Average Formulation Technologist Salary in Sierra Leone for 2024

In this article, we will look at the average Formulation Technologist salary for 2024 in Sierra Leone 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 Sierra Leonean leone. To keep things simple, we are using the SLL currency code instead of the currency symbol Le.

How Much Does a Formulation Technologist Make in Sierra Leone?

A Formulation Technologist working in Sierra Leone will typically earn around 54,358,300 SLL per year, and this can range from the lowest average salary of about 26,639,300 SLL to the highest average salary of 84,840,200 SLL.

Average Annual Salary
54,358,300 SLL
Average Monthly Salary
4,529,858 SLL

Lowest Annual Salary
26,639,300 SLL
Lowest Monthly Salary
2,219,941 SLL

Highest Annual Salary
84,840,200 SLL
Highest Monthly Salary
7,070,016 SLL

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

Formulation Technologist 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 Formulation Technologist Salaries in Sierra Leone

So we've looked at the average salaries a Formulation Technologist will earn in Sierra Leone. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Formulation Technologist can earn between 26,639,300 SLL and 84,840,200 SLL on average in Sierra Leone. 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 Formulation Technologist in Sierra Leone is 55,440,900 SLL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 55,440,900 SLL, and 50% of the population earn more than 55,440,900 SLL.

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 Formulation Technologist salary in Sierra Leone, 25% of the population are earning less than 36,960,300 SLL while 75% of the population earn more than 36,960,300 SLL.

75% of the population earn less than 71,521,400 SLL, and 25% of the population earn more than 71,521,400 SLL.

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.

Formulation Technologist Salary by Experience Level in Sierra Leone

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 formulation technologist 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 Formulation Technologist in Sierra Leone that has less than two years of experience can expect to earn somewhere in the region of 31,559,900 SLL.
  • 2 - 5 Years Experience. With two to five years of experience the average Formulation Technologist salary would increase to 40,559,300 SLL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Formulation Technologist, the average salary would be 56,041,700 SLL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 69,359,500 SLL.
  • 15 - 20 Years Experience. A Formulation Technologist with 15 to 20 years of experience can earn an average of 74,399,600 SLL.
  • 20+ Years Experience. For a Formulation Technologist with more than 20 years, the expected average salary increases to 79,319,400 SLL.

Average Salary by Experience Chart

0-2 Years
31,559,900 SLL
2-5 Years +29%
40,559,300 SLL
5-10 Years +38%
56,041,700 SLL
10-15 Years +24%
69,359,500 SLL
15-20 Years +7%
74,399,600 SLL
20+ Years +7%
79,319,400 SLL

Formulation Technologist Salary by Education Level in Sierra Leone

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 Formulation Technologist in Sierra Leone 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. A Formulation Technologist in Sierra Leone with a bachelor's degree education can earn an average salary of 39,481,900 SLL.

  • Master's Degree. A Formulation Technologist in Sierra Leone with a master's degree education can earn an average salary of 63,241,900 SLL.

Average Salary by Education Chart

Bachelor's Degree
39,481,900 SLL
Master's Degree +60%
63,241,900 SLL

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 Sierra Leone is around 28,500,000 to 85,500,000 SLL 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.

Formulation Technologist 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 Sierra Leone, a male formulation technologist will earn an average of 56,998,400 SLL, while a female formulation technologist will earn around 50,281,100 SLL.

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

Average Salary by Gender Chart in Sierra Leone

Male
56,998,400 SLL
Female -13%
50,281,100 SLL

Formulation Technologist Average Pay Raise in Sierra Leone

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 Formulation Technologist in Sierra Leone is around 7% every 28 months.

