Average Executive Manager Salary in Mali for 2024

In this article, we will look at the average Executive Manager 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 an Executive Manager Make in Mali?

An Executive Manager working in Mali will typically earn around 7,404,700 XOF per year, and this can range from the lowest average salary of about 3,622,400 XOF to the highest average salary of 11,543,100 XOF.

Average Annual Salary
7,404,700 XOF
Average Monthly Salary
617,058 XOF

Lowest Annual Salary
3,622,400 XOF
Lowest Monthly Salary
301,866 XOF

Highest Annual Salary
11,543,100 XOF
Highest Monthly Salary
961,925 XOF

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

Executive 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 Executive Manager Salaries in Mali

So we've looked at the average salaries an Executive Manager will earn in Mali. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Executive Manager can earn between 3,622,400 XOF and 11,543,100 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 an Executive Manager in Mali is 7,548,300 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 7,548,300 XOF, and 50% of the population earn more than 7,548,300 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 Executive Manager salary in Mali, 25% of the population are earning less than 5,029,900 XOF while 75% of the population earn more than 5,029,900 XOF.

75% of the population earn less than 9,744,400 XOF, and 25% of the population earn more than 9,744,400 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.

Executive Manager 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 executive 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. An Executive Manager in Mali that has less than two years of experience can expect to earn somewhere in the region of 4,297,400 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Executive Manager salary would increase to 5,531,100 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Executive Manager, the average salary would be 7,633,100 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 9,442,200 XOF.
  • 15 - 20 Years Experience. An Executive Manager with 15 to 20 years of experience can earn an average of 10,128,600 XOF.
  • 20+ Years Experience. For an Executive Manager with more than 20 years, the expected average salary increases to 10,801,300 XOF.

Average Salary by Experience Chart

0-2 Years
4,297,400 XOF
2-5 Years +29%
5,531,100 XOF
5-10 Years +38%
7,633,100 XOF
10-15 Years +24%
9,442,200 XOF
15-20 Years +7%
10,128,600 XOF
20+ Years +7%
10,801,300 XOF

Executive Manager 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 an Executive Manager 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. An Executive Manager in Mali with a high school education can earn an average salary of 5,363,700 XOF.

  • Certificate or Diploma. An Executive Manager in Mali with a certificate or diploma education can earn an average salary of 6,156,100 XOF.

  • Bachelor's Degree. An Executive Manager in Mali with a bachelor's degree education can earn an average salary of 8,305,400 XOF.

  • Master's Degree. An Executive Manager in Mali with a master's degree education can earn an average salary of 10,440,100 XOF.

Average Salary by Education Chart

High School
5,363,700 XOF
Certificate or Diploma +15%
6,156,100 XOF
Bachelor's Degree +35%
8,305,400 XOF
Master's Degree +26%
10,440,100 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.

Executive 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 Mali, a male executive manager will earn an average of 7,763,600 XOF, while a female executive manager will earn around 6,826,100 XOF.

This means that a male executive manager earns approximately 14% more than a female executive manager for performing the same job.

Average Salary by Gender Chart in Mali

Male
7,763,600 XOF
Female -14%
6,826,100 XOF

Executive Manager 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 an Executive Manager in Mali is around 10% every 28 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 = ( 10 ÷ 28 ) × 12  = 4%

What this means is that an Executive Manager 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%

Executive Manager 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.

An Executive Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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
65%
No Bonus
35%

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 an Executive Manager

In the table below, we have salary information for jobs that are similar to an Executive Manager in Mali.

