Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (2023)

How much money does a person working in Accounting and Finance make in Paraguay?

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (1)

Average Monthly Salary

8,530,000 PYG

( 102,000,000 PYG yearly)


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 Paraguay typically earns around 8,530,000 PYG. Salaries range from 3,420,000 PYG (lowest average) to 17,000,000 PYG (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 Paraguay 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

Job TitleAverage Salary
Account Examiner4,020,000 PYG
Account Executive7,010,000 PYG
Accountant5,590,000 PYG
Accounting Analyst7,190,000 PYG
Accounting Assistant4,240,000 PYG
Accounting Associate4,260,000 PYG
Accounting Clerk3,420,000 PYG
Accounting Coordinator4,830,000 PYG
Accounting Head11,100,000 PYG
Accounting Manager12,200,000 PYG
Accounting Officer4,210,000 PYG
Accounting Specialist7,460,000 PYG
Accounting Supervisor7,660,000 PYG
Accounting Technician4,060,000 PYG
Accounting Unit Controller9,500,000 PYG
Accounts Executive7,120,000 PYG
Accounts Officer4,620,000 PYG
Accounts Payable and Receivable Specialist5,640,000 PYG
Accounts Payable Assistant4,380,000 PYG
Accounts Payable Associate5,230,000 PYG
Accounts Payable Clerk4,150,000 PYG
Accounts Payable Manager10,700,000 PYG
Accounts Receivable Administrator8,290,000 PYG
Accounts Receivable Clerk4,310,000 PYG
Accounts Receivable Financial Analyst7,580,000 PYG
Accounts Receivable Manager10,900,000 PYG
Accounts Receivable Team Leader8,080,000 PYG
Algorithmic Trading Specialist9,760,000 PYG
Assistant Accountant4,350,000 PYG
Assistant Accounting Manager11,100,000 PYG
Assistant Auditor5,370,000 PYG
Assistant Corporate Controller7,380,000 PYG
Assistant Finance Manager12,200,000 PYG
Assistant Financial Controller7,620,000 PYG
Audit Director13,200,000 PYG
Audit Supervisor10,700,000 PYG
Auditing Clerk4,620,000 PYG
Auditing Manager11,900,000 PYG
Billing Clerk4,320,000 PYG
Billing Coordinator5,010,000 PYG
Billing Specialist6,020,000 PYG
Billing Supervisor8,840,000 PYG
Bookkeeper3,690,000 PYG
Bookkeeping Specialist5,530,000 PYG
Budget Analyst9,340,000 PYG
Budget Manager12,000,000 PYG
Business Support Analyst6,050,000 PYG
Capital Markets Associate8,760,000 PYG
Cash Flow Analyst8,510,000 PYG
Cash Management Manager10,800,000 PYG
Cash Management Officer6,720,000 PYG
Cashbook Clerk3,970,000 PYG
Chartered Accountant7,240,000 PYG
Chief Accountant8,530,000 PYG
Chief Financial Technology Officer11,300,000 PYG
Collections Clerk3,470,000 PYG
Collections Representative5,030,000 PYG
Collections Specialist5,480,000 PYG
Corporate Controller8,690,000 PYG
Corporate Treasurer10,300,000 PYG
Cost Accountant5,760,000 PYG
Cost Accounting Manager11,400,000 PYG
Cost Accounting Supervisor9,530,000 PYG
Cost Analyst8,900,000 PYG
Credit and Collection Manager11,600,000 PYG
Credit and Collection Staff4,430,000 PYG
Credit and Loans Officer3,910,000 PYG
Credit Controller7,780,000 PYG
Credit Manager12,100,000 PYG
Debt Adviser9,020,000 PYG
Debt Collector4,710,000 PYG
Debtors Clerk3,980,000 PYG
Debtors Controller4,210,000 PYG
Deputy CFO15,000,000 PYG
Deputy Head of Finance15,600,000 PYG
Derivative Trader9,550,000 PYG
Director of Finance16,800,000 PYG
E-commerce Accountant5,620,000 PYG
Economist13,300,000 PYG
Equity Analyst9,560,000 PYG
Escrow Assistant5,020,000 PYG
Executive Accountant6,600,000 PYG
External Auditor7,800,000 PYG
Finance Administrator6,690,000 PYG
Finance Analyst10,600,000 PYG
Finance Associate4,840,000 PYG
Finance Data Analyst8,900,000 PYG
Finance Director15,900,000 PYG
Finance Executive11,800,000 PYG
Finance Licensing Clerk4,280,000 PYG
Finance Licensing Manager11,000,000 PYG
Finance Licensing Specialist6,030,000 PYG
Finance Manager16,200,000 PYG
Finance Officer5,490,000 PYG
