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Finance President Average Salary in Zimbabwe 2024

How much money does a person working as Finance President make in Zimbabwe?


Average Monthly Salary
447,000 ZWD
( 5,360,000 ZWD yearly)

LOW
205,000
ZWD
AVERAGE
447,000
ZWD
HIGH
710,000
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 as Finance President in Zimbabwe typically earns around 447,000 ZWD. Salaries range from 205,000 ZWD (lowest) to 710,000 ZWD (highest).


Salary Variance

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



Finance President Pay Scale and Salaries in Zimbabwe

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

5% of people earn
424,000 ZWD or more
10% of people earn
371,000 to 424,000 ZWD
20% of people earn
256,000 ZWD or less
65% of people earn
256,000 to 371,000 ZWD
Minimum Salary
205,000 ZWD
Median
427,000 ZWD
Maximum
710,000 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 for the position Finance President in Zimbabwe range from 205,000 ZWD (starting salary) to 710,000 ZWD (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 427,000 ZWD, half of the professionals who work as Finance President in Zimbabwe 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 Finance President in Zimbabwe earn less than 344,000 ZWD, while 75% earn more. Similarly, the chart shows that 75% earn less than 492,000 ZWD 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 Finance President in Zimbabwe compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 256,000 ZWD to 371,000 ZWD. About 20% of salaries are below the 256,000 ZWD mark, while 10% fall within the range of 371,000 ZWD to 424,000 ZWD. Only 5% of individuals have salaries exceeding 424,000 ZWD.

Salary Comparison by Years of Experience / Finance President / Zimbabwe

How do experience and age affect pay?

0 - 2 Years
233,000 ZWD
2 - 5 Years+34%
311,000 ZWD
5 - 10 Years+48%
460,000 ZWD
10 - 15 Years+22%
561,000 ZWD
15 - 20 Years+9%
612,000 ZWD
20+ Years+8%
662,000 ZWD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Zimbabwe Finance President
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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 Finance President 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 233,000 ZWD.

While someone with an experience level between two and five years is expected to earn 311,000 ZWD, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 460,000 ZWD, 48% 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 561,000 ZWD, 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 612,000 ZWD, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 662,000 ZWD, 8% 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 / Finance President / Zimbabwe

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Finance President.

Certificate or Diploma
286,000 ZWD
Bachelor's Degree+18%
337,000 ZWD
Master's Degree+45%
488,000 ZWD
PhD+31%
639,000 ZWD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Zimbabwe Finance President
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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 Finance President in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 286,000 ZWD.


Level 2: Bachelor's Degree

At this level, the average salary becomes 337,000 ZWD, 18% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 488,000 ZWD, 45% more than the previous level.


Level 4: PhD

At this level, the average salary becomes 639,000 ZWD, 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 Zimbabwe costs anywhere from 1,090,000 ZWD to 3,260,000 ZWD 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 / Finance President / Zimbabwe

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

Male
473,000 ZWD
Female-11%
420,000 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 / Finance President / Zimbabwe

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

Individuals working as Finance President in Zimbabwe are likely to observe a salary increase of approximately 9% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Zimbabwe Finance President
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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 / Finance President / Zimbabwe

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Zimbabwe Finance President
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31% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 69% 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
69%
No Bonus
31%

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 / Finance President / Zimbabwe


