Inventory Accountant Average Salary in Dortmund 2024
How much money does a person working as Inventory Accountant make in Dortmund?
LOW
1,440
EUR AVERAGE
2,710
EUR HIGH
4,120
EUR
A person working as Inventory Accountant in Dortmund typically earns around 2,710 EUR. Salaries range from 1,440 EUR (lowest) to 4,120 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Inventory Accountant salaries in Dortmund vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Inventory Accountant Pay Scale and Salaries in Dortmund
Salary Structure and Pay Scale Comparison
2,440 EUR or more
2,180 to 2,440 EUR
1,600 EUR or less
1,600 to 2,180 EUR
 1,440 EUR |
2,450 EUR |
4,120 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Inventory Accountant in Dortmund range from 1,440 EUR (starting salary) to 4,120 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 2,450 EUR, half of the professionals who work as Inventory Accountant in Dortmund earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Inventory Accountant in Dortmund earn less than 2,040 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,770 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Inventory Accountant in Dortmund compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,600 EUR to 2,180 EUR. About 20% of salaries are below the 1,600 EUR mark, while 10% fall within the range of 2,180 EUR to 2,440 EUR. Only 5% of individuals have salaries exceeding 2,440 EUR.
Salary Comparison by Years of Experience / Inventory Accountant / Dortmund
How do experience and age affect pay?
| 0 - 2 Years | 1,650 EUR | |
| 2 - 5 Years | +23% | 2,030 EUR |
| 5 - 10 Years | +42% | 2,870 EUR |
| 10 - 15 Years | +17% | 3,360 EUR |
| 15 - 20 Years | +10% | 3,690 EUR |
| 20+ Years | +6% | 3,910 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Inventory Accountant and this is what we found.
Employees with less than two years of experience earn approximately 1,650 EUR.
While someone with an experience level between two and five years is expected to earn 2,030 EUR, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,870 EUR, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,360 EUR, 17% 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 3,690 EUR, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,910 EUR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Inventory Accountant / Dortmund
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Inventory Accountant.
| High School | 2,000 EUR | |
| Certificate or Diploma | +13% | 2,270 EUR |
| Bachelor's Degree | +31% | 2,970 EUR |
| Master's Degree | +32% | 3,910 EUR |
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 salaries by education level for the position Inventory Accountant in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 2,000 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,270 EUR, 13% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 2,970 EUR, 31% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 3,910 EUR, 32% more than the previous level.
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.
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 to a higher-paying job. The numbers seem to support the theory. 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 and Compensation Comparison By Gender / Inventory Accountant / Dortmund
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Inventory Accountant in Germany, the average difference between the salary of male and female employees is 6%.
| Male | 2,870 EUR | |
| Female | -6% | 2,700 EUR |
Salary Comparison By Gender in Germany for all Careers
Average Annual Salary Increment Percentage / Inventory Accountant / Dortmund
How much are annual salary increments in Dortmund for individuals working as Inventory Accountant? How often do employees get salary raises?
Individuals working as Inventory Accountant 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.
Germany / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Inventory Accountant / Germany
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/accounting-and-finance/inventory-accountant/annual-salary-bonus-rate-germany-inventory-accountant.jpg
100% of surveyed staff 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: | Example: |
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.
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.
Average Hourly Wage / Inventory Accountant / Dortmund
16 EUR per hourThe average hourly wage (pay per hour) for individuals working as Inventory Accountant in Dortmund is 16 EUR.This is the rate they get paid for every worked hour.
