Average Financial Advisor Salary in Herat, Afghanistan for 2024

In this article, we will look at the average Financial Advisor salary for 2024 in Herat 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 Afghan afghani. To keep things simple, we are using the AFN currency code instead of the currency symbol ุ‹.

How Much Does a Financial Advisor Make in Herat?

A Financial Advisor working in Herat will typically earn around 1,235,600 AFN per year, and this can range from the lowest average salary of about 631,200 AFN to the highest average salary of 1,908,800 AFN.

Average Annual Salary
1,235,600 AFN
Average Monthly Salary
102,966 AFN

Lowest Annual Salary
631,200 AFN
Lowest Monthly Salary
52,600 AFN

Highest Annual Salary
1,908,800 AFN
Highest Monthly Salary
159,066 AFN

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

Financial Advisor 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 Financial Advisor Salaries in Herat

So we've looked at the average salaries a Financial Advisor will earn in Herat. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Advisor can earn between 631,200 AFN and 1,908,800 AFN on average in Herat. 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 Financial Advisor in Herat is 1,212,800 AFN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,212,800 AFN, and 50% of the population earn more than 1,212,800 AFN.

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 Financial Advisor salary in Herat, 25% of the population are earning less than 832,100 AFN while 75% of the population earn more than 832,100 AFN.

75% of the population earn less than 1,537,500 AFN, and 25% of the population earn more than 1,537,500 AFN.

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.

Financial Advisor Salary by Experience Level in Herat

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 financial advisor 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 Financial Advisor in Herat that has less than two years of experience can expect to earn somewhere in the region of 707,700 AFN.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Advisor salary would increase to 925,900 AFN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Advisor, the average salary would be 1,296,900 AFN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,560,800 AFN.
  • 15 - 20 Years Experience. A Financial Advisor with 15 to 20 years of experience can earn an average of 1,693,600 AFN.
  • 20+ Years Experience. For a Financial Advisor with more than 20 years, the expected average salary increases to 1,825,000 AFN.

Average Salary by Experience Chart

0-2 Years
707,700 AFN
2-5 Years +31%
925,900 AFN
5-10 Years +40%
1,296,900 AFN
10-15 Years +20%
1,560,800 AFN
15-20 Years +9%
1,693,600 AFN
20+ Years +8%
1,825,000 AFN

Financial Advisor Salary by Education Level in Herat

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 Financial Advisor in Herat 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 Financial Advisor in Herat with a high school education can earn an average salary of 659,400 AFN.

  • Certificate or Diploma. A Financial Advisor in Herat with a certificate or diploma education can earn an average salary of 783,800 AFN.

  • Bachelor's Degree. A Financial Advisor in Herat with a bachelor's degree education can earn an average salary of 1,053,900 AFN.

  • Master's Degree. A Financial Advisor in Herat with a master's degree education can earn an average salary of 1,645,600 AFN.

  • PhD. A Financial Advisor in Herat with a phd education can earn an average salary of 1,858,200 AFN.

Average Salary by Education Chart

High School
659,400 AFN
Certificate or Diploma +19%
783,800 AFN
Bachelor's Degree +34%
1,053,900 AFN
Master's Degree +56%
1,645,600 AFN
PhD +13%
1,858,200 AFN

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 Afghanistan is around 389,000 to 1,170,000 AFN 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.

Financial Advisor 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 Herat, a male financial advisor will earn an average of 1,345,400 AFN, while a female financial advisor will earn around 1,136,700 AFN.

This means that a male financial advisor earns approximately 18% more than a female financial advisor for performing the same job.

Average Salary by Gender Chart in Herat

Male
1,345,400 AFN
Female -18%
1,136,700 AFN

Financial Advisor Average Pay Raise in Herat

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 Financial Advisor in Herat is around 8% every 29 months.

The national average pay raise across all professions and industries in Afghanistan 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 ÷ 29 ) × 12  = 3%

What this means is that a Financial Advisor in Herat can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Herat for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Financial Advisor Bonus and Incentive Rates in Herat

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 Financial Advisor is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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
60%
No Bonus
40%

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 Afghanistan earn approximately 11% more than private sector employees in the same role.

Public Sector
971,200 AFN
Private Sector -11%
878,900 AFN

Salaries for Jobs Similar to a Financial Advisor

In the table below, we have salary information for jobs that are similar to a Financial Advisor in Herat.

