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Accounting and Finance Average Salaries in Germany 2024

How much money does a person working in Accounting and Finance make in Germany?

Average Monthly Salary
3,960 EUR
( 47,500 EUR yearly)

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 Germany typically earns around 3,960 EUR. Salaries range from 1,590 EUR (lowest average) to 7,880 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 Germany 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

Job TitleAverage Salary
Accounting and Finance
Account Examiner2,010 EUR
Account Executive3,220 EUR
Accountant2,500 EUR
Accounting Analyst3,240 EUR
Accounting Assistant1,920 EUR
Accounting Associate1,790 EUR
Accounting Clerk1,570 EUR
Accounting Coordinator2,410 EUR
Accounting Head5,110 EUR
Accounting Manager5,670 EUR
Accounting Officer1,920 EUR
Accounting Specialist3,450 EUR
Accounting Supervisor3,640 EUR
Accounting Technician1,770 EUR
Accounting Unit Controller4,340 EUR
Accounts Executive3,170 EUR
Accounts Officer1,950 EUR
Accounts Payable and Receivable Specialist2,690 EUR
Accounts Payable Assistant2,170 EUR
Accounts Payable Associate2,450 EUR
Accounts Payable Clerk1,950 EUR
Accounts Payable Manager5,080 EUR
Accounts Receivable Administrator3,980 EUR
Accounts Receivable Clerk1,880 EUR
Accounts Receivable Financial Analyst3,610 EUR
Accounts Receivable Manager4,810 EUR
Accounts Receivable Team Leader3,890 EUR
Algorithmic Trading Specialist4,660 EUR
Assistant Accountant2,070 EUR
Assistant Accounting Manager4,610 EUR
Assistant Auditor2,710 EUR
Assistant Corporate Controller3,480 EUR
Assistant Finance Manager5,460 EUR
Assistant Financial Controller3,550 EUR
Audit Director6,110 EUR
Audit Supervisor4,540 EUR
Auditing Clerk1,950 EUR
Auditing Manager5,300 EUR
Billing Clerk2,080 EUR
Billing Coordinator2,440 EUR
Billing Specialist2,880 EUR
Billing Supervisor4,070 EUR
Bookkeeper1,720 EUR
Bookkeeping Specialist2,420 EUR
Budget Analyst4,410 EUR
Budget Manager5,180 EUR
Business Support Analyst3,060 EUR
Capital Markets Associate3,800 EUR
Cash Flow Analyst3,710 EUR
Cash Management Manager5,280 EUR
Cash Management Officer3,010 EUR
Cashbook Clerk1,700 EUR
Chartered Accountant3,280 EUR
Chief Accountant3,790 EUR
Chief Financial Technology Officer5,610 EUR
Collections Clerk1,600 EUR
Collections Representative2,320 EUR
Collections Specialist2,640 EUR
Corporate Controller4,060 EUR
Corporate Treasurer4,950 EUR
Cost Accountant2,590 EUR
Cost Accounting Manager5,040 EUR
Cost Accounting Supervisor4,200 EUR
Cost Analyst3,960 EUR
Credit and Collection Manager5,020 EUR
Credit and Collection Staff1,930 EUR
Credit and Loans Officer1,950 EUR
Credit Controller3,410 EUR
Credit Manager5,510 EUR
Debt Adviser4,440 EUR
Debt Collector2,130 EUR
Debtors Clerk1,840 EUR
Debtors Controller1,920 EUR
Deputy CFO7,320 EUR
Deputy Head of Finance7,050 EUR
Derivative Trader4,540 EUR
Director of Finance7,970 EUR
E-commerce Accountant2,810 EUR
Economist6,300 EUR
Equity Analyst4,800 EUR
Escrow Assistant2,320 EUR
Executive Accountant2,800 EUR
External Auditor3,500 EUR
Finance Administrator2,980 EUR
Finance Analyst4,750 EUR
Finance Associate2,180 EUR
Finance Data Analyst4,280 EUR
Finance Director8,010 EUR
Finance Executive5,310 EUR
Finance Licensing Clerk1,780 EUR
Finance Licensing Manager5,110 EUR
Finance Licensing Specialist2,840 EUR
Finance Manager7,470 EUR
Finance Officer2,560 EUR
Finance President7,360 EUR
Finance Relationship Manager6,060 EUR
Finance Release Analyst2,990 EUR
Finance Specialist4,330 EUR
Finance Team Leader 6,020 EUR
Financial Accountant2,580 EUR
Financial Actuary4,100 EUR
Financial Administrator4,290 EUR
Financial Advisor4,660 EUR
Financial Analyst4,690 EUR
Financial Applications Specialist3,180 EUR
Financial Assistant2,010 EUR
Financial Associate2,000 EUR
Financial Associate2,410 EUR
Financial Claims Analyst3,410 EUR
Financial Claims Manager4,420 EUR
Financial Claims Supervisor4,450 EUR
Financial Clerk1,900 EUR
Financial Commercial Analyst3,700 EUR
Financial Compliance Analyst4,010 EUR
Financial Compliance Officer4,120 EUR
Financial Consultant3,440 EUR
Financial Controller4,000 EUR
Financial Controller4,290 EUR
Financial Coordinator2,330 EUR
Financial Customer Service Manager4,750 EUR
Financial Data Scientist4,750 EUR
Financial Dealer and Broker2,870 EUR
Financial Director7,800 EUR
Financial Encoder2,200 EUR
Financial Manager7,380 EUR
Financial Manager6,900 EUR
Financial Modelling Analyst4,490 EUR
Financial Operations Manager6,320 EUR
Financial Policy Analyst4,090 EUR
Financial Project Manager5,230 EUR
Financial Quantitative Analyst4,620 EUR
Financial Reporting Consultant3,620 EUR
Financial Reporting Manager5,040 EUR
Financial Section Head5,120 EUR
Financial Services Manager6,590 EUR
Financial Services Sales Agent2,860 EUR
Financial Technology Consultant4,270 EUR
Financial Wellness Coach5,460 EUR
FinTech Analyst4,500 EUR
Fixed Assets Administrator2,580 EUR
Forensic Accountant3,060 EUR
Fraud Detection Supervisor3,140 EUR
Fraud Prevention Manager5,100 EUR
Fund Accountant2,590 EUR
Grants Coordinator1,840 EUR
Green Finance Analyst4,090 EUR
Group Financial Manager7,600 EUR
Internal Auditor3,620 EUR
Internal Control Adviser4,010 EUR
Internal Control Officer2,180 EUR
International Tax Director6,210 EUR
Inventory Accountant2,780 EUR
Investment Advisor7,120 EUR
Investment Analyst5,160 EUR
Investment Associate4,490 EUR
Investment Broker4,300 EUR
Investment Fund Manager5,860 EUR
Investment Operations Manager5,610 EUR
Investment Underwriter2,190 EUR
Investor3,420 EUR
Investor Relations Manager5,230 EUR
KYC Team Leader4,850 EUR
Loan Processor2,210 EUR
Management Accountant3,000 EUR
Management Economist6,050 EUR
Paymaster2,070 EUR
Payroll Administrator3,390 EUR
Payroll Benefits Coordinator2,950 EUR
Payroll Billing Manager4,790 EUR
Payroll Clerk2,200 EUR
Payroll Manager4,530 EUR
Payroll Officer2,240 EUR
Payroll Specialist2,630 EUR
Payroll Supervisor3,430 EUR
Pensions Administrator2,750 EUR
Personal Financial Advisor3,820 EUR
Pricing Analyst4,110 EUR
Private Equity Analyst4,510 EUR
Project Accountant2,670 EUR
Proposal Development Coordinator2,310 EUR
Quantitative Trader3,620 EUR
Receivables Accountant2,280 EUR
Regulatory Accountant2,840 EUR
Retirement Plan Analyst4,060 EUR
Revenue Management Specialist4,140 EUR
Revenue Recognition Analyst4,660 EUR
Risk Management Director5,980 EUR
Risk Management Supervisor5,340 EUR
Staff Accountant2,560 EUR
Tax Accountant2,510 EUR
Tax Administrator2,840 EUR
Tax Advisor3,940 EUR
Tax Analyst3,860 EUR
Tax Associate2,220 EUR
Tax Consultant3,940 EUR
Tax Director6,220 EUR
Tax Examiner2,820 EUR
Tax Manager5,410 EUR
Tax Research Manager5,310 EUR
Teller1,520 EUR
Treasury Accountant2,700 EUR
Treasury Analyst4,100 EUR
Underwriter1,780 EUR
Underwriting Assistant1,640 EUR
Vice President of Finance6,990 EUR

