How much money does a person working in Accounting and Finance make in Dortmund?
Average Monthly Salary
3,820 EUR
( 45,800 EUR yearly)
LOW
1,530
EUR
AVERAGE
3,820
EUR
HIGH
7,600
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 Dortmund typically earns around 3,820 EUR. Salaries range from 1,530 EUR (lowest average) to 7,600 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 Dortmund 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 | 1,850 EUR |
Account Executive | 3,210 EUR |
Accountant | 2,380 EUR |
Accounting Analyst | 2,920 EUR |
|
Accounting Assistant | 1,830 EUR |
Accounting Associate | 1,770 EUR |
Accounting Clerk | 1,510 EUR |
Accounting Coordinator | 2,220 EUR |
Accounting Head | 5,080 EUR |
Accounting Manager | 5,470 EUR |
Accounting Officer | 1,920 EUR |
Accounting Specialist | 3,460 EUR |
Accounting Supervisor | 3,290 EUR |
Accounting Technician | 1,750 EUR |
Accounting Unit Controller | 4,330 EUR |
Accounts Executive | 3,220 EUR |
Accounts Officer | 1,970 EUR |
Accounts Payable and Receivable Specialist | 2,460 EUR |
Accounts Payable Assistant | 1,990 EUR |
Accounts Payable Associate | 2,210 EUR |
Accounts Payable Clerk | 1,890 EUR |
Accounts Payable Manager | 4,950 EUR |
Accounts Receivable Administrator | 3,800 EUR |
Accounts Receivable Clerk | 1,840 EUR |
Accounts Receivable Financial Analyst | 3,510 EUR |
Accounts Receivable Manager | 4,740 EUR |
Accounts Receivable Team Leader | 3,620 EUR |
Algorithmic Trading Specialist | 4,250 EUR |
Assistant Accountant | 1,920 EUR |
Assistant Accounting Manager | 4,470 EUR |
Assistant Auditor | 2,580 EUR |
Assistant Corporate Controller | 3,330 EUR |
Assistant Finance Manager | 5,320 EUR |
Assistant Financial Controller | 3,370 EUR |
Audit Director | 5,840 EUR |
Audit Supervisor | 4,590 EUR |
Auditing Clerk | 1,970 EUR |
Auditing Manager | 4,940 EUR |
Billing Clerk | 1,980 EUR |
Billing Coordinator | 2,340 EUR |
Billing Specialist | 2,720 EUR |
Billing Supervisor | 3,850 EUR |
Bookkeeper | 1,630 EUR |
Bookkeeping Specialist | 2,390 EUR |
Budget Analyst | 4,210 EUR |
Budget Manager | 4,970 EUR |
Business Support Analyst | 2,910 EUR |
Capital Markets Associate | 3,680 EUR |
Cash Flow Analyst | 3,580 EUR |
Cash Management Manager | 5,120 EUR |
Cash Management Officer | 2,930 EUR |
Cashbook Clerk | 1,770 EUR |
Chartered Accountant | 3,210 EUR |
Chief Accountant | 3,530 EUR |
Chief Financial Technology Officer | 5,120 EUR |
Collections Clerk | 1,470 EUR |
Collections Representative | 2,190 EUR |
Collections Specialist | 2,650 EUR |
Corporate Controller | 3,800 EUR |
Corporate Treasurer | 4,960 EUR |
Cost Accountant | 2,480 EUR |
Cost Accounting Manager | 5,090 EUR |
Cost Accounting Supervisor | 3,930 EUR |
Cost Analyst | 4,020 EUR |
Credit and Collection Manager | 4,810 EUR |
Credit and Collection Staff | 1,890 EUR |
Credit and Loans Officer | 1,800 EUR |
Credit Controller | 3,320 EUR |
Credit Manager | 5,110 EUR |
Debt Adviser | 3,980 EUR |
Debt Collector | 1,910 EUR |
Debtors Clerk | 1,760 EUR |
Debtors Controller | 1,920 EUR |
Deputy CFO | 7,100 EUR |
Deputy Head of Finance | 6,910 EUR |
Derivative Trader | 4,100 EUR |
Director of Finance | 7,400 EUR |
E-commerce Accountant | 2,620 EUR |
Economist | 5,790 EUR |
