How much money does a person working in Accounting and Finance make in Paraguay?
Average Monthly Salary
8,530,000 PYG
( 102,000,000 PYG yearly)
LOW
3,420,000
PYGAVERAGE
8,530,000
PYGHIGH
17,000,000
PYG
All salary figures displayed here are
per monthexcept 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 Title | Average Salary |
| Account Examiner | 4,020,000 PYG |
| Account Executive | 7,010,000 PYG |
| Accountant | 5,590,000 PYG |
| Accounting Analyst | 7,190,000 PYG |
| Accounting Assistant | 4,240,000 PYG |
| Accounting Associate | 4,260,000 PYG |
| Accounting Clerk | 3,420,000 PYG |
| Accounting Coordinator | 4,830,000 PYG |
| Accounting Head | 11,100,000 PYG |
| Accounting Manager | 12,200,000 PYG |
| Accounting Officer | 4,210,000 PYG |
| Accounting Specialist | 7,460,000 PYG |
| Accounting Supervisor | 7,660,000 PYG |
| Accounting Technician | 4,060,000 PYG |
| Accounting Unit Controller | 9,500,000 PYG |
| Accounts Executive | 7,120,000 PYG |
| Accounts Officer | 4,620,000 PYG |
| Accounts Payable and Receivable Specialist | 5,640,000 PYG |
| Accounts Payable Assistant | 4,380,000 PYG |
| Accounts Payable Associate | 5,230,000 PYG |
| Accounts Payable Clerk | 4,150,000 PYG |
| Accounts Payable Manager | 10,700,000 PYG |
| Accounts Receivable Administrator | 8,290,000 PYG |
| Accounts Receivable Clerk | 4,310,000 PYG |
| Accounts Receivable Financial Analyst | 7,580,000 PYG |
| Accounts Receivable Manager | 10,900,000 PYG |
| Accounts Receivable Team Leader | 8,080,000 PYG |
| Algorithmic Trading Specialist | 9,760,000 PYG |
| Assistant Accountant | 4,350,000 PYG |
| Assistant Accounting Manager | 11,100,000 PYG |
| Assistant Auditor | 5,370,000 PYG |
| Assistant Corporate Controller | 7,380,000 PYG |
| Assistant Finance Manager | 12,200,000 PYG |
| Assistant Financial Controller | 7,620,000 PYG |
| Audit Director | 13,200,000 PYG |
| Audit Supervisor | 10,700,000 PYG |
| Auditing Clerk | 4,620,000 PYG |
| Auditing Manager | 11,900,000 PYG |
| Billing Clerk | 4,320,000 PYG |
| Billing Coordinator | 5,010,000 PYG |
| Billing Specialist | 6,020,000 PYG |
| Billing Supervisor | 8,840,000 PYG |
| Bookkeeper | 3,690,000 PYG |
| Bookkeeping Specialist | 5,530,000 PYG |
| Budget Analyst | 9,340,000 PYG |
| Budget Manager | 12,000,000 PYG |
| Business Support Analyst | 6,050,000 PYG |
| Capital Markets Associate | 8,760,000 PYG |
| Cash Flow Analyst | 8,510,000 PYG |
| Cash Management Manager | 10,800,000 PYG |
| Cash Management Officer | 6,720,000 PYG |
| Cashbook Clerk | 3,970,000 PYG |
| Chartered Accountant | 7,240,000 PYG |
| Chief Accountant | 8,530,000 PYG |
| Chief Financial Technology Officer | 11,300,000 PYG |
| Collections Clerk | 3,470,000 PYG |
| Collections Representative | 5,030,000 PYG |
| Collections Specialist | 5,480,000 PYG |
| Corporate Controller | 8,690,000 PYG |
| Corporate Treasurer | 10,300,000 PYG |
| Cost Accountant | 5,760,000 PYG |
| Cost Accounting Manager | 11,400,000 PYG |
| Cost Accounting Supervisor | 9,530,000 PYG |
| Cost Analyst | 8,900,000 PYG |
| Credit and Collection Manager | 11,600,000 PYG |
| Credit and Collection Staff | 4,430,000 PYG |
| Credit and Loans Officer | 3,910,000 PYG |
| Credit Controller | 7,780,000 PYG |
| Credit Manager | 12,100,000 PYG |
| Debt Adviser | 9,020,000 PYG |
| Debt Collector | 4,710,000 PYG |
| Debtors Clerk | 3,980,000 PYG |
| Debtors Controller | 4,210,000 PYG |
