Accountant Average Salary in Istanbul 2024
How much money does a person working as Accountant make in Istanbul?
LOW
3,170
TRY AVERAGE
5,980
TRY HIGH
9,080
TRY
A person working as Accountant in Istanbul typically earns around 5,980 TRY. Salaries range from 3,170 TRY (lowest) to 9,080 TRY (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Accountant salaries in Istanbul vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accountant Pay Scale and Salaries in Istanbul
Salary Structure and Pay Scale Comparison
5,370 TRY or more
4,790 to 5,370 TRY
3,530 TRY or less
3,530 to 4,790 TRY
 3,170 TRY |
5,390 TRY |
9,080 TRY |
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 Accountant in Istanbul range from 3,170 TRY (starting salary) to 9,080 TRY (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 5,390 TRY, half of the professionals who work as Accountant in Istanbul 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 Accountant in Istanbul earn less than 4,490 TRY, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,100 TRY 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 Accountant in Istanbul compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,530 TRY to 4,790 TRY. About 20% of salaries are below the 3,530 TRY mark, while 10% fall within the range of 4,790 TRY to 5,370 TRY. Only 5% of individuals have salaries exceeding 5,370 TRY.
Salary Comparison by Years of Experience / Accountant / Istanbul
How do experience and age affect pay?
| 0 - 2 Years | 3,640 TRY | |
| 2 - 5 Years | +23% | 4,470 TRY |
| 5 - 10 Years | +42% | 6,330 TRY |
| 10 - 15 Years | +17% | 7,400 TRY |
| 15 - 20 Years | +10% | 8,140 TRY |
| 20+ Years | +6% | 8,610 TRY |
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 Accountant and this is what we found.
Employees with less than two years of experience earn approximately 3,640 TRY.
While someone with an experience level between two and five years is expected to earn 4,470 TRY, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,330 TRY, 42% 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 7,400 TRY, 17% 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 8,140 TRY, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 8,610 TRY, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Accountant / Istanbul
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Accountant.
| High School | 4,410 TRY | |
| Certificate or Diploma | +13% | 5,000 TRY |
| Bachelor's Degree | +31% | 6,540 TRY |
| Master's Degree | +32% | 8,610 TRY |
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 Accountant in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 4,410 TRY.
Level 2: Certificate or Diploma
At this level, the average salary becomes 5,000 TRY, 13% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 6,540 TRY, 31% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 8,610 TRY, 32% 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 Turkey costs anywhere from 39,300 TRY to 118,000 TRY 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 / Accountant / Istanbul
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 Accountant in Turkey, the average difference between the salary of male and female employees is 15%.
| Male | 5,980 TRY | |
| Female | -13% | 5,190 TRY |
Salary Comparison By Gender in Turkey for all Careers
Average Annual Salary Increment Percentage / Accountant / Istanbul
How much are annual salary increments in Istanbul for individuals working as Accountant? How often do employees get salary raises?
