A person working as an Accounting Manager in Portugal typically earns around 6,270 EUR per month. Salaries range from 3,070 EUR (lowest) to 9,780 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Accounting Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounting Manager salaries in Portugal range from 3,070 EUR per month (minimum salary) to 9,780 EUR per month (maximum salary).
The median salary is 6,400 EUR per month, which means that half (50%) of people working as Accounting Manager(s) are earning less than 6,400 EUR while the other half are earning more than 6,400 EUR. 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 Accounting Manager(s) are earning less than 4,260 EUR while 75% of them are earning more than 4,260 EUR. Also from the diagram, 75% of Accounting Manager(s) are earning less than 8,250 EUR while 25% are earning more than 8,250 EUR.
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 Accounting Manager salaries by experience level and this is what we found.
An Accounting Manager with less than two years of experience makes approximately 3,640 EUR per month.
While someone with an experience level between two and five years is expected to earn 4,680 EUR per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,460 EUR per month, 38% more than someone with two to five years of experience.
Additionally, Accounting Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,010 EUR per month, 24% 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 8,580 EUR per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 9,150 EUR per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 Accounting Manager salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of an Accounting Manager is 4,680 EUR per month.
While someone with a Bachelor's Degree gets a salary of 6,290 EUR per month, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 9,650 EUR per month, 53% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Portugal costs anywhere from 24,300 Euro(s) to 72,800 Euro(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 Accounting Manager employees in Portugal earn 6% more than their female counterparts.
Accounting Manager(s) in Portugal are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 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 Portugal 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 Accounting Manager is considered to be a high 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.
18% of surveyed staff 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.
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 Accounting Manager employees in Portugal earn 6% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+2%|
Accounting Manager salaries in Portugal are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from 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 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 Accounting Manager is 33% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||2,910 EUR||-54%|
|Account Executive||4,470 EUR||-29%|
|Accounting Assistant||2,960 EUR||-53%|
|Accounting Associate||3,070 EUR||-51%|
|Accounting Clerk||2,330 EUR||-63%|
|Accounting Coordinator||2,610 EUR||-58%|
|Accounting Manager||6,270 EUR||-0%|
|Accounting Supervisor||4,470 EUR||-29%|
|Accounting Technician||2,730 EUR||-56%|
|Accounts Executive||4,140 EUR||-34%|
|Accounts Payable and Receivable Specialist||3,790 EUR||-40%|
|Accounts Payable Clerk||2,390 EUR||-62%|
|Accounts Payable Manager||4,710 EUR||-25%|
|Accounts Receivable Clerk||2,680 EUR||-57%|
|Accounts Receivable Manager||5,240 EUR||-16%|
|Assistant Accounting Manager||3,800 EUR||-39%|
|Assistant Auditor||3,590 EUR||-43%|
|Audit Supervisor||6,060 EUR||-3%|
|Auditing Clerk||3,060 EUR||-51%|
|Auditing Manager||6,330 EUR||+1%|
|Billing Coordinator||3,680 EUR||-41%|
|Billing Specialist||3,570 EUR||-43%|
|Billing Supervisor||4,470 EUR||-29%|
|Bookkeeping Specialist||3,120 EUR||-50%|
