Average Accounts Payable Manager Salary in Russia for 2024

In this article, we will look at the average Accounts Payable Manager salary for 2024 in Russia 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 Russian ruble. To keep things simple, we are using the RUB currency code instead of the currency symbol โ‚ฝ.

How Much Does an Accounts Payable Manager Make in Russia?

An Accounts Payable Manager working in Russia will typically earn around 1,655,500 RUB per year, and this can range from the lowest average salary of about 824,800 RUB to the highest average salary of 2,557,100 RUB.

Average Annual Salary
1,655,500 RUB
Average Monthly Salary
137,958 RUB

Lowest Annual Salary
824,800 RUB
Lowest Monthly Salary
68,733 RUB

Highest Annual Salary
2,557,100 RUB
Highest Monthly Salary
213,091 RUB

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

Accounts Payable Manager 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 Manager Salaries in Russia

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

Salary ranges

We already know that an Accounts Payable Manager can earn between 824,800 RUB and 2,557,100 RUB on average in Russia. 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 Manager in Russia is 1,655,500 RUB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,655,500 RUB, and 50% of the population earn more than 1,655,500 RUB.

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 Manager salary in Russia, 25% of the population are earning less than 1,113,100 RUB while 75% of the population earn more than 1,113,100 RUB.

75% of the population earn less than 2,110,600 RUB, and 25% of the population earn more than 2,110,600 RUB.

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 Manager Salary by Experience Level in Russia

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 manager 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 Manager in Russia that has less than two years of experience can expect to earn somewhere in the region of 991,000 RUB.
  • 2 - 5 Years Experience. With two to five years of experience the average Accounts Payable Manager salary would increase to 1,306,100 RUB.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accounts Payable Manager, the average salary would be 1,751,700 RUB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,086,500 RUB.
  • 15 - 20 Years Experience. An Accounts Payable Manager with 15 to 20 years of experience can earn an average of 2,254,400 RUB.
  • 20+ Years Experience. For an Accounts Payable Manager with more than 20 years, the expected average salary increases to 2,423,000 RUB.

Average Salary by Experience Chart

0-2 Years
991,000 RUB
2-5 Years +32%
1,306,100 RUB
5-10 Years +34%
1,751,700 RUB
10-15 Years +19%
2,086,500 RUB
15-20 Years +8%
2,254,400 RUB
20+ Years +7%
2,423,000 RUB

Accounts Payable Manager Salary by Education Level in Russia

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 Manager in Russia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Accounts Payable Manager in Russia with a certificate or diploma education can earn an average salary of 1,306,100 RUB.

  • Bachelor's Degree. An Accounts Payable Manager in Russia with a bachelor's degree education can earn an average salary of 1,800,200 RUB.

  • Master's Degree. An Accounts Payable Manager in Russia with a master's degree education can earn an average salary of 2,314,800 RUB.

Average Salary by Education Chart

Certificate or Diploma
1,306,100 RUB
Bachelor's Degree +37%
1,800,200 RUB
Master's Degree +29%
2,314,800 RUB

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 Russia is around 519,000 to 1,560,000 RUB 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 Manager 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 Russia, a male accounts payable manager will earn an average of 1,693,600 RUB, while a female accounts payable manager will earn around 1,606,100 RUB.

This means that a male accounts payable manager earns approximately 5% more than a female accounts payable manager for performing the same job.

Average Salary by Gender Chart in Russia

Male
1,693,600 RUB
Female -5%
1,606,100 RUB

Accounts Payable Manager Average Pay Raise in Russia

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 Manager in Russia is around 12% every 17 months.

The national average pay raise across all professions and industries in Russia is around 8% 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 Accounts Payable Manager in Russia can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Russia for 2024

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

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 Manager Bonus and Incentive Rates in Russia

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 Manager is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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 5% to 8%.

Received Bonus
81%
No Bonus
19%

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 Russia earn approximately 6% more than private sector employees in the same role.

