Average Direct Bank Sales Representative Salary in Djibouti for 2024

In this article, we will look at the average Direct Bank Sales Representative salary for 2024 in Djibouti 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 Djiboutian franc. To keep things simple, we are using the DJF currency code instead of the currency symbol Fr.

How Much Does a Direct Bank Sales Representative Make in Djibouti?

A Direct Bank Sales Representative working in Djibouti will typically earn around 2,485,800 DJF per year, and this can range from the lowest average salary of about 1,345,400 DJF to the highest average salary of 3,755,300 DJF.

Average Annual Salary
2,485,800 DJF
Average Monthly Salary
207,150 DJF

Lowest Annual Salary
1,345,400 DJF
Lowest Monthly Salary
112,116 DJF

Highest Annual Salary
3,755,300 DJF
Highest Monthly Salary
312,941 DJF

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

Direct Bank Sales Representative 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 Direct Bank Sales Representative Salaries in Djibouti

So we've looked at the average salaries a Direct Bank Sales Representative will earn in Djibouti. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Direct Bank Sales Representative can earn between 1,345,400 DJF and 3,755,300 DJF on average in Djibouti. 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 Direct Bank Sales Representative in Djibouti is 2,290,300 DJF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,290,300 DJF, and 50% of the population earn more than 2,290,300 DJF.

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 Direct Bank Sales Representative salary in Djibouti, 25% of the population are earning less than 1,632,100 DJF while 75% of the population earn more than 1,632,100 DJF.

75% of the population earn less than 2,782,600 DJF, and 25% of the population earn more than 2,782,600 DJF.

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.

Direct Bank Sales Representative Salary by Experience Level in Djibouti

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 direct bank sales representative 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 Direct Bank Sales Representative in Djibouti that has less than two years of experience can expect to earn somewhere in the region of 1,560,800 DJF.
  • 2 - 5 Years Experience. With two to five years of experience the average Direct Bank Sales Representative salary would increase to 1,967,000 DJF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Direct Bank Sales Representative, the average salary would be 2,593,900 DJF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,061,300 DJF.
  • 15 - 20 Years Experience. A Direct Bank Sales Representative with 15 to 20 years of experience can earn an average of 3,385,800 DJF.
  • 20+ Years Experience. For a Direct Bank Sales Representative with more than 20 years, the expected average salary increases to 3,601,500 DJF.

Average Salary by Experience Chart

0-2 Years
1,560,800 DJF
2-5 Years +26%
1,967,000 DJF
5-10 Years +32%
2,593,900 DJF
10-15 Years +18%
3,061,300 DJF
15-20 Years +11%
3,385,800 DJF
20+ Years +6%
3,601,500 DJF

Direct Bank Sales Representative Salary by Education Level in Djibouti

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 Direct Bank Sales Representative in Djibouti 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. A Direct Bank Sales Representative in Djibouti with a certificate or diploma education can earn an average salary of 1,967,000 DJF.

  • Bachelor's Degree. A Direct Bank Sales Representative in Djibouti with a bachelor's degree education can earn an average salary of 2,593,900 DJF.

  • Master's Degree. A Direct Bank Sales Representative in Djibouti with a master's degree education can earn an average salary of 3,564,300 DJF.

Average Salary by Education Chart

Certificate or Diploma
1,967,000 DJF
Bachelor's Degree +32%
2,593,900 DJF
Master's Degree +37%
3,564,300 DJF

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 Djibouti is around 1,380,000 to 4,130,000 DJF 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.

Direct Bank Sales Representative 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 Djibouti, a male direct bank sales representative will earn an average of 2,579,200 DJF, while a female direct bank sales representative will earn around 2,352,500 DJF.

This means that a male direct bank sales representative earns approximately 10% more than a female direct bank sales representative for performing the same job.

Average Salary by Gender Chart in Djibouti

Male
2,579,200 DJF
Female -10%
2,352,500 DJF

Direct Bank Sales Representative Average Pay Raise in Djibouti

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 Direct Bank Sales Representative in Djibouti is around 7% every 28 months.

