How much money does a person working in Accounting and Finance make in Namibia?
Average Monthly Salary
18,100 NAD
( 217,000 NAD yearly)
LOW
7,270
NAD
AVERAGE
18,100
NAD
HIGH
36,100
NAD
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 in Accounting and Finance in Namibia typically earns around 18,100 NAD. Salaries range from 7,270 NAD (lowest average) to 36,100 NAD (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Namibia exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
Accounting and Finance | |
Account Examiner | 9,260 NAD |
Account Executive | 16,100 NAD |
Accountant | 11,400 NAD |
Accounting Analyst | 15,000 NAD |
|
Accounting Assistant | 9,370 NAD |
Accounting Associate | 9,050 NAD |
Accounting Clerk | 7,410 NAD |
Accounting Coordinator | 11,100 NAD |
Accounting Head | 25,500 NAD |
Accounting Manager | 26,000 NAD |
Accounting Officer | 9,480 NAD |
Accounting Specialist | 16,500 NAD |
Accounting Supervisor | 17,300 NAD |
Accounting Technician | 8,610 NAD |
Accounting Unit Controller | 21,400 NAD |
Accounts Executive | 15,100 NAD |
Accounts Officer | 10,000 NAD |
Accounts Payable and Receivable Specialist | 12,200 NAD |
Accounts Payable Assistant | 9,480 NAD |
Accounts Payable Associate | 10,900 NAD |
Accounts Payable Clerk | 9,530 NAD |
Accounts Payable Manager | 24,100 NAD |
Accounts Receivable Administrator | 18,300 NAD |
Accounts Receivable Clerk | 9,510 NAD |
Accounts Receivable Financial Analyst | 17,100 NAD |
Accounts Receivable Manager | 23,700 NAD |
Accounts Receivable Team Leader | 17,900 NAD |
Algorithmic Trading Specialist | 21,100 NAD |
Assistant Accountant | 9,800 NAD |
Assistant Accounting Manager | 23,100 NAD |
Assistant Auditor | 12,100 NAD |
Assistant Corporate Controller | 16,300 NAD |
Assistant Finance Manager | 24,900 NAD |
Assistant Financial Controller | 17,200 NAD |
Audit Director | 29,200 NAD |
Audit Supervisor | 23,200 NAD |
Auditing Clerk | 10,000 NAD |
Auditing Manager | 26,400 NAD |
Billing Clerk | 9,550 NAD |
Billing Coordinator | 10,800 NAD |
Billing Specialist | 12,500 NAD |
Billing Supervisor | 18,400 NAD |
Bookkeeper | 8,310 NAD |
Bookkeeping Specialist | 11,700 NAD |
Budget Analyst | 20,600 NAD |
Budget Manager | 26,000 NAD |
Business Support Analyst | 13,700 NAD |
Capital Markets Associate | 18,200 NAD |
Cash Flow Analyst | 18,100 NAD |
Cash Management Manager | 24,800 NAD |
Cash Management Officer | 13,700 NAD |
Cashbook Clerk | 8,430 NAD |
Chartered Accountant | 16,000 NAD |
Chief Accountant | 18,800 NAD |
Chief Financial Technology Officer | 24,400 NAD |
Collections Clerk | 7,220 NAD |
Collections Representative | 10,500 NAD |
Collections Specialist | 12,100 NAD |
Corporate Controller | 18,800 NAD |
Corporate Treasurer | 22,700 NAD |
Cost Accountant | 12,500 NAD |
Cost Accounting Manager | 24,800 NAD |
Cost Accounting Supervisor | 20,600 NAD |
Cost Analyst | 18,900 NAD |
Credit and Collection Manager | 25,200 NAD |
Credit and Collection Staff | 9,790 NAD |
Credit and Loans Officer | 9,000 NAD |
Credit Controller | 17,500 NAD |
Credit Manager | 24,600 NAD |
Debt Adviser | 21,200 NAD |
Debt Collector | 9,810 NAD |
Debtors Clerk | 8,790 NAD |
Debtors Controller | 9,480 NAD |
Deputy CFO | 34,500 NAD |
Deputy Head of Finance | 34,400 NAD |
Derivative Trader | 21,500 NAD |
Director of Finance | 37,800 NAD |
E-commerce Accountant | 12,400 NAD |
Economist | 28,300 NAD |
Equity Analyst | 22,400 NAD |
Escrow Assistant | 11,100 NAD |
Executive Accountant | 13,700 NAD |
External Auditor | 16,900 NAD |
Finance Administrator | 14,200 NAD |
Finance Analyst | 22,900 NAD |
Finance Associate | 11,100 NAD |
Finance Data Analyst | 19,700 NAD |
Finance Director | 35,800 NAD |
Finance Executive | 25,600 NAD |
Finance Licensing Clerk | 8,910 NAD |
Finance Licensing Manager | 22,400 NAD |
Finance Licensing Specialist | 13,300 NAD |
Finance Manager | 35,700 NAD |
Finance Officer | 11,200 NAD |
Finance President | 37,100 NAD |
Finance Relationship Manager | 28,900 NAD |
Finance Release Analyst | 14,500 NAD |
Finance Specialist | 20,100 NAD |
