Average Payroll Billing Manager Salary in Equatorial Guinea for 2024

In this article, we will look at the average Payroll Billing Manager salary for 2024 in Equatorial Guinea 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 Central African CFA franc. To keep things simple, we are using the XAF currency code instead of the currency symbol Fr.

How Much Does a Payroll Billing Manager Make in Equatorial Guinea?

A Payroll Billing Manager working in Equatorial Guinea will typically earn around 7,093,500 XAF per year, and this can range from the lowest average salary of about 3,481,100 XAF to the highest average salary of 11,065,000 XAF.

Average Annual Salary
7,093,500 XAF
Average Monthly Salary
591,125 XAF

Lowest Annual Salary
3,481,100 XAF
Lowest Monthly Salary
290,091 XAF

Highest Annual Salary
11,065,000 XAF
Highest Monthly Salary
922,083 XAF

These are average salaries for a Payroll Billing Manager in Equatorial Guinea and include benefits such as housing and transport. It's also possible for a Payroll Billing Manager to earn more or less than the average salaries shown above.

Payroll Billing 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 Payroll Billing Manager Salaries in Equatorial Guinea

So we've looked at the average salaries a Payroll Billing Manager will earn in Equatorial Guinea. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Payroll Billing Manager can earn between 3,481,100 XAF and 11,065,000 XAF on average in Equatorial Guinea. 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 Payroll Billing Manager in Equatorial Guinea is 7,236,200 XAF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 7,236,200 XAF, and 50% of the population earn more than 7,236,200 XAF.

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 Payroll Billing Manager salary in Equatorial Guinea, 25% of the population are earning less than 4,822,700 XAF while 75% of the population earn more than 4,822,700 XAF.

75% of the population earn less than 9,335,200 XAF, and 25% of the population earn more than 9,335,200 XAF.

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.

Payroll Billing Manager Salary by Experience Level in Equatorial Guinea

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 payroll billing 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. A Payroll Billing Manager in Equatorial Guinea that has less than two years of experience can expect to earn somewhere in the region of 4,116,600 XAF.
  • 2 - 5 Years Experience. With two to five years of experience the average Payroll Billing Manager salary would increase to 5,292,500 XAF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payroll Billing Manager, the average salary would be 7,309,600 XAF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 9,060,600 XAF.
  • 15 - 20 Years Experience. A Payroll Billing Manager with 15 to 20 years of experience can earn an average of 9,695,200 XAF.
  • 20+ Years Experience. For a Payroll Billing Manager with more than 20 years, the expected average salary increases to 10,344,200 XAF.

Average Salary by Experience Chart

0-2 Years
4,116,600 XAF
2-5 Years +29%
5,292,500 XAF
5-10 Years +38%
7,309,600 XAF
10-15 Years +24%
9,060,600 XAF
15-20 Years +7%
9,695,200 XAF
20+ Years +7%
10,344,200 XAF

Payroll Billing Manager Salary by Education Level in Equatorial Guinea

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 Payroll Billing Manager in Equatorial Guinea 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 Payroll Billing Manager in Equatorial Guinea with a certificate or diploma education can earn an average salary of 5,292,500 XAF.

  • Bachelor's Degree. A Payroll Billing Manager in Equatorial Guinea with a bachelor's degree education can earn an average salary of 7,115,800 XAF.

  • Master's Degree. A Payroll Billing Manager in Equatorial Guinea with a master's degree education can earn an average salary of 10,919,400 XAF.

Average Salary by Education Chart

Certificate or Diploma
5,292,500 XAF
Bachelor's Degree +34%
7,115,800 XAF
Master's Degree +53%
10,919,400 XAF

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 Equatorial Guinea is around 2,390,000 to 7,170,000 XAF 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.

Payroll Billing 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 Equatorial Guinea, a male payroll billing manager will earn an average of 7,404,700 XAF, while a female payroll billing manager will earn around 6,624,300 XAF.

This means that a male payroll billing manager earns approximately 12% more than a female payroll billing manager for performing the same job.

Average Salary by Gender Chart in Equatorial Guinea

Male
7,404,700 XAF
Female -12%
6,624,300 XAF

Payroll Billing Manager Average Pay Raise in Equatorial Guinea

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 Payroll Billing Manager in Equatorial Guinea is around 8% every 28 months.

The national average pay raise across all professions and industries in Equatorial Guinea 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Payroll Billing Manager in Equatorial Guinea can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Equatorial Guinea for 2024

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

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%

Payroll Billing Manager Bonus and Incentive Rates in Equatorial Guinea

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 Payroll Billing 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 5% to 9%.

