Average Economic Development Specialist Salary in East Timor for 2024

In this article, we will look at the average Economic Development Specialist salary for 2024 in East Timor 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 an Economic Development Specialist Make in East Timor?

An Economic Development Specialist working in East Timor will typically earn around 41,900 USD per year, and this can range from the lowest average salary of about 21,380 USD to the highest average salary of 61,580 USD.

Average Annual Salary
41,900 USD
Average Monthly Salary
3,491 USD

Lowest Annual Salary
21,380 USD
Lowest Monthly Salary
1,781 USD

Highest Annual Salary
61,580 USD
Highest Monthly Salary
5,131 USD

These are average salaries for an Economic Development Specialist in East Timor and include benefits such as housing and transport. It's also possible for an Economic Development Specialist to earn more or less than the average salaries shown above.

Economic Development Specialist 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 Economic Development Specialist Salaries in East Timor

So we've looked at the average salaries an Economic Development Specialist will earn in East Timor. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Economic Development Specialist can earn between 21,380 USD and 61,580 USD on average in East Timor. 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 an Economic Development Specialist in East Timor is 39,560 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 39,560 USD, and 50% of the population earn more than 39,560 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 Economic Development Specialist salary in East Timor, 25% of the population are earning less than 26,660 USD while 75% of the population earn more than 26,660 USD.

75% of the population earn less than 49,200 USD, and 25% of the population earn more than 49,200 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.

Economic Development Specialist Salary by Experience Level in East Timor

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 economic development specialist 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. An Economic Development Specialist in East Timor that has less than two years of experience can expect to earn somewhere in the region of 23,500 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Economic Development Specialist salary would increase to 31,080 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Economic Development Specialist, the average salary would be 43,220 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 50,660 USD.
  • 15 - 20 Years Experience. An Economic Development Specialist with 15 to 20 years of experience can earn an average of 54,280 USD.
  • 20+ Years Experience. For an Economic Development Specialist with more than 20 years, the expected average salary increases to 58,720 USD.

Average Salary by Experience Chart

0-2 Years
23,500 USD
2-5 Years +31%
31,080 USD
5-10 Years +40%
43,220 USD
10-15 Years +20%
50,660 USD
15-20 Years +9%
54,280 USD
20+ Years +8%
58,720 USD

Economic Development Specialist Salary by Education Level in East Timor

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 an Economic Development Specialist in East Timor based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Economic Development Specialist in East Timor with a bachelor's degree education can earn an average salary of 26,100 USD.

  • Master's Degree. An Economic Development Specialist in East Timor with a master's degree education can earn an average salary of 40,040 USD.

  • PhD. An Economic Development Specialist in East Timor with a phd education can earn an average salary of 57,820 USD.

Average Salary by Education Chart

Bachelor's Degree
26,100 USD
Master's Degree +49%
40,040 USD
PhD +45%
57,820 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 East Timor is around 11,000 to 33,100 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.

Economic Development Specialist 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 East Timor, a male economic development specialist will earn an average of 44,800 USD, while a female economic development specialist will earn around 40,140 USD.

This means that a male economic development specialist earns approximately 12% more than a female economic development specialist for performing the same job.

Average Salary by Gender Chart in East Timor

Male
44,800 USD
Female -12%
40,140 USD

Economic Development Specialist Average Pay Raise in East Timor

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 an Economic Development Specialist in East Timor is around 9% every 28 months.

The national average pay raise across all professions and industries in East Timor 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 ÷ 28 ) × 12  = 4%

What this means is that an Economic Development Specialist in East Timor can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in East Timor for 2024

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

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%

Economic Development Specialist Bonus and Incentive Rates in East Timor

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.

An Economic Development Specialist 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 East Timor earn approximately 4% more than private sector employees in the same role.

