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Accountant Average Salary in Mexico 2024

How much money does a person working as Accountant make in Mexico?


Average Monthly Salary
22,400 MXN
( 268,000 MXN yearly)

LOW
11,200
MXN
AVERAGE
22,400
MXN
HIGH
34,700
MXN
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 as Accountant in Mexico typically earns around 22,400 MXN. Salaries range from 11,200 MXN (lowest) to 34,700 MXN (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Accountant salaries in Mexico vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Accountant Pay Scale and Salaries in Mexico

Median and salary distribution Mexico Accountant monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
20,600 MXN or more
10% of people earn
18,200 to 20,600 MXN
20% of people earn
13,100 MXN or less
65% of people earn
13,100 to 18,200 MXN
Minimum Salary
11,200 MXN
Median
20,700 MXN
Maximum
34,700 MXN




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 for the position Accountant in Mexico range from 11,200 MXN (starting salary) to 34,700 MXN (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 20,700 MXN, half of the professionals who work as Accountant in Mexico 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 Accountant in Mexico earn less than 17,000 MXN, while 75% earn more. Similarly, the chart shows that 75% earn less than 23,600 MXN 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 Accountant in Mexico compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 13,100 MXN to 18,200 MXN. About 20% of salaries are below the 13,100 MXN mark, while 10% fall within the range of 18,200 MXN to 20,600 MXN. Only 5% of individuals have salaries exceeding 20,600 MXN.

Salary Comparison by Years of Experience / Accountant / Mexico

How do experience and age affect pay?

0 - 2 Years
13,400 MXN
2 - 5 Years+32%
17,800 MXN
5 - 10 Years+34%
23,700 MXN
10 - 15 Years+19%
28,300 MXN
15 - 20 Years+8%
30,500 MXN
20+ Years+7%
32,800 MXN
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Mexico Accountant
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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. We broke down salaries by experience level for people working as Accountant and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 13,400 MXN.

While someone with an experience level between two and five years is expected to earn 17,800 MXN, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 23,700 MXN, 34% 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 28,300 MXN, 19% 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 30,500 MXN, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 32,800 MXN, 7% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Accountant / Mexico

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Accountant.

High School
16,800 MXN
Certificate or Diploma+14%
19,200 MXN
Bachelor's Degree+36%
26,000 MXN
Master's Degree+26%
32,800 MXN
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Mexico Accountant
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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 Accountant in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 16,800 MXN.


Level 2: Certificate or Diploma

At this level, the average salary becomes 19,200 MXN, 14% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 26,000 MXN, 36% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 32,800 MXN, 26% 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 Mexico costs anywhere from 167,000 MXN to 500,000 MXN 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Accountant / Mexico

Salary comparison by gender Mexico Accountant 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? For the people who work as Accountant in Mexico, the average difference between the salary of male and female employees is 6%.

Male
22,900 MXN
Female-6%
21,600 MXN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Mexico for all Careers

Salary comparison by gender monthly Mexico
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Average Annual Salary Increment Percentage / Accountant / Mexico

How much are annual salary increments in Mexico for individuals working as Accountant? How often do employees get salary raises?

Individuals working as Accountant in Mexico are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Mexico Accountant
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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.

Mexico / All Professions

Annual Salary Increment Rate Mexico
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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 Mexico is 5%.

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 / Accountant / Mexico

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Mexico Accountant
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46% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 54% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
54%
No Bonus
46%

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.

