Average Asset Management Associate Salary in Tunisia for 2024

In this article, we will look at the average Asset Management Associate salary for 2024 in Tunisia 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 Tunisian dinar. To keep things simple, we are using the TND currency code instead of the currency symbol د.ت.

How Much Does an Asset Management Associate Make in Tunisia?

An Asset Management Associate working in Tunisia will typically earn around 44,800 TND per year, and this can range from the lowest average salary of about 22,540 TND to the highest average salary of 66,440 TND.

Average Annual Salary
44,800 TND
Average Monthly Salary
3,733 TND

Lowest Annual Salary
22,540 TND
Lowest Monthly Salary
1,878 TND

Highest Annual Salary
66,440 TND
Highest Monthly Salary
5,536 TND

These are average salaries for an Asset Management Associate in Tunisia and include benefits such as housing and transport. It's also possible for an Asset Management Associate to earn more or less than the average salaries shown above.

Asset Management Associate 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 Asset Management Associate Salaries in Tunisia

So we've looked at the average salaries an Asset Management Associate will earn in Tunisia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Asset Management Associate can earn between 22,540 TND and 66,440 TND on average in Tunisia. 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 an Asset Management Associate in Tunisia is 42,320 TND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 42,320 TND, and 50% of the population earn more than 42,320 TND.

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 Asset Management Associate salary in Tunisia, 25% of the population are earning less than 28,900 TND while 75% of the population earn more than 28,900 TND.

75% of the population earn less than 53,120 TND, and 25% of the population earn more than 53,120 TND.

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.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Asset Management Associate Salary by Experience Level in Tunisia

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 asset management associate 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. An Asset Management Associate in Tunisia that has less than two years of experience can expect to earn somewhere in the region of 24,860 TND.
  • 2 - 5 Years Experience. With two to five years of experience the average Asset Management Associate salary would increase to 33,520 TND.
  • 5 - 10 Years Experience. From five to ten years of experience as an Asset Management Associate, the average salary would be 44,720 TND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 52,300 TND.
  • 15 - 20 Years Experience. An Asset Management Associate with 15 to 20 years of experience can earn an average of 58,520 TND.
  • 20+ Years Experience. For an Asset Management Associate with more than 20 years, the expected average salary increases to 61,840 TND.

Average Salary by Experience Chart

0-2 Years
24,860 TND
2-5 Years +34%
33,520 TND
5-10 Years +30%
44,720 TND
10-15 Years +21%
52,300 TND
15-20 Years +9%
58,520 TND
20+ Years +5%
61,840 TND

Asset Management Associate Salary by Education Level in Tunisia

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 an Asset Management Associate in Tunisia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Asset Management Associate in Tunisia with a high school education can earn an average salary of 31,660 TND.

  • Certificate or Diploma. An Asset Management Associate in Tunisia with a certificate or diploma education can earn an average salary of 44,140 TND.

  • Bachelor's Degree. An Asset Management Associate in Tunisia with a bachelor's degree education can earn an average salary of 58,720 TND.

Average Salary by Education Chart

High School
31,660 TND
Certificate or Diploma +43%
44,140 TND
Bachelor's Degree +38%
58,720 TND

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Tunisia is around 19,600 to 58,700 TND and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Asset Management Associate 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 Tunisia, a male asset management associate will earn an average of 46,160 TND, while a female asset management associate will earn around 42,400 TND.

This means that a male asset management associate earns approximately 9% more than a female asset management associate for performing the same job.

Average Salary by Gender Chart in Tunisia

Male
46,160 TND
Female -9%
42,400 TND

Asset Management Associate Average Pay Raise in Tunisia

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 an Asset Management Associate in Tunisia is around 9% every 21 months.

The national average pay raise across all professions and industries in Tunisia is around 8% every 19 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 ÷ 21 ) × 12  = 5%

What this means is that an Asset Management Associate in Tunisia can expect to receive an average pay raise of around 5% every 12 months.

Annual Pay Raise by Industry in Tunisia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Asset Management Associate Bonus and Incentive Rates in Tunisia

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.

An Asset Management Associate is a low bonus based job, with 49% of employees reporting at least one bonus in the last 12 months.

51% 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 3% to 5%.

Received Bonus
49%
No Bonus
51%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

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 Tunisia earn approximately 10% more than private sector employees in the same role.

