Salary Structure for Accounting Jobs in Nigeria
Accounting is a highly sought-after profession in Nigeria, with many opportunities available for qualified accountants.
The salary structure for accounting jobs in Nigeria varies depending on a number of factors, including experience, qualifications, and the industry in which the accountant is employed.
Entry-level accountants in Nigeria can expect to earn a salary of between ₦110,000 and ₦250,000 per month.
Junior accountants with 2-3 years of experience can earn between ₦160,000 and ₦310,000 per month.
Mid-level accountants with 4-9 years of experience can earn between ₦190,000 and ₦400,000 per month.
Senior accountants with 10+ years of experience can earn between ₦220,000 and ₦600,000 per month.
Chartered accountants in Nigeria are highly compensated, with a minimum salary of ₦3,000,000 per year. Chartered accountants with experience and specialized skills can earn much more than this.
Level 7 salary in Nigeria varies depending on the industry and the specific job role. However, as a general rule of thumb, level 7 employees in Nigeria can expect to earn a salary of between ₦400,000 and ₦600,000 per month.
Factors that can affect the salary of an accountant in Nigeria include
Education: Accountants with a bachelor’s degree in accounting or a related field can expect to earn a higher salary than accountants with less education.
Experience: Accountants with more experience can expect to earn a higher salary than accountants with less experience.
Qualifications: Accountants with professional qualifications, such as the Chartered Accountant (ACA) qualification, can expect to earn a higher salary than accountants without these qualifications.
Industry: Accountants who work in certain industries, such as oil and gas or banking, can expect to earn a higher salary than accountants who work in other industries.
Location: Accountants who work in major cities, such as Lagos or Abuja, can expect to earn a higher salary than accountants who work in smaller cities or rural areas.
FAQs
What is the average salary of an entry-level accountant in Nigeria?
The average salary of an entry-level accountant in Nigeria is between ₦110,000 and ₦250,000 per month.
How much does a junior accountant earn in Nigeria?
A junior accountant with 2-3 years of experience can expect to earn between ₦160,000 and ₦310,000 per month.
What is the minimum salary of a chartered accountant in Nigeria?
The minimum salary of a chartered accountant in Nigeria is ₦3,000,000 per year.
How much is level 7 salary in Nigeria?
Level 7 salary in Nigeria varies depending on the industry and the specific job role. However, as a general rule of thumb, level 7 employees in Nigeria can expect to earn a salary of between ₦400,000 and ₦600,000 per month.
Also Read: Salary Structure for Construction Jobs in Nigeria
