Accounting Manager Average Salary in Dakar 2024
How much money does a person working as Accounting Manager make in Dakar?
LOW
295,000
XOF AVERAGE
556,000
XOF HIGH
845,000
XOF
A person working as Accounting Manager in Dakar typically earns around 556,000 XOF. Salaries range from 295,000 XOF (lowest) to 845,000 XOF (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Accounting Manager salaries in Dakar vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounting Manager Pay Scale and Salaries in Dakar
Salary Structure and Pay Scale Comparison
499,000 XOF or more
446,000 to 499,000 XOF
329,000 XOF or less
329,000 to 446,000 XOF
 295,000 XOF |
501,000 XOF |
845,000 XOF |
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 Accounting Manager in Dakar range from 295,000 XOF (starting salary) to 845,000 XOF (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 501,000 XOF, half of the professionals who work as Accounting Manager in Dakar 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 Accounting Manager in Dakar earn less than 418,000 XOF, while 75% earn more. Similarly, the chart shows that 75% earn less than 567,000 XOF 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 Accounting Manager in Dakar compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 329,000 XOF to 446,000 XOF. About 20% of salaries are below the 329,000 XOF mark, while 10% fall within the range of 446,000 XOF to 499,000 XOF. Only 5% of individuals have salaries exceeding 499,000 XOF.
Salary Comparison by Years of Experience / Accounting Manager / Dakar
How do experience and age affect pay?
| 0 - 2 Years | 339,000 XOF | |
| 2 - 5 Years | +23% | 416,000 XOF |
| 5 - 10 Years | +42% | 589,000 XOF |
| 10 - 15 Years | +17% | 688,000 XOF |
| 15 - 20 Years | +10% | 757,000 XOF |
| 20+ Years | +6% | 801,000 XOF |
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 Accounting Manager and this is what we found.
Employees with less than two years of experience earn approximately 339,000 XOF.
While someone with an experience level between two and five years is expected to earn 416,000 XOF, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 589,000 XOF, 42% 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 688,000 XOF, 17% 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 757,000 XOF, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 801,000 XOF, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Accounting Manager / Dakar
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Accounting Manager.
| Certificate or Diploma | 416,000 XOF | |
| Bachelor's Degree | +29% | 537,000 XOF |
| Master's Degree | +43% | 768,000 XOF |
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 Accounting Manager in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 416,000 XOF.
Level 2: Bachelor's Degree
At this level, the average salary becomes 537,000 XOF, 29% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 768,000 XOF, 43% 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 Senegal costs anywhere from 1,760,000 XOF to 5,270,000 XOF 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 / Accounting Manager / Dakar
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 Accounting Manager in Senegal, the average difference between the salary of male and female employees is nan%.
| Male | 0 XOF | |
| Female | 0 XOF |
Salary Comparison By Gender in Senegal for all Careers
Average Annual Salary Increment Percentage / Accounting Manager / Dakar
How much are annual salary increments in Dakar for individuals working as Accounting Manager? How often do employees get salary raises?
