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.
|Job Title||Average Salary|
|Account Examiner||280,000 MMK|
|Account Executive||471,000 MMK|
|Accounting Assistant||293,000 MMK|
|Accounting Associate||276,000 MMK|
|Accounting Clerk||231,000 MMK|
|Accounting Coordinator||336,000 MMK|
|Accounting Manager||810,000 MMK|
|Accounting Supervisor||525,000 MMK|
|Accounting Technician||257,000 MMK|
|Accounts Executive||506,000 MMK|
|Accounts Payable and Receivable Specialist||394,000 MMK|
|Accounts Payable Clerk||297,000 MMK|
|Accounts Payable Manager||751,000 MMK|
|Accounts Receivable Clerk||296,000 MMK|
|Accounts Receivable Manager||736,000 MMK|
|Assistant Accounting Manager||690,000 MMK|
|Assistant Auditor||395,000 MMK|
|Audit Supervisor||719,000 MMK|
|Auditing Clerk||309,000 MMK|
|Auditing Manager||813,000 MMK|
|Billing Coordinator||346,000 MMK|
|Billing Specialist||417,000 MMK|
|Billing Supervisor||565,000 MMK|
|Bookkeeping Specialist||350,000 MMK|
|Budget Analyst||633,000 MMK|
|Budget Manager||796,000 MMK|
|Business Support Analyst||445,000 MMK|
|Capital Markets Associate||592,000 MMK|
|Cash Flow Analyst||552,000 MMK|
|Cash Management Officer||418,000 MMK|
|Cashbook Clerk||254,000 MMK|
|Chartered Accountant||488,000 MMK|
|Collections Clerk||227,000 MMK|
|Collections Specialist||406,000 MMK|
|Corporate Treasurer||762,000 MMK|
|Cost Accountant||374,000 MMK|
|Cost Accounting Manager||752,000 MMK|
|Cost Analyst||632,000 MMK|
|Credit and Collection Manager||771,000 MMK|
|Credit and Collection Staff||305,000 MMK|
|Credit and Loans Officer||272,000 MMK|
|Credit Controller||514,000 MMK|
|Debt Adviser||657,000 MMK|
|Debt Collector||304,000 MMK|
|Debtors Clerk||259,000 MMK|
|Deputy CFO||1,050,000 MMK|
|Derivative Trader||654,000 MMK|
|Escrow Assistant||335,000 MMK|
|External Auditor||520,000 MMK|
|Finance Associate||328,000 MMK|
|Finance Executive||788,000 MMK|
|Finance Licensing Clerk||267,000 MMK|
|Finance Licensing Manager||741,000 MMK|
|Finance Licensing Specialist||398,000 MMK|
|Finance Officer||371,000 MMK|
|Finance President||1,080,000 MMK|
|Finance Relationship Manager||919,000 MMK|
|Finance Release Analyst||445,000 MMK|
|Finance Team Leader||841,000 MMK|
|Financial Actuary||598,000 MMK|
|Financial Administrator||607,000 MMK|
|Financial Analyst||672,000 MMK|
|Financial Applications Specialist||471,000 MMK|
|Financial Assistant||318,000 MMK|
|Financial Associate||310,000 MMK|
|Financial Claims Analyst||490,000 MMK|
|Financial Claims Manager||681,000 MMK|
|Financial Commercial Analyst||527,000 MMK|
|Financial Compliance Analyst||636,000 MMK|
|Financial Consultant||513,000 MMK|
|Financial Controller||596,000 MMK|
|Financial Coordinator||350,000 MMK|
|Financial Customer Service Manager||686,000 MMK|
|Financial Dealer and Broker||425,000 MMK|
|Financial Encoder||336,000 MMK|
|Financial Manager||1,060,000 MMK|
|Financial Operations Manager||988,000 MMK|
|Financial Policy Analyst||594,000 MMK|
|Financial Project Manager||780,000 MMK|
|Financial Quantitative Analyst||628,000 MMK|
|Financial Reporting Consultant||549,000 MMK|
|Financial Reporting Manager||732,000 MMK|
|Financial Services Sales Agent||401,000 MMK|
|Fixed Assets Administrator||403,000 MMK|
|Forensic Accountant||464,000 MMK|
|Fraud Detection Supervisor||485,000 MMK|
|Fraud Prevention Manager||762,000 MMK|
|Fund Accountant||375,000 MMK|
|Grants Coordinator||284,000 MMK|
|Internal Auditor||521,000 MMK|
|Internal Control Adviser||619,000 MMK|
|Internal Control Officer||326,000 MMK|
|Inventory Accountant||403,000 MMK|
|Investment Analyst||772,000 MMK|
|Investment Fund Manager||827,000 MMK|
|Investment Underwriter||331,000 MMK|
|Investor Relations Manager||733,000 MMK|
|KYC Team Leader||740,000 MMK|
|Management Economist||849,000 MMK|
|Payroll Clerk||319,000 MMK|
|Payroll Manager||703,000 MMK|
|Pensions Administrator||386,000 MMK|
|Pricing Analyst||637,000 MMK|
|Private Equity Analyst||688,000 MMK|
|Proposal Development Coordinator||324,000 MMK|
|Receivables Accountant||341,000 MMK|
|Regulatory Accountant||407,000 MMK|
|Retirement Plan Analyst||627,000 MMK|
|Revenue Management Specialist||619,000 MMK|
|Revenue Recognition Analyst||731,000 MMK|
|Risk Management Director||960,000 MMK|
|Risk Management Supervisor||751,000 MMK|
|Tax Accountant||349,000 MMK|
|Tax Advisor||586,000 MMK|
|Tax Associate||329,000 MMK|
|Tax Manager||812,000 MMK|
|Treasury Accountant||399,000 MMK|
|Treasury Analyst||627,000 MMK|
|Underwriting Assistant||261,000 MMK|
|Vice President of Finance||1,080,000 MMK|
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).
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Accounting and Finance is 3% more than that of All Jobs.
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.