Average Chief Corporate Officer Salary in Libya for 2024

In this article, we will look at the average Chief Corporate Officer salary for 2024 in Libya 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 Libyan dinar. To keep things simple, we are using the LYD currency code instead of the currency symbol ู„.ุฏ.

How Much Does a Chief Corporate Officer Make in Libya?

A Chief Corporate Officer working in Libya will typically earn around 53,860 LYD per year, and this can range from the lowest average salary of about 26,080 LYD to the highest average salary of 81,880 LYD.

Average Annual Salary
53,860 LYD
Average Monthly Salary
4,488 LYD

Lowest Annual Salary
26,080 LYD
Lowest Monthly Salary
2,173 LYD

Highest Annual Salary
81,880 LYD
Highest Monthly Salary
6,823 LYD

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

Chief Corporate Officer 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 Chief Corporate Officer Salaries in Libya

So we've looked at the average salaries a Chief Corporate Officer will earn in Libya. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Chief Corporate Officer can earn between 26,080 LYD and 81,880 LYD on average in Libya. 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 Chief Corporate Officer in Libya is 53,860 LYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 53,860 LYD, and 50% of the population earn more than 53,860 LYD.

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 Chief Corporate Officer salary in Libya, 25% of the population are earning less than 34,120 LYD while 75% of the population earn more than 34,120 LYD.

75% of the population earn less than 66,680 LYD, and 25% of the population earn more than 66,680 LYD.

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.

Chief Corporate Officer Salary by Experience Level in Libya

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 chief corporate officer 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 Chief Corporate Officer in Libya that has less than two years of experience can expect to earn somewhere in the region of 31,960 LYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Chief Corporate Officer salary would increase to 41,560 LYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Chief Corporate Officer, the average salary would be 54,500 LYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 66,100 LYD.
  • 15 - 20 Years Experience. A Chief Corporate Officer with 15 to 20 years of experience can earn an average of 70,880 LYD.
  • 20+ Years Experience. For a Chief Corporate Officer with more than 20 years, the expected average salary increases to 78,940 LYD.

Average Salary by Experience Chart

0-2 Years
31,960 LYD
2-5 Years +32%
41,560 LYD
5-10 Years +34%
54,500 LYD
10-15 Years +19%
66,100 LYD
15-20 Years +8%
70,880 LYD
20+ Years +7%
78,940 LYD

Chief Corporate Officer Salary by Education Level in Libya

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 Chief Corporate Officer in Libya 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 Chief Corporate Officer in Libya with a high school education can earn an average salary of 32,620 LYD.

  • Certificate or Diploma. A Chief Corporate Officer in Libya with a certificate or diploma education can earn an average salary of 38,140 LYD.

  • Bachelor's Degree. A Chief Corporate Officer in Libya with a bachelor's degree education can earn an average salary of 45,580 LYD.

  • Master's Degree. A Chief Corporate Officer in Libya with a master's degree education can earn an average salary of 72,120 LYD.

  • PhD. A Chief Corporate Officer in Libya with a phd education can earn an average salary of 76,440 LYD.

Average Salary by Education Chart

High School
32,620 LYD
Certificate or Diploma +18%
38,140 LYD
Bachelor's Degree +29%
45,580 LYD
Master's Degree +51%
72,120 LYD
PhD +8%
76,440 LYD

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 Libya is around 11,400 to 34,300 LYD 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.

Chief Corporate Officer 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 Libya, a male chief corporate officer will earn an average of 55,220 LYD, while a female chief corporate officer will earn around 49,020 LYD.

This means that a male chief corporate officer earns approximately 13% more than a female chief corporate officer for performing the same job.

Average Salary by Gender Chart in Libya

Male
55,220 LYD
Female -13%
49,020 LYD

Chief Corporate Officer Average Pay Raise in Libya

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 Chief Corporate Officer in Libya is around 10% every 28 months.

The national average pay raise across all professions and industries in Libya 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 Chief Corporate Officer in Libya can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Libya for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Chief Corporate Officer Bonus and Incentive Rates in Libya

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 Chief Corporate Officer is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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 8%.

Received Bonus
64%
No Bonus
36%

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 Libya earn approximately 5% more than private sector employees in the same role.

