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Financial Analyst Average Salary in Guyana 2021

How much money does a Financial Analyst make in Guyana?


Average Monthly Salary
204,000 GYD
( 2,450,000 GYD yearly)

LOW
99,900
GYD
AVERAGE
204,000
GYD
HIGH
318,000
GYD

A person working as a Financial Analyst in Guyana typically earns around 204,000 GYD per month. Salaries range from 99,900 GYD (lowest) to 318,000 GYD (highest).

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

Financial Analyst Salary Distribution in Guyana

Median and salary distribution monthly Guyana Financial Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    Financial Analyst salaries in Guyana range from 99,900 GYD per month (minimum salary) to 318,000 GYD per month (maximum salary).

  • Median Salary

    The median salary is 208,000 GYD per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 208,000 GYD while the other half are earning more than 208,000 GYD. 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 Financial Analyst(s) are earning less than 138,000 GYD while 75% of them are earning more than 138,000 GYD. Also from the diagram, 75% of Financial Analyst(s) are earning less than 268,000 GYD while 25% are earning more than 268,000 GYD.


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

Financial Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Guyana Financial Analyst
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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 Financial Analyst salaries by experience level and this is what we found.

A Financial Analyst with less than two years of experience makes approximately 118,000 GYD per month.

While someone with an experience level between two and five years is expected to earn 152,000 GYD per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 210,000 GYD per month, 38% 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, Financial Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 260,000 GYD per month, 24% 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 279,000 GYD per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 297,000 GYD per month, 7% more than people with fifteen to twenty years of experience.


Financial Analyst average salary change by experience in Guyana

0 - 2 Years
118,000 GYD
2 - 5 Years+29%
152,000 GYD
5 - 10 Years+38%
210,000 GYD
10 - 15 Years+24%
260,000 GYD
15 - 20 Years+7%
279,000 GYD
20+ Years+7%
297,000 GYD
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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Financial Analyst Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Guyana Financial Analyst
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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 Financial Analyst salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Financial Analyst is 148,000 GYD per month.

While someone with a Certificate or Diploma gets a salary of 170,000 GYD per month, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 229,000 GYD per month, 35% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 287,000 GYD per month, 26% more than someone with Bachelor's Degree.


Financial Analyst average salary difference by education level in Guyana

High School
148,000 GYD
Certificate or Diploma+15%
170,000 GYD
Bachelor's Degree+35%
229,000 GYD
Master's Degree+26%
287,000 GYD
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 Guyana costs anywhere from 876,000 Guyana Dollar(s) to 2,630,000 Guyana Dollar(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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Financial Analyst Salary Comparison By Gender

Salary comparison by gender monthly Guyana Financial Analyst
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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 Financial Analyst employees in Guyana earn 8% more than their female counterparts on average.

Male
210,000 GYD
Female-7%
195,000 GYD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Guyana for all Careers

Salary comparison by gender monthly Guyana
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Financial Analyst Average Annual Salary Increment Percentage in Guyana

How much are annual salary increments in Guyana for Financial Analyst(s)? How often do employees get salary raises?

Financial Analyst

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

Annual Salary Increment Rate Guyana Financial Analyst
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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.

Guyana / 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 Guyana is 2%.

Annual Increment Rate By Industry 2020

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Guyana 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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Financial Analyst Bonus and Incentive Rates in Guyana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Guyana Financial Analyst
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A Financial Analyst is considered to be a moderate 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.

61% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
39%
No Bonus
61%

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.

Financial Analyst Average Hourly Wage in Guyana


1,180 GYD per hour

The average hourly wage (pay per hour) in Guyana is 1,180 GYD. This means that the average Financial Analyst in Guyana earns approximately 1,180 GYD 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.

