Average Accounting Technician Salary in Saint Lucia for 2024

In this article, we will look at the average Accounting Technician salary for 2024 in Saint Lucia 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 Eastern Caribbean dollar. To keep things simple, we are using the XCD currency code instead of the currency symbol $.

How Much Does an Accounting Technician Make in Saint Lucia?

An Accounting Technician working in Saint Lucia will typically earn around 17,620 XCD per year, and this can range from the lowest average salary of about 9,020 XCD to the highest average salary of 23,360 XCD.

Average Annual Salary
17,620 XCD
Average Monthly Salary
1,468 XCD

Lowest Annual Salary
9,020 XCD
Lowest Monthly Salary
751 XCD

Highest Annual Salary
23,360 XCD
Highest Monthly Salary
1,946 XCD

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

Accounting Technician 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 Technician Salaries in Saint Lucia

So we've looked at the average salaries an Accounting Technician will earn in Saint Lucia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Accounting Technician can earn between 9,020 XCD and 23,360 XCD on average in Saint Lucia. 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 Technician in Saint Lucia is 17,100 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 17,100 XCD, and 50% of the population earn more than 17,100 XCD.

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 Technician salary in Saint Lucia, 25% of the population are earning less than 10,220 XCD while 75% of the population earn more than 10,220 XCD.

75% of the population earn less than 18,940 XCD, and 25% of the population earn more than 18,940 XCD.

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 Technician Salary by Experience Level in Saint Lucia

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 technician 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 Technician in Saint Lucia that has less than two years of experience can expect to earn somewhere in the region of 8,100 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Accounting Technician salary would increase to 11,360 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accounting Technician, the average salary would be 15,300 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 21,100 XCD.
  • 15 - 20 Years Experience. An Accounting Technician with 15 to 20 years of experience can earn an average of 23,400 XCD.
  • 20+ Years Experience. For an Accounting Technician with more than 20 years, the expected average salary increases to 23,500 XCD.

Average Salary by Experience Chart

0-2 Years
8,100 XCD
2-5 Years +34%
11,360 XCD
5-10 Years +30%
15,300 XCD
10-15 Years +21%
21,100 XCD
15-20 Years +9%
23,400 XCD
20+ Years +5%
23,500 XCD

Accounting Technician Salary by Education Level in Saint Lucia

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 Technician in Saint Lucia 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 Technician in Saint Lucia with a high school education can earn an average salary of 10,000 XCD.

  • Certificate or Diploma. An Accounting Technician in Saint Lucia with a certificate or diploma education can earn an average salary of 17,540 XCD.

  • Bachelor's Degree. An Accounting Technician in Saint Lucia with a bachelor's degree education can earn an average salary of 21,980 XCD.

Average Salary by Education Chart

High School
10,000 XCD
Certificate or Diploma +43%
17,540 XCD
Bachelor's Degree +38%
21,980 XCD

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 Saint Lucia is around 14,100 to 42,300 XCD 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 Technician 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 Saint Lucia, a male accounting technician will earn an average of 15,700 XCD, while a female accounting technician will earn around 17,100 XCD.

This means that a male accounting technician earns approximately 8% less than a female accounting technician for performing the same job.

Average Salary by Gender Chart in Saint Lucia

Male
15,700 XCD
Female +8%
17,100 XCD

Accounting Technician Average Pay Raise in Saint Lucia

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 Technician in Saint Lucia is around 7% every 27 months.

The national average pay raise across all professions and industries in Saint Lucia is around 5% every 28 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 = ( 7 ÷ 27 ) × 12  = 3%

What this means is that an Accounting Technician in Saint Lucia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Saint Lucia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Accounting Technician Bonus and Incentive Rates in Saint Lucia

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 Technician is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 1% to 3%.

Received Bonus
9%
No Bonus
91%

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 Saint Lucia earn approximately 15% more than private sector employees in the same role.

Public Sector
36,700 XCD
Private Sector -15%
31,940 XCD

Salaries for Jobs Similar to an Accounting Technician

In the table below, we have salary information for jobs that are similar to an Accounting Technician in Saint Lucia.

