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Accounting and Finance Average Salaries in Moscow 2024

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


Average Monthly Salary
128,000 RUB
( 1,540,000 RUB yearly)

LOW
51,500
RUB
AVERAGE
128,000
RUB
HIGH
256,000
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 Moscow typically earns around 128,000 RUB. Salaries range from 51,500 RUB (lowest average) to 256,000 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 Moscow 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

Job TitleAverage Salary
Accounting and Finance
Account Examiner61,800 RUB
Account Executive108,000 RUB
Accountant79,100 RUB
Accounting Analyst99,900 RUB
Accounting Assistant61,200 RUB
Accounting Associate58,000 RUB
Accounting Clerk50,400 RUB
Accounting Coordinator74,200 RUB
Accounting Head170,000 RUB
Accounting Manager184,000 RUB
Accounting Officer59,600 RUB
Accounting Specialist108,000 RUB
Accounting Supervisor120,000 RUB
Accounting Technician61,000 RUB
Accounting Unit Controller135,000 RUB
Accounts Executive107,000 RUB
Accounts Officer68,100 RUB
Accounts Payable and Receivable Specialist83,300 RUB
Accounts Payable Assistant64,600 RUB
Accounts Payable Associate72,500 RUB
Accounts Payable Clerk63,700 RUB
Accounts Payable Manager167,000 RUB
Accounts Receivable Administrator120,000 RUB
Accounts Receivable Clerk62,300 RUB
Accounts Receivable Financial Analyst119,000 RUB
Accounts Receivable Manager161,000 RUB
Accounts Receivable Team Leader117,000 RUB
Algorithmic Trading Specialist144,000 RUB
Assistant Accountant61,600 RUB
Assistant Accounting Manager154,000 RUB
Assistant Auditor84,200 RUB
Assistant Corporate Controller118,000 RUB
Assistant Finance Manager173,000 RUB
Assistant Financial Controller108,000 RUB
Audit Director191,000 RUB
Audit Supervisor158,000 RUB
Auditing Clerk68,100 RUB
Auditing Manager173,000 RUB
Billing Clerk62,500 RUB
Billing Coordinator73,800 RUB
Billing Specialist92,300 RUB
Billing Supervisor123,000 RUB
Bookkeeper52,200 RUB
Bookkeeping Specialist83,200 RUB
Budget Analyst149,000 RUB
Budget Manager177,000 RUB
Business Support Analyst94,900 RUB
Capital Markets Associate122,000 RUB
Cash Flow Analyst128,000 RUB
Cash Management Manager166,000 RUB
Cash Management Officer95,300 RUB
Cashbook Clerk54,000 RUB
Chartered Accountant105,000 RUB
Chief Accountant123,000 RUB
Chief Financial Technology Officer167,000 RUB
Collections Clerk53,300 RUB
Collections Representative69,900 RUB
Collections Specialist87,600 RUB
Corporate Controller128,000 RUB
Corporate Treasurer164,000 RUB
Cost Accountant84,900 RUB
Cost Accounting Manager169,000 RUB
Cost Accounting Supervisor141,000 RUB
Cost Analyst134,000 RUB
Credit and Collection Manager171,000 RUB
Credit and Collection Staff64,100 RUB
Credit and Loans Officer60,100 RUB
Credit Controller110,000 RUB
Credit Manager171,000 RUB
Debt Adviser136,000 RUB
Debt Collector65,400 RUB
Debtors Clerk57,600 RUB
Debtors Controller59,600 RUB
Deputy CFO230,000 RUB
Deputy Head of Finance225,000 RUB
Derivative Trader149,000 RUB
Director of Finance238,000 RUB
E-commerce Accountant89,900 RUB
Economist200,000 RUB
Equity Analyst144,000 RUB
Escrow Assistant72,600 RUB
Executive Accountant91,700 RUB
External Auditor115,000 RUB
Finance Administrator101,000 RUB
Finance Analyst156,000 RUB
Finance Associate74,200 RUB
Finance Data Analyst129,000 RUB
Finance Director249,000 RUB
Finance Executive174,000 RUB
Finance Licensing Clerk59,500 RUB
Finance Licensing Manager156,000 RUB
Finance Licensing Specialist87,200 RUB
Finance Manager234,000 RUB
Finance Officer77,800 RUB
Finance President258,000 RUB
Finance Relationship Manager185,000 RUB
Finance Release Analyst91,000 RUB
Finance Specialist137,000 RUB
Finance Team Leader 185,000 RUB
Financial Accountant80,000 RUB
Financial Actuary133,000 RUB
Financial Administrator134,000 RUB
Financial Advisor148,000 RUB
Financial Analyst152,000 RUB
Financial Applications Specialist99,300 RUB
Financial Assistant70,000 RUB
Financial Associate69,500 RUB
Financial Associate77,100 RUB
Financial Claims Analyst110,000 RUB
Financial Claims Manager143,000 RUB
Financial Claims Supervisor132,000 RUB
Financial Clerk65,800 RUB
Financial Commercial Analyst117,000 RUB
Financial Compliance Analyst140,000 RUB
Financial Compliance Officer138,000 RUB
Financial Consultant110,000 RUB
Financial Controller128,000 RUB
Financial Controller137,000 RUB
Financial Coordinator75,600 RUB
Financial Customer Service Manager149,000 RUB
Financial Data Scientist160,000 RUB
Financial Dealer and Broker91,900 RUB
Financial Director241,000 RUB
Financial Encoder68,100 RUB
Financial Manager227,000 RUB
Financial Manager222,000 RUB
Financial Modelling Analyst153,000 RUB
Financial Operations Manager213,000 RUB
Financial Policy Analyst131,000 RUB
Financial Project Manager175,000 RUB
Financial Quantitative Analyst147,000 RUB
Financial Reporting Consultant119,000 RUB
Financial Reporting Manager161,000 RUB
Financial Section Head167,000 RUB
Financial Services Manager204,000 RUB
Financial Services Sales Agent92,000 RUB
Financial Technology Consultant133,000 RUB
Financial Wellness Coach171,000 RUB
FinTech Analyst142,000 RUB
Fixed Assets Administrator86,900 RUB
Forensic Accountant93,400 RUB
Fraud Detection Supervisor99,100 RUB
Fraud Prevention Manager162,000 RUB
Fund Accountant83,100 RUB
Grants Coordinator59,700 RUB
Green Finance Analyst130,000 RUB
Group Financial Manager236,000 RUB
Internal Auditor109,000 RUB
Internal Control Adviser126,000 RUB
Internal Control Officer69,200 RUB
International Tax Director204,000 RUB
Inventory Accountant84,700 RUB
Investment Advisor230,000 RUB
Investment Analyst168,000 RUB
Investment Associate146,000 RUB
Investment Broker141,000 RUB
Investment Fund Manager192,000 RUB
Investment Operations Manager186,000 RUB
Investment Underwriter72,500 RUB
Investor109,000 RUB
Investor Relations Manager168,000 RUB
KYC Team Leader155,000 RUB
Loan Processor67,000 RUB
Management Accountant95,000 RUB
Management Economist195,000 RUB
Paymaster65,400 RUB
Payroll Administrator105,000 RUB
Payroll Benefits Coordinator95,600 RUB
Payroll Billing Manager156,000 RUB
Payroll Clerk75,800 RUB
Payroll Manager157,000 RUB
Payroll Officer73,800 RUB
Payroll Specialist87,300 RUB
Payroll Supervisor109,000 RUB
Pensions Administrator88,500 RUB
Personal Financial Advisor130,000 RUB
Pricing Analyst143,000 RUB
Private Equity Analyst152,000 RUB
Project Accountant85,000 RUB
Proposal Development Coordinator74,300 RUB
Quantitative Trader120,000 RUB
Receivables Accountant76,100 RUB
Regulatory Accountant91,800 RUB
Retirement Plan Analyst128,000 RUB
Revenue Management Specialist132,000 RUB
Revenue Recognition Analyst160,000 RUB
Risk Management Director196,000 RUB
Risk Management Supervisor159,000 RUB
Staff Accountant83,300 RUB
Tax Accountant75,900 RUB
Tax Administrator90,000 RUB
Tax Advisor126,000 RUB
Tax Analyst124,000 RUB
Tax Associate67,400 RUB
Tax Consultant128,000 RUB
Tax Director184,000 RUB
Tax Examiner88,000 RUB
Tax Manager162,000 RUB
Tax Research Manager178,000 RUB
Teller51,200 RUB
Treasury Accountant87,000 RUB
Treasury Analyst137,000 RUB
Underwriter59,600 RUB
Underwriting Assistant55,400 RUB
Vice President of Finance220,000 RUB


