Average Accounts Officer Salary in Seychelles for 2024

In this article, we will look at the average Accounts Officer salary for 2024 in Seychelles 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 Seychellois rupee. To keep things simple, we are using the SCR currency code instead of the currency symbol โ‚จ.

How Much Does an Accounts Officer Make in Seychelles?

An Accounts Officer working in Seychelles will typically earn around 125,100 SCR per year, and this can range from the lowest average salary of about 59,240 SCR to the highest average salary of 194,600 SCR.

Average Annual Salary
125,100 SCR
Average Monthly Salary
10,425 SCR

Lowest Annual Salary
59,240 SCR
Lowest Monthly Salary
4,936 SCR

Highest Annual Salary
194,600 SCR
Highest Monthly Salary
16,216 SCR

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

Accounts 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 Accounts Officer Salaries in Seychelles

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

Salary ranges

We already know that an Accounts Officer can earn between 59,240 SCR and 194,600 SCR on average in Seychelles. 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 Accounts Officer in Seychelles is 128,900 SCR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 128,900 SCR, and 50% of the population earn more than 128,900 SCR.

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 Accounts Officer salary in Seychelles, 25% of the population are earning less than 85,020 SCR while 75% of the population earn more than 85,020 SCR.

75% of the population earn less than 172,400 SCR, and 25% of the population earn more than 172,400 SCR.

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.

Accounts Officer Salary by Experience Level in Seychelles

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 accounts 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 Accounts Officer in Seychelles that has less than two years of experience can expect to earn somewhere in the region of 67,020 SCR.
  • 2 - 5 Years Experience. With two to five years of experience the average Accounts Officer salary would increase to 93,140 SCR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accounts Officer, the average salary would be 128,900 SCR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 159,400 SCR.
  • 15 - 20 Years Experience. An Accounts Officer with 15 to 20 years of experience can earn an average of 167,100 SCR.
  • 20+ Years Experience. For an Accounts Officer with more than 20 years, the expected average salary increases to 183,700 SCR.

Average Salary by Experience Chart

0-2 Years
67,020 SCR
2-5 Years +38%
93,140 SCR
5-10 Years +42%
128,900 SCR
10-15 Years +22%
159,400 SCR
15-20 Years +6%
167,100 SCR
20+ Years +9%
183,700 SCR

Accounts Officer Salary by Education Level in Seychelles

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 Accounts Officer in Seychelles 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 Accounts Officer in Seychelles with a high school education can earn an average salary of 80,580 SCR.

  • Certificate or Diploma. An Accounts Officer in Seychelles with a certificate or diploma education can earn an average salary of 119,900 SCR.

  • Bachelor's Degree. An Accounts Officer in Seychelles with a bachelor's degree education can earn an average salary of 181,600 SCR.

Average Salary by Education Chart

High School
80,580 SCR
Certificate or Diploma +51%
119,900 SCR
Bachelor's Degree +50%
181,600 SCR

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 Seychelles is around 98,200 to 295,000 SCR 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.

Accounts 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 Seychelles, a male accounts officer will earn an average of 130,400 SCR, while a female accounts officer will earn around 115,640 SCR.

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

Average Salary by Gender Chart in Seychelles

Male
130,400 SCR
Female -13%
115,640 SCR

Accounts Officer Average Pay Raise in Seychelles

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 Accounts Officer in Seychelles is around 7% every 27 months.

The national average pay raise across all professions and industries in Seychelles 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 = ( 7 ÷ 27 ) × 12  = 3%

What this means is that an Accounts Officer in Seychelles can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Seychelles for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Accounts Officer Bonus and Incentive Rates in Seychelles

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 Accounts Officer is a low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.

61% 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
39%
No Bonus
61%

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 Seychelles earn approximately 5% more than private sector employees in the same role.

