How much money does a person working in Accounting and Finance make in New Zealand?
Average Yearly Salary
101,000 NZD
( 8,410 NZD monthly)
LOW
40,500
NZD
AVERAGE
101,000
NZD
HIGH
201,000
NZD
All salary figures displayed here are per year 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 New Zealand typically earns around 101,000 NZD. Salaries range from 40,500 NZD (lowest average) to 201,000 NZD (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 New Zealand 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
Accounting and Finance | |
Account Examiner | 50,900 NZD |
Account Executive | 89,400 NZD |
Accountant | 68,900 NZD |
Accounting Analyst | 86,400 NZD |
|
Accounting Assistant | 51,600 NZD |
Accounting Associate | 48,000 NZD |
Accounting Clerk | 41,000 NZD |
Accounting Coordinator | 61,100 NZD |
Accounting Head | 142,000 NZD |
Accounting Manager | 145,000 NZD |
Accounting Officer | 49,900 NZD |
Accounting Specialist | 96,300 NZD |
Accounting Supervisor | 92,700 NZD |
Accounting Technician | 46,600 NZD |
Accounting Unit Controller | 113,000 NZD |
Accounts Executive | 82,500 NZD |
Accounts Officer | 53,300 NZD |
Accounts Payable and Receivable Specialist | 69,100 NZD |
Accounts Payable Assistant | 54,700 NZD |
Accounts Payable Associate | 64,100 NZD |
Accounts Payable Clerk | 48,400 NZD |
Accounts Payable Manager | 136,000 NZD |
Accounts Receivable Administrator | 98,900 NZD |
Accounts Receivable Clerk | 48,900 NZD |
Accounts Receivable Financial Analyst | 96,500 NZD |
Accounts Receivable Manager | 135,000 NZD |
Accounts Receivable Team Leader | 101,000 NZD |
Algorithmic Trading Specialist | 120,000 NZD |
Assistant Accountant | 50,000 NZD |
Assistant Accounting Manager | 122,000 NZD |
Assistant Auditor | 70,400 NZD |
Assistant Corporate Controller | 91,700 NZD |
Assistant Finance Manager | 143,000 NZD |
Assistant Financial Controller | 95,800 NZD |
Audit Director | 155,000 NZD |
Audit Supervisor | 124,000 NZD |
Auditing Clerk | 53,300 NZD |
Auditing Manager | 144,000 NZD |
Billing Clerk | 51,600 NZD |
Billing Coordinator | 58,800 NZD |
Billing Specialist | 70,900 NZD |
Billing Supervisor | 102,000 NZD |
Bookkeeper | 46,400 NZD |
Bookkeeping Specialist | 63,500 NZD |
Budget Analyst | 116,000 NZD |
Budget Manager | 133,000 NZD |
Business Support Analyst | 79,400 NZD |
Capital Markets Associate | 98,100 NZD |
Cash Flow Analyst | 103,000 NZD |
Cash Management Manager | 129,000 NZD |
Cash Management Officer | 78,900 NZD |
Cashbook Clerk | 47,500 NZD |
Chartered Accountant | 83,800 NZD |
Chief Accountant | 103,000 NZD |
Chief Financial Technology Officer | 141,000 NZD |
Collections Clerk | 42,200 NZD |
Collections Representative | 58,200 NZD |
Collections Specialist | 72,200 NZD |
Corporate Controller | 105,000 NZD |
Corporate Treasurer | 135,000 NZD |
Cost Accountant | 65,000 NZD |
Cost Accounting Manager | 135,000 NZD |
Cost Accounting Supervisor | 107,000 NZD |
Cost Analyst | 103,000 NZD |
Credit and Collection Manager | 129,000 NZD |
Credit and Collection Staff | 50,300 NZD |
Credit and Loans Officer | 49,500 NZD |
Credit Controller | 95,000 NZD |
Credit Manager | 136,000 NZD |
Debt Adviser | 110,000 NZD |
Debt Collector | 56,600 NZD |
Debtors Clerk | 46,600 NZD |
Debtors Controller | 49,900 NZD |
Deputy CFO | 178,000 NZD |
Deputy Head of Finance | 180,000 NZD |
Derivative Trader | 115,000 NZD |
Director of Finance | 193,000 NZD |
E-commerce Accountant | 72,000 NZD |
Economist | 151,000 NZD |
Equity Analyst | 124,000 NZD |
Escrow Assistant | 61,700 NZD |
Executive Accountant | 77,100 NZD |
External Auditor | 92,700 NZD |
Finance Administrator | 81,600 NZD |
Finance Analyst | 125,000 NZD |
Finance Associate | 58,200 NZD |
Finance Data Analyst | 112,000 NZD |
Finance Director | 208,000 NZD |
Finance Executive | 140,000 NZD |
Finance Licensing Clerk | 47,000 NZD |
Finance Licensing Manager | 132,000 NZD |
Finance Licensing Specialist | 71,200 NZD |
Finance Manager | 189,000 NZD |
Finance Officer | 65,800 NZD |
Finance President | 193,000 NZD |
Finance Relationship Manager | 158,000 NZD |
Finance Release Analyst | 80,900 NZD |