Public Sector
1,283,600 RUB
Private Sector -6%
1,212,800 RUB

Salaries for Jobs Similar to an Accounts Payable Manager

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

Job Title Category Salary
Account Examiner Accounting and Finance 615,700 RUB
Account Executive Accounting and Finance 1,125,300 RUB
Accountant Accounting and Finance 819,000 RUB
Accounting Analyst Accounting and Finance 1,047,900 RUB
Accounting Assistant Accounting and Finance 627,900 RUB
Accounting Associate Accounting and Finance 614,600 RUB
Accounting Clerk Accounting and Finance 514,300 RUB
Accounting Coordinator Accounting and Finance 739,500 RUB
Accounting Head Accounting and Finance 1,788,300 RUB
Accounting Manager Accounting and Finance 1,846,200 RUB
Accounting Officer Accounting and Finance 619,000 RUB
Accounting Specialist Accounting and Finance 1,108,500 RUB
Accounting Supervisor Accounting and Finance 1,125,500 RUB
Accounting Technician Accounting and Finance 583,000 RUB
Accounting Unit Controller Accounting and Finance 1,391,600 RUB
Accounts Executive Accounting and Finance 1,080,200 RUB
Accounts Officer Accounting and Finance 693,100 RUB
Accounts Payable and Receivable Specialist Accounting and Finance 848,200 RUB
Accounts Payable Assistant Accounting and Finance 658,300 RUB
Accounts Payable Associate Accounting and Finance 759,300 RUB
Accounts Payable Clerk Accounting and Finance 633,300 RUB
Accounts Receivable Administrator Accounting and Finance 1,235,600 RUB
Accounts Receivable Clerk Accounting and Finance 607,400 RUB
Accounts Receivable Financial Analyst Accounting and Finance 1,172,800 RUB
Accounts Receivable Manager Accounting and Finance 1,716,600 RUB
Accounts Receivable Team Leader Accounting and Finance 1,259,300 RUB
Assistant Accountant Accounting and Finance 671,000 RUB
Assistant Accounting Manager Accounting and Finance 1,537,500 RUB
Assistant Auditor Accounting and Finance 875,000 RUB
Assistant Corporate Controller Accounting and Finance 1,097,500 RUB
Assistant Finance Manager Accounting and Finance 1,703,200 RUB
Assistant Financial Controller Accounting and Finance 1,120,700 RUB
Audit Director Accounting and Finance 1,967,000 RUB
Audit Supervisor Accounting and Finance 1,606,100 RUB
Auditing Clerk Accounting and Finance 693,100 RUB
Auditing Manager Accounting and Finance 1,693,600 RUB
Billing Clerk Accounting and Finance 643,400 RUB
Billing Coordinator Accounting and Finance 751,100 RUB
Billing Specialist Accounting and Finance 874,900 RUB
Billing Supervisor Accounting and Finance 1,283,600 RUB
Bookkeeper Accounting and Finance 541,700 RUB
Bookkeeping Specialist Accounting and Finance 795,700 RUB
Budget Analyst Accounting and Finance 1,391,600 RUB
Budget Manager Accounting and Finance 1,800,200 RUB
Business Support Analyst Accounting and Finance 985,700 RUB
Capital Markets Associate Accounting and Finance 1,345,400 RUB
Cash Flow Analyst Accounting and Finance 1,283,600 RUB
Cash Management Manager Accounting and Finance 1,655,500 RUB
Cash Management Officer Accounting and Finance 939,000 RUB
Cashbook Clerk Accounting and Finance 571,300 RUB
Chartered Accountant Accounting and Finance 1,130,800 RUB
Chief Accountant Accounting and Finance 1,198,300 RUB
Collections Clerk Accounting and Finance 533,100 RUB
Collections Representative Accounting and Finance 733,300 RUB
Collections Specialist Accounting and Finance 899,900 RUB
Corporate Controller Accounting and Finance 1,369,700 RUB
Corporate Treasurer Accounting and Finance 1,693,600 RUB
Cost Accountant Accounting and Finance 862,400 RUB
Cost Accounting Manager Accounting and Finance 1,716,600 RUB
Cost Accounting Supervisor Accounting and Finance 1,357,900 RUB
Cost Analyst Accounting and Finance 1,345,400 RUB
Credit and Collection Manager Accounting and Finance 1,741,800 RUB
Credit and Collection Staff Accounting and Finance 626,800 RUB
Credit and Loans Officer Accounting and Finance 597,800 RUB
