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Accounting Manager Average Salary in Denmark 2024

How much money does a person working as Accounting Manager make in Denmark?


Average Monthly Salary
60,500 DKK
( 726,000 DKK yearly)

LOW
28,400
DKK
AVERAGE
60,500
DKK
HIGH
95,600
DKK
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 as Accounting Manager in Denmark typically earns around 60,500 DKK. Salaries range from 28,400 DKK (lowest) to 95,600 DKK (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Accounting Manager salaries in Denmark vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Accounting Manager Pay Scale and Salaries in Denmark

Median and salary distribution Denmark Accounting Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
56,900 DKK or more
10% of people earn
50,000 to 56,900 DKK
20% of people earn
34,800 DKK or less
65% of people earn
34,800 to 50,000 DKK
Minimum Salary
28,400 DKK
Median
57,300 DKK
Maximum
95,600 DKK




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 for the position Accounting Manager in Denmark range from 28,400 DKK (starting salary) to 95,600 DKK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 57,300 DKK, half of the professionals who work as Accounting Manager in Denmark earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Accounting Manager in Denmark earn less than 46,400 DKK, while 75% earn more. Similarly, the chart shows that 75% earn less than 65,900 DKK while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Accounting Manager in Denmark compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 34,800 DKK to 50,000 DKK. About 20% of salaries are below the 34,800 DKK mark, while 10% fall within the range of 50,000 DKK to 56,900 DKK. Only 5% of individuals have salaries exceeding 56,900 DKK.

Salary Comparison by Years of Experience / Accounting Manager / Denmark

How do experience and age affect pay?

0 - 2 Years
32,800 DKK
2 - 5 Years+38%
45,200 DKK
5 - 10 Years+42%
64,300 DKK
10 - 15 Years+22%
78,400 DKK
15 - 20 Years+6%
82,800 DKK
20+ Years+9%
90,200 DKK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Denmark Accounting Manager
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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. We broke down salaries by experience level for people working as Accounting Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 32,800 DKK.

While someone with an experience level between two and five years is expected to earn 45,200 DKK, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 64,300 DKK, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 78,400 DKK, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 82,800 DKK, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 90,200 DKK, 9% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Accounting Manager / Denmark

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Accounting Manager.

Certificate or Diploma
39,200 DKK
Bachelor's Degree+58%
62,000 DKK
Master's Degree+39%
86,200 DKK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Denmark Accounting Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Accounting Manager in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 39,200 DKK.


Level 2: Bachelor's Degree

At this level, the average salary becomes 62,000 DKK, 58% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 86,200 DKK, 39% more than the previous level.



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 Denmark costs anywhere from 204,000 DKK to 612,000 DKK 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 to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Accounting Manager / Denmark

Salary comparison by gender Denmark Accounting Manager 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? For the people who work as Accounting Manager in Denmark, the average difference between the salary of male and female employees is 4%.

Male
61,800 DKK
Female-4%
59,200 DKK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Denmark for all Careers

Salary comparison by gender monthly Denmark
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Average Annual Salary Increment Percentage / Accounting Manager / Denmark

How much are annual salary increments in Denmark for individuals working as Accounting Manager? How often do employees get salary raises?

Individuals working as Accounting Manager in Denmark are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Denmark Accounting Manager
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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.

Denmark / All Professions

Annual Salary Increment Rate Denmark
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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 Denmark is 7%.

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 Manager / Denmark

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Denmark Accounting Manager
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15% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 85% 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
85%
No Bonus
15%

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.

