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Financial Encoder Average Salary in Cote Divoire 2024

How much money does a person working as Financial Encoder make in Cote Divoire?


Average Monthly Salary
195,000 XOF
( 2,340,000 XOF yearly)

LOW
95,500
XOF
AVERAGE
195,000
XOF
HIGH
304,000
XOF
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 Financial Encoder in Cote Divoire typically earns around 195,000 XOF. Salaries range from 95,500 XOF (lowest) to 304,000 XOF (highest).


Salary Variance

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



Financial Encoder Pay Scale and Salaries in Cote Divoire

Median and salary distribution Cote Divoire Financial Encoder monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
181,000 XOF or more
10% of people earn
160,000 to 181,000 XOF
20% of people earn
113,000 XOF or less
65% of people earn
113,000 to 160,000 XOF
Minimum Salary
95,500 XOF
Median
182,000 XOF
Maximum
304,000 XOF




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 Financial Encoder in Cote Divoire range from 95,500 XOF (starting salary) to 304,000 XOF (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 182,000 XOF, half of the professionals who work as Financial Encoder in Cote Divoire 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 Financial Encoder in Cote Divoire earn less than 149,000 XOF, while 75% earn more. Similarly, the chart shows that 75% earn less than 208,000 XOF 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 Financial Encoder in Cote Divoire compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 113,000 XOF to 160,000 XOF. About 20% of salaries are below the 113,000 XOF mark, while 10% fall within the range of 160,000 XOF to 181,000 XOF. Only 5% of individuals have salaries exceeding 181,000 XOF.

Salary Comparison by Years of Experience / Financial Encoder / Cote Divoire

How do experience and age affect pay?

0 - 2 Years
113,000 XOF
2 - 5 Years+29%
145,000 XOF
5 - 10 Years+38%
201,000 XOF
10 - 15 Years+24%
249,000 XOF
15 - 20 Years+7%
266,000 XOF
20+ Years+7%
284,000 XOF
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Cote Divoire Financial Encoder
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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 Financial Encoder 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 113,000 XOF.

While someone with an experience level between two and five years is expected to earn 145,000 XOF, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 201,000 XOF, 38% 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 249,000 XOF, 24% 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 266,000 XOF, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 284,000 XOF, 7% 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 / Financial Encoder / Cote Divoire

How do education levels affect salaries?

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

High School
145,000 XOF
Certificate or Diploma+43%
208,000 XOF
Bachelor's Degree+38%
287,000 XOF
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Cote Divoire Financial Encoder
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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 Financial Encoder in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 145,000 XOF.


Level 2: Certificate or Diploma

At this level, the average salary becomes 208,000 XOF, 43% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 287,000 XOF, 38% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Financial Encoder / Cote Divoire

Salary comparison by gender Cote Divoire Financial Encoder 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 Financial Encoder in Cote Divoire, the average difference between the salary of male and female employees is 12%.

Male
204,000 XOF
Female-11%
181,000 XOF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cote Divoire for all Careers

Salary comparison by gender monthly Cote Divoire
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Average Annual Salary Increment Percentage / Financial Encoder / Cote Divoire

How much are annual salary increments in Cote Divoire for individuals working as Financial Encoder? How often do employees get salary raises?

Individuals working as Financial Encoder in Cote Divoire are likely to observe a salary increase of approximately 7% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Cote Divoire Financial Encoder
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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.

Cote Divoire / All Professions

Annual Salary Increment Rate Cote Divoire
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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 Cote Divoire 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 / Financial Encoder / Cote Divoire

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cote Divoire Financial Encoder
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88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
12%
No Bonus
88%

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 / Financial Encoder / Cote Divoire


