Accountant Average Salary in Kuwait 2024
How much money does a person working as Accountant make in Kuwait?
LOW
490
KWD AVERAGE
910
KWD HIGH
1,390
KWD
A person working as Accountant in Kuwait typically earns around 910 KWD. Salaries range from 490 KWD (lowest) to 1,390 KWD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Accountant salaries in Kuwait 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 Kuwait
Salary Structure and Pay Scale Comparison
820 KWD or more
730 to 820 KWD
540 KWD or less
540 to 730 KWD
 490 KWD |
830 KWD |
1,390 KWD |
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 Kuwait range from 490 KWD (starting salary) to 1,390 KWD (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 830 KWD, half of the professionals who work as Accountant in Kuwait 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 Kuwait earn less than 690 KWD, while 75% earn more. Similarly, the chart shows that 75% earn less than 930 KWD 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 Kuwait compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 540 KWD to 730 KWD. About 20% of salaries are below the 540 KWD mark, while 10% fall within the range of 730 KWD to 820 KWD. Only 5% of individuals have salaries exceeding 820 KWD.
Salary Comparison by Years of Experience / Accountant / Kuwait
How do experience and age affect pay?
| 0 - 2 Years | 560 KWD | |
| 2 - 5 Years | +23% | 680 KWD |
| 5 - 10 Years | +42% | 970 KWD |
| 10 - 15 Years | +17% | 1,130 KWD |
| 15 - 20 Years | +10% | 1,250 KWD |
| 20+ Years | +6% | 1,320 KWD |
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 560 KWD.
While someone with an experience level between two and five years is expected to earn 680 KWD, 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 970 KWD, 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 1,130 KWD, 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 1,250 KWD, 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 1,320 KWD, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Accountant / Kuwait
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Accountant.
| High School | 680 KWD | |
| Certificate or Diploma | +13% | 770 KWD |
| Bachelor's Degree | +31% | 1,000 KWD |
| Master's Degree | +32% | 1,320 KWD |
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 680 KWD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 770 KWD, 13% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 1,000 KWD, 31% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 1,320 KWD, 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 Kuwait costs anywhere from 6,350 KWD to 19,000 KWD 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 / Kuwait
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 Kuwait, the average difference between the salary of male and female employees is 12%.
| Male | 950 KWD | |
| Female | -10% | 850 KWD |
Salary Comparison By Gender in Kuwait for all Careers
Average Annual Salary Increment Percentage / Accountant / Kuwait
How much are annual salary increments in Kuwait for individuals working as Accountant? How often do employees get salary raises?
Individuals working as Accountant in Kuwait are likely to observe a salary increase of approximately 7% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Kuwait / 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 / Kuwait
How much and how often are bonuses being awarded?
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66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
| Received Bonus | 34% | |
| No Bonus | 66% |
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 / Kuwait
5 KWD per hourThe average hourly wage (pay per hour) for individuals working as Accountant in Kuwait is 5 KWD.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 Kuwait is 3 KWD. 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 | 700 KWD | -23% |
| Account Executive | 1,120 KWD |  +23% |
| Accountant | 910 KWD | -0% |
| Accounting Analyst | 1,080 KWD | +18% |
| Accounting Assistant | 730 KWD | -20% |
| Accounting Associate | 690 KWD | -25% |
| Accounting Clerk | 560 KWD | -39% |
| Accounting Coordinator | 840 KWD | -8% |
| Accounting Head | 1,770 KWD | +94% |
| Accounting Manager | 1,880 KWD | +110% |
| Accounting Officer | 660 KWD | -28% |
| Accounting Specialist | 1,230 KWD | +35% |
| Accounting Supervisor | 1,230 KWD | +35% |
| Accounting Technician | 670 KWD | -27% |
