Average Securities Sales Agent Salary in Senegal for 2024

In this article, we will look at the average Securities Sales Agent salary for 2024 in Senegal 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 Securities Sales Agent Make in Senegal?

A Securities Sales Agent working in Senegal will typically earn around 4,201,000 XOF per year, and this can range from the lowest average salary of about 2,052,200 XOF to the highest average salary of 6,552,400 XOF.

Average Annual Salary
4,201,000 XOF
Average Monthly Salary
350,083 XOF

Lowest Annual Salary
2,052,200 XOF
Lowest Monthly Salary
171,016 XOF

Highest Annual Salary
6,552,400 XOF
Highest Monthly Salary
546,033 XOF

These are average salaries for a Securities Sales Agent in Senegal 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 Senegal

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

Salary ranges

We already know that a Securities Sales Agent can earn between 2,052,200 XOF and 6,552,400 XOF on average in Senegal. 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 Senegal is 4,282,500 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 4,282,500 XOF, and 50% of the population earn more than 4,282,500 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 Securities Sales Agent salary in Senegal, 25% of the population are earning less than 2,854,700 XOF while 75% of the population earn more than 2,854,700 XOF.

75% of the population earn less than 5,518,700 XOF, and 25% of the population earn more than 5,518,700 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.

Securities Sales Agent Salary by Experience Level in Senegal

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 Senegal that has less than two years of experience can expect to earn somewhere in the region of 2,435,600 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Securities Sales Agent salary would increase to 3,132,800 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Securities Sales Agent, the average salary would be 4,320,200 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 5,351,400 XOF.
  • 15 - 20 Years Experience. A Securities Sales Agent with 15 to 20 years of experience can earn an average of 5,735,900 XOF.
  • 20+ Years Experience. For a Securities Sales Agent with more than 20 years, the expected average salary increases to 6,118,800 XOF.

Average Salary by Experience Chart

0-2 Years
2,435,600 XOF
2-5 Years +29%
3,132,800 XOF
5-10 Years +38%
4,320,200 XOF
10-15 Years +24%
5,351,400 XOF
15-20 Years +7%
5,735,900 XOF
20+ Years +7%
6,118,800 XOF

Securities Sales Agent Salary by Education Level in Senegal

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 Senegal 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 Senegal with a high school education can earn an average salary of 3,132,800 XOF.

  • Certificate or Diploma. A Securities Sales Agent in Senegal with a certificate or diploma education can earn an average salary of 4,475,900 XOF.

  • Bachelor's Degree. A Securities Sales Agent in Senegal with a bachelor's degree education can earn an average salary of 6,193,900 XOF.

Average Salary by Education Chart

High School
3,132,800 XOF
Certificate or Diploma +43%
4,475,900 XOF
Bachelor's Degree +38%
6,193,900 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 Senegal is around 1,750,000 to 5,250,000 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.

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 Senegal, a male securities sales agent will earn an average of 4,369,800 XOF, while a female securities sales agent will earn around 3,934,900 XOF.

This means that a male securities sales agent earns approximately 11% more than a female securities sales agent for performing the same job.

Average Salary by Gender Chart in Senegal

Male
4,369,800 XOF
Female -11%
3,934,900 XOF

Securities Sales Agent Average Pay Raise in Senegal

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 Senegal is around 8% every 28 months.

The national average pay raise across all professions and industries in Senegal 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 Securities Sales Agent in Senegal can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Senegal for 2024

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

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%

Securities Sales Agent Bonus and Incentive Rates in Senegal

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 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 5% to 9%.

