Average Assistant Broker Salary in Central African Republic for 2024

In this article, we will look at the average Assistant Broker salary for 2024 in Central African Republic 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 Central African CFA franc. To keep things simple, we are using the XAF currency code instead of the currency symbol Fr.

How Much Does an Assistant Broker Make in Central African Republic?

An Assistant Broker working in Central African Republic will typically earn around 3,469,900 XAF per year, and this can range from the lowest average salary of about 1,655,500 XAF to the highest average salary of 5,434,400 XAF.

Average Annual Salary
3,469,900 XAF
Average Monthly Salary
289,158 XAF

Lowest Annual Salary
1,655,500 XAF
Lowest Monthly Salary
137,958 XAF

Highest Annual Salary
5,434,400 XAF
Highest Monthly Salary
452,866 XAF

These are average salaries for an Assistant Broker in Central African Republic and include benefits such as housing and transport. It's also possible for an Assistant Broker to earn more or less than the average salaries shown above.

Assistant 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 Assistant Broker Salaries in Central African Republic

So we've looked at the average salaries an Assistant Broker will earn in Central African Republic. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Broker can earn between 1,655,500 XAF and 5,434,400 XAF on average in Central African Republic. 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 Assistant Broker in Central African Republic is 3,601,500 XAF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,601,500 XAF, and 50% of the population earn more than 3,601,500 XAF.

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 Assistant Broker salary in Central African Republic, 25% of the population are earning less than 2,362,300 XAF while 75% of the population earn more than 2,362,300 XAF.

75% of the population earn less than 4,703,900 XAF, and 25% of the population earn more than 4,703,900 XAF.

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.

Assistant Broker Salary by Experience Level in Central African Republic

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 assistant 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. An Assistant Broker in Central African Republic that has less than two years of experience can expect to earn somewhere in the region of 1,942,700 XAF.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Broker salary would increase to 2,759,700 XAF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Broker, the average salary would be 3,622,400 XAF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,450,400 XAF.
  • 15 - 20 Years Experience. An Assistant Broker with 15 to 20 years of experience can earn an average of 4,739,800 XAF.
  • 20+ Years Experience. For an Assistant Broker with more than 20 years, the expected average salary increases to 5,197,600 XAF.

Average Salary by Experience Chart

0-2 Years
1,942,700 XAF
2-5 Years +42%
2,759,700 XAF
5-10 Years +31%
3,622,400 XAF
10-15 Years +23%
4,450,400 XAF
15-20 Years +6%
4,739,800 XAF
20+ Years +10%
5,197,600 XAF

Assistant Broker Salary by Education Level in Central African Republic

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 Assistant Broker in Central African Republic based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Assistant Broker in Central African Republic with a certificate or diploma education can earn an average salary of 2,605,500 XAF.

  • Bachelor's Degree. An Assistant Broker in Central African Republic with a bachelor's degree education can earn an average salary of 4,943,500 XAF.

Average Salary by Education Chart

Certificate or Diploma
2,605,500 XAF
Bachelor's Degree +90%
4,943,500 XAF

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 Central African Republic is around 2,160,000 to 6,490,000 XAF 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.

Assistant 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 Central African Republic, a male assistant broker will earn an average of 3,696,900 XAF, while a female assistant broker will earn around 3,359,900 XAF.

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

Average Salary by Gender Chart in Central African Republic

Male
3,696,900 XAF
Female -10%
3,359,900 XAF

Assistant Broker Average Pay Raise in Central African Republic

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 Assistant Broker in Central African Republic is around 6% every 29 months.

The national average pay raise across all professions and industries in Central African Republic 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that an Assistant Broker in Central African Republic can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Central African Republic for 2024

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

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%

Assistant Broker Bonus and Incentive Rates in Central African Republic

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 Assistant Broker is a low bonus based job, with 13% of employees reporting at least one bonus in the last 12 months.

87% 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 0% to 4%.

Received Bonus
13%
No Bonus
87%

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 Central African Republic earn approximately 7% more than private sector employees in the same role.

