Accountants are professionals who are tasked with the management of financial records and the responsibility of ensuring that such records are correct and up to date. In the year 2023, an accountant in Pakistan can expect to make anywhere between Rs. 30,000 and Rs. 50,000 as a monthly compensation on average. However, Accountant Salary In Pakistan makes can change depending on their level of experience, education, and the talents they possess.
According to data provided by Glassdoor, the typical annual pay for an accountant in Pakistan is fifty thousand dollars. With a median salary of $79,310, the financial services and insurance sector boasts the highest wages of all industries. In this article, we will explore the elements that determine the average monthly pay of an accountant in Pakistan in the year 2023, as well as the salary itself. In addition to this, we will offer details on the functions and responsibilities of accountants, as well as the many categories of accountants.
Bank Accountant Salary in Pakistan
In Pakistan, a bank accountant’s pay may differ based on their experience, their skill level, and the bank’s location. However, a bank accountant typically makes roughly PKR 50,000 per month in Pakistan.
According to experience, the following table breaks down the typical compensation range for bank accountants in Pakistan:
- Monthly salary for a junior accountant: PKR 30,000–40,000
- Monthly salary for a mid-level accountant: PKR 40,000–60,000
- Senior Accountant Salary: PKR 60,000 – 90,000.
- PKR 90,000 to 120,000 per month for a lead accountant
- The pay range may also change based on where the bank is located. Banks in large cities, like Karachi and Lahore, typically provide larger compensation than banks in less populous areas.
Bank accountants may also be paid on top of their base income in the form of bonuses, commissions, and profit sharing. Depending on the bank and the person’s performance, there may be a range in the amount of additional pay.
In Pakistan, a bank accountant can get up to PKR 200,000 per month as their top income. However, this is only applicable to the most qualified and experienced accountants who work for prestigious banks.
The following Elements may have an impact on a bank accountant’s pay in Pakistan:
- Experience: An accountant’s pay will increase as they get more experience.
- Education: Compared to accountants with a bachelor’s degree, individuals with a master’s degree in accounting or finance can earn greater pay.
- Competencies: Accountants with specific knowledge, such as in auditing or financial analysis, might earn more money.
- Location: Accountants in big cities often make more money than those in smaller towns.
- Bank: An accountant’s pay may vary depending on the sort of bank where they work. Banks that are more successful typically pay their staff larger wages.
Accountant Salary In Pakistan Per Month Average 2023
There are a few things you can do if you’re interested in working as a bank accountant in Pakistan to improve your chances of landing a well-paying position. Get a decent education first. A decent place to start is with a bachelor’s degree in finance or accounting. Gain experience next. Volunteering and internships can help you develop your abilities and make connections with possible employers. Finally, concentrate on one aspect of accounting. Employers will find you more appealing as a result.
Senior Accountant Salary in Pakistan
The expected monthly compensation for a senior accountant in Pakistan is PKR 145,000, with an average pay of PKR 60,000. These figures show the median, or the midpoint of the ranges, from our unique Total Pay Estimate methodology, which is based on data about wages gathered from our users. The estimated monthly increase in wages is PKR 85,000. Cash bonuses, commissions, tips, and profit sharing are all possible forms of additional compensation. The values in the “Most Likely Range” fall between the 25th and the 75th percentile of all the pay information that is currently available for this role.
Accountant Salary in Pakistan 2023
The expected monthly compensation for an accountant in Pakistan is PKR 175,000, with an average wage of PKR 50,000. These figures show the median, or the midpoint of the ranges, from our unique Total Pay Estimate methodology, which is based on data about wages gathered from our users. The estimated monthly increase in wages is PKR 125,000. Cash bonuses, commissions, tips, and profit sharing are all possible forms of additional compensation. The values in the “Most Likely Range” fall between the 25th and the 75th percentile of all the pay information that is currently available for this role.
Junior Accountant Salary in Pakistan
Some similar job titles include Accounting Clerk, which pays an average of PKR 90,000, Junior Accountant, which pays an average of PKR 1,000,000, Staff Accountant, which pays an average of PKR 700, and Accounting Manager, which pays an average of PKR 54,130.
Chartered Accountant salary in Pakistan
We already know that, on average, a Chartered Accountant in Pakistan can make between 425,100 PKR and 1,320,500 PKR. In statistics, this is called the range.
The difference between the highest and lowest numbers shows how much salaries can vary. Employers can use this to figure out how much they can expect to pay, and workers can use it to figure out how much they can earn.
Tax Accountant Salary In Pakistan
- In Pakistan, The average salary for a tax accountant is often close to 500,000 Pakistani Rupees (PKR).
- Payscale reports that the annual pay for a tax accountant in Pakistan is Rs 600,000 on average. [Pakistani Rupees]
Management Accountant Salary In Pakistan
- In Pakistan, The average salary for a management accountant is often somewhere in the neighborhood of 800,000 PKR.
- According to Payscale, the average salary for a management accountant in Pakistan is 1,200,000 Rs on average.
Cost Accountant Salary In Pakistan
- The average salary of around 600,000 Pakistani Rupees (PKR) is considered to be the norm for a cost accountant in Pakistan.
- According to Payscale, that the annual income for a cost accountant in Pakistan is Rs 800,000 on average. [Pakistani Rupees]
It is essential to keep in mind that the statistics presented here are averages, and that actual salaries may differ significantly depending on experience level, geographic area, and the particular company in question.
What Is The Salary Of Accountant In Pakistan
Here’s what different types of accountants in Pakistan make:
Accountant Salary in Pakistan:
- A Pakistani accountant can make an average of about 677,100 PKR per year.
- In Pakistan, the average pay for an accountant in 2023 is Rs 452,065.
- In Pakistan, an accountant makes an average of PKR 1,881,538 per year and PKR 905 per hour.
- Total pay for an accountant in Pakistan is expected to be PKR 175,000 per month, with an average income of PKR 50,000 per month.
- In Pakistan, a person who works as an accountant usually makes around 56,400 PKR per month. From 27,100 PKR (the least) to 88,600 PKR (the most), salaries vary.