Average Business Manager Salary in Northern Mariana Islands for 2024

In this article, we will look at the average Business Manager salary for 2024 in Northern Mariana Islands 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Business Manager Make in Northern Mariana Islands?

A Business Manager working in Northern Mariana Islands will typically earn around 35,520 USD per year, and this can range from the lowest average salary of about 16,880 USD to the highest average salary of 56,140 USD.

Average Annual Salary
35,520 USD
Average Monthly Salary
2,960 USD

Lowest Annual Salary
16,880 USD
Lowest Monthly Salary
1,406 USD

Highest Annual Salary
56,140 USD
Highest Monthly Salary
4,678 USD

These are average salaries for a Business Manager in Northern Mariana Islands 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 Northern Mariana Islands

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

Salary ranges

We already know that a Business Manager can earn between 16,880 USD and 56,140 USD on average in Northern Mariana Islands. 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 Northern Mariana Islands is 37,380 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 37,380 USD, and 50% of the population earn more than 37,380 USD.

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 Northern Mariana Islands, 25% of the population are earning less than 23,140 USD while 75% of the population earn more than 23,140 USD.

75% of the population earn less than 51,080 USD, and 25% of the population earn more than 51,080 USD.

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 Northern Mariana Islands

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 Northern Mariana Islands that has less than two years of experience can expect to earn somewhere in the region of 19,640 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Manager salary would increase to 23,260 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Manager, the average salary would be 35,000 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 43,520 USD.
  • 15 - 20 Years Experience. A Business Manager with 15 to 20 years of experience can earn an average of 48,160 USD.
  • 20+ Years Experience. For a Business Manager with more than 20 years, the expected average salary increases to 53,120 USD.

Average Salary by Experience Chart

0-2 Years
19,640 USD
2-5 Years +34%
23,260 USD
5-10 Years +48%
35,000 USD
10-15 Years +22%
43,520 USD
15-20 Years +9%
48,160 USD
20+ Years +8%
53,120 USD

Business Manager Salary by Education Level in Northern Mariana Islands

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 Northern Mariana Islands 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 Northern Mariana Islands with a high school education can earn an average salary of 22,420 USD.

  • Certificate or Diploma. A Business Manager in Northern Mariana Islands with a certificate or diploma education can earn an average salary of 26,080 USD.

  • Bachelor's Degree. A Business Manager in Northern Mariana Islands with a bachelor's degree education can earn an average salary of 38,060 USD.

  • Master's Degree. A Business Manager in Northern Mariana Islands with a master's degree education can earn an average salary of 50,020 USD.

Average Salary by Education Chart

High School
22,420 USD
Certificate or Diploma +18%
26,080 USD
Bachelor's Degree +45%
38,060 USD
Master's Degree +31%
50,020 USD

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 Northern Mariana Islands is around 9,930 to 29,800 USD 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 Northern Mariana Islands, a male business manager will earn an average of 36,020 USD, while a female business manager will earn around 32,200 USD.

This means that a male business manager earns approximately 12% more than a female business manager for performing the same job.

Average Salary by Gender Chart in Northern Mariana Islands

Male
36,020 USD
Female -12%
32,200 USD

Business Manager Average Pay Raise in Northern Mariana Islands

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 Northern Mariana Islands is around 9% every 29 months.

The national average pay raise across all professions and industries in Northern Mariana Islands 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 ÷ 29 ) × 12  = 4%

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

Annual Pay Raise by Industry in Northern Mariana Islands for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Business Manager Bonus and Incentive Rates in Northern Mariana Islands

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 Northern Mariana Islands earn approximately 16% more than private sector employees in the same role.

Public Sector
27,040 USD
Private Sector -16%
23,400 USD

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 Northern Mariana Islands.

Job Title Category Salary
Assistant Business Development Manager Business Planning 33,120 USD
Assistant Merchandise Planner Business Planning 19,220 USD
Business Advisor Business Planning 27,020 USD
Business Analyst Business Planning 31,660 USD
Business Consultant Business Planning 29,840 USD
Business Continuity Associate Business Planning 17,760 USD
Business Developer Business Planning 20,300 USD
Business Development Analyst Business Planning 21,640 USD
Business Development Associate Business Planning 14,840 USD
Business Development Coordinator Business Planning 18,260 USD
Business Development Director Business Planning 38,340 USD
Business Development Engineer Business Planning 24,820 USD
Business Development Executive Business Planning 31,540 USD
Business Development Manager Business Planning 38,680 USD
Business Development Specialist Business Planning 27,620 USD
Business Operations Specialist Business Planning 28,180 USD
Business Process Writer Business Planning 16,720 USD
Business Systems Analyst Business Planning 29,540 USD
Capacity Planner Business Planning 21,380 USD
Capacity Planning Supervisor Business Planning 25,660 USD
Change Communications Analyst Business Planning 24,860 USD
Change Control Analyst Business Planning 27,620 USD
Change Impact Analyst Business Planning 26,500 USD
Contracts Executive Business Planning 26,500 USD
Corporate Strategy Analyst Business Planning 31,540 USD
Cost Control Engineer Business Planning 19,200 USD
Cost Controller Business Planning 20,000 USD
Cost Estimator Business Planning 17,740 USD
Data Executive Business Planning 14,840 USD
Data Manager Business Planning 23,520 USD
Data Processing Manager Business Planning 26,080 USD
Development Researcher Business Planning 20,760 USD
Director of Business Development Business Planning 43,480 USD
Director of Production Planning Business Planning 34,380 USD
Due Diligence Analyst Business Planning 29,320 USD
Estimating Manager Business Planning 33,960 USD
General Manager Business Planning 35,520 USD
Incident Handler Business Planning 21,540 USD
Incident Specialist Business Planning 22,340 USD
Lean Consultant Business Planning 21,980 USD
Manager Business Planning 39,800 USD
Marketing and Business Development Manager Business Planning 36,160 USD
Materials Planner Business Planning 12,120 USD
Merchandise Assistant Business Planning 12,180 USD
Merchandise Controller Business Planning 13,700 USD
Merchandise Planner Business Planning 11,040 USD
Operations Analyst Business Planning 23,700 USD
Operations Manager Business Planning 30,840 USD
Operations Research Analyst Business Planning 15,700 USD
Planning and Reporting Manager Business Planning 31,940 USD
Planning Director Business Planning 39,960 USD
Project Administrator Business Planning 16,980 USD
Project Manager Business Planning 29,320 USD
Project Planner Business Planning 15,700 USD
Research Assistant Business Planning 15,760 USD
Research Engineer Business Planning 16,140 USD
Research Officer Business Planning 14,200 USD
Risk Management Specialist Business Planning 25,720 USD
Scholarship Coordinator Business Planning 14,660 USD
Store Planner Business Planning 12,000 USD
Strategy Director Business Planning 37,800 USD
Top Research and Development Executive Business Planning 45,200 USD

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