Average Leasing Consultant Salary in Eritrea for 2024

In this article, we will look at the average Leasing Consultant salary for 2024 in Eritrea 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 Eritrean nakfa. To keep things simple, we are using the ERN currency code instead of the currency symbol Nfk.

How Much Does a Leasing Consultant Make in Eritrea?

A Leasing Consultant working in Eritrea will typically earn around 84,040 ERN per year, and this can range from the lowest average salary of about 43,220 ERN to the highest average salary of 129,000 ERN.

Average Annual Salary
84,040 ERN
Average Monthly Salary
7,003 ERN

Lowest Annual Salary
43,220 ERN
Lowest Monthly Salary
3,601 ERN

Highest Annual Salary
129,000 ERN
Highest Monthly Salary
10,750 ERN

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

Leasing Consultant 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 Leasing Consultant Salaries in Eritrea

So we've looked at the average salaries a Leasing Consultant will earn in Eritrea. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Leasing Consultant can earn between 43,220 ERN and 129,000 ERN on average in Eritrea. 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 Leasing Consultant in Eritrea is 82,160 ERN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 82,160 ERN, and 50% of the population earn more than 82,160 ERN.

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 Leasing Consultant salary in Eritrea, 25% of the population are earning less than 54,560 ERN while 75% of the population earn more than 54,560 ERN.

75% of the population earn less than 103,820 ERN, and 25% of the population earn more than 103,820 ERN.

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.

Leasing Consultant Salary by Experience Level in Eritrea

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 leasing consultant 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 Leasing Consultant in Eritrea that has less than two years of experience can expect to earn somewhere in the region of 47,580 ERN.
  • 2 - 5 Years Experience. With two to five years of experience the average Leasing Consultant salary would increase to 61,620 ERN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Leasing Consultant, the average salary would be 87,880 ERN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 105,620 ERN.
  • 15 - 20 Years Experience. A Leasing Consultant with 15 to 20 years of experience can earn an average of 113,840 ERN.
  • 20+ Years Experience. For a Leasing Consultant with more than 20 years, the expected average salary increases to 125,100 ERN.

Average Salary by Experience Chart

0-2 Years
47,580 ERN
2-5 Years +31%
61,620 ERN
5-10 Years +40%
87,880 ERN
10-15 Years +20%
105,620 ERN
15-20 Years +9%
113,840 ERN
20+ Years +8%
125,100 ERN

Leasing Consultant Salary by Education Level in Eritrea

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 Leasing Consultant in Eritrea 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 Leasing Consultant in Eritrea with a high school education can earn an average salary of 53,320 ERN.

  • Certificate or Diploma. A Leasing Consultant in Eritrea with a certificate or diploma education can earn an average salary of 80,840 ERN.

  • Bachelor's Degree. A Leasing Consultant in Eritrea with a bachelor's degree education can earn an average salary of 125,100 ERN.

Average Salary by Education Chart

High School
53,320 ERN
Certificate or Diploma +47%
80,840 ERN
Bachelor's Degree +53%
125,100 ERN

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 Eritrea is around 34,200 to 103,000 ERN 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.

Leasing Consultant 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 Eritrea, a male leasing consultant will earn an average of 89,460 ERN, while a female leasing consultant will earn around 76,440 ERN.

This means that a male leasing consultant earns approximately 17% more than a female leasing consultant for performing the same job.

Average Salary by Gender Chart in Eritrea

Male
89,460 ERN
Female -17%
76,440 ERN

Leasing Consultant Average Pay Raise in Eritrea

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 Leasing Consultant in Eritrea is around 7% every 29 months.

The national average pay raise across all professions and industries in Eritrea 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 ÷ 29 ) × 12  = 3%

What this means is that a Leasing Consultant in Eritrea can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Eritrea for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Leasing Consultant Bonus and Incentive Rates in Eritrea

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 Leasing Consultant is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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
36%
No Bonus
64%

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 Eritrea earn approximately 24% more than private sector employees in the same role.

Public Sector
90,540 ERN
Private Sector -24%
72,740 ERN

Salaries for Jobs Similar to a Leasing Consultant

In the table below, we have salary information for jobs that are similar to a Leasing Consultant in Eritrea.

Job Title Category Salary
Acquisition Associate Real Estate 62,860 ERN
Assistant Leasing Manager Real Estate 80,640 ERN
Assistant Property Manager Real Estate 85,940 ERN
Brokerage Real Estate 69,240 ERN
Brokerage Clerk Real Estate 35,000 ERN
Commercial Leasing Manager Real Estate 136,200 ERN
Commercial Real Estate Manager Real Estate 138,200 ERN
Community Development Manager Real Estate 128,500 ERN
Compliance Specialist Real Estate 64,180 ERN
Development Coordinator Real Estate 62,460 ERN
Director of Real Estate Real Estate 151,800 ERN
Lease Administrator Real Estate 86,460 ERN
Leasing Agent Real Estate 66,140 ERN
Leasing Manager Real Estate 95,760 ERN
Lettings Assistant Real Estate 33,440 ERN
Portfolio Analyst Real Estate 107,880 ERN
Portfolio Manager Real Estate 159,500 ERN
Property Acquisition Agent Real Estate 60,920 ERN
Property and Claims Specialist Real Estate 83,020 ERN
Property Manager Real Estate 97,640 ERN
Property Operations Manager Real Estate 138,800 ERN
Property Tax Assistant Real Estate 63,480 ERN
Real Estate Administrator Real Estate 74,940 ERN
Real Estate Agent Real Estate 66,180 ERN
Real Estate Analyst Real Estate 90,980 ERN
Real Estate Appraiser Real Estate 70,260 ERN
Real Estate Appraiser Real Estate 72,700 ERN
Real Estate Appraiser Real Estate 77,060 ERN
Real Estate Assistant Real Estate 61,680 ERN
Real Estate Association Manager Real Estate 93,600 ERN
Real Estate Broker Real Estate 68,580 ERN
Real Estate General Manager Real Estate 136,200 ERN
Real Estate Project Director Real Estate 136,100 ERN
Real Estate Project Manager Real Estate 124,400 ERN
Real Estate Sales Agent Real Estate 69,540 ERN
Real Estate Valuer Real Estate 74,620 ERN
Research Analyst Real Estate 60,600 ERN
Residential Advisor Real Estate 85,460 ERN
Residential Property Manager Real Estate 93,280 ERN
Shopping Center Manager Real Estate 139,100 ERN
Town Planner Real Estate 143,200 ERN

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