Average Inventory Accountant Salary in Palestine for 2024

In this article, we will look at the average Inventory Accountant salary for 2024 in Palestine 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 Egyptian pound. To keep things simple, we are using the EGP currency code instead of the currency symbol E£.

How Much Does an Inventory Accountant Make in Palestine?

An Inventory Accountant working in Palestine will typically earn around 14,920 EGP per year, and this can range from the lowest average salary of about 6,760 EGP to the highest average salary of 21,300 EGP.

Average Annual Salary
14,920 EGP
Average Monthly Salary
1,243 EGP

Lowest Annual Salary
6,760 EGP
Lowest Monthly Salary
563 EGP

Highest Annual Salary
21,300 EGP
Highest Monthly Salary
1,775 EGP

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

Inventory Accountant 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 Inventory Accountant Salaries in Palestine

So we've looked at the average salaries an Inventory Accountant will earn in Palestine. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Inventory Accountant can earn between 6,760 EGP and 21,300 EGP on average in Palestine. 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 Inventory Accountant in Palestine is 17,020 EGP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 17,020 EGP, and 50% of the population earn more than 17,020 EGP.

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 Inventory Accountant salary in Palestine, 25% of the population are earning less than 9,460 EGP while 75% of the population earn more than 9,460 EGP.

75% of the population earn less than 19,480 EGP, and 25% of the population earn more than 19,480 EGP.

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.

Inventory Accountant Salary by Experience Level in Palestine

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 inventory accountant 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 Inventory Accountant in Palestine that has less than two years of experience can expect to earn somewhere in the region of 8,960 EGP.
  • 2 - 5 Years Experience. With two to five years of experience the average Inventory Accountant salary would increase to 12,520 EGP.
  • 5 - 10 Years Experience. From five to ten years of experience as an Inventory Accountant, the average salary would be 14,540 EGP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 20,120 EGP.
  • 15 - 20 Years Experience. An Inventory Accountant with 15 to 20 years of experience can earn an average of 20,520 EGP.
  • 20+ Years Experience. For an Inventory Accountant with more than 20 years, the expected average salary increases to 23,520 EGP.

Average Salary by Experience Chart

0-2 Years
8,960 EGP
2-5 Years +42%
12,520 EGP
5-10 Years +31%
14,540 EGP
10-15 Years +23%
20,120 EGP
15-20 Years +6%
20,520 EGP
20+ Years +10%
23,520 EGP

Inventory Accountant Salary by Education Level in Palestine

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

  • High School. An Inventory Accountant in Palestine with a high school education can earn an average salary of 11,300 EGP.

  • Certificate or Diploma. An Inventory Accountant in Palestine with a certificate or diploma education can earn an average salary of 13,660 EGP.

  • Bachelor's Degree. An Inventory Accountant in Palestine with a bachelor's degree education can earn an average salary of 17,560 EGP.

  • Master's Degree. An Inventory Accountant in Palestine with a master's degree education can earn an average salary of 21,020 EGP.

Average Salary by Education Chart

High School
11,300 EGP
Certificate or Diploma +16%
13,660 EGP
Bachelor's Degree +46%
17,560 EGP
Master's Degree +23%
21,020 EGP

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 Palestine is around 8,540 to 25,600 EGP 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.

Inventory Accountant 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 Palestine, a male inventory accountant will earn an average of 17,260 EGP, while a female inventory accountant will earn around 13,560 EGP.

This means that a male inventory accountant earns approximately 27% more than a female inventory accountant for performing the same job.

Average Salary by Gender Chart in Palestine

Male
17,260 EGP
Female -27%
13,560 EGP

Inventory Accountant Average Pay Raise in Palestine

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 Inventory Accountant in Palestine is around 8% every 27 months.

The national average pay raise across all professions and industries in Palestine is around 5% every 28 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 ÷ 27 ) × 12  = 4%

What this means is that an Inventory Accountant in Palestine can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Palestine for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Inventory Accountant Bonus and Incentive Rates in Palestine

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 Inventory Accountant is a low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.

61% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
39%
No Bonus
61%

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 Palestine earn approximately 2% more than private sector employees in the same role.

