How much money does a person working in Accounting and Finance make in Turkey?
Average Monthly Salary
8,130 TRY
( 97,500 TRY yearly)
LOW
3,260
TRY
AVERAGE
8,130
TRY
HIGH
16,200
TRY
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
A person working in Accounting and Finance in Turkey typically earns around 8,130 TRY. Salaries range from 3,260 TRY (lowest average) to 16,200 TRY (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Turkey exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
Accounting and Finance | |
Account Examiner | 4,290 TRY |
Account Executive | 6,890 TRY |
Accountant | 5,560 TRY |
Accounting Analyst | 6,940 TRY |
|
Accounting Assistant | 4,450 TRY |
Accounting Associate | 4,060 TRY |
Accounting Clerk | 3,420 TRY |
Accounting Coordinator | 5,150 TRY |
Accounting Head | 10,900 TRY |
Accounting Manager | 11,700 TRY |
Accounting Officer | 4,280 TRY |
Accounting Specialist | 7,980 TRY |
Accounting Supervisor | 8,100 TRY |
Accounting Technician | 4,020 TRY |
Accounting Unit Controller | 9,650 TRY |
Accounts Executive | 7,210 TRY |
Accounts Officer | 4,260 TRY |
Accounts Payable and Receivable Specialist | 5,880 TRY |
Accounts Payable Assistant | 4,740 TRY |
Accounts Payable Associate | 5,250 TRY |
Accounts Payable Clerk | 4,170 TRY |
Accounts Payable Manager | 11,300 TRY |
Accounts Receivable Administrator | 8,360 TRY |
Accounts Receivable Clerk | 4,340 TRY |
Accounts Receivable Financial Analyst | 8,020 TRY |
Accounts Receivable Manager | 10,500 TRY |
Accounts Receivable Team Leader | 8,150 TRY |
Algorithmic Trading Specialist | 10,200 TRY |
Assistant Accountant | 4,160 TRY |
Assistant Accounting Manager | 10,900 TRY |
Assistant Auditor | 5,460 TRY |
Assistant Corporate Controller | 8,060 TRY |
Assistant Finance Manager | 12,100 TRY |
Assistant Financial Controller | 7,900 TRY |
Audit Director | 12,800 TRY |
Audit Supervisor | 9,910 TRY |
Auditing Clerk | 4,260 TRY |
Auditing Manager | 12,300 TRY |
Billing Clerk | 4,360 TRY |
Billing Coordinator | 5,320 TRY |
Billing Specialist | 6,160 TRY |
Billing Supervisor | 8,700 TRY |
Bookkeeper | 3,820 TRY |
Bookkeeping Specialist | 5,490 TRY |
Budget Analyst | 10,200 TRY |
Budget Manager | 11,300 TRY |
Business Support Analyst | 6,160 TRY |
Capital Markets Associate | 8,110 TRY |
Cash Flow Analyst | 8,440 TRY |
Cash Management Manager | 11,300 TRY |
Cash Management Officer | 6,690 TRY |
Cashbook Clerk | 3,860 TRY |
Chartered Accountant | 6,870 TRY |
Chief Accountant | 8,770 TRY |
Chief Financial Technology Officer | 12,200 TRY |
Collections Clerk | 3,420 TRY |
Collections Representative | 4,950 TRY |
Collections Specialist | 5,520 TRY |
Corporate Controller | 8,870 TRY |
Corporate Treasurer | 10,400 TRY |
Cost Accountant | 5,640 TRY |
Cost Accounting Manager | 11,000 TRY |
Cost Accounting Supervisor | 9,170 TRY |
Cost Analyst | 9,010 TRY |
Credit and Collection Manager | 10,900 TRY |
Credit and Collection Staff | 4,470 TRY |
Credit and Loans Officer | 4,170 TRY |
Credit Controller | 7,590 TRY |
Credit Manager | 12,300 TRY |
Debt Adviser | 9,140 TRY |
Debt Collector | 4,550 TRY |
Debtors Clerk | 3,860 TRY |
Debtors Controller | 4,280 TRY |
Deputy CFO | 15,700 TRY |
Deputy Head of Finance | 14,800 TRY |
Derivative Trader | 10,100 TRY |
Director of Finance | 16,100 TRY |
E-commerce Accountant | 5,900 TRY |
Economist | 12,900 TRY |
Equity Analyst | 9,880 TRY |
Escrow Assistant | 4,860 TRY |
Executive Accountant | 6,630 TRY |
External Auditor | 7,640 TRY |
Finance Administrator | 6,770 TRY |
Finance Analyst | 10,400 TRY |
Finance Associate | 5,150 TRY |
Finance Data Analyst | 8,970 TRY |
Finance Director | 16,100 TRY |
Finance Executive | 11,600 TRY |
Finance Licensing Clerk | 4,210 TRY |
Finance Licensing Manager | 10,300 TRY |
Finance Licensing Specialist | 5,960 TRY |
Finance Manager | 15,700 TRY |
Finance Officer | 5,150 TRY |
Finance President | 16,400 TRY |
Finance Relationship Manager | 12,400 TRY |
Finance Release Analyst | 6,660 TRY |
Finance Specialist | 9,450 TRY |
Finance Team Leader | 12,900 TRY |
Financial Accountant | 5,740 TRY |
Financial Actuary | 8,590 TRY |
Financial Administrator | 9,740 TRY |
