Average Financial Applications Specialist Salary in Albania for 2024

In this article, we will look at the average Financial Applications Specialist salary for 2024 in Albania 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 Albanian lek. To keep things simple, we are using the ALL currency code instead of the currency symbol L.

How Much Does a Financial Applications Specialist Make in Albania?

A Financial Applications Specialist working in Albania will typically earn around 1,038,700 ALL per year, and this can range from the lowest average salary of about 538,600 ALL to the highest average salary of 1,583,700 ALL.

Average Annual Salary
1,038,700 ALL
Average Monthly Salary
86,558 ALL

Lowest Annual Salary
538,600 ALL
Lowest Monthly Salary
44,883 ALL

Highest Annual Salary
1,583,700 ALL
Highest Monthly Salary
131,975 ALL

These are average salaries for a Financial Applications Specialist in Albania and include benefits such as housing and transport. It's also possible for a Financial Applications Specialist to earn more or less than the average salaries shown above.

Financial Applications Specialist 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 Financial Applications Specialist Salaries in Albania

So we've looked at the average salaries a Financial Applications Specialist will earn in Albania. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Applications Specialist can earn between 538,600 ALL and 1,583,700 ALL on average in Albania. 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 a Financial Applications Specialist in Albania is 995,200 ALL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 995,200 ALL, and 50% of the population earn more than 995,200 ALL.

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 Financial Applications Specialist salary in Albania, 25% of the population are earning less than 692,500 ALL while 75% of the population earn more than 692,500 ALL.

75% of the population earn less than 1,235,600 ALL, and 25% of the population earn more than 1,235,600 ALL.

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.

Financial Applications Specialist Salary by Experience Level in Albania

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 financial applications specialist 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. A Financial Applications Specialist in Albania that has less than two years of experience can expect to earn somewhere in the region of 615,000 ALL.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Applications Specialist salary would increase to 823,900 ALL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Applications Specialist, the average salary would be 1,067,500 ALL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,296,900 ALL.
  • 15 - 20 Years Experience. A Financial Applications Specialist with 15 to 20 years of experience can earn an average of 1,417,600 ALL.
  • 20+ Years Experience. For a Financial Applications Specialist with more than 20 years, the expected average salary increases to 1,487,200 ALL.

Average Salary by Experience Chart

0-2 Years
615,000 ALL
2-5 Years +34%
823,900 ALL
5-10 Years +30%
1,067,500 ALL
10-15 Years +21%
1,296,900 ALL
15-20 Years +9%
1,417,600 ALL
20+ Years +5%
1,487,200 ALL

Financial Applications Specialist Salary by Education Level in Albania

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 a Financial Applications Specialist in Albania based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Financial Applications Specialist in Albania with a high school education can earn an average salary of 739,500 ALL.

  • Certificate or Diploma. A Financial Applications Specialist in Albania with a certificate or diploma education can earn an average salary of 844,100 ALL.

  • Bachelor's Degree. A Financial Applications Specialist in Albania with a bachelor's degree education can earn an average salary of 1,189,900 ALL.

  • Master's Degree. A Financial Applications Specialist in Albania with a master's degree education can earn an average salary of 1,440,700 ALL.

Average Salary by Education Chart

High School
739,500 ALL
Certificate or Diploma +14%
844,100 ALL
Bachelor's Degree +41%
1,189,900 ALL
Master's Degree +21%
1,440,700 ALL

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 Albania is around 480,000 to 1,440,000 ALL 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.

Financial Applications Specialist 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 Albania, a male financial applications specialist will earn an average of 1,080,400 ALL, while a female financial applications specialist will earn around 1,004,500 ALL.

This means that a male financial applications specialist earns approximately 8% more than a female financial applications specialist for performing the same job.

Average Salary by Gender Chart in Albania

Male
1,080,400 ALL
Female -8%
1,004,500 ALL

Financial Applications Specialist Average Pay Raise in Albania

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 a Financial Applications Specialist in Albania is around 7% every 29 months.

The national average pay raise across all professions and industries in Albania 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Financial Applications Specialist in Albania can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Albania for 2024

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

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

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

Financial Applications Specialist Bonus and Incentive Rates in Albania

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.

A Financial Applications Specialist is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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 5%.

Received Bonus
35%
No Bonus
65%

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 Albania earn approximately 14% more than private sector employees in the same role.