2,580 ZWD per hour

The average hourly wage (pay per hour) for individuals working as Finance President in Zimbabwe is 2,580 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 as Finance President in Zimbabwe is 1,190 ZWD. 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 Examiner117,000 ZWD-74%
Account Executive201,000 ZWD-55%
Accountant144,000 ZWD-68%
Accounting Analyst179,000 ZWD-60%
Accounting Assistant118,000 ZWD-74%
Accounting Associate107,000 ZWD-76%
Accounting Clerk92,600 ZWD-79%
Accounting Coordinator140,000 ZWD-69%
Accounting Head318,000 ZWD-29%
Accounting Manager323,000 ZWD-28%
Accounting Officer113,000 ZWD-75%
Accounting Specialist216,000 ZWD-52%
Accounting Supervisor201,000 ZWD-55%
Accounting Technician110,000 ZWD-75%
Accounting Unit Controller255,000 ZWD-43%
Accounts Executive192,000 ZWD-57%
Accounts Officer118,000 ZWD-74%
Accounts Payable and Receivable Specialist150,000 ZWD-66%
Accounts Payable Assistant126,000 ZWD-72%
Accounts Payable Associate141,000 ZWD-68%
Accounts Payable Clerk118,000 ZWD-74%
Accounts Payable Manager296,000 ZWD-34%
Accounts Receivable Administrator235,000 ZWD-47%
Accounts Receivable Clerk116,000 ZWD-74%
Accounts Receivable Financial Analyst210,000 ZWD-53%
Accounts Receivable Manager287,000 ZWD-36%
Accounts Receivable Team Leader218,000 ZWD-51%
Algorithmic Trading Specialist259,000 ZWD-42%
Assistant Accountant120,000 ZWD-73%
Assistant Accounting Manager273,000 ZWD-39%
Assistant Auditor159,000 ZWD-64%
Assistant Corporate Controller201,000 ZWD-55%
Assistant Finance Manager331,000 ZWD-26%
Assistant Financial Controller213,000 ZWD-52%
Audit Director346,000 ZWD-23%
Audit Supervisor274,000 ZWD-39%
Auditing Clerk118,000 ZWD-74%
Auditing Manager303,000 ZWD-32%
Billing Clerk122,000 ZWD-73%
Billing Coordinator138,000 ZWD-69%
Billing Specialist169,000 ZWD-62%
Billing Supervisor229,000 ZWD-49%
Bookkeeper103,000 ZWD-77%
Bookkeeping Specialist150,000 ZWD-66%
Budget Analyst254,000 ZWD-43%
Budget Manager318,000 ZWD-29%
Business Support Analyst180,000 ZWD-60%
Capital Markets Associate234,000 ZWD-48%
Cash Flow Analyst220,000 ZWD-51%
Cash Management Manager301,000 ZWD-33%
Cash Management Officer182,000 ZWD-59%
Cashbook Clerk104,000 ZWD-77%
Chartered Accountant191,000 ZWD-57%
Chief Accountant216,000 ZWD-52%
Chief Financial Technology Officer325,000 ZWD-27%
Collections Clerk94,800 ZWD-79%
Collections Representative131,000 ZWD-71%
Collections Specialist155,000 ZWD-65%
Corporate Controller233,000 ZWD-48%
Corporate Treasurer291,000 ZWD-35%
Cost Accountant150,000 ZWD-66%
Cost Accounting Manager316,000 ZWD-29%
Cost Accounting Supervisor251,000 ZWD-44%
Cost Analyst239,000 ZWD-46%
Credit and Collection Manager308,000 ZWD-31%
Credit and Collection Staff120,000 ZWD-73%
Credit and Loans Officer113,000 ZWD-75%
Credit Controller202,000 ZWD-55%
Credit Manager308,000 ZWD-31%
Debt Adviser255,000 ZWD-43%
Debt Collector117,000 ZWD-74%
Debtors Clerk104,000 ZWD-77%
Debtors Controller113,000 ZWD-75%
Deputy CFO417,000 ZWD-7%
Deputy Head of Finance411,000 ZWD-8%
Derivative Trader251,000 ZWD-44%
Director of Finance465,000 ZWD+4%
E-commerce Accountant164,000 ZWD-63%
Economist366,000 ZWD-18%
Equity Analyst282,000 ZWD-37%
Escrow Assistant138,000 ZWD-69%
Executive Accountant170,000 ZWD-62%
External Auditor213,000 ZWD-52%
Finance Administrator171,000 ZWD-62%
Finance Analyst289,000 ZWD-35%
Finance Associate133,000 ZWD-70%
Finance Data Analyst240,000 ZWD-46%
Finance Director471,000 ZWD+5%
Finance Executive323,000 ZWD-28%
Finance Licensing Clerk106,000 ZWD-76%
Finance Licensing Manager292,000 ZWD-35%
Finance Licensing Specialist173,000 ZWD-61%
Finance Manager423,000 ZWD-5%
Finance Officer146,000 ZWD-67%
Finance President447,000 ZWD+0%
Finance Relationship Manager366,000 ZWD-18%
Finance Release Analyst180,000 ZWD-60%
Finance Specialist261,000 ZWD-42%
Finance Team Leader 350,000 ZWD-22%
Financial Accountant152,000 ZWD-66%
Financial Actuary234,000 ZWD-48%
Financial Administrator254,000 ZWD-43%
Financial Advisor270,000 ZWD-40%
Financial Analyst279,000 ZWD-38%
