Average Research Analyst Salary in Guinea-Bissau for 2024

In this article, we will look at the average Research Analyst salary for 2024 in Guinea-Bissau 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 Research Analyst Make in Guinea-Bissau?

A Research Analyst working in Guinea-Bissau will typically earn around 2,941,000 XOF per year, and this can range from the lowest average salary of about 1,464,200 XOF to the highest average salary of 4,548,600 XOF.

Average Annual Salary
2,941,000 XOF
Average Monthly Salary
245,083 XOF

Lowest Annual Salary
1,464,200 XOF
Lowest Monthly Salary
122,016 XOF

Highest Annual Salary
4,548,600 XOF
Highest Monthly Salary
379,050 XOF

These are average salaries for a Research Analyst in Guinea-Bissau and include benefits such as housing and transport. It's also possible for a Research Analyst to earn more or less than the average salaries shown above.

Research Analyst 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 Research Analyst Salaries in Guinea-Bissau

So we've looked at the average salaries a Research Analyst will earn in Guinea-Bissau. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Research Analyst can earn between 1,464,200 XOF and 4,548,600 XOF on average in Guinea-Bissau. 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 Research Analyst in Guinea-Bissau is 2,941,000 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,941,000 XOF, and 50% of the population earn more than 2,941,000 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 Research Analyst salary in Guinea-Bissau, 25% of the population are earning less than 1,980,600 XOF while 75% of the population earn more than 1,980,600 XOF.

75% of the population earn less than 3,745,100 XOF, and 25% of the population earn more than 3,745,100 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.

Research Analyst Salary by Experience Level in Guinea-Bissau

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 research analyst 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 Research Analyst in Guinea-Bissau that has less than two years of experience can expect to earn somewhere in the region of 1,765,300 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Research Analyst salary would increase to 2,327,100 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Research Analyst, the average salary would be 3,118,900 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,718,600 XOF.
  • 15 - 20 Years Experience. A Research Analyst with 15 to 20 years of experience can earn an average of 4,006,500 XOF.
  • 20+ Years Experience. For a Research Analyst with more than 20 years, the expected average salary increases to 4,309,300 XOF.

Average Salary by Experience Chart

0-2 Years
1,765,300 XOF
2-5 Years +32%
2,327,100 XOF
5-10 Years +34%
3,118,900 XOF
10-15 Years +19%
3,718,600 XOF
15-20 Years +8%
4,006,500 XOF
20+ Years +7%
4,309,300 XOF

Research Analyst Salary by Education Level in Guinea-Bissau

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 Research Analyst in Guinea-Bissau 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 Research Analyst in Guinea-Bissau with a high school education can earn an average salary of 2,207,600 XOF.

  • Certificate or Diploma. A Research Analyst in Guinea-Bissau with a certificate or diploma education can earn an average salary of 2,519,500 XOF.

  • Bachelor's Degree. A Research Analyst in Guinea-Bissau with a bachelor's degree education can earn an average salary of 3,406,900 XOF.

  • Master's Degree. A Research Analyst in Guinea-Bissau with a master's degree education can earn an average salary of 4,309,300 XOF.

Average Salary by Education Chart

High School
2,207,600 XOF
Certificate or Diploma +14%
2,519,500 XOF
Bachelor's Degree +36%
3,406,900 XOF
Master's Degree +26%
4,309,300 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 Guinea-Bissau is around 1,710,000 to 5,120,000 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.

Research Analyst 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 Guinea-Bissau, a male research analyst will earn an average of 3,013,500 XOF, while a female research analyst will earn around 2,831,100 XOF.

This means that a male research analyst earns approximately 6% more than a female research analyst for performing the same job.

Average Salary by Gender Chart in Guinea-Bissau

Male
3,013,500 XOF
Female -6%
2,831,100 XOF

Research Analyst Average Pay Raise in Guinea-Bissau

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 Research Analyst in Guinea-Bissau is around 7% every 28 months.

The national average pay raise across all professions and industries in Guinea-Bissau 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Research Analyst in Guinea-Bissau can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Guinea-Bissau for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Research Analyst Bonus and Incentive Rates in Guinea-Bissau

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 Research Analyst is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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 3% to 6%.

Received Bonus
37%
No Bonus
63%

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 Guinea-Bissau earn approximately 18% more than private sector employees in the same role.

Public Sector
4,345,400 XOF
Private Sector -18%
3,685,200 XOF

Salaries for Jobs Similar to a Research Analyst

In the table below, we have salary information for jobs that are similar to a Research Analyst in Guinea-Bissau.

Job Title Category Salary
Acquisition Associate Real Estate 3,229,900 XOF
Assistant Leasing Manager Real Estate 4,332,900 XOF
Assistant Property Manager Real Estate 4,211,600 XOF
Brokerage Real Estate 3,239,400 XOF
Brokerage Clerk Real Estate 1,751,700 XOF
Commercial Leasing Manager Real Estate 6,624,300 XOF
Commercial Real Estate Manager Real Estate 6,947,800 XOF
Community Development Manager Real Estate 6,024,400 XOF
Compliance Specialist Real Estate 3,071,100 XOF
Development Coordinator Real Estate 3,061,300 XOF
Director of Real Estate Real Estate 7,499,500 XOF
Lease Administrator Real Estate 3,934,900 XOF
Leasing Agent Real Estate 3,514,400 XOF
Leasing Consultant Real Estate 3,781,400 XOF
Leasing Manager Real Estate 4,355,800 XOF
Lettings Assistant Real Estate 1,560,800 XOF
Portfolio Analyst Real Estate 5,340,600 XOF
Portfolio Manager Real Estate 7,246,500 XOF
Property Acquisition Agent Real Estate 2,987,000 XOF
Property and Claims Specialist Real Estate 4,056,200 XOF
Property Manager Real Estate 4,690,500 XOF
Property Operations Manager Real Estate 6,984,300 XOF
Property Tax Assistant Real Estate 3,288,400 XOF
Real Estate Administrator Real Estate 3,490,200 XOF
Real Estate Agent Real Estate 3,553,500 XOF
Real Estate Analyst Real Estate 4,380,400 XOF
Real Estate Appraiser Real Estate 3,553,500 XOF
Real Estate Appraiser Real Estate 3,586,300 XOF
Real Estate Appraiser Real Estate 3,622,400 XOF
Real Estate Assistant Real Estate 3,168,300 XOF
Real Estate Association Manager Real Estate 4,510,700 XOF
Real Estate Broker Real Estate 3,323,300 XOF
Real Estate General Manager Real Estate 6,624,300 XOF
Real Estate Project Director Real Estate 6,577,500 XOF
Real Estate Project Manager Real Estate 6,096,900 XOF
Real Estate Sales Agent Real Estate 3,406,900 XOF
Real Estate Valuer Real Estate 3,490,200 XOF
Residential Advisor Real Estate 4,079,300 XOF
Residential Property Manager Real Estate 4,762,300 XOF
Shopping Center Manager Real Estate 6,922,100 XOF
Town Planner Real Estate 6,780,300 XOF

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