Average Head of Strategy Salary in Freetown, Sierra Leone for 2024

In this article, we will look at the average Head of Strategy salary for 2024 in Freetown and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Sierra Leonean leone. To keep things simple, we are using the SLL currency code instead of the currency symbol Le.

How Much Does a Head of Strategy Make in Freetown?

A Head of Strategy working in Freetown will typically earn around 122,398,700 SLL per year, and this can range from the lowest average salary of about 56,041,700 SLL to the highest average salary of 193,201,900 SLL.

These are average salaries for a Head of Strategy in Freetown and include benefits such as housing and transport. It's also possible for a Head of Strategy to earn more or less than the average salaries shown above.

Head of Strategy salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Head of Strategy Salaries in Freetown

So we've looked at the average salaries a Head of Strategy will earn in Freetown. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Head of Strategy can earn between 56,041,700 SLL and 193,201,900 SLL on average in Freetown. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Head of Strategy in Freetown is 131,998,300 SLL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 131,998,300 SLL, and 50% of the population earn more than 131,998,300 SLL.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Head of Strategy salary in Freetown, 25% of the population are earning less than 84,358,700 SLL while 75% of the population earn more than 84,358,700 SLL.

75% of the population earn less than 175,200,500 SLL, and 25% of the population earn more than 175,200,500 SLL.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Head of Strategy Salary by Experience Level in Freetown

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average head of strategy salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Head of Strategy in Freetown that has less than two years of experience can expect to earn somewhere in the region of 63,599,700 SLL.
• 2 - 5 Years Experience. With two to five years of experience the average Head of Strategy salary would increase to 84,960,400 SLL.
• 5 - 10 Years Experience. From five to ten years of experience as a Head of Strategy, the average salary would be 125,999,700 SLL.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 153,600,700 SLL.
• 15 - 20 Years Experience. A Head of Strategy with 15 to 20 years of experience can earn an average of 166,799,600 SLL.
• 20+ Years Experience. For a Head of Strategy with more than 20 years, the expected average salary increases to 180,000,500 SLL.

Average Salary by Experience Chart

Head of Strategy Salary by Education Level in Freetown

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Head of Strategy in Freetown based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. A Head of Strategy in Freetown with a high school education can earn an average salary of 78,000,700 SLL.

• Certificate or Diploma. A Head of Strategy in Freetown with a certificate or diploma education can earn an average salary of 91,801,600 SLL.

• Bachelor's Degree. A Head of Strategy in Freetown with a bachelor's degree education can earn an average salary of 133,198,700 SLL.

• Master's Degree. A Head of Strategy in Freetown with a master's degree education can earn an average salary of 174,000,900 SLL.

Average Salary by Education Chart

Head of Strategy Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Freetown, a male head of strategy will earn an average of 116,038,700 SLL, while a female head of strategy will earn around 94,440,800 SLL.

This means that a male head of strategy earns approximately 23% more than a female head of strategy for performing the same job.

Average Salary by Gender Chart in Freetown

Head of Strategy Average Pay Raise in Freetown

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Head of Strategy in Freetown is around 9% every 28 months.

The national average pay raise across all professions and industries in Sierra Leone is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Head of Strategy in Freetown can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Freetown for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Sierra Leone.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Head of Strategy Bonus and Incentive Rates in Freetown

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Head of Strategy is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Sierra Leone earn approximately 14% more than private sector employees in the same role.

Salaries for Jobs Similar to a Head of Strategy

In the table below, we have salary information for jobs that are similar to a Head of Strategy in Freetown.

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