Average Financial Advisor Salary in Lesotho for 2024

In this article, we will look at the average Financial Advisor salary for 2024 in Lesotho 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 Lesotho loti. To keep things simple, we are using the LSL currency code instead of the currency symbol L.

How Much Does a Financial Advisor Make in Lesotho?

A Financial Advisor working in Lesotho will typically earn around 180,300 LSL per year, and this can range from the lowest average salary of about 86,640 LSL to the highest average salary of 279,400 LSL.

Average Annual Salary
180,300 LSL
Average Monthly Salary
15,025 LSL

Lowest Annual Salary
86,640 LSL
Lowest Monthly Salary
7,220 LSL

Highest Annual Salary
279,400 LSL
Highest Monthly Salary
23,283 LSL

These are average salaries for a Financial Advisor in Lesotho 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 Lesotho

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

Salary ranges

We already know that a Financial Advisor can earn between 86,640 LSL and 279,400 LSL on average in Lesotho. 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 Lesotho is 183,600 LSL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 183,600 LSL, and 50% of the population earn more than 183,600 LSL.

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 Lesotho, 25% of the population are earning less than 119,900 LSL while 75% of the population earn more than 119,900 LSL.

75% of the population earn less than 233,900 LSL, and 25% of the population earn more than 233,900 LSL.

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 Lesotho

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 Lesotho that has less than two years of experience can expect to earn somewhere in the region of 103,440 LSL.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Advisor salary would increase to 134,600 LSL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Advisor, the average salary would be 185,100 LSL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 228,000 LSL.
  • 15 - 20 Years Experience. A Financial Advisor with 15 to 20 years of experience can earn an average of 245,300 LSL.
  • 20+ Years Experience. For a Financial Advisor with more than 20 years, the expected average salary increases to 263,200 LSL.

Average Salary by Experience Chart

0-2 Years
103,440 LSL
2-5 Years +29%
134,600 LSL
5-10 Years +38%
185,100 LSL
10-15 Years +24%
228,000 LSL
15-20 Years +7%
245,300 LSL
20+ Years +7%
263,200 LSL

Financial Advisor Salary by Education Level in Lesotho

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 Lesotho 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 Lesotho with a high school education can earn an average salary of 102,460 LSL.

  • Certificate or Diploma. A Financial Advisor in Lesotho with a certificate or diploma education can earn an average salary of 119,700 LSL.

  • Bachelor's Degree. A Financial Advisor in Lesotho with a bachelor's degree education can earn an average salary of 152,000 LSL.

  • Master's Degree. A Financial Advisor in Lesotho with a master's degree education can earn an average salary of 233,600 LSL.

  • PhD. A Financial Advisor in Lesotho with a phd education can earn an average salary of 275,500 LSL.

Average Salary by Education Chart

High School
102,460 LSL
Certificate or Diploma +19%
119,700 LSL
Bachelor's Degree +27%
152,000 LSL
Master's Degree +53%
233,600 LSL
PhD +19%
275,500 LSL

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 Lesotho is around 58,700 to 176,000 LSL 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 Lesotho, a male financial advisor will earn an average of 187,300 LSL, while a female financial advisor will earn around 167,100 LSL.

This means that a male financial advisor earns approximately 12% more than a female financial advisor for performing the same job.

Average Salary by Gender Chart in Lesotho

Male
187,300 LSL
Female -12%
167,100 LSL

Financial Advisor Average Pay Raise in Lesotho

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 Lesotho is around 9% every 28 months.

The national average pay raise across all professions and industries in Lesotho is around 5% every 28 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 Financial Advisor in Lesotho can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Lesotho for 2024

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

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%

Financial Advisor Bonus and Incentive Rates in Lesotho

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 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 5% to 9%.

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 Lesotho earn approximately 13% more than private sector employees in the same role.

Public Sector
152,000 LSL
Private Sector -13%
134,600 LSL

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 Lesotho.

