How much money does a person working in Accounting and Finance make in Iraq?
Average Monthly Salary
2,130,000 IQD
( 25,500,000 IQD yearly)
LOW
854,000
IQD
AVERAGE
2,130,000
IQD
HIGH
4,240,000
IQD
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 in Accounting and Finance in Iraq typically earns around 2,130,000 IQD. Salaries range from 854,000 IQD (lowest average) to 4,240,000 IQD (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 Iraq 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 | 1,170,000 IQD |
Account Executive | 1,830,000 IQD |
Accountant | 1,540,000 IQD |
Accounting Analyst | 1,800,000 IQD |
|
Accounting Assistant | 1,210,000 IQD |
Accounting Associate | 1,120,000 IQD |
Accounting Clerk | 912,000 IQD |
Accounting Coordinator | 1,410,000 IQD |
Accounting Head | 2,890,000 IQD |
Accounting Manager | 3,050,000 IQD |
Accounting Officer | 1,090,000 IQD |
Accounting Specialist | 2,000,000 IQD |
Accounting Supervisor | 2,150,000 IQD |
Accounting Technician | 1,040,000 IQD |
Accounting Unit Controller | 2,460,000 IQD |
Accounts Executive | 2,000,000 IQD |
Accounts Officer | 1,160,000 IQD |
Accounts Payable and Receivable Specialist | 1,470,000 IQD |
Accounts Payable Assistant | 1,240,000 IQD |
Accounts Payable Associate | 1,420,000 IQD |
Accounts Payable Clerk | 1,070,000 IQD |
Accounts Payable Manager | 2,850,000 IQD |
Accounts Receivable Administrator | 2,180,000 IQD |
Accounts Receivable Clerk | 1,080,000 IQD |
Accounts Receivable Financial Analyst | 2,030,000 IQD |
Accounts Receivable Manager | 2,830,000 IQD |
Accounts Receivable Team Leader | 2,230,000 IQD |
Algorithmic Trading Specialist | 2,550,000 IQD |
Assistant Accountant | 1,160,000 IQD |
Assistant Accounting Manager | 2,750,000 IQD |
Assistant Auditor | 1,540,000 IQD |
Assistant Corporate Controller | 2,060,000 IQD |
Assistant Finance Manager | 3,200,000 IQD |
Assistant Financial Controller | 2,060,000 IQD |
Audit Director | 3,550,000 IQD |
Audit Supervisor | 2,700,000 IQD |
Auditing Clerk | 1,160,000 IQD |
Auditing Manager | 3,110,000 IQD |
Billing Clerk | 1,140,000 IQD |
Billing Coordinator | 1,360,000 IQD |
Billing Specialist | 1,540,000 IQD |
Billing Supervisor | 2,310,000 IQD |
Bookkeeper | 996,000 IQD |
Bookkeeping Specialist | 1,420,000 IQD |
Budget Analyst | 2,610,000 IQD |
Budget Manager | 3,140,000 IQD |
Business Support Analyst | 1,740,000 IQD |
Capital Markets Associate | 2,350,000 IQD |
Cash Flow Analyst | 2,300,000 IQD |
Cash Management Manager | 3,020,000 IQD |
Cash Management Officer | 1,760,000 IQD |
Cashbook Clerk | 981,000 IQD |
Chartered Accountant | 1,960,000 IQD |
Chief Accountant | 2,220,000 IQD |
Chief Financial Technology Officer | 3,200,000 IQD |
Collections Clerk | 952,000 IQD |
Collections Representative | 1,310,000 IQD |
Collections Specialist | 1,590,000 IQD |
Corporate Controller | 2,290,000 IQD |
Corporate Treasurer | 2,990,000 IQD |
Cost Accountant | 1,470,000 IQD |
Cost Accounting Manager | 3,110,000 IQD |
Cost Accounting Supervisor | 2,470,000 IQD |
Cost Analyst | 2,500,000 IQD |
Credit and Collection Manager | 3,040,000 IQD |
Credit and Collection Staff | 1,110,000 IQD |
Credit and Loans Officer | 1,140,000 IQD |
Credit Controller | 2,160,000 IQD |
Credit Manager | 3,290,000 IQD |
Debt Adviser | 2,420,000 IQD |
Debt Collector | 1,180,000 IQD |
Debtors Clerk | 1,070,000 IQD |
Debtors Controller | 1,090,000 IQD |
Deputy CFO | 4,190,000 IQD |
Deputy Head of Finance | 4,220,000 IQD |
Derivative Trader | 2,680,000 IQD |
Director of Finance | 4,490,000 IQD |
E-commerce Accountant | 1,520,000 IQD |
Economist | 3,460,000 IQD |
Equity Analyst | 2,670,000 IQD |
Escrow Assistant | 1,280,000 IQD |
Executive Accountant | 1,710,000 IQD |
External Auditor | 2,100,000 IQD |
Finance Administrator | 1,790,000 IQD |
Finance Analyst | 2,840,000 IQD |
Finance Associate | 1,340,000 IQD |
Finance Data Analyst | 2,460,000 IQD |
Finance Director | 4,550,000 IQD |
Finance Executive | 3,180,000 IQD |
Finance Licensing Clerk | 1,060,000 IQD |
Finance Licensing Manager | 2,820,000 IQD |
Finance Licensing Specialist | 1,600,000 IQD |
Finance Manager | 4,340,000 IQD |
Finance Officer | 1,410,000 IQD |
