A person working as a Chief Executive Officer in Sri Lanka typically earns around 264,000 LKR per month. Salaries range from 122,000 LKR (lowest) to 420,000 LKR (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 salaries in Sri Lanka range from 122,000 LKR per month (minimum salary) to 420,000 LKR per month (maximum salary).
The median salary is 285,000 LKR per month, which means that half (50%) of people working as Chief Executive Officer(s) are earning less than 285,000 LKR while the other half are earning more than 285,000 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.
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 183,000 LKR while 75% of them are earning more than 183,000 LKR. Also from the diagram, 75% of Chief Executive Officer(s) are earning less than 381,000 LKR while 25% are earning more than 381,000 LKR.
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
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.
A Chief Executive Officer with less than two years of experience makes approximately 138,000 LKR per month.
While someone with an experience level between two and five years is expected to earn 184,000 LKR per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 272,000 LKR per month, 48% more than someone with two to five years of experience.
Additionally, Chief Executive Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 332,000 LKR per month, 22% 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 362,000 LKR per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 392,000 LKR per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 of a Chief Executive Officer is 125,000 LKR per month.
While someone with a Certificate or Diploma gets a salary of 154,000 LKR per month, 24% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 214,000 LKR per month, 39% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 348,000 LKR per month, 63% more than someone with Bachelor's Degree.
PhD holders are compensated with wage equivelant to 417,000 LKR per month, 20% more than someone with Master's Degree.
|Certificate or Diploma||+24%|
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 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.
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 Sri Lanka earn 26% more than their female counterparts.
Chief Executive Officer(s) in Sri Lanka 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.
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.
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
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.
A Chief Executive Officer is considered to be a high bonus-based job 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.
15% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 85% 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.
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.
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.
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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector Chief Executive Officer employees in Sri Lanka earn 8% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Chief Executive Officer salaries in Sri Lanka are on the rise 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.
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.
The average salary for Chief Executive Officer is 69% more than that of Executive and Management. Also, Executive and Management salaries are 36% more than those of All Jobs.
|Job Title||Average Salary|
|Account Coordinator||112,000 LKR||-58%|
|Administration Manager||140,000 LKR||-47%|
|Area Manager||126,000 LKR||-52%|
|Asset Protection Associate||144,000 LKR||-46%|
|Assistant Director||133,000 LKR||-50%|
|Assistant Manager||151,000 LKR||-43%|
|Assistant Operations Manager||152,000 LKR||-42%|
|Assistant Project Manager||142,000 LKR||-46%|
|Assistant Section Head||119,000 LKR||-55%|
|Assistant to CEO||127,000 LKR||-52%|
|Assistant Vice President||147,000 LKR||-44%|
