Average Assistant Finance Manager Salary in Guinea-Bissau for 2024

In this article, we will look at the average Assistant Finance Manager salary for 2024 in Guinea-Bissau 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 West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does an Assistant Finance Manager Make in Guinea-Bissau?

An Assistant Finance Manager working in Guinea-Bissau will typically earn around 5,531,100 XOF per year, and this can range from the lowest average salary of about 2,987,000 XOF to the highest average salary of 8,362,500 XOF.

Average Annual Salary
5,531,100 XOF
Average Monthly Salary
460,925 XOF

Lowest Annual Salary
2,987,000 XOF
Lowest Monthly Salary
248,916 XOF

Highest Annual Salary
8,362,500 XOF
Highest Monthly Salary
696,875 XOF

These are average salaries for an Assistant Finance Manager in Guinea-Bissau and include benefits such as housing and transport. It's also possible for an Assistant Finance Manager to earn more or less than the average salaries shown above.

Assistant Finance 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 Assistant Finance Manager Salaries in Guinea-Bissau

So we've looked at the average salaries an Assistant Finance Manager will earn in Guinea-Bissau. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Finance Manager can earn between 2,987,000 XOF and 8,362,500 XOF on average in Guinea-Bissau. 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 Finance Manager in Guinea-Bissau is 5,088,900 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 5,088,900 XOF, and 50% of the population earn more than 5,088,900 XOF.

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 Finance Manager salary in Guinea-Bissau, 25% of the population are earning less than 3,635,200 XOF while 75% of the population earn more than 3,635,200 XOF.

75% of the population earn less than 6,193,900 XOF, and 25% of the population earn more than 6,193,900 XOF.

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 Finance Manager Salary by Experience Level in Guinea-Bissau

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 finance 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 Assistant Finance Manager in Guinea-Bissau that has less than two years of experience can expect to earn somewhere in the region of 3,469,900 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Finance Manager salary would increase to 4,380,400 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Finance Manager, the average salary would be 5,784,200 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 6,804,900 XOF.
  • 15 - 20 Years Experience. An Assistant Finance Manager with 15 to 20 years of experience can earn an average of 7,523,300 XOF.
  • 20+ Years Experience. For an Assistant Finance Manager with more than 20 years, the expected average salary increases to 8,004,700 XOF.

Average Salary by Experience Chart

0-2 Years
3,469,900 XOF
2-5 Years +26%
4,380,400 XOF
5-10 Years +32%
5,784,200 XOF
10-15 Years +18%
6,804,900 XOF
15-20 Years +11%
7,523,300 XOF
20+ Years +6%
8,004,700 XOF

Assistant Finance Manager Salary by Education Level in Guinea-Bissau

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 Finance Manager in Guinea-Bissau 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 Finance Manager in Guinea-Bissau with a certificate or diploma education can earn an average salary of 4,380,400 XOF.

  • Bachelor's Degree. An Assistant Finance Manager in Guinea-Bissau with a bachelor's degree education can earn an average salary of 5,784,200 XOF.

  • Master's Degree. An Assistant Finance Manager in Guinea-Bissau with a master's degree education can earn an average salary of 7,930,200 XOF.

Average Salary by Education Chart

Certificate or Diploma
4,380,400 XOF
Bachelor's Degree +32%
5,784,200 XOF
Master's Degree +37%
7,930,200 XOF

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 Guinea-Bissau is around 1,710,000 to 5,120,000 XOF 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 Finance 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 Guinea-Bissau, a male assistant finance manager will earn an average of 5,724,700 XOF, while a female assistant finance manager will earn around 5,256,700 XOF.

This means that a male assistant finance manager earns approximately 9% more than a female assistant finance manager for performing the same job.

Average Salary by Gender Chart in Guinea-Bissau

Male
5,724,700 XOF
Female -9%
5,256,700 XOF

Assistant Finance Manager Average Pay Raise in Guinea-Bissau

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 Finance Manager in Guinea-Bissau is around 9% every 28 months.

The national average pay raise across all professions and industries in Guinea-Bissau 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that an Assistant Finance Manager in Guinea-Bissau can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Guinea-Bissau for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Assistant Finance Manager Bonus and Incentive Rates in Guinea-Bissau

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 Finance Manager is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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 6% to 7%.

Received Bonus
59%
No Bonus
41%

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 Guinea-Bissau earn approximately 18% more than private sector employees in the same role.