Equity Analyst | 4,520 EUR |
Escrow Assistant | 2,160 EUR |
Executive Accountant | 2,860 EUR |
External Auditor | 3,620 EUR |
Finance Administrator | 2,810 EUR |
Finance Analyst | 4,670 EUR |
Finance Associate | 2,060 EUR |
Finance Data Analyst | 3,990 EUR |
Finance Director | 7,620 EUR |
Finance Executive | 5,490 EUR |
Finance Licensing Clerk | 1,730 EUR |
Finance Licensing Manager | 4,980 EUR |
Finance Licensing Specialist | 2,780 EUR |
Finance Manager | 7,140 EUR |
Finance Officer | 2,490 EUR |
Finance President | 7,550 EUR |
Finance Relationship Manager | 5,850 EUR |
Finance Release Analyst | 2,850 EUR |
Finance Specialist | 4,160 EUR |
Finance Team Leader | 5,560 EUR |
Financial Accountant | 2,580 EUR |
Financial Actuary | 3,630 EUR |
Financial Administrator | 3,940 EUR |
Financial Advisor | 4,500 EUR |
Financial Analyst | 4,340 EUR |
Financial Applications Specialist | 3,190 EUR |
Financial Assistant | 2,030 EUR |
Financial Associate | 1,990 EUR |
Financial Associate | 2,330 EUR |
Financial Claims Analyst | 3,350 EUR |
Financial Claims Manager | 4,370 EUR |
Financial Claims Supervisor | 4,000 EUR |
Financial Clerk | 1,890 EUR |
Financial Commercial Analyst | 3,510 EUR |
Financial Compliance Analyst | 4,050 EUR |
Financial Compliance Officer | 3,860 EUR |
Financial Consultant | 3,370 EUR |
Financial Controller | 3,940 EUR |
Financial Controller | 3,820 EUR |
Financial Coordinator | 2,360 EUR |
Financial Customer Service Manager | 4,420 EUR |
Financial Data Scientist | 4,460 EUR |
Financial Dealer and Broker | 2,640 EUR |
Financial Director | 7,120 EUR |
Financial Encoder | 2,190 EUR |
Financial Manager | 6,620 EUR |
Financial Manager | 6,640 EUR |
Financial Modelling Analyst | 4,250 EUR |
Financial Operations Manager | 6,320 EUR |
Financial Policy Analyst | 3,720 EUR |
Financial Project Manager | 5,280 EUR |
Financial Quantitative Analyst | 4,180 EUR |
Financial Reporting Consultant | 3,440 EUR |
Financial Reporting Manager | 4,580 EUR |
Financial Section Head | 4,530 EUR |
Financial Services Manager | 6,580 EUR |
Financial Services Sales Agent | 2,610 EUR |
Financial Technology Consultant | 4,060 EUR |
Financial Wellness Coach | 5,220 EUR |
FinTech Analyst | 4,320 EUR |
Fixed Assets Administrator | 2,580 EUR |
Forensic Accountant | 2,950 EUR |
Fraud Detection Supervisor | 2,940 EUR |
Fraud Prevention Manager | 5,300 EUR |
Fund Accountant | 2,450 EUR |
Grants Coordinator | 1,820 EUR |
Green Finance Analyst | 3,760 EUR |
Group Financial Manager | 7,040 EUR |
Internal Auditor | 3,410 EUR |
Internal Control Adviser | 3,750 EUR |
Internal Control Officer | 2,260 EUR |
International Tax Director | 5,960 EUR |
Inventory Accountant | 2,710 EUR |
Investment Advisor | 6,770 EUR |
Investment Analyst | 4,930 EUR |
Investment Associate | 3,980 EUR |
Investment Broker | 4,130 EUR |
Investment Fund Manager | 5,770 EUR |
Investment Operations Manager | 5,410 EUR |
Investment Underwriter | 2,170 EUR |
Investor | 3,110 EUR |
Investor Relations Manager | 4,770 EUR |
KYC Team Leader | 4,630 EUR |
Loan Processor | 2,120 EUR |
Management Accountant | 2,710 EUR |
Management Economist | 5,520 EUR |
Paymaster | 1,960 EUR |
Payroll Administrator | 3,340 EUR |
Payroll Benefits Coordinator | 2,840 EUR |
