Average Financial Section Head Salary in Brunei for 2024

In this article, we will look at the average Financial Section Head salary for 2024 in Brunei 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 Brunei dollar. To keep things simple, we are using the BND currency code instead of the currency symbol $.

How Much Does a Financial Section Head Make in Brunei?

A Financial Section Head working in Brunei will typically earn around 53,860 BND per year, and this can range from the lowest average salary of about 23,700 BND to the highest average salary of 80,640 BND.

Average Annual Salary
53,860 BND
Average Monthly Salary
4,488 BND

Lowest Annual Salary
23,700 BND
Lowest Monthly Salary
1,975 BND

Highest Annual Salary
80,640 BND
Highest Monthly Salary
6,720 BND

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

Financial Section Head 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 Section Head Salaries in Brunei

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

Salary ranges

We already know that a Financial Section Head can earn between 23,700 BND and 80,640 BND on average in Brunei. 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 Section Head in Brunei is 54,700 BND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 54,700 BND, and 50% of the population earn more than 54,700 BND.

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 Section Head salary in Brunei, 25% of the population are earning less than 34,380 BND while 75% of the population earn more than 34,380 BND.

75% of the population earn less than 72,780 BND, and 25% of the population earn more than 72,780 BND.

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 Section Head Salary by Experience Level in Brunei

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 section head 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 Section Head in Brunei that has less than two years of experience can expect to earn somewhere in the region of 29,320 BND.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Section Head salary would increase to 41,560 BND.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Section Head, the average salary would be 56,060 BND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 67,360 BND.
  • 15 - 20 Years Experience. A Financial Section Head with 15 to 20 years of experience can earn an average of 70,880 BND.
  • 20+ Years Experience. For a Financial Section Head with more than 20 years, the expected average salary increases to 78,620 BND.

Average Salary by Experience Chart

0-2 Years
29,320 BND
2-5 Years +42%
41,560 BND
5-10 Years +31%
56,060 BND
10-15 Years +23%
67,360 BND
15-20 Years +6%
70,880 BND
20+ Years +10%
78,620 BND

Financial Section Head Salary by Education Level in Brunei

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 Section Head in Brunei based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Financial Section Head in Brunei with a certificate or diploma education can earn an average salary of 36,020 BND.

  • Bachelor's Degree. A Financial Section Head in Brunei with a bachelor's degree education can earn an average salary of 58,240 BND.

  • Master's Degree. A Financial Section Head in Brunei with a master's degree education can earn an average salary of 79,280 BND.

Average Salary by Education Chart

Certificate or Diploma
36,020 BND
Bachelor's Degree +59%
58,240 BND
Master's Degree +33%
79,280 BND

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 Brunei is around 16,100 to 48,200 BND 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 Section Head 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 Brunei, a male financial section head will earn an average of 57,360 BND, while a female financial section head will earn around 50,520 BND.

This means that a male financial section head earns approximately 14% more than a female financial section head for performing the same job.

Average Salary by Gender Chart in Brunei

Male
57,360 BND
Female -14%
50,520 BND

Financial Section Head Average Pay Raise in Brunei

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 Section Head in Brunei is around 9% every 28 months.

The national average pay raise across all professions and industries in Brunei 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 Section Head in Brunei can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Brunei for 2024

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

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 Section Head Bonus and Incentive Rates in Brunei

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 Section Head is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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
65%
No Bonus
35%

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 Brunei earn approximately 6% more than private sector employees in the same role.

Public Sector
38,620 BND
Private Sector -6%
36,580 BND

Salaries for Jobs Similar to a Financial Section Head

In the table below, we have salary information for jobs that are similar to a Financial Section Head in Brunei.

