Average Associate Product Manager Salary in Madagascar for 2024

In this article, we will look at the average Associate Product Manager salary for 2024 in Madagascar 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 Malagasy ariary. To keep things simple, we are using the MGA currency code instead of the currency symbol Ar.

How Much Does an Associate Product Manager Make in Madagascar?

An Associate Product Manager working in Madagascar will typically earn around 20,400,600 MGA per year, and this can range from the lowest average salary of about 10,835,000 MGA to the highest average salary of 31,081,900 MGA.

Average Annual Salary
20,400,600 MGA
Average Monthly Salary
1,700,050 MGA

Lowest Annual Salary
10,835,000 MGA
Lowest Monthly Salary
902,916 MGA

Highest Annual Salary
31,081,900 MGA
Highest Monthly Salary
2,590,158 MGA

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

Associate Product 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 Associate Product Manager Salaries in Madagascar

So we've looked at the average salaries an Associate Product Manager will earn in Madagascar. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Associate Product Manager can earn between 10,835,000 MGA and 31,081,900 MGA on average in Madagascar. 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 Associate Product Manager in Madagascar is 19,200,400 MGA. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 19,200,400 MGA, and 50% of the population earn more than 19,200,400 MGA.

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 Associate Product Manager salary in Madagascar, 25% of the population are earning less than 13,561,900 MGA while 75% of the population earn more than 13,561,900 MGA.

75% of the population earn less than 23,638,700 MGA, and 25% of the population earn more than 23,638,700 MGA.

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.

Associate Product Manager Salary by Experience Level in Madagascar

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 associate product 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 Associate Product Manager in Madagascar that has less than two years of experience can expect to earn somewhere in the region of 12,481,200 MGA.
  • 2 - 5 Years Experience. With two to five years of experience the average Associate Product Manager salary would increase to 15,238,200 MGA.
  • 5 - 10 Years Experience. From five to ten years of experience as an Associate Product Manager, the average salary would be 21,719,900 MGA.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 25,321,400 MGA.
  • 15 - 20 Years Experience. An Associate Product Manager with 15 to 20 years of experience can earn an average of 27,841,200 MGA.
  • 20+ Years Experience. For an Associate Product Manager with more than 20 years, the expected average salary increases to 29,399,100 MGA.

Average Salary by Experience Chart

0-2 Years
12,481,200 MGA
2-5 Years +23%
15,238,200 MGA
5-10 Years +42%
21,719,900 MGA
10-15 Years +17%
25,321,400 MGA
15-20 Years +10%
27,841,200 MGA
20+ Years +6%
29,399,100 MGA

Associate Product Manager Salary by Education Level in Madagascar

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 Associate Product Manager in Madagascar 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 Associate Product Manager in Madagascar with a high school education can earn an average salary of 15,118,700 MGA.

  • Certificate or Diploma. An Associate Product Manager in Madagascar with a certificate or diploma education can earn an average salary of 17,159,700 MGA.

  • Bachelor's Degree. An Associate Product Manager in Madagascar with a bachelor's degree education can earn an average salary of 22,321,900 MGA.

  • Master's Degree. An Associate Product Manager in Madagascar with a master's degree education can earn an average salary of 29,399,100 MGA.

Average Salary by Education Chart

High School
15,118,700 MGA
Certificate or Diploma +13%
17,159,700 MGA
Bachelor's Degree +31%
22,321,900 MGA
Master's Degree +32%
29,399,100 MGA

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 Madagascar is around 6,570,000 to 19,700,000 MGA 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.

Associate Product 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 Madagascar, a male associate product manager will earn an average of 21,478,100 MGA, while a female associate product manager will earn around 18,720,200 MGA.

This means that a male associate product manager earns approximately 15% more than a female associate product manager for performing the same job.

Average Salary by Gender Chart in Madagascar

Male
21,478,100 MGA
Female -15%
18,720,200 MGA

Associate Product Manager Average Pay Raise in Madagascar

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 Associate Product Manager in Madagascar is around 9% every 28 months.

The national average pay raise across all professions and industries in Madagascar is around 5% every 28 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 an Associate Product Manager in Madagascar can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Madagascar for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Associate Product Manager Bonus and Incentive Rates in Madagascar

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 Associate Product Manager is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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 6% to 8%.

Received Bonus
60%
No Bonus
40%

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 Madagascar earn approximately 18% more than private sector employees in the same role.

Public Sector
16,679,800 MGA
Private Sector -18%
14,158,800 MGA

Salaries for Jobs Similar to an Associate Product Manager

In the table below, we have salary information for jobs that are similar to an Associate Product Manager in Madagascar.

