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Accounting and Finance Average Salaries in Portugal 2024

How much money does a person working in Accounting and Finance make in Portugal?


Average Monthly Salary
2,860 EUR
( 34,300 EUR yearly)

LOW
1,150
EUR
AVERAGE
2,860
EUR
HIGH
5,690
EUR
All salary figures displayed here are per month 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 Portugal typically earns around 2,860 EUR. Salaries range from 1,150 EUR (lowest average) to 5,690 EUR (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 Portugal 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

Job TitleAverage Salary
Accounting and Finance
Account Examiner1,430 EUR
Account Executive2,420 EUR
Accountant1,840 EUR
Accounting Analyst2,250 EUR
Accounting Assistant1,410 EUR
Accounting Associate1,330 EUR
Accounting Clerk1,140 EUR
Accounting Coordinator1,710 EUR
Accounting Head3,830 EUR
Accounting Manager4,100 EUR
Accounting Officer1,460 EUR
Accounting Specialist2,600 EUR
Accounting Supervisor2,660 EUR
Accounting Technician1,260 EUR
Accounting Unit Controller3,290 EUR
Accounts Executive2,510 EUR
Accounts Officer1,470 EUR
Accounts Payable and Receivable Specialist1,980 EUR
Accounts Payable Assistant1,540 EUR
Accounts Payable Associate1,800 EUR
Accounts Payable Clerk1,400 EUR
Accounts Payable Manager3,620 EUR
Accounts Receivable Administrator2,750 EUR
Accounts Receivable Clerk1,460 EUR
Accounts Receivable Financial Analyst2,570 EUR
Accounts Receivable Manager3,730 EUR
Accounts Receivable Team Leader2,890 EUR
Algorithmic Trading Specialist3,420 EUR
Assistant Accountant1,400 EUR
Assistant Accounting Manager3,370 EUR
Assistant Auditor1,960 EUR
Assistant Corporate Controller2,450 EUR
Assistant Finance Manager3,730 EUR
Assistant Financial Controller2,510 EUR
Audit Director4,390 EUR
Audit Supervisor3,410 EUR
Auditing Clerk1,470 EUR
Auditing Manager3,870 EUR
Billing Clerk1,430 EUR
Billing Coordinator1,670 EUR
Billing Specialist1,980 EUR
Billing Supervisor2,900 EUR
Bookkeeper1,220 EUR
Bookkeeping Specialist1,720 EUR
Budget Analyst3,100 EUR
Budget Manager4,000 EUR
Business Support Analyst2,210 EUR
Capital Markets Associate2,950 EUR
Cash Flow Analyst2,850 EUR
Cash Management Manager3,640 EUR
Cash Management Officer2,060 EUR
Cashbook Clerk1,300 EUR
Chartered Accountant2,460 EUR
Chief Accountant2,760 EUR
Chief Financial Technology Officer3,960 EUR
Collections Clerk1,110 EUR
Collections Representative1,650 EUR
Collections Specialist1,910 EUR
Corporate Controller3,120 EUR
Corporate Treasurer3,590 EUR
Cost Accountant1,920 EUR
Cost Accounting Manager3,630 EUR
Cost Accounting Supervisor3,100 EUR
Cost Analyst3,130 EUR
Credit and Collection Manager3,870 EUR
Credit and Collection Staff1,510 EUR
Credit and Loans Officer1,380 EUR
Credit Controller2,630 EUR
Credit Manager3,890 EUR
Debt Adviser3,100 EUR
Debt Collector1,470 EUR
Debtors Clerk1,320 EUR
Debtors Controller1,460 EUR
Deputy CFO5,050 EUR
Deputy Head of Finance5,290 EUR
Derivative Trader3,310 EUR
Director of Finance5,400 EUR
E-commerce Accountant2,010 EUR
Economist4,240 EUR
Equity Analyst3,450 EUR
Escrow Assistant1,620 EUR
Executive Accountant2,120 EUR
External Auditor2,530 EUR
Finance Administrator2,190 EUR
Finance Analyst3,260 EUR
Finance Associate1,590 EUR
Finance Data Analyst3,180 EUR
Finance Director5,790 EUR
Finance Executive3,840 EUR
Finance Licensing Clerk1,300 EUR
Finance Licensing Manager3,720 EUR
Finance Licensing Specialist2,050 EUR
Finance Manager5,360 EUR
Finance Officer1,860 EUR
Finance President5,290 EUR
Finance Relationship Manager4,550 EUR
Finance Release Analyst2,120 EUR
Finance Specialist3,090 EUR
Finance Team Leader 4,280 EUR
Financial Accountant1,960 EUR
Financial Actuary2,840 EUR
Financial Administrator3,130 EUR
Financial Advisor3,300 EUR
Financial Analyst3,440 EUR
Financial Applications Specialist2,400 EUR
Financial Assistant1,510 EUR
Financial Associate1,560 EUR
Financial Associate1,870 EUR
Financial Claims Analyst2,540 EUR
Financial Claims Manager3,270 EUR
Financial Claims Supervisor3,270 EUR
Financial Clerk1,480 EUR
Financial Commercial Analyst2,730 EUR
Financial Compliance Analyst3,010 EUR
Financial Compliance Officer3,040 EUR
Financial Consultant2,590 EUR
Financial Controller2,890 EUR
Financial Controller2,930 EUR
Financial Coordinator1,770 EUR
Financial Customer Service Manager3,320 EUR
Financial Data Scientist3,480 EUR
Financial Dealer and Broker2,120 EUR
Financial Director5,730 EUR
Financial Encoder1,670 EUR
Financial Manager5,020 EUR
Financial Manager5,110 EUR
Financial Modelling Analyst3,270 EUR
Financial Operations Manager4,710 EUR
Financial Policy Analyst2,850 EUR
Financial Project Manager3,760 EUR
Financial Quantitative Analyst3,250 EUR
Financial Reporting Consultant2,780 EUR
Financial Reporting Manager3,510 EUR
Financial Section Head3,550 EUR
Financial Services Manager5,000 EUR
Financial Services Sales Agent1,980 EUR
Financial Technology Consultant3,080 EUR
Financial Wellness Coach3,920 EUR
FinTech Analyst3,210 EUR
Fixed Assets Administrator1,930 EUR
Forensic Accountant2,300 EUR
Fraud Detection Supervisor2,410 EUR
Fraud Prevention Manager3,890 EUR
Fund Accountant1,780 EUR
Grants Coordinator1,360 EUR
Green Finance Analyst2,760 EUR
Group Financial Manager5,360 EUR
Internal Auditor2,610 EUR
Internal Control Adviser3,080 EUR
Internal Control Officer1,660 EUR
International Tax Director4,610 EUR
Inventory Accountant2,020 EUR
Investment Advisor4,850 EUR
Investment Analyst3,850 EUR
Investment Associate3,120 EUR
Investment Broker3,190 EUR
Investment Fund Manager4,030 EUR
Investment Operations Manager4,130 EUR
Investment Underwriter1,650 EUR
Investor2,380 EUR
Investor Relations Manager3,610 EUR
KYC Team Leader3,550 EUR
Loan Processor1,510 EUR
Management Accountant2,100 EUR
Management Economist4,180 EUR
Paymaster1,520 EUR
Payroll Administrator2,430 EUR
Payroll Benefits Coordinator2,130 EUR
Payroll Billing Manager3,430 EUR
Payroll Clerk1,570 EUR
Payroll Manager3,540 EUR
Payroll Officer1,590 EUR
Payroll Specialist2,050 EUR
Payroll Supervisor2,410 EUR
Pensions Administrator1,900 EUR
Personal Financial Advisor2,850 EUR
Pricing Analyst3,210 EUR
Private Equity Analyst3,450 EUR
Project Accountant1,950 EUR
Proposal Development Coordinator1,600 EUR
Quantitative Trader2,820 EUR
Receivables Accountant1,670 EUR
Regulatory Accountant2,090 EUR
Retirement Plan Analyst3,120 EUR
Revenue Management Specialist3,160 EUR
Revenue Recognition Analyst3,450 EUR
Risk Management Director4,510 EUR
Risk Management Supervisor3,620 EUR
Staff Accountant1,780 EUR
Tax Accountant1,790 EUR
Tax Administrator1,940 EUR
Tax Advisor2,960 EUR
Tax Analyst2,880 EUR
Tax Associate1,570 EUR
Tax Consultant2,920 EUR
Tax Director4,570 EUR
Tax Examiner1,910 EUR
Tax Manager4,020 EUR
Tax Research Manager3,920 EUR
Teller1,110 EUR
Treasury Accountant1,970 EUR
Treasury Analyst3,180 EUR
Underwriter1,280 EUR
Underwriting Assistant1,300 EUR
Vice President of Finance5,370 EUR


