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Accounting and Finance Average Salaries in Beirut 2024

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


Average Monthly Salary
14,800,000 LBP
( 177,000,000 LBP yearly)

LOW
5,930,000
LBP
AVERAGE
14,800,000
LBP
HIGH
29,400,000
LBP
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Accounting and Finance in Beirut typically earns around 14,800,000 LBP. Salaries range from 5,930,000 LBP (lowest average) to 29,400,000 LBP (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Beirut exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounting and Finance
Account Examiner7,960,000 LBP
Account Executive12,600,000 LBP
Accountant10,400,000 LBP
Accounting Analyst13,200,000 LBP
Accounting Assistant8,220,000 LBP
Accounting Associate7,200,000 LBP
Accounting Clerk6,270,000 LBP
Accounting Coordinator9,550,000 LBP
Accounting Head19,900,000 LBP
Accounting Manager21,200,000 LBP
Accounting Officer8,050,000 LBP
Accounting Specialist13,500,000 LBP
Accounting Supervisor14,100,000 LBP
Accounting Technician7,270,000 LBP
Accounting Unit Controller18,200,000 LBP
Accounts Executive13,500,000 LBP
Accounts Officer7,900,000 LBP
Accounts Payable and Receivable Specialist10,500,000 LBP
Accounts Payable Assistant8,610,000 LBP
Accounts Payable Associate9,210,000 LBP
Accounts Payable Clerk7,500,000 LBP
Accounts Payable Manager20,200,000 LBP
Accounts Receivable Administrator15,100,000 LBP
Accounts Receivable Clerk7,680,000 LBP
Accounts Receivable Financial Analyst14,300,000 LBP
Accounts Receivable Manager20,300,000 LBP
Accounts Receivable Team Leader15,100,000 LBP
Algorithmic Trading Specialist18,100,000 LBP
Assistant Accountant7,810,000 LBP
Assistant Accounting Manager18,500,000 LBP
Assistant Auditor10,800,000 LBP
Assistant Corporate Controller13,800,000 LBP
Assistant Finance Manager22,100,000 LBP
Assistant Financial Controller13,600,000 LBP
Audit Director22,800,000 LBP
Audit Supervisor18,400,000 LBP
Auditing Clerk7,900,000 LBP
Auditing Manager21,900,000 LBP
Billing Clerk7,900,000 LBP
Billing Coordinator9,550,000 LBP
Billing Specialist10,900,000 LBP
Billing Supervisor15,100,000 LBP
Bookkeeper6,590,000 LBP
Bookkeeping Specialist9,920,000 LBP
Budget Analyst17,400,000 LBP
Budget Manager21,100,000 LBP
Business Support Analyst12,200,000 LBP
Capital Markets Associate15,500,000 LBP
Cash Flow Analyst15,700,000 LBP
Cash Management Manager20,700,000 LBP
Cash Management Officer12,200,000 LBP
Cashbook Clerk6,910,000 LBP
Chartered Accountant13,700,000 LBP
Chief Accountant15,700,000 LBP
Chief Financial Technology Officer22,200,000 LBP
Collections Clerk6,090,000 LBP
Collections Representative8,610,000 LBP
Collections Specialist10,500,000 LBP
Corporate Controller16,000,000 LBP
Corporate Treasurer19,800,000 LBP
Cost Accountant10,800,000 LBP
Cost Accounting Manager20,800,000 LBP
Cost Accounting Supervisor16,900,000 LBP
Cost Analyst16,900,000 LBP
Credit and Collection Manager20,500,000 LBP
Credit and Collection Staff7,900,000 LBP
Credit and Loans Officer7,730,000 LBP
Credit Controller14,400,000 LBP
Credit Manager22,600,000 LBP
Debt Adviser17,500,000 LBP
Debt Collector8,640,000 LBP
Debtors Clerk6,850,000 LBP
Debtors Controller8,050,000 LBP
Deputy CFO28,800,000 LBP
Deputy Head of Finance29,500,000 LBP
Derivative Trader17,600,000 LBP
Director of Finance30,200,000 LBP
E-commerce Accountant11,200,000 LBP
Economist23,800,000 LBP
Equity Analyst19,100,000 LBP
Escrow Assistant8,850,000 LBP
Executive Accountant11,400,000 LBP
External Auditor15,000,000 LBP
Finance Administrator12,400,000 LBP
Finance Analyst19,300,000 LBP
Finance Associate9,330,000 LBP
Finance Data Analyst16,700,000 LBP
Finance Director32,000,000 LBP
Finance Executive22,700,000 LBP
Finance Licensing Clerk7,140,000 LBP
Finance Licensing Manager19,100,000 LBP
Finance Licensing Specialist11,000,000 LBP
Finance Manager27,800,000 LBP
Finance Officer9,560,000 LBP
Finance President31,400,000 LBP
