A person working as an Accountant in Pakistan typically earns around 56,400 PKR per month. Salaries range from 27,100 PKR (lowest) to 88,600 PKR (highest).
This is the average monthly salary including housing, transport, and other benefits. Accountant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accountant salaries in Pakistan range from 27,100 PKR per month (minimum salary) to 88,600 PKR per month (maximum salary).
The median salary is 58,700 PKR per month, which means that half (50%) of people working as Accountant(s) are earning less than 58,700 PKR while the other half are earning more than 58,700 PKR. 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 Accountant(s) are earning less than 38,600 PKR while 75% of them are earning more than 38,600 PKR. Also from the diagram, 75% of Accountant(s) are earning less than 76,600 PKR while 25% are earning more than 76,600 PKR.
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 your wage. We broke down Accountant salaries by experience level and this is what we found.
An Accountant with less than two years of experience makes approximately 31,700 PKR per month.
While someone with an experience level between two and five years is expected to earn 44,900 PKR per month, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 59,100 PKR per month, 31% more than someone with two to five years of experience.
Additionally, Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 72,600 PKR per month, 23% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 77,200 PKR per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 84,600 PKR per month, 10% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+42%|
|5 - 10 Years||+31%|
|10 - 15 Years||+23%|
|15 - 20 Years||+6%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Accountant salaries by education level in order to make a comparison.
When the education level is High School, the average salary of an Accountant is 39,400 PKR per month.
While someone with a Certificate or Diploma gets a salary of 45,500 PKR per month, 16% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 66,400 PKR per month, 46% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 81,800 PKR per month, 23% more than someone with Bachelor's Degree.
|Certificate or Diploma||+16%|
A Master's degree program or any post-graduate program in Pakistan costs anywhere from 409,000 Pakistan Rupee(s) to 1,230,000 Pakistan 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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, 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 Accountant employees in Pakistan earn 14% more than their female counterparts on average.
Accountant(s) in Pakistan are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 19 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 Pakistan 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.
An Accountant is considered to be a moderate bonus-based job 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.
47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% 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.
Where can you get paid more, working for a private company or for the government? Public sector employees in Pakistan earn 12% more than their private sector counterparts on average across all sectors.
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 Accountant is 32% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||41,900 PKR||-26%|
|Account Executive||74,700 PKR||+32%|
|Accounting Assistant||42,600 PKR||-24%|
|Accounting Associate||41,400 PKR||-27%|
|Accounting Clerk||34,200 PKR||-39%|
|Accounting Coordinator||50,300 PKR||-11%|
|Accounting Manager||122,000 PKR||+120%|
|Accounting Supervisor||81,300 PKR||+44%|
|Accounting Technician||39,400 PKR||-30%|
|Accounts Executive||74,400 PKR||+32%|
|Accounts Payable and Receivable Specialist||59,300 PKR||+5%|
|Accounts Payable Clerk||41,100 PKR||-27%|
|Accounts Payable Manager||116,000 PKR||+110%|
|Accounts Receivable Clerk||42,300 PKR||-25%|
|Accounts Receivable Manager||107,000 PKR||+90%|
|Assistant Accounting Manager||110,000 PKR||+95%|
|Assistant Auditor||54,300 PKR||-4%|
|Audit Supervisor||102,000 PKR||+81%|
|Auditing Clerk||44,000 PKR||-22%|
