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Accountant Average Salary in Pakistan 2020

How much money does an Accountant make in Pakistan?


Average Monthly Salary
56,400 PKR
( 677,000 PKR yearly)

LOW
27,100
PKR
AVERAGE
56,400
PKR
HIGH
88,600
PKR

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 Salary Distribution in Pakistan

Median and salary distribution monthly Pakistan Accountant
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accountant salaries in Pakistan range from 27,100 PKR per month (minimum salary) to 88,600 PKR per month (maximum salary).

  • Median 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.

  • Percentiles

    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.


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

Accountant Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Pakistan Accountant
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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.

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.

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.


Accountant average salary change by experience in Pakistan

0 - 2 Years
31,700 PKR
2 - 5 Years+42%
44,900 PKR
5 - 10 Years+31%
59,100 PKR
10 - 15 Years+23%
72,600 PKR
15 - 20 Years+6%
77,200 PKR
20+ Years+10%
84,600 PKR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Accountant Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Accountant(s) who have the same experience but different education levels.

Salary comparison by education level monthly Pakistan Accountant
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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.


Accountant average salary difference by education level in Pakistan

High School
39,400 PKR
Certificate or Diploma+16%
45,500 PKR
Bachelor's Degree+46%
66,400 PKR
Master's Degree+23%
81,800 PKR
Percentage increase and decrease are relative to the previous value

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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Accountant Salary Comparison By Gender

Salary comparison by gender monthly Pakistan Accountant
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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? Male Accountant employees in Pakistan earn 14% more than their female counterparts on average.

Female
54,400 PKR
Male+14%
62,200 PKR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Pakistan for all Careers

Salary comparison by gender monthly Pakistan
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Accountant Average Annual Salary Increment Percentage in Pakistan

How much are annual salary increments in Pakistan for Accountant(s)? How often do employees get salary raises?

Accountant

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.

Annual Salary Increment Rate Pakistan Accountant
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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.

Pakistan / 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

The average salary increase in one year (12 months) in Pakistan is 5%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Accountant Bonus and Incentive Rates in Pakistan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Pakistan Accountant
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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.

Received Bonus
53%
No Bonus
47%

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.

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Pakistan
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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.

Private Sector
76,200 PKR
Public Sector+12%
85,400 PKR
Percentage increase and decrease are relative to the previous value

Accountant Average Hourly Wage in Pakistan


330 PKR per hour

The average hourly wage (pay per hour) in Pakistan is 330 PKR. This means that the average Accountant in Pakistan earns approximately 330 PKR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Accountant VS Other Jobs

