Average Finance Director Salary in Namibia for 2024

In this article, we will look at the average Finance Director salary for 2024 in Namibia 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 Namibian dollar. To keep things simple, we are using the NAD currency code instead of the currency symbol $.

How Much Does a Finance Director Make in Namibia?

A Finance Director working in Namibia will typically earn around 431,100 NAD per year, and this can range from the lowest average salary of about 221,500 NAD to the highest average salary of 663,200 NAD.

Average Annual Salary
431,100 NAD
Average Monthly Salary
35,925 NAD

Lowest Annual Salary
221,500 NAD
Lowest Monthly Salary
18,458 NAD

Highest Annual Salary
663,200 NAD
Highest Monthly Salary
55,266 NAD

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

Finance Director 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 Finance Director Salaries in Namibia

So we've looked at the average salaries a Finance Director will earn in Namibia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Finance Director can earn between 221,500 NAD and 663,200 NAD on average in Namibia. 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 Finance Director in Namibia is 420,100 NAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 420,100 NAD, and 50% of the population earn more than 420,100 NAD.

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 Finance Director salary in Namibia, 25% of the population are earning less than 286,400 NAD while 75% of the population earn more than 286,400 NAD.

75% of the population earn less than 529,600 NAD, and 25% of the population earn more than 529,600 NAD.

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.

Finance Director Salary by Experience Level in Namibia

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 finance director 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 Finance Director in Namibia that has less than two years of experience can expect to earn somewhere in the region of 246,200 NAD.
  • 2 - 5 Years Experience. With two to five years of experience the average Finance Director salary would increase to 320,500 NAD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Finance Director, the average salary would be 451,000 NAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 538,600 NAD.
  • 15 - 20 Years Experience. A Finance Director with 15 to 20 years of experience can earn an average of 588,500 NAD.
  • 20+ Years Experience. For a Finance Director with more than 20 years, the expected average salary increases to 632,400 NAD.

Average Salary by Experience Chart

0-2 Years
246,200 NAD
2-5 Years +31%
320,500 NAD
5-10 Years +40%
451,000 NAD
10-15 Years +20%
538,600 NAD
15-20 Years +9%
588,500 NAD
20+ Years +8%
632,400 NAD

Finance Director Salary by Education Level in Namibia

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 Finance Director in Namibia 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 Finance Director in Namibia with a certificate or diploma education can earn an average salary of 294,300 NAD.

  • Bachelor's Degree. A Finance Director in Namibia with a bachelor's degree education can earn an average salary of 341,900 NAD.

  • Master's Degree. A Finance Director in Namibia with a master's degree education can earn an average salary of 480,300 NAD.

  • PhD. A Finance Director in Namibia with a phd education can earn an average salary of 615,000 NAD.

Average Salary by Education Chart

Certificate or Diploma
294,300 NAD
Bachelor's Degree +17%
341,900 NAD
Master's Degree +40%
480,300 NAD
PhD +28%
615,000 NAD

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 Namibia is around 87,200 to 262,000 NAD 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.

Finance Director 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 Namibia, a male finance director will earn an average of 450,300 NAD, while a female finance director will earn around 411,400 NAD.

This means that a male finance director earns approximately 9% more than a female finance director for performing the same job.

Average Salary by Gender Chart in Namibia

Male
450,300 NAD
Female -9%
411,400 NAD

Finance Director Average Pay Raise in Namibia

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 Finance Director in Namibia is around 9% every 30 months.

The national average pay raise across all professions and industries in Namibia 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 ÷ 30 ) × 12  = 4%

What this means is that a Finance Director in Namibia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Namibia for 2024

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

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%

Finance Director Bonus and Incentive Rates in Namibia

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 Finance Director is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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 8%.

Received Bonus
64%
No Bonus
36%

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

Public Sector
215,100 NAD
Private Sector -8%
200,000 NAD

Salaries for Jobs Similar to a Finance Director

In the table below, we have salary information for jobs that are similar to a Finance Director in Namibia.