|Auditing Manager||123,000 PKR||+120%|
|Billing Coordinator||50,100 PKR||-11%|
|Billing Specialist||61,100 PKR||+8%|
|Billing Supervisor||89,700 PKR||+59%|
|Bookkeeping Specialist||53,700 PKR||-5%|
|Budget Analyst||93,900 PKR||+66%|
|Budget Manager||120,000 PKR||+110%|
|Business Support Analyst||61,200 PKR||+8%|
|Capital Markets Associate||86,700 PKR||+54%|
|Cash Flow Analyst||84,700 PKR||+50%|
|Cash Management Officer||66,200 PKR||+17%|
|Cashbook Clerk||36,600 PKR||-35%|
|Chartered Accountant||71,000 PKR||+26%|
|Collections Clerk||36,100 PKR||-36%|
|Collections Specialist||57,900 PKR||+3%|
|Corporate Treasurer||109,000 PKR||+93%|
|Cost Accountant||57,600 PKR||+2%|
|Cost Accounting Manager||109,000 PKR||+93%|
|Cost Analyst||93,100 PKR||+65%|
|Credit and Collection Manager||116,000 PKR||+110%|
|Credit and Collection Staff||43,500 PKR||-23%|
|Credit and Loans Officer||40,700 PKR||-28%|
|Credit Controller||76,600 PKR||+36%|
|Debt Adviser||96,800 PKR||+72%|
|Debt Collector||45,500 PKR||-19%|
|Debtors Clerk||40,000 PKR||-29%|
|Deputy CFO||148,000 PKR||+160%|
|Derivative Trader||101,000 PKR||+79%|
|Escrow Assistant||51,700 PKR||-8%|
|External Auditor||80,000 PKR||+42%|
|Finance Associate||49,100 PKR||-13%|
|Finance Executive||121,000 PKR||+110%|
|Finance Licensing Clerk||42,400 PKR||-25%|
|Finance Licensing Manager||108,000 PKR||+91%|
|Finance Licensing Specialist||59,100 PKR||+5%|
|Finance Officer||54,100 PKR||-4%|
|Finance President||170,000 PKR||+200%|
|Finance Relationship Manager||135,000 PKR||+140%|
|Finance Release Analyst||64,900 PKR||+15%|
|Finance Team Leader||126,000 PKR||+120%|
|Financial Actuary||90,400 PKR||+60%|
|Financial Administrator||93,000 PKR||+65%|
|Financial Analyst||100,000 PKR||+77%|
|Financial Applications Specialist||72,600 PKR||+29%|
|Financial Assistant||45,100 PKR||-20%|
|Financial Associate||43,700 PKR||-23%|
|Financial Claims Analyst||72,400 PKR||+28%|
|Financial Claims Manager||102,000 PKR||+81%|
|Financial Commercial Analyst||83,400 PKR||+48%|
|Financial Compliance Analyst||90,300 PKR||+60%|
|Financial Consultant||74,500 PKR||+32%|
|Financial Controller||85,900 PKR||+52%|
|Financial Coordinator||52,600 PKR||-7%|
|Financial Customer Service Manager||106,000 PKR||+88%|
|Financial Dealer and Broker||62,300 PKR||+10%|
|Financial Encoder||46,200 PKR||-18%|
|Financial Manager||158,000 PKR||+180%|
|Financial Operations Manager||144,000 PKR||+160%|
|Financial Policy Analyst||86,400 PKR||+53%|
|Financial Project Manager||113,000 PKR||+100%|
|Financial Quantitative Analyst||99,300 PKR||+76%|
|Financial Reporting Consultant||85,000 PKR||+51%|
|Financial Reporting Manager||106,000 PKR||+88%|
|Financial Services Sales Agent||59,300 PKR||+5%|
|Fixed Assets Administrator||58,900 PKR||+4%|
|Forensic Accountant||68,200 PKR||+21%|
|Fraud Detection Supervisor||68,900 PKR||+22%|
|Fraud Prevention Manager||110,000 PKR||+95%|
|Fund Accountant||55,000 PKR||-3%|
|Grants Coordinator||42,600 PKR||-24%|
|Internal Auditor||73,600 PKR||+30%|
|Internal Control Adviser||87,900 PKR||+56%|
|Internal Control Officer||46,900 PKR||-17%|
|Inventory Accountant||58,900 PKR||+4%|
|Investment Analyst||117,000 PKR||+110%|
|Investment Fund Manager||127,000 PKR||+130%|
|Investment Underwriter||46,800 PKR||-17%|
|Investor Relations Manager||108,000 PKR||+91%|
|KYC Team Leader||108,000 PKR||+91%|
|Management Economist||125,000 PKR||+120%|
|Payroll Clerk||48,900 PKR||-13%|
|Payroll Manager||98,900 PKR||+75%|
|Pensions Administrator||57,000 PKR||+1%|
|Pricing Analyst||89,700 PKR||+59%|
|Private Equity Analyst||100,000 PKR||+77%|
|Proposal Development Coordinator||47,900 PKR||-15%|
|Receivables Accountant||54,200 PKR||-4%|
|Regulatory Accountant||60,700 PKR||+8%|
|Retirement Plan Analyst||89,100 PKR||+58%|
|Revenue Management Specialist||89,300 PKR||+58%|
|Revenue Recognition Analyst||100,000 PKR||+77%|
|Risk Management Director||133,000 PKR||+140%|
|Risk Management Supervisor||116,000 PKR||+110%|
|Tax Accountant||55,400 PKR||-2%|
|Tax Advisor||85,200 PKR||+51%|
|Tax Associate||48,100 PKR||-15%|
|Tax Manager||116,000 PKR||+110%|
|Treasury Accountant||59,000 PKR||+5%|
|Treasury Analyst||90,800 PKR||+61%|
|Underwriting Assistant||38,500 PKR||-32%|
|Vice President of Finance||153,000 PKR||+170%|