How much money does a person working in Accounting and Finance make in Bucharest?
Average Monthly Salary
10,100 RON
( 121,000 RON yearly)
LOW
4,060
RON
AVERAGE
10,100
RON
HIGH
20,100
RON
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 Bucharest typically earns around 10,100 RON. Salaries range from 4,060 RON (lowest average) to 20,100 RON (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 Bucharest 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 | 4,840 RON |
Account Executive | 8,330 RON |
Accountant | 6,740 RON |
Accounting Analyst | 8,220 RON |
|
Accounting Assistant | 5,080 RON |
Accounting Associate | 4,800 RON |
Accounting Clerk | 4,080 RON |
Accounting Coordinator | 5,800 RON |
Accounting Head | 13,200 RON |
Accounting Manager | 14,500 RON |
Accounting Officer | 4,780 RON |
Accounting Specialist | 9,310 RON |
Accounting Supervisor | 9,430 RON |
Accounting Technician | 4,950 RON |
Accounting Unit Controller | 10,800 RON |
Accounts Executive | 8,610 RON |
Accounts Officer | 5,190 RON |
Accounts Payable and Receivable Specialist | 6,590 RON |
Accounts Payable Assistant | 5,540 RON |
Accounts Payable Associate | 5,850 RON |
Accounts Payable Clerk | 4,890 RON |
Accounts Payable Manager | 13,800 RON |
Accounts Receivable Administrator | 10,100 RON |
Accounts Receivable Clerk | 5,020 RON |
Accounts Receivable Financial Analyst | 9,810 RON |
Accounts Receivable Manager | 12,600 RON |
Accounts Receivable Team Leader | 9,390 RON |
Algorithmic Trading Specialist | 11,400 RON |
Assistant Accountant | 5,090 RON |
Assistant Accounting Manager | 12,500 RON |
Assistant Auditor | 6,750 RON |
Assistant Corporate Controller | 9,580 RON |
Assistant Finance Manager | 14,000 RON |
Assistant Financial Controller | 9,010 RON |
Audit Director | 14,900 RON |
Audit Supervisor | 12,100 RON |
Auditing Clerk | 5,190 RON |
Auditing Manager | 14,500 RON |
Billing Clerk | 5,290 RON |
Billing Coordinator | 6,090 RON |
Billing Specialist | 7,010 RON |
Billing Supervisor | 10,500 RON |
Bookkeeper | 4,360 RON |
Bookkeeping Specialist | 6,740 RON |
Budget Analyst | 12,100 RON |
Budget Manager | 14,000 RON |
Business Support Analyst | 7,610 RON |
Capital Markets Associate | 9,710 RON |
Cash Flow Analyst | 9,880 RON |
Cash Management Manager | 13,800 RON |
Cash Management Officer | 7,710 RON |
Cashbook Clerk | 4,660 RON |
Chartered Accountant | 8,250 RON |
Chief Accountant | 10,300 RON |
Chief Financial Technology Officer | 14,300 RON |
Collections Clerk | 4,340 RON |
Collections Representative | 5,990 RON |
Collections Specialist | 6,710 RON |
Corporate Controller | 10,200 RON |
Corporate Treasurer | 12,600 RON |
Cost Accountant | 6,590 RON |
Cost Accounting Manager | 13,900 RON |
Cost Accounting Supervisor | 11,000 RON |
Cost Analyst | 10,800 RON |
Credit and Collection Manager | 13,600 RON |
Credit and Collection Staff | 5,160 RON |
Credit and Loans Officer | 4,700 RON |
Credit Controller | 9,470 RON |
Credit Manager | 14,400 RON |
Debt Adviser | 11,500 RON |
Debt Collector | 5,390 RON |
Debtors Clerk | 4,490 RON |
Debtors Controller | 4,780 RON |
Deputy CFO | 19,100 RON |
Deputy Head of Finance | 17,700 RON |
Derivative Trader | 11,700 RON |
Director of Finance | 19,700 RON |
E-commerce Accountant | 7,090 RON |
Economist | 16,400 RON |
Equity Analyst | 11,400 RON |
Escrow Assistant | 5,960 RON |
Executive Accountant | 7,780 RON |
External Auditor | 9,390 RON |
Finance Administrator | 7,690 RON |
Finance Analyst | 12,700 RON |
Finance Associate | 6,100 RON |
Finance Data Analyst | 10,300 RON |
Finance Director | 20,000 RON |
Finance Executive | 14,200 RON |
Finance Licensing Clerk | 4,840 RON |
Finance Licensing Manager | 12,300 RON |
Finance Licensing Specialist | 7,450 RON |
Finance Manager | 18,300 RON |
Finance Officer | 6,170 RON |
Finance President | 20,900 RON |
Finance Relationship Manager | 14,900 RON |
