Average Exchange Control Consultant Salary in Ivory Coast for 2024

In this article, we will look at the average Exchange Control Consultant salary for 2024 in Ivory Coast 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 West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does an Exchange Control Consultant Make in Ivory Coast?

An Exchange Control Consultant working in Ivory Coast will typically earn around 4,726,900 XOF per year, and this can range from the lowest average salary of about 2,557,100 XOF to the highest average salary of 7,129,200 XOF.

Average Annual Salary
4,726,900 XOF
Average Monthly Salary
393,908 XOF

Lowest Annual Salary
2,557,100 XOF
Lowest Monthly Salary
213,091 XOF

Highest Annual Salary
7,129,200 XOF
Highest Monthly Salary
594,100 XOF

These are average salaries for an Exchange Control Consultant in Ivory Coast and include benefits such as housing and transport. It's also possible for an Exchange Control Consultant to earn more or less than the average salaries shown above.

Exchange Control Consultant 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 Exchange Control Consultant Salaries in Ivory Coast

So we've looked at the average salaries an Exchange Control Consultant will earn in Ivory Coast. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Exchange Control Consultant can earn between 2,557,100 XOF and 7,129,200 XOF on average in Ivory Coast. 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 Exchange Control Consultant in Ivory Coast is 4,345,400 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 4,345,400 XOF, and 50% of the population earn more than 4,345,400 XOF.

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 Exchange Control Consultant salary in Ivory Coast, 25% of the population are earning less than 3,108,200 XOF while 75% of the population earn more than 3,108,200 XOF.

75% of the population earn less than 5,280,300 XOF, and 25% of the population earn more than 5,280,300 XOF.

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.

Exchange Control Consultant Salary by Experience Level in Ivory Coast

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 exchange control consultant 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 Exchange Control Consultant in Ivory Coast that has less than two years of experience can expect to earn somewhere in the region of 2,964,800 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Exchange Control Consultant salary would increase to 3,745,100 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Exchange Control Consultant, the average salary would be 4,931,400 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 5,806,300 XOF.
  • 15 - 20 Years Experience. An Exchange Control Consultant with 15 to 20 years of experience can earn an average of 6,420,700 XOF.
  • 20+ Years Experience. For an Exchange Control Consultant with more than 20 years, the expected average salary increases to 6,840,100 XOF.

Average Salary by Experience Chart

0-2 Years
2,964,800 XOF
2-5 Years +26%
3,745,100 XOF
5-10 Years +32%
4,931,400 XOF
10-15 Years +18%
5,806,300 XOF
15-20 Years +11%
6,420,700 XOF
20+ Years +6%
6,840,100 XOF

Exchange Control Consultant Salary by Education Level in Ivory Coast

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 Exchange Control Consultant in Ivory Coast based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Exchange Control Consultant in Ivory Coast with a bachelor's degree education can earn an average salary of 3,840,400 XOF.

  • Master's Degree. An Exchange Control Consultant in Ivory Coast with a master's degree education can earn an average salary of 5,857,100 XOF.

Average Salary by Education Chart

Bachelor's Degree
3,840,400 XOF
Master's Degree +53%
5,857,100 XOF

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 Ivory Coast is around 1,690,000 to 5,060,000 XOF 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.

Exchange Control Consultant 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 Ivory Coast, a male exchange control consultant will earn an average of 4,895,800 XOF, while a female exchange control consultant will earn around 4,475,900 XOF.

This means that a male exchange control consultant earns approximately 9% more than a female exchange control consultant for performing the same job.

Average Salary by Gender Chart in Ivory Coast

Male
4,895,800 XOF
Female -9%
4,475,900 XOF

Exchange Control Consultant Average Pay Raise in Ivory Coast

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 Exchange Control Consultant in Ivory Coast is around 8% every 28 months.

