Average Accounts Payable Associate Salary in Peru for 2024

In this article, we will look at the average Accounts Payable Associate salary for 2024 in Peru 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 Peruvian sol. To keep things simple, we are using the PEN currency code instead of the currency symbol S/ .

How Much Does an Accounts Payable Associate Make in Peru?

An Accounts Payable Associate working in Peru will typically earn around 57,440 PEN per year, and this can range from the lowest average salary of about 27,020 PEN to the highest average salary of 93,140 PEN.

Average Annual Salary
57,440 PEN
Average Monthly Salary
4,786 PEN

Lowest Annual Salary
27,020 PEN
Lowest Monthly Salary
2,251 PEN

Highest Annual Salary
93,140 PEN
Highest Monthly Salary
7,761 PEN

These are average salaries for an Accounts Payable Associate in Peru and include benefits such as housing and transport. It's also possible for an Accounts Payable Associate to earn more or less than the average salaries shown above.

Accounts Payable Associate 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 Accounts Payable Associate Salaries in Peru

So we've looked at the average salaries an Accounts Payable Associate will earn in Peru. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Accounts Payable Associate can earn between 27,020 PEN and 93,140 PEN on average in Peru. 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 Accounts Payable Associate in Peru is 58,440 PEN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 58,440 PEN, and 50% of the population earn more than 58,440 PEN.

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 Accounts Payable Associate salary in Peru, 25% of the population are earning less than 41,980 PEN while 75% of the population earn more than 41,980 PEN.

75% of the population earn less than 76,440 PEN, and 25% of the population earn more than 76,440 PEN.

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.

Accounts Payable Associate Salary by Experience Level in Peru

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 accounts payable associate 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 Accounts Payable Associate in Peru that has less than two years of experience can expect to earn somewhere in the region of 33,520 PEN.
  • 2 - 5 Years Experience. With two to five years of experience the average Accounts Payable Associate salary would increase to 43,340 PEN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accounts Payable Associate, the average salary would be 60,340 PEN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 77,060 PEN.
  • 15 - 20 Years Experience. An Accounts Payable Associate with 15 to 20 years of experience can earn an average of 80,060 PEN.
  • 20+ Years Experience. For an Accounts Payable Associate with more than 20 years, the expected average salary increases to 85,440 PEN.

Average Salary by Experience Chart

0-2 Years
33,520 PEN
2-5 Years +29%
43,340 PEN
5-10 Years +38%
60,340 PEN
10-15 Years +24%
77,060 PEN
15-20 Years +7%
80,060 PEN
20+ Years +7%
85,440 PEN

Accounts Payable Associate Salary by Education Level in Peru

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 Accounts Payable Associate in Peru 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 Accounts Payable Associate in Peru with a high school education can earn an average salary of 43,340 PEN.

  • Certificate or Diploma. An Accounts Payable Associate in Peru with a certificate or diploma education can earn an average salary of 50,580 PEN.

  • Bachelor's Degree. An Accounts Payable Associate in Peru with a bachelor's degree education can earn an average salary of 66,440 PEN.

  • Master's Degree. An Accounts Payable Associate in Peru with a master's degree education can earn an average salary of 84,780 PEN.

Average Salary by Education Chart

High School
43,340 PEN
Certificate or Diploma +15%
50,580 PEN
Bachelor's Degree +35%
66,440 PEN
Master's Degree +26%
84,780 PEN

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 Peru is around 37,700 to 113,000 PEN 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.

Accounts Payable Associate 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 Peru, a male accounts payable associate will earn an average of 60,160 PEN, while a female accounts payable associate will earn around 58,200 PEN.

This means that a male accounts payable associate earns approximately 3% more than a female accounts payable associate for performing the same job.

Average Salary by Gender Chart in Peru

Male
60,160 PEN
Female -3%
58,200 PEN

Accounts Payable Associate Average Pay Raise in Peru

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 Accounts Payable Associate in Peru is around 12% every 16 months.

The national average pay raise across all professions and industries in Peru 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 ÷ 16 ) × 12  = 9%

What this means is that an Accounts Payable Associate in Peru can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Peru for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Accounts Payable Associate Bonus and Incentive Rates in Peru

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 Accounts Payable Associate is a moderate bonus based job, with 53% of employees reporting at least one bonus in the last 12 months.

