Director of Real Estate Average Salary in Baku 2024
How much money does a person working as Director of Real Estate make in Baku?
LOW
3,400
AZN AVERAGE
6,420
AZN HIGH
9,760
AZN
A person working as Director of Real Estate in Baku typically earns around 6,420 AZN. Salaries range from 3,400 AZN (lowest) to 9,760 AZN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Director of Real Estate salaries in Baku vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Director of Real Estate Pay Scale and Salaries in Baku
Salary Structure and Pay Scale Comparison
5,770 AZN or more
5,150 to 5,770 AZN
3,800 AZN or less
3,800 to 5,150 AZN
 3,400 AZN |
5,790 AZN |
9,760 AZN |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Director of Real Estate in Baku range from 3,400 AZN (starting salary) to 9,760 AZN (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 5,790 AZN, half of the professionals who work as Director of Real Estate in Baku 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 Director of Real Estate in Baku earn less than 4,820 AZN, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,550 AZN 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 Director of Real Estate in Baku compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,800 AZN to 5,150 AZN. About 20% of salaries are below the 3,800 AZN mark, while 10% fall within the range of 5,150 AZN to 5,770 AZN. Only 5% of individuals have salaries exceeding 5,770 AZN.
Salary Comparison by Years of Experience / Director of Real Estate / Baku
How do experience and age affect pay?
| 0 - 2 Years | 3,910 AZN | |
| 2 - 5 Years | +23% | 4,800 AZN |
| 5 - 10 Years | +42% | 6,810 AZN |
| 10 - 15 Years | +17% | 7,950 AZN |
| 15 - 20 Years | +10% | 8,740 AZN |
| 20+ Years | +6% | 9,250 AZN |
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 Director of Real Estate and this is what we found.
Employees with less than two years of experience earn approximately 3,910 AZN.
While someone with an experience level between two and five years is expected to earn 4,800 AZN, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,810 AZN, 42% 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 7,950 AZN, 17% 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 8,740 AZN, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 9,250 AZN, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Director of Real Estate / Baku
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Director of Real Estate.
| High School | 4,740 AZN | |
| Certificate or Diploma | +13% | 5,380 AZN |
| Bachelor's Degree | +31% | 7,030 AZN |
| Master's Degree | +32% | 9,250 AZN |
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 Director of Real Estate in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 4,740 AZN.
Level 2: Certificate or Diploma
At this level, the average salary becomes 5,380 AZN, 13% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 7,030 AZN, 31% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 9,250 AZN, 32% 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 Azerbaijan costs anywhere from 14,800 AZN to 44,400 AZN 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 and Compensation Comparison By Gender / Director of Real Estate / Baku
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 Director of Real Estate in Azerbaijan, the average difference between the salary of male and female employees is nan%.
| Male | 0 AZN | |
| Female | 0 AZN |
Salary Comparison By Gender in Azerbaijan for all Careers
Average Annual Salary Increment Percentage / Director of Real Estate / Baku
How much are annual salary increments in Baku for individuals working as Director of Real Estate? How often do employees get salary raises?
Individuals working as Director of Real Estate in Azerbaijan are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Azerbaijan / All Professions
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
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.
Bonus and Incentive Rates / Director of Real Estate / Azerbaijan
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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.
Average Hourly Wage / Director of Real Estate / Baku
37 AZN per hourThe average hourly wage (pay per hour) for individuals working as Director of Real Estate in Baku is 37 AZN.This is the rate they get paid 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 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 Director of Real Estate in Baku is 20 AZN. 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 Title | Average Salary |
| Real Estate |  -100% | |
| 3D Printing Home Building Engineer | 3,080 AZN | -52% |
| Acquisition Associate | 2,740 AZN | -57% |
| Assistant Leasing Manager | 3,560 AZN | -45% |
| Assistant Property Manager | 3,810 AZN | -41% |
| Brokerage | 2,850 AZN | -56% |
| Brokerage Clerk | 1,480 AZN | -77% |
| Co-Living Space Manager | 3,060 AZN | -52% |
| Commercial Leasing Manager | 5,940 AZN | -8% |
| Commercial Real Estate Manager | 5,730 AZN | -11% |
| Community Development Manager | 5,060 AZN | -21% |
| Compliance Specialist | 2,630 AZN | -59% |
| Development Coordinator | 2,660 AZN | -59% |
| Director of Real Estate | 6,420 AZN | -0% |
| Foreclosure Consultant | 3,760 AZN | -41% |
| Lease Administrator | 3,590 AZN | -44% |
| Leasing Agent | 2,870 AZN | -55% |
| Leasing Consultant | 3,350 AZN | -48% |
| Leasing Manager | 3,920 AZN | -39% |
| Lettings Assistant | 1,340 AZN | -79% |
| Portfolio Analyst | 4,630 AZN | -28% |
| Portfolio Manager | 6,390 AZN | -0% |
| Property Acquisition Agent | 2,490 AZN | -61% |
| Property and Claims Specialist | 3,430 AZN | -47% |
| Property Manager | 4,060 AZN | -37% |
| Property Operations Manager | 5,990 AZN | -7% |
| Property Tax Assistant | 2,830 AZN | -56% |
| PropTech Consultant | 3,120 AZN | -51% |
| Real Estate Administrator | 3,180 AZN | -50% |
| Real Estate Agent | 2,940 AZN | -54% |
| Real Estate Analyst | 3,600 AZN | -44% |
| Real Estate Appraiser | 3,090 AZN | -52% |
| Real Estate Assistant | 2,650 AZN | -59% |
| Real Estate Association Manager | 3,980 AZN | -38% |
| Real Estate Broker | 2,800 AZN | -56% |
| Real Estate Data Analyst | 3,250 AZN | -49% |
| Real Estate General Manager | 5,880 AZN | -8% |
| Real Estate Project Director | 5,470 AZN | -15% |
| Real Estate Project Manager | 5,170 AZN | -19% |
| Real Estate Sales Agent | 3,050 AZN | -53% |
| Real Estate Valuer | 3,040 AZN | -53% |
| Real State Compliance Officer | 2,900 AZN | -55% |
| Research Analyst | 2,490 AZN | -61% |
| Residential Advisor | 3,440 AZN | -46% |
| Residential Property Manager | 4,150 AZN | -35% |
| Shopping Center Manager | 6,290 AZN | -2% |
| Short-Term Rental Manager | 3,680 AZN | -43% |
| Smart Home Consultant | 3,380 AZN | -47% |
| Town Planner | 5,860 AZN | -9% |
| Vacation Rental Manager | 3,370 AZN | -48% |
| Virtual Tour Producer | 3,120 AZN | -51% |
Salary Comparison By City
| City | Average Salary |
| Baku | 6,420 AZN |
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 Azerbaijan is 10% on average across all career fields.
| Private Sector | 2,800 AZN | |
| Public Sector | +10% | 3,070 AZN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Director of Real Estate in Baku?
A good and competitive compensation would range anywhere between 5,790 AZN and 6,550 AZN. 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 Director of Real Estate in Baku ranges from 3,400 AZN to 4,820 AZN. 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
