Average Assistant Retail Store Manager Salary in Ivory Coast for 2024

In this article, we will look at the average Assistant Retail Store Manager salary for 2024 in Ivory Coast 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 West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does an Assistant Retail Store Manager Make in Ivory Coast?

An Assistant Retail Store Manager working in Ivory Coast will typically earn around 3,648,200 XOF per year, and this can range from the lowest average salary of about 1,716,600 XOF to the highest average salary of 5,771,600 XOF.

Average Annual Salary
3,648,200 XOF
Average Monthly Salary
304,016 XOF

Lowest Annual Salary
1,716,600 XOF
Lowest Monthly Salary
143,050 XOF

Highest Annual Salary
5,771,600 XOF
Highest Monthly Salary
480,966 XOF

These are average salaries for an Assistant Retail Store Manager in Ivory Coast and include benefits such as housing and transport. It's also possible for an Assistant Retail Store Manager to earn more or less than the average salaries shown above.

Assistant Retail Store Manager 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 Assistant Retail Store Manager Salaries in Ivory Coast

So we've looked at the average salaries an Assistant Retail Store Manager will earn in Ivory Coast. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Retail Store Manager can earn between 1,716,600 XOF and 5,771,600 XOF on average in Ivory Coast. 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 Assistant Retail Store Manager in Ivory Coast is 3,875,100 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,875,100 XOF, and 50% of the population earn more than 3,875,100 XOF.

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 Assistant Retail Store Manager salary in Ivory Coast, 25% of the population are earning less than 2,519,500 XOF while 75% of the population earn more than 2,519,500 XOF.

75% of the population earn less than 5,111,100 XOF, and 25% of the population earn more than 5,111,100 XOF.

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.

Assistant Retail Store Manager Salary by Experience Level in Ivory Coast

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 assistant retail store manager 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 Assistant Retail Store Manager in Ivory Coast that has less than two years of experience can expect to earn somewhere in the region of 1,980,600 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Retail Store Manager salary would increase to 2,734,500 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Retail Store Manager, the average salary would be 3,889,500 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,739,800 XOF.
  • 15 - 20 Years Experience. An Assistant Retail Store Manager with 15 to 20 years of experience can earn an average of 5,003,800 XOF.
  • 20+ Years Experience. For an Assistant Retail Store Manager with more than 20 years, the expected average salary increases to 5,447,200 XOF.

Average Salary by Experience Chart

0-2 Years
1,980,600 XOF
2-5 Years +38%
2,734,500 XOF
5-10 Years +42%
3,889,500 XOF
10-15 Years +22%
4,739,800 XOF
15-20 Years +6%
5,003,800 XOF
20+ Years +9%
5,447,200 XOF

Assistant Retail Store Manager Salary by Education Level in Ivory Coast

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 Assistant Retail Store Manager in Ivory Coast 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 Assistant Retail Store Manager in Ivory Coast with a high school education can earn an average salary of 2,362,300 XOF.

  • Certificate or Diploma. An Assistant Retail Store Manager in Ivory Coast with a certificate or diploma education can earn an average salary of 3,586,300 XOF.

  • Bachelor's Degree. An Assistant Retail Store Manager in Ivory Coast with a bachelor's degree education can earn an average salary of 5,363,700 XOF.

Average Salary by Education Chart

High School
2,362,300 XOF
Certificate or Diploma +51%
3,586,300 XOF
Bachelor's Degree +50%
5,363,700 XOF

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 Ivory Coast is around 1,690,000 to 5,060,000 XOF 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.

Assistant Retail Store Manager 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 Ivory Coast, a male assistant retail store manager will earn an average of 3,934,900 XOF, while a female assistant retail store manager will earn around 3,432,600 XOF.

This means that a male assistant retail store manager earns approximately 15% more than a female assistant retail store manager for performing the same job.

Average Salary by Gender Chart in Ivory Coast

Male
3,934,900 XOF
Female -15%
3,432,600 XOF

Assistant Retail Store Manager Average Pay Raise in Ivory Coast

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 Assistant Retail Store Manager in Ivory Coast is around 7% every 29 months.