Job Title Category Salary
Account Examiner Accounting and Finance 73,980 LSL
Account Executive Accounting and Finance 129,000 LSL
Accountant Accounting and Finance 101,920 LSL
Accounting Analyst Accounting and Finance 125,100 LSL
Accounting Assistant Accounting and Finance 80,340 LSL
Accounting Associate Accounting and Finance 72,780 LSL
Accounting Clerk Accounting and Finance 62,060 LSL
Accounting Coordinator Accounting and Finance 91,560 LSL
Accounting Head Accounting and Finance 204,700 LSL
Accounting Manager Accounting and Finance 209,700 LSL
Accounting Officer Accounting and Finance 77,620 LSL
Accounting Specialist Accounting and Finance 143,200 LSL
Accounting Supervisor Accounting and Finance 142,300 LSL
Accounting Technician Accounting and Finance 67,320 LSL
Accounting Unit Controller Accounting and Finance 172,400 LSL
Accounts Executive Accounting and Finance 127,700 LSL
Accounts Officer Accounting and Finance 74,560 LSL
Accounts Payable and Receivable Specialist Accounting and Finance 99,920 LSL
Accounts Payable Assistant Accounting and Finance 79,600 LSL
Accounts Payable Associate Accounting and Finance 90,620 LSL
Accounts Payable Clerk Accounting and Finance 73,980 LSL
Accounts Payable Manager Accounting and Finance 204,700 LSL
Accounts Receivable Administrator Accounting and Finance 152,300 LSL
Accounts Receivable Clerk Accounting and Finance 79,280 LSL
Accounts Receivable Financial Analyst Accounting and Finance 142,300 LSL
Accounts Receivable Manager Accounting and Finance 187,300 LSL
Accounts Receivable Team Leader Accounting and Finance 152,300 LSL
Assistant Accountant Accounting and Finance 80,180 LSL
Assistant Accounting Manager Accounting and Finance 189,300 LSL
Assistant Auditor Accounting and Finance 104,080 LSL
Assistant Corporate Controller Accounting and Finance 143,200 LSL
Assistant Finance Manager Accounting and Finance 212,500 LSL
Assistant Financial Controller Accounting and Finance 138,200 LSL
Audit Director Accounting and Finance 239,000 LSL
Audit Supervisor Accounting and Finance 176,800 LSL
Auditing Clerk Accounting and Finance 74,560 LSL
Auditing Manager Accounting and Finance 217,900 LSL
Billing Clerk Accounting and Finance 80,340 LSL
Billing Coordinator Accounting and Finance 89,800 LSL
Billing Specialist Accounting and Finance 107,820 LSL
Billing Supervisor Accounting and Finance 152,300 LSL
Bookkeeper Accounting and Finance 66,180 LSL
Bookkeeping Specialist Accounting and Finance 93,220 LSL
Budget Analyst Accounting and Finance 180,500 LSL
Budget Manager Accounting and Finance 197,600 LSL
Business Support Analyst Accounting and Finance 116,180 LSL
Capital Markets Associate Accounting and Finance 152,000 LSL
Cash Flow Analyst Accounting and Finance 150,000 LSL
Cash Management Manager Accounting and Finance 197,600 LSL
Cash Management Officer Accounting and Finance 115,940 LSL
Cashbook Clerk Accounting and Finance 66,680 LSL
Chartered Accountant Accounting and Finance 134,600 LSL
Chief Accountant Accounting and Finance 157,600 LSL
Collections Clerk Accounting and Finance 61,840 LSL
Collections Representative Accounting and Finance 88,620 LSL
Collections Specialist Accounting and Finance 106,600 LSL
Corporate Controller Accounting and Finance 152,300 LSL
Corporate Treasurer Accounting and Finance 200,000 LSL
Cost Accountant Accounting and Finance 98,440 LSL
Cost Accounting Manager Accounting and Finance 192,600 LSL
Cost Accounting Supervisor Accounting and Finance 157,600 LSL
Cost Analyst Accounting and Finance 158,700 LSL
Credit and Collection Manager Accounting and Finance 191,600 LSL