Public Sector
1,249,900 ALL
Private Sector -14%
1,097,500 ALL

Salaries for Jobs Similar to a Financial Applications Specialist

In the table below, we have salary information for jobs that are similar to a Financial Applications Specialist in Albania.

Job Title Category Salary
Account Examiner Accounting and Finance 658,300 ALL
Account Executive Accounting and Finance 1,027,600 ALL
Accountant Accounting and Finance 862,400 ALL
Accounting Analyst Accounting and Finance 1,012,100 ALL
Accounting Assistant Accounting and Finance 679,200 ALL
Accounting Associate Accounting and Finance 627,900 ALL
Accounting Clerk Accounting and Finance 514,300 ALL
Accounting Coordinator Accounting and Finance 791,200 ALL
Accounting Head Accounting and Finance 1,632,100 ALL
Accounting Manager Accounting and Finance 1,716,600 ALL
Accounting Officer Accounting and Finance 615,000 ALL
Accounting Specialist Accounting and Finance 1,125,500 ALL
Accounting Supervisor Accounting and Finance 1,212,800 ALL
Accounting Technician Accounting and Finance 588,500 ALL
Accounting Unit Controller Accounting and Finance 1,380,400 ALL
Accounts Executive Accounting and Finance 1,125,300 ALL
Accounts Officer Accounting and Finance 652,200 ALL
Accounts Payable and Receivable Specialist Accounting and Finance 829,000 ALL
Accounts Payable Assistant Accounting and Finance 696,700 ALL
Accounts Payable Associate Accounting and Finance 798,900 ALL
Accounts Payable Clerk Accounting and Finance 602,700 ALL
Accounts Payable Manager Accounting and Finance 1,606,100 ALL
Accounts Receivable Administrator Accounting and Finance 1,224,800 ALL
Accounts Receivable Clerk Accounting and Finance 605,700 ALL
Accounts Receivable Financial Analyst Accounting and Finance 1,138,500 ALL
Accounts Receivable Manager Accounting and Finance 1,583,700 ALL
Accounts Receivable Team Leader Accounting and Finance 1,259,300 ALL
Assistant Accountant Accounting and Finance 653,200 ALL
Assistant Accounting Manager Accounting and Finance 1,547,500 ALL
Assistant Auditor Accounting and Finance 864,700 ALL
Assistant Corporate Controller Accounting and Finance 1,161,000 ALL
Assistant Finance Manager Accounting and Finance 1,800,200 ALL
Assistant Financial Controller Accounting and Finance 1,157,300 ALL
Audit Director Accounting and Finance 1,990,300 ALL
Audit Supervisor Accounting and Finance 1,510,400 ALL
Auditing Clerk Accounting and Finance 652,200 ALL
Auditing Manager Accounting and Finance 1,751,700 ALL
Billing Clerk Accounting and Finance 639,900 ALL
Billing Coordinator Accounting and Finance 767,400 ALL
Billing Specialist Accounting and Finance 864,900 ALL
Billing Supervisor Accounting and Finance 1,296,900 ALL
Bookkeeper Accounting and Finance 559,000 ALL
Bookkeeping Specialist Accounting and Finance 799,300 ALL
Budget Analyst Accounting and Finance 1,464,200 ALL
Budget Manager Accounting and Finance 1,765,300 ALL
Business Support Analyst Accounting and Finance 976,300 ALL
Capital Markets Associate Accounting and Finance 1,320,500 ALL
Cash Flow Analyst Accounting and Finance 1,296,900 ALL
Cash Management Manager Accounting and Finance 1,703,200 ALL
Cash Management Officer Accounting and Finance 990,700 ALL
Cashbook Clerk Accounting and Finance 552,400 ALL
Chartered Accountant Accounting and Finance 1,102,100 ALL
Chief Accountant Accounting and Finance 1,249,900 ALL
Collections Clerk Accounting and Finance 535,800 ALL
Collections Representative Accounting and Finance 739,500 ALL
Collections Specialist Accounting and Finance 896,700 ALL
Corporate Controller Accounting and Finance 1,283,600 ALL
Corporate Treasurer Accounting and Finance 1,678,300 ALL
Cost Accountant Accounting and Finance 829,000 ALL
Cost Accounting Manager Accounting and Finance 1,751,700 ALL
Cost Accounting Supervisor Accounting and Finance 1,391,600 ALL
Cost Analyst Accounting and Finance 1,405,700 ALL
