How much money does a person working in Accounting and Finance make in Switzerland?
Average Yearly Salary
129,000 CHF
( 10,700 CHF monthly)
LOW
51,600
CHF
AVERAGE
129,000
CHF
HIGH
256,000
CHF
All salary figures displayed here are per year 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 Switzerland typically earns around 129,000 CHF. Salaries range from 51,600 CHF (lowest average) to 256,000 CHF (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 Switzerland 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
Accounting and Finance | |
Account Examiner | 65,200 CHF |
Account Executive | 118,000 CHF |
Accountant | 91,000 CHF |
Accounting Analyst | 114,000 CHF |
|
Accounting Assistant | 71,900 CHF |
Accounting Associate | 65,900 CHF |
Accounting Clerk | 54,700 CHF |
Accounting Coordinator | 78,200 CHF |
Accounting Head | 186,000 CHF |
Accounting Manager | 184,000 CHF |
Accounting Officer | 69,200 CHF |
Accounting Specialist | 128,000 CHF |
Accounting Supervisor | 129,000 CHF |
Accounting Technician | 64,000 CHF |
Accounting Unit Controller | 156,000 CHF |
Accounts Executive | 111,000 CHF |
Accounts Officer | 67,500 CHF |
Accounts Payable and Receivable Specialist | 87,600 CHF |
Accounts Payable Assistant | 69,300 CHF |
Accounts Payable Associate | 84,200 CHF |
Accounts Payable Clerk | 65,200 CHF |
Accounts Payable Manager | 175,000 CHF |
Accounts Receivable Administrator | 138,000 CHF |
Accounts Receivable Clerk | 66,500 CHF |
Accounts Receivable Financial Analyst | 124,000 CHF |
Accounts Receivable Manager | 176,000 CHF |
Accounts Receivable Team Leader | 131,000 CHF |
Algorithmic Trading Specialist | 151,000 CHF |
Assistant Accountant | 67,700 CHF |
Assistant Accounting Manager | 164,000 CHF |
Assistant Auditor | 93,000 CHF |
Assistant Corporate Controller | 128,000 CHF |
Assistant Finance Manager | 184,000 CHF |
Assistant Financial Controller | 127,000 CHF |
Audit Director | 216,000 CHF |
Audit Supervisor | 157,000 CHF |
Auditing Clerk | 67,500 CHF |
Auditing Manager | 186,000 CHF |
Billing Clerk | 71,900 CHF |
Billing Coordinator | 78,400 CHF |
Billing Specialist | 97,900 CHF |
Billing Supervisor | 141,000 CHF |
Bookkeeper | 61,300 CHF |
Bookkeeping Specialist | 87,300 CHF |
Budget Analyst | 162,000 CHF |
Budget Manager | 177,000 CHF |
Business Support Analyst | 105,000 CHF |
Capital Markets Associate | 132,000 CHF |
Cash Flow Analyst | 131,000 CHF |
Cash Management Manager | 173,000 CHF |
Cash Management Officer | 102,000 CHF |
Cashbook Clerk | 62,100 CHF |
Chartered Accountant | 114,000 CHF |
Chief Accountant | 133,000 CHF |
Chief Financial Technology Officer | 179,000 CHF |
Collections Clerk | 54,000 CHF |
Collections Representative | 80,300 CHF |
Collections Specialist | 95,800 CHF |
Corporate Controller | 144,000 CHF |
Corporate Treasurer | 180,000 CHF |
Cost Accountant | 86,600 CHF |
Cost Accounting Manager | 171,000 CHF |
Cost Accounting Supervisor | 146,000 CHF |
Cost Analyst | 138,000 CHF |
Credit and Collection Manager | 171,000 CHF |
Credit and Collection Staff | 68,400 CHF |
Credit and Loans Officer | 63,300 CHF |
Credit Controller | 122,000 CHF |
Credit Manager | 184,000 CHF |
Debt Adviser | 151,000 CHF |
Debt Collector | 74,400 CHF |
Debtors Clerk | 64,900 CHF |
Debtors Controller | 69,200 CHF |
Deputy CFO | 240,000 CHF |
Deputy Head of Finance | 245,000 CHF |
Derivative Trader | 160,000 CHF |
Director of Finance | 262,000 CHF |
E-commerce Accountant | 93,100 CHF |
Economist | 203,000 CHF |
Equity Analyst | 162,000 CHF |
Escrow Assistant | 79,800 CHF |
Executive Accountant | 98,700 CHF |
External Auditor | 127,000 CHF |
Finance Administrator | 107,000 CHF |
Finance Analyst | 163,000 CHF |
Finance Associate | 80,300 CHF |
Finance Data Analyst | 144,000 CHF |
Finance Director | 275,000 CHF |
Finance Executive | 192,000 CHF |
Finance Licensing Clerk | 63,300 CHF |
Finance Licensing Manager | 169,000 CHF |
Finance Licensing Specialist | 96,900 CHF |
Finance Manager | 264,000 CHF |
Finance Officer | 84,700 CHF |
Finance President | 262,000 CHF |
Finance Relationship Manager | 201,000 CHF |
Finance Release Analyst | 107,000 CHF |
Finance Specialist | 142,000 CHF |
Finance Team Leader | 196,000 CHF |
