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Accounting and Finance Average Salaries in Morocco 2024

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


Average Monthly Salary
20,100 MAD
( 242,000 MAD yearly)

LOW
8,090
MAD
AVERAGE
20,100
MAD
HIGH
40,100
MAD
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 Morocco typically earns around 20,100 MAD. Salaries range from 8,090 MAD (lowest average) to 40,100 MAD (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 Morocco 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 Examiner10,400 MAD
Account Executive18,000 MAD
Accountant12,800 MAD
Accounting Analyst16,300 MAD
Accounting Assistant10,500 MAD
Accounting Associate10,300 MAD
Accounting Clerk8,270 MAD
Accounting Coordinator12,400 MAD
Accounting Head28,400 MAD
Accounting Manager28,900 MAD
Accounting Officer10,300 MAD
Accounting Specialist17,900 MAD
Accounting Supervisor19,600 MAD
Accounting Technician9,250 MAD
Accounting Unit Controller23,300 MAD
Accounts Executive17,000 MAD
Accounts Officer10,800 MAD
Accounts Payable and Receivable Specialist13,500 MAD
Accounts Payable Assistant10,900 MAD
Accounts Payable Associate12,400 MAD
Accounts Payable Clerk10,600 MAD
Accounts Payable Manager26,600 MAD
Accounts Receivable Administrator19,700 MAD
Accounts Receivable Clerk10,500 MAD
Accounts Receivable Financial Analyst18,900 MAD
Accounts Receivable Manager26,000 MAD
Accounts Receivable Team Leader20,700 MAD
Algorithmic Trading Specialist23,300 MAD
Assistant Accountant10,300 MAD
Assistant Accounting Manager25,100 MAD
Assistant Auditor13,900 MAD
Assistant Corporate Controller19,000 MAD
Assistant Finance Manager28,600 MAD
Assistant Financial Controller18,200 MAD
Audit Director30,200 MAD
Audit Supervisor25,200 MAD
Auditing Clerk10,800 MAD
Auditing Manager28,200 MAD
Billing Clerk10,300 MAD
Billing Coordinator12,800 MAD
Billing Specialist13,800 MAD
Billing Supervisor21,500 MAD
Bookkeeper8,790 MAD
Bookkeeping Specialist12,600 MAD
Budget Analyst24,100 MAD
Budget Manager27,300 MAD
Business Support Analyst15,600 MAD
Capital Markets Associate20,600 MAD
Cash Flow Analyst20,900 MAD
Cash Management Manager25,900 MAD
Cash Management Officer15,800 MAD
Cashbook Clerk9,340 MAD
Chartered Accountant16,600 MAD
Chief Accountant20,200 MAD
Chief Financial Technology Officer28,100 MAD
Collections Clerk8,260 MAD
Collections Representative12,300 MAD
Collections Specialist13,700 MAD
Corporate Controller20,900 MAD
Corporate Treasurer25,700 MAD
Cost Accountant13,600 MAD
Cost Accounting Manager27,900 MAD
Cost Accounting Supervisor21,600 MAD
Cost Analyst21,200 MAD
Credit and Collection Manager26,400 MAD
Credit and Collection Staff10,800 MAD
Credit and Loans Officer10,100 MAD
Credit Controller19,800 MAD
Credit Manager27,500 MAD
Debt Adviser23,200 MAD
Debt Collector10,700 MAD
Debtors Clerk9,090 MAD
Debtors Controller10,300 MAD
Deputy CFO36,000 MAD
Deputy Head of Finance35,700 MAD
Derivative Trader24,400 MAD
Director of Finance39,800 MAD
E-commerce Accountant13,600 MAD
Economist30,500 MAD
Equity Analyst23,900 MAD
Escrow Assistant12,400 MAD
Executive Accountant16,000 MAD
External Auditor19,900 MAD
Finance Administrator16,400 MAD
Finance Analyst25,600 MAD
Finance Associate11,600 MAD
Finance Data Analyst22,800 MAD
Finance Director41,000 MAD
Finance Executive30,200 MAD
Finance Licensing Clerk9,680 MAD
Finance Licensing Manager26,800 MAD
Finance Licensing Specialist14,400 MAD
Finance Manager36,900 MAD
Finance Officer13,400 MAD
Finance President40,600 MAD
Finance Relationship Manager30,900 MAD
Finance Release Analyst15,300 MAD
Finance Specialist22,800 MAD
Finance Team Leader 31,100 MAD
Financial Accountant13,900 MAD
Financial Actuary20,800 MAD
Financial Administrator23,000 MAD
Financial Advisor23,700 MAD
Financial Analyst25,800 MAD
Financial Applications Specialist16,500 MAD
Financial Assistant11,100 MAD
Financial Associate11,200 MAD
Financial Associate13,100 MAD
Financial Claims Analyst18,400 MAD
Financial Claims Manager25,500 MAD
Financial Claims Supervisor22,400 MAD
Financial Clerk10,600 MAD
Financial Commercial Analyst18,900 MAD
Financial Compliance Analyst22,300 MAD
Financial Compliance Officer21,200 MAD
Financial Consultant17,400 MAD
Financial Controller20,800 MAD
Financial Controller21,800 MAD
Financial Coordinator12,500 MAD
Financial Customer Service Manager25,300 MAD
Financial Data Scientist26,000 MAD
Financial Dealer and Broker14,800 MAD
Financial Director39,100 MAD
Financial Encoder11,800 MAD
Financial Manager36,400 MAD
Financial Manager37,200 MAD
Financial Modelling Analyst23,800 MAD
Financial Operations Manager34,000 MAD
Financial Policy Analyst21,300 MAD
Financial Project Manager29,000 MAD
Financial Quantitative Analyst22,500 MAD
Financial Reporting Consultant20,500 MAD
Financial Reporting Manager26,200 MAD
Financial Section Head25,900 MAD
Financial Services Manager35,400 MAD
Financial Services Sales Agent14,300 MAD
Financial Technology Consultant21,800 MAD
Financial Wellness Coach27,000 MAD
FinTech Analyst23,700 MAD
Fixed Assets Administrator13,900 MAD
Forensic Accountant15,600 MAD
Fraud Detection Supervisor16,100 MAD
Fraud Prevention Manager28,000 MAD
Fund Accountant12,400 MAD
Grants Coordinator10,600 MAD
Green Finance Analyst19,800 MAD
Group Financial Manager37,900 MAD
Internal Auditor18,000 MAD
Internal Control Adviser20,600 MAD
Internal Control Officer12,000 MAD
International Tax Director32,700 MAD
Inventory Accountant14,600 MAD
Investment Advisor36,500 MAD
Investment Analyst28,200 MAD
Investment Associate22,800 MAD
Investment Broker22,700 MAD
Investment Fund Manager31,700 MAD
Investment Operations Manager31,500 MAD
Investment Underwriter11,400 MAD
Investor17,800 MAD
Investor Relations Manager26,200 MAD
KYC Team Leader26,500 MAD
Loan Processor11,600 MAD
Management Accountant14,600 MAD
Management Economist30,300 MAD
Paymaster10,600 MAD
Payroll Administrator18,300 MAD
Payroll Benefits Coordinator15,000 MAD
Payroll Billing Manager26,000 MAD
Payroll Clerk11,500 MAD
Payroll Manager25,200 MAD
Payroll Officer11,700 MAD
Payroll Specialist14,700 MAD
Payroll Supervisor16,700 MAD
Pensions Administrator13,800 MAD
Personal Financial Advisor20,700 MAD
Pricing Analyst22,900 MAD
Private Equity Analyst24,900 MAD
Project Accountant14,600 MAD
Proposal Development Coordinator11,600 MAD
Quantitative Trader20,200 MAD
Receivables Accountant12,400 MAD
Regulatory Accountant15,700 MAD
Retirement Plan Analyst20,900 MAD
Revenue Management Specialist22,800 MAD
Revenue Recognition Analyst24,400 MAD
Risk Management Director34,100 MAD
Risk Management Supervisor26,600 MAD
Staff Accountant13,000 MAD
Tax Accountant13,300 MAD
Tax Administrator14,900 MAD
Tax Advisor19,900 MAD
Tax Analyst20,900 MAD
Tax Associate11,300 MAD
Tax Consultant22,800 MAD
Tax Director31,400 MAD
Tax Examiner14,000 MAD
Tax Manager28,800 MAD
Tax Research Manager27,300 MAD
Teller8,330 MAD
Treasury Accountant14,300 MAD
Treasury Analyst22,200 MAD
Underwriter9,860 MAD
Underwriting Assistant8,770 MAD
Vice President of Finance35,900 MAD


