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Chief Executive Officer Average Salary in Sri Lanka 2020

How much money does a Chief Executive Officer make in Sri Lanka?

Average Monthly Salary
264,000 LKR
( 3,170,000 LKR yearly)


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 Salary Distribution in Sri Lanka

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

  • Salary Range

    Chief Executive Officer salaries in Sri Lanka range from 122,000 LKR per month (minimum salary) to 420,000 LKR per month (maximum salary).

  • Median 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.

  • Percentiles

    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.

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

Chief Executive Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Sri Lanka Chief Executive Officer
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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.

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.

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.

Chief Executive Officer average salary change by experience in Sri Lanka

0 - 2 Years
138,000 LKR
2 - 5 Years+34%
184,000 LKR
5 - 10 Years+48%
272,000 LKR
10 - 15 Years+22%
332,000 LKR
15 - 20 Years+9%
362,000 LKR
20+ Years+8%
392,000 LKR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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.

Salary comparison by education level monthly Sri Lanka Chief Executive Officer
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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.

Chief Executive Officer average salary difference by education level in Sri Lanka

High School
125,000 LKR
Certificate or Diploma+24%
154,000 LKR
Bachelor's Degree+39%
214,000 LKR
Master's Degree+63%
348,000 LKR
417,000 LKR
Percentage increase and decrease are relative to the previous value

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 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 Comparison By Education Level
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Chief Executive Officer Salary Comparison By Gender

Salary comparison by gender monthly Sri Lanka Chief Executive Officer
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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 Chief Executive Officer employees in Sri Lanka earn 26% more than their female counterparts.

234,000 LKR
295,000 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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Chief Executive Officer Average Annual Salary Increment Percentage in Sri Lanka

How much are annual salary increments in Sri Lanka for Chief Executive Officer(s)? How often do employees get salary raises?

Chief Executive Officer

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.

Annual Salary Increment Rate Sri Lanka Chief Executive Officer
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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

Information Technology

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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Chief Executive Officer Bonus and Incentive Rates in Sri Lanka

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

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.

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 Chief Executive Officer 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

Chief Executive Officer Salary Trend and Forecast in Sri Lanka

How are Chief Executive Officer salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Sri Lanka Chief Executive Officer
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Average Salary 2016
228,000 LKR
Average Salary 2017+4%
237,000 LKR
Average Salary 2018+4%
246,000 LKR
Average Salary 2019+4%
255,000 LKR
Percentage increase and decrease are relative to the previous value

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.

Chief Executive Officer Average Hourly Wage in Sri Lanka

1,520 LKR per hour

The average hourly wage (pay per hour) in Sri Lanka is 1,520 LKR. This means that the average Chief Executive Officer in Sri Lanka earns approximately 1,520 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.

