Average Internal Control Officer Salary in Bhutan for 2024

In this article, we will look at the average Internal Control Officer salary for 2024 in Bhutan 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 Bhutanese ngultrum. To keep things simple, we are using the BTN currency code instead of the currency symbol Nu..

How Much Does an Internal Control Officer Make in Bhutan?

An Internal Control Officer working in Bhutan will typically earn around 265,000 BTN per year, and this can range from the lowest average salary of about 128,500 BTN to the highest average salary of 413,900 BTN.

Average Annual Salary
265,000 BTN
Average Monthly Salary
22,083 BTN

Lowest Annual Salary
128,500 BTN
Lowest Monthly Salary
10,708 BTN

Highest Annual Salary
413,900 BTN
Highest Monthly Salary
34,491 BTN

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

Internal Control Officer 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 Internal Control Officer Salaries in Bhutan

So we've looked at the average salaries an Internal Control Officer will earn in Bhutan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Internal Control Officer can earn between 128,500 BTN and 413,900 BTN on average in Bhutan. 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 Internal Control Officer in Bhutan is 272,800 BTN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 272,800 BTN, and 50% of the population earn more than 272,800 BTN.

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 Internal Control Officer salary in Bhutan, 25% of the population are earning less than 180,500 BTN while 75% of the population earn more than 180,500 BTN.

75% of the population earn less than 348,300 BTN, and 25% of the population earn more than 348,300 BTN.

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.

Internal Control Officer Salary by Experience Level in Bhutan

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 internal control officer 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 Internal Control Officer in Bhutan that has less than two years of experience can expect to earn somewhere in the region of 154,700 BTN.
  • 2 - 5 Years Experience. With two to five years of experience the average Internal Control Officer salary would increase to 197,600 BTN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Internal Control Officer, the average salary would be 275,200 BTN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 340,400 BTN.
  • 15 - 20 Years Experience. An Internal Control Officer with 15 to 20 years of experience can earn an average of 365,400 BTN.
  • 20+ Years Experience. For an Internal Control Officer with more than 20 years, the expected average salary increases to 386,400 BTN.

Average Salary by Experience Chart

0-2 Years
154,700 BTN
2-5 Years +29%
197,600 BTN
5-10 Years +38%
275,200 BTN
10-15 Years +24%
340,400 BTN
15-20 Years +7%
365,400 BTN
20+ Years +7%
386,400 BTN

Internal Control Officer Salary by Education Level in Bhutan

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 Internal Control Officer in Bhutan based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Internal Control Officer in Bhutan with a high school education can earn an average salary of 197,600 BTN.

  • Certificate or Diploma. An Internal Control Officer in Bhutan with a certificate or diploma education can earn an average salary of 282,300 BTN.

  • Bachelor's Degree. An Internal Control Officer in Bhutan with a bachelor's degree education can earn an average salary of 390,000 BTN.

Average Salary by Education Chart

High School
197,600 BTN
Certificate or Diploma +43%
282,300 BTN
Bachelor's Degree +38%
390,000 BTN

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 Bhutan is around 186,000 to 559,000 BTN 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.

Internal Control Officer 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 Bhutan, a male internal control officer will earn an average of 275,500 BTN, while a female internal control officer will earn around 251,500 BTN.

This means that a male internal control officer earns approximately 10% more than a female internal control officer for performing the same job.

Average Salary by Gender Chart in Bhutan

Male
275,500 BTN
Female -10%
251,500 BTN

Internal Control Officer Average Pay Raise in Bhutan

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 Internal Control Officer in Bhutan is around 7% every 28 months.

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

Annual Pay Raise by Industry in Bhutan for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Internal Control Officer Bonus and Incentive Rates in Bhutan

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 Internal Control Officer is a low bonus based job, with 12% of employees reporting at least one bonus in the last 12 months.

88% 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
12%
No Bonus
88%

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 Bhutan earn approximately 11% more than private sector employees in the same role.

Public Sector
478,000 BTN
Private Sector -11%
431,300 BTN

Salaries for Jobs Similar to an Internal Control Officer

In the table below, we have salary information for jobs that are similar to an Internal Control Officer in Bhutan.

