Average Financial Assistant Salary in Solomon Islands for 2024

In this article, we will look at the average Financial Assistant salary for 2024 in Solomon Islands 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 Solomon Islands dollar. To keep things simple, we are using the SBD currency code instead of the currency symbol $.

How Much Does a Financial Assistant Make in Solomon Islands?

A Financial Assistant working in Solomon Islands will typically earn around 43,220 SBD per year, and this can range from the lowest average salary of about 21,980 SBD to the highest average salary of 66,820 SBD.

Average Annual Salary
43,220 SBD
Average Monthly Salary
3,601 SBD

Lowest Annual Salary
21,980 SBD
Lowest Monthly Salary
1,831 SBD

Highest Annual Salary
66,820 SBD
Highest Monthly Salary
5,568 SBD

These are average salaries for a Financial Assistant in Solomon Islands 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 Solomon Islands

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

Salary ranges

We already know that a Financial Assistant can earn between 21,980 SBD and 66,820 SBD on average in Solomon Islands. 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 Solomon Islands is 41,980 SBD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 41,980 SBD, and 50% of the population earn more than 41,980 SBD.

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 Solomon Islands, 25% of the population are earning less than 26,400 SBD while 75% of the population earn more than 26,400 SBD.

75% of the population earn less than 49,820 SBD, and 25% of the population earn more than 49,820 SBD.

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 Solomon Islands

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 Solomon Islands that has less than two years of experience can expect to earn somewhere in the region of 27,040 SBD.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Assistant salary would increase to 33,120 SBD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Assistant, the average salary would be 46,840 SBD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 51,800 SBD.
  • 15 - 20 Years Experience. A Financial Assistant with 15 to 20 years of experience can earn an average of 59,480 SBD.
  • 20+ Years Experience. For a Financial Assistant with more than 20 years, the expected average salary increases to 60,840 SBD.

Average Salary by Experience Chart

0-2 Years
27,040 SBD
2-5 Years +23%
33,120 SBD
5-10 Years +42%
46,840 SBD
10-15 Years +17%
51,800 SBD
15-20 Years +10%
59,480 SBD
20+ Years +6%
60,840 SBD

Financial Assistant Salary by Education Level in Solomon Islands

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 Solomon Islands 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 Solomon Islands with a high school education can earn an average salary of 33,120 SBD.

  • Certificate or Diploma. A Financial Assistant in Solomon Islands with a certificate or diploma education can earn an average salary of 44,540 SBD.

  • Bachelor's Degree. A Financial Assistant in Solomon Islands with a bachelor's degree education can earn an average salary of 64,040 SBD.

Average Salary by Education Chart

High School
33,120 SBD
Certificate or Diploma +40%
44,540 SBD
Bachelor's Degree +42%
64,040 SBD

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 Solomon Islands is around 31,700 to 95,200 SBD 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 Solomon Islands, a male financial assistant will earn an average of 44,720 SBD, while a female financial assistant will earn around 38,620 SBD.

This means that a male financial assistant earns approximately 16% more than a female financial assistant for performing the same job.

Average Salary by Gender Chart in Solomon Islands

Male
44,720 SBD
Female -16%
38,620 SBD

Financial Assistant Average Pay Raise in Solomon Islands

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 Solomon Islands is around 7% every 28 months.

The national average pay raise across all professions and industries in Solomon Islands 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 Solomon Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Solomon Islands for 2024

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

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 Assistant Bonus and Incentive Rates in Solomon Islands

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 8% of employees reporting at least one bonus in the last 12 months.

92% 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 1% to 3%.

Received Bonus
8%
No Bonus
92%

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 Solomon Islands earn approximately 9% more than private sector employees in the same role.

Public Sector
78,400 SBD
Private Sector -9%
72,120 SBD

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 Solomon Islands.

