Average Global Forwarding Agent Salary in Cape Verde for 2024

In this article, we will look at the average Global Forwarding Agent salary for 2024 in Cape Verde 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 Cape Verdean escudo. To keep things simple, we are using the CVE currency code instead of the currency symbol Esc.

How Much Does a Global Forwarding Agent Make in Cape Verde?

A Global Forwarding Agent working in Cape Verde will typically earn around 1,728,900 CVE per year, and this can range from the lowest average salary of about 794,900 CVE to the highest average salary of 2,748,900 CVE.

Average Annual Salary
1,728,900 CVE
Average Monthly Salary
144,075 CVE

Lowest Annual Salary
794,900 CVE
Lowest Monthly Salary
66,241 CVE

Highest Annual Salary
2,748,900 CVE
Highest Monthly Salary
229,075 CVE

These are average salaries for a Global Forwarding Agent in Cape Verde and include benefits such as housing and transport. It's also possible for a Global Forwarding Agent to earn more or less than the average salaries shown above.

Global Forwarding Agent 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 Global Forwarding Agent Salaries in Cape Verde

So we've looked at the average salaries a Global Forwarding Agent will earn in Cape Verde. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Global Forwarding Agent can earn between 794,900 CVE and 2,748,900 CVE on average in Cape Verde. 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 Global Forwarding Agent in Cape Verde is 1,870,400 CVE. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,870,400 CVE, and 50% of the population earn more than 1,870,400 CVE.

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 Global Forwarding Agent salary in Cape Verde, 25% of the population are earning less than 1,198,200 CVE while 75% of the population earn more than 1,198,200 CVE.

75% of the population earn less than 2,495,600 CVE, and 25% of the population earn more than 2,495,600 CVE.

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.

Global Forwarding Agent Salary by Experience Level in Cape Verde

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 global forwarding agent 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 Global Forwarding Agent in Cape Verde that has less than two years of experience can expect to earn somewhere in the region of 903,500 CVE.
  • 2 - 5 Years Experience. With two to five years of experience the average Global Forwarding Agent salary would increase to 1,198,300 CVE.
  • 5 - 10 Years Experience. From five to ten years of experience as a Global Forwarding Agent, the average salary would be 1,788,300 CVE.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,173,000 CVE.
  • 15 - 20 Years Experience. A Global Forwarding Agent with 15 to 20 years of experience can earn an average of 2,362,300 CVE.
  • 20+ Years Experience. For a Global Forwarding Agent with more than 20 years, the expected average salary increases to 2,566,100 CVE.

Average Salary by Experience Chart

0-2 Years
903,500 CVE
2-5 Years +34%
1,198,300 CVE
5-10 Years +48%
1,788,300 CVE
10-15 Years +22%
2,173,000 CVE
15-20 Years +9%
2,362,300 CVE
20+ Years +8%
2,566,100 CVE

Global Forwarding Agent Salary by Education Level in Cape Verde

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 Global Forwarding Agent in Cape Verde 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 Global Forwarding Agent in Cape Verde with a high school education can earn an average salary of 1,030,200 CVE.

  • Certificate or Diploma. A Global Forwarding Agent in Cape Verde with a certificate or diploma education can earn an average salary of 1,621,400 CVE.

  • Bachelor's Degree. A Global Forwarding Agent in Cape Verde with a bachelor's degree education can earn an average salary of 2,711,900 CVE.

Average Salary by Education Chart

High School
1,030,200 CVE
Certificate or Diploma +57%
1,621,400 CVE
Bachelor's Degree +68%
2,711,900 CVE

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 Cape Verde is around 1,020,000 to 3,060,000 CVE 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.

Global Forwarding Agent 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 Cape Verde, a male global forwarding agent will earn an average of 1,858,200 CVE, while a female global forwarding agent will earn around 1,606,100 CVE.

This means that a male global forwarding agent earns approximately 16% more than a female global forwarding agent for performing the same job.

Average Salary by Gender Chart in Cape Verde

Male
1,858,200 CVE
Female -16%
1,606,100 CVE

Global Forwarding Agent Average Pay Raise in Cape Verde

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 Global Forwarding Agent in Cape Verde is around 5% every 30 months.

The national average pay raise across all professions and industries in Cape Verde 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 = ( 5 ÷ 30 ) × 12  = 2%

What this means is that a Global Forwarding Agent in Cape Verde can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Cape Verde for 2024

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

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%

Global Forwarding Agent Bonus and Incentive Rates in Cape Verde

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 Global Forwarding Agent is a low bonus based job, with 16% of employees reporting at least one bonus in the last 12 months.

84% 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
16%
No Bonus
84%

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 Cape Verde earn approximately 14% more than private sector employees in the same role.

Public Sector
2,653,700 CVE
Private Sector -14%
2,327,100 CVE

Salaries for Jobs Similar to a Global Forwarding Agent

In the table below, we have salary information for jobs that are similar to a Global Forwarding Agent in Cape Verde.

Job Title Category Salary
Customs Controller Import and Export 1,655,500 CVE
Expeditor Import and Export 1,537,500 CVE
Export Administrator Import and Export 2,254,400 CVE
Export Controller Import and Export 1,524,300 CVE
Export Executive Import and Export 2,254,400 CVE
Export Logistics Manager Import and Export 3,253,900 CVE
Export Logistics Specialist Import and Export 2,281,800 CVE
Export Services Manager Import and Export 3,359,900 CVE
Export Specialist Import and Export 1,800,200 CVE
Export Supervisor Import and Export 2,242,500 CVE
Exports Sales Manager Import and Export 3,622,400 CVE
Freight Forwarder Import and Export 854,300 CVE
Immigration and Customs Inspector Import and Export 1,259,300 CVE
Import and Export Clerk Import and Export 781,200 CVE
Import and Export Consultant Import and Export 3,071,100 CVE
Import and Export Manager Import and Export 3,898,100 CVE
Import and Procurement Manager Import and Export 3,805,100 CVE
Import Coordinator Import and Export 1,320,500 CVE
Import Customs Specialist Import and Export 1,632,100 CVE
Import Logistics Specialist Import and Export 1,788,300 CVE
Importation Supervisor Import and Export 2,485,800 CVE
Inspector Import and Export 1,391,600 CVE
Logistic Executive Import and Export 1,835,700 CVE
Logistician Import and Export 899,100 CVE
Logistics Administrator Import and Export 2,026,800 CVE
Logistics Analyst Import and Export 2,146,100 CVE
Logistics Specialist Import and Export 1,811,000 CVE
Marine Cargo Inspector Import and Export 1,224,800 CVE
Shipping Officer Import and Export 903,500 CVE

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