Average CEO Salary in Ethiopia for 2024

In this article, we will look at the average CEO salary for 2024 in Ethiopia 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 Ethiopian birr. To keep things simple, we are using the ETB currency code instead of the currency symbol Br.

How Much Does a CEO Make in Ethiopia?

A CEO working in Ethiopia will typically earn around 221,500 ETB per year, and this can range from the lowest average salary of about 111,240 ETB to the highest average salary of 349,300 ETB.

Average Annual Salary
221,500 ETB
Average Monthly Salary
18,458 ETB

Lowest Annual Salary
111,240 ETB
Lowest Monthly Salary
9,270 ETB

Highest Annual Salary
349,300 ETB
Highest Monthly Salary
29,108 ETB

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

CEO 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 CEO Salaries in Ethiopia

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

Salary ranges

We already know that a CEO can earn between 111,240 ETB and 349,300 ETB on average in Ethiopia. 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 CEO in Ethiopia is 227,600 ETB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 227,600 ETB, and 50% of the population earn more than 227,600 ETB.

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 CEO salary in Ethiopia, 25% of the population are earning less than 152,100 ETB while 75% of the population earn more than 152,100 ETB.

75% of the population earn less than 294,300 ETB, and 25% of the population earn more than 294,300 ETB.

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.

CEO Salary by Experience Level in Ethiopia

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 ceo 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 CEO in Ethiopia that has less than two years of experience can expect to earn somewhere in the region of 128,500 ETB.
  • 2 - 5 Years Experience. With two to five years of experience the average CEO salary would increase to 168,100 ETB.
  • 5 - 10 Years Experience. From five to ten years of experience as a CEO, the average salary would be 231,000 ETB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 283,700 ETB.
  • 15 - 20 Years Experience. A CEO with 15 to 20 years of experience can earn an average of 307,400 ETB.
  • 20+ Years Experience. For a CEO with more than 20 years, the expected average salary increases to 325,600 ETB.

Average Salary by Experience Chart

0-2 Years
128,500 ETB
2-5 Years +29%
168,100 ETB
5-10 Years +38%
231,000 ETB
10-15 Years +24%
283,700 ETB
15-20 Years +7%
307,400 ETB
20+ Years +7%
325,600 ETB

CEO Salary by Education Level in Ethiopia

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 CEO in Ethiopia 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 CEO in Ethiopia with a high school education can earn an average salary of 127,700 ETB.

  • Certificate or Diploma. A CEO in Ethiopia with a certificate or diploma education can earn an average salary of 151,800 ETB.

  • Bachelor's Degree. A CEO in Ethiopia with a bachelor's degree education can earn an average salary of 192,000 ETB.

  • Master's Degree. A CEO in Ethiopia with a master's degree education can earn an average salary of 292,000 ETB.

  • PhD. A CEO in Ethiopia with a phd education can earn an average salary of 344,600 ETB.

Average Salary by Education Chart

High School
127,700 ETB
Certificate or Diploma +19%
151,800 ETB
Bachelor's Degree +27%
192,000 ETB
Master's Degree +53%
292,000 ETB
PhD +19%
344,600 ETB

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 Ethiopia is around 44,500 to 133,000 ETB 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.

CEO 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 Ethiopia, a male ceo will earn an average of 232,400 ETB, while a female ceo will earn around 208,600 ETB.

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

Average Salary by Gender Chart in Ethiopia

Male
232,400 ETB
Female -11%
208,600 ETB

CEO Average Pay Raise in Ethiopia

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 CEO in Ethiopia is around 10% every 29 months.

The national average pay raise across all professions and industries in Ethiopia 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 = ( 10 ÷ 29 ) × 12  = 4%

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

Annual Pay Raise by Industry in Ethiopia for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

CEO Bonus and Incentive Rates in Ethiopia

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 CEO is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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
66%
No Bonus
34%

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

Public Sector
113,780 ETB
Private Sector -15%
99,080 ETB

Salaries for Jobs Similar to a CEO

In the table below, we have salary information for jobs that are similar to a CEO in Ethiopia.

