Average Financial Assistant Salary in Laos for 2024

In this article, we will look at the average Financial Assistant salary for 2024 in Laos 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 Lao kip. To keep things simple, we are using the LAK currency code instead of the currency symbol โ‚ญ.

How Much Does a Financial Assistant Make in Laos?

A Financial Assistant working in Laos will typically earn around 32,519,500 LAK per year, and this can range from the lowest average salary of about 15,001,200 LAK to the highest average salary of 51,719,500 LAK.

Average Annual Salary
32,519,500 LAK
Average Monthly Salary
2,709,958 LAK

Lowest Annual Salary
15,001,200 LAK
Lowest Monthly Salary
1,250,100 LAK

Highest Annual Salary
51,719,500 LAK
Highest Monthly Salary
4,309,958 LAK

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

Financial 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 Financial Assistant Salaries in Laos

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

Salary ranges

We already know that a Financial Assistant can earn between 15,001,200 LAK and 51,719,500 LAK on average in Laos. 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 Assistant in Laos is 35,159,900 LAK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 35,159,900 LAK, and 50% of the population earn more than 35,159,900 LAK.

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 Assistant salary in Laos, 25% of the population are earning less than 22,558,900 LAK while 75% of the population earn more than 22,558,900 LAK.

75% of the population earn less than 46,921,300 LAK, and 25% of the population earn more than 46,921,300 LAK.

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 Assistant Salary by Experience Level in Laos

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 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. A Financial Assistant in Laos that has less than two years of experience can expect to earn somewhere in the region of 17,039,100 LAK.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Assistant salary would increase to 22,681,800 LAK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Assistant, the average salary would be 33,599,200 LAK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 40,921,600 LAK.
  • 15 - 20 Years Experience. A Financial Assistant with 15 to 20 years of experience can earn an average of 44,641,600 LAK.
  • 20+ Years Experience. For a Financial Assistant with more than 20 years, the expected average salary increases to 48,239,000 LAK.

Average Salary by Experience Chart

0-2 Years
17,039,100 LAK
2-5 Years +34%
22,681,800 LAK
5-10 Years +48%
33,599,200 LAK
10-15 Years +22%
40,921,600 LAK
15-20 Years +9%
44,641,600 LAK
20+ Years +8%
48,239,000 LAK

Financial Assistant Salary by Education Level in Laos

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 Assistant in Laos 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 Assistant in Laos with a high school education can earn an average salary of 19,439,300 LAK.

  • Certificate or Diploma. A Financial Assistant in Laos with a certificate or diploma education can earn an average salary of 30,479,000 LAK.

  • Bachelor's Degree. A Financial Assistant in Laos with a bachelor's degree education can earn an average salary of 50,998,800 LAK.

Average Salary by Education Chart

High School
19,439,300 LAK
Certificate or Diploma +57%
30,479,000 LAK
Bachelor's Degree +68%
50,998,800 LAK

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 Laos is around 22,700,000 to 68,200,000 LAK 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 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 Laos, a male financial assistant will earn an average of 34,561,900 LAK, while a female financial assistant will earn around 30,479,000 LAK.

This means that a male financial assistant earns approximately 13% more than a female financial assistant for performing the same job.

Average Salary by Gender Chart in Laos

Male
34,561,900 LAK
Female -13%
30,479,000 LAK

Financial Assistant Average Pay Raise in Laos

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 Assistant in Laos is around 7% every 28 months.

The national average pay raise across all professions and industries in Laos 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 = ( 7 ÷ 28 ) × 12  = 3%

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

Annual Pay Raise by Industry in Laos for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Financial Assistant Bonus and Incentive Rates in Laos

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 Assistant is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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 0% to 4%.

Received Bonus
15%
No Bonus
85%

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 Laos earn approximately 25% more than private sector employees in the same role.