47% 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
53%
No Bonus
47%

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 Peru earn approximately 10% more than private sector employees in the same role.

Public Sector
93,880 PEN
Private Sector -10%
85,700 PEN

Salaries for Jobs Similar to an Accounts Payable Associate

In the table below, we have salary information for jobs that are similar to an Accounts Payable Associate in Peru.

Job Title Category Salary
Account Examiner Accounting and Finance 45,620 PEN
Account Executive Accounting and Finance 82,920 PEN
Accountant Accounting and Finance 60,920 PEN
Accounting Analyst Accounting and Finance 80,580 PEN
Accounting Assistant Accounting and Finance 47,760 PEN
Accounting Associate Accounting and Finance 45,060 PEN
Accounting Clerk Accounting and Finance 37,380 PEN
Accounting Coordinator Accounting and Finance 55,940 PEN
Accounting Head Accounting and Finance 128,900 PEN
Accounting Manager Accounting and Finance 136,100 PEN
Accounting Officer Accounting and Finance 46,980 PEN
Accounting Specialist Accounting and Finance 83,400 PEN
Accounting Supervisor Accounting and Finance 86,740 PEN
Accounting Technician Accounting and Finance 42,040 PEN
Accounting Unit Controller Accounting and Finance 104,060 PEN
Accounts Executive Accounting and Finance 80,060 PEN
Accounts Officer Accounting and Finance 48,340 PEN
Accounts Payable and Receivable Specialist Accounting and Finance 58,440 PEN
Accounts Payable Assistant Accounting and Finance 46,040 PEN
Accounts Payable Clerk Accounting and Finance 45,620 PEN
Accounts Payable Manager Accounting and Finance 115,940 PEN
Accounts Receivable Administrator Accounting and Finance 88,480 PEN
Accounts Receivable Clerk Accounting and Finance 46,040 PEN
Accounts Receivable Financial Analyst Accounting and Finance 84,040 PEN
Accounts Receivable Manager Accounting and Finance 119,900 PEN
Accounts Receivable Team Leader Accounting and Finance 93,340 PEN
Assistant Accountant Accounting and Finance 43,800 PEN
Assistant Accounting Manager Accounting and Finance 113,560 PEN
Assistant Auditor Accounting and Finance 64,040 PEN
Assistant Corporate Controller Accounting and Finance 83,400 PEN
Assistant Finance Manager Accounting and Finance 125,100 PEN
Assistant Financial Controller Accounting and Finance 87,020 PEN
Audit Director Accounting and Finance 138,200 PEN
Audit Supervisor Accounting and Finance 107,580 PEN
Auditing Clerk Accounting and Finance 48,340 PEN
Auditing Manager Accounting and Finance 134,600 PEN
Billing Clerk Accounting and Finance 47,760 PEN
Billing Coordinator Accounting and Finance 54,180 PEN
Billing Specialist Accounting and Finance 66,840 PEN
Billing Supervisor Accounting and Finance 97,880 PEN
Bookkeeper Accounting and Finance 41,180 PEN
Bookkeeping Specialist Accounting and Finance 57,800 PEN
Budget Analyst Accounting and Finance 102,960 PEN
Budget Manager Accounting and Finance 119,900 PEN
Business Support Analyst Accounting and Finance 72,180 PEN
Capital Markets Associate Accounting and Finance 91,960 PEN
Cash Flow Analyst Accounting and Finance 94,940 PEN
Cash Management Manager Accounting and Finance 119,900 PEN
Cash Management Officer Accounting and Finance 68,900 PEN
Cashbook Clerk Accounting and Finance 42,320 PEN
Chartered Accountant Accounting and Finance 82,200 PEN
Chief Accountant Accounting and Finance 96,160 PEN
Collections Clerk Accounting and Finance 36,020 PEN
Collections Representative Accounting and Finance 55,580 PEN
Collections Specialist Accounting and Finance 61,840 PEN
Corporate Controller Accounting and Finance 97,300 PEN
Corporate Treasurer Accounting and Finance 115,400 PEN
Cost Accountant Accounting and Finance 57,820 PEN
Cost Accounting Manager Accounting and Finance 117,440 PEN
Cost Accounting Supervisor Accounting and Finance 101,920 PEN