Job Title Category Salary
Account Examiner Accounting and Finance 20,520 BND
Account Executive Accounting and Finance 35,520 BND
Accountant Accounting and Finance 25,720 BND
Accounting Analyst Accounting and Finance 32,900 BND
Accounting Assistant Accounting and Finance 19,980 BND
Accounting Associate Accounting and Finance 19,860 BND
Accounting Clerk Accounting and Finance 15,380 BND
Accounting Coordinator Accounting and Finance 23,480 BND
Accounting Head Accounting and Finance 56,100 BND
Accounting Manager Accounting and Finance 56,460 BND
Accounting Officer Accounting and Finance 20,940 BND
Accounting Specialist Accounting and Finance 39,080 BND
Accounting Supervisor Accounting and Finance 38,620 BND
Accounting Technician Accounting and Finance 19,480 BND
Accounting Unit Controller Accounting and Finance 48,340 BND
Accounts Executive Accounting and Finance 36,800 BND
Accounts Officer Accounting and Finance 21,400 BND
Accounts Payable and Receivable Specialist Accounting and Finance 29,540 BND
Accounts Payable Assistant Accounting and Finance 22,420 BND
Accounts Payable Associate Accounting and Finance 25,940 BND
Accounts Payable Clerk Accounting and Finance 19,060 BND
Accounts Payable Manager Accounting and Finance 57,080 BND
Accounts Receivable Administrator Accounting and Finance 37,880 BND
Accounts Receivable Clerk Accounting and Finance 21,540 BND
Accounts Receivable Financial Analyst Accounting and Finance 39,420 BND
Accounts Receivable Manager Accounting and Finance 52,300 BND
Accounts Receivable Team Leader Accounting and Finance 37,880 BND
Assistant Accountant Accounting and Finance 20,460 BND
Assistant Accounting Manager Accounting and Finance 50,520 BND
Assistant Auditor Accounting and Finance 26,100 BND
Assistant Corporate Controller Accounting and Finance 34,380 BND
Assistant Finance Manager Accounting and Finance 57,320 BND
Assistant Financial Controller Accounting and Finance 37,800 BND
Audit Director Accounting and Finance 64,920 BND
Audit Supervisor Accounting and Finance 48,920 BND
Auditing Clerk Accounting and Finance 21,400 BND
Auditing Manager Accounting and Finance 56,640 BND
Billing Clerk Accounting and Finance 20,940 BND
Billing Coordinator Accounting and Finance 25,940 BND
Billing Specialist Accounting and Finance 29,640 BND
Billing Supervisor Accounting and Finance 43,480 BND
Bookkeeper Accounting and Finance 20,300 BND
Bookkeeping Specialist Accounting and Finance 26,780 BND
Budget Analyst Accounting and Finance 43,760 BND
Budget Manager Accounting and Finance 54,560 BND
Business Support Analyst Accounting and Finance 29,600 BND
Capital Markets Associate Accounting and Finance 43,260 BND
Cash Flow Analyst Accounting and Finance 44,180 BND
Cash Management Manager Accounting and Finance 51,340 BND
Cash Management Officer Accounting and Finance 31,380 BND
Cashbook Clerk Accounting and Finance 20,120 BND
Chartered Accountant Accounting and Finance 36,160 BND
Chief Accountant Accounting and Finance 41,900 BND
Collections Clerk Accounting and Finance 15,300 BND
Collections Representative Accounting and Finance 23,480 BND
Collections Specialist Accounting and Finance 28,180 BND
Corporate Controller Accounting and Finance 44,180 BND
Corporate Treasurer Accounting and Finance 52,180 BND
Cost Accountant Accounting and Finance 26,860 BND
Cost Accounting Manager Accounting and Finance 56,100 BND
Cost Accounting Supervisor Accounting and Finance 46,280 BND
Cost Analyst Accounting and Finance 45,620 BND
Credit and Collection Manager Accounting and Finance 53,160 BND
Credit and Collection Staff Accounting and Finance 20,940 BND
Credit and Loans Officer Accounting and Finance 19,020 BND
Credit Controller Accounting and Finance 36,020 BND
