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Executive and Management Average Salaries in Nigeria 2024

How much money does a person working in Executive and Management make in Nigeria?


Average Monthly Salary
463,000 NGN
( 5,550,000 NGN yearly)

LOW
151,000
NGN
AVERAGE
463,000
NGN
HIGH
756,000
NGN
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Executive and Management in Nigeria typically earns around 463,000 NGN. Salaries range from 151,000 NGN (lowest average) to 756,000 NGN (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Executive and Management domain in Nigeria exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Executive and Management
Account Coordinator316,000 NGN
Account Director393,000 NGN
Account Executive397,000 NGN
Account Manager370,000 NGN
Administration Manager369,000 NGN
Administration Officer208,000 NGN
Administration Supervisor313,000 NGN
Administrative Clerk149,000 NGN
Administrative Officer144,000 NGN
Area Director344,000 NGN
Area Manager357,000 NGN
Asset Protection Associate400,000 NGN
Assistant Director399,000 NGN
Assistant General Manager408,000 NGN
Assistant Manager431,000 NGN
Assistant Managing Director437,000 NGN
Assistant Operations Manager437,000 NGN
Assistant Project Manager386,000 NGN
Assistant Section Head326,000 NGN
Assistant to CEO347,000 NGN
Assistant Vice President405,000 NGN
Associate Account Director376,000 NGN
Associate Director401,000 NGN
Bid Manager427,000 NGN
Branch Manager435,000 NGN
Business Development Manager501,000 NGN
Business Operations Associate407,000 NGN
Business Operations Lead403,000 NGN
Campaign Manager426,000 NGN
Catering Coordinator233,000 NGN
Catering Manager371,000 NGN
CEO720,000 NGN
Chairman of The Board747,000 NGN
Chairman Office Manager471,000 NGN
Chief Commercial Officer535,000 NGN
Chief Corporate Officer607,000 NGN
Chief Digital Officer515,000 NGN
Chief Digital Strategy Officer555,000 NGN
Chief Digital Transformation Officer498,000 NGN
Chief Ethics Officer460,000 NGN
Chief Executive Officer729,000 NGN
Chief Financial Officer689,000 NGN
Chief Investment Officer564,000 NGN
Chief of Staff333,000 NGN
Chief Operating Officer579,000 NGN
Chief Privacy Officer456,000 NGN
Chief Resilience Officer540,000 NGN
Chief Risk Officer480,000 NGN
Chief Strategy Officer588,000 NGN
Chief Trust and Safety Officer457,000 NGN
Client Account Manager431,000 NGN
Client Accounts Officer385,000 NGN
Client Services Manager495,000 NGN
Commercial Director504,000 NGN
Commercial Manager439,000 NGN
Commercial Project Manager416,000 NGN
Commodity Broker313,000 NGN
COO573,000 NGN
Corporate Affairs Executive442,000 NGN
Corporate Compliance Director482,000 NGN
Corporate Director536,000 NGN
Corporate Officer366,000 NGN
Corporate Partnerships Officer344,000 NGN
Country Manager597,000 NGN
Department Head448,000 NGN
Department Manager475,000 NGN
Department Supervisor393,000 NGN
Deputy Director531,000 NGN
Deputy Manager533,000 NGN
Director583,000 NGN
Director of Accreditation477,000 NGN
Director of Catering Services455,000 NGN
Director of Client Services492,000 NGN
Director of Facilities Management399,000 NGN
Director of Operations477,000 NGN
Director of Process Simplification395,000 NGN
Director of Product Management495,000 NGN
Director of Project Management520,000 NGN
Director of Revenue Management450,000 NGN
Director of Training and Development476,000 NGN
Distribution Manager488,000 NGN
Division Manager421,000 NGN
Duty Manager418,000 NGN
Engagement Manager540,000 NGN
Executive Director745,000 NGN
Executive Manager618,000 NGN
Franchise Manager654,000 NGN
General Manager565,000 NGN
Generational Consultant384,000 NGN
Global Master Data Manager518,000 NGN
Global Technical Lead335,000 NGN
Head of Investment481,000 NGN
Head of Middle Office485,000 NGN
Head of Projects499,000 NGN
Head of Strategy570,000 NGN
Head of Supply Chain446,000 NGN
Head of Sustainability433,000 NGN
Housing Manager383,000 NGN
HSE Manager413,000 NGN
Innovation Manager443,000 NGN
Key Account Manager427,000 NGN
Knowledge Manager498,000 NGN
Location Manager489,000 NGN
Logistics Executive380,000 NGN
Logistics Manager369,000 NGN
Management Consultant406,000 NGN
Management Executive542,000 NGN
Manager486,000 NGN
Managing Director590,000 NGN
MIS Executive498,000 NGN
Ocean Services Manager522,000 NGN
Online Business Manager717,000 NGN
Operational Manager541,000 NGN
Operations Analyst458,000 NGN
Operations Assistant349,000 NGN
Operations Director566,000 NGN
Operations Executive552,000 NGN
Operations Manager575,000 NGN
Operations Supervisor441,000 NGN
Planning Director551,000 NGN
PMO Manager450,000 NGN
Policy Administration Executive417,000 NGN
Private Sector Executive441,000 NGN
Product Development Manager510,000 NGN
Product Executive424,000 NGN
Production Executive504,000 NGN
Production Manager482,000 NGN
Production Supervisor418,000 NGN
Program Director505,000 NGN
Program Manager506,000 NGN
Programme Coordinator365,000 NGN
Project Control Manager500,000 NGN
Project Coordinator305,000 NGN
Project Management Officer356,000 NGN
Project Manager359,000 NGN
Project Portfolio Manager386,000 NGN
Quality Manager411,000 NGN
R/D Director430,000 NGN
Regional Director670,000 NGN
Regional Manager499,000 NGN
Relationship Manager512,000 NGN
Retail District Manager358,000 NGN
Revenue Manager394,000 NGN
Risk and Capital Manager559,000 NGN
Risk Officer396,000 NGN
Safety Manager372,000 NGN
Section Head366,000 NGN
Service Manager391,000 NGN
Shift Supervisor298,000 NGN
Solutions Manager368,000 NGN
Supervisor305,000 NGN
Supply Chain Manager537,000 NGN
Surveyor345,000 NGN
Technical Director490,000 NGN
Technical Manager468,000 NGN
Territory Manager496,000 NGN
Validation Manager441,000 NGN
Vice President633,000 NGN
Zone Manager524,000 NGN