The national average pay raise across all professions and industries in Ivory Coast 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that an Assistant Retail Store Manager in Ivory Coast can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Ivory Coast for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Assistant Retail Store Manager Bonus and Incentive Rates in Ivory Coast

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 Assistant Retail Store Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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%.

Received Bonus
65%
No Bonus
35%

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 Ivory Coast earn approximately 17% more than private sector employees in the same role.

Public Sector
4,403,400 XOF
Private Sector -17%
3,755,300 XOF

Salaries for Jobs Similar to an Assistant Retail Store Manager

In the table below, we have salary information for jobs that are similar to an Assistant Retail Store Manager in Ivory Coast.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 4,475,900 XOF
Account Officer Sales Retail and Wholesale 2,362,300 XOF
Area Manager Sales Retail and Wholesale 5,161,100 XOF
Area Sales Director Sales Retail and Wholesale 8,267,800 XOF
Area Sales Manager Sales Retail and Wholesale 6,289,900 XOF
Assisstant Store Supervisor Sales Retail and Wholesale 2,854,700 XOF
Assistant Department Manager Sales Retail and Wholesale 3,217,900 XOF
Branch Manager Sales Retail and Wholesale 4,762,300 XOF
Branch Supervisor Sales Retail and Wholesale 3,984,100 XOF
Cashier Sales Retail and Wholesale 1,510,400 XOF
Cashier Manager Sales Retail and Wholesale 3,432,600 XOF
Commercial Sales Manager Sales Retail and Wholesale 6,274,900 XOF
Corporate Sales Manager Sales Retail and Wholesale 5,591,900 XOF
Depot Manager Sales Retail and Wholesale 4,369,800 XOF
Depot Supervisor Sales Retail and Wholesale 4,249,700 XOF
Deputy Sales Manager Sales Retail and Wholesale 4,414,800 XOF
Director of Sales Sales Retail and Wholesale 7,523,300 XOF
Distribution Director Sales Retail and Wholesale 5,305,100 XOF
District Leader Sales Retail and Wholesale 4,129,300 XOF
District Manager Sales Retail and Wholesale 4,895,800 XOF
District Sales Manager Sales Retail and Wholesale 4,810,800 XOF
External Sales Account Manager Sales Retail and Wholesale 4,654,300 XOF
Field Sales Representative Sales Retail and Wholesale 3,156,400 XOF
Furniture Sales Associate Sales Retail and Wholesale 2,161,200 XOF
Global Wholesale Manager Sales Retail and Wholesale 8,604,800 XOF
Head Cashier Sales Retail and Wholesale 3,061,300 XOF
Head of Direct Sales Sales Retail and Wholesale 6,035,400 XOF
Head of Retail Sales Retail and Wholesale 5,676,700 XOF
Head Teller Sales Retail and Wholesale 3,229,900 XOF
Inside Sales Sales Retail and Wholesale 2,460,900 XOF
Inside Sales Account Manager Sales Retail and Wholesale 3,934,900 XOF
Inside Sales Engineer Sales Retail and Wholesale 2,734,500 XOF
Inside Sales Executive Sales Retail and Wholesale 4,270,100 XOF
Inside Sales Representative Sales Retail and Wholesale 2,593,900 XOF
Internal Sales Manager Sales Retail and Wholesale 4,585,100 XOF
Inventory Manager Sales Retail and Wholesale 4,510,700 XOF
Key Account Manager Sales Retail and Wholesale 4,860,800 XOF
Medical Device Sales Sales Retail and Wholesale 3,733,300 XOF
Medical Device Sales Representative Sales Retail and Wholesale 3,564,300 XOF
Merchandiser Sales Retail and Wholesale 2,928,100 XOF
National Account Manager Sales Retail and Wholesale 6,600,900 XOF
