Accounting and Finance Average Salaries in Sudan 2023
How much money does a person working in Accounting and Finance make in Sudan?
LOW
15,200
SDG AVERAGE
37,600
SDG HIGH
75,500
SDG
A person working in Accounting and Finance in Sudan typically earns around 37,600 SDG per month. Salaries range from 15,200 SDG (lowest average) to 75,500 SDG (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| Account Examiner | 20,100 SDG |
| Account Executive | 33,600 SDG |
| Accountant | 27,200 SDG |
| Accounting Assistant | 21,400 SDG |
| Accounting Associate | 18,900 SDG |
| Accounting Clerk | 16,200 SDG |
| Accounting Coordinator | 24,100 SDG |
| Accounting Manager | 54,300 SDG |
| Accounting Supervisor | 36,600 SDG |
| Accounting Technician | 18,400 SDG |
| Accounts Executive | 34,300 SDG |
| Accounts Payable and Receivable Specialist | 27,300 SDG |
| Accounts Payable Clerk | 19,100 SDG |
| Accounts Payable Manager | 51,000 SDG |
| Accounts Receivable Clerk | 19,300 SDG |
| Accounts Receivable Manager | 50,700 SDG |
| Assistant Accounting Manager | 48,000 SDG |
| Assistant Auditor | 27,800 SDG |
| Audit Supervisor | 48,900 SDG |
| Auditing Clerk | 21,000 SDG |
| Auditing Manager | 56,800 SDG |
| Billing Coordinator | 23,200 SDG |
| Billing Specialist | 29,400 SDG |
| Billing Supervisor | 42,400 SDG |
| Bookkeeper | 18,300 SDG |
| Bookkeeping Specialist | 25,100 SDG |
| Budget Analyst | 48,100 SDG |
| Budget Manager | 52,400 SDG |
| Business Support Analyst | 31,300 SDG |
| Capital Markets Associate | 38,700 SDG |
| Cash Flow Analyst | 38,500 SDG |
| Cash Management Officer | 29,600 SDG |
| Cashbook Clerk | 18,700 SDG |
| Chartered Accountant | 33,100 SDG |
| Collections Clerk | 16,700 SDG |
| Collections Specialist | 27,100 SDG |
| Corporate Treasurer | 50,900 SDG |
| Cost Accountant | 25,700 SDG |
| Cost Accounting Manager | 53,200 SDG |
| Cost Analyst | 42,800 SDG |
| Credit and Collection Manager | 50,800 SDG |
| Credit and Collection Staff | 19,900 SDG |
| Credit and Loans Officer | 19,500 SDG |
| Credit Controller | 35,700 SDG |
| Debt Adviser | 43,500 SDG |
| Debt Collector | 21,300 SDG |
| Debtors Clerk | 19,300 SDG |
| Deputy CFO | 70,400 SDG |
| Derivative Trader | 45,600 SDG |
| Escrow Assistant | 24,400 SDG |
| External Auditor | 38,500 SDG |
| Finance Associate | 24,100 SDG |
| Finance Executive | 58,300 SDG |
| Finance Licensing Clerk | 18,600 SDG |
| Finance Licensing Manager | 49,400 SDG |
| Finance Licensing Specialist | 28,100 SDG |
| Finance Officer | 24,700 SDG |
| Finance President | 80,200 SDG |
| Finance Relationship Manager | 59,200 SDG |
| Finance Release Analyst | 31,900 SDG |
| Finance Team Leader | 60,300 SDG |
| Financial Actuary | 39,700 SDG |
| Financial Administrator | 44,600 SDG |
| Financial Analyst | 49,000 SDG |
| Financial Applications Specialist | 33,400 SDG |
| Financial Assistant | 21,600 SDG |
| Financial Associate | 21,300 SDG |
| Financial Claims Analyst | 35,200 SDG |
| Financial Claims Manager | 46,800 SDG |
| Financial Commercial Analyst | 40,200 SDG |
| Financial Compliance Analyst | 43,200 SDG |
| Financial Consultant | 34,700 SDG |
| Financial Controller | 42,800 SDG |
| Financial Coordinator | 24,700 SDG |
| Financial Customer Service Manager | 49,900 SDG |
| Financial Dealer and Broker | 29,300 SDG |
| Financial Encoder | 22,500 SDG |
| Financial Manager | 71,300 SDG |
| Financial Operations Manager | 67,500 SDG |
| Financial Policy Analyst | 41,300 SDG |
| Financial Project Manager | 55,100 SDG |
| Financial Quantitative Analyst | 45,600 SDG |
| Financial Reporting Consultant | 40,200 SDG |
| Financial Reporting Manager | 50,900 SDG |
| Financial Services Sales Agent | 29,600 SDG |
| Fixed Assets Administrator | 27,600 SDG |
| Forensic Accountant | 29,900 SDG |
| Fraud Detection Supervisor | 33,800 SDG |
| Fraud Prevention Manager | 56,200 SDG |
| Fund Accountant | 26,500 SDG |
| Grants Coordinator | 19,500 SDG |
| Internal Auditor | 36,900 SDG |
| Internal Control Adviser | 43,100 SDG |
| Internal Control Officer | 24,000 SDG |
| Inventory Accountant | 26,900 SDG |
| Investment Analyst | 55,200 SDG |
| Investment Fund Manager | 58,200 SDG |
| Investment Underwriter | 22,300 SDG |
| Investor | 34,500 SDG |
| Investor Relations Manager | 54,000 SDG |
