Average Derivative Trader Salary in Madagascar for 2024

In this article, we will look at the average Derivative Trader salary for 2024 in Madagascar 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 Malagasy ariary. To keep things simple, we are using the MGA currency code instead of the currency symbol Ar.

How Much Does a Derivative Trader Make in Madagascar?

A Derivative Trader working in Madagascar will typically earn around 20,159,800 MGA per year, and this can range from the lowest average salary of about 9,442,200 MGA to the highest average salary of 31,800,300 MGA.

Average Annual Salary
20,159,800 MGA
Average Monthly Salary
1,679,983 MGA

Lowest Annual Salary
9,442,200 MGA
Lowest Monthly Salary
786,850 MGA

Highest Annual Salary
31,800,300 MGA
Highest Monthly Salary
2,650,025 MGA

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

Derivative Trader 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 Derivative Trader Salaries in Madagascar

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

Salary ranges

We already know that a Derivative Trader can earn between 9,442,200 MGA and 31,800,300 MGA on average in Madagascar. 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 Derivative Trader in Madagascar is 21,361,700 MGA. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 21,361,700 MGA, and 50% of the population earn more than 21,361,700 MGA.

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 Derivative Trader salary in Madagascar, 25% of the population are earning less than 13,798,900 MGA while 75% of the population earn more than 13,798,900 MGA.

75% of the population earn less than 28,078,900 MGA, and 25% of the population earn more than 28,078,900 MGA.

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.

Derivative Trader Salary by Experience Level in Madagascar

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 derivative trader 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 Derivative Trader in Madagascar that has less than two years of experience can expect to earn somewhere in the region of 10,894,900 MGA.
  • 2 - 5 Years Experience. With two to five years of experience the average Derivative Trader salary would increase to 15,001,200 MGA.
  • 5 - 10 Years Experience. From five to ten years of experience as a Derivative Trader, the average salary would be 21,361,700 MGA.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 26,040,800 MGA.
  • 15 - 20 Years Experience. A Derivative Trader with 15 to 20 years of experience can earn an average of 27,479,000 MGA.
  • 20+ Years Experience. For a Derivative Trader with more than 20 years, the expected average salary increases to 30,001,600 MGA.

Average Salary by Experience Chart

0-2 Years
10,894,900 MGA
2-5 Years +38%
15,001,200 MGA
5-10 Years +42%
21,361,700 MGA
10-15 Years +22%
26,040,800 MGA
15-20 Years +6%
27,479,000 MGA
20+ Years +9%
30,001,600 MGA

Derivative Trader Salary by Education Level in Madagascar

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 Derivative Trader in Madagascar 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 Derivative Trader in Madagascar with a high school education can earn an average salary of 13,441,600 MGA.

  • Certificate or Diploma. A Derivative Trader in Madagascar with a certificate or diploma education can earn an average salary of 15,719,900 MGA.

  • Bachelor's Degree. A Derivative Trader in Madagascar with a bachelor's degree education can earn an average salary of 22,799,000 MGA.

  • Master's Degree. A Derivative Trader in Madagascar with a master's degree education can earn an average salary of 30,001,600 MGA.

Average Salary by Education Chart

High School
13,441,600 MGA
Certificate or Diploma +17%
15,719,900 MGA
Bachelor's Degree +45%
22,799,000 MGA
Master's Degree +31%
30,001,600 MGA

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 Madagascar is around 6,570,000 to 19,700,000 MGA 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.

Derivative Trader 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 Madagascar, a male derivative trader will earn an average of 21,599,000 MGA, while a female derivative trader will earn around 18,840,100 MGA.

This means that a male derivative trader earns approximately 15% more than a female derivative trader for performing the same job.

Average Salary by Gender Chart in Madagascar

Male
21,599,000 MGA
Female -15%
18,840,100 MGA

Derivative Trader Average Pay Raise in Madagascar

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 Derivative Trader in Madagascar is around 9% every 28 months.

The national average pay raise across all professions and industries in Madagascar 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 a Derivative Trader in Madagascar can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Madagascar for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Derivative Trader Bonus and Incentive Rates in Madagascar

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 Derivative Trader is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 Madagascar earn approximately 18% more than private sector employees in the same role.

Public Sector
16,679,800 MGA
Private Sector -18%
14,158,800 MGA

Salaries for Jobs Similar to a Derivative Trader

In the table below, we have salary information for jobs that are similar to a Derivative Trader in Madagascar.