Finance President16,500,000 PYG
Finance Relationship Manager13,600,000 PYG
Finance Release Analyst6,430,000 PYG
Finance Specialist9,270,000 PYG
Finance Team Leader12,100,000 PYG
Financial Accountant5,650,000 PYG
Financial Actuary8,350,000 PYG
Financial Administrator9,820,000 PYG
Financial Advisor9,840,000 PYG
Financial Analyst10,700,000 PYG
Financial Applications Specialist6,870,000 PYG
Financial Assistant4,740,000 PYG
Financial Associate4,530,000 PYG
Financial Claims Analyst7,430,000 PYG
Financial Claims Manager10,500,000 PYG
Financial Claims Supervisor9,480,000 PYG
Financial Clerk4,290,000 PYG
Financial Commercial Analyst8,260,000 PYG
Financial Compliance Analyst9,480,000 PYG
Financial Compliance Officer9,340,000 PYG
Financial Consultant7,610,000 PYG
Financial Controller8,830,000 PYG
Financial Coordinator5,020,000 PYG
Financial Customer Service Manager10,300,000 PYG
Financial Data Scientist10,600,000 PYG
Financial Dealer and Broker5,990,000 PYG
Financial Director16,300,000 PYG
Financial Encoder4,810,000 PYG
Financial Manager16,400,000 PYG
Financial Modelling Analyst9,970,000 PYG
Financial Operations Manager15,000,000 PYG
Financial Policy Analyst9,030,000 PYG
Financial Project Manager11,900,000 PYG
Financial Quantitative Analyst9,350,000 PYG
Financial Reporting Consultant8,420,000 PYG
Financial Reporting Manager11,100,000 PYG
Financial Section Head10,400,000 PYG
Financial Services Manager14,400,000 PYG
Financial Services Sales Agent6,240,000 PYG
Financial Technology Consultant8,450,000 PYG
Financial Wellness Coach11,800,000 PYG
FinTech Analyst9,620,000 PYG
Fixed Assets Administrator6,130,000 PYG
Forensic Accountant6,860,000 PYG
Fraud Detection Supervisor6,720,000 PYG
Fraud Prevention Manager11,900,000 PYG
Fund Accountant5,420,000 PYG
Grants Coordinator4,380,000 PYG
Green Finance Analyst8,660,000 PYG
Group Financial Manager16,600,000 PYG
Internal Auditor7,210,000 PYG
Internal Control Adviser8,570,000 PYG
Internal Control Officer5,090,000 PYG
International Tax Director13,800,000 PYG
Inventory Accountant5,980,000 PYG
Investment Advisor14,700,000 PYG
Investment Analyst11,600,000 PYG
Investment Associate9,160,000 PYG
Investment Broker9,570,000 PYG
Investment Fund Manager13,000,000 PYG
Investment Operations Manager12,300,000 PYG
Investment Underwriter4,820,000 PYG
Investor7,550,000 PYG
Investor Relations Manager11,400,000 PYG
KYC Team Leader10,700,000 PYG
Loan Processor4,540,000 PYG
Management Accountant6,060,000 PYG
Management Economist13,200,000 PYG
Paymaster4,610,000 PYG
Payroll Administrator7,110,000 PYG
Payroll Benefits Coordinator6,360,000 PYG
Payroll Billing Manager10,200,000 PYG
Payroll Clerk5,040,000 PYG
Payroll Manager10,200,000 PYG
Payroll Officer4,710,000 PYG
Payroll Specialist6,030,000 PYG
Payroll Supervisor6,930,000 PYG
Pensions Administrator6,000,000 PYG
Personal Financial Advisor8,470,000 PYG
Pricing Analyst9,290,000 PYG
Private Equity Analyst9,690,000 PYG
Project Accountant5,890,000 PYG
Proposal Development Coordinator5,040,000 PYG
Quantitative Trader8,310,000 PYG
Receivables Accountant5,470,000 PYG
Regulatory Accountant6,470,000 PYG
Retirement Plan Analyst8,690,000 PYG
Revenue Management Specialist9,680,000 PYG
Revenue Recognition Analyst10,200,000 PYG
Risk Management Director14,100,000 PYG
Risk Management Supervisor11,200,000 PYG
Staff Accountant5,220,000 PYG
Tax Accountant5,460,000 PYG
Tax Administrator6,350,000 PYG
Tax Advisor8,690,000 PYG
Tax Analyst8,420,000 PYG
Tax Associate4,760,000 PYG
Tax Consultant9,400,000 PYG
Tax Director13,300,000 PYG
Tax Examiner5,840,000 PYG
Tax Manager11,200,000 PYG
Tax Research Manager12,000,000 PYG
Teller3,410,000 PYG
Treasury Accountant5,900,000 PYG
Treasury Analyst9,310,000 PYG
Underwriter4,040,000 PYG
Underwriting Assistant3,680,000 PYG
Vice President of Finance14,900,000 PYG

