The Chartered Institute of Management Accountants is a global professional management accounting body based out of the UK. CIMA offers training and qualification in management accountancy and related subjects. It is focused on accountants working in the industry and provides ongoing support and training for members.
Botswana average salary figures
In 2013, part-qualified CIMA students in Botswana earned an average of P198,676 in basic annual salary plus P13,657 in bonus payments, totaling P212,333.1
The mean figure is boosted by 44% who earn a higher-tier student salary of P200k or more, plus a bonus.
Tentative figures suggest that in 2013 qualified
CIMA members in Botswana earn an average of P511,538 in basic annual salary plus P45,461 in
bonus payments, totaling P557,000 per year.
However, the survey suggests that satisfaction in 2013 is higher among qualified members
(54%), which highlights the fact that their average earnings are more than twice that of
students. These findings suggest a potential need for Botswana-based employers to focus
more on attracting and retaining the best talent.
Salary increases anticipated
There is positive news in that 87% of members and students are expecting to receive a salary
increase over the next 12 months, at an average rate of 9.4%, which is above the price
inflation forecast of 7.2%.3 Around one-fifth (22%) expect a larger-than-average salary increase, including 17% who expect a very large salary rise of 20% or more, while onehalf (49%) anticipate a smaller-than-average
increase.
CIMA boosts salary deals and widens career choices
Members and students in Botswana are very positive about the benefits of the CIMA qualification on employability and salary. 77% agree that the CIMA qualification strengthens their position in salary negotiations, 94% say it creates career opportunities and widens career choice, and 89% say that it strengthens international employability.
How much are accountants paid in Botswana?
Accountant Salaries
| Job Title | Salary |
|---|---|
| Seriti Society Accountant salaries – 1 salaries reported | BWP 3,552/mo |
| Botswana Life Accountant salaries – 1 salaries reported | BWP 10,000/mo |
| Matd Accountant salaries – 1 salaries reported | BWP 8,000/mo |
| ITDistributors Accountant salaries – 1 salaries reported | BWP 6,200/mo |
Where can I study CIMA in Botswana?
BAC runs CIMA courses in full compliance with CIMA’s quality standards. BAC is one of the few colleges accredited by CIMA as a ‘Learning Quality Partner’ in Africa. In Botswana only BAC has such accreditation status.
Do CIMA students get paid?
CIMA students earn on average R392,120 in basic salary plus R37,012 in bonus payments, to a total of R429,132.
Is accounting in demand in Botswana?
Professional accountants in Botswana are in such demand that they can hop from one job to another.
How many chartered accountants are there in Botswana?
1 180 registered
Speaking at Botswana Institute of Chartered Accountants graduation ceremony on Friday, Senior Policy Advisor in the Ministry of Finance and Economic Development, Wilfred Mandlebe said BICA has 1 180 registered professional accountants with 478 being locals while 702 are foreigners.