Financial Advisor | 10,600 TRY |
Financial Analyst | 10,400 TRY |
Financial Applications Specialist | 7,360 TRY |
Financial Assistant | 4,380 TRY |
Financial Associate | 4,730 TRY |
Financial Associate | 5,140 TRY |
Financial Claims Analyst | 7,430 TRY |
Financial Claims Manager | 10,000 TRY |
Financial Claims Supervisor | 9,520 TRY |
Financial Clerk | 4,480 TRY |
Financial Commercial Analyst | 8,230 TRY |
Financial Compliance Analyst | 8,760 TRY |
Financial Compliance Officer | 8,990 TRY |
Financial Consultant | 7,210 TRY |
Financial Controller | 8,830 TRY |
Financial Controller | 9,260 TRY |
Financial Coordinator | 5,290 TRY |
Financial Customer Service Manager | 9,950 TRY |
Financial Data Scientist | 10,800 TRY |
Financial Dealer and Broker | 6,130 TRY |
Financial Director | 17,000 TRY |
Financial Encoder | 4,890 TRY |
Financial Manager | 15,800 TRY |
Financial Manager | 15,000 TRY |
Financial Modelling Analyst | 10,600 TRY |
Financial Operations Manager | 14,100 TRY |
Financial Policy Analyst | 8,580 TRY |
Financial Project Manager | 11,400 TRY |
Financial Quantitative Analyst | 9,310 TRY |
Financial Reporting Consultant | 8,060 TRY |
Financial Reporting Manager | 10,600 TRY |
Financial Section Head | 10,700 TRY |
Financial Services Manager | 14,700 TRY |
Financial Services Sales Agent | 6,240 TRY |
Financial Technology Consultant | 8,600 TRY |
Financial Wellness Coach | 11,500 TRY |
FinTech Analyst | 9,820 TRY |
Fixed Assets Administrator | 5,750 TRY |
Forensic Accountant | 6,280 TRY |
Fraud Detection Supervisor | 6,860 TRY |
Fraud Prevention Manager | 11,600 TRY |
Fund Accountant | 5,550 TRY |
Grants Coordinator | 4,180 TRY |
Green Finance Analyst | 8,420 TRY |
Group Financial Manager | 16,900 TRY |
Internal Auditor | 7,450 TRY |
Internal Control Adviser | 8,750 TRY |
Internal Control Officer | 4,950 TRY |
International Tax Director | 13,500 TRY |
Inventory Accountant | 5,600 TRY |
Investment Advisor | 15,800 TRY |
Investment Analyst | 10,800 TRY |
Investment Associate | 9,420 TRY |
Investment Broker | 9,390 TRY |
Investment Fund Manager | 12,800 TRY |
Investment Operations Manager | 12,700 TRY |
Investment Underwriter | 4,970 TRY |
Investor | 7,170 TRY |
Investor Relations Manager | 11,400 TRY |
KYC Team Leader | 11,200 TRY |
Loan Processor | 4,820 TRY |
Management Accountant | 6,040 TRY |
Management Economist | 13,200 TRY |
Paymaster | 4,600 TRY |
Payroll Administrator | 7,400 TRY |
Payroll Benefits Coordinator | 6,060 TRY |
Payroll Billing Manager | 10,200 TRY |
Payroll Clerk | 5,000 TRY |
Payroll Manager | 10,700 TRY |
Payroll Officer | 4,980 TRY |
Payroll Specialist | 6,080 TRY |
Payroll Supervisor | 6,900 TRY |
Pensions Administrator | 6,000 TRY |
Personal Financial Advisor | 8,170 TRY |
Pricing Analyst | 9,710 TRY |
Private Equity Analyst | 10,100 TRY |
Project Accountant | 6,170 TRY |
Proposal Development Coordinator | 5,040 TRY |
Quantitative Trader | 8,380 TRY |
Receivables Accountant | 5,390 TRY |
Regulatory Accountant | 6,320 TRY |
Retirement Plan Analyst | 8,870 TRY |
Revenue Management Specialist | 9,420 TRY |
Revenue Recognition Analyst | 10,400 TRY |
Risk Management Director | 14,100 TRY |
Risk Management Supervisor | 10,700 TRY |
Staff Accountant | 5,370 TRY |
Tax Accountant | 5,380 TRY |
Tax Administrator | 6,320 TRY |
Tax Advisor | 8,240 TRY |
Tax Analyst | 8,420 TRY |
Tax Associate | 4,930 TRY |
Tax Consultant | 8,960 TRY |
Tax Director | 13,300 TRY |
Tax Examiner | 5,800 TRY |
Tax Manager | 11,300 TRY |
Tax Research Manager | 11,600 TRY |
Teller | 3,450 TRY |
Treasury Accountant | 5,900 TRY |
Treasury Analyst | 8,940 TRY |
Underwriter | 3,880 TRY |
Underwriting Assistant | 3,720 TRY |
Vice President of Finance | 15,200 TRY |
Accounting and Finance Jobs Pay Scale and Salaries in Turkey
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/turkey/accounting-and-finance/median-and-salary-distribution-monthly-turkey-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
8,180 TRY or more
10% of people earn
6,930 to 8,180 TRY
20% of people earn
4,170 TRY or less
65% of people earn
4,170 to 6,930 TRY
Minimum Salary 3,260 TRY |
Median 7,180 TRY |
Maximum 16,200 TRY |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
