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Compliance Examiner Average Salary in Dakar 2024

How much money does a person working as Compliance Examiner make in Dakar?


Average Monthly Salary
347,000 XOF
( 4,170,000 XOF yearly)

LOW
174,000
XOF
AVERAGE
347,000
XOF
HIGH
538,000
XOF
All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Compliance Examiner in Dakar typically earns around 347,000 XOF. Salaries range from 174,000 XOF (lowest) to 538,000 XOF (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Compliance Examiner salaries in Dakar vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Compliance Examiner Pay Scale and Salaries in Dakar

Median and salary distribution Dakar Compliance Examiner monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
319,000 XOF or more
10% of people earn
283,000 to 319,000 XOF
20% of people earn
203,000 XOF or less
65% of people earn
203,000 to 283,000 XOF
Minimum Salary
174,000 XOF
Median
321,000 XOF
Maximum
538,000 XOF




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Compliance Examiner in Dakar range from 174,000 XOF (starting salary) to 538,000 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 321,000 XOF, half of the professionals who work as Compliance Examiner 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 Compliance Examiner in Dakar earn less than 264,000 XOF, while 75% earn more. Similarly, the chart shows that 75% earn less than 366,000 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 Compliance Examiner in Dakar compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 203,000 XOF to 283,000 XOF. About 20% of salaries are below the 203,000 XOF mark, while 10% fall within the range of 283,000 XOF to 319,000 XOF. Only 5% of individuals have salaries exceeding 319,000 XOF.

Salary Comparison by Years of Experience / Compliance Examiner / Dakar

How do experience and age affect pay?

0 - 2 Years
208,000 XOF
2 - 5 Years+32%
276,000 XOF
5 - 10 Years+34%
369,000 XOF
10 - 15 Years+19%
440,000 XOF
15 - 20 Years+8%
474,000 XOF
20+ Years+7%
509,000 XOF
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Dakar Compliance Examiner
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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 Compliance Examiner and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 208,000 XOF.

While someone with an experience level between two and five years is expected to earn 276,000 XOF, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 369,000 XOF, 34% 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 440,000 XOF, 19% 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 474,000 XOF, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 509,000 XOF, 7% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Compliance Examiner / Dakar

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Compliance Examiner.

Bachelor's Degree
298,000 XOF
Master's Degree+58%
469,000 XOF
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Dakar Compliance Examiner
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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 Compliance Examiner in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 298,000 XOF.


Level 2: Master's Degree

At this level, the average salary becomes 469,000 XOF, 58% 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Compliance Examiner / Dakar

Salary comparison by gender Senegal Compliance Examiner monthly
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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 Compliance Examiner in Senegal, the average difference between the salary of male and female employees is nan%.

Male
0 XOF
Female
0 XOF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Senegal for all Careers

Salary comparison by gender monthly Senegal
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Average Annual Salary Increment Percentage / Compliance Examiner / Dakar

How much are annual salary increments in Dakar for individuals working as Compliance Examiner? How often do employees get salary raises?

Individuals working as Compliance Examiner 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.

Annual Salary Increment Rate Senegal Compliance Examiner
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Senegal / All Professions

Annual Salary Increment Rate Senegal
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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

The average salary increase in one year (12 months) in Senegal is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Compliance Examiner / Senegal

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Senegal Compliance Examiner
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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 Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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 / Compliance Examiner / Dakar


