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Accounting and Finance Average Salaries in Sri Lanka 2024

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

Average Monthly Salary
93,200 LKR
( 1,120,000 LKR 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 Sri Lanka typically earns around 93,200 LKR. Salaries range from 37,400 LKR (lowest average) to 186,000 LKR (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 Sri Lanka 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 Examiner47,900 LKR
Account Executive85,500 LKR
Accountant67,100 LKR
Accounting Analyst79,400 LKR
Accounting Assistant52,700 LKR
Accounting Associate45,400 LKR
Accounting Clerk39,900 LKR
Accounting Coordinator57,500 LKR
Accounting Head135,000 LKR
Accounting Manager134,000 LKR
Accounting Officer48,100 LKR
Accounting Specialist88,300 LKR
Accounting Supervisor87,500 LKR
Accounting Technician47,800 LKR
Accounting Unit Controller109,000 LKR
Accounts Executive81,800 LKR
Accounts Officer51,300 LKR
Accounts Payable and Receivable Specialist69,200 LKR
Accounts Payable Assistant53,700 LKR
Accounts Payable Associate57,700 LKR
Accounts Payable Clerk46,900 LKR
Accounts Payable Manager125,000 LKR
Accounts Receivable Administrator93,300 LKR
Accounts Receivable Clerk47,300 LKR
Accounts Receivable Financial Analyst88,900 LKR
Accounts Receivable Manager124,000 LKR
Accounts Receivable Team Leader93,300 LKR
Algorithmic Trading Specialist120,000 LKR
Assistant Accountant48,500 LKR
Assistant Accounting Manager125,000 LKR
Assistant Auditor64,600 LKR
Assistant Corporate Controller91,900 LKR
Assistant Finance Manager143,000 LKR
Assistant Financial Controller91,600 LKR
Audit Director149,000 LKR
Audit Supervisor119,000 LKR
Auditing Clerk51,300 LKR
Auditing Manager138,000 LKR
Billing Clerk48,700 LKR
Billing Coordinator58,400 LKR
Billing Specialist69,900 LKR
Billing Supervisor103,000 LKR
Bookkeeper44,400 LKR
Bookkeeping Specialist65,100 LKR
Budget Analyst116,000 LKR
Budget Manager140,000 LKR
Business Support Analyst72,900 LKR
Capital Markets Associate99,200 LKR
Cash Flow Analyst103,000 LKR
Cash Management Manager135,000 LKR
Cash Management Officer78,800 LKR
Cashbook Clerk44,500 LKR
Chartered Accountant87,900 LKR
Chief Accountant98,600 LKR
Chief Financial Technology Officer139,000 LKR
Collections Clerk41,300 LKR
Collections Representative58,400 LKR
Collections Specialist64,900 LKR
Corporate Controller104,000 LKR
Corporate Treasurer122,000 LKR
Cost Accountant67,200 LKR
Cost Accounting Manager127,000 LKR
Cost Accounting Supervisor103,000 LKR
Cost Analyst102,000 LKR
Credit and Collection Manager136,000 LKR
Credit and Collection Staff48,700 LKR
Credit and Loans Officer46,600 LKR
Credit Controller91,200 LKR
Credit Manager135,000 LKR
Debt Adviser106,000 LKR
Debt Collector52,000 LKR
Debtors Clerk44,900 LKR
Debtors Controller48,100 LKR
Deputy CFO187,000 LKR
Deputy Head of Finance189,000 LKR
Derivative Trader109,000 LKR
Director of Finance187,000 LKR
E-commerce Accountant71,800 LKR
Economist153,000 LKR
Equity Analyst119,000 LKR
Escrow Assistant58,000 LKR
Executive Accountant71,100 LKR
External Auditor93,300 LKR
Finance Administrator75,000 LKR
Finance Analyst120,000 LKR
Finance Associate56,100 LKR
Finance Data Analyst103,000 LKR
Finance Director191,000 LKR
Finance Executive141,000 LKR
Finance Licensing Clerk48,500 LKR
Finance Licensing Manager129,000 LKR
Finance Licensing Specialist73,300 LKR
Finance Manager182,000 LKR
Finance Officer64,400 LKR
Finance President203,000 LKR
Finance Relationship Manager149,000 LKR
Finance Release Analyst77,300 LKR
Finance Specialist108,000 LKR
Finance Team Leader 144,000 LKR
Financial Accountant64,600 LKR
Financial Actuary101,000 LKR
Financial Administrator113,000 LKR
Financial Advisor119,000 LKR
Financial Analyst119,000 LKR
Financial Applications Specialist81,400 LKR
Financial Assistant52,700 LKR
Financial Associate62,900 LKR
Financial Associate55,200 LKR
Financial Claims Analyst84,500 LKR
Financial Claims Manager112,000 LKR
Financial Claims Supervisor105,000 LKR
Financial Clerk52,300 LKR
Financial Commercial Analyst99,200 LKR
Financial Compliance Analyst105,000 LKR
Financial Compliance Officer101,000 LKR
Financial Consultant92,300 LKR
Financial Controller104,000 LKR
Financial Controller110,000 LKR
Financial Coordinator57,700 LKR
Financial Customer Service Manager119,000 LKR
Financial Data Scientist119,000 LKR
Financial Dealer and Broker71,300 LKR
Financial Director200,000 LKR
Financial Encoder55,000 LKR
Financial Manager181,000 LKR
Financial Manager176,000 LKR
Financial Modelling Analyst116,000 LKR
Financial Operations Manager172,000 LKR
Financial Policy Analyst107,000 LKR
Financial Project Manager132,000 LKR
Financial Quantitative Analyst118,000 LKR
Financial Reporting Consultant91,600 LKR
Financial Reporting Manager132,000 LKR
Financial Section Head127,000 LKR
Financial Services Manager165,000 LKR
Financial Services Sales Agent69,200 LKR
Financial Technology Consultant102,000 LKR
Financial Wellness Coach133,000 LKR
FinTech Analyst112,000 LKR
Fixed Assets Administrator70,100 LKR
Forensic Accountant75,000 LKR
Fraud Detection Supervisor80,400 LKR
Fraud Prevention Manager134,000 LKR
Fund Accountant62,900 LKR
Grants Coordinator46,700 LKR
Green Finance Analyst99,500 LKR
Group Financial Manager186,000 LKR
Internal Auditor89,400 LKR
Internal Control Adviser103,000 LKR
Internal Control Officer57,100 LKR
International Tax Director161,000 LKR
Inventory Accountant70,100 LKR
Investment Advisor177,000 LKR
Investment Analyst131,000 LKR
Investment Associate111,000 LKR
Investment Broker112,000 LKR
Investment Fund Manager148,000 LKR
Investment Operations Manager149,000 LKR
Investment Underwriter56,800 LKR
Investor89,300 LKR
Investor Relations Manager126,000 LKR
KYC Team Leader133,000 LKR
Loan Processor53,000 LKR
Management Accountant76,600 LKR
Management Economist146,000 LKR
Paymaster55,400 LKR
Payroll Administrator89,400 LKR
Payroll Benefits Coordinator69,500 LKR
Payroll Billing Manager115,000 LKR
Payroll Clerk59,400 LKR
Payroll Manager125,000 LKR
Payroll Officer55,200 LKR
Payroll Specialist66,300 LKR
Payroll Supervisor87,500 LKR
Pensions Administrator66,500 LKR
Personal Financial Advisor95,800 LKR
Pricing Analyst113,000 LKR
Private Equity Analyst119,000 LKR
Project Accountant73,200 LKR
Proposal Development Coordinator55,900 LKR
Quantitative Trader91,300 LKR
Receivables Accountant62,000 LKR
Regulatory Accountant72,200 LKR
Retirement Plan Analyst104,000 LKR
Revenue Management Specialist109,000 LKR
Revenue Recognition Analyst120,000 LKR
Risk Management Director152,000 LKR
Risk Management Supervisor125,000 LKR
Staff Accountant63,400 LKR
Tax Accountant63,400 LKR
Tax Administrator74,400 LKR
Tax Advisor105,000 LKR
Tax Analyst95,800 LKR
Tax Associate57,200 LKR
Tax Consultant100,000 LKR
Tax Director146,000 LKR
Tax Examiner72,400 LKR
Tax Manager130,000 LKR
Tax Research Manager130,000 LKR
Teller38,200 LKR
Treasury Accountant68,800 LKR
Treasury Analyst106,000 LKR
Underwriter44,800 LKR
Underwriting Assistant42,300 LKR
Vice President of Finance179,000 LKR

