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Project Accountant Average Salary in Czech Republic 2024

How much money does a person working as Project Accountant make in Czech Republic?


Average Monthly Salary
44,700 CZK
( 536,000 CZK yearly)

LOW
20,600
CZK
AVERAGE
44,700
CZK
HIGH
71,000
CZK
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 Project Accountant in Czech Republic typically earns around 44,700 CZK. Salaries range from 20,600 CZK (lowest) to 71,000 CZK (highest).


Salary Variance

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



Project Accountant Pay Scale and Salaries in Czech Republic

Median and salary distribution Czech Republic Project Accountant monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
42,400 CZK or more
10% of people earn
37,100 to 42,400 CZK
20% of people earn
25,600 CZK or less
65% of people earn
25,600 to 37,100 CZK
Minimum Salary
20,600 CZK
Median
42,700 CZK
Maximum
71,000 CZK




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 Project Accountant in Czech Republic range from 20,600 CZK (starting salary) to 71,000 CZK (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 42,700 CZK, half of the professionals who work as Project Accountant in Czech Republic 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 Project Accountant in Czech Republic earn less than 34,400 CZK, while 75% earn more. Similarly, the chart shows that 75% earn less than 49,200 CZK 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 Project Accountant in Czech Republic compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 25,600 CZK to 37,100 CZK. About 20% of salaries are below the 25,600 CZK mark, while 10% fall within the range of 37,100 CZK to 42,400 CZK. Only 5% of individuals have salaries exceeding 42,400 CZK.

Salary Comparison by Years of Experience / Project Accountant / Czech Republic

How do experience and age affect pay?

0 - 2 Years
23,300 CZK
2 - 5 Years+34%
31,200 CZK
5 - 10 Years+48%
46,100 CZK
10 - 15 Years+22%
56,200 CZK
15 - 20 Years+9%
61,200 CZK
20+ Years+8%
66,300 CZK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Czech Republic Project 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 Project 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 23,300 CZK.

While someone with an experience level between two and five years is expected to earn 31,200 CZK, 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 46,100 CZK, 48% 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 56,200 CZK, 22% 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 61,200 CZK, 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 66,300 CZK, 8% 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 / Project Accountant / Czech Republic

How do education levels affect salaries?

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

High School
28,600 CZK
Certificate or Diploma+18%
33,700 CZK
Bachelor's Degree+45%
48,800 CZK
Master's Degree+31%
64,000 CZK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Czech Republic Project 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 Project Accountant in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 28,600 CZK.


Level 2: Certificate or Diploma

At this level, the average salary becomes 33,700 CZK, 18% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 48,800 CZK, 45% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 64,000 CZK, 31% 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 Czech Republic costs anywhere from 306,000 CZK to 917,000 CZK 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 / Project Accountant / Czech Republic

Salary comparison by gender Czech Republic Project 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 Project Accountant in Czech Republic, the average difference between the salary of male and female employees is 8%.

Male
46,300 CZK
Female-7%
43,100 CZK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Czech Republic for all Careers

Salary comparison by gender monthly Czech Republic
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Average Annual Salary Increment Percentage / Project Accountant / Czech Republic

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

Individuals working as Project Accountant in Czech Republic 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 Czech Republic Project 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.

Czech Republic / All Professions

Annual Salary Increment Rate Czech Republic
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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 Czech Republic 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 / Project Accountant / Czech Republic

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Czech Republic Project Accountant
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42% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 58% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
58%
No Bonus
42%

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 / Project Accountant / Czech Republic