Public Sector
60,598,100 LAK
Private Sector -25%
48,601,200 LAK

Salaries for Jobs Similar to a Financial Assistant

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

Job Title Category Salary
Account Examiner Accounting and Finance 29,278,200 LAK
Account Executive Accounting and Finance 49,801,000 LAK
Accountant Accounting and Finance 39,241,100 LAK
Accounting Analyst Accounting and Finance 47,158,400 LAK
Accounting Assistant Accounting and Finance 31,201,500 LAK
Accounting Associate Accounting and Finance 28,318,900 LAK
Accounting Clerk Accounting and Finance 24,000,900 LAK
Accounting Coordinator Accounting and Finance 35,039,300 LAK
Accounting Head Accounting and Finance 78,960,300 LAK
Accounting Manager Accounting and Finance 81,240,300 LAK
Accounting Officer Accounting and Finance 29,041,200 LAK
Accounting Specialist Accounting and Finance 53,879,800 LAK
Accounting Supervisor Accounting and Finance 56,041,700 LAK
Accounting Technician Accounting and Finance 28,560,900 LAK
Accounting Unit Controller Accounting and Finance 65,401,000 LAK
Accounts Executive Accounting and Finance 49,198,300 LAK
Accounts Officer Accounting and Finance 31,678,800 LAK
Accounts Payable and Receivable Specialist Accounting and Finance 41,878,100 LAK
Accounts Payable Assistant Accounting and Finance 31,320,700 LAK
Accounts Payable Associate Accounting and Finance 36,480,500 LAK
Accounts Payable Clerk Accounting and Finance 28,919,800 LAK
Accounts Payable Manager Accounting and Finance 78,241,300 LAK
Accounts Receivable Administrator Accounting and Finance 57,598,800 LAK
Accounts Receivable Clerk Accounting and Finance 29,881,100 LAK
Accounts Receivable Financial Analyst Accounting and Finance 55,440,900 LAK
Accounts Receivable Manager Accounting and Finance 79,558,700 LAK
Accounts Receivable Team Leader Accounting and Finance 56,158,300 LAK
Assistant Accountant Accounting and Finance 28,801,400 LAK
Assistant Accounting Manager Accounting and Finance 71,280,900 LAK
Assistant Auditor Accounting and Finance 40,921,600 LAK
Assistant Corporate Controller Accounting and Finance 52,319,400 LAK
Assistant Finance Manager Accounting and Finance 85,681,300 LAK
Assistant Financial Controller Accounting and Finance 51,361,500 LAK
Audit Director Accounting and Finance 86,398,400 LAK
Audit Supervisor Accounting and Finance 73,681,000 LAK
Auditing Clerk Accounting and Finance 31,678,800 LAK
Auditing Manager Accounting and Finance 81,359,100 LAK
Billing Clerk Accounting and Finance 30,001,600 LAK
Billing Coordinator Accounting and Finance 36,480,500 LAK
Billing Specialist Accounting and Finance 41,158,900 LAK
Billing Supervisor Accounting and Finance 62,879,900 LAK
Bookkeeper Accounting and Finance 24,841,800 LAK
Bookkeeping Specialist Accounting and Finance 39,001,000 LAK
Budget Analyst Accounting and Finance 66,240,600 LAK
Budget Manager Accounting and Finance 80,640,500 LAK
Business Support Analyst Accounting and Finance 46,080,100 LAK
Capital Markets Associate Accounting and Finance 59,878,400 LAK
Cash Flow Analyst Accounting and Finance 59,999,100 LAK
Cash Management Manager Accounting and Finance 80,040,700 LAK
Cash Management Officer Accounting and Finance 47,158,400 LAK
Cashbook Clerk Accounting and Finance 25,801,200 LAK
Chartered Accountant Accounting and Finance 48,239,000 LAK
Chief Accountant Accounting and Finance 58,079,300 LAK
Collections Clerk Accounting and Finance 24,718,600 LAK
Collections Representative Accounting and Finance 35,758,400 LAK
Collections Specialist Accounting and Finance 42,000,700 LAK
Corporate Controller Accounting and Finance 65,878,200 LAK
Corporate Treasurer Accounting and Finance 78,838,900 LAK
Cost Accountant Accounting and Finance 41,040,700 LAK
Cost Accounting Manager Accounting and Finance 75,360,300 LAK
Cost Accounting Supervisor Accounting and Finance 62,879,900 LAK
Cost Analyst Accounting and Finance 61,561,100 LAK
Credit and Collection Manager Accounting and Finance 78,121,700 LAK
Credit and Collection Staff Accounting and Finance 30,841,400 LAK
