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Financial Reporting Consultant Average Salary in Namibia 2024

How much money does a person working as Financial Reporting Consultant make in Namibia?


Average Monthly Salary
17,200 NAD
( 206,000 NAD yearly)

LOW
8,070
NAD
AVERAGE
17,200
NAD
HIGH
27,100
NAD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Financial Reporting Consultant in Namibia typically earns around 17,200 NAD. Salaries range from 8,070 NAD (lowest) to 27,100 NAD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Financial Reporting Consultant salaries in Namibia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Financial Reporting Consultant Pay Scale and Salaries in Namibia

Median and salary distribution Namibia Financial Reporting Consultant monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
16,200 NAD or more
10% of people earn
14,200 to 16,200 NAD
20% of people earn
9,890 NAD or less
65% of people earn
9,890 to 14,200 NAD
Minimum Salary
8,070 NAD
Median
16,300 NAD
Maximum
27,100 NAD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Financial Reporting Consultant in Namibia range from 8,070 NAD (starting salary) to 27,100 NAD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 16,300 NAD, half of the professionals who work as Financial Reporting Consultant in Namibia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Financial Reporting Consultant in Namibia earn less than 13,200 NAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 18,700 NAD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Financial Reporting Consultant in Namibia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 9,890 NAD to 14,200 NAD. About 20% of salaries are below the 9,890 NAD mark, while 10% fall within the range of 14,200 NAD to 16,200 NAD. Only 5% of individuals have salaries exceeding 16,200 NAD.

Salary Comparison by Years of Experience / Financial Reporting Consultant / Namibia

How do experience and age affect pay?

0 - 2 Years
9,310 NAD
2 - 5 Years+38%
12,800 NAD
5 - 10 Years+42%
18,300 NAD
10 - 15 Years+22%
22,300 NAD
15 - 20 Years+6%
23,500 NAD
20+ Years+9%
25,600 NAD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Namibia Financial Reporting Consultant
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Financial Reporting Consultant and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 9,310 NAD.

While someone with an experience level between two and five years is expected to earn 12,800 NAD, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 18,300 NAD, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 22,300 NAD, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 23,500 NAD, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 25,600 NAD, 9% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Financial Reporting Consultant / Namibia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Financial Reporting Consultant.

High School
11,500 NAD
Certificate or Diploma+17%
13,400 NAD
Bachelor's Degree+45%
19,500 NAD
Master's Degree+31%
25,600 NAD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Namibia Financial Reporting Consultant
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Financial Reporting Consultant in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 11,500 NAD.


Level 2: Certificate or Diploma

At this level, the average salary becomes 13,400 NAD, 17% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 19,500 NAD, 45% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 25,600 NAD, 31% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Namibia costs anywhere from 87,600 NAD to 263,000 NAD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Financial Reporting Consultant / Namibia

Salary comparison by gender Namibia Financial Reporting Consultant monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Financial Reporting Consultant in Namibia, the average difference between the salary of male and female employees is 9%.

Male
18,000 NAD
Female-8%
16,500 NAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Namibia for all Careers

Salary comparison by gender monthly Namibia
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Average Annual Salary Increment Percentage / Financial Reporting Consultant / Namibia

How much are annual salary increments in Namibia for individuals working as Financial Reporting Consultant? How often do employees get salary raises?

Individuals working as Financial Reporting Consultant in Namibia are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Namibia Financial Reporting Consultant
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Namibia / All Professions

Annual Salary Increment Rate Namibia
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Namibia is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Financial Reporting Consultant / Namibia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Namibia Financial Reporting Consultant
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60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
40%
No Bonus
60%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Financial Reporting Consultant / Namibia


