Average Risk Officer Salary in Burundi for 2024

In this article, we will look at the average Risk Officer salary for 2024 in Burundi 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 Burundian franc. To keep things simple, we are using the BIF currency code instead of the currency symbol Fr.

How Much Does a Risk Officer Make in Burundi?

A Risk Officer working in Burundi will typically earn around 15,480,300 BIF per year, and this can range from the lowest average salary of about 7,140,500 BIF to the highest average salary of 24,718,600 BIF.

Average Annual Salary
15,480,300 BIF
Average Monthly Salary
1,290,025 BIF

Lowest Annual Salary
7,140,500 BIF
Lowest Monthly Salary
595,041 BIF

Highest Annual Salary
24,718,600 BIF
Highest Monthly Salary
2,059,883 BIF

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

Risk 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 Risk Officer Salaries in Burundi

So we've looked at the average salaries a Risk Officer will earn in Burundi. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk Officer can earn between 7,140,500 BIF and 24,718,600 BIF on average in Burundi. 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 Risk Officer in Burundi is 16,799,900 BIF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 16,799,900 BIF, and 50% of the population earn more than 16,799,900 BIF.

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 Risk Officer salary in Burundi, 25% of the population are earning less than 10,762,500 BIF while 75% of the population earn more than 10,762,500 BIF.

75% of the population earn less than 22,441,700 BIF, and 25% of the population earn more than 22,441,700 BIF.

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.

Risk Officer Salary by Experience Level in Burundi

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 risk 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. A Risk Officer in Burundi that has less than two years of experience can expect to earn somewhere in the region of 8,111,500 BIF.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Officer salary would increase to 10,824,400 BIF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Officer, the average salary would be 15,960,700 BIF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 19,558,300 BIF.
  • 15 - 20 Years Experience. A Risk Officer with 15 to 20 years of experience can earn an average of 21,241,100 BIF.
  • 20+ Years Experience. For a Risk Officer with more than 20 years, the expected average salary increases to 23,040,200 BIF.

Average Salary by Experience Chart

0-2 Years
8,111,500 BIF
2-5 Years +34%
10,824,400 BIF
5-10 Years +48%
15,960,700 BIF
10-15 Years +22%
19,558,300 BIF
15-20 Years +9%
21,241,100 BIF
20+ Years +8%
23,040,200 BIF

Risk Officer Salary by Education Level in Burundi

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 Risk Officer in Burundi 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 Risk Officer in Burundi with a high school education can earn an average salary of 9,946,300 BIF.

  • Certificate or Diploma. A Risk Officer in Burundi with a certificate or diploma education can earn an average salary of 11,699,900 BIF.

  • Bachelor's Degree. A Risk Officer in Burundi with a bachelor's degree education can earn an average salary of 16,918,700 BIF.

  • Master's Degree. A Risk Officer in Burundi with a master's degree education can earn an average salary of 22,198,500 BIF.

Average Salary by Education Chart

High School
9,946,300 BIF
Certificate or Diploma +18%
11,699,900 BIF
Bachelor's Degree +45%
16,918,700 BIF
Master's Degree +31%
22,198,500 BIF

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 Burundi is around 5,910,000 to 17,700,000 BIF 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.

Risk 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 Burundi, a male risk officer will earn an average of 17,039,100 BIF, while a female risk officer will earn around 14,038,300 BIF.

This means that a male risk officer earns approximately 21% more than a female risk officer for performing the same job.

Average Salary by Gender Chart in Burundi

Male
17,039,100 BIF
Female -21%
14,038,300 BIF

Risk Officer Average Pay Raise in Burundi

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 Risk Officer in Burundi is around 8% every 28 months.

The national average pay raise across all professions and industries in Burundi 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 ÷ 28 ) × 12  = 3%

What this means is that a Risk Officer in Burundi can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Burundi for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Risk Officer Bonus and Incentive Rates in Burundi

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 Risk Officer is a low bonus based job, with 16% of employees reporting at least one bonus in the last 12 months.

84% 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
16%
No Bonus
84%

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 Burundi earn approximately 17% more than private sector employees in the same role.

Public Sector
15,480,300 BIF
Private Sector -17%
13,199,100 BIF

Salaries for Jobs Similar to a Risk Officer

In the table below, we have salary information for jobs that are similar to a Risk Officer in Burundi.

