A person working as an Accounting Manager in Greece typically earns around 3,620 EUR per month. Salaries range from 1,770 EUR (lowest) to 5,650 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 salaries in Greece range from 1,770 EUR per month (minimum salary) to 5,650 EUR per month (maximum salary).
The median salary is 3,690 EUR per month, which means that half (50%) of people working as Accounting Manager(s) are earning less than 3,690 EUR while the other half are earning more than 3,690 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 Accounting Manager(s) are earning less than 2,460 EUR while 75% of them are earning more than 2,460 EUR. Also from the diagram, 75% of Accounting Manager(s) are earning less than 4,760 EUR while 25% are earning more than 4,760 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 Accounting Manager salaries by experience level and this is what we found.
An Accounting Manager with less than two years of experience makes approximately 2,100 EUR per month.
While someone with an experience level between two and five years is expected to earn 2,700 EUR per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,730 EUR per month, 38% more than someone with two to five years of experience.
Additionally, Accounting Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,620 EUR per month, 24% 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 4,950 EUR per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,280 EUR per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 2,700 EUR per month.
While someone with a Bachelor's Degree gets a salary of 3,630 EUR per month, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 5,570 EUR per month, 53% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Greece costs anywhere from 12,200 Euro(s) to 36,500 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 Accounting Manager employees in Greece earn 9% more than their female counterparts on average.
Accounting Manager(s) in Greece are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% 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 Greece 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.
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.
18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% 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.
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 employees in Greece earn 6% more than their private sector counterparts on average across all sectors.
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 Accounting Manager is 47% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||1,270 EUR||-65%|
|Account Executive||2,050 EUR||-43%|
|Accounting Assistant||1,220 EUR||-66%|
|Accounting Associate||1,230 EUR||-66%|
|Accounting Clerk||1,000 EUR||-72%|
|Accounting Coordinator||1,530 EUR||-58%|
|Accounting Manager||3,620 EUR||+0%|
|Accounting Supervisor||2,280 EUR||-37%|
|Accounting Technician||1,170 EUR||-68%|
|Accounts Executive||2,000 EUR||-45%|
|Accounts Payable and Receivable Specialist||1,730 EUR||-52%|
|Accounts Payable Clerk||1,250 EUR||-65%|
|Accounts Payable Manager||3,260 EUR||-10%|
|Accounts Receivable Clerk||1,210 EUR||-67%|
|Accounts Receivable Manager||3,110 EUR||-14%|
|Assistant Accounting Manager||3,010 EUR||-17%|
|Assistant Auditor||1,680 EUR||-54%|
|Audit Supervisor||2,980 EUR||-18%|
|Auditing Clerk||1,280 EUR||-65%|
|Auditing Manager||3,520 EUR||-3%|
|Billing Coordinator||1,460 EUR||-60%|
|Billing Specialist||1,680 EUR||-54%|
|Billing Supervisor||2,460 EUR||-32%|
|Bookkeeping Specialist||1,600 EUR||-56%|
|Budget Analyst||2,970 EUR||-18%|
|Budget Manager||3,500 EUR||-3%|
|Business Support Analyst||1,900 EUR||-47%|
|Capital Markets Associate||2,380 EUR||-34%|
