People working in Information Technology in Namibia typically earn $17,500 NAD per month. Salaries can range from $9,090 NAD (lowest average) to $28,600 NAD (highest average, the actual maximum salary is higher).
Salary variations exist between different positions, which can help you determine what kind of profession is best for you and your family.
How does a person’s salary progress over time?
Experience equates to higher pay & increased responsibility. The experience level of an individual is the most important factor in determining their salary & responsibilities.
Having experience in your field can make you earn a higher salary and will benefit your career trajectory.
Less experienced workers are likely to earn less dollar-wise over time. Professionals with experience of over five years earn on average 36% more than those with five years or less of work experience.
At 10 years of experience, you will see an increase in your salary of 21% and after 15 years it’s another 14% higher.
How does the education level affect your salary?
It is well known that the higher your degree level, the bigger your salary potential. This additional money can be quite lucrative in the long run and is a great addition to your income.
University-educated workers earn significantly more than their low-certificate-only counterparts.
Bachelor’s Degree holders earn a higher salary than those who just completed High School and can perform more complex tasks.
Those with a Master’s degree earn 29% more than those with a Bachelor’s degree.
In general, PhD holders make more money than Master’s Degree holders while doing the same job. The difference is larger at certain levels of education and in certain industries, with scientists earning 74% more than someone with a degree in Business Administration.