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 as Inventory Accountant in Dortmund is 8 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 1,850 EUR | -32% |
| Account Executive | 3,210 EUR |  +18% |
| Accountant | 2,380 EUR | -12% |
| Accounting Analyst | 2,920 EUR | +8% |
| Accounting Assistant | 1,830 EUR | -32% |
| Accounting Associate | 1,770 EUR | -35% |
| Accounting Clerk | 1,510 EUR | -44% |
| Accounting Coordinator | 2,220 EUR | -18% |
| Accounting Head | 5,080 EUR | +87% |
| Accounting Manager | 5,470 EUR | +100% |
| Accounting Officer | 1,920 EUR | -29% |
| Accounting Specialist | 3,460 EUR | +28% |
| Accounting Supervisor | 3,290 EUR | +21% |
| Accounting Technician | 1,750 EUR | -35% |
| Accounting Unit Controller | 4,330 EUR | +60% |
| Accounts Executive | 3,220 EUR | +19% |
| Accounts Officer | 1,970 EUR | -27% |
| Accounts Payable and Receivable Specialist | 2,460 EUR | -9% |
| Accounts Payable Assistant | 1,990 EUR | -27% |
| Accounts Payable Associate | 2,210 EUR | -18% |
| Accounts Payable Clerk | 1,890 EUR | -30% |
| Accounts Payable Manager | 4,950 EUR | +83% |
| Accounts Receivable Administrator | 3,800 EUR | +40% |
| Accounts Receivable Clerk | 1,840 EUR | -32% |
| Accounts Receivable Financial Analyst | 3,510 EUR | +29% |
| Accounts Receivable Manager | 4,740 EUR | +75% |
| Accounts Receivable Team Leader | 3,620 EUR | +34% |
| Algorithmic Trading Specialist | 4,250 EUR | +57% |
| Assistant Accountant | 1,920 EUR | -29% |
| Assistant Accounting Manager | 4,470 EUR | +65% |
| Assistant Auditor | 2,580 EUR | -5% |
| Assistant Corporate Controller | 3,330 EUR | +23% |
| Assistant Finance Manager | 5,320 EUR | +96% |
| Assistant Financial Controller | 3,370 EUR | +24% |
| Audit Director | 5,840 EUR | +120% |
| Audit Supervisor | 4,590 EUR | +69% |
| Auditing Clerk | 1,970 EUR | -27% |
| Auditing Manager | 4,940 EUR | +82% |
| Billing Clerk | 1,980 EUR | -27% |
| Billing Coordinator | 2,340 EUR | -14% |
| Billing Specialist | 2,720 EUR | +0% |
| Billing Supervisor | 3,850 EUR | +42% |
| Bookkeeper | 1,630 EUR | -40% |
| Bookkeeping Specialist | 2,390 EUR | -12% |
| Budget Analyst | 4,210 EUR | +55% |
| Budget Manager | 4,970 EUR | +83% |
| Business Support Analyst | 2,910 EUR | +7% |
| Capital Markets Associate | 3,680 EUR | +36% |
| Cash Flow Analyst | 3,580 EUR | +32% |
| Cash Management Manager | 5,120 EUR | +89% |
| Cash Management Officer | 2,930 EUR | +8% |
| Cashbook Clerk | 1,770 EUR | -35% |
| Chartered Accountant | 3,210 EUR | +18% |
| Chief Accountant | 3,530 EUR | +30% |
| Chief Financial Technology Officer | 5,120 EUR | +89% |
| Collections Clerk | 1,470 EUR | -46% |
| Collections Representative | 2,190 EUR | -19% |
| Collections Specialist | 2,650 EUR | -2% |
| Corporate Controller | 3,800 EUR | +40% |
| Corporate Treasurer | 4,960 EUR | +83% |
| Cost Accountant | 2,480 EUR | -9% |
| Cost Accounting Manager | 5,090 EUR | +88% |
| Cost Accounting Supervisor | 3,930 EUR | +45% |
| Cost Analyst | 4,020 EUR | +48% |
| Credit and Collection Manager | 4,810 EUR | +77% |
| Credit and Collection Staff | 1,890 EUR | -30% |
| Credit and Loans Officer | 1,800 EUR | -34% |
| Credit Controller | 3,320 EUR | +22% |
| Credit Manager | 5,110 EUR | +88% |