Financial Accountant | 93,000 CHF |
Financial Actuary | 137,000 CHF |
Financial Administrator | 144,000 CHF |
Financial Advisor | 158,000 CHF |
Financial Analyst | 160,000 CHF |
Financial Applications Specialist | 118,000 CHF |
Financial Assistant | 69,300 CHF |
Financial Associate | 74,400 CHF |
Financial Associate | 83,800 CHF |
Financial Claims Analyst | 122,000 CHF |
Financial Claims Manager | 163,000 CHF |
Financial Claims Supervisor | 153,000 CHF |
Financial Clerk | 70,500 CHF |
Financial Commercial Analyst | 134,000 CHF |
Financial Compliance Analyst | 139,000 CHF |
Financial Compliance Officer | 143,000 CHF |
Financial Consultant | 120,000 CHF |
Financial Controller | 150,000 CHF |
Financial Controller | 138,000 CHF |
Financial Coordinator | 79,600 CHF |
Financial Customer Service Manager | 163,000 CHF |
Financial Data Scientist | 170,000 CHF |
Financial Dealer and Broker | 95,000 CHF |
Financial Director | 254,000 CHF |
Financial Encoder | 79,100 CHF |
Financial Manager | 259,000 CHF |
Financial Manager | 241,000 CHF |
Financial Modelling Analyst | 165,000 CHF |
Financial Operations Manager | 237,000 CHF |
Financial Policy Analyst | 146,000 CHF |
Financial Project Manager | 177,000 CHF |
Financial Quantitative Analyst | 160,000 CHF |
Financial Reporting Consultant | 134,000 CHF |
Financial Reporting Manager | 180,000 CHF |
Financial Section Head | 171,000 CHF |
Financial Services Manager | 237,000 CHF |
Financial Services Sales Agent | 94,800 CHF |
Financial Technology Consultant | 146,000 CHF |
Financial Wellness Coach | 193,000 CHF |
FinTech Analyst | 148,000 CHF |
Fixed Assets Administrator | 96,900 CHF |
Forensic Accountant | 101,000 CHF |
Fraud Detection Supervisor | 111,000 CHF |
Fraud Prevention Manager | 186,000 CHF |
Fund Accountant | 88,100 CHF |
Grants Coordinator | 67,900 CHF |
Green Finance Analyst | 132,000 CHF |
Group Financial Manager | 254,000 CHF |
Internal Auditor | 122,000 CHF |
Internal Control Adviser | 142,000 CHF |
Internal Control Officer | 79,500 CHF |
International Tax Director | 208,000 CHF |
Inventory Accountant | 92,200 CHF |
Investment Advisor | 249,000 CHF |
Investment Analyst | 186,000 CHF |
Investment Associate | 150,000 CHF |
Investment Broker | 144,000 CHF |
Investment Fund Manager | 202,000 CHF |
Investment Operations Manager | 194,000 CHF |
Investment Underwriter | 77,600 CHF |
Investor | 122,000 CHF |
Investor Relations Manager | 173,000 CHF |
KYC Team Leader | 182,000 CHF |
Loan Processor | 71,100 CHF |
Management Accountant | 104,000 CHF |
Management Economist | 201,000 CHF |
Paymaster | 75,100 CHF |
Payroll Administrator | 119,000 CHF |
Payroll Benefits Coordinator | 95,800 CHF |
Payroll Billing Manager | 160,000 CHF |
Payroll Clerk | 79,500 CHF |
Payroll Manager | 168,000 CHF |
Payroll Officer | 77,100 CHF |
Payroll Specialist | 93,100 CHF |
Payroll Supervisor | 119,000 CHF |
Pensions Administrator | 91,200 CHF |
Personal Financial Advisor | 130,000 CHF |
Pricing Analyst | 153,000 CHF |
Private Equity Analyst | 157,000 CHF |
Project Accountant | 99,800 CHF |
Proposal Development Coordinator | 76,600 CHF |
Quantitative Trader | 128,000 CHF |
Receivables Accountant | 81,000 CHF |
Regulatory Accountant | 96,900 CHF |
Retirement Plan Analyst | 144,000 CHF |
Revenue Management Specialist | 151,000 CHF |
Revenue Recognition Analyst | 164,000 CHF |
Risk Management Director | 210,000 CHF |
Risk Management Supervisor | 175,000 CHF |
Staff Accountant | 85,500 CHF |
Tax Accountant | 87,100 CHF |
Tax Administrator | 96,000 CHF |
Tax Advisor | 137,000 CHF |
Tax Analyst | 138,000 CHF |
Tax Associate | 79,100 CHF |
Tax Consultant | 145,000 CHF |
Tax Director | 213,000 CHF |
Tax Examiner | 97,000 CHF |
Tax Manager | 182,000 CHF |
Tax Research Manager | 184,000 CHF |
Teller | 54,300 CHF |
Treasury Accountant | 94,400 CHF |
Treasury Analyst | 150,000 CHF |
Underwriter | 60,200 CHF |
Underwriting Assistant | 57,100 CHF |
Vice President of Finance | 248,000 CHF |
Accounting and Finance Jobs Pay Scale and Salaries in Switzerland
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/switzerland/accounting-and-finance/median-and-salary-distribution-yearly-switzerland-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