Financial Applications Specialist199,000 ZWD-55%
Financial Assistant121,000 ZWD-73%
Financial Associate149,000 ZWD-67%
Financial Claims Analyst211,000 ZWD-53%
Financial Claims Manager264,000 ZWD-41%
Financial Claims Supervisor256,000 ZWD-43%
Financial Clerk114,000 ZWD-74%
Financial Commercial Analyst213,000 ZWD-52%
Financial Compliance Analyst242,000 ZWD-46%
Financial Compliance Officer246,000 ZWD-45%
Financial Consultant201,000 ZWD-55%
Financial Controller245,000 ZWD-45%
Financial Coordinator146,000 ZWD-67%
Financial Customer Service Manager283,000 ZWD-37%
Financial Data Scientist272,000 ZWD-39%
Financial Dealer and Broker160,000 ZWD-64%
Financial Director433,000 ZWD-3%
Financial Encoder129,000 ZWD-71%
Financial Manager408,000 ZWD-9%
Financial Modelling Analyst275,000 ZWD-38%
Financial Operations Manager380,000 ZWD-15%
Financial Policy Analyst227,000 ZWD-49%
Financial Project Manager328,000 ZWD-27%
Financial Quantitative Analyst267,000 ZWD-40%
Financial Reporting Consultant222,000 ZWD-50%
Financial Reporting Manager280,000 ZWD-37%
Financial Section Head293,000 ZWD-34%
Financial Services Manager387,000 ZWD-13%
Financial Services Sales Agent169,000 ZWD-62%
Financial Technology Consultant251,000 ZWD-44%
Financial Wellness Coach309,000 ZWD-31%
FinTech Analyst271,000 ZWD-39%
Fixed Assets Administrator155,000 ZWD-65%
Forensic Accountant185,000 ZWD-59%
Fraud Detection Supervisor180,000 ZWD-60%
Fraud Prevention Manager311,000 ZWD-30%
Fund Accountant152,000 ZWD-66%
Grants Coordinator110,000 ZWD-75%
Green Finance Analyst238,000 ZWD-47%
Group Financial Manager425,000 ZWD-5%
Internal Auditor212,000 ZWD-53%
Internal Control Adviser230,000 ZWD-48%
Internal Control Officer133,000 ZWD-70%
International Tax Director359,000 ZWD-20%
Inventory Accountant159,000 ZWD-64%
Investment Advisor403,000 ZWD-10%
Investment Analyst310,000 ZWD-31%
Investment Associate257,000 ZWD-42%
Investment Broker249,000 ZWD-44%
Investment Fund Manager356,000 ZWD-20%
Investment Operations Manager346,000 ZWD-23%
Investment Underwriter128,000 ZWD-71%
Investor190,000 ZWD-57%
Investor Relations Manager309,000 ZWD-31%
KYC Team Leader298,000 ZWD-33%
Loan Processor125,000 ZWD-72%
Management Accountant173,000 ZWD-61%
Management Economist357,000 ZWD-20%
Paymaster119,000 ZWD-73%
Payroll Administrator198,000 ZWD-56%
Payroll Benefits Coordinator168,000 ZWD-62%
Payroll Billing Manager289,000 ZWD-35%
Payroll Clerk137,000 ZWD-69%
Payroll Manager271,000 ZWD-39%
Payroll Officer130,000 ZWD-71%
Payroll Specialist163,000 ZWD-63%
Payroll Supervisor198,000 ZWD-56%
Pensions Administrator162,000 ZWD-64%
Personal Financial Advisor222,000 ZWD-50%
Pricing Analyst246,000 ZWD-45%
Private Equity Analyst285,000 ZWD-36%
Project Accountant164,000 ZWD-63%
Proposal Development Coordinator136,000 ZWD-70%
Quantitative Trader224,000 ZWD-50%
Receivables Accountant135,000 ZWD-70%
Regulatory Accountant169,000 ZWD-62%
Retirement Plan Analyst233,000 ZWD-48%
Revenue Management Specialist253,000 ZWD-43%
Revenue Recognition Analyst288,000 ZWD-36%
Risk Management Director362,000 ZWD-19%
Risk Management Supervisor311,000 ZWD-30%
Staff Accountant146,000 ZWD-67%
Tax Accountant142,000 ZWD-68%
Tax Administrator172,000 ZWD-61%
Tax Advisor230,000 ZWD-48%
Tax Analyst240,000 ZWD-46%
Tax Associate133,000 ZWD-70%
Tax Consultant236,000 ZWD-47%
Tax Director358,000 ZWD-20%
Tax Examiner159,000 ZWD-64%
Tax Manager303,000 ZWD-32%
Tax Research Manager317,000 ZWD-29%
Teller87,100 ZWD-80%
Treasury Accountant160,000 ZWD-64%
Treasury Analyst245,000 ZWD-45%
Underwriter111,000 ZWD-75%
Underwriting Assistant99,000 ZWD-78%
Vice President of Finance400,000 ZWD-10%

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 for the job title Finance President in Zimbabwe?

A good and competitive compensation would range anywhere between 427,000 ZWD and 492,000 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 a careers like Finance President in Zimbabwe ranges from 205,000 ZWD to 344,000 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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