Finance Team Leader | 27,800 NAD |
Financial Accountant | 12,700 NAD |
Financial Actuary | 18,400 NAD |
Financial Administrator | 20,900 NAD |
Financial Advisor | 23,100 NAD |
Financial Analyst | 21,800 NAD |
Financial Applications Specialist | 15,200 NAD |
Financial Assistant | 10,300 NAD |
Financial Associate | 9,410 NAD |
Financial Associate | 11,600 NAD |
Financial Claims Analyst | 16,100 NAD |
Financial Claims Manager | 22,400 NAD |
Financial Claims Supervisor | 19,700 NAD |
Financial Clerk | 8,920 NAD |
Financial Commercial Analyst | 16,800 NAD |
Financial Compliance Analyst | 20,500 NAD |
Financial Compliance Officer | 20,200 NAD |
Financial Consultant | 16,800 NAD |
Financial Controller | 19,300 NAD |
Financial Controller | 19,500 NAD |
Financial Coordinator | 11,800 NAD |
Financial Customer Service Manager | 22,700 NAD |
Financial Data Scientist | 22,600 NAD |
Financial Dealer and Broker | 13,800 NAD |
Financial Director | 35,400 NAD |
Financial Encoder | 10,800 NAD |
Financial Manager | 34,100 NAD |
Financial Manager | 32,600 NAD |
Financial Modelling Analyst | 22,900 NAD |
Financial Operations Manager | 30,600 NAD |
Financial Policy Analyst | 18,000 NAD |
Financial Project Manager | 25,700 NAD |
Financial Quantitative Analyst | 21,100 NAD |
Financial Reporting Consultant | 17,200 NAD |
Financial Reporting Manager | 22,200 NAD |
Financial Section Head | 23,100 NAD |
Financial Services Manager | 32,500 NAD |
Financial Services Sales Agent | 13,500 NAD |
Financial Technology Consultant | 19,100 NAD |
Financial Wellness Coach | 26,100 NAD |
FinTech Analyst | 20,800 NAD |
Fixed Assets Administrator | 12,500 NAD |
Forensic Accountant | 14,600 NAD |
Fraud Detection Supervisor | 14,500 NAD |
Fraud Prevention Manager | 25,300 NAD |
Fund Accountant | 11,300 NAD |
Grants Coordinator | 9,310 NAD |
Green Finance Analyst | 18,400 NAD |
Group Financial Manager | 33,900 NAD |
Internal Auditor | 16,900 NAD |
Internal Control Adviser | 18,600 NAD |
Internal Control Officer | 10,800 NAD |
International Tax Director | 29,900 NAD |
Inventory Accountant | 12,200 NAD |
Investment Advisor | 33,100 NAD |
Investment Analyst | 23,200 NAD |
Investment Associate | 20,200 NAD |
Investment Broker | 20,700 NAD |
Investment Fund Manager | 28,200 NAD |
Investment Operations Manager | 26,200 NAD |
Investment Underwriter | 10,200 NAD |
Investor | 15,100 NAD |
Investor Relations Manager | 24,700 NAD |
KYC Team Leader | 23,700 NAD |
Loan Processor | 9,830 NAD |
Management Accountant | 13,700 NAD |
Management Economist | 28,600 NAD |
Paymaster | 9,400 NAD |
Payroll Administrator | 15,400 NAD |
Payroll Benefits Coordinator | 13,500 NAD |
Payroll Billing Manager | 23,400 NAD |
Payroll Clerk | 10,700 NAD |
Payroll Manager | 21,300 NAD |
Payroll Officer | 10,600 NAD |
Payroll Specialist | 13,300 NAD |
Payroll Supervisor | 15,600 NAD |
Pensions Administrator | 13,000 NAD |
Personal Financial Advisor | 17,600 NAD |
Pricing Analyst | 19,300 NAD |
Private Equity Analyst | 21,900 NAD |
Project Accountant | 13,000 NAD |
Proposal Development Coordinator | 10,900 NAD |
Quantitative Trader | 18,300 NAD |
Receivables Accountant | 11,400 NAD |
Regulatory Accountant | 13,200 NAD |
Retirement Plan Analyst | 18,800 NAD |
Revenue Management Specialist | 20,600 NAD |
Revenue Recognition Analyst | 23,000 NAD |
Risk Management Director | 29,300 NAD |
Risk Management Supervisor | 25,300 NAD |
Staff Accountant | 11,500 NAD |
Tax Accountant | 11,400 NAD |
Tax Administrator | 12,900 NAD |
Tax Advisor | 19,200 NAD |
Tax Analyst | 18,200 NAD |
Tax Associate | 10,700 NAD |
Tax Consultant | 20,000 NAD |
Tax Director | 27,600 NAD |
Tax Examiner | 12,400 NAD |
Tax Manager | 24,800 NAD |
Tax Research Manager | 26,100 NAD |
Teller | 7,230 NAD |
Treasury Accountant | 12,800 NAD |
Treasury Analyst | 20,200 NAD |
Underwriter | 8,750 NAD |
Underwriting Assistant | 7,810 NAD |
Vice President of Finance | 32,400 NAD |