Credit and Loans Officer Accounting and Finance 28,439,500 LAK
Credit Controller Accounting and Finance 55,801,900 LAK
Credit Manager Accounting and Finance 83,280,400 LAK
Debt Adviser Accounting and Finance 62,400,200 LAK
Debt Collector Accounting and Finance 30,961,800 LAK
Debtors Clerk Accounting and Finance 26,040,800 LAK
Debtors Controller Accounting and Finance 29,041,200 LAK
Deputy CFO Accounting and Finance 111,001,800 LAK
Deputy Head of Finance Accounting and Finance 103,800,400 LAK
Derivative Trader Accounting and Finance 69,840,500 LAK
Director of Finance Accounting and Finance 111,001,800 LAK
Economist Accounting and Finance 95,759,900 LAK
Equity Analyst Accounting and Finance 71,641,100 LAK
Escrow Assistant Accounting and Finance 36,240,700 LAK
Executive Accountant Accounting and Finance 46,080,100 LAK
External Auditor Accounting and Finance 55,678,400 LAK
Finance Administrator Accounting and Finance 46,319,900 LAK
Finance Analyst Accounting and Finance 68,158,300 LAK
Finance Associate Accounting and Finance 35,039,300 LAK
Finance Director Accounting and Finance 121,199,300 LAK
Finance Executive Accounting and Finance 84,479,000 LAK
Finance Licensing Clerk Accounting and Finance 27,479,000 LAK
Finance Licensing Manager Accounting and Finance 74,161,900 LAK
Finance Licensing Specialist Accounting and Finance 42,719,800 LAK
Finance Manager Accounting and Finance 105,719,800 LAK
Finance Officer Accounting and Finance 37,078,800 LAK
Finance President Accounting and Finance 115,679,500 LAK
Finance Relationship Manager Accounting and Finance 94,079,900 LAK
Finance Release Analyst Accounting and Finance 43,321,300 LAK
Finance Specialist Accounting and Finance 63,599,700 LAK
Finance Team Leader Accounting and Finance 87,721,200 LAK
Financial Accountant Accounting and Finance 38,878,700 LAK
Financial Actuary Accounting and Finance 62,760,700 LAK
Financial Administrator Accounting and Finance 62,760,700 LAK
Financial Advisor Accounting and Finance 70,920,900 LAK
Financial Analyst Accounting and Finance 69,359,500 LAK
Financial Applications Specialist Accounting and Finance 49,678,100 LAK
Financial Associate Accounting and Finance 33,481,400 LAK
Financial Associate Accounting and Finance 37,919,200 LAK
Financial Claims Analyst Accounting and Finance 51,959,300 LAK
Financial Claims Manager Accounting and Finance 69,959,300 LAK
Financial Claims Supervisor Accounting and Finance 66,119,000 LAK
Financial Clerk Accounting and Finance 31,678,800 LAK
Financial Commercial Analyst Accounting and Finance 58,079,300 LAK
Financial Compliance Analyst Accounting and Finance 65,161,000 LAK
Financial Consultant Accounting and Finance 50,639,500 LAK
Financial Controller Accounting and Finance 65,041,800 LAK
Financial Controller Accounting and Finance 65,280,600 LAK
Financial Coordinator Accounting and Finance 36,960,300 LAK
Financial Customer Service Manager Accounting and Finance 74,279,700 LAK
Financial Dealer and Broker Accounting and Finance 40,921,600 LAK
Financial Director Accounting and Finance 121,199,300 LAK
Financial Encoder Accounting and Finance 33,119,100 LAK
Financial Manager Accounting and Finance 105,358,700 LAK
Financial Manager Accounting and Finance 107,400,700 LAK
Financial Operations Manager Accounting and Finance 101,400,600 LAK
Financial Policy Analyst Accounting and Finance 60,239,600 LAK
Financial Project Manager Accounting and Finance 78,241,300 LAK
Financial Quantitative Analyst Accounting and Finance 65,759,500 LAK
Financial Reporting Consultant Accounting and Finance 55,801,900 LAK
Financial Reporting Manager Accounting and Finance 74,279,700 LAK
Financial Section Head Accounting and Finance 78,479,700 LAK
Financial Services Manager Accounting and Finance 99,358,600 LAK
Financial Services Sales Agent Accounting and Finance 43,680,700 LAK
Fixed Assets Administrator Accounting and Finance 41,399,600 LAK
Forensic Accountant Accounting and Finance 47,401,700 LAK
Fraud Detection Supervisor Accounting and Finance 50,878,500 LAK
