Accounting and Finance Average Salaries in Austria 2021
How much money does a person working in Accounting and Finance make in Austria?
LOW
1,580
EUR AVERAGE
3,900
EUR HIGH
7,830
EUR
A person working in Accounting and Finance in Austria typically earns around 3,900 EUR per month. Salaries range from 1,580 EUR (lowest average) to 7,830 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.
Salaries for specific jobs
| Job Title | Average Salary |
| Account Examiner | 2,040 EUR |
| Account Executive | 3,470 EUR |
| Accountant | 2,750 EUR |
| Accounting Assistant | 2,180 EUR |
| Accounting Associate | 2,020 EUR |
| Accounting Clerk | 1,670 EUR |
| Accounting Coordinator | 2,450 EUR |
| Accounting Manager | 5,640 EUR |
| Accounting Supervisor | 3,960 EUR |
| Accounting Technician | 1,920 EUR |
| Accounts Executive | 3,450 EUR |
| Accounts Payable and Receivable Specialist | 2,890 EUR |
| Accounts Payable Clerk | 2,000 EUR |
| Accounts Payable Manager | 5,390 EUR |
| Accounts Receivable Clerk | 2,060 EUR |
| Accounts Receivable Manager | 5,460 EUR |
| Assistant Accounting Manager | 5,340 EUR |
| Assistant Auditor | 2,640 EUR |
| Audit Supervisor | 4,980 EUR |
| Auditing Clerk | 2,140 EUR |
| Auditing Manager | 5,990 EUR |
| Billing Coordinator | 2,440 EUR |
| Billing Specialist | 2,830 EUR |
| Billing Supervisor | 4,160 EUR |
| Bookkeeper | 1,820 EUR |
| Bookkeeping Specialist | 2,620 EUR |
| Budget Analyst | 4,810 EUR |
| Budget Manager | 5,840 EUR |
| Business Support Analyst | 2,980 EUR |
| Capital Markets Associate | 4,230 EUR |
| Cash Flow Analyst | 4,330 EUR |
| Cash Management Officer | 3,070 EUR |
| Cashbook Clerk | 1,780 EUR |
| Chartered Accountant | 3,460 EUR |
| Collections Clerk | 1,760 EUR |
| Collections Specialist | 2,680 EUR |
| Corporate Treasurer | 5,030 EUR |
| Cost Accountant | 2,810 EUR |
| Cost Accounting Manager | 5,300 EUR |
| Cost Analyst | 4,320 EUR |
| Credit and Collection Manager | 5,660 EUR |
| Credit and Collection Staff | 2,120 EUR |
| Credit and Loans Officer | 1,980 EUR |
| Credit Controller | 3,920 EUR |
| Debt Adviser | 4,720 EUR |
| Debt Collector | 2,330 EUR |
| Debtors Clerk | 1,850 EUR |
| Deputy CFO | 7,230 EUR |
| Derivative Trader | 4,930 EUR |
| Escrow Assistant | 2,520 EUR |
| External Auditor | 3,700 EUR |
| Finance Associate | 2,510 EUR |
| Finance Executive | 5,610 EUR |
| Finance Licensing Clerk | 2,060 EUR |
| Finance Licensing Manager | 5,010 EUR |
| Finance Licensing Specialist | 2,880 EUR |
| Finance Officer | 2,500 EUR |
| Finance President | 7,900 EUR |
| Finance Relationship Manager | 6,270 EUR |
| Finance Release Analyst | 3,160 EUR |
| Finance Team Leader | 6,130 EUR |
| Financial Actuary | 4,400 EUR |
| Financial Administrator | 4,760 EUR |
| Financial Analyst | 5,130 EUR |
| Financial Applications Specialist | 3,370 EUR |
| Financial Assistant | 2,200 EUR |
| Financial Associate | 2,240 EUR |
| Financial Claims Analyst | 3,710 EUR |
| Financial Claims Manager | 4,980 EUR |
| Financial Commercial Analyst | 4,060 EUR |
| Financial Compliance Analyst | 4,400 EUR |
| Financial Consultant | 3,630 EUR |
| Financial Controller | 4,400 EUR |
| Financial Coordinator | 2,430 EUR |
| Financial Customer Service Manager | 5,160 EUR |
| Financial Dealer and Broker | 3,040 EUR |
| Financial Encoder | 2,250 EUR |
| Financial Manager | 7,330 EUR |
| Financial Manager | 8,090 EUR |
| Financial Operations Manager | 7,030 EUR |
| Financial Policy Analyst | 4,420 EUR |
| Financial Project Manager | 5,500 EUR |
| Financial Quantitative Analyst | 4,840 EUR |
| Financial Reporting Consultant | 4,140 EUR |
| Financial Reporting Manager | 5,450 EUR |
| Financial Services Sales Agent | 2,890 EUR |
| Fixed Assets Administrator | 2,870 EUR |
| Forensic Accountant | 3,160 EUR |
| Fraud Detection Supervisor | 3,530 EUR |
| Fraud Prevention Manager | 5,350 EUR |
| Fund Accountant | 2,550 EUR |
| Grants Coordinator | 2,080 EUR |
| Internal Auditor | 3,590 EUR |
| Internal Control Adviser | 4,500 EUR |
| Internal Control Officer | 2,290 EUR |
| Inventory Accountant | 2,730 EUR |
| Investment Analyst | 5,420 EUR |
| Investment Fund Manager | 5,890 EUR |
| Investment Underwriter | 2,280 EUR |
| Investor | 3,700 EUR |
| Investor Relations Manager | 5,280 EUR |
| KYC Team Leader | 5,510 EUR |
| Management Economist | 6,110 EUR |
