Chief Executive Officer Average Salary in Morocco 2023
How much money does a person working as Chief Executive Officer make in Morocco?
LOW
20,500
MAD AVERAGE
41,900
MAD HIGH
65,400
MAD
A person working as Chief Executive Officer in Morocco typically earns around 41,900 MAD per month. Salaries range from 20,500 MAD (lowest) to 65,400 MAD (highest).
This is the average monthly salary including housing, transport, and other benefits. Chief Executive Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Executive Officer Pay Scale and Salaries in Morocco
Salary Structure and Pay Scale Comparison
38,900 MAD or more
34,300 to 38,900 MAD
24,400 MAD or less
24,400 to 34,300 MAD
 20,500 MAD |
39,100 MAD |
65,400 MAD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Chief Executive Officer salaries in Morocco range from 20,500 MAD per month (starting salary) to 65,400 MAD per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 39,100 MAD per month, which means that half (50%) of people working as Chief Executive Officer(s) are earning less than 39,100 MAD while the other half are earning more than 39,100 MAD. 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 and Salary Scale
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Chief Executive Officer(s) are earning less than 32,000 MAD while 75% of them are earning more than 32,000 MAD. Also from the diagram, 75% of Chief Executive Officer(s) are earning less than 44,700 MAD while 25% are earning more than 44,700 MAD.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 24,400 MAD to 34,300 MAD. Approximatly 20% fall under the 24,400 MAD cap. Ten percent of wages are from 34,300 MAD to 38,900 MAD. Only 5% of people grossed 38,900 MAD or more.
Chief Executive Officer Salary Comparison by Years of Experience
How does experience and age affect your pay?
Chief Executive Officer average salary change by experience in Morocco
| 0 - 2 Years | 24,400 MAD | |
| 2 - 5 Years | +29% | 31,300 MAD |
| 5 - 10 Years | +38% | 43,200 MAD |
| 10 - 15 Years | +24% | 53,500 MAD |
| 15 - 20 Years | +7% | 57,300 MAD |
| 20+ Years | +7% | 61,200 MAD |
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Chief Executive Officer salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 24,400 MAD per month.
While someone with an experience level between two and five years is expected to earn 31,300 MAD per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 43,200 MAD per month, 38% more than someone with two to five years of experience.
Additionally, Chief Executive Officer whose expertise span anywhere between ten and fifteen years get a salary equivalent to 53,500 MAD per month, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 57,300 MAD per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 61,200 MAD per month, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Chief Executive Officer Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Chief Executive Officer(s) who have the same experience but different education levels.
Chief Executive Officer average salary difference by education level in Morocco
| High School | 23,700 MAD | |
| Certificate or Diploma | +19% | 28,200 MAD |
| Bachelor's Degree | +27% | 35,800 MAD |
| Master's Degree | +53% | 54,600 MAD |
| PhD | +19% | 65,000 MAD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Chief Executive Officer salaries by education level in order to make a comparison.
When the education level is High School, the average salary is 23,700 MAD per month.
While someone with a Certificate or Diploma gets a salary of 28,200 MAD per month, 19% more than someone having a High School degree.
People with Bachelor's Degree have an average salary of 35,800 MAD per month, 27% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 54,600 MAD per month, 53% more than someone with Bachelor's Degree.
PhD holders are compensated with wage equivelant to 65,000 MAD per month, 19% more than someone with Master's Degree.
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 Morocco costs anywhere from 97,100 Moroccan Dirham(s) to 291,000 Moroccan Dirham(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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender - Chief Executive Officer
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Chief Executive Officer employees in Morocco earn 12% more than their female counterparts on average.
| Male | 43,800 MAD | |
| Female | -11% | 39,100 MAD |
Salary Comparison By Gender in Morocco for all Careers
Chief Executive Officer Average Annual Salary Increment Percentage in Morocco
How much are annual salary increments in Morocco for Chief Executive Officer(s)? How often do employees get salary raises?
Chief Executive Officer
Chief Executive Officer(s) in Morocco are likely to observe a salary increase of approximately 15% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Morocco / 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
Annual Increment Rate By Industry 2022
| Banking | 2% | |
| Energy | 4% | |
| Information Technology | 6% | |
| Healthcare | 8% | |
| Travel | 1% | |
| Construction | 3% | |
| Education | 5% |
Listed above are the average annual increase rates for each industry in Morocco for the year 2022. 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
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.
