Average Due Diligence Analyst Salary in Kenya for 2024

In this article, we will look at the average Due Diligence Analyst salary for 2024 in Kenya 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 Kenyan shilling. To keep things simple, we are using the KES currency code instead of the currency symbol Sh.

How Much Does a Due Diligence Analyst Make in Kenya?

A Due Diligence Analyst working in Kenya will typically earn around 2,290,300 KES per year, and this can range from the lowest average salary of about 1,195,600 KES to the highest average salary of 3,514,400 KES.

Average Annual Salary
2,290,300 KES
Average Monthly Salary
190,858 KES

Lowest Annual Salary
1,195,600 KES
Lowest Monthly Salary
99,633 KES

Highest Annual Salary
3,514,400 KES
Highest Monthly Salary
292,866 KES

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

Due Diligence Analyst 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 Due Diligence Analyst Salaries in Kenya

So we've looked at the average salaries a Due Diligence Analyst will earn in Kenya. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Due Diligence Analyst can earn between 1,195,600 KES and 3,514,400 KES on average in Kenya. 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 Due Diligence Analyst in Kenya is 2,207,600 KES. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,207,600 KES, and 50% of the population earn more than 2,207,600 KES.

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 Due Diligence Analyst salary in Kenya, 25% of the population are earning less than 1,524,300 KES while 75% of the population earn more than 1,524,300 KES.

75% of the population earn less than 2,748,900 KES, and 25% of the population earn more than 2,748,900 KES.

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.

Due Diligence Analyst Salary by Experience Level in Kenya

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 due diligence analyst 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 Due Diligence Analyst in Kenya that has less than two years of experience can expect to earn somewhere in the region of 1,357,900 KES.
  • 2 - 5 Years Experience. With two to five years of experience the average Due Diligence Analyst salary would increase to 1,825,000 KES.
  • 5 - 10 Years Experience. From five to ten years of experience as a Due Diligence Analyst, the average salary would be 2,362,300 KES.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,868,600 KES.
  • 15 - 20 Years Experience. A Due Diligence Analyst with 15 to 20 years of experience can earn an average of 3,132,800 KES.
  • 20+ Years Experience. For a Due Diligence Analyst with more than 20 years, the expected average salary increases to 3,288,400 KES.

Average Salary by Experience Chart

0-2 Years
1,357,900 KES
2-5 Years +34%
1,825,000 KES
5-10 Years +30%
2,362,300 KES
10-15 Years +21%
2,868,600 KES
15-20 Years +9%
3,132,800 KES
20+ Years +5%
3,288,400 KES

Due Diligence Analyst Salary by Education Level in Kenya

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 Due Diligence Analyst in Kenya 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 Due Diligence Analyst in Kenya with a high school education can earn an average salary of 1,632,100 KES.

  • Certificate or Diploma. A Due Diligence Analyst in Kenya with a certificate or diploma education can earn an average salary of 1,870,400 KES.

  • Bachelor's Degree. A Due Diligence Analyst in Kenya with a bachelor's degree education can earn an average salary of 2,629,100 KES.

  • Master's Degree. A Due Diligence Analyst in Kenya with a master's degree education can earn an average salary of 3,192,300 KES.

Average Salary by Education Chart

High School
1,632,100 KES
Certificate or Diploma +14%
1,870,400 KES
Bachelor's Degree +41%
2,629,100 KES
Master's Degree +21%
3,192,300 KES

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 Kenya is around 734,000 to 2,200,000 KES 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.

Due Diligence Analyst 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 Kenya, a male due diligence analyst will earn an average of 2,423,000 KES, while a female due diligence analyst will earn around 2,207,600 KES.

This means that a male due diligence analyst earns approximately 10% more than a female due diligence analyst for performing the same job.

Average Salary by Gender Chart in Kenya

Male
2,423,000 KES
Female -10%
2,207,600 KES

Due Diligence Analyst Average Pay Raise in Kenya

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 Due Diligence Analyst in Kenya is around 9% every 28 months.

