Investor Relations Officer Average Salary in Gambia 2023
How much money does a person working as Investor Relations Officer make in Gambia?
LOW
8,200
GMD AVERAGE
15,800
GMD HIGH
24,100
GMD
A person working as Investor Relations Officer in Gambia typically earns around 15,800 GMD per month. Salaries range from 8,200 GMD (lowest) to 24,100 GMD (highest).
This is the average monthly salary including housing, transport, and other benefits. Investor Relations Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Investor Relations Officer Pay Scale and Salaries in Gambia
Salary Structure and Pay Scale Comparison
14,300 GMD or more
12,700 to 14,300 GMD
9,280 GMD or less
9,280 to 12,700 GMD
 8,200 GMD |
14,300 GMD |
24,100 GMD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Investor Relations Officer salaries in Gambia range from 8,200 GMD per month (starting salary) to 24,100 GMD per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 14,300 GMD per month, which means that half (50%) of people working as Investor Relations Officer(s) are earning less than 14,300 GMD while the other half are earning more than 14,300 GMD. 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 and Salary Scale
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Investor Relations Officer(s) are earning less than 11,900 GMD while 75% of them are earning more than 11,900 GMD. Also from the diagram, 75% of Investor Relations Officer(s) are earning less than 16,300 GMD while 25% are earning more than 16,300 GMD.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 9,280 GMD to 12,700 GMD. Approximatly 20% fall under the 9,280 GMD cap. Ten percent of wages are from 12,700 GMD to 14,300 GMD. Only 5% of people grossed 14,300 GMD or more.
Investor Relations Officer Salary Comparison by Years of Experience
How does experience and age affect your pay?
Investor Relations Officer average salary change by experience in Gambia
| 0 - 2 Years | 9,310 GMD | |
| 2 - 5 Years | +34% | 12,500 GMD |
| 5 - 10 Years | +30% | 16,200 GMD |
| 10 - 15 Years | +21% | 19,700 GMD |
| 15 - 20 Years | +9% | 21,500 GMD |
| 20+ Years | +5% | 22,600 GMD |
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 Investor Relations Officer salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 9,310 GMD per month.
While someone with an experience level between two and five years is expected to earn 12,500 GMD 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 16,200 GMD per month, 30% more than someone with two to five years of experience.
Additionally, Investor Relations Officer whose expertise span anywhere between ten and fifteen years get a salary equivalent to 19,700 GMD per month, 21% 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 21,500 GMD 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 22,600 GMD per month, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Investor Relations Officer Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Investor Relations Officer(s) who have the same experience but different education levels.
Investor Relations Officer average salary difference by education level in Gambia
| High School | 11,200 GMD | |
| Certificate or Diploma | +14% | 12,800 GMD |
| Bachelor's Degree | +41% | 18,100 GMD |
| Master's Degree | +21% | 21,900 GMD |
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 Investor Relations Officer salaries by education level in order to make a comparison.
When the education level is High School, the average salary is 11,200 GMD per month.
While someone with a Certificate or Diploma gets a salary of 12,800 GMD per month, 14% more than someone having a High School degree.
People with Bachelor's Degree have an average salary of 18,100 GMD per month, 41% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 21,900 GMD per month, 21% more than someone with Bachelor's Degree.
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 Gambia costs anywhere from 79,500 Dalasi(s) to 239,000 Dalasi(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 and Compensation Comparison By Gender - Investor Relations Officer
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Investor Relations Officer employees in Gambia earn 11% more than their female counterparts on average.
| Male | 16,800 GMD | |
| Female | -10% | 15,100 GMD |
Salary Comparison By Gender in Gambia for all Careers
Investor Relations Officer Average Annual Salary Increment Percentage in Gambia
How much are annual salary increments in Gambia for Investor Relations Officer(s)? How often do employees get salary raises?
Investor Relations Officer
Investor Relations Officer(s) in Gambia are likely to observe a salary increase of approximately 7% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Gambia / 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
Annual Increment Rate By Industry 2022
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Gambia for the year 2022. 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
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.
Investor Relations Officer Bonus and Incentive Rates in Gambia
How much and how often are bonuses being awarded?
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"Investor Relations Officer" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
40% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
| Received Bonus | 60% | |
| No Bonus | 40% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Investor Relations Officer Salary Trend and Forecast in Gambia
How are Investor Relations Officer salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 14,000 GMD | |
| Average Salary 2020 | +4% | 14,500 GMD |
| Average Salary 2021 | +2% | 14,800 GMD |
| Average Salary 2022 | +3% | 15,200 GMD |
Investor Relations Officer salaries in Gambia are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Investor Relations Officer Average Hourly Wage in Gambia
91 GMD per hourThe average hourly wage (pay per hour) in Gambia is 91 GMD. This means that the average Investor Relations Officer in Gambia earns approximately 91 GMD for every worked hour.
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 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for 'Investor Relations Officer' in Gambia is 47 GMD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Investor Relations Officer VS Other Jobs
The average salary for Investor Relations Officer is 2% less than that of Public Relations. Also, Public Relations salaries are 1% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Communications Associate | 7,690 GMD |  -51% |
| Communications Specialist | 9,750 GMD | -38% |
| Director of Communications | 21,200 GMD |  +35% |
| Government Relations Officer | 14,700 GMD | -7% |
| Head of Public Relations | 25,100 GMD | +59% |
| Investor Relations Officer | 15,800 GMD | +0% |
| Media Relations Specialist | 19,300 GMD | +22% |
| Meetings Coordinator | 6,840 GMD | -57% |
| Public Relations Manager | 22,300 GMD | +41% |
| Public Relations Officer | 9,370 GMD | -41% |
| Public Relations Practitioner | 11,600 GMD | -26% |
| Public Relations Specialist | 9,830 GMD | -38% |
| Relationship Management Officer | 7,340 GMD | -53% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Gambia earn 10% more than their private sector counterparts on average across all sectors.
| Private Sector | 15,400 GMD | |
| Public Sector | +10% | 17,000 GMD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for Investor Relations Officer in Gambia?
A good and competitive compensation would range anywhere between 14,300 GMD and 16,300 GMD. This is a very rough estimate and your experience and education will play a very huge part into your 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 salart after tax for every career.
Base / Basic Salary
The base salary for Investor Relations Officer in Gambia is ranges from 11,900 GMD to 16,300 GMD. 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 in 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 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
