Average Fund Accountant Salary in Kampala, Uganda for 2024

In this article, we will look at the average Fund Accountant salary for 2024 in Kampala 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 Ugandan shilling. To keep things simple, we are using the UGX currency code instead of the currency symbol Sh.

How Much Does a Fund Accountant Make in Kampala?

A Fund Accountant working in Kampala will typically earn around 23,759,100 UGX per year, and this can range from the lowest average salary of about 12,600,600 UGX to the highest average salary of 36,001,200 UGX.

Average Annual Salary
23,759,100 UGX
Average Monthly Salary
1,979,925 UGX
Lowest Annual Salary
12,600,600 UGX
Lowest Monthly Salary
1,050,050 UGX
Highest Annual Salary
36,001,200 UGX
Highest Monthly Salary
3,000,100 UGX

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

Fund Accountant 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 Fund Accountant Salaries in Kampala

So we've looked at the average salaries a Fund Accountant will earn in Kampala. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Fund Accountant can earn between 12,600,600 UGX and 36,001,200 UGX on average in Kampala. 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 Fund Accountant in Kampala is 22,321,900 UGX. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 22,321,900 UGX, and 50% of the population earn more than 22,321,900 UGX.

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 Fund Accountant salary in Kampala, 25% of the population are earning less than 15,719,900 UGX while 75% of the population earn more than 15,719,900 UGX.

75% of the population earn less than 27,361,200 UGX, and 25% of the population earn more than 27,361,200 UGX.

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.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Fund Accountant Salary by Experience Level in Kampala

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 fund accountant 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 Fund Accountant in Kampala that has less than two years of experience can expect to earn somewhere in the region of 14,400,800 UGX.
  • 2 - 5 Years Experience. With two to five years of experience the average Fund Accountant salary would increase to 17,758,500 UGX.
  • 5 - 10 Years Experience. From five to ten years of experience as a Fund Accountant, the average salary would be 25,079,200 UGX.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 29,399,100 UGX.
  • 15 - 20 Years Experience. A Fund Accountant with 15 to 20 years of experience can earn an average of 32,280,500 UGX.
  • 20+ Years Experience. For a Fund Accountant with more than 20 years, the expected average salary increases to 34,198,600 UGX.

Average Salary by Experience Chart

0-2 Years
14,400,800 UGX
2-5 Years +23%
17,758,500 UGX
5-10 Years +42%
25,079,200 UGX
10-15 Years +17%
29,399,100 UGX
15-20 Years +10%
32,280,500 UGX
20+ Years +6%
34,198,600 UGX

Fund Accountant Salary by Education Level in Kampala

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 Fund Accountant in Kampala 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 Fund Accountant in Kampala with a high school education can earn an average salary of 17,519,700 UGX.

  • Certificate or Diploma. A Fund Accountant in Kampala with a certificate or diploma education can earn an average salary of 19,799,400 UGX.

  • Bachelor's Degree. A Fund Accountant in Kampala with a bachelor's degree education can earn an average salary of 25,919,400 UGX.

  • Master's Degree. A Fund Accountant in Kampala with a master's degree education can earn an average salary of 34,198,600 UGX.

Average Salary by Education Chart

High School
17,519,700 UGX
Certificate or Diploma +13%
19,799,400 UGX
Bachelor's Degree +31%
25,919,400 UGX
Master's Degree +32%
34,198,600 UGX

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Uganda is around 13,100,000 to 39,300,000 UGX and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Fund Accountant 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 Kampala, a male fund accountant will earn an average of 22,681,800 UGX, while a female fund accountant will earn around 19,439,300 UGX.

This means that a male fund accountant earns approximately 17% more than a female fund accountant for performing the same job.

Average Salary by Gender Chart in Kampala

Male
22,681,800 UGX
Female -17%
19,439,300 UGX

Fund Accountant Average Pay Raise in Kampala

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 Fund Accountant in Kampala is around 7% every 28 months.

The national average pay raise across all professions and industries in Uganda is around 4% every 29 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Fund Accountant in Kampala can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Kampala for 2024

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

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

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

Fund Accountant Bonus and Incentive Rates in Kampala

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 Fund Accountant is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

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 Uganda earn approximately 25% more than private sector employees in the same role.

Public Sector
34,919,600 UGX
Private Sector -25%
27,960,400 UGX

Salaries for Jobs Similar to a Fund Accountant

In the table below, we have salary information for jobs that are similar to a Fund Accountant in Kampala.

