A person working in Accounting and Finance in Frankfurt typically earns around 12,200 EUR per month. Salaries range from 5,590 EUR (lowest average) to 25,900 EUR (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|Account Examiner||7,640 EUR|
|Account Executive||11,200 EUR|
|Accounting Assistant||7,540 EUR|
|Accounting Associate||8,380 EUR|
|Accounting Clerk||5,990 EUR|
|Accounting Coordinator||6,860 EUR|
|Accounting Manager||16,300 EUR|
|Accounting Supervisor||11,300 EUR|
|Accounting Technician||7,460 EUR|
|Accounts Executive||9,740 EUR|
|Accounts Payable and Receivable Specialist||9,740 EUR|
|Accounts Payable Clerk||6,270 EUR|
|Accounts Payable Manager||12,500 EUR|
|Accounts Receivable Clerk||6,520 EUR|
|Accounts Receivable Manager||12,800 EUR|
|Assistant Accounting Manager||9,990 EUR|
|Assistant Auditor||9,060 EUR|
|Audit Supervisor||15,600 EUR|
|Auditing Clerk||7,880 EUR|
|Auditing Manager||16,900 EUR|
|Billing Coordinator||9,470 EUR|
|Billing Specialist||8,920 EUR|
|Billing Supervisor||11,200 EUR|
|Bookkeeping Specialist||8,530 EUR|
|Budget Analyst||10,200 EUR|
|Budget Manager||14,700 EUR|
|Business Support Analyst||11,000 EUR|
|Capital Markets Associate||11,900 EUR|
|Cash Flow Analyst||12,200 EUR|
|Cash Management Officer||11,100 EUR|
|Cashbook Clerk||7,310 EUR|
|Chartered Accountant||10,000 EUR|
|Collections Clerk||6,020 EUR|
|Collections Specialist||7,850 EUR|
|Corporate Treasurer||20,700 EUR|
|Cost Accountant||9,860 EUR|
|Cost Accounting Manager||12,400 EUR|
|Cost Analyst||11,500 EUR|
|Credit and Collection Manager||14,200 EUR|
|Credit and Collection Staff||6,660 EUR|
|Credit and Loans Officer||7,010 EUR|
|Credit Controller||11,900 EUR|
|Debt Adviser||14,000 EUR|
|Debt Collector||10,800 EUR|
|Debtors Clerk||8,760 EUR|
|Deputy CFO||20,700 EUR|
|Derivative Trader||16,700 EUR|
|Escrow Assistant||9,670 EUR|
|External Auditor||12,300 EUR|
|Finance Associate||9,510 EUR|
|Finance Executive||19,700 EUR|
|Finance Licensing Clerk||7,340 EUR|
|Finance Licensing Manager||11,600 EUR|
|Finance Licensing Specialist||9,900 EUR|
|Finance Officer||13,000 EUR|
|Finance President||23,600 EUR|
|Finance Relationship Manager||15,800 EUR|
|Finance Release Analyst||10,700 EUR|
|Finance Team Leader||13,200 EUR|
|Financial Actuary||12,200 EUR|
|Financial Administrator||10,400 EUR|
|Financial Analyst||13,000 EUR|
|Financial Applications Specialist||8,160 EUR|
|Financial Assistant||7,280 EUR|
|Financial Associate||8,840 EUR|
|Financial Claims Analyst||10,700 EUR|
|Financial Claims Manager||13,200 EUR|
|Financial Commercial Analyst||10,200 EUR|
|Financial Compliance Analyst||12,000 EUR|
|Financial Consultant||10,900 EUR|
|Financial Controller||11,000 EUR|
|Financial Coordinator||10,600 EUR|
|Financial Customer Service Manager||14,400 EUR|
|Financial Dealer and Broker||10,200 EUR|
|Financial Encoder||6,910 EUR|
|Financial Manager||24,900 EUR|
|Financial Operations Manager||16,500 EUR|
|Financial Policy Analyst||11,500 EUR|
|Financial Project Manager||11,100 EUR|
|Financial Quantitative Analyst||12,800 EUR|
|Financial Reporting Consultant||11,700 EUR|
|Financial Reporting Manager||13,900 EUR|
|Financial Services Sales Agent||10,300 EUR|
|Fixed Assets Administrator||9,240 EUR|
|Forensic Accountant||8,880 EUR|
|Fraud Detection Supervisor||11,000 EUR|
|Fraud Prevention Manager||16,500 EUR|
|Fund Accountant||8,340 EUR|
|Grants Coordinator||7,920 EUR|
|Internal Auditor||12,200 EUR|
|Internal Control Adviser||12,300 EUR|
|Internal Control Officer||10,200 EUR|
|Inventory Accountant||18,100 EUR|
|Investment Analyst||15,700 EUR|
|Investment Fund Manager||16,200 EUR|
|Investment Underwriter||7,160 EUR|
|Investor Relations Manager||14,300 EUR|
|KYC Team Leader||13,800 EUR|
|Management Economist||12,700 EUR|
|Payroll Clerk||7,160 EUR|
|Payroll Manager||12,000 EUR|
|Pensions Administrator||8,850 EUR|
|Pricing Analyst||13,000 EUR|
|Private Equity Analyst||12,700 EUR|
|Proposal Development Coordinator||8,700 EUR|
|Receivables Accountant||7,780 EUR|
|Regulatory Accountant||9,700 EUR|
|Retirement Plan Analyst||12,000 EUR|
|Revenue Management Specialist||9,950 EUR|
|Revenue Recognition Analyst||15,700 EUR|
|Risk Management Director||19,100 EUR|
|Risk Management Supervisor||14,400 EUR|
|Tax Accountant||8,370 EUR|
|Tax Advisor||11,300 EUR|
|Tax Associate||8,810 EUR|
|Tax Manager||17,000 EUR|
|Treasury Accountant||9,130 EUR|
|Treasury Analyst||12,200 EUR|
|Underwriting Assistant||6,160 EUR|
|Vice President of Finance||16,900 EUR|
Accounting and Finance salaries in Frankfurt range from 5,590 EUR per month (minimum average salary) to 25,900 EUR per month (maximum average salary, actual maximum is higher).
The median salary is 11,700 EUR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 11,700 EUR while the other half are earning more than 11,700 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 people working in Accounting and Finance are earning less than 7,800 EUR while 75% of them are earning more than 7,800 EUR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 18,100 EUR while 25% are earning more than 18,100 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 the wage.
Generally speaking, employees 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.
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 degrees levels across many jobs, 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 cerificate 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.
A Master's degree program or any post-graduate program in Germany costs anywhere from 59,400 Euro(s) to 178,000 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then 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 employees earn 7% more than their female counterparts.
Accounting and Finance professionals in Germany are likely to observe a salary increase of approximately 10% every 14 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 Germany 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.
Accounting and Finance is considered to be a high bonus-based field 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.
16% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 84% 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 Germany earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Accounting and Finance salaries in Germany are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Accounting and Finance is 3% less than that of All Jobs.