Average Account Officer Salary in Guyana for 2024

In this article, we will look at the average Account Officer salary for 2024 in Guyana 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 Guyanese dollar. To keep things simple, we are using the GYD currency code instead of the currency symbol $.

How Much Does an Account Officer Make in Guyana?

An Account Officer working in Guyana will typically earn around 1,259,300 GYD per year, and this can range from the lowest average salary of about 653,200 GYD to the highest average salary of 1,921,500 GYD.

Average Annual Salary
1,259,300 GYD
Average Monthly Salary
104,941 GYD

Lowest Annual Salary
653,200 GYD
Lowest Monthly Salary
54,433 GYD

Highest Annual Salary
1,921,500 GYD
Highest Monthly Salary
160,125 GYD

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

Account Officer 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 Officer Salaries in Guyana

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

Salary ranges

We already know that an Account Officer can earn between 653,200 GYD and 1,921,500 GYD on average in Guyana. 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 Officer in Guyana is 1,212,800 GYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,212,800 GYD, and 50% of the population earn more than 1,212,800 GYD.

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 Officer salary in Guyana, 25% of the population are earning less than 839,500 GYD while 75% of the population earn more than 839,500 GYD.

75% of the population earn less than 1,500,800 GYD, and 25% of the population earn more than 1,500,800 GYD.

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 Officer Salary by Experience Level in Guyana

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 officer 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 Officer in Guyana that has less than two years of experience can expect to earn somewhere in the region of 743,100 GYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Account Officer salary would increase to 995,200 GYD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Account Officer, the average salary would be 1,296,900 GYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,570,900 GYD.
  • 15 - 20 Years Experience. An Account Officer with 15 to 20 years of experience can earn an average of 1,716,600 GYD.
  • 20+ Years Experience. For an Account Officer with more than 20 years, the expected average salary increases to 1,800,200 GYD.

Average Salary by Experience Chart

0-2 Years
743,100 GYD
2-5 Years +34%
995,200 GYD
5-10 Years +30%
1,296,900 GYD
10-15 Years +21%
1,570,900 GYD
15-20 Years +9%
1,716,600 GYD
20+ Years +5%
1,800,200 GYD

Account Officer Salary by Education Level in Guyana

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 Officer in Guyana 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 Officer in Guyana with a high school education can earn an average salary of 883,500 GYD.

  • Certificate or Diploma. An Account Officer in Guyana with a certificate or diploma education can earn an average salary of 1,259,300 GYD.

  • Bachelor's Degree. An Account Officer in Guyana with a bachelor's degree education can earn an average salary of 1,741,800 GYD.

Average Salary by Education Chart

High School
883,500 GYD
Certificate or Diploma +43%
1,259,300 GYD
Bachelor's Degree +38%
1,741,800 GYD

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 Guyana is around 876,000 to 2,630,000 GYD 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 Officer 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 Guyana, a male account officer will earn an average of 1,306,100 GYD, while a female account officer will earn around 1,212,800 GYD.

This means that a male account officer earns approximately 8% more than a female account officer for performing the same job.

Average Salary by Gender Chart in Guyana

Male
1,306,100 GYD
Female -8%
1,212,800 GYD

Account Officer Average Pay Raise in Guyana

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 Officer in Guyana is around 7% every 28 months.

The national average pay raise across all professions and industries in Guyana 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 an Account Officer in Guyana can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Guyana for 2024

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

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 Officer Bonus and Incentive Rates in Guyana

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 Officer is a low bonus based job, with 34% of employees reporting at least one bonus in the last 12 months.

66% 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%.