The national average pay raise across all professions and industries in Sierra Leone 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Formulation Technologist in Sierra Leone can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Sierra Leone for 2024

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

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%

Formulation Technologist Bonus and Incentive Rates in Sierra Leone

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 Formulation Technologist is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% 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
38%
No Bonus
62%

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

Public Sector
71,878,800 SLL
Private Sector -14%
63,000,700 SLL

Salaries for Jobs Similar to a Formulation Technologist

In the table below, we have salary information for jobs that are similar to a Formulation Technologist in Sierra Leone.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 58,919,600 SLL
Algorithm Developer Science and Technical Services 82,439,700 SLL
Analytical Chemist Science and Technical Services 116,279,200 SLL
Anthropologist Science and Technical Services 91,079,200 SLL
Archeologist Science and Technical Services 78,719,700 SLL
Assistant Breeder Science and Technical Services 40,439,700 SLL
Astronomer Science and Technical Services 147,600,500 SLL
Atmospheric and Space Scientist Science and Technical Services 119,998,200 SLL
Behavior Analyst Science and Technical Services 81,961,200 SLL
Behavior Intervention Specialist Science and Technical Services 89,999,900 SLL
Behavior Specialist Science and Technical Services 83,160,200 SLL
Biochemist Science and Technical Services 129,601,700 SLL
Biofuels Processing Technician Science and Technical Services 53,040,100 SLL
Biofuels Production Manager Science and Technical Services 93,601,400 SLL
Biologist Science and Technical Services 131,998,300 SLL
Biomedical Laboratory Officer Science and Technical Services 50,878,500 SLL
Biomedical Scientist Science and Technical Services 141,598,200 SLL
Biophysicist Science and Technical Services 141,598,200 SLL
Chemical Engineer Science and Technical Services 61,321,600 SLL
Chemical Technologist Science and Technical Services 59,040,700 SLL
Chemist Science and Technical Services 123,599,800 SLL
Chief Technologist Science and Technical Services 121,199,300 SLL
Climate Change Analyst Science and Technical Services 83,759,700 SLL
Clinical Laboratory Scientist Science and Technical Services 142,799,100 SLL
Computer Scientist Science and Technical Services 99,601,100 SLL
Conservation Scientist Science and Technical Services 108,839,400 SLL
Data Science Specialist Science and Technical Services 82,198,700 SLL
Data Scientist Science and Technical Services 108,478,500 SLL
DNA Analyst Science and Technical Services 140,401,100 SLL
Ecologist Science and Technical Services 98,281,900 SLL
Economic Development Specialist Science and Technical Services 98,639,800 SLL
Flavourist Science and Technical Services 44,998,200 SLL
Food Scientist Science and Technical Services 91,201,900 SLL
Forensic Scientist Science and Technical Services 113,999,200 SLL
Fraud Investigator Science and Technical Services 65,280,600 SLL
Genomics Scientist Science and Technical Services 135,600,300 SLL
Geographer Science and Technical Services 75,959,500 SLL
Geographic Information Systems Technician Science and Technical Services 48,360,600 SLL
Geological Data Technician Science and Technical Services 47,401,700 SLL
Geological Technician Science and Technical Services 56,041,700 SLL
Geologist Science and Technical Services 108,000,700 SLL
Geomatics Scientist Science and Technical Services 105,241,800 SLL
Geophysical Data Technician Science and Technical Services 44,519,300 SLL
Geospatial Information Scientist and Technologist Science and Technical Services 102,359,100 SLL
Global Technical Lead Science and Technical Services 146,401,200 SLL
Hydrologist Science and Technical Services 91,439,200 SLL
Industrial Ecologist Science and Technical Services 92,158,600 SLL
Intelligence Analyst Science and Technical Services 82,080,500 SLL
Knowledge Management Specialist Science and Technical Services 64,681,900 SLL
Lab Analyst Science and Technical Services 57,118,900 SLL
Lab Manager Science and Technical Services 91,201,900 SLL
Lab Technician Science and Technical Services 42,119,100 SLL
Laboratory Manager Science and Technical Services 91,679,200 SLL
Laboratory Researcher Science and Technical Services 60,119,800 SLL
