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Accounting and Finance Average Salaries in Djibouti 2023

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

Average Monthly Salary
284,000 DJF
( 3,400,000 DJF yearly)

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 Djibouti typically earns around 284,000 DJF. Salaries range from 115,000 DJF (lowest average) to 569,000 DJF (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 Djibouti 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
Account Examiner148,000 DJF
Account Executive244,000 DJF
Accountant193,000 DJF
Accounting Assistant145,000 DJF
Accounting Associate136,000 DJF
Accounting Clerk116,000 DJF
Accounting Coordinator177,000 DJF
Accounting Manager410,000 DJF
Accounting Supervisor264,000 DJF
Accounting Technician129,000 DJF
Accounts Executive239,000 DJF
Accounts Payable and Receivable Specialist191,000 DJF
Accounts Payable Clerk138,000 DJF
Accounts Payable Manager388,000 DJF
Accounts Receivable Clerk140,000 DJF
Accounts Receivable Manager388,000 DJF
Assistant Accounting Manager367,000 DJF
Assistant Auditor185,000 DJF
Audit Supervisor363,000 DJF
Auditing Clerk156,000 DJF
Auditing Manager388,000 DJF
Billing Coordinator169,000 DJF
Billing Specialist210,000 DJF
Billing Supervisor279,000 DJF
Bookkeeper127,000 DJF
Bookkeeping Specialist176,000 DJF
Budget Analyst319,000 DJF
Budget Manager406,000 DJF
Business Support Analyst209,000 DJF
Capital Markets Associate291,000 DJF
Cash Flow Analyst285,000 DJF
Cash Management Officer221,000 DJF
Cashbook Clerk127,000 DJF
Chartered Accountant235,000 DJF
Collections Clerk115,000 DJF
Collections Specialist187,000 DJF
Corporate Treasurer351,000 DJF
Cost Accountant195,000 DJF
Cost Accounting Manager387,000 DJF
Cost Analyst298,000 DJF
Credit and Collection Manager393,000 DJF
Credit and Collection Staff144,000 DJF
Credit and Loans Officer143,000 DJF
Credit Controller255,000 DJF
Debt Adviser318,000 DJF
Debt Collector149,000 DJF
Debtors Clerk136,000 DJF
Deputy CFO549,000 DJF
Derivative Trader330,000 DJF
Escrow Assistant163,000 DJF
External Auditor277,000 DJF
Finance Associate169,000 DJF
Finance Executive420,000 DJF
Finance Licensing Clerk142,000 DJF
Finance Licensing Manager361,000 DJF
Finance Licensing Specialist217,000 DJF
Finance Officer180,000 DJF
Finance President540,000 DJF
Finance Relationship Manager455,000 DJF
Finance Release Analyst222,000 DJF
Finance Team Leader 443,000 DJF
Financial Actuary300,000 DJF
Financial Administrator329,000 DJF
Financial Analyst351,000 DJF
Financial Applications Specialist235,000 DJF
Financial Assistant160,000 DJF
Financial Associate158,000 DJF
Financial Claims Analyst264,000 DJF
Financial Claims Manager336,000 DJF
Financial Commercial Analyst285,000 DJF
Financial Compliance Analyst321,000 DJF
Financial Consultant247,000 DJF
Financial Controller304,000 DJF
Financial Coordinator168,000 DJF
Financial Customer Service Manager334,000 DJF
Financial Dealer and Broker198,000 DJF
Financial Encoder166,000 DJF
Financial Manager509,000 DJF
Financial Operations Manager469,000 DJF
Financial Policy Analyst309,000 DJF
Financial Project Manager402,000 DJF
Financial Quantitative Analyst323,000 DJF
Financial Reporting Consultant263,000 DJF
Financial Reporting Manager380,000 DJF
Financial Services Sales Agent211,000 DJF
Fixed Assets Administrator191,000 DJF
Forensic Accountant230,000 DJF
Fraud Detection Supervisor239,000 DJF
Fraud Prevention Manager380,000 DJF
Fund Accountant189,000 DJF
Grants Coordinator140,000 DJF
Internal Auditor254,000 DJF
Internal Control Adviser305,000 DJF
Internal Control Officer162,000 DJF
Inventory Accountant196,000 DJF
Investment Analyst359,000 DJF
Investment Fund Manager420,000 DJF
Investment Underwriter170,000 DJF
Investor258,000 DJF
Investor Relations Manager386,000 DJF
KYC Team Leader366,000 DJF
Management Economist447,000 DJF
Paymaster159,000 DJF
Payroll Clerk160,000 DJF
Payroll Manager357,000 DJF
Pensions Administrator203,000 DJF
Pricing Analyst324,000 DJF
Private Equity Analyst352,000 DJF
Proposal Development Coordinator171,000 DJF
Receivables Accountant182,000 DJF
Regulatory Accountant213,000 DJF
Retirement Plan Analyst309,000 DJF
Revenue Management Specialist308,000 DJF
Revenue Recognition Analyst370,000 DJF
Risk Management Director467,000 DJF
Risk Management Supervisor369,000 DJF
Tax Accountant172,000 DJF
Tax Advisor282,000 DJF
Tax Associate164,000 DJF
Tax Manager404,000 DJF
Teller108,000 DJF
Treasury Accountant200,000 DJF
Treasury Analyst331,000 DJF
Underwriter137,000 DJF
Underwriting Assistant123,000 DJF
Vice President of Finance532,000 DJF

