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Accounting and Finance Average Salaries in Russia 2020

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

Average Monthly Salary
101,000 RUB
( 1,210,000 RUB yearly)


A person working in Accounting and Finance in Russia typically earns around 101,000 RUB per month. Salaries range from 46,300 RUB (lowest average) to 215,000 RUB (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.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner59,900 RUB
Account Executive99,100 RUB
Accountant67,000 RUB
Accounting Assistant63,100 RUB
Accounting Associate67,800 RUB
Accounting Clerk49,900 RUB
Accounting Coordinator53,800 RUB
Accounting Manager135,000 RUB
Accounting Supervisor90,200 RUB
Accounting Technician60,300 RUB
Accounts Executive84,900 RUB
Accounts Payable and Receivable Specialist77,200 RUB
Accounts Payable Clerk51,700 RUB
Accounts Payable Manager102,000 RUB
Accounts Receivable Clerk53,100 RUB
Accounts Receivable Manager115,000 RUB
Assistant Accounting Manager82,300 RUB
Assistant Auditor76,100 RUB
Audit Supervisor137,000 RUB
Auditing Clerk68,900 RUB
Auditing Manager131,000 RUB
Billing Coordinator78,800 RUB
Billing Specialist75,400 RUB
Billing Supervisor94,300 RUB
Bookkeeper51,000 RUB
Bookkeeping Specialist68,900 RUB
Budget Analyst77,300 RUB
Budget Manager122,000 RUB
Business Support Analyst92,900 RUB
Capital Markets Associate109,000 RUB
Cash Flow Analyst101,000 RUB
Cash Management Officer90,700 RUB
Cashbook Clerk62,100 RUB
Chartered Accountant90,200 RUB
Collections Clerk52,200 RUB
Collections Specialist69,000 RUB
Corporate Treasurer182,000 RUB
Cost Accountant82,100 RUB
Cost Accounting Manager108,000 RUB
Cost Analyst99,900 RUB
Credit and Collection Manager118,000 RUB
Credit and Collection Staff54,300 RUB
Credit and Loans Officer55,000 RUB
Credit Controller97,600 RUB
Debt Adviser125,000 RUB
Debt Collector86,500 RUB
Debtors Clerk73,300 RUB
Deputy CFO170,000 RUB
Derivative Trader133,000 RUB
Escrow Assistant82,900 RUB
External Auditor105,000 RUB
Finance Associate72,700 RUB
Finance Executive168,000 RUB
Finance Licensing Clerk60,500 RUB
Finance Licensing Manager105,000 RUB
Finance Licensing Specialist80,800 RUB
Finance Officer118,000 RUB
Finance President203,000 RUB
Finance Relationship Manager144,000 RUB
Finance Release Analyst89,900 RUB
Finance Team Leader 104,000 RUB
Financial Actuary99,300 RUB
Financial Administrator81,500 RUB
Financial Analyst101,000 RUB
Financial Applications Specialist64,900 RUB
Financial Assistant63,700 RUB
Financial Associate71,000 RUB
Financial Claims Analyst96,100 RUB
Financial Claims Manager107,000 RUB
Financial Commercial Analyst85,600 RUB
Financial Compliance Analyst105,000 RUB
Financial Consultant98,100 RUB
Financial Controller95,500 RUB
Financial Coordinator83,200 RUB
Financial Customer Service Manager123,000 RUB
Financial Dealer and Broker88,600 RUB
Financial Encoder55,200 RUB
Financial Manager201,000 RUB
Financial Manager192,000 RUB
Financial Operations Manager146,000 RUB
Financial Policy Analyst101,000 RUB
Financial Project Manager96,900 RUB
Financial Quantitative Analyst113,000 RUB
Financial Reporting Consultant98,700 RUB
Financial Reporting Manager123,000 RUB
Financial Services Sales Agent90,000 RUB
Fixed Assets Administrator81,800 RUB
Forensic Accountant81,300 RUB
Fraud Detection Supervisor93,900 RUB
Fraud Prevention Manager140,000 RUB
Fund Accountant70,500 RUB
Grants Coordinator64,000 RUB
Internal Auditor104,000 RUB
Internal Control Adviser105,000 RUB
Internal Control Officer87,000 RUB
Inventory Accountant164,000 RUB
Investment Analyst131,000 RUB
Investment Fund Manager132,000 RUB
Investment Underwriter57,800 RUB
Investor95,700 RUB
Investor Relations Manager125,000 RUB
KYC Team Leader115,000 RUB
Management Economist111,000 RUB
Paymaster74,400 RUB
Payroll Clerk57,800 RUB
Payroll Manager96,300 RUB
Pensions Administrator77,500 RUB
Pricing Analyst105,000 RUB
Private Equity Analyst110,000 RUB
Proposal Development Coordinator76,200 RUB
Receivables Accountant64,100 RUB
Regulatory Accountant75,700 RUB
Retirement Plan Analyst103,000 RUB
Revenue Management Specialist84,500 RUB
Revenue Recognition Analyst128,000 RUB
Risk Management Director150,000 RUB
Risk Management Supervisor124,000 RUB
Tax Accountant70,800 RUB
Tax Advisor102,000 RUB
Tax Associate74,100 RUB
Tax Manager146,000 RUB
Teller43,800 RUB
Treasury Accountant76,000 RUB
Treasury Analyst110,000 RUB
Underwriter59,900 RUB
Underwriting Assistant53,700 RUB
Vice President of Finance145,000 RUB

