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Accounting and Finance Average Salaries in Myanmar 2020

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


Average Monthly Salary
561,000 MMK
( 6,730,000 MMK yearly)

LOW
227,000
MMK
AVERAGE
561,000
MMK
HIGH
1,130,000
MMK

A person working in Accounting and Finance in Myanmar typically earns around 561,000 MMK per month. Salaries range from 227,000 MMK (lowest average) to 1,130,000 MMK (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner280,000 MMK
Account Executive471,000 MMK
Accountant356,000 MMK
Accounting Assistant293,000 MMK
Accounting Associate276,000 MMK
Accounting Clerk231,000 MMK
Accounting Coordinator336,000 MMK
Accounting Manager810,000 MMK
Accounting Supervisor525,000 MMK
Accounting Technician257,000 MMK
Accounts Executive506,000 MMK
Accounts Payable and Receivable Specialist394,000 MMK
Accounts Payable Clerk297,000 MMK
Accounts Payable Manager751,000 MMK
Accounts Receivable Clerk296,000 MMK
Accounts Receivable Manager736,000 MMK
Assistant Accounting Manager690,000 MMK
Assistant Auditor395,000 MMK
Audit Supervisor719,000 MMK
Auditing Clerk309,000 MMK
Auditing Manager813,000 MMK
Billing Coordinator346,000 MMK
Billing Specialist417,000 MMK
Billing Supervisor565,000 MMK
Bookkeeper255,000 MMK
Bookkeeping Specialist350,000 MMK
Budget Analyst633,000 MMK
Budget Manager796,000 MMK
Business Support Analyst445,000 MMK
Capital Markets Associate592,000 MMK
Cash Flow Analyst552,000 MMK
Cash Management Officer418,000 MMK
Cashbook Clerk254,000 MMK
Chartered Accountant488,000 MMK
Collections Clerk227,000 MMK
Collections Specialist406,000 MMK
Corporate Treasurer762,000 MMK
Cost Accountant374,000 MMK
Cost Accounting Manager752,000 MMK
Cost Analyst632,000 MMK
Credit and Collection Manager771,000 MMK
Credit and Collection Staff305,000 MMK
Credit and Loans Officer272,000 MMK
Credit Controller514,000 MMK
Debt Adviser657,000 MMK
Debt Collector304,000 MMK
Debtors Clerk259,000 MMK
Deputy CFO1,050,000 MMK
Derivative Trader654,000 MMK
Escrow Assistant335,000 MMK
External Auditor520,000 MMK
Finance Associate328,000 MMK
Finance Executive788,000 MMK
Finance Licensing Clerk267,000 MMK
Finance Licensing Manager741,000 MMK
Finance Licensing Specialist398,000 MMK
Finance Officer371,000 MMK
Finance President1,080,000 MMK
Finance Relationship Manager919,000 MMK
Finance Release Analyst445,000 MMK
Finance Team Leader 841,000 MMK
Financial Actuary598,000 MMK
Financial Administrator607,000 MMK
Financial Analyst672,000 MMK
Financial Applications Specialist471,000 MMK
Financial Assistant318,000 MMK
Financial Associate310,000 MMK
Financial Claims Analyst490,000 MMK
Financial Claims Manager681,000 MMK
Financial Commercial Analyst527,000 MMK
Financial Compliance Analyst636,000 MMK
Financial Consultant513,000 MMK
Financial Controller596,000 MMK
Financial Coordinator350,000 MMK
Financial Customer Service Manager686,000 MMK
Financial Dealer and Broker425,000 MMK
Financial Encoder336,000 MMK
Financial Manager1,060,000 MMK
Financial Operations Manager988,000 MMK
Financial Policy Analyst594,000 MMK
Financial Project Manager780,000 MMK
Financial Quantitative Analyst628,000 MMK
Financial Reporting Consultant549,000 MMK
Financial Reporting Manager732,000 MMK
Financial Services Sales Agent401,000 MMK
Fixed Assets Administrator403,000 MMK
Forensic Accountant464,000 MMK
Fraud Detection Supervisor485,000 MMK
Fraud Prevention Manager762,000 MMK
Fund Accountant375,000 MMK
Grants Coordinator284,000 MMK
Internal Auditor521,000 MMK
Internal Control Adviser619,000 MMK
Internal Control Officer326,000 MMK
Inventory Accountant403,000 MMK
Investment Analyst772,000 MMK
Investment Fund Manager827,000 MMK
Investment Underwriter331,000 MMK
Investor496,000 MMK
Investor Relations Manager733,000 MMK
KYC Team Leader740,000 MMK
Management Economist849,000 MMK
Paymaster294,000 MMK
Payroll Clerk319,000 MMK
Payroll Manager703,000 MMK
Pensions Administrator386,000 MMK
Pricing Analyst637,000 MMK
Private Equity Analyst688,000 MMK
Proposal Development Coordinator324,000 MMK
Receivables Accountant341,000 MMK
Regulatory Accountant407,000 MMK
Retirement Plan Analyst627,000 MMK
Revenue Management Specialist619,000 MMK
Revenue Recognition Analyst731,000 MMK
Risk Management Director960,000 MMK
Risk Management Supervisor751,000 MMK
Tax Accountant349,000 MMK
Tax Advisor586,000 MMK
Tax Associate329,000 MMK
Tax Manager812,000 MMK
Teller236,000 MMK
Treasury Accountant399,000 MMK
Treasury Analyst627,000 MMK
Underwriter265,000 MMK
Underwriting Assistant261,000 MMK
Vice President of Finance1,080,000 MMK

Accounting and Finance Jobs Salary Distribution in Myanmar

Median and salary distribution monthly Myanmar Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Myanmar range from 227,000 MMK per month (minimum average salary) to 1,130,000 MMK per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 583,000 MMK per month, which means that half (50%) of people working in Accounting and Finance are earning less than 583,000 MMK while the other half are earning more than 583,000 MMK. 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 people working in Accounting and Finance are earning less than 365,000 MMK while 75% of them are earning more than 365,000 MMK. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 889,000 MMK while 25% are earning more than 889,000 MMK.


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

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 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.


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.

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.

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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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 degrees levels across many jobs, below are our findings.


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.

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 cerificate 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 Myanmar costs anywhere from 2,720,000 Kyat(s) to 8,170,000 Kyat(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly Myanmar Accounting and Finance
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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 employees in Myanmar who work in Accounting and Finance earn 10% more than their female counterparts on average.

Male
597,000 MMK
Female-9%
545,000 MMK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Myanmar for all Careers

Salary comparison by gender monthly Myanmar
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Accounting and Finance Average Annual Salary Increment Percentage in Myanmar

How much are annual salary increments in Myanmar for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Myanmar are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Myanmar 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.

Myanmar / 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 Myanmar is 5%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Myanmar 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 and Finance Bonus and Incentive Rates in Myanmar

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Myanmar Accounting and Finance
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Accounting and Finance is considered to be a high bonus-based field 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.

23% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 77% 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
77%
No Bonus
23%

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.

Accounting and Finance Hourly Average Wage in Myanmar


3,240 MMK per hour

The average hourly wage (pay per hour) in Myanmar is 3,240 MMK. This means that the average person in Myanmar earns approximately 3,240 MMK 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 and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Myanmar
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The average salary for Accounting and Finance is 3% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Yangon593,000 MMK

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 Myanmar earn 12% more than their private sector counterparts on average across all sectors.

Private Sector
515,000 MMK
Public Sector+12%
577,000 MMK
Percentage increase and decrease are relative to the previous value

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