Public Sector
5,351,400 XAF
Private Sector -7%
4,981,700 XAF

Salaries for Jobs Similar to an Assistant Broker

In the table below, we have salary information for jobs that are similar to an Assistant Broker in Central African Republic.

Job Title Category Salary
Actuarial Analyst Insurance 6,670,600 XAF
Actuarial Assistant Insurance 4,895,800 XAF
Actuarial Specialist Insurance 5,172,800 XAF
Actuary Insurance 7,057,300 XAF
Adjustment Insurance Clerk Insurance 1,967,000 XAF
Assistant Claims Manager Insurance 5,686,100 XAF
Associate Insurance Representative Insurance 2,773,700 XAF
Auditing Insurance Manager Insurance 7,416,400 XAF
Broker Insurance 5,053,200 XAF
Claim Advocacy Professional Insurance 5,161,100 XAF
Claims Adjuster Insurance 1,930,500 XAF
Claims Analyst Insurance 2,819,600 XAF
Claims Examiner Insurance 2,653,700 XAF
Claims Manager Insurance 7,510,300 XAF
Claims Processor Insurance 1,858,200 XAF
Claims Representative Insurance 2,266,400 XAF
Claims Resolution Specialist Insurance 5,771,600 XAF
Claims Supervisor Insurance 5,183,700 XAF
Complaints Specialist Insurance 4,981,700 XAF
Compliance Examiner Insurance 4,726,900 XAF
Compliance Officer Insurance 4,152,200 XAF
Compliance Reviewer Insurance 4,860,800 XAF
Consultant Insurance 4,981,700 XAF
Eligibility Interviewer Insurance 5,724,700 XAF
Eligibility Specialist Insurance 5,461,900 XAF
Insurance Account Manager Insurance 6,263,400 XAF
Insurance Accounts Executive Insurance 5,890,200 XAF
Insurance Adjuster Insurance 5,063,200 XAF
Insurance Agent Insurance 2,976,900 XAF
Insurance Analyst Insurance 5,029,900 XAF
Insurance Appraiser Insurance 5,053,200 XAF
Insurance Claims Clerk Insurance 1,942,700 XAF
Insurance Examiner Insurance 5,003,800 XAF
Insurance Investigator Insurance 4,846,300 XAF
Insurance Manager Insurance 8,891,600 XAF
Insurance Operations Manager Insurance 8,664,400 XAF
Insurance Policy Processing Clerk Insurance 1,990,300 XAF
Insurance Pricing Assistant Insurance 4,309,300 XAF
Insurance Program Manager Insurance 6,613,100 XAF
Insurance Project Manager Insurance 6,335,800 XAF
Insurance Quality Assurance Agent Insurance 4,585,100 XAF
Insurance Sales Agent Insurance 3,013,500 XAF
Insurance Sales Director Insurance 8,508,800 XAF
Insurance Sales Manager Insurance 6,745,700 XAF
Insurance Sales Representative Insurance 2,748,900 XAF
Insurance Team Leader Insurance 5,567,700 XAF
Insurance Underwriter Insurance 3,829,500 XAF
Loss Control Specialist Insurance 4,908,200 XAF
Loss Prevention Investigator Insurance 5,507,100 XAF
Loss Prevention Manager Insurance 7,259,000 XAF
Loss Prevention Specialist Insurance 5,531,100 XAF
Marine Underwriter Insurance 3,889,500 XAF
Medical Auditor Insurance 5,242,700 XAF
Monitoring and Performance Officer Insurance 3,610,800 XAF
Payment Services Specialist Insurance 5,305,100 XAF
Policy Change Director Insurance 8,352,700 XAF
Policy Change Supervisor Insurance 5,434,400 XAF
Policy Change Technician Insurance 2,543,000 XAF
Risk Analyst Insurance 5,747,700 XAF
Risk Management Director Insurance 10,391,200 XAF
Risk Management Supervisor Insurance 6,322,500 XAF
Risk Manager Insurance 9,816,600 XAF
Risk Modeling Manager Insurance 10,212,200 XAF
Title Insurance Typist Insurance 4,510,700 XAF
Training Manager Insurance 6,048,900 XAF

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