Accounting Head Average Salary in Colombia 2024
How much money does a person working as Accounting Head make in Colombia?
LOW
3,260,000
COP AVERAGE
6,640,000
COP HIGH
10,400,000
COP
A person working as Accounting Head in Colombia typically earns around 6,640,000 COP. Salaries range from 3,260,000 COP (lowest) to 10,400,000 COP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Accounting Head salaries in Colombia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounting Head Pay Scale and Salaries in Colombia
Salary Structure and Pay Scale Comparison
6,160,000 COP or more
5,440,000 to 6,160,000 COP
3,860,000 COP or less
3,860,000 to 5,440,000 COP
 3,260,000 COP |
6,200,000 COP |
10,400,000 COP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Accounting Head in Colombia range from 3,260,000 COP (starting salary) to 10,400,000 COP (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 6,200,000 COP, half of the professionals who work as Accounting Head in Colombia 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 Accounting Head in Colombia earn less than 5,070,000 COP, while 75% earn more. Similarly, the chart shows that 75% earn less than 7,090,000 COP 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 Accounting Head in Colombia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,860,000 COP to 5,440,000 COP. About 20% of salaries are below the 3,860,000 COP mark, while 10% fall within the range of 5,440,000 COP to 6,160,000 COP. Only 5% of individuals have salaries exceeding 6,160,000 COP.
Salary Comparison by Years of Experience / Accounting Head / Colombia
How do experience and age affect pay?
| 0 - 2 Years | 3,860,000 COP | |
| 2 - 5 Years | +29% | 4,960,000 COP |
| 5 - 10 Years | +38% | 6,840,000 COP |
| 10 - 15 Years | +24% | 8,480,000 COP |
| 15 - 20 Years | +7% | 9,080,000 COP |
| 20+ Years | +7% | 9,690,000 COP |
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 Accounting Head and this is what we found.
Employees with less than two years of experience earn approximately 3,860,000 COP.
While someone with an experience level between two and five years is expected to earn 4,960,000 COP, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,840,000 COP, 38% 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 8,480,000 COP, 24% 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 9,080,000 COP, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 9,690,000 COP, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Accounting Head / Colombia
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Accounting Head.
| High School | 4,820,000 COP | |
| Certificate or Diploma | +15% | 5,530,000 COP |
| Bachelor's Degree | +35% | 7,450,000 COP |
| Master's Degree | +26% | 9,370,000 COP |
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 Accounting Head in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 4,820,000 COP.
Level 2: Certificate or Diploma
At this level, the average salary becomes 5,530,000 COP, 15% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 7,450,000 COP, 35% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 9,370,000 COP, 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 Colombia costs anywhere from 23,500,000 COP to 70,600,000 COP 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 and Compensation Comparison By Gender / Accounting Head / Colombia
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 Accounting Head in Colombia, the average difference between the salary of male and female employees is 10%.
| Male | 6,900,000 COP | |
| Female | -9% | 6,260,000 COP |
Salary Comparison By Gender in Colombia for all Careers
Average Annual Salary Increment Percentage / Accounting Head / Colombia
How much are annual salary increments in Colombia for individuals working as Accounting Head? How often do employees get salary raises?
Individuals working as Accounting Head in Colombia are likely to observe a salary increase of approximately 11% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.
Colombia / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 Head / Colombia
How much and how often are bonuses being awarded?
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21% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 79% | |
| No Bonus | 21% |
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: | 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.
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 / Accounting Head / Colombia
38,300 COP per hourThe average hourly wage (pay per hour) for individuals working as Accounting Head in Colombia is 38,300 COP.This is the rate they get paid for every worked hour.