99 NAD per hour

The average hourly wage (pay per hour) for individuals working as Financial Reporting Consultant in Namibia is 99 NAD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Financial Reporting Consultant in Namibia is 47 NAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner9,260 NAD-46%
Account Executive16,100 NAD-6%
Accountant11,400 NAD-34%
Accounting Analyst15,000 NAD-13%
Accounting Assistant9,370 NAD-45%
Accounting Associate9,050 NAD-47%
Accounting Clerk7,410 NAD-57%
Accounting Coordinator11,100 NAD-35%
Accounting Head25,500 NAD+48%
Accounting Manager26,000 NAD+51%
Accounting Officer9,480 NAD-45%
Accounting Specialist16,500 NAD-4%
Accounting Supervisor17,300 NAD+1%
Accounting Technician8,610 NAD-50%
Accounting Unit Controller21,400 NAD+25%
Accounts Executive15,100 NAD-12%
Accounts Officer10,000 NAD-42%
Accounts Payable and Receivable Specialist12,200 NAD-29%
Accounts Payable Assistant9,480 NAD-45%
Accounts Payable Associate10,900 NAD-37%
Accounts Payable Clerk9,530 NAD-45%
Accounts Payable Manager24,100 NAD+40%
Accounts Receivable Administrator18,300 NAD+7%
Accounts Receivable Clerk9,510 NAD-45%
Accounts Receivable Financial Analyst17,100 NAD-0%
Accounts Receivable Manager23,700 NAD+38%
Accounts Receivable Team Leader17,900 NAD+4%
Algorithmic Trading Specialist21,100 NAD+23%
Assistant Accountant9,800 NAD-43%
Assistant Accounting Manager23,100 NAD+34%
Assistant Auditor12,100 NAD-30%
Assistant Corporate Controller16,300 NAD-5%
Assistant Finance Manager24,900 NAD+45%
Assistant Financial Controller17,200 NAD+0%
Audit Director29,200 NAD+70%
Audit Supervisor23,200 NAD+35%
Auditing Clerk10,000 NAD-42%
Auditing Manager26,400 NAD+54%
Billing Clerk9,550 NAD-44%
Billing Coordinator10,800 NAD-37%
Billing Specialist12,500 NAD-27%
Billing Supervisor18,400 NAD+7%
Bookkeeper8,310 NAD-52%
Bookkeeping Specialist11,700 NAD-32%
Budget Analyst20,600 NAD+20%
Budget Manager26,000 NAD+51%
Business Support Analyst13,700 NAD-20%
Capital Markets Associate18,200 NAD+6%
Cash Flow Analyst18,100 NAD+5%
Cash Management Manager24,800 NAD+44%
Cash Management Officer13,700 NAD-20%
Cashbook Clerk8,430 NAD-51%
Chartered Accountant16,000 NAD-7%
Chief Accountant18,800 NAD+9%
Chief Financial Technology Officer24,400 NAD+42%
Collections Clerk7,220 NAD-58%
Collections Representative10,500 NAD-39%
Collections Specialist12,100 NAD-30%
Corporate Controller18,800 NAD+9%
Corporate Treasurer22,700 NAD+32%
Cost Accountant12,500 NAD-27%
Cost Accounting Manager24,800 NAD+44%
Cost Accounting Supervisor20,600 NAD+20%
Cost Analyst18,900 NAD+10%
Credit and Collection Manager25,200 NAD+47%
Credit and Collection Staff9,790 NAD-43%
Credit and Loans Officer9,000 NAD-48%
Credit Controller17,500 NAD+2%
Credit Manager24,600 NAD+43%
Debt Adviser21,200 NAD+23%
Debt Collector9,810 NAD-43%
Debtors Clerk8,790 NAD-49%
Debtors Controller9,480 NAD-45%
Deputy CFO34,500 NAD+100%
Deputy Head of Finance34,400 NAD+100%
Derivative Trader21,500 NAD+25%
Director of Finance37,800 NAD+120%
E-commerce Accountant12,400 NAD-28%
Economist28,300 NAD+65%
Equity Analyst22,400 NAD+30%
Escrow Assistant11,100 NAD-35%
Executive Accountant13,700 NAD-20%
External Auditor16,900 NAD-2%
Finance Administrator14,200 NAD-17%
Finance Analyst22,900 NAD+33%
Finance Associate11,100 NAD-35%
Finance Data Analyst19,700 NAD+15%
Finance Director35,800 NAD+110%
Finance Executive25,600 NAD+49%
Finance Licensing Clerk8,910 NAD-48%
Finance Licensing Manager22,400 NAD+30%
Finance Licensing Specialist13,300 NAD-23%
Finance Manager35,700 NAD+110%
Finance Officer11,200 NAD-35%
Finance President37,100 NAD+120%
Finance Relationship Manager28,900 NAD+68%
Finance Release Analyst14,500 NAD-16%
Finance Specialist20,100 NAD+17%
Finance Team Leader 27,800 NAD+62%
Financial Accountant12,700 NAD-26%
Financial Actuary18,400 NAD+7%
Financial Administrator20,900 NAD+22%
Financial Advisor23,100 NAD+34%
Financial Analyst21,800 NAD+27%
Financial Applications Specialist15,200 NAD-12%
Financial Assistant10,300 NAD-40%