260 CZK per hour

The average hourly wage (pay per hour) for individuals working as Project Accountant in Czech Republic is 260 CZK.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 Project Accountant in Czech Republic is 120 CZK. 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 Examiner30,700 CZK-31%
Account Executive52,300 CZK+17%
Accountant42,900 CZK-4%
Accounting Analyst54,800 CZK+23%
Accounting Assistant32,200 CZK-28%
Accounting Associate31,600 CZK-29%
Accounting Clerk25,700 CZK-42%
Accounting Coordinator36,800 CZK-18%
Accounting Head82,900 CZK+86%
Accounting Manager90,600 CZK+100%
Accounting Officer31,700 CZK-29%
Accounting Specialist55,500 CZK+24%
Accounting Supervisor61,200 CZK+37%
Accounting Technician28,900 CZK-35%
Accounting Unit Controller71,500 CZK+60%
Accounts Executive54,900 CZK+23%
Accounts Officer34,000 CZK-24%
Accounts Payable and Receivable Specialist44,900 CZK+0%
Accounts Payable Assistant33,500 CZK-25%
Accounts Payable Associate38,300 CZK-14%
Accounts Payable Clerk30,400 CZK-32%
Accounts Payable Manager85,500 CZK+91%
Accounts Receivable Administrator59,200 CZK+32%
Accounts Receivable Clerk30,800 CZK-31%
Accounts Receivable Financial Analyst60,600 CZK+36%
Accounts Receivable Manager85,200 CZK+91%
Accounts Receivable Team Leader63,800 CZK+43%
Algorithmic Trading Specialist77,700 CZK+74%
Assistant Accountant31,500 CZK-30%
Assistant Accounting Manager82,700 CZK+85%
Assistant Auditor40,400 CZK-10%
Assistant Corporate Controller59,500 CZK+33%
Assistant Finance Manager84,800 CZK+90%
Assistant Financial Controller56,200 CZK+26%
Audit Director98,500 CZK+120%
Audit Supervisor78,900 CZK+77%
Auditing Clerk34,000 CZK-24%
Auditing Manager92,400 CZK+110%
Billing Clerk30,900 CZK-31%
Billing Coordinator39,100 CZK-12%
Billing Specialist43,200 CZK-3%
Billing Supervisor66,000 CZK+48%
Bookkeeper27,200 CZK-39%
Bookkeeping Specialist39,400 CZK-12%
Budget Analyst75,300 CZK+69%
Budget Manager86,400 CZK+93%
Business Support Analyst45,600 CZK+2%
Capital Markets Associate62,900 CZK+41%
Cash Flow Analyst66,900 CZK+50%
Cash Management Manager84,000 CZK+88%
Cash Management Officer46,700 CZK+5%
Cashbook Clerk28,900 CZK-35%
Chartered Accountant55,000 CZK+23%
Chief Accountant66,000 CZK+48%
Chief Financial Technology Officer86,400 CZK+93%
Collections Clerk25,900 CZK-42%
Collections Representative37,600 CZK-16%
Collections Specialist43,300 CZK-3%
Corporate Controller70,500 CZK+58%
Corporate Treasurer81,200 CZK+82%
Cost Accountant44,000 CZK-2%
Cost Accounting Manager80,800 CZK+81%
Cost Accounting Supervisor67,400 CZK+51%
Cost Analyst68,600 CZK+54%
Credit and Collection Manager83,800 CZK+88%
Credit and Collection Staff31,700 CZK-29%
Credit and Loans Officer29,800 CZK-33%
Credit Controller60,900 CZK+36%
Credit Manager90,900 CZK+100%
Debt Adviser69,600 CZK+56%
Debt Collector35,900 CZK-20%
Debtors Clerk29,600 CZK-34%
Debtors Controller31,700 CZK-29%
Deputy CFO117,000 CZK+160%
Deputy Head of Finance118,000 CZK+160%
Derivative Trader76,300 CZK+71%
Director of Finance121,000 CZK+170%
E-commerce Accountant42,700 CZK-4%
Economist96,700 CZK+120%
Equity Analyst72,300 CZK+62%
Escrow Assistant37,300 CZK-17%
Executive Accountant48,400 CZK+8%
External Auditor59,700 CZK+34%
Finance Administrator51,600 CZK+15%
Finance Analyst73,100 CZK+64%
Finance Associate36,900 CZK-17%
Finance Data Analyst70,300 CZK+57%
Finance Director120,000 CZK+170%
Finance Executive90,500 CZK+100%
Finance Licensing Clerk31,900 CZK-29%
Finance Licensing Manager81,100 CZK+81%
Finance Licensing Specialist44,000 CZK-2%
Finance Manager120,000 CZK+170%
Finance Officer40,500 CZK-9%
Finance President126,000 CZK+180%
Finance Relationship Manager94,900 CZK+110%
Finance Release Analyst47,400 CZK+6%
Finance Specialist68,100 CZK+52%
Finance Team Leader 92,000 CZK+110%
Financial Accountant42,600 CZK-5%
Financial Actuary64,700 CZK+45%
Financial Administrator70,000 CZK+57%
Financial Advisor79,000 CZK+77%
Financial Analyst75,800 CZK+70%
Financial Applications Specialist51,100 CZK+14%
Financial Assistant34,900 CZK-22%
Financial Associate39,900 CZK-11%
