Average Accounts Receivable Manager Salary in Gibraltar for 2024

In this article, we will look at the average Accounts Receivable Manager salary for 2024 in Gibraltar 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 Gibraltar pound. To keep things simple, we are using the GIP currency code instead of the currency symbol £.

How Much Does an Accounts Receivable Manager Make in Gibraltar?

An Accounts Receivable Manager working in Gibraltar will typically earn around 51,400 GIP per year, and this can range from the lowest average salary of about 27,100 GIP to the highest average salary of 79,600 GIP.

Average Annual Salary
51,400 GIP
Average Monthly Salary
4,283 GIP

Lowest Annual Salary
27,100 GIP
Lowest Monthly Salary
2,258 GIP

Highest Annual Salary
79,600 GIP
Highest Monthly Salary
6,633 GIP

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

Accounts Receivable 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 Receivable Manager Salaries in Gibraltar

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

Salary ranges

We already know that an Accounts Receivable Manager can earn between 27,100 GIP and 79,600 GIP on average in Gibraltar. 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 Receivable Manager in Gibraltar is 49,200 GIP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 49,200 GIP, and 50% of the population earn more than 49,200 GIP.

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 Receivable Manager salary in Gibraltar, 25% of the population are earning less than 33,000 GIP while 75% of the population earn more than 33,000 GIP.

75% of the population earn less than 60,800 GIP, and 25% of the population earn more than 60,800 GIP.

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 Receivable Manager Salary by Experience Level in Gibraltar

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 receivable 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 Receivable Manager in Gibraltar that has less than two years of experience can expect to earn somewhere in the region of 30,100 GIP.
  • 2 - 5 Years Experience. With two to five years of experience the average Accounts Receivable Manager salary would increase to 39,700 GIP.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accounts Receivable Manager, the average salary would be 54,600 GIP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 63,200 GIP.
  • 15 - 20 Years Experience. An Accounts Receivable Manager with 15 to 20 years of experience can earn an average of 68,500 GIP.
  • 20+ Years Experience. For an Accounts Receivable Manager with more than 20 years, the expected average salary increases to 73,500 GIP.

Average Salary by Experience Chart

0-2 Years
30,100 GIP
2-5 Years +34%
39,700 GIP
5-10 Years +30%
54,600 GIP
10-15 Years +21%
63,200 GIP
15-20 Years +9%
68,500 GIP
20+ Years +5%
73,500 GIP

Accounts Receivable Manager Salary by Education Level in Gibraltar

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 Receivable Manager in Gibraltar 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 Receivable Manager in Gibraltar with a certificate or diploma education can earn an average salary of 35,600 GIP.

  • Bachelor's Degree. An Accounts Receivable Manager in Gibraltar with a bachelor's degree education can earn an average salary of 54,100 GIP.

  • Master's Degree. An Accounts Receivable Manager in Gibraltar with a master's degree education can earn an average salary of 78,200 GIP.

Average Salary by Education Chart

Certificate or Diploma
35,600 GIP
Bachelor's Degree +52%
54,100 GIP
Master's Degree +42%
78,200 GIP

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 Gibraltar is around 16,900 to 50,700 GIP 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 Receivable 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 Gibraltar, a male accounts receivable manager will earn an average of 54,100 GIP, while a female accounts receivable manager will earn around 50,500 GIP.

This means that a male accounts receivable manager earns approximately 7% more than a female accounts receivable manager for performing the same job.

Average Salary by Gender Chart in Gibraltar

Male
54,100 GIP
Female -7%
50,500 GIP

Accounts Receivable Manager Average Pay Raise in Gibraltar

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 Receivable Manager in Gibraltar is around 8% every 29 months.

The national average pay raise across all professions and industries in Gibraltar is around 4% every 29 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that an Accounts Receivable Manager in Gibraltar can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Gibraltar for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Accounts Receivable Manager Bonus and Incentive Rates in Gibraltar

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 Receivable Manager is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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 6% to 8%.

Received Bonus
61%
No Bonus
39%

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 Gibraltar earn approximately 24% more than private sector employees in the same role.