Job Title Category Salary
Account Examiner Accounting and Finance 36,720 SBD
Account Executive Accounting and Finance 64,720 SBD
Accountant Accounting and Finance 45,580 SBD
Accounting Analyst Accounting and Finance 66,580 SBD
Accounting Assistant Accounting and Finance 38,260 SBD
Accounting Associate Accounting and Finance 39,160 SBD
Accounting Clerk Accounting and Finance 31,940 SBD
Accounting Coordinator Accounting and Finance 45,000 SBD
Accounting Head Accounting and Finance 101,900 SBD
Accounting Manager Accounting and Finance 114,380 SBD
Accounting Officer Accounting and Finance 40,560 SBD
Accounting Specialist Accounting and Finance 70,600 SBD
Accounting Supervisor Accounting and Finance 71,660 SBD
Accounting Technician Accounting and Finance 36,160 SBD
Accounting Unit Controller Accounting and Finance 88,020 SBD
Accounts Executive Accounting and Finance 65,800 SBD
Accounts Officer Accounting and Finance 42,320 SBD
Accounts Payable and Receivable Specialist Accounting and Finance 52,460 SBD
Accounts Payable Assistant Accounting and Finance 40,560 SBD
Accounts Payable Associate Accounting and Finance 45,720 SBD
Accounts Payable Clerk Accounting and Finance 38,700 SBD
Accounts Payable Manager Accounting and Finance 105,620 SBD
Accounts Receivable Administrator Accounting and Finance 73,260 SBD
Accounts Receivable Clerk Accounting and Finance 37,880 SBD
Accounts Receivable Financial Analyst Accounting and Finance 72,740 SBD
Accounts Receivable Manager Accounting and Finance 103,820 SBD
Accounts Receivable Team Leader Accounting and Finance 75,280 SBD
Assistant Accountant Accounting and Finance 39,960 SBD
Assistant Accounting Manager Accounting and Finance 96,960 SBD
Assistant Auditor Accounting and Finance 49,200 SBD
Assistant Corporate Controller Accounting and Finance 72,780 SBD
Assistant Finance Manager Accounting and Finance 106,820 SBD
Assistant Financial Controller Accounting and Finance 72,780 SBD
Audit Director Accounting and Finance 116,960 SBD
Audit Supervisor Accounting and Finance 96,500 SBD
Auditing Clerk Accounting and Finance 42,320 SBD
Auditing Manager Accounting and Finance 107,880 SBD
Billing Clerk Accounting and Finance 36,700 SBD
Billing Coordinator Accounting and Finance 46,400 SBD
Billing Specialist Accounting and Finance 53,320 SBD
Billing Supervisor Accounting and Finance 80,480 SBD
Bookkeeper Accounting and Finance 34,960 SBD
Bookkeeping Specialist Accounting and Finance 48,640 SBD
Budget Analyst Accounting and Finance 90,540 SBD
Budget Manager Accounting and Finance 107,580 SBD
Business Support Analyst Accounting and Finance 56,460 SBD
Capital Markets Associate Accounting and Finance 73,820 SBD
Cash Flow Analyst Accounting and Finance 79,260 SBD
Cash Management Manager Accounting and Finance 104,600 SBD
Cash Management Officer Accounting and Finance 61,180 SBD
Cashbook Clerk Accounting and Finance 36,940 SBD
Chartered Accountant Accounting and Finance 65,080 SBD
Chief Accountant Accounting and Finance 78,160 SBD
Collections Clerk Accounting and Finance 30,700 SBD
Collections Representative Accounting and Finance 45,620 SBD
Collections Specialist Accounting and Finance 51,120 SBD
Corporate Controller Accounting and Finance 80,500 SBD
Corporate Treasurer Accounting and Finance 98,540 SBD
Cost Accountant Accounting and Finance 51,340 SBD
Cost Accounting Manager Accounting and Finance 102,160 SBD
Cost Accounting Supervisor Accounting and Finance 80,520 SBD
Cost Analyst Accounting and Finance 81,960 SBD
Credit and Collection Manager Accounting and Finance 104,620 SBD
