How much money does a person working in Accounting and Finance make in Copenhagen?
Average Monthly Salary
45,100 DKK
( 541,000 DKK yearly)
LOW
18,100
DKK
AVERAGE
45,100
DKK
HIGH
89,900
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 in Accounting and Finance in Copenhagen typically earns around 45,100 DKK. Salaries range from 18,100 DKK (lowest average) to 89,900 DKK (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 Copenhagen 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
Accounting and Finance | |
Account Examiner | 23,300 DKK |
Account Executive | 38,000 DKK |
Accountant | 30,100 DKK |
Accounting Analyst | 36,700 DKK |
|
Accounting Assistant | 24,200 DKK |
Accounting Associate | 23,100 DKK |
Accounting Clerk | 18,800 DKK |
Accounting Coordinator | 28,000 DKK |
Accounting Head | 60,200 DKK |
Accounting Manager | 64,700 DKK |
Accounting Officer | 22,900 DKK |
Accounting Specialist | 43,100 DKK |
Accounting Supervisor | 42,500 DKK |
Accounting Technician | 22,400 DKK |
Accounting Unit Controller | 51,600 DKK |
Accounts Executive | 38,800 DKK |
Accounts Officer | 23,200 DKK |
Accounts Payable and Receivable Specialist | 30,100 DKK |
Accounts Payable Assistant | 23,800 DKK |
Accounts Payable Associate | 27,200 DKK |
Accounts Payable Clerk | 23,300 DKK |
Accounts Payable Manager | 63,800 DKK |
Accounts Receivable Administrator | 46,500 DKK |
Accounts Receivable Clerk | 22,400 DKK |
Accounts Receivable Financial Analyst | 45,300 DKK |
Accounts Receivable Manager | 60,400 DKK |
Accounts Receivable Team Leader | 44,200 DKK |
Algorithmic Trading Specialist | 52,000 DKK |
Assistant Accountant | 24,700 DKK |
Assistant Accounting Manager | 58,700 DKK |
Assistant Auditor | 30,700 DKK |
Assistant Corporate Controller | 43,100 DKK |
Assistant Finance Manager | 67,300 DKK |
Assistant Financial Controller | 41,800 DKK |
Audit Director | 72,700 DKK |
Audit Supervisor | 53,900 DKK |
Auditing Clerk | 23,200 DKK |
Auditing Manager | 62,700 DKK |
Billing Clerk | 24,200 DKK |
Billing Coordinator | 27,000 DKK |
Billing Specialist | 31,700 DKK |
Billing Supervisor | 45,600 DKK |
Bookkeeper | 20,300 DKK |
Bookkeeping Specialist | 30,600 DKK |
Budget Analyst | 54,500 DKK |
Budget Manager | 60,800 DKK |
Business Support Analyst | 34,600 DKK |
Capital Markets Associate | 47,300 DKK |
Cash Flow Analyst | 45,900 DKK |
Cash Management Manager | 62,000 DKK |
Cash Management Officer | 37,100 DKK |
Cashbook Clerk | 21,800 DKK |
Chartered Accountant | 38,400 DKK |
Chief Accountant | 44,800 DKK |
Chief Financial Technology Officer | 61,400 DKK |
Collections Clerk | 19,300 DKK |
Collections Representative | 26,000 DKK |
Collections Specialist | 32,300 DKK |
Corporate Controller | 49,500 DKK |
Corporate Treasurer | 60,600 DKK |
Cost Accountant | 29,800 DKK |
Cost Accounting Manager | 58,600 DKK |
Cost Accounting Supervisor | 50,200 DKK |
Cost Analyst | 48,500 DKK |
Credit and Collection Manager | 58,900 DKK |
Credit and Collection Staff | 23,000 DKK |
Credit and Loans Officer | 22,700 DKK |
Credit Controller | 44,600 DKK |
Credit Manager | 67,300 DKK |
Debt Adviser | 53,000 DKK |
Debt Collector | 24,100 DKK |
Debtors Clerk | 21,900 DKK |
Debtors Controller | 22,900 DKK |
Deputy CFO | 86,000 DKK |
Deputy Head of Finance | 82,600 DKK |
Derivative Trader | 52,900 DKK |
Director of Finance | 95,400 DKK |
E-commerce Accountant | 31,400 DKK |
Economist | 71,100 DKK |
Equity Analyst | 56,800 DKK |
Escrow Assistant | 26,900 DKK |
Executive Accountant | 35,300 DKK |
External Auditor | 43,600 DKK |
Finance Administrator | 37,400 DKK |
Finance Analyst | 56,100 DKK |
Finance Associate | 26,000 DKK |
Finance Data Analyst | 48,700 DKK |
Finance Director | 90,800 DKK |
Finance Executive | 66,000 DKK |
Finance Licensing Clerk | 22,700 DKK |
Finance Licensing Manager | 61,800 DKK |
Finance Licensing Specialist | 32,700 DKK |
