Average Accounting Analyst Salary in Sri Lanka for 2024

In this article, we will look at the average Accounting Analyst salary for 2024 in Sri Lanka and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Sri Lankan rupee. To keep things simple, we are using the LKR currency code instead of the currency symbol Rs රු.

How Much Does an Accounting Analyst Make in Sri Lanka?

An Accounting Analyst working in Sri Lanka will typically earn around 953,200 LKR per year, and this can range from the lowest average salary of about 466,900 LKR to the highest average salary of 1,487,200 LKR.

Average Annual Salary
953,200 LKR
Average Monthly Salary
79,433 LKR

Lowest Annual Salary
466,900 LKR
Lowest Monthly Salary
38,908 LKR

Highest Annual Salary
1,487,200 LKR
Highest Monthly Salary
123,933 LKR

These are average salaries for an Accounting Analyst in Sri Lanka and include benefits such as housing and transport. It's also possible for an Accounting Analyst to earn more or less than the average salaries shown above.

Accounting Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Accounting Analyst Salaries in Sri Lanka

So we've looked at the average salaries an Accounting Analyst will earn in Sri Lanka. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Accounting Analyst can earn between 466,900 LKR and 1,487,200 LKR on average in Sri Lanka. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Accounting Analyst in Sri Lanka is 971,200 LKR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 971,200 LKR, and 50% of the population earn more than 971,200 LKR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Accounting Analyst salary in Sri Lanka, 25% of the population are earning less than 646,600 LKR while 75% of the population earn more than 646,600 LKR.

75% of the population earn less than 1,249,900 LKR, and 25% of the population earn more than 1,249,900 LKR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Accounting Analyst Salary by Experience Level in Sri Lanka

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average accounting analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Accounting Analyst in Sri Lanka that has less than two years of experience can expect to earn somewhere in the region of 553,800 LKR.
  • 2 - 5 Years Experience. With two to five years of experience the average Accounting Analyst salary would increase to 712,100 LKR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accounting Analyst, the average salary would be 983,100 LKR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,212,800 LKR.
  • 15 - 20 Years Experience. An Accounting Analyst with 15 to 20 years of experience can earn an average of 1,306,100 LKR.
  • 20+ Years Experience. For an Accounting Analyst with more than 20 years, the expected average salary increases to 1,391,600 LKR.

Average Salary by Experience Chart

0-2 Years
553,800 LKR
2-5 Years +29%
712,100 LKR
5-10 Years +38%
983,100 LKR
10-15 Years +24%
1,212,800 LKR
15-20 Years +7%
1,306,100 LKR
20+ Years +7%
1,391,600 LKR

Accounting Analyst Salary by Education Level in Sri Lanka

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Accounting Analyst in Sri Lanka based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Accounting Analyst in Sri Lanka with a high school education can earn an average salary of 692,500 LKR.

  • Certificate or Diploma. An Accounting Analyst in Sri Lanka with a certificate or diploma education can earn an average salary of 791,600 LKR.

  • Bachelor's Degree. An Accounting Analyst in Sri Lanka with a bachelor's degree education can earn an average salary of 1,069,900 LKR.

  • Master's Degree. An Accounting Analyst in Sri Lanka with a master's degree education can earn an average salary of 1,345,400 LKR.

Average Salary by Education Chart

High School
692,500 LKR
Certificate or Diploma +15%
791,600 LKR
Bachelor's Degree +35%
1,069,900 LKR
Master's Degree +26%
1,345,400 LKR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Sri Lanka is around 449,000 to 1,350,000 LKR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Accounting Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Sri Lanka, a male accounting analyst will earn an average of 990,700 LKR, while a female accounting analyst will earn around 899,100 LKR.

This means that a male accounting analyst earns approximately 10% more than a female accounting analyst for performing the same job.

Average Salary by Gender Chart in Sri Lanka

Male
990,700 LKR
Female -10%
899,100 LKR

Accounting Analyst Average Pay Raise in Sri Lanka

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Accounting Analyst in Sri Lanka is around 12% every 17 months.

The national average pay raise across all professions and industries in Sri Lanka is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 17 ) × 12  = 8%

What this means is that an Accounting Analyst in Sri Lanka can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Sri Lanka for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Sri Lanka.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Accounting Analyst Bonus and Incentive Rates in Sri Lanka

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Accounting Analyst is a moderate bonus based job, with 54% of employees reporting at least one bonus in the last 12 months.

46% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
54%
No Bonus
46%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Sri Lanka earn approximately 8% more than private sector employees in the same role.

Public Sector
1,109,200 LKR
Private Sector -8%
1,031,200 LKR

Salaries for Jobs Similar to an Accounting Analyst

In the table below, we have salary information for jobs that are similar to an Accounting Analyst in Sri Lanka.

Job Title Category Salary
Account Examiner Accounting and Finance 575,100 LKR
Account Executive Accounting and Finance 1,025,100 LKR
Accountant Accounting and Finance 803,400 LKR
Accounting Assistant Accounting and Finance 631,200 LKR
Accounting Associate Accounting and Finance 543,200 LKR
Accounting Clerk Accounting and Finance 478,000 LKR
Accounting Coordinator Accounting and Finance 691,200 LKR
Accounting Head Accounting and Finance 1,621,400 LKR
Accounting Manager Accounting and Finance 1,606,100 LKR
Accounting Officer Accounting and Finance 576,500 LKR
Accounting Specialist Accounting and Finance 1,057,700 LKR
Accounting Supervisor Accounting and Finance 1,048,100 LKR
Accounting Technician Accounting and Finance 573,500 LKR
Accounting Unit Controller Accounting and Finance 1,306,100 LKR
Accounts Executive Accounting and Finance 983,100 LKR
Accounts Officer Accounting and Finance 615,700 LKR
Accounts Payable and Receivable Specialist Accounting and Finance 832,100 LKR
Accounts Payable Assistant Accounting and Finance 643,800 LKR
Accounts Payable Associate Accounting and Finance 693,100 LKR
Accounts Payable Clerk Accounting and Finance 563,000 LKR
Accounts Payable Manager Accounting and Finance 1,500,800 LKR
Accounts Receivable Administrator Accounting and Finance 1,120,700 LKR
Accounts Receivable Clerk Accounting and Finance 566,900 LKR
Accounts Receivable Financial Analyst Accounting and Finance 1,065,800 LKR
Accounts Receivable Manager Accounting and Finance 1,487,200 LKR
Accounts Receivable Team Leader Accounting and Finance 1,120,700 LKR
Assistant Accountant Accounting and Finance 581,000 LKR
Assistant Accounting Manager Accounting and Finance 1,500,800 LKR
Assistant Auditor Accounting and Finance 773,400 LKR
Assistant Corporate Controller Accounting and Finance 1,104,400 LKR
Assistant Finance Manager Accounting and Finance 1,716,600 LKR
Assistant Financial Controller Accounting and Finance 1,099,800 LKR
Audit Director Accounting and Finance 1,788,300 LKR
Audit Supervisor Accounting and Finance 1,428,800 LKR
Auditing Clerk Accounting and Finance 615,700 LKR
Auditing Manager Accounting and Finance 1,655,500 LKR
Billing Clerk Accounting and Finance 583,000 LKR
Billing Coordinator Accounting and Finance 701,400 LKR
Billing Specialist Accounting and Finance 838,100 LKR
Billing Supervisor Accounting and Finance 1,235,600 LKR
Bookkeeper Accounting and Finance 531,700 LKR
Bookkeeping Specialist Accounting and Finance 780,600 LKR
Budget Analyst Accounting and Finance 1,391,600 LKR
Budget Manager Accounting and Finance 1,678,300 LKR
Business Support Analyst Accounting and Finance 874,500 LKR
Capital Markets Associate Accounting and Finance 1,191,100 LKR
Cash Flow Analyst Accounting and Finance 1,235,600 LKR
Cash Management Manager Accounting and Finance 1,621,400 LKR
Cash Management Officer Accounting and Finance 946,800 LKR
Cashbook Clerk Accounting and Finance 533,000 LKR
Chartered Accountant Accounting and Finance 1,054,900 LKR
Chief Accountant Accounting and Finance 1,182,400 LKR
Collections Clerk Accounting and Finance 496,100 LKR
Collections Representative Accounting and Finance 701,400 LKR
Collections Specialist Accounting and Finance 778,900 LKR
Corporate Controller Accounting and Finance 1,249,900 LKR
Corporate Treasurer Accounting and Finance 1,464,200 LKR
Cost Accountant Accounting and Finance 807,900 LKR
Cost Accounting Manager Accounting and Finance 1,524,300 LKR
