Average Escrow Assistant Salary in Tanzania for 2024

In this article, we will look at the average Escrow Assistant 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 an Escrow Assistant Make in Tanzania?

An Escrow Assistant working in Tanzania will typically earn around 10,080,900 TZS per year, and this can range from the lowest average salary of about 5,447,200 TZS to the highest average salary of 15,238,200 TZS.

Average Annual Salary
10,080,900 TZS
Average Monthly Salary
840,075 TZS

Lowest Annual Salary
5,447,200 TZS
Lowest Monthly Salary
453,933 TZS

Highest Annual Salary
15,238,200 TZS
Highest Monthly Salary
1,269,850 TZS

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

Escrow Assistant 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 Escrow Assistant Salaries in Tanzania

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

Salary ranges

We already know that an Escrow Assistant can earn between 5,447,200 TZS and 15,238,200 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 an Escrow Assistant in Tanzania is 9,276,800 TZS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 9,276,800 TZS, and 50% of the population earn more than 9,276,800 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 Escrow Assistant salary in Tanzania, 25% of the population are earning less than 6,624,300 TZS while 75% of the population earn more than 6,624,300 TZS.

75% of the population earn less than 11,267,200 TZS, and 25% of the population earn more than 11,267,200 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.

Escrow Assistant 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 escrow assistant 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. An Escrow Assistant in Tanzania that has less than two years of experience can expect to earn somewhere in the region of 6,322,500 TZS.
  • 2 - 5 Years Experience. With two to five years of experience the average Escrow Assistant salary would increase to 7,980,700 TZS.
  • 5 - 10 Years Experience. From five to ten years of experience as an Escrow Assistant, the average salary would be 10,523,700 TZS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 12,361,500 TZS.
  • 15 - 20 Years Experience. An Escrow Assistant with 15 to 20 years of experience can earn an average of 13,679,300 TZS.
  • 20+ Years Experience. For an Escrow Assistant with more than 20 years, the expected average salary increases to 14,639,900 TZS.

Average Salary by Experience Chart

0-2 Years
6,322,500 TZS
2-5 Years +26%
7,980,700 TZS
5-10 Years +32%
10,523,700 TZS
10-15 Years +18%
12,361,500 TZS
15-20 Years +11%
13,679,300 TZS
20+ Years +6%
14,639,900 TZS

Escrow Assistant 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 an Escrow Assistant 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. An Escrow Assistant in Tanzania with a high school education can earn an average salary of 7,980,700 TZS.

  • Certificate or Diploma. An Escrow Assistant in Tanzania with a certificate or diploma education can earn an average salary of 10,919,400 TZS.

  • Bachelor's Degree. An Escrow Assistant in Tanzania with a bachelor's degree education can earn an average salary of 14,038,300 TZS.

Average Salary by Education Chart

High School
7,980,700 TZS
Certificate or Diploma +37%
10,919,400 TZS
Bachelor's Degree +29%
14,038,300 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.

Escrow Assistant 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 escrow assistant will earn an average of 10,391,200 TZS, while a female escrow assistant will earn around 9,649,800 TZS.

This means that a male escrow assistant earns approximately 8% more than a female escrow assistant for performing the same job.

Average Salary by Gender Chart in Tanzania

Male
10,391,200 TZS
Female -8%
9,649,800 TZS

Escrow Assistant 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 an Escrow Assistant in Tanzania is around 11% every 17 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 = ( 11 ÷ 17 ) × 12  = 8%

What this means is that an Escrow Assistant in Tanzania can expect to receive an average pay raise of around 8% 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%

Escrow Assistant 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.

An Escrow Assistant is a low bonus based job, with 23% of employees reporting at least one bonus in the last 12 months.

77% 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
23%
No Bonus
77%

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 an Escrow Assistant

In the table below, we have salary information for jobs that are similar to an Escrow Assistant in Tanzania.