Public Sector
43,400 GIP
Private Sector -24%
35,000 GIP

Salaries for Jobs Similar to an Accounts Receivable Manager

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

Job Title Category Salary
Account Examiner Accounting and Finance 19,300 GIP
Account Executive Accounting and Finance 36,600 GIP
Accountant Accounting and Finance 25,800 GIP
Accounting Analyst Accounting and Finance 34,400 GIP
Accounting Assistant Accounting and Finance 21,100 GIP
Accounting Associate Accounting and Finance 18,600 GIP
Accounting Clerk Accounting and Finance 18,300 GIP
Accounting Coordinator Accounting and Finance 22,800 GIP
Accounting Head Accounting and Finance 57,000 GIP
Accounting Manager Accounting and Finance 60,100 GIP
Accounting Officer Accounting and Finance 20,200 GIP
Accounting Specialist Accounting and Finance 35,600 GIP
Accounting Supervisor Accounting and Finance 35,400 GIP
Accounting Technician Accounting and Finance 20,200 GIP
Accounting Unit Controller Accounting and Finance 48,200 GIP
Accounts Executive Accounting and Finance 35,300 GIP
Accounts Officer Accounting and Finance 23,000 GIP
Accounts Payable and Receivable Specialist Accounting and Finance 27,300 GIP
Accounts Payable Assistant Accounting and Finance 23,700 GIP
Accounts Payable Associate Accounting and Finance 23,600 GIP
Accounts Payable Clerk Accounting and Finance 20,200 GIP
Accounts Payable Manager Accounting and Finance 52,800 GIP
Accounts Receivable Administrator Accounting and Finance 42,000 GIP
Accounts Receivable Clerk Accounting and Finance 20,000 GIP
Accounts Receivable Financial Analyst Accounting and Finance 38,000 GIP
Accounts Receivable Team Leader Accounting and Finance 40,300 GIP
Assistant Accountant Accounting and Finance 20,400 GIP
Assistant Accounting Manager Accounting and Finance 52,300 GIP
Assistant Auditor Accounting and Finance 25,800 GIP
Assistant Corporate Controller Accounting and Finance 37,800 GIP
Assistant Finance Manager Accounting and Finance 54,100 GIP
Assistant Financial Controller Accounting and Finance 39,600 GIP
Audit Director Accounting and Finance 66,700 GIP
Audit Supervisor Accounting and Finance 50,800 GIP
Auditing Clerk Accounting and Finance 23,000 GIP
Auditing Manager Accounting and Finance 57,400 GIP
Billing Clerk Accounting and Finance 23,000 GIP
Billing Coordinator Accounting and Finance 23,600 GIP
Billing Specialist Accounting and Finance 31,200 GIP
Billing Supervisor Accounting and Finance 39,500 GIP
Bookkeeper Accounting and Finance 19,200 GIP
Bookkeeping Specialist Accounting and Finance 24,400 GIP
Budget Analyst Accounting and Finance 49,700 GIP
Budget Manager Accounting and Finance 57,100 GIP
Business Support Analyst Accounting and Finance 30,800 GIP
Capital Markets Associate Accounting and Finance 40,700 GIP
Cash Flow Analyst Accounting and Finance 42,600 GIP
Cash Management Manager Accounting and Finance 53,300 GIP
Cash Management Officer Accounting and Finance 30,800 GIP
Cashbook Clerk Accounting and Finance 17,800 GIP
Chartered Accountant Accounting and Finance 36,800 GIP
Chief Accountant Accounting and Finance 42,400 GIP
Collections Clerk Accounting and Finance 18,300 GIP
Collections Representative Accounting and Finance 23,800 GIP
Collections Specialist Accounting and Finance 27,300 GIP
Corporate Controller Accounting and Finance 43,200 GIP
Corporate Treasurer Accounting and Finance 49,200 GIP
Cost Accountant Accounting and Finance 27,300 GIP
Cost Accounting Manager Accounting and Finance 56,800 GIP
Cost Accounting Supervisor Accounting and Finance 46,200 GIP
Cost Analyst Accounting and Finance 43,100 GIP