Finance Relationship Manager24,500,000 LBP
Finance Release Analyst11,500,000 LBP
Finance Specialist16,600,000 LBP
Finance Team Leader 23,900,000 LBP
Financial Accountant10,800,000 LBP
Financial Actuary16,100,000 LBP
Financial Administrator17,200,000 LBP
Financial Advisor18,500,000 LBP
Financial Analyst18,800,000 LBP
Financial Applications Specialist12,400,000 LBP
Financial Assistant8,110,000 LBP
Financial Associate8,480,000 LBP
Financial Associate9,840,000 LBP
Financial Claims Analyst13,300,000 LBP
Financial Claims Manager17,800,000 LBP
Financial Claims Supervisor16,700,000 LBP
Financial Clerk8,030,000 LBP
Financial Commercial Analyst15,300,000 LBP
Financial Compliance Analyst16,200,000 LBP
Financial Compliance Officer16,600,000 LBP
Financial Consultant14,400,000 LBP
Financial Controller17,100,000 LBP
Financial Controller16,200,000 LBP
Financial Coordinator9,140,000 LBP
Financial Customer Service Manager18,100,000 LBP
Financial Data Scientist19,700,000 LBP
Financial Dealer and Broker11,200,000 LBP
Financial Director30,300,000 LBP
Financial Encoder9,200,000 LBP
Financial Manager30,000,000 LBP
Financial Manager27,600,000 LBP
Financial Modelling Analyst19,200,000 LBP
Financial Operations Manager25,500,000 LBP
Financial Policy Analyst16,700,000 LBP
Financial Project Manager21,600,000 LBP
Financial Quantitative Analyst18,300,000 LBP
Financial Reporting Consultant14,800,000 LBP
Financial Reporting Manager20,600,000 LBP
Financial Section Head20,200,000 LBP
Financial Services Manager27,600,000 LBP
Financial Services Sales Agent10,900,000 LBP
Financial Technology Consultant17,000,000 LBP
Financial Wellness Coach20,300,000 LBP
FinTech Analyst17,300,000 LBP
Fixed Assets Administrator10,400,000 LBP
Forensic Accountant12,400,000 LBP
Fraud Detection Supervisor12,400,000 LBP
Fraud Prevention Manager20,700,000 LBP
Fund Accountant9,840,000 LBP
Grants Coordinator7,410,000 LBP
Green Finance Analyst15,400,000 LBP
Group Financial Manager31,100,000 LBP
Internal Auditor14,400,000 LBP
Internal Control Adviser15,800,000 LBP
Internal Control Officer8,860,000 LBP
International Tax Director25,800,000 LBP
Inventory Accountant10,400,000 LBP
Investment Advisor27,900,000 LBP
Investment Analyst20,800,000 LBP
Investment Associate17,700,000 LBP
Investment Broker17,900,000 LBP
Investment Fund Manager23,800,000 LBP
Investment Operations Manager24,100,000 LBP
Investment Underwriter9,170,000 LBP
Investor13,900,000 LBP
Investor Relations Manager19,900,000 LBP
KYC Team Leader20,800,000 LBP
Loan Processor8,670,000 LBP
Management Accountant11,900,000 LBP
Management Economist23,000,000 LBP
Paymaster8,580,000 LBP
Payroll Administrator13,500,000 LBP
Payroll Benefits Coordinator11,000,000 LBP
Payroll Billing Manager18,400,000 LBP
Payroll Clerk9,040,000 LBP
Payroll Manager19,200,000 LBP
Payroll Officer8,890,000 LBP
Payroll Specialist10,800,000 LBP
Payroll Supervisor13,500,000 LBP
Pensions Administrator10,500,000 LBP
Personal Financial Advisor15,900,000 LBP
Pricing Analyst17,400,000 LBP
Private Equity Analyst17,700,000 LBP
Project Accountant11,400,000 LBP
Proposal Development Coordinator8,780,000 LBP
Quantitative Trader14,800,000 LBP
Receivables Accountant9,130,000 LBP
Regulatory Accountant11,400,000 LBP
Retirement Plan Analyst16,000,000 LBP
Revenue Management Specialist16,900,000 LBP
Revenue Recognition Analyst20,000,000 LBP
Risk Management Director24,200,000 LBP
Risk Management Supervisor20,200,000 LBP
Staff Accountant10,100,000 LBP
Tax Accountant9,340,000 LBP
Tax Administrator11,500,000 LBP
Tax Advisor16,400,000 LBP
Tax Analyst15,000,000 LBP
Tax Associate8,500,000 LBP
Tax Consultant15,900,000 LBP
Tax Director23,400,000 LBP
Tax Examiner11,000,000 LBP
Tax Manager21,100,000 LBP
Tax Research Manager21,300,000 LBP
Teller6,300,000 LBP
Treasury Accountant10,800,000 LBP
Treasury Analyst17,300,000 LBP
Underwriter7,330,000 LBP
Underwriting Assistant6,970,000 LBP
Vice President of Finance27,500,000 LBP