Accounting and Finance Jobs Pay Scale and Salaries in Paraguay

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (3)

Salary Structure and Pay Scale Comparison

5% of people earn
8,500,000 PYG or more

10% of people earn
7,200,000 to 8,500,000 PYG

20% of people earn
4,330,000 PYG or less

65% of people earn
4,330,000 to 7,200,000 PYG

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (4)

Minimum Salary

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (5)


Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (6)


Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Paraguay range from 3,420,000 PYG (starting average salary) to 17,000,000 PYG (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 7,450,000 PYG, implying that half of the workforce in Paraguay 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 Paraguay earn less than 5,840,000 PYG, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 9,000,000 PYG, 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 Paraguay. The analysis revealed that roughly 65% of all reported salaries fell within the range of 4,330,000 PYG to 7,200,000 PYG. Approximately 20% of salaries were below the 4,330,000 PYG mark, while 10% ranged from 7,200,000 PYG to 8,500,000 PYG. Only 5% of individuals earned a gross salary of 8,500,000 PYG or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (7)

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 Paraguay 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.

* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (8)

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 Paraguay, 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 Paraguay costs anywhere from 41,200,000 PYG to 124,000,000 PYG 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 / Paraguay

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (9)

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 Paraguay, the average difference between the salary of male and female employees is 7%.


8,770,000 PYG


8,220,000 PYG

Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Paraguay for all Careers

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (10)

43 Careers That Pay Women More Than Men!Check The List

Average Annual Salary Increment Percentage / Accounting and Finance / Paraguay

How much are annual salary increments in Paraguay for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in Paraguay are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (11)

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.

Paraguay / All Professions

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (12)

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 Paraguay is 2%.

Worldwide Salary Raises: All Countries and All Jobs

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (13)

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 / Paraguay

How much and how often are bonuses being awarded?Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (14)

44% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus


No Bonus


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.

A graphics designer working for a graphics designing company.

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 / Paraguay

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (15) 49,200 PYG per hour

The average hourly wage (pay per hour) in Accounting and Finance in Paraguay is 49,200 PYG.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 Paraguay is 19,800 PYG. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Accounting and Finance VS Other Jobs

8,530,000 PYG

8,250,000 PYG

Average Salary
Accounting and Finance

Average Salary
All Jobs

Accounting and Finance Average Salaries in Paraguay 2023 - The Complete Guide (16)

Salary Comparison By City

CityAverage Salary
Asuncion9,290,000 PYG
Improve the data by anonymously submitting your salary detailsSalaryExplorer is a user contributed platform. We rely on user input to generate real and authentic salary details for everyone. Help us by submitting your salary details anonymously.It takes less than a minute!Contribute Now

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 Paraguay is 10% on average across all career fields.

Private Sector

8,000,000 PYG

Public Sector+10%

8,830,000 PYG

Percentage increase and decrease are relative to the previous value

Top 10 Highest Paying Careers in ParaguaySee Full List

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Paraguay?

A good and competitive compensation would range anywhere between 7,450,000 PYG and 9,000,000 PYG. 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 Paraguay ranges from 3,420,000 PYG to 5,840,000 PYG. 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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