Financial Actuary Average Salary in Algeria 2024
How much money does a person working as Financial Actuary make in Algeria?
LOW
93,300
DZD AVERAGE
203,000
DZD HIGH
322,000
DZD
A person working as Financial Actuary in Algeria typically earns around 203,000 DZD. Salaries range from 93,300 DZD (lowest) to 322,000 DZD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Actuary salaries in Algeria vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Actuary Pay Scale and Salaries in Algeria
Salary Structure and Pay Scale Comparison
192,000 DZD or more
169,000 to 192,000 DZD
116,000 DZD or less
116,000 to 169,000 DZD
 93,300 DZD |
194,000 DZD |
322,000 DZD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Financial Actuary in Algeria range from 93,300 DZD (starting salary) to 322,000 DZD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 194,000 DZD, half of the professionals who work as Financial Actuary in Algeria earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Financial Actuary in Algeria earn less than 156,000 DZD, while 75% earn more. Similarly, the chart shows that 75% earn less than 223,000 DZD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Financial Actuary in Algeria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 116,000 DZD to 169,000 DZD. About 20% of salaries are below the 116,000 DZD mark, while 10% fall within the range of 169,000 DZD to 192,000 DZD. Only 5% of individuals have salaries exceeding 192,000 DZD.
Salary Comparison by Years of Experience / Financial Actuary / Algeria
How do experience and age affect pay?
| 0 - 2 Years | 106,000 DZD | |
| 2 - 5 Years | +34% | 141,000 DZD |
| 5 - 10 Years | +48% | 209,000 DZD |
| 10 - 15 Years | +22% | 255,000 DZD |
| 15 - 20 Years | +9% | 278,000 DZD |
| 20+ Years | +8% | 301,000 DZD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Financial Actuary and this is what we found.
Employees with less than two years of experience earn approximately 106,000 DZD.
While someone with an experience level between two and five years is expected to earn 141,000 DZD, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 209,000 DZD, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 255,000 DZD, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 278,000 DZD, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 301,000 DZD, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Actuary / Algeria
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Actuary.
| High School | 130,000 DZD | |
| Certificate or Diploma | +18% | 153,000 DZD |
| Bachelor's Degree | +45% | 222,000 DZD |
| Master's Degree | +31% | 290,000 DZD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Financial Actuary in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 130,000 DZD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 153,000 DZD, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 222,000 DZD, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 290,000 DZD, 31% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Algeria costs anywhere from 901,000 DZD to 2,700,000 DZD and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Financial Actuary / Algeria
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Financial Actuary in Algeria, the average difference between the salary of male and female employees is 22%.
| Male | 223,000 DZD | |
| Female | -18% | 183,000 DZD |
Salary Comparison By Gender in Algeria for all Careers
Average Annual Salary Increment Percentage / Financial Actuary / Algeria
How much are annual salary increments in Algeria for individuals working as Financial Actuary? How often do employees get salary raises?