Financial Claims Analyst55,700 CZK+25%
Financial Claims Manager78,000 CZK+75%
Financial Claims Supervisor69,400 CZK+55%
Financial Clerk33,300 CZK-25%
Financial Commercial Analyst63,400 CZK+42%
Financial Compliance Analyst69,800 CZK+56%
Financial Compliance Officer66,000 CZK+48%
Financial Consultant57,700 CZK+29%
Financial Controller67,000 CZK+50%
Financial Coordinator37,200 CZK-17%
Financial Customer Service Manager76,500 CZK+71%
Financial Data Scientist82,100 CZK+84%
Financial Dealer and Broker47,500 CZK+6%
Financial Director130,000 CZK+190%
Financial Encoder36,200 CZK-19%
Financial Manager125,000 CZK+180%
Financial Modelling Analyst76,000 CZK+70%
Financial Operations Manager111,000 CZK+150%
Financial Policy Analyst68,500 CZK+53%
Financial Project Manager83,800 CZK+88%
Financial Quantitative Analyst71,900 CZK+61%
Financial Reporting Consultant61,000 CZK+37%
Financial Reporting Manager84,500 CZK+89%
Financial Section Head80,800 CZK+81%
Financial Services Manager109,000 CZK+140%
Financial Services Sales Agent46,800 CZK+5%
Financial Technology Consultant63,700 CZK+43%
Financial Wellness Coach88,000 CZK+97%
FinTech Analyst70,700 CZK+58%
Fixed Assets Administrator45,200 CZK+1%
Forensic Accountant47,900 CZK+7%
Fraud Detection Supervisor54,500 CZK+22%
Fraud Prevention Manager86,600 CZK+94%
Fund Accountant38,800 CZK-13%
Grants Coordinator32,500 CZK-27%
Green Finance Analyst62,900 CZK+41%
Group Financial Manager125,000 CZK+180%
Internal Auditor54,500 CZK+22%
Internal Control Adviser69,600 CZK+56%
Internal Control Officer37,000 CZK-17%
International Tax Director106,000 CZK+140%
Inventory Accountant44,100 CZK-1%
Investment Advisor115,000 CZK+160%
Investment Analyst81,400 CZK+82%
Investment Associate71,000 CZK+59%
Investment Broker73,200 CZK+64%
Investment Fund Manager90,200 CZK+100%
Investment Operations Manager93,300 CZK+110%
Investment Underwriter36,400 CZK-19%
Investor57,300 CZK+28%
Investor Relations Manager85,500 CZK+91%
KYC Team Leader81,300 CZK+82%
Loan Processor35,500 CZK-21%
Management Accountant46,600 CZK+4%
Management Economist99,000 CZK+120%
Paymaster35,400 CZK-21%
Payroll Administrator56,600 CZK+27%
Payroll Benefits Coordinator47,100 CZK+5%
Payroll Billing Manager74,600 CZK+67%
Payroll Clerk35,900 CZK-20%
Payroll Manager79,600 CZK+78%
Payroll Officer37,700 CZK-16%
Payroll Specialist43,100 CZK-4%
Payroll Supervisor53,200 CZK+19%
Pensions Administrator45,000 CZK+1%
Personal Financial Advisor64,500 CZK+44%
Pricing Analyst72,200 CZK+62%
Private Equity Analyst71,500 CZK+60%
Project Accountant44,700 CZK+0%
Proposal Development Coordinator37,800 CZK-15%
Quantitative Trader59,400 CZK+33%
Receivables Accountant40,900 CZK-8%
Regulatory Accountant45,900 CZK+3%
Retirement Plan Analyst70,500 CZK+58%
Revenue Management Specialist70,300 CZK+57%
Revenue Recognition Analyst76,800 CZK+72%
Risk Management Director103,000 CZK+130%
Risk Management Supervisor81,300 CZK+82%
Staff Accountant40,400 CZK-10%
Tax Accountant40,800 CZK-9%
Tax Administrator44,100 CZK-1%
Tax Advisor66,000 CZK+48%
Tax Analyst63,200 CZK+41%
Tax Associate35,100 CZK-21%
Tax Consultant69,700 CZK+56%
Tax Director97,000 CZK+120%
Tax Examiner46,000 CZK+3%
Tax Manager88,800 CZK+99%
Tax Research Manager85,100 CZK+90%
Teller26,300 CZK-41%
Treasury Accountant44,200 CZK-1%
Treasury Analyst72,700 CZK+63%
Underwriter28,500 CZK-36%
Underwriting Assistant28,400 CZK-36%
Vice President of Finance121,000 CZK+170%

Salary Comparison By City

CityAverage Salary
Prague51,700 CZK

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 Czech Republic is 7% on average across all career fields.

Private Sector
59,300 CZK
Public Sector+7%
63,600 CZK
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 Project Accountant in Czech Republic?

A good and competitive compensation would range anywhere between 42,700 CZK and 49,200 CZK. 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 Project Accountant in Czech Republic ranges from 20,600 CZK to 34,400 CZK. 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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