Average Securities Sales Agent Salary in Eritrea for 2024

In this article, we will look at the average Securities Sales Agent salary for 2024 in Eritrea 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 Eritrean nakfa. To keep things simple, we are using the ERN currency code instead of the currency symbol Nfk.

How Much Does a Securities Sales Agent Make in Eritrea?

A Securities Sales Agent working in Eritrea will typically earn around 89,120 ERN per year, and this can range from the lowest average salary of about 45,560 ERN to the highest average salary of 137,400 ERN.

Average Annual Salary
89,120 ERN
Average Monthly Salary
7,426 ERN

Lowest Annual Salary
45,560 ERN
Lowest Monthly Salary
3,796 ERN

Highest Annual Salary
137,400 ERN
Highest Monthly Salary
11,450 ERN

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

Securities Sales Agent 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 Securities Sales Agent Salaries in Eritrea

So we've looked at the average salaries a Securities Sales Agent will earn in Eritrea. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Securities Sales Agent can earn between 45,560 ERN and 137,400 ERN on average in Eritrea. 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 Securities Sales Agent in Eritrea is 89,120 ERN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 89,120 ERN, and 50% of the population earn more than 89,120 ERN.

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 Securities Sales Agent salary in Eritrea, 25% of the population are earning less than 59,940 ERN while 75% of the population earn more than 59,940 ERN.

75% of the population earn less than 113,280 ERN, and 25% of the population earn more than 113,280 ERN.

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.

Securities Sales Agent Salary by Experience Level in Eritrea

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 securities sales agent 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 Securities Sales Agent in Eritrea that has less than two years of experience can expect to earn somewhere in the region of 53,840 ERN.
  • 2 - 5 Years Experience. With two to five years of experience the average Securities Sales Agent salary would increase to 71,700 ERN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Securities Sales Agent, the average salary would be 93,340 ERN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 112,560 ERN.
  • 15 - 20 Years Experience. A Securities Sales Agent with 15 to 20 years of experience can earn an average of 119,900 ERN.
  • 20+ Years Experience. For a Securities Sales Agent with more than 20 years, the expected average salary increases to 128,500 ERN.

Average Salary by Experience Chart

0-2 Years
53,840 ERN
2-5 Years +32%
71,700 ERN
5-10 Years +34%
93,340 ERN
10-15 Years +19%
112,560 ERN
15-20 Years +8%
119,900 ERN
20+ Years +7%
128,500 ERN

Securities Sales Agent Salary by Education Level in Eritrea

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 Securities Sales Agent in Eritrea 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 Securities Sales Agent in Eritrea with a high school education can earn an average salary of 71,700 ERN.

  • Certificate or Diploma. A Securities Sales Agent in Eritrea with a certificate or diploma education can earn an average salary of 97,840 ERN.

  • Bachelor's Degree. A Securities Sales Agent in Eritrea with a bachelor's degree education can earn an average salary of 123,400 ERN.

Average Salary by Education Chart

High School
71,700 ERN
Certificate or Diploma +40%
97,840 ERN
Bachelor's Degree +25%
123,400 ERN

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 Eritrea is around 34,200 to 103,000 ERN 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.

Securities Sales Agent 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 Eritrea, a male securities sales agent will earn an average of 89,340 ERN, while a female securities sales agent will earn around 87,020 ERN.

This means that a male securities sales agent earns approximately 3% more than a female securities sales agent for performing the same job.

Average Salary by Gender Chart in Eritrea

Male
89,340 ERN
Female -3%
87,020 ERN

Securities Sales Agent Average Pay Raise in Eritrea

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 Securities Sales Agent in Eritrea is around 7% every 29 months.

The national average pay raise across all professions and industries in Eritrea 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Securities Sales Agent in Eritrea can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Eritrea for 2024

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

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%

Securities Sales Agent Bonus and Incentive Rates in Eritrea

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 Securities Sales Agent is a moderate bonus based job, with 62% of employees reporting at least one bonus in the last 12 months.

38% 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 8%.

Received Bonus
62%
No Bonus
38%

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 Eritrea earn approximately 24% more than private sector employees in the same role.