Public Sector
4,345,400 XOF
Private Sector -18%
3,685,200 XOF

Salaries for Jobs Similar to an Assistant Finance Manager

In the table below, we have salary information for jobs that are similar to an Assistant Finance Manager in Guinea-Bissau.

Job Title Category Salary
Account Examiner Accounting and Finance 2,038,500 XOF
Account Executive Accounting and Finance 3,553,500 XOF
Accountant Accounting and Finance 2,605,500 XOF
Accounting Analyst Accounting and Finance 3,373,200 XOF
Accounting Assistant Accounting and Finance 2,015,600 XOF
Accounting Associate Accounting and Finance 2,076,600 XOF
Accounting Clerk Accounting and Finance 1,668,900 XOF
Accounting Coordinator Accounting and Finance 2,435,600 XOF
Accounting Head Accounting and Finance 5,628,400 XOF
Accounting Manager Accounting and Finance 6,096,900 XOF
Accounting Officer Accounting and Finance 2,015,600 XOF
Accounting Specialist Accounting and Finance 3,659,400 XOF
Accounting Supervisor Accounting and Finance 3,898,100 XOF
Accounting Technician Accounting and Finance 1,896,700 XOF
Accounting Unit Controller Accounting and Finance 4,558,700 XOF
Accounts Executive Accounting and Finance 3,514,400 XOF
Accounts Officer Accounting and Finance 2,100,900 XOF
Accounts Payable and Receivable Specialist Accounting and Finance 2,782,600 XOF
Accounts Payable Assistant Accounting and Finance 2,290,300 XOF
Accounts Payable Associate Accounting and Finance 2,605,500 XOF
Accounts Payable Clerk Accounting and Finance 2,110,600 XOF
Accounts Payable Manager Accounting and Finance 5,579,400 XOF
Accounts Receivable Administrator Accounting and Finance 4,102,700 XOF
Accounts Receivable Clerk Accounting and Finance 2,086,500 XOF
Accounts Receivable Financial Analyst Accounting and Finance 3,959,700 XOF
Accounts Receivable Manager Accounting and Finance 5,399,900 XOF
Accounts Receivable Team Leader Accounting and Finance 4,102,700 XOF
Assistant Accountant Accounting and Finance 2,161,200 XOF
Assistant Accounting Manager Accounting and Finance 5,221,800 XOF
Assistant Auditor Accounting and Finance 2,711,900 XOF
Assistant Corporate Controller Accounting and Finance 3,733,300 XOF
Assistant Financial Controller Accounting and Finance 3,769,500 XOF
Audit Director Accounting and Finance 6,179,700 XOF
Audit Supervisor Accounting and Finance 4,870,300 XOF
Auditing Clerk Accounting and Finance 2,100,900 XOF
Auditing Manager Accounting and Finance 5,952,700 XOF
Billing Clerk Accounting and Finance 2,146,100 XOF
Billing Coordinator Accounting and Finance 2,543,000 XOF
Billing Specialist Accounting and Finance 2,782,600 XOF
Billing Supervisor Accounting and Finance 4,270,100 XOF
Bookkeeper Accounting and Finance 1,825,000 XOF
Bookkeeping Specialist Accounting and Finance 2,579,200 XOF
Budget Analyst Accounting and Finance 4,726,900 XOF
Budget Manager Accounting and Finance 5,614,600 XOF
Business Support Analyst Accounting and Finance 3,061,300 XOF
Capital Markets Associate Accounting and Finance 3,959,700 XOF
Cash Flow Analyst Accounting and Finance 4,079,300 XOF
Cash Management Manager Accounting and Finance 5,292,500 XOF
Cash Management Officer Accounting and Finance 3,047,800 XOF
Cashbook Clerk Accounting and Finance 1,800,200 XOF
Chartered Accountant Accounting and Finance 3,359,900 XOF
Chief Accountant Accounting and Finance 4,249,700 XOF
Collections Clerk Accounting and Finance 1,716,600 XOF
Collections Representative Accounting and Finance 2,435,600 XOF
Collections Specialist Accounting and Finance 2,854,700 XOF
Corporate Controller Accounting and Finance 4,249,700 XOF
Corporate Treasurer Accounting and Finance 5,351,400 XOF
Cost Accountant Accounting and Finance 2,854,700 XOF
Cost Accounting Manager Accounting and Finance 5,518,700 XOF
Cost Accounting Supervisor Accounting and Finance 4,488,100 XOF
Cost Analyst Accounting and Finance 4,391,800 XOF
