How much money does a person working in Accounting and Finance make in Russia?
Average Monthly Salary
108,000 RUB
( 1,290,000 RUB yearly)
LOW
43,200
RUB
AVERAGE
108,000
RUB
HIGH
215,000
RUB
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 Russia typically earns around 108,000 RUB. Salaries range from 43,200 RUB (lowest average) to 215,000 RUB (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 Russia 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
Accounting and Finance | |
Account Examiner | 51,300 RUB |
Account Executive | 93,900 RUB |
Accountant | 68,400 RUB |
Accounting Analyst | 87,300 RUB |
|
Accounting Assistant | 52,400 RUB |
Accounting Associate | 51,200 RUB |
Accounting Clerk | 42,800 RUB |
Accounting Coordinator | 61,600 RUB |
Accounting Head | 149,000 RUB |
Accounting Manager | 154,000 RUB |
Accounting Officer | 51,600 RUB |
Accounting Specialist | 92,300 RUB |
Accounting Supervisor | 93,800 RUB |
Accounting Technician | 48,700 RUB |
Accounting Unit Controller | 116,000 RUB |
Accounts Executive | 89,900 RUB |
Accounts Officer | 57,700 RUB |
Accounts Payable and Receivable Specialist | 70,600 RUB |
Accounts Payable Assistant | 54,700 RUB |
Accounts Payable Associate | 63,400 RUB |
Accounts Payable Clerk | 52,900 RUB |
Accounts Payable Manager | 138,000 RUB |
Accounts Receivable Administrator | 103,000 RUB |
Accounts Receivable Clerk | 50,700 RUB |
Accounts Receivable Financial Analyst | 97,700 RUB |
Accounts Receivable Manager | 143,000 RUB |
Accounts Receivable Team Leader | 105,000 RUB |
Algorithmic Trading Specialist | 122,000 RUB |
Assistant Accountant | 56,000 RUB |
Assistant Accounting Manager | 128,000 RUB |
Assistant Auditor | 72,800 RUB |
Assistant Corporate Controller | 91,300 RUB |
Assistant Finance Manager | 142,000 RUB |
Assistant Financial Controller | 93,300 RUB |
Audit Director | 164,000 RUB |
Audit Supervisor | 134,000 RUB |
Auditing Clerk | 57,700 RUB |
Auditing Manager | 141,000 RUB |
Billing Clerk | 53,500 RUB |
Billing Coordinator | 62,600 RUB |
Billing Specialist | 73,000 RUB |
Billing Supervisor | 107,000 RUB |
Bookkeeper | 45,200 RUB |
Bookkeeping Specialist | 66,400 RUB |
Budget Analyst | 116,000 RUB |
Budget Manager | 150,000 RUB |
Business Support Analyst | 82,000 RUB |
Capital Markets Associate | 112,000 RUB |
Cash Flow Analyst | 107,000 RUB |
Cash Management Manager | 138,000 RUB |
Cash Management Officer | 78,300 RUB |
Cashbook Clerk | 47,700 RUB |
Chartered Accountant | 94,100 RUB |
Chief Accountant | 100,000 RUB |
Chief Financial Technology Officer | 141,000 RUB |
Collections Clerk | 44,300 RUB |
Collections Representative | 61,100 RUB |
Collections Specialist | 75,000 RUB |
Corporate Controller | 114,000 RUB |
Corporate Treasurer | 141,000 RUB |
Cost Accountant | 72,000 RUB |
Cost Accounting Manager | 143,000 RUB |
Cost Accounting Supervisor | 113,000 RUB |
Cost Analyst | 112,000 RUB |
Credit and Collection Manager | 145,000 RUB |
Credit and Collection Staff | 52,200 RUB |
Credit and Loans Officer | 49,900 RUB |
Credit Controller | 100,000 RUB |
Credit Manager | 141,000 RUB |
Debt Adviser | 120,000 RUB |
Debt Collector | 57,200 RUB |
Debtors Clerk | 49,300 RUB |
Debtors Controller | 51,600 RUB |
Deputy CFO | 191,000 RUB |
Deputy Head of Finance | 202,000 RUB |
Derivative Trader | 117,000 RUB |
Director of Finance | 216,000 RUB |
E-commerce Accountant | 73,200 RUB |
Economist | 168,000 RUB |
Equity Analyst | 127,000 RUB |
Escrow Assistant | 65,300 RUB |
Executive Accountant | 76,200 RUB |
External Auditor | 102,000 RUB |
Finance Administrator | 80,400 RUB |
Finance Analyst | 126,000 RUB |
Finance Associate | 58,600 RUB |
Finance Data Analyst | 116,000 RUB |
Finance Director | 215,000 RUB |
Finance Executive | 155,000 RUB |
Finance Licensing Clerk | 49,400 RUB |
Finance Licensing Manager | 141,000 RUB |
Finance Licensing Specialist | 78,500 RUB |
Finance Manager | 200,000 RUB |
Finance Officer | 70,700 RUB |
Finance President | 212,000 RUB |
Finance Relationship Manager | 172,000 RUB |
Finance Release Analyst | 78,700 RUB |