Job Title Category Salary
Account Examiner Accounting and Finance 17,860 XCD
Account Executive Accounting and Finance 26,860 XCD
Accountant Accounting and Finance 20,460 XCD
Accounting Analyst Accounting and Finance 27,480 XCD
Accounting Assistant Accounting and Finance 16,720 XCD
Accounting Associate Accounting and Finance 17,560 XCD
Accounting Clerk Accounting and Finance 12,620 XCD
Accounting Coordinator Accounting and Finance 21,640 XCD
Accounting Head Accounting and Finance 46,840 XCD
Accounting Manager Accounting and Finance 49,200 XCD
Accounting Officer Accounting and Finance 15,700 XCD
Accounting Specialist Accounting and Finance 32,620 XCD
Accounting Supervisor Accounting and Finance 31,180 XCD
Accounting Unit Controller Accounting and Finance 40,560 XCD
Accounts Executive Accounting and Finance 29,540 XCD
Accounts Officer Accounting and Finance 18,780 XCD
Accounts Payable and Receivable Specialist Accounting and Finance 25,220 XCD
Accounts Payable Assistant Accounting and Finance 20,120 XCD
Accounts Payable Associate Accounting and Finance 21,560 XCD
Accounts Payable Clerk Accounting and Finance 15,700 XCD
Accounts Payable Manager Accounting and Finance 43,760 XCD
Accounts Receivable Administrator Accounting and Finance 31,520 XCD
Accounts Receivable Clerk Accounting and Finance 15,300 XCD
Accounts Receivable Financial Analyst Accounting and Finance 34,080 XCD
Accounts Receivable Manager Accounting and Finance 44,800 XCD
Accounts Receivable Team Leader Accounting and Finance 31,520 XCD
Assistant Accountant Accounting and Finance 15,920 XCD
Assistant Accounting Manager Accounting and Finance 43,480 XCD
Assistant Auditor Accounting and Finance 23,500 XCD
Assistant Corporate Controller Accounting and Finance 31,040 XCD
Assistant Finance Manager Accounting and Finance 48,820 XCD
Assistant Financial Controller Accounting and Finance 30,700 XCD
Audit Director Accounting and Finance 51,120 XCD
Audit Supervisor Accounting and Finance 42,320 XCD
Auditing Clerk Accounting and Finance 18,780 XCD
Auditing Manager Accounting and Finance 48,560 XCD
Billing Clerk Accounting and Finance 18,780 XCD
Billing Coordinator Accounting and Finance 19,380 XCD
Billing Specialist Accounting and Finance 24,280 XCD
Billing Supervisor Accounting and Finance 33,520 XCD
Bookkeeper Accounting and Finance 14,920 XCD
Bookkeeping Specialist Accounting and Finance 23,400 XCD
Budget Analyst Accounting and Finance 41,180 XCD
Budget Manager Accounting and Finance 48,920 XCD
Business Support Analyst Accounting and Finance 27,300 XCD
Capital Markets Associate Accounting and Finance 31,520 XCD
Cash Flow Analyst Accounting and Finance 36,940 XCD
Cash Management Manager Accounting and Finance 46,840 XCD
Cash Management Officer Accounting and Finance 24,200 XCD
Cashbook Clerk Accounting and Finance 14,540 XCD
Chartered Accountant Accounting and Finance 26,400 XCD
Chief Accountant Accounting and Finance 36,940 XCD
Collections Clerk Accounting and Finance 12,000 XCD
Collections Representative Accounting and Finance 19,860 XCD
Collections Specialist Accounting and Finance 24,840 XCD
Corporate Controller Accounting and Finance 37,620 XCD
Corporate Treasurer Accounting and Finance 44,800 XCD
Cost Accountant Accounting and Finance 23,500 XCD
Cost Accounting Manager Accounting and Finance 45,560 XCD
Cost Accounting Supervisor Accounting and Finance 34,380 XCD
Cost Analyst Accounting and Finance 35,520 XCD
Credit and Collection Manager Accounting and Finance 45,260 XCD
Credit and Collection Staff Accounting and Finance 18,780 XCD
Credit and Loans Officer Accounting and Finance 17,560 XCD
Credit Controller Accounting and Finance 32,900 XCD
Credit Manager Accounting and Finance 48,640 XCD
