HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Financial Encoder Average Salary in Egypt 2024

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


Average Monthly Salary
5,200 EGP
( 62,300 EGP yearly)

LOW
2,700
EGP
AVERAGE
5,200
EGP
HIGH
7,950
EGP
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 Egypt typically earns around 5,200 EGP. Salaries range from 2,700 EGP (lowest) to 7,950 EGP (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Financial Encoder salaries in Egypt 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 Egypt

Median and salary distribution Egypt Financial Encoder monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/financial-encoder/median-and-salary-distribution-monthly-egypt-financial-encoder.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
4,700 EGP or more
10% of people earn
4,190 to 4,700 EGP
20% of people earn
3,060 EGP or less
65% of people earn
3,060 to 4,190 EGP
Minimum Salary
2,700 EGP
Median
4,720 EGP
Maximum
7,950 EGP




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 Egypt range from 2,700 EGP (starting salary) to 7,950 EGP (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 4,720 EGP, half of the professionals who work as Financial Encoder in Egypt 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 Egypt earn less than 3,920 EGP, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,360 EGP 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 Egypt compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,060 EGP to 4,190 EGP. About 20% of salaries are below the 3,060 EGP mark, while 10% fall within the range of 4,190 EGP to 4,700 EGP. Only 5% of individuals have salaries exceeding 4,700 EGP.

Salary Comparison by Years of Experience / Financial Encoder / Egypt

How do experience and age affect pay?

0 - 2 Years
3,070 EGP
2 - 5 Years+34%
4,120 EGP
5 - 10 Years+30%
5,350 EGP
10 - 15 Years+21%
6,480 EGP
15 - 20 Years+9%
7,080 EGP
20+ Years+5%
7,450 EGP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Egypt Financial Encoder
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/financial-encoder/salary-comparison-by-years-of-experience-monthly-egypt-financial-encoder.jpg

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 3,070 EGP.

While someone with an experience level between two and five years is expected to earn 4,120 EGP, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 5,350 EGP, 30% 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 6,480 EGP, 21% 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 7,080 EGP, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 7,450 EGP, 5% 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Financial Encoder / Egypt

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
3,650 EGP
Certificate or Diploma+43%
5,220 EGP
Bachelor's Degree+38%
7,210 EGP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Egypt Financial Encoder
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/financial-encoder/salary-comparison-by-education-level-monthly-egypt-financial-encoder.jpg

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 3,650 EGP.


Level 2: Certificate or Diploma

At this level, the average salary becomes 5,220 EGP, 43% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 7,210 EGP, 38% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Financial Encoder / Egypt

Salary comparison by gender Egypt Financial Encoder monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/financial-encoder/salary-comparison-by-gender-monthly-egypt-financial-encoder.jpg

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 Egypt, the average difference between the salary of male and female employees is 13%.

Male
5,580 EGP
Female-11%
4,950 EGP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Egypt for all Careers

Salary comparison by gender monthly Egypt
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/salary-comparison-by-gender-monthly-egypt.jpg


Average Annual Salary Increment Percentage / Financial Encoder / Egypt

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

Individuals working as Financial Encoder in Egypt are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Egypt Financial Encoder
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/financial-encoder/annual-salary-increment-rate-egypt-financial-encoder.jpg


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.

Egypt / All Professions

Annual Salary Increment Rate Egypt
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/annual-salary-increment-rate-egypt.jpg

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 Egypt is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

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 / Egypt

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Egypt Financial Encoder
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/egypt/accounting-and-finance/financial-encoder/annual-salary-bonus-rate-egypt-financial-encoder.jpg

74% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 26% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
26%
No Bonus
74%

