Average ATM Manager Salary in Namibia for 2024

In this article, we will look at the average ATM Manager salary for 2024 in Namibia 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 Namibian dollar. To keep things simple, we are using the NAD currency code instead of the currency symbol $.

How Much Does an ATM Manager Make in Namibia?

An ATM Manager working in Namibia will typically earn around 308,900 NAD per year, and this can range from the lowest average salary of about 161,600 NAD to the highest average salary of 467,100 NAD.

Average Annual Salary
308,900 NAD
Average Monthly Salary
25,741 NAD

Lowest Annual Salary
161,600 NAD
Lowest Monthly Salary
13,466 NAD

Highest Annual Salary
467,100 NAD
Highest Monthly Salary
38,925 NAD

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

ATM 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 ATM Manager Salaries in Namibia

So we've looked at the average salaries an ATM Manager will earn in Namibia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an ATM Manager can earn between 161,600 NAD and 467,100 NAD on average in Namibia. 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 ATM Manager in Namibia is 290,800 NAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 290,800 NAD, and 50% of the population earn more than 290,800 NAD.

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 ATM Manager salary in Namibia, 25% of the population are earning less than 205,700 NAD while 75% of the population earn more than 205,700 NAD.

75% of the population earn less than 357,300 NAD, and 25% of the population earn more than 357,300 NAD.

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.

ATM Manager Salary by Experience Level in Namibia

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 atm 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 ATM Manager in Namibia that has less than two years of experience can expect to earn somewhere in the region of 187,300 NAD.
  • 2 - 5 Years Experience. With two to five years of experience the average ATM Manager salary would increase to 231,000 NAD.
  • 5 - 10 Years Experience. From five to ten years of experience as an ATM Manager, the average salary would be 325,900 NAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 381,800 NAD.
  • 15 - 20 Years Experience. An ATM Manager with 15 to 20 years of experience can earn an average of 417,100 NAD.
  • 20+ Years Experience. For an ATM Manager with more than 20 years, the expected average salary increases to 445,100 NAD.

Average Salary by Experience Chart

0-2 Years
187,300 NAD
2-5 Years +23%
231,000 NAD
5-10 Years +42%
325,900 NAD
10-15 Years +17%
381,800 NAD
15-20 Years +10%
417,100 NAD
20+ Years +6%
445,100 NAD

ATM Manager Salary by Education Level in Namibia

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 ATM Manager in Namibia 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 ATM Manager in Namibia with a certificate or diploma education can earn an average salary of 231,000 NAD.

  • Bachelor's Degree. An ATM Manager in Namibia with a bachelor's degree education can earn an average salary of 299,500 NAD.

  • Master's Degree. An ATM Manager in Namibia with a master's degree education can earn an average salary of 424,900 NAD.

Average Salary by Education Chart

Certificate or Diploma
231,000 NAD
Bachelor's Degree +29%
299,500 NAD
Master's Degree +43%
424,900 NAD

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 Namibia is around 87,200 to 262,000 NAD 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.

ATM 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 Namibia, a male atm manager will earn an average of 318,800 NAD, while a female atm manager will earn around 294,700 NAD.

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

Average Salary by Gender Chart in Namibia

Male
318,800 NAD
Female -8%
294,700 NAD

ATM Manager Average Pay Raise in Namibia

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 ATM Manager in Namibia is around 8% every 29 months.

The national average pay raise across all professions and industries in Namibia 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that an ATM Manager in Namibia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Namibia for 2024

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

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%

ATM Manager Bonus and Incentive Rates in Namibia

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 ATM Manager is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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
35%
No Bonus
65%

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 Namibia earn approximately 8% more than private sector employees in the same role.

Public Sector
215,100 NAD
Private Sector -8%
200,000 NAD

Salaries for Jobs Similar to an ATM Manager

In the table below, we have salary information for jobs that are similar to an ATM Manager in Namibia.

