SALARY FOR ACCOUNTING CLERK Most accounting clerks are also responsible for processing payments and collections. These clerks are generally responsible for preparing financial reports, such as collecting data on the source and amounts of revenue, calculating daily or weekly totals and coordinating reports with auditors. These positions generally require a high school diploma. However, they often pursue training in business administration or accounting programs.
Accounting clerks may be required to have a bachelor’s degree in order to get hired and advance their careers, but the salary you can earn with a four-year degree is well worth it.
In fact, according to the Bureau of Labor Statistics (BLS), accounting clerks earned an average of $33,970 per year as of May 2016. That’s significantly higher than the median wage for all occupations—$37,040—and it’s also significantly higher than the median wage for all workers with no postsecondary education.
If you want to get into this field but don’t want to go back to school for four years or more, you could consider getting an associate’s degree in accounting instead. In most cases, getting a two-year degree will still give you enough skills and experience to qualify for entry-level positions that pay around $30k annually.
Salary for accounting clerk
A person working as an Accounting Clerk in Nigeria typically earns around 143,000 NGN per month. Salaries range from 71,300 NGN (lowest) to 221,000 NGN (highest).
This is the average monthly salary including housing, transport, and other benefits. Accounting Clerk salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounting Clerk Salary Distribution in Nigeria
The median, the maximum, the minimum, and the range
- Salary RangeAccounting Clerk salaries in Nigeria range from 71,300 NGN per month (minimum salary) to 221,000 NGN per month (maximum salary).
- Median SalaryThe median salary is 143,000 NGN per month, which means that half (50%) of people working as Accounting Clerk(s) are earning less than 143,000 NGN while the other half are earning more than 143,000 NGN. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Accounting Clerk(s) are earning less than 96,200 NGN while 75% of them are earning more than 96,200 NGN. Also from the diagram, 75% of Accounting Clerk(s) are earning less than 182,000 NGN while 25% are earning more than 182,000 NGN.
Accounting Clerk Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Accounting Clerk salaries by experience level and this is what we found.
An Accounting Clerk with less than two years of experience makes approximately 85,500 NGN per month.
While someone with an experience level between two and five years is expected to earn 113,000 NGN per month, 32% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 151,000 NGN per month, 34% more than someone with two to five years of experience.
Additionally, Accounting Clerk(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 180,000 NGN per month, 19% 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 195,000 NGN per month, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 209,000 NGN per month, 7% more than people with fifteen to twenty years of experience.
Accounting Clerk average salary change by experience in Nigeria
| 0 – 2 Years | 85,500 NGN | |
| 2 – 5 Years | +32% | 113,000 NGN |
| 5 – 10 Years | +34% | 151,000 NGN |
| 10 – 15 Years | +19% | 180,000 NGN |
| 15 – 20 Years | +8% | 195,000 NGN |
| 20+ Years | +7% | 209,000 NGN |
Percentage increase and decrease are relative to the previous value