Individuals working as Accounting Manager in Senegal are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Senegal / 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 / Accounting Manager / Senegal
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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 / Accounting Manager / Dakar
3,210 XOF per hourThe average hourly wage (pay per hour) for individuals working as Accounting Manager in Dakar is 3,210 XOF.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 Accounting Manager in Dakar is 1,700 XOF. 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 | 193,000 XOF | -65% |
| Account Executive | 342,000 XOF | -38% |
| Accountant | 260,000 XOF | -53% |
| Accounting Analyst | 312,000 XOF | -44% |
| Accounting Assistant | 196,000 XOF | -65% |
| Accounting Associate | 194,000 XOF | -65% |
| Accounting Clerk | 157,000 XOF | -72% |
| Accounting Coordinator | 231,000 XOF | -58% |
| Accounting Head | 542,000 XOF | -3% |
| Accounting Manager | 556,000 XOF | -0% |
| Accounting Officer | 200,000 XOF | -64% |
| Accounting Specialist | 352,000 XOF | -37% |
| Accounting Supervisor | 342,000 XOF | -38% |
| Accounting Technician | 174,000 XOF | -69% |
| Accounting Unit Controller | 451,000 XOF | -19% |
| Accounts Executive | 344,000 XOF | -38% |
| Accounts Officer | 195,000 XOF | -65% |
| Accounts Payable and Receivable Specialist | 269,000 XOF | -52% |
| Accounts Payable Assistant | 217,000 XOF | -61% |
| Accounts Payable Associate | 236,000 XOF | -58% |
| Accounts Payable Clerk | 187,000 XOF | -66% |
| Accounts Payable Manager | 528,000 XOF | -5% |
| Accounts Receivable Administrator | 368,000 XOF | -34% |
| Accounts Receivable Clerk | 191,000 XOF | -66% |
| Accounts Receivable Financial Analyst | 375,000 XOF | -33% |
| Accounts Receivable Manager | 481,000 XOF | -13% |
| Accounts Receivable Team Leader | 396,000 XOF | -29% |
| Algorithmic Trading Specialist | 466,000 XOF | -16% |
| Assistant Accountant | 195,000 XOF | -65% |
| Assistant Accounting Manager | 490,000 XOF | -12% |
| Assistant Auditor | 255,000 XOF | -54% |
| Assistant Corporate Controller | 355,000 XOF | -36% |
| Assistant Finance Manager | 514,000 XOF | -8% |
| Assistant Financial Controller | 369,000 XOF | -34% |
| Audit Director | 623,000 XOF |  +12% |
| Audit Supervisor | 454,000 XOF | -18% |
| Auditing Clerk | 195,000 XOF | -65% |
| Auditing Manager | 541,000 XOF | -3% |
| Billing Clerk | 192,000 XOF | -65% |
| Billing Coordinator | 244,000 XOF | -56% |
| Billing Specialist | 277,000 XOF | -50% |
| Billing Supervisor | 391,000 XOF | -30% |
| Bookkeeper | 179,000 XOF | -68% |
| Bookkeeping Specialist | 237,000 XOF | -57% |
| Budget Analyst | 450,000 XOF | -19% |
| Budget Manager | 517,000 XOF | -7% |
| Business Support Analyst | 288,000 XOF | -48% |
| Capital Markets Associate | 403,000 XOF | -28% |
| Cash Flow Analyst | 403,000 XOF | -28% |
| Cash Management Manager | 507,000 XOF | -9% |
| Cash Management Officer | 283,000 XOF | -49% |
| Cashbook Clerk | 184,000 XOF | -67% |
| Chartered Accountant | 335,000 XOF | -40% |
| Chief Accountant | 387,000 XOF | -30% |
| Chief Financial Technology Officer | 561,000 XOF | +1% |
| Collections Clerk | 153,000 XOF | -72% |
| Collections Representative | 223,000 XOF | -60% |
| Collections Specialist | 269,000 XOF | -52% |
| Corporate Controller | 406,000 XOF | -27% |
| Corporate Treasurer | 504,000 XOF | -9% |
| Cost Accountant | 259,000 XOF | -53% |
| Cost Accounting Manager | 504,000 XOF | -9% |