Accounting and Finance Jobs Pay Scale and Salaries in Portugal

Median and salary distribution Portugal Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,910 EUR or more
10% of people earn
2,460 to 2,910 EUR
20% of people earn
1,480 EUR or less
65% of people earn
1,480 to 2,460 EUR
Minimum Salary
1,150 EUR
Median
2,550 EUR
Maximum
5,690 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Portugal range from 1,150 EUR (starting average salary) to 5,690 EUR (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 2,550 EUR, implying that half of the workforce in Portugal 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 Portugal earn less than 2,000 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 3,080 EUR, 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 Portugal. The analysis revealed that roughly 65% of all reported salaries fell within the range of 1,480 EUR to 2,460 EUR. Approximately 20% of salaries were below the 1,480 EUR mark, while 10% ranged from 2,460 EUR to 2,910 EUR. Only 5% of individuals earned a gross salary of 2,910 EUR or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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 Portugal 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.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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 Portugal, 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 Portugal costs anywhere from 13,800 EUR to 41,400 EUR 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 / Portugal

Salary comparison by gender Portugal Accounting and Finance monthly
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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? In the field of Accounting and Finance in Portugal, the average difference between the salary of male and female employees is 5%.

Male
2,930 EUR
Female-5%
2,790 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Portugal for all Careers

Salary comparison by gender monthly Portugal
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Average Annual Salary Increment Percentage / Accounting and Finance / Portugal

How much are annual salary increments in Portugal for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance 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.

Annual Salary Increment Rate Portugal Accounting and Finance
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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.

Portugal / All Professions

Annual Salary Increment Rate Portugal
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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 Portugal is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Portugal

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Portugal Accounting and Finance
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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.

Received Bonus
76%
No Bonus
24%

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.

Hourly Average Wage / Accounting and Finance / Portugal


16 EUR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Portugal is 16 EUR.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 Portugal is 7 EUR. 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

CityAverage Salary
Funchal2,450 EUR
Lisbon2,930 EUR
Porto2,700 EUR

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 Portugal is 6% on average across all career fields.

Private Sector
2,690 EUR
Public Sector+6%
2,850 EUR
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 Portugal?

A good and competitive compensation would range anywhere between 2,550 EUR and 3,080 EUR. 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 Portugal ranges from 1,150 EUR to 2,000 EUR. 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


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