Credit Manager Accounting and Finance 57,800 BND
Debt Adviser Accounting and Finance 45,720 BND
Debt Collector Accounting and Finance 20,000 BND
Debtors Clerk Accounting and Finance 19,480 BND
Debtors Controller Accounting and Finance 20,940 BND
Deputy CFO Accounting and Finance 70,600 BND
Deputy Head of Finance Accounting and Finance 75,100 BND
Derivative Trader Accounting and Finance 48,760 BND
Director of Finance Accounting and Finance 86,460 BND
Economist Accounting and Finance 63,040 BND
Equity Analyst Accounting and Finance 48,820 BND
Escrow Assistant Accounting and Finance 25,940 BND
Executive Accountant Accounting and Finance 31,340 BND
External Auditor Accounting and Finance 38,620 BND
Finance Administrator Accounting and Finance 34,980 BND
Finance Analyst Accounting and Finance 52,540 BND
Finance Associate Accounting and Finance 23,500 BND
Finance Director Accounting and Finance 80,520 BND
Finance Executive Accounting and Finance 58,440 BND
Finance Licensing Clerk Accounting and Finance 20,500 BND
Finance Licensing Manager Accounting and Finance 52,300 BND
Finance Licensing Specialist Accounting and Finance 26,860 BND
Finance Manager Accounting and Finance 78,260 BND
Finance Officer Accounting and Finance 26,500 BND
Finance President Accounting and Finance 78,260 BND
Finance Relationship Manager Accounting and Finance 68,060 BND
Finance Release Analyst Accounting and Finance 30,700 BND
Finance Specialist Accounting and Finance 45,580 BND
Finance Team Leader Accounting and Finance 61,460 BND
Financial Accountant Accounting and Finance 26,100 BND
Financial Actuary Accounting and Finance 40,600 BND
Financial Administrator Accounting and Finance 47,760 BND
Financial Advisor Accounting and Finance 50,240 BND
Financial Analyst Accounting and Finance 47,400 BND
Financial Applications Specialist Accounting and Finance 36,160 BND
Financial Assistant Accounting and Finance 20,000 BND
Financial Associate Accounting and Finance 21,640 BND
Financial Associate Accounting and Finance 29,040 BND
Financial Claims Analyst Accounting and Finance 34,280 BND
Financial Claims Manager Accounting and Finance 48,740 BND
Financial Claims Supervisor Accounting and Finance 45,000 BND
Financial Clerk Accounting and Finance 21,540 BND
Financial Commercial Analyst Accounting and Finance 40,240 BND
Financial Compliance Analyst Accounting and Finance 41,480 BND
Financial Consultant Accounting and Finance 37,740 BND
Financial Controller Accounting and Finance 43,520 BND
Financial Controller Accounting and Finance 44,540 BND
Financial Coordinator Accounting and Finance 25,940 BND
Financial Customer Service Manager Accounting and Finance 53,600 BND
Financial Dealer and Broker Accounting and Finance 31,940 BND
Financial Director Accounting and Finance 80,020 BND
Financial Encoder Accounting and Finance 24,820 BND
Financial Manager Accounting and Finance 74,620 BND
Financial Manager Accounting and Finance 75,220 BND
Financial Operations Manager Accounting and Finance 70,600 BND
Financial Policy Analyst Accounting and Finance 44,140 BND
Financial Project Manager Accounting and Finance 56,640 BND
Financial Quantitative Analyst Accounting and Finance 46,980 BND
Financial Reporting Consultant Accounting and Finance 40,640 BND
Financial Reporting Manager Accounting and Finance 52,820 BND
Financial Services Manager Accounting and Finance 69,260 BND
Financial Services Sales Agent Accounting and Finance 27,020 BND
Fixed Assets Administrator Accounting and Finance 30,800 BND
Forensic Accountant Accounting and Finance 34,980 BND
Fraud Detection Supervisor Accounting and Finance 31,980 BND
Fraud Prevention Manager Accounting and Finance 55,580 BND
Fund Accountant Accounting and Finance 29,040 BND
