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Accounting and Finance Average Salaries in Cote Divoire 2024

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


Average Monthly Salary
350,000 XOF
( 4,200,000 XOF yearly)

LOW
140,000
XOF
AVERAGE
350,000
XOF
HIGH
697,000
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 Accounting and Finance in Cote Divoire typically earns around 350,000 XOF. Salaries range from 140,000 XOF (lowest average) to 697,000 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 Accounting and Finance 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
Accounting and Finance
Account Examiner183,000 XOF
Account Executive300,000 XOF
Accountant240,000 XOF
Accounting Analyst296,000 XOF
Accounting Assistant179,000 XOF
Accounting Associate175,000 XOF
Accounting Clerk143,000 XOF
Accounting Coordinator220,000 XOF
Accounting Head475,000 XOF
Accounting Manager502,000 XOF
Accounting Officer170,000 XOF
Accounting Specialist329,000 XOF
Accounting Supervisor336,000 XOF
Accounting Technician163,000 XOF
Accounting Unit Controller385,000 XOF
Accounts Executive298,000 XOF
Accounts Officer181,000 XOF
Accounts Payable and Receivable Specialist230,000 XOF
Accounts Payable Assistant194,000 XOF
Accounts Payable Associate211,000 XOF
Accounts Payable Clerk167,000 XOF
Accounts Payable Manager469,000 XOF
Accounts Receivable Administrator358,000 XOF
Accounts Receivable Clerk168,000 XOF
Accounts Receivable Financial Analyst333,000 XOF
Accounts Receivable Manager464,000 XOF
Accounts Receivable Team Leader349,000 XOF
Algorithmic Trading Specialist398,000 XOF
Assistant Accountant173,000 XOF
Assistant Accounting Manager429,000 XOF
Assistant Auditor241,000 XOF
Assistant Corporate Controller306,000 XOF
Assistant Finance Manager475,000 XOF
Assistant Financial Controller321,000 XOF
Audit Director528,000 XOF
Audit Supervisor421,000 XOF
Auditing Clerk181,000 XOF
Auditing Manager486,000 XOF
Billing Clerk187,000 XOF
Billing Coordinator213,000 XOF
Billing Specialist253,000 XOF
Billing Supervisor342,000 XOF
Bookkeeper156,000 XOF
Bookkeeping Specialist222,000 XOF
Budget Analyst388,000 XOF
Budget Manager490,000 XOF
Business Support Analyst271,000 XOF
Capital Markets Associate368,000 XOF
Cash Flow Analyst342,000 XOF
Cash Management Manager472,000 XOF
Cash Management Officer262,000 XOF
Cashbook Clerk153,000 XOF
Chartered Accountant307,000 XOF
Chief Accountant347,000 XOF
Chief Financial Technology Officer500,000 XOF
Collections Clerk149,000 XOF
Collections Representative195,000 XOF
Collections Specialist237,000 XOF
Corporate Controller377,000 XOF
Corporate Treasurer444,000 XOF
Cost Accountant230,000 XOF
Cost Accounting Manager486,000 XOF
Cost Accounting Supervisor367,000 XOF
Cost Analyst372,000 XOF
Credit and Collection Manager475,000 XOF
Credit and Collection Staff173,000 XOF
Credit and Loans Officer178,000 XOF
Credit Controller321,000 XOF
Credit Manager490,000 XOF
Debt Adviser378,000 XOF
Debt Collector194,000 XOF
Debtors Clerk159,000 XOF
Debtors Controller170,000 XOF
Deputy CFO655,000 XOF
Deputy Head of Finance659,000 XOF
Derivative Trader419,000 XOF
Director of Finance667,000 XOF
E-commerce Accountant238,000 XOF
Economist568,000 XOF
Equity Analyst417,000 XOF
Escrow Assistant200,000 XOF
Executive Accountant267,000 XOF
External Auditor345,000 XOF
Finance Administrator280,000 XOF
Finance Analyst423,000 XOF
Finance Associate199,000 XOF
Finance Data Analyst385,000 XOF
Finance Director712,000 XOF
Finance Executive523,000 XOF
Finance Licensing Clerk166,000 XOF
Finance Licensing Manager463,000 XOF
Finance Licensing Specialist250,000 XOF
Finance Manager645,000 XOF
Finance Officer232,000 XOF
Finance President708,000 XOF
Finance Relationship Manager568,000 XOF
Finance Release Analyst271,000 XOF
Finance Specialist402,000 XOF
Finance Team Leader 549,000 XOF
Financial Accountant229,000 XOF
Financial Actuary375,000 XOF
Financial Administrator395,000 XOF
Financial Advisor420,000 XOF
Financial Analyst442,000 XOF
Financial Applications Specialist303,000 XOF
Financial Assistant186,000 XOF
Financial Associate233,000 XOF
Financial Associate198,000 XOF
Financial Claims Analyst310,000 XOF
Financial Claims Manager432,000 XOF
Financial Claims Supervisor383,000 XOF
Financial Clerk187,000 XOF
Financial Commercial Analyst355,000 XOF
Financial Compliance Analyst372,000 XOF
Financial Compliance Officer359,000 XOF
Financial Consultant322,000 XOF
Financial Controller387,000 XOF
Financial Controller374,000 XOF
Financial Coordinator206,000 XOF
Financial Customer Service Manager409,000 XOF
Financial Data Scientist445,000 XOF
Financial Dealer and Broker251,000 XOF
Financial Director667,000 XOF
Financial Encoder195,000 XOF
Financial Manager674,000 XOF
Financial Manager627,000 XOF
Financial Modelling Analyst410,000 XOF
Financial Operations Manager572,000 XOF
Financial Policy Analyst382,000 XOF
Financial Project Manager504,000 XOF
Financial Quantitative Analyst403,000 XOF
Financial Reporting Consultant335,000 XOF
Financial Reporting Manager471,000 XOF
Financial Section Head469,000 XOF
Financial Services Manager584,000 XOF
Financial Services Sales Agent260,000 XOF
Financial Technology Consultant379,000 XOF
Financial Wellness Coach471,000 XOF
FinTech Analyst417,000 XOF
Fixed Assets Administrator234,000 XOF
Forensic Accountant287,000 XOF
Fraud Detection Supervisor291,000 XOF
Fraud Prevention Manager460,000 XOF
Fund Accountant227,000 XOF
Grants Coordinator180,000 XOF
Green Finance Analyst369,000 XOF
Group Financial Manager674,000 XOF
Internal Auditor314,000 XOF
Internal Control Adviser372,000 XOF
Internal Control Officer196,000 XOF
International Tax Director553,000 XOF
Inventory Accountant252,000 XOF
Investment Advisor607,000 XOF
Investment Analyst473,000 XOF
Investment Associate412,000 XOF
Investment Broker383,000 XOF
Investment Fund Manager522,000 XOF
Investment Operations Manager537,000 XOF
Investment Underwriter210,000 XOF
Investor319,000 XOF
Investor Relations Manager475,000 XOF
KYC Team Leader454,000 XOF
Loan Processor193,000 XOF
Management Accountant261,000 XOF
Management Economist550,000 XOF
Paymaster198,000 XOF
Payroll Administrator321,000 XOF
Payroll Benefits Coordinator261,000 XOF
Payroll Billing Manager411,000 XOF
Payroll Clerk203,000 XOF
Payroll Manager448,000 XOF
Payroll Officer207,000 XOF
Payroll Specialist236,000 XOF
Payroll Supervisor298,000 XOF
Pensions Administrator250,000 XOF
Personal Financial Advisor349,000 XOF
Pricing Analyst406,000 XOF
Private Equity Analyst409,000 XOF
Project Accountant249,000 XOF
Proposal Development Coordinator210,000 XOF
Quantitative Trader325,000 XOF
Receivables Accountant212,000 XOF
Regulatory Accountant268,000 XOF
Retirement Plan Analyst377,000 XOF
Revenue Management Specialist374,000 XOF
Revenue Recognition Analyst456,000 XOF
Risk Management Director568,000 XOF
Risk Management Supervisor446,000 XOF
Staff Accountant234,000 XOF
Tax Accountant212,000 XOF
Tax Administrator247,000 XOF
Tax Advisor368,000 XOF
Tax Analyst351,000 XOF
Tax Associate201,000 XOF
Tax Consultant386,000 XOF
Tax Director535,000 XOF
Tax Examiner260,000 XOF
Tax Manager486,000 XOF
Tax Research Manager463,000 XOF
Teller143,000 XOF
Treasury Accountant246,000 XOF
Treasury Analyst396,000 XOF
Underwriter172,000 XOF
Underwriting Assistant154,000 XOF
Vice President of Finance648,000 XOF