Average Hourly Wage / Accounting Manager / Denmark


350 DKK per hour

The average hourly wage (pay per hour) for individuals working as Accounting Manager in Denmark is 350 DKK.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 as Accounting Manager in Denmark is 160 DKK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner21,100 DKK-65%
Account Executive37,300 DKK-38%
Accountant28,500 DKK-53%
Accounting Analyst33,300 DKK-45%
Accounting Assistant21,400 DKK-65%
Accounting Associate19,500 DKK-68%
Accounting Clerk17,100 DKK-72%
Accounting Coordinator25,400 DKK-58%
Accounting Head59,100 DKK-2%
Accounting Manager60,500 DKK+0%
Accounting Officer21,300 DKK-65%
Accounting Specialist37,300 DKK-38%
Accounting Supervisor38,000 DKK-37%
Accounting Technician20,200 DKK-67%
Accounting Unit Controller48,100 DKK-20%
Accounts Executive37,700 DKK-38%
Accounts Officer22,900 DKK-62%
Accounts Payable and Receivable Specialist29,100 DKK-52%
Accounts Payable Assistant22,100 DKK-63%
Accounts Payable Associate26,200 DKK-57%
Accounts Payable Clerk20,300 DKK-66%
Accounts Payable Manager57,100 DKK-6%
Accounts Receivable Administrator42,700 DKK-29%
Accounts Receivable Clerk20,600 DKK-66%
Accounts Receivable Financial Analyst40,600 DKK-33%
Accounts Receivable Manager57,100 DKK-6%
Accounts Receivable Team Leader40,700 DKK-33%
Algorithmic Trading Specialist50,300 DKK-17%
Assistant Accountant22,100 DKK-63%
Assistant Accounting Manager52,100 DKK-14%
Assistant Auditor28,600 DKK-53%
Assistant Corporate Controller36,600 DKK-39%
Assistant Finance Manager57,900 DKK-4%
Assistant Financial Controller38,200 DKK-37%
Audit Director63,000 DKK+4%
Audit Supervisor53,100 DKK-12%
Auditing Clerk22,900 DKK-62%
Auditing Manager56,600 DKK-6%
Billing Clerk22,300 DKK-63%
Billing Coordinator25,500 DKK-58%
Billing Specialist29,900 DKK-51%
Billing Supervisor44,800 DKK-26%
Bookkeeper18,500 DKK-69%
Bookkeeping Specialist27,500 DKK-55%
Budget Analyst46,300 DKK-23%
Budget Manager58,800 DKK-3%
Business Support Analyst32,200 DKK-47%
Capital Markets Associate44,600 DKK-26%
Cash Flow Analyst41,200 DKK-32%
Cash Management Manager57,300 DKK-5%
Cash Management Officer31,900 DKK-47%
Cashbook Clerk19,900 DKK-67%
Chartered Accountant37,500 DKK-38%
Chief Accountant40,400 DKK-33%
Chief Financial Technology Officer57,000 DKK-6%
Collections Clerk17,200 DKK-72%
Collections Representative25,500 DKK-58%
Collections Specialist29,700 DKK-51%
Corporate Controller44,100 DKK-27%
Corporate Treasurer55,700 DKK-8%
Cost Accountant27,600 DKK-54%
Cost Accounting Manager55,500 DKK-8%
Cost Accounting Supervisor47,400 DKK-22%
Cost Analyst47,200 DKK-22%
Credit and Collection Manager57,000 DKK-6%
Credit and Collection Staff21,200 DKK-65%
Credit and Loans Officer20,500 DKK-66%
Credit Controller39,200 DKK-35%
Credit Manager56,700 DKK-6%
Debt Adviser46,700 DKK-23%
Debt Collector21,800 DKK-64%
Debtors Clerk19,000 DKK-69%
Debtors Controller21,300 DKK-65%
Deputy CFO79,400 DKK+31%
Deputy Head of Finance80,700 DKK+33%
Derivative Trader47,300 DKK-22%
Director of Finance85,400 DKK+41%
E-commerce Accountant30,600 DKK-49%
Economist65,200 DKK+8%
Equity Analyst49,000 DKK-19%
Escrow Assistant25,800 DKK-57%
Executive Accountant30,700 DKK-49%
External Auditor40,400 DKK-33%
Finance Administrator32,900 DKK-46%
Finance Analyst52,000 DKK-14%
Finance Associate23,500 DKK-61%
Finance Data Analyst44,800 DKK-26%
Finance Director84,600 DKK+40%
Finance Executive61,200 DKK+1%
Finance Licensing Clerk20,100 DKK-67%
Finance Licensing Manager56,400 DKK-7%
Finance Licensing Specialist30,700 DKK-49%
Finance Manager77,000 DKK+27%
Finance Officer28,200 DKK-53%
Finance President82,100 DKK+36%
Finance Relationship Manager68,500 DKK+13%
Finance Release Analyst32,200 DKK-47%
Finance Specialist48,200 DKK-20%
Finance Team Leader 63,400 DKK+5%
Financial Accountant28,600 DKK-53%
Financial Actuary41,600 DKK-31%
Financial Administrator45,300 DKK-25%
Financial Advisor50,700 DKK-16%
Financial Analyst51,200 DKK-15%
Financial Applications Specialist34,400 DKK-43%
Financial Assistant23,500 DKK-61%
Financial Associate28,200 DKK-53%
