Average Portfolio Manager Salary in Niger for 2024

In this article, we will look at the average Portfolio Manager salary for 2024 in Niger 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 West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does a Portfolio Manager Make in Niger?

A Portfolio Manager working in Niger will typically earn around 7,477,100 XOF per year, and this can range from the lowest average salary of about 3,817,500 XOF to the highest average salary of 11,518,700 XOF.

Average Annual Salary
7,477,100 XOF
Average Monthly Salary
623,091 XOF

Lowest Annual Salary
3,817,500 XOF
Lowest Monthly Salary
318,125 XOF

Highest Annual Salary
11,518,700 XOF
Highest Monthly Salary
959,891 XOF

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

Portfolio 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 Portfolio Manager Salaries in Niger

So we've looked at the average salaries a Portfolio Manager will earn in Niger. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Portfolio Manager can earn between 3,817,500 XOF and 11,518,700 XOF on average in Niger. 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 Portfolio Manager in Niger is 7,331,800 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 7,331,800 XOF, and 50% of the population earn more than 7,331,800 XOF.

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 Portfolio Manager salary in Niger, 25% of the population are earning less than 5,017,100 XOF while 75% of the population earn more than 5,017,100 XOF.

75% of the population earn less than 9,239,600 XOF, and 25% of the population earn more than 9,239,600 XOF.

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.

Portfolio Manager Salary by Experience Level in Niger

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 portfolio 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 Portfolio Manager in Niger that has less than two years of experience can expect to earn somewhere in the region of 4,270,100 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Portfolio Manager salary would increase to 5,591,900 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Portfolio Manager, the average salary would be 7,823,800 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 9,396,300 XOF.
  • 15 - 20 Years Experience. A Portfolio Manager with 15 to 20 years of experience can earn an average of 10,212,200 XOF.
  • 20+ Years Experience. For a Portfolio Manager with more than 20 years, the expected average salary increases to 11,014,300 XOF.

Average Salary by Experience Chart

0-2 Years
4,270,100 XOF
2-5 Years +31%
5,591,900 XOF
5-10 Years +40%
7,823,800 XOF
10-15 Years +20%
9,396,300 XOF
15-20 Years +9%
10,212,200 XOF
20+ Years +8%
11,014,300 XOF

Portfolio Manager Salary by Education Level in Niger

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 Portfolio Manager in Niger 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 Portfolio Manager in Niger with a high school education can earn an average salary of 5,123,800 XOF.

  • Certificate or Diploma. A Portfolio Manager in Niger with a certificate or diploma education can earn an average salary of 5,890,200 XOF.

  • Bachelor's Degree. A Portfolio Manager in Niger with a bachelor's degree education can earn an average salary of 8,279,300 XOF.

  • Master's Degree. A Portfolio Manager in Niger with a master's degree education can earn an average salary of 10,669,400 XOF.

Average Salary by Education Chart

High School
5,123,800 XOF
Certificate or Diploma +15%
5,890,200 XOF
Bachelor's Degree +41%
8,279,300 XOF
Master's Degree +29%
10,669,400 XOF

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 Niger is around 1,690,000 to 5,080,000 XOF 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.

Portfolio 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 Niger, a male portfolio manager will earn an average of 8,182,600 XOF, while a female portfolio manager will earn around 6,840,100 XOF.

This means that a male portfolio manager earns approximately 20% more than a female portfolio manager for performing the same job.

Average Salary by Gender Chart in Niger

Male
8,182,600 XOF
Female -20%
6,840,100 XOF

Portfolio Manager Average Pay Raise in Niger

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 Portfolio Manager in Niger is around 8% every 31 months.

The national average pay raise across all professions and industries in Niger 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 = ( 8 ÷ 31 ) × 12  = 3%

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

Annual Pay Raise by Industry in Niger for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Portfolio Manager Bonus and Incentive Rates in Niger

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 Portfolio Manager is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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
63%
No Bonus
37%

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 Niger earn approximately 21% more than private sector employees in the same role.

Public Sector
4,465,800 XOF
Private Sector -21%
3,696,900 XOF

Salaries for Jobs Similar to a Portfolio Manager

In the table below, we have salary information for jobs that are similar to a Portfolio Manager in Niger.

Job Title Category Salary
Acquisition Associate Real Estate 3,263,500 XOF
Assistant Leasing Manager Real Estate 4,249,700 XOF
Assistant Property Manager Real Estate 4,609,700 XOF
Brokerage Real Estate 3,299,800 XOF
Brokerage Clerk Real Estate 1,765,300 XOF
Commercial Leasing Manager Real Estate 6,529,400 XOF
Commercial Real Estate Manager Real Estate 7,309,600 XOF
Community Development Manager Real Estate 6,118,800 XOF
Compliance Specialist Real Estate 3,335,900 XOF
Development Coordinator Real Estate 3,205,100 XOF
Director of Real Estate Real Estate 7,285,700 XOF
Lease Administrator Real Estate 3,996,300 XOF
Leasing Agent Real Estate 3,514,400 XOF
Leasing Consultant Real Estate 4,224,200 XOF
Leasing Manager Real Estate 4,703,900 XOF
Lettings Assistant Real Estate 1,741,800 XOF
Portfolio Analyst Real Estate 5,711,000 XOF
Property Acquisition Agent Real Estate 2,893,600 XOF
Property and Claims Specialist Real Estate 4,176,700 XOF
Property Manager Real Estate 5,003,800 XOF
Property Operations Manager Real Estate 6,791,800 XOF
Property Tax Assistant Real Estate 3,263,500 XOF
Real Estate Administrator Real Estate 3,539,100 XOF
Real Estate Agent Real Estate 3,349,100 XOF
Real Estate Analyst Real Estate 4,499,000 XOF
Real Estate Appraiser Real Estate 3,733,300 XOF
Real Estate Appraiser Real Estate 3,745,100 XOF
Real Estate Appraiser Real Estate 3,755,300 XOF
Real Estate Assistant Real Estate 3,144,700 XOF
Real Estate Association Manager Real Estate 4,609,700 XOF
Real Estate Broker Real Estate 3,349,100 XOF
Real Estate General Manager Real Estate 6,934,900 XOF
Real Estate Project Director Real Estate 6,347,100 XOF
Real Estate Project Manager Real Estate 5,890,200 XOF
Real Estate Sales Agent Real Estate 3,349,100 XOF
Real Estate Valuer Real Estate 3,781,400 XOF
Research Analyst Real Estate 2,998,500 XOF
Residential Advisor Real Estate 4,102,700 XOF
Residential Property Manager Real Estate 4,931,400 XOF
Shopping Center Manager Real Estate 7,428,600 XOF
Town Planner Real Estate 6,911,700 XOF

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