The national average pay raise across all professions and industries in Ivory Coast 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that an Exchange Control Consultant in Ivory Coast can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Ivory Coast for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Exchange Control Consultant Bonus and Incentive Rates in Ivory Coast

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 Exchange Control Consultant is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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
59%
No Bonus
41%

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 Ivory Coast earn approximately 17% more than private sector employees in the same role.

Public Sector
4,403,400 XOF
Private Sector -17%
3,755,300 XOF

Salaries for Jobs Similar to an Exchange Control Consultant

In the table below, we have salary information for jobs that are similar to an Exchange Control Consultant in Ivory Coast.

Job Title Category Salary
AML Analyst Banking 6,011,900 XOF
Assistant Bank Branch Manager Banking 5,507,100 XOF
Assistant Bank Manager Banking 7,140,500 XOF
ATM Manager Banking 5,761,400 XOF
ATM Service Technician Banking 1,668,900 XOF
Bank Accounts Analyst Banking 2,423,000 XOF
Bank Accounts Collector Banking 1,405,700 XOF
Bank Accounts Controller Banking 2,902,500 XOF
Bank Accounts Executive Banking 4,537,100 XOF
Bank Accounts Manager Banking 5,017,100 XOF
Bank Auditing Manager Banking 5,136,500 XOF
Bank Branch Manager Banking 7,140,500 XOF
Bank Branch Operations Coordinator Banking 3,239,400 XOF
Bank Clerk Banking 1,333,900 XOF
Bank Client Service Associate Banking 2,026,800 XOF
Bank Collector Banking 1,405,700 XOF
Bank Compliance Specialist Banking 3,840,400 XOF
Bank Manager Banking 8,460,900 XOF
Bank Operational Risk Manager Banking 8,195,200 XOF
Bank Operations Head Banking 8,590,400 XOF
Bank Operations Officer Banking 3,312,100 XOF
Bank Operations Specialist Banking 5,038,200 XOF
Bank Process Manager Banking 4,570,300 XOF
Bank Product Manager Banking 5,209,200 XOF
Bank Programme Manager Banking 6,011,900 XOF
Bank Project Manager Banking 6,613,100 XOF
Bank Propositions Manager Banking 5,843,600 XOF
Bank Quantitative Analyst Banking 4,403,400 XOF
Bank Regional Manager Banking 8,952,900 XOF
Bank Regional Risk Officer Banking 4,297,400 XOF
Bank Relationship Manager Banking 6,263,400 XOF
Bank Relationship Officer Banking 2,734,500 XOF
Bank Teller Banking 1,440,700 XOF
Banker Banking 2,987,000 XOF
Banking Business Analyst Banking 4,465,800 XOF
Banking Business Development Officer Banking 2,773,700 XOF
Banking Business Planning Executive Banking 6,179,700 XOF
Banking Product Manager Banking 5,363,700 XOF
Banking Reference Data Manager Banking 4,703,900 XOF
Banking Risk Analyst Banking 4,224,200 XOF
Banking Technical Analyst Banking 2,281,800 XOF
Bankruptcy Coordinator Banking 3,156,400 XOF
Bill and Account Collector Banking 1,621,400 XOF
Budget Analyst Banking 4,332,900 XOF
Capital Risk Manager Banking 8,134,400 XOF
Cards Marketing Manager Banking 5,711,000 XOF
Cash Management Manager Banking 7,369,700 XOF
Check Processing Manager Banking 5,747,700 XOF
Commercial Vault Associate Banking 4,140,900 XOF
Corporate Banker Banking 3,035,200 XOF
Corporate Dealer Banking 4,739,800 XOF