Credit Controller Accounting and Finance 1,198,300 RUB
Credit Manager Accounting and Finance 1,693,600 RUB
Debt Adviser Accounting and Finance 1,440,700 RUB
Debt Collector Accounting and Finance 687,100 RUB
Debtors Clerk Accounting and Finance 592,600 RUB
Debtors Controller Accounting and Finance 619,000 RUB
Deputy CFO Accounting and Finance 2,290,300 RUB
Deputy Head of Finance Accounting and Finance 2,423,000 RUB
Derivative Trader Accounting and Finance 1,405,700 RUB
Director of Finance Accounting and Finance 2,593,900 RUB
Economist Accounting and Finance 2,015,600 RUB
Equity Analyst Accounting and Finance 1,524,300 RUB
Escrow Assistant Accounting and Finance 782,500 RUB
Executive Accountant Accounting and Finance 913,400 RUB
External Auditor Accounting and Finance 1,224,800 RUB
Finance Administrator Accounting and Finance 964,000 RUB
Finance Analyst Accounting and Finance 1,510,400 RUB
Finance Associate Accounting and Finance 704,300 RUB
Finance Director Accounting and Finance 2,579,200 RUB
Finance Executive Accounting and Finance 1,858,200 RUB
Finance Licensing Clerk Accounting and Finance 592,200 RUB
Finance Licensing Manager Accounting and Finance 1,693,600 RUB
Finance Licensing Specialist Accounting and Finance 943,800 RUB
Finance Manager Accounting and Finance 2,401,300 RUB
Finance Officer Accounting and Finance 847,000 RUB
Finance President Accounting and Finance 2,543,000 RUB
Finance Relationship Manager Accounting and Finance 2,065,400 RUB
Finance Release Analyst Accounting and Finance 945,400 RUB
Finance Specialist Accounting and Finance 1,391,600 RUB
Finance Team Leader Accounting and Finance 1,846,200 RUB
Financial Accountant Accounting and Finance 832,100 RUB
Financial Actuary Accounting and Finance 1,306,100 RUB
Financial Administrator Accounting and Finance 1,345,400 RUB
Financial Advisor Accounting and Finance 1,487,200 RUB
Financial Analyst Accounting and Finance 1,500,800 RUB
Financial Applications Specialist Accounting and Finance 1,021,800 RUB
Financial Assistant Accounting and Finance 712,100 RUB
Financial Associate Accounting and Finance 658,300 RUB
Financial Associate Accounting and Finance 847,000 RUB
Financial Claims Analyst Accounting and Finance 1,172,900 RUB
Financial Claims Manager Accounting and Finance 1,524,300 RUB
Financial Claims Supervisor Accounting and Finance 1,380,400 RUB
Financial Clerk Accounting and Finance 623,700 RUB
Financial Commercial Analyst Accounting and Finance 1,212,800 RUB
Financial Compliance Analyst Accounting and Finance 1,428,800 RUB
Financial Consultant Accounting and Finance 1,184,200 RUB
Financial Controller Accounting and Finance 1,306,100 RUB
Financial Controller Accounting and Finance 1,380,400 RUB
Financial Coordinator Accounting and Finance 759,300 RUB
Financial Customer Service Manager Accounting and Finance 1,606,100 RUB
Financial Dealer and Broker Accounting and Finance 917,200 RUB
Financial Director Accounting and Finance 2,447,200 RUB
Financial Encoder Accounting and Finance 707,600 RUB
Financial Manager Accounting and Finance 2,254,400 RUB
Financial Manager Accounting and Finance 2,389,200 RUB
Financial Operations Manager Accounting and Finance 2,207,600 RUB
Financial Policy Analyst Accounting and Finance 1,345,400 RUB
Financial Project Manager Accounting and Finance 1,777,700 RUB
Financial Quantitative Analyst Accounting and Finance 1,524,300 RUB
Financial Reporting Consultant Accounting and Finance 1,235,600 RUB
Financial Reporting Manager Accounting and Finance 1,655,500 RUB
Financial Section Head Accounting and Finance 1,632,100 RUB
Financial Services Manager Accounting and Finance 2,124,400 RUB
Financial Services Sales Agent Accounting and Finance 934,900 RUB
Fixed Assets Administrator Accounting and Finance 902,100 RUB
Forensic Accountant Accounting and Finance 1,038,700 RUB
Fraud Detection Supervisor Accounting and Finance 1,057,700 RUB