1,120 XOF per hour

The average hourly wage (pay per hour) for individuals working as Financial Encoder in Cote Divoire is 1,120 XOF.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 Financial Encoder in Cote Divoire is 550 XOF. 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 Examiner183,000 XOF-6%
Account Executive300,000 XOF+54%
Accountant240,000 XOF+23%
Accounting Analyst296,000 XOF+52%
Accounting Assistant179,000 XOF-8%
Accounting Associate175,000 XOF-10%
Accounting Clerk143,000 XOF-27%
Accounting Coordinator220,000 XOF+13%
Accounting Head475,000 XOF+140%
Accounting Manager502,000 XOF+160%
Accounting Officer170,000 XOF-13%
Accounting Specialist329,000 XOF+69%
Accounting Supervisor336,000 XOF+72%
Accounting Technician163,000 XOF-16%
Accounting Unit Controller385,000 XOF+98%
Accounts Executive298,000 XOF+53%
Accounts Officer181,000 XOF-7%
Accounts Payable and Receivable Specialist230,000 XOF+18%
Accounts Payable Assistant194,000 XOF-0%
Accounts Payable Associate211,000 XOF+8%
Accounts Payable Clerk167,000 XOF-14%
Accounts Payable Manager469,000 XOF+140%
Accounts Receivable Administrator358,000 XOF+84%
Accounts Receivable Clerk168,000 XOF-14%
Accounts Receivable Financial Analyst333,000 XOF+71%
Accounts Receivable Manager464,000 XOF+140%
Accounts Receivable Team Leader349,000 XOF+79%
Algorithmic Trading Specialist398,000 XOF+100%
Assistant Accountant173,000 XOF-11%
Assistant Accounting Manager429,000 XOF+120%
Assistant Auditor241,000 XOF+24%
Assistant Corporate Controller306,000 XOF+57%
Assistant Finance Manager475,000 XOF+140%
Assistant Financial Controller321,000 XOF+65%
Audit Director528,000 XOF+170%
Audit Supervisor421,000 XOF+120%
Auditing Clerk181,000 XOF-7%
Auditing Manager486,000 XOF+150%
Billing Clerk187,000 XOF-4%
Billing Coordinator213,000 XOF+9%
Billing Specialist253,000 XOF+30%
Billing Supervisor342,000 XOF+76%
Bookkeeper156,000 XOF-20%
Bookkeeping Specialist222,000 XOF+14%
Budget Analyst388,000 XOF+99%
Budget Manager490,000 XOF+150%
Business Support Analyst271,000 XOF+39%
Capital Markets Associate368,000 XOF+89%
Cash Flow Analyst342,000 XOF+76%
Cash Management Manager472,000 XOF+140%
Cash Management Officer262,000 XOF+34%
Cashbook Clerk153,000 XOF-21%
Chartered Accountant307,000 XOF+58%
Chief Accountant347,000 XOF+78%
Chief Financial Technology Officer500,000 XOF+160%
Collections Clerk149,000 XOF-24%
Collections Representative195,000 XOF+0%
Collections Specialist237,000 XOF+22%
Corporate Controller377,000 XOF+94%
Corporate Treasurer444,000 XOF+130%
Cost Accountant230,000 XOF+18%
Cost Accounting Manager486,000 XOF+150%
Cost Accounting Supervisor367,000 XOF+88%
Cost Analyst372,000 XOF+91%
Credit and Collection Manager475,000 XOF+140%
Credit and Collection Staff173,000 XOF-11%
Credit and Loans Officer178,000 XOF-9%
Credit Controller321,000 XOF+65%
Credit Manager490,000 XOF+150%
Debt Adviser378,000 XOF+94%
Debt Collector194,000 XOF-0%
Debtors Clerk159,000 XOF-18%
Debtors Controller170,000 XOF-13%
Deputy CFO655,000 XOF+240%
Deputy Head of Finance659,000 XOF+240%
Derivative Trader419,000 XOF+120%
Director of Finance667,000 XOF+240%
E-commerce Accountant238,000 XOF+22%
Economist568,000 XOF+190%
Equity Analyst417,000 XOF+110%
Escrow Assistant200,000 XOF+3%
Executive Accountant267,000 XOF+37%
External Auditor345,000 XOF+77%
Finance Administrator280,000 XOF+44%
Finance Analyst423,000 XOF+120%
Finance Associate199,000 XOF+2%
Finance Data Analyst385,000 XOF+98%
Finance Director712,000 XOF+270%
Finance Executive523,000 XOF+170%
Finance Licensing Clerk166,000 XOF-15%
Finance Licensing Manager463,000 XOF+140%
Finance Licensing Specialist250,000 XOF+28%
Finance Manager645,000 XOF+230%
Finance Officer232,000 XOF+19%
Finance President708,000 XOF+260%
Finance Relationship Manager568,000 XOF+190%
Finance Release Analyst271,000 XOF+39%
Finance Specialist402,000 XOF+110%
Finance Team Leader 549,000 XOF+180%
Financial Accountant229,000 XOF+18%
Financial Actuary375,000 XOF+93%
Financial Administrator395,000 XOF+100%
Financial Advisor420,000 XOF+120%
Financial Analyst442,000 XOF+130%
Financial Applications Specialist303,000 XOF+56%
Financial Assistant186,000 XOF-5%