Salary Comparison Between Accountant and Accounting and Finance monthly Pakistan
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner41,900 PKR-26%
Account Executive74,700 PKR+32%
Accountant56,400 PKR-0%
Accounting Assistant42,600 PKR-24%
Accounting Associate41,400 PKR-27%
Accounting Clerk34,200 PKR-39%
Accounting Coordinator50,300 PKR-11%
Accounting Manager122,000 PKR+120%
Accounting Supervisor81,300 PKR+44%
Accounting Technician39,400 PKR-30%
Accounts Executive74,400 PKR+32%
Accounts Payable and Receivable Specialist59,300 PKR+5%
Accounts Payable Clerk41,100 PKR-27%
Accounts Payable Manager116,000 PKR+110%
Accounts Receivable Clerk42,300 PKR-25%
Accounts Receivable Manager107,000 PKR+90%
Assistant Accounting Manager110,000 PKR+95%
Assistant Auditor54,300 PKR-4%
Audit Supervisor102,000 PKR+81%
Auditing Clerk44,000 PKR-22%
Auditing Manager123,000 PKR+120%
Billing Coordinator50,100 PKR-11%
Billing Specialist61,100 PKR+8%
Billing Supervisor89,700 PKR+59%
Bookkeeper37,300 PKR-34%
Bookkeeping Specialist53,700 PKR-5%
Budget Analyst93,900 PKR+66%
Budget Manager120,000 PKR+110%
Business Support Analyst61,200 PKR+8%
Capital Markets Associate86,700 PKR+54%
Cash Flow Analyst84,700 PKR+50%
Cash Management Officer66,200 PKR+17%
Cashbook Clerk36,600 PKR-35%
Chartered Accountant71,000 PKR+26%
Collections Clerk36,100 PKR-36%
Collections Specialist57,900 PKR+3%
Corporate Treasurer109,000 PKR+93%
Cost Accountant57,600 PKR+2%
Cost Accounting Manager109,000 PKR+93%
Cost Analyst93,100 PKR+65%
Credit and Collection Manager116,000 PKR+110%
Credit and Collection Staff43,500 PKR-23%
Credit and Loans Officer40,700 PKR-28%
Credit Controller76,600 PKR+36%
Debt Adviser96,800 PKR+72%
Debt Collector45,500 PKR-19%
Debtors Clerk40,000 PKR-29%
Deputy CFO148,000 PKR+160%
Derivative Trader101,000 PKR+79%
Escrow Assistant51,700 PKR-8%
External Auditor80,000 PKR+42%
Finance Associate49,100 PKR-13%
Finance Executive121,000 PKR+110%
Finance Licensing Clerk42,400 PKR-25%
Finance Licensing Manager108,000 PKR+91%
Finance Licensing Specialist59,100 PKR+5%
Finance Officer54,100 PKR-4%
Finance President170,000 PKR+200%
Finance Relationship Manager135,000 PKR+140%
Finance Release Analyst64,900 PKR+15%
Finance Team Leader 126,000 PKR+120%
Financial Actuary90,400 PKR+60%
Financial Administrator93,000 PKR+65%
Financial Analyst100,000 PKR+77%
Financial Applications Specialist72,600 PKR+29%
Financial Assistant45,100 PKR-20%
Financial Associate43,700 PKR-23%
Financial Claims Analyst72,400 PKR+28%
Financial Claims Manager102,000 PKR+81%
Financial Commercial Analyst83,400 PKR+48%
Financial Compliance Analyst90,300 PKR+60%
Financial Consultant74,500 PKR+32%
Financial Controller85,900 PKR+52%
Financial Coordinator52,600 PKR-7%
Financial Customer Service Manager106,000 PKR+88%
Financial Dealer and Broker62,300 PKR+10%
Financial Encoder46,200 PKR-18%
Financial Manager158,000 PKR+180%
Financial Operations Manager144,000 PKR+160%
Financial Policy Analyst86,400 PKR+53%
Financial Project Manager113,000 PKR+100%
Financial Quantitative Analyst99,300 PKR+76%
Financial Reporting Consultant85,000 PKR+51%
Financial Reporting Manager106,000 PKR+88%
Financial Services Sales Agent59,300 PKR+5%
Fixed Assets Administrator58,900 PKR+4%
Forensic Accountant68,200 PKR+21%
Fraud Detection Supervisor68,900 PKR+22%
Fraud Prevention Manager110,000 PKR+95%
Fund Accountant55,000 PKR-3%
Grants Coordinator42,600 PKR-24%
Internal Auditor73,600 PKR+30%
Internal Control Adviser87,900 PKR+56%
Internal Control Officer46,900 PKR-17%
Inventory Accountant58,900 PKR+4%
Investment Analyst117,000 PKR+110%
Investment Fund Manager127,000 PKR+130%
Investment Underwriter46,800 PKR-17%
Investor72,200 PKR+28%
Investor Relations Manager108,000 PKR+91%
KYC Team Leader108,000 PKR+91%
Management Economist125,000 PKR+120%
Paymaster46,600 PKR-17%
Payroll Clerk48,900 PKR-13%
Payroll Manager98,900 PKR+75%
Pensions Administrator57,000 PKR+1%
Pricing Analyst89,700 PKR+59%
Private Equity Analyst100,000 PKR+77%
Proposal Development Coordinator47,900 PKR-15%
Receivables Accountant54,200 PKR-4%
Regulatory Accountant60,700 PKR+8%
Retirement Plan Analyst89,100 PKR+58%
Revenue Management Specialist89,300 PKR+58%
Revenue Recognition Analyst100,000 PKR+77%
Risk Management Director133,000 PKR+140%
Risk Management Supervisor116,000 PKR+110%
Tax Accountant55,400 PKR-2%
Tax Advisor85,200 PKR+51%
Tax Associate48,100 PKR-15%
Tax Manager116,000 PKR+110%
Teller34,700 PKR-38%
Treasury Accountant59,000 PKR+5%
Treasury Analyst90,800 PKR+61%
Underwriter38,400 PKR-32%
Underwriting Assistant38,500 PKR-32%
Vice President of Finance153,000 PKR+170%

Salary Comparison By City

CityAverage Salary
Bahawalpur49,300 PKR
Faisalabad59,000 PKR
Gujranwala56,400 PKR
Hyderabad53,200 PKR
Islamabad51,700 PKR
Karachi61,500 PKR
Lahore60,200 PKR
Multan54,400 PKR
Peshawar55,200 PKR
Quetta50,700 PKR
Rawalpindi57,800 PKR
Sargodha48,400 PKR
Sialkot47,200 PKR
52345 - 31

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