Average Assistant Finance Manager Salary in Papua New Guinea for 2024

In this article, we will look at the average Assistant Finance Manager salary for 2024 in Papua New Guinea 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 Papua New Guinean kina. To keep things simple, we are using the PGK currency code instead of the currency symbol K.

How Much Does an Assistant Finance Manager Make in Papua New Guinea?

An Assistant Finance Manager working in Papua New Guinea will typically earn around 72,120 PGK per year, and this can range from the lowest average salary of about 36,700 PGK to the highest average salary of 111,240 PGK.

Average Annual Salary
72,120 PGK
Average Monthly Salary
6,010 PGK

Lowest Annual Salary
36,700 PGK
Lowest Monthly Salary
3,058 PGK

Highest Annual Salary
111,240 PGK
Highest Monthly Salary
9,270 PGK

These are average salaries for an Assistant Finance Manager in Papua New Guinea 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 Papua New Guinea

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

Salary ranges

We already know that an Assistant Finance Manager can earn between 36,700 PGK and 111,240 PGK on average in Papua New Guinea. 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 Papua New Guinea is 66,840 PGK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 66,840 PGK, and 50% of the population earn more than 66,840 PGK.

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 Papua New Guinea, 25% of the population are earning less than 46,040 PGK while 75% of the population earn more than 46,040 PGK.

75% of the population earn less than 86,760 PGK, and 25% of the population earn more than 86,760 PGK.

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 Papua New Guinea

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 Papua New Guinea that has less than two years of experience can expect to earn somewhere in the region of 42,040 PGK.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Finance Manager salary would increase to 56,460 PGK.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Finance Manager, the average salary would be 73,880 PGK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 88,480 PGK.
  • 15 - 20 Years Experience. An Assistant Finance Manager with 15 to 20 years of experience can earn an average of 96,560 PGK.
  • 20+ Years Experience. For an Assistant Finance Manager with more than 20 years, the expected average salary increases to 103,900 PGK.

Average Salary by Experience Chart

0-2 Years
42,040 PGK
2-5 Years +34%
56,460 PGK
5-10 Years +30%
73,880 PGK
10-15 Years +21%
88,480 PGK
15-20 Years +9%
96,560 PGK
20+ Years +5%
103,900 PGK

Assistant Finance Manager Salary by Education Level in Papua New Guinea

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 Papua New Guinea 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 Papua New Guinea with a certificate or diploma education can earn an average salary of 49,560 PGK.

  • Bachelor's Degree. An Assistant Finance Manager in Papua New Guinea with a bachelor's degree education can earn an average salary of 74,300 PGK.

  • Master's Degree. An Assistant Finance Manager in Papua New Guinea with a master's degree education can earn an average salary of 109,000 PGK.

Average Salary by Education Chart

Certificate or Diploma
49,560 PGK
Bachelor's Degree +52%
74,300 PGK
Master's Degree +42%
109,000 PGK

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 Papua New Guinea is around 20,500 to 61,600 PGK 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 Papua New Guinea, a male assistant finance manager will earn an average of 74,560 PGK, while a female assistant finance manager will earn around 66,840 PGK.

This means that a male assistant finance manager earns approximately 12% more than a female assistant finance manager for performing the same job.

Average Salary by Gender Chart in Papua New Guinea

Male
74,560 PGK
Female -12%
66,840 PGK

Assistant Finance Manager Average Pay Raise in Papua New Guinea

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 Papua New Guinea is around 9% every 28 months.

The national average pay raise across all professions and industries in Papua New Guinea 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 Papua New Guinea can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Papua New Guinea for 2024

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

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

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

Assistant Finance Manager Bonus and Incentive Rates in Papua New Guinea

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 61% of employees reporting at least one bonus in the last 12 months.

39% 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 8%.

Received Bonus
61%
No Bonus
39%

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 Papua New Guinea earn approximately 21% more than private sector employees in the same role.

Public Sector
53,120 PGK
Private Sector -21%
43,760 PGK

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 Papua New Guinea.

