Average Managing Director Salary in Ukraine for 2024

In this article, we will look at the average Managing Director salary for 2024 in Ukraine 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 Ukrainian hryvnia. To keep things simple, we are using the UAH currency code instead of the currency symbol โ‚ด.

How Much Does a Managing Director Make in Ukraine?

A Managing Director working in Ukraine will typically earn around 528,500 UAH per year, and this can range from the lowest average salary of about 247,800 UAH to the highest average salary of 832,300 UAH.

Average Annual Salary
528,500 UAH
Average Monthly Salary
44,041 UAH

Lowest Annual Salary
247,800 UAH
Lowest Monthly Salary
20,650 UAH

Highest Annual Salary
832,300 UAH
Highest Monthly Salary
69,358 UAH

These are average salaries for a Managing Director in Ukraine 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 Ukraine

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

Salary ranges

We already know that a Managing Director can earn between 247,800 UAH and 832,300 UAH on average in Ukraine. 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 Ukraine is 559,000 UAH. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 559,000 UAH, and 50% of the population earn more than 559,000 UAH.

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 Ukraine, 25% of the population are earning less than 365,400 UAH while 75% of the population earn more than 365,400 UAH.

75% of the population earn less than 739,500 UAH, and 25% of the population earn more than 739,500 UAH.

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 Ukraine

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 Ukraine that has less than two years of experience can expect to earn somewhere in the region of 288,100 UAH.
  • 2 - 5 Years Experience. With two to five years of experience the average Managing Director salary would increase to 394,300 UAH.
  • 5 - 10 Years Experience. From five to ten years of experience as a Managing Director, the average salary would be 562,200 UAH.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 683,800 UAH.
  • 15 - 20 Years Experience. A Managing Director with 15 to 20 years of experience can earn an average of 724,300 UAH.
  • 20+ Years Experience. For a Managing Director with more than 20 years, the expected average salary increases to 788,000 UAH.

Average Salary by Experience Chart

0-2 Years
288,100 UAH
2-5 Years +38%
394,300 UAH
5-10 Years +42%
562,200 UAH
10-15 Years +22%
683,800 UAH
15-20 Years +6%
724,300 UAH
20+ Years +9%
788,000 UAH

Managing Director Salary by Education Level in Ukraine

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 Ukraine 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 Ukraine with a high school education can earn an average salary of 353,600 UAH.

  • Certificate or Diploma. A Managing Director in Ukraine with a certificate or diploma education can earn an average salary of 414,000 UAH.

  • Bachelor's Degree. A Managing Director in Ukraine with a bachelor's degree education can earn an average salary of 598,600 UAH.

  • Master's Degree. A Managing Director in Ukraine with a master's degree education can earn an average salary of 788,000 UAH.

Average Salary by Education Chart

High School
353,600 UAH
Certificate or Diploma +17%
414,000 UAH
Bachelor's Degree +45%
598,600 UAH
Master's Degree +31%
788,000 UAH

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 Ukraine is around 115,000 to 344,000 UAH 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 Ukraine, a male managing director will earn an average of 562,200 UAH, while a female managing director will earn around 500,100 UAH.

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 Ukraine

Male
562,200 UAH
Female -12%
500,100 UAH

Managing Director Average Pay Raise in Ukraine

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 Ukraine is around 13% every 18 months.

The national average pay raise across all professions and industries in Ukraine is around 8% every 18 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 = ( 13 ÷ 18 ) × 12  = 9%

What this means is that a Managing Director in Ukraine can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Ukraine for 2024

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

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%

Managing Director Bonus and Incentive Rates in Ukraine

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 high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% 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
82%
No Bonus
18%

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 Ukraine earn approximately 7% more than private sector employees in the same role.

Public Sector
282,500 UAH
Private Sector -7%
263,900 UAH

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 Ukraine.

