Average Managing Director Salary in El Salvador for 2024

In this article, we will look at the average Managing Director salary for 2024 in El Salvador 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Managing Director Make in El Salvador?

A Managing Director working in El Salvador will typically earn around 37,380 USD per year, and this can range from the lowest average salary of about 19,220 USD to the highest average salary of 57,440 USD.

Average Annual Salary
37,380 USD
Average Monthly Salary
3,115 USD

Lowest Annual Salary
19,220 USD
Lowest Monthly Salary
1,601 USD

Highest Annual Salary
57,440 USD
Highest Monthly Salary
4,786 USD

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

Managing Director 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 Managing Director Salaries in El Salvador

So we've looked at the average salaries a Managing Director will earn in El Salvador. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Managing Director can earn between 19,220 USD and 57,440 USD on average in El Salvador. 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 Managing Director in El Salvador is 40,420 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 40,420 USD, and 50% of the population earn more than 40,420 USD.

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 Managing Director salary in El Salvador, 25% of the population are earning less than 27,380 USD while 75% of the population earn more than 27,380 USD.

75% of the population earn less than 50,520 USD, and 25% of the population earn more than 50,520 USD.

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.

Managing Director Salary by Experience Level in El Salvador

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 managing director 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 Managing Director in El Salvador that has less than two years of experience can expect to earn somewhere in the region of 21,020 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Managing Director salary would increase to 30,700 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Managing Director, the average salary would be 40,560 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 49,360 USD.
  • 15 - 20 Years Experience. A Managing Director with 15 to 20 years of experience can earn an average of 52,180 USD.
  • 20+ Years Experience. For a Managing Director with more than 20 years, the expected average salary increases to 58,200 USD.

Average Salary by Experience Chart

0-2 Years
21,020 USD
2-5 Years +42%
30,700 USD
5-10 Years +31%
40,560 USD
10-15 Years +23%
49,360 USD
15-20 Years +6%
52,180 USD
20+ Years +10%
58,200 USD

Managing Director Salary by Education Level in El Salvador

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 Managing Director in El Salvador 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 Managing Director in El Salvador with a high school education can earn an average salary of 26,080 USD.

  • Certificate or Diploma. A Managing Director in El Salvador with a certificate or diploma education can earn an average salary of 31,660 USD.

  • Bachelor's Degree. A Managing Director in El Salvador with a bachelor's degree education can earn an average salary of 45,580 USD.

  • Master's Degree. A Managing Director in El Salvador with a master's degree education can earn an average salary of 54,700 USD.

Average Salary by Education Chart

High School
26,080 USD
Certificate or Diploma +16%
31,660 USD
Bachelor's Degree +46%
45,580 USD
Master's Degree +23%
54,700 USD

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 El Salvador is around 8,530 to 25,600 USD 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.

Managing Director 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 El Salvador, a male managing director will earn an average of 40,240 USD, while a female managing director will earn around 36,020 USD.

This means that a male managing director earns approximately 12% more than a female managing director for performing the same job.

Average Salary by Gender Chart in El Salvador

Male
40,240 USD
Female -12%
36,020 USD

Managing Director Average Pay Raise in El Salvador

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 Managing Director in El Salvador is around 9% every 29 months.

The national average pay raise across all professions and industries in El Salvador 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 ÷ 29 ) × 12  = 4%

What this means is that a Managing Director in El Salvador can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in El Salvador for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Managing Director Bonus and Incentive Rates in El Salvador

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 Managing Director is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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
66%
No Bonus
34%

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 El Salvador earn approximately 39% more than private sector employees in the same role.

Public Sector
23,520 USD
Private Sector -39%
16,980 USD

Salaries for Jobs Similar to a Managing Director

In the table below, we have salary information for jobs that are similar to a Managing Director in El Salvador.

