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Accounting Assistant Average Salary in Austria 2020

How much money does an Accounting Assistant make in Austria?


Average Monthly Salary
2,180 EUR
( 26,200 EUR yearly)

LOW
1,000
EUR
AVERAGE
2,180
EUR
HIGH
3,470
EUR

A person working as an Accounting Assistant in Austria typically earns around 2,180 EUR per month. Salaries range from 1,000 EUR (lowest) to 3,470 EUR (highest).

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

Accounting Assistant Salary Distribution in Austria

Median and salary distribution monthly Austria Accounting Assistant
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting Assistant salaries in Austria range from 1,000 EUR per month (minimum salary) to 3,470 EUR per month (maximum salary).

  • Median Salary

    The median salary is 2,360 EUR per month, which means that half (50%) of people working as Accounting Assistant(s) are earning less than 2,360 EUR while the other half are earning more than 2,360 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 Accounting Assistant(s) are earning less than 1,510 EUR while 75% of them are earning more than 1,510 EUR. Also from the diagram, 75% of Accounting Assistant(s) are earning less than 3,140 EUR while 25% are earning more than 3,140 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

Accounting Assistant Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Austria Accounting Assistant
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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 Accounting Assistant salaries by experience level and this is what we found.

An Accounting Assistant with less than two years of experience makes approximately 1,140 EUR per month.

While someone with an experience level between two and five years is expected to earn 1,520 EUR per month, 33% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,250 EUR per month, 48% 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, Accounting Assistant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,740 EUR per month, 22% 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 2,990 EUR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,230 EUR per month, 8% more than people with fifteen to twenty years of experience.


Accounting Assistant average salary change by experience in Austria

0 - 2 Years
1,140 EUR
2 - 5 Years+33%
1,520 EUR
5 - 10 Years+48%
2,250 EUR
10 - 15 Years+22%
2,740 EUR
15 - 20 Years+9%
2,990 EUR
20+ Years+8%
3,230 EUR
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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Accounting Assistant Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Austria Accounting Assistant
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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 Accounting Assistant salaries by education level in order to make a comparison.

When the education level is High School, the average salary of an Accounting Assistant is 1,400 EUR per month.

While someone with a Certificate or Diploma gets a salary of 1,640 EUR per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 2,380 EUR per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 3,120 EUR per month, 31% more than someone with Bachelor's Degree.


Accounting Assistant average salary difference by education level in Austria

High School
1,400 EUR
Certificate or Diploma+18%
1,640 EUR
Bachelor's Degree+45%
2,380 EUR
Master's Degree+31%
3,120 EUR
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 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 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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Accounting Assistant Salary Comparison By Gender

Salary comparison by gender monthly Austria Accounting Assistant
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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 Accounting Assistant employees in Austria earn 5% more than their female counterparts on average.

Female
2,130 EUR
Male+5%
2,240 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Austria for all Careers

Salary comparison by gender monthly Austria
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Accounting Assistant Average Annual Salary Increment Percentage in Austria

How much are annual salary increments in Austria for Accounting Assistant(s)? How often do employees get salary raises?

Accounting Assistant

Accounting Assistant(s) in Austria are likely to observe a salary increase of approximately 8% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Austria Accounting Assistant
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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.

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

The average salary increase in one year (12 months) in Austria is 2%.

Annual Increment Rate By Industry 2019

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 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.


Worldwide Salary Raises: All Countries and All Jobs

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Accounting Assistant Bonus and Incentive Rates in Austria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Austria Accounting Assistant
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An Accounting Assistant is considered to be a low 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.

85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
15%
No Bonus
85%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Austria
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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
Percentage increase and decrease are relative to the previous value

Accounting Assistant Average Hourly Wage in Austria


13 EUR per hour

The average hourly wage (pay per hour) in Austria is 13 EUR. This means that the average Accounting Assistant in Austria earns approximately 13 EUR 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 Assistant VS Other Jobs

