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Banking Average Salaries in Cote Divoire 2024

How much money does a person working in Banking make in Cote Divoire?


Average Monthly Salary
369,000 XOF
( 4,420,000 XOF yearly)

LOW
115,000
XOF
AVERAGE
369,000
XOF
HIGH
752,000
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 in Banking in Cote Divoire typically earns around 369,000 XOF. Salaries range from 115,000 XOF (lowest average) to 752,000 XOF (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Cote Divoire exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Banking
AML Analyst501,000 XOF
Assistant Bank Branch Manager459,000 XOF
Assistant Bank Manager595,000 XOF
ATM Manager480,000 XOF
ATM Service Technician139,000 XOF
Bank Accounts Analyst202,000 XOF
Bank Accounts Collector117,000 XOF
Bank Accounts Controller242,000 XOF
Bank Accounts Executive378,000 XOF
Bank Accounts Manager418,000 XOF
Bank Auditing Manager428,000 XOF
Bank Branch Manager595,000 XOF
Bank Branch Operations Coordinator270,000 XOF
Bank Clerk111,000 XOF
Bank Client Service Associate169,000 XOF
Bank Collector117,000 XOF
Bank Compliance Specialist320,000 XOF
Bank Manager705,000 XOF
Bank Operational Risk Manager683,000 XOF
Bank Operations Head716,000 XOF
Bank Operations Officer276,000 XOF
Bank Operations Specialist420,000 XOF
Bank Process Manager381,000 XOF
Bank Product Manager 434,000 XOF
Bank Programme Manager501,000 XOF
Bank Project Manager551,000 XOF
Bank Propositions Manager487,000 XOF
Bank Quantitative Analyst367,000 XOF
Bank Regional Manager746,000 XOF
Bank Regional Risk Officer358,000 XOF
Bank Relationship Manager522,000 XOF
Bank Relationship Officer228,000 XOF
Bank Sustainability Analyst430,000 XOF
Bank Teller120,000 XOF
Banker249,000 XOF
Banking Business Analyst372,000 XOF
Banking Business Development Officer231,000 XOF
Banking Business Planning Executive515,000 XOF
Banking Data Analyst422,000 XOF
Banking Product Manager447,000 XOF
Banking Reference Data Manager392,000 XOF
Banking Regulatory Compliance Officer412,000 XOF
Banking Risk Analyst352,000 XOF
Banking Technical Analyst190,000 XOF
Bankruptcy Coordinator263,000 XOF
Bill and Account Collector135,000 XOF
Blockchain Analyst313,000 XOF
Blockchain Architect347,000 XOF
Blockchain Auditor324,000 XOF
Blockchain Compliance Analyst319,000 XOF
Blockchain Consultant353,000 XOF
Blockchain Trade Facilitator295,000 XOF
Budget Analyst361,000 XOF
Capital Risk Manager678,000 XOF
Cards Marketing Manager476,000 XOF
Cash Management Manager614,000 XOF
Check Processing Manager479,000 XOF
Chief Blockchain Officer422,000 XOF
Commercial Vault Associate345,000 XOF
Corporate Banker253,000 XOF
Corporate Dealer395,000 XOF
Credit Analyst276,000 XOF
Credit and Collections Manager505,000 XOF
Credit Card Fraud Investigator369,000 XOF
Credit Portfolio Manager714,000 XOF
Credit Risk Analyst408,000 XOF
Credit Risk Associate399,000 XOF
Cryptocurrency Accountant224,000 XOF
Cryptocurrency Adviser458,000 XOF
Cryptocurrency Analyst327,000 XOF
Cryptocurrency Compliance Manager429,000 XOF
Cryptocurrency Trader366,000 XOF
Digital Banking Manager487,000 XOF
Digital Currency Analyst344,000 XOF
Direct Bank Sales Representative267,000 XOF
Exchange Control Consultant394,000 XOF
Executive Account Analyst360,000 XOF
Financial Bank Planning Consultant455,000 XOF
Financial Banking Analysis Manager558,000 XOF
Financial Banking Assistant173,000 XOF
Financial Banking Systems Manager520,000 XOF
Foreign Exchange Manager531,000 XOF
Fraud Analyst388,000 XOF
Fraud Detection Associate277,000 XOF
Fraud Detection Manager551,000 XOF
Fraud Detection Supervisor319,000 XOF
Internal Bank Audit Manager670,000 XOF
Internal Bank Auditor340,000 XOF
Internal Private Banker268,000 XOF
International Banking Manager758,000 XOF
Investment Banking Analyst544,000 XOF
Loan Analyst371,000 XOF
Loan Area Manager432,000 XOF
Loan Audit Team Leader405,000 XOF
Loan Branch Manager422,000 XOF
Loan Business Development Officer217,000 XOF
Loan Clerk134,000 XOF
Loan Collection and Recovery Manager456,000 XOF
Loan Collection Manager433,000 XOF
Loan Collector119,000 XOF
Loan Examiner167,000 XOF
Loan Officer142,000 XOF
Loan Processing Manager393,000 XOF
Loan Processor173,000 XOF
Loan Quality Assurance Auditor371,000 XOF
Loan Quality Assurance Manager394,000 XOF
Loan Quality Assurance Representative277,000 XOF
Loan Review Manager398,000 XOF
Loan Team Leader376,000 XOF
Loans Manager507,000 XOF
Mortgage Advisor246,000 XOF
Mortgage Collection Manager438,000 XOF
Mortgage Collector117,000 XOF
Mortgage Credit Analyst200,000 XOF
Mortgage Credit Manager401,000 XOF
Mortgage Development Manager485,000 XOF
Mortgage Document Reviewer157,000 XOF
Mortgage Funding Manager493,000 XOF
Mortgage Operations Manager636,000 XOF
Mortgage Payment Processing Clerk134,000 XOF
Mortgage Processing Manager416,000 XOF
Mortgage Processor172,000 XOF
Mortgage Quality Assurance Auditor365,000 XOF
Mortgage Quality Assurance Manager399,000 XOF
Mortgage Servicing Clerk127,000 XOF
Mortgage Servicing Manager425,000 XOF
Mortgage Underwriter157,000 XOF
Online Banking Manager614,000 XOF
Open Banking Strategist361,000 XOF
Payment Processing Clerk132,000 XOF
Personal Banker277,000 XOF
Personal Banking Advisor 277,000 XOF
Phone Banker177,000 XOF
Private Banker257,000 XOF
Reconciliation and Investigation Specialist304,000 XOF
Tax Officer227,000 XOF
Teller129,000 XOF
Trade Officer143,000 XOF
Trade Product Manager433,000 XOF
Trader173,000 XOF
Treasury Operations Officer326,000 XOF
Wealth Management Advisor509,000 XOF


