Average CEO Salary in Equatorial Guinea for 2024

In this article, we will look at the average CEO salary for 2024 in Equatorial 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 Central African CFA franc. To keep things simple, we are using the XAF currency code instead of the currency symbol Fr.

How Much Does a CEO Make in Equatorial Guinea?

A CEO working in Equatorial Guinea will typically earn around 12,841,200 XAF per year, and this can range from the lowest average salary of about 6,682,700 XAF to the highest average salary of 19,678,200 XAF.

Average Annual Salary
12,841,200 XAF
Average Monthly Salary
1,070,100 XAF

Lowest Annual Salary
6,682,700 XAF
Lowest Monthly Salary
556,891 XAF

Highest Annual Salary
19,678,200 XAF
Highest Monthly Salary
1,639,850 XAF

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

CEO 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 CEO Salaries in Equatorial Guinea

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

Salary ranges

We already know that a CEO can earn between 6,682,700 XAF and 19,678,200 XAF on average in Equatorial 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 a CEO in Equatorial Guinea is 12,361,500 XAF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 12,361,500 XAF, and 50% of the population earn more than 12,361,500 XAF.

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 CEO salary in Equatorial Guinea, 25% of the population are earning less than 8,554,100 XAF while 75% of the population earn more than 8,554,100 XAF.

75% of the population earn less than 15,360,400 XAF, and 25% of the population earn more than 15,360,400 XAF.

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.

CEO Salary by Experience Level in Equatorial 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 ceo 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 CEO in Equatorial Guinea that has less than two years of experience can expect to earn somewhere in the region of 7,596,200 XAF.
  • 2 - 5 Years Experience. With two to five years of experience the average CEO salary would increase to 10,187,500 XAF.
  • 5 - 10 Years Experience. From five to ten years of experience as a CEO, the average salary would be 13,199,100 XAF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 16,079,800 XAF.
  • 15 - 20 Years Experience. A CEO with 15 to 20 years of experience can earn an average of 17,519,700 XAF.
  • 20+ Years Experience. For a CEO with more than 20 years, the expected average salary increases to 18,479,600 XAF.

Average Salary by Experience Chart

0-2 Years
7,596,200 XAF
2-5 Years +34%
10,187,500 XAF
5-10 Years +30%
13,199,100 XAF
10-15 Years +21%
16,079,800 XAF
15-20 Years +9%
17,519,700 XAF
20+ Years +5%
18,479,600 XAF

CEO Salary by Education Level in Equatorial 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 a CEO in Equatorial Guinea 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 CEO in Equatorial Guinea with a high school education can earn an average salary of 7,199,500 XAF.

  • Certificate or Diploma. A CEO in Equatorial Guinea with a certificate or diploma education can earn an average salary of 8,496,400 XAF.

  • Bachelor's Degree. A CEO in Equatorial Guinea with a bachelor's degree education can earn an average salary of 11,485,600 XAF.

  • Master's Degree. A CEO in Equatorial Guinea with a master's degree education can earn an average salary of 16,561,800 XAF.

  • PhD. A CEO in Equatorial Guinea with a phd education can earn an average salary of 19,558,300 XAF.

Average Salary by Education Chart

High School
7,199,500 XAF
Certificate or Diploma +18%
8,496,400 XAF
Bachelor's Degree +35%
11,485,600 XAF
Master's Degree +44%
16,561,800 XAF
PhD +18%
19,558,300 XAF

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 Equatorial Guinea is around 2,390,000 to 7,170,000 XAF 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.

CEO 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 Equatorial Guinea, a male ceo will earn an average of 13,679,300 XAF, while a female ceo will earn around 12,239,700 XAF.

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

Average Salary by Gender Chart in Equatorial Guinea

Male
13,679,300 XAF
Female -12%
12,239,700 XAF

CEO Average Pay Raise in Equatorial 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 a CEO in Equatorial Guinea is around 11% every 28 months.

The national average pay raise across all professions and industries in Equatorial 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 = ( 11 ÷ 28 ) × 12  = 5%

What this means is that a CEO in Equatorial Guinea can expect to receive an average pay raise of around 5% every 12 months.

Annual Pay Raise by Industry in Equatorial Guinea for 2024

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

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

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

CEO Bonus and Incentive Rates in Equatorial 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.

A CEO is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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
63%
No Bonus
37%

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 Equatorial Guinea earn approximately 14% more than private sector employees in the same role.

