How much money does a person working in Accounting and Finance make in Cyprus?
2,097 EUR per month
Average Monthly Salary
A person working in Accounting and Finance in Cyprus typically earns around 2,097 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
|Accounting Assistant||1,300 EUR|
|Accounting Manager||2,400 EUR|
|Accounting Supervisor||1,900 EUR|
|Auditor ( external )||2,058 EUR|
|Chartered Accountant||2,500 EUR|
|Financial Dealer and Broker||1,600 EUR|
|Financial Director||5,000 EUR|
|Financial Manager||2,333 EUR|
|Junior Staff Accountant||1,250 EUR|
|Senior Accountant||2,500 EUR|
Accounting and Finance Jobs Salary Distribution in Cyprus
25% of people earn
50% of people earn
75% of people earn
Abount These Figures: Salary Range, Median and Percentiles
The Accounting and Finance salaries in Cyprus range between 1,167 EUR per month (minimum salary) to 5,000 EUR per month (maximum salary).
The median salary is 1,850 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 1,850 EUR while the other half are earning more than 1,850 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 1,600 EUR while 75% of them are earning more than 1,600 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 2,500 EUR while 25% are earning more than 2,500 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 salary
Accounting 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|| = |
|Average Salary 2017|| +3% |
|Average Salary 2018|| +3% |
|Average Salary 2019|| +2% |
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 2% 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
11 EUR per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Cyprus for Accounting and Finance is 11 EUR. This means that the average person in Cyprus earns approximatly 11 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.
Salary Comparison of Accounting and Finance Jobs in Cyprus
Accounting and Finance
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