN
Durango26,800 MXN
Ecatepec de Morelos29,100 MXN
Ensenada23,100 MXN
Fresnillo18,000 MXN
General Escobedo24,500 MXN
Gomez Palacio22,400 MXN
Guadalajara28,800 MXN
Guadalupe29,200 MXN
Guaymas17,300 MXN
Hermosillo29,400 MXN
Hidalgo del Parral17,000 MXN
Iguala17,900 MXN
Irapuato25,300 MXN
Ixtapaluca23,700 MXN
Jiutepec20,700 MXN
La Paz23,000 MXN
Leon28,300 MXN
Los Mochis24,500 MXN
Los Reyes la Paz24,300 MXN
Manzanillo18,400 MXN
Matamoros26,000 MXN
Mazatlan25,100 MXN
Merida27,100 MXN
Metepec22,300 MXN
Mexicali29,200 MXN
Mexico City29,100 MXN
Minatitlan17,400 MXN
Monclova23,000 MXN
Monterrey28,100 MXN
Morelia28,000 MXN
Naucalpan27,400 MXN
Navojoa17,100 MXN
Nezahualcoyotl27,800 MXN
Nogales22,300 MXN
Nuevo Laredo25,100 MXN
Oaxaca22,100 MXN
Ojo de Agua22,900 MXN
Orizaba17,800 MXN
Pachuca22,200 MXN
Piedras Negras19,800 MXN
Playa del Carmen18,800 MXN
Poza Rica21,500 MXN
Puebla28,700 MXN
Puerto Vallarta22,200 MXN
Queretaro28,100 MXN
Reynosa27,400 MXN
Salamanca20,400 MXN
Saltillo29,300 MXN
San Cristobal de las Casas21,000 MXN
San Juan del Rio18,700 MXN
San Luis Potosi29,400 MXN
San Luis Rio Colorado20,200 MXN
San Nicolas de los Garza26,300 MXN
San Pablo de las Salinas21,500 MXN
San Pedro Garza Garcia17,900 MXN
Soledad de Graciano Sanchez23,800 MXN
Tampico23,700 MXN
Tapachula22,100 MXN
Tehuacan21,700 MXN
Tepic24,100 MXN
Tijuana28,400 MXN
Tlalnepantla de Baz28,800 MXN
Tlaquepaque27,600 MXN
Toluca26,400 MXN
Tonala25,400 MXN
Torreon27,800 MXN
Tuxtla Gutierrez27,100 MXN
Uruapan22,200 MXN
Veracruz25,900 MXN
Villa Nicolas Romero22,700 MXN
Villahermosa24,800 MXN
Xalapa25,700 MXN
Xico24,400 MXN
Zacatecas18,400 MXN
Zamora de Hidalgo18,900 MXN
Zapopan27,900 MXN

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 Mexico earn 9% more than their private sector counterparts on average across all sectors.

Private Sector
31,900 MXN
Public Sector+9%
34,600 MXN
Percentage increase and decrease are relative to the previous value

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