Job Title Category Salary
Account Examiner Accounting and Finance 8,172,900 TZS
Account Executive Accounting and Finance 13,919,600 TZS
Accountant Accounting and Finance 10,992,900 TZS
Accounting Analyst Accounting and Finance 14,158,800 TZS
Accounting Assistant Accounting and Finance 8,724,700 TZS
Accounting Associate Accounting and Finance 8,062,900 TZS
Accounting Clerk Accounting and Finance 6,660,500 TZS
Accounting Coordinator Accounting and Finance 9,804,400 TZS
Accounting Head Accounting and Finance 21,961,700 TZS
Accounting Manager Accounting and Finance 22,558,900 TZS
Accounting Officer Accounting and Finance 7,872,400 TZS
Accounting Specialist Accounting and Finance 14,639,900 TZS
Accounting Supervisor Accounting and Finance 15,838,200 TZS
Accounting Technician Accounting and Finance 7,669,900 TZS
Accounting Unit Controller Accounting and Finance 17,758,500 TZS
Accounts Executive Accounting and Finance 13,798,900 TZS
Accounts Officer Accounting and Finance 8,568,100 TZS
Accounts Payable and Receivable Specialist Accounting and Finance 11,569,500 TZS
Accounts Payable Assistant Accounting and Finance 8,975,900 TZS
Accounts Payable Associate Accounting and Finance 10,344,200 TZS
Accounts Payable Clerk Accounting and Finance 8,004,700 TZS
Accounts Payable Manager Accounting and Finance 21,599,000 TZS
Accounts Receivable Administrator Accounting and Finance 15,480,300 TZS
Accounts Receivable Clerk Accounting and Finance 8,232,100 TZS
Accounts Receivable Financial Analyst Accounting and Finance 15,360,400 TZS
Accounts Receivable Manager Accounting and Finance 21,841,900 TZS
Accounts Receivable Team Leader Accounting and Finance 16,198,300 TZS
Assistant Accountant Accounting and Finance 8,352,700 TZS
Assistant Accounting Manager Accounting and Finance 21,361,700 TZS
Assistant Auditor Accounting and Finance 10,572,800 TZS
Assistant Corporate Controller Accounting and Finance 15,238,200 TZS
Assistant Finance Manager Accounting and Finance 22,321,900 TZS
Assistant Financial Controller Accounting and Finance 15,001,200 TZS
Audit Director Accounting and Finance 24,599,500 TZS
Audit Supervisor Accounting and Finance 19,921,600 TZS
Auditing Clerk Accounting and Finance 8,568,100 TZS
Auditing Manager Accounting and Finance 24,000,900 TZS
Billing Clerk Accounting and Finance 8,051,500 TZS
Billing Coordinator Accounting and Finance 9,754,300 TZS
Billing Specialist Accounting and Finance 11,316,200 TZS
Billing Supervisor Accounting and Finance 16,679,800 TZS
Bookkeeper Accounting and Finance 7,259,000 TZS
Bookkeeping Specialist Accounting and Finance 10,463,500 TZS
Budget Analyst Accounting and Finance 19,200,400 TZS
Budget Manager Accounting and Finance 23,399,000 TZS
Business Support Analyst Accounting and Finance 11,928,100 TZS
Capital Markets Associate Accounting and Finance 16,918,700 TZS
Cash Flow Analyst Accounting and Finance 17,278,100 TZS
Cash Management Manager Accounting and Finance 20,878,800 TZS
Cash Management Officer Accounting and Finance 12,239,700 TZS
Cashbook Clerk Accounting and Finance 7,140,500 TZS
Chartered Accountant Accounting and Finance 13,798,900 TZS
Chief Accountant Accounting and Finance 17,159,700 TZS
Collections Clerk Accounting and Finance 7,045,600 TZS
Collections Representative Accounting and Finance 9,478,900 TZS
Collections Specialist Accounting and Finance 10,727,200 TZS
Corporate Controller Accounting and Finance 18,239,400 TZS
Corporate Treasurer Accounting and Finance 20,159,800 TZS
Cost Accountant Accounting and Finance 11,221,100 TZS
Cost Accounting Manager Accounting and Finance 21,241,100 TZS
Cost Accounting Supervisor Accounting and Finance 18,121,700 TZS
Cost Analyst Accounting and Finance 17,278,100 TZS
Credit and Collection Manager Accounting and Finance 22,681,800 TZS
Credit and Collection Staff Accounting and Finance 8,471,700 TZS
