Finance President Average Salary in Zimbabwe 2024
How much money does a person working as Finance President make in Zimbabwe?
LOW
205,000
ZWD AVERAGE
447,000
ZWD HIGH
710,000
ZWD
A person working as Finance President in Zimbabwe typically earns around 447,000 ZWD. Salaries range from 205,000 ZWD (lowest) to 710,000 ZWD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Finance President salaries in Zimbabwe vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Finance President Pay Scale and Salaries in Zimbabwe
Salary Structure and Pay Scale Comparison
424,000 ZWD or more
371,000 to 424,000 ZWD
256,000 ZWD or less
256,000 to 371,000 ZWD
 205,000 ZWD |
427,000 ZWD |
710,000 ZWD |
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 Finance President in Zimbabwe range from 205,000 ZWD (starting salary) to 710,000 ZWD (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 427,000 ZWD, half of the professionals who work as Finance President in Zimbabwe 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 Finance President in Zimbabwe earn less than 344,000 ZWD, while 75% earn more. Similarly, the chart shows that 75% earn less than 492,000 ZWD 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 Finance President in Zimbabwe compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 256,000 ZWD to 371,000 ZWD. About 20% of salaries are below the 256,000 ZWD mark, while 10% fall within the range of 371,000 ZWD to 424,000 ZWD. Only 5% of individuals have salaries exceeding 424,000 ZWD.
Salary Comparison by Years of Experience / Finance President / Zimbabwe
How do experience and age affect pay?
| 0 - 2 Years | 233,000 ZWD | |
| 2 - 5 Years | +34% | 311,000 ZWD |
| 5 - 10 Years | +48% | 460,000 ZWD |
| 10 - 15 Years | +22% | 561,000 ZWD |
| 15 - 20 Years | +9% | 612,000 ZWD |
| 20+ Years | +8% | 662,000 ZWD |
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 Finance President and this is what we found.
Employees with less than two years of experience earn approximately 233,000 ZWD.
While someone with an experience level between two and five years is expected to earn 311,000 ZWD, 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 460,000 ZWD, 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 561,000 ZWD, 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 612,000 ZWD, 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 662,000 ZWD, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Finance President / Zimbabwe
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Finance President.
| Certificate or Diploma | 286,000 ZWD | |
| Bachelor's Degree | +18% | 337,000 ZWD |
| Master's Degree | +45% | 488,000 ZWD |
| PhD | +31% | 639,000 ZWD |
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 Finance President in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 286,000 ZWD.
Level 2: Bachelor's Degree
At this level, the average salary becomes 337,000 ZWD, 18% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 488,000 ZWD, 45% more than the previous level.
Level 4: PhD
At this level, the average salary becomes 639,000 ZWD, 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 Zimbabwe costs anywhere from 1,090,000 ZWD to 3,260,000 ZWD 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 / Finance President / Zimbabwe
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 Finance President in Zimbabwe, the average difference between the salary of male and female employees is 13%.
| Male | 473,000 ZWD | |
| Female | -11% | 420,000 ZWD |
Salary Comparison By Gender in Zimbabwe for all Careers
Average Annual Salary Increment Percentage / Finance President / Zimbabwe
How much are annual salary increments in Zimbabwe for individuals working as Finance President? How often do employees get salary raises?
Individuals working as Finance President in Zimbabwe are likely to observe a salary increase of approximately 9% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Zimbabwe / 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 / Finance President / Zimbabwe
How much and how often are bonuses being awarded?
