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Accounting and Finance Average Salaries in Czech Republic 2024

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


Average Monthly Salary
63,200 CZK
( 759,000 CZK yearly)

LOW
25,400
CZK
AVERAGE
63,200
CZK
HIGH
126,000
CZK
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Accounting and Finance in Czech Republic typically earns around 63,200 CZK. Salaries range from 25,400 CZK (lowest average) to 126,000 CZK (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Czech Republic exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounting and Finance
Account Examiner30,700 CZK
Account Executive52,300 CZK
Accountant42,900 CZK
Accounting Analyst54,800 CZK
Accounting Assistant32,200 CZK
Accounting Associate31,600 CZK
Accounting Clerk25,700 CZK
Accounting Coordinator36,800 CZK
Accounting Head82,900 CZK
Accounting Manager90,600 CZK
Accounting Officer31,700 CZK
Accounting Specialist55,500 CZK
Accounting Supervisor61,200 CZK
Accounting Technician28,900 CZK
Accounting Unit Controller71,500 CZK
Accounts Executive54,900 CZK
Accounts Officer34,000 CZK
Accounts Payable and Receivable Specialist44,900 CZK
Accounts Payable Assistant33,500 CZK
Accounts Payable Associate38,300 CZK
Accounts Payable Clerk30,400 CZK
Accounts Payable Manager85,500 CZK
Accounts Receivable Administrator59,200 CZK
Accounts Receivable Clerk30,800 CZK
Accounts Receivable Financial Analyst60,600 CZK
Accounts Receivable Manager85,200 CZK
Accounts Receivable Team Leader63,800 CZK
Algorithmic Trading Specialist77,700 CZK
Assistant Accountant31,500 CZK
Assistant Accounting Manager82,700 CZK
Assistant Auditor40,400 CZK
Assistant Corporate Controller59,500 CZK
Assistant Finance Manager84,800 CZK
Assistant Financial Controller56,200 CZK
Audit Director98,500 CZK
Audit Supervisor78,900 CZK
Auditing Clerk34,000 CZK
Auditing Manager92,400 CZK
Billing Clerk30,900 CZK
Billing Coordinator39,100 CZK
Billing Specialist43,200 CZK
Billing Supervisor66,000 CZK
Bookkeeper27,200 CZK
Bookkeeping Specialist39,400 CZK
Budget Analyst75,300 CZK
Budget Manager86,400 CZK
Business Support Analyst45,600 CZK
Capital Markets Associate62,900 CZK
Cash Flow Analyst66,900 CZK
Cash Management Manager84,000 CZK
Cash Management Officer46,700 CZK
Cashbook Clerk28,900 CZK
Chartered Accountant55,000 CZK
Chief Accountant66,000 CZK
Chief Financial Technology Officer86,400 CZK
Collections Clerk25,900 CZK
Collections Representative37,600 CZK
Collections Specialist43,300 CZK
Corporate Controller70,500 CZK
Corporate Treasurer81,200 CZK
Cost Accountant44,000 CZK
Cost Accounting Manager80,800 CZK
Cost Accounting Supervisor67,400 CZK
Cost Analyst68,600 CZK
Credit and Collection Manager83,800 CZK
Credit and Collection Staff31,700 CZK
Credit and Loans Officer29,800 CZK
Credit Controller60,900 CZK
Credit Manager90,900 CZK
Debt Adviser69,600 CZK
Debt Collector35,900 CZK
Debtors Clerk29,600 CZK
Debtors Controller31,700 CZK
Deputy CFO117,000 CZK
Deputy Head of Finance118,000 CZK
Derivative Trader76,300 CZK
Director of Finance121,000 CZK
E-commerce Accountant42,700 CZK
Economist96,700 CZK
Equity Analyst72,300 CZK
Escrow Assistant37,300 CZK
Executive Accountant48,400 CZK
External Auditor59,700 CZK
Finance Administrator51,600 CZK
Finance Analyst73,100 CZK
Finance Associate36,900 CZK
Finance Data Analyst70,300 CZK
Finance Director120,000 CZK
Finance Executive90,500 CZK
Finance Licensing Clerk31,900 CZK
Finance Licensing Manager81,100 CZK
Finance Licensing Specialist44,000 CZK
Finance Manager120,000 CZK
Finance Officer40,500 CZK
Finance President126,000 CZK
Finance Relationship Manager94,900 CZK
Finance Release Analyst47,400 CZK
Finance Specialist68,100 CZK
Finance Team Leader 92,000 CZK
Financial Accountant42,600 CZK
Financial Actuary64,700 CZK
Financial Administrator70,000 CZK
Financial Advisor79,000 CZK
Financial Analyst75,800 CZK
Financial Applications Specialist51,100 CZK
Financial Assistant34,900 CZK
Financial Associate35,200 CZK
Financial Associate39,900 CZK
Financial Claims Analyst55,700 CZK
Financial Claims Manager78,000 CZK
Financial Claims Supervisor69,400 CZK
Financial Clerk33,300 CZK
Financial Commercial Analyst63,400 CZK
Financial Compliance Analyst69,800 CZK
Financial Compliance Officer66,000 CZK
Financial Consultant57,700 CZK
Financial Controller67,000 CZK
Financial Controller65,900 CZK
Financial Coordinator37,200 CZK
Financial Customer Service Manager76,500 CZK
Financial Data Scientist82,100 CZK
Financial Dealer and Broker47,500 CZK
Financial Director130,000 CZK
Financial Encoder36,200 CZK
Financial Manager113,000 CZK
Financial Manager125,000 CZK
Financial Modelling Analyst76,000 CZK
Financial Operations Manager111,000 CZK
Financial Policy Analyst68,500 CZK
Financial Project Manager83,800 CZK
Financial Quantitative Analyst71,900 CZK
Financial Reporting Consultant61,000 CZK
Financial Reporting Manager84,500 CZK
Financial Section Head80,800 CZK
Financial Services Manager109,000 CZK
Financial Services Sales Agent46,800 CZK
Financial Technology Consultant63,700 CZK
Financial Wellness Coach88,000 CZK
FinTech Analyst70,700 CZK
Fixed Assets Administrator45,200 CZK
Forensic Accountant47,900 CZK
Fraud Detection Supervisor54,500 CZK
Fraud Prevention Manager86,600 CZK
Fund Accountant38,800 CZK
Grants Coordinator32,500 CZK
Green Finance Analyst62,900 CZK
Group Financial Manager125,000 CZK
Internal Auditor54,500 CZK
Internal Control Adviser69,600 CZK
Internal Control Officer37,000 CZK
International Tax Director106,000 CZK
Inventory Accountant44,100 CZK
Investment Advisor115,000 CZK
Investment Analyst81,400 CZK
Investment Associate71,000 CZK
Investment Broker73,200 CZK
Investment Fund Manager90,200 CZK
Investment Operations Manager93,300 CZK
Investment Underwriter36,400 CZK
Investor57,300 CZK
Investor Relations Manager85,500 CZK
KYC Team Leader81,300 CZK
Loan Processor35,500 CZK
Management Accountant46,600 CZK
Management Economist99,000 CZK
Paymaster35,400 CZK
Payroll Administrator56,600 CZK
Payroll Benefits Coordinator47,100 CZK
Payroll Billing Manager74,600 CZK
Payroll Clerk35,900 CZK
Payroll Manager79,600 CZK
Payroll Officer37,700 CZK
Payroll Specialist43,100 CZK
Payroll Supervisor53,200 CZK
Pensions Administrator45,000 CZK
Personal Financial Advisor64,500 CZK
Pricing Analyst72,200 CZK
Private Equity Analyst71,500 CZK
Project Accountant44,700 CZK
Proposal Development Coordinator37,800 CZK
Quantitative Trader59,400 CZK
Receivables Accountant40,900 CZK
Regulatory Accountant45,900 CZK
Retirement Plan Analyst70,500 CZK
Revenue Management Specialist70,300 CZK
Revenue Recognition Analyst76,800 CZK
Risk Management Director103,000 CZK
Risk Management Supervisor81,300 CZK
Staff Accountant40,400 CZK
Tax Accountant40,800 CZK
Tax Administrator44,100 CZK
Tax Advisor66,000 CZK
Tax Analyst63,200 CZK
Tax Associate35,100 CZK
Tax Consultant69,700 CZK
Tax Director97,000 CZK
Tax Examiner46,000 CZK
Tax Manager88,800 CZK
Tax Research Manager85,100 CZK
Teller26,300 CZK
Treasury Accountant44,200 CZK
Treasury Analyst72,700 CZK
Underwriter28,500 CZK
Underwriting Assistant28,400 CZK
Vice President of Finance121,000 CZK