Public Sector
20,760 EGP
Private Sector -2%
20,300 EGP

Salaries for Jobs Similar to an Inventory Accountant

In the table below, we have salary information for jobs that are similar to an Inventory Accountant in Palestine.

Job Title Category Salary
Account Examiner Accounting and Finance 9,980 EGP
Account Executive Accounting and Finance 15,920 EGP
Accountant Accounting and Finance 12,240 EGP
Accounting Analyst Accounting and Finance 16,140 EGP
Accounting Assistant Accounting and Finance 8,880 EGP
Accounting Associate Accounting and Finance 9,140 EGP
Accounting Clerk Accounting and Finance 9,020 EGP
Accounting Coordinator Accounting and Finance 12,620 EGP
Accounting Head Accounting and Finance 27,620 EGP
Accounting Manager Accounting and Finance 31,080 EGP
Accounting Officer Accounting and Finance 12,020 EGP
Accounting Specialist Accounting and Finance 21,540 EGP
Accounting Supervisor Accounting and Finance 18,940 EGP
Accounting Technician Accounting and Finance 7,820 EGP
Accounting Unit Controller Accounting and Finance 22,660 EGP
Accounts Executive Accounting and Finance 18,780 EGP
Accounts Officer Accounting and Finance 12,760 EGP
Accounts Payable and Receivable Specialist Accounting and Finance 12,620 EGP
Accounts Payable Assistant Accounting and Finance 10,080 EGP
Accounts Payable Associate Accounting and Finance 14,620 EGP
Accounts Payable Clerk Accounting and Finance 12,020 EGP
Accounts Payable Manager Accounting and Finance 27,480 EGP
Accounts Receivable Administrator Accounting and Finance 20,520 EGP
Accounts Receivable Clerk Accounting and Finance 8,880 EGP
Accounts Receivable Financial Analyst Accounting and Finance 19,060 EGP
Accounts Receivable Manager Accounting and Finance 26,780 EGP
Accounts Receivable Team Leader Accounting and Finance 21,400 EGP
Assistant Accountant Accounting and Finance 10,080 EGP
Assistant Accounting Manager Accounting and Finance 26,500 EGP
Assistant Auditor Accounting and Finance 12,000 EGP
Assistant Corporate Controller Accounting and Finance 19,020 EGP
Assistant Finance Manager Accounting and Finance 29,840 EGP
Assistant Financial Controller Accounting and Finance 20,520 EGP
Audit Director Accounting and Finance 34,540 EGP
Audit Supervisor Accounting and Finance 27,040 EGP
Auditing Clerk Accounting and Finance 12,760 EGP
Auditing Manager Accounting and Finance 27,480 EGP
Billing Clerk Accounting and Finance 9,740 EGP
Billing Coordinator Accounting and Finance 14,620 EGP
Billing Specialist Accounting and Finance 15,880 EGP
Billing Supervisor Accounting and Finance 21,400 EGP
Bookkeeper Accounting and Finance 8,100 EGP
Bookkeeping Specialist Accounting and Finance 14,620 EGP
Budget Analyst Accounting and Finance 23,260 EGP
Budget Manager Accounting and Finance 26,400 EGP
Business Support Analyst Accounting and Finance 17,100 EGP
Capital Markets Associate Accounting and Finance 23,400 EGP
Cash Flow Analyst Accounting and Finance 23,380 EGP
Cash Management Manager Accounting and Finance 28,660 EGP
Cash Management Officer Accounting and Finance 14,820 EGP
Cashbook Clerk Accounting and Finance 9,140 EGP
Chartered Accountant Accounting and Finance 20,300 EGP
Chief Accountant Accounting and Finance 21,100 EGP
Collections Clerk Accounting and Finance 7,080 EGP
Collections Representative Accounting and Finance 12,200 EGP
Collections Specialist Accounting and Finance 12,620 EGP
Corporate Controller Accounting and Finance 20,000 EGP
Corporate Treasurer Accounting and Finance 27,040 EGP
Cost Accountant Accounting and Finance 13,560 EGP
Cost Accounting Manager Accounting and Finance 27,020 EGP
Cost Accounting Supervisor Accounting and Finance 22,420 EGP
Cost Analyst Accounting and Finance 22,540 EGP