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 / Egypt


30 EGP per hour

The average hourly wage (pay per hour) for individuals working as Financial Encoder in Egypt is 30 EGP.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 Egypt is 16 EGP. 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 Examiner4,720 EGP-9%
Account Executive8,410 EGP+62%
Accountant6,350 EGP+22%
Accounting Analyst7,810 EGP+50%
Accounting Assistant4,790 EGP-8%
Accounting Associate4,650 EGP-10%
Accounting Clerk3,850 EGP-26%
Accounting Coordinator5,660 EGP+9%
Accounting Head13,300 EGP+160%
Accounting Manager13,700 EGP+160%
Accounting Officer4,550 EGP-12%
Accounting Specialist8,870 EGP+71%
Accounting Supervisor9,140 EGP+76%
Accounting Technician4,430 EGP-15%
Accounting Unit Controller10,300 EGP+98%
Accounts Executive8,380 EGP+61%
Accounts Officer4,950 EGP-5%
Accounts Payable and Receivable Specialist6,670 EGP+28%
Accounts Payable Assistant5,180 EGP-0%
Accounts Payable Associate5,680 EGP+9%
Accounts Payable Clerk4,620 EGP-11%
Accounts Payable Manager13,100 EGP+150%
Accounts Receivable Administrator9,370 EGP+80%
Accounts Receivable Clerk4,750 EGP-9%
Accounts Receivable Financial Analyst9,280 EGP+79%
Accounts Receivable Manager12,000 EGP+130%
Accounts Receivable Team Leader9,370 EGP+80%
Algorithmic Trading Specialist11,500 EGP+120%
Assistant Accountant5,060 EGP-3%
Assistant Accounting Manager12,300 EGP+140%
Assistant Auditor6,100 EGP+17%
Assistant Corporate Controller8,350 EGP+61%
Assistant Finance Manager13,500 EGP+160%
Assistant Financial Controller8,660 EGP+67%
Audit Director15,000 EGP+190%
Audit Supervisor11,500 EGP+120%
Auditing Clerk4,950 EGP-5%
Auditing Manager13,800 EGP+170%
Billing Clerk4,890 EGP-6%
Billing Coordinator5,630 EGP+8%
Billing Specialist6,870 EGP+32%
Billing Supervisor10,100 EGP+94%
Bookkeeper4,190 EGP-19%
Bookkeeping Specialist6,040 EGP+16%
Budget Analyst10,600 EGP+100%
Budget Manager13,500 EGP+160%
Business Support Analyst6,880 EGP+32%
Capital Markets Associate9,760 EGP+88%
Cash Flow Analyst9,530 EGP+83%
Cash Management Manager12,000 EGP+130%
Cash Management Officer7,450 EGP+43%
Cashbook Clerk4,120 EGP-21%
Chartered Accountant7,990 EGP+54%
Chief Accountant9,890 EGP+90%
Chief Financial Technology Officer13,400 EGP+160%
Collections Clerk4,060 EGP-22%
Collections Representative5,750 EGP+11%
Collections Specialist6,520 EGP+26%
Corporate Controller10,000 EGP+92%
Corporate Treasurer12,200 EGP+130%
Cost Accountant6,480 EGP+25%
Cost Accounting Manager12,200 EGP+130%
Cost Accounting Supervisor9,950 EGP+92%
Cost Analyst10,500 EGP+100%
Credit and Collection Manager13,100 EGP+150%
Credit and Collection Staff4,890 EGP-6%
Credit and Loans Officer4,580 EGP-12%
Credit Controller8,620 EGP+66%
Credit Manager12,700 EGP+140%
Debt Adviser10,900 EGP+110%
Debt Collector5,120 EGP-1%
Debtors Clerk4,500 EGP-13%
Debtors Controller4,550 EGP-12%
Deputy CFO16,700 EGP+220%
Deputy Head of Finance17,200 EGP+230%
Derivative Trader11,400 EGP+120%
Director of Finance19,600 EGP+280%
E-commerce Accountant6,520 EGP+26%
Economist14,200 EGP+170%
Equity Analyst11,000 EGP+110%
Escrow Assistant5,820 EGP+12%
Executive Accountant7,000 EGP+35%
External Auditor9,000 EGP+73%
Finance Administrator7,680 EGP+48%
Finance Analyst11,600 EGP+120%
Finance Associate5,520 EGP+6%
Finance Data Analyst10,300 EGP+98%
Finance Director18,100 EGP+250%
Finance Executive13,600 EGP+160%
Finance Licensing Clerk4,760 EGP-8%
Finance Licensing Manager12,200 EGP+130%
Finance Licensing Specialist6,650 EGP+28%
Finance Manager18,300 EGP+250%
Finance Officer6,090 EGP+17%
Finance President19,200 EGP+270%
Finance Relationship Manager15,200 EGP+190%
Finance Release Analyst7,310 EGP+41%
Finance Specialist10,400 EGP+100%
Finance Team Leader 14,100 EGP+170%
Financial Accountant6,100 EGP+17%
Financial Actuary10,200 EGP+96%
Financial Administrator10,500 EGP+100%
Financial Advisor11,000 EGP+110%
Financial Analyst11,300 EGP+120%
Financial Applications Specialist8,170 EGP+57%