Accounting and Finance Jobs Pay Scale and Salaries in Beirut

Median and salary distribution Beirut Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
15,300,000 LBP or more
10% of people earn
13,000,000 to 15,300,000 LBP
20% of people earn
7,810,000 LBP or less
65% of people earn
7,810,000 to 13,000,000 LBP
Minimum Salary
5,930,000
LBP
Median
13,400,000
LBP
Maximum
29,400,000
LBP




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Beirut range from 5,930,000 LBP (starting average salary) to 29,400,000 LBP (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 13,400,000 LBP, implying that half of the workforce in Beirut earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Beirut earn less than 10,500,000 LBP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 16,200,000 LBP, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Beirut. The analysis revealed that roughly 65% of all reported salaries fell within the range of 7,810,000 LBP to 13,000,000 LBP. Approximately 20% of salaries were below the 7,810,000 LBP mark, while 10% ranged from 13,000,000 LBP to 15,300,000 LBP. Only 5% of individuals earned a gross salary of 15,300,000 LBP or higher.

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 in Accounting and Finance in Beirut 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.


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.
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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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.

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 degree levels across many jobs in Accounting and Finance in Beirut, 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 certificate 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 Lebanon costs anywhere from 65,400,000 LBP to 196,000,000 LBP and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Accounting and Finance / Beirut

Salary comparison by gender Lebanon Accounting and Finance monthly
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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? In the field of Accounting and Finance in Lebanon, the average difference between the salary of male and female employees is 16%.

Male
14,600,000 LBP
Female-13%
12,700,000 LBP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Lebanon for all Careers

Salary comparison by gender monthly Lebanon
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Average Annual Salary Increment Percentage / Accounting and Finance / Beirut

How much are annual salary increments in Beirut for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in Lebanon are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Lebanon 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.

Lebanon / All Professions

Annual Salary Increment Rate Lebanon
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Lebanon is 4%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Accounting and Finance / Lebanon

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Lebanon Accounting and Finance
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100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

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

Received Bonus
%
No Bonus
100%

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.

Hourly Average Wage / Accounting and Finance / Beirut


85,200 LBP per hour

The average hourly wage (pay per hour) in Accounting and Finance in Beirut is 85,200 LBP.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Accounting and Finance in Beirut is 34,200 LBP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Beirut14,800,000 LBP

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Lebanon is 12% on average across all career fields.

Private Sector
12,200,000 LBP
Public Sector+12%
13,700,000 LBP
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Beirut?

A good and competitive compensation would range anywhere between 13,400,000 LBP and 16,200,000 LBP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Accounting and Finance in Beirut ranges from 5,930,000 LBP to 10,500,000 LBP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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