Average Business Development Executive Salary in Iraq for 2024

In this article, we will look at the average Business Development Executive salary for 2024 in Iraq 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 Iraqi dinar. To keep things simple, we are using the IQD currency code instead of the currency symbol ع.د.

How Much Does a Business Development Executive Make in Iraq?

A Business Development Executive working in Iraq will typically earn around 31,440,200 IQD per year, and this can range from the lowest average salary of about 16,679,800 IQD to the highest average salary of 47,758,300 IQD.

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

Business Development Executive 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 Development Executive Salaries in Iraq

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

Salary ranges

We already know that a Business Development Executive can earn between 16,679,800 IQD and 47,758,300 IQD on average in Iraq. 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 Development Executive in Iraq is 29,519,900 IQD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 29,519,900 IQD, and 50% of the population earn more than 29,519,900 IQD.

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 Development Executive salary in Iraq, 25% of the population are earning less than 20,760,500 IQD while 75% of the population earn more than 20,760,500 IQD.

75% of the population earn less than 36,358,600 IQD, and 25% of the population earn more than 36,358,600 IQD.

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 Development Executive Salary by Experience Level in Iraq

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 development executive 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 Development Executive in Iraq that has less than two years of experience can expect to earn somewhere in the region of 19,078,500 IQD.
• 2 - 5 Years Experience. With two to five years of experience the average Business Development Executive salary would increase to 23,520,800 IQD.
• 5 - 10 Years Experience. From five to ten years of experience as a Business Development Executive, the average salary would be 33,240,500 IQD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 38,878,700 IQD.
• 15 - 20 Years Experience. A Business Development Executive with 15 to 20 years of experience can earn an average of 42,719,800 IQD.
• 20+ Years Experience. For a Business Development Executive with more than 20 years, the expected average salary increases to 45,239,100 IQD.

Average Salary by Experience Chart

Business Development Executive Salary by Education Level in Iraq

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 Development Executive in Iraq 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 Development Executive in Iraq with a high school education can earn an average salary of 23,159,200 IQD.

• Certificate or Diploma. A Business Development Executive in Iraq with a certificate or diploma education can earn an average salary of 26,280,300 IQD.

• Bachelor's Degree. A Business Development Executive in Iraq with a bachelor's degree education can earn an average salary of 34,319,800 IQD.

• Master's Degree. A Business Development Executive in Iraq with a master's degree education can earn an average salary of 45,239,100 IQD.

Average Salary by Education Chart

Business Development Executive 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 Iraq, a male business development executive will earn an average of 33,240,500 IQD, while a female business development executive will earn around 28,318,900 IQD.

This means that a male business development executive earns approximately 17% more than a female business development executive for performing the same job.

Average Salary by Gender Chart in Iraq

Business Development Executive Average Pay Raise in Iraq

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 Development Executive in Iraq is around 12% every 19 months.

The national average pay raise across all professions and industries in Iraq is around 7% every 20 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 = ( 12 ÷ 19 ) × 12  = 8%

What this means is that a Business Development Executive in Iraq can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Iraq for 2024

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

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

Business Development Executive Bonus and Incentive Rates in Iraq

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 Development Executive is a high bonus based job, with 74% of employees reporting at least one bonus in the last 12 months.

26% 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 Iraq earn approximately 15% more than private sector employees in the same role.

Salaries for Jobs Similar to a Business Development Executive

In the table below, we have salary information for jobs that are similar to a Business Development Executive in Iraq.

Salary Comparison by City

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

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