Job Title Category Salary
Account Coordinator Executive and Management 96,500 ETB
Account Director Executive and Management 116,180 ETB
Account Executive Executive and Management 116,180 ETB
Account Manager Executive and Management 112,660 ETB
Administration Manager Executive and Management 116,540 ETB
Administration Officer Executive and Management 59,940 ETB
Administration Supervisor Executive and Management 99,340 ETB
Administrative Clerk Executive and Management 48,820 ETB
Administrative Officer Executive and Management 48,340 ETB
Area Director Executive and Management 112,560 ETB
Area Manager Executive and Management 107,320 ETB
Asset Protection Associate Executive and Management 128,500 ETB
Assistant Director Executive and Management 119,020 ETB
Assistant General Manager Executive and Management 125,100 ETB
Assistant Manager Executive and Management 128,900 ETB
Assistant Managing Director Executive and Management 138,200 ETB
Assistant Operations Manager Executive and Management 130,400 ETB
Assistant Project Manager Executive and Management 129,000 ETB
Assistant Section Head Executive and Management 99,460 ETB
Assistant to CEO Executive and Management 117,660 ETB
Assistant Vice President Executive and Management 134,600 ETB
Associate Account Director Executive and Management 125,100 ETB
Associate Director Executive and Management 125,100 ETB
Bid Manager Executive and Management 139,100 ETB
Branch Manager Executive and Management 136,100 ETB
Business Development Manager Executive and Management 152,300 ETB
Business Operations Associate Executive and Management 125,700 ETB
Business Operations Lead Executive and Management 125,700 ETB
Campaign Manager Executive and Management 138,800 ETB
Catering Coordinator Executive and Management 77,400 ETB
Catering Manager Executive and Management 119,700 ETB
Chairman of The Board Executive and Management 228,000 ETB
Chairman Office Manager Executive and Management 148,300 ETB
Chief Commercial Officer Executive and Management 161,300 ETB
Chief Corporate Officer Executive and Management 189,300 ETB
Chief Executive Officer Executive and Management 228,500 ETB
Chief Financial Officer Executive and Management 217,900 ETB
Chief Investment Officer Executive and Management 176,800 ETB
Chief of Staff Executive and Management 105,880 ETB
Chief Operating Officer Executive and Management 183,600 ETB
Chief Risk Officer Executive and Management 158,700 ETB
Client Account Manager Executive and Management 138,200 ETB
Client Accounts Officer Executive and Management 112,180 ETB
Client Services Manager Executive and Management 152,100 ETB
Commercial Director Executive and Management 157,600 ETB
Commercial Manager Executive and Management 137,400 ETB
Commercial Project Manager Executive and Management 125,100 ETB
Commodity Broker Executive and Management 99,220 ETB
COO Executive and Management 180,500 ETB
Corporate Affairs Executive Executive and Management 143,200 ETB
Corporate Compliance Director Executive and Management 152,300 ETB
Corporate Director Executive and Management 157,600 ETB
Corporate Officer Executive and Management 106,600 ETB
Corporate Partnerships Officer Executive and Management 114,940 ETB
Country Manager Executive and Management 183,700 ETB
Department Head Executive and Management 137,400 ETB
Department Manager Executive and Management 148,300 ETB
Department Supervisor Executive and Management 123,400 ETB
Deputy Director Executive and Management 172,400 ETB
Deputy Manager Executive and Management 161,300 ETB
Director Executive and Management 187,500 ETB
Director of Accreditation Executive and Management 158,700 ETB
Director of Catering Services Executive and Management 137,400 ETB
Director of Client Services Executive and Management 146,200 ETB
Director of Facilities Management Executive and Management 119,900 ETB
Director of Operations Executive and Management 150,000 ETB
Director of Process Simplification Executive and Management 117,520 ETB
Director of Product Management Executive and Management 158,700 ETB
Director of Project Management Executive and Management 163,800 ETB
Director of Revenue Management Executive and Management 138,200 ETB
Director of Training and Development Executive and Management 150,000 ETB
Distribution Manager Executive and Management 152,300 ETB
Division Manager Executive and Management 130,400 ETB
