Average Market Development Executive Salary in Kuwait for 2024

In this article, we will look at the average Market Development Executive salary for 2024 in Kuwait 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 Kuwaiti dinar. To keep things simple, we are using the KWD currency code instead of the currency symbol ุฏ.ูƒ.

How Much Does a Market Development Executive Make in Kuwait?

A Market Development Executive working in Kuwait will typically earn around 20,000 KWD per year, and this can range from the lowest average salary of about 12,760 KWD to the highest average salary of 32,900 KWD.

Average Annual Salary
20,000 KWD
Average Monthly Salary
1,666 KWD

Lowest Annual Salary
12,760 KWD
Lowest Monthly Salary
1,063 KWD

Highest Annual Salary
32,900 KWD
Highest Monthly Salary
2,741 KWD

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

Market Development Executive 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 Market Development Executive Salaries in Kuwait

So we've looked at the average salaries a Market Development Executive will earn in Kuwait. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Market Development Executive can earn between 12,760 KWD and 32,900 KWD on average in Kuwait. 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 Market Development Executive in Kuwait is 20,940 KWD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,940 KWD, and 50% of the population earn more than 20,940 KWD.

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 Market Development Executive salary in Kuwait, 25% of the population are earning less than 14,200 KWD while 75% of the population earn more than 14,200 KWD.

75% of the population earn less than 24,200 KWD, and 25% of the population earn more than 24,200 KWD.

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.

Market Development Executive Salary by Experience Level in Kuwait

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 market development executive 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 Market Development Executive in Kuwait that has less than two years of experience can expect to earn somewhere in the region of 12,120 KWD.
  • 2 - 5 Years Experience. With two to five years of experience the average Market Development Executive salary would increase to 16,340 KWD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Market Development Executive, the average salary would be 23,400 KWD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 26,780 KWD.
  • 15 - 20 Years Experience. A Market Development Executive with 15 to 20 years of experience can earn an average of 30,800 KWD.
  • 20+ Years Experience. For a Market Development Executive with more than 20 years, the expected average salary increases to 29,160 KWD.

Average Salary by Experience Chart

0-2 Years
12,120 KWD
2-5 Years +34%
16,340 KWD
5-10 Years +30%
23,400 KWD
10-15 Years +21%
26,780 KWD
15-20 Years +9%
30,800 KWD
20+ Years +5%
29,160 KWD

Market Development Executive Salary by Education Level in Kuwait

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 Market Development Executive in Kuwait based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Market Development Executive in Kuwait with a certificate or diploma education can earn an average salary of 17,020 KWD.

  • Bachelor's Degree. A Market Development Executive in Kuwait with a bachelor's degree education can earn an average salary of 22,420 KWD.

  • Master's Degree. A Market Development Executive in Kuwait with a master's degree education can earn an average salary of 31,520 KWD.

Average Salary by Education Chart

Certificate or Diploma
17,020 KWD
Bachelor's Degree +52%
22,420 KWD
Master's Degree +42%
31,520 KWD

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 Kuwait is around 6,320 to 19,000 KWD 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.

Market Development Executive 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 Kuwait, a male market development executive will earn an average of 21,980 KWD, while a female market development executive will earn around 19,060 KWD.

This means that a male market development executive earns approximately 15% more than a female market development executive for performing the same job.

Average Salary by Gender Chart in Kuwait

Male
21,980 KWD
Female -15%
19,060 KWD

Market Development Executive Average Pay Raise in Kuwait

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 Market Development Executive in Kuwait is around 8% every 30 months.

The national average pay raise across all professions and industries in Kuwait 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 = ( 8 ÷ 30 ) × 12  = 3%

What this means is that a Market Development Executive in Kuwait can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Kuwait for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Market Development Executive Bonus and Incentive Rates in Kuwait

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 Market Development Executive is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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 6% to 8%.

Received Bonus
61%
No Bonus
39%

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 Kuwait earn approximately 12% more than private sector employees in the same role.

Public Sector
16,400 KWD
Private Sector -12%
14,660 KWD

Salaries for Jobs Similar to a Market Development Executive

In the table below, we have salary information for jobs that are similar to a Market Development Executive in Kuwait.