Public Sector
240,500 SCR
Private Sector -5%
228,500 SCR

Salaries for Jobs Similar to an Accounts Officer

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

Job Title Category Salary
Account Examiner Accounting and Finance 113,280 SCR
Account Executive Accounting and Finance 209,500 SCR
Accountant Accounting and Finance 150,000 SCR
Accounting Analyst Accounting and Finance 195,200 SCR
Accounting Assistant Accounting and Finance 116,180 SCR
Accounting Associate Accounting and Finance 114,820 SCR
Accounting Clerk Accounting and Finance 96,960 SCR
Accounting Coordinator Accounting and Finance 136,200 SCR
Accounting Head Accounting and Finance 335,100 SCR
Accounting Manager Accounting and Finance 352,000 SCR
Accounting Officer Accounting and Finance 115,940 SCR
Accounting Specialist Accounting and Finance 212,500 SCR
Accounting Supervisor Accounting and Finance 214,000 SCR
Accounting Technician Accounting and Finance 109,000 SCR
Accounting Unit Controller Accounting and Finance 266,000 SCR
Accounts Executive Accounting and Finance 194,600 SCR
Accounts Payable and Receivable Specialist Accounting and Finance 164,200 SCR
Accounts Payable Assistant Accounting and Finance 129,000 SCR
Accounts Payable Associate Accounting and Finance 143,200 SCR
Accounts Payable Clerk Accounting and Finance 123,400 SCR
Accounts Payable Manager Accounting and Finance 322,600 SCR
Accounts Receivable Administrator Accounting and Finance 228,500 SCR
Accounts Receivable Clerk Accounting and Finance 119,900 SCR
Accounts Receivable Financial Analyst Accounting and Finance 228,000 SCR
Accounts Receivable Manager Accounting and Finance 314,500 SCR
Accounts Receivable Team Leader Accounting and Finance 239,000 SCR
Assistant Accountant Accounting and Finance 124,400 SCR
Assistant Accounting Manager Accounting and Finance 294,700 SCR
Assistant Auditor Accounting and Finance 159,100 SCR
Assistant Corporate Controller Accounting and Finance 221,500 SCR
Assistant Finance Manager Accounting and Finance 332,100 SCR
Assistant Financial Controller Accounting and Finance 225,700 SCR
Audit Director Accounting and Finance 362,200 SCR
Audit Supervisor Accounting and Finance 283,700 SCR
Auditing Clerk Accounting and Finance 125,100 SCR
Auditing Manager Accounting and Finance 318,800 SCR
Billing Clerk Accounting and Finance 118,380 SCR
Billing Coordinator Accounting and Finance 138,800 SCR
Billing Specialist Accounting and Finance 172,400 SCR
Billing Supervisor Accounting and Finance 252,300 SCR
Bookkeeper Accounting and Finance 106,980 SCR
Bookkeeping Specialist Accounting and Finance 148,300 SCR
Budget Analyst Accounting and Finance 283,400 SCR
Budget Manager Accounting and Finance 335,800 SCR
Business Support Analyst Accounting and Finance 180,300 SCR
Capital Markets Associate Accounting and Finance 232,400 SCR
Cash Flow Analyst Accounting and Finance 245,300 SCR
Cash Management Manager Accounting and Finance 318,800 SCR
Cash Management Officer Accounting and Finance 183,700 SCR
Cashbook Clerk Accounting and Finance 111,920 SCR
Chartered Accountant Accounting and Finance 204,700 SCR
Chief Accountant Accounting and Finance 228,500 SCR
Collections Clerk Accounting and Finance 95,600 SCR
Collections Representative Accounting and Finance 142,300 SCR
Collections Specialist Accounting and Finance 158,700 SCR
Corporate Controller Accounting and Finance 263,200 SCR
Corporate Treasurer Accounting and Finance 294,700 SCR
Cost Accountant Accounting and Finance 159,500 SCR
Cost Accounting Manager Accounting and Finance 305,600 SCR
Cost Accounting Supervisor Accounting and Finance 261,300 SCR
Cost Analyst Accounting and Finance 240,500 SCR