Accounting and Finance Jobs Pay Scale and Salaries in Czech Republic

Median and salary distribution Czech Republic Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
64,300 CZK or more
10% of people earn
54,400 to 64,300 CZK
20% of people earn
32,800 CZK or less
65% of people earn
32,800 to 54,400 CZK
Minimum Salary
25,400 CZK
Median
56,400 CZK
Maximum
126,000 CZK




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Czech Republic range from 25,400 CZK (starting average salary) to 126,000 CZK (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 56,400 CZK, implying that half of the workforce in Czech Republic earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Czech Republic earn less than 44,200 CZK, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 68,100 CZK, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Czech Republic. The analysis revealed that roughly 65% of all reported salaries fell within the range of 32,800 CZK to 54,400 CZK. Approximately 20% of salaries were below the 32,800 CZK mark, while 10% ranged from 54,400 CZK to 64,300 CZK. Only 5% of individuals earned a gross salary of 64,300 CZK or higher.

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 in Accounting and Finance in Czech Republic 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.

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.


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.
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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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.

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 degree levels across many jobs in Accounting and Finance in Czech Republic, below are our findings.

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 certificate 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 Czech Republic costs anywhere from 306,000 CZK to 917,000 CZK and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Accounting and Finance / Czech Republic

Salary comparison by gender Czech Republic Accounting and Finance monthly
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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? In the field of Accounting and Finance in Czech Republic, the average difference between the salary of male and female employees is 6%.

Male
65,200 CZK
Female-5%
61,600 CZK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Czech Republic for all Careers

Salary comparison by gender monthly Czech Republic
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Average Annual Salary Increment Percentage / Accounting and Finance / Czech Republic

How much are annual salary increments in Czech Republic for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in Czech Republic are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Czech Republic 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.

Czech Republic / All Professions

Annual Salary Increment Rate Czech Republic
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Czech Republic is 5%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Accounting and Finance / Czech Republic

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Czech Republic Accounting and Finance
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25% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 75% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
75%
No Bonus
25%

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.

Hourly Average Wage / Accounting and Finance / Czech Republic


360 CZK per hour

The average hourly wage (pay per hour) in Accounting and Finance in Czech Republic is 360 CZK.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Accounting and Finance in Czech Republic is 150 CZK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Prague66,000 CZK

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Czech Republic is 7% on average across all career fields.

Private Sector
59,300 CZK
Public Sector+7%
63,600 CZK
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Czech Republic?

A good and competitive compensation would range anywhere between 56,400 CZK and 68,100 CZK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Accounting and Finance in Czech Republic ranges from 25,400 CZK to 44,200 CZK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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