Credit and Collection Manager Accounting and Finance 5,434,400 XOF
Credit and Collection Staff Accounting and Finance 2,146,100 XOF
Credit and Loans Officer Accounting and Finance 1,980,600 XOF
Credit Controller Accounting and Finance 3,970,700 XOF
Credit Manager Accounting and Finance 5,651,400 XOF
Debt Adviser Accounting and Finance 4,570,300 XOF
Debt Collector Accounting and Finance 2,207,600 XOF
Debtors Clerk Accounting and Finance 1,858,200 XOF
Debtors Controller Accounting and Finance 2,015,600 XOF
Deputy CFO Accounting and Finance 7,342,500 XOF
Deputy Head of Finance Accounting and Finance 7,224,700 XOF
Derivative Trader Accounting and Finance 4,860,800 XOF
Director of Finance Accounting and Finance 8,339,300 XOF
Economist Accounting and Finance 6,193,900 XOF
Equity Analyst Accounting and Finance 4,991,200 XOF
Escrow Assistant Accounting and Finance 2,401,300 XOF
Executive Accountant Accounting and Finance 3,205,100 XOF
External Auditor Accounting and Finance 3,970,700 XOF
Finance Administrator Accounting and Finance 3,229,900 XOF
Finance Analyst Accounting and Finance 5,123,800 XOF
Finance Associate Accounting and Finance 2,389,200 XOF
Finance Director Accounting and Finance 8,017,000 XOF
Finance Executive Accounting and Finance 6,024,400 XOF
Finance Licensing Clerk Accounting and Finance 2,015,600 XOF
Finance Licensing Manager Accounting and Finance 5,292,500 XOF
Finance Licensing Specialist Accounting and Finance 2,976,900 XOF
Finance Manager Accounting and Finance 7,548,300 XOF
Finance Officer Accounting and Finance 2,653,700 XOF
Finance President Accounting and Finance 7,848,500 XOF
Finance Relationship Manager Accounting and Finance 6,382,300 XOF
Finance Release Analyst Accounting and Finance 3,178,700 XOF
Finance Specialist Accounting and Finance 4,429,300 XOF
Finance Team Leader Accounting and Finance 6,109,700 XOF
Financial Accountant Accounting and Finance 2,711,900 XOF
Financial Actuary Accounting and Finance 4,369,800 XOF
Financial Administrator Accounting and Finance 4,475,900 XOF
Financial Advisor Accounting and Finance 4,810,800 XOF
Financial Analyst Accounting and Finance 5,197,600 XOF
Financial Applications Specialist Accounting and Finance 3,373,200 XOF
Financial Assistant Accounting and Finance 2,161,200 XOF
Financial Associate Accounting and Finance 2,161,200 XOF
Financial Associate Accounting and Finance 2,508,300 XOF
Financial Claims Analyst Accounting and Finance 3,529,600 XOF
Financial Claims Manager Accounting and Finance 5,111,100 XOF
Financial Claims Supervisor Accounting and Finance 4,714,900 XOF
Financial Clerk Accounting and Finance 2,052,200 XOF
Financial Commercial Analyst Accounting and Finance 3,840,400 XOF
Financial Compliance Analyst Accounting and Finance 4,309,300 XOF
Financial Consultant Accounting and Finance 3,529,600 XOF
Financial Controller Accounting and Finance 4,201,000 XOF
Financial Controller Accounting and Finance 4,224,200 XOF
Financial Coordinator Accounting and Finance 2,629,100 XOF
Financial Customer Service Manager Accounting and Finance 4,919,600 XOF
Financial Dealer and Broker Accounting and Finance 2,844,200 XOF
Financial Director Accounting and Finance 8,051,500 XOF
Financial Encoder Accounting and Finance 2,304,300 XOF
Financial Manager Accounting and Finance 7,331,800 XOF
Financial Manager Accounting and Finance 7,669,900 XOF
Financial Operations Manager Accounting and Finance 7,057,300 XOF
Financial Policy Analyst Accounting and Finance 4,093,700 XOF
Financial Project Manager Accounting and Finance 5,724,700 XOF
Financial Quantitative Analyst Accounting and Finance 4,570,300 XOF
Financial Reporting Consultant Accounting and Finance 4,079,300 XOF
Financial Reporting Manager Accounting and Finance 5,038,200 XOF
Financial Section Head Accounting and Finance 5,461,900 XOF