Job Title Category Salary
Account Examiner Accounting and Finance 15,960,700 UGX
Account Executive Accounting and Finance 29,519,900 UGX
Accountant Accounting and Finance 22,081,800 UGX
Accounting Analyst Accounting and Finance 28,560,900 UGX
Accounting Assistant Accounting and Finance 17,758,500 UGX
Accounting Associate Accounting and Finance 16,320,700 UGX
Accounting Clerk Accounting and Finance 13,679,300 UGX
Accounting Coordinator Accounting and Finance 19,200,400 UGX
Accounting Head Accounting and Finance 46,800,400 UGX
Accounting Manager Accounting and Finance 46,800,400 UGX
Accounting Officer Accounting and Finance 15,960,700 UGX
Accounting Specialist Accounting and Finance 30,001,600 UGX
Accounting Supervisor Accounting and Finance 29,641,500 UGX
Accounting Technician Accounting and Finance 15,838,200 UGX
Accounting Unit Controller Accounting and Finance 36,001,200 UGX
Accounts Executive Accounting and Finance 29,519,900 UGX
Accounts Officer Accounting and Finance 17,758,500 UGX
Accounts Payable and Receivable Specialist Accounting and Finance 23,040,200 UGX
Accounts Payable Assistant Accounting and Finance 18,239,400 UGX
Accounts Payable Associate Accounting and Finance 21,121,400 UGX
Accounts Payable Clerk Accounting and Finance 16,799,900 UGX
Accounts Payable Manager Accounting and Finance 45,719,900 UGX
Accounts Receivable Administrator Accounting and Finance 33,961,700 UGX
Accounts Receivable Clerk Accounting and Finance 15,960,700 UGX
Accounts Receivable Financial Analyst Accounting and Finance 32,519,500 UGX
Accounts Receivable Manager Accounting and Finance 42,839,200 UGX
Accounts Receivable Team Leader Accounting and Finance 33,119,100 UGX
Assistant Accountant Accounting and Finance 16,799,900 UGX
Assistant Accounting Manager Accounting and Finance 42,239,100 UGX
Assistant Auditor Accounting and Finance 22,558,900 UGX
Assistant Corporate Controller Accounting and Finance 31,440,200 UGX
Assistant Finance Manager Accounting and Finance 48,239,000 UGX
Assistant Financial Controller Accounting and Finance 30,721,900 UGX
Audit Director Accounting and Finance 53,158,700 UGX
Audit Supervisor Accounting and Finance 41,280,700 UGX
Auditing Clerk Accounting and Finance 17,758,500 UGX
Auditing Manager Accounting and Finance 47,038,300 UGX
Billing Clerk Accounting and Finance 17,758,500 UGX
Billing Coordinator Accounting and Finance 19,558,300 UGX
Billing Specialist Accounting and Finance 23,399,000 UGX
Billing Supervisor Accounting and Finance 33,721,200 UGX
Bookkeeper Accounting and Finance 14,880,300 UGX
Bookkeeping Specialist Accounting and Finance 21,599,000 UGX
Budget Analyst Accounting and Finance 39,840,400 UGX
Budget Manager Accounting and Finance 44,280,500 UGX
Business Support Analyst Accounting and Finance 25,440,400 UGX
Capital Markets Associate Accounting and Finance 34,078,800 UGX
Cash Flow Analyst Accounting and Finance 33,240,500 UGX
Cash Management Manager Accounting and Finance 44,641,600 UGX
Cash Management Officer Accounting and Finance 26,520,600 UGX
Cashbook Clerk Accounting and Finance 14,639,900 UGX
Chartered Accountant Accounting and Finance 27,361,200 UGX
Chief Accountant Accounting and Finance 33,599,200 UGX
Collections Clerk Accounting and Finance 13,199,100 UGX
Collections Representative Accounting and Finance 19,200,400 UGX
Collections Specialist Accounting and Finance 22,441,700 UGX
Corporate Controller Accounting and Finance 36,960,300 UGX
Corporate Treasurer Accounting and Finance 42,119,100 UGX
Cost Accountant Accounting and Finance 21,719,900 UGX
Cost Accounting Manager Accounting and Finance 44,878,500 UGX
Cost Accounting Supervisor Accounting and Finance 37,441,100 UGX
Cost Analyst Accounting and Finance 36,960,300 UGX
Credit and Collection Manager Accounting and Finance 42,839,200 UGX