Job Title Category Salary
Account Coordinator Executive and Management 3,745,100 XOF
Account Director Executive and Management 4,690,500 XOF
Account Executive Executive and Management 4,570,300 XOF
Account Manager Executive and Management 4,510,700 XOF
Administration Manager Executive and Management 4,439,200 XOF
Administration Officer Executive and Management 2,447,200 XOF
Administration Supervisor Executive and Management 3,564,300 XOF
Administrative Clerk Executive and Management 1,858,200 XOF
Administrative Officer Executive and Management 1,765,300 XOF
Area Director Executive and Management 4,102,700 XOF
Area Manager Executive and Management 4,332,900 XOF
Asset Protection Associate Executive and Management 4,752,100 XOF
Assistant Director Executive and Management 4,642,200 XOF
Assistant General Manager Executive and Management 4,654,300 XOF
Assistant Manager Executive and Management 5,076,600 XOF
Assistant Managing Director Executive and Management 5,315,900 XOF
Assistant Operations Manager Executive and Management 5,471,700 XOF
Assistant Project Manager Executive and Management 4,667,500 XOF
Assistant Section Head Executive and Management 3,733,300 XOF
Assistant to CEO Executive and Management 4,235,500 XOF
Assistant Vice President Executive and Management 5,183,700 XOF
Associate Account Director Executive and Management 4,510,700 XOF
Associate Director Executive and Management 4,777,400 XOF
Bid Manager Executive and Management 5,256,700 XOF
Branch Manager Executive and Management 5,183,700 XOF
Business Development Manager Executive and Management 5,940,300 XOF
Business Operations Associate Executive and Management 4,752,100 XOF
Business Operations Lead Executive and Management 5,053,200 XOF
Campaign Manager Executive and Management 5,123,800 XOF
Catering Coordinator Executive and Management 2,964,800 XOF
Catering Manager Executive and Management 4,570,300 XOF
CEO Executive and Management 8,915,100 XOF
Chairman of The Board Executive and Management 9,154,500 XOF
Chairman Office Manager Executive and Management 5,628,400 XOF
Chief Commercial Officer Executive and Management 6,514,800 XOF
Chief Corporate Officer Executive and Management 7,007,800 XOF
Chief Executive Officer Executive and Management 9,346,600 XOF
Chief Financial Officer Executive and Management 8,626,600 XOF
Chief Investment Officer Executive and Management 6,791,800 XOF
Chief of Staff Executive and Management 4,019,900 XOF
Chief Operating Officer Executive and Management 6,552,400 XOF
Chief Risk Officer Executive and Management 5,952,700 XOF
Client Account Manager Executive and Management 5,305,100 XOF
Client Accounts Officer Executive and Management 4,609,700 XOF
Client Services Manager Executive and Management 6,073,300 XOF
Commercial Director Executive and Management 6,216,700 XOF
Commercial Manager Executive and Management 5,267,700 XOF
Commercial Project Manager Executive and Management 5,003,800 XOF
Commodity Broker Executive and Management 3,586,300 XOF
COO Executive and Management 6,901,600 XOF
Corporate Affairs Executive Executive and Management 5,447,200 XOF
Corporate Compliance Director Executive and Management 5,857,100 XOF
Corporate Director Executive and Management 6,360,600 XOF
Corporate Officer Executive and Management 4,345,400 XOF
Corporate Partnerships Officer Executive and Management 4,129,300 XOF
Country Manager Executive and Management 7,321,700 XOF
Department Head Executive and Management 5,292,500 XOF
Department Manager Executive and Management 5,471,700 XOF
Department Supervisor Executive and Management 4,870,300 XOF
Deputy Director Executive and Management 6,132,900 XOF
Deputy Manager Executive and Management 6,084,900 XOF
Director Executive and Management 6,648,800 XOF
Director of Accreditation Executive and Management 5,940,300 XOF
Director of Catering Services Executive and Management 5,507,100 XOF
Director of Client Services Executive and Management 5,483,600 XOF
Director of Facilities Management Executive and Management 4,714,900 XOF
Director of Operations Executive and Management 5,940,300 XOF
Director of Process Simplification Executive and Management 4,618,200 XOF
Director of Product Management Executive and Management 6,203,500 XOF
Director of Project Management Executive and Management 6,514,800 XOF
Director of Revenue Management Executive and Management 5,376,200 XOF
Director of Training and Development Executive and Management 5,902,400 XOF