Credit and Collection Staff Accounting and Finance 38,780 SBD
Credit and Loans Officer Accounting and Finance 37,740 SBD
Credit Controller Accounting and Finance 70,940 SBD
Credit Manager Accounting and Finance 106,440 SBD
Debt Adviser Accounting and Finance 87,060 SBD
Debt Collector Accounting and Finance 43,340 SBD
Debtors Clerk Accounting and Finance 35,300 SBD
Debtors Controller Accounting and Finance 40,560 SBD
Deputy CFO Accounting and Finance 143,200 SBD
Deputy Head of Finance Accounting and Finance 143,200 SBD
Derivative Trader Accounting and Finance 88,300 SBD
Director of Finance Accounting and Finance 151,800 SBD
Economist Accounting and Finance 125,100 SBD
Equity Analyst Accounting and Finance 91,840 SBD
Escrow Assistant Accounting and Finance 47,180 SBD
Executive Accountant Accounting and Finance 55,820 SBD
External Auditor Accounting and Finance 73,100 SBD
Finance Administrator Accounting and Finance 57,440 SBD
Finance Analyst Accounting and Finance 91,380 SBD
Finance Associate Accounting and Finance 43,520 SBD
Finance Director Accounting and Finance 150,000 SBD
Finance Executive Accounting and Finance 110,340 SBD
Finance Licensing Clerk Accounting and Finance 38,260 SBD
Finance Licensing Manager Accounting and Finance 98,820 SBD
Finance Licensing Specialist Accounting and Finance 56,140 SBD
Finance Manager Accounting and Finance 142,300 SBD
Finance Officer Accounting and Finance 48,560 SBD
Finance President Accounting and Finance 148,300 SBD
Finance Relationship Manager Accounting and Finance 113,420 SBD
Finance Release Analyst Accounting and Finance 58,440 SBD
Finance Specialist Accounting and Finance 83,200 SBD
Finance Team Leader Accounting and Finance 116,540 SBD
Financial Accountant Accounting and Finance 51,120 SBD
Financial Actuary Accounting and Finance 75,980 SBD
Financial Administrator Accounting and Finance 80,640 SBD
Financial Advisor Accounting and Finance 93,120 SBD
Financial Analyst Accounting and Finance 96,160 SBD
Financial Applications Specialist Accounting and Finance 68,060 SBD
Financial Associate Accounting and Finance 42,460 SBD
Financial Associate Accounting and Finance 47,400 SBD
Financial Claims Analyst Accounting and Finance 71,020 SBD
Financial Claims Manager Accounting and Finance 93,280 SBD
Financial Claims Supervisor Accounting and Finance 84,560 SBD
Financial Clerk Accounting and Finance 39,800 SBD
Financial Commercial Analyst Accounting and Finance 69,060 SBD
Financial Compliance Analyst Accounting and Finance 87,020 SBD
Financial Consultant Accounting and Finance 69,540 SBD
Financial Controller Accounting and Finance 78,940 SBD
Financial Controller Accounting and Finance 82,520 SBD
Financial Coordinator Accounting and Finance 47,760 SBD
Financial Customer Service Manager Accounting and Finance 93,220 SBD
Financial Dealer and Broker Accounting and Finance 55,820 SBD
Financial Director Accounting and Finance 148,300 SBD
Financial Encoder Accounting and Finance 46,400 SBD
Financial Manager Accounting and Finance 136,200 SBD
Financial Manager Accounting and Finance 150,000 SBD
Financial Operations Manager Accounting and Finance 125,700 SBD
Financial Policy Analyst Accounting and Finance 79,260 SBD
Financial Project Manager Accounting and Finance 106,600 SBD
Financial Quantitative Analyst Accounting and Finance 86,800 SBD
Financial Reporting Consultant Accounting and Finance 70,700 SBD
Financial Reporting Manager Accounting and Finance 96,520 SBD
Financial Section Head Accounting and Finance 94,380 SBD
Financial Services Manager Accounting and Finance 136,200 SBD