Credit and Loans Officer Accounting and Finance 7,930,200 TZS
Credit Controller Accounting and Finance 15,719,900 TZS
Credit Manager Accounting and Finance 23,159,200 TZS
Debt Adviser Accounting and Finance 18,840,100 TZS
Debt Collector Accounting and Finance 9,311,400 TZS
Debtors Clerk Accounting and Finance 7,416,400 TZS
Debtors Controller Accounting and Finance 7,872,400 TZS
Deputy CFO Accounting and Finance 28,919,800 TZS
Deputy Head of Finance Accounting and Finance 29,761,800 TZS
Derivative Trader Accounting and Finance 19,678,200 TZS
Director of Finance Accounting and Finance 32,280,500 TZS
Economist Accounting and Finance 25,801,200 TZS
Equity Analyst Accounting and Finance 19,078,500 TZS
Executive Accountant Accounting and Finance 12,121,000 TZS
External Auditor Accounting and Finance 14,760,200 TZS
Finance Administrator Accounting and Finance 13,319,300 TZS
Finance Analyst Accounting and Finance 19,078,500 TZS
Finance Associate Accounting and Finance 10,044,200 TZS
Finance Director Accounting and Finance 31,320,700 TZS
Finance Executive Accounting and Finance 22,441,700 TZS
Finance Licensing Clerk Accounting and Finance 8,257,300 TZS
Finance Licensing Manager Accounting and Finance 20,038,100 TZS
Finance Licensing Specialist Accounting and Finance 11,518,700 TZS
Finance Manager Accounting and Finance 30,119,100 TZS
Finance Officer Accounting and Finance 10,018,700 TZS
Finance President Accounting and Finance 31,559,900 TZS
Finance Relationship Manager Accounting and Finance 25,079,200 TZS
Finance Release Analyst Accounting and Finance 12,600,600 TZS
Finance Specialist Accounting and Finance 18,121,700 TZS
Finance Team Leader Accounting and Finance 24,478,500 TZS
Financial Accountant Accounting and Finance 10,572,800 TZS
Financial Actuary Accounting and Finance 17,640,500 TZS
Financial Administrator Accounting and Finance 19,078,500 TZS
Financial Advisor Accounting and Finance 20,038,100 TZS
Financial Analyst Accounting and Finance 20,518,900 TZS
Financial Applications Specialist Accounting and Finance 13,441,600 TZS
Financial Assistant Accounting and Finance 8,795,700 TZS
Financial Associate Accounting and Finance 8,962,200 TZS
Financial Associate Accounting and Finance 10,716,600 TZS
Financial Claims Analyst Accounting and Finance 14,880,300 TZS
Financial Claims Manager Accounting and Finance 19,921,600 TZS
Financial Claims Supervisor Accounting and Finance 18,720,200 TZS
Financial Clerk Accounting and Finance 8,483,700 TZS
Financial Commercial Analyst Accounting and Finance 16,198,300 TZS
Financial Compliance Analyst Accounting and Finance 17,640,500 TZS
Financial Consultant Accounting and Finance 14,519,400 TZS
Financial Controller Accounting and Finance 17,640,500 TZS
Financial Controller Accounting and Finance 18,121,700 TZS
Financial Coordinator Accounting and Finance 9,744,400 TZS
Financial Customer Service Manager Accounting and Finance 20,639,100 TZS
Financial Dealer and Broker Accounting and Finance 12,121,000 TZS
Financial Director Accounting and Finance 33,481,400 TZS
Financial Encoder Accounting and Finance 9,001,900 TZS
Financial Manager Accounting and Finance 29,278,200 TZS
Financial Manager Accounting and Finance 32,398,700 TZS
Financial Operations Manager Accounting and Finance 28,078,900 TZS
Financial Policy Analyst Accounting and Finance 17,640,500 TZS
Financial Project Manager Accounting and Finance 21,961,700 TZS
Financial Quantitative Analyst Accounting and Finance 19,321,100 TZS
Financial Reporting Consultant Accounting and Finance 16,561,800 TZS
Financial Reporting Manager Accounting and Finance 21,841,900 TZS
Financial Section Head Accounting and Finance 21,961,700 TZS
Financial Services Manager Accounting and Finance 27,001,700 TZS
Financial Services Sales Agent Accounting and Finance 11,557,500 TZS
Fixed Assets Administrator Accounting and Finance 11,485,600 TZS