Chief Executive Officer Bonus and Incentive Rates in Morocco
How much and how often are bonuses being awarded?
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"Chief Executive Officer" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 83% | |
| No Bonus | 17% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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.
Chief Executive Officer Salary Trend and Forecast in Morocco
How are Chief Executive Officer salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 37,200 MAD | |
| Average Salary 2020 | +4% | 38,600 MAD |
| Average Salary 2021 | +3% | 39,700 MAD |
| Average Salary 2022 | +2% | 40,400 MAD |
Chief Executive Officer salaries in Morocco are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 2% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Chief Executive Officer Average Hourly Wage in Morocco
240 MAD per hourThe average hourly wage (pay per hour) in Morocco is 240 MAD. This means that the average Chief Executive Officer in Morocco earns approximately 240 MAD for every worked hour.
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 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for 'Chief Executive Officer' in Morocco is 120 MAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Chief Executive Officer VS Other Jobs
The average salary for Chief Executive Officer is 60% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Account Coordinator | 18,900 MAD |  -55% |
| Administration Manager | 21,900 MAD | -48% |
| Area Manager | 21,100 MAD | -50% |
| Asset Protection Associate | 22,700 MAD | -46% |
| Assistant Director | 21,800 MAD | -48% |
| Assistant Manager | 24,600 MAD | -41% |
| Assistant Operations Manager | 26,000 MAD | -38% |
| Assistant Project Manager | 22,300 MAD | -47% |
| Assistant Section Head | 18,400 MAD | -56% |
| Assistant to CEO | 20,400 MAD | -51% |
| Assistant Vice President | 23,300 MAD | -44% |
| Associate Director | 23,400 MAD | -44% |
| Bid Manager | 27,000 MAD | -36% |
| Branch Manager | 25,300 MAD | -40% |
| Business Development Manager | 27,800 MAD | -34% |
| Business Operations Associate | 22,300 MAD | -47% |
| Business Operations Lead | 24,100 MAD | -43% |
| Campaign Manager | 25,300 MAD | -40% |
| Chairman of The Board | 41,800 MAD | -0% |
| Chairman Office Manager | 28,700 MAD | -32% |
| Chief Corporate Officer | 36,700 MAD | -12% |
| Chief Executive Officer | 41,900 MAD | -0% |
| Chief Financial Officer | 41,100 MAD | -2% |
| Chief of Staff | 20,800 MAD | -50% |
| Chief Operating Officer | 33,000 MAD | -21% |
| Chief Risk Officer | 27,400 MAD | -35% |
| Client Services Manager | 27,700 MAD | -34% |
| Commercial Project Manager | 22,900 MAD | -45% |
| Commodity Broker | 17,700 MAD | -58% |
| Corporate Affairs Executive | 26,000 MAD | -38% |
| Corporate Compliance Director | 27,000 MAD | -36% |
| Corporate Director | 29,800 MAD | -29% |
| Corporate Officer | 20,300 MAD | -52% |
| Corporate Partnerships Officer | 20,000 MAD | -52% |
| Country Manager | 33,400 MAD | -20% |
| Deputy Director | 32,200 MAD | -23% |
| Director | 33,800 MAD | -19% |
| Director of Accreditation | 28,600 MAD | -32% |
| Director of Catering Services | 26,900 MAD | -36% |
| Director of Client Services | 26,700 MAD | -36% |
| Director of Facilities Management | 23,400 MAD | -44% |
| Director of Operations | 28,600 MAD | -32% |
| Director of Process Simplification | 22,600 MAD | -46% |
| Director of Project Management | 31,000 MAD | -26% |
| Director of Revenue Management | 27,500 MAD | -34% |
| Director of Training and Development | 27,200 MAD | -35% |
| Distribution Manager | 30,400 MAD | -28% |
| Division Manager | 25,200 MAD | -40% |
| Duty Manager | 25,800 MAD | -38% |