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 Accounting Head in Colombia is 18,800 COP. 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 Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 2,340,000 COP | -65% |
| Account Executive | 4,200,000 COP | -37% |
| Accountant | 3,080,000 COP | -54% |
| Accounting Analyst | 3,970,000 COP | -40% |
| Accounting Assistant | 2,530,000 COP | -62% |
| Accounting Associate | 2,310,000 COP | -65% |
| Accounting Clerk | 2,000,000 COP | -70% |
| Accounting Coordinator | 2,800,000 COP | -58% |
| Accounting Head | 6,640,000 COP | -0% |
| Accounting Manager | 6,980,000 COP |  +5% |
| Accounting Officer | 2,510,000 COP | -62% |
| Accounting Specialist | 4,360,000 COP | -34% |
| Accounting Supervisor | 4,400,000 COP | -34% |
| Accounting Technician | 2,340,000 COP | -65% |
| Accounting Unit Controller | 5,670,000 COP | -15% |
| Accounts Executive | 4,230,000 COP | -36% |
| Accounts Officer | 2,640,000 COP | -60% |
| Accounts Payable and Receivable Specialist | 3,490,000 COP | -47% |
| Accounts Payable Assistant | 2,610,000 COP | -61% |
| Accounts Payable Associate | 3,070,000 COP | -54% |
| Accounts Payable Clerk | 2,560,000 COP | -61% |
| Accounts Payable Manager | 6,450,000 COP | -3% |
| Accounts Receivable Administrator | 4,650,000 COP | -30% |
| Accounts Receivable Clerk | 2,540,000 COP | -62% |
| Accounts Receivable Financial Analyst | 4,580,000 COP | -31% |
| Accounts Receivable Manager | 6,310,000 COP | -5% |
| Accounts Receivable Team Leader | 4,770,000 COP | -28% |
| Algorithmic Trading Specialist | 6,040,000 COP | -9% |
| Assistant Accountant | 2,620,000 COP | -61% |
| Assistant Accounting Manager | 6,310,000 COP | -5% |
| Assistant Auditor | 3,210,000 COP | -52% |
| Assistant Corporate Controller | 4,670,000 COP | -30% |
| Assistant Finance Manager | 7,070,000 COP | +6% |
| Assistant Financial Controller | 4,460,000 COP | -33% |
| Audit Director | 7,730,000 COP | +16% |
| Audit Supervisor | 6,140,000 COP | -8% |
| Auditing Clerk | 2,640,000 COP | -60% |
| Auditing Manager | 6,910,000 COP | +4% |
| Billing Clerk | 2,430,000 COP | -63% |
| Billing Coordinator | 3,040,000 COP | -54% |
| Billing Specialist | 3,460,000 COP | -48% |
| Billing Supervisor | 5,290,000 COP | -20% |
| Bookkeeper | 2,160,000 COP | -67% |
| Bookkeeping Specialist | 3,190,000 COP | -52% |
| Budget Analyst | 5,910,000 COP | -11% |
| Budget Manager | 6,720,000 COP | +1% |
| Business Support Analyst | 3,620,000 COP | -46% |
| Capital Markets Associate | 4,790,000 COP | -28% |
| Cash Flow Analyst | 5,150,000 COP | -22% |
| Cash Management Manager | 6,410,000 COP | -4% |
| Cash Management Officer | 3,900,000 COP | -41% |
| Cashbook Clerk | 2,330,000 COP | -65% |
| Chartered Accountant | 4,110,000 COP | -38% |
| Chief Accountant | 4,940,000 COP | -26% |
| Chief Financial Technology Officer | 6,720,000 COP | +1% |
| Collections Clerk | 1,980,000 COP | -70% |
| Collections Representative | 3,010,000 COP | -55% |
| Collections Specialist | 3,400,000 COP | -49% |
| Corporate Controller | 5,220,000 COP | -21% |
| Corporate Treasurer | 6,380,000 COP | -4% |
| Cost Accountant | 3,420,000 COP | -49% |
| Cost Accounting Manager | 6,280,000 COP | -5% |
| Cost Accounting Supervisor | 5,510,000 COP | -17% |
| Cost Analyst | 5,290,000 COP | -20% |
| Credit and Collection Manager | 6,510,000 COP | -2% |
| Credit and Collection Staff | 2,620,000 COP | -61% |
| Credit and Loans Officer | 2,270,000 COP | -66% |