Finance Specialist | 107,000 NZD |
Finance Team Leader | 153,000 NZD |
Financial Accountant | 67,000 NZD |
Financial Actuary | 101,000 NZD |
Financial Administrator | 107,000 NZD |
Financial Advisor | 124,000 NZD |
Financial Analyst | 118,000 NZD |
Financial Applications Specialist | 88,800 NZD |
Financial Assistant | 54,700 NZD |
Financial Associate | 62,200 NZD |
Financial Associate | 56,600 NZD |
Financial Claims Analyst | 93,700 NZD |
Financial Claims Manager | 119,000 NZD |
Financial Claims Supervisor | 116,000 NZD |
Financial Clerk | 53,700 NZD |
Financial Commercial Analyst | 102,000 NZD |
Financial Compliance Analyst | 109,000 NZD |
Financial Compliance Officer | 105,000 NZD |
Financial Consultant | 88,000 NZD |
Financial Controller | 103,000 NZD |
Financial Controller | 107,000 NZD |
Financial Coordinator | 59,400 NZD |
Financial Customer Service Manager | 126,000 NZD |
Financial Data Scientist | 130,000 NZD |
Financial Dealer and Broker | 74,200 NZD |
Financial Director | 200,000 NZD |
Financial Encoder | 57,000 NZD |
Financial Manager | 197,000 NZD |
Financial Manager | 181,000 NZD |
Financial Modelling Analyst | 120,000 NZD |
Financial Operations Manager | 171,000 NZD |
Financial Policy Analyst | 110,000 NZD |
Financial Project Manager | 140,000 NZD |
Financial Quantitative Analyst | 115,000 NZD |
Financial Reporting Consultant | 102,000 NZD |
Financial Reporting Manager | 135,000 NZD |
Financial Section Head | 126,000 NZD |
Financial Services Manager | 171,000 NZD |
Financial Services Sales Agent | 74,900 NZD |
Financial Technology Consultant | 111,000 NZD |
Financial Wellness Coach | 138,000 NZD |
FinTech Analyst | 111,000 NZD |
Fixed Assets Administrator | 69,900 NZD |
Forensic Accountant | 79,600 NZD |
Fraud Detection Supervisor | 81,400 NZD |
Fraud Prevention Manager | 142,000 NZD |
Fund Accountant | 63,800 NZD |
Grants Coordinator | 49,400 NZD |
Green Finance Analyst | 98,300 NZD |
Group Financial Manager | 188,000 NZD |
Internal Auditor | 93,400 NZD |
Internal Control Adviser | 104,000 NZD |
Internal Control Officer | 60,800 NZD |
International Tax Director | 156,000 NZD |
Inventory Accountant | 71,600 NZD |
Investment Advisor | 189,000 NZD |
Investment Analyst | 133,000 NZD |
Investment Associate | 110,000 NZD |
Investment Broker | 108,000 NZD |
Investment Fund Manager | 155,000 NZD |
Investment Operations Manager | 152,000 NZD |
Investment Underwriter | 56,400 NZD |
Investor | 91,800 NZD |
Investor Relations Manager | 137,000 NZD |
KYC Team Leader | 130,000 NZD |
Loan Processor | 53,400 NZD |
Management Accountant | 74,800 NZD |
Management Economist | 158,000 NZD |
Paymaster | 56,900 NZD |
Payroll Administrator | 91,500 NZD |
Payroll Benefits Coordinator | 75,300 NZD |
Payroll Billing Manager | 119,000 NZD |
Payroll Clerk | 57,900 NZD |
Payroll Manager | 128,000 NZD |
Payroll Officer | 59,900 NZD |
Payroll Specialist | 68,400 NZD |
Payroll Supervisor | 85,500 NZD |
Pensions Administrator | 72,000 NZD |
Personal Financial Advisor | 96,800 NZD |
Pricing Analyst | 116,000 NZD |
Private Equity Analyst | 116,000 NZD |
Project Accountant | 71,600 NZD |
Proposal Development Coordinator | 60,500 NZD |
Quantitative Trader | 94,300 NZD |
Receivables Accountant | 60,100 NZD |
Regulatory Accountant | 71,600 NZD |
Retirement Plan Analyst | 105,000 NZD |
Revenue Management Specialist | 116,000 NZD |
Revenue Recognition Analyst | 127,000 NZD |
Risk Management Director | 164,000 NZD |
Risk Management Supervisor | 129,000 NZD |
Staff Accountant | 62,900 NZD |
Tax Accountant | 63,100 NZD |
Tax Administrator | 74,500 NZD |
Tax Advisor | 101,000 NZD |
Tax Analyst | 106,000 NZD |
Tax Associate | 59,900 NZD |
Tax Consultant | 106,000 NZD |
Tax Director | 162,000 NZD |
Tax Examiner | 74,200 NZD |
Tax Manager | 141,000 NZD |
Tax Research Manager | 135,000 NZD |
Teller | 41,500 NZD |
Treasury Accountant | 70,800 NZD |
Treasury Analyst | 115,000 NZD |
Underwriter | 47,500 NZD |
Underwriting Assistant | 42,600 NZD |
Vice President of Finance | 181,000 NZD |
Accounting and Finance Jobs Pay Scale and Salaries in New Zealand
