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Accountant Average Salary in Thailand 2021

How much money does an Accountant make in Thailand?


Average Monthly Salary
70,100 THB
( 841,000 THB yearly)

LOW
37,900
THB
AVERAGE
70,100
THB
HIGH
106,000
THB

A person working as an Accountant in Thailand typically earns around 70,100 THB per month. Salaries range from 37,900 THB (lowest) to 106,000 THB (highest).

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

Accountant Salary Distribution in Thailand

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

  • Salary Range

    Accountant salaries in Thailand range from 37,900 THB per month (minimum salary) to 106,000 THB per month (maximum salary).

  • Median Salary

    The median salary is 64,500 THB per month, which means that half (50%) of people working as Accountant(s) are earning less than 64,500 THB while the other half are earning more than 64,500 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 Accountant(s) are earning less than 46,100 THB while 75% of them are earning more than 46,100 THB. Also from the diagram, 75% of Accountant(s) are earning less than 78,400 THB while 25% are earning more than 78,400 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

Accountant Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Thailand 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 Accountant salaries by experience level and this is what we found.

An Accountant with less than two years of experience makes approximately 44,000 THB per month.

While someone with an experience level between two and five years is expected to earn 55,500 THB per month, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 73,200 THB per month, 32% 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, Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 86,100 THB per month, 18% 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 95,300 THB per month, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 101,000 THB per month, 6% more than people with fifteen to twenty years of experience.


Accountant average salary change by experience in Thailand

0 - 2 Years
44,000 THB
2 - 5 Years+26%
55,500 THB
5 - 10 Years+32%
73,200 THB
10 - 15 Years+18%
86,100 THB
15 - 20 Years+11%
95,300 THB
20+ Years+6%
101,000 THB
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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Accountant Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Thailand 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 Accountant salaries by education level in order to make a comparison.

When the education level is High School, the average salary of an Accountant is 53,500 THB per month.

While someone with a Certificate or Diploma gets a salary of 60,300 THB per month, 13% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 79,300 THB per month, 32% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 98,400 THB per month, 24% more than someone with Bachelor's Degree.


Accountant average salary difference by education level in Thailand

High School
53,500 THB
Certificate or Diploma+13%
60,300 THB
Bachelor's Degree+32%
79,300 THB
Master's Degree+24%
98,400 THB
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 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 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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Accountant Salary Comparison By Gender

Salary comparison by gender monthly Thailand 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 Accountant employees in Thailand earn 8% more than their female counterparts on average.

Male
72,300 THB
Female-7%
67,200 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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Accountant Average Annual Salary Increment Percentage in Thailand

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

Accountant

Accountant(s) in Thailand are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Thailand 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.

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

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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Accountant Bonus and Incentive Rates in Thailand

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

49% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 51% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
51%
No Bonus
49%

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.

Accountant Average Hourly Wage in Thailand


400 THB per hour

The average hourly wage (pay per hour) in Thailand is 400 THB. This means that the average Accountant in Thailand earns approximately 400 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.

