Average Insurance Project Manager Salary in Iran for 2024

In this article, we will look at the average Insurance Project Manager salary for 2024 in Iran 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 Iranian rial. To keep things simple, we are using the IRR currency code instead of the currency symbol ï·¼.

How Much Does an Insurance Project Manager Make in Iran?

An Insurance Project Manager working in Iran will typically earn around 716,400,900 IRR per year, and this can range from the lowest average salary of about 373,199,400 IRR to the highest average salary of 1,096,800,900 IRR.

Average Annual Salary
716,400,900 IRR
Average Monthly Salary
59,700,075 IRR

Lowest Annual Salary
373,199,400 IRR
Lowest Monthly Salary
31,099,950 IRR

Highest Annual Salary
1,096,800,900 IRR
Highest Monthly Salary
91,400,075 IRR

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

Insurance Project 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 Insurance Project Manager Salaries in Iran

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

Salary ranges

We already know that an Insurance Project Manager can earn between 373,199,400 IRR and 1,096,800,900 IRR on average in Iran. 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 Insurance Project Manager in Iran is 687,601,700 IRR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 687,601,700 IRR, and 50% of the population earn more than 687,601,700 IRR.

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 Insurance Project Manager salary in Iran, 25% of the population are earning less than 477,599,000 IRR while 75% of the population earn more than 477,599,000 IRR.

75% of the population earn less than 856,801,100 IRR, and 25% of the population earn more than 856,801,100 IRR.

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.

Insurance Project Manager Salary by Experience Level in Iran

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 insurance project 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 Insurance Project Manager in Iran that has less than two years of experience can expect to earn somewhere in the region of 423,599,700 IRR.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Project Manager salary would increase to 568,800,800 IRR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Project Manager, the average salary would be 738,001,600 IRR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 893,999,400 IRR.
  • 15 - 20 Years Experience. An Insurance Project Manager with 15 to 20 years of experience can earn an average of 976,798,600 IRR.
  • 20+ Years Experience. For an Insurance Project Manager with more than 20 years, the expected average salary increases to 1,028,399,400 IRR.

Average Salary by Experience Chart

0-2 Years
423,599,700 IRR
2-5 Years +34%
568,800,800 IRR
5-10 Years +30%
738,001,600 IRR
10-15 Years +21%
893,999,400 IRR
15-20 Years +9%
976,798,600 IRR
20+ Years +5%
1,028,399,400 IRR

Insurance Project Manager Salary by Education Level in Iran

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 Insurance Project Manager in Iran 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 Insurance Project Manager in Iran with a bachelor's degree education can earn an average salary of 597,598,400 IRR.

  • Master's Degree. An Insurance Project Manager in Iran with a master's degree education can earn an average salary of 829,198,600 IRR.

Average Salary by Education Chart

Bachelor's Degree
597,598,400 IRR
Master's Degree +39%
829,198,600 IRR

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 Iran is around 224,000,000 to 672,000,000 IRR 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.

Insurance Project 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 Iran, a male insurance project manager will earn an average of 761,998,500 IRR, while a female insurance project manager will earn around 687,601,700 IRR.

This means that a male insurance project manager earns approximately 11% more than a female insurance project manager for performing the same job.

Average Salary by Gender Chart in Iran

Male
761,998,500 IRR
Female -11%
687,601,700 IRR

Insurance Project Manager Average Pay Raise in Iran

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 Insurance Project Manager in Iran is around 11% every 20 months.

The national average pay raise across all professions and industries in Iran is around 8% every 19 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 = ( 11 ÷ 20 ) × 12  = 7%

What this means is that an Insurance Project Manager in Iran can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Iran for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Insurance Project Manager Bonus and Incentive Rates in Iran

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 Insurance Project Manager is a moderate bonus based job, with 50% of employees reporting at least one bonus in the last 12 months.

50% 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 5%.

Received Bonus
50%
No Bonus
50%

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 Iran earn approximately 10% more than private sector employees in the same role.

Public Sector
568,800,800 IRR
Private Sector -10%
516,001,900 IRR

Salaries for Jobs Similar to an Insurance Project Manager

In the table below, we have salary information for jobs that are similar to an Insurance Project Manager in Iran.