Job Title Category Salary
Account Handler Marketing 12,600,600 MGA
Affiliate Manager Marketing 16,799,900 MGA
Analytics Specialist Marketing 12,239,700 MGA
Assistant Brand Manager Marketing 18,958,500 MGA
Assistant Product Manager Marketing 20,639,100 MGA
Associate Marketing Manager Marketing 19,678,200 MGA
Brand Ambassador Marketing 25,079,200 MGA
Brand Director Marketing 30,841,400 MGA
Brand Executive Marketing 25,200,800 MGA
Brand Manager Marketing 25,561,400 MGA
Business Analytics Specialist Marketing 13,199,100 MGA
Business Channel Manager Marketing 18,001,100 MGA
Business Intelligence Team Leader Marketing 19,678,200 MGA
Campaign Specialist Marketing 16,079,800 MGA
Chief Marketing Officer Marketing 27,479,000 MGA
Chief Product Officer Marketing 27,118,300 MGA
Communications Officer Marketing 8,795,700 MGA
Content Manager Marketing 14,400,800 MGA
Content Marketing Strategist Marketing 17,399,400 MGA
Copy Editer Marketing 11,038,600 MGA
Copy Writer Marketing 10,258,100 MGA
Creative Marketing Lead Marketing 17,519,700 MGA
Creative Writer Marketing 11,173,600 MGA
Digital Marketer Marketing 15,118,700 MGA
Digital Marketing Manager Marketing 20,878,800 MGA
Digital Marketing Strategist Marketing 20,999,200 MGA
Digital Media Specialist Marketing 18,479,600 MGA
Director of Marketing Marketing 27,721,300 MGA
Director of Research Marketing 20,159,800 MGA
eMarketing Manager Marketing 21,841,900 MGA
Event Marketing Marketing 20,878,800 MGA
Head of Executive Search Marketing 23,878,400 MGA
Key Affiliate Manager Marketing 20,518,900 MGA
Localization Manager Marketing 18,720,200 MGA
Market Development Executive Marketing 21,719,900 MGA
Market Development Manager Marketing 22,918,100 MGA
Market Research Analyst Marketing 19,200,400 MGA
Market Research Manager Marketing 19,439,300 MGA
Market Segmentation Director Marketing 21,961,700 MGA
Marketing Account Supervisor Marketing 16,799,900 MGA
Marketing Administrator Marketing 13,919,600 MGA
Marketing Advisor Marketing 17,278,100 MGA
Marketing Analyst Marketing 16,799,900 MGA
Marketing and Communications Officer Marketing 10,463,500 MGA
Marketing and Sales Head Marketing 27,841,200 MGA
Marketing Assistant Marketing 9,528,200 MGA
Marketing Associate Marketing 8,915,100 MGA
Marketing Communications Manager Marketing 19,921,600 MGA
Marketing Consultant Marketing 21,478,100 MGA
Marketing Coordinator Marketing 8,701,100 MGA
Marketing Director Marketing 29,881,100 MGA
Marketing Distribution Executive Marketing 21,478,100 MGA
Marketing Executive Marketing 22,441,700 MGA
Marketing Manager Marketing 30,119,100 MGA
Marketing Officer Marketing 9,504,500 MGA
Marketing Segment Manager Marketing 20,159,800 MGA
Marketing Specialist Marketing 13,561,900 MGA
Marketing Supervisor Marketing 17,159,700 MGA
Marketing Vice President Marketing 23,520,800 MGA
Marketing Writer Marketing 10,475,000 MGA
Online Marketing Analyst Marketing 15,001,200 MGA
Online Marketing Manager Marketing 19,078,500 MGA
Optimization Manager Marketing 17,758,500 MGA
Outbound Sales Marketing 12,841,200 MGA
Outreach Coordinator Marketing 11,734,300 MGA
Outreach Specialist Marketing 15,719,900 MGA
Product Development Marketing 20,038,100 MGA
Product Manager Marketing 22,081,800 MGA
Product Marketing Engineer Marketing 12,361,500 MGA
Product Marketing Executive Marketing 21,841,900 MGA
Product Marketing Manager Marketing 22,198,500 MGA
Product Researcher Marketing 11,867,000 MGA
Product Strategist Marketing 16,799,900 MGA
Product Strategy Researcher Marketing 16,198,300 MGA
Product Training Specialist Marketing 13,561,900 MGA
Project Manager Marketing 16,439,200 MGA
Publications Coordinator Marketing 10,463,500 MGA
Research Executive Marketing 20,159,800 MGA
Sales and Marketing Assistant Marketing 8,352,700 MGA
Sales and Marketing Coordinator Marketing 9,239,600 MGA
Sales and Marketing Director Marketing 28,200,200 MGA
Sales Director Marketing 26,880,900 MGA
Sales Management Support Marketing 10,057,900 MGA
Sales Manager Marketing 26,040,800 MGA
Search Marketing Strategist Marketing 22,558,900 MGA
Social Media Administrator Marketing 16,198,300 MGA
Social Media Specialist Marketing 15,360,400 MGA
Spaceman Analyst Marketing 8,329,200 MGA
Sponsorship Consultant Marketing 15,360,400 MGA
Team Leader Marketing 16,799,900 MGA
Telemarketer Marketing 8,448,800 MGA
Trade Marketing Executive Marketing 22,321,900 MGA
Trade Marketing Manager Marketing 21,961,700 MGA
Trade Marketing Professional Marketing 17,278,100 MGA
Trade Marketing Specialist Marketing 11,998,600 MGA
Web Analytics Manager Marketing 17,640,500 MGA
Web Content Manager Marketing 17,879,000 MGA

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