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Investor Relations Officer Average Salary in Ghana 2021

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


Average Monthly Salary
5,280 GHS
( 63,400 GHS yearly)

LOW
2,750
GHS
AVERAGE
5,280
GHS
HIGH
8,080
GHS

A person working as an Investor Relations Officer in Ghana typically earns around 5,280 GHS per month. Salaries range from 2,750 GHS (lowest) to 8,080 GHS (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 Ghana

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

  • Salary Range

    Investor Relations Officer salaries in Ghana range from 2,750 GHS per month (minimum salary) to 8,080 GHS per month (maximum salary).

  • Median Salary

    The median salary is 5,070 GHS per month, which means that half (50%) of people working as Investor Relations Officer(s) are earning less than 5,070 GHS while the other half are earning more than 5,070 GHS. 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 3,520 GHS while 75% of them are earning more than 3,520 GHS. Also from the diagram, 75% of Investor Relations Officer(s) are earning less than 6,310 GHS while 25% are earning more than 6,310 GHS.


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 Ghana 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 3,120 GHS per month.

While someone with an experience level between two and five years is expected to earn 4,190 GHS 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 5,440 GHS 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 6,590 GHS 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 7,200 GHS 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 7,570 GHS per month, 5% more than people with fifteen to twenty years of experience.


Investor Relations Officer average salary change by experience in Ghana

0 - 2 Years
3,120 GHS
2 - 5 Years+34%
4,190 GHS
5 - 10 Years+30%
5,440 GHS
10 - 15 Years+21%
6,590 GHS
15 - 20 Years+9%
7,200 GHS
20+ Years+5%
7,570 GHS
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 Ghana 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 3,760 GHS per month.

While someone with a Certificate or Diploma gets a salary of 4,290 GHS per month, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 6,050 GHS 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 7,330 GHS per month, 21% more than someone with Bachelor's Degree.


Investor Relations Officer average salary difference by education level in Ghana

High School
3,760 GHS
Certificate or Diploma+14%
4,290 GHS
Bachelor's Degree+41%
6,050 GHS
Master's Degree+21%
7,330 GHS
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 Ghana costs anywhere from 25,300 Cedi(s) to 76,000 Cedi(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 Ghana 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 Ghana earn 9% more than their female counterparts on average.

Male
5,530 GHS
Female-8%
5,100 GHS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ghana for all Careers

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

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

Investor Relations Officer

Investor Relations Officer(s) in Ghana are likely to observe a salary increase of approximately 11% every 20 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Ghana 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.

Ghana / 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 Ghana is 5%.

Annual Increment Rate By Industry 2020

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in Ghana 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 Ghana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ghana 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.

26% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 74% 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
74%
No Bonus
26%

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 Ghana


30 GHS per hour

The average hourly wage (pay per hour) in Ghana is 30 GHS. This means that the average Investor Relations Officer in Ghana earns approximately 30 GHS 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 Ghana
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The average salary for Investor Relations Officer is 4% more 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 Associate2,660 GHS-50%
Communications Specialist3,060 GHS-42%
Director of Communications6,920 GHS+31%
Government Relations Officer4,690 GHS-11%
Head of Public Relations7,830 GHS+48%
Investor Relations Officer5,280 GHS=
Media Relations Specialist6,090 GHS+15%
Meetings Coordinator2,160 GHS-59%
Public Relations Manager7,070 GHS+34%
Public Relations Officer2,780 GHS-47%
Public Relations Practitioner3,800 GHS-28%
Public Relations Specialist3,120 GHS-41%
Relationship Management Officer2,390 GHS-55%

Salary Comparison By City

CityAverage Salary
Accra5,610 GHS
Kumasi5,600 GHS

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 Ghana earn 8% more than their private sector counterparts on average across all sectors.

Private Sector
4,860 GHS
Public Sector+8%
5,230 GHS
Percentage increase and decrease are relative to the previous value

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