Average Financial Clerk Salary in Estonia for 2024

In this article, we will look at the average Financial Clerk salary for 2024 in Estonia 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Financial Clerk Make in Estonia?

A Financial Clerk working in Estonia will typically earn around 19,220 EUR per year, and this can range from the lowest average salary of about 9,440 EUR to the highest average salary of 29,540 EUR.

Average Annual Salary
19,220 EUR
Average Monthly Salary
1,601 EUR

Lowest Annual Salary
9,440 EUR
Lowest Monthly Salary
786 EUR

Highest Annual Salary
29,540 EUR
Highest Monthly Salary
2,461 EUR

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

Financial Clerk 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 Clerk Salaries in Estonia

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

Salary ranges

We already know that a Financial Clerk can earn between 9,440 EUR and 29,540 EUR on average in Estonia. 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 Clerk in Estonia is 17,860 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 17,860 EUR, and 50% of the population earn more than 17,860 EUR.

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 Clerk salary in Estonia, 25% of the population are earning less than 12,620 EUR while 75% of the population earn more than 12,620 EUR.

75% of the population earn less than 22,420 EUR, and 25% of the population earn more than 22,420 EUR.

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 Clerk Salary by Experience Level in Estonia

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 clerk 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 Clerk in Estonia that has less than two years of experience can expect to earn somewhere in the region of 12,020 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Clerk salary would increase to 13,960 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Clerk, the average salary would be 19,360 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 21,980 EUR.
  • 15 - 20 Years Experience. A Financial Clerk with 15 to 20 years of experience can earn an average of 26,020 EUR.
  • 20+ Years Experience. For a Financial Clerk with more than 20 years, the expected average salary increases to 25,440 EUR.

Average Salary by Experience Chart

0-2 Years
12,020 EUR
2-5 Years +31%
13,960 EUR
5-10 Years +40%
19,360 EUR
10-15 Years +20%
21,980 EUR
15-20 Years +9%
26,020 EUR
20+ Years +8%
25,440 EUR

Financial Clerk Salary by Education Level in Estonia

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 Clerk in Estonia 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 Clerk in Estonia with a high school education can earn an average salary of 12,180 EUR.

  • Certificate or Diploma. A Financial Clerk in Estonia with a certificate or diploma education can earn an average salary of 15,700 EUR.

  • Bachelor's Degree. A Financial Clerk in Estonia with a bachelor's degree education can earn an average salary of 25,660 EUR.

Average Salary by Education Chart

High School
12,180 EUR
Certificate or Diploma +47%
15,700 EUR
Bachelor's Degree +53%
25,660 EUR

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 Estonia is around 13,700 to 41,000 EUR 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 Clerk 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 Estonia, a male financial clerk will earn an average of 20,300 EUR, while a female financial clerk will earn around 16,140 EUR.

This means that a male financial clerk earns approximately 26% more than a female financial clerk for performing the same job.

Average Salary by Gender Chart in Estonia

Male
20,300 EUR
Female -26%
16,140 EUR

Financial Clerk Average Pay Raise in Estonia

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 Clerk in Estonia is around 10% every 17 months.

The national average pay raise across all professions and industries in Estonia is around 8% every 18 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 = ( 10 ÷ 17 ) × 12  = 7%

What this means is that a Financial Clerk in Estonia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Estonia for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Financial Clerk Bonus and Incentive Rates in Estonia

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 Clerk is a low bonus based job, with 26% of employees reporting at least one bonus in the last 12 months.

74% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
26%
No Bonus
74%

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 Estonia earn approximately 7% more than private sector employees in the same role.

Public Sector
35,500 EUR
Private Sector -7%
33,120 EUR

Salaries for Jobs Similar to a Financial Clerk

In the table below, we have salary information for jobs that are similar to a Financial Clerk in Estonia.