Financial Services Sales Agent Accounting and Finance 54,560 SBD
Fixed Assets Administrator Accounting and Finance 50,560 SBD
Forensic Accountant Accounting and Finance 57,800 SBD
Fraud Detection Supervisor Accounting and Finance 64,300 SBD
Fraud Prevention Manager Accounting and Finance 105,620 SBD
Fund Accountant Accounting and Finance 49,300 SBD
Grants Coordinator Accounting and Finance 39,960 SBD
Group Financial Manager Accounting and Finance 150,000 SBD
Internal Auditor Accounting and Finance 71,020 SBD
Internal Control Adviser Accounting and Finance 83,020 SBD
Internal Control Officer Accounting and Finance 46,280 SBD
International Tax Director Accounting and Finance 124,400 SBD
Inventory Accountant Accounting and Finance 53,380 SBD
Investment Advisor Accounting and Finance 139,100 SBD
Investment Analyst Accounting and Finance 102,020 SBD
Investment Associate Accounting and Finance 82,520 SBD
Investment Broker Accounting and Finance 84,560 SBD
Investment Fund Manager Accounting and Finance 112,420 SBD
Investment Operations Manager Accounting and Finance 115,080 SBD
Investment Underwriter Accounting and Finance 44,180 SBD
Investor Accounting and Finance 65,800 SBD
Investor Relations Manager Accounting and Finance 103,900 SBD
KYC Team Leader Accounting and Finance 93,780 SBD
Loan Processor Accounting and Finance 41,900 SBD
Management Accountant Accounting and Finance 56,460 SBD
Management Economist Accounting and Finance 118,200 SBD
Paymaster Accounting and Finance 40,420 SBD
Payroll Administrator Accounting and Finance 65,920 SBD
Payroll Benefits Coordinator Accounting and Finance 58,520 SBD
Payroll Billing Manager Accounting and Finance 96,520 SBD
Payroll Clerk Accounting and Finance 45,600 SBD
Payroll Manager Accounting and Finance 92,720 SBD
Payroll Officer Accounting and Finance 47,120 SBD
Payroll Specialist Accounting and Finance 55,020 SBD
Payroll Supervisor Accounting and Finance 66,820 SBD
Pensions Administrator Accounting and Finance 52,300 SBD
Personal Financial Advisor Accounting and Finance 71,400 SBD
Pricing Analyst Accounting and Finance 85,880 SBD
Private Equity Analyst Accounting and Finance 84,580 SBD
Project Accountant Accounting and Finance 50,660 SBD
Proposal Development Coordinator Accounting and Finance 43,760 SBD
Receivables Accountant Accounting and Finance 45,600 SBD
Regulatory Accountant Accounting and Finance 57,320 SBD
Retirement Plan Analyst Accounting and Finance 80,500 SBD
Revenue Management Specialist Accounting and Finance 84,740 SBD
Revenue Recognition Analyst Accounting and Finance 89,340 SBD
Risk Management Director Accounting and Finance 119,900 SBD
Risk Management Supervisor Accounting and Finance 100,580 SBD
Staff Accountant Accounting and Finance 47,580 SBD
Tax Accountant Accounting and Finance 50,080 SBD
Tax Administrator Accounting and Finance 57,320 SBD
Tax Advisor Accounting and Finance 79,000 SBD
Tax Analyst Accounting and Finance 80,580 SBD
Tax Associate Accounting and Finance 44,540 SBD
Tax Consultant Accounting and Finance 83,420 SBD
Tax Director Accounting and Finance 119,700 SBD
Tax Examiner Accounting and Finance 52,180 SBD
Tax Manager Accounting and Finance 103,820 SBD
Tax Research Manager Accounting and Finance 104,600 SBD
Teller Accounting and Finance 30,700 SBD
Treasury Accountant Accounting and Finance 53,840 SBD
Treasury Analyst Accounting and Finance 88,580 SBD
Underwriter Accounting and Finance 35,260 SBD
Underwriting Assistant Accounting and Finance 34,480 SBD
Vice President of Finance Accounting and Finance 142,300 SBD

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