| Accounting Unit Controller | 1,490 KWD | +63% |
| Accounts Executive | 1,190 KWD | +30% |
| Accounts Officer | 720 KWD | -21% |
| Accounts Payable and Receivable Specialist | 940 KWD | +3% |
| Accounts Payable Assistant | 740 KWD | -19% |
| Accounts Payable Associate | 800 KWD | -12% |
| Accounts Payable Clerk | 670 KWD | -27% |
| Accounts Payable Manager | 1,800 KWD | +97% |
| Accounts Receivable Administrator | 1,390 KWD | +52% |
| Accounts Receivable Clerk | 690 KWD | -25% |
| Accounts Receivable Financial Analyst | 1,280 KWD | +40% |
| Accounts Receivable Manager | 1,830 KWD | +100% |
| Accounts Receivable Team Leader | 1,290 KWD | +41% |
| Algorithmic Trading Specialist | 1,620 KWD | +77% |
| Assistant Accountant | 730 KWD | -20% |
| Assistant Accounting Manager | 1,680 KWD | +84% |
| Assistant Auditor | 930 KWD | +2% |
| Assistant Corporate Controller | 1,290 KWD | +41% |
| Assistant Finance Manager | 1,900 KWD | +110% |
| Assistant Financial Controller | 1,270 KWD | +39% |
| Audit Director | 2,180 KWD | +140% |
| Audit Supervisor | 1,680 KWD | +84% |
| Auditing Clerk | 720 KWD | -21% |
| Auditing Manager | 1,830 KWD | +100% |
| Billing Clerk | 730 KWD | -20% |
| Billing Coordinator | 800 KWD | -12% |
| Billing Specialist | 980 KWD | +7% |
| Billing Supervisor | 1,410 KWD | +54% |
| Bookkeeper | 620 KWD | -32% |
| Bookkeeping Specialist | 910 KWD | -0% |
| Budget Analyst | 1,630 KWD | +78% |
| Budget Manager | 1,800 KWD | +97% |
| Business Support Analyst | 1,050 KWD | +15% |
| Capital Markets Associate | 1,360 KWD | +49% |
| Cash Flow Analyst | 1,340 KWD | +47% |
| Cash Management Manager | 1,780 KWD | +95% |
| Cash Management Officer | 1,050 KWD | +15% |
| Cashbook Clerk | 620 KWD | -32% |
| Chartered Accountant | 1,180 KWD | +29% |
| Chief Accountant | 1,310 KWD | +43% |
| Chief Financial Technology Officer | 1,910 KWD | +110% |
| Collections Clerk | 580 KWD | -37% |
| Collections Representative | 800 KWD | -12% |
| Collections Specialist | 920 KWD | +1% |
| Corporate Controller | 1,430 KWD | +56% |
| Corporate Treasurer | 1,730 KWD | +89% |
| Cost Accountant | 880 KWD | -4% |
| Cost Accounting Manager | 1,820 KWD | +99% |
| Cost Accounting Supervisor | 1,440 KWD | +58% |
| Cost Analyst | 1,480 KWD | +62% |
| Credit and Collection Manager | 1,740 KWD | +90% |
| Credit and Collection Staff | 710 KWD | -22% |
| Credit and Loans Officer | 680 KWD | -26% |
| Credit Controller | 1,260 KWD | +38% |
| Credit Manager | 2,000 KWD | +120% |
| Debt Adviser | 1,580 KWD | +73% |
| Debt Collector | 710 KWD | -22% |
| Debtors Clerk | 660 KWD | -28% |
| Debtors Controller | 660 KWD | -28% |
| Deputy CFO | 2,460 KWD | +170% |
| Deputy Head of Finance | 2,540 KWD | +180% |
| Derivative Trader | 1,530 KWD | +67% |
| Director of Finance | 2,830 KWD | +210% |
| E-commerce Accountant | 920 KWD | +1% |
| Economist | 2,180 KWD | +140% |
| Equity Analyst | 1,610 KWD | +76% |
| Escrow Assistant | 790 KWD | -14% |
| Executive Accountant | 1,060 KWD | +16% |
| External Auditor | 1,250 KWD | +37% |
| Finance Administrator | 1,060 KWD | +16% |
| Finance Analyst | 1,700 KWD | +86% |
| Finance Associate | 800 KWD | -12% |
| Finance Data Analyst | 1,420 KWD | +55% |
| Finance Director | 2,760 KWD | +200% |
| Finance Executive | 1,900 KWD | +110% |
| Finance Licensing Clerk | 650 KWD | -29% |
| Finance Licensing Manager | 1,750 KWD | +91% |
| Finance Licensing Specialist | 1,000 KWD | +9% |
| Finance Manager | 2,660 KWD | +190% |
| Finance Officer | 870 KWD | -5% |
| Finance President | 2,830 KWD | +210% |
| Finance Relationship Manager | 2,050 KWD | +120% |
| Finance Release Analyst | 1,070 KWD | +17% |
| Finance Specialist | 1,440 KWD | +58% |
| Finance Team Leader | 2,110 KWD | +130% |
| Financial Accountant | 890 KWD | -3% |
| Financial Actuary | 1,420 KWD | +55% |
| Financial Administrator | 1,540 KWD | +68% |
| Financial Advisor | 1,610 KWD | +76% |
| Financial Analyst | 1,730 KWD | +89% |
| Financial Applications Specialist | 1,130 KWD | +24% |
| Financial Assistant | 740 KWD | -19% |
| Financial Associate | 860 KWD | -6% |
| Financial Claims Analyst | 1,270 KWD | +39% |
| Financial Claims Manager | 1,700 KWD | +86% |
| Financial Claims Supervisor | 1,450 KWD | +59% |
| Financial Clerk | 670 KWD | -27% |
| Financial Commercial Analyst | 1,350 KWD | +48% |
| Financial Compliance Analyst | 1,480 KWD | +62% |
