How much money does a person working in Accounting and Finance make in Morocco?
13,393 MAD per month
Average Monthly Salary
A person working in Accounting and Finance in Morocco typically earns around 13,393 MAD per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Accounting and Finance jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
Accounting and Finance Jobs Salary Distribution in Morocco
25% of people earn
50% of people earn
75% of people earn
Abount These Figures: Salary Range, Median and Percentiles
The Accounting and Finance salaries in Morocco range between 5,000 MAD per month (minimum salary) to 25,167 MAD per month (maximum salary).
The median salary is 10,500 MAD per month, which means that half (50%) of people working in Accounting and Finance are earning less than 10,500 MAD while the other half are earning more than 10,500 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.
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 8,000 MAD while 75% of them are earning more than 8,000 MAD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 25,000 MAD while 25% are earning more than 25,000 MAD.
What is the difference between the median and the average salary? What should you be looking at?
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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary
Accounting and Finance Salary Forecast and Trend in Morocco
How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.
|Average Salary 2016|| = |
|Average Salary 2017|| +3% |
|Average Salary 2018|| +3% |
|Average Salary 2019|| +2% |
Percentage increase and decrease are relative to the previous value
Accounting and Finance salaries in Morocco are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.
Accounting and Finance Hourly Average Wage in Morocco
69 MAD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Morocco for Accounting and Finance is 69 MAD. This means that the average person in Morocco earns approximatly 69 MAD for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Salary Comparison of Accounting and Finance Jobs in Morocco
Accounting and Finance
We compared Morocco salaries for Accounting and Finance and All Jobs and we found that Accounting and Finance salaries are 39% less than those of All Jobs.
Salary Comparison By City