Fraud Prevention Manager Accounting and Finance 1,716,600 RUB
Fund Accountant Accounting and Finance 786,600 RUB
Grants Coordinator Accounting and Finance 631,200 RUB
Group Financial Manager Accounting and Finance 2,327,100 RUB
Internal Auditor Accounting and Finance 1,148,200 RUB
Internal Control Adviser Accounting and Finance 1,357,900 RUB
Internal Control Officer Accounting and Finance 733,300 RUB
International Tax Director Accounting and Finance 2,076,600 RUB
Inventory Accountant Accounting and Finance 923,000 RUB
Investment Advisor Accounting and Finance 2,161,200 RUB
Investment Analyst Accounting and Finance 1,728,900 RUB
Investment Associate Accounting and Finance 1,428,800 RUB
Investment Broker Accounting and Finance 1,440,700 RUB
Investment Fund Manager Accounting and Finance 1,858,200 RUB
Investment Operations Manager Accounting and Finance 1,870,400 RUB
Investment Underwriter Accounting and Finance 695,200 RUB
Investor Accounting and Finance 1,122,300 RUB
Investor Relations Manager Accounting and Finance 1,716,600 RUB
KYC Team Leader Accounting and Finance 1,594,500 RUB
Loan Processor Accounting and Finance 681,900 RUB
Management Accountant Accounting and Finance 986,700 RUB
Management Economist Accounting and Finance 1,980,600 RUB
Paymaster Accounting and Finance 679,200 RUB
Payroll Administrator Accounting and Finance 1,122,900 RUB
Payroll Benefits Coordinator Accounting and Finance 965,000 RUB
Payroll Billing Manager Accounting and Finance 1,560,800 RUB
Payroll Clerk Accounting and Finance 727,400 RUB
Payroll Manager Accounting and Finance 1,487,200 RUB
Payroll Officer Accounting and Finance 727,100 RUB
Payroll Specialist Accounting and Finance 852,900 RUB
Payroll Supervisor Accounting and Finance 1,125,500 RUB
Pensions Administrator Accounting and Finance 899,900 RUB
Personal Financial Advisor Accounting and Finance 1,296,900 RUB
Pricing Analyst Accounting and Finance 1,357,900 RUB
Private Equity Analyst Accounting and Finance 1,500,800 RUB
Project Accountant Accounting and Finance 875,000 RUB
Proposal Development Coordinator Accounting and Finance 757,300 RUB
Receivables Accountant Accounting and Finance 756,700 RUB
Regulatory Accountant Accounting and Finance 906,500 RUB
Retirement Plan Analyst Accounting and Finance 1,369,700 RUB
Revenue Management Specialist Accounting and Finance 1,391,600 RUB
Revenue Recognition Analyst Accounting and Finance 1,570,900 RUB
Risk Management Director Accounting and Finance 1,942,700 RUB
Risk Management Supervisor Accounting and Finance 1,741,800 RUB
Staff Accountant Accounting and Finance 814,500 RUB
Tax Accountant Accounting and Finance 794,900 RUB
Tax Administrator Accounting and Finance 888,400 RUB
Tax Advisor Accounting and Finance 1,357,900 RUB
Tax Analyst Accounting and Finance 1,333,900 RUB
Tax Associate Accounting and Finance 698,200 RUB
Tax Consultant Accounting and Finance 1,357,900 RUB
Tax Director Accounting and Finance 1,930,500 RUB
Tax Examiner Accounting and Finance 931,700 RUB
Tax Manager Accounting and Finance 1,751,700 RUB
Tax Research Manager Accounting and Finance 1,716,600 RUB
Teller Accounting and Finance 491,000 RUB
Treasury Accountant Accounting and Finance 884,700 RUB
Treasury Analyst Accounting and Finance 1,464,200 RUB
Underwriter Accounting and Finance 605,700 RUB
Underwriting Assistant Accounting and Finance 559,000 RUB
Vice President of Finance Accounting and Finance 2,352,500 RUB

Salary Comparison by City

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

City Average Salary
Chelyabinsk 1,882,700 RUB
Izhevsk 1,500,800 RUB
Kazan 1,908,800 RUB
Krasnodar 1,560,800 RUB
Krasnoyarsk 1,594,500 RUB
Moscow 2,003,200 RUB
Nizhny Novgorod 1,921,500 RUB
Omsk 1,835,700 RUB
Rostov-on-Don 1,811,000 RUB
Saint Petersburg 1,980,600 RUB
Samara 1,765,300 RUB
Saratov 1,510,400 RUB
Volgograd 1,560,800 RUB
Yekaterinburg 1,967,000 RUB

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