Using the latest data from our research, Business Insider Africa has identified 8 detailed occupations with some of the highest average annual salaries in 2022, the latest period for which data is available.
1. Software Developer
According to Glassdoor, software development is a profitable and high-paying job on the African continent. With the high demand for software development jobs in Africa, African developers get full-time jobs that pay $107,731 a year.
These projects include developing, designing, supporting, and deploying software for customers. Furthermore, the developer designs the application system and ensures smooth operation. In addition, they create, analyze and test computer programs and software that solve specific problems.
2. Data analyst
Data analysts are professionals who collect, process and analyze data to help organizations make informed decisions. They use statistical methods and software to extract insights from large data sets and communicate these findings to stakeholders through reports and visualizations.
According to data from Glassdoor, the average salary for a data analyst in the United States is around $65,000 per year. The average salary for a data analyst in the UK is around £30,000 per year, while in Canada, the average salary is around C$50,000 per year.
In Africa, the average salary for a data analyst is around $40,000-$50,000 per year. However, some data analysts can earn more, especially if they work for large multinational companies.
3. Full stack developer
Full stack developers are professionals who are skilled in developing front-end and back-end web applications. They have a wide range of skills, including knowledge of languages such as HTML, CSS, and JavaScript for the front-end and languages such as Python, Java, and PHP for the back-end. Full-stack developers are in high demand in many industries, because they can work on all layers of web applications and can contribute to the development process from start to finish.
Salaries for full stack developers in Africa can range from $113,600 – $250,000 per year
4. IT professionals
Information technology (IT) professionals are in high demand in many African countries, as organizations increasingly rely on technology to improve operations and communicate with customers. IT professionals design, build and maintain computer systems and networks and can work in a variety of industries, including finance, healthcare, and government.
According to a report from the African Development Bank, the average salary for an IT professional in Africa is around $40,000-$50,000 per year. However, some IT professionals can earn more, especially if they work in large multinational companies or hold leadership positions.
5. Management Consultant
Management consultants advise organizations on how to improve their operations and achieve their goals. They can work in a variety of industries, including finance, healthcare, and manufacturing. Many management roles in Africa can offer high salaries to individuals with the right skills and experience. Some potential options to consider include:
- Chief Executive Officer (CEO) $100,000-$200,000 per year.
- Chief Financial Officer (CFO) – $80,000-$150,000 per year.
- Chief marketing officer (CMO) – $60,000-$100,000 per year.
- Chief technology officer (CTO) – $80,000-$150,000 per year.
Conclusion
It is important to note that these salary ranges are estimates and may vary depending on a variety of factors, such as an individual’s level of education, experience, and location. That’s why we recommend that readers always research salary data for specific positions and industries before making career decisions.