Job Title Category Salary
Account Handler Marketing 13,780 KWD
Affiliate Manager Marketing 16,340 KWD
Analytics Specialist Marketing 13,540 KWD
Assistant Brand Manager Marketing 16,340 KWD
Assistant Product Manager Marketing 20,520 KWD
Associate Marketing Manager Marketing 18,280 KWD
Associate Product Manager Marketing 21,020 KWD
Brand Ambassador Marketing 22,420 KWD
Brand Director Marketing 32,020 KWD
Brand Executive Marketing 26,780 KWD
Brand Manager Marketing 23,700 KWD
Business Analytics Specialist Marketing 11,360 KWD
Business Channel Manager Marketing 16,140 KWD
Business Intelligence Team Leader Marketing 15,920 KWD
Campaign Specialist Marketing 18,260 KWD
Chief Marketing Officer Marketing 27,480 KWD
Chief Product Officer Marketing 26,020 KWD
Communications Officer Marketing 9,020 KWD
Content Manager Marketing 17,020 KWD
Content Marketing Strategist Marketing 16,340 KWD
Copy Editer Marketing 8,880 KWD
Copy Writer Marketing 12,300 KWD
Creative Marketing Lead Marketing 15,920 KWD
Creative Writer Marketing 12,840 KWD
Digital Marketer Marketing 15,760 KWD
Digital Marketing Manager Marketing 19,980 KWD
Digital Marketing Strategist Marketing 20,000 KWD
Digital Media Specialist Marketing 16,980 KWD
Director of Marketing Marketing 26,500 KWD
Director of Research Marketing 19,480 KWD
eMarketing Manager Marketing 23,380 KWD
Event Marketing Marketing 23,520 KWD
Head of Executive Search Marketing 24,840 KWD
Key Affiliate Manager Marketing 21,020 KWD
Localization Manager Marketing 20,300 KWD
Market Development Manager Marketing 21,640 KWD
Market Research Analyst Marketing 16,140 KWD
Market Research Manager Marketing 18,940 KWD
Market Segmentation Director Marketing 20,460 KWD
Marketing Account Supervisor Marketing 16,400 KWD
Marketing Administrator Marketing 13,960 KWD
Marketing Advisor Marketing 17,100 KWD
Marketing Analyst Marketing 18,260 KWD
Marketing and Communications Officer Marketing 9,460 KWD
Marketing and Sales Head Marketing 27,020 KWD
Marketing Assistant Marketing 9,440 KWD
Marketing Associate Marketing 9,360 KWD
Marketing Communications Manager Marketing 18,280 KWD
Marketing Consultant Marketing 19,160 KWD
Marketing Coordinator Marketing 7,240 KWD
Marketing Director Marketing 28,820 KWD
Marketing Distribution Executive Marketing 19,980 KWD
Marketing Executive Marketing 22,420 KWD
Marketing Manager Marketing 27,020 KWD
Marketing Officer Marketing 7,080 KWD
Marketing Segment Manager Marketing 20,520 KWD
Marketing Specialist Marketing 13,560 KWD
Marketing Supervisor Marketing 15,380 KWD
Marketing Vice President Marketing 21,980 KWD
Marketing Writer Marketing 12,300 KWD
Online Marketing Analyst Marketing 14,840 KWD
Online Marketing Manager Marketing 16,980 KWD
Optimization Manager Marketing 16,140 KWD
Outbound Sales Marketing 13,060 KWD
Outreach Coordinator Marketing 12,520 KWD
Outreach Specialist Marketing 14,540 KWD
Product Development Marketing 20,120 KWD
Product Manager Marketing 22,420 KWD
Product Marketing Engineer Marketing 12,180 KWD
Product Marketing Executive Marketing 19,060 KWD
Product Marketing Manager Marketing 21,020 KWD
Product Researcher Marketing 10,080 KWD
Product Strategist Marketing 16,340 KWD
Product Strategy Researcher Marketing 17,620 KWD
Product Training Specialist Marketing 14,540 KWD
Project Manager Marketing 16,400 KWD
Publications Coordinator Marketing 11,300 KWD
Research Executive Marketing 21,540 KWD
Sales and Marketing Assistant Marketing 9,360 KWD
Sales and Marketing Coordinator Marketing 7,800 KWD
Sales and Marketing Director Marketing 29,840 KWD
Sales Director Marketing 24,200 KWD
Sales Management Support Marketing 7,820 KWD
Sales Manager Marketing 25,160 KWD
Search Marketing Strategist Marketing 23,380 KWD
Social Media Administrator Marketing 14,140 KWD
Social Media Specialist Marketing 17,260 KWD
Spaceman Analyst Marketing 9,360 KWD
Sponsorship Consultant Marketing 12,000 KWD
Team Leader Marketing 14,820 KWD
Telemarketer Marketing 6,440 KWD
Trade Marketing Executive Marketing 19,980 KWD
Trade Marketing Manager Marketing 19,380 KWD
Trade Marketing Professional Marketing 16,880 KWD
Trade Marketing Specialist Marketing 13,700 KWD
Web Analytics Manager Marketing 15,700 KWD
Web Content Manager Marketing 15,700 KWD

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