Payroll Billing Manager | 4,640 EUR |
Payroll Clerk | 2,180 EUR |
Payroll Manager | 4,500 EUR |
Payroll Officer | 2,180 EUR |
Payroll Specialist | 2,570 EUR |
Payroll Supervisor | 3,100 EUR |
Pensions Administrator | 2,510 EUR |
Personal Financial Advisor | 3,700 EUR |
Pricing Analyst | 4,090 EUR |
Private Equity Analyst | 4,620 EUR |
Project Accountant | 2,550 EUR |
Proposal Development Coordinator | 2,110 EUR |
Quantitative Trader | 3,540 EUR |
Receivables Accountant | 2,210 EUR |
Regulatory Accountant | 2,630 EUR |
Retirement Plan Analyst | 3,800 EUR |
Revenue Management Specialist | 4,310 EUR |
Revenue Recognition Analyst | 4,540 EUR |
Risk Management Director | 6,100 EUR |
Risk Management Supervisor | 4,950 EUR |
Staff Accountant | 2,270 EUR |
Tax Accountant | 2,380 EUR |
Tax Administrator | 2,770 EUR |
Tax Advisor | 3,860 EUR |
Tax Analyst | 3,800 EUR |
Tax Associate | 2,110 EUR |
Tax Consultant | 3,910 EUR |
Tax Director | 5,590 EUR |
Tax Examiner | 2,660 EUR |
Tax Manager | 5,040 EUR |
Tax Research Manager | 4,970 EUR |
Teller | 1,430 EUR |
Treasury Accountant | 2,600 EUR |
Treasury Analyst | 4,040 EUR |
Underwriter | 1,800 EUR |
Underwriting Assistant | 1,660 EUR |
Vice President of Finance | 6,540 EUR |
Accounting and Finance Jobs Pay Scale and Salaries in Dortmund
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/dortmund/accounting-and-finance/median-and-salary-distribution-monthly-dortmund-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
3,840 EUR or more
10% of people earn
3,250 to 3,840 EUR
20% of people earn
1,960 EUR or less
65% of people earn
1,960 to 3,250 EUR
Minimum Salary 1,530 EUR |
Median 3,370 EUR |
Maximum 7,600 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 Dortmund range from 1,530 EUR (starting average salary) to 7,600 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 3,370 EUR, implying that half of the workforce in Dortmund 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 Dortmund earn less than 2,640 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 4,070 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 Dortmund. The analysis revealed that roughly 65% of all reported salaries fell within the range of 1,960 EUR to 3,250 EUR. Approximately 20% of salaries were below the 1,960 EUR mark, while 10% ranged from 3,250 EUR to 3,840 EUR. Only 5% of individuals earned a gross salary of 3,840 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 Dortmund 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 Dortmund, 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 / Dortmund
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 / Dortmund
How much are annual salary increments in Dortmund 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 / Dortmund
22 EUR
per hour The average hourly wage (pay per hour) in Accounting and Finance in Dortmund is 22 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 Dortmund is 9 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 Dortmund?
A good and competitive compensation would range anywhere between 3,370 EUR and 4,070 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 Dortmund ranges from 1,530 EUR to 2,640 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