Average International Banking Manager Salary in Botswana for 2024

In this article, we will look at the average International Banking Manager salary for 2024 in Botswana 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 Botswana pula. To keep things simple, we are using the BWP currency code instead of the currency symbol P.

How Much Does an International Banking Manager Make in Botswana?

An International Banking Manager working in Botswana will typically earn around 325,600 BWP per year, and this can range from the lowest average salary of about 164,200 BWP to the highest average salary of 500,100 BWP.

Average Annual Salary
325,600 BWP
Average Monthly Salary
27,133 BWP

Lowest Annual Salary
164,200 BWP
Lowest Monthly Salary
13,683 BWP

Highest Annual Salary
500,100 BWP
Highest Monthly Salary
41,675 BWP

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

International Banking Manager 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 International Banking Manager Salaries in Botswana

So we've looked at the average salaries an International Banking Manager will earn in Botswana. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an International Banking Manager can earn between 164,200 BWP and 500,100 BWP on average in Botswana. 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 International Banking Manager in Botswana is 318,800 BWP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 318,800 BWP, and 50% of the population earn more than 318,800 BWP.

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 International Banking Manager salary in Botswana, 25% of the population are earning less than 216,800 BWP while 75% of the population earn more than 216,800 BWP.

75% of the population earn less than 399,900 BWP, and 25% of the population earn more than 399,900 BWP.

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.

International Banking Manager Salary by Experience Level in Botswana

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 international banking manager 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 International Banking Manager in Botswana that has less than two years of experience can expect to earn somewhere in the region of 187,500 BWP.
  • 2 - 5 Years Experience. With two to five years of experience the average International Banking Manager salary would increase to 240,500 BWP.
  • 5 - 10 Years Experience. From five to ten years of experience as an International Banking Manager, the average salary would be 340,400 BWP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 407,300 BWP.
  • 15 - 20 Years Experience. An International Banking Manager with 15 to 20 years of experience can earn an average of 442,300 BWP.
  • 20+ Years Experience. For an International Banking Manager with more than 20 years, the expected average salary increases to 478,000 BWP.

Average Salary by Experience Chart

0-2 Years
187,500 BWP
2-5 Years +31%
240,500 BWP
5-10 Years +40%
340,400 BWP
10-15 Years +20%
407,300 BWP
15-20 Years +9%
442,300 BWP
20+ Years +8%
478,000 BWP

International Banking Manager Salary by Education Level in Botswana

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 International Banking Manager in Botswana 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. An International Banking Manager in Botswana with a bachelor's degree education can earn an average salary of 228,000 BWP.

  • Master's Degree. An International Banking Manager in Botswana with a master's degree education can earn an average salary of 407,100 BWP.

Average Salary by Education Chart

Bachelor's Degree
228,000 BWP
Master's Degree +77%
407,100 BWP

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 Botswana is around 58,700 to 176,000 BWP 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.

International Banking Manager 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 Botswana, a male international banking manager will earn an average of 348,300 BWP, while a female international banking manager will earn around 301,700 BWP.

This means that a male international banking manager earns approximately 15% more than a female international banking manager for performing the same job.

Average Salary by Gender Chart in Botswana

Male
348,300 BWP
Female -15%
301,700 BWP

International Banking Manager Average Pay Raise in Botswana

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 International Banking Manager in Botswana is around 10% every 29 months.

The national average pay raise across all professions and industries in Botswana 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 = ( 10 ÷ 29 ) × 12  = 4%

What this means is that an International Banking Manager in Botswana can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Botswana for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

International Banking Manager Bonus and Incentive Rates in Botswana

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 International Banking Manager is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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 6% to 8%.

Received Bonus
64%
No Bonus
36%

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

Public Sector
148,300 BWP
Private Sector -14%
130,400 BWP

Salaries for Jobs Similar to an International Banking Manager

In the table below, we have salary information for jobs that are similar to an International Banking Manager in Botswana.