Individuals working as Accountant in Turkey are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Turkey / 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 / Accountant / Turkey
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/turkey/accounting-and-finance/accountant/annual-salary-bonus-rate-turkey-accountant.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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 / Accountant / Istanbul
34 TRY per hourThe average hourly wage (pay per hour) for individuals working as Accountant in Istanbul is 34 TRY.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 Accountant in Istanbul is 18 TRY. 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 | 4,650 TRY | -22% |
| Account Executive | 8,010 TRY |  +34% |
| Accountant | 5,980 TRY | +0% |
| Accounting Analyst | 7,890 TRY | +32% |
| Accounting Assistant | 4,600 TRY | -23% |
| Accounting Associate | 4,520 TRY | -24% |
| Accounting Clerk | 3,760 TRY | -37% |
| Accounting Coordinator | 5,580 TRY | -7% |
| Accounting Head | 12,700 TRY | +110% |
| Accounting Manager | 13,600 TRY | +130% |
| Accounting Officer | 4,690 TRY | -22% |
| Accounting Specialist | 8,420 TRY | +41% |
| Accounting Supervisor | 8,360 TRY | +40% |
| Accounting Technician | 4,220 TRY | -29% |
| Accounting Unit Controller | 10,600 TRY | +77% |
| Accounts Executive | 8,100 TRY | +36% |
| Accounts Officer | 4,790 TRY | -20% |
| Accounts Payable and Receivable Specialist | 6,080 TRY | +2% |
| Accounts Payable Assistant | 5,120 TRY | -14% |
| Accounts Payable Associate | 5,630 TRY | -6% |
| Accounts Payable Clerk | 4,690 TRY | -22% |
| Accounts Payable Manager | 12,300 TRY | +110% |
| Accounts Receivable Administrator | 9,170 TRY | +53% |
| Accounts Receivable Clerk | 4,540 TRY | -24% |
| Accounts Receivable Financial Analyst | 8,700 TRY | +46% |
| Accounts Receivable Manager | 11,700 TRY | +96% |
| Accounts Receivable Team Leader | 9,400 TRY | +57% |
| Algorithmic Trading Specialist | 10,500 TRY | +76% |
| Assistant Accountant | 4,990 TRY | -16% |
| Assistant Accounting Manager | 12,000 TRY | +100% |
| Assistant Auditor | 5,980 TRY | +0% |
| Assistant Corporate Controller | 8,680 TRY | +45% |
| Assistant Finance Manager | 12,400 TRY | +110% |
| Assistant Financial Controller | 8,820 TRY | +48% |
| Audit Director | 14,900 TRY | +150% |
| Audit Supervisor | 11,100 TRY | +86% |
| Auditing Clerk | 4,790 TRY | -20% |
| Auditing Manager | 13,100 TRY | +120% |
| Billing Clerk | 4,790 TRY | -20% |
| Billing Coordinator | 5,620 TRY | -6% |
| Billing Specialist | 6,740 TRY | +13% |
| Billing Supervisor | 9,130 TRY | +53% |
| Bookkeeper | 4,270 TRY | -29% |
| Bookkeeping Specialist | 5,750 TRY | -4% |
| Budget Analyst | 11,000 TRY | +84% |
| Budget Manager | 12,900 TRY | +120% |
| Business Support Analyst | 6,740 TRY | +13% |
| Capital Markets Associate | 9,340 TRY | +56% |
| Cash Flow Analyst | 9,310 TRY | +56% |
| Cash Management Manager | 12,000 TRY | +100% |
| Cash Management Officer | 6,840 TRY | +14% |
| Cashbook Clerk | 4,390 TRY | -27% |
| Chartered Accountant | 8,250 TRY | +38% |
| Chief Accountant | 9,350 TRY | +56% |
| Chief Financial Technology Officer | 13,200 TRY | +120% |
| Collections Clerk | 3,770 TRY | -37% |
| Collections Representative | 5,200 TRY | -13% |
| Collections Specialist | 6,060 TRY | +1% |
| Corporate Controller | 9,460 TRY | +58% |
| Corporate Treasurer | 11,400 TRY | +91% |
| Cost Accountant | 6,080 TRY | +2% |