The national average pay raise across all professions and industries in Djibouti 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Direct Bank Sales Representative in Djibouti can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Djibouti for 2024

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

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%

Direct Bank Sales Representative Bonus and Incentive Rates in Djibouti

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 Direct Bank Sales Representative is a moderate bonus based job, with 58% of employees reporting at least one bonus in the last 12 months.

42% 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 7%.

Received Bonus
58%
No Bonus
42%

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

Public Sector
3,406,900 DJF
Private Sector -8%
3,168,300 DJF

Salaries for Jobs Similar to a Direct Bank Sales Representative

In the table below, we have salary information for jobs that are similar to a Direct Bank Sales Representative in Djibouti.

Job Title Category Salary
AML Analyst Banking 5,111,100 DJF
Assistant Bank Branch Manager Banking 4,429,300 DJF
Assistant Bank Manager Banking 5,531,100 DJF
ATM Manager Banking 4,956,800 DJF
ATM Service Technician Banking 1,306,100 DJF
Bank Accounts Analyst Banking 1,908,800 DJF
Bank Accounts Collector Banking 1,198,200 DJF
Bank Accounts Controller Banking 2,435,600 DJF
Bank Accounts Executive Banking 3,469,900 DJF
Bank Accounts Manager Banking 4,270,100 DJF
Bank Auditing Manager Banking 4,043,600 DJF
Bank Branch Manager Banking 5,686,100 DJF
Bank Branch Operations Coordinator Banking 2,485,800 DJF
Bank Clerk Banking 1,106,000 DJF
Bank Client Service Associate Banking 1,594,500 DJF
Bank Collector Banking 1,212,800 DJF
Bank Compliance Specialist Banking 3,205,100 DJF
Bank Manager Banking 6,958,900 DJF
Bank Operational Risk Manager Banking 7,105,200 DJF
Bank Operations Head Banking 6,984,300 DJF
Bank Operations Officer Banking 2,593,900 DJF
Bank Operations Specialist Banking 4,176,700 DJF
Bank Process Manager Banking 3,829,500 DJF
Bank Product Manager Banking 4,260,400 DJF
Bank Programme Manager Banking 4,822,700 DJF
Bank Project Manager Banking 5,639,700 DJF
Bank Propositions Manager Banking 4,883,400 DJF
Bank Quantitative Analyst Banking 3,490,200 DJF
Bank Regional Manager Banking 6,875,100 DJF
Bank Regional Risk Officer Banking 3,622,400 DJF
Bank Relationship Manager Banking 5,340,600 DJF
Bank Relationship Officer Banking 2,230,100 DJF
Bank Teller Banking 1,181,200 DJF
Banker Banking 2,401,300 DJF
Banking Business Analyst Banking 3,622,400 DJF
Banking Business Development Officer Banking 2,254,400 DJF
Banking Business Planning Executive Banking 5,315,900 DJF
Banking Product Manager Banking 4,654,300 DJF
Banking Reference Data Manager Banking 4,043,600 DJF
Banking Risk Analyst Banking 3,577,600 DJF
Banking Technical Analyst Banking 1,955,300 DJF
Bankruptcy Coordinator Banking 2,629,100 DJF
Bill and Account Collector Banking 1,296,900 DJF
Budget Analyst Banking 3,503,800 DJF
Capital Risk Manager Banking 6,947,800 DJF
Cards Marketing Manager Banking 4,488,100 DJF
Cash Management Manager Banking 6,058,300 DJF
Check Processing Manager Banking 4,752,100 DJF
Commercial Vault Associate Banking 3,455,900 DJF
Corporate Banker Banking 2,495,600 DJF