Job Title Category Salary
Account Examiner Accounting and Finance 8,785,800 MGA
Account Executive Accounting and Finance 14,760,200 MGA
Accountant Accounting and Finance 10,966,400 MGA
Accounting Analyst Accounting and Finance 14,519,400 MGA
Accounting Assistant Accounting and Finance 8,833,600 MGA
Accounting Associate Accounting and Finance 7,980,700 MGA
Accounting Clerk Accounting and Finance 6,840,100 MGA
Accounting Coordinator Accounting and Finance 10,546,700 MGA
Accounting Head Accounting and Finance 23,399,000 MGA
Accounting Manager Accounting and Finance 23,520,800 MGA
Accounting Officer Accounting and Finance 8,182,600 MGA
Accounting Specialist Accounting and Finance 15,360,400 MGA
Accounting Supervisor Accounting and Finance 16,079,800 MGA
Accounting Technician Accounting and Finance 8,218,100 MGA
Accounting Unit Controller Accounting and Finance 18,479,600 MGA
Accounts Executive Accounting and Finance 14,639,900 MGA
Accounts Officer Accounting and Finance 9,142,700 MGA
Accounts Payable and Receivable Specialist Accounting and Finance 11,638,300 MGA
Accounts Payable Assistant Accounting and Finance 8,845,500 MGA
Accounts Payable Associate Accounting and Finance 10,378,100 MGA
Accounts Payable Clerk Accounting and Finance 8,448,800 MGA
Accounts Payable Manager Accounting and Finance 23,040,200 MGA
Accounts Receivable Administrator Accounting and Finance 15,960,700 MGA
Accounts Receivable Clerk Accounting and Finance 8,075,200 MGA
Accounts Receivable Financial Analyst Accounting and Finance 16,320,700 MGA
Accounts Receivable Manager Accounting and Finance 21,719,900 MGA
Accounts Receivable Team Leader Accounting and Finance 15,960,700 MGA
Assistant Accountant Accounting and Finance 8,926,700 MGA
Assistant Accounting Manager Accounting and Finance 21,719,900 MGA
Assistant Auditor Accounting and Finance 10,992,900 MGA
Assistant Corporate Controller Accounting and Finance 15,118,700 MGA
Assistant Finance Manager Accounting and Finance 23,399,000 MGA
Assistant Financial Controller Accounting and Finance 14,639,900 MGA
Audit Director Accounting and Finance 25,919,400 MGA
Audit Supervisor Accounting and Finance 21,241,100 MGA
Auditing Clerk Accounting and Finance 9,142,700 MGA
Auditing Manager Accounting and Finance 24,478,500 MGA
Billing Clerk Accounting and Finance 8,316,900 MGA
Billing Coordinator Accounting and Finance 10,212,200 MGA
Billing Specialist Accounting and Finance 11,833,900 MGA
Billing Supervisor Accounting and Finance 17,758,500 MGA
Bookkeeper Accounting and Finance 7,093,500 MGA
Bookkeeping Specialist Accounting and Finance 11,207,800 MGA
Budget Analyst Accounting and Finance 19,078,500 MGA
Budget Manager Accounting and Finance 23,520,800 MGA
Business Support Analyst Accounting and Finance 12,361,500 MGA
Capital Markets Associate Accounting and Finance 16,799,900 MGA
Cash Flow Analyst Accounting and Finance 17,640,500 MGA
Cash Management Manager Accounting and Finance 21,599,000 MGA
Cash Management Officer Accounting and Finance 12,841,200 MGA
Cashbook Clerk Accounting and Finance 7,356,900 MGA
Chartered Accountant Accounting and Finance 14,760,200 MGA
Chief Accountant Accounting and Finance 17,519,700 MGA
Collections Clerk Accounting and Finance 7,140,500 MGA
Collections Representative Accounting and Finance 10,092,500 MGA
Collections Specialist Accounting and Finance 11,088,300 MGA
Corporate Controller Accounting and Finance 18,598,500 MGA
Corporate Treasurer Accounting and Finance 20,760,500 MGA
Cost Accountant Accounting and Finance 11,065,000 MGA
Cost Accounting Manager Accounting and Finance 22,198,500 MGA
Cost Accounting Supervisor Accounting and Finance 18,001,100 MGA
Cost Analyst Accounting and Finance 18,359,600 MGA
Credit and Collection Manager Accounting and Finance 22,799,000 MGA