Public Sector
28,720 LYD
Private Sector -5%
27,300 LYD

Salaries for Jobs Similar to a Chief Corporate Officer

In the table below, we have salary information for jobs that are similar to a Chief Corporate Officer in Libya.

Job Title Category Salary
Account Coordinator Executive and Management 25,720 LYD
Account Director Executive and Management 31,520 LYD
Account Executive Executive and Management 32,900 LYD
Account Manager Executive and Management 31,660 LYD
Administration Manager Executive and Management 32,020 LYD
Administration Officer Executive and Management 17,540 LYD
Administration Supervisor Executive and Management 26,080 LYD
Administrative Clerk Executive and Management 12,620 LYD
Administrative Officer Executive and Management 13,540 LYD
Area Director Executive and Management 31,080 LYD
Area Manager Executive and Management 28,900 LYD
Asset Protection Associate Executive and Management 36,940 LYD
Assistant Director Executive and Management 29,160 LYD
Assistant General Manager Executive and Management 33,520 LYD
Assistant Manager Executive and Management 34,960 LYD
Assistant Managing Director Executive and Management 36,020 LYD
Assistant Operations Manager Executive and Management 37,620 LYD
Assistant Project Manager Executive and Management 33,440 LYD
Assistant Section Head Executive and Management 29,540 LYD
Assistant to CEO Executive and Management 31,400 LYD
Assistant Vice President Executive and Management 36,020 LYD
Associate Account Director Executive and Management 31,960 LYD
Associate Director Executive and Management 34,480 LYD
Bid Manager Executive and Management 38,680 LYD
Branch Manager Executive and Management 38,260 LYD
Business Development Manager Executive and Management 41,900 LYD
Business Operations Associate Executive and Management 31,960 LYD
Business Operations Lead Executive and Management 34,160 LYD
Campaign Manager Executive and Management 35,300 LYD
Catering Coordinator Executive and Management 19,060 LYD
Catering Manager Executive and Management 34,240 LYD
CEO Executive and Management 64,920 LYD
Chairman of The Board Executive and Management 61,780 LYD
Chairman Office Manager Executive and Management 41,560 LYD
Chief Commercial Officer Executive and Management 46,720 LYD
Chief Executive Officer Executive and Management 65,800 LYD
Chief Financial Officer Executive and Management 57,080 LYD
Chief Investment Officer Executive and Management 42,960 LYD
Chief of Staff Executive and Management 29,840 LYD
Chief Operating Officer Executive and Management 47,540 LYD
Chief Risk Officer Executive and Management 44,180 LYD
Client Account Manager Executive and Management 40,140 LYD
Client Accounts Officer Executive and Management 34,240 LYD
Client Services Manager Executive and Management 41,180 LYD
Commercial Director Executive and Management 43,520 LYD
Commercial Manager Executive and Management 38,260 LYD
Commercial Project Manager Executive and Management 32,900 LYD
Commodity Broker Executive and Management 25,660 LYD
COO Executive and Management 44,780 LYD
Corporate Affairs Executive Executive and Management 36,720 LYD
Corporate Compliance Director Executive and Management 38,780 LYD
Corporate Director Executive and Management 43,080 LYD
Corporate Officer Executive and Management 28,860 LYD
Corporate Partnerships Officer Executive and Management 27,020 LYD
Country Manager Executive and Management 48,300 LYD
Department Head Executive and Management 36,720 LYD
Department Manager Executive and Management 37,880 LYD
Department Supervisor Executive and Management 35,300 LYD
Deputy Director Executive and Management 47,180 LYD
Deputy Manager Executive and Management 42,960 LYD
Director Executive and Management 48,560 LYD
Director of Accreditation Executive and Management 39,560 LYD
Director of Catering Services Executive and Management 36,020 LYD
Director of Client Services Executive and Management 40,640 LYD
Director of Facilities Management Executive and Management 33,520 LYD
Director of Operations Executive and Management 39,560 LYD
Director of Process Simplification Executive and Management 33,120 LYD
Director of Product Management Executive and Management 42,320 LYD
Director of Project Management Executive and Management 43,260 LYD
Director of Revenue Management Executive and Management 39,560 LYD