Accounting and Finance Jobs Salary Distribution in Russia

Median and salary distribution monthly Russia Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Russia range from 46,300 RUB per month (minimum average salary) to 215,000 RUB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 101,000 RUB per month, which means that half (50%) of people working in Accounting and Finance are earning less than 101,000 RUB while the other half are earning more than 101,000 RUB. 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 people working in Accounting and Finance are earning less than 66,400 RUB while 75% of them are earning more than 66,400 RUB. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 158,000 RUB while 25% are earning more than 158,000 RUB.

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

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 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.

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.

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.

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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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.

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.

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.

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 Russia costs anywhere from 523,000 Russian Ruble(s) to 1,570,000 Russian Ruble(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.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly Russia Accounting and Finance
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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 employees earn 6% more than their female counterparts.

98,200 RUB
104,000 RUB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Russia for all Careers

Salary comparison by gender monthly Russia
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Accounting and Finance Average Annual Salary Increment Percentage in Russia

How much are annual salary increments in Russia for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Russia are likely to observe a salary increase of approximately 10% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Russia 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.

Russia / All Professions

Annual Salary Increment Rate Russia
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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 Russia is 6%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Russia 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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Accounting and Finance Bonus and Incentive Rates in Russia

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

22% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Russia
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Where can you get paid more, working for a private company or for the government? Public sector employees in Russia earn 6% more than their private sector counterparts.

Private Sector
101,000 RUB
Public Sector+6%
108,000 RUB
Percentage increase and decrease are relative to the previous value

Accounting and Finance Salary Forecast and Trend in Russia

How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Russia Accounting and Finance
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Average Salary 2016
91,500 RUB
Average Salary 2017+4%
94,800 RUB
Average Salary 2018+2%
97,200 RUB
Average Salary 2019+1%
98,500 RUB
Percentage increase and decrease are relative to the previous value

Accounting and Finance salaries in Russia are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% 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.

Accounting and Finance Hourly Average Wage in Russia

580 RUB per hour

The average hourly wage (pay per hour) in Russia is 580 RUB. This means that the average person in Russia earns approximately 580 RUB 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Russia
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The average salary for Accounting and Finance is 3% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Chelyabinsk111,000 RUB
Izhevsk86,700 RUB
Kazan113,000 RUB
Krasnodar90,300 RUB
Krasnoyarsk93,700 RUB
Moscow121,000 RUB
Nizhny Novgorod115,000 RUB
Omsk109,000 RUB
Rostov-on-Don107,000 RUB
Saint Petersburg119,000 RUB
Samara105,000 RUB
Saratov88,100 RUB
Volgograd91,600 RUB
Yekaterinburg117,000 RUB
86333 - 14

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