Job Title Category Salary
Account Examiner Accounting and Finance 501,400 AFN
Account Executive Accounting and Finance 890,100 AFN
Accountant Accounting and Finance 705,500 AFN
Accounting Analyst Accounting and Finance 810,500 AFN
Accounting Assistant Accounting and Finance 552,400 AFN
Accounting Associate Accounting and Finance 485,300 AFN
Accounting Clerk Accounting and Finance 417,200 AFN
Accounting Coordinator Accounting and Finance 602,700 AFN
Accounting Head Accounting and Finance 1,417,600 AFN
Accounting Manager Accounting and Finance 1,391,600 AFN
Accounting Officer Accounting and Finance 489,500 AFN
Accounting Specialist Accounting and Finance 899,100 AFN
Accounting Supervisor Accounting and Finance 929,700 AFN
Accounting Technician Accounting and Finance 480,600 AFN
Accounting Unit Controller Accounting and Finance 1,105,600 AFN
Accounts Executive Accounting and Finance 861,300 AFN
Accounts Officer Accounting and Finance 518,900 AFN
Accounts Payable and Receivable Specialist Accounting and Finance 713,900 AFN
Accounts Payable Assistant Accounting and Finance 576,500 AFN
Accounts Payable Associate Accounting and Finance 614,600 AFN
Accounts Payable Clerk Accounting and Finance 487,600 AFN
Accounts Payable Manager Accounting and Finance 1,296,900 AFN
Accounts Receivable Administrator Accounting and Finance 1,038,700 AFN
Accounts Receivable Clerk Accounting and Finance 489,600 AFN
Accounts Receivable Financial Analyst Accounting and Finance 918,500 AFN
Accounts Receivable Manager Accounting and Finance 1,273,300 AFN
Accounts Receivable Team Leader Accounting and Finance 1,011,300 AFN
Assistant Accountant Accounting and Finance 528,500 AFN
Assistant Accounting Manager Accounting and Finance 1,273,300 AFN
Assistant Auditor Accounting and Finance 693,100 AFN
Assistant Corporate Controller Accounting and Finance 906,500 AFN
Assistant Finance Manager Accounting and Finance 1,391,600 AFN
Assistant Financial Controller Accounting and Finance 906,500 AFN
Audit Director Accounting and Finance 1,594,500 AFN
Audit Supervisor Accounting and Finance 1,212,800 AFN
Auditing Clerk Accounting and Finance 518,900 AFN
Auditing Manager Accounting and Finance 1,380,400 AFN
Billing Clerk Accounting and Finance 539,700 AFN
Billing Coordinator Accounting and Finance 646,600 AFN
Billing Specialist Accounting and Finance 721,600 AFN
Billing Supervisor Accounting and Finance 1,016,300 AFN
Bookkeeper Accounting and Finance 437,900 AFN
Bookkeeping Specialist Accounting and Finance 656,800 AFN
Budget Analyst Accounting and Finance 1,147,500 AFN
Budget Manager Accounting and Finance 1,380,400 AFN
Business Support Analyst Accounting and Finance 780,600 AFN
Capital Markets Associate Accounting and Finance 1,048,100 AFN
Cash Flow Analyst Accounting and Finance 1,006,300 AFN
Cash Management Manager Accounting and Finance 1,320,500 AFN
Cash Management Officer Accounting and Finance 767,500 AFN
Cashbook Clerk Accounting and Finance 460,500 AFN
Chartered Accountant Accounting and Finance 855,200 AFN
Chief Accountant Accounting and Finance 986,700 AFN
Collections Clerk Accounting and Finance 440,200 AFN
Collections Representative Accounting and Finance 581,300 AFN
Collections Specialist Accounting and Finance 687,100 AFN
Corporate Controller Accounting and Finance 1,080,400 AFN
Corporate Treasurer Accounting and Finance 1,283,600 AFN
Cost Accountant Accounting and Finance 688,900 AFN
Cost Accounting Manager Accounting and Finance 1,345,400 AFN
Cost Accounting Supervisor Accounting and Finance 1,114,700 AFN
Cost Analyst Accounting and Finance 1,074,200 AFN
Credit and Collection Manager Accounting and Finance 1,333,900 AFN
Credit and Collection Staff Accounting and Finance 502,200 AFN
Credit and Loans Officer Accounting and Finance 489,600 AFN