Credit and Collection Manager Accounting and Finance 26,660 EGP
Credit and Collection Staff Accounting and Finance 10,220 EGP
Credit and Loans Officer Accounting and Finance 9,140 EGP
Credit Controller Accounting and Finance 19,480 EGP
Credit Manager Accounting and Finance 29,640 EGP
Debt Adviser Accounting and Finance 23,080 EGP
Debt Collector Accounting and Finance 12,520 EGP
Debtors Clerk Accounting and Finance 11,300 EGP
Debtors Controller Accounting and Finance 12,020 EGP
Deputy CFO Accounting and Finance 39,960 EGP
Deputy Head of Finance Accounting and Finance 39,560 EGP
Derivative Trader Accounting and Finance 23,140 EGP
Director of Finance Accounting and Finance 43,080 EGP
Economist Accounting and Finance 32,960 EGP
Equity Analyst Accounting and Finance 23,700 EGP
Escrow Assistant Accounting and Finance 10,980 EGP
Executive Accountant Accounting and Finance 17,100 EGP
External Auditor Accounting and Finance 20,940 EGP
Finance Administrator Accounting and Finance 18,780 EGP
Finance Analyst Accounting and Finance 25,720 EGP
Finance Associate Accounting and Finance 10,980 EGP
Finance Director Accounting and Finance 41,900 EGP
Finance Executive Accounting and Finance 29,600 EGP
Finance Licensing Clerk Accounting and Finance 9,740 EGP
Finance Licensing Manager Accounting and Finance 25,440 EGP
Finance Licensing Specialist Accounting and Finance 14,840 EGP
Finance Manager Accounting and Finance 42,400 EGP
Finance Officer Accounting and Finance 14,620 EGP
Finance President Accounting and Finance 39,420 EGP
Finance Relationship Manager Accounting and Finance 31,520 EGP
Finance Release Analyst Accounting and Finance 15,300 EGP
Finance Specialist Accounting and Finance 22,340 EGP
Finance Team Leader Accounting and Finance 31,660 EGP
Financial Accountant Accounting and Finance 12,000 EGP
Financial Actuary Accounting and Finance 21,400 EGP
Financial Administrator Accounting and Finance 23,140 EGP
Financial Advisor Accounting and Finance 25,680 EGP
Financial Analyst Accounting and Finance 27,380 EGP
Financial Applications Specialist Accounting and Finance 16,980 EGP
Financial Assistant Accounting and Finance 12,520 EGP
Financial Associate Accounting and Finance 12,240 EGP
Financial Associate Accounting and Finance 12,300 EGP
Financial Claims Analyst Accounting and Finance 18,280 EGP
Financial Claims Manager Accounting and Finance 23,260 EGP
Financial Claims Supervisor Accounting and Finance 25,220 EGP
Financial Clerk Accounting and Finance 12,020 EGP
Financial Commercial Analyst Accounting and Finance 19,060 EGP
Financial Compliance Analyst Accounting and Finance 24,840 EGP
Financial Consultant Accounting and Finance 19,860 EGP
Financial Controller Accounting and Finance 20,460 EGP
Financial Controller Accounting and Finance 23,400 EGP
Financial Coordinator Accounting and Finance 13,900 EGP
Financial Customer Service Manager Accounting and Finance 27,380 EGP
Financial Dealer and Broker Accounting and Finance 15,760 EGP
Financial Director Accounting and Finance 42,040 EGP
Financial Encoder Accounting and Finance 13,660 EGP
Financial Manager Accounting and Finance 37,380 EGP
Financial Manager Accounting and Finance 41,980 EGP
Financial Operations Manager Accounting and Finance 35,420 EGP
Financial Policy Analyst Accounting and Finance 20,000 EGP
Financial Project Manager Accounting and Finance 30,700 EGP
Financial Quantitative Analyst Accounting and Finance 26,020 EGP
Financial Reporting Consultant Accounting and Finance 21,100 EGP
Financial Reporting Manager Accounting and Finance 25,720 EGP
Financial Section Head Accounting and Finance 26,080 EGP
Financial Services Manager Accounting and Finance 34,360 EGP