Laboratory Technician Science and Technical Services 39,718,900 SLL
Life Sciences Analyst Science and Technical Services 91,201,900 SLL
Life Scientist Science and Technical Services 111,001,800 SLL
Marine Architect Science and Technical Services 85,200,800 SLL
Marine Biologist Science and Technical Services 99,838,700 SLL
Marine Superintendent Science and Technical Services 57,961,400 SLL
Materials Analyst Science and Technical Services 58,199,900 SLL
Materials Scientist Science and Technical Services 105,358,700 SLL
Mathematician Science and Technical Services 111,001,800 SLL
Medical Scientist Science and Technical Services 146,401,200 SLL
Metallurgist Science and Technical Services 99,838,700 SLL
Meteorologist Science and Technical Services 99,358,600 SLL
Microbiologist Science and Technical Services 145,200,100 SLL
Natural Language Processing Researcher Science and Technical Services 85,318,400 SLL
Natural Resource Specialist Science and Technical Services 77,159,200 SLL
Natural Resources Analyst Science and Technical Services 83,040,600 SLL
Natural Sciences Manager Science and Technical Services 128,400,500 SLL
Nuclear Engineer Science and Technical Services 147,600,500 SLL
Physical Scientist Science and Technical Services 109,559,500 SLL
Physicist Science and Technical Services 134,400,400 SLL
Political Scientist Science and Technical Services 103,201,100 SLL
Polygraph Examiner Science and Technical Services 36,121,000 SLL
Polysomnographic Technologist Science and Technical Services 61,441,300 SLL
Product Development Scientist Science and Technical Services 113,281,500 SLL
Quantitative Research Analyst Science and Technical Services 89,281,500 SLL
Quantitative Researcher Science and Technical Services 88,921,600 SLL
Radiation Protection Specialist Science and Technical Services 71,521,400 SLL
Refrigeration Technician Science and Technical Services 31,081,900 SLL
Research Scientist Science and Technical Services 96,959,900 SLL
Risk Safety Engineer Science and Technical Services 62,760,700 SLL
Scientific Photographer Science and Technical Services 57,359,300 SLL
Scientific Programmer Science and Technical Services 80,998,900 SLL
Scientist Science and Technical Services 93,118,500 SLL
Service Engineer Science and Technical Services 59,398,900 SLL
Service Technician Science and Technical Services 42,601,100 SLL
Social Science Research Assistant Science and Technical Services 56,041,700 SLL
Social Scientist Science and Technical Services 103,201,100 SLL
Sociologist Science and Technical Services 98,761,000 SLL
Soil Scientist Science and Technical Services 82,678,400 SLL
Statistical Analyst Science and Technical Services 61,919,600 SLL
Statistical Assistant Science and Technical Services 44,998,200 SLL
Statistician Science and Technical Services 94,561,900 SLL
Survey Analyst Science and Technical Services 58,199,900 SLL
Survey Researcher Science and Technical Services 53,879,800 SLL
Surveying and Mapping Technician Science and Technical Services 36,480,500 SLL
Team Leader Science and Technical Services 82,198,700 SLL
Technical Manager Science and Technical Services 89,760,900 SLL
Technical Officer Science and Technical Services 41,878,100 SLL
Technical Service Director Science and Technical Services 123,599,800 SLL
Technical Services Regulatory Affairs Specialist Science and Technical Services 59,040,700 SLL
Technical Services Research and Development Manager Science and Technical Services 147,600,500 SLL
Technical Services Research Associate Science and Technical Services 68,398,200 SLL
Technical Services Research Coordinator Science and Technical Services 70,079,900 SLL
Technician Science and Technical Services 37,441,100 SLL
Water Ecologist Science and Technical Services 118,920,100 SLL
Wildlife Biologist Science and Technical Services 95,998,700 SLL

Salary Comparison by City

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

City Average Salary
Freetown 59,758,700 SLL

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Formulation Technologist Salary in Sierra Leone for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-formulation-technologist-salary-in-sierra-leone/.

  • "Average Formulation Technologist Salary in Sierra Leone for 2024". World Salaries, https://worldsalaries.com/average-formulation-technologist-salary-in-sierra-leone/. Accessed 28 March, 2024

  • Average Formulation Technologist Salary in Sierra Leone for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-formulation-technologist-salary-in-sierra-leone/.