Finance Release Analyst | 7,600 RON |
Finance Specialist | 11,500 RON |
Finance Team Leader | 14,500 RON |
Financial Accountant | 6,410 RON |
Financial Actuary | 10,100 RON |
Financial Administrator | 11,400 RON |
Financial Advisor | 12,100 RON |
Financial Analyst | 11,800 RON |
Financial Applications Specialist | 8,580 RON |
Financial Assistant | 5,330 RON |
Financial Associate | 5,490 RON |
Financial Associate | 6,150 RON |
Financial Claims Analyst | 9,310 RON |
Financial Claims Manager | 11,900 RON |
Financial Claims Supervisor | 10,600 RON |
Financial Clerk | 5,210 RON |
Financial Commercial Analyst | 9,960 RON |
Financial Compliance Analyst | 10,700 RON |
Financial Compliance Officer | 10,800 RON |
Financial Consultant | 8,670 RON |
Financial Controller | 11,200 RON |
Financial Controller | 10,600 RON |
Financial Coordinator | 5,950 RON |
Financial Customer Service Manager | 12,200 RON |
Financial Data Scientist | 12,200 RON |
Financial Dealer and Broker | 7,340 RON |
Financial Director | 19,100 RON |
Financial Encoder | 5,460 RON |
Financial Manager | 18,700 RON |
Financial Manager | 17,900 RON |
Financial Modelling Analyst | 12,600 RON |
Financial Operations Manager | 17,700 RON |
Financial Policy Analyst | 10,800 RON |
Financial Project Manager | 14,400 RON |
Financial Quantitative Analyst | 11,300 RON |
Financial Reporting Consultant | 9,370 RON |
Financial Reporting Manager | 13,300 RON |
Financial Section Head | 12,600 RON |
Financial Services Manager | 16,400 RON |
Financial Services Sales Agent | 7,440 RON |
Financial Technology Consultant | 10,600 RON |
Financial Wellness Coach | 13,300 RON |
FinTech Analyst | 11,900 RON |
Fixed Assets Administrator | 7,250 RON |
Forensic Accountant | 7,500 RON |
Fraud Detection Supervisor | 7,920 RON |
Fraud Prevention Manager | 14,000 RON |
Fund Accountant | 6,310 RON |
Grants Coordinator | 4,950 RON |
Green Finance Analyst | 10,700 RON |
Group Financial Manager | 19,900 RON |
Internal Auditor | 8,630 RON |
Internal Control Adviser | 10,100 RON |
Internal Control Officer | 5,970 RON |
International Tax Director | 15,800 RON |
Inventory Accountant | 6,720 RON |
Investment Advisor | 18,800 RON |
Investment Analyst | 13,400 RON |
Investment Associate | 11,100 RON |
Investment Broker | 11,000 RON |
Investment Fund Manager | 15,700 RON |
Investment Operations Manager | 15,500 RON |
Investment Underwriter | 5,770 RON |
Investor | 9,050 RON |
Investor Relations Manager | 13,600 RON |
KYC Team Leader | 12,800 RON |
Loan Processor | 5,520 RON |
Management Accountant | 7,310 RON |
Management Economist | 15,700 RON |
Paymaster | 5,560 RON |
Payroll Administrator | 8,730 RON |
Payroll Benefits Coordinator | 7,530 RON |
Payroll Billing Manager | 12,000 RON |
Payroll Clerk | 6,140 RON |
Payroll Manager | 12,400 RON |
Payroll Officer | 6,090 RON |
Payroll Specialist | 7,020 RON |
Payroll Supervisor | 8,360 RON |
Pensions Administrator | 7,150 RON |
Personal Financial Advisor | 10,200 RON |
Pricing Analyst | 11,300 RON |
Private Equity Analyst | 12,000 RON |
Project Accountant | 7,060 RON |
Proposal Development Coordinator | 6,010 RON |
Quantitative Trader | 9,670 RON |
Receivables Accountant | 6,200 RON |
Regulatory Accountant | 7,140 RON |
Retirement Plan Analyst | 10,200 RON |
Revenue Management Specialist | 11,400 RON |
Revenue Recognition Analyst | 12,200 RON |
Risk Management Director | 16,600 RON |
Risk Management Supervisor | 13,200 RON |
Staff Accountant | 6,320 RON |
Tax Accountant | 6,500 RON |
Tax Administrator | 7,290 RON |
Tax Advisor | 9,910 RON |
Tax Analyst | 10,600 RON |
Tax Associate | 5,630 RON |
Tax Consultant | 10,600 RON |
Tax Director | 14,800 RON |
Tax Examiner | 7,140 RON |
Tax Manager | 13,100 RON |
Tax Research Manager | 13,900 RON |
Teller | 3,920 RON |
Treasury Accountant | 7,030 RON |
