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Investor Relations Officer Average Salary in Eritrea 2021

How much money does an Investor Relations Officer make in Eritrea?


Average Monthly Salary
6,770 ERN
( 81,200 ERN yearly)

LOW
3,520
ERN
AVERAGE
6,770
ERN
HIGH
10,400
ERN

A person working as an Investor Relations Officer in Eritrea typically earns around 6,770 ERN per month. Salaries range from 3,520 ERN (lowest) to 10,400 ERN (highest).

This is the average monthly salary including housing, transport, and other benefits. Investor Relations Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Investor Relations Officer Salary Distribution in Eritrea

Median and salary distribution monthly Eritrea Investor Relations Officer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Investor Relations Officer salaries in Eritrea range from 3,520 ERN per month (minimum salary) to 10,400 ERN per month (maximum salary).

  • Median Salary

    The median salary is 6,500 ERN per month, which means that half (50%) of people working as Investor Relations Officer(s) are earning less than 6,500 ERN while the other half are earning more than 6,500 ERN. 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 Investor Relations Officer(s) are earning less than 4,510 ERN while 75% of them are earning more than 4,510 ERN. Also from the diagram, 75% of Investor Relations Officer(s) are earning less than 8,090 ERN while 25% are earning more than 8,090 ERN.


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

Investor Relations Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Eritrea Investor Relations Officer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Investor Relations Officer salaries by experience level and this is what we found.

An Investor Relations Officer with less than two years of experience makes approximately 4,000 ERN per month.

While someone with an experience level between two and five years is expected to earn 5,370 ERN per month, 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 6,970 ERN per month, 30% more than someone with two to five 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.

Additionally, Investor Relations Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,440 ERN per month, 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 9,230 ERN per month, 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 9,710 ERN per month, 5% more than people with fifteen to twenty years of experience.


Investor Relations Officer average salary change by experience in Eritrea

0 - 2 Years
4,000 ERN
2 - 5 Years+34%
5,370 ERN
5 - 10 Years+30%
6,970 ERN
10 - 15 Years+21%
8,440 ERN
15 - 20 Years+9%
9,230 ERN
20+ Years+5%
9,710 ERN
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Investor Relations Officer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Investor Relations Officer(s) who have the same experience but different education levels.

Salary comparison by education level monthly Eritrea Investor Relations Officer
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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 Investor Relations Officer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of an Investor Relations Officer is 4,820 ERN per month.

While someone with a Certificate or Diploma gets a salary of 5,500 ERN per month, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 7,760 ERN per month, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 9,400 ERN per month, 21% more than someone with Bachelor's Degree.


Investor Relations Officer average salary difference by education level in Eritrea

High School
4,820 ERN
Certificate or Diploma+14%
5,500 ERN
Bachelor's Degree+41%
7,760 ERN
Master's Degree+21%
9,400 ERN
Percentage increase and decrease are relative to the previous value

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 Eritrea costs anywhere from 34,200 Nakfa(s) to 103,000 Nakfa(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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Investor Relations Officer Salary Comparison By Gender

Salary comparison by gender monthly Eritrea Investor Relations Officer
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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 Investor Relations Officer employees in Eritrea earn 11% more than their female counterparts on average.

Male
7,210 ERN
Female-10%
6,480 ERN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Eritrea for all Careers

Salary comparison by gender monthly Eritrea
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Investor Relations Officer Average Annual Salary Increment Percentage in Eritrea

How much are annual salary increments in Eritrea for Investor Relations Officer(s)? How often do employees get salary raises?

Investor Relations Officer

Investor Relations Officer(s) in Eritrea are likely to observe a salary increase of approximately 7% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Eritrea Investor Relations Officer
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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.

Eritrea / 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 Eritrea is 2%.

Annual Increment Rate By Industry 2020

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Eritrea for the year 2020. 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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Investor Relations Officer Bonus and Incentive Rates in Eritrea

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Eritrea Investor Relations Officer
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An Investor Relations Officer is considered to be a high bonus-based job 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.

40% of surveyed staff 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 6% 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.

Investor Relations Officer Average Hourly Wage in Eritrea


39 ERN per hour

The average hourly wage (pay per hour) in Eritrea is 39 ERN. This means that the average Investor Relations Officer in Eritrea earns approximately 39 ERN 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.

Investor Relations Officer VS Other Jobs

Salary Comparison Between Investor Relations Officer and Public Relations monthly Eritrea
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The average salary for Investor Relations Officer is 2% less than that of Public Relations. Also, Public Relations salaries are 1% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Communications Associate3,550 ERN-48%
Communications Specialist4,030 ERN-40%
Director of Communications9,130 ERN+35%
Government Relations Officer6,290 ERN-7%
Head of Public Relations11,700 ERN+73%
Investor Relations Officer6,770 ERN+0%
Media Relations Specialist8,710 ERN+29%
Meetings Coordinator3,050 ERN-55%
Public Relations Manager9,830 ERN+45%
Public Relations Officer3,950 ERN-42%
Public Relations Practitioner4,830 ERN-29%
Public Relations Specialist4,280 ERN-37%
Relationship Management Officer3,200 ERN-53%

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 Eritrea earn 21% more than their private sector counterparts on average across all sectors.

Private Sector
6,220 ERN
Public Sector+21%
7,520 ERN
Percentage increase and decrease are relative to the previous value

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