Job Title Category Salary
Account Examiner Accounting and Finance 24,200 PGK
Account Executive Accounting and Finance 44,140 PGK
Accountant Accounting and Finance 35,500 PGK
Accounting Analyst Accounting and Finance 43,340 PGK
Accounting Assistant Accounting and Finance 25,940 PGK
Accounting Associate Accounting and Finance 23,360 PGK
Accounting Clerk Accounting and Finance 21,020 PGK
Accounting Coordinator Accounting and Finance 31,380 PGK
Accounting Head Accounting and Finance 66,960 PGK
Accounting Manager Accounting and Finance 74,620 PGK
Accounting Officer Accounting and Finance 25,680 PGK
Accounting Specialist Accounting and Finance 45,580 PGK
Accounting Supervisor Accounting and Finance 44,540 PGK
Accounting Technician Accounting and Finance 24,280 PGK
Accounting Unit Controller Accounting and Finance 57,320 PGK
Accounts Executive Accounting and Finance 42,400 PGK
Accounts Officer Accounting and Finance 28,180 PGK
Accounts Payable and Receivable Specialist Accounting and Finance 35,520 PGK
Accounts Payable Assistant Accounting and Finance 25,720 PGK
Accounts Payable Associate Accounting and Finance 31,080 PGK
Accounts Payable Clerk Accounting and Finance 25,940 PGK
Accounts Payable Manager Accounting and Finance 64,640 PGK
Accounts Receivable Administrator Accounting and Finance 52,460 PGK
Accounts Receivable Clerk Accounting and Finance 24,200 PGK
Accounts Receivable Financial Analyst Accounting and Finance 43,760 PGK
Accounts Receivable Manager Accounting and Finance 66,580 PGK
Accounts Receivable Team Leader Accounting and Finance 52,460 PGK
Assistant Accountant Accounting and Finance 26,020 PGK
Assistant Accounting Manager Accounting and Finance 64,720 PGK
Assistant Auditor Accounting and Finance 35,500 PGK
Assistant Corporate Controller Accounting and Finance 47,400 PGK
Assistant Financial Controller Accounting and Finance 46,280 PGK
Audit Director Accounting and Finance 75,260 PGK
Audit Supervisor Accounting and Finance 64,720 PGK
Auditing Clerk Accounting and Finance 28,180 PGK
Auditing Manager Accounting and Finance 72,180 PGK
Billing Clerk Accounting and Finance 25,720 PGK
Billing Coordinator Accounting and Finance 31,400 PGK
Billing Specialist Accounting and Finance 35,300 PGK
Billing Supervisor Accounting and Finance 53,600 PGK
Bookkeeper Accounting and Finance 23,520 PGK
Bookkeeping Specialist Accounting and Finance 31,180 PGK
Budget Analyst Accounting and Finance 60,020 PGK
Budget Manager Accounting and Finance 69,260 PGK
Business Support Analyst Accounting and Finance 36,020 PGK
Capital Markets Associate Accounting and Finance 48,940 PGK
Cash Flow Analyst Accounting and Finance 50,240 PGK
Cash Management Manager Accounting and Finance 69,180 PGK
Cash Management Officer Accounting and Finance 37,880 PGK
Cashbook Clerk Accounting and Finance 24,840 PGK
Chartered Accountant Accounting and Finance 44,180 PGK
Chief Accountant Accounting and Finance 49,020 PGK
Collections Clerk Accounting and Finance 21,400 PGK
Collections Representative Accounting and Finance 31,540 PGK
Collections Specialist Accounting and Finance 34,280 PGK
Corporate Controller Accounting and Finance 54,280 PGK
Corporate Treasurer Accounting and Finance 66,440 PGK
Cost Accountant Accounting and Finance 31,520 PGK
Cost Accounting Manager Accounting and Finance 66,100 PGK
Cost Accounting Supervisor Accounting and Finance 55,220 PGK
Cost Analyst Accounting and Finance 53,120 PGK
Credit and Collection Manager Accounting and Finance 68,900 PGK
Credit and Collection Staff Accounting and Finance 25,720 PGK