Credit and Collection Staff Accounting and Finance 80,340 LSL
Credit and Loans Officer Accounting and Finance 73,820 LSL
Credit Controller Accounting and Finance 142,300 LSL
Credit Manager Accounting and Finance 212,500 LSL
Debt Adviser Accounting and Finance 161,600 LSL
Debt Collector Accounting and Finance 80,840 LSL
Debtors Clerk Accounting and Finance 73,260 LSL
Debtors Controller Accounting and Finance 77,620 LSL
Deputy CFO Accounting and Finance 275,800 LSL
Deputy Head of Finance Accounting and Finance 288,100 LSL
Derivative Trader Accounting and Finance 176,800 LSL
Director of Finance Accounting and Finance 301,700 LSL
Economist Accounting and Finance 231,000 LSL
Equity Analyst Accounting and Finance 174,000 LSL
Escrow Assistant Accounting and Finance 93,780 LSL
Executive Accountant Accounting and Finance 114,380 LSL
External Auditor Accounting and Finance 136,200 LSL
Finance Administrator Accounting and Finance 117,100 LSL
Finance Analyst Accounting and Finance 172,200 LSL
Finance Associate Accounting and Finance 88,620 LSL
Finance Director Accounting and Finance 301,700 LSL
Finance Executive Accounting and Finance 204,000 LSL
Finance Licensing Clerk Accounting and Finance 73,820 LSL
Finance Licensing Manager Accounting and Finance 195,200 LSL
Finance Licensing Specialist Accounting and Finance 114,820 LSL
Finance Manager Accounting and Finance 294,300 LSL
Finance Officer Accounting and Finance 99,560 LSL
Finance President Accounting and Finance 301,700 LSL
Finance Relationship Manager Accounting and Finance 227,600 LSL
Finance Release Analyst Accounting and Finance 115,940 LSL
Finance Specialist Accounting and Finance 159,400 LSL
Finance Team Leader Accounting and Finance 225,700 LSL
Financial Accountant Accounting and Finance 104,080 LSL
Financial Actuary Accounting and Finance 159,400 LSL
Financial Administrator Accounting and Finance 161,600 LSL
Financial Analyst Accounting and Finance 187,500 LSL
Financial Applications Specialist Accounting and Finance 128,900 LSL
Financial Assistant Accounting and Finance 79,600 LSL
Financial Associate Accounting and Finance 80,840 LSL
Financial Associate Accounting and Finance 97,640 LSL
Financial Claims Analyst Accounting and Finance 128,900 LSL
Financial Claims Manager Accounting and Finance 176,800 LSL
Financial Claims Supervisor Accounting and Finance 168,100 LSL
Financial Clerk Accounting and Finance 78,940 LSL
Financial Commercial Analyst Accounting and Finance 150,000 LSL
Financial Compliance Analyst Accounting and Finance 157,600 LSL
Financial Consultant Accounting and Finance 138,800 LSL
Financial Controller Accounting and Finance 158,700 LSL
Financial Controller Accounting and Finance 168,100 LSL
Financial Coordinator Accounting and Finance 91,380 LSL
Financial Customer Service Manager Accounting and Finance 192,000 LSL
Financial Dealer and Broker Accounting and Finance 108,080 LSL
Financial Director Accounting and Finance 283,700 LSL
Financial Encoder Accounting and Finance 88,240 LSL
Financial Manager Accounting and Finance 272,800 LSL
Financial Manager Accounting and Finance 283,400 LSL
Financial Operations Manager Accounting and Finance 263,200 LSL
Financial Policy Analyst Accounting and Finance 161,300 LSL
Financial Project Manager Accounting and Finance 197,600 LSL
Financial Quantitative Analyst Accounting and Finance 176,800 LSL
Financial Reporting Consultant Accounting and Finance 150,000 LSL
Financial Reporting Manager Accounting and Finance 200,000 LSL
Financial Section Head Accounting and Finance 200,000 LSL
Financial Services Manager Accounting and Finance 263,200 LSL
