Accounting and Finance Average Salaries in Nepal 2023
How much money does a person working in Accounting and Finance make in Nepal?
LOW
33,600
NPR AVERAGE
83,100
NPR HIGH
167,000
NPR
A person working in Accounting and Finance in Nepal typically earns around 83,100 NPR per month. Salaries range from 33,600 NPR (lowest average) to 167,000 NPR (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 Title | Average Salary |
| Account Examiner | 41,200 NPR |
| Account Executive | 69,600 NPR |
| Accountant | 57,800 NPR |
| Accounting Assistant | 43,200 NPR |
| Accounting Associate | 39,800 NPR |
| Accounting Clerk | 34,200 NPR |
| Accounting Coordinator | 49,500 NPR |
| Accounting Manager | 120,000 NPR |
| Accounting Supervisor | 76,300 NPR |
| Accounting Technician | 39,400 NPR |
| Accounts Executive | 74,200 NPR |
| Accounts Payable and Receivable Specialist | 58,800 NPR |
| Accounts Payable Clerk | 40,000 NPR |
| Accounts Payable Manager | 112,000 NPR |
| Accounts Receivable Clerk | 40,100 NPR |
| Accounts Receivable Manager | 110,000 NPR |
| Assistant Accounting Manager | 105,000 NPR |
| Assistant Auditor | 56,900 NPR |
| Audit Supervisor | 99,100 NPR |
| Auditing Clerk | 42,600 NPR |
| Auditing Manager | 113,000 NPR |
| Billing Coordinator | 53,100 NPR |
| Billing Specialist | 62,200 NPR |
| Billing Supervisor | 87,900 NPR |
| Bookkeeper | 36,000 NPR |
| Bookkeeping Specialist | 53,800 NPR |
| Budget Analyst | 99,000 NPR |
| Budget Manager | 113,000 NPR |
| Business Support Analyst | 64,100 NPR |
| Capital Markets Associate | 86,200 NPR |
| Cash Flow Analyst | 87,000 NPR |
| Cash Management Officer | 66,300 NPR |
| Cashbook Clerk | 37,900 NPR |
| Chartered Accountant | 70,100 NPR |
| Collections Clerk | 36,300 NPR |
| Collections Specialist | 59,300 NPR |
| Corporate Treasurer | 111,000 NPR |
| Cost Accountant | 56,400 NPR |
| Cost Accounting Manager | 110,000 NPR |
| Cost Analyst | 92,800 NPR |
| Credit and Collection Manager | 109,000 NPR |
| Credit and Collection Staff | 41,200 NPR |
| Credit and Loans Officer | 40,100 NPR |
| Credit Controller | 75,100 NPR |
| Debt Adviser | 89,500 NPR |
| Debt Collector | 45,900 NPR |
| Debtors Clerk | 37,400 NPR |
| Deputy CFO | 150,000 NPR |
| Derivative Trader | 95,100 NPR |
| Escrow Assistant | 49,600 NPR |
| External Auditor | 80,400 NPR |
| Finance Associate | 47,100 NPR |
| Finance Executive | 122,000 NPR |
| Finance Licensing Clerk | 40,500 NPR |
| Finance Licensing Manager | 113,000 NPR |
| Finance Licensing Specialist | 60,800 NPR |
| Finance Officer | 56,300 NPR |
| Finance President | 162,000 NPR |
| Finance Relationship Manager | 128,000 NPR |
| Finance Release Analyst | 62,700 NPR |
| Finance Team Leader | 124,000 NPR |
| Financial Actuary | 87,600 NPR |
| Financial Administrator | 90,900 NPR |
| Financial Analyst | 103,000 NPR |
| Financial Applications Specialist | 71,400 NPR |
| Financial Assistant | 43,800 NPR |
| Financial Associate | 47,700 NPR |
| Financial Claims Analyst | 78,100 NPR |
| Financial Claims Manager | 98,400 NPR |
| Financial Commercial Analyst | 85,500 NPR |
| Financial Compliance Analyst | 87,600 NPR |
| Financial Consultant | 73,600 NPR |
| Financial Controller | 91,000 NPR |
| Financial Coordinator | 49,300 NPR |
| Financial Customer Service Manager | 102,000 NPR |
| Financial Dealer and Broker | 58,900 NPR |
| Financial Encoder | 46,000 NPR |
| Financial Manager | 160,000 NPR |
| Financial Operations Manager | 147,000 NPR |
| Financial Policy Analyst | 91,900 NPR |
| Financial Project Manager | 114,000 NPR |
| Financial Quantitative Analyst | 97,000 NPR |
| Financial Reporting Consultant | 83,900 NPR |
| Financial Reporting Manager | 113,000 NPR |
| Financial Services Sales Agent | 62,400 NPR |
| Fixed Assets Administrator | 59,900 NPR |
| Forensic Accountant | 64,700 NPR |
| Fraud Detection Supervisor | 72,000 NPR |
| Fraud Prevention Manager | 114,000 NPR |
| Fund Accountant | 56,000 NPR |
| Grants Coordinator | 41,000 NPR |
| Internal Auditor | 73,000 NPR |
