Average Account Manager Salary in Cape Verde for 2024

In this article, we will look at the average Account Manager salary for 2024 in Cape Verde 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 Cape Verdean escudo. To keep things simple, we are using the CVE currency code instead of the currency symbol Esc.

How Much Does an Account Manager Make in Cape Verde?

An Account Manager working in Cape Verde will typically earn around 2,605,500 CVE per year, and this can range from the lowest average salary of about 1,283,600 CVE to the highest average salary of 4,067,600 CVE.

Average Annual Salary
2,605,500 CVE
Average Monthly Salary
217,125 CVE

Lowest Annual Salary
1,283,600 CVE
Lowest Monthly Salary
106,966 CVE

Highest Annual Salary
4,067,600 CVE
Highest Monthly Salary
338,966 CVE

These are average salaries for an Account Manager in Cape Verde and include benefits such as housing and transport. It's also possible for an Account Manager to earn more or less than the average salaries shown above.

Account Manager 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 Account Manager Salaries in Cape Verde

So we've looked at the average salaries an Account Manager will earn in Cape Verde. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Account Manager can earn between 1,283,600 CVE and 4,067,600 CVE on average in Cape Verde. 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 an Account Manager in Cape Verde is 2,662,900 CVE. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,662,900 CVE, and 50% of the population earn more than 2,662,900 CVE.

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 Account Manager salary in Cape Verde, 25% of the population are earning less than 1,777,700 CVE while 75% of the population earn more than 1,777,700 CVE.

75% of the population earn less than 3,432,600 CVE, and 25% of the population earn more than 3,432,600 CVE.

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.

Account Manager Salary by Experience Level in Cape Verde

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 account manager 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. An Account Manager in Cape Verde that has less than two years of experience can expect to earn somewhere in the region of 1,510,400 CVE.
  • 2 - 5 Years Experience. With two to five years of experience the average Account Manager salary would increase to 1,942,700 CVE.
  • 5 - 10 Years Experience. From five to ten years of experience as an Account Manager, the average salary would be 2,688,800 CVE.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,335,900 CVE.
  • 15 - 20 Years Experience. An Account Manager with 15 to 20 years of experience can earn an average of 3,564,300 CVE.
  • 20+ Years Experience. For an Account Manager with more than 20 years, the expected average salary increases to 3,805,100 CVE.

Average Salary by Experience Chart

0-2 Years
1,510,400 CVE
2-5 Years +29%
1,942,700 CVE
5-10 Years +38%
2,688,800 CVE
10-15 Years +24%
3,335,900 CVE
15-20 Years +7%
3,564,300 CVE
20+ Years +7%
3,805,100 CVE

Account Manager Salary by Education Level in Cape Verde

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 an Account Manager in Cape Verde based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Account Manager in Cape Verde with a high school education can earn an average salary of 1,896,700 CVE.

  • Certificate or Diploma. An Account Manager in Cape Verde with a certificate or diploma education can earn an average salary of 2,173,000 CVE.

  • Bachelor's Degree. An Account Manager in Cape Verde with a bachelor's degree education can earn an average salary of 2,928,100 CVE.

  • Master's Degree. An Account Manager in Cape Verde with a master's degree education can earn an average salary of 3,685,200 CVE.

Average Salary by Education Chart

High School
1,896,700 CVE
Certificate or Diploma +15%
2,173,000 CVE
Bachelor's Degree +35%
2,928,100 CVE
Master's Degree +26%
3,685,200 CVE

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 Cape Verde is around 1,020,000 to 3,060,000 CVE 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.

Account Manager 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 Cape Verde, a male account manager will earn an average of 2,711,900 CVE, while a female account manager will earn around 2,460,900 CVE.

This means that a male account manager earns approximately 10% more than a female account manager for performing the same job.

Average Salary by Gender Chart in Cape Verde

Male
2,711,900 CVE
Female -10%
2,460,900 CVE

Account Manager Average Pay Raise in Cape Verde

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 an Account Manager in Cape Verde is around 8% every 28 months.

The national average pay raise across all professions and industries in Cape Verde 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that an Account Manager in Cape Verde can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Cape Verde for 2024

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

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

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

Account Manager Bonus and Incentive Rates in Cape Verde

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.

An Account Manager is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% 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 6%.

Received Bonus
38%
No Bonus
62%

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 Cape Verde earn approximately 14% more than private sector employees in the same role.