Executive and Management Jobs Pay Scale and Salaries in Nigeria

Median and salary distribution Nigeria Executive and Management monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
385,000 NGN or more
10% of people earn
326,000 to 385,000 NGN
20% of people earn
196,000 NGN or less
65% of people earn
196,000 to 326,000 NGN
Minimum Salary
151,000 NGN
Median
408,000 NGN
Maximum
756,000 NGN




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Executive and Management in Nigeria range from 151,000 NGN (starting average salary) to 756,000 NGN (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Executive and Management is 408,000 NGN, implying that half of the workforce in Nigeria earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Executive and Management in Nigeria earn less than 307,000 NGN, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 482,000 NGN, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Executive and Management in Nigeria. The analysis revealed that roughly 65% of all reported salaries fell within the range of 196,000 NGN to 326,000 NGN. Approximately 20% of salaries were below the 196,000 NGN mark, while 10% ranged from 326,000 NGN to 385,000 NGN. Only 5% of individuals earned a gross salary of 385,000 NGN or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Executive and Management in Nigeria having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Executive and Management in Nigeria, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Nigeria costs anywhere from 1,700,000 NGN to 5,100,000 NGN and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Executive and Management / Nigeria

Salary comparison by gender Nigeria Executive and Management monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Executive and Management in Nigeria, the average difference between the salary of male and female employees is 12%.

Male
496,000 NGN
Female-11%
441,000 NGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Nigeria for all Careers

Salary comparison by gender monthly Nigeria
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Average Annual Salary Increment Percentage / Executive and Management / Nigeria

How much are annual salary increments in Nigeria for individuals working in Executive and Management? How often do employees get salary raises?

Professionals working in Executive and Management in Nigeria are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Nigeria Executive and Management
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Nigeria / All Professions

Annual Salary Increment Rate Nigeria
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Nigeria is 5%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Executive and Management / Nigeria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Nigeria Executive and Management
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28% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 72% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
72%
No Bonus
28%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Executive and Management / Nigeria


2,670 NGN per hour

The average hourly wage (pay per hour) in Executive and Management in Nigeria is 2,670 NGN.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Executive and Management in Nigeria is 870 NGN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Benin City394,000 NGN
Ibadan441,000 NGN
Kaduna415,000 NGN
Kano458,000 NGN
Lagos480,000 NGN

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Nigeria is 6% on average across all career fields.

Private Sector
329,000 NGN
Public Sector+6%
349,000 NGN
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Executive and Management in Nigeria?

A good and competitive compensation would range anywhere between 408,000 NGN and 482,000 NGN. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Executive and Management in Nigeria ranges from 151,000 NGN to 307,000 NGN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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