Members’ salaries surveyed in Sri Lanka

According to our latest Sri Lanka salary survey, the average monthly salary for a qualified CIMA professional in Sri Lanka is Rs168,000 (US$1,500).

People working in the manufacturing sector receive the highest average monthly salaries of Rs222,000 (US$2,000).

As Sri Lanka’s economy grows, so does its demand for accounting and financial analyst services. To meet these demands, Sri Lanka needs a constant supply of fresh, talented graduates. That means that CIMA professionals are constantly in demand - and this has been driving up salaries.

As well as salary and bonuses the report looks at:

• demographic profile
• benefits
• sector analysis
• hours of work
• satisfaction.

When the data was collected in August and September last year, qualified CIMA professionals on average expected to receive bonuses equivalent to 1.75 times their monthly salary in 2007.

Financial directors said they were expecting to walk away with a bonus equivalent to 2.3 months’ salary in 2007.

By sector, bonus potentials are highest in accounting practices, where respondents are, on average, also expecting bonuses equivalent to 2.3 times monthly salary.

The average benefits package received on top of basic salaries is worth Rs56,000 (US$500). The biggest mismatch between benefits received and the benefits deemed to be of most importance is for pensions. Although just 9% of participants receive a pension, three-quarters cite pensions as being extremely important to them.

The complete CIMA Sri Lanka salary survey 2007/2008 is available on CIMA MYJOBS.

May 2008