Public Sector
2,653,700 CVE
Private Sector -14%
2,327,100 CVE

Salaries for Jobs Similar to an Account Manager

In the table below, we have salary information for jobs that are similar to an Account Manager in Cape Verde.

Job Title Category Salary
Account Coordinator Executive and Management 2,352,500 CVE
Account Director Executive and Management 2,653,700 CVE
Account Executive Executive and Management 2,724,700 CVE
Administration Manager Executive and Management 2,759,700 CVE
Administration Officer Executive and Management 1,524,300 CVE
Administration Supervisor Executive and Management 2,242,500 CVE
Administrative Clerk Executive and Management 1,098,200 CVE
Administrative Officer Executive and Management 1,122,900 CVE
Area Director Executive and Management 2,593,900 CVE
Area Manager Executive and Management 2,676,200 CVE
Asset Protection Associate Executive and Management 2,902,500 CVE
Assistant Director Executive and Management 2,953,200 CVE
Assistant General Manager Executive and Management 3,085,500 CVE
Assistant Manager Executive and Management 3,118,900 CVE
Assistant Managing Director Executive and Management 3,490,200 CVE
Assistant Operations Manager Executive and Management 3,178,700 CVE
Assistant Project Manager Executive and Management 2,854,700 CVE
Assistant Section Head Executive and Management 2,314,800 CVE
Assistant to CEO Executive and Management 2,734,500 CVE
Assistant Vice President Executive and Management 2,914,600 CVE
Associate Account Director Executive and Management 2,914,600 CVE
Associate Director Executive and Management 2,807,200 CVE
Bid Manager Executive and Management 3,335,900 CVE
Branch Manager Executive and Management 3,047,800 CVE
Business Development Manager Executive and Management 3,421,600 CVE
Business Operations Associate Executive and Management 2,868,600 CVE
Business Operations Lead Executive and Management 3,085,500 CVE
Campaign Manager Executive and Management 3,349,100 CVE
Catering Coordinator Executive and Management 1,788,300 CVE
Catering Manager Executive and Management 2,893,600 CVE
CEO Executive and Management 5,555,200 CVE
Chairman of The Board Executive and Management 5,471,700 CVE
Chairman Office Manager Executive and Management 3,373,200 CVE
Chief Commercial Officer Executive and Management 4,102,700 CVE
Chief Corporate Officer Executive and Management 4,488,100 CVE
Chief Executive Officer Executive and Management 5,531,100 CVE
Chief Financial Officer Executive and Management 5,256,700 CVE
Chief Investment Officer Executive and Management 4,270,100 CVE
Chief of Staff Executive and Management 2,557,100 CVE
Chief Operating Officer Executive and Management 4,309,300 CVE
Chief Risk Officer Executive and Management 3,577,600 CVE
Client Account Manager Executive and Management 3,359,900 CVE
Client Accounts Officer Executive and Management 2,662,900 CVE
Client Services Manager Executive and Management 3,622,400 CVE
Commercial Director Executive and Management 3,792,300 CVE
Commercial Manager Executive and Management 3,239,400 CVE
Commercial Project Manager Executive and Management 2,987,000 CVE
Commodity Broker Executive and Management 2,339,200 CVE
COO Executive and Management 4,332,900 CVE
Corporate Affairs Executive Executive and Management 3,156,400 CVE
Corporate Compliance Director Executive and Management 3,514,400 CVE
Corporate Director Executive and Management 3,850,500 CVE
Corporate Officer Executive and Management 2,629,100 CVE
Corporate Partnerships Officer Executive and Management 2,676,200 CVE
Country Manager Executive and Management 4,380,400 CVE
Department Head Executive and Management 3,288,400 CVE
Department Manager Executive and Management 3,421,600 CVE
Department Supervisor Executive and Management 2,782,600 CVE
Deputy Director Executive and Management 3,733,300 CVE
Deputy Manager Executive and Management 4,032,100 CVE
Director Executive and Management 4,201,000 CVE
Director of Accreditation Executive and Management 3,635,200 CVE
Director of Catering Services Executive and Management 3,406,900 CVE
Director of Client Services Executive and Management 3,564,300 CVE
Director of Facilities Management Executive and Management 2,928,100 CVE
Director of Operations Executive and Management 3,829,500 CVE
Director of Process Simplification Executive and Management 2,998,500 CVE
Director of Product Management Executive and Management 3,781,400 CVE
Director of Project Management Executive and Management 3,970,700 CVE
Director of Revenue Management Executive and Management 3,229,900 CVE