Credit and Collection Manager Accounting and Finance 54,100 GIP
Credit and Collection Staff Accounting and Finance 22,600 GIP
Credit and Loans Officer Accounting and Finance 18,600 GIP
Credit Controller Accounting and Finance 36,700 GIP
Credit Manager Accounting and Finance 58,600 GIP
Debt Adviser Accounting and Finance 49,400 GIP
Debt Collector Accounting and Finance 21,500 GIP
Debtors Clerk Accounting and Finance 18,200 GIP
Debtors Controller Accounting and Finance 20,200 GIP
Deputy CFO Accounting and Finance 72,700 GIP
Deputy Head of Finance Accounting and Finance 77,100 GIP
Derivative Trader Accounting and Finance 46,700 GIP
Director of Finance Accounting and Finance 87,200 GIP
Economist Accounting and Finance 61,700 GIP
Equity Analyst Accounting and Finance 46,700 GIP
Escrow Assistant Accounting and Finance 23,300 GIP
Executive Accountant Accounting and Finance 30,800 GIP
External Auditor Accounting and Finance 37,800 GIP
Finance Administrator Accounting and Finance 31,700 GIP
Finance Analyst Accounting and Finance 51,300 GIP
Finance Associate Accounting and Finance 23,400 GIP
Finance Director Accounting and Finance 79,700 GIP
Finance Executive Accounting and Finance 59,000 GIP
Finance Licensing Clerk Accounting and Finance 19,300 GIP
Finance Licensing Manager Accounting and Finance 54,100 GIP
Finance Licensing Specialist Accounting and Finance 30,800 GIP
Finance Manager Accounting and Finance 80,000 GIP
Finance Officer Accounting and Finance 27,100 GIP
Finance President Accounting and Finance 83,700 GIP
Finance Relationship Manager Accounting and Finance 63,100 GIP
Finance Release Analyst Accounting and Finance 32,900 GIP
Finance Specialist Accounting and Finance 47,800 GIP
Finance Team Leader Accounting and Finance 60,600 GIP
Financial Accountant Accounting and Finance 29,600 GIP
Financial Actuary Accounting and Finance 39,500 GIP
Financial Administrator Accounting and Finance 49,000 GIP
Financial Advisor Accounting and Finance 51,300 GIP
Financial Analyst Accounting and Finance 49,300 GIP
Financial Applications Specialist Accounting and Finance 33,000 GIP
Financial Assistant Accounting and Finance 20,100 GIP
Financial Associate Accounting and Finance 23,000 GIP
Financial Associate Accounting and Finance 24,800 GIP
Financial Claims Analyst Accounting and Finance 39,400 GIP
Financial Claims Manager Accounting and Finance 49,800 GIP
Financial Claims Supervisor Accounting and Finance 45,700 GIP
Financial Clerk Accounting and Finance 18,600 GIP
Financial Commercial Analyst Accounting and Finance 39,600 GIP
Financial Compliance Analyst Accounting and Finance 44,900 GIP
Financial Consultant Accounting and Finance 37,800 GIP
Financial Controller Accounting and Finance 42,700 GIP
Financial Controller Accounting and Finance 43,500 GIP
Financial Coordinator Accounting and Finance 26,400 GIP
Financial Customer Service Manager Accounting and Finance 48,500 GIP
Financial Dealer and Broker Accounting and Finance 29,600 GIP
Financial Director Accounting and Finance 79,600 GIP
Financial Encoder Accounting and Finance 22,000 GIP
Financial Manager Accounting and Finance 74,500 GIP
Financial Manager Accounting and Finance 80,800 GIP
Financial Operations Manager Accounting and Finance 71,200 GIP
Financial Policy Analyst Accounting and Finance 44,500 GIP
Financial Project Manager Accounting and Finance 58,500 GIP
Financial Quantitative Analyst Accounting and Finance 49,400 GIP
Financial Reporting Consultant Accounting and Finance 38,900 GIP
Financial Reporting Manager Accounting and Finance 53,600 GIP
Financial Section Head Accounting and Finance 51,300 GIP
Financial Services Manager Accounting and Finance 69,200 GIP