Public Sector
50,240 TND
Private Sector -10%
45,560 TND

Salaries for Jobs Similar to an Asset Management Associate

In the table below, we have salary information for jobs that are similar to an Asset Management Associate in Tunisia.

Job Title Category Salary
Asset Protection Associate Purchasing and Inventory 42,040 TND
Asset Protection Specialist Purchasing and Inventory 43,080 TND
Assistant Buyer Purchasing and Inventory 39,960 TND
Buyer Purchasing and Inventory 66,000 TND
Capacity Planner Purchasing and Inventory 45,580 TND
Category Leader Purchasing and Inventory 45,580 TND
Category Management Specialist Purchasing and Inventory 47,120 TND
Category Manager Purchasing and Inventory 49,360 TND
Channel Services Representative Purchasing and Inventory 44,720 TND
Contracts Manager Purchasing and Inventory 52,540 TND
Contracts Specialist Purchasing and Inventory 44,720 TND
Demand Planner Purchasing and Inventory 45,580 TND
Demand Planning Manager Purchasing and Inventory 51,900 TND
Distribution Assistant Purchasing and Inventory 37,740 TND
Distribution Associate Purchasing and Inventory 39,960 TND
Distribution Manager Purchasing and Inventory 78,620 TND
Inventory Analyst Purchasing and Inventory 40,640 TND
Inventory Control Clerk Purchasing and Inventory 20,460 TND
Inventory Control Manager Purchasing and Inventory 57,900 TND
Inventory Management Associate Purchasing and Inventory 46,280 TND
Inventory Specialist Purchasing and Inventory 44,300 TND
Logistics Engineer Purchasing and Inventory 40,140 TND
Master Planner Purchasing and Inventory 42,040 TND
Material Handler Purchasing and Inventory 24,800 TND
Material Planning Specialist Purchasing and Inventory 34,120 TND
Merchandise Manager Purchasing and Inventory 49,820 TND
Procurement Administrator Purchasing and Inventory 49,020 TND
Procurement Agent Purchasing and Inventory 33,960 TND
Procurement Analyst Purchasing and Inventory 54,700 TND
Procurement Assistant Purchasing and Inventory 34,980 TND
Procurement Associate Purchasing and Inventory 44,780 TND
Procurement Clerk Purchasing and Inventory 19,380 TND
Procurement Engineer Purchasing and Inventory 44,800 TND
Procurement Manager Purchasing and Inventory 80,280 TND
Procurement Officer Purchasing and Inventory 20,520 TND
Procurement Process Analyst Purchasing and Inventory 50,020 TND
Procurement Specialist Purchasing and Inventory 37,800 TND
Production Planner Purchasing and Inventory 47,120 TND
Project Buyer Purchasing and Inventory 50,540 TND
Purchaser Purchasing and Inventory 64,200 TND
Purchasing Agent Purchasing and Inventory 35,520 TND
Purchasing Assistant Purchasing and Inventory 23,660 TND
Purchasing Manager Purchasing and Inventory 88,240 TND
Purchasing Officer Purchasing and Inventory 40,140 TND
Purchasing Supervisor Purchasing and Inventory 58,280 TND
Shipping and Receiving Clerk Purchasing and Inventory 21,020 TND
Shipping Coordinator Purchasing and Inventory 42,460 TND
Stock Clerk Purchasing and Inventory 20,460 TND
Stock Regulator Purchasing and Inventory 23,080 TND
Storage Manager Purchasing and Inventory 50,540 TND
Store Keeper Purchasing and Inventory 21,400 TND
Stores and Logistics Coordinator Purchasing and Inventory 43,520 TND
Supply Chain Analyst Purchasing and Inventory 58,000 TND
Supply Chain Coordinator Purchasing and Inventory 46,720 TND
Supply Chain Development Manager Purchasing and Inventory 82,200 TND
Supply Chain Director Purchasing and Inventory 86,760 TND
Supply Chain Manager Purchasing and Inventory 86,760 TND
Supply Planner Purchasing and Inventory 38,780 TND
Warehouse Assistant Purchasing and Inventory 17,560 TND
Warehouse Clerk Purchasing and Inventory 15,920 TND
Warehouse Executive Purchasing and Inventory 73,820 TND
Warehouse Lead Purchasing and Inventory 46,880 TND
Warehouse Manager Purchasing and Inventory 73,980 TND
Warehouse Supervisor Purchasing and Inventory 52,540 TND
Wholesale Buyer Purchasing and Inventory 64,200 TND

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