A person working as a Chartered Accountant in Finland typically earns around 3,930 EUR per month. Salaries range from 1,890 EUR (lowest) to 6,170 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Chartered Accountant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chartered Accountant salaries in Finland range from 1,890 EUR per month (minimum salary) to 6,170 EUR per month (maximum salary).
The median salary is 4,090 EUR per month, which means that half (50%) of people working as Chartered Accountant(s) are earning less than 4,090 EUR while the other half are earning more than 4,090 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 Chartered Accountant(s) are earning less than 2,690 EUR while 75% of them are earning more than 2,690 EUR. Also from the diagram, 75% of Chartered Accountant(s) are earning less than 5,330 EUR while 25% are earning more than 5,330 EUR.
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
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 Chartered Accountant salaries by experience level and this is what we found.
A Chartered Accountant with less than two years of experience makes approximately 2,210 EUR per month.
While someone with an experience level between two and five years is expected to earn 3,130 EUR per month, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,110 EUR per month, 31% more than someone with two to five years of experience.
Additionally, Chartered Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,060 EUR per month, 23% 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 5,380 EUR per month, 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 5,890 EUR per month, 10% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+42%|
|5 - 10 Years||+31%|
|10 - 15 Years||+23%|
|15 - 20 Years||+6%|
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 Chartered Accountant salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of a Chartered Accountant is 2,740 EUR per month.
While someone with a Bachelor's Degree gets a salary of 4,370 EUR per month, 59% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 5,830 EUR per month, 33% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Chartered Accountant employees in Finland earn 4% more than their female counterparts.
Chartered Accountant(s) in Finland are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
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.
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
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.
A Chartered Accountant is considered to be a moderate 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.
42% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 58% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
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.
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.
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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector Chartered Accountant employees in Finland earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+2%|
Chartered Accountant 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.
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.
The average salary for Chartered Accountant is 14% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||2,750 EUR||-30%|
|Account Executive||4,500 EUR||+15%|
|Accounting Assistant||2,890 EUR||-26%|
|Accounting Associate||3,220 EUR||-18%|
|Accounting Clerk||2,270 EUR||-42%|
|Accounting Coordinator||2,470 EUR||-37%|
|Accounting Manager||6,110 EUR||+55%|
|Accounting Supervisor||4,240 EUR||+8%|
|Accounting Technician||2,810 EUR||-28%|
|Accounts Executive||3,920 EUR||-0%|
|Accounts Payable and Receivable Specialist||3,440 EUR||-12%|
|Accounts Payable Clerk||2,320 EUR||-41%|
|Accounts Payable Manager||4,570 EUR||+16%|
|Accounts Receivable Clerk||2,610 EUR||-34%|
|Accounts Receivable Manager||5,080 EUR||+29%|
|Assistant Accounting Manager||3,930 EUR||=|
|Assistant Auditor||3,300 EUR||-16%|
|Audit Supervisor||5,850 EUR||+49%|
|Auditing Clerk||2,950 EUR||-25%|