The national average pay raise across all professions and industries in Kenya 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Due Diligence Analyst in Kenya can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Kenya for 2024

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

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%

Due Diligence Analyst Bonus and Incentive Rates in Kenya

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 Due Diligence Analyst is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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 3% to 5%.

Received Bonus
36%
No Bonus
64%

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

Public Sector
1,908,800 KES
Private Sector -14%
1,678,300 KES

Salaries for Jobs Similar to a Due Diligence Analyst

In the table below, we have salary information for jobs that are similar to a Due Diligence Analyst in Kenya.

Job Title Category Salary
Assistant Business Development Manager Business Planning 2,485,800 KES
Assistant Merchandise Planner Business Planning 1,417,600 KES
Business Advisor Business Planning 2,242,500 KES
Business Analyst Business Planning 2,242,500 KES
Business Consultant Business Planning 2,207,600 KES
Business Continuity Associate Business Planning 1,428,800 KES
Business Developer Business Planning 1,380,400 KES
Business Development Analyst Business Planning 1,570,900 KES
Business Development Associate Business Planning 1,196,300 KES
Business Development Coordinator Business Planning 1,224,800 KES
Business Development Director Business Planning 3,094,100 KES
Business Development Engineer Business Planning 1,741,800 KES
Business Development Executive Business Planning 2,304,300 KES
Business Development Manager Business Planning 2,831,100 KES
Business Development Specialist Business Planning 2,161,200 KES
Business Manager Business Planning 2,711,900 KES
Business Operations Specialist Business Planning 2,242,500 KES
Business Process Writer Business Planning 1,249,900 KES
Business Systems Analyst Business Planning 2,173,000 KES
Capacity Planner Business Planning 1,621,400 KES
Capacity Planning Supervisor Business Planning 2,184,900 KES
Change Communications Analyst Business Planning 2,086,500 KES
Change Control Analyst Business Planning 2,161,200 KES
Change Impact Analyst Business Planning 2,207,600 KES
Contracts Executive Business Planning 2,207,600 KES
Corporate Strategy Analyst Business Planning 2,304,300 KES
Cost Control Engineer Business Planning 1,391,600 KES
Cost Controller Business Planning 1,594,500 KES
Cost Estimator Business Planning 1,537,500 KES
Data Executive Business Planning 1,192,500 KES
Data Manager Business Planning 1,678,300 KES
Data Processing Manager Business Planning 1,942,700 KES
Development Researcher Business Planning 1,751,700 KES
Director of Business Development Business Planning 3,253,900 KES
Director of Production Planning Business Planning 2,782,600 KES
Estimating Manager Business Planning 2,543,000 KES
General Manager Business Planning 2,711,900 KES
Incident Handler Business Planning 1,560,800 KES
Incident Specialist Business Planning 1,930,500 KES
Lean Consultant Business Planning 1,678,300 KES
Manager Business Planning 3,035,200 KES
Marketing and Business Development Manager Business Planning 2,782,600 KES
Materials Planner Business Planning 939,000 KES
Merchandise Assistant Business Planning 970,600 KES
Merchandise Controller Business Planning 978,900 KES
Merchandise Planner Business Planning 949,600 KES
Operations Analyst Business Planning 1,967,000 KES
Operations Manager Business Planning 2,266,400 KES
Operations Research Analyst Business Planning 1,428,800 KES
Planning and Reporting Manager Business Planning 2,519,500 KES
Planning Director Business Planning 2,868,600 KES
Project Administrator Business Planning 1,440,700 KES
Project Manager Business Planning 2,290,300 KES
Project Planner Business Planning 1,417,600 KES
Research Assistant Business Planning 1,249,900 KES
Research Engineer Business Planning 1,380,400 KES
Research Officer Business Planning 1,172,800 KES
Risk Management Specialist Business Planning 2,065,400 KES
Scholarship Coordinator Business Planning 1,148,200 KES
Store Planner Business Planning 1,078,200 KES
Strategy Director Business Planning 3,144,700 KES
Top Research and Development Executive Business Planning 3,406,900 KES

Salary Comparison by City

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

City Average Salary
Kisumu 2,076,600 KES
Mombasa 2,304,300 KES
Nairobi 2,688,800 KES

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