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Accounting and Finance Average Salaries in Albania 2021

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


Average Monthly Salary
98,900 ALL
( 1,190,000 ALL yearly)

LOW
40,000
ALL
AVERAGE
98,900
ALL
HIGH
199,000
ALL

A person working in Accounting and Finance in Albania typically earns around 98,900 ALL per month. Salaries range from 40,000 ALL (lowest average) to 199,000 ALL (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner54,900 ALL
Account Executive85,600 ALL
Accountant72,000 ALL
Accounting Assistant56,500 ALL
Accounting Associate52,400 ALL
Accounting Clerk42,800 ALL
Accounting Coordinator65,900 ALL
Accounting Manager143,000 ALL
Accounting Supervisor101,000 ALL
Accounting Technician48,900 ALL
Accounts Executive93,900 ALL
Accounts Payable and Receivable Specialist69,100 ALL
Accounts Payable Clerk50,200 ALL
Accounts Payable Manager134,000 ALL
Accounts Receivable Clerk50,500 ALL
Accounts Receivable Manager132,000 ALL
Assistant Accounting Manager129,000 ALL
Assistant Auditor72,200 ALL
Audit Supervisor126,000 ALL
Auditing Clerk54,400 ALL
Auditing Manager146,000 ALL
Billing Coordinator63,900 ALL
Billing Specialist72,100 ALL
Billing Supervisor108,000 ALL
Bookkeeper46,700 ALL
Bookkeeping Specialist66,700 ALL
Budget Analyst122,000 ALL
Budget Manager147,000 ALL
Business Support Analyst81,400 ALL
Capital Markets Associate110,000 ALL
Cash Flow Analyst108,000 ALL
Cash Management Officer82,500 ALL
Cashbook Clerk46,000 ALL
Chartered Accountant92,000 ALL
Collections Clerk44,600 ALL
Collections Specialist74,700 ALL
Corporate Treasurer140,000 ALL
Cost Accountant69,100 ALL
Cost Accounting Manager146,000 ALL
Cost Analyst117,000 ALL
Credit and Collection Manager142,000 ALL
Credit and Collection Staff51,900 ALL
Credit and Loans Officer53,300 ALL
Credit Controller101,000 ALL
Debt Adviser113,000 ALL
Debt Collector55,300 ALL
Debtors Clerk50,100 ALL
Deputy CFO197,000 ALL
Derivative Trader126,000 ALL
Escrow Assistant60,000 ALL
External Auditor98,500 ALL
Finance Associate62,800 ALL
Finance Executive149,000 ALL
Finance Licensing Clerk49,800 ALL
Finance Licensing Manager132,000 ALL
Finance Licensing Specialist75,100 ALL
Finance Officer66,100 ALL
Finance President202,000 ALL
Finance Relationship Manager162,000 ALL
Finance Release Analyst81,300 ALL
Finance Team Leader 165,000 ALL
Financial Actuary113,000 ALL
Financial Administrator113,000 ALL
Financial Analyst126,000 ALL
Financial Applications Specialist86,500 ALL
Financial Assistant55,900 ALL
Financial Associate56,500 ALL
Financial Claims Analyst97,600 ALL
Financial Claims Manager130,000 ALL
Financial Commercial Analyst106,000 ALL
Financial Compliance Analyst112,000 ALL
Financial Consultant96,600 ALL
Financial Controller111,000 ALL
Financial Coordinator65,000 ALL
Financial Customer Service Manager123,000 ALL
Financial Dealer and Broker75,400 ALL
Financial Encoder58,400 ALL
Financial Manager188,000 ALL
Financial Operations Manager172,000 ALL
Financial Policy Analyst109,000 ALL
Financial Project Manager151,000 ALL
Financial Quantitative Analyst121,000 ALL
Financial Reporting Consultant100,000 ALL
Financial Reporting Manager135,000 ALL
Financial Services Sales Agent78,000 ALL
Fixed Assets Administrator70,100 ALL
Forensic Accountant81,900 ALL
Fraud Detection Supervisor83,100 ALL
Fraud Prevention Manager138,000 ALL
Fund Accountant64,900 ALL
Grants Coordinator54,000 ALL
Internal Auditor94,300 ALL
Internal Control Adviser106,000 ALL
Internal Control Officer58,900 ALL
Inventory Accountant72,000 ALL
Investment Analyst135,000 ALL
Investment Fund Manager165,000 ALL
Investment Underwriter62,900 ALL
Investor91,200 ALL
Investor Relations Manager143,000 ALL
KYC Team Leader143,000 ALL
Management Economist165,000 ALL
Paymaster59,500 ALL
Payroll Clerk60,800 ALL
Payroll Manager128,000 ALL
Pensions Administrator75,000 ALL
Pricing Analyst116,000 ALL
Private Equity Analyst129,000 ALL
Proposal Development Coordinator63,000 ALL
Receivables Accountant63,700 ALL
Regulatory Accountant76,400 ALL
Retirement Plan Analyst107,000 ALL
Revenue Management Specialist112,000 ALL
Revenue Recognition Analyst130,000 ALL
Risk Management Director171,000 ALL
Risk Management Supervisor141,000 ALL
Tax Accountant66,800 ALL
Tax Advisor110,000 ALL
Tax Associate60,200 ALL
Tax Manager146,000 ALL
Teller42,800 ALL
Treasury Accountant73,700 ALL
Treasury Analyst113,000 ALL
Underwriter51,500 ALL
Underwriting Assistant48,500 ALL
Vice President of Finance185,000 ALL

Accounting and Finance Jobs Salary Distribution in Albania

Median and salary distribution monthly Albania Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Albania range from 40,000 ALL per month (minimum average salary) to 199,000 ALL per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 95,000 ALL per month, which means that half (50%) of people working in Accounting and Finance are earning less than 95,000 ALL while the other half are earning more than 95,000 ALL. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Accounting and Finance are earning less than 60,800 ALL while 75% of them are earning more than 60,800 ALL. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 141,000 ALL while 25% are earning more than 141,000 ALL.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

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 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.


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.

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.

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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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 degrees levels across many jobs, below are our findings.


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.

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 cerificate 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 Albania costs anywhere from 480,000 Lek(s) to 1,440,000 Lek(s) 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 into 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 your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly Albania Accounting and Finance
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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? Male employees in Albania who work in Accounting and Finance earn 7% more than their female counterparts on average.

Male
103,000 ALL
Female-7%
95,900 ALL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Albania for all Careers

Salary comparison by gender monthly Albania
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Accounting and Finance Average Annual Salary Increment Percentage in Albania

How much are annual salary increments in Albania for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Albania are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Albania 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.

Albania / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Albania is 2%.

Annual Increment Rate By Industry 2020

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Albania for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Accounting and Finance Bonus and Incentive Rates in Albania

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Albania Accounting and Finance
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Accounting and Finance is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

42% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 58% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
58%
No Bonus
42%

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.

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.

Accounting and Finance Hourly Average Wage in Albania


570 ALL per hour

The average hourly wage (pay per hour) in Albania is 570 ALL. This means that the average person in Albania earns approximately 570 ALL for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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 fix 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Albania
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The average salary for Accounting and Finance is 3% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Berat96,100 ALL
Durres108,000 ALL
Elbasan104,000 ALL
Fier100,000 ALL
Gjirokaster94,500 ALL
Korca98,600 ALL
Lezhe90,900 ALL
Sarande92,600 ALL
Shkodra103,000 ALL
Tirana110,000 ALL
Vlore107,000 ALL

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Albania earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
91,300 ALL
Public Sector+14%
104,000 ALL
Percentage increase and decrease are relative to the previous value

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