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Accounting and Finance Average Salaries in Belgium 2024

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


Average Monthly Salary
6,360 EUR
( 76,400 EUR yearly)

LOW
2,820
EUR
AVERAGE
6,360
EUR
HIGH
12,200
EUR
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 Belgium typically earns around 6,360 EUR. Salaries range from 2,820 EUR (lowest average) to 12,200 EUR (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 Belgium 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 Examiner3,600 EUR
Account Executive5,460 EUR
Accountant4,510 EUR
Accounting Analyst5,510 EUR
Accounting Assistant3,710 EUR
Accounting Associate3,420 EUR
Accounting Clerk2,930 EUR
Accounting Coordinator4,220 EUR
Accounting Head8,380 EUR
Accounting Manager8,930 EUR
Accounting Officer3,580 EUR
Accounting Specialist6,290 EUR
Accounting Supervisor6,370 EUR
Accounting Technician3,400 EUR
Accounting Unit Controller7,490 EUR
Accounts Executive5,710 EUR
Accounts Officer3,550 EUR
Accounts Payable and Receivable Specialist4,750 EUR
Accounts Payable Assistant3,930 EUR
Accounts Payable Associate4,290 EUR
Accounts Payable Clerk3,490 EUR
Accounts Payable Manager8,700 EUR
Accounts Receivable Administrator6,550 EUR
Accounts Receivable Clerk3,640 EUR
Accounts Receivable Financial Analyst6,310 EUR
Accounts Receivable Manager8,070 EUR
Accounts Receivable Team Leader6,380 EUR
Algorithmic Trading Specialist7,870 EUR
Assistant Accountant3,470 EUR
Assistant Accounting Manager8,410 EUR
Assistant Auditor4,420 EUR
Assistant Corporate Controller6,350 EUR
Assistant Finance Manager9,320 EUR
Assistant Financial Controller6,220 EUR
Audit Director9,790 EUR
Audit Supervisor7,650 EUR
Auditing Clerk3,550 EUR
Auditing Manager9,420 EUR
Billing Clerk3,640 EUR
Billing Coordinator4,340 EUR
Billing Specialist4,960 EUR
Billing Supervisor6,800 EUR
Bookkeeper3,260 EUR
Bookkeeping Specialist4,460 EUR
Budget Analyst7,910 EUR
Budget Manager8,670 EUR
Business Support Analyst4,930 EUR
Capital Markets Associate6,340 EUR
Cash Flow Analyst6,600 EUR
Cash Management Manager8,690 EUR
Cash Management Officer5,350 EUR
Cashbook Clerk3,280 EUR
Chartered Accountant5,440 EUR
Chief Accountant6,860 EUR
Chief Financial Technology Officer9,380 EUR
Collections Clerk2,940 EUR
Collections Representative4,070 EUR
Collections Specialist4,460 EUR
Corporate Controller6,910 EUR
Corporate Treasurer7,980 EUR
Cost Accountant4,560 EUR
Cost Accounting Manager8,460 EUR
Cost Accounting Supervisor7,140 EUR
Cost Analyst7,020 EUR
Credit and Collection Manager8,410 EUR
Credit and Collection Staff3,730 EUR
Credit and Loans Officer3,510 EUR
Credit Controller5,970 EUR
Credit Manager9,410 EUR
Debt Adviser7,100 EUR
Debt Collector3,770 EUR
Debtors Clerk3,260 EUR
Debtors Controller3,580 EUR
Deputy CFO11,900 EUR
Deputy Head of Finance11,200 EUR
Derivative Trader7,820 EUR
Director of Finance12,100 EUR
E-commerce Accountant4,760 EUR
Economist9,880 EUR
Equity Analyst7,650 EUR
Escrow Assistant3,980 EUR
Executive Accountant5,300 EUR
External Auditor6,010 EUR
Finance Administrator5,400 EUR
Finance Analyst8,000 EUR
Finance Associate4,230 EUR
Finance Data Analyst6,990 EUR
Finance Director12,200 EUR
Finance Executive8,870 EUR
Finance Licensing Clerk3,540 EUR
Finance Licensing Manager7,930 EUR
Finance Licensing Specialist4,790 EUR
Finance Manager11,900 EUR
Finance Officer4,190 EUR
Finance President12,400 EUR
Finance Relationship Manager9,490 EUR
Finance Release Analyst5,320 EUR
Finance Specialist7,350 EUR
Finance Team Leader 9,850 EUR
Financial Accountant4,650 EUR
Financial Actuary6,710 EUR
Financial Administrator7,570 EUR
Financial Advisor8,180 EUR
Financial Analyst8,070 EUR
Financial Applications Specialist5,830 EUR
Financial Assistant3,630 EUR
Financial Associate3,920 EUR
Financial Associate4,180 EUR
Financial Claims Analyst5,860 EUR
Financial Claims Manager7,770 EUR
Financial Claims Supervisor7,400 EUR
Financial Clerk3,740 EUR
Financial Commercial Analyst6,450 EUR
Financial Compliance Analyst6,820 EUR
Financial Compliance Officer7,000 EUR
Financial Consultant5,690 EUR
Financial Controller7,220 EUR
Financial Controller6,880 EUR
Financial Coordinator4,320 EUR
Financial Customer Service Manager7,690 EUR
Financial Data Scientist8,320 EUR
Financial Dealer and Broker4,930 EUR
Financial Director12,900 EUR
Financial Encoder4,030 EUR
Financial Manager12,000 EUR
Financial Manager11,400 EUR
Financial Modelling Analyst8,210 EUR
Financial Operations Manager10,700 EUR
Financial Policy Analyst6,690 EUR
Financial Project Manager8,760 EUR
Financial Quantitative Analyst7,220 EUR
Financial Reporting Consultant6,320 EUR
Financial Reporting Manager8,150 EUR
Financial Section Head8,270 EUR
Financial Services Manager11,100 EUR
Financial Services Sales Agent5,000 EUR
Financial Technology Consultant6,700 EUR
Financial Wellness Coach8,790 EUR
FinTech Analyst7,610 EUR
Fixed Assets Administrator4,640 EUR
Forensic Accountant5,010 EUR
Fraud Detection Supervisor5,440 EUR
Fraud Prevention Manager8,900 EUR
Fund Accountant4,510 EUR
Grants Coordinator3,500 EUR
Green Finance Analyst6,580 EUR
Group Financial Manager12,800 EUR
Internal Auditor5,880 EUR
Internal Control Adviser6,820 EUR
Internal Control Officer4,070 EUR
International Tax Director10,300 EUR
Inventory Accountant4,520 EUR
Investment Advisor12,000 EUR
Investment Analyst8,320 EUR
Investment Associate7,320 EUR
Investment Broker7,290 EUR
Investment Fund Manager9,780 EUR
Investment Operations Manager9,740 EUR
Investment Underwriter4,100 EUR
Investor5,670 EUR
Investor Relations Manager8,760 EUR
KYC Team Leader8,650 EUR
Loan Processor3,980 EUR
Management Accountant4,830 EUR
Management Economist10,100 EUR
Paymaster3,810 EUR
Payroll Administrator5,850 EUR
Payroll Benefits Coordinator4,860 EUR
Payroll Billing Manager7,910 EUR
Payroll Clerk4,110 EUR
Payroll Manager8,270 EUR
Payroll Officer4,090 EUR
Payroll Specialist4,900 EUR
Payroll Supervisor5,460 EUR
Pensions Administrator4,830 EUR
Personal Financial Advisor6,390 EUR
Pricing Analyst7,540 EUR
Private Equity Analyst7,780 EUR
Project Accountant4,970 EUR
Proposal Development Coordinator4,130 EUR
Quantitative Trader6,570 EUR
Receivables Accountant4,400 EUR
Regulatory Accountant5,070 EUR
Retirement Plan Analyst6,910 EUR
Revenue Management Specialist7,320 EUR
Revenue Recognition Analyst8,000 EUR
Risk Management Director10,800 EUR
Risk Management Supervisor8,270 EUR
Staff Accountant4,370 EUR
Tax Accountant4,380 EUR
Tax Administrator5,080 EUR
Tax Advisor6,440 EUR
Tax Analyst6,580 EUR
Tax Associate4,070 EUR
Tax Consultant6,980 EUR
Tax Director10,200 EUR
Tax Examiner4,660 EUR
Tax Manager8,710 EUR
Tax Research Manager8,890 EUR
Teller2,980 EUR
Treasury Accountant4,730 EUR
Treasury Analyst6,950 EUR
Underwriter3,280 EUR
Underwriting Assistant3,170 EUR
Vice President of Finance11,600 EUR


