Salaries

Get overall local salary trends and typical salaries by job title. Below is a brief excerpt, highlighting just one industry:  

Accounting and Finance

The country ranks among the 25 world countries with the highest minimum wage. However, Spain’s minimum wage is still much lower than in many leading European countries.  

  • The current government is planning to increase the monthly SMI to 1,000 EUR per month in the near future, as a way to narrow the salary differences with other EU economies.

  • The national average salary is 27,537 EUR per year.

  • Salaries vary significantly throughout the country too. The highest wages are found in the Basque Country, Navarra and Madrid, while the lowest salaries are found in Andalusia and Extremadura.

  • Due to the COVID-19 crisis, the average salaries of new jobs are expected to decrease between 10% and 15% in the near future, according to the Bank of Spain.

  • The nation is among the 15 countries that pay the best salaries to expatriate professionals in the world, according to the latest data by HSBC Bank.
     

Below is additional and more specific salary information by industry. All figures are expressed in EUR. Most tables include variations by years of professional experience and industry segments. The capital, Madrid, continues to offer some of the best salaries in the country in most sectors.

Accounting and finance positions (… years of professional experience)

Madrid

Barcelona

Bilbao

Seville

Valencia

Financial director (5 to 10, in SMEs)

61,500

56,500

51,500

48,500

51,000

Administration manager (2 to 5, in SMEs)

40,500

38,500

36,500

32,500

33,500

Administration manager (10+, in SMEs)

54,000

53,000

45,000

45,000

45,000

CFO (10+, big company)

165,000

137,500

120,000

102,500

105,000

Financial analyst (2 to 5, big company)

38,000

34,500

31,000

28,000

30,500

Auditor (5 to 10, big company)

41,500

39,000

37,500

31,500

31,250

Treasurer (2 to 5, big company)

32,500

28,000

26,000

24,500

24,500

Accountant (2 to 5, big company)

30,000

26,000

22,500

21,000

21,500

Credit and collection manager (10+, big company)

62,500

60,500

52,500

46,000

46,000

 

You’ll find salary information for seven professional sectors in the GoinGlobal Spain Career Guide, which is carefully prepared and regularly updated by local career experts.

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