Job Title Category Salary
Account Examiner Accounting and Finance 228,500 BTN
Account Executive Accounting and Finance 421,400 BTN
Accountant Accounting and Finance 314,500 BTN
Accounting Analyst Accounting and Finance 404,600 BTN
Accounting Assistant Accounting and Finance 253,400 BTN
Accounting Associate Accounting and Finance 232,900 BTN
Accounting Clerk Accounting and Finance 194,600 BTN
Accounting Coordinator Accounting and Finance 273,300 BTN
Accounting Head Accounting and Finance 664,500 BTN
Accounting Manager Accounting and Finance 664,500 BTN
Accounting Officer Accounting and Finance 228,500 BTN
Accounting Specialist Accounting and Finance 425,100 BTN
Accounting Supervisor Accounting and Finance 420,100 BTN
Accounting Technician Accounting and Finance 225,300 BTN
Accounting Unit Controller Accounting and Finance 513,300 BTN
Accounts Executive Accounting and Finance 421,400 BTN
Accounts Officer Accounting and Finance 253,400 BTN
Accounts Payable and Receivable Specialist Accounting and Finance 327,800 BTN
Accounts Payable Assistant Accounting and Finance 259,100 BTN
Accounts Payable Associate Accounting and Finance 301,300 BTN
Accounts Payable Clerk Accounting and Finance 238,900 BTN
Accounts Payable Manager Accounting and Finance 649,700 BTN
Accounts Receivable Administrator Accounting and Finance 483,400 BTN
Accounts Receivable Clerk Accounting and Finance 228,500 BTN
Accounts Receivable Financial Analyst Accounting and Finance 462,300 BTN
Accounts Receivable Manager Accounting and Finance 607,400 BTN
Accounts Receivable Team Leader Accounting and Finance 471,700 BTN
Assistant Accountant Accounting and Finance 239,000 BTN
Assistant Accounting Manager Accounting and Finance 598,600 BTN
Assistant Auditor Accounting and Finance 319,600 BTN
Assistant Corporate Controller Accounting and Finance 448,500 BTN
Assistant Finance Manager Accounting and Finance 683,800 BTN
Assistant Financial Controller Accounting and Finance 437,300 BTN
Audit Director Accounting and Finance 754,900 BTN
Audit Supervisor Accounting and Finance 588,500 BTN
Auditing Clerk Accounting and Finance 253,400 BTN
Auditing Manager Accounting and Finance 669,100 BTN
Billing Clerk Accounting and Finance 253,400 BTN
Billing Coordinator Accounting and Finance 277,400 BTN
Billing Specialist Accounting and Finance 332,500 BTN
Billing Supervisor Accounting and Finance 478,000 BTN
Bookkeeper Accounting and Finance 209,500 BTN
Bookkeeping Specialist Accounting and Finance 308,900 BTN
Budget Analyst Accounting and Finance 565,100 BTN
Budget Manager Accounting and Finance 627,900 BTN
Business Support Analyst Accounting and Finance 362,200 BTN
Capital Markets Associate Accounting and Finance 485,300 BTN
Cash Flow Analyst Accounting and Finance 472,000 BTN
Cash Management Manager Accounting and Finance 633,300 BTN
Cash Management Officer Accounting and Finance 378,300 BTN
Cashbook Clerk Accounting and Finance 207,700 BTN
Chartered Accountant Accounting and Finance 389,200 BTN
Chief Accountant Accounting and Finance 476,600 BTN
Collections Clerk Accounting and Finance 189,300 BTN
Collections Representative Accounting and Finance 273,300 BTN
Collections Specialist Accounting and Finance 317,700 BTN
Corporate Controller Accounting and Finance 524,700 BTN
Corporate Treasurer Accounting and Finance 597,800 BTN
Cost Accountant Accounting and Finance 309,800 BTN
Cost Accounting Manager Accounting and Finance 639,100 BTN
Cost Accounting Supervisor Accounting and Finance 533,100 BTN
Cost Analyst Accounting and Finance 524,700 BTN
Credit and Collection Manager Accounting and Finance 608,500 BTN
