Average Cost Estimator Salary in Mali for 2024

In this article, we will look at the average Cost Estimator salary for 2024 in Mali 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 West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does a Cost Estimator Make in Mali?

A Cost Estimator working in Mali will typically earn around 3,205,100 XOF per year, and this can range from the lowest average salary of about 1,668,900 XOF to the highest average salary of 4,908,200 XOF.

Average Annual Salary
3,205,100 XOF
Average Monthly Salary
267,091 XOF

Lowest Annual Salary
1,668,900 XOF
Lowest Monthly Salary
139,075 XOF

Highest Annual Salary
4,908,200 XOF
Highest Monthly Salary
409,016 XOF

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

Cost Estimator 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 Cost Estimator Salaries in Mali

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

Salary ranges

We already know that a Cost Estimator can earn between 1,668,900 XOF and 4,908,200 XOF on average in Mali. 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 Cost Estimator in Mali is 3,085,500 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,085,500 XOF, and 50% of the population earn more than 3,085,500 XOF.

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 Cost Estimator salary in Mali, 25% of the population are earning less than 2,136,200 XOF while 75% of the population earn more than 2,136,200 XOF.

75% of the population earn less than 3,829,500 XOF, and 25% of the population earn more than 3,829,500 XOF.

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.

Cost Estimator Salary by Experience Level in Mali

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 cost estimator 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 Cost Estimator in Mali that has less than two years of experience can expect to earn somewhere in the region of 1,896,700 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Cost Estimator salary would increase to 2,543,000 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Cost Estimator, the average salary would be 3,299,800 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,996,300 XOF.
  • 15 - 20 Years Experience. A Cost Estimator with 15 to 20 years of experience can earn an average of 4,369,800 XOF.
  • 20+ Years Experience. For a Cost Estimator with more than 20 years, the expected average salary increases to 4,594,300 XOF.

Average Salary by Experience Chart

0-2 Years
1,896,700 XOF
2-5 Years +34%
2,543,000 XOF
5-10 Years +30%
3,299,800 XOF
10-15 Years +21%
3,996,300 XOF
15-20 Years +9%
4,369,800 XOF
20+ Years +5%
4,594,300 XOF

Cost Estimator Salary by Education Level in Mali

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 Cost Estimator in Mali 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 Cost Estimator in Mali with a high school education can earn an average salary of 2,281,800 XOF.

  • Certificate or Diploma. A Cost Estimator in Mali with a certificate or diploma education can earn an average salary of 2,605,500 XOF.

  • Bachelor's Degree. A Cost Estimator in Mali with a bachelor's degree education can earn an average salary of 3,672,500 XOF.

  • Master's Degree. A Cost Estimator in Mali with a master's degree education can earn an average salary of 4,450,400 XOF.

Average Salary by Education Chart

High School
2,281,800 XOF
Certificate or Diploma +14%
2,605,500 XOF
Bachelor's Degree +41%
3,672,500 XOF
Master's Degree +21%
4,450,400 XOF

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 Mali is around 1,650,000 to 4,950,000 XOF 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.

Cost Estimator 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 Mali, a male cost estimator will earn an average of 3,455,900 XOF, while a female cost estimator will earn around 3,047,800 XOF.

This means that a male cost estimator earns approximately 13% more than a female cost estimator for performing the same job.

Average Salary by Gender Chart in Mali

Male
3,455,900 XOF
Female -13%
3,047,800 XOF

Cost Estimator Average Pay Raise in Mali

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 Cost Estimator in Mali is around 9% every 26 months.

The national average pay raise across all professions and industries in Mali 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 = ( 9 ÷ 26 ) × 12  = 4%

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

Annual Pay Raise by Industry in Mali for 2024

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

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%

Cost Estimator Bonus and Incentive Rates in Mali

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 Cost Estimator is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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 6% to 8%.

Received Bonus
60%
No Bonus
40%

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 Mali earn approximately 14% more than private sector employees in the same role.

