Bid Manager Average Salary in Colombo 2024
How much money does a person working as Bid Manager make in Colombo?
LOW
63,300
LKR AVERAGE
138,000
LKR HIGH
219,000
LKR
A person working as Bid Manager in Colombo typically earns around 138,000 LKR. Salaries range from 63,300 LKR (lowest) to 219,000 LKR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bid Manager salaries in Colombo vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bid Manager Pay Scale and Salaries in Colombo
Salary Structure and Pay Scale Comparison
131,000 LKR or more
114,000 to 131,000 LKR
78,800 LKR or less
78,800 to 114,000 LKR
 63,300 LKR |
132,000 LKR |
219,000 LKR |
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 Bid Manager in Colombo range from 63,300 LKR (starting salary) to 219,000 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 132,000 LKR, half of the professionals who work as Bid Manager in Colombo 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 Bid Manager in Colombo earn less than 106,000 LKR, while 75% earn more. Similarly, the chart shows that 75% earn less than 152,000 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 Bid Manager in Colombo compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 78,800 LKR to 114,000 LKR. About 20% of salaries are below the 78,800 LKR mark, while 10% fall within the range of 114,000 LKR to 131,000 LKR. Only 5% of individuals have salaries exceeding 131,000 LKR.
Salary Comparison by Years of Experience / Bid Manager / Colombo
How do experience and age affect pay?
| 0 - 2 Years | 71,800 LKR | |
| 2 - 5 Years | +34% | 95,900 LKR |
| 5 - 10 Years | +48% | 142,000 LKR |
| 10 - 15 Years | +22% | 173,000 LKR |
| 15 - 20 Years | +9% | 188,000 LKR |
| 20+ Years | +8% | 204,000 LKR |
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 Bid Manager and this is what we found.
Employees with less than two years of experience earn approximately 71,800 LKR.
While someone with an experience level between two and five years is expected to earn 95,900 LKR, 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 142,000 LKR, 48% 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 173,000 LKR, 22% 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 188,000 LKR, 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 204,000 LKR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bid Manager / Colombo
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bid Manager.
| High School | 88,200 LKR | |
| Certificate or Diploma | +18% | 104,000 LKR |
| Bachelor's Degree | +45% | 150,000 LKR |
| Master's Degree | +31% | 197,000 LKR |
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 Bid Manager in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 88,200 LKR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 104,000 LKR, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 150,000 LKR, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 197,000 LKR, 31% 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 and Compensation Comparison By Gender / Bid Manager / Colombo
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 Bid Manager in Sri Lanka, the average difference between the salary of male and female employees is 10%.
| Male | 124,000 LKR | |
| Female | -9% | 112,000 LKR |
Salary Comparison By Gender in Sri Lanka for all Careers
Average Annual Salary Increment Percentage / Bid Manager / Colombo
How much are annual salary increments in Colombo for individuals working as Bid Manager? How often do employees get salary raises?
Individuals working as Bid Manager in Sri Lanka are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Sri Lanka / 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 / Bid Manager / Sri Lanka
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 / Bid Manager / Colombo