Finance Manager | 88,900 DKK |
Finance Officer | 30,900 DKK |
Finance President | 95,400 DKK |
Finance Relationship Manager | 70,500 DKK |
Finance Release Analyst | 35,300 DKK |
Finance Specialist | 48,900 DKK |
Finance Team Leader | 70,000 DKK |
Financial Accountant | 30,700 DKK |
Financial Actuary | 46,100 DKK |
Financial Administrator | 50,500 DKK |
Financial Advisor | 55,300 DKK |
Financial Analyst | 58,300 DKK |
Financial Applications Specialist | 39,700 DKK |
Financial Assistant | 23,800 DKK |
Financial Associate | 24,100 DKK |
Financial Associate | 30,000 DKK |
Financial Claims Analyst | 41,900 DKK |
Financial Claims Manager | 57,100 DKK |
Financial Claims Supervisor | 49,400 DKK |
Financial Clerk | 22,800 DKK |
Financial Commercial Analyst | 44,400 DKK |
Financial Compliance Analyst | 47,700 DKK |
Financial Compliance Officer | 49,200 DKK |
Financial Consultant | 40,300 DKK |
Financial Controller | 50,500 DKK |
Financial Controller | 48,500 DKK |
Financial Coordinator | 27,900 DKK |
Financial Customer Service Manager | 55,100 DKK |
Financial Data Scientist | 59,500 DKK |
Financial Dealer and Broker | 34,000 DKK |
Financial Director | 87,200 DKK |
Financial Encoder | 26,100 DKK |
Financial Manager | 83,600 DKK |
Financial Manager | 82,800 DKK |
Financial Modelling Analyst | 53,500 DKK |
Financial Operations Manager | 78,400 DKK |
Financial Policy Analyst | 49,100 DKK |
Financial Project Manager | 60,800 DKK |
Financial Quantitative Analyst | 52,900 DKK |
Financial Reporting Consultant | 44,400 DKK |
Financial Reporting Manager | 60,600 DKK |
Financial Section Head | 57,600 DKK |
Financial Services Manager | 78,400 DKK |
Financial Services Sales Agent | 32,600 DKK |
Financial Technology Consultant | 48,400 DKK |
Financial Wellness Coach | 65,000 DKK |
FinTech Analyst | 50,800 DKK |
Fixed Assets Administrator | 32,000 DKK |
Forensic Accountant | 35,600 DKK |
Fraud Detection Supervisor | 38,300 DKK |
Fraud Prevention Manager | 65,300 DKK |
Fund Accountant | 28,500 DKK |
Grants Coordinator | 23,800 DKK |
Green Finance Analyst | 46,200 DKK |
Group Financial Manager | 92,700 DKK |
Internal Auditor | 42,800 DKK |
Internal Control Adviser | 48,800 DKK |
Internal Control Officer | 27,900 DKK |
International Tax Director | 71,500 DKK |
Inventory Accountant | 33,600 DKK |
Investment Advisor | 82,300 DKK |
Investment Analyst | 62,600 DKK |
Investment Associate | 50,600 DKK |
Investment Broker | 49,500 DKK |
Investment Fund Manager | 69,300 DKK |
Investment Operations Manager | 67,900 DKK |
Investment Underwriter | 27,200 DKK |
Investor | 41,100 DKK |
Investor Relations Manager | 59,600 DKK |
KYC Team Leader | 61,300 DKK |
Loan Processor | 24,500 DKK |
Management Accountant | 34,300 DKK |
Management Economist | 69,000 DKK |
Paymaster | 24,800 DKK |
Payroll Administrator | 40,900 DKK |
Payroll Benefits Coordinator | 33,600 DKK |
Payroll Billing Manager | 57,300 DKK |
Payroll Clerk | 27,900 DKK |
Payroll Manager | 54,500 DKK |
Payroll Officer | 28,100 DKK |
Payroll Specialist | 31,400 DKK |
Payroll Supervisor | 39,200 DKK |
Pensions Administrator | 31,400 DKK |
Personal Financial Advisor | 46,700 DKK |
Pricing Analyst | 49,400 DKK |
Private Equity Analyst | 57,300 DKK |
Project Accountant | 33,700 DKK |
Proposal Development Coordinator | 26,300 DKK |
Quantitative Trader | 43,200 DKK |
Receivables Accountant | 29,000 DKK |
Regulatory Accountant | 35,400 DKK |
Retirement Plan Analyst | 49,500 DKK |
Revenue Management Specialist | 53,000 DKK |
Revenue Recognition Analyst | 59,700 DKK |
Risk Management Director | 75,300 DKK |
Risk Management Supervisor | 63,800 DKK |
Staff Accountant | 28,800 DKK |
Tax Accountant | 28,200 DKK |
Tax Administrator | 35,000 DKK |
Tax Advisor | 46,100 DKK |
Tax Analyst | 47,500 DKK |
Tax Associate | 26,100 DKK |
Tax Consultant | 51,000 DKK |
Tax Director | 69,100 DKK |