Credit and Collection Staff Accounting and Finance 8,316,900 MGA
Credit and Loans Officer Accounting and Finance 8,533,800 MGA
Credit Controller Accounting and Finance 15,838,200 MGA
Credit Manager Accounting and Finance 22,918,100 MGA
Debt Adviser Accounting and Finance 19,078,500 MGA
Debt Collector Accounting and Finance 9,538,800 MGA
Debtors Clerk Accounting and Finance 7,812,200 MGA
Debtors Controller Accounting and Finance 8,182,600 MGA
Deputy CFO Accounting and Finance 29,881,100 MGA
Deputy Head of Finance Accounting and Finance 31,678,800 MGA
Director of Finance Accounting and Finance 34,441,600 MGA
Economist Accounting and Finance 25,321,400 MGA
Equity Analyst Accounting and Finance 20,038,100 MGA
Escrow Assistant Accounting and Finance 10,102,100 MGA
Executive Accountant Accounting and Finance 12,841,200 MGA
External Auditor Accounting and Finance 15,360,400 MGA
Finance Administrator Accounting and Finance 13,441,600 MGA
Finance Analyst Accounting and Finance 19,799,400 MGA
Finance Associate Accounting and Finance 10,297,600 MGA
Finance Director Accounting and Finance 32,519,500 MGA
Finance Executive Accounting and Finance 23,280,700 MGA
Finance Licensing Clerk Accounting and Finance 8,377,500 MGA
Finance Licensing Manager Accounting and Finance 20,639,100 MGA
Finance Licensing Specialist Accounting and Finance 11,998,600 MGA
Finance Manager Accounting and Finance 31,800,300 MGA
Finance Officer Accounting and Finance 10,306,800 MGA
Finance President Accounting and Finance 33,119,100 MGA
Finance Relationship Manager Accounting and Finance 26,639,300 MGA
Finance Release Analyst Accounting and Finance 12,361,500 MGA
Finance Specialist Accounting and Finance 19,321,100 MGA
Finance Team Leader Accounting and Finance 26,399,200 MGA
Financial Accountant Accounting and Finance 10,992,900 MGA
Financial Actuary Accounting and Finance 18,001,100 MGA
Financial Administrator Accounting and Finance 19,439,300 MGA
Financial Advisor Accounting and Finance 19,678,200 MGA
Financial Analyst Accounting and Finance 20,639,100 MGA
Financial Applications Specialist Accounting and Finance 14,158,800 MGA
Financial Assistant Accounting and Finance 9,396,300 MGA
Financial Associate Accounting and Finance 8,807,800 MGA
Financial Associate Accounting and Finance 10,643,500 MGA
Financial Claims Analyst Accounting and Finance 14,519,400 MGA
Financial Claims Manager Accounting and Finance 19,678,200 MGA
Financial Claims Supervisor Accounting and Finance 18,840,100 MGA
Financial Clerk Accounting and Finance 8,352,700 MGA
Financial Commercial Analyst Accounting and Finance 16,198,300 MGA
Financial Compliance Analyst Accounting and Finance 18,840,100 MGA
Financial Consultant Accounting and Finance 15,480,300 MGA
Financial Controller Accounting and Finance 17,278,100 MGA
Financial Controller Accounting and Finance 18,359,600 MGA
Financial Coordinator Accounting and Finance 10,141,000 MGA
Financial Customer Service Manager Accounting and Finance 20,639,100 MGA
Financial Dealer and Broker Accounting and Finance 12,121,000 MGA
Financial Director Accounting and Finance 33,721,200 MGA
Financial Encoder Accounting and Finance 9,346,600 MGA
Financial Manager Accounting and Finance 30,119,100 MGA
Financial Manager Accounting and Finance 33,119,100 MGA
Financial Operations Manager Accounting and Finance 27,479,000 MGA
Financial Policy Analyst Accounting and Finance 17,879,000 MGA
Financial Project Manager Accounting and Finance 23,040,200 MGA
Financial Quantitative Analyst Accounting and Finance 19,321,100 MGA
Financial Reporting Consultant Accounting and Finance 16,918,700 MGA
Financial Reporting Manager Accounting and Finance 22,081,800 MGA
Financial Section Head Accounting and Finance 22,558,900 MGA
Financial Services Manager Accounting and Finance 28,078,900 MGA