Accounting and Finance Jobs Pay Scale and Salaries in Moscow

Median and salary distribution Moscow Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
132,000 RUB or more
10% of people earn
112,000 to 132,000 RUB
20% of people earn
67,100 RUB or less
65% of people earn
67,100 to 112,000 RUB
Minimum Salary
51,500 RUB
Median
116,000 RUB
Maximum
256,000 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 Moscow range from 51,500 RUB (starting average salary) to 256,000 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 116,000 RUB, implying that half of the workforce in Moscow 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 Moscow earn less than 90,500 RUB, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 140,000 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 Moscow. The analysis revealed that roughly 65% of all reported salaries fell within the range of 67,100 RUB to 112,000 RUB. Approximately 20% of salaries were below the 67,100 RUB mark, while 10% ranged from 112,000 RUB to 132,000 RUB. Only 5% of individuals earned a gross salary of 132,000 RUB or higher.

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 in Accounting and Finance in Moscow 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.
* 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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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 Moscow, 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 / Moscow

Salary comparison by gender Russia Accounting and Finance monthly
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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? 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

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

How much are annual salary increments in Moscow 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 % every 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 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

World Average Annual Salary Increment
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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?Annual Salary Bonus Rate Russia Accounting and Finance
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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 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.

Hourly Average Wage / Accounting and Finance / Moscow


740 RUB per hour

The average hourly wage (pay per hour) in Accounting and Finance in Moscow is 740 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 Moscow is 300 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

CityAverage Salary
Chelyabinsk118,000 RUB
Izhevsk92,200 RUB
Kazan120,000 RUB
Krasnodar96,000 RUB
Krasnoyarsk99,600 RUB
Moscow128,000 RUB
Nizhny Novgorod122,000 RUB
Omsk116,000 RUB
Rostov-on-Don114,000 RUB
Saint Petersburg126,000 RUB
Samara111,000 RUB
Saratov93,700 RUB
Volgograd97,400 RUB
Yekaterinburg124,000 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 Moscow?

A good and competitive compensation would range anywhere between 116,000 RUB and 140,000 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 Moscow ranges from 51,500 RUB to 90,500 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


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