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Chartered Accountant Average Salary in Turkey 2020

How much money does a Chartered Accountant make in Turkey?


Average Monthly Salary
16,500 TRY
( 197,000 TRY yearly)

LOW
7,740
TRY
AVERAGE
16,500
TRY
HIGH
26,000
TRY

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 Salary Distribution in Turkey

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

  • Salary Range

    Chartered Accountant salaries in Turkey range from 7,740 TRY per month (minimum salary) to 26,000 TRY per month (maximum salary).

  • Median 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.

  • 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 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.


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 Turkey 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 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.

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 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.


Chartered Accountant average salary change by experience in Turkey

0 - 2 Years
8,920 TRY
2 - 5 Years+38%
12,300 TRY
5 - 10 Years+42%
17,500 TRY
10 - 15 Years+22%
21,300 TRY
15 - 20 Years+6%
22,500 TRY
20+ Years+9%
24,500 TRY
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 Turkey 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 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.


Chartered Accountant average salary difference by education level in Turkey

Certificate or Diploma
10,700 TRY
Bachelor's Degree+58%
16,900 TRY
Master's Degree+39%
23,400 TRY
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 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.


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 Turkey 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 Turkey earn 19% more than their female counterparts.

Female
15,200 TRY
Male+19%
18,100 TRY
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Turkey for all Careers

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

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

Chartered Accountant

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.

Annual Salary Increment Rate Turkey 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.

Turkey / All Professions

Annual Salary Increment Rate Turkey
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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 Turkey is 5%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Chartered Accountant Bonus and Incentive Rates in Turkey

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

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.

Received Bonus
57%
No Bonus
43%

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 Turkey
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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 Turkey earn 5% more than their private sector counterparts.

Private Sector
19,200 TRY
Public Sector+5%
20,200 TRY
Percentage increase and decrease are relative to the previous value

Chartered Accountant Salary Trend and Forecast in Turkey

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 monthly Turkey Chartered Accountant
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Average Salary 2016
14,500 TRY
Average Salary 2017+4%
15,000 TRY
Average Salary 2018+3%
15,500 TRY
Average Salary 2019+3%
16,000 TRY
Percentage increase and decrease are relative to the previous value

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.

