Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Chartered Accountant Average Salary in Morocco 2021

How much money does a Chartered Accountant make in Morocco?

Average Monthly Salary
16,600 MAD
( 199,000 MAD yearly)


A person working as a Chartered Accountant in Morocco typically earns around 16,600 MAD per month. Salaries range from 8,300 MAD (lowest) to 25,700 MAD (highest).

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

Chartered Accountant Salary Distribution in Morocco

Median and salary distribution monthly Morocco Chartered Accountant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/morocco/accounting-and-finance/chartered-accountant/median-and-salary-distribution-monthly-morocco-chartered-accountant.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Chartered Accountant salaries in Morocco range from 8,300 MAD per month (minimum salary) to 25,700 MAD per month (maximum salary).

  • Median Salary

    The median salary is 16,600 MAD per month, which means that half (50%) of people working as Chartered Accountant(s) are earning less than 16,600 MAD while the other half are earning more than 16,600 MAD. 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 Chartered Accountant(s) are earning less than 11,200 MAD while 75% of them are earning more than 11,200 MAD. Also from the diagram, 75% of Chartered Accountant(s) are earning less than 21,200 MAD while 25% are earning more than 21,200 MAD.

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

Chartered Accountant Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Morocco Chartered Accountant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/morocco/accounting-and-finance/chartered-accountant/salary-comparison-by-years-of-experience-monthly-morocco-chartered-accountant.jpg

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 Chartered Accountant salaries by experience level and this is what we found.

A Chartered Accountant with less than two years of experience makes approximately 9,960 MAD per month.

While someone with an experience level between two and five years is expected to earn 13,200 MAD 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 17,600 MAD 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, Chartered Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 21,000 MAD 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 22,700 MAD 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 24,300 MAD per month, 7% more than people with fifteen to twenty years of experience.

Chartered Accountant average salary change by experience in Morocco

0 - 2 Years
9,960 MAD
2 - 5 Years+32%
13,200 MAD
5 - 10 Years+34%
17,600 MAD
10 - 15 Years+19%
21,000 MAD
15 - 20 Years+8%
22,700 MAD
20+ Years+7%
24,300 MAD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Chartered Accountant Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Morocco Chartered Accountant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/morocco/accounting-and-finance/chartered-accountant/salary-comparison-by-education-level-monthly-morocco-chartered-accountant.jpg

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 Chartered Accountant salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of a Chartered Accountant is 13,200 MAD per month.

While someone with a Bachelor's Degree gets a salary of 18,100 MAD per month, 37% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 23,300 MAD per month, 29% more than someone with a Bachelor's Degree.

Chartered Accountant average salary difference by education level in Morocco

Certificate or Diploma
13,200 MAD
Bachelor's Degree+37%
18,100 MAD
Master's Degree+29%
23,300 MAD
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 Morocco costs anywhere from 97,100 Moroccan Dirham(s) to 291,000 Moroccan Dirham(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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

Chartered Accountant Salary Comparison By Gender

Salary comparison by gender monthly Morocco Chartered Accountant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/morocco/accounting-and-finance/chartered-accountant/salary-comparison-by-gender-monthly-morocco-chartered-accountant.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Chartered Accountant employees in Morocco earn 7% more than their female counterparts on average.

17,100 MAD
16,000 MAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Morocco for all Careers

Salary comparison by gender monthly Morocco
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/morocco/salary-comparison-by-gender-monthly-morocco.jpg

Chartered Accountant Average Annual Salary Increment Percentage in Morocco

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

Chartered Accountant

Chartered Accountant(s) in Morocco are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Morocco Chartered Accountant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/morocco/accounting-and-finance/chartered-accountant/annual-salary-increment-rate-morocco-chartered-accountant.jpg

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.

Morocco / 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 Morocco is 6%.

Annual Increment Rate By Industry 2020

Information Technology

Listed above are the average annual increase rates for each industry in Morocco 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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Chartered Accountant Bonus and Incentive Rates in Morocco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Morocco Chartered Accountant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/morocco/accounting-and-finance/chartered-accountant/annual-salary-bonus-rate-morocco-chartered-accountant.jpg

A Chartered 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Chartered Accountant Average Hourly Wage in Morocco

96 MAD per hour

The average hourly wage (pay per hour) in Morocco is 96 MAD. This means that the average Chartered Accountant in Morocco earns approximately 96 MAD 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.

Chartered Accountant VS Other Jobs

Salary Comparison Between Chartered Accountant and Accounting and Finance monthly Morocco
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/morocco/accounting-and-finance/chartered-accountant/salary-comparison-between-chartered-accountant-and-accounting-and-finance-monthly-morocco.jpg

