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Accounting and Finance Average Salaries in Barcelona 2020

How much money does a person working in Accounting and Finance make in Barcelona?


Average Monthly Salary
5,610 EUR
( 67,400 EUR yearly)

LOW
2,790
EUR
AVERAGE
5,610
EUR
HIGH
11,400
EUR

A person working in Accounting and Finance in Barcelona typically earns around 5,610 EUR per month. Salaries range from 2,790 EUR (lowest average) to 11,400 EUR (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner3,680 EUR
Account Executive5,370 EUR
Accountant3,970 EUR
Accounting Assistant3,710 EUR
Accounting Associate3,980 EUR
Accounting Clerk2,980 EUR
Accounting Coordinator3,350 EUR
Accounting Manager7,350 EUR
Accounting Supervisor5,030 EUR
Accounting Technician3,510 EUR
Accounts Executive4,620 EUR
Accounts Payable and Receivable Specialist4,540 EUR
Accounts Payable Clerk3,030 EUR
Accounts Payable Manager5,530 EUR
Accounts Receivable Clerk3,340 EUR
Accounts Receivable Manager6,060 EUR
Assistant Accounting Manager4,850 EUR
Assistant Auditor4,210 EUR
Audit Supervisor7,440 EUR
Auditing Clerk3,960 EUR
Auditing Manager7,560 EUR
Billing Coordinator4,580 EUR
Billing Specialist4,280 EUR
Billing Supervisor5,370 EUR
Bookkeeper3,050 EUR
Bookkeeping Specialist3,950 EUR
Budget Analyst4,820 EUR
Budget Manager6,640 EUR
Business Support Analyst5,050 EUR
Capital Markets Associate5,600 EUR
Cash Flow Analyst5,480 EUR
Cash Management Officer5,350 EUR
Cashbook Clerk3,650 EUR
Chartered Accountant4,800 EUR
Collections Clerk3,090 EUR
Collections Specialist3,930 EUR
Corporate Treasurer9,700 EUR
Cost Accountant4,490 EUR
Cost Accounting Manager5,860 EUR
Cost Analyst5,360 EUR
Credit and Collection Manager6,440 EUR
Credit and Collection Staff3,400 EUR
Credit and Loans Officer3,410 EUR
Credit Controller5,520 EUR
Debt Adviser6,480 EUR
Debt Collector5,010 EUR
Debtors Clerk4,010 EUR
Deputy CFO9,790 EUR
Derivative Trader7,260 EUR
Escrow Assistant4,390 EUR
External Auditor5,490 EUR
Finance Associate4,480 EUR
Finance Executive8,580 EUR
Finance Licensing Clerk3,670 EUR
Finance Licensing Manager5,450 EUR
Finance Licensing Specialist4,680 EUR
Finance Officer6,080 EUR
Finance President10,900 EUR
Finance Relationship Manager7,230 EUR
Finance Release Analyst5,070 EUR
Finance Team Leader 6,080 EUR
Financial Actuary5,540 EUR
Financial Administrator4,710 EUR
Financial Analyst5,990 EUR
Financial Applications Specialist3,760 EUR
Financial Assistant3,700 EUR
Financial Associate4,430 EUR
Financial Claims Analyst5,010 EUR
Financial Claims Manager6,030 EUR
Financial Commercial Analyst4,950 EUR
Financial Compliance Analyst5,830 EUR
Financial Consultant5,180 EUR
Financial Controller5,260 EUR
Financial Coordinator4,910 EUR
Financial Customer Service Manager6,320 EUR
Financial Dealer and Broker4,840 EUR
Financial Encoder3,310 EUR
Financial Manager11,100 EUR
Financial Operations Manager7,600 EUR
Financial Policy Analyst5,430 EUR
Financial Project Manager5,290 EUR
Financial Quantitative Analyst6,140 EUR
Financial Reporting Consultant5,220 EUR
Financial Reporting Manager6,520 EUR
Financial Services Sales Agent4,830 EUR
Fixed Assets Administrator4,440 EUR
Forensic Accountant4,250 EUR
Fraud Detection Supervisor5,370 EUR
Fraud Prevention Manager7,720 EUR
Fund Accountant4,030 EUR
Grants Coordinator3,780 EUR
Internal Auditor5,950 EUR
Internal Control Adviser5,970 EUR
Internal Control Officer4,940 EUR
Inventory Accountant8,300 EUR
Investment Analyst7,040 EUR
Investment Fund Manager7,130 EUR
Investment Underwriter3,660 EUR
Investor5,180 EUR
Investor Relations Manager6,550 EUR
KYC Team Leader6,450 EUR
Management Economist5,870 EUR
Paymaster4,360 EUR
Payroll Clerk3,380 EUR
Payroll Manager5,860 EUR
Pensions Administrator4,210 EUR
Pricing Analyst6,330 EUR
Private Equity Analyst5,960 EUR
Proposal Development Coordinator4,150 EUR
Receivables Accountant3,870 EUR
Regulatory Accountant4,580 EUR
Retirement Plan Analyst5,830 EUR
Revenue Management Specialist4,810 EUR
Revenue Recognition Analyst6,980 EUR
Risk Management Director8,400 EUR
Risk Management Supervisor6,330 EUR
Tax Accountant4,130 EUR
Tax Advisor5,370 EUR
Tax Associate4,250 EUR
Tax Manager8,040 EUR
Teller2,630 EUR
Treasury Accountant4,330 EUR
Treasury Analyst5,800 EUR
Underwriter3,420 EUR
Underwriting Assistant3,060 EUR
Vice President of Finance8,040 EUR

