How much money does a person working in Accounting and Finance make in Frankfurt?
Average Monthly Salary
4,210 EUR
( 50,500 EUR yearly)
LOW
1,690
EUR
AVERAGE
4,210
EUR
HIGH
8,380
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
A person working in Accounting and Finance in Frankfurt typically earns around 4,210 EUR. Salaries range from 1,690 EUR (lowest average) to 8,380 EUR (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Frankfurt exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
Accounting and Finance | |
Account Examiner | 2,120 EUR |
Account Executive | 3,420 EUR |
Accountant | 2,630 EUR |
Accounting Analyst | 3,510 EUR |
|
Accounting Assistant | 2,030 EUR |
Accounting Associate | 2,050 EUR |
Accounting Clerk | 1,660 EUR |
Accounting Coordinator | 2,540 EUR |
Accounting Head | 5,420 EUR |
Accounting Manager | 6,030 EUR |
Accounting Officer | 2,090 EUR |
Accounting Specialist | 3,750 EUR |
Accounting Supervisor | 3,800 EUR |
Accounting Technician | 1,950 EUR |
Accounting Unit Controller | 4,710 EUR |
Accounts Executive | 3,340 EUR |
Accounts Officer | 2,140 EUR |
Accounts Payable and Receivable Specialist | 2,880 EUR |
Accounts Payable Assistant | 2,240 EUR |
Accounts Payable Associate | 2,550 EUR |
Accounts Payable Clerk | 2,080 EUR |
Accounts Payable Manager | 5,430 EUR |
Accounts Receivable Administrator | 3,970 EUR |
Accounts Receivable Clerk | 2,010 EUR |
Accounts Receivable Financial Analyst | 3,860 EUR |
Accounts Receivable Manager | 5,170 EUR |
Accounts Receivable Team Leader | 3,970 EUR |
Algorithmic Trading Specialist | 4,980 EUR |
Assistant Accountant | 2,100 EUR |
Assistant Accounting Manager | 5,020 EUR |
Assistant Auditor | 2,800 EUR |
Assistant Corporate Controller | 3,900 EUR |
Assistant Finance Manager | 5,610 EUR |
Assistant Financial Controller | 3,590 EUR |
Audit Director | 6,330 EUR |
Audit Supervisor | 4,960 EUR |
Auditing Clerk | 2,140 EUR |
Auditing Manager | 5,860 EUR |
Billing Clerk | 2,070 EUR |
Billing Coordinator | 2,430 EUR |
Billing Specialist | 2,790 EUR |
Billing Supervisor | 4,110 EUR |
Bookkeeper | 1,740 EUR |
Bookkeeping Specialist | 2,660 EUR |
Budget Analyst | 4,940 EUR |
Budget Manager | 5,830 EUR |
Business Support Analyst | 3,160 EUR |
Capital Markets Associate | 3,970 EUR |
Cash Flow Analyst | 4,200 EUR |
Cash Management Manager | 5,410 EUR |
Cash Management Officer | 3,090 EUR |
Cashbook Clerk | 1,820 EUR |
Chartered Accountant | 3,380 EUR |
Chief Accountant | 4,190 EUR |
Chief Financial Technology Officer | 5,770 EUR |
Collections Clerk | 1,650 EUR |
Collections Representative | 2,340 EUR |
Collections Specialist | 2,760 EUR |
Corporate Controller | 4,330 EUR |
Corporate Treasurer | 5,170 EUR |
Cost Accountant | 2,800 EUR |
Cost Accounting Manager | 5,290 EUR |
Cost Accounting Supervisor | 4,300 EUR |
Cost Analyst | 4,170 EUR |
Credit and Collection Manager | 5,650 EUR |
Credit and Collection Staff | 2,070 EUR |
Credit and Loans Officer | 2,060 EUR |
Credit Controller | 3,950 EUR |
Credit Manager | 5,840 EUR |
Debt Adviser | 4,340 EUR |
Debt Collector | 2,300 EUR |
Debtors Clerk | 1,910 EUR |
Debtors Controller | 2,090 EUR |
Deputy CFO | 7,510 EUR |
Deputy Head of Finance | 7,270 EUR |
Derivative Trader | 4,730 EUR |
Director of Finance | 8,120 EUR |
E-commerce Accountant | 2,760 EUR |
Economist | 6,250 EUR |
Equity Analyst | 4,840 EUR |
Escrow Assistant | 2,460 EUR |
Executive Accountant | 3,150 EUR |
External Auditor | 3,890 EUR |
Finance Administrator | 3,060 EUR |
Finance Analyst | 5,010 EUR |
Finance Associate | 2,480 EUR |
Finance Data Analyst | 4,370 EUR |
Finance Director | 8,280 EUR |
Finance Executive | 5,890 EUR |
Finance Licensing Clerk | 1,940 EUR |
Finance Licensing Manager | 5,050 EUR |
Finance Licensing Specialist | 3,110 EUR |
Finance Manager | 7,740 EUR |
Finance Officer | 2,520 EUR |
Finance President | 7,960 EUR |
Finance Relationship Manager | 6,060 EUR |
Finance Release Analyst | 3,030 EUR |
Finance Specialist | 4,500 EUR |
Finance Team Leader | 6,350 EUR |
Financial Accountant | 2,800 EUR |
Financial Actuary | 4,310 EUR |
Financial Administrator | 4,610 EUR |
Financial Advisor | 4,860 EUR |
Financial Analyst | 5,160 EUR |
Financial Applications Specialist | 3,460 EUR |