Debt Adviser Accounting and Finance 37,740 XCD
Debt Collector Accounting and Finance 18,900 XCD
Debtors Clerk Accounting and Finance 15,760 XCD
Debtors Controller Accounting and Finance 15,700 XCD
Deputy CFO Accounting and Finance 62,460 XCD
Deputy Head of Finance Accounting and Finance 60,020 XCD
Derivative Trader Accounting and Finance 38,700 XCD
Director of Finance Accounting and Finance 66,120 XCD
Economist Accounting and Finance 53,600 XCD
Equity Analyst Accounting and Finance 42,040 XCD
Escrow Assistant Accounting and Finance 20,940 XCD
Executive Accountant Accounting and Finance 26,080 XCD
External Auditor Accounting and Finance 31,520 XCD
Finance Administrator Accounting and Finance 24,860 XCD
Finance Analyst Accounting and Finance 43,480 XCD
Finance Associate Accounting and Finance 19,060 XCD
Finance Director Accounting and Finance 70,940 XCD
Finance Executive Accounting and Finance 49,300 XCD
Finance Licensing Clerk Accounting and Finance 16,400 XCD
Finance Licensing Manager Accounting and Finance 42,040 XCD
Finance Licensing Specialist Accounting and Finance 27,040 XCD
Finance Manager Accounting and Finance 64,180 XCD
Finance Officer Accounting and Finance 21,020 XCD
Finance President Accounting and Finance 65,080 XCD
Finance Relationship Manager Accounting and Finance 50,340 XCD
Finance Release Analyst Accounting and Finance 27,020 XCD
Finance Specialist Accounting and Finance 37,380 XCD
Finance Team Leader Accounting and Finance 53,660 XCD
Financial Accountant Accounting and Finance 23,500 XCD
Financial Actuary Accounting and Finance 35,000 XCD
Financial Administrator Accounting and Finance 36,720 XCD
Financial Advisor Accounting and Finance 41,660 XCD
Financial Analyst Accounting and Finance 44,800 XCD
Financial Applications Specialist Accounting and Finance 27,020 XCD
Financial Assistant Accounting and Finance 17,760 XCD
Financial Associate Accounting and Finance 16,980 XCD
Financial Associate Accounting and Finance 21,400 XCD
Financial Claims Analyst Accounting and Finance 30,800 XCD
Financial Claims Manager Accounting and Finance 43,360 XCD
Financial Claims Supervisor Accounting and Finance 40,140 XCD
Financial Clerk Accounting and Finance 15,920 XCD
Financial Commercial Analyst Accounting and Finance 31,520 XCD
Financial Compliance Analyst Accounting and Finance 36,020 XCD
Financial Consultant Accounting and Finance 31,540 XCD
Financial Controller Accounting and Finance 34,280 XCD
Financial Controller Accounting and Finance 35,340 XCD
Financial Coordinator Accounting and Finance 23,520 XCD
Financial Customer Service Manager Accounting and Finance 42,320 XCD
Financial Dealer and Broker Accounting and Finance 23,660 XCD
Financial Director Accounting and Finance 68,320 XCD
Financial Encoder Accounting and Finance 20,520 XCD
Financial Manager Accounting and Finance 60,880 XCD
Financial Manager Accounting and Finance 67,020 XCD
Financial Operations Manager Accounting and Finance 55,580 XCD
Financial Policy Analyst Accounting and Finance 33,520 XCD
Financial Project Manager Accounting and Finance 47,540 XCD
Financial Quantitative Analyst Accounting and Finance 39,960 XCD
Financial Reporting Consultant Accounting and Finance 34,240 XCD
Financial Reporting Manager Accounting and Finance 43,360 XCD
Financial Section Head Accounting and Finance 46,400 XCD
Financial Services Manager Accounting and Finance 61,460 XCD
Financial Services Sales Agent Accounting and Finance 25,220 XCD
Fixed Assets Administrator Accounting and Finance 22,420 XCD
Forensic Accountant Accounting and Finance 24,860 XCD
Fraud Detection Supervisor Accounting and Finance 28,660 XCD
Fraud Prevention Manager Accounting and Finance 43,800 XCD
Fund Accountant Accounting and Finance 21,400 XCD