Accounting and Finance Jobs Pay Scale and Salaries in Sri Lanka

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

5% of people earn
97,700 LKR or more
10% of people earn
82,700 to 97,700 LKR
20% of people earn
49,700 LKR or less
65% of people earn
49,700 to 82,700 LKR
Minimum Salary
37,400 LKR
85,600 LKR
186,000 LKR

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 Sri Lanka range from 37,400 LKR (starting average salary) to 186,000 LKR (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 85,600 LKR, implying that half of the workforce in Sri Lanka 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 Sri Lanka earn less than 67,100 LKR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 103,000 LKR, 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 Sri Lanka. The analysis revealed that roughly 65% of all reported salaries fell within the range of 49,700 LKR to 82,700 LKR. Approximately 20% of salaries were below the 49,700 LKR mark, while 10% ranged from 82,700 LKR to 97,700 LKR. Only 5% of individuals earned a gross salary of 97,700 LKR 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 Sri Lanka 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 Sri Lanka, 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 Sri Lanka costs anywhere from 450,000 LKR to 1,350,000 LKR 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 / Sri Lanka

Salary comparison by gender Sri Lanka 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 Sri Lanka, the average difference between the salary of male and female employees is 10%.

96,800 LKR
87,700 LKR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Sri Lanka for all Careers

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

How much are annual salary increments in Sri Lanka for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in Sri Lanka are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Sri Lanka 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.

Sri Lanka / All Professions

Annual Salary Increment Rate Sri Lanka
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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 Sri Lanka 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 / Sri Lanka

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sri Lanka Accounting and Finance
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23% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 77% 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 / Sri Lanka

540 LKR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Sri Lanka is 540 LKR.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 Sri Lanka is 220 LKR. 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
Colombo110,000 LKR

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 Sri Lanka is 8% on average across all career fields.

Private Sector
86,300 LKR
Public Sector+8%
92,900 LKR
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 Sri Lanka?

A good and competitive compensation would range anywhere between 85,600 LKR and 103,000 LKR. 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 Sri Lanka ranges from 37,400 LKR to 67,100 LKR. 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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