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Accounting and Finance Average Salaries in Zimbabwe 2024

How much money does a person working in Accounting and Finance make in Zimbabwe?


Average Monthly Salary
225,000 ZWD
( 2,700,000 ZWD yearly)

LOW
90,300
ZWD
AVERAGE
225,000
ZWD
HIGH
448,000
ZWD
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 in Accounting and Finance in Zimbabwe typically earns around 225,000 ZWD. Salaries range from 90,300 ZWD (lowest average) to 448,000 ZWD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Zimbabwe exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounting and Finance
Account Examiner117,000 ZWD
Account Executive201,000 ZWD
Accountant144,000 ZWD
Accounting Analyst179,000 ZWD
Accounting Assistant118,000 ZWD
Accounting Associate107,000 ZWD
Accounting Clerk92,600 ZWD
Accounting Coordinator140,000 ZWD
Accounting Head318,000 ZWD
Accounting Manager323,000 ZWD
Accounting Officer113,000 ZWD
Accounting Specialist216,000 ZWD
Accounting Supervisor201,000 ZWD
Accounting Technician110,000 ZWD
Accounting Unit Controller255,000 ZWD
Accounts Executive192,000 ZWD
Accounts Officer118,000 ZWD
Accounts Payable and Receivable Specialist150,000 ZWD
Accounts Payable Assistant126,000 ZWD
Accounts Payable Associate141,000 ZWD
Accounts Payable Clerk118,000 ZWD
Accounts Payable Manager296,000 ZWD
Accounts Receivable Administrator235,000 ZWD
Accounts Receivable Clerk116,000 ZWD
Accounts Receivable Financial Analyst210,000 ZWD
Accounts Receivable Manager287,000 ZWD
Accounts Receivable Team Leader218,000 ZWD
Algorithmic Trading Specialist259,000 ZWD
Assistant Accountant120,000 ZWD
Assistant Accounting Manager273,000 ZWD
Assistant Auditor159,000 ZWD
Assistant Corporate Controller201,000 ZWD
Assistant Finance Manager331,000 ZWD
Assistant Financial Controller213,000 ZWD
Audit Director346,000 ZWD
Audit Supervisor274,000 ZWD
Auditing Clerk118,000 ZWD
Auditing Manager303,000 ZWD
Billing Clerk122,000 ZWD
Billing Coordinator138,000 ZWD
Billing Specialist169,000 ZWD
Billing Supervisor229,000 ZWD
Bookkeeper103,000 ZWD
Bookkeeping Specialist150,000 ZWD
Budget Analyst254,000 ZWD
Budget Manager318,000 ZWD
Business Support Analyst180,000 ZWD
Capital Markets Associate234,000 ZWD
Cash Flow Analyst220,000 ZWD
Cash Management Manager301,000 ZWD
Cash Management Officer182,000 ZWD
Cashbook Clerk104,000 ZWD
Chartered Accountant191,000 ZWD
Chief Accountant216,000 ZWD
Chief Financial Technology Officer325,000 ZWD
Collections Clerk94,800 ZWD
Collections Representative131,000 ZWD
Collections Specialist155,000 ZWD
Corporate Controller233,000 ZWD
Corporate Treasurer291,000 ZWD
Cost Accountant150,000 ZWD
Cost Accounting Manager316,000 ZWD
Cost Accounting Supervisor251,000 ZWD
Cost Analyst239,000 ZWD
Credit and Collection Manager308,000 ZWD
Credit and Collection Staff120,000 ZWD
Credit and Loans Officer113,000 ZWD
Credit Controller202,000 ZWD
Credit Manager308,000 ZWD
Debt Adviser255,000 ZWD
Debt Collector117,000 ZWD
Debtors Clerk104,000 ZWD
Debtors Controller113,000 ZWD
Deputy CFO417,000 ZWD
Deputy Head of Finance411,000 ZWD
Derivative Trader251,000 ZWD
Director of Finance465,000 ZWD
E-commerce Accountant164,000 ZWD
Economist366,000 ZWD
Equity Analyst282,000 ZWD
Escrow Assistant138,000 ZWD
Executive Accountant170,000 ZWD
External Auditor213,000 ZWD
Finance Administrator171,000 ZWD
Finance Analyst289,000 ZWD
Finance Associate133,000 ZWD
Finance Data Analyst240,000 ZWD
Finance Director471,000 ZWD
Finance Executive323,000 ZWD
Finance Licensing Clerk106,000 ZWD
Finance Licensing Manager292,000 ZWD
Finance Licensing Specialist173,000 ZWD
Finance Manager423,000 ZWD
Finance Officer146,000 ZWD