Finance Specialist | 116,000 RUB |
Finance Team Leader | 154,000 RUB |
Financial Accountant | 69,200 RUB |
Financial Actuary | 109,000 RUB |
Financial Administrator | 112,000 RUB |
Financial Advisor | 124,000 RUB |
Financial Analyst | 125,000 RUB |
Financial Applications Specialist | 85,000 RUB |
Financial Assistant | 59,300 RUB |
Financial Associate | 54,900 RUB |
Financial Associate | 70,700 RUB |
Financial Claims Analyst | 97,600 RUB |
Financial Claims Manager | 127,000 RUB |
Financial Claims Supervisor | 115,000 RUB |
Financial Clerk | 52,000 RUB |
Financial Commercial Analyst | 101,000 RUB |
Financial Compliance Analyst | 119,000 RUB |
Financial Compliance Officer | 111,000 RUB |
Financial Consultant | 98,800 RUB |
Financial Controller | 115,000 RUB |
Financial Controller | 109,000 RUB |
Financial Coordinator | 63,400 RUB |
Financial Customer Service Manager | 134,000 RUB |
Financial Data Scientist | 128,000 RUB |
Financial Dealer and Broker | 76,300 RUB |
Financial Director | 204,000 RUB |
Financial Encoder | 58,900 RUB |
Financial Manager | 188,000 RUB |
Financial Manager | 199,000 RUB |
Financial Modelling Analyst | 121,000 RUB |
Financial Operations Manager | 184,000 RUB |
Financial Policy Analyst | 112,000 RUB |
Financial Project Manager | 148,000 RUB |
Financial Quantitative Analyst | 127,000 RUB |
Financial Reporting Consultant | 103,000 RUB |
Financial Reporting Manager | 138,000 RUB |
Financial Section Head | 136,000 RUB |
Financial Services Manager | 177,000 RUB |
Financial Services Sales Agent | 78,000 RUB |
Financial Technology Consultant | 115,000 RUB |
Financial Wellness Coach | 146,000 RUB |
FinTech Analyst | 120,000 RUB |
Fixed Assets Administrator | 75,100 RUB |
Forensic Accountant | 86,500 RUB |
Fraud Detection Supervisor | 88,300 RUB |
Fraud Prevention Manager | 143,000 RUB |
Fund Accountant | 65,700 RUB |
Grants Coordinator | 52,700 RUB |
Green Finance Analyst | 109,000 RUB |
Group Financial Manager | 194,000 RUB |
Internal Auditor | 95,800 RUB |
Internal Control Adviser | 113,000 RUB |
Internal Control Officer | 61,100 RUB |
International Tax Director | 173,000 RUB |
Inventory Accountant | 77,000 RUB |
Investment Advisor | 180,000 RUB |
Investment Analyst | 144,000 RUB |
Investment Associate | 119,000 RUB |
Investment Broker | 120,000 RUB |
Investment Fund Manager | 155,000 RUB |
Investment Operations Manager | 156,000 RUB |
Investment Underwriter | 57,800 RUB |
Investor | 93,400 RUB |
Investor Relations Manager | 143,000 RUB |
KYC Team Leader | 133,000 RUB |
Loan Processor | 56,700 RUB |
Management Accountant | 82,100 RUB |
Management Economist | 165,000 RUB |
Paymaster | 56,500 RUB |
Payroll Administrator | 93,500 RUB |
Payroll Benefits Coordinator | 80,300 RUB |
Payroll Billing Manager | 130,000 RUB |
Payroll Clerk | 60,500 RUB |
Payroll Manager | 124,000 RUB |
Payroll Officer | 60,700 RUB |
Payroll Specialist | 71,000 RUB |
Payroll Supervisor | 93,800 RUB |
Pensions Administrator | 75,000 RUB |
Personal Financial Advisor | 108,000 RUB |
Pricing Analyst | 113,000 RUB |
Private Equity Analyst | 125,000 RUB |
Project Accountant | 72,800 RUB |
Proposal Development Coordinator | 63,000 RUB |
Quantitative Trader | 97,800 RUB |
Receivables Accountant | 63,200 RUB |
Regulatory Accountant | 75,500 RUB |
Retirement Plan Analyst | 114,000 RUB |
Revenue Management Specialist | 116,000 RUB |
Revenue Recognition Analyst | 131,000 RUB |
Risk Management Director | 162,000 RUB |
Risk Management Supervisor | 145,000 RUB |
Staff Accountant | 67,900 RUB |
Tax Accountant | 66,300 RUB |
Tax Administrator | 74,000 RUB |
Tax Advisor | 113,000 RUB |
Tax Analyst | 111,000 RUB |
Tax Associate | 58,300 RUB |
Tax Consultant | 113,000 RUB |
Tax Director | 161,000 RUB |
Tax Examiner | 77,600 RUB |
Tax Manager | 146,000 RUB |
Tax Research Manager | 143,000 RUB |
Teller | 40,900 RUB |
Treasury Accountant | 73,700 RUB |
Treasury Analyst | 122,000 RUB |
Underwriter | 50,500 RUB |
Underwriting Assistant | 46,500 RUB |
Vice President of Finance | 196,000 RUB |