Accounting and Finance Jobs Pay Scale and Salaries in Germany

Median and salary distribution Germany Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
4,270 EUR or more
10% of people earn
3,620 to 4,270 EUR
20% of people earn
2,180 EUR or less
65% of people earn
2,180 to 3,620 EUR
Minimum Salary
1,590 EUR
3,740 EUR
7,880 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 Germany range from 1,590 EUR (starting average salary) to 7,880 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 3,740 EUR, implying that half of the workforce in Germany 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 Germany earn less than 2,930 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 4,520 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 Germany. 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 4,270 EUR. Only 5% of individuals earned a gross salary of 4,270 EUR or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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 Germany 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.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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 Germany, 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 / Germany

Salary comparison by gender Germany Accounting and Finance monthly
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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%.

4,070 EUR
3,840 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Germany for all Careers

Salary comparison by gender monthly Germany
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Average Annual Salary Increment Percentage / Accounting and Finance / Germany

How much are annual salary increments in Germany 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 10% every 14 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Germany Accounting and Finance
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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

Annual Salary Increment Rate Germany
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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

World Average Annual Salary Increment
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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?Annual Salary Bonus Rate Germany Accounting and Finance
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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.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 / Germany

23 EUR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Germany is 23 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 Germany 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

CityAverage Salary
Berlin4,510 EUR
Bremen3,910 EUR
Dortmund3,820 EUR
Dresden3,680 EUR
Dusseldorf4,140 EUR
Essen3,980 EUR
Frankfurt4,210 EUR
Hamburg4,430 EUR
Hannover3,590 EUR
Koln4,280 EUR
Leipzig3,750 EUR
Munchen4,360 EUR
Nurnberg3,520 EUR
Stuttgart4,050 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 Germany?

A good and competitive compensation would range anywhere between 3,740 EUR and 4,520 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 Germany ranges from 1,590 EUR to 2,930 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

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