A person working in Banking in Botswana typically earns around 13,400 BWP per month. Salaries range from 7,570 BWP (lowest average) to 24,800 BWP (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|AML Analyst||16,300 BWP|
|Assistant Bank Branch Manager||14,900 BWP|
|Assistant Bank Manager||17,600 BWP|
|ATM Manager||15,300 BWP|
|ATM Service Technician||8,330 BWP|
|Bank Accounts Analyst||11,500 BWP|
|Bank Accounts Controller||12,700 BWP|
|Bank Accounts Executive||12,900 BWP|
|Bank Accounts Manager||14,100 BWP|
|Bank Auditing Manager||14,600 BWP|
|Bank Branch Manager||16,700 BWP|
|Bank Clerk||8,160 BWP|
|Bank Compliance Specialist||11,900 BWP|
|Bank Manager||24,900 BWP|
|Bank Operational Risk Manager||17,800 BWP|
|Bank Operations Head||20,800 BWP|
|Bank Operations Officer||12,000 BWP|
|Bank Operations Specialist||15,800 BWP|
|Bank Process Manager||12,500 BWP|
|Bank Product Manager||12,600 BWP|
|Bank Programme Manager||15,800 BWP|
|Bank Project Manager||15,400 BWP|
|Bank Propositions Manager||16,500 BWP|
|Bank Quantitative Analyst||12,200 BWP|
|Bank Regional Manager||18,900 BWP|
|Bank Regional Risk Officer||12,400 BWP|
|Bank Relationship Manager||14,400 BWP|
|Bank Relationship Officer||11,600 BWP|
|Banking Business Analyst||13,300 BWP|
|Banking Business Development Officer||11,100 BWP|
|Banking Business Planning Executive||17,200 BWP|
|Banking Product Manager||15,100 BWP|
|Banking Reference Data Manager||13,600 BWP|
|Banking Risk Analyst||13,500 BWP|
|Banking Technical Analyst||11,500 BWP|
|Bankruptcy Coordinator||14,500 BWP|
|Budget Analyst||13,200 BWP|
|Cards Marketing Manager||16,500 BWP|
|Cash Management Manager||17,800 BWP|
|Check Processing Manager||17,400 BWP|
|Commercial Vault Associate||13,300 BWP|
|Corporate Dealer||13,700 BWP|
|Credit Analyst||15,200 BWP|
|Credit and Collections Manager||16,700 BWP|
|Credit Card Fraud Investigator||13,200 BWP|
|Credit Portfolio Manager||20,200 BWP|
|Credit Risk Analyst||15,800 BWP|
|Credit Risk Associate||14,200 BWP|
|Direct Bank Sales Representative||12,200 BWP|
|Financial Bank Planning Consultant||14,900 BWP|
|Financial Banking Analysis Manager||15,500 BWP|
|Financial Banking Assistant||10,900 BWP|
|Financial Banking Systems Manager||15,900 BWP|
|Foreign Exchange Manager||16,900 BWP|
|Fraud Analyst||13,100 BWP|
|Fraud Detection Associate||13,000 BWP|
|Fraud Detection Manager||16,400 BWP|
|Fraud Detection Supervisor||13,500 BWP|
|Internal Bank Audit Manager||16,500 BWP|
|Internal Bank Auditor||12,400 BWP|
|International Banking Manager||21,800 BWP|
|Loan Analyst||12,600 BWP|
|Loan Area Manager||15,300 BWP|
|Loan Audit Team Leader||15,600 BWP|
|Loan Branch Manager||14,400 BWP|
|Loan Business Development Officer||12,500 BWP|
|Loan Clerk||9,660 BWP|
|Loan Collection Manager||14,000 BWP|
|Loan Collector||8,150 BWP|
|Loan Examiner||10,500 BWP|
|Loan Processing Manager||12,100 BWP|
|Loan Processor||11,600 BWP|
|Loan Quality Assurance Auditor||13,600 BWP|
|Loan Quality Assurance Manager||14,100 BWP|
|Loan Quality Assurance Representative||11,500 BWP|
|Loan Review Manager||13,400 BWP|
|Loan Team Leader||13,800 BWP|
|Mortgage Advisor||12,200 BWP|
|Mortgage Collection Manager||14,100 BWP|
|Mortgage Collector||9,890 BWP|
|Mortgage Credit Analyst||10,600 BWP|
|Mortgage Credit Manager||12,400 BWP|
|Mortgage Development Manager||15,700 BWP|
|Mortgage Document Reviewer||10,300 BWP|
|Mortgage Funding Manager||15,300 BWP|
|Mortgage Operations Manager||17,500 BWP|
|Mortgage Payment Processing Clerk||9,350 BWP|
|Mortgage Processing Manager||14,300 BWP|
|Mortgage Processor||10,500 BWP|
|Mortgage Quality Assurance Auditor||12,400 BWP|
|Mortgage Quality Assurance Manager||13,400 BWP|
|Mortgage Servicing Clerk||8,410 BWP|
|Mortgage Servicing Manager||13,600 BWP|
|Mortgage Underwriter||9,510 BWP|
|Online Banking Manager||18,700 BWP|
|Payment Processing Clerk||8,490 BWP|
|Personal Banker||13,400 BWP|
|Personal Banking Advisor||13,100 BWP|
|Phone Banker||10,500 BWP|
|Private Banker||13,900 BWP|
|Reconciliation and Investigation Specialist||12,200 BWP|
|Trade Officer||9,660 BWP|
|Trade Product Manager||13,300 BWP|
|Treasury Operations Officer||12,100 BWP|
Banking salaries in Botswana range from 7,570 BWP per month (minimum average salary) to 24,800 BWP per month (maximum average salary, actual maximum is higher).
The median salary is 13,100 BWP per month, which means that half (50%) of people working in Banking are earning less than 13,100 BWP while the other half are earning more than 13,100 BWP. 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.
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 Banking are earning less than 9,310 BWP while 75% of them are earning more than 9,310 BWP. Also from the diagram, 75% of people working in Banking are earning less than 18,600 BWP while 25% are earning more than 18,600 BWP.
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
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.
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.
A Master's degree program or any post-graduate program in Botswana costs anywhere from 59,200 Pula(s) to 178,000 Pula(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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees earn 23% more than their female counterparts.
Where can you get paid more, working for a private company or for the government? Public sector employees in Botswana earn 11% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+3%|
Banking salaries in Botswana are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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.
The average salary for Banking is 13% more than that of All Jobs.