Credit and Collection Manager Accounting and Finance 325,600 SCR
Credit and Collection Staff Accounting and Finance 125,100 SCR
Credit and Loans Officer Accounting and Finance 111,240 SCR
Credit Controller Accounting and Finance 210,500 SCR
Credit Manager Accounting and Finance 314,500 SCR
Debt Adviser Accounting and Finance 265,000 SCR
Debt Collector Accounting and Finance 129,000 SCR
Debtors Clerk Accounting and Finance 106,820 SCR
Debtors Controller Accounting and Finance 115,940 SCR
Deputy CFO Accounting and Finance 440,200 SCR
Deputy Head of Finance Accounting and Finance 433,800 SCR
Derivative Trader Accounting and Finance 267,100 SCR
Director of Finance Accounting and Finance 483,400 SCR
Economist Accounting and Finance 365,400 SCR
Equity Analyst Accounting and Finance 267,100 SCR
Escrow Assistant Accounting and Finance 148,300 SCR
Executive Accountant Accounting and Finance 185,100 SCR
External Auditor Accounting and Finance 210,500 SCR
Finance Administrator Accounting and Finance 187,300 SCR
Finance Analyst Accounting and Finance 275,200 SCR
Finance Associate Accounting and Finance 138,200 SCR
Finance Director Accounting and Finance 467,100 SCR
Finance Executive Accounting and Finance 322,600 SCR
Finance Licensing Clerk Accounting and Finance 114,900 SCR
Finance Licensing Manager Accounting and Finance 301,800 SCR
Finance Licensing Specialist Accounting and Finance 169,000 SCR
Finance Manager Accounting and Finance 440,200 SCR
Finance Officer Accounting and Finance 151,800 SCR
Finance President Accounting and Finance 472,000 SCR
Finance Relationship Manager Accounting and Finance 351,200 SCR
Finance Release Analyst Accounting and Finance 190,500 SCR
Finance Specialist Accounting and Finance 259,100 SCR
Finance Team Leader Accounting and Finance 340,000 SCR
Financial Accountant Accounting and Finance 159,100 SCR
Financial Actuary Accounting and Finance 233,600 SCR
Financial Administrator Accounting and Finance 268,900 SCR
Financial Advisor Accounting and Finance 282,300 SCR
Financial Analyst Accounting and Finance 275,500 SCR
Financial Applications Specialist Accounting and Finance 197,600 SCR
Financial Assistant Accounting and Finance 127,700 SCR
Financial Associate Accounting and Finance 125,100 SCR
Financial Associate Accounting and Finance 148,300 SCR
Financial Claims Analyst Accounting and Finance 212,500 SCR
Financial Claims Manager Accounting and Finance 281,500 SCR
Financial Claims Supervisor Accounting and Finance 259,100 SCR
Financial Clerk Accounting and Finance 115,220 SCR
Financial Commercial Analyst Accounting and Finance 221,500 SCR
Financial Compliance Analyst Accounting and Finance 252,300 SCR
Financial Consultant Accounting and Finance 210,500 SCR
Financial Controller Accounting and Finance 239,300 SCR
Financial Controller Accounting and Finance 247,800 SCR
Financial Coordinator Accounting and Finance 152,100 SCR
Financial Customer Service Manager Accounting and Finance 301,600 SCR
Financial Dealer and Broker Accounting and Finance 167,100 SCR
Financial Director Accounting and Finance 480,300 SCR
Financial Encoder Accounting and Finance 136,100 SCR
Financial Manager Accounting and Finance 420,100 SCR
Financial Manager Accounting and Finance 448,500 SCR
Financial Operations Manager Accounting and Finance 421,400 SCR
Financial Policy Analyst Accounting and Finance 233,600 SCR
Financial Project Manager Accounting and Finance 313,700 SCR
Financial Quantitative Analyst Accounting and Finance 263,200 SCR
Financial Reporting Consultant Accounting and Finance 225,700 SCR
Financial Reporting Manager Accounting and Finance 290,800 SCR
Financial Section Head Accounting and Finance 292,000 SCR
Financial Services Manager Accounting and Finance 406,300 SCR