Accounting and Finance Jobs Pay Scale and Salaries in Cote Divoire

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

5% of people earn
363,000 XOF or more
10% of people earn
307,000 to 363,000 XOF
20% of people earn
185,000 XOF or less
65% of people earn
185,000 to 307,000 XOF
Minimum Salary
140,000 XOF
Median
318,000 XOF
Maximum
697,000 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 Accounting and Finance in Cote Divoire range from 140,000 XOF (starting average salary) to 697,000 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 Accounting and Finance is 318,000 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 Accounting and Finance in Cote Divoire earn less than 249,000 XOF, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 385,000 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 Accounting and Finance in Cote Divoire. The analysis revealed that roughly 65% of all reported salaries fell within the range of 185,000 XOF to 307,000 XOF. Approximately 20% of salaries were below the 185,000 XOF mark, while 10% ranged from 307,000 XOF to 363,000 XOF. Only 5% of individuals earned a gross salary of 363,000 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 Accounting and Finance 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 Accounting and Finance 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 / Accounting and Finance / Cote Divoire

Salary comparison by gender Cote Divoire Accounting and Finance 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 Accounting and Finance in Cote Divoire, the average difference between the salary of male and female employees is 7%.

Male
360,000 XOF
Female-6%
337,000 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 / Accounting and Finance / Cote Divoire

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

Professionals working in Accounting and Finance 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 Accounting and Finance
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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 / Accounting and Finance / Cote Divoire

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cote Divoire Accounting and Finance
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40% of surveyed staff in Accounting and Finance 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 / Accounting and Finance / Cote Divoire


2,020 XOF per hour

The average hourly wage (pay per hour) in Accounting and Finance in Cote Divoire is 2,020 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 Accounting and Finance in Cote Divoire is 810 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 Accounting and Finance in Cote Divoire?

A good and competitive compensation would range anywhere between 318,000 XOF and 385,000 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 Accounting and Finance in Cote Divoire ranges from 140,000 XOF to 249,000 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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