Finance President | 4,310,000 IQD |
Finance Relationship Manager | 3,460,000 IQD |
Finance Release Analyst | 1,730,000 IQD |
Finance Specialist | 2,570,000 IQD |
Finance Team Leader | 3,510,000 IQD |
Financial Accountant | 1,460,000 IQD |
Financial Actuary | 2,400,000 IQD |
Financial Administrator | 2,400,000 IQD |
Financial Advisor | 2,830,000 IQD |
Financial Analyst | 2,690,000 IQD |
Financial Applications Specialist | 1,840,000 IQD |
Financial Assistant | 1,190,000 IQD |
Financial Associate | 1,210,000 IQD |
Financial Associate | 1,490,000 IQD |
Financial Claims Analyst | 2,080,000 IQD |
Financial Claims Manager | 2,760,000 IQD |
Financial Claims Supervisor | 2,570,000 IQD |
Financial Clerk | 1,140,000 IQD |
Financial Commercial Analyst | 2,270,000 IQD |
Financial Compliance Analyst | 2,380,000 IQD |
Financial Compliance Officer | 2,420,000 IQD |
Financial Consultant | 2,060,000 IQD |
Financial Controller | 2,360,000 IQD |
Financial Controller | 2,510,000 IQD |
Financial Coordinator | 1,390,000 IQD |
Financial Customer Service Manager | 2,620,000 IQD |
Financial Data Scientist | 2,850,000 IQD |
Financial Dealer and Broker | 1,610,000 IQD |
Financial Director | 4,270,000 IQD |
Financial Encoder | 1,250,000 IQD |
Financial Manager | 4,010,000 IQD |
Financial Manager | 4,100,000 IQD |
Financial Modelling Analyst | 2,760,000 IQD |
Financial Operations Manager | 3,660,000 IQD |
Financial Policy Analyst | 2,330,000 IQD |
Financial Project Manager | 3,230,000 IQD |
Financial Quantitative Analyst | 2,580,000 IQD |
Financial Reporting Consultant | 2,140,000 IQD |
Financial Reporting Manager | 2,870,000 IQD |
Financial Section Head | 3,000,000 IQD |
Financial Services Manager | 3,740,000 IQD |
Financial Services Sales Agent | 1,660,000 IQD |
Financial Technology Consultant | 2,420,000 IQD |
Financial Wellness Coach | 3,170,000 IQD |
FinTech Analyst | 2,670,000 IQD |
Fixed Assets Administrator | 1,500,000 IQD |
Forensic Accountant | 1,750,000 IQD |
Fraud Detection Supervisor | 1,770,000 IQD |
Fraud Prevention Manager | 2,940,000 IQD |
Fund Accountant | 1,380,000 IQD |
Grants Coordinator | 1,150,000 IQD |
Green Finance Analyst | 2,250,000 IQD |
Group Financial Manager | 4,530,000 IQD |
Internal Auditor | 2,010,000 IQD |
Internal Control Adviser | 2,260,000 IQD |
Internal Control Officer | 1,260,000 IQD |
International Tax Director | 3,540,000 IQD |
Inventory Accountant | 1,540,000 IQD |
Investment Advisor | 3,890,000 IQD |
Investment Analyst | 2,880,000 IQD |
Investment Associate | 2,630,000 IQD |
Investment Broker | 2,450,000 IQD |
Investment Fund Manager | 3,510,000 IQD |
Investment Operations Manager | 3,270,000 IQD |
Investment Underwriter | 1,340,000 IQD |
Investor | 1,950,000 IQD |
Investor Relations Manager | 3,040,000 IQD |
KYC Team Leader | 3,050,000 IQD |
Loan Processor | 1,240,000 IQD |
Management Accountant | 1,670,000 IQD |
Management Economist | 3,520,000 IQD |
Paymaster | 1,270,000 IQD |
Payroll Administrator | 1,950,000 IQD |
Payroll Benefits Coordinator | 1,590,000 IQD |
Payroll Billing Manager | 2,630,000 IQD |
Payroll Clerk | 1,300,000 IQD |
Payroll Manager | 2,730,000 IQD |
Payroll Officer | 1,260,000 IQD |
Payroll Specialist | 1,510,000 IQD |
Payroll Supervisor | 1,910,000 IQD |
Pensions Administrator | 1,600,000 IQD |
Personal Financial Advisor | 2,230,000 IQD |
Pricing Analyst | 2,470,000 IQD |
Private Equity Analyst | 2,750,000 IQD |
Project Accountant | 1,680,000 IQD |
Proposal Development Coordinator | 1,340,000 IQD |
Quantitative Trader | 2,080,000 IQD |
Receivables Accountant | 1,360,000 IQD |
Regulatory Accountant | 1,630,000 IQD |
Retirement Plan Analyst | 2,290,000 IQD |
Revenue Management Specialist | 2,390,000 IQD |
Revenue Recognition Analyst | 2,780,000 IQD |
Risk Management Director | 3,640,000 IQD |
Risk Management Supervisor | 3,000,000 IQD |
Staff Accountant | 1,500,000 IQD |
Tax Accountant | 1,430,000 IQD |
Tax Administrator | 1,660,000 IQD |
Tax Advisor | 2,350,000 IQD |
Tax Analyst | 2,360,000 IQD |
Tax Associate | 1,290,000 IQD |
Tax Consultant | 2,470,000 IQD |
Tax Director | 3,600,000 IQD |
Tax Examiner | 1,660,000 IQD |
