A person working as Inventory Accountant in Belgium typically earns around 4,520 EUR. Salaries range from 2,350 EUR (lowest) to 6,910 EUR (highest).
This is the average salary including housing, transport, and other benefits. Inventory Accountant salaries in Belgium vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 2,350 EUR |
Median 4,110 EUR |
Maximum 6,910 EUR |
Salaries for the position Inventory Accountant in Belgium range from 2,350 EUR (starting salary) to 6,910 EUR (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.
With a median salary of 4,110 EUR, half of the professionals who work as Inventory Accountant in Belgium 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.
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 Inventory Accountant in Belgium earn less than 3,410 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,660 EUR while 25% earn more.
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 Inventory Accountant in Belgium compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,660 EUR to 3,640 EUR. About 20% of salaries are below the 2,660 EUR mark, while 10% fall within the range of 3,640 EUR to 4,090 EUR. Only 5% of individuals have salaries exceeding 4,090 EUR.
0 - 2 Years | 2,670 EUR | |
2 - 5 Years | +34% | 3,580 EUR |
5 - 10 Years | +30% | 4,650 EUR |
10 - 15 Years | +21% | 5,630 EUR |
15 - 20 Years | +9% | 6,160 EUR |
20+ Years | +5% | 6,480 EUR |
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 Inventory Accountant and this is what we found.
Employees with less than two years of experience earn approximately 2,670 EUR.
While someone with an experience level between two and five years is expected to earn 3,580 EUR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,650 EUR, 30% 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 5,630 EUR, 21% 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 6,160 EUR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 6,480 EUR, 5% more than people with fifteen to twenty years of experience.
High School | 3,220 EUR | |
Certificate or Diploma | +14% | 3,670 EUR |
Bachelor's Degree | +41% | 5,180 EUR |
Master's Degree | +21% | 6,270 EUR |
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 Inventory Accountant in order to make a comparison.
Employees at this education level have an average salary of 3,220 EUR.
At this level, the average salary becomes 3,670 EUR, 14% more than the previous level.
At this level, the average salary becomes 5,180 EUR, 41% more than the previous level.
At this level, the average salary becomes 6,270 EUR, 21% more than the previous level.
A Master's degree program or any post-graduate program in Belgium costs anywhere from 30,800 EUR to 92,500 EUR 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.
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 Inventory Accountant in Belgium, the average difference between the salary of male and female employees is 6%.
Male | 4,650 EUR | |
Female | -5% | 4,410 EUR |
Individuals working as Inventory Accountant in Belgium are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
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.
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
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.
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 5% of their annual salary.
Received Bonus | 54% | |
No Bonus | 46% |
The 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.
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.
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: | Example: |
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.
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.
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.
The minimum pay rate per hour for people working as Inventory Accountant in Belgium is 14 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Accounting and Finance | -100% | |
Account Examiner | 3,600 EUR | -20% |
Account Executive | 5,460 EUR | +21% |
Accountant | 4,510 EUR | -0% |
Accounting Analyst | 5,510 EUR | +22% |
Accounting Assistant | 3,710 EUR | -18% |
Accounting Associate | 3,420 EUR | -24% |
Accounting Clerk | 2,930 EUR | -35% |
Accounting Coordinator | 4,220 EUR | -7% |
Accounting Head | 8,380 EUR | +85% |
Accounting Manager | 8,930 EUR | +98% |
Accounting Officer | 3,580 EUR | -21% |