| Financial Compliance Officer | 1,420 KWD | +55% |
| Financial Consultant | 1,240 KWD | +36% |
| Financial Controller | 1,510 KWD | +65% |
| Financial Coordinator | 860 KWD | -6% |
| Financial Customer Service Manager | 1,610 KWD | +76% |
| Financial Data Scientist | 1,690 KWD | +85% |
| Financial Dealer and Broker | 1,020 KWD | +12% |
| Financial Director | 2,710 KWD | +200% |
| Financial Encoder | 760 KWD | -17% |
| Financial Manager | 2,440 KWD | +170% |
| Financial Modelling Analyst | 1,660 KWD | +82% |
| Financial Operations Manager | 2,270 KWD | +150% |
| Financial Policy Analyst | 1,400 KWD | +53% |
| Financial Project Manager | 1,890 KWD | +110% |
| Financial Quantitative Analyst | 1,530 KWD | +67% |
| Financial Reporting Consultant | 1,350 KWD | +48% |
| Financial Reporting Manager | 1,730 KWD | +89% |
| Financial Section Head | 1,770 KWD | +94% |
| Financial Services Manager | 2,270 KWD | +150% |
| Financial Services Sales Agent | 1,010 KWD | +11% |
| Financial Technology Consultant | 1,470 KWD | +61% |
| Financial Wellness Coach | 1,950 KWD | +110% |
| FinTech Analyst | 1,500 KWD | +64% |
| Fixed Assets Administrator | 930 KWD | +2% |
| Forensic Accountant | 1,030 KWD | +13% |
| Fraud Detection Supervisor | 1,100 KWD | +20% |
| Fraud Prevention Manager | 1,850 KWD | +100% |
| Fund Accountant | 880 KWD | -4% |
| Grants Coordinator | 710 KWD | -22% |
| Green Finance Analyst | 1,410 KWD | +54% |
| Group Financial Manager | 2,750 KWD | +200% |
| Internal Auditor | 1,220 KWD | +33% |
| Internal Control Adviser | 1,410 KWD | +54% |
| Internal Control Officer | 790 KWD | -14% |
| International Tax Director | 2,110 KWD | +130% |
| Inventory Accountant | 950 KWD | +4% |
| Investment Advisor | 2,510 KWD | +170% |
| Investment Analyst | 1,880 KWD | +110% |
| Investment Associate | 1,560 KWD | +71% |
| Investment Broker | 1,460 KWD | +60% |
| Investment Fund Manager | 2,100 KWD | +130% |
| Investment Operations Manager | 1,980 KWD | +120% |
| Investment Underwriter | 810 KWD | -11% |
| Investor | 1,170 KWD | +28% |
| Investor Relations Manager | 1,850 KWD | +100% |
| KYC Team Leader | 1,840 KWD | +100% |
| Loan Processor | 720 KWD | -21% |
| Management Accountant | 990 KWD | +8% |
| Management Economist | 2,140 KWD | +130% |
| Paymaster | 760 KWD | -17% |
| Payroll Administrator | 1,240 KWD | +36% |
| Payroll Benefits Coordinator | 980 KWD | +7% |
| Payroll Billing Manager | 1,640 KWD | +79% |
| Payroll Clerk | 830 KWD | -9% |
| Payroll Manager | 1,600 KWD | +75% |
| Payroll Officer | 800 KWD | -12% |
| Payroll Specialist | 970 KWD | +6% |
| Payroll Supervisor | 1,130 KWD | +24% |
| Pensions Administrator | 980 KWD | +7% |
| Personal Financial Advisor | 1,340 KWD | +47% |
| Pricing Analyst | 1,450 KWD | +59% |
| Private Equity Analyst | 1,700 KWD | +86% |
| Project Accountant | 1,010 KWD | +11% |
| Proposal Development Coordinator | 820 KWD | -10% |
| Quantitative Trader | 1,330 KWD | +46% |
| Receivables Accountant | 830 KWD | -9% |
| Regulatory Accountant | 1,050 KWD | +15% |
| Retirement Plan Analyst | 1,430 KWD | +56% |
| Revenue Management Specialist | 1,510 KWD | +65% |
| Revenue Recognition Analyst | 1,690 KWD | +85% |
| Risk Management Director | 2,270 KWD | +150% |
| Risk Management Supervisor | 1,890 KWD | +110% |
| Staff Accountant | 890 KWD | -3% |
| Tax Accountant | 870 KWD | -5% |
| Tax Administrator | 990 KWD | +8% |
| Tax Advisor | 1,420 KWD | +55% |
| Tax Analyst | 1,440 KWD | +58% |
| Tax Associate | 800 KWD | -12% |
| Tax Consultant | 1,520 KWD | +66% |
| Tax Director | 2,030 KWD | +120% |
| Tax Examiner | 970 KWD | +6% |
| Tax Manager | 1,800 KWD | +97% |
| Tax Research Manager | 1,820 KWD | +99% |
| Teller | 540 KWD | -41% |
| Treasury Accountant | 960 KWD | +5% |
| Treasury Analyst | 1,560 KWD | +71% |
| Underwriter | 640 KWD | -30% |
| Underwriting Assistant | 610 KWD | -33% |
| Vice President of Finance | 2,450 KWD | +170% |
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 Kuwait is 10% on average across all career fields.
| Private Sector | 1,230 KWD | |
| Public Sector | +10% | 1,360 KWD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Accountant in Kuwait?
A good and competitive compensation would range anywhere between 830 KWD and 930 KWD. 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 Kuwait ranges from 490 KWD to 690 KWD. 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
