Average Insurance Appraiser Salary in Ethiopia for 2024

In this article, we will look at the average Insurance Appraiser salary for 2024 in Ethiopia 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 Ethiopian birr. To keep things simple, we are using the ETB currency code instead of the currency symbol Br.

How Much Does an Insurance Appraiser Make in Ethiopia?

An Insurance Appraiser working in Ethiopia will typically earn around 106,980 ETB per year, and this can range from the lowest average salary of about 58,200 ETB to the highest average salary of 164,200 ETB.

Average Annual Salary
106,980 ETB
Average Monthly Salary
8,915 ETB

Lowest Annual Salary
58,200 ETB
Lowest Monthly Salary
4,850 ETB

Highest Annual Salary
164,200 ETB
Highest Monthly Salary
13,683 ETB

These are average salaries for an Insurance Appraiser in Ethiopia and include benefits such as housing and transport. It's also possible for an Insurance Appraiser to earn more or less than the average salaries shown above.

Insurance Appraiser 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 Insurance Appraiser Salaries in Ethiopia

So we've looked at the average salaries an Insurance Appraiser will earn in Ethiopia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Insurance Appraiser can earn between 58,200 ETB and 164,200 ETB on average in Ethiopia. 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 an Insurance Appraiser in Ethiopia is 103,260 ETB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 103,260 ETB, and 50% of the population earn more than 103,260 ETB.

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 Insurance Appraiser salary in Ethiopia, 25% of the population are earning less than 70,840 ETB while 75% of the population earn more than 70,840 ETB.

75% of the population earn less than 128,500 ETB, and 25% of the population earn more than 128,500 ETB.

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.

Insurance Appraiser Salary by Experience Level in Ethiopia

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 insurance appraiser 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. An Insurance Appraiser in Ethiopia that has less than two years of experience can expect to earn somewhere in the region of 63,480 ETB.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Appraiser salary would increase to 85,440 ETB.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Appraiser, the average salary would be 112,420 ETB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 136,200 ETB.
  • 15 - 20 Years Experience. An Insurance Appraiser with 15 to 20 years of experience can earn an average of 148,300 ETB.
  • 20+ Years Experience. For an Insurance Appraiser with more than 20 years, the expected average salary increases to 157,600 ETB.

Average Salary by Experience Chart

0-2 Years
63,480 ETB
2-5 Years +34%
85,440 ETB
5-10 Years +30%
112,420 ETB
10-15 Years +21%
136,200 ETB
15-20 Years +9%
148,300 ETB
20+ Years +5%
157,600 ETB

Insurance Appraiser Salary by Education Level in Ethiopia

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 an Insurance Appraiser in Ethiopia 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. An Insurance Appraiser in Ethiopia with a certificate or diploma education can earn an average salary of 80,020 ETB.

  • Bachelor's Degree. An Insurance Appraiser in Ethiopia with a bachelor's degree education can earn an average salary of 146,200 ETB.

Average Salary by Education Chart

Certificate or Diploma
80,020 ETB
Bachelor's Degree +80%
146,200 ETB

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 Ethiopia is around 44,500 to 133,000 ETB 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.

Insurance Appraiser 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 Ethiopia, a male insurance appraiser will earn an average of 116,540 ETB, while a female insurance appraiser will earn around 103,440 ETB.

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

Average Salary by Gender Chart in Ethiopia

Male
116,540 ETB
Female -13%
103,440 ETB

Insurance Appraiser Average Pay Raise in Ethiopia

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 an Insurance Appraiser in Ethiopia is around 7% every 29 months.

The national average pay raise across all professions and industries in Ethiopia 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 ÷ 29 ) × 12  = 3%

What this means is that an Insurance Appraiser in Ethiopia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Ethiopia for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Insurance Appraiser Bonus and Incentive Rates in Ethiopia

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.

An Insurance Appraiser is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% 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
10%
No Bonus
90%

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 Ethiopia earn approximately 15% more than private sector employees in the same role.