Received Bonus
34%
No Bonus
66%

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

Public Sector
2,266,400 GYD
Private Sector -14%
1,990,300 GYD

Salaries for Jobs Similar to an Account Officer

In the table below, we have salary information for jobs that are similar to an Account Officer in Guyana.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 2,242,500 GYD
Area Manager Sales Retail and Wholesale 2,435,600 GYD
Area Sales Director Sales Retail and Wholesale 4,056,200 GYD
Area Sales Manager Sales Retail and Wholesale 3,277,900 GYD
Assisstant Store Supervisor Sales Retail and Wholesale 1,320,500 GYD
Assistant Department Manager Sales Retail and Wholesale 1,606,100 GYD
Assistant Retail Store Manager Sales Retail and Wholesale 1,788,300 GYD
Branch Manager Sales Retail and Wholesale 2,435,600 GYD
Branch Supervisor Sales Retail and Wholesale 2,076,600 GYD
Cashier Sales Retail and Wholesale 724,000 GYD
Cashier Manager Sales Retail and Wholesale 1,678,300 GYD
Commercial Sales Manager Sales Retail and Wholesale 3,263,500 GYD
Corporate Sales Manager Sales Retail and Wholesale 2,734,500 GYD
Depot Manager Sales Retail and Wholesale 2,314,800 GYD
Depot Supervisor Sales Retail and Wholesale 2,124,400 GYD
Deputy Sales Manager Sales Retail and Wholesale 2,161,200 GYD
Director of Sales Sales Retail and Wholesale 3,769,500 GYD
Distribution Director Sales Retail and Wholesale 2,759,700 GYD
District Leader Sales Retail and Wholesale 1,980,600 GYD
District Manager Sales Retail and Wholesale 2,495,600 GYD
District Sales Manager Sales Retail and Wholesale 2,352,500 GYD
External Sales Account Manager Sales Retail and Wholesale 2,281,800 GYD
Field Sales Representative Sales Retail and Wholesale 1,645,600 GYD
Furniture Sales Associate Sales Retail and Wholesale 1,144,400 GYD
Global Wholesale Manager Sales Retail and Wholesale 4,391,800 GYD
Head Cashier Sales Retail and Wholesale 1,524,300 GYD
Head of Direct Sales Sales Retail and Wholesale 2,964,800 GYD
Head of Retail Sales Retail and Wholesale 2,831,100 GYD
Head Teller Sales Retail and Wholesale 1,510,400 GYD
Inside Sales Sales Retail and Wholesale 1,273,300 GYD
Inside Sales Account Manager Sales Retail and Wholesale 2,003,200 GYD
Inside Sales Engineer Sales Retail and Wholesale 1,487,200 GYD
Inside Sales Executive Sales Retail and Wholesale 2,173,000 GYD
Inside Sales Representative Sales Retail and Wholesale 1,380,400 GYD
Internal Sales Manager Sales Retail and Wholesale 2,339,200 GYD
Inventory Manager Sales Retail and Wholesale 2,352,500 GYD
Key Account Manager Sales Retail and Wholesale 2,290,300 GYD
Medical Device Sales Sales Retail and Wholesale 1,751,700 GYD
Medical Device Sales Representative Sales Retail and Wholesale 1,741,800 GYD
Merchandiser Sales Retail and Wholesale 1,560,800 GYD
National Account Manager Sales Retail and Wholesale 3,168,300 GYD
National Customer Solution Specialist Sales Retail and Wholesale 2,759,700 GYD
National Sales Manager Sales Retail and Wholesale 4,403,400 GYD
Outside Sales Representative Sales Retail and Wholesale 1,570,900 GYD
Parts Salesperson Sales Retail and Wholesale 1,306,100 GYD
Project Development Manager Sales Retail and Wholesale 2,447,200 GYD
Project Manager Sales Retail and Wholesale 2,579,200 GYD
Project Sales Executive Sales Retail and Wholesale 2,579,200 GYD
Purchasing and Sales Executive Sales Retail and Wholesale 3,553,500 GYD
Quotation Engineer Sales Retail and Wholesale 1,259,300 GYD
Regional Sales Director Sales Retail and Wholesale 4,067,600 GYD
Regional Sales Manager Sales Retail and Wholesale 4,019,900 GYD
Relationship Manager Sales Retail and Wholesale 2,854,700 GYD
Retail Merchandiser Sales Retail and Wholesale 993,600 GYD
Retail Operations Manager Sales Retail and Wholesale 2,543,000 GYD
Retail Sales Associate Sales Retail and Wholesale 1,846,200 GYD
Retail Sales Representative Sales Retail and Wholesale 1,476,700 GYD
Retail Salesperson Sales Retail and Wholesale 1,259,300 GYD
Retail Store Manager Sales Retail and Wholesale 2,423,000 GYD
Retail Store Sales Person Sales Retail and Wholesale 1,235,600 GYD
Revenue Manager Sales Retail and Wholesale 2,339,200 GYD
Sales Account Manager Sales Retail and Wholesale 2,734,500 GYD
Sales Admin Executive Sales Retail and Wholesale 3,263,500 GYD
Sales Administration Manager Sales Retail and Wholesale 2,964,800 GYD
Sales Analyst Sales Retail and Wholesale 2,304,300 GYD
Sales Assistant Sales Retail and Wholesale 1,004,600 GYD
Sales Associate Sales Retail and Wholesale 1,224,800 GYD
Sales Consultant Sales Retail and Wholesale 1,930,500 GYD
Sales Coordinator Sales Retail and Wholesale 1,440,700 GYD
Sales Development Representative Sales Retail and Wholesale 1,594,500 GYD
Sales Director Sales Retail and Wholesale 3,984,100 GYD
Sales Engineer Sales Retail and Wholesale 1,450,700 GYD
Sales Executive Sales Retail and Wholesale 2,641,300 GYD
Sales Manager Sales Retail and Wholesale 3,564,300 GYD
Sales Officer Sales Retail and Wholesale 1,283,600 GYD
Sales Planner Sales Retail and Wholesale 2,173,000 GYD
Sales Planning Analyst Sales Retail and Wholesale 2,266,400 GYD
Sales Representative Sales Retail and Wholesale 1,333,900 GYD
Sales Service Associate Sales Retail and Wholesale 1,198,300 GYD
Sales Specialist Sales Retail and Wholesale 1,896,700 GYD
Sales Supervisor Sales Retail and Wholesale 2,146,100 GYD
Sales Support Sales Retail and Wholesale 946,800 GYD
Sales Support Manager Sales Retail and Wholesale 2,197,700 GYD
Sales Team Leader Sales Retail and Wholesale 2,076,600 GYD
Sales Trainer Sales Retail and Wholesale 2,352,500 GYD
Securities Sales Agent Sales Retail and Wholesale 2,230,100 GYD
Shipper / Receiver Sales Retail and Wholesale 938,100 GYD
Shop Manager Sales Retail and Wholesale 2,304,300 GYD
Store Development Administrator Sales Retail and Wholesale 1,693,600 GYD
Store Manager Sales Retail and Wholesale 2,605,500 GYD
Territory Sales Manager Sales Retail and Wholesale 3,192,300 GYD
Territory Sales Representative Sales Retail and Wholesale 1,777,700 GYD
Trade Marketing Officer Sales Retail and Wholesale 2,136,200 GYD
Treasury Officer Sales Retail and Wholesale 2,136,200 GYD
Vice President Sales Sales Retail and Wholesale 3,253,900 GYD
Visual Merchandiser Sales Retail and Wholesale 1,098,200 GYD

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