More Africans are leaving their jobs in quest of a healthier company culture and greater work-life balance, rather than simply a bigger compensation.
Indeed, the concept that workers in developing nations with significant unemployment and economic problems are fortunate to have jobs is no longer valid, since African employees have been reported to be among the most enthusiastic participants in the global job-quit frenzy.
Using the most recent data from our study, Business Insider Africa has found eight detailed vocations with some of the highest mean annual wages as of 2023, the most recent year for which data is available.
1. Software developers
According to Glassdoor, software development is a profitable and well-paid employment on the African continent. Due to the increased demand for software development employment in Africa, African developers are receiving full-time salaries of up to $107,731 per year.
The work include creating, designing, supporting, and delivering software for customers. Furthermore, these developers construct application systems and verify that they run smoothly. Furthermore, they develop, analyse, and test computer systems and software that tackle specific problems.
2. Data Analysts
Data analysts are specialists that collect, process, and analyze data to assist organizations in making educated decisions. They utilize statistical approaches and software tools to extract insights from massive datasets and present their results to stakeholders via reports and visualisations.
According to Glassdoor, the median annual compensation for data analysts in the United States is approximately $65,000. The median annual salary for data analysts in the UK is roughly £30,000, whereas in Canada it is around C$50,000.
In Africa, the typical annual compensation for data analysts is from $40,000 to $50,000. However, certain data analysts might earn substantially more, especially if they work for huge global corporations.
3. Full-Stack Developers
Full stack developers are experts in developing both the front and back ends of web applications. They have a diverse skill set, including understanding of front-end languages such as HTML, CSS, and JavaScript, as well as back-end languages such as Python, Java, and PHP. Full-stack engineers are in high demand across sectors since they can work on all layers of a web application and contribute to the entire development process.
Annual salaries for full stack developers in Africa range from $113,600 to $250,000.
4. IT Professionals
IT specialists are in high demand in many African countries, as businesses rely more on technology to optimize operations and communicate with customers. IT workers design, build, and maintain computer systems and networks for a variety of industries, including finance, healthcare, and government.
According to an African Development Bank report, the average annual compensation for IT workers in Africa ranges between $40,000 and $50,000. However, certain IT workers may earn substantially more, especially if they work for large international corporations or have executive positions.
5. Management Consultants
Management consultants assist businesses on how to enhance operations and achieve their objectives. They can work in a wide range of industries, including finance, healthcare, and manufacturing. Many management positions in Africa can offer competitive wages to persons with the necessary skills and expertise. Some potential options to examine are:
- 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.