Average Business Manager Salary in Bangladesh for 2024

In this article, we will look at the average Business Manager salary for 2024 in Bangladesh 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 Bangladeshi taka. To keep things simple, we are using the BDT currency code instead of the currency symbol ৳.

How Much Does a Business Manager Make in Bangladesh?

A Business Manager working in Bangladesh will typically earn around 457,300 BDT per year, and this can range from the lowest average salary of about 209,700 BDT to the highest average salary of 725,700 BDT.

Average Annual Salary
457,300 BDT
Average Monthly Salary
38,108 BDT

Lowest Annual Salary
209,700 BDT
Lowest Monthly Salary
17,475 BDT

Highest Annual Salary
725,700 BDT
Highest Monthly Salary
60,475 BDT

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

Business 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 Business Manager Salaries in Bangladesh

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

Salary ranges

We already know that a Business Manager can earn between 209,700 BDT and 725,700 BDT on average in Bangladesh. 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 Manager in Bangladesh is 492,700 BDT. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 492,700 BDT, and 50% of the population earn more than 492,700 BDT.

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 Manager salary in Bangladesh, 25% of the population are earning less than 315,900 BDT while 75% of the population earn more than 315,900 BDT.

75% of the population earn less than 658,300 BDT, and 25% of the population earn more than 658,300 BDT.

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 Manager Salary by Experience Level in Bangladesh

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 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. A Business Manager in Bangladesh that has less than two years of experience can expect to earn somewhere in the region of 238,900 BDT.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Manager salary would increase to 317,700 BDT.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Manager, the average salary would be 472,100 BDT.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 575,100 BDT.
  • 15 - 20 Years Experience. A Business Manager with 15 to 20 years of experience can earn an average of 626,800 BDT.
  • 20+ Years Experience. For a Business Manager with more than 20 years, the expected average salary increases to 679,200 BDT.

Average Salary by Experience Chart

0-2 Years
238,900 BDT
2-5 Years +34%
317,700 BDT
5-10 Years +48%
472,100 BDT
10-15 Years +22%
575,100 BDT
15-20 Years +9%
626,800 BDT
20+ Years +8%
679,200 BDT

Business Manager Salary by Education Level in Bangladesh

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 Manager in Bangladesh 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 Manager in Bangladesh with a high school education can earn an average salary of 294,700 BDT.

  • Certificate or Diploma. A Business Manager in Bangladesh with a certificate or diploma education can earn an average salary of 345,100 BDT.

  • Bachelor's Degree. A Business Manager in Bangladesh with a bachelor's degree education can earn an average salary of 498,000 BDT.

  • Master's Degree. A Business Manager in Bangladesh with a master's degree education can earn an average salary of 656,800 BDT.

Average Salary by Education Chart

High School
294,700 BDT
Certificate or Diploma +18%
345,100 BDT
Bachelor's Degree +45%
498,000 BDT
Master's Degree +31%
656,800 BDT

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 Bangladesh is around 130,000 to 390,000 BDT 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 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 Bangladesh, a male business manager will earn an average of 502,200 BDT, while a female business manager will earn around 414,000 BDT.

This means that a male business manager earns approximately 21% more than a female business manager for performing the same job.

Average Salary by Gender Chart in Bangladesh

Male
502,200 BDT
Female -21%
414,000 BDT

Business Manager Average Pay Raise in Bangladesh

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 Manager in Bangladesh is around 10% every 28 months.

The national average pay raise across all professions and industries in Bangladesh 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 = ( 10 ÷ 28 ) × 12  = 4%

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

Annual Pay Raise by Industry in Bangladesh for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Business Manager Bonus and Incentive Rates in Bangladesh

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 Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% 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
67%
No Bonus
33%

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 Bangladesh earn approximately 25% more than private sector employees in the same role.