|Budget Analyst||3,630 EUR||-42%|
|Budget Manager||5,710 EUR||-9%|
|Business Support Analyst||4,380 EUR||-30%|
|Capital Markets Associate||5,030 EUR||-20%|
|Cash Flow Analyst||4,690 EUR||-25%|
|Cash Management Officer||4,170 EUR||-34%|
|Cashbook Clerk||2,960 EUR||-53%|
|Chartered Accountant||4,130 EUR||-34%|
|Collections Clerk||2,290 EUR||-63%|
|Collections Specialist||3,080 EUR||-51%|
|Corporate Treasurer||8,130 EUR||+30%|
|Cost Accountant||3,830 EUR||-39%|
|Cost Accounting Manager||4,810 EUR||-23%|
|Cost Analyst||4,870 EUR||-22%|
|Credit and Collection Manager||5,530 EUR||-12%|
|Credit and Collection Staff||2,750 EUR||-56%|
|Credit and Loans Officer||2,670 EUR||-57%|
|Credit Controller||4,490 EUR||-28%|
|Debt Adviser||5,680 EUR||-9%|
|Debt Collector||3,900 EUR||-38%|
|Debtors Clerk||3,440 EUR||-45%|
|Deputy CFO||7,870 EUR||+25%|
|Derivative Trader||6,620 EUR||+6%|
|Escrow Assistant||3,610 EUR||-42%|
|External Auditor||4,540 EUR||-28%|
|Finance Associate||3,440 EUR||-45%|
|Finance Executive||7,280 EUR||+16%|
|Finance Licensing Clerk||2,790 EUR||-56%|
|Finance Licensing Manager||4,820 EUR||-23%|
|Finance Licensing Specialist||3,700 EUR||-41%|
|Finance Officer||5,420 EUR||-14%|
|Finance President||8,890 EUR||+42%|
|Finance Relationship Manager||6,700 EUR||+7%|
|Finance Release Analyst||4,240 EUR||-32%|
|Finance Team Leader||5,050 EUR||-19%|
|Financial Actuary||4,540 EUR||-28%|
|Financial Administrator||3,980 EUR||-37%|
|Financial Analyst||4,900 EUR||-22%|
|Financial Applications Specialist||3,200 EUR||-49%|
|Financial Assistant||2,830 EUR||-55%|
|Financial Associate||3,540 EUR||-44%|
|Financial Claims Analyst||4,380 EUR||-30%|
|Financial Claims Manager||4,830 EUR||-23%|
|Financial Commercial Analyst||4,030 EUR||-36%|
|Financial Compliance Analyst||4,680 EUR||-25%|
|Financial Consultant||4,490 EUR||-28%|
|Financial Controller||4,220 EUR||-33%|
|Financial Coordinator||4,060 EUR||-35%|
|Financial Customer Service Manager||5,350 EUR||-15%|
|Financial Dealer and Broker||4,300 EUR||-31%|
|Financial Encoder||2,740 EUR||-56%|
|Financial Manager||9,030 EUR||+44%|
|Financial Operations Manager||6,530 EUR||+4%|
|Financial Policy Analyst||4,500 EUR||-28%|
|Financial Project Manager||4,300 EUR||-31%|
|Financial Quantitative Analyst||5,090 EUR||-19%|
|Financial Reporting Consultant||4,650 EUR||-26%|
|Financial Reporting Manager||5,470 EUR||-13%|
|Financial Services Sales Agent||3,990 EUR||-36%|
|Fixed Assets Administrator||3,670 EUR||-41%|
|Forensic Accountant||3,780 EUR||-40%|
|Fraud Detection Supervisor||4,490 EUR||-28%|
|Fraud Prevention Manager||6,680 EUR||+7%|
|Fund Accountant||3,340 EUR||-47%|
|Grants Coordinator||2,900 EUR||-54%|
|Internal Auditor||4,950 EUR||-21%|
|Internal Control Adviser||5,040 EUR||-20%|
|Internal Control Officer||4,140 EUR||-34%|
|Inventory Accountant||7,530 EUR||+20%|
|Investment Analyst||6,160 EUR||-2%|
|Investment Fund Manager||5,990 EUR||-4%|
|Investment Underwriter||2,900 EUR||-54%|
|Investor Relations Manager||5,540 EUR||-12%|
|KYC Team Leader||5,410 EUR||-14%|
|Management Economist||4,930 EUR||-21%|
|Payroll Clerk||2,620 EUR||-58%|
|Payroll Manager||4,800 EUR||-23%|
|Pensions Administrator||3,440 EUR||-45%|
|Pricing Analyst||5,220 EUR||-17%|
|Private Equity Analyst||5,300 EUR||-15%|
|Proposal Development Coordinator||3,380 EUR||-46%|
|Receivables Accountant||2,960 EUR||-53%|
|Regulatory Accountant||3,660 EUR||-42%|
|Retirement Plan Analyst||4,910 EUR||-22%|
|Revenue Management Specialist||4,020 EUR||-36%|
|Revenue Recognition Analyst||5,900 EUR||-6%|
|Risk Management Director||7,280 EUR||+16%|
|Risk Management Supervisor||5,440 EUR||-13%|
|Tax Accountant||3,350 EUR||-47%|
|Tax Advisor||4,670 EUR||-26%|
|Tax Associate||3,490 EUR||-44%|
|Tax Manager||7,020 EUR||+12%|
|Treasury Accountant||3,550 EUR||-43%|
|Treasury Analyst||5,000 EUR||-20%|
|Underwriting Assistant||2,620 EUR||-58%|
|Vice President of Finance||6,920 EUR||+10%|