Public Sector
113,780 ETB
Private Sector -15%
99,080 ETB

Salaries for Jobs Similar to an Insurance Appraiser

In the table below, we have salary information for jobs that are similar to an Insurance Appraiser in Ethiopia.

Job Title Category Salary
Actuarial Analyst Insurance 136,100 ETB
Actuarial Assistant Insurance 102,020 ETB
Actuarial Specialist Insurance 98,120 ETB
Actuary Insurance 148,300 ETB
Adjustment Insurance Clerk Insurance 40,140 ETB
Assistant Broker Insurance 66,100 ETB
Assistant Claims Manager Insurance 107,580 ETB
Associate Insurance Representative Insurance 55,840 ETB
Auditing Insurance Manager Insurance 151,800 ETB
Broker Insurance 111,240 ETB
Claim Advocacy Professional Insurance 109,740 ETB
Claims Adjuster Insurance 41,980 ETB
Claims Analyst Insurance 53,160 ETB
Claims Examiner Insurance 52,380 ETB
Claims Manager Insurance 152,300 ETB
Claims Processor Insurance 40,420 ETB
Claims Representative Insurance 47,720 ETB
Claims Resolution Specialist Insurance 112,000 ETB
Claims Supervisor Insurance 102,460 ETB
Complaints Specialist Insurance 97,460 ETB
Compliance Examiner Insurance 100,580 ETB
Compliance Officer Insurance 87,040 ETB
Compliance Reviewer Insurance 94,940 ETB
Consultant Insurance 104,060 ETB
Eligibility Interviewer Insurance 114,820 ETB
Eligibility Specialist Insurance 107,880 ETB
Insurance Account Manager Insurance 125,100 ETB
Insurance Accounts Executive Insurance 109,720 ETB
Insurance Adjuster Insurance 93,340 ETB
Insurance Agent Insurance 61,840 ETB
Insurance Analyst Insurance 104,500 ETB
Insurance Claims Clerk Insurance 39,800 ETB
Insurance Examiner Insurance 92,720 ETB
Insurance Investigator Insurance 104,080 ETB
Insurance Manager Insurance 175,900 ETB
Insurance Operations Manager Insurance 180,300 ETB
Insurance Policy Processing Clerk Insurance 40,240 ETB
Insurance Pricing Assistant Insurance 82,200 ETB
Insurance Program Manager Insurance 134,600 ETB
Insurance Project Manager Insurance 136,100 ETB
Insurance Quality Assurance Agent Insurance 94,800 ETB
Insurance Sales Agent Insurance 60,340 ETB
Insurance Sales Director Insurance 176,800 ETB
Insurance Sales Manager Insurance 137,400 ETB
Insurance Sales Representative Insurance 57,900 ETB
Insurance Team Leader Insurance 109,000 ETB
Insurance Underwriter Insurance 80,480 ETB
Loss Control Specialist Insurance 103,900 ETB
Loss Prevention Investigator Insurance 105,940 ETB
Loss Prevention Manager Insurance 146,200 ETB
Loss Prevention Specialist Insurance 112,180 ETB
Marine Underwriter Insurance 76,540 ETB
Medical Auditor Insurance 105,880 ETB
Monitoring and Performance Officer Insurance 70,840 ETB
Payment Services Specialist Insurance 104,600 ETB
Policy Change Director Insurance 159,500 ETB
Policy Change Supervisor Insurance 118,060 ETB
Policy Change Technician Insurance 51,400 ETB
Risk Analyst Insurance 110,340 ETB
Risk Management Director Insurance 207,700 ETB
Risk Management Supervisor Insurance 128,500 ETB
Risk Manager Insurance 187,300 ETB
Risk Modeling Manager Insurance 201,100 ETB
Title Insurance Typist Insurance 84,580 ETB
Training Manager Insurance 116,180 ETB

Salary Comparison by City

If you want to compare salaries with different cities in Ethiopia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Adis Abeba 113,280 ETB
Gonder 102,160 ETB
Mekele 96,500 ETB

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