Africa Salary Survey and Insights

An Overview of Earnings and High-Paying Professions in Africa

Get a glimpse into the earnings and top-paying professions in Africa with our African Salary Survey. Get a quick overview to stay informed

With the African continent being one of the fastest-growing economies in the world, 2023 promises to be an exciting year for job seekers and employers alike.

The country’s average salary range varies depending on several factors, including education, experience, industry, and location. As such, it is important to consider what salary to expect in Africa.

With salaries seeing an increase over the last 10 years the more developed countries such as South Africa, Morocco, and Egypt have a higher average salary compared to other countries in Africa

Industries that offer Top Salaries in Africa

 The industries that pay the highest salaries in Africa include finance, technology, oil and gas, consulting, telecommunications and healthcare. A finance professional with several years of experience can expect to earn anywhere between $3500 and $10,000 per year in countries such as South Africa and Morocco.The average salary in the highest paying industries in Africa can range anywhere from $30,000 to $200,000 or more per year, depending on the country and specific job.

A software engineer or a technology professional can earn a similar salary in these countries.

What positions are commanding high salaries in the current market?

With the African economy growing rapidly, many companies are looking to attract top talent from all over the world to fill these positions, including hiring for remote working roles. As a result, salaries for these roles have become increasingly competitive in recent years.

In Africa, certain roles come with higher salaries. These jobs include positions in the tech industry, finance, agriculture industry, mining engineering and management. Additionally, roles that require specialised skills such as engineering and healthcare often offer higher salaries than other fields. The top high-paying professions in Africa include Software Developers, Data Analysts, Full Stack Developers, IT Specialists, Management Consultants and Marketers

On average, a finance professional in Africa can expect to earn anywhere from $50,000 to $150,000 or more per year. It’s worth noting that top-level finance executives, such as CFOs or finance directors, can earn significantly higher salaries, sometimes reaching into the high six figures or even seven figures.

How do you determine if you are being offered a good salary in Africa?

With 54 countries, each with its own unique economic and social environment, it can be challenging to determine what constitutes a good salary.

A good salary is subjective and can vary greatly depending on the individual’s specific circumstances. It should be enough to cover basic expenses and provide a comfortable standard of living, while taking into account factors like the cost of living, occupation, industry, and geographical location. Additionally, some countries in Africa have a lower cost of living, so salaries that may seem lower compared to other countries may still provide a comfortable standard of living

At Select Global Solutions we advise companies and employees on salary scales, based on our extensive industry insights working with over 500 companies across the African region. If you are a hiring manager, and would like to discuss further, get in touch at [email protected]

Over the coming weeks, we will be sharing more insights into typical salaries for key roles such as Finance Director, Marketing Manager, HR Manager and Operations Manager in Kenya, Nigeria and other key markets in Africa.

Note: The information presented in this article is based on research and data from various sources. We encourage our readers to gather comprehensive information regarding salaries for specific positions and industries before making informed career decisions

To find the latest jobs, go to www.selectglobal.co.in/jobs