Job Title Category Salary
Account Examiner Accounting and Finance 18,780 EUR
Account Executive Accounting and Finance 27,020 EUR
Accountant Accounting and Finance 22,540 EUR
Accounting Analyst Accounting and Finance 26,860 EUR
Accounting Assistant Accounting and Finance 16,720 EUR
Accounting Associate Accounting and Finance 18,260 EUR
Accounting Clerk Accounting and Finance 11,880 EUR
Accounting Coordinator Accounting and Finance 20,940 EUR
Accounting Head Accounting and Finance 47,540 EUR
Accounting Manager Accounting and Finance 48,640 EUR
Accounting Officer Accounting and Finance 15,380 EUR
Accounting Specialist Accounting and Finance 29,320 EUR
Accounting Supervisor Accounting and Finance 28,860 EUR
Accounting Technician Accounting and Finance 15,580 EUR
Accounting Unit Controller Accounting and Finance 37,380 EUR
Accounts Executive Accounting and Finance 26,100 EUR
Accounts Officer Accounting and Finance 19,640 EUR
Accounts Payable and Receivable Specialist Accounting and Finance 24,280 EUR
Accounts Payable Assistant Accounting and Finance 16,140 EUR
Accounts Payable Associate Accounting and Finance 21,100 EUR
Accounts Payable Clerk Accounting and Finance 18,260 EUR
Accounts Payable Manager Accounting and Finance 44,300 EUR
Accounts Receivable Administrator Accounting and Finance 34,540 EUR
Accounts Receivable Clerk Accounting and Finance 17,560 EUR
Accounts Receivable Financial Analyst Accounting and Finance 29,640 EUR
Accounts Receivable Manager Accounting and Finance 44,140 EUR
Accounts Receivable Team Leader Accounting and Finance 34,540 EUR
Assistant Accountant Accounting and Finance 17,540 EUR
Assistant Accounting Manager Accounting and Finance 44,180 EUR
Assistant Auditor Accounting and Finance 22,540 EUR
Assistant Corporate Controller Accounting and Finance 33,440 EUR
Assistant Finance Manager Accounting and Finance 46,040 EUR
Assistant Financial Controller Accounting and Finance 28,680 EUR
Audit Director Accounting and Finance 50,020 EUR
Audit Supervisor Accounting and Finance 44,180 EUR
Auditing Clerk Accounting and Finance 19,640 EUR
Auditing Manager Accounting and Finance 45,260 EUR
Billing Clerk Accounting and Finance 16,140 EUR
Billing Coordinator Accounting and Finance 21,100 EUR
Billing Specialist Accounting and Finance 22,660 EUR
Billing Supervisor Accounting and Finance 35,300 EUR
Bookkeeper Accounting and Finance 14,920 EUR
Bookkeeping Specialist Accounting and Finance 21,020 EUR
Budget Analyst Accounting and Finance 41,660 EUR
Budget Manager Accounting and Finance 48,140 EUR
Business Support Analyst Accounting and Finance 27,020 EUR
Capital Markets Associate Accounting and Finance 31,980 EUR
Cash Flow Analyst Accounting and Finance 34,160 EUR
Cash Management Manager Accounting and Finance 46,980 EUR
Cash Management Officer Accounting and Finance 26,080 EUR
Cashbook Clerk Accounting and Finance 17,260 EUR
Chartered Accountant Accounting and Finance 28,720 EUR
Chief Accountant Accounting and Finance 32,420 EUR
Collections Clerk Accounting and Finance 12,240 EUR
Collections Representative Accounting and Finance 20,500 EUR
Collections Specialist Accounting and Finance 24,820 EUR
Corporate Controller Accounting and Finance 36,580 EUR
Corporate Treasurer Accounting and Finance 45,560 EUR
Cost Accountant Accounting and Finance 23,380 EUR
Cost Accounting Manager Accounting and Finance 45,600 EUR
Cost Accounting Supervisor Accounting and Finance 37,620 EUR
Cost Analyst Accounting and Finance 35,340 EUR
Credit and Collection Manager Accounting and Finance 43,800 EUR
Credit and Collection Staff Accounting and Finance 16,140 EUR
Credit and Loans Officer Accounting and Finance 15,300 EUR
Credit Controller Accounting and Finance 34,080 EUR
Credit Manager Accounting and Finance 48,200 EUR