Tax Manager | 3,110,000 IQD |
Tax Research Manager | 3,120,000 IQD |
Teller | 912,000 IQD |
Treasury Accountant | 1,570,000 IQD |
Treasury Analyst | 2,410,000 IQD |
Underwriter | 1,100,000 IQD |
Underwriting Assistant | 1,030,000 IQD |
Vice President of Finance | 3,940,000 IQD |
Accounting and Finance Jobs Pay Scale and Salaries in Iraq
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iraq/accounting-and-finance/median-and-salary-distribution-monthly-iraq-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
2,250,000 IQD or more
10% of people earn
1,910,000 to 2,250,000 IQD
20% of people earn
1,150,000 IQD or less
65% of people earn
1,150,000 to 1,910,000 IQD
Minimum Salary 854,000 IQD |
Median 1,970,000 IQD |
Maximum 4,240,000 IQD |
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 in Accounting and Finance in Iraq range from 854,000 IQD (starting average salary) to 4,240,000 IQD (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 1,970,000 IQD, implying that half of the workforce in Iraq 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 Iraq earn less than 1,550,000 IQD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 2,390,000 IQD, 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 Iraq. The analysis revealed that roughly 65% of all reported salaries fell within the range of 1,150,000 IQD to 1,910,000 IQD. Approximately 20% of salaries were below the 1,150,000 IQD mark, while 10% ranged from 1,910,000 IQD to 2,250,000 IQD. Only 5% of individuals earned a gross salary of 2,250,000 IQD 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 Iraq 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 Iraq, 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 Iraq costs anywhere from 10,300,000 IQD to 30,900,000 IQD 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 / Iraq
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iraq/accounting-and-finance/salary-comparison-by-gender-monthly-iraq-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 Iraq, the average difference between the salary of male and female employees is 10%.
Male | | 2,270,000 IQD |
Female | -9% | 2,060,000 IQD |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Iraq for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iraq/salary-comparison-by-gender-monthly-iraq.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Iraq
How much are annual salary increments in Iraq for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Iraq are likely to observe a salary increase of approximately 9% every 18 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iraq/accounting-and-finance/annual-salary-increment-rate-iraq-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.
Iraq / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iraq/annual-salary-increment-rate-iraq.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 Iraq is 4%.”
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 / Iraq
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iraq/accounting-and-finance/annual-salary-bonus-rate-iraq-accounting-and-finance.jpg
24% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 76% 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 | | 76% |
No Bonus | | 24% |
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 / Iraq
12,300 IQD
per hour The average hourly wage (pay per hour) in Accounting and Finance in Iraq is 12,300 IQD.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 Iraq is 4,930 IQD. 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
Al-Basrah | 2,400,000 IQD |
Al-Mawsil | 2,040,000 IQD |
An-Najaf | 2,320,000 IQD |
Baghdad | 2,480,000 IQD |
Irbil | 2,210,000 IQD |
Kirkuk | 2,130,000 IQD |
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 Iraq is 15% on average across all career fields.
Private Sector | | 1,920,000 IQD |
Public Sector | +15% | 2,200,000 IQD |
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 Iraq?
A good and competitive compensation would range anywhere between 1,970,000 IQD and 2,390,000 IQD. 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 Iraq ranges from 854,000 IQD to 1,550,000 IQD. 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