A person working as a Chartered Accountant in Turkey typically earns around 16,500 TRY per month. Salaries range from 7,740 TRY (lowest) to 26,000 TRY (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 salaries in Turkey range from 7,740 TRY per month (minimum salary) to 26,000 TRY per month (maximum salary).
The median salary is 17,400 TRY per month, which means that half (50%) of people working as Chartered Accountant(s) are earning less than 17,400 TRY while the other half are earning more than 17,400 TRY. 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.
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 11,300 TRY while 75% of them are earning more than 11,300 TRY. Also from the diagram, 75% of Chartered Accountant(s) are earning less than 23,000 TRY while 25% are earning more than 23,000 TRY.
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
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 8,920 TRY per month.
While someone with an experience level between two and five years is expected to earn 12,300 TRY per month, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 17,500 TRY per month, 42% more than someone with two to five years of experience.
Additionally, Chartered Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 21,300 TRY per month, 22% 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 22,500 TRY per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 24,500 TRY per month, 9% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+38%|
|5 - 10 Years||+42%|
|10 - 15 Years||+22%|
|15 - 20 Years||+6%|
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 10,700 TRY per month.
While someone with a Bachelor's Degree gets a salary of 16,900 TRY per month, 58% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 23,400 TRY per month, 39% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Turkey costs anywhere from 98,700 Turkish Lira(s) to 296,000 Turkish Lira(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.
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 Turkey earn 19% more than their female counterparts.
Chartered Accountant(s) in Turkey are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
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.
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
Listed above are the average annual increase rates for each industry in Turkey 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.
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.
43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector Chartered Accountant employees in Turkey earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+3%|
Chartered Accountant salaries in Turkey 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.
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.
The average salary for Chartered Accountant is 14% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||12,500 TRY||-24%|
|Account Executive||18,200 TRY||+11%|
|Accounting Assistant||13,400 TRY||-19%|
|Accounting Associate||13,400 TRY||-19%|
|Accounting Clerk||9,980 TRY||-39%|
|Accounting Coordinator||11,200 TRY||-32%|
|Accounting Manager||25,500 TRY||+55%|
|Accounting Supervisor||19,500 TRY||+18%|
|Accounting Technician||12,400 TRY||-25%|
|Accounts Executive||17,000 TRY||+3%|
|Accounts Payable and Receivable Specialist||16,100 TRY||-2%|
|Accounts Payable Clerk||10,200 TRY||-38%|
|Accounts Payable Manager||21,000 TRY||+28%|
|Accounts Receivable Clerk||11,400 TRY||-31%|
|Accounts Receivable Manager||21,000 TRY||+28%|
|Assistant Accounting Manager||17,500 TRY||+6%|
|Assistant Auditor||14,300 TRY||-13%|
|Audit Supervisor||25,200 TRY||+53%|
|Auditing Clerk||12,700 TRY||-23%|
|Auditing Manager||28,700 TRY||+74%|
|Billing Coordinator||16,700 TRY||+1%|
|Billing Specialist||15,900 TRY||-3%|
|Billing Supervisor||19,100 TRY||+16%|
|Bookkeeping Specialist||14,200 TRY||-14%|
|Budget Analyst||17,000 TRY||+3%|
|Budget Manager||23,000 TRY||+40%|
