HOME COMPARE YOUR SALARY BROWSE SALARIES
Home
Browse Salaries
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles

Accounting Manager Average Salary in Greece 2020

How much money does an Accounting Manager make in Greece?


Average Monthly Salary
3,620 EUR
( 43,400 EUR yearly)

LOW
1,770
EUR
AVERAGE
3,620
EUR
HIGH
5,650
EUR

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 Salary Distribution in Greece

Median and salary distribution monthly Greece Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/accounting-and-finance/accounting-manager/median-and-salary-distribution-monthly-greece-accounting-manager.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting Manager salaries in Greece range from 1,770 EUR per month (minimum salary) to 5,650 EUR per month (maximum salary).

  • Median 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.

  • 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 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.


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 Greece Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/accounting-and-finance/accounting-manager/salary-comparison-by-years-of-experience-monthly-greece-accounting-manager.jpg

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.

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 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.


Accounting Manager average salary change by experience in Greece

0 - 2 Years
2,100 EUR
2 - 5 Years+29%
2,700 EUR
5 - 10 Years+38%
3,730 EUR
10 - 15 Years+24%
4,620 EUR
15 - 20 Years+7%
4,950 EUR
20+ Years+7%
5,280 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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 Greece Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/accounting-and-finance/accounting-manager/salary-comparison-by-education-level-monthly-greece-accounting-manager.jpg

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.


Accounting Manager average salary difference by education level in Greece

Certificate or Diploma
2,700 EUR
Bachelor's Degree+34%
3,630 EUR
Master's Degree+53%
5,570 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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Accounting Manager Salary Comparison By Gender

Salary comparison by gender monthly Greece Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/accounting-and-finance/accounting-manager/salary-comparison-by-gender-monthly-greece-accounting-manager.jpg

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.

Female
3,440 EUR
Male+9%
3,750 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Greece for all Careers

Salary comparison by gender monthly Greece
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/salary-comparison-by-gender-monthly-greece.jpg

Accounting Manager Average Annual Salary Increment Percentage in Greece

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

Accounting Manager

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.

Annual Salary Increment Rate Greece Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/accounting-and-finance/accounting-manager/annual-salary-increment-rate-greece-accounting-manager.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.

Greece / All Professions

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 Greece is 7%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

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.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Accounting Manager Bonus and Incentive Rates in Greece

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Greece Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/accounting-and-finance/accounting-manager/annual-salary-bonus-rate-greece-accounting-manager.jpg

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.

Received Bonus
82%
No Bonus
18%

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 Greece
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/public-vs-private-sector-salaries-monthly-greece.jpg

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.

Private Sector
2,370 EUR
Public Sector+6%
2,520 EUR
Percentage increase and decrease are relative to the previous value

Accounting Manager Average Hourly Wage in Greece


21 EUR per hour

The average hourly wage (pay per hour) in Greece is 21 EUR. This means that the average Accounting Manager in Greece earns approximately 21 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 Greece
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/accounting-and-finance/accounting-manager/salary-comparison-between-accounting-manager-and-accounting-and-finance-monthly-greece.jpg

