Average Head of Strategy Salary in Solomon Islands for 2024

In this article, we will look at the average Head of Strategy salary for 2024 in Solomon Islands 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 Solomon Islands dollar. To keep things simple, we are using the SBD currency code instead of the currency symbol $.

How Much Does a Head of Strategy Make in Solomon Islands?

A Head of Strategy working in Solomon Islands will typically earn around 119,700 SBD per year, and this can range from the lowest average salary of about 56,140 SBD to the highest average salary of 192,600 SBD.

Average Annual Salary
119,700 SBD
Average Monthly Salary
9,975 SBD

Lowest Annual Salary
56,140 SBD
Lowest Monthly Salary
4,678 SBD

Highest Annual Salary
192,600 SBD
Highest Monthly Salary
16,050 SBD

These are average salaries for a Head of Strategy in Solomon Islands and include benefits such as housing and transport. It's also possible for a Head of Strategy to earn more or less than the average salaries shown above.

Head of Strategy 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 Head of Strategy Salaries in Solomon Islands

So we've looked at the average salaries a Head of Strategy will earn in Solomon Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Head of Strategy can earn between 56,140 SBD and 192,600 SBD on average in Solomon Islands. 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 Head of Strategy in Solomon Islands is 128,500 SBD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 128,500 SBD, and 50% of the population earn more than 128,500 SBD.

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 Head of Strategy salary in Solomon Islands, 25% of the population are earning less than 82,720 SBD while 75% of the population earn more than 82,720 SBD.

75% of the population earn less than 172,200 SBD, and 25% of the population earn more than 172,200 SBD.

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.

Head of Strategy Salary by Experience Level in Solomon Islands

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 head of strategy 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 Head of Strategy in Solomon Islands that has less than two years of experience can expect to earn somewhere in the region of 61,580 SBD.
  • 2 - 5 Years Experience. With two to five years of experience the average Head of Strategy salary would increase to 83,300 SBD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Head of Strategy, the average salary would be 124,400 SBD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 152,100 SBD.
  • 15 - 20 Years Experience. A Head of Strategy with 15 to 20 years of experience can earn an average of 164,200 SBD.
  • 20+ Years Experience. For a Head of Strategy with more than 20 years, the expected average salary increases to 180,300 SBD.

Average Salary by Experience Chart

0-2 Years
61,580 SBD
2-5 Years +34%
83,300 SBD
5-10 Years +48%
124,400 SBD
10-15 Years +22%
152,100 SBD
15-20 Years +9%
164,200 SBD
20+ Years +8%
180,300 SBD

Head of Strategy Salary by Education Level in Solomon Islands

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 Head of Strategy in Solomon Islands 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 Head of Strategy in Solomon Islands with a high school education can earn an average salary of 76,280 SBD.

  • Certificate or Diploma. A Head of Strategy in Solomon Islands with a certificate or diploma education can earn an average salary of 89,340 SBD.

  • Bachelor's Degree. A Head of Strategy in Solomon Islands with a bachelor's degree education can earn an average salary of 130,400 SBD.

  • Master's Degree. A Head of Strategy in Solomon Islands with a master's degree education can earn an average salary of 172,400 SBD.

Average Salary by Education Chart

High School
76,280 SBD
Certificate or Diploma +18%
89,340 SBD
Bachelor's Degree +45%
130,400 SBD
Master's Degree +31%
172,400 SBD

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 Solomon Islands is around 31,700 to 95,200 SBD 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.

Head of Strategy 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 Solomon Islands, a male head of strategy will earn an average of 128,500 SBD, while a female head of strategy will earn around 110,500 SBD.

This means that a male head of strategy earns approximately 16% more than a female head of strategy for performing the same job.

Average Salary by Gender Chart in Solomon Islands

Male
128,500 SBD
Female -16%
110,500 SBD

Head of Strategy Average Pay Raise in Solomon Islands

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 Head of Strategy in Solomon Islands is around 9% every 28 months.

The national average pay raise across all professions and industries in Solomon Islands 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Head of Strategy in Solomon Islands can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Solomon Islands for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Head of Strategy Bonus and Incentive Rates in Solomon Islands

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 Head of Strategy is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% 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
68%
No Bonus
32%

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 Solomon Islands earn approximately 9% more than private sector employees in the same role.