Director of Training and Development Executive and Management 3,359,900 CVE
Distribution Manager Executive and Management 3,745,100 CVE
Division Manager Executive and Management 3,373,200 CVE
Duty Manager Executive and Management 3,144,700 CVE
Engagement Manager Executive and Management 4,056,200 CVE
Executive Director Executive and Management 5,605,200 CVE
Executive Manager Executive and Management 4,499,000 CVE
Franchise Manager Executive and Management 4,585,100 CVE
General Manager Executive and Management 4,162,800 CVE
Global Master Data Manager Executive and Management 3,659,400 CVE
Global Technical Lead Executive and Management 2,471,700 CVE
Head of Investment Executive and Management 3,850,500 CVE
Head of Middle Office Executive and Management 3,432,600 CVE
Head of Projects Executive and Management 3,817,500 CVE
Head of Strategy Executive and Management 4,201,000 CVE
Head of Supply Chain Executive and Management 3,217,900 CVE
Head of Sustainability Executive and Management 3,071,100 CVE
Housing Manager Executive and Management 2,987,000 CVE
HSE Manager Executive and Management 3,094,100 CVE
Key Account Manager Executive and Management 2,941,000 CVE
Knowledge Manager Executive and Management 3,514,400 CVE
Location Manager Executive and Management 3,299,800 CVE
Logistics Executive Executive and Management 2,902,500 CVE
Logistics Manager Executive and Management 2,976,900 CVE
Management Consultant Executive and Management 2,941,000 CVE
Management Executive Executive and Management 4,116,600 CVE
Manager Executive and Management 3,503,800 CVE
Managing Director Executive and Management 4,633,100 CVE
MIS Executive Executive and Management 3,659,400 CVE
Ocean Services Manager Executive and Management 3,706,100 CVE
Operational Manager Executive and Management 3,829,500 CVE
Operations Analyst Executive and Management 3,118,900 CVE
Operations Assistant Executive and Management 2,794,600 CVE
Operations Director Executive and Management 3,959,700 CVE
Operations Executive Executive and Management 3,934,900 CVE
Operations Manager Executive and Management 4,079,300 CVE
Operations Supervisor Executive and Management 3,349,100 CVE
Planning Director Executive and Management 3,850,500 CVE
PMO Manager Executive and Management 3,564,300 CVE
Policy Administration Executive Executive and Management 3,178,700 CVE
Private Sector Executive Executive and Management 3,205,100 CVE
Product Development Manager Executive and Management 3,635,200 CVE
Product Executive Executive and Management 3,288,400 CVE
Production Executive Executive and Management 3,817,500 CVE
Production Manager Executive and Management 3,805,100 CVE
Production Supervisor Executive and Management 3,118,900 CVE
Program Director Executive and Management 3,685,200 CVE
Program Manager Executive and Management 3,840,400 CVE
Programme Coordinator Executive and Management 2,629,100 CVE
Project Control Manager Executive and Management 3,863,700 CVE
Project Coordinator Executive and Management 2,230,100 CVE
Project Management Officer Executive and Management 2,605,500 CVE
Project Manager Executive and Management 2,662,900 CVE
Project Portfolio Manager Executive and Management 3,061,300 CVE
Quality Manager Executive and Management 2,987,000 CVE
R/D Director Executive and Management 3,239,400 CVE
Regional Director Executive and Management 5,280,300 CVE
Regional Manager Executive and Management 3,912,600 CVE
Relationship Manager Executive and Management 3,586,300 CVE
Retail District Manager Executive and Management 2,662,900 CVE
Revenue Manager Executive and Management 2,902,500 CVE
Risk and Capital Manager Executive and Management 4,129,300 CVE
Risk Officer Executive and Management 2,868,600 CVE
Safety Manager Executive and Management 2,653,700 CVE
Section Head Executive and Management 2,893,600 CVE
Service Manager Executive and Management 2,868,600 CVE
Shift Supervisor Executive and Management 2,339,200 CVE
Solutions Manager Executive and Management 2,605,500 CVE
Supervisor Executive and Management 2,314,800 CVE
Supply Chain Manager Executive and Management 3,755,300 CVE
Surveyor Executive and Management 2,676,200 CVE
Technical Director Executive and Management 3,622,400 CVE
Technical Manager Executive and Management 3,469,900 CVE
Territory Manager Executive and Management 3,745,100 CVE
Validation Manager Executive and Management 3,144,700 CVE
Vice President Executive and Management 4,270,100 CVE
Zone Manager Executive and Management 3,829,500 CVE

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