Accounting and Finance Jobs Pay Scale and Salaries in Belgium

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

5% of people earn
6,460 EUR or more
10% of people earn
5,530 to 6,460 EUR
20% of people earn
3,500 EUR or less
65% of people earn
3,500 to 5,530 EUR
Minimum Salary
2,820 EUR
Median
5,720 EUR
Maximum
12,200 EUR




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 Belgium range from 2,820 EUR (starting average salary) to 12,200 EUR (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 5,720 EUR, implying that half of the workforce in Belgium 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 Belgium earn less than 4,570 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 6,810 EUR, 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 Belgium. The analysis revealed that roughly 65% of all reported salaries fell within the range of 3,500 EUR to 5,530 EUR. Approximately 20% of salaries were below the 3,500 EUR mark, while 10% ranged from 5,530 EUR to 6,460 EUR. Only 5% of individuals earned a gross salary of 6,460 EUR 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 Belgium 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 Belgium, 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 Belgium costs anywhere from 30,800 EUR to 92,500 EUR 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 / Belgium

Salary comparison by gender Belgium 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 Belgium, the average difference between the salary of male and female employees is 6%.

Male
6,550 EUR
Female-5%
6,210 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Belgium for all Careers

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

How much are annual salary increments in Belgium for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in Belgium 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.

Annual Salary Increment Rate Belgium 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.

Belgium / All Professions

Annual Salary Increment Rate Belgium
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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 Belgium 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 / Belgium

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Belgium Accounting and Finance
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23% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
77%
No Bonus
23%

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 / Belgium


37 EUR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Belgium is 37 EUR.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 Belgium is 16 EUR. 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
Antwerp7,370 EUR
Brugge (Bruges)6,380 EUR
Brussel6,580 EUR
Charleroi6,990 EUR
Gent (Ghent)7,230 EUR
Leuven6,040 EUR
Liege6,860 EUR
Namur6,290 EUR

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 Belgium is 5% on average across all career fields.

Private Sector
6,020 EUR
Public Sector+5%
6,340 EUR
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 Belgium?

A good and competitive compensation would range anywhere between 5,720 EUR and 6,810 EUR. 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 Belgium ranges from 2,820 EUR to 4,570 EUR. 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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