Public Sector
78,400 SBD
Private Sector -9%
72,120 SBD

Salaries for Jobs Similar to a Head of Strategy

In the table below, we have salary information for jobs that are similar to a Head of Strategy in Solomon Islands.

Job Title Category Salary
Account Coordinator Executive and Management 66,820 SBD
Account Director Executive and Management 81,960 SBD
Account Executive Executive and Management 80,760 SBD
Account Manager Executive and Management 77,860 SBD
Administration Manager Executive and Management 78,480 SBD
Administration Officer Executive and Management 42,320 SBD
Administration Supervisor Executive and Management 67,560 SBD
Administrative Clerk Executive and Management 31,980 SBD
Administrative Officer Executive and Management 31,960 SBD
Area Director Executive and Management 78,480 SBD
Area Manager Executive and Management 77,340 SBD
Asset Protection Associate Executive and Management 84,180 SBD
Assistant Director Executive and Management 87,520 SBD
Assistant General Manager Executive and Management 89,460 SBD
Assistant Manager Executive and Management 91,560 SBD
Assistant Managing Director Executive and Management 99,100 SBD
Assistant Operations Manager Executive and Management 99,340 SBD
Assistant Project Manager Executive and Management 87,020 SBD
Assistant Section Head Executive and Management 72,180 SBD
Assistant to CEO Executive and Management 80,520 SBD
Assistant Vice President Executive and Management 87,760 SBD
Associate Account Director Executive and Management 86,760 SBD
Associate Director Executive and Management 87,640 SBD
Bid Manager Executive and Management 93,340 SBD
Branch Manager Executive and Management 96,500 SBD
Business Development Manager Executive and Management 104,040 SBD
Business Operations Associate Executive and Management 82,520 SBD
Business Operations Lead Executive and Management 85,760 SBD
Campaign Manager Executive and Management 95,420 SBD
Catering Coordinator Executive and Management 50,620 SBD
Catering Manager Executive and Management 81,880 SBD
CEO Executive and Management 161,600 SBD
Chairman of The Board Executive and Management 158,700 SBD
Chairman Office Manager Executive and Management 101,980 SBD
Chief Commercial Officer Executive and Management 116,180 SBD
Chief Corporate Officer Executive and Management 129,000 SBD
Chief Executive Officer Executive and Management 169,000 SBD
Chief Financial Officer Executive and Management 148,300 SBD
Chief Investment Officer Executive and Management 119,700 SBD
Chief of Staff Executive and Management 79,600 SBD
Chief Operating Officer Executive and Management 127,700 SBD
Chief Risk Officer Executive and Management 104,080 SBD
Client Account Manager Executive and Management 93,880 SBD
Client Accounts Officer Executive and Management 80,580 SBD
Client Services Manager Executive and Management 103,440 SBD
Commercial Director Executive and Management 104,900 SBD
Commercial Manager Executive and Management 96,220 SBD
Commercial Project Manager Executive and Management 82,520 SBD
Commodity Broker Executive and Management 62,860 SBD
COO Executive and Management 123,400 SBD
Corporate Affairs Executive Executive and Management 97,060 SBD
Corporate Compliance Director Executive and Management 111,240 SBD
Corporate Director Executive and Management 113,560 SBD
Corporate Officer Executive and Management 80,180 SBD
Corporate Partnerships Officer Executive and Management 78,160 SBD
Country Manager Executive and Management 127,700 SBD
Department Head Executive and Management 101,860 SBD
Department Manager Executive and Management 104,040 SBD
Department Supervisor Executive and Management 89,800 SBD
Deputy Director Executive and Management 118,060 SBD
Deputy Manager Executive and Management 118,380 SBD
Director Executive and Management 123,400 SBD
Director of Accreditation Executive and Management 111,700 SBD
Director of Catering Services Executive and Management 98,120 SBD
Director of Client Services Executive and Management 105,440 SBD
Director of Facilities Management Executive and Management 92,400 SBD
Director of Operations Executive and Management 105,300 SBD
Director of Process Simplification Executive and Management 85,880 SBD
Director of Product Management Executive and Management 105,440 SBD
Director of Project Management Executive and Management 110,340 SBD