Credit Analyst Banking 3,312,100 XOF
Credit and Collections Manager Banking 6,058,300 XOF
Credit Card Fraud Investigator Banking 4,429,300 XOF
Credit Portfolio Manager Banking 8,568,100 XOF
Credit Risk Analyst Banking 4,895,800 XOF
Credit Risk Associate Banking 4,786,100 XOF
Direct Bank Sales Representative Banking 3,205,100 XOF
Executive Account Analyst Banking 4,320,200 XOF
Financial Bank Planning Consultant Banking 5,461,900 XOF
Financial Banking Analysis Manager Banking 6,696,900 XOF
Financial Banking Assistant Banking 2,076,600 XOF
Financial Banking Systems Manager Banking 6,241,000 XOF
Foreign Exchange Manager Banking 6,371,500 XOF
Fraud Analyst Banking 4,654,300 XOF
Fraud Detection Associate Banking 3,323,300 XOF
Fraud Detection Manager Banking 6,613,100 XOF
Fraud Detection Supervisor Banking 3,829,500 XOF
Internal Bank Audit Manager Banking 8,038,700 XOF
Internal Bank Auditor Banking 4,079,300 XOF
Internal Private Banker Banking 3,217,900 XOF
International Banking Manager Banking 9,094,100 XOF
Investment Banking Analyst Banking 6,529,400 XOF
Loan Analyst Banking 4,450,400 XOF
Loan Area Manager Banking 5,183,700 XOF
Loan Audit Team Leader Banking 4,860,800 XOF
Loan Branch Manager Banking 5,063,200 XOF
Loan Business Development Officer Banking 2,605,500 XOF
Loan Clerk Banking 1,606,100 XOF
Loan Collection and Recovery Manager Banking 5,471,700 XOF
Loan Collection Manager Banking 5,197,600 XOF
Loan Collector Banking 1,428,800 XOF
Loan Examiner Banking 2,003,200 XOF
Loan Officer Banking 1,703,200 XOF
Loan Processing Manager Banking 4,714,900 XOF
Loan Processor Banking 2,076,600 XOF
Loan Quality Assurance Auditor Banking 4,450,400 XOF
Loan Quality Assurance Manager Banking 4,726,900 XOF
Loan Quality Assurance Representative Banking 3,323,300 XOF
Loan Review Manager Banking 4,777,400 XOF
Loan Team Leader Banking 4,510,700 XOF
Loans Manager Banking 6,084,900 XOF
Mortgage Advisor Banking 2,953,200 XOF
Mortgage Collection Manager Banking 5,256,700 XOF
Mortgage Collector Banking 1,405,700 XOF
Mortgage Credit Analyst Banking 2,401,300 XOF
Mortgage Credit Manager Banking 4,810,800 XOF
Mortgage Development Manager Banking 5,818,100 XOF
Mortgage Document Reviewer Banking 1,882,700 XOF
Mortgage Funding Manager Banking 5,914,900 XOF
Mortgage Operations Manager Banking 7,633,100 XOF
Mortgage Payment Processing Clerk Banking 1,606,100 XOF
Mortgage Processing Manager Banking 4,991,200 XOF
Mortgage Processor Banking 2,065,400 XOF
Mortgage Quality Assurance Auditor Banking 4,380,400 XOF
Mortgage Quality Assurance Manager Banking 4,786,100 XOF
Mortgage Servicing Clerk Banking 1,524,300 XOF
Mortgage Servicing Manager Banking 5,099,700 XOF
Mortgage Underwriter Banking 1,882,700 XOF
Online Banking Manager Banking 7,369,700 XOF
Payment Processing Clerk Banking 1,583,700 XOF
Personal Banker Banking 3,323,300 XOF
Personal Banking Advisor Banking 3,323,300 XOF
Phone Banker Banking 2,124,400 XOF
Private Banker Banking 3,085,500 XOF
Reconciliation and Investigation Specialist Banking 3,648,200 XOF
Tax Officer Banking 2,724,700 XOF
Teller Banking 1,547,500 XOF
Trade Officer Banking 1,716,600 XOF
Trade Product Manager Banking 5,197,600 XOF
Trader Banking 2,076,600 XOF
Treasury Operations Officer Banking 3,912,600 XOF

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