Credit and Collection Staff Accounting and Finance 232,400 BTN
Credit and Loans Officer Accounting and Finance 218,900 BTN
Credit Controller Accounting and Finance 455,400 BTN
Credit Manager Accounting and Finance 650,700 BTN
Debt Adviser Accounting and Finance 533,100 BTN
Debt Collector Accounting and Finance 265,000 BTN
Debtors Clerk Accounting and Finance 228,500 BTN
Debtors Controller Accounting and Finance 228,500 BTN
Deputy CFO Accounting and Finance 879,700 BTN
Deputy Head of Finance Accounting and Finance 836,500 BTN
Derivative Trader Accounting and Finance 524,700 BTN
Director of Finance Accounting and Finance 923,000 BTN
Economist Accounting and Finance 768,900 BTN
Equity Analyst Accounting and Finance 539,700 BTN
Escrow Assistant Accounting and Finance 288,100 BTN
Executive Accountant Accounting and Finance 341,900 BTN
External Auditor Accounting and Finance 462,300 BTN
Finance Administrator Accounting and Finance 357,300 BTN
Finance Analyst Accounting and Finance 563,300 BTN
Finance Associate Accounting and Finance 273,300 BTN
Finance Director Accounting and Finance 948,900 BTN
Finance Executive Accounting and Finance 698,200 BTN
Finance Licensing Clerk Accounting and Finance 232,900 BTN
Finance Licensing Manager Accounting and Finance 627,900 BTN
Finance Licensing Specialist Accounting and Finance 330,700 BTN
Finance Manager Accounting and Finance 922,300 BTN
Finance Officer Accounting and Finance 315,700 BTN
Finance President Accounting and Finance 923,000 BTN
Finance Relationship Manager Accounting and Finance 724,000 BTN
Finance Release Analyst Accounting and Finance 367,200 BTN
Finance Specialist Accounting and Finance 504,300 BTN
Finance Team Leader Accounting and Finance 681,900 BTN
Financial Accountant Accounting and Finance 305,600 BTN
Financial Actuary Accounting and Finance 466,900 BTN
Financial Administrator Accounting and Finance 543,200 BTN
Financial Advisor Accounting and Finance 566,900 BTN
Financial Analyst Accounting and Finance 563,300 BTN
Financial Applications Specialist Accounting and Finance 392,300 BTN
Financial Assistant Accounting and Finance 259,100 BTN
Financial Associate Accounting and Finance 265,000 BTN
Financial Associate Accounting and Finance 308,900 BTN
Financial Claims Analyst Accounting and Finance 420,800 BTN
Financial Claims Manager Accounting and Finance 573,500 BTN
Financial Claims Supervisor Accounting and Finance 543,200 BTN
Financial Clerk Accounting and Finance 253,400 BTN
Financial Commercial Analyst Accounting and Finance 466,300 BTN
Financial Compliance Analyst Accounting and Finance 519,300 BTN
Financial Consultant Accounting and Finance 407,300 BTN
Financial Controller Accounting and Finance 524,700 BTN
Financial Coordinator Accounting and Finance 301,600 BTN
Financial Customer Service Manager Accounting and Finance 588,500 BTN
Financial Dealer and Broker Accounting and Finance 330,700 BTN
Financial Director Accounting and Finance 948,900 BTN
Financial Encoder Accounting and Finance 259,100 BTN
Financial Manager Accounting and Finance 854,300 BTN
Financial Manager Accounting and Finance 922,300 BTN
Financial Operations Manager Accounting and Finance 778,500 BTN
Financial Policy Analyst Accounting and Finance 485,200 BTN
Financial Project Manager Accounting and Finance 660,500 BTN
Financial Quantitative Analyst Accounting and Finance 524,700 BTN
Financial Reporting Consultant Accounting and Finance 466,300 BTN
Financial Reporting Manager Accounting and Finance 597,800 BTN
Financial Section Head Accounting and Finance 582,700 BTN
Financial Services Manager Accounting and Finance 778,500 BTN
