Accounting and Finance Average Salaries in Djibouti 2023
How much money does a person working in Accounting and Finance make in Djibouti?
LOW
115,000
DJF AVERAGE
284,000
DJF HIGH
569,000
DJF
A person working in Accounting and Finance in Djibouti typically earns around 284,000 DJF per month. Salaries range from 115,000 DJF (lowest average) to 569,000 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 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 Title | Average Salary |
| Account Examiner | 148,000 DJF |
| Account Executive | 244,000 DJF |
| Accountant | 193,000 DJF |
| Accounting Assistant | 145,000 DJF |
| Accounting Associate | 136,000 DJF |
| Accounting Clerk | 116,000 DJF |
| Accounting Coordinator | 177,000 DJF |
| Accounting Manager | 410,000 DJF |
| Accounting Supervisor | 264,000 DJF |
| Accounting Technician | 129,000 DJF |
| Accounts Executive | 239,000 DJF |
| Accounts Payable and Receivable Specialist | 191,000 DJF |
| Accounts Payable Clerk | 138,000 DJF |
| Accounts Payable Manager | 388,000 DJF |
| Accounts Receivable Clerk | 140,000 DJF |
| Accounts Receivable Manager | 388,000 DJF |
| Assistant Accounting Manager | 367,000 DJF |
| Assistant Auditor | 185,000 DJF |
| Audit Supervisor | 363,000 DJF |
| Auditing Clerk | 156,000 DJF |
| Auditing Manager | 388,000 DJF |
| Billing Coordinator | 169,000 DJF |
| Billing Specialist | 210,000 DJF |
| Billing Supervisor | 279,000 DJF |
| Bookkeeper | 127,000 DJF |
| Bookkeeping Specialist | 176,000 DJF |
| Budget Analyst | 319,000 DJF |
| Budget Manager | 406,000 DJF |
| Business Support Analyst | 209,000 DJF |
| Capital Markets Associate | 291,000 DJF |
| Cash Flow Analyst | 285,000 DJF |
| Cash Management Officer | 221,000 DJF |
| Cashbook Clerk | 127,000 DJF |
| Chartered Accountant | 235,000 DJF |
| Collections Clerk | 115,000 DJF |
| Collections Specialist | 187,000 DJF |
| Corporate Treasurer | 351,000 DJF |
| Cost Accountant | 195,000 DJF |
| Cost Accounting Manager | 387,000 DJF |
| Cost Analyst | 298,000 DJF |
| Credit and Collection Manager | 393,000 DJF |
| Credit and Collection Staff | 144,000 DJF |
| Credit and Loans Officer | 143,000 DJF |
| Credit Controller | 255,000 DJF |
| Debt Adviser | 318,000 DJF |
| Debt Collector | 149,000 DJF |
| Debtors Clerk | 136,000 DJF |
| Deputy CFO | 549,000 DJF |
| Derivative Trader | 330,000 DJF |
| Escrow Assistant | 163,000 DJF |
| External Auditor | 277,000 DJF |
| Finance Associate | 169,000 DJF |
| Finance Executive | 420,000 DJF |
| Finance Licensing Clerk | 142,000 DJF |
| Finance Licensing Manager | 361,000 DJF |
| Finance Licensing Specialist | 217,000 DJF |
| Finance Officer | 180,000 DJF |
| Finance President | 540,000 DJF |
| Finance Relationship Manager | 455,000 DJF |
| Finance Release Analyst | 222,000 DJF |
| Finance Team Leader | 443,000 DJF |
| Financial Actuary | 300,000 DJF |
| Financial Administrator | 329,000 DJF |
| Financial Analyst | 351,000 DJF |
| Financial Applications Specialist | 235,000 DJF |
| Financial Assistant | 160,000 DJF |
| Financial Associate | 158,000 DJF |
| Financial Claims Analyst | 264,000 DJF |
| Financial Claims Manager | 336,000 DJF |
| Financial Commercial Analyst | 285,000 DJF |
| Financial Compliance Analyst | 321,000 DJF |
| Financial Consultant | 247,000 DJF |
| Financial Controller | 304,000 DJF |
| Financial Coordinator | 168,000 DJF |
| Financial Customer Service Manager | 334,000 DJF |
| Financial Dealer and Broker | 198,000 DJF |
| Financial Encoder | 166,000 DJF |
| Financial Manager | 516,000 DJF |
| Financial Operations Manager | 469,000 DJF |
| Financial Policy Analyst | 309,000 DJF |
| Financial Project Manager | 402,000 DJF |
| Financial Quantitative Analyst | 323,000 DJF |
| Financial Reporting Consultant | 263,000 DJF |
| Financial Reporting Manager | 380,000 DJF |
| Financial Services Sales Agent | 211,000 DJF |
| Fixed Assets Administrator | 191,000 DJF |
| Forensic Accountant | 230,000 DJF |
| Fraud Detection Supervisor | 239,000 DJF |
| Fraud Prevention Manager | 380,000 DJF |
| Fund Accountant | 189,000 DJF |
| Grants Coordinator | 140,000 DJF |
| Internal Auditor | 254,000 DJF |
| Internal Control Adviser | 305,000 DJF |
| Internal Control Officer | 162,000 DJF |
| Inventory Accountant | 196,000 DJF |
| Investment Analyst | 359,000 DJF |
| Investment Fund Manager | 420,000 DJF |
| Investment Underwriter | 170,000 DJF |
| Investor | 258,000 DJF |
| Investor Relations Manager | 386,000 DJF |
| KYC Team Leader | 366,000 DJF |
| Management Economist | 447,000 DJF |
| Paymaster | 159,000 DJF |
| Payroll Clerk | 160,000 DJF |
| Payroll Manager | 357,000 DJF |
| Pensions Administrator | 203,000 DJF |
| Pricing Analyst | 324,000 DJF |
| Private Equity Analyst | 352,000 DJF |
| Proposal Development Coordinator | 171,000 DJF |
| Receivables Accountant | 182,000 DJF |
| Regulatory Accountant | 213,000 DJF |
| Retirement Plan Analyst | 309,000 DJF |
| Revenue Management Specialist | 308,000 DJF |