| KYC Team Leader | 54,100 SDG |
| Management Economist | 62,500 SDG |
| Paymaster | 22,500 SDG |
| Payroll Clerk | 22,800 SDG |
| Payroll Manager | 48,200 SDG |
| Pensions Administrator | 28,400 SDG |
| Pricing Analyst | 43,700 SDG |
| Private Equity Analyst | 48,200 SDG |
| Proposal Development Coordinator | 23,900 SDG |
| Receivables Accountant | 23,700 SDG |
| Regulatory Accountant | 29,700 SDG |
| Retirement Plan Analyst | 43,700 SDG |
| Revenue Management Specialist | 45,700 SDG |
| Revenue Recognition Analyst | 47,700 SDG |
| Risk Management Director | 64,900 SDG |
| Risk Management Supervisor | 53,700 SDG |
| Tax Accountant | 26,200 SDG |
| Tax Advisor | 39,700 SDG |
| Tax Associate | 23,600 SDG |
| Tax Manager | 55,700 SDG |
| Teller | 16,400 SDG |
| Treasury Accountant | 27,900 SDG |
| Treasury Analyst | 43,200 SDG |
| Underwriter | 18,800 SDG |
| Underwriting Assistant | 17,700 SDG |
| Vice President of Finance | 75,200 SDG |
Accounting and Finance Jobs Salary Distribution in Sudan
The median, the maximum, the minimum, and the range
Salary Range
Accounting and Finance salaries in Sudan range from 15,200 SDG per month (minimum average salary) to 75,500 SDG per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 34,600 SDG per month, which means that half (50%) of people working in Accounting and Finance are earning less than 34,600 SDG while the other half are earning more than 34,600 SDG. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Accounting and Finance are earning less than 22,400 SDG while 75% of them are earning more than 22,400 SDG. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 50,600 SDG while 25% are earning more than 50,600 SDG.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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
Salary Comparison by Years of Experience
How does a person's salary progress over time?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
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 Sudan costs anywhere from 182,000 Sudanese Pound(s) to 547,000 Sudanese Pound(s) 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 into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Accounting and Finance Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Sudan who work in Accounting and Finance earn 10% more than their female counterparts on average.
| Male | 39,000 SDG | |
| Female | -9% | 35,400 SDG |
Salary Comparison By Gender in Sudan for all Careers
Accounting and Finance Average Annual Salary Increment Percentage in Sudan
How much are annual salary increments in Sudan for Accounting and Finance professionals? How often do employees get salary raises?
Accounting and Finance
Accounting and Finance professionals in Sudan are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Sudan / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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
Annual Increment Rate By Industry 2022
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Sudan for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Accounting and Finance Bonus and Incentive Rates in Sudan
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/sudan/accounting-and-finance/annual-salary-bonus-rate-sudan-accounting-and-finance.jpg
Accounting and Finance is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
44% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.
| Received Bonus | 56% | |
| No Bonus | 44% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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.
Accounting and Finance Hourly Average Wage in Sudan
220 SDG per hourThe average hourly wage (pay per hour) in Sudan is 220 SDG. This means that the average person in Sudan earns approximately 220 SDG for every worked hour.
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 fix 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.
Accounting and Finance VS Other Jobs
The average salary for Accounting and Finance is 3% more than that of All Jobs.
Salary Comparison By City
| City | Average Salary |
| Al Khartoom | 44,800 SDG |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Sudan earn 10% more than their private sector counterparts on average across all sectors.
| Private Sector | 35,400 SDG | |
| Public Sector | +10% | 39,000 SDG |