Public Sector
6,193,900 XAF
Private Sector -14%
5,447,200 XAF

Salaries for Jobs Similar to a CEO

In the table below, we have salary information for jobs that are similar to a CEO in Equatorial Guinea.

Job Title Category Salary
Account Coordinator Executive and Management 5,376,200 XAF
Account Director Executive and Management 6,274,900 XAF
Account Executive Executive and Management 6,263,400 XAF
Account Manager Executive and Management 6,048,900 XAF
Administration Manager Executive and Management 6,096,900 XAF
Administration Officer Executive and Management 3,481,100 XAF
Administration Supervisor Executive and Management 5,256,700 XAF
Administrative Clerk Executive and Management 2,495,600 XAF
Administrative Officer Executive and Management 2,435,600 XAF
Area Director Executive and Management 5,963,300 XAF
Area Manager Executive and Management 6,118,800 XAF
Asset Protection Associate Executive and Management 6,587,900 XAF
Assistant Director Executive and Management 6,311,900 XAF
Assistant General Manager Executive and Management 6,862,900 XAF
Assistant Manager Executive and Management 6,850,500 XAF
Assistant Managing Director Executive and Management 7,381,700 XAF
Assistant Operations Manager Executive and Management 7,693,200 XAF
Assistant Project Manager Executive and Management 6,721,800 XAF
Assistant Section Head Executive and Management 5,209,200 XAF
Assistant to CEO Executive and Management 6,168,300 XAF
Assistant Vice President Executive and Management 7,309,600 XAF
Associate Account Director Executive and Management 6,311,900 XAF
Associate Director Executive and Management 6,505,500 XAF
Bid Manager Executive and Management 7,236,200 XAF
Branch Manager Executive and Management 7,057,300 XAF
Business Development Manager Executive and Management 8,386,300 XAF
Business Operations Associate Executive and Management 6,442,400 XAF
Business Operations Lead Executive and Management 7,105,200 XAF
Campaign Manager Executive and Management 7,045,600 XAF
Catering Coordinator Executive and Management 3,996,300 XAF
Catering Manager Executive and Management 6,289,900 XAF
Chairman of The Board Executive and Management 12,841,200 XAF
Chairman Office Manager Executive and Management 8,159,800 XAF
Chief Commercial Officer Executive and Management 8,879,100 XAF
Chief Corporate Officer Executive and Management 10,237,100 XAF
Chief Executive Officer Executive and Management 13,199,100 XAF
Chief Financial Officer Executive and Management 12,121,000 XAF
Chief Investment Officer Executive and Management 9,179,000 XAF
Chief of Staff Executive and Management 5,902,400 XAF
Chief Operating Officer Executive and Management 9,538,800 XAF
Chief Risk Officer Executive and Management 8,425,800 XAF
Client Account Manager Executive and Management 7,309,600 XAF
Client Accounts Officer Executive and Management 6,577,500 XAF
Client Services Manager Executive and Management 8,508,800 XAF
Commercial Director Executive and Management 8,401,800 XAF
Commercial Manager Executive and Management 7,381,700 XAF
Commercial Project Manager Executive and Management 6,768,400 XAF
Commodity Broker Executive and Management 5,003,800 XAF
COO Executive and Management 9,311,400 XAF
Corporate Affairs Executive Executive and Management 7,369,700 XAF
Corporate Compliance Director Executive and Management 7,993,600 XAF
Corporate Director Executive and Management 8,975,900 XAF
Corporate Officer Executive and Management 6,132,900 XAF
Corporate Partnerships Officer Executive and Management 5,784,200 XAF
Country Manager Executive and Management 10,270,100 XAF
Department Head Executive and Management 7,750,400 XAF
Department Manager Executive and Management 7,488,800 XAF
Department Supervisor Executive and Management 6,901,600 XAF
Deputy Director Executive and Management 8,962,200 XAF
Deputy Manager Executive and Management 8,962,200 XAF
Director Executive and Management 9,804,400 XAF
Director of Accreditation Executive and Management 8,111,500 XAF
Director of Catering Services Executive and Management 7,789,700 XAF
Director of Client Services Executive and Management 8,062,900 XAF
Director of Facilities Management Executive and Management 6,901,600 XAF
Director of Operations Executive and Management 8,111,500 XAF
Director of Process Simplification Executive and Management 6,682,700 XAF
Director of Product Management Executive and Management 8,713,800 XAF
Director of Project Management Executive and Management 9,154,500 XAF
Director of Revenue Management Executive and Management 7,812,200 XAF
