Accounting and Finance Average Salaries in Cyprus 2019
How much money does a person working in Accounting and Finance make in Cyprus?
3,322 EUR per month Average Monthly Salary
A person working in Accounting and Finance in Cyprus typically earns around 3,322 EUR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Accounting and Finance jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| Account Examiner | 2,142 EUR |
| Account Executive | 3,195 EUR |
| Accountant | 2,352 EUR |
| Accounting Assistant | 2,169 EUR |
| Accounting Associate | 2,279 EUR |
| Accounting Clerk | 1,674 EUR |
| Accounting Coordinator | 1,924 EUR |
| Accounting Manager | 4,432 EUR |
| Accounting Supervisor | 3,203 EUR |
| Accounting Technician | 2,109 EUR |
| Accounts Executive | 2,813 EUR |
| Accounts Payable and Receivable Specialist | 2,564 EUR |
| Accounts Payable Clerk | 1,655 EUR |
| Accounts Payable Manager | 3,545 EUR |
| Accounts Receivable Clerk | 1,798 EUR |
| Accounts Receivable Manager | 3,803 EUR |
| Assistant Accounting Manager | 2,859 EUR |
| Assistant Auditor | 2,471 EUR |
| Audit Supervisor | 4,450 EUR |
| Auditing Clerk | 2,246 EUR |
| Auditing Manager | 4,772 EUR |
| Billing Coordinator | 2,809 EUR |
| Billing Specialist | 2,659 EUR |
| Billing Supervisor | 3,195 EUR |
| Bookkeeper | 1,688 EUR |
| Bookkeeping Specialist | 2,411 EUR |
| Budget Analyst | 2,766 EUR |
| Budget Manager | 3,867 EUR |
| Business Support Analyst | 3,015 EUR |
| Capital Markets Associate | 3,559 EUR |
| Cash Flow Analyst | 3,444 EUR |
| Cash Management Officer | 3,266 EUR |
| Cashbook Clerk | 2,027 EUR |
| Chartered Accountant | 2,878 EUR |
| Collections Clerk | 1,724 EUR |
| Collections Specialist | 2,166 EUR |
| Corporate Treasurer | 5,722 EUR |
| Cost Accountant | 2,700 EUR |
| Cost Accounting Manager | 3,673 EUR |
| Cost Analyst | 3,310 EUR |
| Credit and Collection Manager | 3,744 EUR |
| Credit and Collection Staff | 1,839 EUR |
| Credit and Loans Officer | 1,967 EUR |
| Credit Controller | 3,118 EUR |
| Debt Adviser | 4,054 EUR |
| Debt Collector | 3,017 EUR |
| Debtors Clerk | 2,321 EUR |
| Deputy CFO | 5,686 EUR |
| Derivative Trader | 4,741 EUR |
| Escrow Assistant | 2,562 EUR |
| External Auditor | 3,365 EUR |
| Finance Associate | 2,667 EUR |
| Finance Executive | 5,400 EUR |
| Finance Licensing Clerk | 2,102 EUR |
| Finance Licensing Manager | 3,216 EUR |
| Finance Licensing Specialist | 2,680 EUR |
| Finance Officer | 3,618 EUR |
| Finance President | 6,968 EUR |
| Finance Relationship Manager | 4,551 EUR |
| Finance Release Analyst | 2,975 EUR |
| Finance Team Leader | 3,716 EUR |
| Financial Actuary | 3,427 EUR |
| Financial Administrator | 2,927 EUR |
| Financial Analyst | 3,406 EUR |
| Financial Applications Specialist | 2,161 EUR |
| Financial Assistant | 2,076 EUR |
| Financial Associate | 2,431 EUR |
| Financial Claims Analyst | 2,989 EUR |
| Financial Claims Manager | 3,588 EUR |
| Financial Commercial Analyst | 3,005 EUR |
| Financial Compliance Analyst | 3,433 EUR |
| Financial Consultant | 3,128 EUR |
| Financial Controller | 3,040 EUR |
| Financial Coordinator | 2,870 EUR |
| Financial Customer Service Manager | 3,803 EUR |
| Financial Dealer and Broker | 3,045 EUR |
| Financial Encoder | 1,884 EUR |
| Financial Manager | 6,995 EUR |
| Financial Operations Manager | 4,582 EUR |
| Financial Policy Analyst | 3,295 EUR |
| Financial Project Manager | 3,284 EUR |
| Financial Quantitative Analyst | 3,789 EUR |
| Financial Reporting Consultant | 3,332 EUR |
| Financial Reporting Manager | 4,004 EUR |
