African Development Bank Salaries
The African Development Bank (AfDB) was established in 1964, with its headquarters in Abidjan but, due to conflict in Ivory Coast, the temporary headquarters is in Tunis, Tunisia, and is supported by offices in 25 African countries.
The AfDB has about 1500 employees, most of who are Africans from the 53 regional member countries, however, citizens of the 25 non-regional members, which include the EU and the USA, can also apply for positions and gain employment. Nevertheless, the top job of President of the African Development Bank is reserved for an African.
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The average salary for African Development Bank jobs is $144,412; ranging from $101,237 at the 25TH percentile to $125,954 at the 75TH percentile, with top earners (the top 10%) earning more than $138,965. Compensation is derived from fewer than 20 profiles, including base salary, equity and bonus.
1. Account Executive – $58,670
2. Front End Developer – $106,797
3. Inside Sales Accountant Executive – $47,849
4. Physician – $150,108
5. Africa Regional Advisor for Tuberculosis and HIV/AIDS – $74,233
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7. Strategic Manager – $105,421
8. Investment Banking Analyst – $144,057
9. Research Intern – $25,829
10. Account Manager – $79,173
11. Consultant – $63,000 (average)
12. Senior System Analyst – $91,000 (average)
13. Software Developer – $75,000 (average)
14. Accountant – $45,000 (average)
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The African Development Bank finances projects, programmes and studies in areas of agriculture, health, education, infrastructure, public utilities, transport and telecommunications, climate change and private sector development.
The AfDB also finances structural adjustment loans, policy-based reforms and various forms of technical assistance and policy advice.
It’s employees are also made to work with governments across Africa, helping with policy advice and the preparation and supervision of development projects.
The African Development Bank is also committed to diversity of gender, nationality, race, culture, education and experience and must ensure its staff composition reflects a fair representation of all member countries.
One of its goals however, is to increase the number of female employees ; therefore women are “strongly encouraged to apply” for jobs.
Recruitment At African Development Bank
The process of recruiting and selecting is based on the principles of merit, equality, impartiality and transparency. This is why the vacancy notices are widely publicised through different media.
All candidates are advised to apply online. However, for certain positions, AfDB uses head-hunters to assist the Bank in the recruitment process.
The AfDB mission is to help reduce poverty and mobilize resources for Africa’s economic and social development. Therefore, the Bank looks out for candidates who show an interest in improving living conditions for Africans.
One gateway into the Bank is through its internship programme for students between ages 18 and 30 who are enrolled in a Master’s Degree or its equivalent.
Another way is through the Young Professionals programme, for people up yo 32 years of age with Master’s Degree in Economics, Engineering, Social Sciences, International Development, Business Administration or Finance, and at least three years’ working experience.
The official languages of the AfDB are both the English and French languages, so a knowledge of both is an additional advantage for applicants, as well as field experience in developing countries.
To apply for a job in AfDB, visit:
https://www.afdb.org/en/about-us/careers/application-pro
The online application process of the AfDB will enable you to:
a. Search current vacancies.
b. Create or update your candidate profile.
c. Apply for a vacancy.
d. Monitor Ongoing Status Updates on Applications.
e. Attach a resume or other file(s) to an application.
f. Send a job listing to a colleague.
g. Contact AfDB.
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To apply for a position in the AfDB:
a. You must be a national of a member country.
b. You must not be less than 18 years of age and not older than 57 years old.
c. Submit application for a vacancy as soon as the position is advertised, but not later than 11:59 PM (23:59 hrs) on the vacancy closing date. Vacancy closing dates are based on GMT.
You are advised to have the following information at hand before you begin to fill out the online form as you are not able to save your application as a draft and return to it at a later stage.
Dependents (spouse and natural or legally adopted children):
a. Spouse – name and date of birth.
b. Children’s names, relationship and date of birth.
Educational Background:
a. Name, type – and address of up to two schools/universities attended.
b. Degrees obtained.
c. Dates of attendance (from-to, month/year).
d. Major area of concentration (for each degree).
Employment History: Current and Prior Employment:
a. Name(s) of current and/or Prior Employer(s).
b. Employment dates (from-to, month/year) and earnings.
References:
Names, occupation, relationship, addresses and email addresses.
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CV and Cover Letter:
If you choose to upload your CV as a file, please note the following instructions:
a. Do not protect it with any kind of password.
b. You can only attach one single file, the maximum file size is 4mb.
c. Your CV can be uploaded only in any of the following formats: DOC, DOCX, RTF, PDF, TXT, and HTML.
You can use the text area for a cover letter and any supplementary information you would like to provide about your career goals, availability, best times to contact you, etc., not exceeding 4,000 characters.
Upon completion of the form, press the submit button. The system will automatically check for any missing information; go back directly to the “Submit Application” screen ,by using the circled numbers on top of the screen.
Benefits Of Working In The African Development Bank
1. Internationally competitive remuneration package.
2. Tax-free salary.
3. Comprehensive medical insurance.
4. Annual and home leave.
5. Flexi-time working arrangement.
6. Diplomatic immunity.