|Cash Flow Analyst||2,520 EUR||-30%|
|Cash Management Officer||1,860 EUR||-49%|
|Cashbook Clerk||1,090 EUR||-70%|
|Chartered Accountant||2,030 EUR||-44%|
|Collections Clerk||990 EUR||-73%|
|Collections Specialist||1,660 EUR||-54%|
|Corporate Treasurer||3,110 EUR||-14%|
|Cost Accountant||1,680 EUR||-54%|
|Cost Accounting Manager||3,170 EUR||-12%|
|Cost Analyst||2,500 EUR||-31%|
|Credit and Collection Manager||3,390 EUR||-6%|
|Credit and Collection Staff||1,240 EUR||-66%|
|Credit and Loans Officer||1,240 EUR||-66%|
|Credit Controller||2,370 EUR||-35%|
|Debt Adviser||2,600 EUR||-28%|
|Debt Collector||1,380 EUR||-62%|
|Debtors Clerk||1,140 EUR||-68%|
|Deputy CFO||4,510 EUR||+25%|
|Derivative Trader||2,840 EUR||-22%|
|Escrow Assistant||1,480 EUR||-59%|
|External Auditor||2,330 EUR||-36%|
|Finance Associate||1,490 EUR||-59%|
|Finance Executive||3,540 EUR||-2%|
|Finance Licensing Clerk||1,160 EUR||-68%|
|Finance Licensing Manager||3,030 EUR||-16%|
|Finance Licensing Specialist||1,870 EUR||-48%|
|Finance Officer||1,520 EUR||-58%|
|Finance President||4,780 EUR||+32%|
|Finance Relationship Manager||3,640 EUR||+1%|
|Finance Release Analyst||1,820 EUR||-50%|
|Finance Team Leader||3,810 EUR||+5%|
|Financial Actuary||2,590 EUR||-28%|
|Financial Administrator||2,770 EUR||-23%|
|Financial Analyst||3,100 EUR||-14%|
|Financial Applications Specialist||2,080 EUR||-43%|
|Financial Assistant||1,320 EUR||-64%|
|Financial Associate||1,330 EUR||-63%|
|Financial Claims Analyst||2,110 EUR||-42%|
|Financial Claims Manager||3,040 EUR||-16%|
|Financial Commercial Analyst||2,340 EUR||-35%|
|Financial Compliance Analyst||2,630 EUR||-27%|
|Financial Consultant||2,130 EUR||-41%|
|Financial Controller||2,560 EUR||-29%|
|Financial Coordinator||1,560 EUR||-57%|
|Financial Customer Service Manager||3,030 EUR||-16%|
|Financial Dealer and Broker||1,710 EUR||-53%|
|Financial Encoder||1,430 EUR||-60%|
|Financial Manager||4,800 EUR||+33%|
|Financial Operations Manager||4,040 EUR||+12%|
|Financial Policy Analyst||2,470 EUR||-32%|
|Financial Project Manager||3,290 EUR||-9%|
|Financial Quantitative Analyst||2,780 EUR||-23%|
|Financial Reporting Consultant||2,380 EUR||-34%|
|Financial Reporting Manager||3,040 EUR||-16%|
|Financial Services Sales Agent||1,730 EUR||-52%|
|Fixed Assets Administrator||1,650 EUR||-54%|
|Forensic Accountant||1,840 EUR||-49%|
|Fraud Detection Supervisor||2,010 EUR||-44%|
|Fraud Prevention Manager||3,270 EUR||-10%|
|Fund Accountant||1,510 EUR||-58%|
|Grants Coordinator||1,270 EUR||-65%|
|Internal Auditor||2,190 EUR||-39%|
|Internal Control Adviser||2,560 EUR||-29%|
|Internal Control Officer||1,400 EUR||-61%|
|Inventory Accountant||1,650 EUR||-54%|
|Investment Analyst||3,340 EUR||-8%|
|Investment Fund Manager||3,710 EUR||+3%|
|Investment Underwriter||1,390 EUR||-62%|
|Investor Relations Manager||3,160 EUR||-13%|
|KYC Team Leader||3,080 EUR||-15%|
|Management Economist||3,660 EUR||+1%|
|Payroll Clerk||1,460 EUR||-60%|
|Payroll Manager||3,000 EUR||-17%|
|Pensions Administrator||1,660 EUR||-54%|
|Pricing Analyst||2,720 EUR||-25%|
|Private Equity Analyst||2,810 EUR||-22%|
|Proposal Development Coordinator||1,400 EUR||-61%|
|Receivables Accountant||1,490 EUR||-59%|
|Regulatory Accountant||1,880 EUR||-48%|
|Retirement Plan Analyst||2,600 EUR||-28%|
|Revenue Management Specialist||2,660 EUR||-26%|
|Revenue Recognition Analyst||3,110 EUR||-14%|
|Risk Management Director||4,030 EUR||+11%|
|Risk Management Supervisor||3,260 EUR||-10%|
|Tax Accountant||1,520 EUR||-58%|
|Tax Advisor||2,430 EUR||-33%|
|Tax Associate||1,350 EUR||-63%|
|Tax Manager||3,310 EUR||-9%|
|Treasury Accountant||1,720 EUR||-52%|
|Treasury Analyst||2,650 EUR||-27%|
|Underwriting Assistant||1,040 EUR||-71%|
|Vice President of Finance||4,470 EUR||+24%|