| Revenue Recognition Analyst | 370,000 DJF |
| Risk Management Director | 467,000 DJF |
| Risk Management Supervisor | 369,000 DJF |
| Tax Accountant | 172,000 DJF |
| Tax Advisor | 282,000 DJF |
| Tax Associate | 164,000 DJF |
| Tax Manager | 404,000 DJF |
| Teller | 108,000 DJF |
| Treasury Accountant | 200,000 DJF |
| Treasury Analyst | 331,000 DJF |
| Underwriter | 137,000 DJF |
| Underwriting Assistant | 123,000 DJF |
| Vice President of Finance | 532,000 DJF |
Accounting and Finance Jobs Pay Scale and Salaries in Djibouti
Salary Structure and Pay Scale Comparison
288,000 DJF or more
244,000 to 288,000 DJF
147,000 DJF or less
147,000 to 244,000 DJF
 115,000 DJF |
250,000 DJF |
569,000 DJF |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Accounting and Finance salaries in Djibouti range from 115,000 DJF per month (starting average salary) to 569,000 DJF per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 250,000 DJF per month, which means that half (50%) of people working in Accounting and Finance are earning less than 250,000 DJF while the other half are earning more than 250,000 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 and Salary Scale
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 196,000 DJF while 75% of them are earning more than 196,000 DJF. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 303,000 DJF while 25% are earning more than 303,000 DJF.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 147,000 DJF to 244,000 DJF. Approximatly 20% fall under the 147,000 DJF cap. Ten percent of wages are from 244,000 DJF to 288,000 DJF. Only 5% of people grossed 288,000 DJF or more.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
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.
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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.
Salary and Compensation Comparison By Gender - Accounting and Finance
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 Accounting and Finance earn 16% more than their female counterparts on average.
| Male | 299,000 DJF | |
| Female | -14% | 258,000 DJF |
Salary Comparison By Gender in Djibouti for all Careers
Accounting and Finance Average Annual Salary Increment Percentage in Djibouti
How much are annual salary increments in Djibouti for Accounting and Finance professionals? How often do employees get salary raises?
Accounting and Finance
Accounting and Finance 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.
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
Annual Increment Rate By Industry 2022
| 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 2022. 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
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.
Accounting and Finance Bonus and Incentive Rates in Djibouti
How much and how often are bonuses being awarded?
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Accounting and Finance is considered to be a high bonus-based field. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
43% of surveyed staff in Accounting and Finance 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 BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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.
Accounting and Finance Salary Forecast and Trend in Djibouti
How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 258,000 DJF | |
| Average Salary 2020 | +3% | 266,000 DJF |
| Average Salary 2021 | +3% | 275,000 DJF |
| Average Salary 2022 | +1% | 278,000 DJF |
Accounting and Finance salaries in Djibouti are rising in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 1% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Accounting and Finance Hourly Average Wage in Djibouti
1,640 DJF per hourThe average hourly wage (pay per hour) in Djibouti is 1,640 DJF. This means that the average person in Djibouti earns approximately 1,640 DJF for every worked hour.
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 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.
What is the minimum hourly rate of pay?
This minimum pay rate per hour for a person in Djibouti is 660 DJF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Accounting and Finance VS Other Jobs
The average salary for Accounting and Finance is 3% 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for Accounting and Finance in Djibouti?
A good and competitive compensation would range anywhere between 250,000 DJF and 303,000 DJF. This is a very rough estimate and your experience and education will play a very huge part into your 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 salart after tax for every career.
Base / Basic Salary
The base salary for Accounting and Finance in Djibouti is ranges from 196,000 DJF to 303,000 DJF. 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 in 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 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