Public Sector
27,020 USD
Private Sector -4%
26,020 USD

Salaries for Jobs Similar to an Economic Development Specialist

In the table below, we have salary information for jobs that are similar to an Economic Development Specialist in East Timor.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 27,020 USD
Algorithm Developer Science and Technical Services 31,960 USD
Analytical Chemist Science and Technical Services 48,560 USD
Anthropologist Science and Technical Services 36,940 USD
Archeologist Science and Technical Services 31,520 USD
Assistant Breeder Science and Technical Services 16,400 USD
Astronomer Science and Technical Services 57,860 USD
Atmospheric and Space Scientist Science and Technical Services 48,300 USD
Behavior Analyst Science and Technical Services 29,160 USD
Behavior Intervention Specialist Science and Technical Services 35,260 USD
Behavior Specialist Science and Technical Services 31,520 USD
Biochemist Science and Technical Services 51,400 USD
Biofuels Processing Technician Science and Technical Services 23,400 USD
Biofuels Production Manager Science and Technical Services 36,700 USD
Biologist Science and Technical Services 55,320 USD
Biomedical Laboratory Officer Science and Technical Services 23,380 USD
Biomedical Scientist Science and Technical Services 54,560 USD
Biophysicist Science and Technical Services 52,300 USD
Chemical Engineer Science and Technical Services 26,780 USD
Chemical Technologist Science and Technical Services 23,500 USD
Chemist Science and Technical Services 49,020 USD
Chief Technologist Science and Technical Services 47,760 USD
Climate Change Analyst Science and Technical Services 33,980 USD
Clinical Laboratory Scientist Science and Technical Services 59,380 USD
Computer Scientist Science and Technical Services 42,460 USD
Conservation Scientist Science and Technical Services 44,300 USD
Data Science Specialist Science and Technical Services 32,420 USD
Data Scientist Science and Technical Services 38,780 USD
DNA Analyst Science and Technical Services 52,820 USD
Ecologist Science and Technical Services 40,600 USD
Flavourist Science and Technical Services 16,980 USD
Food Scientist Science and Technical Services 35,300 USD
Forensic Scientist Science and Technical Services 43,520 USD
Formulation Technologist Science and Technical Services 19,980 USD
Fraud Investigator Science and Technical Services 25,660 USD
Genomics Scientist Science and Technical Services 55,140 USD
Geographer Science and Technical Services 29,640 USD
Geographic Information Systems Technician Science and Technical Services 20,300 USD
Geological Data Technician Science and Technical Services 17,740 USD
Geological Technician Science and Technical Services 23,520 USD
Geologist Science and Technical Services 45,600 USD
Geomatics Scientist Science and Technical Services 47,540 USD
Geophysical Data Technician Science and Technical Services 17,760 USD
Geospatial Information Scientist and Technologist Science and Technical Services 37,880 USD
Global Technical Lead Science and Technical Services 56,460 USD
Hydrologist Science and Technical Services 35,340 USD
Industrial Ecologist Science and Technical Services 35,000 USD
Intelligence Analyst Science and Technical Services 32,200 USD
Knowledge Management Specialist Science and Technical Services 25,440 USD
Lab Analyst Science and Technical Services 21,300 USD
Lab Manager Science and Technical Services 37,740 USD
Lab Technician Science and Technical Services 15,380 USD
Laboratory Manager Science and Technical Services 39,080 USD
Laboratory Researcher Science and Technical Services 24,860 USD
Laboratory Technician Science and Technical Services 14,820 USD
Life Sciences Analyst Science and Technical Services 35,260 USD
Life Scientist Science and Technical Services 41,180 USD
Marine Architect Science and Technical Services 35,300 USD
Marine Biologist Science and Technical Services 38,060 USD
Marine Superintendent Science and Technical Services 22,340 USD
Materials Analyst Science and Technical Services 25,220 USD
Materials Scientist Science and Technical Services 43,480 USD
Mathematician Science and Technical Services 43,220 USD
Medical Scientist Science and Technical Services 52,880 USD
Metallurgist Science and Technical Services 38,620 USD
Meteorologist Science and Technical Services 38,680 USD
Microbiologist Science and Technical Services 61,180 USD
Natural Language Processing Researcher Science and Technical Services 34,160 USD
Natural Resource Specialist Science and Technical Services 34,080 USD
Natural Resources Analyst Science and Technical Services 35,500 USD
Natural Sciences Manager Science and Technical Services 50,240 USD
Nuclear Engineer Science and Technical Services 60,400 USD
Physical Scientist Science and Technical Services 43,080 USD
Physicist Science and Technical Services 51,340 USD
Political Scientist Science and Technical Services 42,460 USD
Polygraph Examiner Science and Technical Services 17,260 USD
Polysomnographic Technologist Science and Technical Services 25,940 USD
Product Development Scientist Science and Technical Services 47,120 USD
Quantitative Research Analyst Science and Technical Services 37,620 USD
Quantitative Researcher Science and Technical Services 37,800 USD
Radiation Protection Specialist Science and Technical Services 30,700 USD
Refrigeration Technician Science and Technical Services 13,060 USD
Research Scientist Science and Technical Services 36,020 USD
Risk Safety Engineer Science and Technical Services 23,480 USD
Scientific Photographer Science and Technical Services 23,140 USD
Scientific Programmer Science and Technical Services 31,520 USD
Scientist Science and Technical Services 36,720 USD
Service Engineer Science and Technical Services 23,480 USD
Service Technician Science and Technical Services 18,260 USD
Social Science Research Assistant Science and Technical Services 23,400 USD
Social Scientist Science and Technical Services 43,080 USD
Sociologist Science and Technical Services 41,660 USD
Soil Scientist Science and Technical Services 33,960 USD
Statistical Analyst Science and Technical Services 24,840 USD
Statistical Assistant Science and Technical Services 18,780 USD
Statistician Science and Technical Services 39,800 USD
Survey Analyst Science and Technical Services 22,660 USD
Survey Researcher Science and Technical Services 19,060 USD
Surveying and Mapping Technician Science and Technical Services 13,100 USD
Team Leader Science and Technical Services 34,160 USD
Technical Manager Science and Technical Services 38,060 USD
Technical Officer Science and Technical Services 15,760 USD
Technical Service Director Science and Technical Services 49,700 USD
Technical Services Regulatory Affairs Specialist Science and Technical Services 25,940 USD
Technical Services Research and Development Manager Science and Technical Services 59,380 USD
Technical Services Research Associate Science and Technical Services 26,100 USD
Technical Services Research Coordinator Science and Technical Services 27,560 USD
Technician Science and Technical Services 17,620 USD
Water Ecologist Science and Technical Services 48,340 USD
Wildlife Biologist Science and Technical Services 41,980 USD

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