Financial Services Sales Agent Accounting and Finance 29,600 GIP
Fixed Assets Administrator Accounting and Finance 29,600 GIP
Forensic Accountant Accounting and Finance 30,200 GIP
Fraud Detection Supervisor Accounting and Finance 30,700 GIP
Fraud Prevention Manager Accounting and Finance 58,200 GIP
Fund Accountant Accounting and Finance 27,300 GIP
Grants Coordinator Accounting and Finance 19,300 GIP
Group Financial Manager Accounting and Finance 78,900 GIP
Internal Auditor Accounting and Finance 35,000 GIP
Internal Control Adviser Accounting and Finance 40,700 GIP
Internal Control Officer Accounting and Finance 23,600 GIP
International Tax Director Accounting and Finance 64,900 GIP
Inventory Accountant Accounting and Finance 30,800 GIP
Investment Advisor Accounting and Finance 73,500 GIP
Investment Analyst Accounting and Finance 52,800 GIP
Investment Associate Accounting and Finance 45,600 GIP
Investment Broker Accounting and Finance 44,700 GIP
Investment Fund Manager Accounting and Finance 66,000 GIP
Investment Operations Manager Accounting and Finance 59,800 GIP
Investment Underwriter Accounting and Finance 22,400 GIP
Investor Accounting and Finance 36,400 GIP
Investor Relations Manager Accounting and Finance 54,100 GIP
KYC Team Leader Accounting and Finance 52,000 GIP
Loan Processor Accounting and Finance 23,800 GIP
Management Accountant Accounting and Finance 30,200 GIP
Management Economist Accounting and Finance 64,800 GIP
Paymaster Accounting and Finance 20,700 GIP
Payroll Administrator Accounting and Finance 36,000 GIP
Payroll Benefits Coordinator Accounting and Finance 32,200 GIP
Payroll Billing Manager Accounting and Finance 49,300 GIP
Payroll Clerk Accounting and Finance 22,200 GIP
Payroll Manager Accounting and Finance 49,400 GIP
Payroll Officer Accounting and Finance 23,300 GIP
Payroll Specialist Accounting and Finance 29,000 GIP
Payroll Supervisor Accounting and Finance 36,400 GIP
Pensions Administrator Accounting and Finance 30,800 GIP
Personal Financial Advisor Accounting and Finance 39,600 GIP
Pricing Analyst Accounting and Finance 44,500 GIP
Private Equity Analyst Accounting and Finance 45,800 GIP
Project Accountant Accounting and Finance 26,900 GIP
Proposal Development Coordinator Accounting and Finance 24,800 GIP
Receivables Accountant Accounting and Finance 27,300 GIP
Regulatory Accountant Accounting and Finance 29,400 GIP
Retirement Plan Analyst Accounting and Finance 43,200 GIP
Revenue Management Specialist Accounting and Finance 45,800 GIP
Revenue Recognition Analyst Accounting and Finance 51,100 GIP
Risk Management Director Accounting and Finance 64,500 GIP
Risk Management Supervisor Accounting and Finance 57,900 GIP
Staff Accountant Accounting and Finance 26,500 GIP
Tax Accountant Accounting and Finance 23,600 GIP
Tax Administrator Accounting and Finance 29,900 GIP
Tax Advisor Accounting and Finance 45,000 GIP
Tax Analyst Accounting and Finance 44,800 GIP
Tax Associate Accounting and Finance 24,200 GIP
Tax Consultant Accounting and Finance 43,800 GIP
Tax Director Accounting and Finance 64,100 GIP
Tax Examiner Accounting and Finance 31,200 GIP
Tax Manager Accounting and Finance 58,500 GIP
Tax Research Manager Accounting and Finance 57,900 GIP
Teller Accounting and Finance 16,800 GIP
Treasury Accountant Accounting and Finance 29,300 GIP
Treasury Analyst Accounting and Finance 45,300 GIP
Underwriter Accounting and Finance 20,000 GIP
Underwriting Assistant Accounting and Finance 17,900 GIP
Vice President of Finance Accounting and Finance 70,600 GIP

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