Financial Services Sales Agent Accounting and Finance 106,780 LSL
Fixed Assets Administrator Accounting and Finance 107,820 LSL
Forensic Accountant Accounting and Finance 117,100 LSL
Fraud Detection Supervisor Accounting and Finance 117,440 LSL
Fraud Prevention Manager Accounting and Finance 201,100 LSL
Fund Accountant Accounting and Finance 97,640 LSL
Grants Coordinator Accounting and Finance 74,620 LSL
Group Financial Manager Accounting and Finance 294,300 LSL
Internal Auditor Accounting and Finance 130,400 LSL
Internal Control Adviser Accounting and Finance 152,000 LSL
Internal Control Officer Accounting and Finance 86,520 LSL
International Tax Director Accounting and Finance 233,600 LSL
Inventory Accountant Accounting and Finance 107,820 LSL
Investment Advisor Accounting and Finance 273,000 LSL
Investment Analyst Accounting and Finance 207,800 LSL
Investment Associate Accounting and Finance 174,000 LSL
Investment Broker Accounting and Finance 161,300 LSL
Investment Fund Manager Accounting and Finance 215,100 LSL
Investment Operations Manager Accounting and Finance 221,500 LSL
Investment Underwriter Accounting and Finance 85,460 LSL
Investor Accounting and Finance 136,200 LSL
Investor Relations Manager Accounting and Finance 194,600 LSL
KYC Team Leader Accounting and Finance 204,700 LSL
Loan Processor Accounting and Finance 80,340 LSL
Management Accountant Accounting and Finance 115,080 LSL
Management Economist Accounting and Finance 225,300 LSL
Paymaster Accounting and Finance 83,420 LSL
Payroll Administrator Accounting and Finance 125,700 LSL
Payroll Benefits Coordinator Accounting and Finance 107,860 LSL
Payroll Billing Manager Accounting and Finance 183,700 LSL
Payroll Clerk Accounting and Finance 86,520 LSL
Payroll Manager Accounting and Finance 183,700 LSL
Payroll Officer Accounting and Finance 88,300 LSL
Payroll Specialist Accounting and Finance 107,860 LSL
Payroll Supervisor Accounting and Finance 128,900 LSL
Pensions Administrator Accounting and Finance 103,900 LSL
Personal Financial Advisor Accounting and Finance 151,800 LSL
Pricing Analyst Accounting and Finance 168,100 LSL
Private Equity Analyst Accounting and Finance 183,600 LSL
Project Accountant Accounting and Finance 109,340 LSL
Proposal Development Coordinator Accounting and Finance 84,560 LSL
Receivables Accountant Accounting and Finance 92,500 LSL
Regulatory Accountant Accounting and Finance 112,620 LSL
Retirement Plan Analyst Accounting and Finance 152,300 LSL
Revenue Management Specialist Accounting and Finance 161,600 LSL
Revenue Recognition Analyst Accounting and Finance 190,500 LSL
Risk Management Director Accounting and Finance 239,300 LSL
Risk Management Supervisor Accounting and Finance 204,700 LSL
Staff Accountant Accounting and Finance 100,580 LSL
Tax Accountant Accounting and Finance 96,160 LSL
Tax Administrator Accounting and Finance 109,340 LSL
Tax Advisor Accounting and Finance 159,400 LSL
Tax Analyst Accounting and Finance 148,300 LSL
Tax Associate Accounting and Finance 88,240 LSL
Tax Consultant Accounting and Finance 158,700 LSL
Tax Director Accounting and Finance 232,400 LSL
Tax Examiner Accounting and Finance 102,960 LSL
Tax Manager Accounting and Finance 212,500 LSL
Tax Research Manager Accounting and Finance 195,200 LSL
Teller Accounting and Finance 60,480 LSL
Treasury Accountant Accounting and Finance 106,500 LSL
Treasury Analyst Accounting and Finance 159,400 LSL
Underwriter Accounting and Finance 66,180 LSL
Underwriting Assistant Accounting and Finance 66,820 LSL
Vice President of Finance Accounting and Finance 265,000 LSL

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