| Deputy CFO | 15,000,000 PYG |
| Deputy Head of Finance | 15,600,000 PYG |
| Derivative Trader | 9,550,000 PYG |
| Director of Finance | 16,800,000 PYG |
| E-commerce Accountant | 5,620,000 PYG |
| Economist | 13,300,000 PYG |
| Equity Analyst | 9,560,000 PYG |
| Escrow Assistant | 5,020,000 PYG |
| Executive Accountant | 6,600,000 PYG |
| External Auditor | 7,800,000 PYG |
| Finance Administrator | 6,690,000 PYG |
| Finance Analyst | 10,600,000 PYG |
| Finance Associate | 4,840,000 PYG |
| Finance Data Analyst | 8,900,000 PYG |
| Finance Director | 15,900,000 PYG |
| Finance Executive | 11,800,000 PYG |
| Finance Licensing Clerk | 4,280,000 PYG |
| Finance Licensing Manager | 11,000,000 PYG |
| Finance Licensing Specialist | 6,030,000 PYG |
| Finance Manager | 16,200,000 PYG |
| Finance Officer | 5,490,000 PYG |
| Finance President | 16,500,000 PYG |
| Finance Relationship Manager | 13,600,000 PYG |
| Finance Release Analyst | 6,430,000 PYG |
| Finance Specialist | 9,270,000 PYG |
| Finance Team Leader | 12,100,000 PYG |
| Financial Accountant | 5,650,000 PYG |
| Financial Actuary | 8,350,000 PYG |
| Financial Administrator | 9,820,000 PYG |
| Financial Advisor | 9,840,000 PYG |
| Financial Analyst | 10,700,000 PYG |
| Financial Applications Specialist | 6,870,000 PYG |
| Financial Assistant | 4,740,000 PYG |
| Financial Associate | 4,530,000 PYG |
| Financial Claims Analyst | 7,430,000 PYG |
| Financial Claims Manager | 10,500,000 PYG |
| Financial Claims Supervisor | 9,480,000 PYG |
| Financial Clerk | 4,290,000 PYG |
| Financial Commercial Analyst | 8,260,000 PYG |
| Financial Compliance Analyst | 9,480,000 PYG |
| Financial Compliance Officer | 9,340,000 PYG |
| Financial Consultant | 7,610,000 PYG |
| Financial Controller | 8,830,000 PYG |
| Financial Coordinator | 5,020,000 PYG |
| Financial Customer Service Manager | 10,300,000 PYG |
| Financial Data Scientist | 10,600,000 PYG |
| Financial Dealer and Broker | 5,990,000 PYG |
| Financial Director | 16,300,000 PYG |
| Financial Encoder | 4,810,000 PYG |
| Financial Manager | 16,400,000 PYG |
| Financial Modelling Analyst | 9,970,000 PYG |
| Financial Operations Manager | 15,000,000 PYG |
| Financial Policy Analyst | 9,030,000 PYG |
| Financial Project Manager | 11,900,000 PYG |
| Financial Quantitative Analyst | 9,350,000 PYG |
| Financial Reporting Consultant | 8,420,000 PYG |
| Financial Reporting Manager | 11,100,000 PYG |
| Financial Section Head | 10,400,000 PYG |
| Financial Services Manager | 14,400,000 PYG |
| Financial Services Sales Agent | 6,240,000 PYG |
| Financial Technology Consultant | 8,450,000 PYG |
| Financial Wellness Coach | 11,800,000 PYG |
| FinTech Analyst | 9,620,000 PYG |
| Fixed Assets Administrator | 6,130,000 PYG |
| Forensic Accountant | 6,860,000 PYG |
| Fraud Detection Supervisor | 6,720,000 PYG |
| Fraud Prevention Manager | 11,900,000 PYG |
| Fund Accountant | 5,420,000 PYG |
| Grants Coordinator | 4,380,000 PYG |
| Green Finance Analyst | 8,660,000 PYG |
| Group Financial Manager | 16,600,000 PYG |
| Internal Auditor | 7,210,000 PYG |
| Internal Control Adviser | 8,570,000 PYG |
| Internal Control Officer | 5,090,000 PYG |
| International Tax Director | 13,800,000 PYG |
| Inventory Accountant | 5,980,000 PYG |
| Investment Advisor | 14,700,000 PYG |
| Investment Analyst | 11,600,000 PYG |
| Investment Associate | 9,160,000 PYG |
