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Vice President Average Salary in Sri Lanka 2024

How much money does a person working as Vice President make in Sri Lanka?


Average Monthly Salary
165,000 LKR
( 1,980,000 LKR yearly)

LOW
80,700
LKR
AVERAGE
165,000
LKR
HIGH
257,000
LKR
All salary figures displayed here are per month except when noted otherwise.
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 salary after tax for every career.

A person working as Vice President in Sri Lanka typically earns around 165,000 LKR. Salaries range from 80,700 LKR (lowest) to 257,000 LKR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Vice President salaries in Sri Lanka vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Vice President Pay Scale and Salaries in Sri Lanka

Median and salary distribution Sri Lanka Vice President monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
153,000 LKR or more
10% of people earn
135,000 to 153,000 LKR
20% of people earn
95,800 LKR or less
65% of people earn
95,800 to 135,000 LKR
Minimum Salary
80,700 LKR
Median
154,000 LKR
Maximum
257,000 LKR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Vice President in Sri Lanka range from 80,700 LKR (starting salary) to 257,000 LKR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 154,000 LKR, half of the professionals who work as Vice President in Sri Lanka earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Vice President in Sri Lanka earn less than 126,000 LKR, while 75% earn more. Similarly, the chart shows that 75% earn less than 176,000 LKR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Vice President in Sri Lanka compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 95,800 LKR to 135,000 LKR. About 20% of salaries are below the 95,800 LKR mark, while 10% fall within the range of 135,000 LKR to 153,000 LKR. Only 5% of individuals have salaries exceeding 153,000 LKR.

Salary Comparison by Years of Experience / Vice President / Sri Lanka

How do experience and age affect pay?

0 - 2 Years
95,700 LKR
2 - 5 Years+29%
123,000 LKR
5 - 10 Years+38%
170,000 LKR
10 - 15 Years+24%
210,000 LKR
15 - 20 Years+7%
225,000 LKR
20+ Years+7%
240,000 LKR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Sri Lanka Vice President
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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. We broke down salaries by experience level for people working as Vice President and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 95,700 LKR.

While someone with an experience level between two and five years is expected to earn 123,000 LKR, 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 170,000 LKR, 38% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 210,000 LKR, 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 225,000 LKR, 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 240,000 LKR, 7% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Vice President / Sri Lanka

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Vice President.

High School
120,000 LKR
Certificate or Diploma+15%
137,000 LKR
Bachelor's Degree+35%
185,000 LKR
Master's Degree+26%
232,000 LKR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Sri Lanka Vice President
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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 salaries by education level for the position Vice President in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 120,000 LKR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 137,000 LKR, 15% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 185,000 LKR, 35% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 232,000 LKR, 26% more than the previous level.



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 450,000 LKR to 1,350,000 LKR 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / Vice President / Sri Lanka

Salary comparison by gender Sri Lanka Vice President monthly
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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? For the people who work as Vice President in Sri Lanka, the average difference between the salary of male and female employees is 10%.

Male
171,000 LKR
Female-9%
155,000 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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Average Annual Salary Increment Percentage / Vice President / Sri Lanka

How much are annual salary increments in Sri Lanka for individuals working as Vice President? How often do employees get salary raises?

Individuals working as Vice President in Sri Lanka are likely to observe a salary increase of approximately 14% 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 Vice President
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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 rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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.



Bonus and Incentive Rates / Vice President / Sri Lanka

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sri Lanka Vice President
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19% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 81% 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
81%
No Bonus
19%

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.

