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Accounting and Finance Average Salaries in Botswana 2020

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


Average Monthly Salary
11,500 BWP
( 138,000 BWP yearly)

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 TitleAverage Salary
Account Examiner7,630 BWP
Account Executive11,600 BWP
Accountant7,990 BWP
Accounting Assistant7,910 BWP
Accounting Associate7,860 BWP
Accounting Clerk5,940 BWP
Accounting Coordinator6,850 BWP
Accounting Manager15,300 BWP
Accounting Supervisor11,500 BWP
Accounting Technician7,570 BWP
Accounts Executive10,300 BWP
Accounts Payable and Receivable Specialist9,470 BWP
Accounts Payable Clerk6,140 BWP
Accounts Payable Manager12,800 BWP
Accounts Receivable Clerk6,300 BWP
Accounts Receivable Manager13,000 BWP
Assistant Accounting Manager10,400 BWP
Assistant Auditor8,560 BWP
Audit Supervisor16,100 BWP
Auditing Clerk8,130 BWP
Auditing Manager17,100 BWP
Billing Coordinator9,580 BWP
Billing Specialist9,100 BWP
Billing Supervisor11,600 BWP
Bookkeeper5,970 BWP
Bookkeeping Specialist8,650 BWP
Budget Analyst9,500 BWP
Budget Manager14,300 BWP
Business Support Analyst10,400 BWP
Capital Markets Associate12,200 BWP
Cash Flow Analyst12,400 BWP
Cash Management Officer11,100 BWP
Cashbook Clerk7,130 BWP
Chartered Accountant10,500 BWP
Collections Clerk6,260 BWP
Collections Specialist7,590 BWP
Corporate Treasurer20,100 BWP
Cost Accountant9,390 BWP
Cost Accounting Manager12,500 BWP
Cost Analyst12,100 BWP
Credit and Collection Manager13,800 BWP
Credit and Collection Staff6,450 BWP
Credit and Loans Officer7,010 BWP
Credit Controller11,500 BWP
Debt Adviser14,900 BWP
Debt Collector10,700 BWP
Debtors Clerk8,650 BWP
Deputy CFO19,800 BWP
Derivative Trader17,100 BWP
Escrow Assistant9,550 BWP
External Auditor11,700 BWP
Finance Associate9,500 BWP
Finance Executive18,800 BWP
Finance Licensing Clerk7,640 BWP
Finance Licensing Manager11,400 BWP
Finance Licensing Specialist9,210 BWP
Finance Officer12,800 BWP
Finance President23,700 BWP
Finance Relationship Manager16,700 BWP
Finance Release Analyst10,500 BWP
Finance Team Leader 13,200 BWP
Financial Actuary12,300 BWP
Financial Administrator10,500 BWP
Financial Analyst12,500 BWP
Financial Applications Specialist8,060 BWP
Financial Assistant7,510 BWP
Financial Associate8,490 BWP
Financial Claims Analyst10,600 BWP
Financial Claims Manager12,400 BWP
Financial Commercial Analyst10,200 BWP
Financial Compliance Analyst12,400 BWP
Financial Consultant11,400 BWP
Financial Controller10,700 BWP
Financial Coordinator9,900 BWP
Financial Customer Service Manager14,200 BWP
Financial Dealer and Broker10,400 BWP
Financial Encoder6,530 BWP
Financial Manager22,900 BWP
Financial Operations Manager16,200 BWP
Financial Policy Analyst12,000 BWP
Financial Project Manager11,200 BWP
Financial Quantitative Analyst12,900 BWP
Financial Reporting Consultant12,000 BWP
Financial Reporting Manager14,600 BWP
Financial Services Sales Agent10,200 BWP
Fixed Assets Administrator9,090 BWP
Forensic Accountant9,400 BWP
Fraud Detection Supervisor11,300 BWP
Fraud Prevention Manager16,100 BWP
Fund Accountant8,510 BWP
Grants Coordinator7,430 BWP
Internal Auditor12,200 BWP
Internal Control Adviser12,700 BWP
Internal Control Officer9,980 BWP
Inventory Accountant17,800 BWP
Investment Analyst15,800 BWP
Investment Fund Manager15,500 BWP
Investment Underwriter7,130 BWP
Investor11,400 BWP
Investor Relations Manager14,100 BWP
KYC Team Leader14,500 BWP
Management Economist12,600 BWP
Paymaster8,880 BWP
Payroll Clerk7,260 BWP
Payroll Manager11,500 BWP
Pensions Administrator8,770 BWP
Pricing Analyst12,500 BWP
Private Equity Analyst12,500 BWP
Proposal Development Coordinator8,630 BWP
Receivables Accountant8,100 BWP
Regulatory Accountant9,360 BWP
Retirement Plan Analyst12,400 BWP
Revenue Management Specialist9,700 BWP
Revenue Recognition Analyst14,800 BWP
Risk Management Director18,700 BWP
Risk Management Supervisor14,800 BWP
Tax Accountant8,710 BWP
Tax Advisor11,900 BWP
Tax Associate8,660 BWP
Tax Manager16,500 BWP
Teller5,460 BWP
Treasury Accountant9,050 BWP
Treasury Analyst12,400 BWP
Underwriter6,930 BWP
Underwriting Assistant6,520 BWP
Vice President of Finance17,500 BWP

Accounting and Finance Jobs Salary Distribution in Botswana

Median and salary distribution monthly Botswana Accounting and Finance
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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?

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.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly Botswana Accounting and Finance
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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
10,300 BWP
Male+23%
12,700 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

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.

Salary trends and forecast monthly Botswana Accounting and Finance
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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
Percentage increase and decrease are relative to the previous value

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 hour

The 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.


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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Botswana
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The average salary for Accounting and Finance is 3% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Gaborone14,100 BWP
17265 - 9

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