Accounting and Finance Jobs Salary Distribution in Barcelona

Median and salary distribution monthly Barcelona Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Barcelona range from 2,790 EUR per month (minimum average salary) to 11,400 EUR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 6,060 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 6,060 EUR while the other half are earning more than 6,060 EUR. 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 people working in Accounting and Finance are earning less than 3,990 EUR while 75% of them are earning more than 3,990 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 9,450 EUR while 25% are earning more than 9,450 EUR.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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 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.


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.

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.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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 degrees levels across many jobs, below are our findings.


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.

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 cerificate 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 Spain costs anywhere from 25,100 Euro(s) to 75,200 Euro(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly Spain Accounting and Finance
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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 employees earn 6% more than their female counterparts.

Female
4,710 EUR
Male+6%
4,990 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Spain for all Careers

Salary comparison by gender monthly Spain
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Accounting and Finance Average Annual Salary Increment Percentage in Spain

How much are annual salary increments in Spain for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Spain are likely to observe a salary increase of approximately 10% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Spain Accounting and Finance
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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.

Spain / All Professions

Annual Salary Increment Rate Spain
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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 Spain is 6%.

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 Spain 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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Accounting and Finance Bonus and Incentive Rates in Spain

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Spain Accounting and Finance
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Accounting and Finance is considered to be a high bonus-based field 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.

25% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 75% 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
75%
No Bonus
25%

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 Spain
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Where can you get paid more, working for a private company or for the government? Public sector employees in Spain earn 5% more than their private sector counterparts.

Private Sector
4,900 EUR
Public Sector+5%
5,120 EUR
Percentage increase and decrease are relative to the previous value

Accounting and Finance Salary Forecast and Trend in Spain

How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Spain Accounting and Finance
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Average Salary 2016
4,400 EUR
Average Salary 2017+4%
4,560 EUR
Average Salary 2018+2%
4,630 EUR
Average Salary 2019+2%
4,730 EUR
Percentage increase and decrease are relative to the previous value

Accounting and Finance salaries in Spain are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% 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.

Accounting and Finance Hourly Average Wage in Barcelona


32 EUR per hour

The average hourly wage (pay per hour) in Barcelona is 32 EUR. This means that the average person in Barcelona earns approximately 32 EUR 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Barcelona
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The average salary for Accounting and Finance is 3% less than that of All Jobs.

Barcelona VS Spain

Salary Comparison Between Barcelona and Spain monthly Accounting and Finance
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We compared Accounting and Finance salaries in Barcelona and Spain and we found that Barcelona salaries are 15% more than those of Spain.

Salary Comparison By City

CityAverage Salary
Barcelona5,610 EUR
Bilbao4,820 EUR
Las Palmas4,920 EUR
Madrid5,710 EUR
Malaga5,220 EUR
Murcia5,120 EUR
Palma de Mallorca5,020 EUR
Sevilla5,420 EUR
Valencia5,520 EUR
Zaragoza5,320 EUR
3525 - 28

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