Accounting and Finance Jobs Pay Scale and Salaries in Russia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/russia/accounting-and-finance/median-and-salary-distribution-monthly-russia-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
112,000 RUB or more
10% of people earn
94,600 to 112,000 RUB
20% of people earn
56,900 RUB or less
65% of people earn
56,900 to 94,600 RUB
Minimum Salary 43,200 RUB |
Median 98,000 RUB |
Maximum 215,000 RUB |
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 Russia range from 43,200 RUB (starting average salary) to 215,000 RUB (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 98,000 RUB, implying that half of the workforce in Russia 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 Russia earn less than 76,700 RUB, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 118,000 RUB, 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 Russia. The analysis revealed that roughly 65% of all reported salaries fell within the range of 56,900 RUB to 94,600 RUB. Approximately 20% of salaries were below the 56,900 RUB mark, while 10% ranged from 94,600 RUB to 112,000 RUB. Only 5% of individuals earned a gross salary of 112,000 RUB or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 Russia 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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 Russia, 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 Russia costs anywhere from 521,000 RUB to 1,560,000 RUB 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 / Russia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/russia/accounting-and-finance/salary-comparison-by-gender-monthly-russia-accounting-and-finance.jpg 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 Russia, the average difference between the salary of male and female employees is 5%.
Male | | 110,000 RUB |
Female | -5% | 105,000 RUB |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Russia for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/russia/salary-comparison-by-gender-monthly-russia.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Russia
How much are annual salary increments in Russia for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance 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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/russia/accounting-and-finance/annual-salary-increment-rate-russia-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/russia/annual-salary-increment-rate-russia.jpg 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 Russia is 6%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 / Russia
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/russia/accounting-and-finance/annual-salary-bonus-rate-russia-accounting-and-finance.jpg
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 | | 78% |
No Bonus | | 22% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
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 / Russia
620 RUB
per hour The average hourly wage (pay per hour) in Accounting and Finance in Russia is 620 RUB.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 Russia is 250 RUB. 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
Chelyabinsk | 118,000 RUB |
Izhevsk | 92,200 RUB |
Kazan | 120,000 RUB |
Krasnodar | 96,000 RUB |
Krasnoyarsk | 99,600 RUB |
Moscow | 128,000 RUB |
Nizhny Novgorod | 122,000 RUB |
Omsk | 116,000 RUB |
Rostov-on-Don | 114,000 RUB |
Saint Petersburg | 126,000 RUB |
Samara | 111,000 RUB |
Saratov | 93,700 RUB |
Volgograd | 97,400 RUB |
Yekaterinburg | 124,000 RUB |
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 Russia is 6% on average across all career fields.
Private Sector | | 101,000 RUB |
Public Sector | +6% | 108,000 RUB |
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 Russia?
A good and competitive compensation would range anywhere between 98,000 RUB and 118,000 RUB. 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 Russia ranges from 43,200 RUB to 76,700 RUB. 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