Credit Controller Accounting and Finance 962,900 AFN
Credit Manager Accounting and Finance 1,405,700 AFN
Debt Adviser Accounting and Finance 1,088,600 AFN
Debt Collector Accounting and Finance 533,100 AFN
Debtors Clerk Accounting and Finance 478,000 AFN
Debtors Controller Accounting and Finance 489,500 AFN
Deputy CFO Accounting and Finance 1,835,700 AFN
Deputy Head of Finance Accounting and Finance 1,835,700 AFN
Derivative Trader Accounting and Finance 1,159,000 AFN
Director of Finance Accounting and Finance 2,038,500 AFN
Economist Accounting and Finance 1,547,500 AFN
Equity Analyst Accounting and Finance 1,181,200 AFN
Escrow Assistant Accounting and Finance 603,400 AFN
Executive Accountant Accounting and Finance 778,200 AFN
External Auditor Accounting and Finance 931,700 AFN
Finance Administrator Accounting and Finance 810,400 AFN
Finance Analyst Accounting and Finance 1,259,300 AFN
Finance Associate Accounting and Finance 603,400 AFN
Finance Director Accounting and Finance 2,052,200 AFN
Finance Executive Accounting and Finance 1,417,600 AFN
Finance Licensing Clerk Accounting and Finance 493,000 AFN
Finance Licensing Manager Accounting and Finance 1,306,100 AFN
Finance Licensing Specialist Accounting and Finance 743,300 AFN
Finance Manager Accounting and Finance 1,942,700 AFN
Finance Officer Accounting and Finance 652,200 AFN
Finance President Accounting and Finance 2,076,600 AFN
Finance Relationship Manager Accounting and Finance 1,645,600 AFN
Finance Release Analyst Accounting and Finance 765,100 AFN
Finance Specialist Accounting and Finance 1,152,700 AFN
Finance Team Leader Accounting and Finance 1,510,400 AFN
Financial Accountant Accounting and Finance 659,400 AFN
Financial Actuary Accounting and Finance 1,065,800 AFN
Financial Administrator Accounting and Finance 1,162,300 AFN
Financial Analyst Accounting and Finance 1,196,900 AFN
Financial Applications Specialist Accounting and Finance 825,900 AFN
Financial Assistant Accounting and Finance 531,700 AFN
Financial Associate Accounting and Finance 553,800 AFN
Financial Associate Accounting and Finance 667,400 AFN
Financial Claims Analyst Accounting and Finance 904,700 AFN
Financial Claims Manager Accounting and Finance 1,198,200 AFN
Financial Claims Supervisor Accounting and Finance 1,112,300 AFN
Financial Clerk Accounting and Finance 524,700 AFN
Financial Commercial Analyst Accounting and Finance 1,041,900 AFN
Financial Compliance Analyst Accounting and Finance 1,065,800 AFN
Financial Consultant Accounting and Finance 896,700 AFN
Financial Controller Accounting and Finance 1,053,900 AFN
Financial Controller Accounting and Finance 1,148,200 AFN
Financial Coordinator Accounting and Finance 631,200 AFN
Financial Customer Service Manager Accounting and Finance 1,235,600 AFN
Financial Dealer and Broker Accounting and Finance 717,900 AFN
Financial Director Accounting and Finance 2,076,600 AFN
Financial Encoder Accounting and Finance 559,000 AFN
Financial Manager Accounting and Finance 1,835,700 AFN
Financial Manager Accounting and Finance 1,846,200 AFN
Financial Operations Manager Accounting and Finance 1,788,300 AFN
Financial Policy Analyst Accounting and Finance 1,067,300 AFN
Financial Project Manager Accounting and Finance 1,391,600 AFN
Financial Quantitative Analyst Accounting and Finance 1,182,800 AFN
Financial Reporting Consultant Accounting and Finance 1,023,000 AFN
Financial Reporting Manager Accounting and Finance 1,320,500 AFN
Financial Section Head Accounting and Finance 1,333,900 AFN
Financial Services Manager Accounting and Finance 1,678,300 AFN
Financial Services Sales Agent Accounting and Finance 758,700 AFN
Fixed Assets Administrator Accounting and Finance 728,500 AFN
Forensic Accountant Accounting and Finance 829,000 AFN