Cost Analyst Accounting and Finance 100,140 PEN
Credit and Collection Manager Accounting and Finance 115,940 PEN
Credit and Collection Staff Accounting and Finance 48,560 PEN
Credit and Loans Officer Accounting and Finance 45,600 PEN
Credit Controller Accounting and Finance 82,920 PEN
Credit Manager Accounting and Finance 125,100 PEN
Debt Adviser Accounting and Finance 99,340 PEN
Debt Collector Accounting and Finance 53,600 PEN
Debtors Clerk Accounting and Finance 40,600 PEN
Debtors Controller Accounting and Finance 46,980 PEN
Deputy CFO Accounting and Finance 167,100 PEN
Deputy Head of Finance Accounting and Finance 174,000 PEN
Derivative Trader Accounting and Finance 109,000 PEN
Director of Finance Accounting and Finance 176,800 PEN
Economist Accounting and Finance 148,300 PEN
Equity Analyst Accounting and Finance 107,820 PEN
Escrow Assistant Accounting and Finance 55,820 PEN
Executive Accountant Accounting and Finance 70,940 PEN
External Auditor Accounting and Finance 86,420 PEN
Finance Administrator Accounting and Finance 69,040 PEN
Finance Analyst Accounting and Finance 111,000 PEN
Finance Associate Accounting and Finance 55,580 PEN
Finance Director Accounting and Finance 185,100 PEN
Finance Executive Accounting and Finance 130,400 PEN
Finance Licensing Clerk Accounting and Finance 45,600 PEN
Finance Licensing Manager Accounting and Finance 114,900 PEN
Finance Licensing Specialist Accounting and Finance 70,260 PEN
Finance Manager Accounting and Finance 172,200 PEN
Finance Officer Accounting and Finance 57,900 PEN
Finance President Accounting and Finance 176,800 PEN
Finance Relationship Manager Accounting and Finance 148,300 PEN
Finance Release Analyst Accounting and Finance 70,600 PEN
Finance Specialist Accounting and Finance 98,000 PEN
Finance Team Leader Accounting and Finance 137,400 PEN
Financial Accountant Accounting and Finance 64,040 PEN
Financial Actuary Accounting and Finance 98,820 PEN
Financial Administrator Accounting and Finance 105,800 PEN
Financial Advisor Accounting and Finance 115,380 PEN
Financial Analyst Accounting and Finance 106,960 PEN
Financial Applications Specialist Accounting and Finance 77,620 PEN
Financial Assistant Accounting and Finance 46,040 PEN
Financial Associate Accounting and Finance 53,600 PEN
Financial Associate Accounting and Finance 60,400 PEN
Financial Claims Analyst Accounting and Finance 85,080 PEN
Financial Claims Manager Accounting and Finance 107,320 PEN
Financial Claims Supervisor Accounting and Finance 105,940 PEN
Financial Clerk Accounting and Finance 48,940 PEN
Financial Commercial Analyst Accounting and Finance 92,300 PEN
Financial Compliance Analyst Accounting and Finance 96,980 PEN
Financial Consultant Accounting and Finance 84,880 PEN
Financial Controller Accounting and Finance 96,180 PEN
Financial Controller Accounting and Finance 100,140 PEN
Financial Coordinator Accounting and Finance 59,000 PEN
Financial Customer Service Manager Accounting and Finance 116,380 PEN
Financial Dealer and Broker Accounting and Finance 66,100 PEN
Financial Director Accounting and Finance 172,200 PEN
Financial Encoder Accounting and Finance 53,380 PEN
Financial Manager Accounting and Finance 164,200 PEN
Financial Manager Accounting and Finance 181,600 PEN
Financial Operations Manager Accounting and Finance 159,400 PEN
Financial Policy Analyst Accounting and Finance 96,340 PEN
Financial Project Manager Accounting and Finance 119,900 PEN
Financial Quantitative Analyst Accounting and Finance 109,000 PEN
Financial Reporting Consultant Accounting and Finance 92,300 PEN
Financial Reporting Manager Accounting and Finance 115,400 PEN
Financial Section Head Accounting and Finance 123,400 PEN
Financial Services Manager Accounting and Finance 159,400 PEN
Financial Services Sales Agent Accounting and Finance 65,760 PEN
