Analyzing accountant salaries in Denmark: Education, experience and industry comparisons
In Denmark, an Accountant typically earns around DKK 28,500 per month. Salaries can vary widely depending on a number of factors, including experience, skills, gender and location. The average salary range for an Accountant in Denmark is between DKK 14,300 and DKK 44,200 per month.
It's worth noting that the average monthly salary mentioned includes additional benefits such as housing and transport. For a more detailed breakdown of Accountant salaries in Denmark based on different criteria, keep reading.
Understanding accountant salaries in Denmark: Ranges, medians, and percentiles
If you're interested in becoming an Accountant in Denmark, it's important to know what salary to expect. The salary range for Accountants in Denmark is quite broad, with starting salaries typically around 14,300 DKK per month and maximum salaries reaching up to 44,200 DKK per month. However, it's important to note that the reported minimum salary is not the legal minimum wage in Denmark.
The median salary for Accountants in Denmark is about DKK 26,400 per month. If you want to earn more than the median, you should aim for the top 25th percentile of earners who earn more than DKK 30,100 per month.
The majority of accountant salaries in Denmark, about 65%, are between DKK 16,700 and DKK 23,300 per month. About 20% of salaries are below DKK 16,700 per month, and 10% fall between DKK 23,300 and DKK 26,300 per month. Only 5% of accountants in Denmark earn more than DKK 26,300 per month.
The impact of experience level on accounting salaries
When it comes to determining an accountant's salary, the most important factor is their experience level. This means that the more years of experience they have, the higher their wage is likely to be.
To break it down, we looked at accountant salaries based on their experience level and found the following:
- Those with less than two years of experience make around 17,100 DKK per month.
- Someone with two to five years of experience can expect to earn 22,700 DKK per month, which is 32% more than someone with less than two years of experience.
- An accountant with five to ten years of experience typically earns 30,300 DKK per month, 34% more than someone with two to five years of experience.
- Accountants with ten to fifteen years of experience earn around 36,100 DKK per month, which is 19% more than those with five to ten years of experience.
- Those with fifteen to twenty years of experience can expect a salary of 39,000 DKK per month, 8% more than someone with ten to fifteen years of experience.
- Finally, accountants with more than twenty years of experience earn a salary of 41,800 DKK per month, 7% more than those with fifteen to twenty years of experience.
Breaking down accountant salaries by education level: How much does education impact your income?
We all know that the more education you have, the more money you can potentially make. But have you ever wondered how much more money you can expect to earn with each level of education? We decided to look at the salaries of Accountants at different education levels to compare.
- For those who only completed high school, the average monthly salary is 21,500 DKK.
- If you have a Certificate or Diploma, your average monthly salary is 24,500 DKK, which is 14% more than someone with just a high school degree.
- If you have a Bachelor's Degree, your average monthly salary jumps up to 33,100 DKK, which is a 36% increase compared to someone with a Certificate or Diploma.
- Finally, if you have a Master's Degree, you can expect to earn an average monthly salary of 41,800 DKK, which is a 26% increase compared to someone with a Bachelor's Degree.
Insights on bonuses and incentives for accountants based on performance and revenue generation
An accountant's job in Denmark can also come with performance-based bonuses. Employees who are most involved in generating revenue tend to receive the highest bonuses. In the survey, 44% of those working as accountants in Denmark said they had not received any bonuses or incentives in the past year, while 56% said they had received at least one form of cash bonus. The bonuses received by those who did receive them ranged from 3% to 6% of their annual salary.
Accountant salaries in Denmark: Industry differences and public vs. private sector pay
On average, Accountants in Denmark earn 32% less than professionals in the Accounting and Finance field. However, Accounting and Finance jobs pay 3% more than the average salary for all jobs. If you're deciding between working for a private company or the government, it's worth noting that public sector employees in Denmark typically earn 6% more than those in the private sector, across all industries. For Accountants in Denmark, a good and competitive salary falls within the range of 26,400 DKK to 30,100 DKK. Keep in mind that this is a rough estimate, and your salary will depend on your experience and education level.