Financial Services Sales Agent Accounting and Finance 11,856,900 MGA
Fixed Assets Administrator Accounting and Finance 11,221,100 MGA
Forensic Accountant Accounting and Finance 13,441,600 MGA
Fraud Detection Supervisor Accounting and Finance 14,280,500 MGA
Fraud Prevention Manager Accounting and Finance 22,081,800 MGA
Fund Accountant Accounting and Finance 10,643,500 MGA
Grants Coordinator Accounting and Finance 8,218,100 MGA
Group Financial Manager Accounting and Finance 31,559,900 MGA
Internal Auditor Accounting and Finance 15,118,700 MGA
Internal Control Adviser Accounting and Finance 18,239,400 MGA
Internal Control Officer Accounting and Finance 9,430,600 MGA
International Tax Director Accounting and Finance 26,520,600 MGA
Inventory Accountant Accounting and Finance 11,221,100 MGA
Investment Advisor Accounting and Finance 30,721,900 MGA
Investment Analyst Accounting and Finance 23,280,700 MGA
Investment Associate Accounting and Finance 19,799,400 MGA
Investment Broker Accounting and Finance 18,359,600 MGA
Investment Fund Manager Accounting and Finance 24,478,500 MGA
Investment Operations Manager Accounting and Finance 25,200,800 MGA
Investment Underwriter Accounting and Finance 9,576,900 MGA
Investor Accounting and Finance 15,001,200 MGA
Investor Relations Manager Accounting and Finance 21,719,900 MGA
KYC Team Leader Accounting and Finance 22,321,900 MGA
Loan Processor Accounting and Finance 9,262,300 MGA
Management Accountant Accounting and Finance 12,481,200 MGA
Management Economist Accounting and Finance 25,079,200 MGA
Paymaster Accounting and Finance 9,060,600 MGA
Payroll Administrator Accounting and Finance 15,001,200 MGA
Payroll Benefits Coordinator Accounting and Finance 12,239,700 MGA
Payroll Billing Manager Accounting and Finance 20,760,500 MGA
Payroll Clerk Accounting and Finance 10,212,200 MGA
Payroll Manager Accounting and Finance 19,921,600 MGA
Payroll Officer Accounting and Finance 10,177,900 MGA
Payroll Specialist Accounting and Finance 11,316,200 MGA
Payroll Supervisor Accounting and Finance 14,280,500 MGA
Pensions Administrator Accounting and Finance 11,399,200 MGA
Personal Financial Advisor Accounting and Finance 17,519,700 MGA
Pricing Analyst Accounting and Finance 18,121,700 MGA
Private Equity Analyst Accounting and Finance 19,078,500 MGA
Project Accountant Accounting and Finance 12,239,700 MGA
Proposal Development Coordinator Accounting and Finance 9,576,900 MGA
Receivables Accountant Accounting and Finance 10,716,600 MGA
Regulatory Accountant Accounting and Finance 12,481,200 MGA
Retirement Plan Analyst Accounting and Finance 18,598,500 MGA
Revenue Management Specialist Accounting and Finance 17,879,000 MGA
Revenue Recognition Analyst Accounting and Finance 20,281,100 MGA
Risk Management Director Accounting and Finance 27,241,100 MGA
Risk Management Supervisor Accounting and Finance 23,040,200 MGA
Staff Accountant Accounting and Finance 11,255,300 MGA
Tax Accountant Accounting and Finance 10,956,400 MGA
Tax Administrator Accounting and Finance 12,121,000 MGA
Tax Advisor Accounting and Finance 17,640,500 MGA
Tax Analyst Accounting and Finance 16,439,200 MGA
Tax Associate Accounting and Finance 9,154,500 MGA
Tax Consultant Accounting and Finance 17,640,500 MGA
Tax Director Accounting and Finance 26,280,300 MGA
Tax Examiner Accounting and Finance 12,481,200 MGA
Tax Manager Accounting and Finance 22,198,500 MGA
Tax Research Manager Accounting and Finance 22,799,000 MGA
Teller Accounting and Finance 6,840,100 MGA
Treasury Accountant Accounting and Finance 11,794,200 MGA
Treasury Analyst Accounting and Finance 18,479,600 MGA
Underwriter Accounting and Finance 7,834,900 MGA
Underwriting Assistant Accounting and Finance 7,572,700 MGA
Vice President of Finance Accounting and Finance 31,919,300 MGA

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