Accounting and Finance Jobs Pay Scale and Salaries in Morocco

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

5% of people earn
21,500 MAD or more
10% of people earn
18,200 to 21,500 MAD
20% of people earn
11,000 MAD or less
65% of people earn
11,000 to 18,200 MAD
Minimum Salary
8,090 MAD
Median
18,900 MAD
Maximum
40,100 MAD




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 Morocco range from 8,090 MAD (starting average salary) to 40,100 MAD (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 18,900 MAD, implying that half of the workforce in Morocco 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 Morocco earn less than 14,800 MAD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 22,800 MAD, 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 Morocco. The analysis revealed that roughly 65% of all reported salaries fell within the range of 11,000 MAD to 18,200 MAD. Approximately 20% of salaries were below the 11,000 MAD mark, while 10% ranged from 18,200 MAD to 21,500 MAD. Only 5% of individuals earned a gross salary of 21,500 MAD 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 Morocco 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 Morocco, 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 Morocco costs anywhere from 97,400 MAD to 292,000 MAD 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 / Morocco

Salary comparison by gender Morocco 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 Morocco, the average difference between the salary of male and female employees is 14%.

Male
21,700 MAD
Female-13%
18,900 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
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Average Annual Salary Increment Percentage / Accounting and Finance / Morocco

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

Professionals working in Accounting and Finance in Morocco are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Morocco 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.

Morocco / All Professions

Annual Salary Increment Rate Morocco
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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 Morocco is 6%.

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 / Morocco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Morocco Accounting and Finance
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20% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
80%
No Bonus
20%

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 / Morocco


120 MAD per hour

The average hourly wage (pay per hour) in Accounting and Finance in Morocco is 120 MAD.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 Morocco is 47 MAD. 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
Agadir17,800 MAD
Casablanca22,000 MAD
Marrakech20,500 MAD
Rabat19,400 MAD
Tangier21,600 MAD

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 Morocco is 8% on average across all career fields.

Private Sector
18,600 MAD
Public Sector+8%
20,100 MAD
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 Morocco?

A good and competitive compensation would range anywhere between 18,900 MAD and 22,800 MAD. 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 Morocco ranges from 8,090 MAD to 14,800 MAD. 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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