Financial Claims Analyst38,100 DKK-37%
Financial Claims Manager48,300 DKK-20%
Financial Claims Supervisor47,500 DKK-21%
Financial Clerk21,100 DKK-65%
Financial Commercial Analyst42,200 DKK-30%
Financial Compliance Analyst47,000 DKK-22%
Financial Compliance Officer46,500 DKK-23%
Financial Consultant39,400 DKK-35%
Financial Controller44,600 DKK-26%
Financial Coordinator26,100 DKK-57%
Financial Customer Service Manager52,700 DKK-13%
Financial Data Scientist52,400 DKK-13%
Financial Dealer and Broker32,000 DKK-47%
Financial Director84,200 DKK+39%
Financial Encoder24,300 DKK-60%
Financial Manager75,700 DKK+25%
Financial Modelling Analyst48,500 DKK-20%
Financial Operations Manager71,600 DKK+18%
Financial Policy Analyst43,500 DKK-28%
Financial Project Manager57,600 DKK-5%
Financial Quantitative Analyst50,300 DKK-17%
Financial Reporting Consultant39,700 DKK-34%
Financial Reporting Manager53,600 DKK-11%
Financial Section Head51,900 DKK-14%
Financial Services Manager73,000 DKK+21%
Financial Services Sales Agent29,600 DKK-51%
Financial Technology Consultant45,000 DKK-26%
Financial Wellness Coach56,300 DKK-7%
FinTech Analyst50,100 DKK-17%
Fixed Assets Administrator29,200 DKK-52%
Forensic Accountant34,600 DKK-43%
Fraud Detection Supervisor34,100 DKK-44%
Fraud Prevention Manager59,800 DKK-1%
Fund Accountant26,900 DKK-56%
Grants Coordinator20,100 DKK-67%
Green Finance Analyst42,400 DKK-30%
Group Financial Manager78,100 DKK+29%
Internal Auditor37,000 DKK-39%
Internal Control Adviser43,500 DKK-28%
Internal Control Officer25,500 DKK-58%
International Tax Director66,300 DKK+10%
Inventory Accountant30,700 DKK-49%
Investment Advisor72,100 DKK+19%
Investment Analyst56,500 DKK-7%
Investment Associate45,600 DKK-25%
Investment Broker46,000 DKK-24%
Investment Fund Manager64,300 DKK+6%
Investment Operations Manager64,800 DKK+7%
Investment Underwriter23,500 DKK-61%
Investor36,300 DKK-40%
Investor Relations Manager54,200 DKK-10%
KYC Team Leader54,200 DKK-10%
Loan Processor23,200 DKK-62%
Management Accountant32,600 DKK-46%
Management Economist62,700 DKK+4%
Paymaster23,600 DKK-61%
Payroll Administrator35,700 DKK-41%
Payroll Benefits Coordinator31,500 DKK-48%
Payroll Billing Manager49,800 DKK-18%
Payroll Clerk25,000 DKK-59%
Payroll Manager50,400 DKK-17%
Payroll Officer25,200 DKK-58%
Payroll Specialist28,900 DKK-52%
Payroll Supervisor37,200 DKK-38%
Pensions Administrator28,500 DKK-53%
Personal Financial Advisor42,300 DKK-30%
Pricing Analyst45,700 DKK-24%
Private Equity Analyst52,300 DKK-14%
Project Accountant29,800 DKK-51%
Proposal Development Coordinator23,900 DKK-60%
Quantitative Trader39,800 DKK-34%
Receivables Accountant25,700 DKK-58%
Regulatory Accountant31,000 DKK-49%
Retirement Plan Analyst44,100 DKK-27%
Revenue Management Specialist48,600 DKK-20%
Revenue Recognition Analyst50,300 DKK-17%
Risk Management Director65,500 DKK+8%
Risk Management Supervisor57,100 DKK-6%
Staff Accountant26,000 DKK-57%
Tax Accountant27,700 DKK-54%
Tax Administrator30,100 DKK-50%
Tax Advisor45,000 DKK-26%
Tax Analyst43,200 DKK-29%
Tax Associate23,900 DKK-60%
Tax Consultant43,100 DKK-29%
Tax Director66,400 DKK+10%
Tax Examiner30,500 DKK-50%
Tax Manager56,600 DKK-6%
Tax Research Manager59,900 DKK-1%
Teller16,800 DKK-72%
Treasury Accountant29,500 DKK-51%
Treasury Analyst48,700 DKK-19%
Underwriter19,600 DKK-68%
Underwriting Assistant19,500 DKK-68%
Vice President of Finance75,900 DKK+25%

Salary Comparison By City

CityAverage Salary
Copenhagen64,700 DKK

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 Denmark is 6% on average across all career fields.

Private Sector
39,700 DKK
Public Sector+6%
42,000 DKK
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 for the job title Accounting Manager in Denmark?

A good and competitive compensation would range anywhere between 57,300 DKK and 65,900 DKK. 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 a careers like Accounting Manager in Denmark ranges from 28,400 DKK to 46,400 DKK. 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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