|Associate Director||139,000 LKR||-47%|
|Bid Manager||152,000 LKR||-42%|
|Branch Manager||151,000 LKR||-43%|
|Business Development Manager||171,000 LKR||-35%|
|Business Operations Associate||136,000 LKR||-49%|
|Business Operations Lead||141,000 LKR||-47%|
|Campaign Manager||161,000 LKR||-39%|
|Chairman of The Board||251,000 LKR||-5%|
|Chairman Office Manager||165,000 LKR||-38%|
|Chief Corporate Officer||216,000 LKR||-18%|
|Chief Executive Officer||264,000 LKR||-0%|
|Chief Financial Officer||239,000 LKR||-10%|
|Chief of Staff||128,000 LKR||-52%|
|Chief Operating Officer||187,000 LKR||-29%|
|Chief Risk Officer||177,000 LKR||-33%|
|Client Services Manager||166,000 LKR||-37%|
|Commercial Project Manager||151,000 LKR||-43%|
|Commodity Broker||115,000 LKR||-56%|
|Corporate Affairs Executive||167,000 LKR||-37%|
|Corporate Compliance Director||173,000 LKR||-35%|
|Corporate Director||183,000 LKR||-31%|
|Corporate Officer||125,000 LKR||-53%|
|Corporate Partnerships Officer||123,000 LKR||-53%|
|Country Manager||201,000 LKR||-24%|
|Deputy Director||189,000 LKR||-28%|
|Director of Accreditation||178,000 LKR||-33%|
|Director of Catering Services||161,000 LKR||-39%|
|Director of Client Services||178,000 LKR||-33%|
|Director of Facilities Management||148,000 LKR||-44%|
|Director of Operations||178,000 LKR||-33%|
|Director of Process Simplification||134,000 LKR||-49%|
|Director of Project Management||181,000 LKR||-32%|
|Director of Revenue Management||158,000 LKR||-40%|
|Director of Training and Development||175,000 LKR||-34%|
|Distribution Manager||188,000 LKR||-29%|
|Division Manager||157,000 LKR||-41%|
|Duty Manager||148,000 LKR||-44%|
|Engagement Manager||190,000 LKR||-28%|
|Executive Director||271,000 LKR||+3%|
|Executive Manager||208,000 LKR||-21%|
|Franchise Manager||219,000 LKR||-17%|
|General Manager||216,000 LKR||-18%|
|Global Master Data Manager||190,000 LKR||-28%|
|Head of Middle Office||167,000 LKR||-37%|
|Head of Projects||174,000 LKR||-34%|
|Head of Sustainability||149,000 LKR||-44%|
|Housing Manager||136,000 LKR||-49%|
|HSE Manager||151,000 LKR||-43%|
|Key Account Manager||155,000 LKR||-41%|
|Knowledge Manager||166,000 LKR||-37%|
|Location Manager||162,000 LKR||-39%|
|Logistics Manager||142,000 LKR||-46%|
|Management Consultant||147,000 LKR||-44%|
|Management Executive||183,000 LKR||-31%|
|Managing Director||223,000 LKR||-16%|
|MIS Executive||178,000 LKR||-33%|
|Ocean Services Manager||191,000 LKR||-28%|
|Operations Assistant||130,000 LKR||-51%|
|Operations Director||196,000 LKR||-26%|
|Operations Executive||195,000 LKR||-26%|
|Operations Manager||198,000 LKR||-25%|
|Operations Supervisor||166,000 LKR||-37%|
|Policy Administration Executive||150,000 LKR||-43%|
|Private Sector Executive||154,000 LKR||-42%|
|Product Development Manager||180,000 LKR||-32%|
|Product Executive||162,000 LKR||-39%|
|Production Executive||171,000 LKR||-35%|
|Production Manager||176,000 LKR||-33%|
|Production Supervisor||158,000 LKR||-40%|
|Program Manager||184,000 LKR||-30%|
|Programme Coordinator||132,000 LKR||-50%|
|Project Control Manager||192,000 LKR||-27%|
|Project Coordinator||110,000 LKR||-58%|
|Project Management Officer||124,000 LKR||-53%|
|Project Manager||128,000 LKR||-52%|
|Project Portfolio Manager||140,000 LKR||-47%|
|Quality Manager||138,000 LKR||-48%|
|R/D Director||156,000 LKR||-41%|
|Regional Director||236,000 LKR||-11%|
|Regional Manager||177,000 LKR||-33%|
|Relationship Manager||171,000 LKR||-35%|
|Retail District Manager||127,000 LKR||-52%|
|Revenue Manager||141,000 LKR||-47%|
|Risk and Capital Manager||206,000 LKR||-22%|
|Risk Officer||138,000 LKR||-48%|
|Safety Manager||140,000 LKR||-47%|
|Section Head||134,000 LKR||-49%|
|Service Manager||145,000 LKR||-45%|
|Shift Supervisor||106,000 LKR||-60%|
|Solutions Manager||123,000 LKR||-53%|
|Supply Chain Manager||186,000 LKR||-30%|
|Technical Manager||178,000 LKR||-33%|
|Territory Manager||168,000 LKR||-36%|
|Validation Manager||151,000 LKR||-43%|
|Vice President||210,000 LKR||-21%|
|Zone Manager||182,000 LKR||-31%|