Accounting and Finance Average Salaries in Botswana 2020
How much money does a person working in Accounting and Finance make in Botswana?
LOW
5,240
BWP AVERAGE
11,500
BWP HIGH
24,300
BWP
A person working in Accounting and Finance in Botswana typically earns around 11,500 BWP per month. Salaries range from 5,240 BWP (lowest average) to 24,300 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 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 | 7,630 BWP |
| Account Executive | 11,600 BWP |
| Accountant | 7,990 BWP |
| Accounting Assistant | 7,910 BWP |
| Accounting Associate | 7,860 BWP |
| Accounting Clerk | 5,940 BWP |
| Accounting Coordinator | 6,850 BWP |
| Accounting Manager | 15,300 BWP |
| Accounting Supervisor | 11,500 BWP |
| Accounting Technician | 7,570 BWP |
| Accounts Executive | 10,300 BWP |
| Accounts Payable and Receivable Specialist | 9,470 BWP |
| Accounts Payable Clerk | 6,140 BWP |
| Accounts Payable Manager | 12,800 BWP |
| Accounts Receivable Clerk | 6,300 BWP |
| Accounts Receivable Manager | 13,000 BWP |
| Assistant Accounting Manager | 10,400 BWP |
| Assistant Auditor | 8,560 BWP |
| Audit Supervisor | 16,100 BWP |
| Auditing Clerk | 8,130 BWP |
| Auditing Manager | 17,100 BWP |
| Billing Coordinator | 9,580 BWP |
| Billing Specialist | 9,100 BWP |
| Billing Supervisor | 11,600 BWP |
| Bookkeeper | 5,970 BWP |
| Bookkeeping Specialist | 8,650 BWP |
| Budget Analyst | 9,500 BWP |
| Budget Manager | 14,300 BWP |
| Business Support Analyst | 10,400 BWP |
| Capital Markets Associate | 12,200 BWP |
| Cash Flow Analyst | 12,400 BWP |
| Cash Management Officer | 11,100 BWP |
| Cashbook Clerk | 7,130 BWP |
| Chartered Accountant | 10,500 BWP |
| Collections Clerk | 6,260 BWP |
| Collections Specialist | 7,590 BWP |
| Corporate Treasurer | 20,100 BWP |
| Cost Accountant | 9,390 BWP |
| Cost Accounting Manager | 12,500 BWP |
| Cost Analyst | 12,100 BWP |
| Credit and Collection Manager | 13,800 BWP |
| Credit and Collection Staff | 6,450 BWP |
| Credit and Loans Officer | 7,010 BWP |
| Credit Controller | 11,500 BWP |
| Debt Adviser | 14,900 BWP |
| Debt Collector | 10,700 BWP |
| Debtors Clerk | 8,650 BWP |
| Deputy CFO | 19,800 BWP |
| Derivative Trader | 17,100 BWP |
| Escrow Assistant | 9,550 BWP |
| External Auditor | 11,700 BWP |
| Finance Associate | 9,500 BWP |
| Finance Executive | 18,800 BWP |
| Finance Licensing Clerk | 7,640 BWP |
| Finance Licensing Manager | 11,400 BWP |
| Finance Licensing Specialist | 9,210 BWP |
| Finance Officer | 12,800 BWP |
| Finance President | 23,700 BWP |
| Finance Relationship Manager | 16,700 BWP |
| Finance Release Analyst | 10,500 BWP |
| Finance Team Leader | 13,200 BWP |
| Financial Actuary | 12,300 BWP |
| Financial Administrator | 10,500 BWP |
| Financial Analyst | 12,500 BWP |
| Financial Applications Specialist | 8,060 BWP |
| Financial Assistant | 7,510 BWP |
| Financial Associate | 8,490 BWP |
| Financial Claims Analyst | 10,600 BWP |
| Financial Claims Manager | 12,400 BWP |
| Financial Commercial Analyst | 10,200 BWP |
| Financial Compliance Analyst | 12,400 BWP |
| Financial Consultant | 11,400 BWP |
| Financial Controller | 10,700 BWP |
| Financial Coordinator | 9,900 BWP |
| Financial Customer Service Manager | 14,200 BWP |
| Financial Dealer and Broker | 10,400 BWP |
| Financial Encoder | 6,530 BWP |
| Financial Manager | 22,900 BWP |
| Financial Operations Manager | 16,200 BWP |
| Financial Policy Analyst | 12,000 BWP |
| Financial Project Manager | 11,200 BWP |
| Financial Quantitative Analyst | 12,900 BWP |
| Financial Reporting Consultant | 12,000 BWP |