Average Hourly Wage / Vice President / Sri Lanka


950 LKR per hour

The average hourly wage (pay per hour) for individuals working as Vice President in Sri Lanka is 950 LKR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 fixed 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 people working as Vice President in Sri Lanka is 470 LKR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Executive and Management-100%
Account Coordinator88,000 LKR-47%
Account Director102,000 LKR-38%
Account Executive109,000 LKR-34%
Account Manager100,000 LKR-39%
Administration Manager109,000 LKR-34%
Administration Officer58,600 LKR-64%
Administration Supervisor83,100 LKR-50%
Administrative Clerk41,900 LKR-75%
Administrative Officer40,100 LKR-76%
Area Director94,700 LKR-43%
Area Manager99,000 LKR-40%
Asset Protection Associate113,000 LKR-31%
Assistant Director104,000 LKR-37%
Assistant General Manager109,000 LKR-34%
Assistant Manager118,000 LKR-28%
Assistant Managing Director129,000 LKR-22%
Assistant Operations Manager119,000 LKR-28%
Assistant Project Manager112,000 LKR-32%
Assistant Section Head93,400 LKR-43%
Assistant to CEO99,300 LKR-40%
Assistant Vice President115,000 LKR-30%
Associate Account Director105,000 LKR-36%
Associate Director109,000 LKR-34%
Bid Manager119,000 LKR-28%
Branch Manager118,000 LKR-28%
Business Development Manager134,000 LKR-19%
Business Operations Associate106,000 LKR-36%
Business Operations Lead110,000 LKR-33%
Campaign Manager126,000 LKR-24%
Catering Coordinator67,900 LKR-59%
Catering Manager104,000 LKR-37%
CEO216,000 LKR+31%
Chairman of The Board196,000 LKR+19%
Chairman Office Manager130,000 LKR-21%
Chief Commercial Officer151,000 LKR-8%
Chief Corporate Officer170,000 LKR+3%
Chief Digital Officer146,000 LKR-11%
Chief Digital Strategy Officer149,000 LKR-10%
Chief Digital Transformation Officer140,000 LKR-15%
Chief Ethics Officer128,000 LKR-22%
Chief Executive Officer207,000 LKR+26%
Chief Financial Officer188,000 LKR+14%
Chief Investment Officer160,000 LKR-3%
Chief of Staff101,000 LKR-39%
Chief Operating Officer156,000 LKR-5%
Chief Privacy Officer128,000 LKR-22%
Chief Resilience Officer149,000 LKR-10%
Chief Risk Officer138,000 LKR-16%
Chief Strategy Officer168,000 LKR+2%
Chief Trust and Safety Officer130,000 LKR-21%
Client Account Manager120,000 LKR-27%
Client Accounts Officer102,000 LKR-38%
Client Services Manager130,000 LKR-21%
Commercial Director149,000 LKR-10%
Commercial Manager123,000 LKR-25%
Commercial Project Manager118,000 LKR-28%
Commodity Broker89,800 LKR-45%
COO163,000 LKR-1%
Corporate Affairs Executive131,000 LKR-20%
Corporate Compliance Director136,000 LKR-17%
Corporate Director143,000 LKR-13%
Corporate Officer97,800 LKR-41%
Corporate Partnerships Officer96,400 LKR-41%
Country Manager157,000 LKR-5%
Department Head130,000 LKR-21%
Department Manager131,000 LKR-20%
Department Supervisor113,000 LKR-31%
Deputy Director148,000 LKR-10%
Deputy Manager142,000 LKR-14%
Director155,000 LKR-6%
Director of Accreditation140,000 LKR-15%
Director of Catering Services126,000 LKR-24%
Director of Client Services139,000 LKR-16%
Director of Facilities Management116,000 LKR-30%
Director of Operations140,000 LKR-15%
Director of Process Simplification105,000 LKR-36%
Director of Product Management135,000 LKR-18%
Director of Project Management142,000 LKR-14%
Director of Revenue Management124,000 LKR-25%
Director of Training and Development137,000 LKR-17%
Distribution Manager147,000 LKR-11%
Division Manager123,000 LKR-25%
Duty Manager116,000 LKR-30%
Engagement Manager149,000 LKR-10%
Executive Director213,000 LKR+29%
Executive Manager163,000 LKR-1%
Franchise Manager171,000 LKR+4%
General Manager169,000 LKR+3%
Generational Consultant115,000 LKR-30%
Global Master Data Manager149,000 LKR-10%
Global Technical Lead100,000 LKR-39%
Head of Investment141,000 LKR-14%
Head of Middle Office131,000 LKR-20%
Head of Projects136,000 LKR-17%
Head of Strategy155,000 LKR-6%
Head of Supply Chain127,000 LKR-23%
Head of Sustainability117,000 LKR-29%
Housing Manager107,000 LKR-35%
HSE Manager119,000 LKR-28%
Innovation Manager124,000 LKR-25%
Key Account Manager121,000 LKR-27%
Knowledge Manager130,000 LKR-21%
Location Manager127,000 LKR-23%
Logistics Executive107,000 LKR-35%
Logistics Manager111,000 LKR-33%
Management Consultant115,000 LKR-30%
Management Executive144,000 LKR-13%
Manager138,000 LKR-16%
Managing Director175,000 LKR+6%
MIS Executive140,000 LKR-15%
Ocean Services Manager150,000 LKR-9%
Online Business Manager189,000 LKR+15%
Operational Manager146,000 LKR-11%
Operations Analyst122,000 LKR-26%
Operations Assistant102,000 LKR-38%
Operations Director154,000 LKR-7%
Operations Executive153,000 LKR-7%
Operations Manager155,000 LKR-6%
Operations Supervisor130,000 LKR-21%
Planning Director155,000 LKR-6%
PMO Manager128,000 LKR-22%
Policy Administration Executive118,000 LKR-28%
Private Sector Executive120,000 LKR-27%
Product Development Manager141,000 LKR-14%
Product Executive127,000 LKR-23%
Production Executive134,000 LKR-19%
Production Manager138,000 LKR-16%
Production Supervisor124,000 LKR-25%
Program Director147,000 LKR-11%
Program Manager144,000 LKR-13%
Programme Coordinator104,000 LKR-37%
Project Control Manager150,000 LKR-9%
Project Coordinator85,800 LKR-48%
Project Management Officer97,000 LKR-41%
Project Manager100,000 LKR-39%
Project Portfolio Manager110,000 LKR-33%
Quality Manager108,000 LKR-34%
R/D Director123,000 LKR-25%
Regional Director185,000 LKR+12%
Regional Manager139,000 LKR-16%
Relationship Manager134,000 LKR-19%
Retail District Manager99,800 LKR-39%
Revenue Manager111,000 LKR-33%
Risk and Capital Manager162,000 LKR-2%
Risk Officer108,000 LKR-34%
Safety Manager110,000 LKR-33%
Section Head105,000 LKR-36%
Service Manager114,000 LKR-31%
Shift Supervisor82,700 LKR-50%
Solutions Manager96,200 LKR-42%
Supervisor83,700 LKR-49%
Supply Chain Manager145,000 LKR-12%
Surveyor99,800 LKR-39%
Technical Director132,000 LKR-20%
Technical Manager139,000 LKR-16%
Territory Manager132,000 LKR-20%
Validation Manager118,000 LKR-28%
Vice President165,000 LKR+0%
Zone Manager143,000 LKR-13%

Salary Comparison By City

CityAverage Salary
Colombo193,000 LKR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Sri Lanka is 8% on average across all career fields.

Private Sector
86,300 LKR
Public Sector+8%
92,900 LKR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Vice President in Sri Lanka?

A good and competitive compensation would range anywhere between 154,000 LKR and 176,000 LKR. This is a very rough estimate. Experience and education play a very huge part in the 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 salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Vice President in Sri Lanka ranges from 80,700 LKR to 126,000 LKR. 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 with 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 the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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