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Chartered Accountant Average Salary in Tunisia 2020

How much money does a Chartered Accountant make in Tunisia?


Average Monthly Salary
3,710 TND
( 44,500 TND yearly)

LOW
2,000
TND
AVERAGE
3,710
TND
HIGH
5,600
TND

A person working as a Chartered Accountant in Tunisia typically earns around 3,710 TND per month. Salaries range from 2,000 TND (lowest) to 5,600 TND (highest).

This is the average monthly 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 Tunisia

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

  • Salary Range

    Chartered Accountant salaries in Tunisia range from 2,000 TND per month (minimum salary) to 5,600 TND per month (maximum salary).

  • Median Salary

    The median salary is 3,410 TND per month, which means that half (50%) of people working as Chartered Accountant(s) are earning less than 3,410 TND while the other half are earning more than 3,410 TND. 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 2,440 TND while 75% of them are earning more than 2,440 TND. Also from the diagram, 75% of Chartered Accountant(s) are earning less than 4,150 TND while 25% are earning more than 4,150 TND.


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 monthly Tunisia 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 2,330 TND per month.

While someone with an experience level between two and five years is expected to earn 2,940 TND 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 3,870 TND 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, Chartered Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,560 TND 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 5,040 TND 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 5,370 TND per month, 6% more than people with fifteen to twenty years of experience.


Chartered Accountant average salary change by experience in Tunisia

0 - 2 Years
2,330 TND
2 - 5 Years+26%
2,940 TND
5 - 10 Years+32%
3,870 TND
10 - 15 Years+18%
4,560 TND
15 - 20 Years+11%
5,040 TND
20+ Years+6%
5,370 TND
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 monthly Tunisia 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 2,940 TND per month.

While someone with a Bachelor's Degree gets a salary of 3,870 TND per month, 32% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 5,310 TND per month, 37% more than someone with a Bachelor's Degree.


Chartered Accountant average salary difference by education level in Tunisia

Certificate or Diploma
2,940 TND
Bachelor's Degree+32%
3,870 TND
Master's Degree+37%
5,310 TND
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 Tunisia costs anywhere from 19,600 Tunisian Dinar(s) to 58,700 Tunisian Dinar(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 monthly Tunisia 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 Tunisia earn 12% more than their female counterparts on average.

Female
3,450 TND
Male+12%
3,870 TND
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Tunisia for all Careers

Salary comparison by gender monthly Tunisia
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Chartered Accountant Average Annual Salary Increment Percentage in Tunisia

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

Chartered Accountant

Chartered Accountant(s) in Tunisia are likely to observe a salary increase of approximately 11% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Tunisia 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.

Tunisia / 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 Tunisia is 5%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Tunisia 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 Tunisia

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

53% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 47% 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
47%
No Bonus
53%

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 monthly Tunisia
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Where can you get paid more, working for a private company or for the government? Public sector employees in Tunisia earn 13% more than their private sector counterparts on average across all sectors.

Private Sector
3,680 TND
Public Sector+13%
4,170 TND
Percentage increase and decrease are relative to the previous value