Job Title Category Salary
Account Examiner Accounting and Finance 111,920 NAD
Account Executive Accounting and Finance 191,600 NAD
Accountant Accounting and Finance 137,400 NAD
Accounting Analyst Accounting and Finance 180,500 NAD
Accounting Assistant Accounting and Finance 112,620 NAD
Accounting Associate Accounting and Finance 108,800 NAD
Accounting Clerk Accounting and Finance 88,020 NAD
Accounting Coordinator Accounting and Finance 134,600 NAD
Accounting Head Accounting and Finance 307,400 NAD
Accounting Manager Accounting and Finance 311,700 NAD
Accounting Officer Accounting and Finance 115,560 NAD
Accounting Specialist Accounting and Finance 197,600 NAD
Accounting Supervisor Accounting and Finance 207,700 NAD
Accounting Technician Accounting and Finance 103,820 NAD
Accounting Unit Controller Accounting and Finance 258,400 NAD
Accounts Executive Accounting and Finance 181,600 NAD
Accounts Officer Accounting and Finance 119,700 NAD
Accounts Payable and Receivable Specialist Accounting and Finance 148,300 NAD
Accounts Payable Assistant Accounting and Finance 115,560 NAD
Accounts Payable Associate Accounting and Finance 128,900 NAD
Accounts Payable Clerk Accounting and Finance 115,260 NAD
Accounts Payable Manager Accounting and Finance 290,800 NAD
Accounts Receivable Administrator Accounting and Finance 221,500 NAD
Accounts Receivable Clerk Accounting and Finance 113,420 NAD
Accounts Receivable Financial Analyst Accounting and Finance 204,000 NAD
Accounts Receivable Manager Accounting and Finance 282,500 NAD
Accounts Receivable Team Leader Accounting and Finance 214,000 NAD
Assistant Accountant Accounting and Finance 117,380 NAD
Assistant Accounting Manager Accounting and Finance 275,500 NAD
Assistant Auditor Accounting and Finance 146,200 NAD
Assistant Corporate Controller Accounting and Finance 196,800 NAD
Assistant Finance Manager Accounting and Finance 297,000 NAD
Assistant Financial Controller Accounting and Finance 207,800 NAD
Audit Director Accounting and Finance 352,000 NAD
Audit Supervisor Accounting and Finance 277,400 NAD
Auditing Clerk Accounting and Finance 119,700 NAD
Auditing Manager Accounting and Finance 315,900 NAD
Billing Clerk Accounting and Finance 113,700 NAD
Billing Coordinator Accounting and Finance 128,500 NAD
Billing Specialist Accounting and Finance 151,800 NAD
Billing Supervisor Accounting and Finance 218,900 NAD
Bookkeeper Accounting and Finance 98,120 NAD
Bookkeeping Specialist Accounting and Finance 138,800 NAD
Budget Analyst Accounting and Finance 246,500 NAD
Budget Manager Accounting and Finance 311,700 NAD
Business Support Analyst Accounting and Finance 163,800 NAD
Capital Markets Associate Accounting and Finance 217,900 NAD
Cash Flow Analyst Accounting and Finance 216,800 NAD
Cash Management Manager Accounting and Finance 299,500 NAD
Cash Management Officer Accounting and Finance 163,800 NAD
Cashbook Clerk Accounting and Finance 102,460 NAD
Chartered Accountant Accounting and Finance 192,600 NAD
Chief Accountant Accounting and Finance 225,300 NAD
Collections Clerk Accounting and Finance 86,740 NAD
Collections Representative Accounting and Finance 127,700 NAD
Collections Specialist Accounting and Finance 146,200 NAD
Corporate Controller Accounting and Finance 225,300 NAD
Corporate Treasurer Accounting and Finance 273,300 NAD
Cost Accountant Accounting and Finance 151,800 NAD
Cost Accounting Manager Accounting and Finance 299,500 NAD
Cost Accounting Supervisor Accounting and Finance 246,500 NAD
Cost Analyst Accounting and Finance 228,500 NAD
Credit and Collection Manager Accounting and Finance 301,600 NAD
Credit and Collection Staff Accounting and Finance 117,380 NAD
Credit and Loans Officer Accounting and Finance 107,580 NAD
Credit Controller Accounting and Finance 209,700 NAD
Credit Manager Accounting and Finance 294,700 NAD