Cost Accounting Supervisor Accounting and Finance 1,235,600 LKR
Cost Analyst Accounting and Finance 1,224,800 LKR
Credit and Collection Manager Accounting and Finance 1,632,100 LKR
Credit and Collection Staff Accounting and Finance 583,000 LKR
Credit and Loans Officer Accounting and Finance 558,300 LKR
Credit Controller Accounting and Finance 1,094,000 LKR
Credit Manager Accounting and Finance 1,621,400 LKR
Debt Adviser Accounting and Finance 1,273,300 LKR
Debt Collector Accounting and Finance 623,700 LKR
Debtors Clerk Accounting and Finance 539,800 LKR
Debtors Controller Accounting and Finance 576,500 LKR
Deputy CFO Accounting and Finance 2,242,500 LKR
Deputy Head of Finance Accounting and Finance 2,266,400 LKR
Derivative Trader Accounting and Finance 1,306,100 LKR
Director of Finance Accounting and Finance 2,242,500 LKR
Economist Accounting and Finance 1,835,700 LKR
Equity Analyst Accounting and Finance 1,428,800 LKR
Escrow Assistant Accounting and Finance 694,700 LKR
Executive Accountant Accounting and Finance 852,600 LKR
External Auditor Accounting and Finance 1,120,700 LKR
Finance Administrator Accounting and Finance 899,900 LKR
Finance Analyst Accounting and Finance 1,440,700 LKR
Finance Associate Accounting and Finance 674,100 LKR
Finance Director Accounting and Finance 2,290,300 LKR
Finance Executive Accounting and Finance 1,693,600 LKR
Finance Licensing Clerk Accounting and Finance 581,000 LKR
Finance Licensing Manager Accounting and Finance 1,547,500 LKR
Finance Licensing Specialist Accounting and Finance 879,700 LKR
Finance Manager Accounting and Finance 2,184,900 LKR
Finance Officer Accounting and Finance 774,200 LKR
Finance President Accounting and Finance 2,435,600 LKR
Finance Relationship Manager Accounting and Finance 1,788,300 LKR
Finance Release Analyst Accounting and Finance 927,000 LKR
Finance Specialist Accounting and Finance 1,296,900 LKR
Finance Team Leader Accounting and Finance 1,728,900 LKR
Financial Accountant Accounting and Finance 773,400 LKR
Financial Actuary Accounting and Finance 1,212,800 LKR
Financial Administrator Accounting and Finance 1,357,900 LKR
Financial Advisor Accounting and Finance 1,428,800 LKR
Financial Analyst Accounting and Finance 1,428,800 LKR
Financial Applications Specialist Accounting and Finance 976,300 LKR
Financial Assistant Accounting and Finance 631,200 LKR
Financial Associate Accounting and Finance 663,200 LKR
Financial Associate Accounting and Finance 754,900 LKR
Financial Claims Analyst Accounting and Finance 1,012,100 LKR
Financial Claims Manager Accounting and Finance 1,345,400 LKR
Financial Claims Supervisor Accounting and Finance 1,259,300 LKR
Financial Clerk Accounting and Finance 628,000 LKR
Financial Commercial Analyst Accounting and Finance 1,191,100 LKR
Financial Compliance Analyst Accounting and Finance 1,259,300 LKR
Financial Consultant Accounting and Finance 1,108,500 LKR
Financial Controller Accounting and Finance 1,249,900 LKR
Financial Controller Accounting and Finance 1,320,500 LKR
Financial Coordinator Accounting and Finance 693,100 LKR
Financial Customer Service Manager Accounting and Finance 1,428,800 LKR
Financial Dealer and Broker Accounting and Finance 854,300 LKR
Financial Director Accounting and Finance 2,401,300 LKR
Financial Encoder Accounting and Finance 659,200 LKR
Financial Manager Accounting and Finance 2,110,600 LKR
Financial Manager Accounting and Finance 2,173,000 LKR
Financial Operations Manager Accounting and Finance 2,065,400 LKR
Financial Policy Analyst Accounting and Finance 1,283,600 LKR
Financial Project Manager Accounting and Finance 1,583,700 LKR
Financial Quantitative Analyst Accounting and Finance 1,417,600 LKR
Financial Reporting Consultant Accounting and Finance 1,099,800 LKR
Financial Reporting Manager Accounting and Finance 1,583,700 LKR
Financial Section Head Accounting and Finance 1,524,300 LKR
Financial Services Manager Accounting and Finance 1,980,600 LKR
