Average Associate Product Manager Salary in Mongolia for 2024

In this article, we will look at the average Associate Product Manager salary for 2024 in Mongolia 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 Mongolian tögrög. To keep things simple, we are using the MNT currency code instead of the currency symbol ₮.

How Much Does an Associate Product Manager Make in Mongolia?

An Associate Product Manager working in Mongolia will typically earn around 29,399,100 MNT per year, and this can range from the lowest average salary of about 13,798,900 MNT to the highest average salary of 46,560,900 MNT.

Average Annual Salary
29,399,100 MNT
Average Monthly Salary
2,449,925 MNT

Lowest Annual Salary
13,798,900 MNT
Lowest Monthly Salary
1,149,908 MNT

Highest Annual Salary
46,560,900 MNT
Highest Monthly Salary
3,880,075 MNT

These are average salaries for an Associate Product Manager in Mongolia 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 Mongolia

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

Salary ranges

We already know that an Associate Product Manager can earn between 13,798,900 MNT and 46,560,900 MNT on average in Mongolia. 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 Mongolia is 31,201,500 MNT. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 31,201,500 MNT, and 50% of the population earn more than 31,201,500 MNT.

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 Mongolia, 25% of the population are earning less than 20,281,100 MNT while 75% of the population earn more than 20,281,100 MNT.

75% of the population earn less than 41,158,900 MNT, and 25% of the population earn more than 41,158,900 MNT.

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 Mongolia

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 Mongolia that has less than two years of experience can expect to earn somewhere in the region of 15,960,700 MNT.
  • 2 - 5 Years Experience. With two to five years of experience the average Associate Product Manager salary would increase to 21,961,700 MNT.
  • 5 - 10 Years Experience. From five to ten years of experience as an Associate Product Manager, the average salary would be 31,320,700 MNT.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 38,158,300 MNT.
  • 15 - 20 Years Experience. An Associate Product Manager with 15 to 20 years of experience can earn an average of 40,321,500 MNT.
  • 20+ Years Experience. For an Associate Product Manager with more than 20 years, the expected average salary increases to 43,921,700 MNT.

Average Salary by Experience Chart

0-2 Years
15,960,700 MNT
2-5 Years +38%
21,961,700 MNT
5-10 Years +42%
31,320,700 MNT
10-15 Years +22%
38,158,300 MNT
15-20 Years +6%
40,321,500 MNT
20+ Years +9%
43,921,700 MNT

Associate Product Manager Salary by Education Level in Mongolia

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 Mongolia 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 Mongolia with a high school education can earn an average salary of 19,678,200 MNT.

  • Certificate or Diploma. An Associate Product Manager in Mongolia with a certificate or diploma education can earn an average salary of 23,040,200 MNT.

  • Bachelor's Degree. An Associate Product Manager in Mongolia with a bachelor's degree education can earn an average salary of 33,481,400 MNT.

  • Master's Degree. An Associate Product Manager in Mongolia with a master's degree education can earn an average salary of 43,921,700 MNT.

Average Salary by Education Chart

High School
19,678,200 MNT
Certificate or Diploma +17%
23,040,200 MNT
Bachelor's Degree +45%
33,481,400 MNT
Master's Degree +31%
43,921,700 MNT

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 Mongolia is around 9,750,000 to 29,300,000 MNT 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 Mongolia, a male associate product manager will earn an average of 30,600,900 MNT, while a female associate product manager will earn around 28,439,500 MNT.

This means that a male associate product manager earns approximately 8% more than a female associate product manager for performing the same job.

Average Salary by Gender Chart in Mongolia

Male
30,600,900 MNT
Female -8%
28,439,500 MNT

Associate Product Manager Average Pay Raise in Mongolia

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 Mongolia is around 8% every 29 months.

The national average pay raise across all professions and industries in Mongolia 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that an Associate Product Manager in Mongolia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Mongolia for 2024

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

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%

Associate Product Manager Bonus and Incentive Rates in Mongolia

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 66% of employees reporting at least one bonus in the last 12 months.

34% 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
66%
No Bonus
34%

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

Public Sector
25,561,400 MNT
Private Sector -18%
21,719,900 MNT

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 Mongolia.