Fixed Assets Administrator Accounting and Finance 66,580 PEN
Forensic Accountant Accounting and Finance 72,540 PEN
Fraud Detection Supervisor Accounting and Finance 78,160 PEN
Fraud Prevention Manager Accounting and Finance 123,400 PEN
Fund Accountant Accounting and Finance 60,600 PEN
Grants Coordinator Accounting and Finance 42,960 PEN
Group Financial Manager Accounting and Finance 172,200 PEN
Internal Auditor Accounting and Finance 80,840 PEN
Internal Control Adviser Accounting and Finance 95,980 PEN
Internal Control Officer Accounting and Finance 50,540 PEN
International Tax Director Accounting and Finance 143,200 PEN
Inventory Accountant Accounting and Finance 61,840 PEN
Investment Advisor Accounting and Finance 167,100 PEN
Investment Analyst Accounting and Finance 119,700 PEN
Investment Associate Accounting and Finance 109,000 PEN
Investment Broker Accounting and Finance 101,020 PEN
Investment Fund Manager Accounting and Finance 138,200 PEN
Investment Operations Manager Accounting and Finance 142,300 PEN
Investment Underwriter Accounting and Finance 52,540 PEN
Investor Accounting and Finance 79,260 PEN
Investor Relations Manager Accounting and Finance 117,860 PEN
KYC Team Leader Accounting and Finance 119,320 PEN
Loan Processor Accounting and Finance 48,560 PEN
Management Accountant Accounting and Finance 69,060 PEN
Management Economist Accounting and Finance 139,100 PEN
Paymaster Accounting and Finance 50,340 PEN
Payroll Administrator Accounting and Finance 80,540 PEN
Payroll Benefits Coordinator Accounting and Finance 69,060 PEN
Payroll Billing Manager Accounting and Finance 111,240 PEN
Payroll Clerk Accounting and Finance 50,540 PEN
Payroll Manager Accounting and Finance 118,380 PEN
Payroll Officer Accounting and Finance 50,560 PEN
Payroll Specialist Accounting and Finance 66,100 PEN
Payroll Supervisor Accounting and Finance 80,340 PEN
Pensions Administrator Accounting and Finance 62,460 PEN
Personal Financial Advisor Accounting and Finance 92,240 PEN
Pricing Analyst Accounting and Finance 105,940 PEN
Private Equity Analyst Accounting and Finance 104,140 PEN
Project Accountant Accounting and Finance 64,180 PEN
Proposal Development Coordinator Accounting and Finance 52,380 PEN
Receivables Accountant Accounting and Finance 57,080 PEN
Regulatory Accountant Accounting and Finance 66,580 PEN
Retirement Plan Analyst Accounting and Finance 97,300 PEN
Revenue Management Specialist Accounting and Finance 99,340 PEN
Revenue Recognition Analyst Accounting and Finance 110,380 PEN
Risk Management Director Accounting and Finance 148,300 PEN
Risk Management Supervisor Accounting and Finance 115,940 PEN
Staff Accountant Accounting and Finance 62,100 PEN
Tax Accountant Accounting and Finance 60,880 PEN
Tax Administrator Accounting and Finance 64,180 PEN
Tax Advisor Accounting and Finance 98,820 PEN
Tax Analyst Accounting and Finance 96,540 PEN
Tax Associate Accounting and Finance 53,380 PEN
Tax Consultant Accounting and Finance 96,600 PEN
Tax Director Accounting and Finance 151,800 PEN
Tax Examiner Accounting and Finance 63,480 PEN
Tax Manager Accounting and Finance 128,900 PEN
Tax Research Manager Accounting and Finance 125,700 PEN
Teller Accounting and Finance 34,380 PEN
Treasury Accountant Accounting and Finance 66,820 PEN
Treasury Analyst Accounting and Finance 102,160 PEN
Underwriter Accounting and Finance 42,400 PEN
Underwriting Assistant Accounting and Finance 41,560 PEN
Vice President of Finance Accounting and Finance 172,200 PEN

Salary Comparison by City

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

City Average Salary
Arequipa 61,840 PEN
Chiclayo 55,320 PEN
Cusco 51,400 PEN
Huancayo 54,560 PEN
Iquitos 53,660 PEN
Lima 61,840 PEN
Trujillo 62,420 PEN

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