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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 TitleAverage Salary
Account Examiner2,142 EUR
Account Executive3,195 EUR
Accountant2,352 EUR
Accounting Assistant2,169 EUR
Accounting Associate2,279 EUR
Accounting Clerk1,674 EUR
Accounting Coordinator1,924 EUR
Accounting Manager4,432 EUR
Accounting Supervisor3,203 EUR
Accounting Technician2,109 EUR
Accounts Executive2,813 EUR
Accounts Payable and Receivable Specialist2,564 EUR
Accounts Payable Clerk1,655 EUR
Accounts Payable Manager3,545 EUR
Accounts Receivable Clerk1,798 EUR
Accounts Receivable Manager3,803 EUR
Assistant Accounting Manager2,859 EUR
Assistant Auditor2,471 EUR
Audit Supervisor4,450 EUR
Auditing Clerk2,246 EUR
Auditing Manager4,772 EUR
Billing Coordinator2,809 EUR
Billing Specialist2,659 EUR
Billing Supervisor3,195 EUR
Bookkeeper1,688 EUR
Bookkeeping Specialist2,411 EUR
Budget Analyst2,766 EUR
Budget Manager3,867 EUR
Business Support Analyst3,015 EUR
Capital Markets Associate3,559 EUR
Cash Flow Analyst3,444 EUR
Cash Management Officer3,266 EUR
Cashbook Clerk2,027 EUR
Chartered Accountant2,878 EUR
Collections Clerk1,724 EUR
Collections Specialist2,166 EUR
Corporate Treasurer5,722 EUR
Cost Accountant2,700 EUR
Cost Accounting Manager3,673 EUR
Cost Analyst3,310 EUR
Credit and Collection Manager3,744 EUR
Credit and Collection Staff1,839 EUR
Credit and Loans Officer1,967 EUR
Credit Controller3,118 EUR
Debt Adviser4,054 EUR
Debt Collector3,017 EUR
Debtors Clerk2,321 EUR
Deputy CFO5,686 EUR
Derivative Trader4,741 EUR
Escrow Assistant2,562 EUR
External Auditor3,365 EUR
Finance Associate2,667 EUR
Finance Executive5,400 EUR
Finance Licensing Clerk2,102 EUR
Finance Licensing Manager3,216 EUR
Finance Licensing Specialist2,680 EUR
Finance Officer3,618 EUR
Finance President6,968 EUR
Finance Relationship Manager4,551 EUR
Finance Release Analyst2,975 EUR
Finance Team Leader 3,716 EUR
Financial Actuary3,427 EUR
Financial Administrator2,927 EUR
Financial Analyst3,406 EUR
Financial Applications Specialist2,161 EUR
Financial Assistant2,076 EUR
Financial Associate2,431 EUR
Financial Claims Analyst2,989 EUR
Financial Claims Manager3,588 EUR
Financial Commercial Analyst3,005 EUR
Financial Compliance Analyst3,433 EUR
Financial Consultant3,128 EUR
Financial Controller3,040 EUR
Financial Coordinator2,870 EUR
Financial Customer Service Manager3,803 EUR
Financial Dealer and Broker3,045 EUR
Financial Encoder1,884 EUR
Financial Manager6,995 EUR
Financial Operations Manager4,582 EUR
Financial Policy Analyst3,295 EUR
Financial Project Manager3,284 EUR
Financial Quantitative Analyst3,789 EUR
Financial Reporting Consultant3,332 EUR
Financial Reporting Manager4,004 EUR
Financial Services Sales Agent2,870 EUR
Fixed Assets Administrator2,572 EUR
Forensic Accountant2,565 EUR
Fraud Detection Supervisor3,136 EUR
Fraud Prevention Manager4,580 EUR
Fund Accountant2,487 EUR
Grants Coordinator2,153 EUR
Internal Auditor3,599 EUR
Internal Control Adviser3,517 EUR
Internal Control Officer2,837 EUR
Inventory Accountant5,025 EUR
Investment Analyst4,425 EUR
Investment Fund Manager4,445 EUR
Investment Underwriter2,107 EUR
Investor3,128 EUR
Investor Relations Manager3,986 EUR
KYC Team Leader3,962 EUR
Management Economist3,548 EUR
Paymaster2,613 EUR
Payroll Clerk2,023 EUR
Payroll Manager3,296 EUR
Pensions Administrator2,471 EUR
Pricing Analyst3,585 EUR
Private Equity Analyst3,537 EUR
Proposal Development Coordinator2,431 EUR
Receivables Accountant2,228 EUR
Regulatory Accountant2,544 EUR
Retirement Plan Analyst3,433 EUR
Revenue Management Specialist2,756 EUR
Revenue Recognition Analyst4,271 EUR
Risk Management Director5,046 EUR
Risk Management Supervisor4,100 EUR
Tax Accountant2,396 EUR
Tax Advisor3,253 EUR
Tax Associate2,452 EUR
Tax Manager4,700 EUR
Teller1,489 EUR
Treasury Accountant2,551 EUR
Treasury Analyst3,630 EUR
Underwriter2,031 EUR
Underwriting Assistant1,779 EUR
Vice President of Finance4,831 EUR

Accounting and Finance Jobs Salary Distribution in Cyprus

Median and salary distribution monthly Cyprus Accounting and Finance

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 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.

Salary trends and forecast monthly Cyprus Accounting and Finance
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

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly CyprusWe 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

CityAverage Salary
Larnaka2,924 EUR
Limassol3,455 EUR
Nicosia3,200 EUR
2080 - 23
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