Duty Manager Executive and Management 139,100 ETB
Engagement Manager Executive and Management 159,500 ETB
Executive Director Executive and Management 237,400 ETB
Executive Manager Executive and Management 192,600 ETB
Franchise Manager Executive and Management 189,300 ETB
General Manager Executive and Management 181,600 ETB
Global Master Data Manager Executive and Management 159,500 ETB
Global Technical Lead Executive and Management 106,960 ETB
Head of Investment Executive and Management 152,100 ETB
Head of Middle Office Executive and Management 146,200 ETB
Head of Projects Executive and Management 159,100 ETB
Head of Strategy Executive and Management 168,100 ETB
Head of Supply Chain Executive and Management 148,300 ETB
Head of Sustainability Executive and Management 128,500 ETB
Housing Manager Executive and Management 125,100 ETB
HSE Manager Executive and Management 134,600 ETB
Key Account Manager Executive and Management 130,400 ETB
Knowledge Manager Executive and Management 157,600 ETB
Location Manager Executive and Management 142,300 ETB
Logistics Executive Executive and Management 115,740 ETB
Logistics Manager Executive and Management 123,400 ETB
Management Consultant Executive and Management 118,520 ETB
Management Executive Executive and Management 161,300 ETB
Manager Executive and Management 159,400 ETB
Managing Director Executive and Management 194,600 ETB
MIS Executive Executive and Management 157,600 ETB
Ocean Services Manager Executive and Management 159,400 ETB
Operational Manager Executive and Management 161,300 ETB
Operations Analyst Executive and Management 138,800 ETB
Operations Assistant Executive and Management 108,300 ETB
Operations Director Executive and Management 172,200 ETB
Operations Executive Executive and Management 174,000 ETB
Operations Manager Executive and Management 172,400 ETB
Operations Supervisor Executive and Management 148,300 ETB
Planning Director Executive and Management 164,200 ETB
PMO Manager Executive and Management 151,800 ETB
Policy Administration Executive Executive and Management 129,000 ETB
Private Sector Executive Executive and Management 134,600 ETB
Product Development Manager Executive and Management 159,500 ETB
Product Executive Executive and Management 143,200 ETB
Production Executive Executive and Management 152,300 ETB
Production Manager Executive and Management 161,300 ETB
Production Supervisor Executive and Management 128,900 ETB
Program Director Executive and Management 157,600 ETB
Program Manager Executive and Management 158,700 ETB
Programme Coordinator Executive and Management 110,340 ETB
Project Control Manager Executive and Management 154,700 ETB
Project Coordinator Executive and Management 96,180 ETB
Project Management Officer Executive and Management 104,140 ETB
Project Manager Executive and Management 123,400 ETB
Project Portfolio Manager Executive and Management 129,000 ETB
Quality Manager Executive and Management 125,700 ETB
R/D Director Executive and Management 136,200 ETB
Regional Director Executive and Management 209,700 ETB
Regional Manager Executive and Management 159,400 ETB
Relationship Manager Executive and Management 148,300 ETB
Retail District Manager Executive and Management 111,240 ETB
Revenue Manager Executive and Management 125,100 ETB
Risk and Capital Manager Executive and Management 185,100 ETB
Risk Officer Executive and Management 119,700 ETB
Safety Manager Executive and Management 119,700 ETB
Section Head Executive and Management 125,100 ETB
Service Manager Executive and Management 117,440 ETB
Shift Supervisor Executive and Management 96,540 ETB
Solutions Manager Executive and Management 116,540 ETB
Supervisor Executive and Management 97,840 ETB
Supply Chain Manager Executive and Management 164,200 ETB
Surveyor Executive and Management 107,860 ETB
Technical Director Executive and Management 157,600 ETB
Technical Manager Executive and Management 150,000 ETB
Territory Manager Executive and Management 152,100 ETB
Validation Manager Executive and Management 128,900 ETB
Vice President Executive and Management 187,500 ETB
Zone Manager Executive and Management 157,600 ETB

Salary Comparison by City

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

City Average Salary
Adis Abeba 247,800 ETB
Gonder 246,500 ETB
Mekele 209,700 ETB

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