Chartered Accountant Average Hourly Wage in Tunisia


21 TND per hour

The average hourly wage (pay per hour) in Tunisia is 21 TND. This means that the average Chartered Accountant in Tunisia earns approximately 21 TND 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 monthly Tunisia
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The average salary for Chartered Accountant is 7% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner2,080 TND-44%
Account Executive3,560 TND-4%
Accountant2,790 TND-25%
Accounting Assistant2,220 TND-40%
Accounting Associate1,980 TND-47%
Accounting Clerk1,710 TND-54%
Accounting Coordinator2,490 TND-33%
Accounting Manager5,820 TND+57%
Accounting Supervisor3,940 TND+6%
Accounting Technician1,920 TND-48%
Accounts Executive3,490 TND-6%
Accounts Payable and Receivable Specialist2,740 TND-26%
Accounts Payable Clerk2,080 TND-44%
Accounts Payable Manager5,640 TND+52%
Accounts Receivable Clerk2,160 TND-42%
Accounts Receivable Manager5,220 TND+41%
Assistant Accounting Manager5,230 TND+41%
Assistant Auditor2,850 TND-23%
Audit Supervisor4,900 TND+32%
Auditing Clerk2,110 TND-43%
Auditing Manager6,060 TND+63%
Billing Coordinator2,450 TND-34%
Billing Specialist2,970 TND-20%
Billing Supervisor4,280 TND+15%
Bookkeeper1,880 TND-49%
Bookkeeping Specialist2,620 TND-29%
Budget Analyst5,010 TND+35%
Budget Manager5,530 TND+49%
Business Support Analyst3,210 TND-13%
Capital Markets Associate4,220 TND+14%
Cash Flow Analyst4,130 TND+11%
Cash Management Officer3,270 TND-12%
Cashbook Clerk1,860 TND-50%
Chartered Accountant3,710 TND+0%
Collections Clerk1,720 TND-54%
Collections Specialist2,970 TND-20%
Corporate Treasurer5,560 TND+50%
Cost Accountant2,710 TND-27%
Cost Accounting Manager5,330 TND+44%
Cost Analyst4,370 TND+18%
Credit and Collection Manager5,360 TND+45%
Credit and Collection Staff2,220 TND-40%
Credit and Loans Officer2,020 TND-46%
Credit Controller3,940 TND+6%
Debt Adviser4,540 TND+22%
Debt Collector2,260 TND-39%
Debtors Clerk2,010 TND-46%
Deputy CFO7,660 TND+110%
Derivative Trader4,910 TND+32%
Escrow Assistant2,600 TND-30%
External Auditor3,760 TND+1%
Finance Associate2,440 TND-34%
Finance Executive5,700 TND+54%
Finance Licensing Clerk2,020 TND-46%
Finance Licensing Manager5,450 TND+47%
Finance Licensing Specialist3,150 TND-15%
Finance Officer2,730 TND-26%
Finance President8,420 TND+130%
Finance Relationship Manager6,340 TND+71%
Finance Release Analyst3,270 TND-12%
Finance Team Leader 6,240 TND+68%
Financial Actuary4,450 TND+20%
Financial Administrator4,540 TND+22%
Financial Analyst5,150 TND+39%
Financial Applications Specialist3,650 TND-2%
Financial Assistant2,170 TND-41%
Financial Associate2,260 TND-39%
Financial Claims Analyst3,620 TND-2%
Financial Claims Manager4,890 TND+32%
Financial Commercial Analyst4,120 TND+11%
Financial Compliance Analyst4,330 TND+17%
Financial Consultant3,890 TND+5%
Financial Controller4,370 TND+18%
Financial Coordinator2,510 TND-32%
Financial Customer Service Manager5,310 TND+43%
Financial Dealer and Broker3,030 TND-18%
Financial Encoder2,420 TND-35%
Financial Manager7,520 TND+100%
Financial Operations Manager7,270 TND+96%
Financial Policy Analyst4,510 TND+22%
Financial Project Manager5,530 TND+49%
Financial Quantitative Analyst4,910 TND+32%
Financial Reporting Consultant4,120 TND+11%
Financial Reporting Manager5,560 TND+50%
Financial Services Sales Agent2,960 TND-20%
Fixed Assets Administrator2,970 TND-20%
Forensic Accountant3,200 TND-14%
Fraud Detection Supervisor3,310 TND-11%
Fraud Prevention Manager5,590 TND+51%
Fund Accountant2,670 TND-28%
Grants Coordinator2,040 TND-45%
Internal Auditor3,670 TND-1%
Internal Control Adviser4,220 TND+14%
Internal Control Officer2,390 TND-36%
Inventory Accountant2,970 TND-20%
Investment Analyst5,750 TND+55%
Investment Fund Manager5,990 TND+62%
Investment Underwriter2,330 TND-37%
Investor3,770 TND+2%
Investor Relations Manager5,420 TND+46%
KYC Team Leader5,620 TND+52%
Management Economist6,270 TND+69%
Paymaster2,300 TND-38%
Payroll Clerk2,390 TND-36%
Payroll Manager5,110 TND+38%
Pensions Administrator2,850 TND-23%
Pricing Analyst4,630 TND+25%
Private Equity Analyst5,060 TND+36%
Proposal Development Coordinator2,390 TND-36%
Receivables Accountant2,580 TND-30%
Regulatory Accountant3,120 TND-16%
Retirement Plan Analyst4,280 TND+15%
Revenue Management Specialist4,540 TND+22%
Revenue Recognition Analyst5,270 TND+42%
Risk Management Director6,710 TND+81%
Risk Management Supervisor5,640 TND+52%
Tax Accountant2,640 TND-29%
Tax Advisor4,450 TND+20%
Tax Associate2,420 TND-35%
Tax Manager5,930 TND+60%
Teller1,630 TND-56%
Treasury Accountant2,950 TND-20%
Treasury Analyst4,450 TND+20%
Underwriter1,880 TND-49%
Underwriting Assistant1,800 TND-51%
Vice President of Finance7,350 TND+98%
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