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Accounting and Finance Average Salaries in Croatia 2020

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


Average Monthly Salary
26,000 HRK
( 312,000 HRK yearly)

LOW
11,900
HRK
AVERAGE
26,000
HRK
HIGH
55,200
HRK

A person working in Accounting and Finance in Croatia typically earns around 26,000 HRK per month. Salaries range from 11,900 HRK (lowest average) to 55,200 HRK (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 Examiner15,800 HRK
Account Executive24,200 HRK
Accountant18,500 HRK
Accounting Assistant17,000 HRK
Accounting Associate17,000 HRK
Accounting Clerk13,100 HRK
Accounting Coordinator14,200 HRK
Accounting Manager34,700 HRK
Accounting Supervisor23,700 HRK
Accounting Technician16,700 HRK
Accounts Executive22,900 HRK
Accounts Payable and Receivable Specialist21,400 HRK
Accounts Payable Clerk12,900 HRK
Accounts Payable Manager27,600 HRK
Accounts Receivable Clerk14,000 HRK
Accounts Receivable Manager29,500 HRK
Assistant Accounting Manager22,800 HRK
Assistant Auditor19,100 HRK
Audit Supervisor34,200 HRK
Auditing Clerk17,300 HRK
Auditing Manager36,400 HRK
Billing Coordinator20,700 HRK
Billing Specialist21,400 HRK
Billing Supervisor24,200 HRK
Bookkeeper14,100 HRK
Bookkeeping Specialist19,100 HRK
Budget Analyst20,900 HRK
Budget Manager32,200 HRK
Business Support Analyst23,300 HRK
Capital Markets Associate27,300 HRK
Cash Flow Analyst25,900 HRK
Cash Management Officer24,500 HRK
Cashbook Clerk16,400 HRK
Chartered Accountant23,800 HRK
Collections Clerk13,700 HRK
Collections Specialist17,700 HRK
Corporate Treasurer46,800 HRK
Cost Accountant21,600 HRK
Cost Accounting Manager27,100 HRK
Cost Analyst27,000 HRK
Credit and Collection Manager31,200 HRK
Credit and Collection Staff14,300 HRK
Credit and Loans Officer14,500 HRK
Credit Controller23,800 HRK
Debt Adviser31,400 HRK
Debt Collector23,300 HRK
Debtors Clerk19,800 HRK
Deputy CFO47,100 HRK
Derivative Trader35,100 HRK
Escrow Assistant20,800 HRK
External Auditor25,600 HRK
Finance Associate20,600 HRK
Finance Executive41,100 HRK
Finance Licensing Clerk16,800 HRK
Finance Licensing Manager25,600 HRK
Finance Licensing Specialist21,300 HRK
Finance Officer28,800 HRK
Finance President52,200 HRK
Finance Relationship Manager37,100 HRK
Finance Release Analyst24,900 HRK
Finance Team Leader 27,400 HRK
Financial Actuary26,200 HRK
Financial Administrator22,000 HRK
Financial Analyst26,000 HRK
Financial Applications Specialist18,400 HRK
Financial Assistant16,000 HRK
Financial Associate19,200 HRK
Financial Claims Analyst24,700 HRK
Financial Claims Manager26,700 HRK
Financial Commercial Analyst23,700 HRK
Financial Compliance Analyst26,400 HRK
Financial Consultant25,800 HRK
Financial Controller25,800 HRK
Financial Coordinator22,500 HRK
Financial Customer Service Manager30,800 HRK
Financial Dealer and Broker23,300 HRK
Financial Encoder14,500 HRK
Financial Manager54,100 HRK
Financial Operations Manager38,300 HRK
Financial Policy Analyst25,900 HRK
Financial Project Manager24,300 HRK
Financial Quantitative Analyst29,800 HRK
Financial Reporting Consultant24,700 HRK
Financial Reporting Manager31,500 HRK
Financial Services Sales Agent22,500 HRK
Fixed Assets Administrator21,500 HRK
Forensic Accountant20,900 HRK
Fraud Detection Supervisor25,300 HRK
Fraud Prevention Manager37,000 HRK
Fund Accountant20,000 HRK
Grants Coordinator16,000 HRK
Internal Auditor27,400 HRK
Internal Control Adviser28,400 HRK
Internal Control Officer22,900 HRK
Inventory Accountant40,000 HRK
Investment Analyst32,100 HRK
Investment Fund Manager33,800 HRK
Investment Underwriter16,000 HRK
Investor24,600 HRK
Investor Relations Manager31,300 HRK
KYC Team Leader31,100 HRK
Management Economist27,800 HRK
Paymaster20,600 HRK
Payroll Clerk16,000 HRK
Payroll Manager26,000 HRK
Pensions Administrator19,400 HRK
Pricing Analyst28,300 HRK
Private Equity Analyst28,100 HRK
Proposal Development Coordinator19,100 HRK
Receivables Accountant17,800 HRK
Regulatory Accountant19,400 HRK
Retirement Plan Analyst27,700 HRK
Revenue Management Specialist22,200 HRK
Revenue Recognition Analyst34,600 HRK
Risk Management Director39,400 HRK
Risk Management Supervisor32,000 HRK
Tax Accountant18,200 HRK
Tax Advisor26,800 HRK
Tax Associate20,500 HRK
Tax Manager36,600 HRK
Teller11,500 HRK
Treasury Accountant20,000 HRK
Treasury Analyst28,200 HRK
Underwriter15,000 HRK
Underwriting Assistant14,500 HRK
Vice President of Finance39,000 HRK

Accounting and Finance Jobs Salary Distribution in Croatia

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

  • Salary Range

    Accounting and Finance salaries in Croatia range from 11,900 HRK per month (minimum average salary) to 55,200 HRK per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 28,100 HRK per month, which means that half (50%) of people working in Accounting and Finance are earning less than 28,100 HRK while the other half are earning more than 28,100 HRK. 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 18,000 HRK while 75% of them are earning more than 18,000 HRK. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 45,000 HRK while 25% are earning more than 45,000 HRK.


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 Croatia costs anywhere from 134,000 Croatian Kuna(s) to 403,000 Croatian Kuna(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 Croatia 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 10% more than their female counterparts.

Female
24,700 HRK
Male+10%
27,300 HRK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Croatia for all Careers

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

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

Accounting and Finance

Accounting and Finance professionals in Croatia are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Croatia 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.

Croatia / All Professions

Annual Salary Increment Rate Croatia
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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 Croatia is 6%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

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

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

19% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 81% 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
81%
No Bonus
19%

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 Croatia
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Where can you get paid more, working for a private company or for the government? Public sector employees in Croatia earn 10% more than their private sector counterparts.

Private Sector
25,600 HRK
Public Sector+10%
28,100 HRK
Percentage increase and decrease are relative to the previous value

Accounting and Finance Salary Forecast and Trend in Croatia

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 Croatia Accounting and Finance
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Average Salary 2016
22,500 HRK
Average Salary 2017+4%
23,300 HRK
Average Salary 2018+4%
24,200 HRK
Average Salary 2019+4%
25,100 HRK
Percentage increase and decrease are relative to the previous value

Accounting and Finance salaries in Croatia are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Croatia


150 HRK per hour

The average hourly wage (pay per hour) in Croatia is 150 HRK. This means that the average person in Croatia earns approximately 150 HRK 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 Croatia
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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
Zadar27,200 HRK
Zagreb28,900 HRK
9232 - 17

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