|Auditing Manager||6,080 EUR||+55%|
|Billing Coordinator||3,660 EUR||-7%|
|Billing Specialist||3,350 EUR||-15%|
|Billing Supervisor||4,280 EUR||+9%|
|Bookkeeping Specialist||3,210 EUR||-18%|
|Budget Analyst||3,830 EUR||-3%|
|Budget Manager||5,450 EUR||+39%|
|Business Support Analyst||4,030 EUR||+3%|
|Capital Markets Associate||4,610 EUR||+17%|
|Cash Flow Analyst||4,470 EUR||+14%|
|Cash Management Officer||4,390 EUR||+12%|
|Cashbook Clerk||2,780 EUR||-29%|
|Chartered Accountant||3,930 EUR||=|
|Collections Clerk||2,250 EUR||-43%|
|Collections Specialist||2,910 EUR||-26%|
|Corporate Treasurer||7,700 EUR||+96%|
|Cost Accountant||3,580 EUR||-9%|
|Cost Accounting Manager||5,020 EUR||+28%|
|Cost Analyst||4,610 EUR||+17%|
|Credit and Collection Manager||5,280 EUR||+34%|
|Credit and Collection Staff||2,670 EUR||-32%|
|Credit and Loans Officer||2,520 EUR||-36%|
|Credit Controller||4,530 EUR||+15%|
|Debt Adviser||5,500 EUR||+40%|
|Debt Collector||3,770 EUR||-4%|
|Debtors Clerk||3,160 EUR||-20%|
|Deputy CFO||7,500 EUR||+91%|
|Derivative Trader||6,270 EUR||+60%|
|Escrow Assistant||3,750 EUR||-5%|
|External Auditor||4,810 EUR||+22%|
|Finance Associate||3,510 EUR||-11%|
|Finance Executive||7,720 EUR||+96%|
|Finance Licensing Clerk||2,890 EUR||-26%|
|Finance Licensing Manager||4,500 EUR||+15%|
|Finance Licensing Specialist||3,450 EUR||-12%|
|Finance Officer||5,060 EUR||+29%|
|Finance President||8,900 EUR||+130%|
|Finance Relationship Manager||6,020 EUR||+53%|
|Finance Release Analyst||4,060 EUR||+3%|
|Finance Team Leader||4,760 EUR||+21%|
|Financial Actuary||4,590 EUR||+17%|
|Financial Administrator||3,990 EUR||+2%|
|Financial Analyst||4,710 EUR||+20%|
|Financial Applications Specialist||3,090 EUR||-21%|
|Financial Assistant||2,730 EUR||-31%|
|Financial Associate||3,290 EUR||-16%|
|Financial Claims Analyst||4,160 EUR||+6%|
|Financial Claims Manager||5,060 EUR||+29%|
|Financial Commercial Analyst||3,940 EUR||+0%|
|Financial Compliance Analyst||4,510 EUR||+15%|
|Financial Consultant||4,270 EUR||+9%|
|Financial Controller||4,060 EUR||+3%|
|Financial Coordinator||3,760 EUR||-4%|
|Financial Customer Service Manager||5,570 EUR||+42%|
|Financial Dealer and Broker||4,140 EUR||+5%|
|Financial Encoder||2,650 EUR||-33%|
|Financial Manager||8,740 EUR||+120%|
|Financial Operations Manager||6,570 EUR||+67%|
|Financial Policy Analyst||4,610 EUR||+17%|
|Financial Project Manager||4,490 EUR||+14%|
|Financial Quantitative Analyst||4,720 EUR||+20%|
|Financial Reporting Consultant||4,630 EUR||+18%|
|Financial Reporting Manager||5,600 EUR||+42%|
|Financial Services Sales Agent||4,090 EUR||+4%|
|Fixed Assets Administrator||3,690 EUR||-6%|
|Forensic Accountant||3,390 EUR||-14%|
|Fraud Detection Supervisor||4,230 EUR||+8%|
|Fraud Prevention Manager||6,280 EUR||+60%|
|Fund Accountant||3,140 EUR||-20%|
|Grants Coordinator||3,040 EUR||-23%|
|Internal Auditor||4,750 EUR||+21%|
|Internal Control Adviser||4,740 EUR||+21%|
|Internal Control Officer||3,890 EUR||-1%|
|Inventory Accountant||7,030 EUR||+79%|
|Investment Analyst||5,780 EUR||+47%|
|Investment Fund Manager||6,050 EUR||+54%|
|Investment Underwriter||2,640 EUR||-33%|
|Investor Relations Manager||5,680 EUR||+45%|
|KYC Team Leader||5,280 EUR||+34%|
|Management Economist||5,060 EUR||+29%|
|Payroll Clerk||2,690 EUR||-32%|
|Payroll Manager||4,460 EUR||+13%|
|Pensions Administrator||3,520 EUR||-10%|
|Pricing Analyst||4,850 EUR||+23%|
|Private Equity Analyst||5,200 EUR||+32%|
|Proposal Development Coordinator||3,470 EUR||-12%|
|Receivables Accountant||3,060 EUR||-22%|
|Regulatory Accountant||3,520 EUR||-10%|
|Retirement Plan Analyst||4,630 EUR||+18%|
|Revenue Management Specialist||3,780 EUR||-4%|
|Revenue Recognition Analyst||5,850 EUR||+49%|
|Risk Management Director||7,430 EUR||+89%|
|Risk Management Supervisor||5,560 EUR||+41%|
|Tax Accountant||3,210 EUR||-18%|
|Tax Advisor||4,440 EUR||+13%|
|Tax Associate||3,340 EUR||-15%|
|Tax Manager||6,480 EUR||+65%|
|Treasury Accountant||3,460 EUR||-12%|
|Treasury Analyst||4,850 EUR||+23%|
|Underwriting Assistant||2,480 EUR||-37%|
|Vice President of Finance||6,510 EUR||+66%|