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Executive and Management Average Salaries in Sri Lanka 2020

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


Average Monthly Salary
157,000 LKR
( 1,880,000 LKR yearly)

LOW
78,100
LKR
AVERAGE
157,000
LKR
HIGH
256,000
LKR

A person working in Executive and Management in Sri Lanka typically earns around 157,000 LKR per month. Salaries range from 78,100 LKR (lowest average) to 256,000 LKR (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 Coordinator112,000 LKR
Administration Manager140,000 LKR
Area Manager126,000 LKR
Asset Protection Associate144,000 LKR
Assistant Director133,000 LKR
Assistant Manager151,000 LKR
Assistant Operations Manager152,000 LKR
Assistant Project Manager142,000 LKR
Assistant Section Head119,000 LKR
Assistant to CEO127,000 LKR
Assistant Vice President147,000 LKR
Associate Director139,000 LKR
Bid Manager152,000 LKR
Branch Manager151,000 LKR
Business Development Manager171,000 LKR
Business Operations Associate136,000 LKR
Business Operations Lead141,000 LKR
Campaign Manager161,000 LKR
Chairman of The Board251,000 LKR
Chairman Office Manager165,000 LKR
Chief Corporate Officer216,000 LKR
Chief Executive Officer264,000 LKR
Chief Financial Officer239,000 LKR
Chief of Staff128,000 LKR
Chief Operating Officer187,000 LKR
Chief Risk Officer177,000 LKR
Client Services Manager166,000 LKR
Commercial Project Manager151,000 LKR
Commodity Broker115,000 LKR
Corporate Affairs Executive167,000 LKR
Corporate Compliance Director173,000 LKR
Corporate Director183,000 LKR
Corporate Officer125,000 LKR
Corporate Partnerships Officer123,000 LKR
Country Manager201,000 LKR
Deputy Director189,000 LKR
Director198,000 LKR
Director of Accreditation178,000 LKR
Director of Catering Services161,000 LKR
Director of Client Services178,000 LKR
Director of Facilities Management148,000 LKR
Director of Operations178,000 LKR
Director of Process Simplification134,000 LKR
Director of Project Management181,000 LKR
Director of Revenue Management158,000 LKR
Director of Training and Development175,000 LKR
Distribution Manager188,000 LKR
Division Manager157,000 LKR
Duty Manager148,000 LKR
Engagement Manager190,000 LKR
Executive Director271,000 LKR
Executive Manager208,000 LKR
Franchise Manager219,000 LKR
General Manager216,000 LKR
Global Master Data Manager190,000 LKR
Head of Middle Office167,000 LKR
Head of Projects174,000 LKR
Head of Sustainability149,000 LKR
Housing Manager136,000 LKR
HSE Manager151,000 LKR
Key Account Manager155,000 LKR
Knowledge Manager166,000 LKR
Location Manager162,000 LKR
Logistics Manager142,000 LKR
Management Consultant147,000 LKR
Management Executive183,000 LKR
Manager176,000 LKR
Managing Director223,000 LKR
MIS Executive178,000 LKR
Ocean Services Manager191,000 LKR
Operations Assistant130,000 LKR
Operations Director196,000 LKR
Operations Executive195,000 LKR
Operations Manager198,000 LKR
Operations Supervisor166,000 LKR
Policy Administration Executive150,000 LKR
Private Sector Executive154,000 LKR
Product Development Manager180,000 LKR
Product Executive162,000 LKR
Production Executive171,000 LKR
Production Manager176,000 LKR
Production Supervisor158,000 LKR
Program Manager184,000 LKR
Programme Coordinator132,000 LKR
Project Control Manager192,000 LKR
Project Coordinator110,000 LKR
Project Management Officer124,000 LKR
Project Manager128,000 LKR
Project Portfolio Manager140,000 LKR
Quality Manager138,000 LKR
R/D Director156,000 LKR
Regional Director236,000 LKR
Regional Manager177,000 LKR
Relationship Manager171,000 LKR
Retail District Manager127,000 LKR
Revenue Manager141,000 LKR
Risk and Capital Manager206,000 LKR
Risk Officer138,000 LKR
Safety Manager140,000 LKR
Section Head134,000 LKR
Service Manager145,000 LKR
Shift Supervisor106,000 LKR
Solutions Manager123,000 LKR
Supervisor107,000 LKR
Supply Chain Manager186,000 LKR
Surveyor127,000 LKR
Technical Manager178,000 LKR
Territory Manager168,000 LKR
Validation Manager151,000 LKR
Vice President210,000 LKR
Zone Manager182,000 LKR

Executive and Management Jobs Salary Distribution in Sri Lanka

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

  • Salary Range

    Executive and Management salaries in Sri Lanka range from 78,100 LKR per month (minimum average salary) to 256,000 LKR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 169,000 LKR per month, which means that half (50%) of people working in Executive and Management are earning less than 169,000 LKR while the other half are earning more than 169,000 LKR. 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 111,000 LKR while 75% of them are earning more than 111,000 LKR. Also from the diagram, 75% of people working in Executive and Management are earning less than 229,000 LKR while 25% are earning more than 229,000 LKR.


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 Sri Lanka costs anywhere from 577,000 Sri Lanka Rupee(s) to 1,730,000 Sri Lanka Rupee(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 Sri Lanka 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 earn 26% more than their female counterparts.

Female
138,000 LKR
Male+26%
175,000 LKR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Sri Lanka for all Careers

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

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

Executive and Management

Executive and Management professionals in Sri Lanka are likely to observe a salary increase of approximately 12% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Sri Lanka 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.

Sri Lanka / All Professions

Annual Salary Increment Rate Sri Lanka
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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 Sri Lanka is 6%.

Annual Increment Rate By Industry 2019

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Sri Lanka 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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Executive and Management Bonus and Incentive Rates in Sri Lanka

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sri Lanka 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.

20% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 80% 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
80%
No Bonus
20%

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 Sri Lanka
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Where can you get paid more, working for a private company or for the government? Public sector employees in Sri Lanka earn 8% more than their private sector counterparts.

Private Sector
111,000 LKR
Public Sector+8%
119,000 LKR
Percentage increase and decrease are relative to the previous value

Executive and Management Salary Forecast and Trend in Sri Lanka

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

Salary trends and forecast monthly Sri Lanka Executive and Management
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Average Salary 2016
135,000 LKR
Average Salary 2017+4%
141,000 LKR
Average Salary 2018+4%
146,000 LKR
Average Salary 2019+4%
151,000 LKR
Percentage increase and decrease are relative to the previous value

Executive and Management salaries in Sri Lanka 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.

Executive and Management Hourly Average Wage in Sri Lanka


900 LKR per hour

The average hourly wage (pay per hour) in Sri Lanka is 900 LKR. This means that the average person in Sri Lanka earns approximately 900 LKR 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 Sri Lanka
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The average salary for Executive and Management is 36% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Colombo186,000 LKR
143191 - 58

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