Job Title Category Salary
AML Analyst Banking 218,900 BWP
Assistant Bank Branch Manager Banking 187,300 BWP
Assistant Bank Manager Banking 254,800 BWP
ATM Manager Banking 200,000 BWP
ATM Service Technician Banking 57,080 BWP
Bank Accounts Analyst Banking 87,000 BWP
Bank Accounts Collector Banking 48,640 BWP
Bank Accounts Controller Banking 112,420 BWP
Bank Accounts Executive Banking 154,700 BWP
Bank Accounts Manager Banking 183,700 BWP
Bank Auditing Manager Banking 189,300 BWP
Bank Branch Manager Banking 247,800 BWP
Bank Branch Operations Coordinator Banking 109,460 BWP
Bank Clerk Banking 45,600 BWP
Bank Client Service Associate Banking 66,680 BWP
Bank Collector Banking 50,580 BWP
Bank Compliance Specialist Banking 134,600 BWP
Bank Manager Banking 294,700 BWP
Bank Operational Risk Manager Banking 283,700 BWP
Bank Operations Head Banking 315,700 BWP
Bank Operations Officer Banking 125,100 BWP
Bank Operations Specialist Banking 190,500 BWP
Bank Process Manager Banking 167,100 BWP
Bank Product Manager Banking 187,500 BWP
Bank Programme Manager Banking 205,700 BWP
Bank Project Manager Banking 231,000 BWP
Bank Propositions Manager Banking 221,500 BWP
Bank Quantitative Analyst Banking 148,300 BWP
Bank Regional Manager Banking 319,600 BWP
Bank Regional Risk Officer Banking 161,300 BWP
Bank Relationship Manager Banking 217,900 BWP
Bank Relationship Officer Banking 105,300 BWP
Bank Teller Banking 54,180 BWP
Banker Banking 102,620 BWP
Banking Business Analyst Banking 159,400 BWP
Banking Business Development Officer Banking 96,680 BWP
Banking Business Planning Executive Banking 232,900 BWP
Banking Product Manager Banking 187,300 BWP
Banking Reference Data Manager Banking 161,600 BWP
Banking Risk Analyst Banking 161,300 BWP
Banking Technical Analyst Banking 83,900 BWP
Bankruptcy Coordinator Banking 116,180 BWP
Bill and Account Collector Banking 56,100 BWP
Budget Analyst Banking 159,100 BWP
Capital Risk Manager Banking 282,300 BWP
Cards Marketing Manager Banking 205,700 BWP
Cash Management Manager Banking 275,500 BWP
Check Processing Manager Banking 209,700 BWP
Commercial Vault Associate Banking 159,400 BWP
Corporate Banker Banking 115,260 BWP
Corporate Dealer Banking 164,200 BWP
Credit Analyst Banking 124,400 BWP
Credit and Collections Manager Banking 222,300 BWP
Credit Card Fraud Investigator Banking 159,100 BWP
Credit Portfolio Manager Banking 307,400 BWP
Credit Risk Analyst Banking 174,000 BWP
Credit Risk Associate Banking 172,200 BWP
Direct Bank Sales Representative Banking 112,420 BWP
Exchange Control Consultant Banking 159,500 BWP
Executive Account Analyst Banking 151,800 BWP
Financial Bank Planning Consultant Banking 204,000 BWP
Financial Banking Analysis Manager Banking 222,300 BWP
Financial Banking Assistant Banking 72,540 BWP
Financial Banking Systems Manager Banking 216,800 BWP
Foreign Exchange Manager Banking 238,900 BWP
Fraud Analyst Banking 161,300 BWP
Fraud Detection Associate Banking 109,460 BWP
Fraud Detection Manager Banking 237,400 BWP
Fraud Detection Supervisor Banking 137,400 BWP
Internal Bank Audit Manager Banking 275,200 BWP
Internal Bank Auditor Banking 151,800 BWP
Internal Private Banker Banking 113,780 BWP
Investment Banking Analyst Banking 227,600 BWP
Loan Analyst Banking 152,100 BWP
Loan Area Manager Banking 197,600 BWP
Loan Audit Team Leader Banking 187,300 BWP
Loan Branch Manager Banking 172,400 BWP
Loan Business Development Officer Banking 94,940 BWP
Loan Clerk Banking 56,460 BWP
Loan Collection and Recovery Manager Banking 187,500 BWP
Loan Collection Manager Banking 181,600 BWP
Loan Collector Banking 53,600 BWP
Loan Examiner Banking 72,120 BWP
Loan Officer Banking 57,360 BWP
Loan Processing Manager Banking 163,800 BWP
Loan Processor Banking 69,260 BWP
Loan Quality Assurance Auditor Banking 161,600 BWP
Loan Quality Assurance Manager Banking 169,000 BWP
Loan Quality Assurance Representative Banking 114,000 BWP
Loan Review Manager Banking 180,500 BWP
Loan Team Leader Banking 164,200 BWP
Loans Manager Banking 216,800 BWP
Mortgage Advisor Banking 105,300 BWP
Mortgage Collection Manager Banking 183,700 BWP
Mortgage Collector Banking 53,860 BWP
Mortgage Credit Analyst Banking 79,240 BWP
Mortgage Credit Manager Banking 172,200 BWP
Mortgage Development Manager Banking 204,700 BWP
Mortgage Document Reviewer Banking 69,720 BWP
Mortgage Funding Manager Banking 196,800 BWP
Mortgage Operations Manager Banking 273,300 BWP
Mortgage Payment Processing Clerk Banking 60,600 BWP
Mortgage Processing Manager Banking 180,300 BWP
Mortgage Processor Banking 70,600 BWP
Mortgage Quality Assurance Auditor Banking 150,000 BWP
Mortgage Quality Assurance Manager Banking 174,000 BWP
Mortgage Servicing Clerk Banking 56,640 BWP
Mortgage Servicing Manager Banking 169,000 BWP
Mortgage Underwriter Banking 69,240 BWP
Online Banking Manager Banking 282,300 BWP
Payment Processing Clerk Banking 54,180 BWP
Personal Banker Banking 118,200 BWP
Personal Banking Advisor Banking 115,640 BWP
Phone Banker Banking 70,600 BWP
Private Banker Banking 113,220 BWP
Reconciliation and Investigation Specialist Banking 128,900 BWP
Tax Officer Banking 96,560 BWP
Teller Banking 50,540 BWP
Trade Officer Banking 66,440 BWP
Trade Product Manager Banking 176,800 BWP
Trader Banking 77,380 BWP
Treasury Operations Officer Banking 137,400 BWP

Salary Comparison by City

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

City Average Salary
Gaborone 383,300 BWP

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