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Accounting Manager Average Salary in Finland 2020

How much money does an Accounting Manager make in Finland?


Average Monthly Salary
6,110 EUR
( 73,300 EUR yearly)

LOW
3,240
EUR
AVERAGE
6,110
EUR
HIGH
9,280
EUR

A person working as an Accounting Manager in Finland typically earns around 6,110 EUR per month. Salaries range from 3,240 EUR (lowest) to 9,280 EUR (highest).

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

Accounting Manager Salary Distribution in Finland

Median and salary distribution monthly Finland Accounting Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting Manager salaries in Finland range from 3,240 EUR per month (minimum salary) to 9,280 EUR per month (maximum salary).

  • Median Salary

    The median salary is 5,740 EUR per month, which means that half (50%) of people working as Accounting Manager(s) are earning less than 5,740 EUR while the other half are earning more than 5,740 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Accounting Manager(s) are earning less than 4,040 EUR while 75% of them are earning more than 4,040 EUR. Also from the diagram, 75% of Accounting Manager(s) are earning less than 7,060 EUR while 25% are earning more than 7,060 EUR.


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

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 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

Accounting Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Finland 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 your wage. We broke down Accounting Manager salaries by experience level and this is what we found.

An Accounting Manager with less than two years of experience makes approximately 3,720 EUR per month.

While someone with an experience level between two and five years is expected to earn 4,570 EUR per month, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 6,470 EUR per month, 42% more than someone with two to five 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.

Additionally, Accounting Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 7,560 EUR per month, 17% 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 8,310 EUR per month, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 8,800 EUR per month, 6% more than people with fifteen to twenty years of experience.


Accounting Manager average salary change by experience in Finland

0 - 2 Years
3,720 EUR
2 - 5 Years+23%
4,570 EUR
5 - 10 Years+42%
6,470 EUR
10 - 15 Years+17%
7,560 EUR
15 - 20 Years+10%
8,310 EUR
20+ Years+6%
8,800 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Accounting Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Accounting Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Finland 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 Accounting Manager salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Accounting Manager is 4,570 EUR per month.

While someone with a Bachelor's Degree gets a salary of 5,900 EUR per month, 29% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 8,440 EUR per month, 43% more than someone with a Bachelor's Degree.


Accounting Manager average salary difference by education level in Finland

Certificate or Diploma
4,570 EUR
Bachelor's Degree+29%
5,900 EUR
Master's Degree+43%
8,440 EUR
Percentage increase and decrease are relative to the previous value

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 Finland costs anywhere from 23,600 Euro(s) to 70,900 Euro(s) 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 into a higher paying job. The numbers seem to support the thoery. 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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Accounting Manager Salary Comparison By Gender

Salary comparison by gender monthly Finland Accounting Manager
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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? Male Accounting Manager employees in Finland earn 4% more than their female counterparts.

Female
5,970 EUR
Male+4%
6,240 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Finland for all Careers

Salary comparison by gender monthly Finland
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Accounting Manager Average Annual Salary Increment Percentage in Finland

How much are annual salary increments in Finland for Accounting Manager(s)? How often do employees get salary raises?

Accounting Manager

Accounting Manager(s) in Finland are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Finland 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.

Finland / All Professions

Annual Salary Increment Rate Finland
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The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Finland is 6%.

Annual Increment Rate By Industry 2019

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in Finland for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Accounting Manager Bonus and Incentive Rates in Finland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Finland Accounting Manager
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An Accounting Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

21% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 79% 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
79%
No Bonus
21%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Finland
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Where can you get paid more, working for a private company or for the government? Public sector Accounting Manager employees in Finland earn 5% more than their private sector counterparts.

Private Sector
4,610 EUR
Public Sector+5%
4,830 EUR
Percentage increase and decrease are relative to the previous value

Accounting Manager Salary Trend and Forecast in Finland

How are Accounting Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Finland Accounting Manager
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Average Salary 2016
5,520 EUR
Average Salary 2017+4%
5,720 EUR
Average Salary 2018+2%
5,810 EUR
Average Salary 2019+2%
5,940 EUR
Percentage increase and decrease are relative to the previous value

Accounting Manager salaries in Finland are on the rise in the year 2020 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 continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Accounting Manager Average Hourly Wage in Finland


35 EUR per hour

The average hourly wage (pay per hour) in Finland is 35 EUR. This means that the average Accounting Manager in Finland earns approximately 35 EUR for every worked hour.


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

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 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 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.