131,000 CHF or more
10% of people earn
111,000 to 131,000 CHF
20% of people earn
66,600 CHF or less
65% of people earn
66,600 to 111,000 CHF
Minimum Salary 51,600 CHF |
Median 115,000 CHF |
Maximum 256,000 CHF |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
All salary figures displayed here are per year except when noted otherwise.
Salary Range, Minimum Wage, and Starting Salary
Salaries in Accounting and Finance in Switzerland range from 51,600 CHF (starting average salary) to 256,000 CHF (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 115,000 CHF, implying that half of the workforce in Switzerland 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 Switzerland earn less than 89,800 CHF, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 139,000 CHF, 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 Switzerland. The analysis revealed that roughly 65% of all reported salaries fell within the range of 66,600 CHF to 111,000 CHF. Approximately 20% of salaries were below the 66,600 CHF mark, while 10% ranged from 111,000 CHF to 131,000 CHF. Only 5% of individuals earned a gross salary of 131,000 CHF or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 Switzerland 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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 Switzerland, 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 Switzerland costs anywhere from 51,800 CHF to 155,000 CHF 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 / Switzerland
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/switzerland/accounting-and-finance/salary-comparison-by-gender-yearly-switzerland-accounting-and-finance.jpg 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 Switzerland, the average difference between the salary of male and female employees is 4%.
Male | | 131,000 CHF |
Female | -4% | 126,000 CHF |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Switzerland for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/switzerland/salary-comparison-by-gender-yearly-switzerland.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Switzerland
How much are annual salary increments in Switzerland for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Switzerland are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/switzerland/accounting-and-finance/annual-salary-increment-rate-switzerland-accounting-and-finance.jpg 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.
Switzerland / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/switzerland/annual-salary-increment-rate-switzerland.jpg 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 Switzerland is 7%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 / Switzerland
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/switzerland/accounting-and-finance/annual-salary-bonus-rate-switzerland-accounting-and-finance.jpg
22% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 78% 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 | | 78% |
No Bonus | | 22% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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.
Hourly Average Wage / Accounting and Finance / Switzerland
62 CHF
per hour The average hourly wage (pay per hour) in Accounting and Finance in Switzerland is 62 CHF.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 Switzerland is 25 CHF. 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
Basel | 137,000 CHF |
Bern | 132,000 CHF |
Biel | 120,000 CHF |
Geneve | 139,000 CHF |
Lausanne | 134,000 CHF |
Lugano | 122,000 CHF |
Luzern | 127,000 CHF |
St. Gallen | 124,000 CHF |
Winterthur | 129,000 CHF |
Zurich | 142,000 CHF |
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 Switzerland is 4% on average across all career fields.
Private Sector | | 122,000 CHF |
Public Sector | +4% | 127,000 CHF |
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 Switzerland?
A good and competitive compensation would range anywhere between 115,000 CHF and 139,000 CHF. 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 Switzerland ranges from 51,600 CHF to 89,800 CHF. 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