Financial Assistant5,080 EGP-2%
Financial Associate6,180 EGP+19%
Financial Claims Analyst8,140 EGP+57%
Financial Claims Manager11,500 EGP+120%
Financial Claims Supervisor10,300 EGP+98%
Financial Clerk4,660 EGP-10%
Financial Commercial Analyst9,380 EGP+81%
Financial Compliance Analyst10,200 EGP+96%
Financial Compliance Officer9,760 EGP+88%
Financial Consultant8,390 EGP+62%
Financial Controller9,980 EGP+92%
Financial Coordinator5,910 EGP+14%
Financial Customer Service Manager11,900 EGP+130%
Financial Data Scientist12,200 EGP+130%
Financial Dealer and Broker7,010 EGP+35%
Financial Director19,300 EGP+270%
Financial Encoder5,200 EGP+0%
Financial Manager17,800 EGP+240%
Financial Modelling Analyst11,400 EGP+120%
Financial Operations Manager16,200 EGP+210%
Financial Policy Analyst9,720 EGP+87%
Financial Project Manager12,700 EGP+140%
Financial Quantitative Analyst11,200 EGP+120%
Financial Reporting Consultant9,570 EGP+84%
Financial Reporting Manager12,000 EGP+130%
Financial Section Head12,700 EGP+140%
Financial Services Manager15,600 EGP+200%
Financial Services Sales Agent6,670 EGP+28%
Financial Technology Consultant9,610 EGP+85%
Financial Wellness Coach13,400 EGP+160%
FinTech Analyst10,800 EGP+110%
Fixed Assets Administrator6,630 EGP+28%
Forensic Accountant7,680 EGP+48%
Fraud Detection Supervisor7,750 EGP+49%
Fraud Prevention Manager12,400 EGP+140%
Fund Accountant6,180 EGP+19%
Grants Coordinator4,790 EGP-8%
Green Finance Analyst9,210 EGP+77%
Group Financial Manager17,500 EGP+240%
Internal Auditor8,280 EGP+59%
Internal Control Adviser9,890 EGP+90%
Internal Control Officer5,280 EGP+2%
International Tax Director15,500 EGP+200%
Inventory Accountant6,630 EGP+28%
Investment Advisor16,700 EGP+220%
Investment Analyst13,100 EGP+150%
Investment Associate11,200 EGP+120%
Investment Broker10,800 EGP+110%
Investment Fund Manager14,300 EGP+180%
Investment Operations Manager13,800 EGP+170%
Investment Underwriter5,260 EGP+1%
Investor8,120 EGP+56%
Investor Relations Manager12,200 EGP+130%
KYC Team Leader12,100 EGP+130%
Loan Processor5,110 EGP-2%
Management Accountant7,240 EGP+39%
Management Economist14,100 EGP+170%
Paymaster5,240 EGP+1%
Payroll Administrator8,620 EGP+66%
Payroll Benefits Coordinator7,120 EGP+37%
Payroll Billing Manager11,400 EGP+120%
Payroll Clerk5,500 EGP+6%
Payroll Manager11,100 EGP+110%
Payroll Officer5,770 EGP+11%
Payroll Specialist6,660 EGP+28%
Payroll Supervisor8,280 EGP+59%
Pensions Administrator6,410 EGP+23%
Personal Financial Advisor9,430 EGP+82%
Pricing Analyst10,100 EGP+94%
Private Equity Analyst11,300 EGP+120%
Project Accountant6,660 EGP+28%
Proposal Development Coordinator5,390 EGP+4%
Quantitative Trader9,170 EGP+77%
Receivables Accountant6,100 EGP+17%
Regulatory Accountant6,830 EGP+31%
Retirement Plan Analyst10,000 EGP+92%
Revenue Management Specialist10,000 EGP+92%
Revenue Recognition Analyst11,300 EGP+120%
Risk Management Director14,900 EGP+190%
Risk Management Supervisor13,100 EGP+150%
Staff Accountant6,350 EGP+22%
Tax Accountant6,240 EGP+20%
Tax Administrator7,040 EGP+36%
Tax Advisor9,580 EGP+84%
Tax Analyst9,230 EGP+78%
Tax Associate5,410 EGP+4%
Tax Consultant10,300 EGP+98%
Tax Director14,400 EGP+180%
Tax Examiner6,710 EGP+29%
Tax Manager13,000 EGP+150%
Tax Research Manager12,600 EGP+140%
Teller3,910 EGP-25%
Treasury Accountant6,640 EGP+28%
Treasury Analyst10,200 EGP+96%
Underwriter4,320 EGP-17%
Underwriting Assistant4,330 EGP-17%
Vice President of Finance17,200 EGP+230%

Salary Comparison By City

CityAverage Salary
Cairo5,880 EGP

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 Egypt is 6% on average across all career fields.

Private Sector
8,930 EGP
Public Sector+6%
9,480 EGP
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 Egypt?

A good and competitive compensation would range anywhere between 4,720 EGP and 5,360 EGP. 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 Egypt ranges from 2,700 EGP to 3,920 EGP. 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic

©Salary Explorer 2024