Banking Jobs Pay Scale and Salaries in Cote Divoire

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

5% of people earn
370,000 XOF or more
10% of people earn
306,000 to 370,000 XOF
20% of people earn
166,000 XOF or less
65% of people earn
166,000 to 306,000 XOF
Minimum Salary
115,000 XOF
Median
331,000 XOF
Maximum
752,000 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 in Banking in Cote Divoire range from 115,000 XOF (starting average salary) to 752,000 XOF (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Banking is 331,000 XOF, implying that half of the workforce in Cote Divoire earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Cote Divoire earn less than 247,000 XOF, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 407,000 XOF, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Cote Divoire. The analysis revealed that roughly 65% of all reported salaries fell within the range of 166,000 XOF to 306,000 XOF. Approximately 20% of salaries were below the 166,000 XOF mark, while 10% ranged from 306,000 XOF to 370,000 XOF. Only 5% of individuals earned a gross salary of 370,000 XOF or higher.

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 in Banking in Cote Divoire 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.


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.
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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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.

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 degree levels across many jobs in Banking in Cote Divoire, 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 certificate 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 Cote Divoire costs anywhere from 1,690,000 XOF to 5,070,000 XOF and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Banking / Cote Divoire

Salary comparison by gender Cote Divoire Banking 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? In the field of Banking in Cote Divoire, the average difference between the salary of male and female employees is 7%.

Male
379,000 XOF
Female-6%
355,000 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 / Banking / Cote Divoire

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

Professionals working in Banking in Cote Divoire are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Cote Divoire Banking
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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 / Banking / Cote Divoire

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cote Divoire Banking
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40% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
60%
No Bonus
40%

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.

Hourly Average Wage / Banking / Cote Divoire


2,130 XOF per hour

The average hourly wage (pay per hour) in Banking in Cote Divoire is 2,130 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 in Banking in Cote Divoire is 670 XOF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

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 in Banking in Cote Divoire?

A good and competitive compensation would range anywhere between 331,000 XOF and 407,000 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 jobs in Banking in Cote Divoire ranges from 115,000 XOF to 247,000 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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