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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner1,270 EUR-65%
Account Executive2,050 EUR-43%
Accountant1,580 EUR-56%
Accounting Assistant1,220 EUR-66%
Accounting Associate1,230 EUR-66%
Accounting Clerk1,000 EUR-72%
Accounting Coordinator1,530 EUR-58%
Accounting Manager3,620 EUR+0%
Accounting Supervisor2,280 EUR-37%
Accounting Technician1,170 EUR-68%
Accounts Executive2,000 EUR-45%
Accounts Payable and Receivable Specialist1,730 EUR-52%
Accounts Payable Clerk1,250 EUR-65%
Accounts Payable Manager3,260 EUR-10%
Accounts Receivable Clerk1,210 EUR-67%
Accounts Receivable Manager3,110 EUR-14%
Assistant Accounting Manager3,010 EUR-17%
Assistant Auditor1,680 EUR-54%
Audit Supervisor2,980 EUR-18%
Auditing Clerk1,280 EUR-65%
Auditing Manager3,520 EUR-3%
Billing Coordinator1,460 EUR-60%
Billing Specialist1,680 EUR-54%
Billing Supervisor2,460 EUR-32%
Bookkeeper1,040 EUR-71%
Bookkeeping Specialist1,600 EUR-56%
Budget Analyst2,970 EUR-18%
Budget Manager3,500 EUR-3%
Business Support Analyst1,900 EUR-47%
Capital Markets Associate2,380 EUR-34%
Cash Flow Analyst2,520 EUR-30%
Cash Management Officer1,860 EUR-49%
Cashbook Clerk1,090 EUR-70%
Chartered Accountant2,030 EUR-44%
Collections Clerk990 EUR-73%
Collections Specialist1,660 EUR-54%
Corporate Treasurer3,110 EUR-14%
Cost Accountant1,680 EUR-54%
Cost Accounting Manager3,170 EUR-12%
Cost Analyst2,500 EUR-31%
Credit and Collection Manager3,390 EUR-6%
Credit and Collection Staff1,240 EUR-66%
Credit and Loans Officer1,240 EUR-66%
Credit Controller2,370 EUR-35%
Debt Adviser2,600 EUR-28%
Debt Collector1,380 EUR-62%
Debtors Clerk1,140 EUR-68%
Deputy CFO4,510 EUR+25%
Derivative Trader2,840 EUR-22%
Escrow Assistant1,480 EUR-59%
External Auditor2,330 EUR-36%
Finance Associate1,490 EUR-59%
Finance Executive3,540 EUR-2%
Finance Licensing Clerk1,160 EUR-68%
Finance Licensing Manager3,030 EUR-16%
Finance Licensing Specialist1,870 EUR-48%
Finance Officer1,520 EUR-58%
Finance President4,780 EUR+32%
Finance Relationship Manager3,640 EUR+1%
Finance Release Analyst1,820 EUR-50%
Finance Team Leader 3,810 EUR+5%
Financial Actuary2,590 EUR-28%
Financial Administrator2,770 EUR-23%
Financial Analyst3,100 EUR-14%
Financial Applications Specialist2,080 EUR-43%
Financial Assistant1,320 EUR-64%
Financial Associate1,330 EUR-63%
Financial Claims Analyst2,110 EUR-42%
Financial Claims Manager3,040 EUR-16%
Financial Commercial Analyst2,340 EUR-35%
Financial Compliance Analyst2,630 EUR-27%
Financial Consultant2,130 EUR-41%
Financial Controller2,560 EUR-29%
Financial Coordinator1,560 EUR-57%
Financial Customer Service Manager3,030 EUR-16%
Financial Dealer and Broker1,710 EUR-53%
Financial Encoder1,430 EUR-60%
Financial Manager4,800 EUR+33%
Financial Operations Manager4,040 EUR+12%
Financial Policy Analyst2,470 EUR-32%
Financial Project Manager3,290 EUR-9%
Financial Quantitative Analyst2,780 EUR-23%
Financial Reporting Consultant2,380 EUR-34%
Financial Reporting Manager3,040 EUR-16%
Financial Services Sales Agent1,730 EUR-52%
Fixed Assets Administrator1,650 EUR-54%
Forensic Accountant1,840 EUR-49%
Fraud Detection Supervisor2,010 EUR-44%
Fraud Prevention Manager3,270 EUR-10%
Fund Accountant1,510 EUR-58%
Grants Coordinator1,270 EUR-65%
Internal Auditor2,190 EUR-39%
Internal Control Adviser2,560 EUR-29%
Internal Control Officer1,400 EUR-61%
Inventory Accountant1,650 EUR-54%
Investment Analyst3,340 EUR-8%
Investment Fund Manager3,710 EUR+3%
Investment Underwriter1,390 EUR-62%
Investor2,060 EUR-43%
Investor Relations Manager3,160 EUR-13%
KYC Team Leader3,080 EUR-15%
Management Economist3,660 EUR+1%
Paymaster1,310 EUR-64%
Payroll Clerk1,460 EUR-60%
Payroll Manager3,000 EUR-17%
Pensions Administrator1,660 EUR-54%
Pricing Analyst2,720 EUR-25%
Private Equity Analyst2,810 EUR-22%
Proposal Development Coordinator1,400 EUR-61%
Receivables Accountant1,490 EUR-59%
Regulatory Accountant1,880 EUR-48%
Retirement Plan Analyst2,600 EUR-28%
Revenue Management Specialist2,660 EUR-26%
Revenue Recognition Analyst3,110 EUR-14%
Risk Management Director4,030 EUR+11%
Risk Management Supervisor3,260 EUR-10%
Tax Accountant1,520 EUR-58%
Tax Advisor2,430 EUR-33%
Tax Associate1,350 EUR-63%
Tax Manager3,310 EUR-9%
Teller930 EUR-74%
Treasury Accountant1,720 EUR-52%
Treasury Analyst2,650 EUR-27%
Underwriter1,120 EUR-69%
Underwriting Assistant1,040 EUR-71%
Vice President of Finance4,470 EUR+24%

Salary Comparison By City

CityAverage Salary
Athens3,680 EUR
5000 - 1

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020