Individuals working as Financial Actuary in Algeria are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Algeria / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Financial Actuary / Algeria
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/algeria/accounting-and-finance/financial-actuary/annual-salary-bonus-rate-algeria-financial-actuary.jpg
58% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 42% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
| Received Bonus | 42% | |
| No Bonus | 58% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Financial Actuary / Algeria
1,170 DZD per hourThe average hourly wage (pay per hour) for individuals working as Financial Actuary in Algeria is 1,170 DZD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Financial Actuary in Algeria is 540 DZD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 95,800 DZD | -53% |
| Account Executive | 171,000 DZD | -16% |
| Accountant | 134,000 DZD | -34% |
| Accounting Analyst | 159,000 DZD | -22% |
| Accounting Assistant | 105,000 DZD | -48% |
| Accounting Associate | 90,800 DZD | -55% |
| Accounting Clerk | 79,800 DZD | -61% |
| Accounting Coordinator | 115,000 DZD | -43% |
| Accounting Head | 271,000 DZD |  +34% |
| Accounting Manager | 267,000 DZD | +32% |
| Accounting Officer | 96,200 DZD | -53% |
| Accounting Specialist | 177,000 DZD | -13% |
| Accounting Supervisor | 175,000 DZD | -14% |
| Accounting Technician | 95,500 DZD | -53% |
| Accounting Unit Controller | 217,000 DZD | +7% |
| Accounts Executive | 164,000 DZD | -19% |
| Accounts Officer | 103,000 DZD | -49% |
| Accounts Payable and Receivable Specialist | 138,000 DZD | -32% |
| Accounts Payable Assistant | 107,000 DZD | -47% |
| Accounts Payable Associate | 115,000 DZD | -43% |
| Accounts Payable Clerk | 93,900 DZD | -54% |
| Accounts Payable Manager | 251,000 DZD | +24% |
| Accounts Receivable Administrator | 187,000 DZD | -8% |
| Accounts Receivable Clerk | 94,700 DZD | -53% |
| Accounts Receivable Financial Analyst | 178,000 DZD | -12% |
| Accounts Receivable Manager | 249,000 DZD | +23% |
| Accounts Receivable Team Leader | 187,000 DZD | -8% |
| Algorithmic Trading Specialist | 239,000 DZD | +18% |
| Assistant Accountant | 97,000 DZD | -52% |
| Assistant Accounting Manager | 251,000 DZD | +24% |
| Assistant Auditor | 129,000 DZD | -36% |
| Assistant Corporate Controller | 184,000 DZD | -9% |
| Assistant Finance Manager | 286,000 DZD | +41% |
| Assistant Financial Controller | 183,000 DZD | -10% |
| Audit Director | 298,000 DZD | +47% |
| Audit Supervisor | 238,000 DZD | +17% |
| Auditing Clerk | 103,000 DZD | -49% |
| Auditing Manager | 276,000 DZD | +36% |
| Billing Clerk | 97,400 DZD | -52% |
| Billing Coordinator | 117,000 DZD | -42% |
| Billing Specialist | 140,000 DZD | -31% |
| Billing Supervisor | 205,000 DZD | +1% |
| Bookkeeper | 88,700 DZD | -56% |
| Bookkeeping Specialist | 130,000 DZD | -36% |
| Budget Analyst | 233,000 DZD | +15% |
| Budget Manager | 280,000 DZD | +38% |
| Business Support Analyst | 146,000 DZD | -28% |
| Capital Markets Associate | 198,000 DZD | -2% |
| Cash Flow Analyst | 206,000 DZD | +2% |
| Cash Management Manager | 270,000 DZD | +33% |
| Cash Management Officer | 158,000 DZD | -22% |
| Cashbook Clerk | 89,100 DZD | -56% |
| Chartered Accountant | 176,000 DZD | -13% |
| Chief Accountant | 197,000 DZD | -3% |
| Chief Financial Technology Officer | 277,000 DZD | +37% |
| Collections Clerk | 82,700 DZD | -59% |
| Collections Representative | 117,000 DZD | -42% |
| Collections Specialist | 130,000 DZD | -36% |