Debt Adviser Accounting and Finance 254,700 NAD
Debt Collector Accounting and Finance 119,320 NAD
Debtors Clerk Accounting and Finance 103,580 NAD
Debtors Controller Accounting and Finance 115,560 NAD
Deputy CFO Accounting and Finance 413,900 NAD
Deputy Head of Finance Accounting and Finance 414,000 NAD
Derivative Trader Accounting and Finance 257,700 NAD
Director of Finance Accounting and Finance 454,300 NAD
Economist Accounting and Finance 340,400 NAD
Equity Analyst Accounting and Finance 268,900 NAD
Escrow Assistant Accounting and Finance 134,600 NAD
Executive Accountant Accounting and Finance 163,800 NAD
External Auditor Accounting and Finance 204,700 NAD
Finance Administrator Accounting and Finance 172,200 NAD
Finance Analyst Accounting and Finance 273,000 NAD
Finance Associate Accounting and Finance 134,600 NAD
Finance Executive Accounting and Finance 308,900 NAD
Finance Licensing Clerk Accounting and Finance 107,820 NAD
Finance Licensing Manager Accounting and Finance 268,900 NAD
Finance Licensing Specialist Accounting and Finance 159,400 NAD
Finance Manager Accounting and Finance 426,700 NAD
Finance Officer Accounting and Finance 136,100 NAD
Finance President Accounting and Finance 444,300 NAD
Finance Relationship Manager Accounting and Finance 345,700 NAD
Finance Release Analyst Accounting and Finance 172,200 NAD
Finance Specialist Accounting and Finance 239,300 NAD
Finance Team Leader Accounting and Finance 332,100 NAD
Financial Accountant Accounting and Finance 152,000 NAD
Financial Actuary Accounting and Finance 218,900 NAD
Financial Administrator Accounting and Finance 249,600 NAD
Financial Advisor Accounting and Finance 275,500 NAD
Financial Analyst Accounting and Finance 263,200 NAD
Financial Applications Specialist Accounting and Finance 183,600 NAD
Financial Assistant Accounting and Finance 125,100 NAD
Financial Associate Accounting and Finance 113,220 NAD
Financial Associate Accounting and Finance 138,200 NAD
Financial Claims Analyst Accounting and Finance 191,600 NAD
Financial Claims Manager Accounting and Finance 268,900 NAD
Financial Claims Supervisor Accounting and Finance 237,400 NAD
Financial Clerk Accounting and Finance 105,940 NAD
Financial Commercial Analyst Accounting and Finance 201,100 NAD
Financial Compliance Analyst Accounting and Finance 246,200 NAD
Financial Consultant Accounting and Finance 201,100 NAD
Financial Controller Accounting and Finance 232,900 NAD
Financial Controller Accounting and Finance 233,600 NAD
Financial Coordinator Accounting and Finance 142,300 NAD
Financial Customer Service Manager Accounting and Finance 273,300 NAD
Financial Dealer and Broker Accounting and Finance 164,200 NAD
Financial Director Accounting and Finance 424,900 NAD
Financial Encoder Accounting and Finance 128,500 NAD
Financial Manager Accounting and Finance 390,000 NAD
Financial Manager Accounting and Finance 409,000 NAD
Financial Operations Manager Accounting and Finance 367,900 NAD
Financial Policy Analyst Accounting and Finance 215,100 NAD
Financial Project Manager Accounting and Finance 309,800 NAD
Financial Quantitative Analyst Accounting and Finance 252,300 NAD
Financial Reporting Consultant Accounting and Finance 207,800 NAD
Financial Reporting Manager Accounting and Finance 266,000 NAD
Financial Section Head Accounting and Finance 275,500 NAD
Financial Services Manager Accounting and Finance 388,100 NAD
Financial Services Sales Agent Accounting and Finance 161,300 NAD
Fixed Assets Administrator Accounting and Finance 151,800 NAD
Forensic Accountant Accounting and Finance 174,000 NAD
Fraud Detection Supervisor Accounting and Finance 172,200 NAD
Fraud Prevention Manager Accounting and Finance 301,700 NAD
Fund Accountant Accounting and Finance 136,200 NAD
Grants Coordinator Accounting and Finance 112,420 NAD