Financial Services Sales Agent Accounting and Finance 832,100 LKR
Fixed Assets Administrator Accounting and Finance 840,100 LKR
Forensic Accountant Accounting and Finance 899,900 LKR
Fraud Detection Supervisor Accounting and Finance 964,000 LKR
Fraud Prevention Manager Accounting and Finance 1,606,100 LKR
Fund Accountant Accounting and Finance 754,900 LKR
Grants Coordinator Accounting and Finance 559,000 LKR
Group Financial Manager Accounting and Finance 2,230,100 LKR
Internal Auditor Accounting and Finance 1,074,600 LKR
Internal Control Adviser Accounting and Finance 1,235,600 LKR
Internal Control Officer Accounting and Finance 683,800 LKR
International Tax Director Accounting and Finance 1,930,500 LKR
Inventory Accountant Accounting and Finance 840,100 LKR
Investment Advisor Accounting and Finance 2,124,400 LKR
Investment Analyst Accounting and Finance 1,570,900 LKR
Investment Associate Accounting and Finance 1,333,900 LKR
Investment Broker Accounting and Finance 1,345,400 LKR
Investment Fund Manager Accounting and Finance 1,777,700 LKR
Investment Operations Manager Accounting and Finance 1,788,300 LKR
Investment Underwriter Accounting and Finance 681,500 LKR
Investor Accounting and Finance 1,069,800 LKR
Investor Relations Manager Accounting and Finance 1,510,400 LKR
KYC Team Leader Accounting and Finance 1,594,500 LKR
Loan Processor Accounting and Finance 637,500 LKR
Management Accountant Accounting and Finance 918,500 LKR
Management Economist Accounting and Finance 1,751,700 LKR
Paymaster Accounting and Finance 664,500 LKR
Payroll Administrator Accounting and Finance 1,074,600 LKR
Payroll Benefits Coordinator Accounting and Finance 832,300 LKR
Payroll Billing Manager Accounting and Finance 1,380,400 LKR
Payroll Clerk Accounting and Finance 714,600 LKR
Payroll Manager Accounting and Finance 1,500,800 LKR
Payroll Officer Accounting and Finance 663,200 LKR
Payroll Specialist Accounting and Finance 794,900 LKR
Payroll Supervisor Accounting and Finance 1,048,100 LKR
Pensions Administrator Accounting and Finance 798,900 LKR
Personal Financial Advisor Accounting and Finance 1,148,200 LKR
Pricing Analyst Accounting and Finance 1,357,900 LKR
Private Equity Analyst Accounting and Finance 1,428,800 LKR
Project Accountant Accounting and Finance 878,900 LKR
Proposal Development Coordinator Accounting and Finance 672,600 LKR
Receivables Accountant Accounting and Finance 744,700 LKR
Regulatory Accountant Accounting and Finance 864,700 LKR
Retirement Plan Analyst Accounting and Finance 1,249,900 LKR
Revenue Management Specialist Accounting and Finance 1,306,100 LKR
Revenue Recognition Analyst Accounting and Finance 1,440,700 LKR
Risk Management Director Accounting and Finance 1,825,000 LKR
Risk Management Supervisor Accounting and Finance 1,500,800 LKR
Staff Accountant Accounting and Finance 759,300 LKR
Tax Accountant Accounting and Finance 759,300 LKR
Tax Administrator Accounting and Finance 894,500 LKR
Tax Advisor Accounting and Finance 1,259,300 LKR
Tax Analyst Accounting and Finance 1,148,200 LKR
Tax Associate Accounting and Finance 687,100 LKR
Tax Consultant Accounting and Finance 1,198,300 LKR
Tax Director Accounting and Finance 1,751,700 LKR
Tax Examiner Accounting and Finance 868,400 LKR
Tax Manager Accounting and Finance 1,560,800 LKR
Tax Research Manager Accounting and Finance 1,560,800 LKR
Teller Accounting and Finance 459,700 LKR
Treasury Accountant Accounting and Finance 824,800 LKR
Treasury Analyst Accounting and Finance 1,273,300 LKR
Underwriter Accounting and Finance 535,900 LKR
Underwriting Assistant Accounting and Finance 507,300 LKR
Vice President of Finance Accounting and Finance 2,146,100 LKR

Salary Comparison by City

If you want to compare salaries with different cities in Sri Lanka, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Colombo 1,057,700 LKR

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