Average Auditing Manager Salary in Eritrea for 2024

In this article, we will look at the average Auditing Manager salary for 2024 in Eritrea 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 Eritrean nakfa. To keep things simple, we are using the ERN currency code instead of the currency symbol Nfk.

How Much Does an Auditing Manager Make in Eritrea?

An Auditing Manager working in Eritrea will typically earn around 115,260 ERN per year, and this can range from the lowest average salary of about 57,080 ERN to the highest average salary of 181,600 ERN.

Average Annual Salary
115,260 ERN
Average Monthly Salary
9,605 ERN

Lowest Annual Salary
57,080 ERN
Lowest Monthly Salary
4,756 ERN

Highest Annual Salary
181,600 ERN
Highest Monthly Salary
15,133 ERN

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

Auditing 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 Auditing Manager Salaries in Eritrea

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

Salary ranges

We already know that an Auditing Manager can earn between 57,080 ERN and 181,600 ERN on average in Eritrea. 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 Auditing Manager in Eritrea is 118,060 ERN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 118,060 ERN, and 50% of the population earn more than 118,060 ERN.

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 Auditing Manager salary in Eritrea, 25% of the population are earning less than 79,260 ERN while 75% of the population earn more than 79,260 ERN.

75% of the population earn less than 152,000 ERN, and 25% of the population earn more than 152,000 ERN.

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.

Auditing Manager Salary by Experience Level in Eritrea

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 auditing 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 Auditing Manager in Eritrea that has less than two years of experience can expect to earn somewhere in the region of 67,360 ERN.
  • 2 - 5 Years Experience. With two to five years of experience the average Auditing Manager salary would increase to 85,760 ERN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Auditing Manager, the average salary would be 119,860 ERN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 150,000 ERN.
  • 15 - 20 Years Experience. An Auditing Manager with 15 to 20 years of experience can earn an average of 159,100 ERN.
  • 20+ Years Experience. For an Auditing Manager with more than 20 years, the expected average salary increases to 169,000 ERN.

Average Salary by Experience Chart

0-2 Years
67,360 ERN
2-5 Years +29%
85,760 ERN
5-10 Years +38%
119,860 ERN
10-15 Years +24%
150,000 ERN
15-20 Years +7%
159,100 ERN
20+ Years +7%
169,000 ERN

Auditing Manager Salary by Education Level in Eritrea

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 Auditing Manager in Eritrea 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 Auditing Manager in Eritrea with a certificate or diploma education can earn an average salary of 85,760 ERN.

  • Bachelor's Degree. An Auditing Manager in Eritrea with a bachelor's degree education can earn an average salary of 115,740 ERN.

  • Master's Degree. An Auditing Manager in Eritrea with a master's degree education can earn an average salary of 180,300 ERN.

Average Salary by Education Chart

Certificate or Diploma
85,760 ERN
Bachelor's Degree +34%
115,740 ERN
Master's Degree +53%
180,300 ERN

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 Eritrea is around 34,200 to 103,000 ERN 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.

Auditing 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 Eritrea, a male auditing manager will earn an average of 119,900 ERN, while a female auditing manager will earn around 108,800 ERN.

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

Average Salary by Gender Chart in Eritrea

Male
119,900 ERN
Female -10%
108,800 ERN

Auditing Manager Average Pay Raise in Eritrea

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 Auditing Manager in Eritrea is around 8% every 29 months.

The national average pay raise across all professions and industries in Eritrea 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 Auditing Manager in Eritrea can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Eritrea for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Auditing Manager Bonus and Incentive Rates in Eritrea

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 Auditing Manager is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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 5% to 9%.

Received Bonus
64%
No Bonus
36%

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 Eritrea earn approximately 24% more than private sector employees in the same role.

