HOME COMPARE YOUR SALARY COST OF LIVING CALCULATOR
Home
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles
Cost of Living Calculator

Accounting and Finance Average Salaries in Bangladesh 2020

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


Average Monthly Salary
55,700 BDT
( 668,000 BDT yearly)

LOW
25,500
BDT
AVERAGE
55,700
BDT
HIGH
118,000
BDT

A person working in Accounting and Finance in Bangladesh typically earns around 55,700 BDT per month. Salaries range from 25,500 BDT (lowest average) to 118,000 BDT (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 Examiner36,700 BDT
Account Executive53,100 BDT
Accountant40,000 BDT
Accounting Assistant39,200 BDT
Accounting Associate40,200 BDT
Accounting Clerk29,200 BDT
Accounting Coordinator33,000 BDT
Accounting Manager74,300 BDT
Accounting Supervisor52,300 BDT
Accounting Technician35,000 BDT
Accounts Executive50,100 BDT
Accounts Payable and Receivable Specialist46,500 BDT
Accounts Payable Clerk29,500 BDT
Accounts Payable Manager60,900 BDT
Accounts Receivable Clerk32,900 BDT
Accounts Receivable Manager66,900 BDT
Assistant Accounting Manager50,000 BDT
Assistant Auditor42,900 BDT
Audit Supervisor79,000 BDT
Auditing Clerk39,900 BDT
Auditing Manager80,600 BDT
Billing Coordinator47,000 BDT
Billing Specialist46,000 BDT
Billing Supervisor53,100 BDT
Bookkeeper29,900 BDT
Bookkeeping Specialist40,000 BDT
Budget Analyst47,100 BDT
Budget Manager70,100 BDT
Business Support Analyst52,300 BDT
Capital Markets Associate58,600 BDT
Cash Flow Analyst60,100 BDT
Cash Management Officer52,800 BDT
Cashbook Clerk36,500 BDT
Chartered Accountant49,500 BDT
Collections Clerk30,100 BDT
Collections Specialist37,700 BDT
Corporate Treasurer99,500 BDT
Cost Accountant46,100 BDT
Cost Accounting Manager61,500 BDT
Cost Analyst58,900 BDT
Credit and Collection Manager67,900 BDT
Credit and Collection Staff33,600 BDT
Credit and Loans Officer33,700 BDT
Credit Controller54,700 BDT
Debt Adviser68,600 BDT
Debt Collector49,200 BDT
Debtors Clerk42,900 BDT
Deputy CFO106,000 BDT
Derivative Trader77,400 BDT
Escrow Assistant45,000 BDT
External Auditor60,400 BDT
Finance Associate43,500 BDT
Finance Executive96,900 BDT
Finance Licensing Clerk36,800 BDT
Finance Licensing Manager59,900 BDT
Finance Licensing Specialist48,000 BDT
Finance Officer67,400 BDT
Finance President113,000 BDT
Finance Relationship Manager81,000 BDT
Finance Release Analyst52,700 BDT
Finance Team Leader 63,700 BDT
Financial Actuary57,900 BDT
Financial Administrator51,100 BDT
Financial Analyst59,700 BDT
Financial Applications Specialist39,900 BDT
Financial Assistant36,900 BDT
Financial Associate43,000 BDT
Financial Claims Analyst54,800 BDT
Financial Claims Manager63,200 BDT
Financial Commercial Analyst51,100 BDT
Financial Compliance Analyst61,000 BDT
Financial Consultant53,800 BDT
Financial Controller57,400 BDT
Financial Coordinator48,100 BDT
Financial Customer Service Manager66,800 BDT
Financial Dealer and Broker50,100 BDT
Financial Encoder32,700 BDT
Financial Manager112,000 BDT
Financial Operations Manager81,200 BDT
Financial Policy Analyst59,600 BDT
Financial Project Manager55,000 BDT
Financial Quantitative Analyst64,500 BDT
Financial Reporting Consultant54,400 BDT
Financial Reporting Manager72,400 BDT
Financial Services Sales Agent50,000 BDT
Fixed Assets Administrator45,600 BDT
Forensic Accountant45,700 BDT
Fraud Detection Supervisor53,000 BDT
Fraud Prevention Manager82,400 BDT
Fund Accountant43,100 BDT
Grants Coordinator37,900 BDT
Internal Auditor62,200 BDT
Internal Control Adviser59,500 BDT
Internal Control Officer51,100 BDT
Inventory Accountant93,600 BDT
Investment Analyst71,000 BDT
Investment Fund Manager79,800 BDT
Investment Underwriter36,400 BDT
Investor56,600 BDT
Investor Relations Manager69,400 BDT
KYC Team Leader71,700 BDT
Management Economist61,800 BDT
Paymaster44,500 BDT
Payroll Clerk33,600 BDT
Payroll Manager58,200 BDT
Pensions Administrator43,100 BDT
Pricing Analyst63,300 BDT
Private Equity Analyst65,900 BDT
Proposal Development Coordinator42,400 BDT
Receivables Accountant39,000 BDT
Regulatory Accountant44,600 BDT
Retirement Plan Analyst58,000 BDT
Revenue Management Specialist49,600 BDT
Revenue Recognition Analyst77,800 BDT
Risk Management Director90,100 BDT
Risk Management Supervisor70,400 BDT
Tax Accountant39,800 BDT
Tax Advisor56,000 BDT
Tax Associate43,400 BDT
Tax Manager85,900 BDT
Teller25,200 BDT
Treasury Accountant44,400 BDT
Treasury Analyst63,800 BDT
Underwriter34,000 BDT
Underwriting Assistant31,700 BDT
Vice President of Finance81,700 BDT