Financial Services Sales Agent Accounting and Finance 15,880 EGP
Fixed Assets Administrator Accounting and Finance 14,540 EGP
Forensic Accountant Accounting and Finance 17,540 EGP
Fraud Detection Supervisor Accounting and Finance 15,380 EGP
Fraud Prevention Manager Accounting and Finance 29,320 EGP
Fund Accountant Accounting and Finance 14,540 EGP
Grants Coordinator Accounting and Finance 11,300 EGP
Group Financial Manager Accounting and Finance 40,640 EGP
Internal Auditor Accounting and Finance 19,360 EGP
Internal Control Adviser Accounting and Finance 21,560 EGP
Internal Control Officer Accounting and Finance 13,700 EGP
International Tax Director Accounting and Finance 34,540 EGP
Investment Advisor Accounting and Finance 37,740 EGP
Investment Analyst Accounting and Finance 26,860 EGP
Investment Associate Accounting and Finance 24,840 EGP
Investment Broker Accounting and Finance 24,820 EGP
Investment Fund Manager Accounting and Finance 33,960 EGP
Investment Operations Manager Accounting and Finance 32,020 EGP
Investment Underwriter Accounting and Finance 12,620 EGP
Investor Accounting and Finance 19,200 EGP
Investor Relations Manager Accounting and Finance 28,820 EGP
KYC Team Leader Accounting and Finance 26,780 EGP
Loan Processor Accounting and Finance 12,200 EGP
Management Accountant Accounting and Finance 16,880 EGP
Management Economist Accounting and Finance 32,620 EGP
Paymaster Accounting and Finance 9,940 EGP
Payroll Administrator Accounting and Finance 19,360 EGP
Payroll Benefits Coordinator Accounting and Finance 14,140 EGP
Payroll Billing Manager Accounting and Finance 27,020 EGP
Payroll Clerk Accounting and Finance 12,620 EGP
Payroll Manager Accounting and Finance 24,800 EGP
Payroll Officer Accounting and Finance 13,540 EGP
Payroll Specialist Accounting and Finance 15,880 EGP
Payroll Supervisor Accounting and Finance 17,760 EGP
Pensions Administrator Accounting and Finance 12,580 EGP
Personal Financial Advisor Accounting and Finance 19,160 EGP
Pricing Analyst Accounting and Finance 22,420 EGP
Private Equity Analyst Accounting and Finance 26,020 EGP
Project Accountant Accounting and Finance 14,660 EGP
Proposal Development Coordinator Accounting and Finance 12,200 EGP
Receivables Accountant Accounting and Finance 14,620 EGP
Regulatory Accountant Accounting and Finance 17,100 EGP
Retirement Plan Analyst Accounting and Finance 20,000 EGP
Revenue Management Specialist Accounting and Finance 22,400 EGP
Revenue Recognition Analyst Accounting and Finance 26,780 EGP
Risk Management Director Accounting and Finance 34,240 EGP
Risk Management Supervisor Accounting and Finance 27,480 EGP
Staff Accountant Accounting and Finance 13,900 EGP
Tax Accountant Accounting and Finance 11,360 EGP
Tax Administrator Accounting and Finance 14,660 EGP
Tax Advisor Accounting and Finance 22,420 EGP
Tax Analyst Accounting and Finance 20,000 EGP
Tax Associate Accounting and Finance 10,980 EGP
Tax Consultant Accounting and Finance 23,520 EGP
Tax Director Accounting and Finance 32,420 EGP
Tax Examiner Accounting and Finance 14,660 EGP
Tax Manager Accounting and Finance 27,560 EGP
Tax Research Manager Accounting and Finance 26,400 EGP
Teller Accounting and Finance 9,360 EGP
Treasury Accountant Accounting and Finance 14,660 EGP
Treasury Analyst Accounting and Finance 22,420 EGP
Underwriter Accounting and Finance 11,300 EGP
Underwriting Assistant Accounting and Finance 9,440 EGP
Vice President of Finance Accounting and Finance 36,700 EGP

Salary Comparison by City

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

City Average Salary
Diffah 15,760 EGP
Gazza 14,920 EGP
Jerusalim 15,880 EGP
Ramallah 13,900 EGP

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