Grants Coordinator Accounting and Finance 16,140 XCD
Group Financial Manager Accounting and Finance 67,900 XCD
Internal Auditor Accounting and Finance 31,080 XCD
Internal Control Adviser Accounting and Finance 35,340 XCD
Internal Control Officer Accounting and Finance 18,940 XCD
International Tax Director Accounting and Finance 54,560 XCD
Inventory Accountant Accounting and Finance 22,420 XCD
Investment Advisor Accounting and Finance 64,560 XCD
Investment Analyst Accounting and Finance 48,340 XCD
Investment Associate Accounting and Finance 37,880 XCD
Investment Broker Accounting and Finance 39,080 XCD
Investment Fund Manager Accounting and Finance 53,120 XCD
Investment Operations Manager Accounting and Finance 50,980 XCD
Investment Underwriter Accounting and Finance 19,020 XCD
Investor Accounting and Finance 27,480 XCD
Investor Relations Manager Accounting and Finance 43,520 XCD
KYC Team Leader Accounting and Finance 43,340 XCD
Loan Processor Accounting and Finance 16,980 XCD
Management Accountant Accounting and Finance 25,680 XCD
Management Economist Accounting and Finance 50,980 XCD
Paymaster Accounting and Finance 19,640 XCD
Payroll Administrator Accounting and Finance 31,380 XCD
Payroll Benefits Coordinator Accounting and Finance 25,160 XCD
Payroll Billing Manager Accounting and Finance 44,300 XCD
Payroll Clerk Accounting and Finance 19,380 XCD
Payroll Manager Accounting and Finance 41,560 XCD
Payroll Officer Accounting and Finance 21,540 XCD
Payroll Specialist Accounting and Finance 24,820 XCD
Payroll Supervisor Accounting and Finance 27,480 XCD
Pensions Administrator Accounting and Finance 22,660 XCD
Personal Financial Advisor Accounting and Finance 37,200 XCD
Pricing Analyst Accounting and Finance 36,020 XCD
Private Equity Analyst Accounting and Finance 40,420 XCD
Project Accountant Accounting and Finance 24,820 XCD
Proposal Development Coordinator Accounting and Finance 18,940 XCD
Receivables Accountant Accounting and Finance 19,060 XCD
Regulatory Accountant Accounting and Finance 25,160 XCD
Retirement Plan Analyst Accounting and Finance 37,620 XCD
Revenue Management Specialist Accounting and Finance 38,260 XCD
Revenue Recognition Analyst Accounting and Finance 41,820 XCD
Risk Management Director Accounting and Finance 55,840 XCD
Risk Management Supervisor Accounting and Finance 43,760 XCD
Staff Accountant Accounting and Finance 22,540 XCD
Tax Accountant Accounting and Finance 21,640 XCD
Tax Administrator Accounting and Finance 23,260 XCD
Tax Advisor Accounting and Finance 34,540 XCD
Tax Analyst Accounting and Finance 34,160 XCD
Tax Associate Accounting and Finance 20,120 XCD
Tax Consultant Accounting and Finance 36,700 XCD
Tax Director Accounting and Finance 55,220 XCD
Tax Examiner Accounting and Finance 26,020 XCD
Tax Manager Accounting and Finance 47,180 XCD
Tax Research Manager Accounting and Finance 43,760 XCD
Teller Accounting and Finance 11,360 XCD
Treasury Accountant Accounting and Finance 22,400 XCD
Treasury Analyst Accounting and Finance 38,140 XCD
Underwriter Accounting and Finance 17,100 XCD
Underwriting Assistant Accounting and Finance 14,200 XCD
Vice President of Finance Accounting and Finance 61,780 XCD

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Accounting Technician Salary in Saint Lucia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-accounting-technician-salary-in-saint-lucia/.

  • "Average Accounting Technician Salary in Saint Lucia for 2024". World Salaries, https://worldsalaries.com/average-accounting-technician-salary-in-saint-lucia/. Accessed 28 March, 2024

  • Average Accounting Technician Salary in Saint Lucia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-accounting-technician-salary-in-saint-lucia/.