Using the most recent data from our research, Business Insider Africa has identified 8 detailed occupations with some of the highest median annual wages as of 2022, the most recent period for which data is available.
1. Software developers
According to Glassdoor, software development is a lucrative and well-paying job on the African continent. With the high demand for software development jobs in Africa, African developers are getting full-time jobs that pay up to $107,731 per year.
The job involves developing, designing, supporting, and implementing software for clients. In addition, these developers design application systems and ensure smooth operations. In addition, they create, analyze, and test computer programs and software that solve a specific problem.
2. Data analysts
Data analysts are professionals who collect, process, and analyze data to help organizations make informed decisions. They use statistical methods and software tools to extract information from large data sets and communicate their findings to stakeholders through reports and visualizations.
According to data from Glassdoor, the median salary for data analysts in the United States is around $65,000 per year. The median salary for data analysts in the UK is around £30,000 per year, while in Canada, the median salary is around C$50,000 per year.
In Africa, the average salary for data analysts is around $40,000-$50,000 per year. However, some data analysts can earn significantly more, especially if they work for large multinational companies.
3. Full Stack Developers
Salaries for full stack developers in Africa can be around $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 their operations and communicate with customers. IT professionals design, build, and maintain computer networks and systems and may work in a variety of industries, including finance, healthcare, and government.
According to a report from the African Development Bank, the average salary for IT professionals in Africa is around $40,000-$50,000 per year. However, some IT professionals can earn significantly more, especially if they work for large multinational companies or are in leadership positions.
5. Management consultants
Management consultants advise organizations on how to improve their operations and achieve their goals. They may work in a variety of industries, including finance, healthcare, and manufacturing. Many management roles in Africa can offer high salaries for people 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.
It is important to note that these salary ranges are estimates and can vary based on a variety of factors, including the individual’s level of education, experience, and location. That’s why we recommend our readers always research salary data for specific positions and industries before making career decisions.