Financial Assistant | 2,190 EUR |
Financial Associate | 2,510 EUR |
Financial Associate | 2,210 EUR |
Financial Claims Analyst | 3,520 EUR |
Financial Claims Manager | 5,060 EUR |
Financial Claims Supervisor | 4,630 EUR |
Financial Clerk | 2,100 EUR |
Financial Commercial Analyst | 3,890 EUR |
Financial Compliance Analyst | 4,390 EUR |
Financial Compliance Officer | 4,210 EUR |
Financial Consultant | 3,550 EUR |
Financial Controller | 4,260 EUR |
Financial Controller | 4,220 EUR |
Financial Coordinator | 2,600 EUR |
Financial Customer Service Manager | 5,040 EUR |
Financial Data Scientist | 4,870 EUR |
Financial Dealer and Broker | 2,850 EUR |
Financial Director | 8,350 EUR |
Financial Encoder | 2,380 EUR |
Financial Manager | 7,990 EUR |
Financial Manager | 7,310 EUR |
Financial Modelling Analyst | 5,110 EUR |
Financial Operations Manager | 6,730 EUR |
Financial Policy Analyst | 4,110 EUR |
Financial Project Manager | 5,490 EUR |
Financial Quantitative Analyst | 4,640 EUR |
Financial Reporting Consultant | 3,970 EUR |
Financial Reporting Manager | 5,070 EUR |
Financial Section Head | 5,380 EUR |
Financial Services Manager | 7,150 EUR |
Financial Services Sales Agent | 2,880 EUR |
Financial Technology Consultant | 4,410 EUR |
Financial Wellness Coach | 5,660 EUR |
FinTech Analyst | 4,680 EUR |
Fixed Assets Administrator | 2,750 EUR |
Forensic Accountant | 3,060 EUR |
Fraud Detection Supervisor | 3,350 EUR |
Fraud Prevention Manager | 5,450 EUR |
Fund Accountant | 2,510 EUR |
Grants Coordinator | 2,110 EUR |
Green Finance Analyst | 4,060 EUR |
Group Financial Manager | 8,040 EUR |
Internal Auditor | 3,650 EUR |
Internal Control Adviser | 4,270 EUR |
Internal Control Officer | 2,330 EUR |
International Tax Director | 6,710 EUR |
Inventory Accountant | 2,750 EUR |
Investment Advisor | 7,650 EUR |
Investment Analyst | 5,560 EUR |
Investment Associate | 4,730 EUR |
Investment Broker | 4,650 EUR |
Investment Fund Manager | 6,180 EUR |
Investment Operations Manager | 6,090 EUR |
Investment Underwriter | 2,320 EUR |
Investor | 3,440 EUR |
Investor Relations Manager | 5,260 EUR |
KYC Team Leader | 5,130 EUR |
Loan Processor | 2,210 EUR |
Management Accountant | 3,010 EUR |
Management Economist | 6,090 EUR |
Paymaster | 2,180 EUR |
Payroll Administrator | 3,720 EUR |
Payroll Benefits Coordinator | 3,140 EUR |
Payroll Billing Manager | 5,100 EUR |
Payroll Clerk | 2,420 EUR |
Payroll Manager | 5,000 EUR |
Payroll Officer | 2,400 EUR |
Payroll Specialist | 2,820 EUR |
Payroll Supervisor | 3,440 EUR |
Pensions Administrator | 2,770 EUR |
Personal Financial Advisor | 4,240 EUR |
Pricing Analyst | 4,540 EUR |
Private Equity Analyst | 4,680 EUR |
Project Accountant | 2,820 EUR |
Proposal Development Coordinator | 2,330 EUR |
Quantitative Trader | 3,880 EUR |
Receivables Accountant | 2,480 EUR |
Regulatory Accountant | 3,130 EUR |
Retirement Plan Analyst | 4,330 EUR |
Revenue Management Specialist | 4,430 EUR |
Revenue Recognition Analyst | 5,180 EUR |
Risk Management Director | 6,710 EUR |
Risk Management Supervisor | 5,430 EUR |
Staff Accountant | 2,690 EUR |
Tax Accountant | 2,540 EUR |
Tax Administrator | 2,920 EUR |
Tax Advisor | 4,060 EUR |
Tax Analyst | 3,990 EUR |
Tax Associate | 2,240 EUR |
Tax Consultant | 4,520 EUR |
Tax Director | 6,470 EUR |
Tax Examiner | 2,960 EUR |
Tax Manager | 5,520 EUR |
Tax Research Manager | 5,430 EUR |
Teller | 1,560 EUR |
Treasury Accountant | 2,870 EUR |
Treasury Analyst | 4,410 EUR |
Underwriter | 1,870 EUR |
Underwriting Assistant | 1,720 EUR |
Vice President of Finance | 7,450 EUR |
Accounting and Finance Jobs Pay Scale and Salaries in Frankfurt
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/frankfurt/accounting-and-finance/median-and-salary-distribution-monthly-frankfurt-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
4,280 EUR or more
10% of people earn
3,620 to 4,280 EUR
20% of people earn
2,180 EUR or less
65% of people earn
2,180 to 3,620 EUR
Minimum Salary 1,690 EUR |
Median 3,750 EUR |
Maximum 8,380 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
All salary figures displayed here are per month except when noted otherwise.
Salary Range, Minimum Wage, and Starting Salary
