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Banking Average Salaries in Djibouti 2022

How much money does a person working in Banking make in Djibouti?


Average Monthly Salary
299,000 DJF
( 3,590,000 DJF yearly)

LOW
94,200
DJF
AVERAGE
299,000
DJF
HIGH
615,000
DJF

A person working in Banking in Djibouti typically earns around 299,000 DJF per month. Salaries range from 94,200 DJF (lowest average) to 615,000 DJF (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking 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
AML Analyst426,000 DJF
Assistant Bank Branch Manager369,000 DJF
Assistant Bank Manager461,000 DJF
ATM Manager413,000 DJF
ATM Service Technician109,000 DJF
Bank Accounts Analyst159,000 DJF
Bank Accounts Controller203,000 DJF
Bank Accounts Executive289,000 DJF
Bank Accounts Manager356,000 DJF
Bank Auditing Manager337,000 DJF
Bank Branch Manager474,000 DJF
Bank Clerk92,100 DJF
Bank Compliance Specialist267,000 DJF
Bank Manager580,000 DJF
Bank Operational Risk Manager592,000 DJF
Bank Operations Head582,000 DJF
Bank Operations Officer216,000 DJF
Bank Operations Specialist348,000 DJF
Bank Process Manager319,000 DJF
Bank Product Manager 355,000 DJF
Bank Programme Manager402,000 DJF
Bank Project Manager470,000 DJF
Bank Propositions Manager407,000 DJF
Bank Quantitative Analyst291,000 DJF
Bank Regional Manager573,000 DJF
Bank Regional Risk Officer302,000 DJF
Bank Relationship Manager445,000 DJF
Bank Relationship Officer186,000 DJF
Banker200,000 DJF
Banking Business Analyst302,000 DJF
Banking Business Development Officer188,000 DJF
Banking Business Planning Executive443,000 DJF
Banking Product Manager388,000 DJF
Banking Reference Data Manager337,000 DJF
Banking Risk Analyst298,000 DJF
Banking Technical Analyst163,000 DJF
Bankruptcy Coordinator219,000 DJF
Budget Analyst292,000 DJF
Cards Marketing Manager374,000 DJF
Cash Management Manager505,000 DJF
Check Processing Manager396,000 DJF
Commercial Vault Associate288,000 DJF
Corporate Dealer314,000 DJF
Credit Analyst232,000 DJF
Credit and Collections Manager387,000 DJF
Credit Card Fraud Investigator315,000 DJF
Credit Portfolio Manager571,000 DJF
Credit Risk Analyst327,000 DJF
Credit Risk Associate303,000 DJF
Direct Bank Sales Representative207,000 DJF
Financial Bank Planning Consultant383,000 DJF
Financial Banking Analysis Manager438,000 DJF
Financial Banking Assistant136,000 DJF
Financial Banking Systems Manager413,000 DJF
Foreign Exchange Manager424,000 DJF
Fraud Analyst312,000 DJF
Fraud Detection Associate223,000 DJF
Fraud Detection Manager462,000 DJF
Fraud Detection Supervisor258,000 DJF
Internal Bank Audit Manager549,000 DJF
Internal Bank Auditor280,000 DJF
International Banking Manager627,000 DJF
Loan Analyst286,000 DJF
Loan Area Manager366,000 DJF
Loan Audit Team Leader343,000 DJF
Loan Branch Manager326,000 DJF
Loan Business Development Officer186,000 DJF
Loan Clerk105,000 DJF
Loan Collection Manager375,000 DJF
Loan Collector94,200 DJF
Loan Examiner133,000 DJF
Loan Processing Manager316,000 DJF
Loan Processor140,000 DJF
Loan Quality Assurance Auditor302,000 DJF
Loan Quality Assurance Manager322,000 DJF
Loan Quality Assurance Representative228,000 DJF
Loan Review Manager330,000 DJF
Loan Team Leader313,000 DJF
Mortgage Advisor207,000 DJF
Mortgage Collection Manager334,000 DJF
Mortgage Collector99,000 DJF
Mortgage Credit Analyst154,000 DJF
Mortgage Credit Manager344,000 DJF
Mortgage Development Manager379,000 DJF
Mortgage Document Reviewer124,000 DJF
Mortgage Funding Manager390,000 DJF
Mortgage Operations Manager519,000 DJF
Mortgage Payment Processing Clerk110,000 DJF
Mortgage Processing Manager331,000 DJF
Mortgage Processor138,000 DJF
Mortgage Quality Assurance Auditor301,000 DJF
Mortgage Quality Assurance Manager331,000 DJF
Mortgage Servicing Clerk102,000 DJF
Mortgage Servicing Manager344,000 DJF
Mortgage Underwriter131,000 DJF
Online Banking Manager512,000 DJF
Payment Processing Clerk111,000 DJF
Personal Banker223,000 DJF
Personal Banking Advisor 215,000 DJF
Phone Banker145,000 DJF
Private Banker217,000 DJF
Reconciliation and Investigation Specialist254,000 DJF
Teller99,900 DJF
Trade Officer118,000 DJF
Trade Product Manager358,000 DJF
Trader144,000 DJF
Treasury Operations Officer266,000 DJF

Banking Jobs Salary Distribution in Djibouti

Median and salary distribution monthly Djibouti Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    Banking salaries in Djibouti range from 94,200 DJF per month (minimum average salary) to 615,000 DJF per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 281,000 DJF per month, which means that half (50%) of people working in Banking are earning less than 281,000 DJF while the other half are earning more than 281,000 DJF. 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 Banking are earning less than 169,000 DJF while 75% of them are earning more than 169,000 DJF. Also from the diagram, 75% of people working in Banking are earning less than 421,000 DJF while 25% are earning more than 421,000 DJF.


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 Djibouti costs anywhere from 1,380,000 Djibouti Franc(s) to 4,130,000 Djibouti Franc(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.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Djibouti Banking
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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 in Djibouti who work in Banking earn 16% more than their female counterparts on average.

Male
316,000 DJF
Female-14%
273,000 DJF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Djibouti for all Careers

Salary comparison by gender monthly Djibouti
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Banking Average Annual Salary Increment Percentage in Djibouti

How much are annual salary increments in Djibouti for Banking professionals? How often do employees get salary raises?

Banking

Banking professionals in Djibouti 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 Djibouti 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.

Djibouti / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Djibouti is 2%.

Annual Increment Rate By Industry 2021

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Djibouti for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Banking Bonus and Incentive Rates in Djibouti

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Djibouti Banking
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Banking is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

43% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
57%
No Bonus
43%

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.

Banking Hourly Average Wage in Djibouti


1,730 DJF per hour

The average hourly wage (pay per hour) in Djibouti is 1,730 DJF. This means that the average person in Djibouti earns approximately 1,730 DJF 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Djibouti
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The average salary for Banking is 9% more than that of All Jobs.

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 Djibouti earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
264,000 DJF
Public Sector+7%
284,000 DJF
Percentage increase and decrease are relative to the previous value

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