Financial Services Manager Accounting and Finance 6,922,100 XOF
Financial Services Sales Agent Accounting and Finance 2,893,600 XOF
Fixed Assets Administrator Accounting and Finance 2,878,300 XOF
Forensic Accountant Accounting and Finance 3,229,900 XOF
Fraud Detection Supervisor Accounting and Finance 3,288,400 XOF
Fraud Prevention Manager Accounting and Finance 5,399,900 XOF
Fund Accountant Accounting and Finance 2,508,300 XOF
Grants Coordinator Accounting and Finance 2,136,200 XOF
Group Financial Manager Accounting and Finance 7,789,700 XOF
Internal Auditor Accounting and Finance 3,769,500 XOF
Internal Control Adviser Accounting and Finance 4,201,000 XOF
Internal Control Officer Accounting and Finance 2,304,300 XOF
International Tax Director Accounting and Finance 6,862,900 XOF
Inventory Accountant Accounting and Finance 2,878,300 XOF
Investment Advisor Accounting and Finance 7,703,700 XOF
Investment Analyst Accounting and Finance 5,639,700 XOF
Investment Associate Accounting and Finance 4,799,700 XOF
Investment Broker Accounting and Finance 4,752,100 XOF
Investment Fund Manager Accounting and Finance 6,322,500 XOF
Investment Operations Manager Accounting and Finance 6,274,900 XOF
Investment Underwriter Accounting and Finance 2,389,200 XOF
Investor Accounting and Finance 3,421,600 XOF
Investor Relations Manager Accounting and Finance 5,280,300 XOF
KYC Team Leader Accounting and Finance 5,099,700 XOF
Loan Processor Accounting and Finance 2,304,300 XOF
Management Accountant Accounting and Finance 2,964,800 XOF
Management Economist Accounting and Finance 6,109,700 XOF
Paymaster Accounting and Finance 2,146,100 XOF
Payroll Administrator Accounting and Finance 3,586,300 XOF
Payroll Benefits Coordinator Accounting and Finance 3,168,300 XOF
Payroll Billing Manager Accounting and Finance 5,197,600 XOF
Payroll Clerk Accounting and Finance 2,352,500 XOF
Payroll Manager Accounting and Finance 4,895,800 XOF
Payroll Officer Accounting and Finance 2,460,900 XOF
Payroll Specialist Accounting and Finance 2,914,600 XOF
Payroll Supervisor Accounting and Finance 3,385,800 XOF
Pensions Administrator Accounting and Finance 2,773,700 XOF
Personal Financial Advisor Accounting and Finance 4,067,600 XOF
Pricing Analyst Accounting and Finance 4,439,200 XOF
Private Equity Analyst Accounting and Finance 4,908,200 XOF
Project Accountant Accounting and Finance 2,794,600 XOF
Proposal Development Coordinator Accounting and Finance 2,327,100 XOF
Receivables Accountant Accounting and Finance 2,579,200 XOF
Regulatory Accountant Accounting and Finance 3,144,700 XOF
Retirement Plan Analyst Accounting and Finance 4,249,700 XOF
Revenue Management Specialist Accounting and Finance 4,391,800 XOF
Revenue Recognition Analyst Accounting and Finance 5,017,100 XOF
Risk Management Director Accounting and Finance 6,826,100 XOF
Risk Management Supervisor Accounting and Finance 5,579,400 XOF
Staff Accountant Accounting and Finance 2,734,500 XOF
Tax Accountant Accounting and Finance 2,641,300 XOF
Tax Administrator Accounting and Finance 2,878,300 XOF
Tax Advisor Accounting and Finance 4,032,100 XOF
Tax Analyst Accounting and Finance 3,996,300 XOF
Tax Associate Accounting and Finance 2,352,500 XOF
Tax Consultant Accounting and Finance 4,570,300 XOF
Tax Director Accounting and Finance 6,587,900 XOF
Tax Examiner Accounting and Finance 2,868,600 XOF
Tax Manager Accounting and Finance 5,711,000 XOF
Tax Research Manager Accounting and Finance 5,663,200 XOF
Teller Accounting and Finance 1,645,600 XOF
Treasury Accountant Accounting and Finance 2,878,300 XOF
Treasury Analyst Accounting and Finance 4,609,700 XOF
Underwriter Accounting and Finance 1,942,700 XOF
Underwriting Assistant Accounting and Finance 1,811,000 XOF
Vice President of Finance Accounting and Finance 7,321,700 XOF

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