Financial Associate233,000 XOF+20%
Financial Claims Analyst310,000 XOF+59%
Financial Claims Manager432,000 XOF+120%
Financial Claims Supervisor383,000 XOF+97%
Financial Clerk187,000 XOF-4%
Financial Commercial Analyst355,000 XOF+82%
Financial Compliance Analyst372,000 XOF+91%
Financial Compliance Officer359,000 XOF+84%
Financial Consultant322,000 XOF+65%
Financial Controller374,000 XOF+92%
Financial Coordinator206,000 XOF+6%
Financial Customer Service Manager409,000 XOF+110%
Financial Data Scientist445,000 XOF+130%
Financial Dealer and Broker251,000 XOF+29%
Financial Director667,000 XOF+240%
Financial Encoder195,000 XOF+0%
Financial Manager674,000 XOF+250%
Financial Modelling Analyst410,000 XOF+110%
Financial Operations Manager572,000 XOF+190%
Financial Policy Analyst382,000 XOF+96%
Financial Project Manager504,000 XOF+160%
Financial Quantitative Analyst403,000 XOF+110%
Financial Reporting Consultant335,000 XOF+72%
Financial Reporting Manager471,000 XOF+140%
Financial Section Head469,000 XOF+140%
Financial Services Manager584,000 XOF+200%
Financial Services Sales Agent260,000 XOF+33%
Financial Technology Consultant379,000 XOF+95%
Financial Wellness Coach471,000 XOF+140%
FinTech Analyst417,000 XOF+110%
Fixed Assets Administrator234,000 XOF+20%
Forensic Accountant287,000 XOF+47%
Fraud Detection Supervisor291,000 XOF+49%
Fraud Prevention Manager460,000 XOF+140%
Fund Accountant227,000 XOF+17%
Grants Coordinator180,000 XOF-8%
Green Finance Analyst369,000 XOF+89%
Group Financial Manager674,000 XOF+250%
Internal Auditor314,000 XOF+61%
Internal Control Adviser372,000 XOF+91%
Internal Control Officer196,000 XOF+1%
International Tax Director553,000 XOF+180%
Inventory Accountant252,000 XOF+29%
Investment Advisor607,000 XOF+210%
Investment Analyst473,000 XOF+140%
Investment Associate412,000 XOF+110%
Investment Broker383,000 XOF+97%
Investment Fund Manager522,000 XOF+170%
Investment Operations Manager537,000 XOF+180%
Investment Underwriter210,000 XOF+8%
Investor319,000 XOF+64%
Investor Relations Manager475,000 XOF+140%
KYC Team Leader454,000 XOF+130%
Loan Processor193,000 XOF-1%
Management Accountant261,000 XOF+34%
Management Economist550,000 XOF+180%
Paymaster198,000 XOF+2%
Payroll Administrator321,000 XOF+65%
Payroll Benefits Coordinator261,000 XOF+34%
Payroll Billing Manager411,000 XOF+110%
Payroll Clerk203,000 XOF+4%
Payroll Manager448,000 XOF+130%
Payroll Officer207,000 XOF+6%
Payroll Specialist236,000 XOF+21%
Payroll Supervisor298,000 XOF+53%
Pensions Administrator250,000 XOF+28%
Personal Financial Advisor349,000 XOF+79%
Pricing Analyst406,000 XOF+110%
Private Equity Analyst409,000 XOF+110%
Project Accountant249,000 XOF+28%
Proposal Development Coordinator210,000 XOF+8%
Quantitative Trader325,000 XOF+67%
Receivables Accountant212,000 XOF+9%
Regulatory Accountant268,000 XOF+38%
Retirement Plan Analyst377,000 XOF+94%
Revenue Management Specialist374,000 XOF+92%
Revenue Recognition Analyst456,000 XOF+130%
Risk Management Director568,000 XOF+190%
Risk Management Supervisor446,000 XOF+130%
Staff Accountant234,000 XOF+20%
Tax Accountant212,000 XOF+9%
Tax Administrator247,000 XOF+27%
Tax Advisor368,000 XOF+89%
Tax Analyst351,000 XOF+80%
Tax Associate201,000 XOF+3%
Tax Consultant386,000 XOF+98%
Tax Director535,000 XOF+170%
Tax Examiner260,000 XOF+33%
Tax Manager486,000 XOF+150%
Tax Research Manager463,000 XOF+140%
Teller143,000 XOF-27%
Treasury Accountant246,000 XOF+26%
Treasury Analyst396,000 XOF+100%
Underwriter172,000 XOF-12%
Underwriting Assistant154,000 XOF-21%
Vice President of Finance648,000 XOF+230%

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 Cote Divoire is 17% on average across all career fields.

Private Sector
315,000 XOF
Public Sector+17%
369,000 XOF
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 Financial Encoder in Cote Divoire?

A good and competitive compensation would range anywhere between 182,000 XOF and 208,000 XOF. 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 Financial Encoder in Cote Divoire ranges from 95,500 XOF to 149,000 XOF. 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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