| Financial Services Sales Agent | 2,870 EUR |
| Fixed Assets Administrator | 2,572 EUR |
| Forensic Accountant | 2,565 EUR |
| Fraud Detection Supervisor | 3,136 EUR |
| Fraud Prevention Manager | 4,580 EUR |
| Fund Accountant | 2,487 EUR |
| Grants Coordinator | 2,153 EUR |
| Internal Auditor | 3,599 EUR |
| Internal Control Adviser | 3,517 EUR |
| Internal Control Officer | 2,837 EUR |
| Inventory Accountant | 5,025 EUR |
| Investment Analyst | 4,425 EUR |
| Investment Fund Manager | 4,445 EUR |
| Investment Underwriter | 2,107 EUR |
| Investor | 3,128 EUR |
| Investor Relations Manager | 3,986 EUR |
| KYC Team Leader | 3,962 EUR |
| Management Economist | 3,548 EUR |
| Paymaster | 2,613 EUR |
| Payroll Clerk | 2,023 EUR |
| Payroll Manager | 3,296 EUR |
| Pensions Administrator | 2,471 EUR |
| Pricing Analyst | 3,585 EUR |
| Private Equity Analyst | 3,537 EUR |
| Proposal Development Coordinator | 2,431 EUR |
| Receivables Accountant | 2,228 EUR |
| Regulatory Accountant | 2,544 EUR |
| Retirement Plan Analyst | 3,433 EUR |
| Revenue Management Specialist | 2,756 EUR |
| Revenue Recognition Analyst | 4,271 EUR |
| Risk Management Director | 5,046 EUR |
| Risk Management Supervisor | 4,100 EUR |
| Tax Accountant | 2,396 EUR |
| Tax Advisor | 3,253 EUR |
| Tax Associate | 2,452 EUR |
| Tax Manager | 4,700 EUR |
| Teller | 1,489 EUR |
| Treasury Accountant | 2,551 EUR |
| Treasury Analyst | 3,630 EUR |
| Underwriter | 2,031 EUR |
| Underwriting Assistant | 1,779 EUR |
| Vice President of Finance | 4,831 EUR |
Accounting and Finance Jobs Salary Distribution in Cyprus
Abount These Figures: Salary Range, Median and Percentiles
The Accounting and Finance salaries in Cyprus range between 1,520 EUR per month (minimum salary) to 7,049 EUR per month (maximum salary).The median salary is 3,422 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 3,422 EUR while the other half are earning more than 3,422 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.
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 2,224 EUR while 75% of them are earning more than 2,224 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 5,550 EUR while 25% are earning more than 5,550 EUR.
What is the difference between the median and the average salary? What should you be looking at?
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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salaryAccounting and Finance Salary Forecast and Trend in Cyprus
How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2016 | = | 3,005 EUR |
| Average Salary 2017 |  +4% | 3,116 EUR |
| Average Salary 2018 | +3% | 3,222 EUR |
| Average Salary 2019 | +3% | 3,322 EUR |
Percentage increase and decrease are relative to the previous value
Accounting and Finance salaries in Cyprus are rising in the year 2019 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 continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.Accounting and Finance Hourly Average Wage in Cyprus
19 EUR per hour Average Hourly Wage
The average hourly wage (pay per hour) in Cyprus for Accounting and Finance is 19 EUR. This means that the average person in Cyprus earns approximatly 19 EUR for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Accounting and Finance VS Other Jobs
We compared Cyprus salaries for Accounting and Finance and All Jobs and we found that Accounting and Finance salaries are 3% less than those of All Jobs.Salary Comparison By City
| City | Average Salary |
| Larnaka | 2,924 EUR |
| Limassol | 3,455 EUR |
| Nicosia | 3,200 EUR |
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