Job Title Category Salary
Account Coordinator Executive and Management 12,958,200 BIF
Account Director Executive and Management 16,679,800 BIF
Account Executive Executive and Management 16,320,700 BIF
Account Manager Executive and Management 16,198,300 BIF
Administration Manager Executive and Management 16,198,300 BIF
Administration Officer Executive and Management 8,915,100 BIF
Administration Supervisor Executive and Management 13,079,500 BIF
Administrative Clerk Executive and Management 6,721,800 BIF
Administrative Officer Executive and Management 6,493,000 BIF
Area Director Executive and Management 14,880,300 BIF
Area Manager Executive and Management 14,639,900 BIF
Asset Protection Associate Executive and Management 18,001,100 BIF
Assistant Director Executive and Management 16,799,900 BIF
Assistant General Manager Executive and Management 18,001,100 BIF
Assistant Manager Executive and Management 16,918,700 BIF
Assistant Managing Director Executive and Management 19,321,100 BIF
Assistant Operations Manager Executive and Management 18,001,100 BIF
Assistant Project Manager Executive and Management 17,159,700 BIF
Assistant Section Head Executive and Management 13,798,900 BIF
Assistant to CEO Executive and Management 15,480,300 BIF
Assistant Vice President Executive and Management 18,121,700 BIF
Associate Account Director Executive and Management 16,918,700 BIF
Associate Director Executive and Management 17,519,700 BIF
Bid Manager Executive and Management 19,321,100 BIF
Branch Manager Executive and Management 18,958,500 BIF
Business Development Manager Executive and Management 20,999,200 BIF
Business Operations Associate Executive and Management 16,320,700 BIF
Business Operations Lead Executive and Management 17,519,700 BIF
Campaign Manager Executive and Management 17,758,500 BIF
Catering Coordinator Executive and Management 9,778,900 BIF
Catering Manager Executive and Management 16,799,900 BIF
CEO Executive and Management 33,001,000 BIF
Chairman of The Board Executive and Management 31,440,200 BIF
Chairman Office Manager Executive and Management 21,361,700 BIF
Chief Commercial Officer Executive and Management 22,918,100 BIF
Chief Corporate Officer Executive and Management 24,718,600 BIF
Chief Executive Officer Executive and Management 31,081,900 BIF
Chief Financial Officer Executive and Management 29,881,100 BIF
Chief Investment Officer Executive and Management 22,799,000 BIF
Chief of Staff Executive and Management 15,238,200 BIF
Chief Operating Officer Executive and Management 24,119,700 BIF
Chief Risk Officer Executive and Management 21,361,700 BIF
Client Account Manager Executive and Management 19,439,300 BIF
Client Accounts Officer Executive and Management 17,039,100 BIF
Client Services Manager Executive and Management 20,878,800 BIF
Commercial Director Executive and Management 22,081,800 BIF
Commercial Manager Executive and Management 18,840,100 BIF
Commercial Project Manager Executive and Management 17,640,500 BIF
Commodity Broker Executive and Management 13,919,600 BIF
COO Executive and Management 23,159,200 BIF
Corporate Affairs Executive Executive and Management 18,479,600 BIF
Corporate Compliance Director Executive and Management 21,599,000 BIF
Corporate Director Executive and Management 21,361,700 BIF
Corporate Officer Executive and Management 14,519,400 BIF
Corporate Partnerships Officer Executive and Management 15,599,800 BIF
Country Manager Executive and Management 25,079,200 BIF
Department Head Executive and Management 19,799,400 BIF
Department Manager Executive and Management 20,518,900 BIF
Department Supervisor Executive and Management 16,679,800 BIF
Deputy Director Executive and Management 22,799,000 BIF
Deputy Manager Executive and Management 23,399,000 BIF
Director Executive and Management 24,359,000 BIF
Director of Accreditation Executive and Management 22,081,800 BIF
Director of Catering Services Executive and Management 18,598,500 BIF
Director of Client Services Executive and Management 20,999,200 BIF
Director of Facilities Management Executive and Management 17,640,500 BIF
Director of Operations Executive and Management 20,999,200 BIF
Director of Process Simplification Executive and Management 17,399,400 BIF
Director of Product Management Executive and Management 21,478,100 BIF
Director of Project Management Executive and Management 22,558,900 BIF
Director of Revenue Management Executive and Management 20,400,600 BIF
Director of Training and Development Executive and Management 20,159,800 BIF
Distribution Manager Executive and Management 22,321,900 BIF
