Salary in Namibia varies, depending on many factors like experience and specialization. A person who earns 4,410 NAD one year might make up to 77,900 NAD the next.
The average monthly salary includes housing, transport, and other benefits. The salary varies drastically between different careers.
How does a person’s salary progress over time?
Experience is something that will dictate the salary of an individual. Those with more experience and more pay. Generally speaking, experiences with work from 2 to 5 years earns an average of 32% more than fresh and junior employees across all industries.
With more experience, professionals earn more than those with less experience. Those with five years or more work experience earn 36% the amount of those with less work experience.
How does the education level affect your salary?
Those with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Those with a Bachelor’s Degree earn an average of $76,500 per year on average which is significantly more than those with a certificate or diploma.
It’s true that a Master’s Degree is more in demand and more salary for people who have one. Compared to a Bachelor’s Degree, Master Degrees can vary in price but at an average, they are 29% more expensive.
Finally, PhD holders earn 23% more than Master’s Degree holders on average while doing the same job.