Financial Services Sales Agent Accounting and Finance 164,200 SCR
Fixed Assets Administrator Accounting and Finance 172,200 SCR
Forensic Accountant Accounting and Finance 175,900 SCR
Fraud Detection Supervisor Accounting and Finance 204,700 SCR
Fraud Prevention Manager Accounting and Finance 332,100 SCR
Fund Accountant Accounting and Finance 157,600 SCR
Grants Coordinator Accounting and Finance 116,380 SCR
Group Financial Manager Accounting and Finance 430,500 SCR
Internal Auditor Accounting and Finance 201,100 SCR
Internal Control Adviser Accounting and Finance 257,700 SCR
Internal Control Officer Accounting and Finance 143,200 SCR
International Tax Director Accounting and Finance 385,300 SCR
Inventory Accountant Accounting and Finance 161,600 SCR
Investment Advisor Accounting and Finance 431,300 SCR
Investment Analyst Accounting and Finance 318,800 SCR
Investment Associate Accounting and Finance 258,400 SCR
Investment Broker Accounting and Finance 267,100 SCR
Investment Fund Manager Accounting and Finance 340,000 SCR
Investment Operations Manager Accounting and Finance 353,600 SCR
Investment Underwriter Accounting and Finance 129,000 SCR
Investor Accounting and Finance 196,800 SCR
Investor Relations Manager Accounting and Finance 301,700 SCR
KYC Team Leader Accounting and Finance 294,700 SCR
Loan Processor Accounting and Finance 125,700 SCR
Management Accountant Accounting and Finance 169,000 SCR
Management Economist Accounting and Finance 351,900 SCR
Paymaster Accounting and Finance 123,400 SCR
Payroll Administrator Accounting and Finance 205,700 SCR
Payroll Benefits Coordinator Accounting and Finance 183,600 SCR
Payroll Billing Manager Accounting and Finance 301,800 SCR
Payroll Clerk Accounting and Finance 136,100 SCR
Payroll Manager Accounting and Finance 279,400 SCR
Payroll Officer Accounting and Finance 142,300 SCR
Payroll Specialist Accounting and Finance 169,000 SCR
Payroll Supervisor Accounting and Finance 194,600 SCR
Pensions Administrator Accounting and Finance 159,400 SCR
Personal Financial Advisor Accounting and Finance 225,300 SCR
Pricing Analyst Accounting and Finance 252,300 SCR
Private Equity Analyst Accounting and Finance 277,400 SCR
Project Accountant Accounting and Finance 159,500 SCR
Proposal Development Coordinator Accounting and Finance 136,100 SCR
Receivables Accountant Accounting and Finance 148,300 SCR
Regulatory Accountant Accounting and Finance 167,100 SCR
Retirement Plan Analyst Accounting and Finance 263,200 SCR
Revenue Management Specialist Accounting and Finance 272,800 SCR
Revenue Recognition Analyst Accounting and Finance 277,400 SCR
Risk Management Director Accounting and Finance 394,800 SCR
Risk Management Supervisor Accounting and Finance 322,600 SCR
Staff Accountant Accounting and Finance 148,300 SCR
Tax Accountant Accounting and Finance 158,700 SCR
Tax Administrator Accounting and Finance 172,200 SCR
Tax Advisor Accounting and Finance 243,000 SCR
Tax Analyst Accounting and Finance 240,500 SCR
Tax Associate Accounting and Finance 138,800 SCR
Tax Consultant Accounting and Finance 249,600 SCR
Tax Director Accounting and Finance 361,500 SCR
Tax Examiner Accounting and Finance 161,600 SCR
Tax Manager Accounting and Finance 330,900 SCR
Tax Research Manager Accounting and Finance 327,300 SCR
Teller Accounting and Finance 94,400 SCR
Treasury Accountant Accounting and Finance 164,200 SCR
Treasury Analyst Accounting and Finance 267,100 SCR
Underwriter Accounting and Finance 107,320 SCR
Underwriting Assistant Accounting and Finance 101,840 SCR
Vice President of Finance Accounting and Finance 450,300 SCR

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