Division Manager Executive and Management 18,598,500 BIF
Duty Manager Executive and Management 18,001,100 BIF
Engagement Manager Executive and Management 22,198,500 BIF
Executive Director Executive and Management 30,001,600 BIF
Executive Manager Executive and Management 25,919,400 BIF
Franchise Manager Executive and Management 26,158,200 BIF
General Manager Executive and Management 24,599,500 BIF
Global Master Data Manager Executive and Management 21,841,900 BIF
Global Technical Lead Executive and Management 14,639,900 BIF
Head of Investment Executive and Management 21,241,100 BIF
Head of Middle Office Executive and Management 19,200,400 BIF
Head of Projects Executive and Management 21,599,000 BIF
Head of Strategy Executive and Management 23,638,700 BIF
Head of Supply Chain Executive and Management 19,921,600 BIF
Head of Sustainability Executive and Management 17,159,700 BIF
Housing Manager Executive and Management 17,278,100 BIF
HSE Manager Executive and Management 18,359,600 BIF
Key Account Manager Executive and Management 17,278,100 BIF
Knowledge Manager Executive and Management 20,038,100 BIF
Location Manager Executive and Management 20,760,500 BIF
Logistics Executive Executive and Management 16,198,300 BIF
Logistics Manager Executive and Management 16,079,800 BIF
Management Consultant Executive and Management 17,278,100 BIF
Management Executive Executive and Management 23,878,400 BIF
Manager Executive and Management 21,719,900 BIF
Managing Director Executive and Management 24,599,500 BIF
MIS Executive Executive and Management 22,441,700 BIF
Ocean Services Manager Executive and Management 22,081,800 BIF
Operational Manager Executive and Management 21,361,700 BIF
Operations Analyst Executive and Management 19,078,500 BIF
Operations Assistant Executive and Management 15,360,400 BIF
Operations Director Executive and Management 24,599,500 BIF
Operations Executive Executive and Management 23,759,100 BIF
Operations Manager Executive and Management 22,799,000 BIF
Operations Supervisor Executive and Management 20,400,600 BIF
Planning Director Executive and Management 22,441,700 BIF
PMO Manager Executive and Management 20,159,800 BIF
Policy Administration Executive Executive and Management 17,758,500 BIF
Private Sector Executive Executive and Management 18,121,700 BIF
Product Development Manager Executive and Management 21,961,700 BIF
Product Executive Executive and Management 19,439,300 BIF
Production Executive Executive and Management 22,198,500 BIF
Production Manager Executive and Management 21,478,100 BIF
Production Supervisor Executive and Management 18,359,600 BIF
Program Director Executive and Management 22,321,900 BIF
Program Manager Executive and Management 21,599,000 BIF
Programme Coordinator Executive and Management 15,480,300 BIF
Project Control Manager Executive and Management 22,918,100 BIF
Project Coordinator Executive and Management 13,679,300 BIF
Project Management Officer Executive and Management 14,760,200 BIF
Project Manager Executive and Management 15,480,300 BIF
Project Portfolio Manager Executive and Management 17,278,100 BIF
Quality Manager Executive and Management 17,278,100 BIF
R/D Director Executive and Management 18,239,400 BIF
Regional Director Executive and Management 30,360,800 BIF
Regional Manager Executive and Management 22,558,900 BIF
Relationship Manager Executive and Management 20,518,900 BIF
Retail District Manager Executive and Management 14,639,900 BIF
Revenue Manager Executive and Management 17,758,500 BIF
Risk and Capital Manager Executive and Management 24,841,800 BIF
Safety Manager Executive and Management 15,480,300 BIF
Section Head Executive and Management 16,320,700 BIF
Service Manager Executive and Management 17,278,100 BIF
Shift Supervisor Executive and Management 13,441,600 BIF
Solutions Manager Executive and Management 14,760,200 BIF
Supervisor Executive and Management 13,199,100 BIF
Supply Chain Manager Executive and Management 23,399,000 BIF
Surveyor Executive and Management 14,519,400 BIF
Technical Director Executive and Management 20,281,100 BIF
Technical Manager Executive and Management 20,400,600 BIF
Territory Manager Executive and Management 21,841,900 BIF
Validation Manager Executive and Management 17,519,700 BIF
Vice President Executive and Management 26,759,500 BIF
Zone Manager Executive and Management 21,719,900 BIF

Salary Comparison by City

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

City Average Salary
Bujumbura 17,039,100 BIF

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