Average Commodity Broker Salary in Kananga, Democratic Republic of the Congo for 2024

In this article, we will look at the average Commodity Broker salary for 2024 in Kananga and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Congolese franc. To keep things simple, we are using the CDF currency code instead of the currency symbol FC.

How Much Does a Commodity Broker Make in Kananga?

A Commodity Broker working in Kananga will typically earn around 498,000,700 CDF per year, and this can range from the lowest average salary of about 243,598,200 CDF to the highest average salary of 776,401,400 CDF.

These are average salaries for a Commodity Broker in Kananga and include benefits such as housing and transport. It's also possible for a Commodity Broker to earn more or less than the average salaries shown above.

Commodity Broker salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Commodity Broker Salaries in Kananga

So we've looked at the average salaries a Commodity Broker will earn in Kananga. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Commodity Broker can earn between 243,598,200 CDF and 776,401,400 CDF on average in Kananga. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Commodity Broker in Kananga is 507,601,800 CDF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 507,601,800 CDF, and 50% of the population earn more than 507,601,800 CDF.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Commodity Broker salary in Kananga, 25% of the population are earning less than 338,398,500 CDF while 75% of the population earn more than 338,398,500 CDF.

75% of the population earn less than 655,201,300 CDF, and 25% of the population earn more than 655,201,300 CDF.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Commodity Broker Salary by Experience Level in Kananga

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average commodity broker salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Commodity Broker in Kananga that has less than two years of experience can expect to earn somewhere in the region of 289,201,100 CDF.
• 2 - 5 Years Experience. With two to five years of experience the average Commodity Broker salary would increase to 372,001,000 CDF.
• 5 - 10 Years Experience. From five to ten years of experience as a Commodity Broker, the average salary would be 512,400,700 CDF.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 634,799,200 CDF.
• 15 - 20 Years Experience. A Commodity Broker with 15 to 20 years of experience can earn an average of 680,400,600 CDF.
• 20+ Years Experience. For a Commodity Broker with more than 20 years, the expected average salary increases to 725,998,100 CDF.

Average Salary by Experience Chart

Commodity Broker Salary by Education Level in Kananga

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Commodity Broker in Kananga based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. A Commodity Broker in Kananga with a high school education can earn an average salary of 361,201,700 CDF.

• Certificate or Diploma. A Commodity Broker in Kananga with a certificate or diploma education can earn an average salary of 413,998,600 CDF.

• Bachelor's Degree. A Commodity Broker in Kananga with a bachelor's degree education can earn an average salary of 557,998,700 CDF.

• Master's Degree. A Commodity Broker in Kananga with a master's degree education can earn an average salary of 701,999,100 CDF.

Average Salary by Education Chart

Commodity Broker Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Kananga, a male commodity broker will earn an average of 5,423,100 CDF, while a female commodity broker will earn around 4,786,100 CDF.

This means that a male commodity broker earns approximately 13% more than a female commodity broker for performing the same job.

Average Salary by Gender Chart in Kananga

Commodity Broker Average Pay Raise in Kananga

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Commodity Broker in Kananga is around 125% every 143 months.

The national average pay raise across all professions and industries in Democratic Republic of the Congo is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 125 ÷ 143 ) × 12  = 10%

What this means is that a Commodity Broker in Kananga can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Kananga for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Democratic Republic of the Congo.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Commodity Broker Bonus and Incentive Rates in Kananga

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Commodity Broker is a high bonus based job, with 229% of employees reporting at least one bonus in the last 12 months.

-129% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Democratic Republic of the Congo earn approximately 7% more than private sector employees in the same role.

Salaries for Jobs Similar to a Commodity Broker

In the table below, we have salary information for jobs that are similar to a Commodity Broker in Kananga.

Salary Comparison by City

If you want to compare salaries with different cities in Democratic Republic of the Congo, you can use the links below to explore the data for each specific city we have researched.

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