Credit and Collection Staff Accounting and Finance 16,439,200 UGX
Credit and Loans Officer Accounting and Finance 15,480,300 UGX
Credit Controller Accounting and Finance 32,038,500 UGX
Credit Manager Accounting and Finance 45,839,700 UGX
Debt Adviser Accounting and Finance 37,441,100 UGX
Debt Collector Accounting and Finance 18,720,200 UGX
Debtors Clerk Accounting and Finance 15,960,700 UGX
Debtors Controller Accounting and Finance 15,960,700 UGX
Deputy CFO Accounting and Finance 61,919,600 UGX
Deputy Head of Finance Accounting and Finance 58,798,900 UGX
Derivative Trader Accounting and Finance 36,960,300 UGX
Director of Finance Accounting and Finance 65,041,800 UGX
Economist Accounting and Finance 54,118,500 UGX
Equity Analyst Accounting and Finance 38,039,000 UGX
Escrow Assistant Accounting and Finance 20,159,800 UGX
Executive Accountant Accounting and Finance 24,119,700 UGX
External Auditor Accounting and Finance 32,519,500 UGX
Finance Administrator Accounting and Finance 25,079,200 UGX
Finance Analyst Accounting and Finance 39,840,400 UGX
Finance Associate Accounting and Finance 19,200,400 UGX
Finance Director Accounting and Finance 66,720,300 UGX
Finance Executive Accounting and Finance 49,198,300 UGX
Finance Licensing Clerk Accounting and Finance 16,320,700 UGX
Finance Licensing Manager Accounting and Finance 44,280,500 UGX
Finance Licensing Specialist Accounting and Finance 23,280,700 UGX
Finance Manager Accounting and Finance 64,920,700 UGX
Finance Officer Accounting and Finance 22,198,500 UGX
Finance President Accounting and Finance 65,041,800 UGX
Finance Relationship Manager Accounting and Finance 50,998,800 UGX
Finance Release Analyst Accounting and Finance 25,919,400 UGX
Finance Specialist Accounting and Finance 35,521,100 UGX
Finance Team Leader Accounting and Finance 47,880,300 UGX
Financial Accountant Accounting and Finance 21,478,100 UGX
Financial Actuary Accounting and Finance 32,879,500 UGX
Financial Administrator Accounting and Finance 38,399,900 UGX
Financial Advisor Accounting and Finance 39,960,800 UGX
Financial Analyst Accounting and Finance 39,840,400 UGX
Financial Applications Specialist Accounting and Finance 27,601,100 UGX
Financial Assistant Accounting and Finance 18,239,400 UGX
Financial Associate Accounting and Finance 18,720,200 UGX
Financial Associate Accounting and Finance 21,599,000 UGX
Financial Claims Analyst Accounting and Finance 29,761,800 UGX
Financial Claims Manager Accounting and Finance 40,321,500 UGX
Financial Claims Supervisor Accounting and Finance 38,399,900 UGX
Financial Clerk Accounting and Finance 17,758,500 UGX
Financial Commercial Analyst Accounting and Finance 32,639,300 UGX
Financial Compliance Analyst Accounting and Finance 36,480,500 UGX
Financial Consultant Accounting and Finance 28,679,900 UGX
Financial Controller Accounting and Finance 36,960,300 UGX
Financial Coordinator Accounting and Finance 21,241,100 UGX
Financial Customer Service Manager Accounting and Finance 41,280,700 UGX
Financial Dealer and Broker Accounting and Finance 23,280,700 UGX
Financial Director Accounting and Finance 66,720,300 UGX
Financial Encoder Accounting and Finance 18,239,400 UGX
Financial Manager Accounting and Finance 60,239,600 UGX
Financial Manager Accounting and Finance 64,920,700 UGX
Financial Operations Manager Accounting and Finance 54,719,600 UGX
Financial Policy Analyst Accounting and Finance 34,198,600 UGX
Financial Project Manager Accounting and Finance 46,560,900 UGX
Financial Quantitative Analyst Accounting and Finance 36,960,300 UGX
Financial Reporting Consultant Accounting and Finance 32,639,300 UGX
Financial Reporting Manager Accounting and Finance 42,119,100 UGX
Financial Section Head Accounting and Finance 41,040,700 UGX
Financial Services Manager Accounting and Finance 54,719,600 UGX