| Corporate Controller | 208,000 DZD | +3% |
| Corporate Treasurer | 243,000 DZD | +20% |
| Cost Accountant | 134,000 DZD | -34% |
| Cost Accounting Manager | 254,000 DZD | +25% |
| Cost Accounting Supervisor | 206,000 DZD | +2% |
| Cost Analyst | 205,000 DZD | +1% |
| Credit and Collection Manager | 271,000 DZD | +34% |
| Credit and Collection Staff | 97,400 DZD | -52% |
| Credit and Loans Officer | 93,100 DZD | -54% |
| Credit Controller | 182,000 DZD | -10% |
| Credit Manager | 269,000 DZD | +33% |
| Debt Adviser | 213,000 DZD | +5% |
| Debt Collector | 104,000 DZD | -49% |
| Debtors Clerk | 89,700 DZD | -56% |
| Debtors Controller | 96,200 DZD | -53% |
| Deputy CFO | 375,000 DZD | +85% |
| Deputy Head of Finance | 378,000 DZD | +86% |
| Derivative Trader | 218,000 DZD | +7% |
| Director of Finance | 374,000 DZD | +84% |
| E-commerce Accountant | 144,000 DZD | -29% |
| Economist | 306,000 DZD | +51% |
| Equity Analyst | 237,000 DZD | +17% |
| Escrow Assistant | 116,000 DZD | -43% |
| Executive Accountant | 142,000 DZD | -30% |
| External Auditor | 187,000 DZD | -8% |
| Finance Administrator | 150,000 DZD | -26% |
| Finance Analyst | 240,000 DZD | +18% |
| Finance Associate | 112,000 DZD | -45% |
| Finance Data Analyst | 206,000 DZD | +2% |
| Finance Director | 382,000 DZD | +88% |
| Finance Executive | 283,000 DZD | +40% |
| Finance Licensing Clerk | 96,900 DZD | -52% |
| Finance Licensing Manager | 258,000 DZD | +27% |
| Finance Licensing Specialist | 147,000 DZD | -28% |
| Finance Manager | 364,000 DZD | +79% |
| Finance Officer | 129,000 DZD | -36% |
| Finance President | 406,000 DZD | +100% |
| Finance Relationship Manager | 297,000 DZD | +46% |
| Finance Release Analyst | 155,000 DZD | -24% |
| Finance Specialist | 216,000 DZD | +7% |
| Finance Team Leader | 288,000 DZD | +42% |
| Financial Accountant | 129,000 DZD | -36% |
| Financial Actuary | 203,000 DZD | +0% |
| Financial Administrator | 226,000 DZD | +11% |
| Financial Advisor | 238,000 DZD | +17% |
| Financial Analyst | 238,000 DZD | +17% |
| Financial Applications Specialist | 163,000 DZD | -20% |
| Financial Assistant | 105,000 DZD | -48% |
| Financial Associate | 126,000 DZD | -38% |
| Financial Claims Analyst | 169,000 DZD | -17% |
| Financial Claims Manager | 224,000 DZD | +10% |
| Financial Claims Supervisor | 209,000 DZD | +3% |
| Financial Clerk | 105,000 DZD | -48% |
| Financial Commercial Analyst | 198,000 DZD | -2% |
| Financial Compliance Analyst | 211,000 DZD | +4% |
| Financial Compliance Officer | 202,000 DZD | -0% |
| Financial Consultant | 185,000 DZD | -9% |
| Financial Controller | 220,000 DZD | +8% |
| Financial Coordinator | 115,000 DZD | -43% |
| Financial Customer Service Manager | 237,000 DZD | +17% |
| Financial Data Scientist | 239,000 DZD | +18% |
| Financial Dealer and Broker | 143,000 DZD | -29% |
| Financial Director | 401,000 DZD | +98% |
| Financial Encoder | 110,000 DZD | -46% |
| Financial Manager | 361,000 DZD | +78% |
| Financial Modelling Analyst | 231,000 DZD | +14% |
| Financial Operations Manager | 343,000 DZD | +69% |
| Financial Policy Analyst | 214,000 DZD | +6% |
| Financial Project Manager | 263,000 DZD | +30% |
| Financial Quantitative Analyst | 236,000 DZD | +16% |
| Financial Reporting Consultant | 183,000 DZD | -10% |
| Financial Reporting Manager | 264,000 DZD | +30% |
| Financial Section Head | 254,000 DZD | +25% |
| Financial Services Manager | 330,000 DZD | +63% |
| Financial Services Sales Agent | 138,000 DZD | -32% |
| Financial Technology Consultant | 203,000 DZD | +0% |