Accounting and Finance Jobs Salary Distribution in Bangladesh

Median and salary distribution monthly Bangladesh Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/accounting-and-finance/median-and-salary-distribution-monthly-bangladesh-accounting-and-finance.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Bangladesh range from 25,500 BDT per month (minimum average salary) to 118,000 BDT per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 60,100 BDT per month, which means that half (50%) of people working in Accounting and Finance are earning less than 60,100 BDT while the other half are earning more than 60,100 BDT. 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 38,500 BDT while 75% of them are earning more than 38,500 BDT. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 96,300 BDT while 25% are earning more than 96,300 BDT.


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
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 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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 Bangladesh costs anywhere from 288,000 Taka(s) to 863,000 Taka(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 Bangladesh Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/accounting-and-finance/salary-comparison-by-gender-monthly-bangladesh-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? Male employees earn 35% more than their female counterparts.

Female
47,500 BDT
Male+35%
63,900 BDT
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bangladesh for all Careers

Salary comparison by gender monthly Bangladesh
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/salary-comparison-by-gender-monthly-bangladesh.jpg

Accounting and Finance Average Annual Salary Increment Percentage in Bangladesh

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

Accounting and Finance

Accounting and Finance professionals in Bangladesh are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bangladesh Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/accounting-and-finance/annual-salary-increment-rate-bangladesh-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.

Bangladesh / All Professions

Annual Salary Increment Rate Bangladesh
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/annual-salary-increment-rate-bangladesh.jpg

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 Bangladesh is 2%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Listed above are the average annual increase rates for each industry in Bangladesh 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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Accounting and Finance Bonus and Incentive Rates in Bangladesh

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bangladesh Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/accounting-and-finance/annual-salary-bonus-rate-bangladesh-accounting-and-finance.jpg

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.

36% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 64% 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.

Received Bonus
64%
No Bonus
36%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Bangladesh
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/public-vs-private-sector-salaries-monthly-bangladesh.jpg

Where can you get paid more, working for a private company or for the government? Public sector employees in Bangladesh earn 25% more than their private sector counterparts.

Private Sector
51,200 BDT
Public Sector+25%
63,800 BDT
Percentage increase and decrease are relative to the previous value

Accounting and Finance Salary Forecast and Trend in Bangladesh

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 Bangladesh Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/accounting-and-finance/salary-trends-and-forecast-monthly-bangladesh-accounting-and-finance.jpg
Average Salary 2016
48,200 BDT
Average Salary 2017+4%
49,900 BDT
Average Salary 2018+4%
51,800 BDT
Average Salary 2019+4%
53,700 BDT
Percentage increase and decrease are relative to the previous value

Accounting and Finance salaries in Bangladesh are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Bangladesh


320 BDT per hour

The average hourly wage (pay per hour) in Bangladesh is 320 BDT. This means that the average person in Bangladesh earns approximately 320 BDT 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 Bangladesh
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/accounting-and-finance/salary-comparison-between-accounting-and-finance-and-accounting-and-finance-monthly-bangladesh.jpg

The average salary for Accounting and Finance is 3% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Barisal55,500 BDT
Bogra58,400 BDT
Chandpur51,100 BDT
Chittagong61,300 BDT
Coxs Bazar53,400 BDT
Dhaka62,300 BDT
Jamalpur52,400 BDT
Jessore54,800 BDT
Khulna59,300 BDT
Rajshahi60,600 BDT
St. Martin50,100 BDT
Sylhet57,200 BDT
35666 - 85

Cost of Living Calculator

Salary Calculator

Salary Increase Letters

Cost of Living Comparison

Career Articles

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2018