Job Title Category Salary
AML Analyst Banking 325,800 NAD
Assistant Bank Branch Manager Banking 263,200 NAD
Assistant Bank Manager Banking 345,700 NAD
ATM Service Technician Banking 80,020 NAD
Bank Accounts Analyst Banking 124,400 NAD
Bank Accounts Collector Banking 72,260 NAD
Bank Accounts Controller Banking 158,700 NAD
Bank Accounts Executive Banking 222,300 NAD
Bank Accounts Manager Banking 271,300 NAD
Bank Auditing Manager Banking 273,300 NAD
Bank Branch Manager Banking 376,800 NAD
Bank Branch Operations Coordinator Banking 159,100 NAD
Bank Clerk Banking 75,500 NAD
Bank Client Service Associate Banking 103,840 NAD
Bank Collector Banking 77,060 NAD
Bank Compliance Specialist Banking 196,800 NAD
Bank Manager Banking 451,000 NAD
Bank Operational Risk Manager Banking 451,000 NAD
Bank Operations Head Banking 460,500 NAD
Bank Operations Officer Banking 169,000 NAD
Bank Operations Specialist Banking 267,100 NAD
Bank Process Manager Banking 257,700 NAD
Bank Product Manager Banking 277,400 NAD
Bank Programme Manager Banking 282,500 NAD
Bank Project Manager Banking 341,900 NAD
Bank Propositions Manager Banking 317,700 NAD
Bank Quantitative Analyst Banking 225,300 NAD
Bank Regional Manager Banking 466,900 NAD
Bank Regional Risk Officer Banking 239,300 NAD
Bank Relationship Manager Banking 325,600 NAD
Bank Relationship Officer Banking 148,300 NAD
Bank Teller Banking 80,520 NAD
Banker Banking 159,500 NAD
Banking Business Analyst Banking 232,900 NAD
Banking Business Development Officer Banking 143,200 NAD
Banking Business Planning Executive Banking 340,400 NAD
Banking Product Manager Banking 294,700 NAD
Banking Reference Data Manager Banking 249,600 NAD
Banking Risk Analyst Banking 237,400 NAD
Banking Technical Analyst Banking 123,400 NAD
Bankruptcy Coordinator Banking 168,100 NAD
Bill and Account Collector Banking 81,180 NAD
Budget Analyst Banking 228,500 NAD
Capital Risk Manager Banking 420,800 NAD
Cards Marketing Manager Banking 294,700 NAD
Cash Management Manager Banking 421,400 NAD
Check Processing Manager Banking 294,700 NAD
Commercial Vault Associate Banking 217,900 NAD
Corporate Banker Banking 172,400 NAD
Corporate Dealer Banking 233,600 NAD
Credit Analyst Banking 187,500 NAD
Credit and Collections Manager Banking 307,400 NAD
Credit Card Fraud Investigator Banking 246,200 NAD
Credit Portfolio Manager Banking 420,100 NAD
Credit Risk Analyst Banking 258,400 NAD
Credit Risk Associate Banking 240,500 NAD
Direct Bank Sales Representative Banking 159,500 NAD
Exchange Control Consultant Banking 247,800 NAD
Executive Account Analyst Banking 216,800 NAD
Financial Bank Planning Consultant Banking 307,400 NAD
Financial Banking Analysis Manager Banking 332,100 NAD
Financial Banking Assistant Banking 114,380 NAD
Financial Banking Systems Manager Banking 308,900 NAD
Foreign Exchange Manager Banking 344,600 NAD
Fraud Analyst Banking 253,400 NAD
Fraud Detection Associate Banking 161,600 NAD
Fraud Detection Manager Banking 349,300 NAD
Fraud Detection Supervisor Banking 207,800 NAD
Internal Bank Audit Manager Banking 431,100 NAD
Internal Bank Auditor Banking 216,800 NAD
Internal Private Banker Banking 159,400 NAD
International Banking Manager Banking 480,300 NAD
Investment Banking Analyst Banking 327,800 NAD
Loan Analyst Banking 225,700 NAD
Loan Area Manager Banking 290,800 NAD
Loan Audit Team Leader Banking 272,800 NAD
Loan Branch Manager Banking 254,800 NAD
Loan Business Development Officer Banking 142,300 NAD
Loan Clerk Banking 80,480 NAD
Loan Collection and Recovery Manager Banking 272,800 NAD
Loan Collection Manager Banking 283,700 NAD
Loan Collector Banking 76,440 NAD
Loan Examiner Banking 97,300 NAD
Loan Officer Banking 91,560 NAD
Loan Processing Manager Banking 254,700 NAD
Loan Processor Banking 102,380 NAD
Loan Quality Assurance Auditor Banking 238,900 NAD
Loan Quality Assurance Manager Banking 252,300 NAD
Loan Quality Assurance Representative Banking 176,800 NAD
Loan Review Manager Banking 252,300 NAD
Loan Team Leader Banking 239,000 NAD
Loans Manager Banking 311,700 NAD
Mortgage Advisor Banking 157,600 NAD
Mortgage Collection Manager Banking 275,800 NAD
Mortgage Collector Banking 71,280 NAD
Mortgage Credit Analyst Banking 124,400 NAD
Mortgage Credit Manager Banking 251,500 NAD
Mortgage Development Manager Banking 301,800 NAD
Mortgage Document Reviewer Banking 97,760 NAD
Mortgage Funding Manager Banking 301,600 NAD
Mortgage Operations Manager Banking 384,200 NAD
Mortgage Payment Processing Clerk Banking 89,280 NAD
Mortgage Processing Manager Banking 254,700 NAD
Mortgage Processor Banking 105,880 NAD
Mortgage Quality Assurance Auditor Banking 217,900 NAD
Mortgage Quality Assurance Manager Banking 263,200 NAD
Mortgage Servicing Clerk Banking 78,420 NAD
Mortgage Servicing Manager Banking 258,400 NAD
Mortgage Underwriter Banking 92,500 NAD
Online Banking Manager Banking 389,200 NAD
Payment Processing Clerk Banking 83,200 NAD
Personal Banker Banking 167,100 NAD
Personal Banking Advisor Banking 168,100 NAD
Phone Banker Banking 114,380 NAD
Private Banker Banking 161,300 NAD
Reconciliation and Investigation Specialist Banking 180,500 NAD
Tax Officer Banking 138,800 NAD
Teller Banking 79,000 NAD
Trade Officer Banking 96,220 NAD
Trade Product Manager Banking 257,700 NAD
Trader Banking 115,560 NAD
Treasury Operations Officer Banking 204,700 NAD

Salary Comparison by City

If you want to compare salaries with different cities in Namibia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Windhoek 319,600 NAD

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