Job Title Category Salary
Account Coordinator Executive and Management 252,300 UAH
Account Director Executive and Management 301,300 UAH
Account Executive Executive and Management 317,700 UAH
Account Manager Executive and Management 315,700 UAH
Administration Manager Executive and Management 330,700 UAH
Administration Officer Executive and Management 161,600 UAH
Administration Supervisor Executive and Management 263,100 UAH
Administrative Clerk Executive and Management 125,700 UAH
Administrative Officer Executive and Management 128,500 UAH
Area Director Executive and Management 281,500 UAH
Area Manager Executive and Management 307,400 UAH
Asset Protection Associate Executive and Management 327,300 UAH
Assistant Director Executive and Management 313,700 UAH
Assistant General Manager Executive and Management 341,900 UAH
Assistant Manager Executive and Management 335,800 UAH
Assistant Managing Director Executive and Management 397,900 UAH
Assistant Operations Manager Executive and Management 369,900 UAH
Assistant Project Manager Executive and Management 341,900 UAH
Assistant Section Head Executive and Management 272,800 UAH
Assistant to CEO Executive and Management 315,700 UAH
Assistant Vice President Executive and Management 345,100 UAH
Associate Account Director Executive and Management 313,700 UAH
Associate Director Executive and Management 318,800 UAH
Bid Manager Executive and Management 382,600 UAH
Branch Manager Executive and Management 344,600 UAH
Business Development Manager Executive and Management 386,400 UAH
Business Operations Associate Executive and Management 322,600 UAH
Business Operations Lead Executive and Management 341,400 UAH
Campaign Manager Executive and Management 383,300 UAH
Catering Coordinator Executive and Management 197,600 UAH
Catering Manager Executive and Management 332,100 UAH
CEO Executive and Management 642,800 UAH
Chairman of The Board Executive and Management 629,800 UAH
Chairman Office Manager Executive and Management 382,600 UAH
Chief Commercial Officer Executive and Management 472,100 UAH
Chief Corporate Officer Executive and Management 502,200 UAH
Chief Executive Officer Executive and Management 620,300 UAH
Chief Financial Officer Executive and Management 582,700 UAH
Chief Investment Officer Executive and Management 487,600 UAH
Chief of Staff Executive and Management 308,900 UAH
Chief Operating Officer Executive and Management 476,600 UAH
Chief Risk Officer Executive and Management 414,000 UAH
Client Account Manager Executive and Management 386,400 UAH
Client Accounts Officer Executive and Management 301,700 UAH
Client Services Manager Executive and Management 419,400 UAH
Commercial Director Executive and Management 437,300 UAH
Commercial Manager Executive and Management 369,900 UAH
Commercial Project Manager Executive and Management 359,900 UAH
Commodity Broker Executive and Management 261,300 UAH
COO Executive and Management 492,700 UAH
Corporate Affairs Executive Executive and Management 382,600 UAH
Corporate Compliance Director Executive and Management 424,900 UAH
Corporate Director Executive and Management 413,900 UAH
Corporate Officer Executive and Management 282,300 UAH
Corporate Partnerships Officer Executive and Management 290,800 UAH
Country Manager Executive and Management 504,400 UAH
Department Head Executive and Management 371,100 UAH
Department Manager Executive and Management 383,300 UAH
Department Supervisor Executive and Management 340,000 UAH
Deputy Director Executive and Management 437,900 UAH
Deputy Manager Executive and Management 448,500 UAH
Director Executive and Management 489,500 UAH
Director of Accreditation Executive and Management 420,800 UAH
Director of Catering Services Executive and Management 388,100 UAH
Director of Client Services Executive and Management 412,000 UAH
Director of Facilities Management Executive and Management 330,900 UAH
Director of Operations Executive and Management 420,800 UAH
Director of Process Simplification Executive and Management 320,500 UAH
Director of Product Management Executive and Management 417,100 UAH
Director of Project Management Executive and Management 442,200 UAH
Director of Revenue Management Executive and Management 367,900 UAH
Director of Training and Development Executive and Management 409,000 UAH
Distribution Manager Executive and Management 451,000 UAH