| Credit Controller | 4,600,000 COP | -31% |
| Credit Manager | 6,870,000 COP | +3% |
| Debt Adviser | 5,630,000 COP | -15% |
| Debt Collector | 2,600,000 COP | -61% |
| Debtors Clerk | 2,330,000 COP | -65% |
| Debtors Controller | 2,510,000 COP | -62% |
| Deputy CFO | 8,890,000 COP | +34% |
| Deputy Head of Finance | 8,830,000 COP | +33% |
| Derivative Trader | 5,480,000 COP | -18% |
| Director of Finance | 10,100,000 COP | +52% |
| E-commerce Accountant | 3,530,000 COP | -47% |
| Economist | 7,450,000 COP | +12% |
| Equity Analyst | 5,860,000 COP | -12% |
| Escrow Assistant | 3,080,000 COP | -54% |
| Executive Accountant | 3,690,000 COP | -44% |
| External Auditor | 4,410,000 COP | -34% |
| Finance Administrator | 3,780,000 COP | -43% |
| Finance Analyst | 5,980,000 COP | -10% |
| Finance Associate | 2,950,000 COP | -56% |
| Finance Data Analyst | 5,260,000 COP | -21% |
| Finance Director | 9,500,000 COP | +43% |
| Finance Executive | 6,690,000 COP | +1% |
| Finance Licensing Clerk | 2,440,000 COP | -63% |
| Finance Licensing Manager | 6,120,000 COP | -8% |
| Finance Licensing Specialist | 3,630,000 COP | -45% |
| Finance Manager | 9,450,000 COP | +42% |
| Finance Officer | 3,060,000 COP | -54% |
| Finance President | 9,550,000 COP | +44% |
| Finance Relationship Manager | 7,300,000 COP | +10% |
| Finance Release Analyst | 3,760,000 COP | -43% |
| Finance Specialist | 5,300,000 COP | -20% |
| Finance Team Leader | 7,010,000 COP | +6% |
| Financial Accountant | 3,380,000 COP | -49% |
| Financial Actuary | 4,830,000 COP | -27% |
| Financial Administrator | 5,390,000 COP | -19% |
| Financial Advisor | 6,090,000 COP | -8% |
| Financial Analyst | 5,720,000 COP | -14% |
| Financial Applications Specialist | 4,020,000 COP | -39% |
| Financial Assistant | 2,710,000 COP | -59% |
| Financial Associate | 3,040,000 COP | -54% |
| Financial Claims Analyst | 4,560,000 COP | -31% |
| Financial Claims Manager | 5,720,000 COP | -14% |
| Financial Claims Supervisor | 5,560,000 COP | -16% |
| Financial Clerk | 2,420,000 COP | -64% |
| Financial Commercial Analyst | 4,550,000 COP | -32% |
| Financial Compliance Analyst | 5,430,000 COP | -18% |
| Financial Compliance Officer | 5,400,000 COP | -19% |
| Financial Consultant | 4,310,000 COP | -35% |
| Financial Controller | 5,270,000 COP | -21% |
| Financial Coordinator | 3,170,000 COP | -52% |
| Financial Customer Service Manager | 6,310,000 COP | -5% |
| Financial Data Scientist | 6,010,000 COP | -10% |
| Financial Dealer and Broker | 3,620,000 COP | -46% |
| Financial Director | 10,100,000 COP | +52% |
| Financial Encoder | 2,870,000 COP | -57% |
| Financial Manager | 9,050,000 COP | +36% |
| Financial Modelling Analyst | 6,090,000 COP | -8% |
| Financial Operations Manager | 8,790,000 COP | +32% |
| Financial Policy Analyst | 4,870,000 COP | -27% |
| Financial Project Manager | 6,520,000 COP | -2% |
| Financial Quantitative Analyst | 5,700,000 COP | -14% |
| Financial Reporting Consultant | 4,840,000 COP | -27% |
| Financial Reporting Manager | 6,000,000 COP | -10% |
| Financial Section Head | 6,040,000 COP | -9% |
| Financial Services Manager | 8,620,000 COP | +30% |
| Financial Services Sales Agent | 3,640,000 COP | -45% |
| Financial Technology Consultant | 5,060,000 COP | -24% |
| Financial Wellness Coach | 6,910,000 COP | +4% |
| FinTech Analyst | 5,500,000 COP | -17% |
| Fixed Assets Administrator | 3,590,000 COP | -46% |
| Forensic Accountant | 3,680,000 COP | -45% |
| Fraud Detection Supervisor | 4,040,000 COP | -39% |