Tax Examiner | 34,000 DKK |
Tax Manager | 61,500 DKK |
Tax Research Manager | 63,400 DKK |
Teller | 19,000 DKK |
Treasury Accountant | 32,400 DKK |
Treasury Analyst | 51,500 DKK |
Underwriter | 20,700 DKK |
Underwriting Assistant | 20,100 DKK |
Vice President of Finance | 85,100 DKK |
Accounting and Finance Jobs Pay Scale and Salaries in Copenhagen
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/denmark/copenhagen/accounting-and-finance/median-and-salary-distribution-monthly-copenhagen-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
48,700 DKK or more
10% of people earn
41,200 to 48,700 DKK
20% of people earn
24,800 DKK or less
65% of people earn
24,800 to 41,200 DKK
Minimum Salary 18,100 DKK |
Median 42,700 DKK |
Maximum 89,900 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 in Accounting and Finance in Copenhagen range from 18,100 DKK (starting average salary) to 89,900 DKK (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 42,700 DKK, implying that half of the workforce in Copenhagen 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 Copenhagen earn less than 33,400 DKK, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 51,600 DKK, 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 Copenhagen. The analysis revealed that roughly 65% of all reported salaries fell within the range of 24,800 DKK to 41,200 DKK. Approximately 20% of salaries were below the 24,800 DKK mark, while 10% ranged from 41,200 DKK to 48,700 DKK. Only 5% of individuals earned a gross salary of 48,700 DKK or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 Copenhagen 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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 Copenhagen, 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 Denmark costs anywhere from 204,000 DKK to 612,000 DKK 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 / Copenhagen
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/denmark/accounting-and-finance/salary-comparison-by-gender-monthly-denmark-accounting-and-finance.jpg 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 Denmark, the average difference between the salary of male and female employees is 4%.
Male | | 43,100 DKK |
Female | -4% | 41,300 DKK |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Denmark for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/denmark/salary-comparison-by-gender-monthly-denmark.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Copenhagen
How much are annual salary increments in Copenhagen for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Denmark are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/denmark/accounting-and-finance/annual-salary-increment-rate-denmark-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/denmark/annual-salary-increment-rate-denmark.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 / Denmark
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/denmark/accounting-and-finance/annual-salary-bonus-rate-denmark-accounting-and-finance.jpg
100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
Received Bonus | | % |
No Bonus | | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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 / Copenhagen
260 DKK
per hour The average hourly wage (pay per hour) in Accounting and Finance in Copenhagen is 260 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 in Accounting and Finance in Copenhagen is 100 DKK. 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
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 in Accounting and Finance in Copenhagen?
A good and competitive compensation would range anywhere between 42,700 DKK and 51,600 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 jobs in Accounting and Finance in Copenhagen ranges from 18,100 DKK to 33,400 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