Division Manager Executive and Management 372,600 UAH
Duty Manager Executive and Management 351,200 UAH
Engagement Manager Executive and Management 448,500 UAH
Executive Director Executive and Management 600,000 UAH
Executive Manager Executive and Management 485,200 UAH
Franchise Manager Executive and Management 533,000 UAH
General Manager Executive and Management 489,600 UAH
Global Master Data Manager Executive and Management 444,300 UAH
Global Technical Lead Executive and Management 290,800 UAH
Head of Investment Executive and Management 425,100 UAH
Head of Middle Office Executive and Management 397,900 UAH
Head of Projects Executive and Management 420,800 UAH
Head of Strategy Executive and Management 453,200 UAH
Head of Supply Chain Executive and Management 378,800 UAH
Head of Sustainability Executive and Management 357,700 UAH
Housing Manager Executive and Management 345,100 UAH
HSE Manager Executive and Management 345,100 UAH
Key Account Manager Executive and Management 357,700 UAH
Knowledge Manager Executive and Management 394,300 UAH
Location Manager Executive and Management 375,200 UAH
Logistics Executive Executive and Management 311,700 UAH
Logistics Manager Executive and Management 340,400 UAH
Management Consultant Executive and Management 340,400 UAH
Management Executive Executive and Management 442,200 UAH
Manager Executive and Management 414,000 UAH
MIS Executive Executive and Management 424,900 UAH
Ocean Services Manager Executive and Management 433,400 UAH
Operational Manager Executive and Management 444,300 UAH
Operations Analyst Executive and Management 353,600 UAH
Operations Assistant Executive and Management 309,800 UAH
Operations Director Executive and Management 447,700 UAH
Operations Executive Executive and Management 472,000 UAH
Operations Manager Executive and Management 472,100 UAH
Operations Supervisor Executive and Management 403,100 UAH
Planning Director Executive and Management 431,300 UAH
PMO Manager Executive and Management 394,300 UAH
Policy Administration Executive Executive and Management 341,900 UAH
Private Sector Executive Executive and Management 372,600 UAH
Product Development Manager Executive and Management 437,300 UAH
Product Executive Executive and Management 366,200 UAH
Production Executive Executive and Management 424,300 UAH
Production Manager Executive and Management 437,300 UAH
Production Supervisor Executive and Management 375,200 UAH
Program Director Executive and Management 431,300 UAH
Program Manager Executive and Management 430,000 UAH
Programme Coordinator Executive and Management 315,700 UAH
Project Control Manager Executive and Management 447,300 UAH
Project Coordinator Executive and Management 268,900 UAH
Project Management Officer Executive and Management 292,000 UAH
Project Manager Executive and Management 322,600 UAH
Project Portfolio Manager Executive and Management 340,000 UAH
Quality Manager Executive and Management 322,600 UAH
R/D Director Executive and Management 378,300 UAH
Regional Director Executive and Management 563,300 UAH
Regional Manager Executive and Management 433,400 UAH
Relationship Manager Executive and Management 419,400 UAH
Retail District Manager Executive and Management 288,100 UAH
Revenue Manager Executive and Management 335,800 UAH
Risk and Capital Manager Executive and Management 496,100 UAH
Risk Officer Executive and Management 309,800 UAH
Safety Manager Executive and Management 322,600 UAH
Section Head Executive and Management 332,500 UAH
Service Manager Executive and Management 325,800 UAH
Shift Supervisor Executive and Management 259,100 UAH
Solutions Manager Executive and Management 292,000 UAH
Supervisor Executive and Management 266,000 UAH
Supply Chain Manager Executive and Management 425,100 UAH
Surveyor Executive and Management 307,400 UAH
Technical Director Executive and Management 417,200 UAH
Technical Manager Executive and Management 390,000 UAH
Territory Manager Executive and Management 417,200 UAH
Validation Manager Executive and Management 351,900 UAH
Vice President Executive and Management 485,300 UAH
Zone Manager Executive and Management 431,100 UAH

Salary Comparison by City

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

City Average Salary
Kyiv 552,400 UAH
Lviv 539,700 UAH

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