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

Public Sector
4,537,100 XOF
Private Sector -14%
3,996,300 XOF

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 Senegal.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 4,633,100 XOF
Account Officer Sales Retail and Wholesale 2,508,300 XOF
Area Manager Sales Retail and Wholesale 5,029,900 XOF
Area Sales Director Sales Retail and Wholesale 8,051,500 XOF
Area Sales Manager Sales Retail and Wholesale 6,875,100 XOF
Assisstant Store Supervisor Sales Retail and Wholesale 2,878,300 XOF
Assistant Department Manager Sales Retail and Wholesale 3,144,700 XOF
Assistant Retail Store Manager Sales Retail and Wholesale 3,696,900 XOF
Branch Manager Sales Retail and Wholesale 5,029,900 XOF
Branch Supervisor Sales Retail and Wholesale 4,187,600 XOF
Cashier Sales Retail and Wholesale 1,500,800 XOF
Cashier Manager Sales Retail and Wholesale 3,239,400 XOF
Commercial Sales Manager Sales Retail and Wholesale 6,587,900 XOF
Corporate Sales Manager Sales Retail and Wholesale 5,890,200 XOF
Depot Manager Sales Retail and Wholesale 4,548,600 XOF
Depot Supervisor Sales Retail and Wholesale 4,162,800 XOF
Deputy Sales Manager Sales Retail and Wholesale 4,654,300 XOF
Director of Sales Sales Retail and Wholesale 7,882,800 XOF
Distribution Director Sales Retail and Wholesale 5,197,600 XOF
District Leader Sales Retail and Wholesale 3,996,300 XOF
District Manager Sales Retail and Wholesale 5,172,800 XOF
District Sales Manager Sales Retail and Wholesale 4,919,600 XOF
External Sales Account Manager Sales Retail and Wholesale 4,391,800 XOF
Field Sales Representative Sales Retail and Wholesale 3,144,700 XOF
Furniture Sales Associate Sales Retail and Wholesale 2,124,400 XOF
Global Wholesale Manager Sales Retail and Wholesale 9,094,100 XOF
Head Cashier Sales Retail and Wholesale 3,023,200 XOF
Head of Direct Sales Sales Retail and Wholesale 6,203,500 XOF
Head of Retail Sales Retail and Wholesale 5,940,300 XOF
Head Teller Sales Retail and Wholesale 2,998,500 XOF
Inside Sales Sales Retail and Wholesale 2,519,500 XOF
Inside Sales Account Manager Sales Retail and Wholesale 3,996,300 XOF
Inside Sales Engineer Sales Retail and Wholesale 2,914,600 XOF
Inside Sales Executive Sales Retail and Wholesale 4,270,100 XOF
Inside Sales Representative Sales Retail and Wholesale 2,748,900 XOF
Internal Sales Manager Sales Retail and Wholesale 4,966,200 XOF
Inventory Manager Sales Retail and Wholesale 4,690,500 XOF
Key Account Manager Sales Retail and Wholesale 4,594,300 XOF
Medical Device Sales Sales Retail and Wholesale 3,733,300 XOF
Medical Device Sales Representative Sales Retail and Wholesale 3,696,900 XOF
Merchandiser Sales Retail and Wholesale 3,047,800 XOF
National Account Manager Sales Retail and Wholesale 6,035,400 XOF
National Customer Solution Specialist Sales Retail and Wholesale 5,363,700 XOF
National Sales Manager Sales Retail and Wholesale 8,448,800 XOF
Outside Sales Representative Sales Retail and Wholesale 3,288,400 XOF
Parts Salesperson Sales Retail and Wholesale 2,662,900 XOF
Project Development Manager Sales Retail and Wholesale 5,340,600 XOF
Project Manager Sales Retail and Wholesale 5,053,200 XOF
Project Sales Executive Sales Retail and Wholesale 4,991,200 XOF
Purchasing and Sales Executive Sales Retail and Wholesale 7,045,600 XOF
Quotation Engineer Sales Retail and Wholesale 2,566,100 XOF
Regional Sales Director Sales Retail and Wholesale 8,279,300 XOF
Regional Sales Manager Sales Retail and Wholesale 8,411,800 XOF
Relationship Manager Sales Retail and Wholesale 5,628,400 XOF
Retail Merchandiser Sales Retail and Wholesale 2,003,200 XOF
Retail Operations Manager Sales Retail and Wholesale 4,931,400 XOF
Retail Sales Associate Sales Retail and Wholesale 3,733,300 XOF
Retail Sales Representative Sales Retail and Wholesale 2,976,900 XOF
Retail Salesperson Sales Retail and Wholesale 2,629,100 XOF
Retail Store Manager Sales Retail and Wholesale 4,991,200 XOF
Retail Store Sales Person Sales Retail and Wholesale 2,557,100 XOF
Revenue Manager Sales Retail and Wholesale 4,966,200 XOF
Sales Account Manager Sales Retail and Wholesale 5,507,100 XOF
Sales Admin Executive Sales Retail and Wholesale 6,442,400 XOF
Sales Administration Manager Sales Retail and Wholesale 6,203,500 XOF
Sales Analyst Sales Retail and Wholesale 4,822,700 XOF
Sales Assistant Sales Retail and Wholesale 1,870,400 XOF
Sales Associate Sales Retail and Wholesale 2,557,100 XOF
Sales Consultant Sales Retail and Wholesale 3,586,300 XOF
Sales Coordinator Sales Retail and Wholesale 2,724,700 XOF
Sales Development Representative Sales Retail and Wholesale 3,217,900 XOF
Sales Director Sales Retail and Wholesale 7,499,500 XOF
Sales Engineer Sales Retail and Wholesale 3,013,500 XOF
Sales Executive Sales Retail and Wholesale 4,991,200 XOF
Sales Manager Sales Retail and Wholesale 6,613,100 XOF
Sales Officer Sales Retail and Wholesale 2,617,900 XOF
Sales Planner Sales Retail and Wholesale 3,996,300 XOF
Sales Planning Analyst Sales Retail and Wholesale 4,152,200 XOF
Sales Representative Sales Retail and Wholesale 2,471,700 XOF
Sales Service Associate Sales Retail and Wholesale 2,411,500 XOF
Sales Specialist Sales Retail and Wholesale 3,970,700 XOF
Sales Supervisor Sales Retail and Wholesale 4,345,400 XOF
Sales Support Sales Retail and Wholesale 1,896,700 XOF
Sales Support Manager Sales Retail and Wholesale 4,211,600 XOF
Sales Team Leader Sales Retail and Wholesale 4,006,500 XOF
Sales Trainer Sales Retail and Wholesale 4,739,800 XOF
Shipper / Receiver Sales Retail and Wholesale 2,015,600 XOF
Shop Manager Sales Retail and Wholesale 4,475,900 XOF
Store Development Administrator Sales Retail and Wholesale 3,144,700 XOF
Store Manager Sales Retail and Wholesale 4,822,700 XOF
Territory Sales Manager Sales Retail and Wholesale 6,875,100 XOF
Territory Sales Representative Sales Retail and Wholesale 3,829,500 XOF
Trade Marketing Officer Sales Retail and Wholesale 4,355,800 XOF
Treasury Officer Sales Retail and Wholesale 4,043,600 XOF
Vice President Sales Sales Retail and Wholesale 6,382,300 XOF
Visual Merchandiser Sales Retail and Wholesale 2,290,300 XOF

Salary Comparison by City

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

City Average Salary
Dakar 4,991,200 XOF

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