| Fraud Prevention Manager | 7,000,000 COP | +5% |
| Fund Accountant | 3,120,000 COP | -53% |
| Grants Coordinator | 2,380,000 COP | -64% |
| Green Finance Analyst | 4,840,000 COP | -27% |
| Group Financial Manager | 9,460,000 COP | +42% |
| Internal Auditor | 4,420,000 COP | -33% |
| Internal Control Adviser | 5,150,000 COP | -22% |
| Internal Control Officer | 2,990,000 COP | -55% |
| International Tax Director | 8,220,000 COP | +24% |
| Inventory Accountant | 3,330,000 COP | -50% |
| Investment Advisor | 9,140,000 COP | +38% |
| Investment Analyst | 6,400,000 COP | -4% |
| Investment Associate | 5,300,000 COP | -20% |
| Investment Broker | 5,700,000 COP | -14% |
| Investment Fund Manager | 7,390,000 COP | +11% |
| Investment Operations Manager | 7,180,000 COP | +8% |
| Investment Underwriter | 2,670,000 COP | -60% |
| Investor | 4,070,000 COP | -39% |
| Investor Relations Manager | 6,650,000 COP | +0% |
| KYC Team Leader | 6,390,000 COP | -4% |
| Loan Processor | 2,760,000 COP | -58% |
| Management Accountant | 3,700,000 COP | -44% |
| Management Economist | 7,700,000 COP | +16% |
| Paymaster | 2,540,000 COP | -62% |
| Payroll Administrator | 4,190,000 COP | -37% |
| Payroll Benefits Coordinator | 3,630,000 COP | -45% |
| Payroll Billing Manager | 6,280,000 COP | -5% |
| Payroll Clerk | 2,900,000 COP | -56% |
| Payroll Manager | 5,770,000 COP | -13% |
| Payroll Officer | 2,840,000 COP | -57% |
| Payroll Specialist | 3,560,000 COP | -46% |
| Payroll Supervisor | 4,230,000 COP | -36% |
| Pensions Administrator | 3,500,000 COP | -47% |
| Personal Financial Advisor | 4,920,000 COP | -26% |
| Pricing Analyst | 5,240,000 COP | -21% |
| Private Equity Analyst | 5,970,000 COP | -10% |
| Project Accountant | 3,510,000 COP | -47% |
| Proposal Development Coordinator | 2,940,000 COP | -56% |
| Quantitative Trader | 4,900,000 COP | -26% |
| Receivables Accountant | 3,120,000 COP | -53% |
| Regulatory Accountant | 3,460,000 COP | -48% |
| Retirement Plan Analyst | 5,220,000 COP | -21% |
| Revenue Management Specialist | 5,690,000 COP | -14% |
| Revenue Recognition Analyst | 5,790,000 COP | -13% |
| Risk Management Director | 7,860,000 COP | +18% |
| Risk Management Supervisor | 6,780,000 COP | +2% |
| Staff Accountant | 3,020,000 COP | -55% |
| Tax Accountant | 3,270,000 COP | -51% |
| Tax Administrator | 3,680,000 COP | -45% |
| Tax Advisor | 4,930,000 COP | -26% |
| Tax Analyst | 5,170,000 COP | -22% |
| Tax Associate | 2,790,000 COP | -58% |
| Tax Consultant | 5,100,000 COP | -23% |
| Tax Director | 7,770,000 COP | +17% |
| Tax Examiner | 3,370,000 COP | -49% |
| Tax Manager | 6,640,000 COP | -0% |
| Tax Research Manager | 6,960,000 COP | +5% |
| Teller | 1,920,000 COP | -71% |
| Treasury Accountant | 3,440,000 COP | -48% |
| Treasury Analyst | 5,380,000 COP | -19% |
| Underwriter | 2,220,000 COP | -67% |
| Underwriting Assistant | 2,190,000 COP | -67% |
| Vice President of Finance | 8,980,000 COP | +35% |
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 Colombia is 11% on average across all career fields.
| Private Sector | 4,410,000 COP | |
| Public Sector | +11% | 4,900,000 COP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Accounting Head in Colombia?
A good and competitive compensation would range anywhere between 6,200,000 COP and 7,090,000 COP. 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 Accounting Head in Colombia ranges from 3,260,000 COP to 5,070,000 COP. 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