Credit and Loans Officer Accounting and Finance 25,680 PGK
Credit Controller Accounting and Finance 49,360 PGK
Credit Manager Accounting and Finance 69,180 PGK
Debt Adviser Accounting and Finance 54,460 PGK
Debt Collector Accounting and Finance 26,280 PGK
Debtors Clerk Accounting and Finance 20,760 PGK
Debtors Controller Accounting and Finance 25,680 PGK
Deputy CFO Accounting and Finance 95,600 PGK
Deputy Head of Finance Accounting and Finance 92,400 PGK
Derivative Trader Accounting and Finance 54,280 PGK
Director of Finance Accounting and Finance 96,720 PGK
Economist Accounting and Finance 78,480 PGK
Equity Analyst Accounting and Finance 63,700 PGK
Escrow Assistant Accounting and Finance 30,840 PGK
Executive Accountant Accounting and Finance 37,380 PGK
External Auditor Accounting and Finance 47,180 PGK
Finance Administrator Accounting and Finance 36,020 PGK
Finance Analyst Accounting and Finance 58,000 PGK
Finance Associate Accounting and Finance 29,640 PGK
Finance Director Accounting and Finance 99,280 PGK
Finance Executive Accounting and Finance 69,540 PGK
Finance Licensing Clerk Accounting and Finance 24,800 PGK
Finance Licensing Manager Accounting and Finance 63,320 PGK
Finance Licensing Specialist Accounting and Finance 38,680 PGK
Finance Manager Accounting and Finance 92,240 PGK
Finance Officer Accounting and Finance 31,960 PGK
Finance President Accounting and Finance 102,020 PGK
Finance Relationship Manager Accounting and Finance 74,940 PGK
Finance Release Analyst Accounting and Finance 36,020 PGK
Finance Specialist Accounting and Finance 59,240 PGK
Finance Team Leader Accounting and Finance 79,120 PGK
Financial Accountant Accounting and Finance 35,500 PGK
Financial Actuary Accounting and Finance 50,560 PGK
Financial Administrator Accounting and Finance 56,060 PGK
Financial Advisor Accounting and Finance 60,840 PGK
Financial Analyst Accounting and Finance 64,040 PGK
Financial Applications Specialist Accounting and Finance 42,320 PGK
Financial Assistant Accounting and Finance 26,400 PGK
Financial Associate Accounting and Finance 26,860 PGK
Financial Associate Accounting and Finance 32,620 PGK
Financial Claims Analyst Accounting and Finance 44,140 PGK
Financial Claims Manager Accounting and Finance 62,060 PGK
Financial Claims Supervisor Accounting and Finance 55,020 PGK
Financial Clerk Accounting and Finance 28,820 PGK
Financial Commercial Analyst Accounting and Finance 50,080 PGK
Financial Compliance Analyst Accounting and Finance 58,200 PGK
Financial Consultant Accounting and Finance 44,720 PGK
Financial Controller Accounting and Finance 53,840 PGK
Financial Controller Accounting and Finance 54,180 PGK
Financial Coordinator Accounting and Finance 31,180 PGK
Financial Customer Service Manager Accounting and Finance 57,820 PGK
Financial Dealer and Broker Accounting and Finance 34,120 PGK
Financial Director Accounting and Finance 100,140 PGK
Financial Encoder Accounting and Finance 27,480 PGK
Financial Manager Accounting and Finance 90,540 PGK
Financial Manager Accounting and Finance 96,560 PGK
Financial Operations Manager Accounting and Finance 82,520 PGK
Financial Policy Analyst Accounting and Finance 51,400 PGK
Financial Project Manager Accounting and Finance 67,320 PGK
Financial Quantitative Analyst Accounting and Finance 57,860 PGK
Financial Reporting Consultant Accounting and Finance 46,980 PGK
Financial Reporting Manager Accounting and Finance 64,300 PGK
Financial Section Head Accounting and Finance 66,820 PGK
Financial Services Manager Accounting and Finance 86,520 PGK
