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Average Salary in Sri Lanka 2020

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


Average Monthly Salary
115,000 LKR
( 1,390,000 LKR yearly)

LOW
15,600
LKR
AVERAGE
115,000
LKR
HIGH
511,000
LKR

A person working in Sri Lanka typically earns around 115,000 LKR per month. Salaries range from 15,600 LKR (lowest average) to 511,000 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 careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Sri Lanka

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

  • Salary Range

    Salaries in Sri Lanka range from 15,600 LKR per month (minimum salary) to 511,000 LKR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 118,000 LKR per month, which means that half (50%) of the population are earning less than 118,000 LKR while the other half are earning more than 118,000 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 the population are earning less than 60,000 LKR while 75% of them are earning more than 60,000 LKR. Also from the diagram, 75% of the population are earning less than 321,000 LKR while 25% are earning more than 321,000 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.



Salary Comparison By Gender

Salary comparison by gender monthly Sri Lanka
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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 in Sri Lanka earn 15% more than their female counterparts.

Female
106,000 LKR
Male+15%
121,000 LKR
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Sri Lanka

How much are annual salary increments in Sri Lanka? How often do employees get salary raises?

Sri Lanka

Employees in Sri Lanka are likely to observe a salary increase of approximately 9% every 17 months.

Annual Salary Increment Rate Sri Lanka
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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.

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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Sri Lanka

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sri Lanka
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48% of surveyed staff in Sri Lanka reported that they haven't received any bonuses or incentives in the previous year while 52% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
52%
No Bonus
48%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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

Salary Trend and Forecast in Sri Lanka

How are Sri Lanka salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Sri Lanka
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Average Salary 2016
103,000 LKR
Average Salary 2017+4%
106,000 LKR
Average Salary 2018+3%
109,000 LKR
Average Salary 2019+2%
111,000 LKR
Percentage increase and decrease are relative to the previous value

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 2% 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.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant83,800 LKR
Accounting Assistant81,000 LKR
Accounting Manager149,000 LKR
Bookkeeper63,900 LKR
Chartered Accountant107,000 LKR
Corporate Treasurer201,000 LKR
Financial Analyst124,000 LKR
Financial Manager233,000 LKR
Internal Auditor124,000 LKR

Administration / Reception / Secretarial
Administrative Assistant62,700 LKR
Office Manager78,100 LKR
Receptionist63,300 LKR
Secretary62,100 LKR

Advertising / Grapic Design / Events
Art Director118,000 LKR
Creative Director126,000 LKR
Graphic Designer79,100 LKR
Photographer78,300 LKR

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer129,000 LKR
Air Traffic Controller121,000 LKR
Flight Attendant97,600 LKR
Pilot137,000 LKR

Architecture
Architect107,000 LKR
CAD Drafter90,200 LKR

Automotive
Mechanic61,700 LKR
Service Advisor93,200 LKR

Banking
Bank Branch Manager179,000 LKR
Teller76,700 LKR

Bilingual
Teacher94,600 LKR
Translator107,000 LKR

Business Planning
Business Analyst138,000 LKR
Business Development Manager187,000 LKR
Project Manager143,000 LKR

Care Giving and Child Care
Nanny72,100 LKR
Nursery Teacher81,300 LKR

Construction / Building / Installation
Civil Engineer109,000 LKR
Construction Project Manager141,000 LKR
Health and Safety Officer76,700 LKR

Customer Service and Call Center
Call Center Representative81,700 LKR
Customer Service Manager162,000 LKR
Customer Service Representative86,500 LKR

Engineering
Civil Engineer104,000 LKR
Electrical Engineer115,000 LKR
Engineer107,000 LKR
Mechanical Engineer111,000 LKR

Executive and Management
Chief Executive Officer264,000 LKR
Chief Financial Officer239,000 LKR
General Manager216,000 LKR
Project Manager128,000 LKR

Food / Hospitality / Tourism / Catering
Chef97,700 LKR
Executive Chef106,000 LKR
Hotel Manager170,000 LKR
Receptionist90,000 LKR
Travel Agent98,100 LKR
Waiter / Waitress72,700 LKR

Health and Medical
Dentist296,000 LKR
Dietitian274,000 LKR
Laboratory Technician85,200 LKR
Nurse94,700 LKR

Human Resources
Human Resources Manager156,000 LKR
Human Resources Officer93,900 LKR

Information Technology
Computer Technician95,000 LKR
Database Administrator118,000 LKR
Developer / Programmer102,000 LKR
Information Technology Manager168,000 LKR
Network Engineer106,000 LKR

Law Enforcement / Security / Fire
Police Officer90,600 LKR

Legal
Attorney172,000 LKR
Legal Assistant85,400 LKR

Media / Broadcasting / Arts / Entertainment
Journalist121,000 LKR

Pharmaceutical and Biotechnology
Biomedical Engineer99,000 LKR
Pharmacist137,000 LKR

Sales Retail and Wholesale
Cashier68,700 LKR
Sales Manager195,000 LKR
Sales Representative73,500 LKR

Teaching / Education
Elementary School Teacher81,700 LKR
Secondary School Teacher98,900 LKR

Average Hourly Wage in Sri Lanka


670 LKR per hour

The average hourly wage (pay per hour) in Sri Lanka is 670 LKR. This means that the average person in Sri Lanka earns approximately 670 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.

Salary Comparison By City

CityAverage Salary
Colombo137,000 LKR
92704 - 618

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