All salary figures displayed here are per month except when noted otherwise.
Salary Range, Minimum Wage, and Starting Salary
Salaries in Accounting and Finance in Turkey range from 3,260 TRY (starting average salary) to 16,200 TRY (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Accounting and Finance is 7,180 TRY, implying that half of the workforce in Turkey earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Turkey earn less than 5,620 TRY, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 8,670 TRY, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Turkey. The analysis revealed that roughly 65% of all reported salaries fell within the range of 4,170 TRY to 6,930 TRY. Approximately 20% of salaries were below the 4,170 TRY mark, while 10% ranged from 6,930 TRY to 8,180 TRY. Only 5% of individuals earned a gross salary of 8,180 TRY or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 in Accounting and Finance in Turkey 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.
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.
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.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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.
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 degree levels across many jobs in Accounting and Finance in Turkey, below are our findings.
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 certificate 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 Turkey costs anywhere from 39,300 TRY to 118,000 TRY and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Accounting and Finance / Turkey
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/turkey/accounting-and-finance/salary-comparison-by-gender-monthly-turkey-accounting-and-finance.jpg Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in Turkey, the average difference between the salary of male and female employees is 13%.
Male | | 8,510 TRY |
Female | -12% | 7,520 TRY |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Turkey for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/turkey/salary-comparison-by-gender-monthly-turkey.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Turkey
How much are annual salary increments in Turkey for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Turkey are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/turkey/accounting-and-finance/annual-salary-increment-rate-turkey-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/turkey/annual-salary-increment-rate-turkey.jpg The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Accounting and Finance / Turkey
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/turkey/accounting-and-finance/annual-salary-bonus-rate-turkey-accounting-and-finance.jpg
26% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 74% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
Received Bonus | | 74% |
No Bonus | | 26% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
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.
Hourly Average Wage / Accounting and Finance / Turkey
47 TRY
per hour The average hourly wage (pay per hour) in Accounting and Finance in Turkey is 47 TRY.This is the rate they get paid for every worked hour.
Hourly Wage = Annual Salary / ( 52 x 5 x 8 )
About The Hourly Pay Rate
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 fixed 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working in Accounting and Finance in Turkey is 19 TRY. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Turkey is 5% on average across all career fields.
Private Sector | | 7,660 TRY |
Public Sector | +5% | 8,040 TRY |
Percentage increase and decrease are relative to the previous value
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Accounting and Finance in Turkey?
A good and competitive compensation would range anywhere between 7,180 TRY and 8,670 TRY. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for jobs in Accounting and Finance in Turkey ranges from 3,260 TRY to 5,620 TRY. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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