Public Sector
90,540 ERN
Private Sector -24%
72,740 ERN

Salaries for Jobs Similar to an Auditing Manager

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

Job Title Category Salary
Account Examiner Accounting and Finance 41,560 ERN
Account Executive Accounting and Finance 75,260 ERN
Accountant Accounting and Finance 55,840 ERN
Accounting Analyst Accounting and Finance 69,720 ERN
Accounting Assistant Accounting and Finance 44,180 ERN
Accounting Associate Accounting and Finance 42,040 ERN
Accounting Clerk Accounting and Finance 35,300 ERN
Accounting Coordinator Accounting and Finance 50,240 ERN
Accounting Head Accounting and Finance 116,740 ERN
Accounting Manager Accounting and Finance 123,400 ERN
Accounting Officer Accounting and Finance 42,400 ERN
Accounting Specialist Accounting and Finance 71,400 ERN
Accounting Supervisor Accounting and Finance 80,340 ERN
Accounting Technician Accounting and Finance 42,320 ERN
Accounting Unit Controller Accounting and Finance 93,780 ERN
Accounts Executive Accounting and Finance 73,120 ERN
Accounts Officer Accounting and Finance 46,840 ERN
Accounts Payable and Receivable Specialist Accounting and Finance 61,180 ERN
Accounts Payable Assistant Accounting and Finance 44,540 ERN
Accounts Payable Associate Accounting and Finance 48,940 ERN
Accounts Payable Clerk Accounting and Finance 41,180 ERN
Accounts Payable Manager Accounting and Finance 107,680 ERN
Accounts Receivable Administrator Accounting and Finance 87,000 ERN
Accounts Receivable Clerk Accounting and Finance 43,220 ERN
Accounts Receivable Financial Analyst Accounting and Finance 77,060 ERN
Accounts Receivable Manager Accounting and Finance 108,320 ERN
Accounts Receivable Team Leader Accounting and Finance 78,260 ERN
Assistant Accountant Accounting and Finance 44,800 ERN
Assistant Accounting Manager Accounting and Finance 102,460 ERN
Assistant Auditor Accounting and Finance 58,240 ERN
Assistant Corporate Controller Accounting and Finance 77,100 ERN
Assistant Finance Manager Accounting and Finance 115,620 ERN
Assistant Financial Controller Accounting and Finance 75,040 ERN
Audit Director Accounting and Finance 128,500 ERN
Audit Supervisor Accounting and Finance 106,740 ERN
Auditing Clerk Accounting and Finance 46,840 ERN
Billing Clerk Accounting and Finance 46,400 ERN
Billing Coordinator Accounting and Finance 50,180 ERN
Billing Specialist Accounting and Finance 60,600 ERN
Billing Supervisor Accounting and Finance 84,740 ERN
Bookkeeper Accounting and Finance 34,120 ERN
Bookkeeping Specialist Accounting and Finance 54,280 ERN
Budget Analyst Accounting and Finance 99,280 ERN
Budget Manager Accounting and Finance 117,100 ERN
Business Support Analyst Accounting and Finance 66,480 ERN
Capital Markets Associate Accounting and Finance 86,760 ERN
Cash Flow Analyst Accounting and Finance 81,880 ERN
Cash Management Manager Accounting and Finance 113,840 ERN
Cash Management Officer Accounting and Finance 66,000 ERN
Cashbook Clerk Accounting and Finance 38,260 ERN
Chartered Accountant Accounting and Finance 68,400 ERN
Chief Accountant Accounting and Finance 83,140 ERN
Collections Clerk Accounting and Finance 34,280 ERN
Collections Representative Accounting and Finance 49,700 ERN
Collections Specialist Accounting and Finance 56,640 ERN
Corporate Controller Accounting and Finance 91,320 ERN
Corporate Treasurer Accounting and Finance 107,380 ERN
Cost Accountant Accounting and Finance 60,480 ERN
Cost Accounting Manager Accounting and Finance 106,960 ERN
Cost Accounting Supervisor Accounting and Finance 96,340 ERN
Cost Analyst Accounting and Finance 93,100 ERN