Accounting and Finance Jobs Pay Scale and Salaries in Djibouti

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

5% of people earn
288,000 DJF or more
10% of people earn
244,000 to 288,000 DJF
20% of people earn
147,000 DJF or less
65% of people earn
147,000 to 244,000 DJF
Minimum Salary
115,000 DJF
250,000 DJF
569,000 DJF

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 Djibouti range from 115,000 DJF (starting average salary) to 569,000 DJF (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 250,000 DJF, implying that half of the workforce in Djibouti 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 Djibouti earn less than 196,000 DJF, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 303,000 DJF, 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 Djibouti. The analysis revealed that roughly 65% of all reported salaries fell within the range of 147,000 DJF to 244,000 DJF. Approximately 20% of salaries were below the 147,000 DJF mark, while 10% ranged from 244,000 DJF to 288,000 DJF. Only 5% of individuals earned a gross salary of 288,000 DJF 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 Djibouti 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 Djibouti, 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 Djibouti costs anywhere from 1,380,000 DJF to 4,130,000 DJF 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 / Djibouti

Salary comparison by gender Djibouti 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 Djibouti, the average difference between the salary of male and female employees is 16%.

299,000 DJF
258,000 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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Average Annual Salary Increment Percentage / Accounting and Finance / Djibouti

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

Professionals working in Accounting and Finance 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 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.

Djibouti / All Professions

Annual Salary Increment Rate Djibouti
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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 Djibouti is 2%.

Annual Increment Rate By Industry 2022

Information Technology

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

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 / Djibouti

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Djibouti Accounting and Finance
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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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Salary Forecast and Trend / Accounting and Finance / Djibouti

How are salaries changing 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
Percentage increase and decrease are relative to the previous value

Salaries for individuals working in Accounting and Finance in Djibouti are rising in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.

Salary trends and forecast monthly Djibouti Accounting and Finance
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Hourly Average Wage / Accounting and Finance / Djibouti

1,640 DJF per hour

The average hourly wage (pay per hour) in Accounting and Finance in Djibouti is 1,640 DJF.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 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

284,000 DJF
275,000 DJF
Average Salary
Accounting and Finance
Average Salary
All Jobs
Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Djibouti
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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 Djibouti is 7% on average across all career fields.

Private Sector
264,000 DJF
Public Sector+7%
284,000 DJF
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 Djibouti?

A good and competitive compensation would range anywhere between 250,000 DJF and 303,000 DJF. 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 Djibouti 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 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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