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/new-zealand/accounting-and-finance/median-and-salary-distribution-yearly-new-zealand-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
108,000 NZD or more
10% of people earn
91,400 to 108,000 NZD
20% of people earn
55,000 NZD or less
65% of people earn
55,000 to 91,400 NZD
Minimum Salary 40,500 NZD |
Median 94,600 NZD |
Maximum 201,000 NZD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
All salary figures displayed here are per year except when noted otherwise.
Salary Range, Minimum Wage, and Starting Salary
Salaries in Accounting and Finance in New Zealand range from 40,500 NZD (starting average salary) to 201,000 NZD (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 94,600 NZD, implying that half of the workforce in New Zealand 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 New Zealand earn less than 74,100 NZD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 114,000 NZD, 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 New Zealand. The analysis revealed that roughly 65% of all reported salaries fell within the range of 55,000 NZD to 91,400 NZD. Approximately 20% of salaries were below the 55,000 NZD mark, while 10% ranged from 91,400 NZD to 108,000 NZD. Only 5% of individuals earned a gross salary of 108,000 NZD or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 New Zealand 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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 New Zealand, 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 New Zealand costs anywhere from 40,700 NZD to 122,000 NZD 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 / New Zealand
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/new-zealand/accounting-and-finance/salary-comparison-by-gender-yearly-new-zealand-accounting-and-finance.jpg 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 New Zealand, the average difference between the salary of male and female employees is 5%.
Male | | 104,000 NZD |
Female | -5% | 98,500 NZD |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in New Zealand for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/new-zealand/salary-comparison-by-gender-yearly-new-zealand.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / New Zealand
How much are annual salary increments in New Zealand for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in New Zealand are likely to observe a salary increase of approximately 10% every 14 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/new-zealand/accounting-and-finance/annual-salary-increment-rate-new-zealand-accounting-and-finance.jpg 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.
New Zealand / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/new-zealand/annual-salary-increment-rate-new-zealand.jpg 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 New Zealand is 6%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 / New Zealand
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/new-zealand/accounting-and-finance/annual-salary-bonus-rate-new-zealand-accounting-and-finance.jpg
18% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 82% 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 | | 82% |
No Bonus | | 18% |
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: 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.
Hourly Average Wage / Accounting and Finance / New Zealand
49 NZD
per hour The average hourly wage (pay per hour) in Accounting and Finance in New Zealand is 49 NZD.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 New Zealand is 19 NZD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
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 New Zealand is 5% on average across all career fields.
Private Sector | | 94,900 NZD |
Public Sector | +5% | 99,900 NZD |
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 New Zealand?
A good and competitive compensation would range anywhere between 94,600 NZD and 114,000 NZD. 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 New Zealand ranges from 40,500 NZD to 74,100 NZD. 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