Salaries in Accounting and Finance in Frankfurt range from 1,690 EUR (starting average salary) to 8,380 EUR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Accounting and Finance is 3,750 EUR, implying that half of the workforce in Frankfurt earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Frankfurt earn less than 2,940 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 4,530 EUR, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Frankfurt. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,180 EUR to 3,620 EUR. Approximately 20% of salaries were below the 2,180 EUR mark, while 10% ranged from 3,620 EUR to 4,280 EUR. Only 5% of individuals earned a gross salary of 4,280 EUR or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 in Accounting and Finance in Frankfurt 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.
Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.
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 degree levels across many jobs in Accounting and Finance in Frankfurt, 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 certificate 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.
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 Germany costs anywhere from 19,100 EUR to 57,400 EUR and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Accounting and Finance / Frankfurt
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/accounting-and-finance/salary-comparison-by-gender-monthly-germany-accounting-and-finance.jpg Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in Germany, the average difference between the salary of male and female employees is 6%.
Male | | 4,070 EUR |
Female | -6% | 3,840 EUR |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Germany for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/salary-comparison-by-gender-monthly-germany.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Frankfurt
How much are annual salary increments in Frankfurt for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Germany are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/accounting-and-finance/annual-salary-increment-rate-germany-accounting-and-finance.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.
Germany / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/annual-salary-increment-rate-germany.jpg The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Germany is 6%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Accounting and Finance / Germany
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/accounting-and-finance/annual-salary-bonus-rate-germany-accounting-and-finance.jpg
100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
Received Bonus | | % |
No Bonus | | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
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.
Hourly Average Wage / Accounting and Finance / Frankfurt
24 EUR
per hour The average hourly wage (pay per hour) in Accounting and Finance in Frankfurt is 24 EUR.This is the rate they get paid for every worked hour.
Hourly Wage = Annual Salary / ( 52 x 5 x 8 )
About The Hourly Pay Rate
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 fixed 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working in Accounting and Finance in Frankfurt is 10 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
Berlin | 4,510 EUR |
Bremen | 3,910 EUR |
Dortmund | 3,820 EUR |
Dresden | 3,680 EUR |
Dusseldorf | 4,140 EUR |
Essen | 3,980 EUR |
Frankfurt | 4,210 EUR |
Hamburg | 4,430 EUR |
Hannover | 3,590 EUR |
Koln | 4,280 EUR |
Leipzig | 3,750 EUR |
Munchen | 4,360 EUR |
Nurnberg | 3,520 EUR |
Stuttgart | 4,050 EUR |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Germany is 5% on average across all career fields.
Private Sector | | 3,740 EUR |
Public Sector | +5% | 3,910 EUR |
Percentage increase and decrease are relative to the previous value
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Accounting and Finance in Frankfurt?
A good and competitive compensation would range anywhere between 3,750 EUR and 4,530 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for jobs in Accounting and Finance in Frankfurt ranges from 1,690 EUR to 2,940 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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