Financial Analyst VS Other Jobs

Salary Comparison Between Financial Analyst and Accounting and Finance monthly Guyana
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The average salary for Financial Analyst is 13% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner89,800 GYD-56%
Account Executive147,000 GYD-28%
Accountant111,000 GYD-46%
Accounting Assistant86,100 GYD-58%
Accounting Associate82,300 GYD-60%
Accounting Clerk71,300 GYD-65%
Accounting Coordinator108,000 GYD-47%
Accounting Manager261,000 GYD+28%
Accounting Supervisor155,000 GYD-24%
Accounting Technician84,800 GYD-58%
Accounts Executive155,000 GYD-24%
Accounts Payable and Receivable Specialist115,000 GYD-44%
Accounts Payable Clerk90,700 GYD-55%
Accounts Payable Manager239,000 GYD+17%
Accounts Receivable Clerk89,400 GYD-56%
Accounts Receivable Manager232,000 GYD+14%
Assistant Accounting Manager210,000 GYD+3%
Assistant Auditor123,000 GYD-40%
Audit Supervisor211,000 GYD+4%
Auditing Clerk90,700 GYD-55%
Auditing Manager233,000 GYD+14%
Billing Coordinator106,000 GYD-48%
Billing Specialist124,000 GYD-39%
Billing Supervisor186,000 GYD-9%
Bookkeeper79,400 GYD-61%
Bookkeeping Specialist116,000 GYD-43%
Budget Analyst206,000 GYD+1%
Budget Manager245,000 GYD+20%
Business Support Analyst138,000 GYD-32%
Capital Markets Associate180,000 GYD-12%
Cash Flow Analyst178,000 GYD-13%
Cash Management Officer134,000 GYD-34%
Cashbook Clerk79,800 GYD-61%
Chartered Accountant147,000 GYD-28%
Collections Clerk72,900 GYD-64%
Collections Specialist126,000 GYD-38%
Corporate Treasurer236,000 GYD+16%
Cost Accountant115,000 GYD-44%
Cost Accounting Manager243,000 GYD+19%
Cost Analyst194,000 GYD-5%
Credit and Collection Manager237,000 GYD+16%
Credit and Collection Staff92,000 GYD-55%
Credit and Loans Officer87,200 GYD-57%
Credit Controller164,000 GYD-20%
Debt Adviser197,000 GYD-3%
Debt Collector95,100 GYD-53%
Debtors Clerk84,300 GYD-59%
Deputy CFO321,000 GYD+58%
Derivative Trader193,000 GYD-5%
Escrow Assistant106,000 GYD-48%
External Auditor172,000 GYD-16%
Finance Associate97,500 GYD-52%
Finance Executive261,000 GYD+28%
Finance Licensing Clerk81,300 GYD-60%
Finance Licensing Manager236,000 GYD+16%
Finance Licensing Specialist133,000 GYD-35%
Finance Officer118,000 GYD-42%
Finance President361,000 GYD+77%
Finance Relationship Manager268,000 GYD+32%
Finance Release Analyst138,000 GYD-32%
Finance Team Leader 269,000 GYD+32%
Financial Actuary180,000 GYD-12%
Financial Administrator186,000 GYD-9%
Financial Analyst204,000 GYD+0%
Financial Applications Specialist146,000 GYD-28%
Financial Assistant93,100 GYD-54%
Financial Associate97,000 GYD-52%
Financial Claims Analyst155,000 GYD-24%
Financial Claims Manager203,000 GYD-0%
Financial Commercial Analyst164,000 GYD-20%
Financial Compliance Analyst186,000 GYD-9%
Financial Consultant155,000 GYD-24%
Financial Controller182,000 GYD-11%
Financial Coordinator107,000 GYD-47%
Financial Customer Service Manager218,000 GYD+7%
Financial Dealer and Broker123,000 GYD-40%
Financial Encoder99,400 GYD-51%
Financial Manager314,000 GYD+54%
Financial Operations Manager292,000 GYD+43%
Financial Policy Analyst184,000 GYD-10%
Financial Project Manager252,000 GYD+24%
Financial Quantitative Analyst205,000 GYD+1%
Financial Reporting Consultant171,000 GYD-16%
Financial Reporting Manager227,000 GYD+11%
Financial Services Sales Agent130,000 GYD-36%
Fixed Assets Administrator119,000 GYD-42%
Forensic Accountant135,000 GYD-34%
Fraud Detection Supervisor146,000 GYD-28%
Fraud Prevention Manager240,000 GYD+18%
Fund Accountant111,000 GYD-46%
Grants Coordinator84,700 GYD-58%
Internal Auditor163,000 GYD-20%
Internal Control Adviser186,000 GYD-9%
Internal Control Officer102,000 GYD-50%
Inventory Accountant129,000 GYD-37%
Investment Analyst227,000 GYD+11%
Investment Fund Manager261,000 GYD+28%
Investment Underwriter98,800 GYD-52%
Investor154,000 GYD-24%
Investor Relations Manager238,000 GYD+17%
KYC Team Leader218,000 GYD+7%
Management Economist275,000 GYD+35%
Paymaster91,600 GYD-55%
Payroll Clerk105,000 GYD-48%
Payroll Manager220,000 GYD+8%
Pensions Administrator125,000 GYD-39%
Pricing Analyst199,000 GYD-2%
Private Equity Analyst209,000 GYD+3%
Proposal Development Coordinator105,000 GYD-48%
Receivables Accountant104,000 GYD-49%
Regulatory Accountant123,000 GYD-40%
Retirement Plan Analyst188,000 GYD-8%
Revenue Management Specialist195,000 GYD-4%
Revenue Recognition Analyst211,000 GYD+4%
Risk Management Director279,000 GYD+37%
Risk Management Supervisor228,000 GYD+12%
Tax Accountant115,000 GYD-44%
Tax Advisor177,000 GYD-13%
Tax Associate102,000 GYD-50%
Tax Manager233,000 GYD+14%
Teller67,100 GYD-67%
Treasury Accountant123,000 GYD-40%
Treasury Analyst198,000 GYD-3%
Underwriter85,800 GYD-58%
Underwriting Assistant80,100 GYD-61%
Vice President of Finance324,000 GYD+59%

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 Guyana earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
166,000 GYD
Public Sector+14%
189,000 GYD
Percentage increase and decrease are relative to the previous value

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