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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
26,400 BDT
( 317,000 BDT yearly)

LOW
10,800
BDT
AVERAGE
26,400
BDT
HIGH
53,800
BDT

A person working in Accounting and Finance in Bangladesh typically earns around 26,400 BDT per month. Salaries range from 10,800 BDT (lowest average) to 53,800 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 Examiner14,400 BDT
Account Executive22,900 BDT
Accountant18,700 BDT
Accounting Assistant14,900 BDT
Accounting Associate13,800 BDT
Accounting Clerk11,400 BDT
Accounting Coordinator17,200 BDT
Accounting Manager38,700 BDT
Accounting Supervisor24,800 BDT
Accounting Technician12,900 BDT
Accounts Executive24,200 BDT
Accounts Payable and Receivable Specialist19,400 BDT
Accounts Payable Clerk13,800 BDT
Accounts Payable Manager37,300 BDT
Accounts Receivable Clerk14,300 BDT
Accounts Receivable Manager38,100 BDT
Assistant Accounting Manager35,400 BDT
Assistant Auditor18,700 BDT
Audit Supervisor35,400 BDT
Auditing Clerk15,200 BDT
Auditing Manager39,300 BDT
Billing Coordinator17,000 BDT
Billing Specialist20,300 BDT
Billing Supervisor27,500 BDT
Bookkeeper12,100 BDT
Bookkeeping Specialist17,600 BDT
Budget Analyst32,100 BDT
Budget Manager39,200 BDT
Business Support Analyst21,100 BDT
Capital Markets Associate27,400 BDT
Cash Flow Analyst29,200 BDT
Cash Management Officer20,800 BDT
Cashbook Clerk12,800 BDT
Chartered Accountant23,600 BDT
Collections Clerk11,700 BDT
Collections Specialist18,700 BDT
Corporate Treasurer35,000 BDT
Cost Accountant18,400 BDT
Cost Accounting Manager37,000 BDT
Cost Analyst30,200 BDT
Credit and Collection Manager38,000 BDT
Credit and Collection Staff14,700 BDT
Credit and Loans Officer14,000 BDT
Credit Controller25,600 BDT
Debt Adviser29,900 BDT
Debt Collector14,800 BDT
Debtors Clerk13,200 BDT
Deputy CFO54,000 BDT
Derivative Trader30,900 BDT
Escrow Assistant16,200 BDT
External Auditor26,900 BDT
Finance Associate16,000 BDT
Finance Executive40,800 BDT
Finance Licensing Clerk13,700 BDT
Finance Licensing Manager36,900 BDT
Finance Licensing Specialist21,300 BDT
Finance Officer18,400 BDT
Finance President53,600 BDT
Finance Relationship Manager43,900 BDT
Finance Release Analyst21,000 BDT
Finance Team Leader 43,100 BDT
Financial Actuary28,900 BDT
Financial Administrator32,100 BDT
Financial Analyst33,500 BDT
Financial Applications Specialist23,900 BDT
Financial Assistant15,700 BDT
Financial Associate15,100 BDT
Financial Claims Analyst25,400 BDT
Financial Claims Manager34,200 BDT
Financial Commercial Analyst27,600 BDT
Financial Compliance Analyst31,300 BDT
Financial Consultant24,700 BDT
Financial Controller31,400 BDT
Financial Coordinator16,700 BDT
Financial Customer Service Manager33,100 BDT
Financial Dealer and Broker19,700 BDT
Financial Encoder15,900 BDT
Financial Manager50,200 BDT
Financial Operations Manager46,800 BDT
Financial Policy Analyst30,100 BDT
Financial Project Manager38,400 BDT
Financial Quantitative Analyst32,900 BDT
Financial Reporting Consultant25,900 BDT
Financial Reporting Manager37,200 BDT
Financial Services Sales Agent19,800 BDT
Fixed Assets Administrator19,100 BDT
Forensic Accountant22,200 BDT
Fraud Detection Supervisor22,700 BDT
Fraud Prevention Manager38,300 BDT
Fund Accountant18,300 BDT
Grants Coordinator14,300 BDT
Internal Auditor26,200 BDT
Internal Control Adviser29,000 BDT
Internal Control Officer16,400 BDT
Inventory Accountant20,100 BDT
Investment Analyst35,400 BDT
Investment Fund Manager42,800 BDT
Investment Underwriter16,600 BDT
Investor25,200 BDT
Investor Relations Manager36,100 BDT
KYC Team Leader37,600 BDT
Management Economist41,800 BDT
Paymaster15,400 BDT
Payroll Clerk16,000 BDT
Payroll Manager34,300 BDT
Pensions Administrator19,000 BDT
Pricing Analyst31,100 BDT
Private Equity Analyst34,200 BDT
Proposal Development Coordinator16,000 BDT
Receivables Accountant17,500 BDT
Regulatory Accountant20,300 BDT
Retirement Plan Analyst29,400 BDT
Revenue Management Specialist31,100 BDT
Revenue Recognition Analyst36,300 BDT
Risk Management Director44,600 BDT
Risk Management Supervisor37,300 BDT
Tax Accountant17,000 BDT
Tax Advisor28,300 BDT
Tax Associate15,600 BDT
Tax Manager39,200 BDT
Teller10,700 BDT
Treasury Accountant19,700 BDT
Treasury Analyst32,400 BDT
Underwriter13,100 BDT
Underwriting Assistant12,500 BDT
Vice President of Finance50,600 BDT

Accounting and Finance Jobs Salary Distribution in Bangladesh

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

  • Salary Range

    Accounting and Finance salaries in Bangladesh range from 10,800 BDT per month (minimum average salary) to 53,800 BDT per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 28,500 BDT per month, which means that half (50%) of people working in Accounting and Finance are earning less than 28,500 BDT while the other half are earning more than 28,500 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 17,700 BDT while 75% of them are earning more than 17,700 BDT. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 44,500 BDT while 25% are earning more than 44,500 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
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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 Bangladesh costs anywhere from 130,000 Taka(s) to 390,000 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
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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 in Bangladesh who work in Accounting and Finance earn 35% more than their female counterparts on average.

Female
22,500 BDT
Male+35%
30,300 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
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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
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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.

Bangladesh / All Professions

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

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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
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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.

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
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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 on average across all sectors.

Private Sector
23,200 BDT
Public Sector+25%
28,900 BDT
Percentage increase and decrease are relative to the previous value

Accounting and Finance Hourly Average Wage in Bangladesh


150 BDT per hour

The average hourly wage (pay per hour) in Bangladesh is 150 BDT. This means that the average person in Bangladesh earns approximately 150 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
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The average salary for Accounting and Finance is 2% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Barisal26,400 BDT
Bogra27,700 BDT
Chandpur24,300 BDT
Chittagong29,100 BDT
Coxs Bazar25,400 BDT
Dhaka29,600 BDT
Jamalpur24,900 BDT
Jessore26,000 BDT
Khulna28,100 BDT
Rajshahi28,700 BDT
St. Martin23,800 BDT
Sylhet27,100 BDT
35666 - 85

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