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Business Planning Average Salaries in Bangladesh 2020

How much money does a person working in Business Planning make in Bangladesh?


Average Monthly Salary
65,200 BDT
( 782,000 BDT yearly)

LOW
43,900
BDT
AVERAGE
65,200
BDT
HIGH
103,000
BDT

A person working in Business Planning in Bangladesh typically earns around 65,200 BDT per month. Salaries range from 43,900 BDT (lowest average) to 103,000 BDT (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Business Planning 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
Assistant Business Development Manager61,200 BDT
Assistant Merchandise Planner62,700 BDT
Business Advisor68,700 BDT
Business Analyst70,000 BDT
Business Consultant72,700 BDT
Business Continuity Associate62,700 BDT
Business Development Associate62,800 BDT
Business Development Coordinator51,500 BDT
Business Development Manager90,500 BDT
Business Development Specialist65,500 BDT
Business Operations Specialist69,500 BDT
Business Process Writer58,500 BDT
Capacity Planner59,800 BDT
Capacity Planning Supervisor66,600 BDT
Change Communications Analyst66,000 BDT
Change Control Analyst68,700 BDT
Contracts Executive73,300 BDT
Corporate Strategy Analyst73,500 BDT
Cost Control Engineer59,500 BDT
Cost Estimator50,500 BDT
Data Executive55,300 BDT
Development Researcher54,300 BDT
Due Diligence Analyst77,200 BDT
Estimating Manager78,100 BDT
General Manager89,600 BDT
Incident Handler63,700 BDT
Incident Specialist67,100 BDT
Lean Consultant58,300 BDT
Manager99,400 BDT
Materials Planner48,300 BDT
Merchandise Controller47,000 BDT
Merchandise Planner47,600 BDT
Operations Analyst57,200 BDT
Operations Research Analyst60,400 BDT
Planning and Reporting Manager70,200 BDT
Planning Director89,800 BDT
Project Administrator62,000 BDT
Project Manager67,400 BDT
Project Planner60,700 BDT
Research Assistant60,300 BDT
Research Engineer61,300 BDT
Research Officer54,700 BDT
Risk Management Specialist65,800 BDT
Scholarship Coordinator52,600 BDT
Store Planner61,000 BDT
Strategy Director101,000 BDT
Top Research and Development Executive110,000 BDT

Business Planning Jobs Salary Distribution in Bangladesh

Median and salary distribution monthly Bangladesh Business Planning
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The median, the maximum, the minimum, and the range

  • Salary Range

    Business Planning salaries in Bangladesh range from 43,900 BDT per month (minimum average salary) to 103,000 BDT per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 70,400 BDT per month, which means that half (50%) of people working in Business Planning are earning less than 70,400 BDT while the other half are earning more than 70,400 BDT. 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 Business Planning are earning less than 51,400 BDT while 75% of them are earning more than 51,400 BDT. Also from the diagram, 75% of people working in Business Planning are earning less than 93,400 BDT while 25% are earning more than 93,400 BDT.


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 Bangladesh costs anywhere from 288,000 Taka(s) to 863,000 Taka(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.

Business Planning Salary Comparison By Gender

Salary comparison by gender monthly Bangladesh Business Planning
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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 earn 35% more than their female counterparts.

Female
55,600 BDT
Male+35%
74,800 BDT
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bangladesh for all Careers

Salary comparison by gender monthly Bangladesh
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Business Planning Average Annual Salary Increment Percentage in Bangladesh

How much are annual salary increments in Bangladesh for Business Planning professionals? How often do employees get salary raises?

Business Planning

Business Planning professionals in Bangladesh are likely to observe a salary increase of approximately 8% every 25 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bangladesh Business Planning
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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.

Bangladesh / All Professions

Annual Salary Increment Rate Bangladesh
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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 Bangladesh is 2%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Listed above are the average annual increase rates for each industry in Bangladesh for the year 2019. 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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Business Planning Bonus and Incentive Rates in Bangladesh

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bangladesh Business Planning
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Business Planning 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.

36% of surveyed staff in Business Planning reported that they haven't received any bonuses or incentives in the previous year while 64% 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
64%
No Bonus
36%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Bangladesh
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Where can you get paid more, working for a private company or for the government? Public sector employees in Bangladesh earn 25% more than their private sector counterparts.

Private Sector
51,200 BDT
Public Sector+25%
63,800 BDT
Percentage increase and decrease are relative to the previous value

Business Planning Salary Forecast and Trend in Bangladesh

How do Business Planning salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Bangladesh Business Planning
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Average Salary 2016
56,400 BDT
Average Salary 2017+4%
58,500 BDT
Average Salary 2018+4%
60,600 BDT
Average Salary 2019+4%
62,900 BDT
Percentage increase and decrease are relative to the previous value

Business Planning salaries in Bangladesh are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Business Planning Hourly Average Wage in Bangladesh


380 BDT per hour

The average hourly wage (pay per hour) in Bangladesh is 380 BDT. This means that the average person in Bangladesh earns approximately 380 BDT 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.

Business Planning VS Other Jobs

Salary Comparison Between Business Planning and Business Planning monthly Bangladesh
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The average salary for Business Planning is 13% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Barisal65,000 BDT
Bogra68,400 BDT
Chandpur59,800 BDT
Chittagong71,700 BDT
Coxs Bazar62,600 BDT
Dhaka72,900 BDT
Jamalpur61,400 BDT
Jessore64,100 BDT
Khulna69,400 BDT
Rajshahi70,900 BDT
St. Martin58,600 BDT
Sylhet67,000 BDT
50125 - 4

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