Accountant VS Other Jobs

Salary Comparison Between Accountant and Accounting and Finance monthly Thailand
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The average salary for Accountant is 30% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner53,900 THB-23%
Account Executive85,600 THB+22%
Accountant70,100 THB-0%
Accounting Assistant55,700 THB-21%
Accounting Associate52,800 THB-25%
Accounting Clerk42,600 THB-39%
Accounting Coordinator64,600 THB-8%
Accounting Manager144,000 THB+110%
Accounting Supervisor94,200 THB+34%
Accounting Technician51,300 THB-27%
Accounts Executive91,000 THB+30%
Accounts Payable and Receivable Specialist71,700 THB+2%
Accounts Payable Clerk51,300 THB-27%
Accounts Payable Manager138,000 THB+97%
Accounts Receivable Clerk52,800 THB-25%
Accounts Receivable Manager140,000 THB+100%
Assistant Accounting Manager129,000 THB+84%
Assistant Auditor71,600 THB+2%
Audit Supervisor129,000 THB+84%
Auditing Clerk55,300 THB-21%
Auditing Manager141,000 THB+100%
Billing Coordinator61,000 THB-13%
Billing Specialist75,100 THB+7%
Billing Supervisor108,000 THB+54%
Bookkeeper47,200 THB-33%
Bookkeeping Specialist69,900 THB-0%
Budget Analyst125,000 THB+78%
Budget Manager138,000 THB+97%
Business Support Analyst80,800 THB+15%
Capital Markets Associate104,000 THB+48%
Cash Flow Analyst102,000 THB+45%
Cash Management Officer80,300 THB+15%
Cashbook Clerk47,300 THB-33%
Chartered Accountant90,600 THB+29%
Collections Clerk44,600 THB-36%
Collections Specialist70,600 THB+1%
Corporate Treasurer132,000 THB+88%
Cost Accountant67,400 THB-4%
Cost Accounting Manager140,000 THB+100%
Cost Analyst114,000 THB+63%
Credit and Collection Manager133,000 THB+90%
Credit and Collection Staff54,300 THB-23%
Credit and Loans Officer52,300 THB-25%
Credit Controller96,600 THB+38%
Debt Adviser121,000 THB+73%
Debt Collector54,200 THB-23%
Debtors Clerk50,300 THB-28%
Deputy CFO189,000 THB+170%
Derivative Trader117,000 THB+67%
Escrow Assistant60,200 THB-14%
External Auditor96,200 THB+37%
Finance Associate61,600 THB-12%
Finance Executive146,000 THB+110%
Finance Licensing Clerk49,800 THB-29%
Finance Licensing Manager134,000 THB+91%
Finance Licensing Specialist77,000 THB+10%
Finance Officer66,900 THB-5%
Finance President217,000 THB+210%
Finance Relationship Manager157,000 THB+120%
Finance Release Analyst82,300 THB+17%
Finance Team Leader 162,000 THB+130%
Financial Actuary109,000 THB+55%
Financial Administrator118,000 THB+68%
Financial Analyst133,000 THB+90%
Financial Applications Specialist86,800 THB+24%
Financial Assistant56,800 THB-19%
Financial Associate54,200 THB-23%
Financial Claims Analyst97,300 THB+39%
Financial Claims Manager131,000 THB+87%
Financial Commercial Analyst104,000 THB+48%
Financial Compliance Analyst114,000 THB+63%
Financial Consultant95,100 THB+36%
Financial Controller114,000 THB+63%
Financial Coordinator65,500 THB-7%
Financial Customer Service Manager123,000 THB+75%
Financial Dealer and Broker78,500 THB+12%
Financial Encoder58,000 THB-17%
Financial Manager188,000 THB+170%
Financial Operations Manager174,000 THB+150%
Financial Policy Analyst107,000 THB+53%
Financial Project Manager145,000 THB+110%
Financial Quantitative Analyst117,000 THB+67%
Financial Reporting Consultant104,000 THB+48%
Financial Reporting Manager132,000 THB+88%
Financial Services Sales Agent77,700 THB+11%
Fixed Assets Administrator71,000 THB+1%
Forensic Accountant79,300 THB+13%
Fraud Detection Supervisor84,500 THB+21%
Fraud Prevention Manager142,000 THB+100%
Fund Accountant67,600 THB-4%
Grants Coordinator54,400 THB-22%
Internal Auditor93,200 THB+33%
Internal Control Adviser108,000 THB+54%
Internal Control Officer60,700 THB-13%
Inventory Accountant72,900 THB+4%
Investment Analyst144,000 THB+110%
Investment Fund Manager161,000 THB+130%
Investment Underwriter62,200 THB-11%
Investor89,800 THB+28%
Investor Relations Manager142,000 THB+100%
KYC Team Leader141,000 THB+100%
Management Economist164,000 THB+130%
Paymaster57,900 THB-17%
Payroll Clerk63,700 THB-9%
Payroll Manager123,000 THB+75%
Pensions Administrator74,700 THB+7%
Pricing Analyst111,000 THB+58%
Private Equity Analyst130,000 THB+85%
Proposal Development Coordinator62,800 THB-10%
Receivables Accountant63,700 THB-9%
Regulatory Accountant80,400 THB+15%
Retirement Plan Analyst109,000 THB+55%
Revenue Management Specialist115,000 THB+64%
Revenue Recognition Analyst129,000 THB+84%
Risk Management Director174,000 THB+150%
Risk Management Supervisor145,000 THB+110%
Tax Accountant66,800 THB-5%
Tax Advisor109,000 THB+55%
Tax Associate61,000 THB-13%
Tax Manager138,000 THB+97%
Teller41,400 THB-41%
Treasury Accountant73,500 THB+5%
Treasury Analyst119,000 THB+70%
Underwriter49,300 THB-30%
Underwriting Assistant47,000 THB-33%
Vice President of Finance188,000 THB+170%

Salary Comparison By City

CityAverage Salary
Bangkok (Krung Thep)77,600 THB
Chiang Mai73,000 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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