Financial Associate9,410 NAD-45%
Financial Claims Analyst16,100 NAD-6%
Financial Claims Manager22,400 NAD+30%
Financial Claims Supervisor19,700 NAD+15%
Financial Clerk8,920 NAD-48%
Financial Commercial Analyst16,800 NAD-2%
Financial Compliance Analyst20,500 NAD+19%
Financial Compliance Officer20,200 NAD+18%
Financial Consultant16,800 NAD-2%
Financial Controller19,500 NAD+14%
Financial Coordinator11,800 NAD-31%
Financial Customer Service Manager22,700 NAD+32%
Financial Data Scientist22,600 NAD+32%
Financial Dealer and Broker13,800 NAD-20%
Financial Director35,400 NAD+110%
Financial Encoder10,800 NAD-37%
Financial Manager32,600 NAD+90%
Financial Modelling Analyst22,900 NAD+33%
Financial Operations Manager30,600 NAD+78%
Financial Policy Analyst18,000 NAD+5%
Financial Project Manager25,700 NAD+50%
Financial Quantitative Analyst21,100 NAD+23%
Financial Reporting Consultant17,200 NAD+0%
Financial Reporting Manager22,200 NAD+29%
Financial Section Head23,100 NAD+34%
Financial Services Manager32,500 NAD+89%
Financial Services Sales Agent13,500 NAD-21%
Financial Technology Consultant19,100 NAD+11%
Financial Wellness Coach26,100 NAD+52%
FinTech Analyst20,800 NAD+21%
Fixed Assets Administrator12,500 NAD-27%
Forensic Accountant14,600 NAD-15%
Fraud Detection Supervisor14,500 NAD-16%
Fraud Prevention Manager25,300 NAD+47%
Fund Accountant11,300 NAD-34%
Grants Coordinator9,310 NAD-46%
Green Finance Analyst18,400 NAD+7%
Group Financial Manager33,900 NAD+97%
Internal Auditor16,900 NAD-2%
Internal Control Adviser18,600 NAD+8%
Internal Control Officer10,800 NAD-37%
International Tax Director29,900 NAD+74%
Inventory Accountant12,200 NAD-29%
Investment Advisor33,100 NAD+93%
Investment Analyst23,200 NAD+35%
Investment Associate20,200 NAD+18%
Investment Broker20,700 NAD+21%
Investment Fund Manager28,200 NAD+64%
Investment Operations Manager26,200 NAD+53%
Investment Underwriter10,200 NAD-41%
Investor15,100 NAD-12%
Investor Relations Manager24,700 NAD+44%
KYC Team Leader23,700 NAD+38%
Loan Processor9,830 NAD-43%
Management Accountant13,700 NAD-20%
Management Economist28,600 NAD+67%
Paymaster9,400 NAD-45%
Payroll Administrator15,400 NAD-10%
Payroll Benefits Coordinator13,500 NAD-21%
Payroll Billing Manager23,400 NAD+36%
Payroll Clerk10,700 NAD-38%
Payroll Manager21,300 NAD+24%
Payroll Officer10,600 NAD-38%
Payroll Specialist13,300 NAD-23%
Payroll Supervisor15,600 NAD-9%
Pensions Administrator13,000 NAD-24%
Personal Financial Advisor17,600 NAD+2%
Pricing Analyst19,300 NAD+12%
Private Equity Analyst21,900 NAD+28%
Project Accountant13,000 NAD-24%
Proposal Development Coordinator10,900 NAD-37%
Quantitative Trader18,300 NAD+7%
Receivables Accountant11,400 NAD-34%
Regulatory Accountant13,200 NAD-23%
Retirement Plan Analyst18,800 NAD+9%
Revenue Management Specialist20,600 NAD+20%
Revenue Recognition Analyst23,000 NAD+34%
Risk Management Director29,300 NAD+71%
Risk Management Supervisor25,300 NAD+47%
Staff Accountant11,500 NAD-33%
Tax Accountant11,400 NAD-34%
Tax Administrator12,900 NAD-25%
Tax Advisor19,200 NAD+12%
Tax Analyst18,200 NAD+6%
Tax Associate10,700 NAD-38%
Tax Consultant20,000 NAD+16%
Tax Director27,600 NAD+61%
Tax Examiner12,400 NAD-28%
Tax Manager24,800 NAD+44%
Tax Research Manager26,100 NAD+52%
Teller7,230 NAD-58%
Treasury Accountant12,800 NAD-25%
Treasury Analyst20,200 NAD+18%
Underwriter8,750 NAD-49%
Underwriting Assistant7,810 NAD-55%
Vice President of Finance32,400 NAD+89%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Namibia is 7% on average across all career fields.

Private Sector
16,800 NAD
Public Sector+7%
18,000 NAD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Financial Reporting Consultant in Namibia?

A good and competitive compensation would range anywhere between 16,300 NAD and 18,700 NAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Financial Reporting Consultant in Namibia ranges from 8,070 NAD to 13,200 NAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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