Fraud Prevention Manager Accounting and Finance 77,519,100 LAK
Fund Accountant Accounting and Finance 36,960,300 LAK
Grants Coordinator Accounting and Finance 29,161,000 LAK
Group Financial Manager Accounting and Finance 114,599,200 LAK
Internal Auditor Accounting and Finance 54,118,500 LAK
Internal Control Adviser Accounting and Finance 64,920,700 LAK
Internal Control Officer Accounting and Finance 33,119,100 LAK
International Tax Director Accounting and Finance 98,639,800 LAK
Inventory Accountant Accounting and Finance 40,321,500 LAK
Investment Advisor Accounting and Finance 105,358,700 LAK
Investment Analyst Accounting and Finance 79,079,700 LAK
Investment Associate Accounting and Finance 68,878,700 LAK
Investment Broker Accounting and Finance 68,398,200 LAK
Investment Fund Manager Accounting and Finance 84,238,600 LAK
Investment Operations Manager Accounting and Finance 92,400,700 LAK
Investment Underwriter Accounting and Finance 32,639,300 LAK
Investor Accounting and Finance 50,398,300 LAK
Investor Relations Manager Accounting and Finance 79,801,600 LAK
KYC Team Leader Accounting and Finance 78,960,300 LAK
Loan Processor Accounting and Finance 33,119,100 LAK
Management Accountant Accounting and Finance 42,601,100 LAK
Management Economist Accounting and Finance 92,400,700 LAK
Paymaster Accounting and Finance 32,398,700 LAK
Payroll Administrator Accounting and Finance 52,918,800 LAK
Payroll Benefits Coordinator Accounting and Finance 42,239,100 LAK
Payroll Billing Manager Accounting and Finance 71,039,200 LAK
Payroll Clerk Accounting and Finance 35,521,100 LAK
Payroll Manager Accounting and Finance 75,721,000 LAK
Payroll Officer Accounting and Finance 34,441,600 LAK
Payroll Specialist Accounting and Finance 41,878,100 LAK
Payroll Supervisor Accounting and Finance 48,721,100 LAK
Pensions Administrator Accounting and Finance 42,000,700 LAK
Personal Financial Advisor Accounting and Finance 61,441,300 LAK
Pricing Analyst Accounting and Finance 68,760,500 LAK
Private Equity Analyst Accounting and Finance 72,361,800 LAK
Project Accountant Accounting and Finance 43,438,200 LAK
Proposal Development Coordinator Accounting and Finance 35,279,300 LAK
Receivables Accountant Accounting and Finance 35,279,300 LAK
Regulatory Accountant Accounting and Finance 42,000,700 LAK
Retirement Plan Analyst Accounting and Finance 65,878,200 LAK
Revenue Management Specialist Accounting and Finance 63,000,700 LAK
Revenue Recognition Analyst Accounting and Finance 70,199,400 LAK
Risk Management Director Accounting and Finance 98,161,500 LAK
Risk Management Supervisor Accounting and Finance 74,279,700 LAK
Staff Accountant Accounting and Finance 39,241,100 LAK
Tax Accountant Accounting and Finance 38,878,700 LAK
Tax Administrator Accounting and Finance 44,641,600 LAK
Tax Advisor Accounting and Finance 57,961,400 LAK
Tax Analyst Accounting and Finance 58,919,600 LAK
Tax Associate Accounting and Finance 32,161,000 LAK
Tax Consultant Accounting and Finance 62,519,300 LAK
Tax Director Accounting and Finance 92,400,700 LAK
Tax Examiner Accounting and Finance 41,280,700 LAK
Tax Manager Accounting and Finance 78,000,700 LAK
Tax Research Manager Accounting and Finance 79,438,400 LAK
Teller Accounting and Finance 23,520,800 LAK
Treasury Accountant Accounting and Finance 41,280,700 LAK
Treasury Analyst Accounting and Finance 67,798,800 LAK
Underwriter Accounting and Finance 26,639,300 LAK
Underwriting Assistant Accounting and Finance 25,440,400 LAK
Vice President of Finance Accounting and Finance 113,281,500 LAK

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 Financial Assistant Salary in Laos for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-financial-assistant-salary-in-laos/.

  • "Average Financial Assistant Salary in Laos for 2024". World Salaries, https://worldsalaries.com/average-financial-assistant-salary-in-laos/. Accessed 28 March, 2024

  • Average Financial Assistant Salary in Laos for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-financial-assistant-salary-in-laos/.