Financial Services Sales Agent Accounting and Finance 354,000 BTN
Fixed Assets Administrator Accounting and Finance 318,800 BTN
Forensic Accountant Accounting and Finance 366,200 BTN
Fraud Detection Supervisor Accounting and Finance 404,600 BTN
Fraud Prevention Manager Accounting and Finance 619,800 BTN
Fund Accountant Accounting and Finance 297,000 BTN
Grants Coordinator Accounting and Finance 238,900 BTN
Group Financial Manager Accounting and Finance 899,100 BTN
Internal Auditor Accounting and Finance 407,300 BTN
Internal Control Adviser Accounting and Finance 518,300 BTN
International Tax Director Accounting and Finance 739,500 BTN
Inventory Accountant Accounting and Finance 341,900 BTN
Investment Advisor Accounting and Finance 860,300 BTN
Investment Analyst Accounting and Finance 649,700 BTN
Investment Associate Accounting and Finance 513,300 BTN
Investment Broker Accounting and Finance 513,300 BTN
Investment Fund Manager Accounting and Finance 699,700 BTN
Investment Operations Manager Accounting and Finance 699,700 BTN
Investment Underwriter Accounting and Finance 273,300 BTN
Investor Accounting and Finance 404,600 BTN
Investor Relations Manager Accounting and Finance 646,600 BTN
KYC Team Leader Accounting and Finance 637,500 BTN
Loan Processor Accounting and Finance 252,300 BTN
Management Accountant Accounting and Finance 340,400 BTN
Management Economist Accounting and Finance 748,600 BTN
Paymaster Accounting and Finance 259,100 BTN
Payroll Administrator Accounting and Finance 414,000 BTN
Payroll Benefits Coordinator Accounting and Finance 344,600 BTN
Payroll Billing Manager Accounting and Finance 588,500 BTN
Payroll Clerk Accounting and Finance 279,400 BTN
Payroll Manager Accounting and Finance 600,000 BTN
Payroll Officer Accounting and Finance 288,100 BTN
Payroll Specialist Accounting and Finance 318,800 BTN
Payroll Supervisor Accounting and Finance 389,200 BTN
Pensions Administrator Accounting and Finance 340,400 BTN
Personal Financial Advisor Accounting and Finance 476,600 BTN
Pricing Analyst Accounting and Finance 543,200 BTN
Private Equity Analyst Accounting and Finance 555,800 BTN
Project Accountant Accounting and Finance 348,300 BTN
Proposal Development Coordinator Accounting and Finance 288,100 BTN
Receivables Accountant Accounting and Finance 296,000 BTN
Regulatory Accountant Accounting and Finance 341,400 BTN
Retirement Plan Analyst Accounting and Finance 524,700 BTN
Revenue Management Specialist Accounting and Finance 504,300 BTN
Revenue Recognition Analyst Accounting and Finance 607,400 BTN
Risk Management Director Accounting and Finance 731,700 BTN
Risk Management Supervisor Accounting and Finance 618,800 BTN
Staff Accountant Accounting and Finance 292,000 BTN
Tax Accountant Accounting and Finance 296,000 BTN
Tax Administrator Accounting and Finance 357,300 BTN
Tax Advisor Accounting and Finance 466,900 BTN
Tax Analyst Accounting and Finance 478,000 BTN
Tax Associate Accounting and Finance 273,300 BTN
Tax Consultant Accounting and Finance 510,200 BTN
Tax Director Accounting and Finance 761,400 BTN
Tax Examiner Accounting and Finance 325,800 BTN
Tax Manager Accounting and Finance 656,800 BTN
Tax Research Manager Accounting and Finance 672,600 BTN
Teller Accounting and Finance 181,600 BTN
Treasury Accountant Accounting and Finance 335,100 BTN
Treasury Analyst Accounting and Finance 519,300 BTN
Underwriter Accounting and Finance 225,300 BTN
Underwriting Assistant Accounting and Finance 216,800 BTN
Vice President of Finance Accounting and Finance 903,500 BTN

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