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Average Salary in Turkmenistan 2021

How much money does a person working in Turkmenistan make?


Average Monthly Salary
5,230 TMT
( 62,700 TMT yearly)

LOW
1,320
TMT
AVERAGE
5,230
TMT
HIGH
23,300
TMT

A person working in Turkmenistan typically earns around 5,230 TMT per month. Salaries range from 1,320 TMT (lowest average) to 23,300 TMT (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 Turkmenistan

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

  • Salary Range

    Salaries in Turkmenistan range from 1,320 TMT per month (minimum salary) to 23,300 TMT per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 5,330 TMT per month, which means that half (50%) of the population are earning less than 5,330 TMT while the other half are earning more than 5,330 TMT. 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 2,990 TMT while 75% of them are earning more than 2,990 TMT. Also from the diagram, 75% of the population are earning less than 14,600 TMT while 25% are earning more than 14,600 TMT.


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 Turkmenistan costs anywhere from 26,100 Manat(s) to 78,400 Manat(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 Turkmenistan
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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 Turkmenistan earn 8% more than their female counterparts on avergae across all sectors.

Male
5,390 TMT
Female-7%
5,010 TMT
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Turkmenistan

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

Turkmenistan

Employees in Turkmenistan are likely to observe a salary increase of approximately 5% every 28 months.

Annual Salary Increment Rate Turkmenistan
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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 Turkmenistan is 2%.

Annual Increment Rate By Industry 2020

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 Turkmenistan for the year 2020. 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 Turkmenistan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Turkmenistan
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64% of surveyed staff in Turkmenistan reported that they haven't received any bonuses or incentives in the previous year while 36% 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
36%
No Bonus
64%

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.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant3,700 TMT
Accounting Assistant2,960 TMT
Accounting Manager7,780 TMT
Bookkeeper2,590 TMT
Chartered Accountant4,690 TMT
Corporate Treasurer7,110 TMT
Financial Analyst7,040 TMT
Financial Manager10,600 TMT
Internal Auditor5,050 TMT

Administration / Reception / Secretarial
Administrative Assistant2,900 TMT
Office Manager4,740 TMT
Receptionist1,910 TMT
Secretary2,420 TMT

Advertising / Grapic Design / Events
Art Director5,140 TMT
Creative Director5,430 TMT
Graphic Designer3,490 TMT
Photographer2,910 TMT

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer6,900 TMT
Air Traffic Controller6,050 TMT
Flight Attendant3,680 TMT
Pilot9,290 TMT

Architecture
Architect6,670 TMT
CAD Drafter2,800 TMT

Automotive
Mechanic2,100 TMT
Service Advisor3,650 TMT

Banking
Bank Branch Manager9,450 TMT
Teller2,040 TMT

Bilingual
Teacher3,890 TMT
Translator4,690 TMT

Business Planning
Business Analyst6,850 TMT
Business Development Manager8,640 TMT
Project Manager6,130 TMT

Care Giving and Child Care
Nanny2,130 TMT
Nursery Teacher1,990 TMT

Construction / Building / Installation
Civil Engineer4,790 TMT
Construction Project Manager8,870 TMT
Health and Safety Officer2,470 TMT

Customer Service and Call Center
Call Center Representative2,030 TMT
Customer Service Manager7,290 TMT
Customer Service Representative2,070 TMT

Engineering
Electrical Engineer5,450 TMT
Engineer4,960 TMT
Mechanical Engineer5,150 TMT

Executive and Management
Chief Executive Officer12,600 TMT
Chief Financial Officer10,800 TMT
General Manager9,450 TMT

Food / Hospitality / Tourism / Catering
Chef3,420 TMT
Executive Chef3,740 TMT
Hotel Manager9,220 TMT
Travel Agent3,370 TMT
Waiter / Waitress1,720 TMT

Health and Medical
Dentist12,400 TMT
Dietitian10,900 TMT
Laboratory Technician4,090 TMT
Nurse4,080 TMT

Human Resources
Human Resources Manager7,780 TMT
Human Resources Officer3,070 TMT

Information Technology
Computer Technician4,180 TMT
Database Administrator5,460 TMT
Developer / Programmer5,080 TMT
Information Technology Manager9,030 TMT
Network Engineer4,780 TMT

Law Enforcement / Security / Fire
Police Officer3,320 TMT

Legal
Attorney10,800 TMT
Legal Assistant2,680 TMT

Media / Broadcasting / Arts / Entertainment
Journalist6,170 TMT

Pharmaceutical and Biotechnology
Biomedical Engineer4,330 TMT
Pharmacist6,770 TMT

Sales Retail and Wholesale
Cashier1,940 TMT
Sales Manager9,000 TMT
Sales Representative3,470 TMT

Teaching / Education
Elementary School Teacher3,720 TMT
Secondary School Teacher4,320 TMT

Average Hourly Wage in Turkmenistan


30 TMT per hour

The average hourly wage (pay per hour) in Turkmenistan is 30 TMT. This means that the average person in Turkmenistan earns approximately 30 TMT 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
Asgabat6,180 TMT

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 Turkmenistan earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
4,810 TMT
Public Sector+14%
5,490 TMT
Percentage increase and decrease are relative to the previous value

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