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

Public Sector
6,193,900 XAF
Private Sector -14%
5,447,200 XAF

Salaries for Jobs Similar to a Payroll Billing Manager

In the table below, we have salary information for jobs that are similar to a Payroll Billing Manager in Equatorial Guinea.

Job Title Category Salary
Account Examiner Accounting and Finance 2,831,100 XAF
Account Executive Accounting and Finance 4,895,800 XAF
Accountant Accounting and Finance 3,934,900 XAF
Accounting Analyst Accounting and Finance 4,931,400 XAF
Accounting Assistant Accounting and Finance 2,976,900 XAF
Accounting Associate Accounting and Finance 2,759,700 XAF
Accounting Clerk Accounting and Finance 2,401,300 XAF
Accounting Coordinator Accounting and Finance 3,395,900 XAF
Accounting Head Accounting and Finance 7,750,400 XAF
Accounting Manager Accounting and Finance 8,533,800 XAF
Accounting Officer Accounting and Finance 2,878,300 XAF
Accounting Specialist Accounting and Finance 5,614,600 XAF
Accounting Supervisor Accounting and Finance 5,447,200 XAF
Accounting Technician Accounting and Finance 2,734,500 XAF
Accounting Unit Controller Accounting and Finance 6,493,000 XAF
Accounts Executive Accounting and Finance 5,017,100 XAF
Accounts Officer Accounting and Finance 3,144,700 XAF
Accounts Payable and Receivable Specialist Accounting and Finance 3,912,600 XAF
Accounts Payable Assistant Accounting and Finance 3,156,400 XAF
Accounts Payable Associate Accounting and Finance 3,733,300 XAF
Accounts Payable Clerk Accounting and Finance 2,893,600 XAF
Accounts Payable Manager Accounting and Finance 8,182,600 XAF
Accounts Receivable Administrator Accounting and Finance 5,591,900 XAF
Accounts Receivable Clerk Accounting and Finance 2,976,900 XAF
Accounts Receivable Financial Analyst Accounting and Finance 5,806,300 XAF
Accounts Receivable Manager Accounting and Finance 7,537,100 XAF
Accounts Receivable Team Leader Accounting and Finance 5,880,300 XAF
Assistant Accountant Accounting and Finance 3,168,300 XAF
Assistant Accounting Manager Accounting and Finance 7,561,700 XAF
Assistant Auditor Accounting and Finance 3,863,700 XAF
Assistant Corporate Controller Accounting and Finance 5,399,900 XAF
Assistant Finance Manager Accounting and Finance 7,967,200 XAF
Assistant Financial Controller Accounting and Finance 5,579,400 XAF
Audit Director Accounting and Finance 9,466,400 XAF
Audit Supervisor Accounting and Finance 7,297,800 XAF
Auditing Clerk Accounting and Finance 3,144,700 XAF
Auditing Manager Accounting and Finance 8,017,000 XAF
Billing Clerk Accounting and Finance 2,914,600 XAF
Billing Coordinator Accounting and Finance 3,718,600 XAF
Billing Specialist Accounting and Finance 4,162,800 XAF
Billing Supervisor Accounting and Finance 5,880,300 XAF
Bookkeeper Accounting and Finance 2,698,900 XAF
Bookkeeping Specialist Accounting and Finance 3,733,300 XAF
Budget Analyst Accounting and Finance 6,826,100 XAF
Budget Manager Accounting and Finance 7,907,600 XAF
Business Support Analyst Accounting and Finance 4,355,800 XAF
Capital Markets Associate Accounting and Finance 6,216,700 XAF
Cash Flow Analyst Accounting and Finance 6,179,700 XAF
Cash Management Manager Accounting and Finance 7,823,800 XAF
Cash Management Officer Accounting and Finance 4,391,800 XAF
Cashbook Clerk Accounting and Finance 2,759,700 XAF
Chartered Accountant Accounting and Finance 5,209,200 XAF
Chief Accountant Accounting and Finance 5,724,700 XAF
Collections Clerk Accounting and Finance 2,485,800 XAF
Collections Representative Accounting and Finance 3,349,100 XAF
Collections Specialist Accounting and Finance 3,889,500 XAF
Corporate Controller Accounting and Finance 6,048,900 XAF
Corporate Treasurer Accounting and Finance 7,285,700 XAF
Cost Accountant Accounting and Finance 3,946,200 XAF
Cost Accounting Manager Accounting and Finance 8,087,400 XAF