Job Title Category Salary
Actuarial Analyst Insurance 734,401,100 IRR
Actuarial Assistant Insurance 518,399,000 IRR
Actuarial Specialist Insurance 525,598,700 IRR
Actuary Insurance 725,998,100 IRR
Adjustment Insurance Clerk Insurance 203,999,800 IRR
Assistant Broker Insurance 370,798,400 IRR
Assistant Claims Manager Insurance 597,598,400 IRR
Associate Insurance Representative Insurance 282,000,500 IRR
Auditing Insurance Manager Insurance 816,001,900 IRR
Broker Insurance 549,598,900 IRR
Claim Advocacy Professional Insurance 585,599,100 IRR
Claims Adjuster Insurance 203,999,800 IRR
Claims Analyst Insurance 286,800,900 IRR
Claims Examiner Insurance 288,001,300 IRR
Claims Manager Insurance 782,398,900 IRR
Claims Processor Insurance 206,398,800 IRR
Claims Representative Insurance 249,599,700 IRR
Claims Resolution Specialist Insurance 630,000,700 IRR
Claims Supervisor Insurance 550,801,400 IRR
Complaints Specialist Insurance 499,200,800 IRR
Compliance Examiner Insurance 533,998,600 IRR
Compliance Officer Insurance 444,000,800 IRR
Compliance Reviewer Insurance 527,998,500 IRR
Consultant Insurance 562,799,100 IRR
Eligibility Interviewer Insurance 589,201,600 IRR
Eligibility Specialist Insurance 559,198,700 IRR
Insurance Account Manager Insurance 662,400,600 IRR
Insurance Accounts Executive Insurance 592,799,300 IRR
Insurance Adjuster Insurance 529,200,100 IRR
Insurance Agent Insurance 322,798,700 IRR
Insurance Analyst Insurance 545,998,900 IRR
Insurance Appraiser Insurance 594,001,800 IRR
Insurance Claims Clerk Insurance 199,199,700 IRR
Insurance Examiner Insurance 493,199,500 IRR
Insurance Investigator Insurance 507,601,800 IRR
Insurance Manager Insurance 957,601,700 IRR
Insurance Operations Manager Insurance 968,400,900 IRR
Insurance Policy Processing Clerk Insurance 200,401,500 IRR
Insurance Pricing Assistant Insurance 444,000,800 IRR
Insurance Program Manager Insurance 765,601,700 IRR
Insurance Quality Assurance Agent Insurance 477,599,000 IRR
Insurance Sales Agent Insurance 321,599,700 IRR
Insurance Sales Director Insurance 900,000,900 IRR
Insurance Sales Manager Insurance 740,399,200 IRR
Insurance Sales Representative Insurance 282,000,500 IRR
Insurance Team Leader Insurance 610,799,800 IRR
Insurance Underwriter Insurance 433,201,800 IRR
Loss Control Specialist Insurance 571,201,000 IRR
Loss Prevention Investigator Insurance 616,800,700 IRR
Loss Prevention Manager Insurance 782,398,900 IRR
Loss Prevention Specialist Insurance 573,598,600 IRR
Marine Underwriter Insurance 412,798,200 IRR
Medical Auditor Insurance 565,199,700 IRR
Monitoring and Performance Officer Insurance 399,598,300 IRR
Payment Services Specialist Insurance 594,001,800 IRR
Policy Change Director Insurance 873,599,800 IRR
Policy Change Supervisor Insurance 603,601,900 IRR
Policy Change Technician Insurance 271,201,600 IRR
Risk Analyst Insurance 628,801,200 IRR
Risk Management Director Insurance 1,092,001,300 IRR
Risk Management Supervisor Insurance 706,800,800 IRR
Risk Manager Insurance 1,054,801,800 IRR
Risk Modeling Manager Insurance 1,055,999,400 IRR
Title Insurance Typist Insurance 484,801,100 IRR
Training Manager Insurance 648,001,800 IRR

Salary Comparison by City

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

City Average Salary
Tehran 821,999,500 IRR

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