| Investment Broker | 9,570,000 PYG |
| Investment Fund Manager | 13,000,000 PYG |
| Investment Operations Manager | 12,300,000 PYG |
| Investment Underwriter | 4,820,000 PYG |
| Investor | 7,550,000 PYG |
| Investor Relations Manager | 11,400,000 PYG |
| KYC Team Leader | 10,700,000 PYG |
| Loan Processor | 4,540,000 PYG |
| Management Accountant | 6,060,000 PYG |
| Management Economist | 13,200,000 PYG |
| Paymaster | 4,610,000 PYG |
| Payroll Administrator | 7,110,000 PYG |
| Payroll Benefits Coordinator | 6,360,000 PYG |
| Payroll Billing Manager | 10,200,000 PYG |
| Payroll Clerk | 5,040,000 PYG |
| Payroll Manager | 10,200,000 PYG |
| Payroll Officer | 4,710,000 PYG |
| Payroll Specialist | 6,030,000 PYG |
| Payroll Supervisor | 6,930,000 PYG |
| Pensions Administrator | 6,000,000 PYG |
| Personal Financial Advisor | 8,470,000 PYG |
| Pricing Analyst | 9,290,000 PYG |
| Private Equity Analyst | 9,690,000 PYG |
| Project Accountant | 5,890,000 PYG |
| Proposal Development Coordinator | 5,040,000 PYG |
| Quantitative Trader | 8,310,000 PYG |
| Receivables Accountant | 5,470,000 PYG |
| Regulatory Accountant | 6,470,000 PYG |
| Retirement Plan Analyst | 8,690,000 PYG |
| Revenue Management Specialist | 9,680,000 PYG |
| Revenue Recognition Analyst | 10,200,000 PYG |
| Risk Management Director | 14,100,000 PYG |
| Risk Management Supervisor | 11,200,000 PYG |
| Staff Accountant | 5,220,000 PYG |
| Tax Accountant | 5,460,000 PYG |
| Tax Administrator | 6,350,000 PYG |
| Tax Advisor | 8,690,000 PYG |
| Tax Analyst | 8,420,000 PYG |
| Tax Associate | 4,760,000 PYG |
| Tax Consultant | 9,400,000 PYG |
| Tax Director | 13,300,000 PYG |
| Tax Examiner | 5,840,000 PYG |
| Tax Manager | 11,200,000 PYG |
| Tax Research Manager | 12,000,000 PYG |
| Teller | 3,410,000 PYG |
| Treasury Accountant | 5,900,000 PYG |
| Treasury Analyst | 9,310,000 PYG |
| Underwriter | 4,040,000 PYG |
| Underwriting Assistant | 3,680,000 PYG |
| Vice President of Finance | 14,900,000 PYG |
Accounting and Finance Jobs Pay Scale and Salaries in Paraguay
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
3,420,000 PYG |
7,450,000 PYG |
17,000,000 PYG |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
All salary figures displayed here are
except when noted otherwise.
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?
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?
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
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%.
| Male | 8,770,000 PYG | |
| Female | -6% | 8,220,000 PYG |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Paraguay for all Careers
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.
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
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
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?
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 | 56% | |
| No Bonus | 44% |
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 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.
“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
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
Salary Comparison By City
| City | Average Salary |
| Asuncion | 9,290,000 PYG |
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
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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