Job Title Category Salary
Account Coordinator Executive and Management 18,940 USD
Account Director Executive and Management 23,520 USD
Account Executive Executive and Management 22,660 USD
Account Manager Executive and Management 21,380 USD
Administration Manager Executive and Management 22,540 USD
Administration Officer Executive and Management 12,520 USD
Administration Supervisor Executive and Management 18,900 USD
Administrative Clerk Executive and Management 7,240 USD
Administrative Officer Executive and Management 7,080 USD
Area Director Executive and Management 21,640 USD
Area Manager Executive and Management 19,980 USD
Asset Protection Associate Executive and Management 23,480 USD
Assistant Director Executive and Management 22,540 USD
Assistant General Manager Executive and Management 23,480 USD
Assistant Manager Executive and Management 24,720 USD
Assistant Managing Director Executive and Management 26,280 USD
Assistant Operations Manager Executive and Management 26,660 USD
Assistant Project Manager Executive and Management 24,840 USD
Assistant Section Head Executive and Management 19,480 USD
Assistant to CEO Executive and Management 19,940 USD
Assistant Vice President Executive and Management 24,800 USD
Associate Account Director Executive and Management 23,660 USD
Associate Director Executive and Management 24,840 USD
Bid Manager Executive and Management 25,720 USD
Branch Manager Executive and Management 23,360 USD
Business Development Manager Executive and Management 26,400 USD
Business Operations Associate Executive and Management 25,220 USD
Business Operations Lead Executive and Management 22,400 USD
Campaign Manager Executive and Management 28,820 USD
Catering Coordinator Executive and Management 11,880 USD
Catering Manager Executive and Management 24,840 USD
CEO Executive and Management 43,520 USD
Chairman of The Board Executive and Management 45,060 USD
Chairman Office Manager Executive and Management 26,100 USD
Chief Commercial Officer Executive and Management 32,900 USD
Chief Corporate Officer Executive and Management 36,020 USD
Chief Executive Officer Executive and Management 47,760 USD
Chief Financial Officer Executive and Management 40,040 USD
Chief Investment Officer Executive and Management 34,960 USD
Chief of Staff Executive and Management 20,940 USD
Chief Operating Officer Executive and Management 32,420 USD
Chief Risk Officer Executive and Management 26,280 USD
Client Account Manager Executive and Management 25,660 USD
Client Accounts Officer Executive and Management 23,520 USD
Client Services Manager Executive and Management 28,900 USD
Commercial Director Executive and Management 30,700 USD
Commercial Manager Executive and Management 27,300 USD
Commercial Project Manager Executive and Management 23,140 USD
Commodity Broker Executive and Management 19,200 USD
COO Executive and Management 34,360 USD
Corporate Affairs Executive Executive and Management 27,620 USD
Corporate Compliance Director Executive and Management 26,400 USD
Corporate Director Executive and Management 31,180 USD
Corporate Officer Executive and Management 20,000 USD
Corporate Partnerships Officer Executive and Management 23,520 USD
Country Manager Executive and Management 35,300 USD
Department Head Executive and Management 29,040 USD
Department Manager Executive and Management 26,080 USD
Department Supervisor Executive and Management 23,140 USD
Deputy Director Executive and Management 31,960 USD
Deputy Manager Executive and Management 29,600 USD
Director Executive and Management 34,380 USD
Director of Accreditation Executive and Management 26,860 USD
Director of Catering Services Executive and Management 26,660 USD
Director of Client Services Executive and Management 26,400 USD
Director of Facilities Management Executive and Management 23,140 USD
Director of Operations Executive and Management 30,700 USD
Director of Process Simplification Executive and Management 21,980 USD
Director of Product Management Executive and Management 30,800 USD
Director of Project Management Executive and Management 29,160 USD
Director of Revenue Management Executive and Management 27,300 USD
Director of Training and Development Executive and Management 27,480 USD
Distribution Manager Executive and Management 29,640 USD
Division Manager Executive and Management 25,720 USD
Duty Manager Executive and Management 26,080 USD
Engagement Manager Executive and Management 33,120 USD
Executive Director Executive and Management 40,600 USD
Executive Manager Executive and Management 36,020 USD
Franchise Manager Executive and Management 40,560 USD
General Manager Executive and Management 34,120 USD
Global Master Data Manager Executive and Management 33,120 USD
Global Technical Lead Executive and Management 21,020 USD
Head of Investment Executive and Management 31,660 USD
Head of Middle Office Executive and Management 26,780 USD
Head of Projects Executive and Management 28,860 USD
Head of Strategy Executive and Management 35,340 USD
Head of Supply Chain Executive and Management 28,820 USD
Head of Sustainability Executive and Management 22,400 USD
Housing Manager Executive and Management 23,660 USD
HSE Manager Executive and Management 23,660 USD
Key Account Manager Executive and Management 24,200 USD
Knowledge Manager Executive and Management 29,320 USD
Location Manager Executive and Management 26,500 USD
Logistics Executive Executive and Management 23,480 USD
Logistics Manager Executive and Management 25,220 USD
Management Consultant Executive and Management 24,280 USD
Management Executive Executive and Management 31,380 USD
Manager Executive and Management 29,320 USD
MIS Executive Executive and Management 27,480 USD
Ocean Services Manager Executive and Management 31,960 USD
Operational Manager Executive and Management 28,680 USD
Operations Analyst Executive and Management 27,380 USD
Operations Assistant Executive and Management 20,460 USD
Operations Director Executive and Management 31,520 USD
Operations Executive Executive and Management 31,180 USD
Operations Manager Executive and Management 32,200 USD
Operations Supervisor Executive and Management 26,780 USD
Planning Director Executive and Management 33,440 USD
PMO Manager Executive and Management 29,540 USD
Policy Administration Executive Executive and Management 25,160 USD
Private Sector Executive Executive and Management 26,100 USD
Product Development Manager Executive and Management 27,480 USD
Product Executive Executive and Management 27,020 USD
Production Executive Executive and Management 29,320 USD
Production Manager Executive and Management 31,660 USD
Production Supervisor Executive and Management 27,020 USD
Program Director Executive and Management 29,600 USD
Program Manager Executive and Management 30,700 USD
Programme Coordinator Executive and Management 21,640 USD
Project Control Manager Executive and Management 31,080 USD
Project Coordinator Executive and Management 18,780 USD
Project Management Officer Executive and Management 19,940 USD
Project Manager Executive and Management 23,500 USD
Project Portfolio Manager Executive and Management 23,480 USD
Quality Manager Executive and Management 23,260 USD
R/D Director Executive and Management 28,660 USD
Regional Director Executive and Management 39,560 USD
Regional Manager Executive and Management 31,660 USD
Relationship Manager Executive and Management 31,940 USD
Retail District Manager Executive and Management 20,460 USD
Revenue Manager Executive and Management 21,980 USD
Risk and Capital Manager Executive and Management 34,160 USD
Risk Officer Executive and Management 23,660 USD
Safety Manager Executive and Management 24,280 USD
Section Head Executive and Management 22,660 USD
Service Manager Executive and Management 23,660 USD
Shift Supervisor Executive and Management 19,220 USD
Solutions Manager Executive and Management 19,940 USD
Supervisor Executive and Management 16,980 USD
Supply Chain Manager Executive and Management 31,940 USD
Surveyor Executive and Management 20,000 USD
Technical Director Executive and Management 30,840 USD
Technical Manager Executive and Management 27,020 USD
Territory Manager Executive and Management 30,840 USD
Validation Manager Executive and Management 25,720 USD
Vice President Executive and Management 36,940 USD
Zone Manager Executive and Management 32,960 USD

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