The average salary for Chartered Accountant is 17% 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 Examiner10,400 MAD-37%
Account Executive18,000 MAD+8%
Accountant12,800 MAD-23%
Accounting Assistant10,500 MAD-37%
Accounting Associate10,300 MAD-38%
Accounting Clerk8,270 MAD-50%
Accounting Coordinator12,400 MAD-25%
Accounting Manager28,900 MAD+74%
Accounting Supervisor19,600 MAD+18%
Accounting Technician9,240 MAD-44%
Accounts Executive17,000 MAD+2%
Accounts Payable and Receivable Specialist13,500 MAD-19%
Accounts Payable Clerk10,600 MAD-36%
Accounts Payable Manager26,600 MAD+60%
Accounts Receivable Clerk10,500 MAD-37%
Accounts Receivable Manager26,000 MAD+57%
Assistant Accounting Manager25,100 MAD+51%
Assistant Auditor13,900 MAD-16%
Audit Supervisor25,200 MAD+52%
Auditing Clerk10,800 MAD-35%
Auditing Manager28,200 MAD+70%
Billing Coordinator12,800 MAD-23%
Billing Specialist13,800 MAD-17%
Billing Supervisor21,500 MAD+30%
Bookkeeper8,790 MAD-47%
Bookkeeping Specialist12,600 MAD-24%
Budget Analyst24,100 MAD+45%
Budget Manager27,300 MAD+64%
Business Support Analyst15,600 MAD-6%
Capital Markets Associate20,600 MAD+24%
Cash Flow Analyst20,900 MAD+26%
Cash Management Officer15,800 MAD-5%
Cashbook Clerk9,340 MAD-44%
Chartered Accountant16,600 MAD=
Collections Clerk8,260 MAD-50%
Collections Specialist13,700 MAD-17%
Corporate Treasurer25,700 MAD+55%
Cost Accountant13,600 MAD-18%
Cost Accounting Manager27,900 MAD+68%
Cost Analyst21,200 MAD+28%
Credit and Collection Manager26,400 MAD+59%
Credit and Collection Staff10,800 MAD-35%
Credit and Loans Officer10,100 MAD-39%
Credit Controller19,800 MAD+19%
Debt Adviser23,200 MAD+40%
Debt Collector10,700 MAD-36%
Debtors Clerk9,090 MAD-45%
Deputy CFO36,000 MAD+120%
Derivative Trader24,400 MAD+47%
Escrow Assistant12,400 MAD-25%
External Auditor19,900 MAD+20%
Finance Associate11,600 MAD-30%
Finance Executive30,200 MAD+82%
Finance Licensing Clerk9,680 MAD-42%
Finance Licensing Manager26,800 MAD+61%
Finance Licensing Specialist14,400 MAD-13%
Finance Officer13,400 MAD-19%
Finance President40,600 MAD+140%
Finance Relationship Manager30,900 MAD+86%
Finance Release Analyst15,300 MAD-8%
Finance Team Leader 31,100 MAD+87%
Financial Actuary20,800 MAD+25%
Financial Administrator23,000 MAD+39%
Financial Analyst25,800 MAD+55%
Financial Applications Specialist16,500 MAD-1%
Financial Assistant11,100 MAD-33%
Financial Associate11,200 MAD-33%
Financial Claims Analyst18,400 MAD+11%
Financial Claims Manager25,500 MAD+54%
Financial Commercial Analyst18,900 MAD+14%
Financial Compliance Analyst22,300 MAD+34%
Financial Consultant17,400 MAD+5%
Financial Controller20,800 MAD+25%
Financial Coordinator12,500 MAD-25%
Financial Customer Service Manager25,300 MAD+52%
Financial Dealer and Broker14,800 MAD-11%
Financial Encoder11,800 MAD-29%
Financial Manager36,400 MAD+120%
Financial Operations Manager34,000 MAD+100%
Financial Policy Analyst21,300 MAD+28%
Financial Project Manager29,000 MAD+75%
Financial Quantitative Analyst22,500 MAD+36%
Financial Reporting Consultant20,500 MAD+23%
Financial Reporting Manager26,200 MAD+58%
Financial Services Sales Agent14,300 MAD-14%
Fixed Assets Administrator13,900 MAD-16%
Forensic Accountant15,600 MAD-6%
Fraud Detection Supervisor16,100 MAD-3%
Fraud Prevention Manager28,000 MAD+69%
Fund Accountant12,400 MAD-25%
Grants Coordinator10,600 MAD-36%
Internal Auditor18,000 MAD+8%
Internal Control Adviser20,600 MAD+24%
Internal Control Officer12,000 MAD-28%
Inventory Accountant14,600 MAD-12%
Investment Analyst28,200 MAD+70%
Investment Fund Manager31,700 MAD+91%
Investment Underwriter11,400 MAD-31%
Investor17,800 MAD+7%
Investor Relations Manager26,200 MAD+58%
KYC Team Leader26,500 MAD+60%
Management Economist30,300 MAD+83%
Paymaster10,600 MAD-36%
Payroll Clerk11,500 MAD-31%
Payroll Manager25,200 MAD+52%
Pensions Administrator13,800 MAD-17%
Pricing Analyst22,900 MAD+38%
Private Equity Analyst24,900 MAD+50%
Proposal Development Coordinator11,600 MAD-30%
Receivables Accountant12,400 MAD-25%
Regulatory Accountant15,700 MAD-5%
Retirement Plan Analyst20,900 MAD+26%
Revenue Management Specialist22,800 MAD+37%
Revenue Recognition Analyst24,400 MAD+47%
Risk Management Director34,100 MAD+110%
Risk Management Supervisor26,600 MAD+60%
Tax Accountant13,300 MAD-20%
Tax Advisor19,900 MAD+20%
Tax Associate11,300 MAD-32%
Tax Manager28,800 MAD+73%
Teller8,330 MAD-50%
Treasury Accountant14,300 MAD-14%
Treasury Analyst22,200 MAD+34%
Underwriter9,860 MAD-41%
Underwriting Assistant8,770 MAD-47%
Vice President of Finance35,900 MAD+120%

Salary Comparison By City

CityAverage Salary
Agadir16,400 MAD
Casablanca19,900 MAD
Marrakech18,000 MAD
Rabat16,400 MAD
Tangier18,500 MAD

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 Morocco earn 8% more than their private sector counterparts on average across all sectors.

Private Sector
18,500 MAD
Public Sector+8%
20,100 MAD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2021