Public Sector
4,152,200 XOF
Private Sector -14%
3,648,200 XOF

Salaries for Jobs Similar to a Cost Estimator

In the table below, we have salary information for jobs that are similar to a Cost Estimator in Mali.

Job Title Category Salary
Assistant Business Development Manager Business Planning 5,545,500 XOF
Assistant Merchandise Planner Business Planning 3,047,800 XOF
Business Advisor Business Planning 5,088,900 XOF
Business Analyst Business Planning 5,183,700 XOF
Business Consultant Business Planning 4,726,900 XOF
Business Continuity Associate Business Planning 2,941,000 XOF
Business Developer Business Planning 3,132,800 XOF
Business Development Analyst Business Planning 3,539,100 XOF
Business Development Associate Business Planning 2,579,200 XOF
Business Development Coordinator Business Planning 2,759,700 XOF
Business Development Director Business Planning 7,105,200 XOF
Business Development Engineer Business Planning 4,079,300 XOF
Business Development Executive Business Planning 4,991,200 XOF
Business Development Manager Business Planning 6,407,600 XOF
Business Development Specialist Business Planning 4,919,600 XOF
Business Manager Business Planning 5,784,200 XOF
Business Operations Specialist Business Planning 4,883,400 XOF
Business Process Writer Business Planning 2,748,900 XOF
Business Systems Analyst Business Planning 5,209,200 XOF
Capacity Planner Business Planning 3,610,800 XOF
Capacity Planning Supervisor Business Planning 4,510,700 XOF
Change Communications Analyst Business Planning 4,355,800 XOF
Change Control Analyst Business Planning 4,609,700 XOF
Change Impact Analyst Business Planning 4,799,700 XOF
Contracts Executive Business Planning 4,822,700 XOF
Corporate Strategy Analyst Business Planning 4,966,200 XOF
Cost Control Engineer Business Planning 3,312,100 XOF
Cost Controller Business Planning 3,503,800 XOF
Data Executive Business Planning 2,460,900 XOF
Data Manager Business Planning 3,706,100 XOF
Data Processing Manager Business Planning 4,369,800 XOF
Development Researcher Business Planning 3,792,300 XOF
Director of Business Development Business Planning 7,105,200 XOF
Director of Production Planning Business Planning 6,084,900 XOF
Due Diligence Analyst Business Planning 5,221,800 XOF
Estimating Manager Business Planning 5,363,700 XOF
General Manager Business Planning 5,868,200 XOF
Incident Handler Business Planning 3,335,900 XOF
Incident Specialist Business Planning 4,224,200 XOF
Lean Consultant Business Planning 3,586,300 XOF
Manager Business Planning 6,407,600 XOF
Marketing and Business Development Manager Business Planning 5,940,300 XOF
Materials Planner Business Planning 2,230,100 XOF
Merchandise Assistant Business Planning 2,161,200 XOF
Merchandise Controller Business Planning 2,015,600 XOF
Merchandise Planner Business Planning 2,086,500 XOF
Operations Analyst Business Planning 4,369,800 XOF
Operations Manager Business Planning 5,256,700 XOF
Operations Research Analyst Business Planning 2,902,500 XOF
Planning and Reporting Manager Business Planning 5,136,500 XOF
Planning Director Business Planning 6,433,500 XOF
Project Administrator Business Planning 3,108,200 XOF
Project Manager Business Planning 5,256,700 XOF
Project Planner Business Planning 2,998,500 XOF
Research Assistant Business Planning 2,688,800 XOF
Research Engineer Business Planning 3,085,500 XOF
Research Officer Business Planning 2,557,100 XOF
Risk Management Specialist Business Planning 4,895,800 XOF
Scholarship Coordinator Business Planning 2,423,000 XOF
Store Planner Business Planning 2,352,500 XOF
Strategy Director Business Planning 6,922,100 XOF
Top Research and Development Executive Business Planning 6,947,800 XOF

Salary Comparison by City

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

City Average Salary
Bamako 3,490,200 XOF

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