Average Contracts Manager Salary in Liberia for 2024

In this article, we will look at the average Contracts Manager salary for 2024 in Liberia 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 Liberian dollar. To keep things simple, we are using the LRD currency code instead of the currency symbol $.

How Much Does a Contracts Manager Make in Liberia?

A Contracts Manager working in Liberia will typically earn around 1,057,700 LRD per year, and this can range from the lowest average salary of about 538,600 LRD to the highest average salary of 1,632,100 LRD.

Average Annual Salary
1,057,700 LRD
Average Monthly Salary
88,141 LRD

Lowest Annual Salary
538,600 LRD
Lowest Monthly Salary
44,883 LRD

Highest Annual Salary
1,632,100 LRD
Highest Monthly Salary
136,008 LRD

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

Contracts 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 Contracts Manager Salaries in Liberia

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

Salary ranges

We already know that a Contracts Manager can earn between 538,600 LRD and 1,632,100 LRD on average in Liberia. 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 Contracts Manager in Liberia is 1,038,700 LRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,038,700 LRD, and 50% of the population earn more than 1,038,700 LRD.

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 Contracts Manager salary in Liberia, 25% of the population are earning less than 710,500 LRD while 75% of the population earn more than 710,500 LRD.

75% of the population earn less than 1,306,100 LRD, and 25% of the population earn more than 1,306,100 LRD.

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.

Contracts Manager Salary by Experience Level in Liberia

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 contracts 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 Contracts Manager in Liberia that has less than two years of experience can expect to earn somewhere in the region of 605,700 LRD.
  • 2 - 5 Years Experience. With two to five years of experience the average Contracts Manager salary would increase to 791,200 LRD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Contracts Manager, the average salary would be 1,108,500 LRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,333,900 LRD.
  • 15 - 20 Years Experience. A Contracts Manager with 15 to 20 years of experience can earn an average of 1,440,700 LRD.
  • 20+ Years Experience. For a Contracts Manager with more than 20 years, the expected average salary increases to 1,560,800 LRD.

Average Salary by Experience Chart

0-2 Years
605,700 LRD
2-5 Years +31%
791,200 LRD
5-10 Years +40%
1,108,500 LRD
10-15 Years +20%
1,333,900 LRD
15-20 Years +9%
1,440,700 LRD
20+ Years +8%
1,560,800 LRD

Contracts Manager Salary by Education Level in Liberia

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 Contracts Manager in Liberia 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 Contracts Manager in Liberia with a high school education can earn an average salary of 727,400 LRD.

  • Certificate or Diploma. A Contracts Manager in Liberia with a certificate or diploma education can earn an average salary of 836,800 LRD.

  • Bachelor's Degree. A Contracts Manager in Liberia with a bachelor's degree education can earn an average salary of 1,172,800 LRD.

  • Master's Degree. A Contracts Manager in Liberia with a master's degree education can earn an average salary of 1,510,400 LRD.

Average Salary by Education Chart

High School
727,400 LRD
Certificate or Diploma +15%
836,800 LRD
Bachelor's Degree +41%
1,172,800 LRD
Master's Degree +29%
1,510,400 LRD

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 Liberia is around 359,000 to 1,080,000 LRD 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.

Contracts 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 Liberia, a male contracts manager will earn an average of 1,154,300 LRD, while a female contracts manager will earn around 973,800 LRD.

This means that a male contracts manager earns approximately 19% more than a female contracts manager for performing the same job.

Average Salary by Gender Chart in Liberia

Male
1,154,300 LRD
Female -19%
973,800 LRD

Contracts Manager Average Pay Raise in Liberia

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 Contracts Manager in Liberia is around 6% every 32 months.

The national average pay raise across all professions and industries in Liberia 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 = ( 6 ÷ 32 ) × 12  = 2%

What this means is that a Contracts Manager in Liberia can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Liberia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Contracts Manager Bonus and Incentive Rates in Liberia

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 Contracts Manager is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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 3% to 6%.

Received Bonus
37%
No Bonus
63%

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 Liberia earn approximately 21% more than private sector employees in the same role.

Public Sector
948,900 LRD
Private Sector -21%
782,500 LRD

Salaries for Jobs Similar to a Contracts Manager

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

Job Title Category Salary
Air Conditioning Technician Facilities / Maintenance / Repair 245,300 LRD
Assembly Supervisor Facilities / Maintenance / Repair 388,100 LRD
Assistant Contract Manager Facilities / Maintenance / Repair 955,800 LRD
Building and Grounds Supervisor Facilities / Maintenance / Repair 592,600 LRD
Building Control Officer Facilities / Maintenance / Repair 552,400 LRD
Building Engineer Facilities / Maintenance / Repair 757,300 LRD
Building Services Engineer Facilities / Maintenance / Repair 795,700 LRD
Building Surveyor Facilities / Maintenance / Repair 496,100 LRD
Calibration Technician Facilities / Maintenance / Repair 294,700 LRD
Carpenter Facilities / Maintenance / Repair 327,300 LRD
Cemetery Manager Facilities / Maintenance / Repair 348,300 LRD
Chief Building Official Facilities / Maintenance / Repair 1,172,800 LRD
Clinical Facilities Planning Manager Facilities / Maintenance / Repair 1,296,900 LRD
Construction Laborer Facilities / Maintenance / Repair 239,300 LRD
Contracts Administrator Facilities / Maintenance / Repair 648,200 LRD
Facilities Coordinator Facilities / Maintenance / Repair 547,800 LRD
Facilities Director Facilities / Maintenance / Repair 1,259,300 LRD
Facilities Engineer Facilities / Maintenance / Repair 757,300 LRD
Facilities Maintenance Manager Facilities / Maintenance / Repair 1,122,500 LRD
Facilities Maintenance Supervisor Facilities / Maintenance / Repair 810,200 LRD
Facilities Manager Facilities / Maintenance / Repair 1,147,600 LRD
Field Service Manager Facilities / Maintenance / Repair 1,117,800 LRD
Field Service Technician Facilities / Maintenance / Repair 233,600 LRD
Fire Alarm System Installer Facilities / Maintenance / Repair 406,300 LRD
Glazier Facilities / Maintenance / Repair 233,900 LRD
HVAC Mechanic Facilities / Maintenance / Repair 246,500 LRD
HVAC Technician Facilities / Maintenance / Repair 263,200 LRD
Laborer Facilities / Maintenance / Repair 246,500 LRD
Maintenance Fitter Facilities / Maintenance / Repair 252,300 LRD
Maintenance Mechanic Facilities / Maintenance / Repair 239,300 LRD
Maintenance Officer Facilities / Maintenance / Repair 238,900 LRD
Maintenance Planner Facilities / Maintenance / Repair 361,600 LRD
Maintenance Supervisor Facilities / Maintenance / Repair 424,900 LRD
Maintenance Worker Facilities / Maintenance / Repair 228,000 LRD
Mechanic Facilities / Maintenance / Repair 261,300 LRD
Plant Engineer Facilities / Maintenance / Repair 712,100 LRD
Property Administration Officer Facilities / Maintenance / Repair 478,100 LRD
Service Engineer Facilities / Maintenance / Repair 718,000 LRD
Service Operations Manager Facilities / Maintenance / Repair 1,195,600 LRD
Technician Facilities / Maintenance / Repair 233,900 LRD
Tool Technician Facilities / Maintenance / Repair 233,900 LRD

Salary Comparison by City

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

City Average Salary
Monrovia 1,085,300 LRD

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