Average Financial Banking Assistant Salary in Central African Republic for 2024

In this article, we will look at the average Financial Banking Assistant salary for 2024 in Central African Republic 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 Central African CFA franc. To keep things simple, we are using the XAF currency code instead of the currency symbol Fr.

How Much Does a Financial Banking Assistant Make in Central African Republic?

A Financial Banking Assistant working in Central African Republic will typically earn around 2,844,200 XAF per year, and this can range from the lowest average salary of about 1,369,700 XAF to the highest average salary of 4,465,800 XAF.

Average Annual Salary
2,844,200 XAF
Average Monthly Salary
237,016 XAF

Lowest Annual Salary
1,369,700 XAF
Lowest Monthly Salary
114,141 XAF

Highest Annual Salary
4,465,800 XAF
Highest Monthly Salary
372,150 XAF

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

Financial Banking 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 Banking Assistant Salaries in Central African Republic

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

Salary ranges

We already know that a Financial Banking Assistant can earn between 1,369,700 XAF and 4,465,800 XAF on average in Central African Republic. 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 Banking Assistant in Central African Republic is 2,953,200 XAF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,953,200 XAF, and 50% of the population earn more than 2,953,200 XAF.

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 Banking Assistant salary in Central African Republic, 25% of the population are earning less than 1,942,700 XAF while 75% of the population earn more than 1,942,700 XAF.

75% of the population earn less than 3,863,700 XAF, and 25% of the population earn more than 3,863,700 XAF.

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 Banking Assistant Salary by Experience Level in Central African Republic

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 banking 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 Banking Assistant in Central African Republic that has less than two years of experience can expect to earn somewhere in the region of 1,594,500 XAF.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Banking Assistant salary would increase to 2,266,400 XAF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Banking Assistant, the average salary would be 2,976,900 XAF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,659,400 XAF.
  • 15 - 20 Years Experience. A Financial Banking Assistant with 15 to 20 years of experience can earn an average of 3,889,500 XAF.
  • 20+ Years Experience. For a Financial Banking Assistant with more than 20 years, the expected average salary increases to 4,260,400 XAF.

Average Salary by Experience Chart

0-2 Years
1,594,500 XAF
2-5 Years +42%
2,266,400 XAF
5-10 Years +31%
2,976,900 XAF
10-15 Years +23%
3,659,400 XAF
15-20 Years +6%
3,889,500 XAF
20+ Years +10%
4,260,400 XAF

Financial Banking Assistant Salary by Education Level in Central African Republic

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 Banking Assistant in Central African Republic based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Financial Banking Assistant in Central African Republic with a bachelor's degree education can earn an average salary of 2,508,300 XAF.

  • Master's Degree. A Financial Banking Assistant in Central African Republic with a master's degree education can earn an average salary of 3,601,500 XAF.

Average Salary by Education Chart

Bachelor's Degree
2,508,300 XAF
Master's Degree +43%
3,601,500 XAF

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 Central African Republic is around 2,160,000 to 6,490,000 XAF 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 Banking 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 Central African Republic, a male financial banking assistant will earn an average of 3,035,200 XAF, while a female financial banking assistant will earn around 2,759,700 XAF.

This means that a male financial banking assistant earns approximately 10% more than a female financial banking assistant for performing the same job.

Average Salary by Gender Chart in Central African Republic

Male
3,035,200 XAF
Female -10%
2,759,700 XAF

Financial Banking Assistant Average Pay Raise in Central African Republic

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 Banking Assistant in Central African Republic is around 7% every 27 months.

The national average pay raise across all professions and industries in Central African Republic 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 ÷ 27 ) × 12  = 3%

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

Annual Pay Raise by Industry in Central African Republic for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Financial Banking Assistant Bonus and Incentive Rates in Central African Republic

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 Banking Assistant is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% 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 3% to 6%.

Received Bonus
38%
No Bonus
62%

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 Central African Republic earn approximately 7% more than private sector employees in the same role.