Group Financial Manager Accounting and Finance 407,100 NAD
Internal Auditor Accounting and Finance 204,700 NAD
Internal Control Adviser Accounting and Finance 221,500 NAD
Internal Control Officer Accounting and Finance 128,500 NAD
International Tax Director Accounting and Finance 359,900 NAD
Inventory Accountant Accounting and Finance 148,300 NAD
Investment Advisor Accounting and Finance 396,300 NAD
Investment Analyst Accounting and Finance 277,400 NAD
Investment Associate Accounting and Finance 240,500 NAD
Investment Broker Accounting and Finance 247,800 NAD
Investment Fund Manager Accounting and Finance 340,000 NAD
Investment Operations Manager Accounting and Finance 315,700 NAD
Investment Underwriter Accounting and Finance 123,400 NAD
Investor Accounting and Finance 181,600 NAD
Investor Relations Manager Accounting and Finance 296,000 NAD
KYC Team Leader Accounting and Finance 282,500 NAD
Loan Processor Accounting and Finance 119,560 NAD
Management Accountant Accounting and Finance 163,800 NAD
Management Economist Accounting and Finance 341,900 NAD
Paymaster Accounting and Finance 112,000 NAD
Payroll Administrator Accounting and Finance 185,100 NAD
Payroll Benefits Coordinator Accounting and Finance 161,300 NAD
Payroll Billing Manager Accounting and Finance 281,500 NAD
Payroll Clerk Accounting and Finance 129,000 NAD
Payroll Manager Accounting and Finance 254,800 NAD
Payroll Officer Accounting and Finance 125,700 NAD
Payroll Specialist Accounting and Finance 159,400 NAD
Payroll Supervisor Accounting and Finance 187,300 NAD
Pensions Administrator Accounting and Finance 157,600 NAD
Personal Financial Advisor Accounting and Finance 209,500 NAD
Pricing Analyst Accounting and Finance 232,900 NAD
Private Equity Analyst Accounting and Finance 263,100 NAD
Project Accountant Accounting and Finance 157,600 NAD
Proposal Development Coordinator Accounting and Finance 128,900 NAD
Receivables Accountant Accounting and Finance 137,400 NAD
Regulatory Accountant Accounting and Finance 159,100 NAD
Retirement Plan Analyst Accounting and Finance 225,300 NAD
Revenue Management Specialist Accounting and Finance 246,500 NAD
Revenue Recognition Analyst Accounting and Finance 275,800 NAD
Risk Management Director Accounting and Finance 351,900 NAD
Risk Management Supervisor Accounting and Finance 301,700 NAD
Staff Accountant Accounting and Finance 139,100 NAD
Tax Accountant Accounting and Finance 137,400 NAD
Tax Administrator Accounting and Finance 154,700 NAD
Tax Advisor Accounting and Finance 231,000 NAD
Tax Analyst Accounting and Finance 217,900 NAD
Tax Associate Accounting and Finance 129,000 NAD
Tax Consultant Accounting and Finance 239,000 NAD
Tax Director Accounting and Finance 330,900 NAD
Tax Examiner Accounting and Finance 150,000 NAD
Tax Manager Accounting and Finance 299,500 NAD
Tax Research Manager Accounting and Finance 314,500 NAD
Teller Accounting and Finance 85,760 NAD
Treasury Accountant Accounting and Finance 152,300 NAD
Treasury Analyst Accounting and Finance 240,500 NAD
Underwriter Accounting and Finance 105,800 NAD
Underwriting Assistant Accounting and Finance 95,620 NAD
Vice President of Finance Accounting and Finance 386,400 NAD

Salary Comparison by City

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

City Average Salary
Windhoek 466,300 NAD

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Finance Director Salary in Namibia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-finance-director-salary-in-namibia/.

  • "Average Finance Director Salary in Namibia for 2024". World Salaries, https://worldsalaries.com/average-finance-director-salary-in-namibia/. Accessed 28 March, 2024

  • Average Finance Director Salary in Namibia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-finance-director-salary-in-namibia/.