Director of Training and Development Executive and Management 42,320 LYD
Distribution Manager Executive and Management 40,640 LYD
Division Manager Executive and Management 34,360 LYD
Duty Manager Executive and Management 35,300 LYD
Engagement Manager Executive and Management 40,600 LYD
Executive Director Executive and Management 60,920 LYD
Executive Manager Executive and Management 51,900 LYD
Franchise Manager Executive and Management 53,860 LYD
General Manager Executive and Management 48,760 LYD
Global Master Data Manager Executive and Management 45,620 LYD
Global Technical Lead Executive and Management 30,800 LYD
Head of Investment Executive and Management 41,700 LYD
Head of Middle Office Executive and Management 37,800 LYD
Head of Projects Executive and Management 41,180 LYD
Head of Strategy Executive and Management 46,880 LYD
Head of Supply Chain Executive and Management 39,420 LYD
Head of Sustainability Executive and Management 33,520 LYD
Housing Manager Executive and Management 33,520 LYD
HSE Manager Executive and Management 34,280 LYD
Key Account Manager Executive and Management 37,740 LYD
Knowledge Manager Executive and Management 40,140 LYD
Location Manager Executive and Management 42,040 LYD
Logistics Executive Executive and Management 34,240 LYD
Logistics Manager Executive and Management 31,960 LYD
Management Consultant Executive and Management 35,340 LYD
Management Executive Executive and Management 43,520 LYD
Manager Executive and Management 43,340 LYD
Managing Director Executive and Management 48,740 LYD
MIS Executive Executive and Management 42,040 LYD
Ocean Services Manager Executive and Management 44,720 LYD
Operational Manager Executive and Management 43,220 LYD
Operations Analyst Executive and Management 35,420 LYD
Operations Assistant Executive and Management 27,560 LYD
Operations Director Executive and Management 47,720 LYD
Operations Executive Executive and Management 44,540 LYD
Operations Manager Executive and Management 44,780 LYD
Operations Supervisor Executive and Management 38,680 LYD
Planning Director Executive and Management 44,140 LYD
PMO Manager Executive and Management 38,680 LYD
Policy Administration Executive Executive and Management 35,260 LYD
Private Sector Executive Executive and Management 38,180 LYD
Product Development Manager Executive and Management 42,460 LYD
Product Executive Executive and Management 36,700 LYD
Production Executive Executive and Management 43,360 LYD
Production Manager Executive and Management 44,180 LYD
Production Supervisor Executive and Management 34,480 LYD
Program Director Executive and Management 46,720 LYD
Program Manager Executive and Management 47,540 LYD
Programme Coordinator Executive and Management 27,020 LYD
Project Control Manager Executive and Management 44,780 LYD
Project Coordinator Executive and Management 27,380 LYD
Project Management Officer Executive and Management 29,840 LYD
Project Manager Executive and Management 32,960 LYD
Project Portfolio Manager Executive and Management 33,960 LYD
Quality Manager Executive and Management 37,200 LYD
R/D Director Executive and Management 36,800 LYD
Regional Director Executive and Management 54,500 LYD
Regional Manager Executive and Management 41,480 LYD
Relationship Manager Executive and Management 42,460 LYD
Retail District Manager Executive and Management 30,700 LYD
Revenue Manager Executive and Management 33,440 LYD
Risk and Capital Manager Executive and Management 47,120 LYD
Risk Officer Executive and Management 31,180 LYD
Safety Manager Executive and Management 30,700 LYD
Section Head Executive and Management 34,080 LYD
Service Manager Executive and Management 32,420 LYD
Shift Supervisor Executive and Management 24,200 LYD
Solutions Manager Executive and Management 26,860 LYD
Supervisor Executive and Management 25,160 LYD
Supply Chain Manager Executive and Management 43,800 LYD
Surveyor Executive and Management 27,480 LYD
Technical Director Executive and Management 41,700 LYD
Technical Manager Executive and Management 38,700 LYD
Territory Manager Executive and Management 40,640 LYD
Validation Manager Executive and Management 36,700 LYD
Vice President Executive and Management 50,620 LYD
Zone Manager Executive and Management 41,560 LYD

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