| Financial Wellness Coach | 266,000 DZD | +31% |
| FinTech Analyst | 225,000 DZD | +11% |
| Fixed Assets Administrator | 140,000 DZD | -31% |
| Forensic Accountant | 150,000 DZD | -26% |
| Fraud Detection Supervisor | 161,000 DZD | -21% |
| Fraud Prevention Manager | 267,000 DZD | +32% |
| Fund Accountant | 126,000 DZD | -38% |
| Grants Coordinator | 93,500 DZD | -54% |
| Green Finance Analyst | 199,000 DZD | -2% |
| Group Financial Manager | 371,000 DZD | +83% |
| Internal Auditor | 179,000 DZD | -12% |
| Internal Control Adviser | 205,000 DZD | +1% |
| Internal Control Officer | 114,000 DZD | -44% |
| International Tax Director | 322,000 DZD | +59% |
| Inventory Accountant | 140,000 DZD | -31% |
| Investment Advisor | 354,000 DZD | +75% |
| Investment Analyst | 262,000 DZD | +29% |
| Investment Associate | 223,000 DZD | +10% |
| Investment Broker | 223,000 DZD | +10% |
| Investment Fund Manager | 297,000 DZD | +46% |
| Investment Operations Manager | 298,000 DZD | +47% |
| Investment Underwriter | 114,000 DZD | -44% |
| Investor | 179,000 DZD | -12% |
| Investor Relations Manager | 253,000 DZD | +25% |
| KYC Team Leader | 267,000 DZD | +32% |
| Loan Processor | 106,000 DZD | -48% |
| Management Accountant | 153,000 DZD | -25% |
| Management Economist | 293,000 DZD | +44% |
| Paymaster | 111,000 DZD | -45% |
| Payroll Administrator | 179,000 DZD | -12% |
| Payroll Benefits Coordinator | 139,000 DZD | -31% |
| Payroll Billing Manager | 231,000 DZD | +14% |
| Payroll Clerk | 119,000 DZD | -41% |
| Payroll Manager | 250,000 DZD | +23% |
| Payroll Officer | 110,000 DZD | -46% |
| Payroll Specialist | 133,000 DZD | -34% |
| Payroll Supervisor | 175,000 DZD | -14% |
| Pensions Administrator | 133,000 DZD | -34% |
| Personal Financial Advisor | 192,000 DZD | -5% |
| Pricing Analyst | 227,000 DZD | +12% |
| Private Equity Analyst | 239,000 DZD | +18% |
| Project Accountant | 146,000 DZD | -28% |
| Proposal Development Coordinator | 112,000 DZD | -45% |
| Quantitative Trader | 183,000 DZD | -10% |
| Receivables Accountant | 124,000 DZD | -39% |
| Regulatory Accountant | 144,000 DZD | -29% |
| Retirement Plan Analyst | 208,000 DZD | +3% |
| Revenue Management Specialist | 217,000 DZD | +7% |
| Revenue Recognition Analyst | 239,000 DZD | +18% |
| Risk Management Director | 303,000 DZD | +49% |
| Risk Management Supervisor | 251,000 DZD | +24% |
| Staff Accountant | 127,000 DZD | -37% |
| Tax Accountant | 127,000 DZD | -37% |
| Tax Administrator | 149,000 DZD | -27% |
| Tax Advisor | 211,000 DZD | +4% |
| Tax Analyst | 192,000 DZD | -5% |
| Tax Associate | 114,000 DZD | -44% |
| Tax Consultant | 200,000 DZD | -1% |
| Tax Director | 292,000 DZD | +44% |
| Tax Examiner | 145,000 DZD | -29% |
| Tax Manager | 260,000 DZD | +28% |
| Tax Research Manager | 261,000 DZD | +29% |
| Teller | 76,400 DZD | -62% |
| Treasury Accountant | 138,000 DZD | -32% |
| Treasury Analyst | 212,000 DZD | +5% |
| Underwriter | 89,600 DZD | -56% |
| Underwriting Assistant | 84,500 DZD | -58% |
| Vice President of Finance | 358,000 DZD | +77% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Algeria is 21% on average across all career fields.
| Private Sector | 164,000 DZD | |
| Public Sector | +21% | 198,000 DZD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Actuary in Algeria?
A good and competitive compensation would range anywhere between 194,000 DZD and 223,000 DZD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Financial Actuary in Algeria ranges from 93,300 DZD to 156,000 DZD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