2,000 XOF per hour

The average hourly wage (pay per hour) for individuals working as Compliance Examiner in Dakar is 2,000 XOF.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 Compliance Examiner in Dakar is 1,000 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 TitleAverage Salary
Insurance-100%
Actuarial Analyst481,000 XOF+39%
Actuarial Assistant359,000 XOF+3%
Actuarial Specialist350,000 XOF+1%
Actuary497,000 XOF+43%
Adjustment Insurance Clerk139,000 XOF-60%
Assistant Broker244,000 XOF-30%
Assistant Claims Manager409,000 XOF+18%
Associate Insurance Representative191,000 XOF-45%
Auditing Insurance Manager534,000 XOF+54%
Blockchain Insurance Auditor351,000 XOF+1%
Broker356,000 XOF+3%
Claim Advocacy Professional372,000 XOF+7%
Claims Adjuster142,000 XOF-59%
Claims Analyst191,000 XOF-45%
Claims Examiner184,000 XOF-47%
Claims Manager530,000 XOF+53%
Claims Processor134,000 XOF-61%
Claims Representative160,000 XOF-54%
Claims Resolution Specialist384,000 XOF+11%
Claims Supervisor380,000 XOF+9%
Complaints Specialist331,000 XOF-5%
Compliance Examiner347,000 XOF-0%
Compliance Officer311,000 XOF-10%
Compliance Reviewer329,000 XOF-5%
Consultant366,000 XOF+5%
Drone Claims Adjuster158,000 XOF-55%
Eligibility Interviewer396,000 XOF+14%
Eligibility Specialist371,000 XOF+7%
Insurance Account Manager469,000 XOF+35%
Insurance Accounts Executive392,000 XOF+13%
Insurance Adjuster350,000 XOF+1%
Insurance Agent210,000 XOF-40%
Insurance Analyst347,000 XOF-0%
Insurance Appraiser386,000 XOF+11%
Insurance Claims Clerk138,000 XOF-60%
Insurance Compliance Officer421,000 XOF+21%
Insurance Data Scientist330,000 XOF-5%
Insurance Examiner326,000 XOF-6%
Insurance Fraud Investigator317,000 XOF-9%
Insurance Investigator356,000 XOF+3%
Insurance Manager627,000 XOF+81%
Insurance Operations Manager624,000 XOF+80%
Insurance Policy Processing Clerk135,000 XOF-61%
Insurance Pricing Assistant292,000 XOF-16%
Insurance Product Manager431,000 XOF+24%
Insurance Program Manager495,000 XOF+43%
Insurance Project Manager466,000 XOF+34%
Insurance Quality Assurance Agent324,000 XOF-7%
Insurance Sales Agent230,000 XOF-34%
Insurance Sales Director624,000 XOF+80%
Insurance Sales Manager466,000 XOF+34%
Insurance Sales Representative193,000 XOF-44%
Insurance Team Leader377,000 XOF+9%
Insurance Underwriter275,000 XOF-21%
Insurtech Analyst325,000 XOF-6%
Loss Control Specialist368,000 XOF+6%
Loss Prevention Investigator381,000 XOF+10%
Loss Prevention Manager512,000 XOF+47%
Loss Prevention Specialist399,000 XOF+15%
Marine Underwriter285,000 XOF-18%
Medical Auditor370,000 XOF+7%
Monitoring and Performance Officer255,000 XOF-27%
Parametric Insurance Specialist382,000 XOF+10%
Payment Services Specialist367,000 XOF+6%
Peer-to-Peer Insurance Manager429,000 XOF+24%
Policy Change Director589,000 XOF+70%
Policy Change Supervisor391,000 XOF+13%
Policy Change Technician186,000 XOF-46%
Risk Analyst398,000 XOF+15%
Risk Management Director733,000 XOF+110%
Risk Management Supervisor456,000 XOF+31%
Risk Manager720,000 XOF+110%
Risk Modeling Manager693,000 XOF+100%
Social Media Risk Analyst388,000 XOF+12%
Title Insurance Typist331,000 XOF-5%
Training Manager426,000 XOF+23%
Underwriting Assistant194,000 XOF-44%

Salary Comparison By City

CityAverage Salary
Dakar347,000 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
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Compliance Examiner in Dakar?

A good and competitive compensation would range anywhere between 321,000 XOF and 366,000 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 Compliance Examiner in Dakar ranges from 174,000 XOF to 264,000 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


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