| Cost Accounting Supervisor | 420,000 XOF | -24% |
| Cost Analyst | 429,000 XOF | -23% |
| Credit and Collection Manager | 501,000 XOF | -10% |
| Credit and Collection Staff | 197,000 XOF | -65% |
| Credit and Loans Officer | 187,000 XOF | -66% |
| Credit Controller | 355,000 XOF | -36% |
| Credit Manager | 519,000 XOF | -7% |
| Debt Adviser | 436,000 XOF | -22% |
| Debt Collector | 204,000 XOF | -63% |
| Debtors Clerk | 188,000 XOF | -66% |
| Debtors Controller | 200,000 XOF | -64% |
| Deputy CFO | 704,000 XOF | +27% |
| Deputy Head of Finance | 719,000 XOF | +29% |
| Derivative Trader | 427,000 XOF | -23% |
| Director of Finance | 752,000 XOF | +35% |
| E-commerce Accountant | 260,000 XOF | -53% |
| Economist | 618,000 XOF | +11% |
| Equity Analyst | 471,000 XOF | -15% |
| Escrow Assistant | 237,000 XOF | -57% |
| Executive Accountant | 298,000 XOF | -46% |
| External Auditor | 350,000 XOF | -37% |
| Finance Administrator | 292,000 XOF | -47% |
| Finance Analyst | 475,000 XOF | -15% |
| Finance Associate | 232,000 XOF | -58% |
| Finance Data Analyst | 436,000 XOF | -22% |
| Finance Director | 755,000 XOF | +36% |
| Finance Executive | 531,000 XOF | -5% |
| Finance Licensing Clerk | 189,000 XOF | -66% |
| Finance Licensing Manager | 482,000 XOF | -13% |
| Finance Licensing Specialist | 290,000 XOF | -48% |
| Finance Manager | 762,000 XOF | +37% |
| Finance Officer | 241,000 XOF | -57% |
| Finance President | 767,000 XOF | +38% |
| Finance Relationship Manager | 594,000 XOF | +7% |
| Finance Release Analyst | 311,000 XOF | -44% |
| Finance Specialist | 433,000 XOF | -22% |
| Finance Team Leader | 579,000 XOF | +4% |
| Financial Accountant | 268,000 XOF | -52% |
| Financial Actuary | 378,000 XOF | -32% |
| Financial Administrator | 421,000 XOF | -24% |
| Financial Advisor | 457,000 XOF | -18% |
| Financial Analyst | 488,000 XOF | -12% |
| Financial Applications Specialist | 324,000 XOF | -42% |
| Financial Assistant | 201,000 XOF | -64% |
| Financial Associate | 255,000 XOF | -54% |
| Financial Claims Analyst | 341,000 XOF | -39% |
| Financial Claims Manager | 479,000 XOF | -14% |
| Financial Claims Supervisor | 428,000 XOF | -23% |
| Financial Clerk | 201,000 XOF | -64% |
| Financial Commercial Analyst | 384,000 XOF | -31% |
| Financial Compliance Analyst | 401,000 XOF | -28% |
| Financial Compliance Officer | 412,000 XOF | -26% |
| Financial Consultant | 351,000 XOF | -37% |
| Financial Controller | 408,000 XOF | -27% |
| Financial Coordinator | 228,000 XOF | -59% |
| Financial Customer Service Manager | 484,000 XOF | -13% |
| Financial Data Scientist | 465,000 XOF | -16% |
| Financial Dealer and Broker | 275,000 XOF | -51% |
| Financial Director | 780,000 XOF | +40% |
| Financial Encoder | 228,000 XOF | -59% |
| Financial Manager | 709,000 XOF | +28% |
| Financial Modelling Analyst | 477,000 XOF | -14% |
| Financial Operations Manager | 659,000 XOF | +19% |
| Financial Policy Analyst | 417,000 XOF | -25% |
| Financial Project Manager | 523,000 XOF | -6% |
| Financial Quantitative Analyst | 436,000 XOF | -22% |
| Financial Reporting Consultant | 377,000 XOF | -32% |
| Financial Reporting Manager | 514,000 XOF | -8% |
| Financial Section Head | 472,000 XOF | -15% |
| Financial Services Manager | 685,000 XOF | +23% |
| Financial Services Sales Agent | 286,000 XOF | -49% |
| Financial Technology Consultant | 402,000 XOF | -28% |
| Financial Wellness Coach | 557,000 XOF | +0% |
| FinTech Analyst | 450,000 XOF | -19% |
| Fixed Assets Administrator | 269,000 XOF | -52% |
