Average Business Developer Salary in Gambia for 2024

In this article, we will look at the average Business Developer 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 Developer Make in Gambia?

A Business Developer working in Gambia will typically earn around 150,000 GMD per year, and this can range from the lowest average salary of about 78,500 GMD to the highest average salary of 227,600 GMD.

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

Business Developer 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 Developer Salaries in Gambia

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

Salary ranges

We already know that a Business Developer can earn between 78,500 GMD and 227,600 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 Developer in Gambia is 143,200 GMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 143,200 GMD, and 50% of the population earn more than 143,200 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 Developer salary in Gambia, 25% of the population are earning less than 101,020 GMD while 75% of the population earn more than 101,020 GMD.

75% of the population earn less than 175,900 GMD, and 25% of the population earn more than 175,900 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.

Business Developer 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 developer 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 Developer in Gambia that has less than two years of experience can expect to earn somewhere in the region of 86,640 GMD.
• 2 - 5 Years Experience. With two to five years of experience the average Business Developer salary would increase to 119,560 GMD.
• 5 - 10 Years Experience. From five to ten years of experience as a Business Developer, the average salary would be 152,300 GMD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 187,500 GMD.
• 15 - 20 Years Experience. A Business Developer with 15 to 20 years of experience can earn an average of 204,700 GMD.
• 20+ Years Experience. For a Business Developer with more than 20 years, the expected average salary increases to 212,500 GMD.

Average Salary by Experience Chart

Business Developer 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 Developer 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 Developer in Gambia with a high school education can earn an average salary of 106,160 GMD.

• Certificate or Diploma. A Business Developer in Gambia with a certificate or diploma education can earn an average salary of 119,900 GMD.

• Bachelor's Degree. A Business Developer in Gambia with a bachelor's degree education can earn an average salary of 172,200 GMD.

• Master's Degree. A Business Developer in Gambia with a master's degree education can earn an average salary of 207,800 GMD.

Average Salary by Education Chart

Business Developer 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 developer will earn an average of 159,100 GMD, while a female business developer will earn around 143,200 GMD.

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

Average Salary by Gender Chart in Gambia

Business Developer 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 Developer in Gambia is around 8% every 27 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 = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Business Developer 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.

Business Developer 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 Developer 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%.

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.

Salaries for Jobs Similar to a Business Developer

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

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