790 LKR per hourThe average hourly wage (pay per hour) for individuals working as Bid Manager in Colombo is 790 LKR.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 Bid Manager in Colombo is 370 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 Title | Average Salary |
| Executive and Management |  -100% | |
| Account Coordinator | 96,500 LKR | -30% |
| Account Director | 120,000 LKR | -13% |
| Account Executive | 119,000 LKR | -14% |
| Account Manager | 108,000 LKR | -22% |
| Administration Manager | 112,000 LKR | -19% |
| Administration Officer | 64,600 LKR | -53% |
| Administration Supervisor | 98,700 LKR | -28% |
| Administrative Clerk | 46,200 LKR | -66% |
| Administrative Officer | 46,300 LKR | -66% |
| Area Director | 103,000 LKR | -25% |
| Area Manager | 108,000 LKR | -22% |
| Asset Protection Associate | 125,000 LKR | -9% |
| Assistant Director | 122,000 LKR | -11% |
| Assistant General Manager | 123,000 LKR | -11% |
| Assistant Manager | 122,000 LKR | -11% |
| Assistant Managing Director | 138,000 LKR |  +0% |
| Assistant Operations Manager | 136,000 LKR | -1% |
| Assistant Project Manager | 119,000 LKR | -14% |
| Assistant Section Head | 104,000 LKR | -24% |
| Assistant to CEO | 110,000 LKR | -20% |
| Assistant Vice President | 127,000 LKR | -8% |
| Associate Account Director | 122,000 LKR | -11% |
| Associate Director | 118,000 LKR | -14% |
| Bid Manager | 138,000 LKR | +0% |
| Branch Manager | 128,000 LKR | -7% |
| Business Development Manager | 151,000 LKR | +10% |
| Business Operations Associate | 119,000 LKR | -14% |
| Business Operations Lead | 120,000 LKR | -13% |
| Campaign Manager | 136,000 LKR | -1% |
| Catering Coordinator | 76,100 LKR | -45% |
| Catering Manager | 120,000 LKR | -13% |
| CEO | 234,000 LKR | +70% |
| Chairman of The Board | 232,000 LKR | +69% |
| Chairman Office Manager | 149,000 LKR | +8% |
| Chief Commercial Officer | 175,000 LKR | +27% |
| Chief Corporate Officer | 186,000 LKR | +35% |
| Chief Digital Officer | 161,000 LKR | +17% |
| Chief Digital Strategy Officer | 160,000 LKR | +16% |
| Chief Digital Transformation Officer | 162,000 LKR | +18% |
| Chief Ethics Officer | 141,000 LKR | +2% |
| Chief Executive Officer | 241,000 LKR | +75% |
| Chief Financial Officer | 204,000 LKR | +48% |
| Chief Investment Officer | 169,000 LKR | +23% |
| Chief of Staff | 109,000 LKR | -21% |
| Chief Operating Officer | 177,000 LKR | +29% |
| Chief Privacy Officer | 140,000 LKR | +2% |
| Chief Resilience Officer | 162,000 LKR | +18% |
| Chief Risk Officer | 147,000 LKR | +7% |
| Chief Strategy Officer | 187,000 LKR | +36% |
| Chief Trust and Safety Officer | 151,000 LKR | +10% |
| Client Account Manager | 139,000 LKR | +1% |
| Client Accounts Officer | 114,000 LKR | -17% |
| Client Services Manager | 153,000 LKR | +11% |
| Commercial Director | 152,000 LKR | +10% |
| Commercial Manager | 135,000 LKR | -2% |
| Commercial Project Manager | 131,000 LKR | -5% |
| Commodity Broker | 95,100 LKR | -31% |
| COO | 172,000 LKR | +25% |
| Corporate Affairs Executive | 140,000 LKR | +2% |
| Corporate Compliance Director | 150,000 LKR | +9% |
| Corporate Director | 154,000 LKR | +12% |
| Corporate Officer | 105,000 LKR | -24% |
| Corporate Partnerships Officer | 112,000 LKR | -19% |
| Country Manager | 185,000 LKR | +34% |
| Department Head | 139,000 LKR | +1% |
| Department Manager | 135,000 LKR | -2% |
| Department Supervisor | 126,000 LKR | -8% |
| Deputy Director | 155,000 LKR | +13% |
| Deputy Manager | 160,000 LKR | +16% |
| Director | 184,000 LKR | +34% |
| Director of Accreditation | 157,000 LKR | +14% |
| Director of Catering Services | 138,000 LKR | +0% |
| Director of Client Services | 154,000 LKR | +12% |
| Director of Facilities Management | 124,000 LKR | -10% |
| Director of Operations | 149,000 LKR | +8% |
| Director of Process Simplification | 118,000 LKR | -14% |
| Director of Product Management | 147,000 LKR | +7% |
| Director of Project Management | 154,000 LKR | +12% |
| Director of Revenue Management | 142,000 LKR | +3% |