Financial Services Sales Agent Accounting and Finance 34,120 PGK
Fixed Assets Administrator Accounting and Finance 33,520 PGK
Forensic Accountant Accounting and Finance 36,020 PGK
Fraud Detection Supervisor Accounting and Finance 43,260 PGK
Fraud Prevention Manager Accounting and Finance 68,400 PGK
Fund Accountant Accounting and Finance 32,620 PGK
Grants Coordinator Accounting and Finance 27,380 PGK
Group Financial Manager Accounting and Finance 96,500 PGK
Internal Auditor Accounting and Finance 48,140 PGK
Internal Control Adviser Accounting and Finance 55,940 PGK
Internal Control Officer Accounting and Finance 29,320 PGK
International Tax Director Accounting and Finance 77,860 PGK
Inventory Accountant Accounting and Finance 33,520 PGK
Investment Advisor Accounting and Finance 93,340 PGK
Investment Analyst Accounting and Finance 66,680 PGK
Investment Associate Accounting and Finance 57,900 PGK
Investment Broker Accounting and Finance 56,100 PGK
Investment Fund Manager Accounting and Finance 74,620 PGK
Investment Operations Manager Accounting and Finance 80,180 PGK
Investment Underwriter Accounting and Finance 28,680 PGK
Investor Accounting and Finance 41,480 PGK
Investor Relations Manager Accounting and Finance 65,940 PGK
KYC Team Leader Accounting and Finance 66,020 PGK
Loan Processor Accounting and Finance 29,540 PGK
Management Accountant Accounting and Finance 38,680 PGK
Management Economist Accounting and Finance 74,940 PGK
Paymaster Accounting and Finance 27,620 PGK
Payroll Administrator Accounting and Finance 46,720 PGK
Payroll Benefits Coordinator Accounting and Finance 38,060 PGK
Payroll Billing Manager Accounting and Finance 60,880 PGK
Payroll Clerk Accounting and Finance 27,020 PGK
Payroll Manager Accounting and Finance 63,400 PGK
Payroll Officer Accounting and Finance 26,400 PGK
Payroll Specialist Accounting and Finance 35,000 PGK
Payroll Supervisor Accounting and Finance 45,200 PGK
Pensions Administrator Accounting and Finance 35,300 PGK
Personal Financial Advisor Accounting and Finance 53,120 PGK
Pricing Analyst Accounting and Finance 60,400 PGK
Private Equity Analyst Accounting and Finance 58,860 PGK
Project Accountant Accounting and Finance 37,200 PGK
Proposal Development Coordinator Accounting and Finance 27,480 PGK
Receivables Accountant Accounting and Finance 31,960 PGK
Regulatory Accountant Accounting and Finance 37,800 PGK
Retirement Plan Analyst Accounting and Finance 54,280 PGK
Revenue Management Specialist Accounting and Finance 55,840 PGK
Revenue Recognition Analyst Accounting and Finance 61,780 PGK
Risk Management Director Accounting and Finance 80,480 PGK
Risk Management Supervisor Accounting and Finance 64,640 PGK
Staff Accountant Accounting and Finance 31,520 PGK
Tax Accountant Accounting and Finance 34,080 PGK
Tax Administrator Accounting and Finance 36,700 PGK
Tax Advisor Accounting and Finance 50,980 PGK
Tax Analyst Accounting and Finance 49,300 PGK
Tax Associate Accounting and Finance 26,280 PGK
Tax Consultant Accounting and Finance 56,060 PGK
Tax Director Accounting and Finance 78,500 PGK
Tax Examiner Accounting and Finance 34,360 PGK
Tax Manager Accounting and Finance 72,180 PGK
Tax Research Manager Accounting and Finance 68,900 PGK
Teller Accounting and Finance 19,020 PGK
Treasury Accountant Accounting and Finance 37,200 PGK
Treasury Analyst Accounting and Finance 57,360 PGK
Underwriter Accounting and Finance 24,820 PGK
Underwriting Assistant Accounting and Finance 21,560 PGK
Vice President of Finance Accounting and Finance 94,940 PGK

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