| Cost Accounting Manager | 12,800 TRY | +110% |
| Cost Accounting Supervisor | 10,200 TRY | +71% |
| Cost Analyst | 10,100 TRY | +69% |
| Credit and Collection Manager | 12,500 TRY | +110% |
| Credit and Collection Staff | 4,670 TRY | -22% |
| Credit and Loans Officer | 4,520 TRY | -24% |
| Credit Controller | 8,400 TRY | +41% |
| Credit Manager | 12,800 TRY | +110% |
| Debt Adviser | 10,800 TRY | +81% |
| Debt Collector | 5,170 TRY | -13% |
| Debtors Clerk | 4,490 TRY | -25% |
| Debtors Controller | 4,690 TRY | -22% |
| Deputy CFO | 16,600 TRY | +180% |
| Deputy Head of Finance | 17,700 TRY | +200% |
| Derivative Trader | 10,400 TRY | +74% |
| Director of Finance | 19,200 TRY | +220% |
| E-commerce Accountant | 6,420 TRY | +7% |
| Economist | 14,000 TRY | +130% |
| Equity Analyst | 10,800 TRY | +81% |
| Escrow Assistant | 5,390 TRY | -10% |
| Executive Accountant | 6,760 TRY | +13% |
| External Auditor | 8,670 TRY | +45% |
| Finance Administrator | 7,250 TRY | +21% |
| Finance Analyst | 11,700 TRY | +96% |
| Finance Associate | 5,310 TRY | -11% |
| Finance Data Analyst | 10,400 TRY | +74% |
| Finance Director | 17,700 TRY | +200% |
| Finance Executive | 13,100 TRY | +120% |
| Finance Licensing Clerk | 4,650 TRY | -22% |
| Finance Licensing Manager | 12,100 TRY | +100% |
| Finance Licensing Specialist | 6,750 TRY | +13% |
| Finance Manager | 18,200 TRY | +200% |
| Finance Officer | 6,050 TRY | +1% |
| Finance President | 18,500 TRY | +210% |
| Finance Relationship Manager | 14,000 TRY | +130% |
| Finance Release Analyst | 7,440 TRY | +25% |
| Finance Specialist | 10,600 TRY | +77% |
| Finance Team Leader | 13,900 TRY | +130% |
| Financial Accountant | 6,290 TRY | +5% |
| Financial Actuary | 9,140 TRY | +53% |
| Financial Administrator | 10,700 TRY | +79% |
| Financial Advisor | 11,400 TRY | +91% |
| Financial Analyst | 11,500 TRY | +92% |
| Financial Applications Specialist | 7,770 TRY | +30% |
| Financial Assistant | 4,920 TRY | -18% |
| Financial Associate | 5,920 TRY | -1% |
| Financial Claims Analyst | 8,590 TRY | +44% |
| Financial Claims Manager | 11,200 TRY | +87% |
| Financial Claims Supervisor | 10,200 TRY | +71% |
| Financial Clerk | 4,520 TRY | -24% |
| Financial Commercial Analyst | 8,830 TRY | +48% |
| Financial Compliance Analyst | 9,830 TRY | +65% |
| Financial Compliance Officer | 9,980 TRY | +67% |
| Financial Consultant | 8,670 TRY | +45% |
| Financial Controller | 9,570 TRY | +60% |
| Financial Coordinator | 5,610 TRY | -6% |
| Financial Customer Service Manager | 11,000 TRY | +84% |
| Financial Data Scientist | 11,500 TRY | +92% |
| Financial Dealer and Broker | 7,040 TRY | +18% |
| Financial Director | 17,600 TRY | +190% |
| Financial Encoder | 5,350 TRY | -10% |
| Financial Manager | 18,000 TRY | +200% |
| Financial Modelling Analyst | 10,900 TRY | +82% |
| Financial Operations Manager | 15,700 TRY | +160% |
| Financial Policy Analyst | 9,800 TRY | +64% |
| Financial Project Manager | 13,300 TRY | +120% |
| Financial Quantitative Analyst | 11,100 TRY | +86% |
| Financial Reporting Consultant | 9,190 TRY | +54% |
| Financial Reporting Manager | 12,100 TRY | +100% |
| Financial Section Head | 11,400 TRY | +91% |
| Financial Services Manager | 16,100 TRY | +170% |
| Financial Services Sales Agent | 6,860 TRY | +15% |
| Financial Technology Consultant | 9,420 TRY | +58% |
| Financial Wellness Coach | 13,300 TRY | +120% |
| FinTech Analyst | 11,000 TRY | +84% |
