FINANCE & BANKING / SALARY
PAPUA NEW GUINEA

SALARY SURVEYS

12

UPDATED
April 2024
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AVERAGE SALARY / YEAR		MOST TYPICAL SALARY / YEAR		Gross income Net (after tax) 3.79 PGK = 1 USD
166,294 PGK $43,835 USD		45,523 PGK $12,000 USD		Gross income Net (after tax) 3.79 PGK = 1 USD

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Average Salary / Finance & Banking / Papua New Guinea

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Average salary for Finance & Banking / Papua New Guinea is 166,294 PGK per year. The most typical earning is 45,523 PGK. All data are based on 12 salary surveys. Salaries are different between men and women. Men receive an average salary of 180,957 PGK. Women receive a salary of 122,914 PGK.

Based on education, the highest salaries receive people with Masters Degree with salary of 293,628 PGK. The second most paid education level is Bachelors Degree with salary of 150,607 PGK.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 272,763 PGK. Employees with 8-12 Years of experience receive 188,544 PGK.

Levels / Finance & Banking / Papua New Guinea (Gross PGK)

Salary Levels (PGK) per Year	Surveys	[%]
11,400 PGK - 18,999 PGK	0	n/a
19,000 PGK - 37,899 PGK	1	100% 8.33%
THE MOST TYPICAL SALARY
37,900 PGK - 56,899 PGK	2	91.67% 16.67%
56,900 PGK - 75,899 PGK	1	75% 8.33%
75,900 PGK - 94,799 PGK	1	66.67% 8.33%
94,800 PGK - 113,799 PGK	0	n/a
113,800 PGK - 132,799 PGK	1	58.33% 8.33%
132,800 PGK - 151,699 PGK	0	n/a
151,700 PGK - 170,699 PGK	1	50% 8.33%
170,700 PGK - 189,699 PGK	0	n/a
189,700 PGK - 208,599 PGK	0	n/a
208,700 PGK - 227,599 PGK	1	41.67% 8.33%
227,600 PGK - 246,599 PGK	1	33.33% 8.33%
246,600 PGK - 265,599 PGK	0	n/a
265,600 PGK - 284,499 PGK	1	25% 8.33%
284,500 PGK - 303,499 PGK	0	n/a
303,500 PGK - 322,499 PGK	1	16.67% 8.33%
322,500 PGK - 341,399 PGK	0	n/a
341,400 PGK - 360,399 PGK	0	n/a
360,400 PGK - 379,399 PGK	0	n/a
379,400 PGK - 398,299 PGK	1	8.33% 8.33%
398,300 PGK - 417,299 PGK	0	n/a
417,300 PGK - 436,299 PGK	0	n/a
436,300 PGK - 455,199 PGK	0	n/a
455,200 PGK - 474,199 PGK	0	n/a
474,200 PGK - 493,199 PGK	0	n/a
493,200 PGK - 512,099 PGK	0	n/a
512,100 PGK - 531,099 PGK	0	n/a
531,100 PGK - 550,099 PGK	0	n/a
550,100 PGK - 568,999 PGK	0	n/a
HIGH SALARIES
569,000 PGK - 606,999 PGK	0	n/a
607,000 PGK - 644,899 PGK	0	n/a
644,900 PGK - 682,899 PGK	0	n/a
682,900 PGK - 720,799 PGK	0	n/a
720,800 PGK - 758,699 PGK	0	n/a
758,700 PGK - 796,699 PGK	0	n/a
796,700 PGK - 834,599 PGK	0	n/a
834,600 PGK - 872,499 PGK	0	n/a
872,500 PGK - 910,499 PGK	0	n/a
910,500 PGK - 948,399 PGK	0	n/a
948,400 PGK - 1,327,799 PGK	0	n/a

Gender / Finance & Banking / Papua New Guinea (Gross PGK)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	9	180,957 PGK
2	Women	3	122,914 PGK

Education / Finance & Banking / Papua New Guinea (Gross PGK)