National Customer Solution Specialist Sales Retail and Wholesale 5,518,700 XOF
National Sales Manager Sales Retail and Wholesale 8,638,900 XOF
Outside Sales Representative Sales Retail and Wholesale 3,071,100 XOF
Parts Salesperson Sales Retail and Wholesale 2,557,100 XOF
Project Development Manager Sales Retail and Wholesale 5,111,100 XOF
Project Manager Sales Retail and Wholesale 4,956,800 XOF
Project Sales Executive Sales Retail and Wholesale 4,860,800 XOF
Purchasing and Sales Executive Sales Retail and Wholesale 7,393,200 XOF
Quotation Engineer Sales Retail and Wholesale 2,566,100 XOF
Regional Sales Director Sales Retail and Wholesale 8,807,800 XOF
Regional Sales Manager Sales Retail and Wholesale 8,554,100 XOF
Relationship Manager Sales Retail and Wholesale 5,280,300 XOF
Retail Merchandiser Sales Retail and Wholesale 1,990,300 XOF
Retail Operations Manager Sales Retail and Wholesale 4,786,100 XOF
Retail Sales Associate Sales Retail and Wholesale 3,553,500 XOF
Retail Sales Representative Sales Retail and Wholesale 3,013,500 XOF
Retail Salesperson Sales Retail and Wholesale 2,508,300 XOF
Retail Store Manager Sales Retail and Wholesale 4,834,900 XOF
Retail Store Sales Person Sales Retail and Wholesale 2,629,100 XOF
Revenue Manager Sales Retail and Wholesale 4,585,100 XOF
Sales Account Manager Sales Retail and Wholesale 5,698,400 XOF
Sales Admin Executive Sales Retail and Wholesale 6,289,900 XOF
Sales Administration Manager Sales Retail and Wholesale 6,035,400 XOF
Sales Analyst Sales Retail and Wholesale 4,510,700 XOF
Sales Assistant Sales Retail and Wholesale 1,858,200 XOF
Sales Associate Sales Retail and Wholesale 2,593,900 XOF
Sales Consultant Sales Retail and Wholesale 3,792,300 XOF
Sales Coordinator Sales Retail and Wholesale 2,831,100 XOF
Sales Development Representative Sales Retail and Wholesale 3,205,100 XOF
Sales Director Sales Retail and Wholesale 7,669,900 XOF
Sales Engineer Sales Retail and Wholesale 2,844,200 XOF
Sales Executive Sales Retail and Wholesale 4,981,700 XOF
Sales Manager Sales Retail and Wholesale 6,709,300 XOF
Sales Officer Sales Retail and Wholesale 2,579,200 XOF
Sales Planner Sales Retail and Wholesale 4,187,600 XOF
Sales Planning Analyst Sales Retail and Wholesale 4,176,700 XOF
Sales Representative Sales Retail and Wholesale 2,662,900 XOF
Sales Service Associate Sales Retail and Wholesale 2,557,100 XOF
Sales Specialist Sales Retail and Wholesale 3,946,200 XOF
Sales Supervisor Sales Retail and Wholesale 4,211,600 XOF
Sales Support Sales Retail and Wholesale 1,896,700 XOF
Sales Support Manager Sales Retail and Wholesale 4,403,400 XOF
Sales Team Leader Sales Retail and Wholesale 4,249,700 XOF
Sales Trainer Sales Retail and Wholesale 4,799,700 XOF
Securities Sales Agent Sales Retail and Wholesale 4,558,700 XOF
Shipper / Receiver Sales Retail and Wholesale 1,908,800 XOF
Shop Manager Sales Retail and Wholesale 4,703,900 XOF
Store Development Administrator Sales Retail and Wholesale 3,312,100 XOF
Store Manager Sales Retail and Wholesale 4,895,800 XOF
Territory Sales Manager Sales Retail and Wholesale 6,780,300 XOF
Territory Sales Representative Sales Retail and Wholesale 3,622,400 XOF
Trade Marketing Officer Sales Retail and Wholesale 4,465,800 XOF
Treasury Officer Sales Retail and Wholesale 4,201,000 XOF
Vice President Sales Sales Retail and Wholesale 5,989,600 XOF
Visual Merchandiser Sales Retail and Wholesale 2,242,500 XOF

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