Chartered Accountant Average Hourly Wage in Turkey


95 TRY per hour

The average hourly wage (pay per hour) in Turkey is 95 TRY. This means that the average Chartered Accountant in Turkey earns approximately 95 TRY 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 Turkey
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner12,500 TRY-24%
Account Executive18,200 TRY+11%
Accountant13,600 TRY-17%
Accounting Assistant13,400 TRY-19%
Accounting Associate13,400 TRY-19%
Accounting Clerk9,980 TRY-39%
Accounting Coordinator11,200 TRY-32%
Accounting Manager25,500 TRY+55%
Accounting Supervisor19,500 TRY+18%
Accounting Technician12,400 TRY-25%
Accounts Executive17,000 TRY+3%
Accounts Payable and Receivable Specialist16,100 TRY-2%
Accounts Payable Clerk10,200 TRY-38%
Accounts Payable Manager21,000 TRY+28%
Accounts Receivable Clerk11,400 TRY-31%
Accounts Receivable Manager21,000 TRY+28%
Assistant Accounting Manager17,500 TRY+6%
Assistant Auditor14,300 TRY-13%
Audit Supervisor25,200 TRY+53%
Auditing Clerk12,700 TRY-23%
Auditing Manager28,700 TRY+74%
Billing Coordinator16,700 TRY+1%
Billing Specialist15,900 TRY-3%
Billing Supervisor19,100 TRY+16%
Bookkeeper10,800 TRY-34%
Bookkeeping Specialist14,200 TRY-14%
Budget Analyst17,000 TRY+3%
Budget Manager23,000 TRY+40%
Business Support Analyst17,400 TRY+6%
Capital Markets Associate19,800 TRY+20%
Cash Flow Analyst19,800 TRY+20%
Cash Management Officer19,400 TRY+18%
Cashbook Clerk12,600 TRY-23%
Chartered Accountant16,500 TRY+0%
Collections Clerk10,100 TRY-39%
Collections Specialist12,700 TRY-23%
Corporate Treasurer33,600 TRY+100%
Cost Accountant16,100 TRY-2%
Cost Accounting Manager20,800 TRY+26%
Cost Analyst20,000 TRY+22%
Credit and Collection Manager22,300 TRY+36%
Credit and Collection Staff11,600 TRY-30%
Credit and Loans Officer11,500 TRY-30%
Credit Controller18,500 TRY+12%
Debt Adviser23,900 TRY+45%
Debt Collector17,200 TRY+5%
Debtors Clerk14,300 TRY-13%
Deputy CFO34,900 TRY+110%
Derivative Trader28,800 TRY+75%
Escrow Assistant15,400 TRY-6%
External Auditor19,500 TRY+18%
Finance Associate16,000 TRY-3%
Finance Executive31,400 TRY+91%
Finance Licensing Clerk12,900 TRY-22%
Finance Licensing Manager19,100 TRY+16%
Finance Licensing Specialist15,300 TRY-7%
Finance Officer21,400 TRY+30%
Finance President39,300 TRY+140%
Finance Relationship Manager26,200 TRY+59%
Finance Release Analyst19,000 TRY+15%
Finance Team Leader 21,700 TRY+32%
Financial Actuary19,600 TRY+19%
Financial Administrator17,700 TRY+8%
Financial Analyst21,200 TRY+29%
Financial Applications Specialist14,000 TRY-15%
Financial Assistant11,800 TRY-28%
Financial Associate15,300 TRY-7%
Financial Claims Analyst18,300 TRY+11%
Financial Claims Manager21,200 TRY+29%
Financial Commercial Analyst17,400 TRY+6%
Financial Compliance Analyst19,400 TRY+18%
Financial Consultant17,900 TRY+9%
Financial Controller18,400 TRY+12%
Financial Coordinator17,400 TRY+6%
Financial Customer Service Manager22,900 TRY+39%
Financial Dealer and Broker17,800 TRY+8%
Financial Encoder11,500 TRY-30%
Financial Manager39,900 TRY+140%
Financial Operations Manager27,900 TRY+70%
Financial Policy Analyst19,300 TRY+17%
Financial Project Manager18,600 TRY+13%
Financial Quantitative Analyst20,800 TRY+26%
Financial Reporting Consultant19,300 TRY+17%
Financial Reporting Manager23,500 TRY+43%
Financial Services Sales Agent18,000 TRY+9%
Fixed Assets Administrator15,600 TRY-5%
Forensic Accountant14,700 TRY-11%
Fraud Detection Supervisor18,200 TRY+11%
Fraud Prevention Manager28,400 TRY+73%
Fund Accountant14,900 TRY-9%
Grants Coordinator12,700 TRY-23%
Internal Auditor20,200 TRY+23%
Internal Control Adviser20,400 TRY+24%
Internal Control Officer17,600 TRY+7%
Inventory Accountant29,800 TRY+81%
Investment Analyst24,700 TRY+50%
Investment Fund Manager27,200 TRY+65%
Investment Underwriter12,400 TRY-25%
Investor18,400 TRY+12%
Investor Relations Manager25,000 TRY+52%
KYC Team Leader24,400 TRY+48%
Management Economist22,300 TRY+36%
Paymaster15,100 TRY-8%
Payroll Clerk11,900 TRY-28%
Payroll Manager20,700 TRY+26%
Pensions Administrator15,500 TRY-6%
Pricing Analyst22,600 TRY+37%
Private Equity Analyst22,100 TRY+34%
Proposal Development Coordinator15,200 TRY-8%
Receivables Accountant13,700 TRY-17%
Regulatory Accountant15,900 TRY-3%
Retirement Plan Analyst19,900 TRY+21%
Revenue Management Specialist17,100 TRY+4%
Revenue Recognition Analyst25,300 TRY+54%
Risk Management Director32,600 TRY+98%
Risk Management Supervisor23,100 TRY+40%
Tax Accountant14,300 TRY-13%
Tax Advisor18,600 TRY+13%
Tax Associate15,700 TRY-5%
Tax Manager28,300 TRY+72%
Teller9,230 TRY-44%
Treasury Accountant15,200 TRY-8%
Treasury Analyst20,100 TRY+22%
Underwriter11,500 TRY-30%
Underwriting Assistant10,800 TRY-34%
Vice President of Finance28,100 TRY+71%

Salary Comparison By City

CityAverage Salary
Ankara17,000 TRY
Antalya15,900 TRY
Istanbul19,800 TRY
Izmir16,700 TRY
3000 - 1

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