| Debt Adviser | 3,980 EUR | +47% |
| Debt Collector | 1,910 EUR | -30% |
| Debtors Clerk | 1,760 EUR | -35% |
| Debtors Controller | 1,920 EUR | -29% |
| Deputy CFO | 7,100 EUR | +160% |
| Deputy Head of Finance | 6,910 EUR | +150% |
| Derivative Trader | 4,100 EUR | +51% |
| Director of Finance | 7,400 EUR | +170% |
| E-commerce Accountant | 2,620 EUR | -3% |
| Economist | 5,790 EUR | +110% |
| Equity Analyst | 4,520 EUR | +67% |
| Escrow Assistant | 2,160 EUR | -20% |
| Executive Accountant | 2,860 EUR | +5% |
| External Auditor | 3,620 EUR | +34% |
| Finance Administrator | 2,810 EUR | +4% |
| Finance Analyst | 4,670 EUR | +72% |
| Finance Associate | 2,060 EUR | -24% |
| Finance Data Analyst | 3,990 EUR | +47% |
| Finance Director | 7,620 EUR | +180% |
| Finance Executive | 5,490 EUR | +100% |
| Finance Licensing Clerk | 1,730 EUR | -36% |
| Finance Licensing Manager | 4,980 EUR | +84% |
| Finance Licensing Specialist | 2,780 EUR | +3% |
| Finance Manager | 7,140 EUR | +160% |
| Finance Officer | 2,490 EUR | -8% |
| Finance President | 7,550 EUR | +180% |
| Finance Relationship Manager | 5,850 EUR | +120% |
| Finance Release Analyst | 2,850 EUR | +5% |
| Finance Specialist | 4,160 EUR | +53% |
| Finance Team Leader | 5,560 EUR | +110% |
| Financial Accountant | 2,580 EUR | -5% |
| Financial Actuary | 3,630 EUR | +34% |
| Financial Administrator | 3,940 EUR | +45% |
| Financial Advisor | 4,500 EUR | +66% |
| Financial Analyst | 4,340 EUR | +60% |
| Financial Applications Specialist | 3,190 EUR | +18% |
| Financial Assistant | 2,030 EUR | -25% |
| Financial Associate | 2,330 EUR | -14% |
| Financial Claims Analyst | 3,350 EUR | +24% |
| Financial Claims Manager | 4,370 EUR | +61% |
| Financial Claims Supervisor | 4,000 EUR | +48% |
| Financial Clerk | 1,890 EUR | -30% |
| Financial Commercial Analyst | 3,510 EUR | +29% |
| Financial Compliance Analyst | 4,050 EUR | +49% |
| Financial Compliance Officer | 3,860 EUR | +42% |
| Financial Consultant | 3,370 EUR | +24% |
| Financial Controller | 3,820 EUR | +41% |
| Financial Coordinator | 2,360 EUR | -13% |
| Financial Customer Service Manager | 4,420 EUR | +63% |
| Financial Data Scientist | 4,460 EUR | +65% |
| Financial Dealer and Broker | 2,640 EUR | -3% |
| Financial Director | 7,120 EUR | +160% |
| Financial Encoder | 2,190 EUR | -19% |
| Financial Manager | 6,640 EUR | +140% |
| Financial Modelling Analyst | 4,250 EUR | +57% |
| Financial Operations Manager | 6,320 EUR | +130% |
| Financial Policy Analyst | 3,720 EUR | +37% |
| Financial Project Manager | 5,280 EUR | +95% |
| Financial Quantitative Analyst | 4,180 EUR | +54% |
| Financial Reporting Consultant | 3,440 EUR | +27% |
| Financial Reporting Manager | 4,580 EUR | +69% |
| Financial Section Head | 4,530 EUR | +67% |
| Financial Services Manager | 6,580 EUR | +140% |
| Financial Services Sales Agent | 2,610 EUR | -4% |
| Financial Technology Consultant | 4,060 EUR | +50% |
| Financial Wellness Coach | 5,220 EUR | +93% |
| FinTech Analyst | 4,320 EUR | +59% |
| Fixed Assets Administrator | 2,580 EUR | -5% |
| Forensic Accountant | 2,950 EUR | +9% |
| Fraud Detection Supervisor | 2,940 EUR | +8% |
| Fraud Prevention Manager | 5,300 EUR | +95% |
