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Accounting and Finance Average Salaries in Thailand 2021

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

Average Monthly Salary
99,800 THB
( 1,200,000 THB yearly)


A person working in Accounting and Finance in Thailand typically earns around 99,800 THB per month. Salaries range from 40,400 THB (lowest average) to 200,000 THB (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 Examiner53,900 THB
Account Executive85,600 THB
Accountant70,100 THB
Accounting Assistant55,700 THB
Accounting Associate52,800 THB
Accounting Clerk42,600 THB
Accounting Coordinator64,600 THB
Accounting Manager144,000 THB
Accounting Supervisor94,200 THB
Accounting Technician51,300 THB
Accounts Executive91,000 THB
Accounts Payable and Receivable Specialist71,700 THB
Accounts Payable Clerk51,300 THB
Accounts Payable Manager138,000 THB
Accounts Receivable Clerk52,800 THB
Accounts Receivable Manager140,000 THB
Assistant Accounting Manager129,000 THB
Assistant Auditor71,600 THB
Audit Supervisor129,000 THB
Auditing Clerk55,300 THB
Auditing Manager141,000 THB
Billing Coordinator61,000 THB
Billing Specialist75,100 THB
Billing Supervisor108,000 THB
Bookkeeper47,200 THB
Bookkeeping Specialist69,900 THB
Budget Analyst125,000 THB
Budget Manager138,000 THB
Business Support Analyst80,800 THB
Capital Markets Associate104,000 THB
Cash Flow Analyst102,000 THB
Cash Management Officer80,300 THB
Cashbook Clerk47,300 THB
Chartered Accountant90,600 THB
Collections Clerk44,600 THB
Collections Specialist70,600 THB
Corporate Treasurer132,000 THB
Cost Accountant67,400 THB
Cost Accounting Manager140,000 THB
Cost Analyst114,000 THB
Credit and Collection Manager133,000 THB
Credit and Collection Staff54,300 THB
Credit and Loans Officer52,300 THB
Credit Controller96,600 THB
Debt Adviser121,000 THB
Debt Collector54,200 THB
Debtors Clerk50,300 THB
Deputy CFO189,000 THB
Derivative Trader117,000 THB
Escrow Assistant60,200 THB
External Auditor96,200 THB
Finance Associate61,600 THB
Finance Executive146,000 THB
Finance Licensing Clerk49,800 THB
Finance Licensing Manager134,000 THB
Finance Licensing Specialist77,000 THB
Finance Officer66,900 THB
Finance President217,000 THB
Finance Relationship Manager157,000 THB
Finance Release Analyst82,300 THB
Finance Team Leader 162,000 THB
Financial Actuary109,000 THB
Financial Administrator118,000 THB
Financial Analyst133,000 THB
Financial Applications Specialist86,800 THB
Financial Assistant56,800 THB
Financial Associate54,200 THB
Financial Claims Analyst97,300 THB
Financial Claims Manager131,000 THB
Financial Commercial Analyst104,000 THB
Financial Compliance Analyst114,000 THB
Financial Consultant95,100 THB
Financial Controller114,000 THB
Financial Coordinator65,500 THB
Financial Customer Service Manager123,000 THB
Financial Dealer and Broker78,500 THB
Financial Encoder58,000 THB
Financial Manager188,000 THB
Financial Manager187,000 THB
Financial Operations Manager174,000 THB
Financial Policy Analyst107,000 THB
Financial Project Manager145,000 THB
Financial Quantitative Analyst117,000 THB
Financial Reporting Consultant104,000 THB
Financial Reporting Manager132,000 THB
Financial Services Sales Agent77,700 THB
Fixed Assets Administrator71,000 THB
Forensic Accountant79,300 THB
Fraud Detection Supervisor84,500 THB
Fraud Prevention Manager142,000 THB
Fund Accountant67,600 THB
Grants Coordinator54,400 THB
Internal Auditor93,200 THB
Internal Control Adviser108,000 THB
Internal Control Officer60,700 THB
Inventory Accountant72,900 THB
Investment Analyst144,000 THB
Investment Fund Manager161,000 THB
Investment Underwriter62,200 THB
Investor89,800 THB
Investor Relations Manager142,000 THB
KYC Team Leader141,000 THB
Management Economist164,000 THB
Paymaster57,900 THB
Payroll Clerk63,700 THB
Payroll Manager123,000 THB
Pensions Administrator74,700 THB
Pricing Analyst111,000 THB
Private Equity Analyst130,000 THB
Proposal Development Coordinator62,800 THB
Receivables Accountant63,700 THB
Regulatory Accountant80,400 THB
Retirement Plan Analyst109,000 THB
Revenue Management Specialist115,000 THB
Revenue Recognition Analyst129,000 THB
Risk Management Director174,000 THB
Risk Management Supervisor145,000 THB
Tax Accountant66,800 THB
Tax Advisor109,000 THB
Tax Associate61,000 THB
Tax Manager138,000 THB
Teller41,400 THB
Treasury Accountant73,500 THB
Treasury Analyst119,000 THB
Underwriter49,300 THB
Underwriting Assistant47,000 THB
Vice President of Finance188,000 THB

Accounting and Finance Jobs Salary Distribution in Thailand

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

  • Salary Range

    Accounting and Finance salaries in Thailand range from 40,400 THB per month (minimum average salary) to 200,000 THB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 99,800 THB per month, which means that half (50%) of people working in Accounting and Finance are earning less than 99,800 THB while the other half are earning more than 99,800 THB. 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 63,100 THB while 75% of them are earning more than 63,100 THB. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 150,000 THB while 25% are earning more than 150,000 THB.

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 Thailand costs anywhere from 485,000 Baht(s) to 1,450,000 Baht(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 Thailand 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 Thailand who work in Accounting and Finance earn 6% more than their female counterparts on average.

102,000 THB
96,700 THB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Thailand for all Careers

Salary comparison by gender monthly Thailand
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Accounting and Finance Average Annual Salary Increment Percentage in Thailand

How much are annual salary increments in Thailand for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Thailand 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 Thailand 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.

Thailand / 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 Thailand is 6%.

Annual Increment Rate By Industry 2020

Information Technology

Listed above are the average annual increase rates for each industry in Thailand for the year 2020. 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 Thailand

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Thailand 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.

22% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Accounting and Finance Hourly Average Wage in Thailand

580 THB per hour

The average hourly wage (pay per hour) in Thailand is 580 THB. This means that the average person in Thailand earns approximately 580 THB 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 Thailand
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The average salary for Accounting and Finance is 3% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Bangkok (Krung Thep)115,000 THB
Chiang Mai111,000 THB

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Thailand earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
94,000 THB
Public Sector+7%
100,000 THB
Percentage increase and decrease are relative to the previous value

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