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Accounting and Finance Average Salaries in Nepal 2023

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

Average Monthly Salary
83,100 NPR
( 998,000 NPR yearly)

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 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).

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 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.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner41,200 NPR
Account Executive69,600 NPR
Accountant57,800 NPR
Accounting Assistant43,200 NPR
Accounting Associate39,800 NPR
Accounting Clerk34,200 NPR
Accounting Coordinator49,500 NPR
Accounting Manager120,000 NPR
Accounting Supervisor76,300 NPR
Accounting Technician39,400 NPR
Accounts Executive74,200 NPR
Accounts Payable and Receivable Specialist58,800 NPR
Accounts Payable Clerk40,000 NPR
Accounts Payable Manager112,000 NPR
Accounts Receivable Clerk40,100 NPR
Accounts Receivable Manager110,000 NPR
Assistant Accounting Manager105,000 NPR
Assistant Auditor56,900 NPR
Audit Supervisor99,100 NPR
Auditing Clerk42,600 NPR
Auditing Manager113,000 NPR
Billing Coordinator53,100 NPR
Billing Specialist62,200 NPR
Billing Supervisor87,900 NPR
Bookkeeper36,000 NPR
Bookkeeping Specialist53,800 NPR
Budget Analyst99,000 NPR
Budget Manager113,000 NPR
Business Support Analyst64,100 NPR
Capital Markets Associate86,200 NPR
Cash Flow Analyst87,000 NPR
Cash Management Officer66,300 NPR
Cashbook Clerk37,900 NPR
Chartered Accountant70,100 NPR
Collections Clerk36,300 NPR
Collections Specialist59,300 NPR
Corporate Treasurer111,000 NPR
Cost Accountant56,400 NPR
Cost Accounting Manager110,000 NPR
Cost Analyst92,800 NPR
Credit and Collection Manager109,000 NPR
Credit and Collection Staff41,200 NPR
Credit and Loans Officer40,100 NPR
Credit Controller75,100 NPR
Debt Adviser89,500 NPR
Debt Collector45,900 NPR
Debtors Clerk37,400 NPR
Deputy CFO150,000 NPR
Derivative Trader95,100 NPR
Escrow Assistant49,600 NPR
External Auditor80,400 NPR
Finance Associate47,100 NPR
Finance Executive122,000 NPR
Finance Licensing Clerk40,500 NPR
Finance Licensing Manager113,000 NPR
Finance Licensing Specialist60,800 NPR
Finance Officer56,300 NPR
Finance President162,000 NPR
Finance Relationship Manager128,000 NPR
Finance Release Analyst62,700 NPR
Finance Team Leader 124,000 NPR
Financial Actuary87,600 NPR
Financial Administrator90,900 NPR
Financial Analyst103,000 NPR
Financial Applications Specialist71,400 NPR
Financial Assistant43,800 NPR
Financial Associate47,700 NPR
Financial Claims Analyst78,100 NPR
Financial Claims Manager98,400 NPR
Financial Commercial Analyst85,500 NPR
Financial Compliance Analyst87,600 NPR
Financial Consultant73,600 NPR
Financial Controller91,000 NPR
Financial Coordinator49,300 NPR
Financial Customer Service Manager102,000 NPR
Financial Dealer and Broker58,900 NPR
Financial Encoder46,000 NPR
Financial Manager150,000 NPR
Financial Operations Manager147,000 NPR
Financial Policy Analyst91,900 NPR
Financial Project Manager114,000 NPR
Financial Quantitative Analyst97,000 NPR
Financial Reporting Consultant83,900 NPR
Financial Reporting Manager113,000 NPR
Financial Services Sales Agent62,400 NPR
Fixed Assets Administrator59,900 NPR
Forensic Accountant64,700 NPR
Fraud Detection Supervisor72,000 NPR
Fraud Prevention Manager114,000 NPR
Fund Accountant56,000 NPR
Grants Coordinator41,000 NPR
Internal Auditor73,000 NPR
Internal Control Adviser91,900 NPR
Internal Control Officer48,500 NPR
Inventory Accountant61,300 NPR
Investment Analyst116,000 NPR
Investment Fund Manager122,000 NPR
Investment Underwriter48,800 NPR
Investor76,800 NPR
Investor Relations Manager114,000 NPR
KYC Team Leader109,000 NPR
Management Economist132,000 NPR
Paymaster47,800 NPR
Payroll Clerk49,000 NPR
Payroll Manager108,000 NPR
Pensions Administrator60,000 NPR
Pricing Analyst98,000 NPR
Private Equity Analyst99,500 NPR
Proposal Development Coordinator50,400 NPR
Receivables Accountant51,800 NPR
Regulatory Accountant62,600 NPR
Retirement Plan Analyst93,200 NPR
Revenue Management Specialist92,300 NPR
Revenue Recognition Analyst103,000 NPR
Risk Management Director136,000 NPR
Risk Management Supervisor106,000 NPR
Tax Accountant54,300 NPR
Tax Advisor84,200 NPR
Tax Associate46,500 NPR
Tax Manager116,000 NPR
Teller33,800 NPR
Treasury Accountant59,000 NPR
Treasury Analyst94,100 NPR
Underwriter38,800 NPR
Underwriting Assistant38,400 NPR
Vice President of Finance160,000 NPR

Accounting and Finance Jobs Pay Scale and Salaries in Nepal

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

5% of people earn
83,500 NPR or more
10% of people earn
70,700 to 83,500 NPR
20% of people earn
42,500 NPR or less
65% of people earn
42,500 to 70,700 NPR
Minimum Salary
33,600 NPR
72,700 NPR
167,000 NPR

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 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.

  • Median Salary

    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.

  • 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 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.

  • 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 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.

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 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.

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 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.

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 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.

Salary and Compensation Comparison By Gender / Accounting and Finance / Nepal

Salary comparison by gender Nepal 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 Nepal, the average difference between the salary of male and female employees is 7%.

85,600 NPR
79,800 NPR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Nepal for all Careers

Salary comparison by gender monthly Nepal
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Average Annual Salary Increment Percentage / Accounting and Finance / Nepal

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

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.

Annual Salary Increment Rate Nepal 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.

Nepal / All Professions

Annual Salary Increment Rate Nepal
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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 Nepal is 2%.

Annual Increment Rate By Industry 2022

Information Technology

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

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 / Nepal

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Nepal Accounting and Finance
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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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Salary Forecast and Trend / Accounting and Finance / Nepal

How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
75,800 NPR
Average Salary 2020+2%
77,200 NPR
Average Salary 2021+2%
78,900 NPR
Average Salary 2022+2%
80,900 NPR
Percentage increase and decrease are relative to the previous value

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.

Salary trends and forecast monthly Nepal Accounting and Finance
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Hourly Average Wage / Accounting and Finance / Nepal

480 NPR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Nepal is 480 NPR.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 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.

Accounting and Finance VS Other Jobs

83,100 NPR
80,700 NPR
Average Salary
Accounting and Finance
Average Salary
All Jobs
Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Nepal
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Salary Comparison By City

CityAverage Salary
Kathmandu89,500 NPR
Pokhara83,100 NPR

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 Nepal is 10% on average across all career fields.

Private Sector
78,300 NPR
Public Sector+10%
86,400 NPR
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 Nepal?

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.

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 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.

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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