Fraud Detection Supervisor Accounting and Finance 836,800 AFN
Fraud Prevention Manager Accounting and Finance 1,380,400 AFN
Fund Accountant Accounting and Finance 650,800 AFN
Grants Coordinator Accounting and Finance 498,000 AFN
Group Financial Manager Accounting and Finance 1,942,700 AFN
Internal Auditor Accounting and Finance 890,700 AFN
Internal Control Adviser Accounting and Finance 1,067,300 AFN
Internal Control Officer Accounting and Finance 590,200 AFN
International Tax Director Accounting and Finance 1,645,600 AFN
Inventory Accountant Accounting and Finance 712,100 AFN
Investment Advisor Accounting and Finance 1,825,000 AFN
Investment Analyst Accounting and Finance 1,345,400 AFN
Investment Associate Accounting and Finance 1,172,900 AFN
Investment Broker Accounting and Finance 1,142,900 AFN
Investment Fund Manager Accounting and Finance 1,560,800 AFN
Investment Operations Manager Accounting and Finance 1,524,300 AFN
Investment Underwriter Accounting and Finance 592,600 AFN
Investor Accounting and Finance 889,400 AFN
Investor Relations Manager Accounting and Finance 1,391,600 AFN
KYC Team Leader Accounting and Finance 1,391,600 AFN
Loan Processor Accounting and Finance 588,500 AFN
Management Accountant Accounting and Finance 767,000 AFN
Management Economist Accounting and Finance 1,606,100 AFN
Paymaster Accounting and Finance 581,000 AFN
Payroll Administrator Accounting and Finance 902,100 AFN
Payroll Benefits Coordinator Accounting and Finance 722,100 AFN
Payroll Billing Manager Accounting and Finance 1,196,900 AFN
Payroll Clerk Accounting and Finance 595,300 AFN
Payroll Manager Accounting and Finance 1,249,900 AFN
Payroll Officer Accounting and Finance 572,200 AFN
Payroll Specialist Accounting and Finance 683,400 AFN
Payroll Supervisor Accounting and Finance 874,500 AFN
Pensions Administrator Accounting and Finance 732,400 AFN
Personal Financial Advisor Accounting and Finance 1,057,100 AFN
Pricing Analyst Accounting and Finance 1,134,800 AFN
Private Equity Analyst Accounting and Finance 1,273,300 AFN
Project Accountant Accounting and Finance 767,400 AFN
Proposal Development Coordinator Accounting and Finance 614,600 AFN
Receivables Accountant Accounting and Finance 633,100 AFN
Regulatory Accountant Accounting and Finance 724,000 AFN
Retirement Plan Analyst Accounting and Finance 1,080,400 AFN
Revenue Management Specialist Accounting and Finance 1,122,500 AFN
Revenue Recognition Analyst Accounting and Finance 1,306,100 AFN
Risk Management Director Accounting and Finance 1,655,500 AFN
Risk Management Supervisor Accounting and Finance 1,369,700 AFN
Staff Accountant Accounting and Finance 665,300 AFN
Tax Accountant Accounting and Finance 627,900 AFN
Tax Administrator Accounting and Finance 724,000 AFN
Tax Advisor Accounting and Finance 1,023,400 AFN
Tax Analyst Accounting and Finance 1,025,100 AFN
Tax Associate Accounting and Finance 565,100 AFN
Tax Consultant Accounting and Finance 1,070,600 AFN
Tax Director Accounting and Finance 1,560,800 AFN
Tax Examiner Accounting and Finance 765,100 AFN
Tax Manager Accounting and Finance 1,405,700 AFN
Tax Research Manager Accounting and Finance 1,417,600 AFN
Teller Accounting and Finance 412,000 AFN
Treasury Accountant Accounting and Finance 719,100 AFN
Treasury Analyst Accounting and Finance 1,088,800 AFN
Underwriter Accounting and Finance 472,000 AFN
Underwriting Assistant Accounting and Finance 445,100 AFN
Vice President of Finance Accounting and Finance 1,858,200 AFN

Salary Comparison by City

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

City Average Salary
Jalalabad 1,235,600 AFN
Kabul 1,369,700 AFN
Kandahar 1,259,300 AFN
Kunduz 1,168,700 AFN
Mazari Sharif 1,196,900 AFN

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