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Chartered Accountant Average Salary in Switzerland 2020

How much money does a Chartered Accountant make in Switzerland?


Average Yearly Salary
171,000 CHF
( 14,200 CHF monthly)

LOW
88,800
CHF
AVERAGE
171,000
CHF
HIGH
261,000
CHF

A person working as a Chartered Accountant in Switzerland typically earns around 171,000 CHF per year. Salaries range from 88,800 CHF (lowest) to 261,000 CHF (highest).

This is the average yearly salary including housing, transport, and other benefits. Chartered Accountant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Chartered Accountant Salary Distribution in Switzerland

Median and salary distribution yearly Switzerland Chartered Accountant
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The median, the maximum, the minimum, and the range

  • Salary Range

    Chartered Accountant salaries in Switzerland range from 88,800 CHF per year (minimum salary) to 261,000 CHF per year (maximum salary).

  • Median Salary

    The median salary is 164,000 CHF per year, which means that half (50%) of people working as Chartered Accountant(s) are earning less than 164,000 CHF while the other half are earning more than 164,000 CHF. 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 Chartered Accountant(s) are earning less than 114,000 CHF while 75% of them are earning more than 114,000 CHF. Also from the diagram, 75% of Chartered Accountant(s) are earning less than 204,000 CHF while 25% are earning more than 204,000 CHF.


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

Chartered Accountant Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Switzerland Chartered Accountant
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Chartered Accountant salaries by experience level and this is what we found.

A Chartered Accountant with less than two years of experience makes approximately 101,000 CHF per year.

While someone with an experience level between two and five years is expected to earn 135,000 CHF per year, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 176,000 CHF per year, 30% more than someone with two to five years of experience.

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.

Additionally, Chartered Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 213,000 CHF per year, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 233,000 CHF per year, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 245,000 CHF per year, 5% more than people with fifteen to twenty years of experience.


Chartered Accountant average salary change by experience in Switzerland

0 - 2 Years
101,000 CHF
2 - 5 Years+34%
135,000 CHF
5 - 10 Years+30%
176,000 CHF
10 - 15 Years+21%
213,000 CHF
15 - 20 Years+9%
233,000 CHF
20+ Years+5%
245,000 CHF
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Chartered Accountant Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Chartered Accountant(s) who have the same experience but different education levels.

Salary comparison by education level yearly Switzerland Chartered Accountant
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Chartered Accountant salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of a Chartered Accountant is 120,000 CHF per year.

While someone with a Bachelor's Degree gets a salary of 182,000 CHF per year, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 258,000 CHF per year, 42% more than someone with a Bachelor's Degree.


Chartered Accountant average salary difference by education level in Switzerland

Certificate or Diploma
120,000 CHF
Bachelor's Degree+52%
182,000 CHF
Master's Degree+42%
258,000 CHF
Percentage increase and decrease are relative to the previous value

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 Switzerland costs anywhere from 81,300 Swiss Franc(s) to 244,000 Swiss Franc(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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Chartered Accountant Salary Comparison By Gender

Salary comparison by gender yearly Switzerland Chartered Accountant
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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 Chartered Accountant employees in Switzerland earn 4% more than their female counterparts.

Female
167,000 CHF
Male+4%
174,000 CHF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Switzerland for all Careers

Salary comparison by gender yearly Switzerland
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Chartered Accountant Average Annual Salary Increment Percentage in Switzerland

How much are annual salary increments in Switzerland for Chartered Accountant(s)? How often do employees get salary raises?

Chartered Accountant

Chartered Accountant(s) in Switzerland are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Switzerland Chartered Accountant
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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.

Switzerland / All Professions

Annual Salary Increment Rate Switzerland
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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 Switzerland is 7%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Switzerland 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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Chartered Accountant Bonus and Incentive Rates in Switzerland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Switzerland Chartered Accountant
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A Chartered Accountant is considered to be a moderate bonus-based job 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.

45% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 55% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
55%
No Bonus
45%

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 yearly Switzerland
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Where can you get paid more, working for a private company or for the government? Public sector Chartered Accountant employees in Switzerland earn 4% more than their private sector counterparts.

Private Sector
191,000 CHF
Public Sector+4%
199,000 CHF
Percentage increase and decrease are relative to the previous value

Chartered Accountant Salary Trend and Forecast in Switzerland

How are Chartered Accountant salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast yearly Switzerland Chartered Accountant
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Average Salary 2016
152,000 CHF
Average Salary 2017+4%
157,000 CHF
Average Salary 2018+2%
160,000 CHF
Average Salary 2019+3%
165,000 CHF
Percentage increase and decrease are relative to the previous value

Chartered Accountant salaries in Switzerland are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% 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.

Chartered Accountant Average Hourly Wage in Switzerland


82 CHF per hour

The average hourly wage (pay per hour) in Switzerland is 82 CHF. This means that the average Chartered Accountant in Switzerland earns approximately 82 CHF 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.