Finance President447,000 ZWD
Finance Relationship Manager366,000 ZWD
Finance Release Analyst180,000 ZWD
Finance Specialist261,000 ZWD
Finance Team Leader 350,000 ZWD
Financial Accountant152,000 ZWD
Financial Actuary234,000 ZWD
Financial Administrator254,000 ZWD
Financial Advisor270,000 ZWD
Financial Analyst279,000 ZWD
Financial Applications Specialist199,000 ZWD
Financial Assistant121,000 ZWD
Financial Associate120,000 ZWD
Financial Associate149,000 ZWD
Financial Claims Analyst211,000 ZWD
Financial Claims Manager264,000 ZWD
Financial Claims Supervisor256,000 ZWD
Financial Clerk114,000 ZWD
Financial Commercial Analyst213,000 ZWD
Financial Compliance Analyst242,000 ZWD
Financial Compliance Officer246,000 ZWD
Financial Consultant201,000 ZWD
Financial Controller249,000 ZWD
Financial Controller245,000 ZWD
Financial Coordinator146,000 ZWD
Financial Customer Service Manager283,000 ZWD
Financial Data Scientist272,000 ZWD
Financial Dealer and Broker160,000 ZWD
Financial Director433,000 ZWD
Financial Encoder129,000 ZWD
Financial Manager407,000 ZWD
Financial Manager408,000 ZWD
Financial Modelling Analyst275,000 ZWD
Financial Operations Manager380,000 ZWD
Financial Policy Analyst227,000 ZWD
Financial Project Manager328,000 ZWD
Financial Quantitative Analyst267,000 ZWD
Financial Reporting Consultant222,000 ZWD
Financial Reporting Manager280,000 ZWD
Financial Section Head293,000 ZWD
Financial Services Manager387,000 ZWD
Financial Services Sales Agent169,000 ZWD
Financial Technology Consultant251,000 ZWD
Financial Wellness Coach309,000 ZWD
FinTech Analyst271,000 ZWD
Fixed Assets Administrator155,000 ZWD
Forensic Accountant185,000 ZWD
Fraud Detection Supervisor180,000 ZWD
Fraud Prevention Manager311,000 ZWD
Fund Accountant152,000 ZWD
Grants Coordinator110,000 ZWD
Green Finance Analyst238,000 ZWD
Group Financial Manager425,000 ZWD
Internal Auditor212,000 ZWD
Internal Control Adviser230,000 ZWD
Internal Control Officer133,000 ZWD
International Tax Director359,000 ZWD
Inventory Accountant159,000 ZWD
Investment Advisor403,000 ZWD
Investment Analyst310,000 ZWD
Investment Associate257,000 ZWD
Investment Broker249,000 ZWD
Investment Fund Manager356,000 ZWD
Investment Operations Manager346,000 ZWD
Investment Underwriter128,000 ZWD
Investor190,000 ZWD
Investor Relations Manager309,000 ZWD
KYC Team Leader298,000 ZWD
Loan Processor125,000 ZWD
Management Accountant173,000 ZWD
Management Economist357,000 ZWD
Paymaster119,000 ZWD
Payroll Administrator198,000 ZWD
Payroll Benefits Coordinator168,000 ZWD
Payroll Billing Manager289,000 ZWD
Payroll Clerk137,000 ZWD
Payroll Manager271,000 ZWD
Payroll Officer130,000 ZWD
Payroll Specialist163,000 ZWD
Payroll Supervisor198,000 ZWD
Pensions Administrator162,000 ZWD
Personal Financial Advisor222,000 ZWD
Pricing Analyst246,000 ZWD
Private Equity Analyst285,000 ZWD
Project Accountant164,000 ZWD
Proposal Development Coordinator136,000 ZWD
Quantitative Trader224,000 ZWD
Receivables Accountant135,000 ZWD
Regulatory Accountant169,000 ZWD
Retirement Plan Analyst233,000 ZWD
Revenue Management Specialist253,000 ZWD
Revenue Recognition Analyst288,000 ZWD
Risk Management Director362,000 ZWD
Risk Management Supervisor311,000 ZWD
Staff Accountant146,000 ZWD
Tax Accountant142,000 ZWD
Tax Administrator172,000 ZWD
Tax Advisor230,000 ZWD
Tax Analyst240,000 ZWD
Tax Associate133,000 ZWD
Tax Consultant236,000 ZWD
Tax Director358,000 ZWD
Tax Examiner159,000 ZWD
Tax Manager303,000 ZWD
Tax Research Manager317,000 ZWD
Teller87,100 ZWD
Treasury Accountant160,000 ZWD
Treasury Analyst245,000 ZWD
Underwriter111,000 ZWD
Underwriting Assistant99,000 ZWD
Vice President of Finance400,000 ZWD


