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Executive and Management Average Salaries in Cape Verde 2020

How much money does a person working in Executive and Management make in Cape Verde?

Average Monthly Salary
278,000 CVE
( 3,340,000 CVE yearly)


A person working in Executive and Management in Cape Verde typically earns around 278,000 CVE per month. Salaries range from 91,200 CVE (lowest average) to 456,000 CVE (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 Coordinator196,000 CVE
Administration Manager230,000 CVE
Area Manager223,000 CVE
Asset Protection Associate242,000 CVE
Assistant Director246,000 CVE
Assistant Manager260,000 CVE
Assistant Operations Manager265,000 CVE
Assistant Project Manager238,000 CVE
Assistant Section Head193,000 CVE
Assistant to CEO228,000 CVE
Assistant Vice President243,000 CVE
Associate Director234,000 CVE
Bid Manager278,000 CVE
Branch Manager254,000 CVE
Business Development Manager285,000 CVE
Business Operations Associate239,000 CVE
Business Operations Lead257,000 CVE
Campaign Manager279,000 CVE
Chairman of The Board456,000 CVE
Chairman Office Manager281,000 CVE
Chief Corporate Officer374,000 CVE
Chief Executive Officer461,000 CVE
Chief Financial Officer438,000 CVE
Chief of Staff213,000 CVE
Chief Operating Officer359,000 CVE
Chief Risk Officer298,000 CVE
Client Services Manager302,000 CVE
Commercial Project Manager249,000 CVE
Commodity Broker195,000 CVE
Corporate Affairs Executive263,000 CVE
Corporate Compliance Director293,000 CVE
Corporate Director321,000 CVE
Corporate Officer219,000 CVE
Corporate Partnerships Officer223,000 CVE
Country Manager365,000 CVE
Deputy Director311,000 CVE
Director350,000 CVE
Director of Accreditation303,000 CVE
Director of Catering Services284,000 CVE
Director of Client Services297,000 CVE
Director of Facilities Management244,000 CVE
Director of Operations319,000 CVE
Director of Process Simplification250,000 CVE
Director of Project Management331,000 CVE
Director of Revenue Management269,000 CVE
Director of Training and Development280,000 CVE
Distribution Manager312,000 CVE
Division Manager281,000 CVE
Duty Manager262,000 CVE
Engagement Manager338,000 CVE
Executive Director467,000 CVE
Executive Manager375,000 CVE
Franchise Manager382,000 CVE
General Manager347,000 CVE
Global Master Data Manager305,000 CVE
Head of Middle Office286,000 CVE
Head of Projects318,000 CVE
Head of Sustainability256,000 CVE
Housing Manager249,000 CVE
HSE Manager258,000 CVE
Key Account Manager245,000 CVE
Knowledge Manager293,000 CVE
Location Manager275,000 CVE
Logistics Manager248,000 CVE
Management Consultant245,000 CVE
Management Executive343,000 CVE
Manager292,000 CVE
Managing Director386,000 CVE
MIS Executive305,000 CVE
Ocean Services Manager309,000 CVE
Operations Assistant233,000 CVE
Operations Director330,000 CVE
Operations Executive328,000 CVE
Operations Manager340,000 CVE
Operations Supervisor279,000 CVE
Policy Administration Executive265,000 CVE
Private Sector Executive267,000 CVE
Product Development Manager303,000 CVE
Product Executive274,000 CVE
Production Executive318,000 CVE
Production Manager317,000 CVE
Production Supervisor260,000 CVE
Program Manager320,000 CVE
Programme Coordinator219,000 CVE
Project Control Manager322,000 CVE
Project Coordinator186,000 CVE
Project Management Officer217,000 CVE
Project Manager222,000 CVE
Project Portfolio Manager255,000 CVE
Quality Manager249,000 CVE
R/D Director270,000 CVE
Regional Director440,000 CVE
Regional Manager326,000 CVE
Relationship Manager299,000 CVE
Retail District Manager222,000 CVE
Revenue Manager242,000 CVE
Risk and Capital Manager344,000 CVE
Risk Officer239,000 CVE
Safety Manager221,000 CVE
Section Head241,000 CVE
Service Manager239,000 CVE
Shift Supervisor195,000 CVE
Solutions Manager217,000 CVE
Supervisor193,000 CVE
Supply Chain Manager313,000 CVE
Surveyor223,000 CVE
Technical Manager289,000 CVE
Territory Manager312,000 CVE
Validation Manager262,000 CVE
Vice President356,000 CVE
Zone Manager319,000 CVE

Executive and Management Jobs Salary Distribution in Cape Verde

Median and salary distribution monthly Cape Verde Executive and Management
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The median, the maximum, the minimum, and the range

  • Salary Range

    Executive and Management salaries in Cape Verde range from 91,200 CVE per month (minimum average salary) to 456,000 CVE per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 301,000 CVE per month, which means that half (50%) of people working in Executive and Management are earning less than 301,000 CVE while the other half are earning more than 301,000 CVE. 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 176,000 CVE while 75% of them are earning more than 176,000 CVE. Also from the diagram, 75% of people working in Executive and Management are earning less than 408,000 CVE while 25% are earning more than 408,000 CVE.

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 Cape Verde costs anywhere from 1,020,000 Cape Verde Escudo(s) to 3,060,000 Cape Verde Escudo(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 Cape Verde 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 in Cape Verde who work in Executive and Management earn 24% more than their female counterparts on average.

248,000 CVE
308,000 CVE
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cape Verde for all Careers

Salary comparison by gender monthly Cape Verde
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Executive and Management Average Annual Salary Increment Percentage in Cape Verde

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

Executive and Management

Executive and Management professionals in Cape Verde are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Cape Verde 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.

Cape Verde / All Professions

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 Cape Verde is 2%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Cape Verde 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 Cape Verde

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cape Verde 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.

36% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 64% 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 Cape Verde
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Where can you get paid more, working for a private company or for the government? Public sector employees in Cape Verde earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
194,000 CVE
Public Sector+14%
221,000 CVE
Percentage increase and decrease are relative to the previous value

Executive and Management Hourly Average Wage in Cape Verde

1,610 CVE per hour

The average hourly wage (pay per hour) in Cape Verde is 1,610 CVE. This means that the average person in Cape Verde earns approximately 1,610 CVE 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 Cape Verde
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The average salary for Executive and Management is 36% more than that of All Jobs.

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