| Fund Accountant | 2,450 EUR | -10% |
| Grants Coordinator | 1,820 EUR | -33% |
| Green Finance Analyst | 3,760 EUR | +39% |
| Group Financial Manager | 7,040 EUR | +160% |
| Internal Auditor | 3,410 EUR | +26% |
| Internal Control Adviser | 3,750 EUR | +38% |
| Internal Control Officer | 2,260 EUR | -17% |
| International Tax Director | 5,960 EUR | +120% |
| Inventory Accountant | 2,710 EUR | -0% |
| Investment Advisor | 6,770 EUR | +150% |
| Investment Analyst | 4,930 EUR | +82% |
| Investment Associate | 3,980 EUR | +47% |
| Investment Broker | 4,130 EUR | +52% |
| Investment Fund Manager | 5,770 EUR | +110% |
| Investment Operations Manager | 5,410 EUR | +100% |
| Investment Underwriter | 2,170 EUR | -20% |
| Investor | 3,110 EUR | +15% |
| Investor Relations Manager | 4,770 EUR | +76% |
| KYC Team Leader | 4,630 EUR | +71% |
| Loan Processor | 2,120 EUR | -22% |
| Management Accountant | 2,710 EUR | -0% |
| Management Economist | 5,520 EUR | +100% |
| Paymaster | 1,960 EUR | -28% |
| Payroll Administrator | 3,340 EUR | +23% |
| Payroll Benefits Coordinator | 2,840 EUR | +5% |
| Payroll Billing Manager | 4,640 EUR | +71% |
| Payroll Clerk | 2,180 EUR | -20% |
| Payroll Manager | 4,500 EUR | +66% |
| Payroll Officer | 2,180 EUR | -20% |
| Payroll Specialist | 2,570 EUR | -5% |
| Payroll Supervisor | 3,100 EUR | +14% |
| Pensions Administrator | 2,510 EUR | -7% |
| Personal Financial Advisor | 3,700 EUR | +36% |
| Pricing Analyst | 4,090 EUR | +51% |
| Private Equity Analyst | 4,620 EUR | +70% |
| Project Accountant | 2,550 EUR | -6% |
| Proposal Development Coordinator | 2,110 EUR | -22% |
| Quantitative Trader | 3,540 EUR | +31% |
| Receivables Accountant | 2,210 EUR | -18% |
| Regulatory Accountant | 2,630 EUR | -3% |
| Retirement Plan Analyst | 3,800 EUR | +40% |
| Revenue Management Specialist | 4,310 EUR | +59% |
| Revenue Recognition Analyst | 4,540 EUR | +67% |
| Risk Management Director | 6,100 EUR | +130% |
| Risk Management Supervisor | 4,950 EUR | +83% |
| Staff Accountant | 2,270 EUR | -16% |
| Tax Accountant | 2,380 EUR | -12% |
| Tax Administrator | 2,770 EUR | +2% |
| Tax Advisor | 3,860 EUR | +42% |
| Tax Analyst | 3,800 EUR | +40% |
| Tax Associate | 2,110 EUR | -22% |
| Tax Consultant | 3,910 EUR | +44% |
| Tax Director | 5,590 EUR | +110% |
| Tax Examiner | 2,660 EUR | -2% |
| Tax Manager | 5,040 EUR | +86% |
| Tax Research Manager | 4,970 EUR | +83% |
| Teller | 1,430 EUR | -47% |
| Treasury Accountant | 2,600 EUR | -4% |
| Treasury Analyst | 4,040 EUR | +49% |
| Underwriter | 1,800 EUR | -34% |
| Underwriting Assistant | 1,660 EUR | -39% |
| Vice President of Finance | 6,540 EUR | +140% |
Salary Comparison By City
| City | Average Salary |
| Berlin | 3,040 EUR |
| Dortmund | 2,710 EUR |
| Frankfurt | 2,750 EUR |
| Hamburg | 3,120 EUR |
| Munchen | 2,890 EUR |
| Stuttgart | 2,760 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Inventory Accountant in Dortmund?
A good and competitive compensation would range anywhere between 2,450 EUR and 2,770 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 a careers like Inventory Accountant in Dortmund ranges from 1,440 EUR to 2,040 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