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31% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 69% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 69% | |
| No Bonus | 31% |
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 / Finance President / Zimbabwe
2,580 ZWD per hourThe average hourly wage (pay per hour) for individuals working as Finance President in Zimbabwe is 2,580 ZWD.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 Finance President in Zimbabwe is 1,190 ZWD. 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 | 117,000 ZWD | -74% |
| Account Executive | 201,000 ZWD | -55% |
| Accountant | 144,000 ZWD | -68% |
| Accounting Analyst | 179,000 ZWD | -60% |
| Accounting Assistant | 118,000 ZWD | -74% |
| Accounting Associate | 107,000 ZWD | -76% |
| Accounting Clerk | 92,600 ZWD | -79% |
| Accounting Coordinator | 140,000 ZWD | -69% |
| Accounting Head | 318,000 ZWD | -29% |
| Accounting Manager | 323,000 ZWD | -28% |
| Accounting Officer | 113,000 ZWD | -75% |
| Accounting Specialist | 216,000 ZWD | -52% |
| Accounting Supervisor | 201,000 ZWD | -55% |
| Accounting Technician | 110,000 ZWD | -75% |
| Accounting Unit Controller | 255,000 ZWD | -43% |
| Accounts Executive | 192,000 ZWD | -57% |
| Accounts Officer | 118,000 ZWD | -74% |
| Accounts Payable and Receivable Specialist | 150,000 ZWD | -66% |
| Accounts Payable Assistant | 126,000 ZWD | -72% |
| Accounts Payable Associate | 141,000 ZWD | -68% |
| Accounts Payable Clerk | 118,000 ZWD | -74% |
| Accounts Payable Manager | 296,000 ZWD | -34% |
| Accounts Receivable Administrator | 235,000 ZWD | -47% |
| Accounts Receivable Clerk | 116,000 ZWD | -74% |
| Accounts Receivable Financial Analyst | 210,000 ZWD | -53% |
| Accounts Receivable Manager | 287,000 ZWD | -36% |
| Accounts Receivable Team Leader | 218,000 ZWD | -51% |
| Algorithmic Trading Specialist | 259,000 ZWD | -42% |
| Assistant Accountant | 120,000 ZWD | -73% |
| Assistant Accounting Manager | 273,000 ZWD | -39% |
| Assistant Auditor | 159,000 ZWD | -64% |
| Assistant Corporate Controller | 201,000 ZWD | -55% |
| Assistant Finance Manager | 331,000 ZWD | -26% |
| Assistant Financial Controller | 213,000 ZWD | -52% |
| Audit Director | 346,000 ZWD | -23% |
| Audit Supervisor | 274,000 ZWD | -39% |
| Auditing Clerk | 118,000 ZWD | -74% |
| Auditing Manager | 303,000 ZWD | -32% |
| Billing Clerk | 122,000 ZWD | -73% |
| Billing Coordinator | 138,000 ZWD | -69% |
| Billing Specialist | 169,000 ZWD | -62% |
| Billing Supervisor | 229,000 ZWD | -49% |
| Bookkeeper | 103,000 ZWD | -77% |
| Bookkeeping Specialist | 150,000 ZWD | -66% |
| Budget Analyst | 254,000 ZWD | -43% |
| Budget Manager | 318,000 ZWD | -29% |
| Business Support Analyst | 180,000 ZWD | -60% |
| Capital Markets Associate | 234,000 ZWD | -48% |
| Cash Flow Analyst | 220,000 ZWD | -51% |
| Cash Management Manager | 301,000 ZWD | -33% |
| Cash Management Officer | 182,000 ZWD | -59% |
| Cashbook Clerk | 104,000 ZWD | -77% |
| Chartered Accountant | 191,000 ZWD | -57% |
| Chief Accountant | 216,000 ZWD | -52% |
| Chief Financial Technology Officer | 325,000 ZWD | -27% |
| Collections Clerk | 94,800 ZWD | -79% |
| Collections Representative | 131,000 ZWD | -71% |
| Collections Specialist | 155,000 ZWD | -65% |
| Corporate Controller | 233,000 ZWD | -48% |
| Corporate Treasurer | 291,000 ZWD | -35% |
| Cost Accountant | 150,000 ZWD | -66% |
| Cost Accounting Manager | 316,000 ZWD | -29% |