| Internal Control Adviser | 91,900 NPR |
| Internal Control Officer | 48,500 NPR |
| Inventory Accountant | 61,300 NPR |
| Investment Analyst | 116,000 NPR |
| Investment Fund Manager | 122,000 NPR |
| Investment Underwriter | 48,800 NPR |
| Investor | 76,800 NPR |
| Investor Relations Manager | 114,000 NPR |
| KYC Team Leader | 109,000 NPR |
| Management Economist | 132,000 NPR |
| Paymaster | 47,800 NPR |
| Payroll Clerk | 49,000 NPR |
| Payroll Manager | 108,000 NPR |
| Pensions Administrator | 60,000 NPR |
| Pricing Analyst | 98,000 NPR |
| Private Equity Analyst | 99,500 NPR |
| Proposal Development Coordinator | 50,400 NPR |
| Receivables Accountant | 51,800 NPR |
| Regulatory Accountant | 62,600 NPR |
| Retirement Plan Analyst | 93,200 NPR |
| Revenue Management Specialist | 92,300 NPR |
| Revenue Recognition Analyst | 103,000 NPR |
| Risk Management Director | 136,000 NPR |
| Risk Management Supervisor | 106,000 NPR |
| Tax Accountant | 54,300 NPR |
| Tax Advisor | 84,200 NPR |
| Tax Associate | 46,500 NPR |
| Tax Manager | 116,000 NPR |
| Teller | 33,800 NPR |
| Treasury Accountant | 59,000 NPR |
| Treasury Analyst | 94,100 NPR |
| Underwriter | 38,800 NPR |
| Underwriting Assistant | 38,400 NPR |
| Vice President of Finance | 160,000 NPR |
Accounting and Finance Jobs Salary Distribution in Nepal
The median, the maximum, the minimum, and the range
Salary Range
Accounting and Finance salaries in Nepal range from 33,600 NPR per month (minimum average salary) to 167,000 NPR per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 76,500 NPR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 76,500 NPR while the other half are earning more than 76,500 NPR. 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 49,600 NPR while 75% of them are earning more than 49,600 NPR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 112,000 NPR while 25% are earning more than 112,000 NPR.
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?
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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 Nepal costs anywhere from 404,000 Nepalese Rupee(s) to 1,210,000 Nepalese Rupee(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
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Nepal who work in Accounting and Finance earn 7% more than their female counterparts on average.
| Male | 85,600 NPR | |
| Female | -7% | 79,800 NPR |
Salary Comparison By Gender in Nepal for all Careers
Accounting and Finance Average Annual Salary Increment Percentage in Nepal
How much are annual salary increments in Nepal for Accounting and Finance professionals? How often do employees get salary raises?
Accounting and Finance
Accounting and Finance professionals in Nepal are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Nepal / 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
Annual Increment Rate By Industry 2022
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Nepal for the year 2022. 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
Accounting and Finance Bonus and Incentive Rates in Nepal
How much and how often are bonuses being awarded?
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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.
44% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.
| Received Bonus | 56% | |
| No Bonus | 44% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 Nepal
480 NPR per hourThe average hourly wage (pay per hour) in Nepal is 480 NPR. This means that the average person in Nepal earns approximately 480 NPR for every worked hour.
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
The average salary for Accounting and Finance is 3% more than that of All Jobs.
Salary Comparison By City
| City | Average Salary |
| Kathmandu | 89,500 NPR |
| Pokhara | 83,100 NPR |
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 Nepal earn 10% more than their private sector counterparts on average across all sectors.
| Private Sector | 78,300 NPR | |
| Public Sector | +10% | 86,400 NPR |