| Fixed Assets Administrator | 6,430 TRY | +8% |
| Forensic Accountant | 7,060 TRY | +18% |
| Fraud Detection Supervisor | 7,310 TRY | +22% |
| Fraud Prevention Manager | 13,200 TRY | +120% |
| Fund Accountant | 6,070 TRY | +2% |
| Grants Coordinator | 4,660 TRY | -22% |
| Green Finance Analyst | 9,090 TRY | +52% |
| Group Financial Manager | 17,600 TRY | +190% |
| Internal Auditor | 8,130 TRY | +36% |
| Internal Control Adviser | 9,330 TRY | +56% |
| Internal Control Officer | 5,620 TRY | -6% |
| International Tax Director | 14,600 TRY | +140% |
| Inventory Accountant | 6,590 TRY | +10% |
| Investment Advisor | 16,700 TRY | +180% |
| Investment Analyst | 12,100 TRY | +100% |
| Investment Associate | 10,000 TRY | +67% |
| Investment Broker | 10,100 TRY | +69% |
| Investment Fund Manager | 14,500 TRY | +140% |
| Investment Operations Manager | 13,200 TRY | +120% |
| Investment Underwriter | 5,430 TRY | -9% |
| Investor | 8,190 TRY | +37% |
| Investor Relations Manager | 12,500 TRY | +110% |
| KYC Team Leader | 11,600 TRY | +94% |
| Loan Processor | 5,100 TRY | -15% |
| Management Accountant | 7,170 TRY | +20% |
| Management Economist | 14,500 TRY | +140% |
| Paymaster | 4,940 TRY | -17% |
| Payroll Administrator | 8,060 TRY | +35% |
| Payroll Benefits Coordinator | 7,090 TRY | +19% |
| Payroll Billing Manager | 11,500 TRY | +92% |
| Payroll Clerk | 5,240 TRY | -12% |
| Payroll Manager | 10,800 TRY | +81% |
| Payroll Officer | 5,410 TRY | -9% |
| Payroll Specialist | 6,350 TRY | +6% |
| Payroll Supervisor | 8,190 TRY | +37% |
| Pensions Administrator | 6,600 TRY | +10% |
| Personal Financial Advisor | 8,830 TRY | +48% |
| Pricing Analyst | 9,790 TRY | +64% |
| Private Equity Analyst | 10,700 TRY | +79% |
| Project Accountant | 6,380 TRY | +7% |
| Proposal Development Coordinator | 5,540 TRY | -7% |
| Quantitative Trader | 8,750 TRY | +46% |
| Receivables Accountant | 5,950 TRY | -0% |
| Regulatory Accountant | 7,000 TRY | +17% |
| Retirement Plan Analyst | 9,460 TRY | +58% |
| Revenue Management Specialist | 10,700 TRY | +79% |
| Revenue Recognition Analyst | 11,900 TRY | +99% |
| Risk Management Director | 14,400 TRY | +140% |
| Risk Management Supervisor | 12,900 TRY | +120% |
| Staff Accountant | 5,710 TRY | -4% |
| Tax Accountant | 5,650 TRY | -5% |
| Tax Administrator | 6,460 TRY | +8% |
| Tax Advisor | 9,900 TRY | +66% |
| Tax Analyst | 9,740 TRY | +63% |
| Tax Associate | 5,510 TRY | -8% |
| Tax Consultant | 9,980 TRY | +67% |
| Tax Director | 14,300 TRY | +140% |
| Tax Examiner | 6,720 TRY | +12% |
| Tax Manager | 13,100 TRY | +120% |
| Tax Research Manager | 12,900 TRY | +120% |
| Teller | 3,690 TRY | -38% |
| Treasury Accountant | 6,490 TRY | +9% |
| Treasury Analyst | 9,940 TRY | +66% |
| Underwriter | 4,530 TRY | -24% |
| Underwriting Assistant | 4,190 TRY | -30% |
| Vice President of Finance | 16,300 TRY | +170% |
Salary Comparison By City
| City | Average Salary |
| Ankara | 5,530 TRY |
| Istanbul | 5,980 TRY |
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 Turkey is 5% on average across all career fields.
| Private Sector | 7,660 TRY | |
| Public Sector | +5% | 8,040 TRY |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Accountant in Istanbul?
A good and competitive compensation would range anywhere between 5,390 TRY and 6,100 TRY. 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 Accountant in Istanbul ranges from 3,170 TRY to 4,490 TRY. 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