| Cost Accounting Supervisor | 251,000 ZWD | -44% |
| Cost Analyst | 239,000 ZWD | -46% |
| Credit and Collection Manager | 308,000 ZWD | -31% |
| Credit and Collection Staff | 120,000 ZWD | -73% |
| Credit and Loans Officer | 113,000 ZWD | -75% |
| Credit Controller | 202,000 ZWD | -55% |
| Credit Manager | 308,000 ZWD | -31% |
| Debt Adviser | 255,000 ZWD | -43% |
| Debt Collector | 117,000 ZWD | -74% |
| Debtors Clerk | 104,000 ZWD | -77% |
| Debtors Controller | 113,000 ZWD | -75% |
| Deputy CFO | 417,000 ZWD | -7% |
| Deputy Head of Finance | 411,000 ZWD | -8% |
| Derivative Trader | 251,000 ZWD | -44% |
| Director of Finance | 465,000 ZWD |  +4% |
| E-commerce Accountant | 164,000 ZWD | -63% |
| Economist | 366,000 ZWD | -18% |
| Equity Analyst | 282,000 ZWD | -37% |
| Escrow Assistant | 138,000 ZWD | -69% |
| Executive Accountant | 170,000 ZWD | -62% |
| External Auditor | 213,000 ZWD | -52% |
| Finance Administrator | 171,000 ZWD | -62% |
| Finance Analyst | 289,000 ZWD | -35% |
| Finance Associate | 133,000 ZWD | -70% |
| Finance Data Analyst | 240,000 ZWD | -46% |
| Finance Director | 471,000 ZWD | +5% |
| Finance Executive | 323,000 ZWD | -28% |
| Finance Licensing Clerk | 106,000 ZWD | -76% |
| Finance Licensing Manager | 292,000 ZWD | -35% |
| Finance Licensing Specialist | 173,000 ZWD | -61% |
| Finance Manager | 423,000 ZWD | -5% |
| Finance Officer | 146,000 ZWD | -67% |
| Finance President | 447,000 ZWD | +0% |
| Finance Relationship Manager | 366,000 ZWD | -18% |
| Finance Release Analyst | 180,000 ZWD | -60% |
| Finance Specialist | 261,000 ZWD | -42% |
| Finance Team Leader | 350,000 ZWD | -22% |
| Financial Accountant | 152,000 ZWD | -66% |
| Financial Actuary | 234,000 ZWD | -48% |
| Financial Administrator | 254,000 ZWD | -43% |
| Financial Advisor | 270,000 ZWD | -40% |
| Financial Analyst | 279,000 ZWD | -38% |
| Financial Applications Specialist | 199,000 ZWD | -55% |
| Financial Assistant | 121,000 ZWD | -73% |
| Financial Associate | 149,000 ZWD | -67% |
| Financial Claims Analyst | 211,000 ZWD | -53% |
| Financial Claims Manager | 264,000 ZWD | -41% |
| Financial Claims Supervisor | 256,000 ZWD | -43% |
| Financial Clerk | 114,000 ZWD | -74% |
| Financial Commercial Analyst | 213,000 ZWD | -52% |
| Financial Compliance Analyst | 242,000 ZWD | -46% |
| Financial Compliance Officer | 246,000 ZWD | -45% |
| Financial Consultant | 201,000 ZWD | -55% |
| Financial Controller | 245,000 ZWD | -45% |
| Financial Coordinator | 146,000 ZWD | -67% |
| Financial Customer Service Manager | 283,000 ZWD | -37% |
| Financial Data Scientist | 272,000 ZWD | -39% |
| Financial Dealer and Broker | 160,000 ZWD | -64% |
| Financial Director | 433,000 ZWD | -3% |
| Financial Encoder | 129,000 ZWD | -71% |
| Financial Manager | 408,000 ZWD | -9% |
| Financial Modelling Analyst | 275,000 ZWD | -38% |
| Financial Operations Manager | 380,000 ZWD | -15% |
| Financial Policy Analyst | 227,000 ZWD | -49% |
| Financial Project Manager | 328,000 ZWD | -27% |
| Financial Quantitative Analyst | 267,000 ZWD | -40% |
| Financial Reporting Consultant | 222,000 ZWD | -50% |
| Financial Reporting Manager | 280,000 ZWD | -37% |
| Financial Section Head | 293,000 ZWD | -34% |
| Financial Services Manager | 387,000 ZWD | -13% |
| Financial Services Sales Agent | 169,000 ZWD | -62% |
| Financial Technology Consultant | 251,000 ZWD | -44% |
| Financial Wellness Coach | 309,000 ZWD | -31% |
| FinTech Analyst | 271,000 ZWD | -39% |
| Fixed Assets Administrator | 155,000 ZWD | -65% |