Debt Adviser Accounting and Finance 34,380 EUR
Debt Collector Accounting and Finance 20,120 EUR
Debtors Clerk Accounting and Finance 13,100 EUR
Debtors Controller Accounting and Finance 15,380 EUR
Deputy CFO Accounting and Finance 63,400 EUR
Deputy Head of Finance Accounting and Finance 60,340 EUR
Derivative Trader Accounting and Finance 36,580 EUR
Director of Finance Accounting and Finance 64,300 EUR
Economist Accounting and Finance 52,380 EUR
Equity Analyst Accounting and Finance 40,640 EUR
Escrow Assistant Accounting and Finance 18,940 EUR
Executive Accountant Accounting and Finance 25,680 EUR
External Auditor Accounting and Finance 30,220 EUR
Finance Administrator Accounting and Finance 27,020 EUR
Finance Analyst Accounting and Finance 38,700 EUR
Finance Associate Accounting and Finance 19,160 EUR
Finance Director Accounting and Finance 68,060 EUR
Finance Executive Accounting and Finance 47,760 EUR
Finance Licensing Clerk Accounting and Finance 17,540 EUR
Finance Licensing Manager Accounting and Finance 42,320 EUR
Finance Licensing Specialist Accounting and Finance 24,860 EUR
Finance Manager Accounting and Finance 60,160 EUR
Finance Officer Accounting and Finance 21,400 EUR
Finance President Accounting and Finance 66,180 EUR
Finance Relationship Manager Accounting and Finance 49,560 EUR
Finance Release Analyst Accounting and Finance 23,700 EUR
Finance Specialist Accounting and Finance 36,720 EUR
Finance Team Leader Accounting and Finance 53,120 EUR
Financial Accountant Accounting and Finance 22,540 EUR
Financial Actuary Accounting and Finance 33,980 EUR
Financial Administrator Accounting and Finance 36,800 EUR
Financial Advisor Accounting and Finance 42,320 EUR
Financial Analyst Accounting and Finance 42,040 EUR
Financial Applications Specialist Accounting and Finance 29,040 EUR
Financial Assistant Accounting and Finance 17,740 EUR
Financial Associate Accounting and Finance 18,280 EUR
Financial Associate Accounting and Finance 21,380 EUR
Financial Claims Analyst Accounting and Finance 27,020 EUR
Financial Claims Manager Accounting and Finance 40,040 EUR
Financial Claims Supervisor Accounting and Finance 38,260 EUR
Financial Commercial Analyst Accounting and Finance 31,520 EUR
Financial Compliance Analyst Accounting and Finance 39,160 EUR
Financial Consultant Accounting and Finance 31,540 EUR
Financial Controller Accounting and Finance 34,380 EUR
Financial Controller Accounting and Finance 37,200 EUR
Financial Coordinator Accounting and Finance 21,020 EUR
Financial Customer Service Manager Accounting and Finance 38,620 EUR
Financial Dealer and Broker Accounting and Finance 22,340 EUR
Financial Director Accounting and Finance 69,240 EUR
Financial Encoder Accounting and Finance 18,280 EUR
Financial Manager Accounting and Finance 58,440 EUR
Financial Manager Accounting and Finance 65,940 EUR
Financial Operations Manager Accounting and Finance 54,560 EUR
Financial Policy Analyst Accounting and Finance 35,340 EUR
Financial Project Manager Accounting and Finance 47,180 EUR
Financial Quantitative Analyst Accounting and Finance 37,880 EUR
Financial Reporting Consultant Accounting and Finance 31,380 EUR
Financial Reporting Manager Accounting and Finance 44,180 EUR
Financial Section Head Accounting and Finance 41,820 EUR
Financial Services Manager Accounting and Finance 56,640 EUR
Financial Services Sales Agent Accounting and Finance 23,660 EUR
Fixed Assets Administrator Accounting and Finance 22,420 EUR
Forensic Accountant Accounting and Finance 27,020 EUR
Fraud Detection Supervisor Accounting and Finance 27,480 EUR
Fraud Prevention Manager Accounting and Finance 46,160 EUR
Fund Accountant Accounting and Finance 21,380 EUR
Grants Coordinator Accounting and Finance 17,560 EUR
Group Financial Manager Accounting and Finance 63,040 EUR