Average Hourly Wage / Accountant / Mexico


130 MXN per hour

The average hourly wage (pay per hour) for individuals working as Accountant in Mexico is 130 MXN.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 as Accountant in Mexico is 64 MXN. 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 TitleAverage Salary
Accounting and Finance-100%
Account Examiner17,500 MXN-22%
Account Executive28,900 MXN+29%
Accountant22,400 MXN+0%
Accounting Analyst29,700 MXN+33%
Accounting Assistant18,200 MXN-19%
Accounting Associate16,400 MXN-27%
Accounting Clerk14,300 MXN-36%
Accounting Coordinator21,000 MXN-6%
Accounting Head45,700 MXN+100%
Accounting Manager49,500 MXN+120%
Accounting Officer16,800 MXN-25%
Accounting Specialist32,000 MXN+43%
Accounting Supervisor33,900 MXN+52%
Accounting Technician17,200 MXN-23%
Accounting Unit Controller38,000 MXN+70%
Accounts Executive28,800 MXN+29%
Accounts Officer19,200 MXN-14%
Accounts Payable and Receivable Specialist23,500 MXN+5%
Accounts Payable Assistant18,200 MXN-19%
Accounts Payable Associate21,600 MXN-3%
Accounts Payable Clerk18,000 MXN-19%
Accounts Payable Manager45,000 MXN+100%
Accounts Receivable Administrator35,600 MXN+59%
Accounts Receivable Clerk17,600 MXN-21%
Accounts Receivable Financial Analyst31,900 MXN+43%
Accounts Receivable Manager47,800 MXN+110%
Accounts Receivable Team Leader33,000 MXN+48%
Algorithmic Trading Specialist40,700 MXN+82%
Assistant Accountant18,300 MXN-18%
Assistant Accounting Manager43,500 MXN+95%
Assistant Auditor23,800 MXN+6%
Assistant Corporate Controller31,700 MXN+42%
Assistant Finance Manager51,300 MXN+130%
Assistant Financial Controller30,500 MXN+36%
Audit Director51,400 MXN+130%
Audit Supervisor44,700 MXN+100%
Auditing Clerk19,200 MXN-14%
Auditing Manager48,800 MXN+120%
Billing Clerk18,600 MXN-17%
Billing Coordinator20,900 MXN-7%
Billing Specialist24,800 MXN+11%
Billing Supervisor36,500 MXN+63%
Bookkeeper14,800 MXN-34%
Bookkeeping Specialist23,500 MXN+5%
Budget Analyst40,100 MXN+79%
Budget Manager50,000 MXN+120%
Business Support Analyst26,800 MXN+20%
Capital Markets Associate34,400 MXN+54%
Cash Flow Analyst34,400 MXN+54%
Cash Management Manager46,900 MXN+110%
Cash Management Officer28,300 MXN+27%
Cashbook Clerk15,300 MXN-32%
Chartered Accountant29,600 MXN+32%
Chief Accountant34,900 MXN+56%
Chief Financial Technology Officer47,000 MXN+110%
Collections Clerk15,100 MXN-32%
Collections Representative20,800 MXN-7%
Collections Specialist23,500 MXN+5%
Corporate Controller38,100 MXN+70%
Corporate Treasurer44,100 MXN+97%
Cost Accountant24,000 MXN+7%
Cost Accounting Manager47,700 MXN+110%
Cost Accounting Supervisor37,800 MXN+69%
Cost Analyst36,000 MXN+61%
Credit and Collection Manager48,400 MXN+120%
Credit and Collection Staff18,100 MXN-19%
Credit and Loans Officer17,000 MXN-24%
Credit Controller32,700 MXN+46%
Credit Manager50,800 MXN+130%
Debt Adviser38,400 MXN+72%
Debt Collector19,400 MXN-13%
Debtors Clerk15,500 MXN-31%
Debtors Controller16,800 MXN-25%
Deputy CFO65,000 MXN+190%
Deputy Head of Finance63,600 MXN+180%
Derivative Trader42,200 MXN+89%
Director of Finance70,700 MXN+220%
E-commerce Accountant25,400 MXN+14%
Economist53,800 MXN+140%
Equity Analyst40,700 MXN+82%
Escrow Assistant20,500 MXN-8%
Executive Accountant25,900 MXN+16%
External Auditor34,200 MXN+53%
Finance Administrator28,400 MXN+27%
Finance Analyst41,900 MXN+87%
Finance Associate19,900 MXN-11%
Finance Data Analyst36,300 MXN+62%
Finance Director70,300 MXN+210%
Finance Executive51,800 MXN+130%
Finance Licensing Clerk16,800 MXN-25%
Finance Licensing Manager46,200 MXN+110%
Finance Licensing Specialist24,600 MXN+10%
Finance Manager62,800 MXN+180%
Finance Officer23,100 MXN+3%
Finance President69,300 MXN+210%
Finance Relationship Manager55,000 MXN+150%
Finance Release Analyst25,700 MXN+15%
Finance Specialist38,600 MXN+73%
Finance Team Leader 52,400 MXN+130%
Financial Accountant22,600 MXN+1%
Financial Actuary37,700 MXN+69%
Financial Administrator39,700 MXN+78%
Financial Advisor44,000 MXN+97%
Financial Analyst40,700 MXN+82%
Financial Applications Specialist29,500 MXN+32%
Financial Assistant19,800 MXN-11%