Credit and Collection Manager Accounting and Finance 1,703,200 ALL
Credit and Collection Staff Accounting and Finance 623,200 ALL
Credit and Loans Officer Accounting and Finance 639,900 ALL
Credit Controller Accounting and Finance 1,212,800 ALL
Credit Manager Accounting and Finance 1,846,200 ALL
Debt Adviser Accounting and Finance 1,357,900 ALL
Debt Collector Accounting and Finance 663,100 ALL
Debtors Clerk Accounting and Finance 600,000 ALL
Debtors Controller Accounting and Finance 615,000 ALL
Deputy CFO Accounting and Finance 2,362,300 ALL
Deputy Head of Finance Accounting and Finance 2,374,400 ALL
Derivative Trader Accounting and Finance 1,510,400 ALL
Director of Finance Accounting and Finance 2,519,500 ALL
Economist Accounting and Finance 1,942,700 ALL
Equity Analyst Accounting and Finance 1,500,800 ALL
Escrow Assistant Accounting and Finance 721,600 ALL
Executive Accountant Accounting and Finance 960,900 ALL
External Auditor Accounting and Finance 1,182,800 ALL
Finance Administrator Accounting and Finance 1,006,300 ALL
Finance Analyst Accounting and Finance 1,594,500 ALL
Finance Associate Accounting and Finance 752,600 ALL
Finance Director Accounting and Finance 2,566,100 ALL
Finance Executive Accounting and Finance 1,788,300 ALL
Finance Licensing Clerk Accounting and Finance 596,800 ALL
Finance Licensing Manager Accounting and Finance 1,583,700 ALL
Finance Licensing Specialist Accounting and Finance 902,100 ALL
Finance Manager Accounting and Finance 2,435,600 ALL
Finance Officer Accounting and Finance 791,600 ALL
Finance President Accounting and Finance 2,423,000 ALL
Finance Relationship Manager Accounting and Finance 1,942,700 ALL
Finance Release Analyst Accounting and Finance 975,700 ALL
Finance Specialist Accounting and Finance 1,450,700 ALL
Finance Team Leader Accounting and Finance 1,980,600 ALL
Financial Accountant Accounting and Finance 823,400 ALL
Financial Actuary Accounting and Finance 1,357,900 ALL
Financial Administrator Accounting and Finance 1,357,900 ALL
Financial Advisor Accounting and Finance 1,583,700 ALL
Financial Analyst Accounting and Finance 1,510,400 ALL
Financial Assistant Accounting and Finance 672,600 ALL
Financial Associate Accounting and Finance 679,200 ALL
Financial Associate Accounting and Finance 838,100 ALL
Financial Claims Analyst Accounting and Finance 1,172,900 ALL
Financial Claims Manager Accounting and Finance 1,560,800 ALL
Financial Claims Supervisor Accounting and Finance 1,450,700 ALL
Financial Clerk Accounting and Finance 643,400 ALL
Financial Commercial Analyst Accounting and Finance 1,273,300 ALL
Financial Compliance Analyst Accounting and Finance 1,345,400 ALL
Financial Consultant Accounting and Finance 1,159,900 ALL
Financial Controller Accounting and Finance 1,333,900 ALL
Financial Controller Accounting and Finance 1,417,600 ALL
Financial Coordinator Accounting and Finance 780,700 ALL
Financial Customer Service Manager Accounting and Finance 1,476,700 ALL
Financial Dealer and Broker Accounting and Finance 904,700 ALL
Financial Director Accounting and Finance 2,401,300 ALL
Financial Encoder Accounting and Finance 701,400 ALL
Financial Manager Accounting and Finance 2,254,400 ALL
Financial Manager Accounting and Finance 2,304,300 ALL
Financial Operations Manager Accounting and Finance 2,065,400 ALL
Financial Policy Analyst Accounting and Finance 1,306,100 ALL
Financial Project Manager Accounting and Finance 1,811,000 ALL
Financial Quantitative Analyst Accounting and Finance 1,450,700 ALL
Financial Reporting Consultant Accounting and Finance 1,198,300 ALL
Financial Reporting Manager Accounting and Finance 1,621,400 ALL
Financial Section Head Accounting and Finance 1,693,600 ALL
Financial Services Manager Accounting and Finance 2,100,900 ALL
Financial Services Sales Agent Accounting and Finance 934,900 ALL
Fixed Assets Administrator Accounting and Finance 840,100 ALL
Forensic Accountant Accounting and Finance 983,700 ALL