Distribution Manager Executive and Management 5,890,200 XOF
Division Manager Executive and Management 5,242,700 XOF
Duty Manager Executive and Management 5,388,100 XOF
Engagement Manager Executive and Management 6,058,300 XOF
Executive Director Executive and Management 8,758,900 XOF
Franchise Manager Executive and Management 7,428,600 XOF
General Manager Executive and Management 7,150,200 XOF
Global Master Data Manager Executive and Management 6,407,600 XOF
Global Technical Lead Executive and Management 4,235,500 XOF
Head of Investment Executive and Management 5,989,600 XOF
Head of Middle Office Executive and Management 5,483,600 XOF
Head of Projects Executive and Management 6,251,400 XOF
Head of Strategy Executive and Management 6,791,800 XOF
Head of Supply Chain Executive and Management 5,711,000 XOF
Head of Sustainability Executive and Management 4,895,800 XOF
Housing Manager Executive and Management 4,714,900 XOF
HSE Manager Executive and Management 4,739,800 XOF
Key Account Manager Executive and Management 4,762,300 XOF
Knowledge Manager Executive and Management 5,806,300 XOF
Location Manager Executive and Management 5,833,500 XOF
Logistics Executive Executive and Management 4,510,700 XOF
Logistics Manager Executive and Management 4,450,400 XOF
Management Consultant Executive and Management 4,537,100 XOF
Management Executive Executive and Management 6,335,800 XOF
Manager Executive and Management 6,228,100 XOF
Managing Director Executive and Management 7,105,200 XOF
MIS Executive Executive and Management 6,203,500 XOF
Ocean Services Manager Executive and Management 5,989,600 XOF
Operational Manager Executive and Management 6,109,700 XOF
Operations Analyst Executive and Management 5,423,100 XOF
Operations Assistant Executive and Management 4,345,400 XOF
Operations Director Executive and Management 6,745,700 XOF
Operations Executive Executive and Management 6,696,900 XOF
Operations Manager Executive and Management 6,505,500 XOF
Operations Supervisor Executive and Management 5,363,700 XOF
Planning Director Executive and Management 6,469,100 XOF
PMO Manager Executive and Management 5,628,400 XOF
Policy Administration Executive Executive and Management 4,943,500 XOF
Private Sector Executive Executive and Management 5,518,700 XOF
Product Development Manager Executive and Management 6,179,700 XOF
Product Executive Executive and Management 5,363,700 XOF
Production Executive Executive and Management 5,747,700 XOF
Production Manager Executive and Management 5,890,200 XOF
Production Supervisor Executive and Management 5,029,900 XOF
Program Director Executive and Management 6,433,500 XOF
Program Manager Executive and Management 6,493,000 XOF
Programme Coordinator Executive and Management 4,391,800 XOF
Project Control Manager Executive and Management 6,193,900 XOF
Project Coordinator Executive and Management 3,706,100 XOF
Project Management Officer Executive and Management 4,140,900 XOF
Project Manager Executive and Management 4,414,800 XOF
Project Portfolio Manager Executive and Management 4,822,700 XOF
Quality Manager Executive and Management 4,919,600 XOF
R/D Director Executive and Management 5,388,100 XOF
Regional Director Executive and Management 8,626,600 XOF
Regional Manager Executive and Management 6,289,900 XOF
Relationship Manager Executive and Management 5,818,100 XOF
Retail District Manager Executive and Management 4,235,500 XOF
Revenue Manager Executive and Management 4,908,200 XOF
Risk and Capital Manager Executive and Management 6,754,900 XOF
Risk Officer Executive and Management 4,667,500 XOF
Safety Manager Executive and Management 4,585,100 XOF
Section Head Executive and Management 4,475,900 XOF
Service Manager Executive and Management 4,618,200 XOF
Shift Supervisor Executive and Management 3,755,300 XOF
Solutions Manager Executive and Management 4,297,400 XOF
Supervisor Executive and Management 3,733,300 XOF
Supply Chain Manager Executive and Management 6,382,300 XOF
Surveyor Executive and Management 4,176,700 XOF
Technical Director Executive and Management 5,963,300 XOF
Technical Manager Executive and Management 5,483,600 XOF
Territory Manager Executive and Management 5,651,400 XOF
Validation Manager Executive and Management 5,111,100 XOF
Vice President Executive and Management 7,561,700 XOF
Zone Manager Executive and Management 6,084,900 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 8,099,800 XOF

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