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Executive and Management Average Salaries in Armenia 2022

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

Average Monthly Salary
1,050,000 AMD
( 12,600,000 AMD yearly)


A person working in Executive and Management in Armenia typically earns around 1,050,000 AMD per month. Salaries range from 346,000 AMD (lowest average) to 1,730,000 AMD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Executive and Management careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Coordinator772,000 AMD
Administration Manager858,000 AMD
Area Manager853,000 AMD
Asset Protection Associate965,000 AMD
Assistant Director925,000 AMD
Assistant Manager1,010,000 AMD
Assistant Operations Manager1,070,000 AMD
Assistant Project Manager951,000 AMD
Assistant Section Head807,000 AMD
Assistant to CEO893,000 AMD
Assistant Vice President999,000 AMD
Associate Director986,000 AMD
Bid Manager1,060,000 AMD
Branch Manager1,070,000 AMD
Business Development Manager1,190,000 AMD
Business Operations Associate898,000 AMD
Business Operations Lead937,000 AMD
Campaign Manager1,040,000 AMD
Chairman of The Board1,810,000 AMD
Chairman Office Manager1,200,000 AMD
Chief Corporate Officer1,510,000 AMD
Chief Executive Officer1,890,000 AMD
Chief Financial Officer1,600,000 AMD
Chief of Staff806,000 AMD
Chief Operating Officer1,300,000 AMD
Chief Risk Officer1,160,000 AMD
Client Services Manager1,200,000 AMD
Commercial Project Manager986,000 AMD
Commodity Broker738,000 AMD
Corporate Affairs Executive1,060,000 AMD
Corporate Compliance Director1,140,000 AMD
Corporate Director1,210,000 AMD
Corporate Officer825,000 AMD
Corporate Partnerships Officer870,000 AMD
Country Manager1,450,000 AMD
Deputy Director1,260,000 AMD
Director1,370,000 AMD
Director of Accreditation1,190,000 AMD
Director of Catering Services1,090,000 AMD
Director of Client Services1,140,000 AMD
Director of Facilities Management1,010,000 AMD
Director of Operations1,140,000 AMD
Director of Process Simplification950,000 AMD
Director of Project Management1,210,000 AMD
Director of Revenue Management1,150,000 AMD
Director of Training and Development1,210,000 AMD
Distribution Manager1,180,000 AMD
Division Manager1,000,000 AMD
Duty Manager1,040,000 AMD
Engagement Manager1,260,000 AMD
Executive Director1,720,000 AMD
Executive Manager1,530,000 AMD
Franchise Manager1,470,000 AMD
General Manager1,370,000 AMD
Global Master Data Manager1,310,000 AMD
Head of Middle Office1,140,000 AMD
Head of Projects1,160,000 AMD
Head of Sustainability1,020,000 AMD
Housing Manager947,000 AMD
HSE Manager974,000 AMD
Key Account Manager1,040,000 AMD
Knowledge Manager1,100,000 AMD
Location Manager1,110,000 AMD
Logistics Manager938,000 AMD
Management Consultant942,000 AMD
Management Executive1,300,000 AMD
Manager1,200,000 AMD
Managing Director1,440,000 AMD
MIS Executive1,150,000 AMD
Ocean Services Manager1,290,000 AMD
Operations Assistant830,000 AMD
Operations Director1,390,000 AMD
Operations Executive1,250,000 AMD
Operations Manager1,350,000 AMD
Operations Supervisor1,130,000 AMD
Policy Administration Executive1,060,000 AMD
Private Sector Executive1,080,000 AMD
Product Development Manager1,160,000 AMD
Product Executive1,080,000 AMD
Production Executive1,240,000 AMD
Production Manager1,240,000 AMD
Production Supervisor972,000 AMD
Program Manager1,310,000 AMD
Programme Coordinator865,000 AMD
Project Control Manager1,310,000 AMD
Project Coordinator719,000 AMD
Project Management Officer852,000 AMD
Project Manager932,000 AMD
Project Portfolio Manager972,000 AMD
Quality Manager1,020,000 AMD
R/D Director1,030,000 AMD
Regional Director1,580,000 AMD
Regional Manager1,210,000 AMD
Relationship Manager1,150,000 AMD
Retail District Manager875,000 AMD
Revenue Manager909,000 AMD
Risk and Capital Manager1,380,000 AMD
Risk Officer931,000 AMD
Safety Manager890,000 AMD
Section Head945,000 AMD
Service Manager985,000 AMD
Shift Supervisor719,000 AMD
Solutions Manager812,000 AMD
Supervisor725,000 AMD
Supply Chain Manager1,320,000 AMD
Surveyor808,000 AMD
Technical Manager1,110,000 AMD
Territory Manager1,220,000 AMD
Validation Manager1,020,000 AMD
Vice President1,440,000 AMD
Zone Manager1,250,000 AMD

Executive and Management Jobs Salary Distribution in Armenia

Median and salary distribution monthly Armenia Executive and Management
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The median, the maximum, the minimum, and the range

  • Salary Range

    Executive and Management salaries in Armenia range from 346,000 AMD per month (minimum average salary) to 1,730,000 AMD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 1,010,000 AMD per month, which means that half (50%) of people working in Executive and Management are earning less than 1,010,000 AMD while the other half are earning more than 1,010,000 AMD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Executive and Management are earning less than 609,000 AMD while 75% of them are earning more than 609,000 AMD. Also from the diagram, 75% of people working in Executive and Management are earning less than 1,310,000 AMD while 25% are earning more than 1,310,000 AMD.

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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

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 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.

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.

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.

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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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 degrees levels across many jobs, below are our findings.

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.

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 cerificate 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 Armenia costs anywhere from 3,880,000 Armenian Dram(s) to 11,600,000 Armenian Dram(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you 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 into 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 your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Executive and Management Salary Comparison By Gender

Salary comparison by gender monthly Armenia Executive and Management
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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? Male employees in Armenia who work in Executive and Management earn 9% more than their female counterparts on average.

1,100,000 AMD
1,010,000 AMD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Armenia for all Careers

Salary comparison by gender monthly Armenia
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Executive and Management Average Annual Salary Increment Percentage in Armenia

How much are annual salary increments in Armenia for Executive and Management professionals? How often do employees get salary raises?

Executive and Management

Executive and Management professionals in Armenia are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Armenia 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.

Armenia / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Armenia is 2%.

Annual Increment Rate By Industry 2021

Information Technology

Listed above are the average annual increase rates for each industry in Armenia for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Executive and Management Bonus and Incentive Rates in Armenia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Armenia Executive and Management
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Executive and Management is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

42% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 58% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Executive and Management Hourly Average Wage in Armenia

6,050 AMD per hour

The average hourly wage (pay per hour) in Armenia is 6,050 AMD. This means that the average person in Armenia earns approximately 6,050 AMD for every worked hour.

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

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 fix 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.

Executive and Management VS Other Jobs

Salary Comparison Between Executive and Management and Executive and Management monthly Armenia
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The average salary for Executive and Management is 35% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Yerevan1,340,000 AMD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Armenia earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
698,000 AMD
Public Sector+18%
822,000 AMD
Percentage increase and decrease are relative to the previous value

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