| Forensic Accountant | 300,000 XOF | -46% |
| Fraud Detection Supervisor | 314,000 XOF | -44% |
| Fraud Prevention Manager | 552,000 XOF | -1% |
| Fund Accountant | 249,000 XOF | -55% |
| Grants Coordinator | 199,000 XOF | -64% |
| Green Finance Analyst | 402,000 XOF | -28% |
| Group Financial Manager | 715,000 XOF | +29% |
| Internal Auditor | 356,000 XOF | -36% |
| Internal Control Adviser | 401,000 XOF | -28% |
| Internal Control Officer | 236,000 XOF | -58% |
| International Tax Director | 621,000 XOF | +12% |
| Inventory Accountant | 262,000 XOF | -53% |
| Investment Advisor | 671,000 XOF | +21% |
| Investment Analyst | 526,000 XOF | -5% |
| Investment Associate | 415,000 XOF | -25% |
| Investment Broker | 430,000 XOF | -23% |
| Investment Fund Manager | 586,000 XOF | +5% |
| Investment Operations Manager | 549,000 XOF | -1% |
| Investment Underwriter | 215,000 XOF | -61% |
| Investor | 349,000 XOF | -37% |
| Investor Relations Manager | 523,000 XOF | -6% |
| KYC Team Leader | 495,000 XOF | -11% |
| Loan Processor | 221,000 XOF | -60% |
| Management Accountant | 282,000 XOF | -49% |
| Management Economist | 605,000 XOF | +9% |
| Paymaster | 215,000 XOF | -61% |
| Payroll Administrator | 339,000 XOF | -39% |
| Payroll Benefits Coordinator | 289,000 XOF | -48% |
| Payroll Billing Manager | 460,000 XOF | -17% |
| Payroll Clerk | 216,000 XOF | -61% |
| Payroll Manager | 481,000 XOF | -13% |
| Payroll Officer | 233,000 XOF | -58% |
| Payroll Specialist | 268,000 XOF | -52% |
| Payroll Supervisor | 323,000 XOF | -42% |
| Pensions Administrator | 275,000 XOF | -51% |
| Personal Financial Advisor | 367,000 XOF | -34% |
| Pricing Analyst | 436,000 XOF | -22% |
| Private Equity Analyst | 470,000 XOF | -15% |
| Project Accountant | 272,000 XOF | -51% |
| Proposal Development Coordinator | 231,000 XOF | -58% |
| Quantitative Trader | 369,000 XOF | -34% |
| Receivables Accountant | 242,000 XOF | -56% |
| Regulatory Accountant | 295,000 XOF | -47% |
| Retirement Plan Analyst | 406,000 XOF | -27% |
| Revenue Management Specialist | 449,000 XOF | -19% |
| Revenue Recognition Analyst | 485,000 XOF | -13% |
| Risk Management Director | 635,000 XOF | +14% |
| Risk Management Supervisor | 503,000 XOF | -10% |
| Staff Accountant | 236,000 XOF | -58% |
| Tax Accountant | 242,000 XOF | -56% |
| Tax Administrator | 267,000 XOF | -52% |
| Tax Advisor | 402,000 XOF | -28% |
| Tax Analyst | 386,000 XOF | -31% |
| Tax Associate | 231,000 XOF | -58% |
| Tax Consultant | 427,000 XOF | -23% |
| Tax Director | 598,000 XOF | +8% |
| Tax Examiner | 277,000 XOF | -50% |
| Tax Manager | 551,000 XOF | -1% |
| Tax Research Manager | 531,000 XOF | -5% |
| Teller | 149,000 XOF | -73% |
| Treasury Accountant | 270,000 XOF | -51% |
| Treasury Analyst | 410,000 XOF | -26% |
| Underwriter | 178,000 XOF | -68% |
| Underwriting Assistant | 177,000 XOF | -68% |
| Vice President of Finance | 699,000 XOF | +26% |
Salary Comparison By City
| City | Average Salary |
| Dakar | 556,000 XOF |
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 Senegal is 14% on average across all career fields.
| Private Sector | 334,000 XOF | |
| Public Sector | +14% | 380,000 XOF |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Accounting Manager in Dakar?
A good and competitive compensation would range anywhere between 501,000 XOF and 567,000 XOF. 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 Accounting Manager in Dakar ranges from 295,000 XOF to 418,000 XOF. 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