Cost Accounting Supervisor Accounting and Finance 6,251,400 XAF
Cost Analyst Accounting and Finance 6,274,900 XAF
Credit and Collection Manager Accounting and Finance 7,655,900 XAF
Credit and Collection Staff Accounting and Finance 3,071,100 XAF
Credit and Loans Officer Accounting and Finance 2,748,900 XAF
Credit Controller Accounting and Finance 5,507,100 XAF
Credit Manager Accounting and Finance 8,460,900 XAF
Debt Adviser Accounting and Finance 6,850,500 XAF
Debt Collector Accounting and Finance 3,229,900 XAF
Debtors Clerk Accounting and Finance 2,854,700 XAF
Debtors Controller Accounting and Finance 2,878,300 XAF
Deputy CFO Accounting and Finance 10,861,800 XAF
Deputy Head of Finance Accounting and Finance 11,207,800 XAF
Derivative Trader Accounting and Finance 6,791,800 XAF
Director of Finance Accounting and Finance 12,239,700 XAF
Economist Accounting and Finance 9,025,900 XAF
Equity Analyst Accounting and Finance 7,057,300 XAF
Escrow Assistant Accounting and Finance 3,503,800 XAF
Executive Accountant Accounting and Finance 4,369,800 XAF
External Auditor Accounting and Finance 5,761,400 XAF
Finance Administrator Accounting and Finance 4,834,900 XAF
Finance Analyst Accounting and Finance 7,428,600 XAF
Finance Associate Accounting and Finance 3,481,100 XAF
Finance Director Accounting and Finance 11,425,300 XAF
Finance Executive Accounting and Finance 8,737,100 XAF
Finance Licensing Clerk Accounting and Finance 2,914,600 XAF
Finance Licensing Manager Accounting and Finance 7,464,400 XAF
Finance Licensing Specialist Accounting and Finance 4,093,700 XAF
Finance Manager Accounting and Finance 11,580,300 XAF
Finance Officer Accounting and Finance 3,733,300 XAF
Finance President Accounting and Finance 11,303,900 XAF
Finance Relationship Manager Accounting and Finance 9,121,500 XAF
Finance Release Analyst Accounting and Finance 4,703,900 XAF
Finance Specialist Accounting and Finance 6,613,100 XAF
Finance Team Leader Accounting and Finance 8,483,700 XAF
Financial Accountant Accounting and Finance 3,863,700 XAF
Financial Actuary Accounting and Finance 5,890,200 XAF
Financial Administrator Accounting and Finance 6,791,800 XAF
Financial Advisor Accounting and Finance 7,007,800 XAF
Financial Analyst Accounting and Finance 7,199,500 XAF
Financial Applications Specialist Accounting and Finance 5,172,800 XAF
Financial Assistant Accounting and Finance 3,229,900 XAF
Financial Associate Accounting and Finance 3,035,200 XAF
Financial Associate Accounting and Finance 3,934,900 XAF
Financial Claims Analyst Accounting and Finance 5,340,600 XAF
Financial Claims Manager Accounting and Finance 6,815,700 XAF
Financial Claims Supervisor Accounting and Finance 6,754,900 XAF
Financial Clerk Accounting and Finance 2,878,300 XAF
Financial Commercial Analyst Accounting and Finance 5,818,100 XAF
Financial Compliance Analyst Accounting and Finance 6,442,400 XAF
Financial Consultant Accounting and Finance 5,471,700 XAF
Financial Controller Accounting and Finance 6,142,600 XAF
Financial Controller Accounting and Finance 6,203,500 XAF
Financial Coordinator Accounting and Finance 3,685,200 XAF
Financial Customer Service Manager Accounting and Finance 7,174,700 XAF
Financial Dealer and Broker Accounting and Finance 4,465,800 XAF
Financial Director Accounting and Finance 11,326,400 XAF
Financial Encoder Accounting and Finance 3,288,400 XAF
Financial Manager Accounting and Finance 10,537,900 XAF
Financial Manager Accounting and Finance 11,221,100 XAF
Financial Operations Manager Accounting and Finance 10,463,500 XAF
Financial Policy Analyst Accounting and Finance 6,035,400 XAF
Financial Project Manager Accounting and Finance 8,386,300 XAF
Financial Quantitative Analyst Accounting and Finance 6,922,100 XAF
Financial Reporting Consultant Accounting and Finance 5,698,400 XAF
Financial Reporting Manager Accounting and Finance 7,441,400 XAF