Accounting and Finance Jobs Pay Scale and Salaries in Namibia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/namibia/accounting-and-finance/median-and-salary-distribution-monthly-namibia-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
18,200 NAD or more
10% of people earn
15,400 to 18,200 NAD
20% of people earn
9,290 NAD or less
65% of people earn
9,290 to 15,400 NAD
Minimum Salary 7,270 NAD |
Median 16,000 NAD |
Maximum 36,100 NAD |
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 in Accounting and Finance in Namibia range from 7,270 NAD (starting average salary) to 36,100 NAD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Accounting and Finance is 16,000 NAD, implying that half of the workforce in Namibia earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Namibia earn less than 12,500 NAD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 19,300 NAD, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Namibia. The analysis revealed that roughly 65% of all reported salaries fell within the range of 9,290 NAD to 15,400 NAD. Approximately 20% of salaries were below the 9,290 NAD mark, while 10% ranged from 15,400 NAD to 18,200 NAD. Only 5% of individuals earned a gross salary of 18,200 NAD or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.
Generally speaking, employees in Accounting and Finance in Namibia having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?
We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Accounting and Finance in Namibia, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
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 Namibia costs anywhere from 87,600 NAD to 263,000 NAD and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Accounting and Finance / Namibia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/namibia/accounting-and-finance/salary-comparison-by-gender-monthly-namibia-accounting-and-finance.jpg Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in Namibia, the average difference between the salary of male and female employees is 9%.
Male | | 18,700 NAD |
Female | -8% | 17,200 NAD |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Namibia for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/namibia/salary-comparison-by-gender-monthly-namibia.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Namibia
How much are annual salary increments in Namibia for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Namibia are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/namibia/accounting-and-finance/annual-salary-increment-rate-namibia-accounting-and-finance.jpg 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.
Namibia / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/namibia/annual-salary-increment-rate-namibia.jpg 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 Namibia is 2%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 and Finance / Namibia
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/namibia/accounting-and-finance/annual-salary-bonus-rate-namibia-accounting-and-finance.jpg
43% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
Received Bonus | | 57% |
No Bonus | | 43% |
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: 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.
Hourly Average Wage / Accounting and Finance / Namibia
100 NAD
per hour The average hourly wage (pay per hour) in Accounting and Finance in Namibia is 100 NAD.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 in Accounting and Finance in Namibia is 42 NAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
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 Namibia is 7% on average across all career fields.
Private Sector | | 16,800 NAD |
Public Sector | +7% | 18,000 NAD |
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 in Accounting and Finance in Namibia?
A good and competitive compensation would range anywhere between 16,000 NAD and 19,300 NAD. 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 jobs in Accounting and Finance in Namibia ranges from 7,270 NAD to 12,500 NAD. 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