Accounting Manager VS Other Jobs

Salary Comparison Between Accounting Manager and Accounting and Finance monthly Finland
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The average salary for Accounting Manager is 33% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner2,750 EUR-55%
Account Executive4,500 EUR-26%
Accountant3,080 EUR-50%
Accounting Assistant2,890 EUR-53%
Accounting Associate3,220 EUR-47%
Accounting Clerk2,270 EUR-63%
Accounting Coordinator2,470 EUR-60%
Accounting Manager6,110 EUR+0%
Accounting Supervisor4,240 EUR-31%
Accounting Technician2,810 EUR-54%
Accounts Executive3,920 EUR-36%
Accounts Payable and Receivable Specialist3,440 EUR-44%
Accounts Payable Clerk2,320 EUR-62%
Accounts Payable Manager4,570 EUR-25%
Accounts Receivable Clerk2,610 EUR-57%
Accounts Receivable Manager5,080 EUR-17%
Assistant Accounting Manager3,930 EUR-36%
Assistant Auditor3,300 EUR-46%
Audit Supervisor5,850 EUR-4%
Auditing Clerk2,950 EUR-52%
Auditing Manager6,080 EUR-0%
Billing Coordinator3,660 EUR-40%
Billing Specialist3,350 EUR-45%
Billing Supervisor4,280 EUR-30%
Bookkeeper2,300 EUR-62%
Bookkeeping Specialist3,210 EUR-47%
Budget Analyst3,830 EUR-37%
Budget Manager5,450 EUR-11%
Business Support Analyst4,030 EUR-34%
Capital Markets Associate4,610 EUR-25%
Cash Flow Analyst4,470 EUR-27%
Cash Management Officer4,390 EUR-28%
Cashbook Clerk2,780 EUR-54%
Chartered Accountant3,930 EUR-36%
Collections Clerk2,250 EUR-63%
Collections Specialist2,910 EUR-52%
Corporate Treasurer7,700 EUR+26%
Cost Accountant3,580 EUR-41%
Cost Accounting Manager5,020 EUR-18%
Cost Analyst4,610 EUR-25%
Credit and Collection Manager5,280 EUR-14%
Credit and Collection Staff2,670 EUR-56%
Credit and Loans Officer2,520 EUR-59%
Credit Controller4,530 EUR-26%
Debt Adviser5,500 EUR-10%
Debt Collector3,770 EUR-38%
Debtors Clerk3,160 EUR-48%
Deputy CFO7,500 EUR+23%
Derivative Trader6,270 EUR+3%
Escrow Assistant3,750 EUR-39%
External Auditor4,810 EUR-21%
Finance Associate3,510 EUR-43%
Finance Executive7,720 EUR+26%
Finance Licensing Clerk2,890 EUR-53%
Finance Licensing Manager4,500 EUR-26%
Finance Licensing Specialist3,450 EUR-43%
Finance Officer5,060 EUR-17%
Finance President8,900 EUR+46%
Finance Relationship Manager6,020 EUR-1%
Finance Release Analyst4,060 EUR-34%
Finance Team Leader 4,760 EUR-22%
Financial Actuary4,590 EUR-25%
Financial Administrator3,990 EUR-35%
Financial Analyst4,710 EUR-23%
Financial Applications Specialist3,090 EUR-49%
Financial Assistant2,730 EUR-55%
Financial Associate3,290 EUR-46%
Financial Claims Analyst4,160 EUR-32%
Financial Claims Manager5,060 EUR-17%
Financial Commercial Analyst3,940 EUR-35%
Financial Compliance Analyst4,510 EUR-26%
Financial Consultant4,270 EUR-30%
Financial Controller4,060 EUR-34%
Financial Coordinator3,760 EUR-38%
Financial Customer Service Manager5,570 EUR-9%
Financial Dealer and Broker4,140 EUR-32%
Financial Encoder2,650 EUR-57%
Financial Manager8,740 EUR+43%
Financial Operations Manager6,570 EUR+8%
Financial Policy Analyst4,610 EUR-25%
Financial Project Manager4,490 EUR-26%
Financial Quantitative Analyst4,720 EUR-23%
Financial Reporting Consultant4,630 EUR-24%
Financial Reporting Manager5,600 EUR-8%
Financial Services Sales Agent4,090 EUR-33%
Fixed Assets Administrator3,690 EUR-40%
Forensic Accountant3,390 EUR-44%
Fraud Detection Supervisor4,230 EUR-31%
Fraud Prevention Manager6,280 EUR+3%
Fund Accountant3,140 EUR-49%
Grants Coordinator3,040 EUR-50%
Internal Auditor4,750 EUR-22%
Internal Control Adviser4,740 EUR-22%
Internal Control Officer3,890 EUR-36%
Inventory Accountant7,030 EUR+15%
Investment Analyst5,780 EUR-5%
Investment Fund Manager6,050 EUR-1%
Investment Underwriter2,640 EUR-57%
Investor4,380 EUR-28%
Investor Relations Manager5,680 EUR-7%
KYC Team Leader5,280 EUR-14%
Management Economist5,060 EUR-17%
Paymaster3,420 EUR-44%
Payroll Clerk2,690 EUR-56%
Payroll Manager4,460 EUR-27%
Pensions Administrator3,520 EUR-42%
Pricing Analyst4,850 EUR-21%
Private Equity Analyst5,200 EUR-15%
Proposal Development Coordinator3,470 EUR-43%
Receivables Accountant3,060 EUR-50%
Regulatory Accountant3,520 EUR-42%
Retirement Plan Analyst4,630 EUR-24%
Revenue Management Specialist3,780 EUR-38%
Revenue Recognition Analyst5,850 EUR-4%
Risk Management Director7,430 EUR+22%
Risk Management Supervisor5,560 EUR-9%
Tax Accountant3,210 EUR-47%
Tax Advisor4,440 EUR-27%
Tax Associate3,340 EUR-45%
Tax Manager6,480 EUR+6%
Teller2,120 EUR-65%
Treasury Accountant3,460 EUR-43%
Treasury Analyst4,850 EUR-21%
Underwriter2,780 EUR-54%
Underwriting Assistant2,480 EUR-59%
Vice President of Finance6,510 EUR+7%

Salary Comparison By City

CityAverage Salary
Helsinki6,520 EUR
0 - 0

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