Public Sector
345,700 BDT
Private Sector -25%
277,400 BDT

Salaries for Jobs Similar to a Business Manager

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

Job Title Category Salary
Assistant Business Development Manager Business Planning 411,400 BDT
Assistant Merchandise Planner Business Planning 254,800 BDT
Business Advisor Business Planning 397,900 BDT
Business Analyst Business Planning 401,300 BDT
Business Consultant Business Planning 398,300 BDT
Business Continuity Associate Business Planning 245,300 BDT
Business Developer Business Planning 245,300 BDT
Business Development Analyst Business Planning 277,400 BDT
Business Development Associate Business Planning 215,100 BDT
Business Development Coordinator Business Planning 209,700 BDT
Business Development Director Business Planning 552,400 BDT
Business Development Engineer Business Planning 314,500 BDT
Business Development Executive Business Planning 417,200 BDT
Business Development Manager Business Planning 518,900 BDT
Business Development Specialist Business Planning 359,900 BDT
Business Operations Specialist Business Planning 381,800 BDT
Business Process Writer Business Planning 221,500 BDT
Business Systems Analyst Business Planning 381,800 BDT
Capacity Planner Business Planning 267,100 BDT
Capacity Planning Supervisor Business Planning 363,000 BDT
Change Communications Analyst Business Planning 362,200 BDT
Change Control Analyst Business Planning 376,800 BDT
Change Impact Analyst Business Planning 385,300 BDT
Contracts Executive Business Planning 399,900 BDT
Corporate Strategy Analyst Business Planning 401,300 BDT
Cost Control Engineer Business Planning 243,000 BDT
Cost Controller Business Planning 281,500 BDT
Cost Estimator Business Planning 247,800 BDT
Data Executive Business Planning 204,000 BDT
Data Manager Business Planning 296,000 BDT
Data Processing Manager Business Planning 345,100 BDT
Development Researcher Business Planning 299,500 BDT
Director of Business Development Business Planning 552,400 BDT
Director of Production Planning Business Planning 472,000 BDT
Due Diligence Analyst Business Planning 420,800 BDT
Estimating Manager Business Planning 428,400 BDT
General Manager Business Planning 491,000 BDT
Incident Handler Business Planning 281,500 BDT
Incident Specialist Business Planning 352,000 BDT
Lean Consultant Business Planning 294,700 BDT
Manager Business Planning 544,800 BDT
Marketing and Business Development Manager Business Planning 485,300 BDT
Materials Planner Business Planning 174,000 BDT
Merchandise Assistant Business Planning 172,200 BDT
Merchandise Controller Business Planning 172,200 BDT
Merchandise Planner Business Planning 180,300 BDT
Operations Analyst Business Planning 369,300 BDT
Operations Manager Business Planning 404,600 BDT
Operations Research Analyst Business Planning 237,400 BDT
Planning and Reporting Manager Business Planning 430,500 BDT
Planning Director Business Planning 491,000 BDT
Project Administrator Business Planning 261,300 BDT
Project Manager Business Planning 394,500 BDT
Project Planner Business Planning 246,500 BDT
Research Assistant Business Planning 216,800 BDT
Research Engineer Business Planning 253,400 BDT
Research Officer Business Planning 197,600 BDT
Risk Management Specialist Business Planning 361,600 BDT
Scholarship Coordinator Business Planning 197,600 BDT
Store Planner Business Planning 196,800 BDT
Strategy Director Business Planning 553,800 BDT
Top Research and Development Executive Business Planning 605,700 BDT

Salary Comparison by City

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

City Average Salary
Barisal 466,300 BDT
Bogra 472,100 BDT
Chandpur 431,300 BDT
Chittagong 514,800 BDT
Coxs Bazar 414,000 BDT
Dhaka 518,300 BDT
Jamalpur 411,400 BDT
Jessore 433,800 BDT
Khulna 467,100 BDT
Rajshahi 485,300 BDT
St. Martin 388,100 BDT
Sylhet 460,500 BDT

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