Director of Training and Development Executive and Management 8,352,700 XAF
Distribution Manager Executive and Management 8,638,900 XAF
Division Manager Executive and Management 7,164,900 XAF
Duty Manager Executive and Management 7,199,500 XAF
Engagement Manager Executive and Management 8,434,700 XAF
Executive Director Executive and Management 11,998,600 XAF
Executive Manager Executive and Management 10,546,700 XAF
Franchise Manager Executive and Management 10,258,100 XAF
General Manager Executive and Management 10,152,200 XAF
Global Master Data Manager Executive and Management 9,082,500 XAF
Global Technical Lead Executive and Management 6,024,400 XAF
Head of Investment Executive and Management 8,182,600 XAF
Head of Middle Office Executive and Management 7,993,600 XAF
Head of Projects Executive and Management 8,785,800 XAF
Head of Strategy Executive and Management 9,239,600 XAF
Head of Supply Chain Executive and Management 8,038,700 XAF
Head of Sustainability Executive and Management 7,140,500 XAF
Housing Manager Executive and Management 6,493,000 XAF
HSE Manager Executive and Management 6,613,100 XAF
Key Account Manager Executive and Management 7,007,800 XAF
Knowledge Manager Executive and Management 7,882,800 XAF
Location Manager Executive and Management 7,812,200 XAF
Logistics Executive Executive and Management 6,251,400 XAF
Logistics Manager Executive and Management 6,539,600 XAF
Management Consultant Executive and Management 6,660,500 XAF
Management Executive Executive and Management 9,179,000 XAF
Manager Executive and Management 8,771,100 XAF
Managing Director Executive and Management 9,754,300 XAF
MIS Executive Executive and Management 8,329,200 XAF
Ocean Services Manager Executive and Management 8,352,700 XAF
Operational Manager Executive and Management 8,902,700 XAF
Operations Analyst Executive and Management 7,655,900 XAF
Operations Assistant Executive and Management 5,926,600 XAF
Operations Director Executive and Management 9,166,100 XAF
Operations Executive Executive and Management 9,466,400 XAF
Operations Manager Executive and Management 9,478,900 XAF
Operations Supervisor Executive and Management 7,441,400 XAF
Planning Director Executive and Management 9,191,000 XAF
PMO Manager Executive and Management 8,062,900 XAF
Policy Administration Executive Executive and Management 6,850,500 XAF
Private Sector Executive Executive and Management 7,763,600 XAF
Product Development Manager Executive and Management 8,737,100 XAF
Product Executive Executive and Management 7,618,900 XAF
Production Executive Executive and Management 8,471,700 XAF
Production Manager Executive and Management 8,568,100 XAF
Production Supervisor Executive and Management 6,911,700 XAF
Program Director Executive and Management 8,664,400 XAF
Program Manager Executive and Management 9,133,400 XAF
Programme Coordinator Executive and Management 5,940,300 XAF
Project Control Manager Executive and Management 8,926,700 XAF
Project Coordinator Executive and Management 5,053,200 XAF
Project Management Officer Executive and Management 5,724,700 XAF
Project Manager Executive and Management 6,084,900 XAF
Project Portfolio Manager Executive and Management 6,911,700 XAF
Quality Manager Executive and Management 7,007,800 XAF
R/D Director Executive and Management 7,703,700 XAF
Regional Director Executive and Management 11,531,500 XAF
Regional Manager Executive and Management 8,521,700 XAF
Relationship Manager Executive and Management 8,029,300 XAF
Retail District Manager Executive and Management 6,096,900 XAF
Revenue Manager Executive and Management 6,600,900 XAF
Risk and Capital Manager Executive and Management 9,731,500 XAF
Risk Officer Executive and Management 6,289,900 XAF
Safety Manager Executive and Management 6,203,500 XAF
Section Head Executive and Management 6,514,800 XAF
Service Manager Executive and Management 6,754,900 XAF
Shift Supervisor Executive and Management 5,088,900 XAF
Solutions Manager Executive and Management 5,833,500 XAF
Supervisor Executive and Management 5,340,600 XAF
Supply Chain Manager Executive and Management 8,701,100 XAF
Surveyor Executive and Management 6,011,900 XAF
Technical Director Executive and Management 8,004,700 XAF
Technical Manager Executive and Management 7,669,900 XAF
Territory Manager Executive and Management 8,329,200 XAF
Validation Manager Executive and Management 7,321,700 XAF
Vice President Executive and Management 10,102,100 XAF
Zone Manager Executive and Management 8,411,800 XAF

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