Average Brokerage Salary in Libya for 2024

In this article, we will look at the average Brokerage salary for 2024 in Libya 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 Libyan dinar. To keep things simple, we are using the LYD currency code instead of the currency symbol ู„.ุฏ.

How Much Does a Brokerage Make in Libya?

A Brokerage working in Libya will typically earn around 24,840 LYD per year, and this can range from the lowest average salary of about 11,040 LYD to the highest average salary of 35,520 LYD.

Average Annual Salary
24,840 LYD
Average Monthly Salary
2,070 LYD

Lowest Annual Salary
11,040 LYD
Lowest Monthly Salary
920 LYD

Highest Annual Salary
35,520 LYD
Highest Monthly Salary
2,960 LYD

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

Brokerage 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 Brokerage Salaries in Libya

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

Salary ranges

We already know that a Brokerage can earn between 11,040 LYD and 35,520 LYD on average in Libya. 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 Brokerage in Libya is 20,000 LYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,000 LYD, and 50% of the population earn more than 20,000 LYD.

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 Brokerage salary in Libya, 25% of the population are earning less than 14,540 LYD while 75% of the population earn more than 14,540 LYD.

75% of the population earn less than 25,440 LYD, and 25% of the population earn more than 25,440 LYD.

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.

Brokerage Salary by Experience Level in Libya

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 brokerage 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 Brokerage in Libya that has less than two years of experience can expect to earn somewhere in the region of 12,240 LYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Brokerage salary would increase to 17,560 LYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Brokerage, the average salary would be 23,260 LYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 29,840 LYD.
  • 15 - 20 Years Experience. A Brokerage with 15 to 20 years of experience can earn an average of 32,620 LYD.
  • 20+ Years Experience. For a Brokerage with more than 20 years, the expected average salary increases to 31,520 LYD.

Average Salary by Experience Chart

0-2 Years
12,240 LYD
2-5 Years +23%
17,560 LYD
5-10 Years +42%
23,260 LYD
10-15 Years +17%
29,840 LYD
15-20 Years +10%
32,620 LYD
20+ Years +6%
31,520 LYD

Brokerage Salary by Education Level in Libya

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 Brokerage in Libya 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 Brokerage in Libya with a high school education can earn an average salary of 17,560 LYD.

  • Certificate or Diploma. A Brokerage in Libya with a certificate or diploma education can earn an average salary of 22,400 LYD.

  • Bachelor's Degree. A Brokerage in Libya with a bachelor's degree education can earn an average salary of 34,480 LYD.

Average Salary by Education Chart

High School
17,560 LYD
Certificate or Diploma +40%
22,400 LYD
Bachelor's Degree +42%
34,480 LYD

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 Libya is around 11,400 to 34,300 LYD 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.

Brokerage 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 Libya, a male brokerage will earn an average of 23,260 LYD, while a female brokerage will earn around 19,060 LYD.

This means that a male brokerage earns approximately 22% more than a female brokerage for performing the same job.

Average Salary by Gender Chart in Libya

Male
23,260 LYD
Female -22%
19,060 LYD

Brokerage Average Pay Raise in Libya

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 Brokerage in Libya is around 7% every 28 months.

The national average pay raise across all professions and industries in Libya 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Brokerage in Libya can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Libya for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Brokerage Bonus and Incentive Rates in Libya

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 Brokerage is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 1% to 3%.

Received Bonus
9%
No Bonus
91%

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 Libya earn approximately 5% more than private sector employees in the same role.

Public Sector
28,720 LYD
Private Sector -5%
27,300 LYD

Salaries for Jobs Similar to a Brokerage

In the table below, we have salary information for jobs that are similar to a Brokerage in Libya.

Job Title Category Salary
Acquisition Associate Real Estate 22,540 LYD
Assistant Leasing Manager Real Estate 31,340 LYD
Assistant Property Manager Real Estate 29,600 LYD
Brokerage Clerk Real Estate 12,620 LYD
Commercial Leasing Manager Real Estate 46,880 LYD
Commercial Real Estate Manager Real Estate 50,540 LYD
Community Development Manager Real Estate 44,180 LYD
Compliance Specialist Real Estate 22,420 LYD
Development Coordinator Real Estate 22,420 LYD
Director of Real Estate Real Estate 51,900 LYD
Lease Administrator Real Estate 31,400 LYD
Leasing Agent Real Estate 22,400 LYD
Leasing Consultant Real Estate 27,560 LYD
Leasing Manager Real Estate 29,600 LYD
Lettings Assistant Real Estate 12,180 LYD
Portfolio Analyst Real Estate 42,320 LYD
Portfolio Manager Real Estate 52,380 LYD
Property Acquisition Agent Real Estate 21,400 LYD
Property and Claims Specialist Real Estate 30,800 LYD
Property Manager Real Estate 38,180 LYD
Property Operations Manager Real Estate 50,080 LYD
Property Tax Assistant Real Estate 23,080 LYD
Real Estate Administrator Real Estate 28,820 LYD
Real Estate Agent Real Estate 23,660 LYD
Real Estate Analyst Real Estate 31,340 LYD
Real Estate Appraiser Real Estate 22,400 LYD
Real Estate Appraiser Real Estate 24,800 LYD
Real Estate Appraiser Real Estate 26,080 LYD
Real Estate Assistant Real Estate 24,820 LYD
Real Estate Association Manager Real Estate 33,440 LYD
Real Estate Broker Real Estate 22,420 LYD
Real Estate General Manager Real Estate 48,760 LYD
Real Estate Project Director Real Estate 47,120 LYD
Real Estate Project Manager Real Estate 43,260 LYD
Real Estate Sales Agent Real Estate 23,360 LYD
Real Estate Valuer Real Estate 27,020 LYD
Research Analyst Real Estate 21,380 LYD
Residential Advisor Real Estate 26,400 LYD
Residential Property Manager Real Estate 35,520 LYD
Shopping Center Manager Real Estate 49,300 LYD
Town Planner Real Estate 47,720 LYD

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