Financial Section Head Accounting and Finance 7,369,700 XAF
Financial Services Manager Accounting and Finance 9,863,700 XAF
Financial Services Sales Agent Accounting and Finance 4,152,200 XAF
Fixed Assets Administrator Accounting and Finance 4,270,100 XAF
Forensic Accountant Accounting and Finance 4,594,300 XAF
Fraud Detection Supervisor Accounting and Finance 4,681,400 XAF
Fraud Prevention Manager Accounting and Finance 8,267,800 XAF
Fund Accountant Accounting and Finance 3,745,100 XAF
Grants Coordinator Accounting and Finance 2,844,200 XAF
Group Financial Manager Accounting and Finance 11,653,500 XAF
Internal Auditor Accounting and Finance 5,326,200 XAF
Internal Control Adviser Accounting and Finance 5,963,300 XAF
Internal Control Officer Accounting and Finance 3,529,600 XAF
International Tax Director Accounting and Finance 9,478,900 XAF
Inventory Accountant Accounting and Finance 4,067,600 XAF
Investment Advisor Accounting and Finance 10,141,000 XAF
Investment Analyst Accounting and Finance 8,004,700 XAF
Investment Associate Accounting and Finance 6,469,100 XAF
Investment Broker Accounting and Finance 6,564,600 XAF
Investment Fund Manager Accounting and Finance 9,166,100 XAF
Investment Operations Manager Accounting and Finance 8,434,700 XAF
Investment Underwriter Accounting and Finance 3,385,800 XAF
Investor Accounting and Finance 5,038,200 XAF
Investor Relations Manager Accounting and Finance 7,583,100 XAF
KYC Team Leader Accounting and Finance 7,523,300 XAF
Loan Processor Accounting and Finance 3,373,200 XAF
Management Accountant Accounting and Finance 4,488,100 XAF
Management Economist Accounting and Finance 8,785,800 XAF
Paymaster Accounting and Finance 3,253,900 XAF
Payroll Administrator Accounting and Finance 5,315,900 XAF
Payroll Benefits Coordinator Accounting and Finance 4,439,200 XAF
Payroll Clerk Accounting and Finance 3,395,900 XAF
Payroll Manager Accounting and Finance 6,875,100 XAF
Payroll Officer Accounting and Finance 3,610,800 XAF
Payroll Specialist Accounting and Finance 4,176,700 XAF
Payroll Supervisor Accounting and Finance 5,136,500 XAF
Pensions Administrator Accounting and Finance 3,996,300 XAF
Personal Financial Advisor Accounting and Finance 5,651,400 XAF
Pricing Analyst Accounting and Finance 6,241,000 XAF
Private Equity Analyst Accounting and Finance 6,922,100 XAF
Project Accountant Accounting and Finance 4,129,300 XAF
Proposal Development Coordinator Accounting and Finance 3,349,100 XAF
Receivables Accountant Accounting and Finance 3,733,300 XAF
Regulatory Accountant Accounting and Finance 4,355,800 XAF
Retirement Plan Analyst Accounting and Finance 6,048,900 XAF
Revenue Management Specialist Accounting and Finance 6,721,800 XAF
Revenue Recognition Analyst Accounting and Finance 7,510,300 XAF
Risk Management Director Accounting and Finance 9,322,700 XAF
Risk Management Supervisor Accounting and Finance 8,182,600 XAF
Staff Accountant Accounting and Finance 3,685,200 XAF
Tax Accountant Accounting and Finance 3,635,200 XAF
Tax Administrator Accounting and Finance 4,152,200 XAF
Tax Advisor Accounting and Finance 6,251,400 XAF
Tax Analyst Accounting and Finance 6,048,900 XAF
Tax Associate Accounting and Finance 3,490,200 XAF
Tax Consultant Accounting and Finance 6,084,900 XAF
Tax Director Accounting and Finance 9,442,200 XAF
Tax Examiner Accounting and Finance 4,140,900 XAF
Tax Manager Accounting and Finance 8,172,900 XAF
Tax Research Manager Accounting and Finance 7,907,600 XAF
Teller Accounting and Finance 2,460,900 XAF
Treasury Accountant Accounting and Finance 4,129,300 XAF
Treasury Analyst Accounting and Finance 6,420,700 XAF
Underwriter Accounting and Finance 2,854,700 XAF
Underwriting Assistant Accounting and Finance 2,593,900 XAF
Vice President of Finance Accounting and Finance 10,403,600 XAF

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