Grants Coordinator Accounting and Finance 21,540 BND
Group Financial Manager Accounting and Finance 79,240 BND
Internal Auditor Accounting and Finance 37,200 BND
Internal Control Adviser Accounting and Finance 40,600 BND
Internal Control Officer Accounting and Finance 22,400 BND
International Tax Director Accounting and Finance 66,840 BND
Inventory Accountant Accounting and Finance 30,800 BND
Investment Advisor Accounting and Finance 72,360 BND
Investment Analyst Accounting and Finance 55,140 BND
Investment Associate Accounting and Finance 47,180 BND
Investment Broker Accounting and Finance 45,720 BND
Investment Fund Manager Accounting and Finance 64,040 BND
Investment Operations Manager Accounting and Finance 57,440 BND
Investment Underwriter Accounting and Finance 22,540 BND
Investor Accounting and Finance 35,260 BND
Investor Relations Manager Accounting and Finance 51,800 BND
KYC Team Leader Accounting and Finance 55,220 BND
Loan Processor Accounting and Finance 24,840 BND
Management Accountant Accounting and Finance 29,640 BND
Management Economist Accounting and Finance 60,880 BND
Paymaster Accounting and Finance 20,460 BND
Payroll Administrator Accounting and Finance 34,380 BND
Payroll Benefits Coordinator Accounting and Finance 28,680 BND
Payroll Billing Manager Accounting and Finance 51,100 BND
Payroll Clerk Accounting and Finance 23,080 BND
Payroll Manager Accounting and Finance 47,400 BND
Payroll Officer Accounting and Finance 25,680 BND
Payroll Specialist Accounting and Finance 26,280 BND
Payroll Supervisor Accounting and Finance 34,960 BND
Pensions Administrator Accounting and Finance 27,620 BND
Personal Financial Advisor Accounting and Finance 38,340 BND
Pricing Analyst Accounting and Finance 45,060 BND
Private Equity Analyst Accounting and Finance 50,240 BND
Project Accountant Accounting and Finance 28,860 BND
Proposal Development Coordinator Accounting and Finance 24,280 BND
Receivables Accountant Accounting and Finance 27,020 BND
Regulatory Accountant Accounting and Finance 30,840 BND
Retirement Plan Analyst Accounting and Finance 44,180 BND
Revenue Management Specialist Accounting and Finance 45,620 BND
Revenue Recognition Analyst Accounting and Finance 50,520 BND
Risk Management Director Accounting and Finance 66,260 BND
Risk Management Supervisor Accounting and Finance 57,080 BND
Staff Accountant Accounting and Finance 26,080 BND
Tax Accountant Accounting and Finance 24,720 BND
Tax Administrator Accounting and Finance 30,800 BND
Tax Advisor Accounting and Finance 43,340 BND
Tax Analyst Accounting and Finance 39,560 BND
Tax Associate Accounting and Finance 22,400 BND
Tax Consultant Accounting and Finance 41,480 BND
Tax Director Accounting and Finance 64,180 BND
Tax Examiner Accounting and Finance 28,680 BND
Tax Manager Accounting and Finance 55,940 BND
Tax Research Manager Accounting and Finance 58,440 BND
Teller Accounting and Finance 16,340 BND
Treasury Accountant Accounting and Finance 28,900 BND
Treasury Analyst Accounting and Finance 47,180 BND
Underwriter Accounting and Finance 18,940 BND
Underwriting Assistant Accounting and Finance 17,740 BND
Vice President of Finance Accounting and Finance 71,400 BND

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 Section Head Salary in Brunei for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-financial-section-head-salary-in-brunei/.

  • "Average Financial Section Head Salary in Brunei for 2024". World Salaries, https://worldsalaries.com/average-financial-section-head-salary-in-brunei/. Accessed 28 March, 2024

  • Average Financial Section Head Salary in Brunei for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-financial-section-head-salary-in-brunei/.