| Paymaster | 2,270 EUR |
| Payroll Clerk | 2,380 EUR |
| Payroll Manager | 5,070 EUR |
| Pensions Administrator | 2,780 EUR |
| Pricing Analyst | 4,600 EUR |
| Private Equity Analyst | 4,650 EUR |
| Proposal Development Coordinator | 2,330 EUR |
| Receivables Accountant | 2,640 EUR |
| Regulatory Accountant | 3,110 EUR |
| Retirement Plan Analyst | 4,560 EUR |
| Revenue Management Specialist | 4,350 EUR |
| Revenue Recognition Analyst | 5,150 EUR |
| Risk Management Director | 6,460 EUR |
| Risk Management Supervisor | 5,390 EUR |
| Tax Accountant | 2,570 EUR |
| Tax Advisor | 4,150 EUR |
| Tax Associate | 2,340 EUR |
| Tax Manager | 5,650 EUR |
| Teller | 1,690 EUR |
| Treasury Accountant | 2,870 EUR |
| Treasury Analyst | 4,650 EUR |
| Underwriter | 1,870 EUR |
| Underwriting Assistant | 1,780 EUR |
| Vice President of Finance | 7,840 EUR |
Accounting and Finance Jobs Salary Distribution in Austria
The median, the maximum, the minimum, and the range
Salary Range
Accounting and Finance salaries in Austria range from 1,580 EUR per month (minimum average salary) to 7,830 EUR per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 3,670 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 3,670 EUR while the other half are earning more than 3,670 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.
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 2,360 EUR while 75% of them are earning more than 2,360 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 5,410 EUR while 25% are earning more than 5,410 EUR.
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?
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.
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Salary Comparison By Education
How does the education level affect your salary?
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.
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 Austria costs anywhere from 18,900 Euro(s) to 56,800 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.
Accounting and Finance Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Austria who work in Accounting and Finance earn 5% more than their female counterparts on average.
| Male | 3,980 EUR | |
| Female | -4% | 3,810 EUR |
Salary Comparison By Gender in Austria for all Careers
Accounting and Finance Average Annual Salary Increment Percentage in Austria
How much are annual salary increments in Austria for Accounting and Finance professionals? How often do employees get salary raises?
Accounting and Finance
Accounting and Finance professionals in Austria are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Austria / 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
Annual Increment Rate By Industry 2020
| Banking | 5% | |
| Energy | 1% | |
| Information Technology | 6% | |
| Healthcare | 2% | |
| Travel | 7% | |
| Construction | 3% | |
| Education | 8% |
Listed above are the average annual increase rates for each industry in Austria for the year 2020. 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
Accounting and Finance Bonus and Incentive Rates in Austria
How much and how often are bonuses being awarded?
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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.
43% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
| Received Bonus | 57% | |
| No Bonus | 43% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 Austria
23 EUR per hourThe average hourly wage (pay per hour) in Austria is 23 EUR. This means that the average person in Austria earns approximately 23 EUR for every worked hour.
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
The average salary for Accounting and Finance is 3% more than that of All Jobs.
Salary Comparison By City
| City | Average Salary |
| Dornbirn | 3,560 EUR |
| Graz | 4,580 EUR |
| Innsbruck | 3,930 EUR |
| Klagenfurt | 3,860 EUR |
| Linz | 4,070 EUR |
| Salzburg | 4,000 EUR |
| St. Polten | 3,640 EUR |
| Vienna | 4,660 EUR |
| Villach | 3,780 EUR |
| Wels | 3,710 EUR |
| Wiener Neustadt | 3,490 EUR |
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 Austria earn 7% more than their private sector counterparts on average across all sectors.
| Private Sector | 3,640 EUR | |
| Public Sector | +7% | 3,900 EUR |
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