| Engagement Manager | 31,500 MAD | -25% |
| Executive Director | 41,500 MAD | -1% |
| Executive Manager | 35,000 MAD | -17% |
| Franchise Manager | 36,100 MAD | -14% |
| General Manager | 34,400 MAD | -18% |
| Global Master Data Manager | 29,500 MAD | -30% |
| Head of Middle Office | 27,600 MAD | -34% |
| Head of Projects | 29,800 MAD | -29% |
| Head of Sustainability | 24,700 MAD | -41% |
| Housing Manager | 24,300 MAD | -42% |
| HSE Manager | 23,300 MAD | -44% |
| Key Account Manager | 23,200 MAD | -45% |
| Knowledge Manager | 27,200 MAD | -35% |
| Location Manager | 26,400 MAD | -37% |
| Logistics Manager | 23,000 MAD | -45% |
| Management Consultant | 22,100 MAD | -47% |
| Management Executive | 31,100 MAD | -26% |
| Manager | 28,000 MAD | -33% |
| Managing Director | 35,100 MAD | -16% |
| MIS Executive | 27,600 MAD | -34% |
| Ocean Services Manager | 29,400 MAD | -30% |
| Operations Assistant | 20,900 MAD | -50% |
| Operations Director | 33,000 MAD | -21% |
| Operations Executive | 32,700 MAD | -22% |
| Operations Manager | 32,700 MAD | -22% |
| Operations Supervisor | 26,800 MAD | -36% |
| Policy Administration Executive | 23,700 MAD | -43% |
| Private Sector Executive | 26,300 MAD | -37% |
| Product Development Manager | 30,200 MAD | -28% |
| Product Executive | 25,800 MAD | -38% |
| Production Executive | 29,200 MAD | -30% |
| Production Manager | 28,400 MAD | -32% |
| Production Supervisor | 24,800 MAD | -41% |
| Program Manager | 29,100 MAD | -31% |
| Programme Coordinator | 20,100 MAD | -52% |
| Project Control Manager | 30,800 MAD | -27% |
| Project Coordinator | 17,100 MAD | -59% |
| Project Management Officer | 21,000 MAD | -50% |
| Project Manager | 22,800 MAD | -46% |
| Project Portfolio Manager | 22,500 MAD | -46% |
| Quality Manager | 23,300 MAD | -44% |
| R/D Director | 25,000 MAD | -40% |
| Regional Director | 41,400 MAD | -1% |
| Regional Manager | 31,200 MAD | -26% |
| Relationship Manager | 28,300 MAD | -33% |
| Retail District Manager | 21,400 MAD | -49% |
| Revenue Manager | 21,900 MAD | -48% |
| Risk and Capital Manager | 32,300 MAD | -23% |
| Risk Officer | 22,600 MAD | -46% |
| Safety Manager | 21,800 MAD | -48% |
| Section Head | 21,600 MAD | -48% |
| Service Manager | 22,900 MAD | -45% |
| Shift Supervisor | 18,600 MAD | -56% |
| Solutions Manager | 20,100 MAD | -52% |
| Supervisor | 18,400 MAD | -56% |
| Supply Chain Manager | 31,200 MAD | -26% |
| Surveyor | 19,900 MAD | -53% |
| Technical Manager | 28,100 MAD | -33% |
| Territory Manager | 28,800 MAD | -31% |
| Validation Manager | 24,800 MAD | -41% |
| Vice President | 34,200 MAD | -18% |
| Zone Manager | 30,900 MAD | -26% |
Salary Comparison By City
| City | Average Salary |
| Agadir | 39,600 MAD |
| Casablanca | 47,000 MAD |
| Marrakech | 45,100 MAD |
| Rabat | 40,900 MAD |
| Tangier | 47,300 MAD |
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 Morocco earn 8% more than their private sector counterparts on average across all sectors.
| Private Sector | 18,500 MAD | |
| Public Sector | +8% | 20,100 MAD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for Chief Executive Officer in Morocco?
A good and competitive compensation would range anywhere between 39,100 MAD and 44,700 MAD. This is a very rough estimate and your experience and education will play a very huge part into your 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 salart after tax for every career.
Base / Basic Salary
The base salary for Chief Executive Officer in Morocco is ranges from 32,000 MAD to 44,700 MAD. 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 in 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 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