Treasury Analyst | 10,800 RON |
Underwriter | 4,910 RON |
Underwriting Assistant | 4,450 RON |
Vice President of Finance | 17,600 RON |
Accounting and Finance Jobs Pay Scale and Salaries in Bucharest
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/romania/bucharest/accounting-and-finance/median-and-salary-distribution-monthly-bucharest-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
10,800 RON or more
10% of people earn
9,150 to 10,800 RON
20% of people earn
5,500 RON or less
65% of people earn
5,500 to 9,150 RON
Minimum Salary 4,060 RON |
Median 9,470 RON |
Maximum 20,100 RON |
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 Bucharest range from 4,060 RON (starting average salary) to 20,100 RON (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 9,470 RON, implying that half of the workforce in Bucharest 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 Bucharest earn less than 7,420 RON, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 11,400 RON, 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 Bucharest. The analysis revealed that roughly 65% of all reported salaries fell within the range of 5,500 RON to 9,150 RON. Approximately 20% of salaries were below the 5,500 RON mark, while 10% ranged from 9,150 RON to 10,800 RON. Only 5% of individuals earned a gross salary of 10,800 RON 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 Bucharest 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 Bucharest, 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 Romania costs anywhere from 45,100 RON to 135,000 RON 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 / Bucharest
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/romania/accounting-and-finance/salary-comparison-by-gender-monthly-romania-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 Romania, the average difference between the salary of male and female employees is 6%.
Male | | 9,570 RON |
Female | -6% | 9,020 RON |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Romania for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/romania/salary-comparison-by-gender-monthly-romania.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Bucharest
How much are annual salary increments in Bucharest for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Romania are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/romania/accounting-and-finance/annual-salary-increment-rate-romania-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.
Romania / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/romania/annual-salary-increment-rate-romania.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 Romania is 5%.”
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 / Romania
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/romania/accounting-and-finance/annual-salary-bonus-rate-romania-accounting-and-finance.jpg
100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
Received Bonus | | % |
No Bonus | | 100% |
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 / Bucharest
58 RON
per hour The average hourly wage (pay per hour) in Accounting and Finance in Bucharest is 58 RON.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 Bucharest is 23 RON. 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
Brasov | 8,330 RON |
Bucharest | 10,100 RON |
Cluj-Napoca | 9,300 RON |
Sibiu | 9,780 RON |
Timisoara | 8,750 RON |
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 Romania is 7% on average across all career fields.
Private Sector | | 8,790 RON |
Public Sector | +7% | 9,420 RON |
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 Bucharest?
A good and competitive compensation would range anywhere between 9,470 RON and 11,400 RON. 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 Bucharest ranges from 4,060 RON to 7,420 RON. 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