Salary Comparison Between Accounting Assistant and Accounting and Finance monthly Austria
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The average salary for Accounting Assistant is 43% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner2,040 EUR-6%
Account Executive3,470 EUR+59%
Accountant2,750 EUR+26%
Accounting Assistant2,180 EUR-0%
Accounting Associate2,020 EUR-7%
Accounting Clerk1,670 EUR-23%
Accounting Coordinator2,450 EUR+12%
Accounting Manager5,640 EUR+160%
Accounting Supervisor3,960 EUR+82%
Accounting Technician1,920 EUR-12%
Accounts Executive3,450 EUR+58%
Accounts Payable and Receivable Specialist2,890 EUR+33%
Accounts Payable Clerk2,000 EUR-8%
Accounts Payable Manager5,390 EUR+150%
Accounts Receivable Clerk2,060 EUR-6%
Accounts Receivable Manager5,460 EUR+150%
Assistant Accounting Manager5,340 EUR+140%
Assistant Auditor2,640 EUR+21%
Audit Supervisor4,980 EUR+130%
Auditing Clerk2,140 EUR-2%
Auditing Manager5,990 EUR+170%
Billing Coordinator2,440 EUR+12%
Billing Specialist2,830 EUR+30%
Billing Supervisor4,160 EUR+91%
Bookkeeper1,820 EUR-17%
Bookkeeping Specialist2,620 EUR+20%
Budget Analyst4,810 EUR+120%
Budget Manager5,840 EUR+170%
Business Support Analyst2,980 EUR+37%
Capital Markets Associate4,230 EUR+94%
Cash Flow Analyst4,330 EUR+99%
Cash Management Officer3,070 EUR+41%
Cashbook Clerk1,780 EUR-18%
Chartered Accountant3,460 EUR+59%
Collections Clerk1,760 EUR-19%
Collections Specialist2,680 EUR+23%
Corporate Treasurer5,030 EUR+130%
Cost Accountant2,810 EUR+29%
Cost Accounting Manager5,300 EUR+140%
Cost Analyst4,320 EUR+98%
Credit and Collection Manager5,660 EUR+160%
Credit and Collection Staff2,120 EUR-3%
Credit and Loans Officer1,980 EUR-9%
Credit Controller3,920 EUR+80%
Debt Adviser4,720 EUR+120%
Debt Collector2,330 EUR+7%
Debtors Clerk1,850 EUR-15%
Deputy CFO7,230 EUR+230%
Derivative Trader4,930 EUR+130%
Escrow Assistant2,520 EUR+16%
External Auditor3,700 EUR+70%
Finance Associate2,510 EUR+15%
Finance Executive5,610 EUR+160%
Finance Licensing Clerk2,060 EUR-6%
Finance Licensing Manager5,010 EUR+130%
Finance Licensing Specialist2,880 EUR+32%
Finance Officer2,500 EUR+15%
Finance President7,900 EUR+260%
Finance Relationship Manager6,270 EUR+190%
Finance Release Analyst3,160 EUR+45%
Finance Team Leader 6,130 EUR+180%
Financial Actuary4,400 EUR+100%
Financial Administrator4,760 EUR+120%
Financial Analyst5,130 EUR+140%
Financial Applications Specialist3,370 EUR+55%
Financial Assistant2,200 EUR+1%
Financial Associate2,240 EUR+3%
Financial Claims Analyst3,710 EUR+70%
Financial Claims Manager4,980 EUR+130%
Financial Commercial Analyst4,060 EUR+86%
Financial Compliance Analyst4,400 EUR+100%
Financial Consultant3,630 EUR+66%
Financial Controller4,400 EUR+100%
Financial Coordinator2,430 EUR+11%
Financial Customer Service Manager5,160 EUR+140%
Financial Dealer and Broker3,040 EUR+39%
Financial Encoder2,250 EUR+3%
Financial Manager7,330 EUR+240%
Financial Operations Manager7,030 EUR+220%
Financial Policy Analyst4,420 EUR+100%
Financial Project Manager5,500 EUR+150%
Financial Quantitative Analyst4,840 EUR+120%
Financial Reporting Consultant4,140 EUR+90%
Financial Reporting Manager5,450 EUR+150%
Financial Services Sales Agent2,890 EUR+33%
Fixed Assets Administrator2,870 EUR+32%
Forensic Accountant3,160 EUR+45%
Fraud Detection Supervisor3,530 EUR+62%
Fraud Prevention Manager5,350 EUR+150%
Fund Accountant2,550 EUR+17%
Grants Coordinator2,080 EUR-5%
Internal Auditor3,590 EUR+65%
Internal Control Adviser4,500 EUR+110%
Internal Control Officer2,290 EUR+5%
Inventory Accountant2,730 EUR+25%
Investment Analyst5,420 EUR+150%
Investment Fund Manager5,890 EUR+170%
Investment Underwriter2,280 EUR+5%
Investor3,700 EUR+70%
Investor Relations Manager5,280 EUR+140%
KYC Team Leader5,510 EUR+150%
Management Economist6,110 EUR+180%
Paymaster2,270 EUR+4%
Payroll Clerk2,380 EUR+9%
Payroll Manager5,070 EUR+130%
Pensions Administrator2,780 EUR+27%
Pricing Analyst4,600 EUR+110%
Private Equity Analyst4,650 EUR+110%
Proposal Development Coordinator2,330 EUR+7%
Receivables Accountant2,640 EUR+21%
Regulatory Accountant3,110 EUR+43%
Retirement Plan Analyst4,560 EUR+110%
Revenue Management Specialist4,350 EUR+99%
Revenue Recognition Analyst5,150 EUR+140%
Risk Management Director6,460 EUR+200%
Risk Management Supervisor5,390 EUR+150%
Tax Accountant2,570 EUR+18%
Tax Advisor4,150 EUR+90%
Tax Associate2,340 EUR+7%
Tax Manager5,650 EUR+160%
Teller1,690 EUR-23%
Treasury Accountant2,870 EUR+32%
Treasury Analyst4,650 EUR+110%
Underwriter1,870 EUR-14%
Underwriting Assistant1,780 EUR-18%
Vice President of Finance7,840 EUR+260%

Salary Comparison By City

CityAverage Salary
Dornbirn2,020 EUR
Graz2,160 EUR
Innsbruck2,250 EUR
Klagenfurt2,200 EUR
Linz2,120 EUR
Salzburg2,300 EUR
St. Polten2,070 EUR
Vienna2,200 EUR
Villach2,160 EUR
Wels2,110 EUR
Wiener Neustadt1,970 EUR
0 - 0

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