Financial Services Sales Agent Accounting and Finance 24,958,800 UGX
Fixed Assets Administrator Accounting and Finance 22,321,900 UGX
Forensic Accountant Accounting and Finance 25,801,200 UGX
Fraud Detection Supervisor Accounting and Finance 28,560,900 UGX
Fraud Prevention Manager Accounting and Finance 43,800,600 UGX
Grants Coordinator Accounting and Finance 16,799,900 UGX
Group Financial Manager Accounting and Finance 63,241,900 UGX
Internal Auditor Accounting and Finance 28,679,900 UGX
Internal Control Adviser Accounting and Finance 36,358,600 UGX
Internal Control Officer Accounting and Finance 18,720,200 UGX
International Tax Director Accounting and Finance 51,959,300 UGX
Inventory Accountant Accounting and Finance 24,119,700 UGX
Investment Advisor Accounting and Finance 60,481,000 UGX
Investment Analyst Accounting and Finance 45,719,900 UGX
Investment Associate Accounting and Finance 36,001,200 UGX
Investment Broker Accounting and Finance 36,001,200 UGX
Investment Fund Manager Accounting and Finance 49,198,300 UGX
Investment Operations Manager Accounting and Finance 49,198,300 UGX
Investment Underwriter Accounting and Finance 19,200,400 UGX
Investor Accounting and Finance 28,560,900 UGX
Investor Relations Manager Accounting and Finance 45,599,600 UGX
KYC Team Leader Accounting and Finance 44,760,700 UGX
Loan Processor Accounting and Finance 17,758,500 UGX
Management Accountant Accounting and Finance 24,000,900 UGX
Management Economist Accounting and Finance 52,800,100 UGX
Paymaster Accounting and Finance 18,239,400 UGX
Payroll Administrator Accounting and Finance 29,041,200 UGX
Payroll Benefits Coordinator Accounting and Finance 24,359,000 UGX
Payroll Billing Manager Accounting and Finance 41,280,700 UGX
Payroll Clerk Accounting and Finance 19,678,200 UGX
Payroll Manager Accounting and Finance 42,359,400 UGX
Payroll Officer Accounting and Finance 20,159,800 UGX
Payroll Specialist Accounting and Finance 22,321,900 UGX
Payroll Supervisor Accounting and Finance 27,361,200 UGX
Pensions Administrator Accounting and Finance 24,000,900 UGX
Personal Financial Advisor Accounting and Finance 33,599,200 UGX
Pricing Analyst Accounting and Finance 38,399,900 UGX
Private Equity Analyst Accounting and Finance 39,119,300 UGX
Project Accountant Accounting and Finance 24,599,500 UGX
Proposal Development Coordinator Accounting and Finance 20,159,800 UGX
Receivables Accountant Accounting and Finance 20,878,800 UGX
Regulatory Accountant Accounting and Finance 24,119,700 UGX
Retirement Plan Analyst Accounting and Finance 36,960,300 UGX
Revenue Management Specialist Accounting and Finance 35,521,100 UGX
Revenue Recognition Analyst Accounting and Finance 42,839,200 UGX
Risk Management Director Accounting and Finance 51,479,800 UGX
Risk Management Supervisor Accounting and Finance 43,559,400 UGX
Staff Accountant Accounting and Finance 20,518,900 UGX
Tax Accountant Accounting and Finance 20,878,800 UGX
Tax Administrator Accounting and Finance 25,079,200 UGX
Tax Advisor Accounting and Finance 32,879,500 UGX
Tax Analyst Accounting and Finance 33,721,200 UGX
Tax Associate Accounting and Finance 19,200,400 UGX
Tax Consultant Accounting and Finance 36,001,200 UGX
Tax Director Accounting and Finance 53,639,100 UGX
Tax Examiner Accounting and Finance 22,799,000 UGX
Tax Manager Accounting and Finance 46,080,100 UGX
Tax Research Manager Accounting and Finance 47,280,300 UGX
Teller Accounting and Finance 12,721,300 UGX
Treasury Accountant Accounting and Finance 23,638,700 UGX
Treasury Analyst Accounting and Finance 36,480,500 UGX
Underwriter Accounting and Finance 15,838,200 UGX
Underwriting Assistant Accounting and Finance 15,238,200 UGX
Vice President of Finance Accounting and Finance 63,481,200 UGX

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