#		Surveys
1	Masters Degree	2	293,628 PGK
2	Bachelors Degree	8	150,607 PGK
3	Some College	2	102,049 PGK

Experience / Finance & Banking / Papua New Guinea (Gross PGK)

#		Surveys
1	20+ Years	4	272,763 PGK
2	8-12 Years	3	188,544 PGK
3	1-2 Years	1	75,873 PGK
4	2-4 Years	4	65,630 PGK

Age / Finance & Banking / Papua New Guinea (Gross PGK)

#		Surveys
1	56-60	3	293,628 PGK
2	46-50	1	210,926 PGK
3	36-40	2	162,747 PGK
4	31-35	3	142,261 PGK
5	26-30	2	58,801 PGK
6	21-25	1	34,522 PGK

Work Type / Finance & Banking / Papua New Guinea (Gross PGK)

#		Surveys
1	Contract	2	263,658 PGK
2	Permanent	9	156,298 PGK
3	Part Time	1	62,595 PGK

Cities / Finance & Banking / Papua New Guinea (Gross PGK)

#		Surveys		AVERAGE SALARY / YEAR
1	Port Moresby	12	166,161 PGK

Careers / Finance & Banking / Papua New Guinea (Gross PGK)

#		Surveys
1	Risk Manager	1	270,866 PGK
2	Finance Manager	2	226,101 PGK
3	Bank Manager	2	189,303 PGK
4	Other Finance Career	4	163,126 PGK
5	Investment Manager	1	122,914 PGK
6	Financial Analyst	1	75,873 PGK
7	Banks	1	41,730 PGK

People's individual salary examples (surveys)

Finance Manager

Posted 20 August 2020
Key knowledge and tasks

"Certified public accountant, MYOB/SAP."

City	Education	Experience	Knowledge	Gross salary / year
Port Moresby	Bachelors Degree	20+ Years	n/a	211,000 PGK

Collections Officer

Posted 20 February 2020
Key knowledge and tasks

"Monitor loans in arrears and contact delinquent customers to recommence loan repayments. Prepare arrears letters, summons and other legal documents upon confirmation of a bad or doubtful debt to ensure immediate loan recommencement. Attend court hearings and negotiate paying terms with delinquent customers. Assist managers with analysis on arrear trends and compiling loan structures suitable for eligible loan requests."

City	Education	Experience	Knowledge	Gross salary / year
Port Moresby	Some College	2-4 Years	n/a	34,500 PGK

Credit Manager

Posted 19 November 2019
Key knowledge and tasks

"I manage credit risk of a medium scale financial institution based in Port Moresby."

City	Education	Experience	Knowledge	Gross salary / year
Port Moresby	Masters Degree	8-12 Years	n/a	271,000 PGK

Chief Executive Officer

Posted 18 June 2019
Key knowledge and tasks

"Responsible for the whole operation throughout the country."

City	Education	Experience	Knowledge	Gross salary / year
Port Moresby	Some College	20+ Years	n/a	169,400 PGK

Relationship Manager

Posted 29 April 2019
Key knowledge and tasks

"Market Bank products to corporate clients
Financial assessments
Credit application motivations
Manage Staff
Grow Asset and Liability book
Grow Topline Income
Cross Selling
Increase market share."

City	Education	Experience	Knowledge	Gross salary / year
Port Moresby	Masters Degree	20+ Years	n/a	316,200 PGK

Chief Financial Officer

Posted 10 April 2019
Key knowledge and tasks

"Company finances and accounting."

City	Education	Experience	Knowledge	Gross salary / year
Port Moresby	Bachelors Degree	20+ Years	n/a	395,200 PGK

It & New Business Supervisor

Posted 04 April 2018
Key knowledge and tasks

"Supervise all aspects of lending and IT matters. Also added responsibility for workplace health and safety."

City	Education	Experience	Knowledge	Gross salary / year
Port Moresby	Bachelors Degree	8-12 Years	n/a	54,100 PGK

FINANCE & BANKING / SALARY PAPUA NEW GUINEA

12

166,294 PGK

45,523 PGK