|Business Support Analyst||17,400 TRY||+6%|
|Capital Markets Associate||19,800 TRY||+20%|
|Cash Flow Analyst||19,800 TRY||+20%|
|Cash Management Officer||19,400 TRY||+18%|
|Cashbook Clerk||12,600 TRY||-23%|
|Chartered Accountant||16,500 TRY||+0%|
|Collections Clerk||10,100 TRY||-39%|
|Collections Specialist||12,700 TRY||-23%|
|Corporate Treasurer||33,600 TRY||+100%|
|Cost Accountant||16,100 TRY||-2%|
|Cost Accounting Manager||20,800 TRY||+26%|
|Cost Analyst||20,000 TRY||+22%|
|Credit and Collection Manager||22,300 TRY||+36%|
|Credit and Collection Staff||11,600 TRY||-30%|
|Credit and Loans Officer||11,500 TRY||-30%|
|Credit Controller||18,500 TRY||+12%|
|Debt Adviser||23,900 TRY||+45%|
|Debt Collector||17,200 TRY||+5%|
|Debtors Clerk||14,300 TRY||-13%|
|Deputy CFO||34,900 TRY||+110%|
|Derivative Trader||28,800 TRY||+75%|
|Escrow Assistant||15,400 TRY||-6%|
|External Auditor||19,500 TRY||+18%|
|Finance Associate||16,000 TRY||-3%|
|Finance Executive||31,400 TRY||+91%|
|Finance Licensing Clerk||12,900 TRY||-22%|
|Finance Licensing Manager||19,100 TRY||+16%|
|Finance Licensing Specialist||15,300 TRY||-7%|
|Finance Officer||21,400 TRY||+30%|
|Finance President||39,300 TRY||+140%|
|Finance Relationship Manager||26,200 TRY||+59%|
|Finance Release Analyst||19,000 TRY||+15%|
|Finance Team Leader||21,700 TRY||+32%|
|Financial Actuary||19,600 TRY||+19%|
|Financial Administrator||17,700 TRY||+8%|
|Financial Analyst||21,200 TRY||+29%|
|Financial Applications Specialist||14,000 TRY||-15%|
|Financial Assistant||11,800 TRY||-28%|
|Financial Associate||15,300 TRY||-7%|
|Financial Claims Analyst||18,300 TRY||+11%|
|Financial Claims Manager||21,200 TRY||+29%|
|Financial Commercial Analyst||17,400 TRY||+6%|
|Financial Compliance Analyst||19,400 TRY||+18%|
|Financial Consultant||17,900 TRY||+9%|
|Financial Controller||18,400 TRY||+12%|
|Financial Coordinator||17,400 TRY||+6%|
|Financial Customer Service Manager||22,900 TRY||+39%|
|Financial Dealer and Broker||17,800 TRY||+8%|
|Financial Encoder||11,500 TRY||-30%|
|Financial Manager||39,900 TRY||+140%|
|Financial Operations Manager||27,900 TRY||+70%|
|Financial Policy Analyst||19,300 TRY||+17%|
|Financial Project Manager||18,600 TRY||+13%|
|Financial Quantitative Analyst||20,800 TRY||+26%|
|Financial Reporting Consultant||19,300 TRY||+17%|
|Financial Reporting Manager||23,500 TRY||+43%|
|Financial Services Sales Agent||18,000 TRY||+9%|
|Fixed Assets Administrator||15,600 TRY||-5%|
|Forensic Accountant||14,700 TRY||-11%|
|Fraud Detection Supervisor||18,200 TRY||+11%|
|Fraud Prevention Manager||28,400 TRY||+73%|
|Fund Accountant||14,900 TRY||-9%|
|Grants Coordinator||12,700 TRY||-23%|
|Internal Auditor||20,200 TRY||+23%|
|Internal Control Adviser||20,400 TRY||+24%|
|Internal Control Officer||17,600 TRY||+7%|
|Inventory Accountant||29,800 TRY||+81%|
|Investment Analyst||24,700 TRY||+50%|
|Investment Fund Manager||27,200 TRY||+65%|
|Investment Underwriter||12,400 TRY||-25%|
|Investor Relations Manager||25,000 TRY||+52%|
|KYC Team Leader||24,400 TRY||+48%|
|Management Economist||22,300 TRY||+36%|
|Payroll Clerk||11,900 TRY||-28%|
|Payroll Manager||20,700 TRY||+26%|
|Pensions Administrator||15,500 TRY||-6%|
|Pricing Analyst||22,600 TRY||+37%|
|Private Equity Analyst||22,100 TRY||+34%|
|Proposal Development Coordinator||15,200 TRY||-8%|
|Receivables Accountant||13,700 TRY||-17%|
|Regulatory Accountant||15,900 TRY||-3%|
|Retirement Plan Analyst||19,900 TRY||+21%|
|Revenue Management Specialist||17,100 TRY||+4%|
|Revenue Recognition Analyst||25,300 TRY||+54%|
|Risk Management Director||32,600 TRY||+98%|
|Risk Management Supervisor||23,100 TRY||+40%|
|Tax Accountant||14,300 TRY||-13%|
|Tax Advisor||18,600 TRY||+13%|
|Tax Associate||15,700 TRY||-5%|
|Tax Manager||28,300 TRY||+72%|
|Treasury Accountant||15,200 TRY||-8%|
|Treasury Analyst||20,100 TRY||+22%|
|Underwriting Assistant||10,800 TRY||-34%|
|Vice President of Finance||28,100 TRY||+71%|