Corporate Dealer Banking 3,769,500 DJF
Credit Analyst Banking 2,782,600 DJF
Credit and Collections Manager Banking 4,642,200 DJF
Credit Card Fraud Investigator Banking 3,781,400 DJF
Credit Portfolio Manager Banking 6,850,500 DJF
Credit Risk Analyst Banking 3,925,200 DJF
Credit Risk Associate Banking 3,635,200 DJF
Exchange Control Consultant Banking 3,959,700 DJF
Executive Account Analyst Banking 3,490,200 DJF
Financial Bank Planning Consultant Banking 4,594,300 DJF
Financial Banking Analysis Manager Banking 5,256,700 DJF
Financial Banking Assistant Banking 1,632,100 DJF
Financial Banking Systems Manager Banking 4,956,800 DJF
Foreign Exchange Manager Banking 5,088,900 DJF
Fraud Analyst Banking 3,745,100 DJF
Fraud Detection Associate Banking 2,676,200 DJF
Fraud Detection Manager Banking 5,545,500 DJF
Fraud Detection Supervisor Banking 3,094,100 DJF
Internal Bank Audit Manager Banking 6,587,900 DJF
Internal Bank Auditor Banking 3,359,900 DJF
Internal Private Banker Banking 2,662,900 DJF
International Banking Manager Banking 7,523,300 DJF
Investment Banking Analyst Banking 5,063,200 DJF
Loan Analyst Banking 3,432,600 DJF
Loan Area Manager Banking 4,391,800 DJF
Loan Audit Team Leader Banking 4,116,600 DJF
Loan Branch Manager Banking 3,912,600 DJF
Loan Business Development Officer Banking 2,230,100 DJF
Loan Clerk Banking 1,259,300 DJF
Loan Collection and Recovery Manager Banking 4,320,200 DJF
Loan Collection Manager Banking 4,499,000 DJF
Loan Collector Banking 1,130,200 DJF
Loan Examiner Banking 1,594,500 DJF
Loan Officer Banking 1,428,800 DJF
Loan Processing Manager Banking 3,792,300 DJF
Loan Processor Banking 1,678,300 DJF
Loan Quality Assurance Auditor Banking 3,622,400 DJF
Loan Quality Assurance Manager Banking 3,863,700 DJF
Loan Quality Assurance Representative Banking 2,734,500 DJF
Loan Review Manager Banking 3,959,700 DJF
Loan Team Leader Banking 3,755,300 DJF
Loans Manager Banking 4,786,100 DJF
Mortgage Advisor Banking 2,485,800 DJF
Mortgage Collection Manager Banking 4,006,500 DJF
Mortgage Collector Banking 1,187,900 DJF
Mortgage Credit Analyst Banking 1,846,200 DJF
Mortgage Credit Manager Banking 4,129,300 DJF
Mortgage Development Manager Banking 4,548,600 DJF
Mortgage Document Reviewer Banking 1,487,200 DJF
Mortgage Funding Manager Banking 4,681,400 DJF
Mortgage Operations Manager Banking 6,228,100 DJF
Mortgage Payment Processing Clerk Banking 1,320,500 DJF
Mortgage Processing Manager Banking 3,970,700 DJF
Mortgage Processor Banking 1,655,500 DJF
Mortgage Quality Assurance Auditor Banking 3,610,800 DJF
Mortgage Quality Assurance Manager Banking 3,970,700 DJF
Mortgage Servicing Clerk Banking 1,224,800 DJF
Mortgage Servicing Manager Banking 4,129,300 DJF
Mortgage Underwriter Banking 1,570,900 DJF
Online Banking Manager Banking 6,142,600 DJF
Payment Processing Clerk Banking 1,333,900 DJF
Personal Banker Banking 2,676,200 DJF
Personal Banking Advisor Banking 2,579,200 DJF
Phone Banker Banking 1,741,800 DJF
Private Banker Banking 2,605,500 DJF
Reconciliation and Investigation Specialist Banking 3,047,800 DJF
Tax Officer Banking 2,146,100 DJF
Teller Banking 1,198,200 DJF
Trade Officer Banking 1,417,600 DJF
Trade Product Manager Banking 4,297,400 DJF
Trader Banking 1,728,900 DJF
Treasury Operations Officer Banking 3,192,300 DJF

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