Job Title Category Salary
Account Handler Marketing 19,799,400 MNT
Affiliate Manager Marketing 26,280,300 MNT
Analytics Specialist Marketing 19,439,300 MNT
Assistant Brand Manager Marketing 25,321,400 MNT
Assistant Product Manager Marketing 29,761,800 MNT
Associate Marketing Manager Marketing 29,041,200 MNT
Brand Ambassador Marketing 33,360,800 MNT
Brand Director Marketing 44,161,600 MNT
Brand Executive Marketing 40,439,700 MNT
Brand Manager Marketing 38,399,900 MNT
Business Analytics Specialist Marketing 19,078,500 MNT
Business Channel Manager Marketing 26,399,200 MNT
Business Intelligence Team Leader Marketing 26,158,200 MNT
Campaign Specialist Marketing 25,321,400 MNT
Chief Marketing Officer Marketing 43,081,400 MNT
Chief Product Officer Marketing 36,960,300 MNT
Communications Officer Marketing 12,361,500 MNT
Content Manager Marketing 20,999,200 MNT
Content Marketing Strategist Marketing 24,718,600 MNT
Copy Editer Marketing 15,480,300 MNT
Copy Writer Marketing 16,198,300 MNT
Creative Marketing Lead Marketing 25,079,200 MNT
Creative Writer Marketing 16,198,300 MNT
Digital Marketer Marketing 24,239,000 MNT
Digital Marketing Manager Marketing 32,161,000 MNT
Digital Marketing Strategist Marketing 30,240,200 MNT
Digital Media Specialist Marketing 28,679,900 MNT
Director of Marketing Marketing 40,921,600 MNT
Director of Research Marketing 29,881,100 MNT
eMarketing Manager Marketing 33,721,200 MNT
Event Marketing Marketing 30,240,200 MNT
Head of Executive Search Marketing 35,039,300 MNT
Key Affiliate Manager Marketing 29,041,200 MNT
Localization Manager Marketing 28,318,900 MNT
Market Development Executive Marketing 32,519,500 MNT
Market Development Manager Marketing 33,721,200 MNT
Market Research Analyst Marketing 25,919,400 MNT
Market Research Manager Marketing 29,399,100 MNT
Market Segmentation Director Marketing 31,800,300 MNT
Marketing Account Supervisor Marketing 25,200,800 MNT
Marketing Administrator Marketing 20,999,200 MNT
Marketing Advisor Marketing 23,159,200 MNT
Marketing Analyst Marketing 25,801,200 MNT
Marketing and Communications Officer Marketing 14,760,200 MNT
Marketing and Sales Head Marketing 44,040,700 MNT
Marketing Assistant Marketing 13,441,600 MNT
Marketing Associate Marketing 13,679,300 MNT
Marketing Communications Manager Marketing 28,439,500 MNT
Marketing Consultant Marketing 29,399,100 MNT
Marketing Coordinator Marketing 12,958,200 MNT
Marketing Director Marketing 40,079,600 MNT
Marketing Distribution Executive Marketing 32,161,000 MNT
Marketing Executive Marketing 34,679,400 MNT
Marketing Manager Marketing 43,198,900 MNT
Marketing Officer Marketing 13,919,600 MNT
Marketing Segment Manager Marketing 30,600,900 MNT
Marketing Specialist Marketing 19,678,200 MNT
Marketing Supervisor Marketing 23,878,400 MNT
Marketing Vice President Marketing 33,481,400 MNT
Marketing Writer Marketing 16,439,200 MNT
Online Marketing Analyst Marketing 22,198,500 MNT
Online Marketing Manager Marketing 28,801,400 MNT
Optimization Manager Marketing 27,118,300 MNT
Outbound Sales Marketing 19,439,300 MNT
Outreach Coordinator Marketing 17,879,000 MNT
Outreach Specialist Marketing 21,961,700 MNT
Product Development Marketing 29,641,500 MNT
Product Manager Marketing 34,919,600 MNT
Product Marketing Engineer Marketing 17,159,700 MNT
Product Marketing Executive Marketing 30,841,400 MNT
Product Marketing Manager Marketing 30,119,100 MNT
Product Researcher Marketing 16,561,800 MNT
Product Strategist Marketing 24,000,900 MNT
Product Strategy Researcher Marketing 23,638,700 MNT
Product Training Specialist Marketing 20,760,500 MNT
Project Manager Marketing 24,718,600 MNT
Publications Coordinator Marketing 15,118,700 MNT
Research Executive Marketing 28,801,400 MNT
Sales and Marketing Assistant Marketing 13,079,500 MNT
Sales and Marketing Coordinator Marketing 13,679,300 MNT
Sales and Marketing Director Marketing 43,921,700 MNT
Sales Director Marketing 40,199,100 MNT
Sales Management Support Marketing 13,919,600 MNT
Sales Manager Marketing 39,600,100 MNT
Search Marketing Strategist Marketing 33,481,400 MNT
Social Media Administrator Marketing 23,399,000 MNT
Social Media Specialist Marketing 23,759,100 MNT
Spaceman Analyst Marketing 13,079,500 MNT
Sponsorship Consultant Marketing 22,441,700 MNT
Team Leader Marketing 24,841,800 MNT
Telemarketer Marketing 12,721,300 MNT
Trade Marketing Executive Marketing 31,678,800 MNT
Trade Marketing Manager Marketing 32,639,300 MNT
Trade Marketing Professional Marketing 25,200,800 MNT
Trade Marketing Specialist Marketing 19,078,500 MNT
Web Analytics Manager Marketing 27,118,300 MNT
Web Content Manager Marketing 25,321,400 MNT

Salary Comparison by City

If you want to compare salaries with different cities in Mongolia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Ulan Bator 31,559,900 MNT

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