| Forensic Accountant | 185,000 ZWD | -59% |
| Fraud Detection Supervisor | 180,000 ZWD | -60% |
| Fraud Prevention Manager | 311,000 ZWD | -30% |
| Fund Accountant | 152,000 ZWD | -66% |
| Grants Coordinator | 110,000 ZWD | -75% |
| Green Finance Analyst | 238,000 ZWD | -47% |
| Group Financial Manager | 425,000 ZWD | -5% |
| Internal Auditor | 212,000 ZWD | -53% |
| Internal Control Adviser | 230,000 ZWD | -48% |
| Internal Control Officer | 133,000 ZWD | -70% |
| International Tax Director | 359,000 ZWD | -20% |
| Inventory Accountant | 159,000 ZWD | -64% |
| Investment Advisor | 403,000 ZWD | -10% |
| Investment Analyst | 310,000 ZWD | -31% |
| Investment Associate | 257,000 ZWD | -42% |
| Investment Broker | 249,000 ZWD | -44% |
| Investment Fund Manager | 356,000 ZWD | -20% |
| Investment Operations Manager | 346,000 ZWD | -23% |
| Investment Underwriter | 128,000 ZWD | -71% |
| Investor | 190,000 ZWD | -57% |
| Investor Relations Manager | 309,000 ZWD | -31% |
| KYC Team Leader | 298,000 ZWD | -33% |
| Loan Processor | 125,000 ZWD | -72% |
| Management Accountant | 173,000 ZWD | -61% |
| Management Economist | 357,000 ZWD | -20% |
| Paymaster | 119,000 ZWD | -73% |
| Payroll Administrator | 198,000 ZWD | -56% |
| Payroll Benefits Coordinator | 168,000 ZWD | -62% |
| Payroll Billing Manager | 289,000 ZWD | -35% |
| Payroll Clerk | 137,000 ZWD | -69% |
| Payroll Manager | 271,000 ZWD | -39% |
| Payroll Officer | 130,000 ZWD | -71% |
| Payroll Specialist | 163,000 ZWD | -63% |
| Payroll Supervisor | 198,000 ZWD | -56% |
| Pensions Administrator | 162,000 ZWD | -64% |
| Personal Financial Advisor | 222,000 ZWD | -50% |
| Pricing Analyst | 246,000 ZWD | -45% |
| Private Equity Analyst | 285,000 ZWD | -36% |
| Project Accountant | 164,000 ZWD | -63% |
| Proposal Development Coordinator | 136,000 ZWD | -70% |
| Quantitative Trader | 224,000 ZWD | -50% |
| Receivables Accountant | 135,000 ZWD | -70% |
| Regulatory Accountant | 169,000 ZWD | -62% |
| Retirement Plan Analyst | 233,000 ZWD | -48% |
| Revenue Management Specialist | 253,000 ZWD | -43% |
| Revenue Recognition Analyst | 288,000 ZWD | -36% |
| Risk Management Director | 362,000 ZWD | -19% |
| Risk Management Supervisor | 311,000 ZWD | -30% |
| Staff Accountant | 146,000 ZWD | -67% |
| Tax Accountant | 142,000 ZWD | -68% |
| Tax Administrator | 172,000 ZWD | -61% |
| Tax Advisor | 230,000 ZWD | -48% |
| Tax Analyst | 240,000 ZWD | -46% |
| Tax Associate | 133,000 ZWD | -70% |
| Tax Consultant | 236,000 ZWD | -47% |
| Tax Director | 358,000 ZWD | -20% |
| Tax Examiner | 159,000 ZWD | -64% |
| Tax Manager | 303,000 ZWD | -32% |
| Tax Research Manager | 317,000 ZWD | -29% |
| Teller | 87,100 ZWD | -80% |
| Treasury Accountant | 160,000 ZWD | -64% |
| Treasury Analyst | 245,000 ZWD | -45% |
| Underwriter | 111,000 ZWD | -75% |
| Underwriting Assistant | 99,000 ZWD | -78% |
| Vice President of Finance | 400,000 ZWD | -10% |
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 Zimbabwe is 25% on average across all career fields.
| Private Sector | 194,000 ZWD | |
| Public Sector | +25% | 242,000 ZWD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Finance President in Zimbabwe?
A good and competitive compensation would range anywhere between 427,000 ZWD and 492,000 ZWD. 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 Finance President in Zimbabwe ranges from 205,000 ZWD to 344,000 ZWD. 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