Public Sector
5,351,400 XAF
Private Sector -7%
4,981,700 XAF

Salaries for Jobs Similar to a Financial Banking Assistant

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

Job Title Category Salary
AML Analyst Banking 7,872,400 XAF
Assistant Bank Branch Manager Banking 6,635,400 XAF
Assistant Bank Manager Banking 9,239,600 XAF
ATM Manager Banking 7,356,900 XAF
ATM Service Technician Banking 2,110,600 XAF
Bank Accounts Analyst Banking 3,035,200 XAF
Bank Accounts Collector Banking 1,825,000 XAF
Bank Accounts Controller Banking 3,898,100 XAF
Bank Accounts Executive Banking 6,011,900 XAF
Bank Accounts Manager Banking 6,577,500 XAF
Bank Auditing Manager Banking 7,093,500 XAF
Bank Branch Manager Banking 9,610,800 XAF
Bank Branch Operations Coordinator Banking 4,297,400 XAF
Bank Clerk Banking 1,825,000 XAF
Bank Client Service Associate Banking 2,508,300 XAF
Bank Collector Banking 1,800,200 XAF
Bank Compliance Specialist Banking 4,690,500 XAF
Bank Manager Banking 10,680,800 XAF
Bank Operational Risk Manager Banking 10,306,800 XAF
Bank Operations Head Banking 11,113,100 XAF
Bank Operations Officer Banking 4,570,300 XAF
Bank Operations Specialist Banking 6,958,900 XAF
Bank Process Manager Banking 6,193,900 XAF
Bank Product Manager Banking 7,369,700 XAF
Bank Programme Manager Banking 7,246,500 XAF
Bank Project Manager Banking 8,590,400 XAF
Bank Propositions Manager Banking 7,930,200 XAF
Bank Quantitative Analyst Banking 5,461,900 XAF
Bank Regional Manager Banking 11,772,100 XAF
Bank Regional Risk Officer Banking 5,747,700 XAF
Bank Relationship Manager Banking 8,134,400 XAF
Bank Relationship Officer Banking 3,912,600 XAF
Bank Teller Banking 2,015,600 XAF
Banker Banking 3,959,700 XAF
Banking Business Analyst Banking 5,794,900 XAF
Banking Business Development Officer Banking 3,553,500 XAF
Banking Business Planning Executive Banking 7,860,600 XAF
Banking Product Manager Banking 6,745,700 XAF
Banking Reference Data Manager Banking 6,011,900 XAF
Banking Risk Analyst Banking 5,579,400 XAF
Banking Technical Analyst Banking 2,953,200 XAF
Bankruptcy Coordinator Banking 3,898,100 XAF
Bill and Account Collector Banking 1,990,300 XAF
Budget Analyst Banking 5,698,400 XAF
Capital Risk Manager Banking 10,560,900 XAF
Cards Marketing Manager Banking 7,150,200 XAF
Cash Management Manager Banking 10,344,200 XAF
Check Processing Manager Banking 7,211,600 XAF
Commercial Vault Associate Banking 5,651,400 XAF
Corporate Banker Banking 4,260,400 XAF
Corporate Dealer Banking 5,818,100 XAF
Credit Analyst Banking 4,429,300 XAF
Credit and Collections Manager Banking 8,004,700 XAF
Credit Card Fraud Investigator Banking 5,784,200 XAF
Credit Portfolio Manager Banking 10,403,600 XAF
Credit Risk Analyst Banking 6,505,500 XAF
Credit Risk Associate Banking 6,382,300 XAF
Direct Bank Sales Representative Banking 4,129,300 XAF
Exchange Control Consultant Banking 5,747,700 XAF
Executive Account Analyst Banking 5,628,400 XAF
Financial Bank Planning Consultant Banking 7,297,800 XAF
Financial Banking Analysis Manager Banking 8,425,800 XAF
Financial Banking Systems Manager Banking 7,669,900 XAF
Foreign Exchange Manager Banking 8,545,000 XAF
Fraud Analyst Banking 6,168,300 XAF
Fraud Detection Associate Banking 3,984,100 XAF
Fraud Detection Manager Banking 8,902,700 XAF
Fraud Detection Supervisor Banking 5,017,100 XAF
Internal Bank Audit Manager Banking 10,282,900 XAF
Internal Bank Auditor Banking 5,698,400 XAF
Internal Private Banker Banking 3,996,300 XAF
International Banking Manager Banking 11,341,600 XAF
Investment Banking Analyst Banking 8,425,800 XAF
Loan Analyst Banking 5,806,300 XAF
Loan Area Manager Banking 6,850,500 XAF
Loan Audit Team Leader Banking 6,407,600 XAF
Loan Branch Manager Banking 6,613,100 XAF
Loan Business Development Officer Banking 3,359,900 XAF
Loan Clerk Banking 2,052,200 XAF
Loan Collection and Recovery Manager Banking 6,804,900 XAF
Loan Collection Manager Banking 6,529,400 XAF
Loan Collector Banking 1,930,500 XAF
Loan Examiner Banking 2,423,000 XAF
Loan Officer Banking 2,076,600 XAF
Loan Processing Manager Banking 6,251,400 XAF
Loan Processor Banking 2,460,900 XAF
Loan Quality Assurance Auditor Banking 5,761,400 XAF
Loan Quality Assurance Manager Banking 6,670,600 XAF
Loan Quality Assurance Representative Banking 4,201,000 XAF
Loan Review Manager Banking 6,600,900 XAF
Loan Team Leader Banking 5,555,200 XAF
Loans Manager Banking 7,618,900 XAF
Mortgage Advisor Banking 3,984,100 XAF
Mortgage Collection Manager Banking 6,997,000 XAF
Mortgage Collector Banking 1,835,700 XAF
Mortgage Credit Analyst Banking 3,118,900 XAF
Mortgage Credit Manager Banking 6,179,700 XAF
Mortgage Development Manager Banking 7,381,700 XAF
Mortgage Document Reviewer Banking 2,617,900 XAF
Mortgage Funding Manager Banking 7,321,700 XAF
Mortgage Operations Manager Banking 9,841,900 XAF
Mortgage Payment Processing Clerk Banking 2,254,400 XAF
Mortgage Processing Manager Banking 6,745,700 XAF
Mortgage Processor Banking 2,495,600 XAF
Mortgage Quality Assurance Auditor Banking 5,518,700 XAF
Mortgage Quality Assurance Manager Banking 6,577,500 XAF
Mortgage Servicing Clerk Banking 2,015,600 XAF
Mortgage Servicing Manager Banking 6,011,900 XAF
Mortgage Underwriter Banking 2,314,800 XAF
Online Banking Manager Banking 10,044,200 XAF
Payment Processing Clerk Banking 1,930,500 XAF
Personal Banker Banking 3,970,700 XAF
Personal Banking Advisor Banking 4,282,500 XAF
Phone Banker Banking 2,711,900 XAF
Private Banker Banking 4,102,700 XAF
Reconciliation and Investigation Specialist Banking 4,475,900 XAF
Tax Officer Banking 3,421,600 XAF
Teller Banking 1,980,600 XAF
Trade Officer Banking 2,423,000 XAF
Trade Product Manager Banking 6,539,600 XAF
Trader Banking 2,854,700 XAF
Treasury Operations Officer Banking 5,017,100 XAF

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