Financial Associate21,800 MXN-2%
Financial Claims Analyst32,500 MXN+45%
Financial Claims Manager40,500 MXN+81%
Financial Claims Supervisor39,100 MXN+75%
Financial Clerk17,700 MXN-21%
Financial Commercial Analyst33,000 MXN+48%
Financial Compliance Analyst39,500 MXN+77%
Financial Compliance Officer37,100 MXN+66%
Financial Consultant31,100 MXN+39%
Financial Controller37,900 MXN+70%
Financial Coordinator22,400 MXN+0%
Financial Customer Service Manager42,000 MXN+88%
Financial Data Scientist45,200 MXN+100%
Financial Dealer and Broker26,000 MXN+16%
Financial Director68,100 MXN+200%
Financial Encoder19,200 MXN-14%
Financial Manager67,500 MXN+200%
Financial Modelling Analyst41,100 MXN+84%
Financial Operations Manager60,100 MXN+170%
Financial Policy Analyst35,100 MXN+57%
Financial Project Manager49,500 MXN+120%
Financial Quantitative Analyst41,400 MXN+85%
Financial Reporting Consultant33,700 MXN+51%
Financial Reporting Manager43,200 MXN+93%
Financial Section Head47,100 MXN+110%
Financial Services Manager57,700 MXN+160%
Financial Services Sales Agent26,000 MXN+16%
Financial Technology Consultant37,400 MXN+67%
Financial Wellness Coach45,900 MXN+110%
FinTech Analyst40,100 MXN+79%
Fixed Assets Administrator24,500 MXN+10%
Forensic Accountant27,700 MXN+24%
Fraud Detection Supervisor29,400 MXN+32%
Fraud Prevention Manager45,800 MXN+100%
Fund Accountant22,300 MXN-0%
Grants Coordinator16,900 MXN-24%
Green Finance Analyst35,000 MXN+57%
Group Financial Manager70,000 MXN+210%
Internal Auditor30,700 MXN+37%
Internal Control Adviser37,600 MXN+68%
Internal Control Officer19,600 MXN-12%
International Tax Director57,600 MXN+160%
Inventory Accountant25,200 MXN+13%
Investment Advisor65,000 MXN+190%
Investment Analyst45,200 MXN+100%
Investment Associate41,300 MXN+85%
Investment Broker39,900 MXN+78%
Investment Fund Manager51,700 MXN+130%
Investment Operations Manager55,100 MXN+150%
Investment Underwriter20,500 MXN-8%
Investor29,300 MXN+31%
Investor Relations Manager47,500 MXN+110%
KYC Team Leader46,000 MXN+110%
Loan Processor18,900 MXN-15%
Management Accountant26,800 MXN+20%
Management Economist55,000 MXN+150%
Paymaster18,500 MXN-17%
Payroll Administrator31,200 MXN+40%
Payroll Benefits Coordinator25,700 MXN+15%
Payroll Billing Manager44,200 MXN+98%
Payroll Clerk21,400 MXN-4%
Payroll Manager42,300 MXN+89%
Payroll Officer19,800 MXN-11%
Payroll Specialist24,600 MXN+10%
Payroll Supervisor30,700 MXN+37%
Pensions Administrator25,000 MXN+12%
Personal Financial Advisor36,700 MXN+64%
Pricing Analyst38,300 MXN+71%
Private Equity Analyst40,800 MXN+83%
Project Accountant25,300 MXN+13%
Proposal Development Coordinator21,000 MXN-6%
Quantitative Trader34,000 MXN+52%
Receivables Accountant21,500 MXN-4%
Regulatory Accountant24,600 MXN+10%
Retirement Plan Analyst38,100 MXN+70%
Revenue Management Specialist37,200 MXN+66%
Revenue Recognition Analyst42,900 MXN+92%
Risk Management Director55,300 MXN+150%
Risk Management Supervisor47,300 MXN+110%
Staff Accountant23,500 MXN+5%
Tax Accountant22,500 MXN+1%
Tax Administrator26,700 MXN+19%
Tax Advisor35,500 MXN+59%
Tax Analyst36,900 MXN+65%
Tax Associate19,000 MXN-15%
Tax Consultant36,200 MXN+62%
Tax Director54,700 MXN+140%
Tax Examiner24,900 MXN+11%
Tax Manager45,900 MXN+110%
Tax Research Manager47,800 MXN+110%
Teller14,500 MXN-35%
Treasury Accountant24,600 MXN+10%
Treasury Analyst40,800 MXN+83%
Underwriter16,800 MXN-25%
Underwriting Assistant14,900 MXN-33%
Vice President of Finance65,500 MXN+190%

Salary Comparison By City

CityAverage Salary
Cancun28,200 MXN
Guadalajara28,800 MXN
Mexico City29,100 MXN

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 Mexico is 9% on average across all career fields.

Private Sector
32,000 MXN
Public Sector+9%
34,800 MXN
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 for the job title Accountant in Mexico?

A good and competitive compensation would range anywhere between 20,700 MXN and 23,600 MXN. 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 Accountant in Mexico ranges from 11,200 MXN to 17,000 MXN. 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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