In Madagascar, there are 13 commercial banks most of which are foreign- Owned. Banking job opportunities in Madagascar provide great job opportunities for those who are willing to learn, grow and adapt to to a volatile economy high competition among the top firms.
Banks in Madagascar are in high demand for roles in digital marketing, product planning, systems administration, API development, risk management, audit, legal compliance and specialized role in loan administration. These positions often require a Bachelor’s degree in finance, accounting, or IT. Also all candidate must be fluent in french, English and must must have a very good knowledge of Malagasy.
In this article we will be discussing the latest banking job openings in Madagascar, average salary, and qualification.
Latest Banking Job Openings Available
1. Consultante conformité and audit – Certification Qualiopi
- Employer: Talent’X
- Location: Antananarivo, Analamanga, Madagascar
- Seniority level: Mid-Senior level
- Employment type: Full-time
- Job function: Legal
- Industries: Human Resources Services
2. Finance Officer
- Employer: Onja
- Location: Toamasina, Atsinanana, Madagascar
- Seniority level: Entry level
- Employment type: Internship
- Job function: Finance and Sales
- Industries: Software Development
Other Requirements
- Must have a strong logical thinking and love for numbers
- Good attention to detail and a high level of integrity
- Willingness to learn and grow in a fast-paced environment
- Comfortable with spreadsheets and basic digital tools
- Based in or willing to relocate to Toamasina
- Good team player
- Proficient in English
3. CHARGE(E) DE BACK-OFFICE/ MIDDLE-OFFICE OPERATIONNEL (CBOOFO126)
- Employer: Publika Group
- Location: Antananarivo, Analamanga, Madagascar
- Seniority level: Entry level
- Employment type: Full-time
- Job function: Other
- Industries: Advertising Services
4. Back Office Employee
- Employer: Aceolution
- Location: Antananarivo, Analamanga, Madagascar
- Seniority level: Entry level
- Employment type: Contract
- Job function: Information Technology
- Industries: IT Services and IT Consulting
- Experience: 0 to 3 years of experience in Back Office, operations, data Processing, administrative Support roles
Other Requirements
- Strong attention to detail and accuracy
- Basic knowledge of Excel, Google Sheets, and internal systems
- Familiarity with CRM or ticketing tools is preferred
- Good written communication and documentation skills
- Ability to work in a process-driven environment
5. Conseiller Commercial Automobile Premium
- Employer: Groupe EDL
- Location: Antananarivo, Analamanga, Madagascar
- Seniority level: Entry level
- Employment type: Full-time
- Job function: Sales and Business Development
- Industries: Consumer Goods
Profil recherché
- Excellente aisance relationnelle et sens de l’écoute
- Capacité à communiquer avec clarté et impact
- Maîtrise des techniques de vente et goût du challenge
- Autonomie, proactivité et esprit d’équipe
- Une expérience dans l’automobile ou dans un univers haut de gamme est un plus
Qualification/ Skills Required For Banking Jobs in Madagascar
1. All banking candidates in Madagascar must have a bachelor’s degree or a Master’s degree in finance, accounting, economics, or business administration. Alongside with professional certificate like the CA ( Chartered Accountant) or CPA. This certificate is always very important
2. All banking candidates in Madagascar must have proven years of relevant experience. Specialized role like finance manager will be needing not less than 3 to 7 years of experience in banking supervision, accounting, or audit.
3. All candidates must have full professional proficiency in French, often combine with a sound knowledge of English.
4. All candidates must have technical skills they must be able to familiarize themselves with banking or accounting software packages, have knowledge of excel and other Microsoft office. It’s is also good for all candidates to have indepth understanding of international banking standards like IFRS, compliance, and regulatory frameworks.
5. All candidates must also have analytical ability, they should be skilled in financial analysis, data monitoring, and reporting. They must be able to communicate effectively both in oral or writing form, this will help them work effectively with diverse stakeholders.
6. All candidates must have good integrity, they must possess the ability to maintain confidentiality, they must be able to pay attention to detail, and a self-starter attitude.
All banking candidates should bare in mind that position like banking supervisor or advisor will require a 7+ years of experience in regulatory compliance, deep knowledge of international banking standards while card business specialists position will be requiring up to 3 to 5 years in card management or 5 years in banking, with knowledge of Visa or MasterCard systems.
Top Banks or Financial Institutions Hiring Bankers in Madagascar
1. Bank of Africa (BOA) Madagascar: The bank of Africa is partly recognized as one of the top universal bank present in Madagascar. This banks often hire banking candidates for various positions.
2. Mauritius Commercial Bank (MCB) Madagascar: The Mauritius commercial bank is located in Madagascar and the majorly focus on corporate, institutional, and personal banking.
3. World Bank Group: The world bank group usually hire staff based in Antananarivo for role like economic development, such as Agricultural Economists
4. African Development Bank (AfDB):The Africa development banks also offer different career opportunities for experience and internship worker in the country.
Average Salary For Bankers in Madagascar
In Madagascar, the average of banking jobs is generally between 1,470,000 MGA and 2,760,000 MGA per month which is approximately $329 USD and $617 USD per month for any professional role. Financial manager usually earn a high average monthly salary of around 2,760,000 MGA which is approximately $617 USD. Project manager can earn an average monthly salary of 1,470,000 MGA which is equivalent to $329 USD.
Salaries of bankers in madagascar are determined by so many factors, some of which are location, experience, and degree or level of education attained. In Madagascar, a candidate with 0 to 2 years of experience can expect to earn somewhere around 6,311,900 MGA. Those with 2 to 5 years of experience can expect around 8,701,100 MGA, a banker with up to 5 to 10 of experience in the banking industry such banker salary can increase to 12,361,500 MGA while a banker with up to 10 to 20 years of experience can expect to earn around 15,118,700 MGA to 17,399,400 MGA.
The average salary of a banker in Madagascar can also be determined by the level of education attained. A banker with high school education can earn an average salary of 7,801,800 MGA, a banker with certificate or diploma education can earn an average salary of 9,082,500 MGA, a banker with a bachelor’s degree education can earn an average salary of 13,199,100 MGA while a master degree in education can earn an average salary of 17,399,400 MGA.
Conclusion
Banking jobs in Madagascar is a very stable, profitable and professional career path for individual who are skilled in finance, technology, or risk management. Financial industries are currently recruiting and there are diverse opportunities in digital finance due to modernization. Banks and other financial institution in Madagascar is willing to employ intern and any candidate who have meet all requirements, this process will help them grow and gain vital experience only if there are ready to adapt to a volatile economy high competition among the top firms.
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