Accounting and Finance Jobs Pay Scale and Salaries in Zimbabwe

Median and salary distribution Zimbabwe Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
243,000 ZWD or more
10% of people earn
206,000 to 243,000 ZWD
20% of people earn
124,000 ZWD or less
65% of people earn
124,000 to 206,000 ZWD
Minimum Salary
90,300 ZWD
Median
213,000 ZWD
Maximum
448,000 ZWD




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 in Accounting and Finance in Zimbabwe range from 90,300 ZWD (starting average salary) to 448,000 ZWD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 213,000 ZWD, implying that half of the workforce in Zimbabwe earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Zimbabwe earn less than 167,000 ZWD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 257,000 ZWD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Zimbabwe. The analysis revealed that roughly 65% of all reported salaries fell within the range of 124,000 ZWD to 206,000 ZWD. Approximately 20% of salaries were below the 124,000 ZWD mark, while 10% ranged from 206,000 ZWD to 243,000 ZWD. Only 5% of individuals earned a gross salary of 243,000 ZWD or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Generally speaking, employees in Accounting and Finance in Zimbabwe 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.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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 degree levels across many jobs in Accounting and Finance in Zimbabwe, 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 certificate 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 Zimbabwe costs anywhere from 1,090,000 ZWD to 3,260,000 ZWD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Accounting and Finance / Zimbabwe

Salary comparison by gender Zimbabwe Accounting and Finance 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? In the field of Accounting and Finance in Zimbabwe, the average difference between the salary of male and female employees is 13%.

Male
238,000 ZWD
Female-11%
212,000 ZWD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Zimbabwe for all Careers

Salary comparison by gender monthly Zimbabwe
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Average Annual Salary Increment Percentage / Accounting and Finance / Zimbabwe

How much are annual salary increments in Zimbabwe for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in Zimbabwe 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.

Annual Salary Increment Rate Zimbabwe Accounting and Finance
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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.

Zimbabwe / All Professions

Annual Salary Increment Rate Zimbabwe
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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 Zimbabwe 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 / Accounting and Finance / Zimbabwe

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Zimbabwe Accounting and Finance
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36% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 64% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
64%
No Bonus
36%

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.

Hourly Average Wage / Accounting and Finance / Zimbabwe


1,300 ZWD per hour

The average hourly wage (pay per hour) in Accounting and Finance in Zimbabwe is 1,300 ZWD.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 in Accounting and Finance in Zimbabwe is 520 ZWD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Bulawayo227,000 ZWD
Harare238,000 ZWD

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 Zimbabwe is 25% on average across all career fields.

Private Sector
194,000 ZWD
Public Sector+25%
242,000 ZWD
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 in Accounting and Finance in Zimbabwe?

A good and competitive compensation would range anywhere between 213,000 ZWD and 257,000 ZWD. 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 jobs in Accounting and Finance in Zimbabwe ranges from 90,300 ZWD to 167,000 ZWD. 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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