Internal Auditor Accounting and Finance 31,340 EUR
Internal Control Adviser Accounting and Finance 36,800 EUR
Internal Control Officer Accounting and Finance 19,480 EUR
International Tax Director Accounting and Finance 53,840 EUR
Inventory Accountant Accounting and Finance 22,420 EUR
Investment Advisor Accounting and Finance 61,620 EUR
Investment Analyst Accounting and Finance 42,960 EUR
Investment Associate Accounting and Finance 39,640 EUR
Investment Broker Accounting and Finance 38,140 EUR
Investment Fund Manager Accounting and Finance 48,640 EUR
Investment Operations Manager Accounting and Finance 50,620 EUR
Investment Underwriter Accounting and Finance 20,520 EUR
Investor Accounting and Finance 28,900 EUR
Investor Relations Manager Accounting and Finance 41,820 EUR
KYC Team Leader Accounting and Finance 43,340 EUR
Loan Processor Accounting and Finance 16,980 EUR
Management Accountant Accounting and Finance 24,860 EUR
Management Economist Accounting and Finance 49,560 EUR
Paymaster Accounting and Finance 16,980 EUR
Payroll Administrator Accounting and Finance 30,700 EUR
Payroll Benefits Coordinator Accounting and Finance 25,940 EUR
Payroll Billing Manager Accounting and Finance 38,780 EUR
Payroll Clerk Accounting and Finance 18,900 EUR
Payroll Manager Accounting and Finance 44,800 EUR
Payroll Officer Accounting and Finance 20,120 EUR
Payroll Specialist Accounting and Finance 22,400 EUR
Payroll Supervisor Accounting and Finance 27,560 EUR
Pensions Administrator Accounting and Finance 21,300 EUR
Personal Financial Advisor Accounting and Finance 35,340 EUR
Pricing Analyst Accounting and Finance 40,420 EUR
Private Equity Analyst Accounting and Finance 39,800 EUR
Project Accountant Accounting and Finance 24,820 EUR
Proposal Development Coordinator Accounting and Finance 18,900 EUR
Receivables Accountant Accounting and Finance 21,400 EUR
Regulatory Accountant Accounting and Finance 24,860 EUR
Retirement Plan Analyst Accounting and Finance 36,580 EUR
Revenue Management Specialist Accounting and Finance 35,420 EUR
Revenue Recognition Analyst Accounting and Finance 42,320 EUR
Risk Management Director Accounting and Finance 52,820 EUR
Risk Management Supervisor Accounting and Finance 44,300 EUR
Staff Accountant Accounting and Finance 20,000 EUR
Tax Accountant Accounting and Finance 19,980 EUR
Tax Administrator Accounting and Finance 25,940 EUR
Tax Advisor Accounting and Finance 35,560 EUR
Tax Analyst Accounting and Finance 31,980 EUR
Tax Associate Accounting and Finance 20,120 EUR
Tax Consultant Accounting and Finance 36,800 EUR
Tax Director Accounting and Finance 51,400 EUR
Tax Examiner Accounting and Finance 24,820 EUR
Tax Manager Accounting and Finance 48,140 EUR
Tax Research Manager Accounting and Finance 43,800 EUR
Teller Accounting and Finance 13,540 EUR
Treasury Accountant Accounting and Finance 22,340 EUR
Treasury Analyst Accounting and Finance 36,580 EUR
Underwriter Accounting and Finance 14,820 EUR
Underwriting Assistant Accounting and Finance 12,580 EUR
Vice President of Finance Accounting and Finance 64,720 EUR

Salary Comparison by City

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

City Average Salary
Tallinn 17,740 EUR

Link To or Reference This Page

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

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

  • "Average Financial Clerk Salary in Estonia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-financial-clerk-salary-in-estonia/.

  • "Average Financial Clerk Salary in Estonia for 2024". World Salaries, https://worldsalaries.com/average-financial-clerk-salary-in-estonia/. Accessed 28 March, 2024

  • Average Financial Clerk Salary in Estonia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-financial-clerk-salary-in-estonia/.