Average Brokerage Salary in Tanzania for 2024

In this article, we will look at the average Brokerage salary for 2024 in Tanzania 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 Tanzanian shilling. To keep things simple, we are using the TZS currency code instead of the currency symbol Sh.

How Much Does a Brokerage Make in Tanzania?

A Brokerage working in Tanzania will typically earn around 12,239,700 TZS per year, and this can range from the lowest average salary of about 6,613,100 TZS to the highest average salary of 18,479,600 TZS.

Average Annual Salary
12,239,700 TZS
Average Monthly Salary
1,019,975 TZS

Lowest Annual Salary
6,613,100 TZS
Lowest Monthly Salary
551,091 TZS

Highest Annual Salary
18,479,600 TZS
Highest Monthly Salary
1,539,966 TZS

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

Brokerage 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 Brokerage Salaries in Tanzania

So we've looked at the average salaries a Brokerage will earn in Tanzania. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Brokerage can earn between 6,613,100 TZS and 18,479,600 TZS on average in Tanzania. 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 a Brokerage in Tanzania is 11,267,200 TZS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 11,267,200 TZS, and 50% of the population earn more than 11,267,200 TZS.

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 Brokerage salary in Tanzania, 25% of the population are earning less than 8,038,700 TZS while 75% of the population earn more than 8,038,700 TZS.

75% of the population earn less than 13,679,300 TZS, and 25% of the population earn more than 13,679,300 TZS.

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.

Brokerage Salary by Experience Level in Tanzania

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 brokerage 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. A Brokerage in Tanzania that has less than two years of experience can expect to earn somewhere in the region of 7,680,400 TZS.
  • 2 - 5 Years Experience. With two to five years of experience the average Brokerage salary would increase to 9,695,200 TZS.
  • 5 - 10 Years Experience. From five to ten years of experience as a Brokerage, the average salary would be 12,841,200 TZS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 15,001,200 TZS.
  • 15 - 20 Years Experience. A Brokerage with 15 to 20 years of experience can earn an average of 16,679,800 TZS.
  • 20+ Years Experience. For a Brokerage with more than 20 years, the expected average salary increases to 17,758,500 TZS.

Average Salary by Experience Chart

0-2 Years
7,680,400 TZS
2-5 Years +26%
9,695,200 TZS
5-10 Years +32%
12,841,200 TZS
10-15 Years +18%
15,001,200 TZS
15-20 Years +11%
16,679,800 TZS
20+ Years +6%
17,758,500 TZS

Brokerage Salary by Education Level in Tanzania

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 a Brokerage in Tanzania based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Brokerage in Tanzania with a high school education can earn an average salary of 9,695,200 TZS.

  • Certificate or Diploma. A Brokerage in Tanzania with a certificate or diploma education can earn an average salary of 13,319,300 TZS.

  • Bachelor's Degree. A Brokerage in Tanzania with a bachelor's degree education can earn an average salary of 17,039,100 TZS.

Average Salary by Education Chart

High School
9,695,200 TZS
Certificate or Diploma +37%
13,319,300 TZS
Bachelor's Degree +29%
17,039,100 TZS

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 Tanzania is around 6,310,000 to 18,900,000 TZS 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.

Brokerage 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 Tanzania, a male brokerage will earn an average of 12,600,600 TZS, while a female brokerage will earn around 11,724,400 TZS.

This means that a male brokerage earns approximately 7% more than a female brokerage for performing the same job.

Average Salary by Gender Chart in Tanzania

Male
12,600,600 TZS
Female -7%
11,724,400 TZS

Brokerage Average Pay Raise in Tanzania

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 a Brokerage in Tanzania is around 10% every 18 months.

The national average pay raise across all professions and industries in Tanzania is around 8% every 18 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 = ( 10 ÷ 18 ) × 12  = 7%

What this means is that a Brokerage in Tanzania can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Tanzania for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Brokerage Bonus and Incentive Rates in Tanzania

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.

A Brokerage is a low bonus based job, with 24% of employees reporting at least one bonus in the last 12 months.

76% 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 1% to 2%.

Received Bonus
24%
No Bonus
76%

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 Tanzania earn approximately 7% more than private sector employees in the same role.

Public Sector
15,838,200 TZS
Private Sector -7%
14,760,200 TZS

Salaries for Jobs Similar to a Brokerage

In the table below, we have salary information for jobs that are similar to a Brokerage in Tanzania.

Job Title Category Salary
Acquisition Associate Real Estate 12,121,000 TZS
Assistant Leasing Manager Real Estate 17,278,100 TZS
Assistant Property Manager Real Estate 17,879,000 TZS
Brokerage Clerk Real Estate 6,635,400 TZS
Commercial Leasing Manager Real Estate 25,679,100 TZS
Commercial Real Estate Manager Real Estate 27,479,000 TZS
Community Development Manager Real Estate 24,359,000 TZS
Compliance Specialist Real Estate 12,721,300 TZS
Development Coordinator Real Estate 12,958,200 TZS
Director of Real Estate Real Estate 29,041,200 TZS
Lease Administrator Real Estate 15,599,800 TZS
Leasing Agent Real Estate 13,079,500 TZS
Leasing Consultant Real Estate 16,320,700 TZS
Leasing Manager Real Estate 17,399,400 TZS
Lettings Assistant Real Estate 6,670,600 TZS
Portfolio Analyst Real Estate 21,241,100 TZS
Portfolio Manager Real Estate 29,399,100 TZS
Property Acquisition Agent Real Estate 11,389,900 TZS
Property and Claims Specialist Real Estate 15,838,200 TZS
Property Manager Real Estate 18,598,500 TZS
Property Operations Manager Real Estate 27,001,700 TZS
Property Tax Assistant Real Estate 13,079,500 TZS
Real Estate Administrator Real Estate 13,798,900 TZS
Real Estate Agent Real Estate 13,199,100 TZS
Real Estate Analyst Real Estate 16,799,900 TZS
Real Estate Appraiser Real Estate 14,400,800 TZS
Real Estate Appraiser Real Estate 14,519,400 TZS
Real Estate Assistant Real Estate 12,481,200 TZS
Real Estate Association Manager Real Estate 17,039,100 TZS
Real Estate Broker Real Estate 12,600,600 TZS
Real Estate General Manager Real Estate 25,919,400 TZS
Real Estate Project Director Real Estate 25,079,200 TZS
Real Estate Project Manager Real Estate 23,759,100 TZS
Real Estate Sales Agent Real Estate 13,199,100 TZS
Real Estate Valuer Real Estate 14,760,200 TZS
Research Analyst Real Estate 11,818,500 TZS
Residential Advisor Real Estate 15,480,300 TZS
Residential Property Manager Real Estate 18,840,100 TZS
Shopping Center Manager Real Estate 28,439,500 TZS
Town Planner Real Estate 27,841,200 TZS

Salary Comparison by City

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

City Average Salary
Dar es Salaam 13,561,900 TZS
Dodoma 11,221,100 TZS
Mwanza 12,841,200 TZS

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