Public Sector
90,540 ERN
Private Sector -24%
72,740 ERN

Salaries for Jobs Similar to a Securities Sales Agent

In the table below, we have salary information for jobs that are similar to a Securities Sales Agent in Eritrea.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 91,380 ERN
Account Officer Sales Retail and Wholesale 50,240 ERN
Area Manager Sales Retail and Wholesale 94,940 ERN
Area Sales Director Sales Retail and Wholesale 164,200 ERN
Area Sales Manager Sales Retail and Wholesale 125,700 ERN
Assisstant Store Supervisor Sales Retail and Wholesale 54,560 ERN
Assistant Department Manager Sales Retail and Wholesale 63,500 ERN
Assistant Retail Store Manager Sales Retail and Wholesale 76,540 ERN
Branch Manager Sales Retail and Wholesale 98,960 ERN
Branch Supervisor Sales Retail and Wholesale 83,900 ERN
Cashier Sales Retail and Wholesale 27,560 ERN
Cashier Manager Sales Retail and Wholesale 69,060 ERN
Commercial Sales Manager Sales Retail and Wholesale 136,200 ERN
Corporate Sales Manager Sales Retail and Wholesale 110,120 ERN
Depot Manager Sales Retail and Wholesale 91,840 ERN
Depot Supervisor Sales Retail and Wholesale 83,760 ERN
Deputy Sales Manager Sales Retail and Wholesale 84,580 ERN
Director of Sales Sales Retail and Wholesale 161,300 ERN
Distribution Director Sales Retail and Wholesale 112,560 ERN
District Leader Sales Retail and Wholesale 85,080 ERN
District Manager Sales Retail and Wholesale 95,420 ERN
District Sales Manager Sales Retail and Wholesale 94,380 ERN
External Sales Account Manager Sales Retail and Wholesale 93,880 ERN
Field Sales Representative Sales Retail and Wholesale 65,800 ERN
Furniture Sales Associate Sales Retail and Wholesale 42,960 ERN
Global Wholesale Manager Sales Retail and Wholesale 169,000 ERN
Head Cashier Sales Retail and Wholesale 64,300 ERN
Head of Direct Sales Sales Retail and Wholesale 125,100 ERN
Head of Retail Sales Retail and Wholesale 119,900 ERN
Head Teller Sales Retail and Wholesale 62,060 ERN
Inside Sales Sales Retail and Wholesale 51,080 ERN
Inside Sales Account Manager Sales Retail and Wholesale 73,760 ERN
Inside Sales Engineer Sales Retail and Wholesale 57,900 ERN
Inside Sales Executive Sales Retail and Wholesale 80,840 ERN
Inside Sales Representative Sales Retail and Wholesale 56,060 ERN
Internal Sales Manager Sales Retail and Wholesale 93,880 ERN
Inventory Manager Sales Retail and Wholesale 89,960 ERN
Key Account Manager Sales Retail and Wholesale 90,620 ERN
Medical Device Sales Sales Retail and Wholesale 73,820 ERN
Medical Device Sales Representative Sales Retail and Wholesale 71,020 ERN
Merchandiser Sales Retail and Wholesale 64,040 ERN
National Account Manager Sales Retail and Wholesale 128,500 ERN
National Customer Solution Specialist Sales Retail and Wholesale 103,600 ERN
National Sales Manager Sales Retail and Wholesale 172,400 ERN
Outside Sales Representative Sales Retail and Wholesale 63,480 ERN
Parts Salesperson Sales Retail and Wholesale 52,460 ERN
Project Development Manager Sales Retail and Wholesale 102,460 ERN
Project Manager Sales Retail and Wholesale 99,920 ERN
Project Sales Executive Sales Retail and Wholesale 105,880 ERN
Purchasing and Sales Executive Sales Retail and Wholesale 137,400 ERN
Quotation Engineer Sales Retail and Wholesale 54,180 ERN
Regional Sales Director Sales Retail and Wholesale 172,200 ERN
Regional Sales Manager Sales Retail and Wholesale 167,100 ERN
Relationship Manager Sales Retail and Wholesale 107,900 ERN
Retail Merchandiser Sales Retail and Wholesale 38,680 ERN
Retail Operations Manager Sales Retail and Wholesale 97,060 ERN
Retail Sales Associate Sales Retail and Wholesale 77,640 ERN
Retail Sales Representative Sales Retail and Wholesale 59,940 ERN
Retail Salesperson Sales Retail and Wholesale 54,460 ERN
Retail Store Manager Sales Retail and Wholesale 105,880 ERN
Retail Store Sales Person Sales Retail and Wholesale 50,620 ERN
Revenue Manager Sales Retail and Wholesale 93,880 ERN
Sales Account Manager Sales Retail and Wholesale 116,180 ERN
Sales Admin Executive Sales Retail and Wholesale 129,000 ERN
Sales Administration Manager Sales Retail and Wholesale 125,100 ERN
Sales Analyst Sales Retail and Wholesale 92,680 ERN
Sales Assistant Sales Retail and Wholesale 37,740 ERN
Sales Associate Sales Retail and Wholesale 50,520 ERN
Sales Consultant Sales Retail and Wholesale 78,500 ERN
Sales Coordinator Sales Retail and Wholesale 56,640 ERN
Sales Development Representative Sales Retail and Wholesale 65,800 ERN
Sales Director Sales Retail and Wholesale 161,300 ERN
Sales Engineer Sales Retail and Wholesale 55,320 ERN
Sales Executive Sales Retail and Wholesale 101,860 ERN
Sales Manager Sales Retail and Wholesale 138,200 ERN
Sales Officer Sales Retail and Wholesale 58,200 ERN
Sales Planner Sales Retail and Wholesale 83,300 ERN
Sales Planning Analyst Sales Retail and Wholesale 84,800 ERN
Sales Representative Sales Retail and Wholesale 50,340 ERN
Sales Service Associate Sales Retail and Wholesale 49,360 ERN
Sales Specialist Sales Retail and Wholesale 74,380 ERN
Sales Supervisor Sales Retail and Wholesale 88,580 ERN
Sales Support Sales Retail and Wholesale 39,800 ERN
Sales Support Manager Sales Retail and Wholesale 80,280 ERN
Sales Team Leader Sales Retail and Wholesale 87,000 ERN
Sales Trainer Sales Retail and Wholesale 96,220 ERN
Shipper / Receiver Sales Retail and Wholesale 37,740 ERN
Shop Manager Sales Retail and Wholesale 91,320 ERN
Store Development Administrator Sales Retail and Wholesale 66,180 ERN
Store Manager Sales Retail and Wholesale 102,240 ERN
Territory Sales Manager Sales Retail and Wholesale 128,900 ERN
Territory Sales Representative Sales Retail and Wholesale 69,720 ERN
Trade Marketing Officer Sales Retail and Wholesale 85,700 ERN
Treasury Officer Sales Retail and Wholesale 86,460 ERN
Vice President Sales Sales Retail and Wholesale 124,400 ERN
Visual Merchandiser Sales Retail and Wholesale 42,960 ERN

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