| Financial Reporting Manager | 14,600 BWP |
| Financial Services Sales Agent | 10,200 BWP |
| Fixed Assets Administrator | 9,090 BWP |
| Forensic Accountant | 9,400 BWP |
| Fraud Detection Supervisor | 11,300 BWP |
| Fraud Prevention Manager | 16,100 BWP |
| Fund Accountant | 8,510 BWP |
| Grants Coordinator | 7,430 BWP |
| Internal Auditor | 12,200 BWP |
| Internal Control Adviser | 12,700 BWP |
| Internal Control Officer | 9,980 BWP |
| Inventory Accountant | 17,800 BWP |
| Investment Analyst | 15,800 BWP |
| Investment Fund Manager | 15,500 BWP |
| Investment Underwriter | 7,130 BWP |
| Investor | 11,400 BWP |
| Investor Relations Manager | 14,100 BWP |
| KYC Team Leader | 14,500 BWP |
| Management Economist | 12,600 BWP |
| Paymaster | 8,880 BWP |
| Payroll Clerk | 7,260 BWP |
| Payroll Manager | 11,500 BWP |
| Pensions Administrator | 8,770 BWP |
| Pricing Analyst | 12,500 BWP |
| Private Equity Analyst | 12,500 BWP |
| Proposal Development Coordinator | 8,630 BWP |
| Receivables Accountant | 8,100 BWP |
| Regulatory Accountant | 9,360 BWP |
| Retirement Plan Analyst | 12,400 BWP |
| Revenue Management Specialist | 9,700 BWP |
| Revenue Recognition Analyst | 14,800 BWP |
| Risk Management Director | 18,700 BWP |
| Risk Management Supervisor | 14,800 BWP |
| Tax Accountant | 8,710 BWP |
| Tax Advisor | 11,900 BWP |
| Tax Associate | 8,660 BWP |
| Tax Manager | 16,500 BWP |
| Teller | 5,460 BWP |
| Treasury Accountant | 9,050 BWP |
| Treasury Analyst | 12,400 BWP |
| Underwriter | 6,930 BWP |
| Underwriting Assistant | 6,520 BWP |
| Vice President of Finance | 17,500 BWP |
Accounting and Finance Jobs Salary Distribution in Botswana
The median, the maximum, the minimum, and the range
Salary Range
Accounting and Finance salaries in Botswana range from 5,240 BWP per month (minimum average salary) to 24,300 BWP per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 11,200 BWP per month, which means that half (50%) of people working in Accounting and Finance are earning less than 11,200 BWP while the other half are earning more than 11,200 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 Accounting and Finance are earning less than 7,410 BWP while 75% of them are earning more than 7,410 BWP. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 17,400 BWP while 25% are earning more than 17,400 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?
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 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.
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 earn 23% more than their female counterparts.
| Female | 10,300 BWP | |
| Male | +23% | 12,700 BWP |
Salary Comparison By Gender in Botswana for all Careers
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 Botswana earn 11% more than their private sector counterparts.
| Private Sector | 11,100 BWP | |
| Public Sector | +11% | 12,300 BWP |
Accounting and Finance Salary Forecast and Trend in Botswana
How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2016 | 10,300 BWP | |
| Average Salary 2017 | +4% | 10,600 BWP |
| Average Salary 2018 | +2% | 10,900 BWP |
| Average Salary 2019 | +3% | 11,200 BWP |
Accounting and Finance 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.
Accounting and Finance Hourly Average Wage in Botswana
66 BWP per hourThe average hourly wage (pay per hour) in Botswana is 66 BWP. This means that the average person in Botswana earns approximately 66 BWP 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% less than that of All Jobs.
Salary Comparison By City
| City | Average Salary |
| Gaborone | 14,100 BWP |