Accounting Specialist | 6,290 EUR | +39% |
Accounting Supervisor | 6,370 EUR | +41% |
Accounting Technician | 3,400 EUR | -25% |
Accounting Unit Controller | 7,490 EUR | +66% |
Accounts Executive | 5,710 EUR | +26% |
Accounts Officer | 3,550 EUR | -21% |
Accounts Payable and Receivable Specialist | 4,750 EUR | +5% |
Accounts Payable Assistant | 3,930 EUR | -13% |
Accounts Payable Associate | 4,290 EUR | -5% |
Accounts Payable Clerk | 3,490 EUR | -23% |
Accounts Payable Manager | 8,700 EUR | +93% |
Accounts Receivable Administrator | 6,550 EUR | +45% |
Accounts Receivable Clerk | 3,640 EUR | -19% |
Accounts Receivable Financial Analyst | 6,310 EUR | +40% |
Accounts Receivable Manager | 8,070 EUR | +79% |
Accounts Receivable Team Leader | 6,380 EUR | +41% |
Algorithmic Trading Specialist | 7,870 EUR | +74% |
Assistant Accountant | 3,470 EUR | -23% |
Assistant Accounting Manager | 8,410 EUR | +86% |
Assistant Auditor | 4,420 EUR | -2% |
Assistant Corporate Controller | 6,350 EUR | +41% |
Assistant Finance Manager | 9,320 EUR | +110% |
Assistant Financial Controller | 6,220 EUR | +38% |
Audit Director | 9,790 EUR | +120% |
Audit Supervisor | 7,650 EUR | +69% |
Auditing Clerk | 3,550 EUR | -21% |
Auditing Manager | 9,420 EUR | +110% |
Billing Clerk | 3,640 EUR | -19% |
Billing Coordinator | 4,340 EUR | -4% |
Billing Specialist | 4,960 EUR | +10% |
Billing Supervisor | 6,800 EUR | +51% |
Bookkeeper | 3,260 EUR | -28% |
Bookkeeping Specialist | 4,460 EUR | -1% |
Budget Analyst | 7,910 EUR | +75% |
Budget Manager | 8,670 EUR | +92% |
Business Support Analyst | 4,930 EUR | +9% |
Capital Markets Associate | 6,340 EUR | +40% |
Cash Flow Analyst | 6,600 EUR | +46% |
Cash Management Manager | 8,690 EUR | +92% |
Cash Management Officer | 5,350 EUR | +18% |
Cashbook Clerk | 3,280 EUR | -27% |
Chartered Accountant | 5,440 EUR | +20% |
Chief Accountant | 6,860 EUR | +52% |
Chief Financial Technology Officer | 9,380 EUR | +110% |
Collections Clerk | 2,940 EUR | -35% |
Collections Representative | 4,070 EUR | -10% |
Collections Specialist | 4,460 EUR | -1% |
Corporate Controller | 6,910 EUR | +53% |
Corporate Treasurer | 7,980 EUR | +77% |
Cost Accountant | 4,560 EUR | +1% |
Cost Accounting Manager | 8,460 EUR | +87% |
Cost Accounting Supervisor | 7,140 EUR | +58% |
Cost Analyst | 7,020 EUR | +55% |
Credit and Collection Manager | 8,410 EUR | +86% |
Credit and Collection Staff | 3,730 EUR | -17% |
Credit and Loans Officer | 3,510 EUR | -22% |
Credit Controller | 5,970 EUR | +32% |
Credit Manager | 9,410 EUR | +110% |
Debt Adviser | 7,100 EUR | +57% |
Debt Collector | 3,770 EUR | -17% |
Debtors Clerk | 3,260 EUR | -28% |
Debtors Controller | 3,580 EUR | -21% |
Deputy CFO | 11,900 EUR | +160% |
Deputy Head of Finance | 11,200 EUR | +150% |
Derivative Trader | 7,820 EUR | +73% |
Director of Finance | 12,100 EUR | +170% |
E-commerce Accountant | 4,760 EUR | +5% |
Economist | 9,880 EUR | +120% |
Equity Analyst | 7,650 EUR | +69% |
Escrow Assistant | 3,980 EUR | -12% |
Executive Accountant | 5,300 EUR | +17% |
External Auditor | 6,010 EUR | +33% |
Finance Administrator | 5,400 EUR | +20% |
Finance Analyst | 8,000 EUR | +77% |
Finance Associate | 4,230 EUR | -6% |
Finance Data Analyst | 6,990 EUR | +55% |
Finance Director | 12,200 EUR | +170% |
Finance Executive | 8,870 EUR | +96% |
Finance Licensing Clerk | 3,540 EUR | -22% |
Finance Licensing Manager | 7,930 EUR | +76% |
Finance Licensing Specialist | 4,790 EUR | +6% |
Finance Manager | 11,900 EUR | +160% |
Finance Officer | 4,190 EUR | -7% |
Finance President | 12,400 EUR | +170% |
Finance Relationship Manager | 9,490 EUR | +110% |
Finance Release Analyst | 5,320 EUR | +18% |
Finance Specialist | 7,350 EUR | +63% |
Finance Team Leader | 9,850 EUR | +120% |
Financial Accountant | 4,650 EUR | +3% |
Financial Actuary | 6,710 EUR | +49% |
Financial Administrator | 7,570 EUR | +68% |
Financial Advisor | 8,180 EUR | +81% |
Financial Analyst | 8,070 EUR | +79% |
Financial Applications Specialist | 5,830 EUR | +29% |
Financial Assistant | 3,630 EUR | -20% |
Financial Associate | 4,180 EUR | -7% |
Financial Claims Analyst | 5,860 EUR | +30% |
Financial Claims Manager | 7,770 EUR | +72% |
Financial Claims Supervisor | 7,400 EUR | +64% |
Financial Clerk | 3,740 EUR | -17% |
Financial Commercial Analyst | 6,450 EUR | +43% |
Financial Compliance Analyst | 6,820 EUR | +51% |
