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Accounting and Finance Average Salaries in Algeria 2020

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

Average Monthly Salary
213,000 DZD
( 2,560,000 DZD yearly)


A person working in Accounting and Finance in Algeria typically earns around 213,000 DZD per month. Salaries range from 97,600 DZD (lowest average) to 453,000 DZD (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 Examiner136,000 DZD
Account Executive220,000 DZD
Accountant160,000 DZD
Accounting Assistant155,000 DZD
Accounting Associate146,000 DZD
Accounting Clerk113,000 DZD
Accounting Coordinator122,000 DZD
Accounting Manager285,000 DZD
Accounting Supervisor205,000 DZD
Accounting Technician144,000 DZD
Accounts Executive188,000 DZD
Accounts Payable and Receivable Specialist184,000 DZD
Accounts Payable Clerk112,000 DZD
Accounts Payable Manager227,000 DZD
Accounts Receivable Clerk121,000 DZD
Accounts Receivable Manager243,000 DZD
Assistant Accounting Manager197,000 DZD
Assistant Auditor165,000 DZD
Audit Supervisor295,000 DZD
Auditing Clerk149,000 DZD
Auditing Manager315,000 DZD
Billing Coordinator179,000 DZD
Billing Specialist176,000 DZD
Billing Supervisor220,000 DZD
Bookkeeper122,000 DZD
Bookkeeping Specialist165,000 DZD
Budget Analyst190,000 DZD
Budget Manager278,000 DZD
Business Support Analyst201,000 DZD
Capital Markets Associate235,000 DZD
Cash Flow Analyst235,000 DZD
Cash Management Officer222,000 DZD
Cashbook Clerk141,000 DZD
Chartered Accountant205,000 DZD
Collections Clerk119,000 DZD
Collections Specialist146,000 DZD
Corporate Treasurer384,000 DZD
Cost Accountant187,000 DZD
Cost Accounting Manager234,000 DZD
Cost Analyst221,000 DZD
Credit and Collection Manager269,000 DZD
Credit and Collection Staff124,000 DZD
Credit and Loans Officer125,000 DZD
Credit Controller216,000 DZD
Debt Adviser271,000 DZD
Debt Collector192,000 DZD
Debtors Clerk163,000 DZD
Deputy CFO407,000 DZD
Derivative Trader304,000 DZD
Escrow Assistant179,000 DZD
External Auditor233,000 DZD
Finance Associate170,000 DZD
Finance Executive373,000 DZD
Finance Licensing Clerk145,000 DZD
Finance Licensing Manager232,000 DZD
Finance Licensing Specialist184,000 DZD
Finance Officer261,000 DZD
Finance President474,000 DZD
Finance Relationship Manager305,000 DZD
Finance Release Analyst215,000 DZD
Finance Team Leader 236,000 DZD
Financial Actuary226,000 DZD
Financial Administrator200,000 DZD
Financial Analyst236,000 DZD
Financial Applications Specialist151,000 DZD
Financial Assistant138,000 DZD
Financial Associate174,000 DZD
Financial Claims Analyst203,000 DZD
Financial Claims Manager230,000 DZD
Financial Commercial Analyst204,000 DZD
Financial Compliance Analyst228,000 DZD
Financial Consultant223,000 DZD
Financial Controller212,000 DZD
Financial Coordinator184,000 DZD
Financial Customer Service Manager266,000 DZD
Financial Dealer and Broker201,000 DZD
Financial Encoder126,000 DZD
Financial Manager445,000 DZD
Financial Operations Manager331,000 DZD
Financial Policy Analyst235,000 DZD
Financial Project Manager210,000 DZD
Financial Quantitative Analyst258,000 DZD
Financial Reporting Consultant213,000 DZD
Financial Reporting Manager285,000 DZD
Financial Services Sales Agent194,000 DZD
Fixed Assets Administrator186,000 DZD
Forensic Accountant172,000 DZD
Fraud Detection Supervisor208,000 DZD
Fraud Prevention Manager319,000 DZD
Fund Accountant165,000 DZD
Grants Coordinator138,000 DZD
Internal Auditor236,000 DZD
Internal Control Adviser234,000 DZD
Internal Control Officer198,000 DZD
Inventory Accountant363,000 DZD
Investment Analyst292,000 DZD
Investment Fund Manager307,000 DZD
Investment Underwriter138,000 DZD
Investor223,000 DZD
Investor Relations Manager270,000 DZD
KYC Team Leader282,000 DZD
Management Economist240,000 DZD
Paymaster178,000 DZD
Payroll Clerk138,000 DZD
Payroll Manager236,000 DZD
Pensions Administrator167,000 DZD
Pricing Analyst257,000 DZD
Private Equity Analyst256,000 DZD
Proposal Development Coordinator165,000 DZD
Receivables Accountant153,000 DZD
Regulatory Accountant177,000 DZD
Retirement Plan Analyst228,000 DZD
Revenue Management Specialist192,000 DZD
Revenue Recognition Analyst285,000 DZD
Risk Management Director340,000 DZD
Risk Management Supervisor262,000 DZD
Tax Accountant165,000 DZD
Tax Advisor232,000 DZD
Tax Associate177,000 DZD
Tax Manager316,000 DZD
Teller99,700 DZD
Treasury Accountant173,000 DZD
Treasury Analyst232,000 DZD
Underwriter130,000 DZD
Underwriting Assistant119,000 DZD
Vice President of Finance321,000 DZD

Accounting and Finance Jobs Salary Distribution in Algeria

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

  • Salary Range

    Accounting and Finance salaries in Algeria range from 97,600 DZD per month (minimum average salary) to 453,000 DZD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 222,000 DZD per month, which means that half (50%) of people working in Accounting and Finance are earning less than 222,000 DZD while the other half are earning more than 222,000 DZD. 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 144,000 DZD while 75% of them are earning more than 144,000 DZD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 351,000 DZD while 25% are earning more than 351,000 DZD.

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 Algeria costs anywhere from 1,100,000 Algerian Dinar(s) to 3,310,000 Algerian 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 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 Algeria 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 13% more than their female counterparts.

206,000 DZD
233,000 DZD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Algeria for all Careers

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

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

Accounting and Finance

Accounting and Finance professionals in Algeria are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Algeria 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.

Algeria / All Professions

Annual Salary Increment Rate Algeria
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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 Algeria is 2%.

Annual Increment Rate By Industry 2019

Information Technology

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

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

38% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 62% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Algeria
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Where can you get paid more, working for a private company or for the government? Public sector employees in Algeria earn 21% more than their private sector counterparts.

Private Sector
201,000 DZD
Public Sector+21%
242,000 DZD
Percentage increase and decrease are relative to the previous value

Accounting and Finance Salary Forecast and Trend in Algeria

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 Algeria Accounting and Finance
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Average Salary 2016
191,000 DZD
Average Salary 2017+4%
198,000 DZD
Average Salary 2018+3%
204,000 DZD
Average Salary 2019+2%
209,000 DZD
Percentage increase and decrease are relative to the previous value

Accounting and Finance salaries in Algeria 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 Algeria

1,230 DZD per hour

The average hourly wage (pay per hour) in Algeria is 1,230 DZD. This means that the average person in Algeria earns approximately 1,230 DZD 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 Algeria
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The average salary for Accounting and Finance is 3% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Annaba227,000 DZD
Batna219,000 DZD
Biskra207,000 DZD
Blida223,000 DZD
Chlef202,000 DZD
Constantine231,000 DZD
El Djazair240,000 DZD
Oran236,000 DZD
Setif215,000 DZD
Sidi bel Abbes211,000 DZD
109500 - 4

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