A person working in Accounting and Finance in Portugal typically earns around 2,800 EUR per month. Salaries range from 1,150 EUR (lowest average) to 5,690 EUR (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|Account Examiner||1,430 EUR|
|Account Executive||2,420 EUR|
|Accounting Assistant||1,410 EUR|
|Accounting Associate||1,320 EUR|
|Accounting Clerk||1,140 EUR|
|Accounting Coordinator||1,710 EUR|
|Accounting Manager||4,100 EUR|
|Accounting Supervisor||2,660 EUR|
|Accounting Technician||1,260 EUR|
|Accounts Executive||2,510 EUR|
|Accounts Payable and Receivable Specialist||1,980 EUR|
|Accounts Payable Clerk||1,400 EUR|
|Accounts Payable Manager||3,620 EUR|
|Accounts Receivable Clerk||1,460 EUR|
|Accounts Receivable Manager||3,730 EUR|
|Assistant Accounting Manager||3,370 EUR|
|Assistant Auditor||1,960 EUR|
|Audit Supervisor||3,410 EUR|
|Auditing Clerk||1,470 EUR|
|Auditing Manager||3,870 EUR|
|Billing Coordinator||1,670 EUR|
|Billing Specialist||1,980 EUR|
|Billing Supervisor||2,900 EUR|
|Bookkeeping Specialist||1,720 EUR|
|Budget Analyst||3,100 EUR|
|Budget Manager||4,000 EUR|
|Business Support Analyst||2,210 EUR|
|Capital Markets Associate||2,950 EUR|
|Cash Flow Analyst||2,850 EUR|
|Cash Management Officer||2,060 EUR|
|Cashbook Clerk||1,300 EUR|
|Chartered Accountant||2,460 EUR|
|Collections Clerk||1,110 EUR|
|Collections Specialist||1,910 EUR|
|Corporate Treasurer||3,590 EUR|
|Cost Accountant||1,920 EUR|
|Cost Accounting Manager||3,630 EUR|
|Cost Analyst||3,130 EUR|
|Credit and Collection Manager||3,870 EUR|
|Credit and Collection Staff||1,510 EUR|
|Credit and Loans Officer||1,380 EUR|
|Credit Controller||2,630 EUR|
|Debt Adviser||3,100 EUR|
|Debt Collector||1,470 EUR|
|Debtors Clerk||1,320 EUR|
|Deputy CFO||5,050 EUR|
|Derivative Trader||3,310 EUR|
|Escrow Assistant||1,620 EUR|
|External Auditor||2,530 EUR|
|Finance Associate||1,590 EUR|
|Finance Executive||3,840 EUR|
|Finance Licensing Clerk||1,300 EUR|
|Finance Licensing Manager||3,720 EUR|
|Finance Licensing Specialist||2,050 EUR|
|Finance Officer||1,860 EUR|
|Finance President||5,290 EUR|
|Finance Relationship Manager||4,550 EUR|
|Finance Release Analyst||2,120 EUR|
|Finance Team Leader||4,280 EUR|
|Financial Actuary||2,840 EUR|
|Financial Administrator||3,130 EUR|
|Financial Analyst||3,440 EUR|
|Financial Applications Specialist||2,400 EUR|
|Financial Assistant||1,500 EUR|
|Financial Associate||1,560 EUR|
|Financial Claims Analyst||2,540 EUR|
|Financial Claims Manager||3,270 EUR|
|Financial Commercial Analyst||2,730 EUR|
|Financial Compliance Analyst||3,010 EUR|
|Financial Consultant||2,590 EUR|
|Financial Controller||2,890 EUR|
|Financial Coordinator||1,770 EUR|
|Financial Customer Service Manager||3,320 EUR|
|Financial Dealer and Broker||2,120 EUR|
|Financial Encoder||1,670 EUR|
|Financial Manager||5,110 EUR|
|Financial Manager||5,020 EUR|
|Financial Operations Manager||4,710 EUR|
|Financial Policy Analyst||2,850 EUR|
|Financial Project Manager||3,760 EUR|
|Financial Quantitative Analyst||3,250 EUR|
|Financial Reporting Consultant||2,780 EUR|
|Financial Reporting Manager||3,510 EUR|
|Financial Services Sales Agent||1,980 EUR|
|Fixed Assets Administrator||1,920 EUR|
|Forensic Accountant||2,300 EUR|
|Fraud Detection Supervisor||2,410 EUR|
|Fraud Prevention Manager||3,890 EUR|
|Fund Accountant||1,780 EUR|
|Grants Coordinator||1,360 EUR|
|Internal Auditor||2,610 EUR|
|Internal Control Adviser||3,080 EUR|
|Internal Control Officer||1,660 EUR|
|Inventory Accountant||2,020 EUR|
|Investment Analyst||3,850 EUR|
|Investment Fund Manager||4,030 EUR|
|Investment Underwriter||1,650 EUR|
|Investor Relations Manager||3,610 EUR|
|KYC Team Leader||3,550 EUR|
|Management Economist||4,180 EUR|
|Payroll Clerk||1,560 EUR|
|Payroll Manager||3,540 EUR|
|Pensions Administrator||1,900 EUR|
|Pricing Analyst||3,210 EUR|
|Private Equity Analyst||3,450 EUR|
|Proposal Development Coordinator||1,600 EUR|
|Receivables Accountant||1,670 EUR|
|Regulatory Accountant||2,080 EUR|
|Retirement Plan Analyst||3,120 EUR|
|Revenue Management Specialist||3,160 EUR|
|Revenue Recognition Analyst||3,450 EUR|
|Risk Management Director||4,510 EUR|
|Risk Management Supervisor||3,620 EUR|
|Tax Accountant||1,790 EUR|
|Tax Advisor||2,950 EUR|
|Tax Associate||1,570 EUR|
|Tax Manager||4,020 EUR|
|Treasury Accountant||1,970 EUR|
|Treasury Analyst||3,180 EUR|
|Underwriting Assistant||1,290 EUR|
|Vice President of Finance||5,370 EUR|
Accounting and Finance salaries in Portugal range from 1,150 EUR per month (minimum average salary) to 5,690 EUR per month (maximum average salary, actual maximum is higher).
The median salary is 2,680 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 2,680 EUR while the other half are earning more than 2,680 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 people working in Accounting and Finance are earning less than 1,720 EUR while 75% of them are earning more than 1,720 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 4,020 EUR while 25% are earning more than 4,020 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 the wage.
Generally speaking, employees 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.
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 degrees levels across many jobs, 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 cerificate 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.
A Master's degree program or any post-graduate program in Portugal costs anywhere from 13,800 Euro(s) to 41,300 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then 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 employees in Portugal who work in Accounting and Finance earn 6% more than their female counterparts on average.
Accounting and Finance professionals in Portugal are likely to observe a salary increase of approximately 11% every 14 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.
Accounting and Finance is considered to be a high bonus-based field 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.
24% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 76% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% 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 Portugal earn 6% 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 Accounting and Finance is 2% more than that of All Jobs.