Forensic Accountant Accounting and Finance 12,600,600 TZS
Fraud Detection Supervisor Accounting and Finance 14,158,800 TZS
Fraud Prevention Manager Accounting and Finance 21,361,700 TZS
Fund Accountant Accounting and Finance 10,187,500 TZS
Grants Coordinator Accounting and Finance 8,305,400 TZS
Group Financial Manager Accounting and Finance 31,919,300 TZS
Internal Auditor Accounting and Finance 14,400,800 TZS
Internal Control Adviser Accounting and Finance 18,001,100 TZS
Internal Control Officer Accounting and Finance 9,142,700 TZS
International Tax Director Accounting and Finance 26,880,900 TZS
Inventory Accountant Accounting and Finance 10,907,900 TZS
Investment Advisor Accounting and Finance 28,919,800 TZS
Investment Analyst Accounting and Finance 21,719,900 TZS
Investment Associate Accounting and Finance 19,321,100 TZS
Investment Broker Accounting and Finance 18,720,200 TZS
Investment Fund Manager Accounting and Finance 23,520,800 TZS
Investment Operations Manager Accounting and Finance 25,200,800 TZS
Investment Underwriter Accounting and Finance 9,106,400 TZS
Investor Accounting and Finance 14,760,200 TZS
Investor Relations Manager Accounting and Finance 21,121,400 TZS
KYC Team Leader Accounting and Finance 22,081,800 TZS
Loan Processor Accounting and Finance 8,845,500 TZS
Management Accountant Accounting and Finance 12,600,600 TZS
Management Economist Accounting and Finance 24,478,500 TZS
Paymaster Accounting and Finance 9,082,500 TZS
Payroll Administrator Accounting and Finance 14,158,800 TZS
Payroll Benefits Coordinator Accounting and Finance 11,724,400 TZS
Payroll Billing Manager Accounting and Finance 19,678,200 TZS
Payroll Clerk Accounting and Finance 9,528,200 TZS
Payroll Manager Accounting and Finance 20,281,100 TZS
Payroll Officer Accounting and Finance 9,517,400 TZS
Payroll Specialist Accounting and Finance 11,531,500 TZS
Payroll Supervisor Accounting and Finance 14,400,800 TZS
Pensions Administrator Accounting and Finance 11,113,100 TZS
Personal Financial Advisor Accounting and Finance 16,320,700 TZS
Pricing Analyst Accounting and Finance 18,359,600 TZS
Private Equity Analyst Accounting and Finance 18,598,500 TZS
Project Accountant Accounting and Finance 12,121,000 TZS
Proposal Development Coordinator Accounting and Finance 9,335,200 TZS
Receivables Accountant Accounting and Finance 10,560,900 TZS
Regulatory Accountant Accounting and Finance 12,481,200 TZS
Retirement Plan Analyst Accounting and Finance 18,239,400 TZS
Revenue Management Specialist Accounting and Finance 17,399,400 TZS
Revenue Recognition Analyst Accounting and Finance 20,639,100 TZS
Risk Management Director Accounting and Finance 25,801,200 TZS
Risk Management Supervisor Accounting and Finance 21,599,000 TZS
Staff Accountant Accounting and Finance 11,005,300 TZS
Tax Accountant Accounting and Finance 10,282,900 TZS
Tax Administrator Accounting and Finance 11,592,200 TZS
Tax Advisor Accounting and Finance 16,561,800 TZS
Tax Analyst Accounting and Finance 16,799,900 TZS
Tax Associate Accounting and Finance 9,372,400 TZS
Tax Consultant Accounting and Finance 17,758,500 TZS
Tax Director Accounting and Finance 26,158,200 TZS
Tax Examiner Accounting and Finance 11,626,700 TZS
Tax Manager Accounting and Finance 22,558,900 TZS
Tax Research Manager Accounting and Finance 22,918,100 TZS
Teller Accounting and Finance 6,768,400 TZS
Treasury Accountant Accounting and Finance 11,497,300 TZS
Treasury Analyst Accounting and Finance 18,598,500 TZS
Underwriter Accounting and Finance 7,488,800 TZS
Underwriting Assistant Accounting and Finance 7,140,500 TZS
Vice President of Finance Accounting and Finance 31,320,700 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 10,978,600 TZS
Dodoma 8,533,800 TZS
Mwanza 10,102,100 TZS

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