A person working in Accounting and Finance in Nepal typically earns around 83,100 NPR. Salaries range from 33,600 NPR (lowest average) to 167,000 NPR (highest average, actual maximum salary is higher).
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Nepal 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.
|Job Title||Average Salary|
|Account Examiner||41,200 NPR|
|Account Executive||69,600 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|
|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||150,000 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 Relations Manager||114,000 NPR|
|KYC Team Leader||109,000 NPR|
|Management Economist||132,000 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|
|Treasury Accountant||59,000 NPR|
|Treasury Analyst||94,100 NPR|
|Underwriting Assistant||38,400 NPR|
|Vice President of Finance||160,000 NPR|
Salaries in Accounting and Finance in Nepal range from 33,600 NPR (starting average salary) to 167,000 NPR (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.
The median income in the field of Accounting and Finance is 72,700 NPR, implying that half of the workforce in Nepal 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.
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 Nepal earn less than 57,000 NPR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 87,900 NPR, while 25% earn more than that.
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 Nepal. The analysis revealed that roughly 65% of all reported salaries fell within the range of 42,500 NPR to 70,700 NPR. Approximately 20% of salaries were below the 42,500 NPR mark, while 10% ranged from 70,700 NPR to 83,500 NPR. Only 5% of individuals earned a gross salary of 83,500 NPR or higher.
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 Nepal 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 degree levels across many jobs in Accounting and Finance in Nepal, 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.
A Master's degree program or any post-graduate program in Nepal costs anywhere from 404,000 NPR to 1,210,000 NPR 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.
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 Nepal, the average difference between the salary of male and female employees is 7%.
Professionals working in Accounting and Finance 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.
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.
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 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.
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.
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.
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.
|Average Salary 2019|
|Average Salary 2020||+2%|
|Average Salary 2021||+2%|
|Average Salary 2022||+2%|
Salaries for individuals working in Accounting and Finance in Nepal are rising in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.
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.
The minimum pay rate per hour for people working in Accounting and Finance in Nepal is 190 NPR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
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 Nepal is 10% on average across all career fields.
A good and competitive compensation would range anywhere between 72,700 NPR and 87,900 NPR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for jobs in Accounting and Finance in Nepal ranges from 57,000 NPR to 87,900 NPR. 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.
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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