Credit and Collection Manager Accounting and Finance 112,420 ERN
Credit and Collection Staff Accounting and Finance 43,520 ERN
Credit and Loans Officer Accounting and Finance 41,660 ERN
Credit Controller Accounting and Finance 73,820 ERN
Credit Manager Accounting and Finance 114,940 ERN
Debt Adviser Accounting and Finance 87,760 ERN
Debt Collector Accounting and Finance 48,340 ERN
Debtors Clerk Accounting and Finance 40,420 ERN
Debtors Controller Accounting and Finance 42,400 ERN
Deputy CFO Accounting and Finance 159,100 ERN
Deputy Head of Finance Accounting and Finance 150,000 ERN
Derivative Trader Accounting and Finance 98,120 ERN
Director of Finance Accounting and Finance 168,100 ERN
Economist Accounting and Finance 128,900 ERN
Equity Analyst Accounting and Finance 101,860 ERN
Escrow Assistant Accounting and Finance 51,340 ERN
Executive Accountant Accounting and Finance 67,560 ERN
External Auditor Accounting and Finance 77,400 ERN
Finance Administrator Accounting and Finance 64,620 ERN
Finance Analyst Accounting and Finance 104,080 ERN
Finance Associate Accounting and Finance 46,040 ERN
Finance Director Accounting and Finance 172,400 ERN
Finance Executive Accounting and Finance 113,700 ERN
Finance Licensing Clerk Accounting and Finance 40,560 ERN
Finance Licensing Manager Accounting and Finance 112,460 ERN
Finance Licensing Specialist Accounting and Finance 60,880 ERN
Finance Manager Accounting and Finance 159,100 ERN
Finance Officer Accounting and Finance 54,280 ERN
Finance President Accounting and Finance 172,200 ERN
Finance Relationship Manager Accounting and Finance 125,700 ERN
Finance Release Analyst Accounting and Finance 62,420 ERN
Finance Specialist Accounting and Finance 89,340 ERN
Finance Team Leader Accounting and Finance 124,400 ERN
Financial Accountant Accounting and Finance 57,360 ERN
Financial Actuary Accounting and Finance 87,940 ERN
Financial Administrator Accounting and Finance 94,900 ERN
Financial Advisor Accounting and Finance 105,440 ERN
Financial Analyst Accounting and Finance 103,260 ERN
Financial Applications Specialist Accounting and Finance 69,240 ERN
Financial Assistant Accounting and Finance 47,760 ERN
Financial Associate Accounting and Finance 43,800 ERN
Financial Associate Accounting and Finance 55,140 ERN
Financial Claims Analyst Accounting and Finance 77,120 ERN
Financial Claims Manager Accounting and Finance 99,460 ERN
Financial Claims Supervisor Accounting and Finance 91,560 ERN
Financial Clerk Accounting and Finance 44,800 ERN
Financial Commercial Analyst Accounting and Finance 83,420 ERN
Financial Compliance Analyst Accounting and Finance 92,500 ERN
Financial Consultant Accounting and Finance 72,380 ERN
Financial Controller Accounting and Finance 87,040 ERN
Financial Controller Accounting and Finance 88,600 ERN
Financial Coordinator Accounting and Finance 49,560 ERN
Financial Customer Service Manager Accounting and Finance 107,680 ERN
Financial Dealer and Broker Accounting and Finance 58,240 ERN
Financial Director Accounting and Finance 172,200 ERN
Financial Encoder Accounting and Finance 45,580 ERN
Financial Manager Accounting and Finance 151,800 ERN
Financial Manager Accounting and Finance 161,300 ERN
Financial Operations Manager Accounting and Finance 146,200 ERN
Financial Policy Analyst Accounting and Finance 91,380 ERN
Financial Project Manager Accounting and Finance 112,420 ERN
Financial Quantitative Analyst Accounting and Finance 93,340 ERN
Financial Reporting Consultant Accounting and Finance 80,580 ERN
Financial Reporting Manager Accounting and Finance 110,500 ERN
Financial Section Head Accounting and Finance 113,780 ERN
Financial Services Manager Accounting and Finance 142,300 ERN