Financial Compliance Officer | 7,000 EUR | +55% |
Financial Consultant | 5,690 EUR | +26% |
Financial Controller | 6,880 EUR | +52% |
Financial Coordinator | 4,320 EUR | -4% |
Financial Customer Service Manager | 7,690 EUR | +70% |
Financial Data Scientist | 8,320 EUR | +84% |
Financial Dealer and Broker | 4,930 EUR | +9% |
Financial Director | 12,900 EUR | +190% |
Financial Encoder | 4,030 EUR | -11% |
Financial Manager | 11,400 EUR | +150% |
Financial Modelling Analyst | 8,210 EUR | +82% |
Financial Operations Manager | 10,700 EUR | +140% |
Financial Policy Analyst | 6,690 EUR | +48% |
Financial Project Manager | 8,760 EUR | +94% |
Financial Quantitative Analyst | 7,220 EUR | +60% |
Financial Reporting Consultant | 6,320 EUR | +40% |
Financial Reporting Manager | 8,150 EUR | +80% |
Financial Section Head | 8,270 EUR | +83% |
Financial Services Manager | 11,100 EUR | +150% |
Financial Services Sales Agent | 5,000 EUR | +11% |
Financial Technology Consultant | 6,700 EUR | +48% |
Financial Wellness Coach | 8,790 EUR | +95% |
FinTech Analyst | 7,610 EUR | +68% |
Fixed Assets Administrator | 4,640 EUR | +3% |
Forensic Accountant | 5,010 EUR | +11% |
Fraud Detection Supervisor | 5,440 EUR | +20% |
Fraud Prevention Manager | 8,900 EUR | +97% |
Fund Accountant | 4,510 EUR | -0% |
Grants Coordinator | 3,500 EUR | -23% |
Green Finance Analyst | 6,580 EUR | +46% |
Group Financial Manager | 12,800 EUR | +180% |
Internal Auditor | 5,880 EUR | +30% |
Internal Control Adviser | 6,820 EUR | +51% |
Internal Control Officer | 4,070 EUR | -10% |
International Tax Director | 10,300 EUR | +130% |
Inventory Accountant | 4,520 EUR | +0% |
Investment Advisor | 12,000 EUR | +170% |
Investment Analyst | 8,320 EUR | +84% |
Investment Associate | 7,320 EUR | +62% |
Investment Broker | 7,290 EUR | +61% |
Investment Fund Manager | 9,780 EUR | +120% |
Investment Operations Manager | 9,740 EUR | +120% |
Investment Underwriter | 4,100 EUR | -9% |
Investor | 5,670 EUR | +25% |
Investor Relations Manager | 8,760 EUR | +94% |
KYC Team Leader | 8,650 EUR | +91% |
Loan Processor | 3,980 EUR | -12% |
Management Accountant | 4,830 EUR | +7% |
Management Economist | 10,100 EUR | +120% |
Paymaster | 3,810 EUR | -16% |
Payroll Administrator | 5,850 EUR | +29% |
Payroll Benefits Coordinator | 4,860 EUR | +8% |
Payroll Billing Manager | 7,910 EUR | +75% |
Payroll Clerk | 4,110 EUR | -9% |
Payroll Manager | 8,270 EUR | +83% |
Payroll Officer | 4,090 EUR | -9% |
Payroll Specialist | 4,900 EUR | +8% |
Payroll Supervisor | 5,460 EUR | +21% |
Pensions Administrator | 4,830 EUR | +7% |
Personal Financial Advisor | 6,390 EUR | +41% |
Pricing Analyst | 7,540 EUR | +67% |
Private Equity Analyst | 7,780 EUR | +72% |
Project Accountant | 4,970 EUR | +10% |
Proposal Development Coordinator | 4,130 EUR | -9% |
Quantitative Trader | 6,570 EUR | +45% |
Receivables Accountant | 4,400 EUR | -3% |
Regulatory Accountant | 5,070 EUR | +12% |
Retirement Plan Analyst | 6,910 EUR | +53% |
Revenue Management Specialist | 7,320 EUR | +62% |
Revenue Recognition Analyst | 8,000 EUR | +77% |
Risk Management Director | 10,800 EUR | +140% |
Risk Management Supervisor | 8,270 EUR | +83% |
Staff Accountant | 4,370 EUR | -3% |
Tax Accountant | 4,380 EUR | -3% |
Tax Administrator | 5,080 EUR | +12% |
Tax Advisor | 6,440 EUR | +43% |
Tax Analyst | 6,580 EUR | +46% |
Tax Associate | 4,070 EUR | -10% |
Tax Consultant | 6,980 EUR | +54% |
Tax Director | 10,200 EUR | +130% |
Tax Examiner | 4,660 EUR | +3% |
Tax Manager | 8,710 EUR | +93% |
Tax Research Manager | 8,890 EUR | +97% |
Teller | 2,980 EUR | -34% |
Treasury Accountant | 4,730 EUR | +5% |
Treasury Analyst | 6,950 EUR | +54% |
Underwriter | 3,280 EUR | -27% |
Underwriting Assistant | 3,170 EUR | -30% |
Vice President of Finance | 11,600 EUR | +160% |
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 Belgium is 5% on average across all career fields.
Private Sector | 6,020 EUR | |
Public Sector | +5% | 6,340 EUR |
A good and competitive compensation would range anywhere between 4,110 EUR and 4,660 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Inventory Accountant in Belgium ranges from 2,350 EUR to 3,410 EUR. 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.
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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