Chartered Accountant VS Other Jobs

Salary Comparison Between Chartered Accountant and Accounting and Finance yearly Switzerland
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The average salary for Chartered Accountant is 10% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner119,000 CHF-30%
Account Executive194,000 CHF+14%
Accountant139,000 CHF-19%
Accounting Assistant135,000 CHF-21%
Accounting Associate136,000 CHF-20%
Accounting Clerk99,800 CHF-42%
Accounting Coordinator107,000 CHF-37%
Accounting Manager252,000 CHF+48%
Accounting Supervisor193,000 CHF+13%
Accounting Technician124,000 CHF-27%
Accounts Executive163,000 CHF-5%
Accounts Payable and Receivable Specialist150,000 CHF-12%
Accounts Payable Clerk99,400 CHF-42%
Accounts Payable Manager203,000 CHF+19%
Accounts Receivable Clerk109,000 CHF-36%
Accounts Receivable Manager220,000 CHF+29%
Assistant Accounting Manager165,000 CHF-3%
Assistant Auditor152,000 CHF-11%
Audit Supervisor249,000 CHF+46%
Auditing Clerk126,000 CHF-26%
Auditing Manager272,000 CHF+59%
Billing Coordinator154,000 CHF-10%
Billing Specialist158,000 CHF-7%
Billing Supervisor194,000 CHF+14%
Bookkeeper108,000 CHF-37%
Bookkeeping Specialist141,000 CHF-17%
Budget Analyst169,000 CHF-1%
Budget Manager226,000 CHF+32%
Business Support Analyst185,000 CHF+8%
Capital Markets Associate201,000 CHF+18%
Cash Flow Analyst192,000 CHF+12%
Cash Management Officer184,000 CHF+8%
Cashbook Clerk126,000 CHF-26%
Chartered Accountant171,000 CHF+0%
Collections Clerk99,400 CHF-42%
Collections Specialist138,000 CHF-19%
Corporate Treasurer364,000 CHF+110%
Cost Accountant154,000 CHF-10%
Cost Accounting Manager202,000 CHF+18%
Cost Analyst192,000 CHF+12%
Credit and Collection Manager219,000 CHF+28%
Credit and Collection Staff111,000 CHF-35%
Credit and Loans Officer109,000 CHF-36%
Credit Controller186,000 CHF+9%
Debt Adviser247,000 CHF+45%
Debt Collector176,000 CHF+3%
Debtors Clerk151,000 CHF-12%
Deputy CFO335,000 CHF+96%
Derivative Trader286,000 CHF+67%
Escrow Assistant158,000 CHF-7%
External Auditor203,000 CHF+19%
Finance Associate156,000 CHF-9%
Finance Executive325,000 CHF+90%
Finance Licensing Clerk121,000 CHF-29%
Finance Licensing Manager196,000 CHF+15%
Finance Licensing Specialist156,000 CHF-9%
Finance Officer221,000 CHF+29%
Finance President392,000 CHF+130%
Finance Relationship Manager264,000 CHF+55%
Finance Release Analyst191,000 CHF+12%
Finance Team Leader 206,000 CHF+21%
Financial Actuary196,000 CHF+15%
Financial Administrator163,000 CHF-5%
Financial Analyst203,000 CHF+19%
Financial Applications Specialist140,000 CHF-18%
Financial Assistant116,000 CHF-32%
Financial Associate150,000 CHF-12%
Financial Claims Analyst188,000 CHF+10%
Financial Claims Manager215,000 CHF+26%
Financial Commercial Analyst178,000 CHF+4%
Financial Compliance Analyst192,000 CHF+12%
Financial Consultant186,000 CHF+9%
Financial Controller180,000 CHF+5%
Financial Coordinator163,000 CHF-5%
Financial Customer Service Manager235,000 CHF+38%
Financial Dealer and Broker172,000 CHF+1%
Financial Encoder116,000 CHF-32%
Financial Manager408,000 CHF+140%
Financial Operations Manager294,000 CHF+72%
Financial Policy Analyst205,000 CHF+20%
Financial Project Manager180,000 CHF+5%
Financial Quantitative Analyst224,000 CHF+31%
Financial Reporting Consultant201,000 CHF+18%
Financial Reporting Manager250,000 CHF+46%
Financial Services Sales Agent171,000 CHF+0%
Fixed Assets Administrator165,000 CHF-3%
Forensic Accountant149,000 CHF-13%
Fraud Detection Supervisor185,000 CHF+8%
Fraud Prevention Manager285,000 CHF+67%
Fund Accountant148,000 CHF-13%
Grants Coordinator129,000 CHF-24%
Internal Auditor207,000 CHF+21%
Internal Control Adviser208,000 CHF+22%
Internal Control Officer177,000 CHF+4%
Inventory Accountant306,000 CHF+79%
Investment Analyst265,000 CHF+55%
Investment Fund Manager268,000 CHF+57%
Investment Underwriter121,000 CHF-29%
Investor195,000 CHF+14%
Investor Relations Manager237,000 CHF+39%
KYC Team Leader247,000 CHF+45%
Management Economist211,000 CHF+24%
Paymaster155,000 CHF-9%
Payroll Clerk119,000 CHF-30%
Payroll Manager204,000 CHF+19%
Pensions Administrator147,000 CHF-14%
Pricing Analyst222,000 CHF+30%
Private Equity Analyst216,000 CHF+26%
Proposal Development Coordinator145,000 CHF-15%
Receivables Accountant129,000 CHF-24%
Regulatory Accountant152,000 CHF-11%
Retirement Plan Analyst203,000 CHF+19%
Revenue Management Specialist172,000 CHF+1%
Revenue Recognition Analyst250,000 CHF+46%
Risk Management Director303,000 CHF+77%
Risk Management Supervisor235,000 CHF+38%
Tax Accountant145,000 CHF-15%
Tax Advisor193,000 CHF+13%
Tax Associate157,000 CHF-8%
Tax Manager285,000 CHF+67%
Teller90,900 CHF-47%
Treasury Accountant152,000 CHF-11%
Treasury Analyst210,000 CHF+23%
Underwriter112,000 CHF-34%
Underwriting Assistant103,000 CHF-40%
Vice President of Finance285,000 CHF+67%

Salary Comparison By City

CityAverage Salary
Basel176,000 CHF
Bern173,000 CHF
Biel163,000 CHF
Geneve193,000 CHF
Lausanne181,000 CHF
Lugano163,000 CHF
Luzern166,000 CHF
St. Gallen159,000 CHF
Winterthur178,000 CHF
Zurich192,000 CHF
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