Do you want to learn more about the accounts receivable clerk salary? If so, you’re in the right place. You see, it pays to research salary and compensation trends. As income has a major impact on your financial obligations and lifestyle, it’s smart to know how much an accounts receivable clerk makes. Keep reading for helpful info about accounts receivable clerk salaries and learn why you should have this information on hand.
Accounts receivable clerks are paid an average of $10.20 per hour in the United States, according to the Bureau of Labor Statistics. The lowest 10% of all accounts receivable clerks earn less than $8.50 per hour, and the highest 10% earn more than $14.80 per hour.
Salary for accounts receivable clerk
A person working as an Accounts Receivable Clerk in Nigeria typically earns around 172,000 NGN per month. Salaries range from 82,500 NGN (lowest) to 270,000 NGN (highest).
This is the average monthly salary including housing, transport, and other benefits. Accounts Receivable Clerk salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounts Receivable Clerk Salary Distribution in Nigeria
The median, the maximum, the minimum, and the range
- Salary RangeAccounts Receivable Clerk salaries in Nigeria range from 82,500 NGN per month (minimum salary) to 270,000 NGN per month (maximum salary).
- Median SalaryThe median salary is 179,000 NGN per month, which means that half (50%) of people working as Accounts Receivable Clerk(s) are earning less than 179,000 NGN while the other half are earning more than 179,000 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 Accounts Receivable Clerk(s) are earning less than 118,000 NGN while 75% of them are earning more than 118,000 NGN. Also from the diagram, 75% of Accounts Receivable Clerk(s) are earning less than 233,000 NGN while 25% are earning more than 233,000 NGN.
Accounts Receivable 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 Accounts Receivable Clerk salaries by experience level and this is what we found.
An Accounts Receivable Clerk with less than two years of experience makes approximately 96,500 NGN per month.
While someone with an experience level between two and five years is expected to earn 137,000 NGN per month, 42% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 180,000 NGN per month, 31% more than someone with two to five years of experience.
Additionally, Accounts Receivable Clerk(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 221,000 NGN per month, 23% 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 235,000 NGN per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 258,000 NGN per month, 10% more than people with fifteen to twenty years of experience.
Accounts Receivable Clerk average salary change by experience in Nigeria
| 0 – 2 Years | 96,500 NGN | |
| 2 – 5 Years | +42% | 137,000 NGN |
| 5 – 10 Years | +31% | 180,000 NGN |
| 10 – 15 Years | +23% | 221,000 NGN |
| 15 – 20 Years | +6% | 235,000 NGN |
| 20+ Years | +10% | 258,000 NGN |
Percentage increase and decrease are relative to the previous value
Accounts Receivable Clerk Salary Comparison By Education
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 Accounts Receivable Clerk salaries by education level in order to make a comparison.
When the education level is High School, the average salary of an Accounts Receivable Clerk is 120,000 NGN per month.
While someone with a Certificate or Diploma gets a salary of 176,000 NGN per month, 47% more than someone having a High School degree.
A Bachelor’s Degree gets its holder an average salary of 236,000 NGN per month, 34% more than someone with a Certificate or Diploma.
Accounts Receivable Clerk average salary difference by education level in Nigeria
| High School | 120,000 NGN | |
| Certificate or Diploma | +47% | 176,000 NGN |
| Bachelor’s Degree | +34% | 236,000 NGN |
Percentage increase and decrease are relative to the previous value
