Salary for assistant accountant varies based on different factors like depth of experience, skill set, working environment and geographical location details given below.
As an assistant accountant, you will be responsible for preparing monthly financial statements and maintaining the general ledger. You will also help out with audits and tax filings.
Your salary can range from $40,000 to $60,000 depending on experience and qualifications.
Salary for assistant accountant
A person working as an Accounting Assistant in Nigeria typically earns around 179,000 NGN per month. Salaries range from 82,100 NGN (lowest) to 284,000 NGN (highest).
This is the average monthly salary including housing, transport, and other benefits. Accounting Assistant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounting Assistant Salary Distribution in Nigeria
The median, the maximum, the minimum, and the range
- Salary RangeAccounting Assistant salaries in Nigeria range from 82,100 NGN per month (minimum salary) to 284,000 NGN per month (maximum salary).
- Median SalaryThe median salary is 193,000 NGN per month, which means that half (50%) of people working as Accounting Assistant(s) are earning less than 193,000 NGN while the other half are earning more than 193,000 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 Assistant(s) are earning less than 124,000 NGN while 75% of them are earning more than 124,000 NGN. Also from the diagram, 75% of Accounting Assistant(s) are earning less than 257,000 NGN while 25% are earning more than 257,000 NGN.
Accounting Assistant 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 Assistant salaries by experience level and this is what we found.
An Accounting Assistant with less than two years of experience makes approximately 93,200 NGN per month.
While someone with an experience level between two and five years is expected to earn 125,000 NGN per month, 34% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 184,000 NGN per month, 48% more than someone with two to five years of experience.
Additionally, Accounting Assistant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 224,000 NGN per month, 22% 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 245,000 NGN per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 265,000 NGN per month, 8% more than people with fifteen to twenty years of experience.
Accounting Assistant average salary change by experience in Nigeria
| 0 – 2 Years | 93,200 NGN | |
| 2 – 5 Years | +34% | 125,000 NGN |
| 5 – 10 Years | +48% | 184,000 NGN |
| 10 – 15 Years | +22% | 224,000 NGN |
| 15 – 20 Years | +9% | 245,000 NGN |
| 20+ Years | +8% | 265,000 NGN |
Percentage increase and decrease are relative to the previous value
Accounting Assistant 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 Accounting Assistant salaries by education level in order to make a comparison.
When the education level is High School, the average salary of an Accounting Assistant is 114,000 NGN per month.
While someone with a Certificate or Diploma gets a salary of 135,000 NGN per month, 18% more than someone having a High School degree.
A Bachelor’s Degree gets its holder an average salary of 195,000 NGN per month, 45% more than someone with a Certificate or Diploma.
Professionals who hold a Master’s Degree are rewarded with an average salary of 256,000 NGN per month, 31% more than someone with Bachelor’s Degree.
Accounting Assistant average salary difference by education level in Nigeria
| High School | 114,000 NGN | |
| Certificate or Diploma | +18% | 135,000 NGN |
| Bachelor’s Degree | +45% | 195,000 NGN |
| Master’s Degree | +31% | 256,000 NGN |
Percentage increase and decrease are relative to the previous value