Director of Revenue Management Executive and Management 99,340 SBD
Director of Training and Development Executive and Management 106,600 SBD
Distribution Manager Executive and Management 113,420 SBD
Division Manager Executive and Management 92,720 SBD
Duty Manager Executive and Management 89,120 SBD
Engagement Manager Executive and Management 115,080 SBD
Executive Director Executive and Management 163,800 SBD
Executive Manager Executive and Management 136,100 SBD
Franchise Manager Executive and Management 138,200 SBD
General Manager Executive and Management 128,500 SBD
Global Master Data Manager Executive and Management 115,260 SBD
Global Technical Lead Executive and Management 78,420 SBD
Head of Investment Executive and Management 105,440 SBD
Head of Middle Office Executive and Management 100,280 SBD
Head of Projects Executive and Management 109,000 SBD
Head of Supply Chain Executive and Management 99,560 SBD
Head of Sustainability Executive and Management 90,900 SBD
Housing Manager Executive and Management 82,520 SBD
HSE Manager Executive and Management 84,800 SBD
Key Account Manager Executive and Management 87,060 SBD
Knowledge Manager Executive and Management 102,160 SBD
Location Manager Executive and Management 101,120 SBD
Logistics Executive Executive and Management 86,460 SBD
Logistics Manager Executive and Management 80,280 SBD
Management Consultant Executive and Management 86,640 SBD
Management Executive Executive and Management 115,640 SBD
Manager Executive and Management 105,940 SBD
Managing Director Executive and Management 134,600 SBD
MIS Executive Executive and Management 111,240 SBD
Ocean Services Manager Executive and Management 112,760 SBD
Operational Manager Executive and Management 112,620 SBD
Operations Analyst Executive and Management 91,660 SBD
Operations Assistant Executive and Management 78,960 SBD
Operations Director Executive and Management 127,700 SBD
Operations Executive Executive and Management 117,100 SBD
Operations Manager Executive and Management 117,600 SBD
Operations Supervisor Executive and Management 95,420 SBD
Planning Director Executive and Management 117,440 SBD
PMO Manager Executive and Management 104,080 SBD
Policy Administration Executive Executive and Management 92,720 SBD
Private Sector Executive Executive and Management 97,900 SBD
Product Development Manager Executive and Management 105,440 SBD
Product Executive Executive and Management 91,520 SBD
Production Executive Executive and Management 110,500 SBD
Production Manager Executive and Management 114,820 SBD
Production Supervisor Executive and Management 87,940 SBD
Program Director Executive and Management 109,000 SBD
Program Manager Executive and Management 115,220 SBD
Programme Coordinator Executive and Management 73,100 SBD
Project Control Manager Executive and Management 114,940 SBD
Project Coordinator Executive and Management 70,940 SBD
Project Management Officer Executive and Management 79,280 SBD
Project Manager Executive and Management 83,420 SBD
Project Portfolio Manager Executive and Management 86,640 SBD
Quality Manager Executive and Management 88,480 SBD
R/D Director Executive and Management 92,720 SBD
Regional Director Executive and Management 152,100 SBD
Regional Manager Executive and Management 115,600 SBD
Relationship Manager Executive and Management 110,120 SBD
Retail District Manager Executive and Management 74,060 SBD
Revenue Manager Executive and Management 86,740 SBD
Risk and Capital Manager Executive and Management 125,100 SBD
Risk Officer Executive and Management 80,640 SBD
Safety Manager Executive and Management 83,020 SBD
Section Head Executive and Management 87,000 SBD
Service Manager Executive and Management 88,480 SBD
Shift Supervisor Executive and Management 69,540 SBD
Solutions Manager Executive and Management 77,380 SBD
Supervisor Executive and Management 66,120 SBD
Supply Chain Manager Executive and Management 117,440 SBD
Surveyor Executive and Management 72,380 SBD
Technical Director Executive and Management 99,460 SBD
Technical Manager Executive and Management 104,500 SBD
Territory Manager Executive and Management 107,900 SBD
Validation Manager Executive and Management 87,040 SBD
Vice President Executive and Management 134,600 SBD
Zone Manager Executive and Management 115,080 SBD

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