Financial Services Sales Agent Accounting and Finance 63,700 ERN
Fixed Assets Administrator Accounting and Finance 57,860 ERN
Forensic Accountant Accounting and Finance 63,040 ERN
Fraud Detection Supervisor Accounting and Finance 70,940 ERN
Fraud Prevention Manager Accounting and Finance 110,380 ERN
Fund Accountant Accounting and Finance 57,360 ERN
Grants Coordinator Accounting and Finance 40,640 ERN
Group Financial Manager Accounting and Finance 157,600 ERN
Internal Auditor Accounting and Finance 76,280 ERN
Internal Control Adviser Accounting and Finance 89,120 ERN
Internal Control Officer Accounting and Finance 45,580 ERN
International Tax Director Accounting and Finance 138,800 ERN
Inventory Accountant Accounting and Finance 58,800 ERN
Investment Advisor Accounting and Finance 151,800 ERN
Investment Analyst Accounting and Finance 107,320 ERN
Investment Associate Accounting and Finance 97,300 ERN
Investment Broker Accounting and Finance 95,980 ERN
Investment Fund Manager Accounting and Finance 125,700 ERN
Investment Operations Manager Accounting and Finance 127,700 ERN
Investment Underwriter Accounting and Finance 46,980 ERN
Investor Accounting and Finance 77,400 ERN
Investor Relations Manager Accounting and Finance 114,900 ERN
KYC Team Leader Accounting and Finance 109,000 ERN
Loan Processor Accounting and Finance 45,580 ERN
Management Accountant Accounting and Finance 60,340 ERN
Management Economist Accounting and Finance 130,400 ERN
Paymaster Accounting and Finance 47,120 ERN
Payroll Administrator Accounting and Finance 71,660 ERN
Payroll Benefits Coordinator Accounting and Finance 61,680 ERN
Payroll Billing Manager Accounting and Finance 102,020 ERN
Payroll Clerk Accounting and Finance 52,460 ERN
Payroll Manager Accounting and Finance 101,980 ERN
Payroll Officer Accounting and Finance 48,200 ERN
Payroll Specialist Accounting and Finance 61,180 ERN
Payroll Supervisor Accounting and Finance 67,800 ERN
Pensions Administrator Accounting and Finance 61,400 ERN
Personal Financial Advisor Accounting and Finance 88,620 ERN
Pricing Analyst Accounting and Finance 93,780 ERN
Private Equity Analyst Accounting and Finance 99,080 ERN
Project Accountant Accounting and Finance 57,440 ERN
Proposal Development Coordinator Accounting and Finance 49,200 ERN
Receivables Accountant Accounting and Finance 51,080 ERN
Regulatory Accountant Accounting and Finance 63,320 ERN
Retirement Plan Analyst Accounting and Finance 91,320 ERN
Revenue Management Specialist Accounting and Finance 90,900 ERN
Revenue Recognition Analyst Accounting and Finance 105,300 ERN
Risk Management Director Accounting and Finance 138,800 ERN
Risk Management Supervisor Accounting and Finance 112,420 ERN
Staff Accountant Accounting and Finance 55,840 ERN
Tax Accountant Accounting and Finance 51,800 ERN
Tax Administrator Accounting and Finance 58,800 ERN
Tax Advisor Accounting and Finance 83,400 ERN
Tax Analyst Accounting and Finance 87,760 ERN
Tax Associate Accounting and Finance 47,540 ERN
Tax Consultant Accounting and Finance 88,480 ERN
Tax Director Accounting and Finance 127,700 ERN
Tax Examiner Accounting and Finance 58,520 ERN
Tax Manager Accounting and Finance 112,280 ERN
Tax Research Manager Accounting and Finance 119,080 ERN
Teller Accounting and Finance 32,420 ERN
Treasury Accountant Accounting and Finance 57,440 ERN
Treasury Analyst Accounting and Finance 93,660 ERN
Underwriter Accounting and Finance 39,640 ERN
Underwriting Assistant Accounting and Finance 38,060 ERN
Vice President of Finance Accounting and Finance 152,300 ERN

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