Fraud Detection Supervisor Accounting and Finance 996,600 ALL
Fraud Prevention Manager Accounting and Finance 1,655,500 ALL
Fund Accountant Accounting and Finance 778,900 ALL
Grants Coordinator Accounting and Finance 646,600 ALL
Group Financial Manager Accounting and Finance 2,543,000 ALL
Internal Auditor Accounting and Finance 1,132,900 ALL
Internal Control Adviser Accounting and Finance 1,273,300 ALL
Internal Control Officer Accounting and Finance 707,600 ALL
International Tax Director Accounting and Finance 1,990,300 ALL
Inventory Accountant Accounting and Finance 862,400 ALL
Investment Advisor Accounting and Finance 2,184,900 ALL
Investment Analyst Accounting and Finance 1,621,400 ALL
Investment Associate Accounting and Finance 1,476,700 ALL
Investment Broker Accounting and Finance 1,380,400 ALL
Investment Fund Manager Accounting and Finance 1,980,600 ALL
Investment Operations Manager Accounting and Finance 1,835,700 ALL
Investment Underwriter Accounting and Finance 754,900 ALL
Investor Accounting and Finance 1,094,000 ALL
Investor Relations Manager Accounting and Finance 1,716,600 ALL
KYC Team Leader Accounting and Finance 1,716,600 ALL
Loan Processor Accounting and Finance 695,400 ALL
Management Accountant Accounting and Finance 939,000 ALL
Management Economist Accounting and Finance 1,980,600 ALL
Paymaster Accounting and Finance 714,300 ALL
Payroll Administrator Accounting and Finance 1,099,800 ALL
Payroll Benefits Coordinator Accounting and Finance 890,100 ALL
Payroll Billing Manager Accounting and Finance 1,476,700 ALL
Payroll Clerk Accounting and Finance 728,500 ALL
Payroll Manager Accounting and Finance 1,537,500 ALL
Payroll Officer Accounting and Finance 707,700 ALL
Payroll Specialist Accounting and Finance 847,000 ALL
Payroll Supervisor Accounting and Finance 1,075,700 ALL
Pensions Administrator Accounting and Finance 899,900 ALL
Personal Financial Advisor Accounting and Finance 1,259,300 ALL
Pricing Analyst Accounting and Finance 1,391,600 ALL
Private Equity Analyst Accounting and Finance 1,547,500 ALL
Project Accountant Accounting and Finance 943,800 ALL
Proposal Development Coordinator Accounting and Finance 757,300 ALL
Receivables Accountant Accounting and Finance 765,100 ALL
Regulatory Accountant Accounting and Finance 917,700 ALL
Retirement Plan Analyst Accounting and Finance 1,283,600 ALL
Revenue Management Specialist Accounting and Finance 1,345,400 ALL
Revenue Recognition Analyst Accounting and Finance 1,560,800 ALL
Risk Management Director Accounting and Finance 2,052,200 ALL
Risk Management Supervisor Accounting and Finance 1,693,600 ALL
Staff Accountant Accounting and Finance 844,100 ALL
Tax Accountant Accounting and Finance 800,200 ALL
Tax Administrator Accounting and Finance 934,900 ALL
Tax Advisor Accounting and Finance 1,320,500 ALL
Tax Analyst Accounting and Finance 1,333,900 ALL
Tax Associate Accounting and Finance 722,100 ALL
Tax Consultant Accounting and Finance 1,391,600 ALL
Tax Director Accounting and Finance 2,026,800 ALL
Tax Examiner Accounting and Finance 934,900 ALL
Tax Manager Accounting and Finance 1,751,700 ALL
Tax Research Manager Accounting and Finance 1,751,700 ALL
Teller Accounting and Finance 514,300 ALL
Treasury Accountant Accounting and Finance 884,700 ALL
Treasury Analyst Accounting and Finance 1,357,900 ALL
Underwriter Accounting and Finance 618,800 ALL
Underwriting Assistant Accounting and Finance 581,000 ALL
Vice President of Finance Accounting and Finance 2,221,600 ALL

Salary Comparison by City

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

City Average Salary
Berat 993,600 ALL
Durres 1,130,800 ALL
Elbasan 1,098,200 ALL
Fier 1,067,300 ALL
Gjirokaster 1,009,200 ALL
Korca 1,064,100 ALL
Lezhe 913,400 ALL
Sarande 1,007,400 ALL
Shkodra 1,125,500 ALL
Tirana 1,130,800 ALL
Vlore 1,181,200 ALL

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