Chief Executive Officer VS Other Jobs

Salary Comparison Between Chief Executive Officer and Executive and Management monthly Sri Lanka
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator112,000 LKR-58%
Administration Manager140,000 LKR-47%
Area Manager126,000 LKR-52%
Asset Protection Associate144,000 LKR-46%
Assistant Director133,000 LKR-50%
Assistant Manager151,000 LKR-43%
Assistant Operations Manager152,000 LKR-42%
Assistant Project Manager142,000 LKR-46%
Assistant Section Head119,000 LKR-55%
Assistant to CEO127,000 LKR-52%
Assistant Vice President147,000 LKR-44%
Associate Director139,000 LKR-47%
Bid Manager152,000 LKR-42%
Branch Manager151,000 LKR-43%
Business Development Manager171,000 LKR-35%
Business Operations Associate136,000 LKR-49%
Business Operations Lead141,000 LKR-47%
Campaign Manager161,000 LKR-39%
Chairman of The Board251,000 LKR-5%
Chairman Office Manager165,000 LKR-38%
Chief Corporate Officer216,000 LKR-18%
Chief Executive Officer264,000 LKR-0%
Chief Financial Officer239,000 LKR-10%
Chief of Staff128,000 LKR-52%
Chief Operating Officer187,000 LKR-29%
Chief Risk Officer177,000 LKR-33%
Client Services Manager166,000 LKR-37%
Commercial Project Manager151,000 LKR-43%
Commodity Broker115,000 LKR-56%
Corporate Affairs Executive167,000 LKR-37%
Corporate Compliance Director173,000 LKR-35%
Corporate Director183,000 LKR-31%
Corporate Officer125,000 LKR-53%
Corporate Partnerships Officer123,000 LKR-53%
Country Manager201,000 LKR-24%
Deputy Director189,000 LKR-28%
Director198,000 LKR-25%
Director of Accreditation178,000 LKR-33%
Director of Catering Services161,000 LKR-39%
Director of Client Services178,000 LKR-33%
Director of Facilities Management148,000 LKR-44%
Director of Operations178,000 LKR-33%
Director of Process Simplification134,000 LKR-49%
Director of Project Management181,000 LKR-32%
Director of Revenue Management158,000 LKR-40%
Director of Training and Development175,000 LKR-34%
Distribution Manager188,000 LKR-29%
Division Manager157,000 LKR-41%
Duty Manager148,000 LKR-44%
Engagement Manager190,000 LKR-28%
Executive Director271,000 LKR+3%
Executive Manager208,000 LKR-21%
Franchise Manager219,000 LKR-17%
General Manager216,000 LKR-18%
Global Master Data Manager190,000 LKR-28%
Head of Middle Office167,000 LKR-37%
Head of Projects174,000 LKR-34%
Head of Sustainability149,000 LKR-44%
Housing Manager136,000 LKR-49%
HSE Manager151,000 LKR-43%
Key Account Manager155,000 LKR-41%
Knowledge Manager166,000 LKR-37%
Location Manager162,000 LKR-39%
Logistics Manager142,000 LKR-46%
Management Consultant147,000 LKR-44%
Management Executive183,000 LKR-31%
Manager176,000 LKR-33%
Managing Director223,000 LKR-16%
MIS Executive178,000 LKR-33%
Ocean Services Manager191,000 LKR-28%
Operations Assistant130,000 LKR-51%
Operations Director196,000 LKR-26%
Operations Executive195,000 LKR-26%
Operations Manager198,000 LKR-25%
Operations Supervisor166,000 LKR-37%
Policy Administration Executive150,000 LKR-43%
Private Sector Executive154,000 LKR-42%
Product Development Manager180,000 LKR-32%
Product Executive162,000 LKR-39%
Production Executive171,000 LKR-35%
Production Manager176,000 LKR-33%
Production Supervisor158,000 LKR-40%
Program Manager184,000 LKR-30%
Programme Coordinator132,000 LKR-50%
Project Control Manager192,000 LKR-27%
Project Coordinator110,000 LKR-58%
Project Management Officer124,000 LKR-53%
Project Manager128,000 LKR-52%
Project Portfolio Manager140,000 LKR-47%
Quality Manager138,000 LKR-48%
R/D Director156,000 LKR-41%
Regional Director236,000 LKR-11%
Regional Manager177,000 LKR-33%
Relationship Manager171,000 LKR-35%
Retail District Manager127,000 LKR-52%
Revenue Manager141,000 LKR-47%
Risk and Capital Manager206,000 LKR-22%
Risk Officer138,000 LKR-48%
Safety Manager140,000 LKR-47%
Section Head134,000 LKR-49%
Service Manager145,000 LKR-45%
Shift Supervisor106,000 LKR-60%
Solutions Manager123,000 LKR-53%
Supervisor107,000 LKR-60%
Supply Chain Manager186,000 LKR-30%
Surveyor127,000 LKR-52%
Technical Manager178,000 LKR-33%
Territory Manager168,000 LKR-36%
Validation Manager151,000 LKR-43%
Vice President210,000 LKR-21%
Zone Manager182,000 LKR-31%

Salary Comparison By City

CityAverage Salary
Colombo307,000 LKR
250000 - 1

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