| Director of Training and Development | 153,000 LKR | +11% |
| Distribution Manager | 160,000 LKR | +16% |
| Division Manager | 132,000 LKR | -4% |
| Duty Manager | 126,000 LKR | -8% |
| Engagement Manager | 163,000 LKR | +18% |
| Executive Director | 225,000 LKR | +64% |
| Executive Manager | 193,000 LKR | +40% |
| Franchise Manager | 192,000 LKR | +40% |
| General Manager | 174,000 LKR | +26% |
| Generational Consultant | 119,000 LKR | -14% |
| Global Master Data Manager | 166,000 LKR | +21% |
| Global Technical Lead | 103,000 LKR | -25% |
| Head of Investment | 151,000 LKR | +10% |
| Head of Middle Office | 141,000 LKR | +2% |
| Head of Projects | 148,000 LKR | +8% |
| Head of Strategy | 176,000 LKR | +28% |
| Head of Supply Chain | 140,000 LKR | +2% |
| Head of Sustainability | 126,000 LKR | -8% |
| Housing Manager | 123,000 LKR | -11% |
| HSE Manager | 126,000 LKR | -8% |
| Innovation Manager | 137,000 LKR | -0% |
| Key Account Manager | 128,000 LKR | -7% |
| Knowledge Manager | 145,000 LKR | +5% |
| Location Manager | 149,000 LKR | +8% |
| Logistics Executive | 125,000 LKR | -9% |
| Logistics Manager | 115,000 LKR | -16% |
| Management Consultant | 127,000 LKR | -8% |
| Management Executive | 162,000 LKR | +18% |
| Manager | 153,000 LKR | +11% |
| Managing Director | 189,000 LKR | +37% |
| MIS Executive | 154,000 LKR | +12% |
| Ocean Services Manager | 167,000 LKR | +21% |
| Online Business Manager | 212,000 LKR | +54% |
| Operational Manager | 157,000 LKR | +14% |
| Operations Analyst | 138,000 LKR | +0% |
| Operations Assistant | 109,000 LKR | -21% |
| Operations Director | 166,000 LKR | +21% |
| Operations Executive | 159,000 LKR | +16% |
| Operations Manager | 167,000 LKR | +21% |
| Operations Supervisor | 146,000 LKR | +6% |
| Planning Director | 163,000 LKR | +18% |
| PMO Manager | 142,000 LKR | +3% |
| Policy Administration Executive | 137,000 LKR | -0% |
| Private Sector Executive | 138,000 LKR | +0% |
| Product Development Manager | 147,000 LKR | +7% |
| Product Executive | 137,000 LKR | -0% |
| Production Executive | 151,000 LKR | +10% |
| Production Manager | 154,000 LKR | +12% |
| Production Supervisor | 127,000 LKR | -8% |
| Program Director | 157,000 LKR | +14% |
| Program Manager | 167,000 LKR | +21% |
| Programme Coordinator | 115,000 LKR | -16% |
| Project Control Manager | 163,000 LKR | +18% |
| Project Coordinator | 94,700 LKR | -31% |
| Project Management Officer | 111,000 LKR | -19% |
| Project Manager | 110,000 LKR | -20% |
| Project Portfolio Manager | 122,000 LKR | -11% |
| Quality Manager | 128,000 LKR | -7% |
| R/D Director | 143,000 LKR | +4% |
| Regional Director | 213,000 LKR | +55% |
| Regional Manager | 160,000 LKR | +16% |
| Relationship Manager | 150,000 LKR | +9% |
| Retail District Manager | 109,000 LKR | -21% |
| Revenue Manager | 122,000 LKR | -11% |
| Risk and Capital Manager | 172,000 LKR | +25% |
| Risk Officer | 112,000 LKR | -19% |
| Safety Manager | 118,000 LKR | -14% |
| Section Head | 117,000 LKR | -15% |
| Service Manager | 121,000 LKR | -12% |
| Shift Supervisor | 95,400 LKR | -31% |
| Solutions Manager | 107,000 LKR | -22% |
| Supervisor | 91,200 LKR | -34% |
| Supply Chain Manager | 157,000 LKR | +14% |
| Surveyor | 111,000 LKR | -19% |
| Technical Director | 150,000 LKR | +9% |
| Technical Manager | 143,000 LKR | +4% |
| Territory Manager | 149,000 LKR | +8% |
| Validation Manager | 127,000 LKR | -8% |
| Vice President | 193,000 LKR | +40% |
| Zone Manager | 163,000 LKR | +18% |
Salary Comparison By City
| City | Average Salary |
| Colombo | 138,000 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bid Manager in Colombo?
A good and competitive compensation would range anywhere between 132,000 LKR and 152,000 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 Bid Manager in Colombo ranges from 63,300 LKR to 106,000 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
