Average Business Consultant Salary in Gambia for 2024

In this article, we will look at the average Business Consultant salary for 2024 in Gambia 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 dalasi. To keep things simple, we are using the GMD currency code instead of the currency symbol D.

How Much Does a Business Consultant Make in Gambia?

A Business Consultant working in Gambia will typically earn around 217,900 GMD per year, and this can range from the lowest average salary of about 107,820 GMD to the highest average salary of 340,400 GMD.

Average Annual Salary
217,900 GMD
Average Monthly Salary
18,158 GMD

Lowest Annual Salary
107,820 GMD
Lowest Monthly Salary
8,985 GMD

Highest Annual Salary
340,400 GMD
Highest Monthly Salary
28,366 GMD

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

Business Consultant 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 Business Consultant Salaries in Gambia

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

Salary ranges

We already know that a Business Consultant can earn between 107,820 GMD and 340,400 GMD on average in Gambia. 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 Business Consultant in Gambia is 222,300 GMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 222,300 GMD, and 50% of the population earn more than 222,300 GMD.

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 Business Consultant salary in Gambia, 25% of the population are earning less than 150,000 GMD while 75% of the population earn more than 150,000 GMD.

75% of the population earn less than 288,100 GMD, and 25% of the population earn more than 288,100 GMD.

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.

Business Consultant Salary by Experience Level in Gambia

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 business consultant 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 Business Consultant in Gambia that has less than two years of experience can expect to earn somewhere in the region of 125,700 GMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Consultant salary would increase to 161,600 GMD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Consultant, the average salary would be 225,700 GMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 277,400 GMD.
  • 15 - 20 Years Experience. A Business Consultant with 15 to 20 years of experience can earn an average of 297,000 GMD.
  • 20+ Years Experience. For a Business Consultant with more than 20 years, the expected average salary increases to 318,800 GMD.

Average Salary by Experience Chart

0-2 Years
125,700 GMD
2-5 Years +29%
161,600 GMD
5-10 Years +38%
225,700 GMD
10-15 Years +24%
277,400 GMD
15-20 Years +7%
297,000 GMD
20+ Years +7%
318,800 GMD

Business Consultant Salary by Education Level in Gambia

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 Business Consultant in Gambia 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 Business Consultant in Gambia with a high school education can earn an average salary of 159,100 GMD.

  • Certificate or Diploma. A Business Consultant in Gambia with a certificate or diploma education can earn an average salary of 181,600 GMD.

  • Bachelor's Degree. A Business Consultant in Gambia with a bachelor's degree education can earn an average salary of 245,300 GMD.

  • Master's Degree. A Business Consultant in Gambia with a master's degree education can earn an average salary of 308,900 GMD.

Average Salary by Education Chart

High School
159,100 GMD
Certificate or Diploma +15%
181,600 GMD
Bachelor's Degree +35%
245,300 GMD
Master's Degree +26%
308,900 GMD

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 Gambia is around 79,500 to 239,000 GMD 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.

Business Consultant 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 Gambia, a male business consultant will earn an average of 227,600 GMD, while a female business consultant will earn around 205,700 GMD.

This means that a male business consultant earns approximately 11% more than a female business consultant for performing the same job.

Average Salary by Gender Chart in Gambia

Male
227,600 GMD
Female -11%
205,700 GMD

Business Consultant Average Pay Raise in Gambia

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 Business Consultant in Gambia is around 9% every 28 months.

The national average pay raise across all professions and industries in Gambia 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Business Consultant in Gambia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Gambia for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Business Consultant Bonus and Incentive Rates in Gambia

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 Business Consultant is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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
64%
No Bonus
36%

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 Gambia earn approximately 11% more than private sector employees in the same role.

Public Sector
205,700 GMD
Private Sector -11%
185,100 GMD

Salaries for Jobs Similar to a Business Consultant

In the table below, we have salary information for jobs that are similar to a Business Consultant in Gambia.

Job Title Category Salary
Assistant Business Development Manager Business Planning 254,700 GMD
Assistant Merchandise Planner Business Planning 138,200 GMD
Business Advisor Business Planning 237,400 GMD
Business Analyst Business Planning 228,000 GMD
Business Continuity Associate Business Planning 138,800 GMD
Business Developer Business Planning 150,000 GMD
Business Development Analyst Business Planning 172,200 GMD
Business Development Associate Business Planning 113,560 GMD
Business Development Coordinator Business Planning 128,900 GMD
Business Development Director Business Planning 325,800 GMD
Business Development Engineer Business Planning 175,900 GMD
Business Development Executive Business Planning 228,500 GMD
Business Development Manager Business Planning 296,000 GMD
Business Development Specialist Business Planning 217,900 GMD
Business Manager Business Planning 259,100 GMD
Business Operations Specialist Business Planning 207,700 GMD
Business Process Writer Business Planning 125,100 GMD
Business Systems Analyst Business Planning 218,900 GMD
Capacity Planner Business Planning 164,200 GMD
Capacity Planning Supervisor Business Planning 216,800 GMD
Change Communications Analyst Business Planning 209,700 GMD
Change Control Analyst Business Planning 209,700 GMD
Change Impact Analyst Business Planning 207,700 GMD
Contracts Executive Business Planning 209,500 GMD
Corporate Strategy Analyst Business Planning 221,500 GMD
Cost Control Engineer Business Planning 143,200 GMD
Cost Controller Business Planning 159,100 GMD
Cost Estimator Business Planning 151,800 GMD
Data Executive Business Planning 119,700 GMD
Data Manager Business Planning 172,200 GMD
Data Processing Manager Business Planning 209,500 GMD
Development Researcher Business Planning 168,100 GMD
Director of Business Development Business Planning 309,800 GMD
Director of Production Planning Business Planning 263,900 GMD
Due Diligence Analyst Business Planning 246,200 GMD
Estimating Manager Business Planning 245,300 GMD
General Manager Business Planning 266,000 GMD
Incident Handler Business Planning 152,300 GMD
Incident Specialist Business Planning 185,100 GMD
Lean Consultant Business Planning 168,100 GMD
Manager Business Planning 301,800 GMD
Marketing and Business Development Manager Business Planning 271,300 GMD
Materials Planner Business Planning 95,720 GMD
Merchandise Assistant Business Planning 99,460 GMD
Merchandise Controller Business Planning 98,820 GMD
Merchandise Planner Business Planning 95,860 GMD
Operations Analyst Business Planning 214,000 GMD
Operations Manager Business Planning 237,400 GMD
Operations Research Analyst Business Planning 142,300 GMD
Planning and Reporting Manager Business Planning 254,700 GMD
Planning Director Business Planning 307,400 GMD
Project Administrator Business Planning 142,300 GMD
Project Manager Business Planning 237,400 GMD
Project Planner Business Planning 142,300 GMD
Research Assistant Business Planning 119,700 GMD
Research Engineer Business Planning 148,300 GMD
Research Officer Business Planning 106,820 GMD
Risk Management Specialist Business Planning 209,700 GMD
Scholarship Coordinator Business Planning 111,000 GMD
Store Planner Business Planning 104,060 GMD
Strategy Director Business Planning 325,600 GMD
Top Research and Development Executive Business Planning 341,400 GMD

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