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Banking Average Salaries in Botswana 2020

How much money does a person working in Banking make in Botswana?


Average Monthly Salary
13,400 BWP
( 161,000 BWP yearly)

LOW
7,570
BWP
AVERAGE
13,400
BWP
HIGH
24,800
BWP

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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst16,300 BWP
Assistant Bank Branch Manager14,900 BWP
Assistant Bank Manager17,600 BWP
ATM Manager15,300 BWP
ATM Service Technician8,330 BWP
Bank Accounts Analyst11,500 BWP
Bank Accounts Controller12,700 BWP
Bank Accounts Executive12,900 BWP
Bank Accounts Manager14,100 BWP
Bank Auditing Manager14,600 BWP
Bank Branch Manager16,700 BWP
Bank Clerk8,160 BWP
Bank Compliance Specialist11,900 BWP
Bank Manager24,900 BWP
Bank Operational Risk Manager17,800 BWP
Bank Operations Head20,800 BWP
Bank Operations Officer12,000 BWP
Bank Operations Specialist15,800 BWP
Bank Process Manager12,500 BWP
Bank Product Manager 12,600 BWP
Bank Programme Manager15,800 BWP
Bank Project Manager15,400 BWP
Bank Propositions Manager16,500 BWP
Bank Quantitative Analyst12,200 BWP
Bank Regional Manager18,900 BWP
Bank Regional Risk Officer12,400 BWP
Bank Relationship Manager14,400 BWP
Bank Relationship Officer11,600 BWP
Banker11,000 BWP
Banking Business Analyst13,300 BWP
Banking Business Development Officer11,100 BWP
Banking Business Planning Executive17,200 BWP
Banking Product Manager15,100 BWP
Banking Reference Data Manager13,600 BWP
Banking Risk Analyst13,500 BWP
Banking Technical Analyst11,500 BWP
Bankruptcy Coordinator14,500 BWP
Budget Analyst13,200 BWP
Cards Marketing Manager16,500 BWP
Cash Management Manager17,800 BWP
Check Processing Manager17,400 BWP
Commercial Vault Associate13,300 BWP
Corporate Dealer13,700 BWP
Credit Analyst15,200 BWP
Credit and Collections Manager16,700 BWP
Credit Card Fraud Investigator13,200 BWP
Credit Portfolio Manager20,200 BWP
Credit Risk Analyst15,800 BWP
Credit Risk Associate14,200 BWP
Direct Bank Sales Representative12,200 BWP
Financial Bank Planning Consultant14,900 BWP
Financial Banking Analysis Manager15,500 BWP
Financial Banking Assistant10,900 BWP
Financial Banking Systems Manager15,900 BWP
Foreign Exchange Manager16,900 BWP
Fraud Analyst13,100 BWP
Fraud Detection Associate13,000 BWP
Fraud Detection Manager16,400 BWP
Fraud Detection Supervisor13,500 BWP
Internal Bank Audit Manager16,500 BWP
Internal Bank Auditor12,400 BWP
International Banking Manager21,800 BWP
Loan Analyst12,600 BWP
Loan Area Manager15,300 BWP
Loan Audit Team Leader15,600 BWP
Loan Branch Manager14,400 BWP
Loan Business Development Officer12,500 BWP
Loan Clerk9,660 BWP
Loan Collection Manager14,000 BWP
Loan Collector8,150 BWP
Loan Examiner10,500 BWP
Loan Processing Manager12,100 BWP
Loan Processor11,600 BWP
Loan Quality Assurance Auditor13,600 BWP
Loan Quality Assurance Manager14,100 BWP
Loan Quality Assurance Representative11,500 BWP
Loan Review Manager13,400 BWP
Loan Team Leader13,800 BWP
Mortgage Advisor12,200 BWP
Mortgage Collection Manager14,100 BWP
Mortgage Collector9,890 BWP
Mortgage Credit Analyst10,600 BWP
Mortgage Credit Manager12,400 BWP
Mortgage Development Manager15,700 BWP
Mortgage Document Reviewer10,300 BWP
Mortgage Funding Manager15,300 BWP
Mortgage Operations Manager17,500 BWP
Mortgage Payment Processing Clerk9,350 BWP
Mortgage Processing Manager14,300 BWP
Mortgage Processor10,500 BWP
Mortgage Quality Assurance Auditor12,400 BWP
Mortgage Quality Assurance Manager13,400 BWP
Mortgage Servicing Clerk8,410 BWP
Mortgage Servicing Manager13,600 BWP
Mortgage Underwriter9,510 BWP
Online Banking Manager18,700 BWP
Payment Processing Clerk8,490 BWP
Personal Banker13,400 BWP
Personal Banking Advisor 13,100 BWP
Phone Banker10,500 BWP
Private Banker13,900 BWP
Reconciliation and Investigation Specialist12,200 BWP
Teller7,860 BWP
Trade Officer9,660 BWP
Trade Product Manager13,300 BWP
Trader10,900 BWP
Treasury Operations Officer12,100 BWP

Banking Jobs Salary Distribution in Botswana

Median and salary distribution monthly Botswana Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    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).

  • Median Salary

    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.

  • 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 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.


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?

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 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.


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.

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.

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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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.


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.

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 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.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Botswana Banking
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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? Male employees earn 23% more than their female counterparts.

Female
12,100 BWP
Male+23%
14,900 BWP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Botswana for all Careers

Salary comparison by gender monthly Botswana
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Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Botswana
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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.

Private Sector
11,100 BWP
Public Sector+11%
12,300 BWP
Percentage increase and decrease are relative to the previous value

Banking Salary Forecast and Trend in Botswana

How do Banking salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Botswana Banking
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Average Salary 2016
12,000 BWP
Average Salary 2017+4%
12,400 BWP
Average Salary 2018+2%
12,700 BWP
Average Salary 2019+3%
13,100 BWP
Percentage increase and decrease are relative to the previous value

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.

Banking Hourly Average Wage in Botswana


77 BWP per hour

The average hourly wage (pay per hour) in Botswana is 77 BWP. This means that the average person in Botswana earns approximately 77 BWP for every worked hour.


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

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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Botswana
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The average salary for Banking is 13% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Gaborone16,500 BWP
12500 - 2

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