Average Market Development Manager Salary in Somalia for 2024

In this article, we will look at the average Market Development Manager salary for 2024 in Somalia 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 Somali shilling. To keep things simple, we are using the SOS currency code instead of the currency symbol Sh.

How Much Does a Market Development Manager Make in Somalia?

A Market Development Manager working in Somalia will typically earn around 4,391,800 SOS per year, and this can range from the lowest average salary of about 2,374,400 SOS to the highest average salary of 6,635,400 SOS.

Average Annual Salary
4,391,800 SOS
Average Monthly Salary
365,983 SOS

Lowest Annual Salary
2,374,400 SOS
Lowest Monthly Salary
197,866 SOS

Highest Annual Salary
6,635,400 SOS
Highest Monthly Salary
552,950 SOS

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

Market Development 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 Market Development Manager Salaries in Somalia

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

Salary ranges

We already know that a Market Development Manager can earn between 2,374,400 SOS and 6,635,400 SOS on average in Somalia. 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 Manager in Somalia is 4,043,600 SOS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 4,043,600 SOS, and 50% of the population earn more than 4,043,600 SOS.

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 Manager salary in Somalia, 25% of the population are earning less than 2,893,600 SOS while 75% of the population earn more than 2,893,600 SOS.

75% of the population earn less than 4,919,600 SOS, and 25% of the population earn more than 4,919,600 SOS.

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 Manager Salary by Experience Level in Somalia

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 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. A Market Development Manager in Somalia that has less than two years of experience can expect to earn somewhere in the region of 2,759,700 SOS.
  • 2 - 5 Years Experience. With two to five years of experience the average Market Development Manager salary would increase to 3,481,100 SOS.
  • 5 - 10 Years Experience. From five to ten years of experience as a Market Development Manager, the average salary would be 4,594,300 SOS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 5,399,900 SOS.
  • 15 - 20 Years Experience. A Market Development Manager with 15 to 20 years of experience can earn an average of 5,975,000 SOS.
  • 20+ Years Experience. For a Market Development Manager with more than 20 years, the expected average salary increases to 6,360,600 SOS.

Average Salary by Experience Chart

0-2 Years
2,759,700 SOS
2-5 Years +26%
3,481,100 SOS
5-10 Years +32%
4,594,300 SOS
10-15 Years +18%
5,399,900 SOS
15-20 Years +11%
5,975,000 SOS
20+ Years +6%
6,360,600 SOS

Market Development Manager Salary by Education Level in Somalia

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 Manager in Somalia 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 Manager in Somalia with a certificate or diploma education can earn an average salary of 3,481,100 SOS.

  • Bachelor's Degree. A Market Development Manager in Somalia with a bachelor's degree education can earn an average salary of 4,594,300 SOS.

  • Master's Degree. A Market Development Manager in Somalia with a master's degree education can earn an average salary of 6,300,400 SOS.

Average Salary by Education Chart

Certificate or Diploma
3,481,100 SOS
Bachelor's Degree +32%
4,594,300 SOS
Master's Degree +37%
6,300,400 SOS

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 Somalia is around 1,300,000 to 3,890,000 SOS 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 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 Somalia, a male market development manager will earn an average of 4,570,300 SOS, while a female market development manager will earn around 4,152,200 SOS.

This means that a male market development manager earns approximately 10% more than a female market development manager for performing the same job.

Average Salary by Gender Chart in Somalia

Male
4,570,300 SOS
Female -10%
4,152,200 SOS

Market Development Manager Average Pay Raise in Somalia

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 Manager in Somalia is around 9% every 29 months.

The national average pay raise across all professions and industries in Somalia is around 5% every 28 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 Market Development Manager in Somalia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Somalia for 2024

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

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%

Market Development Manager Bonus and Incentive Rates in Somalia

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 Manager is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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 7%.

Received Bonus
59%
No Bonus
41%

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 Somalia earn approximately 18% more than private sector employees in the same role.

Public Sector
3,299,800 SOS
Private Sector -18%
2,794,600 SOS

Salaries for Jobs Similar to a Market Development Manager

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

Job Title Category Salary
Account Handler Marketing 2,543,000 SOS
Affiliate Manager Marketing 3,312,100 SOS
Analytics Specialist Marketing 2,447,200 SOS
Assistant Brand Manager Marketing 3,514,400 SOS
Assistant Product Manager Marketing 3,817,500 SOS
Associate Marketing Manager Marketing 3,934,900 SOS
Associate Product Manager Marketing 3,934,900 SOS
Brand Ambassador Marketing 4,633,100 SOS
Brand Director Marketing 5,784,200 SOS
Brand Executive Marketing 5,088,900 SOS
Brand Manager Marketing 5,088,900 SOS
Business Analytics Specialist Marketing 2,447,200 SOS
Business Channel Manager Marketing 3,659,400 SOS
Business Intelligence Team Leader Marketing 3,622,400 SOS
Campaign Specialist Marketing 3,205,100 SOS
Chief Marketing Officer Marketing 5,555,200 SOS
Chief Product Officer Marketing 5,003,800 SOS
Communications Officer Marketing 1,668,900 SOS
Content Manager Marketing 2,854,700 SOS
Content Marketing Strategist Marketing 3,312,100 SOS
Copy Editer Marketing 2,086,500 SOS
Copy Writer Marketing 2,086,500 SOS
Creative Marketing Lead Marketing 3,359,900 SOS
Creative Writer Marketing 2,086,500 SOS
Digital Marketer Marketing 3,047,800 SOS
Digital Marketing Manager Marketing 4,249,700 SOS
Digital Marketing Strategist Marketing 4,129,300 SOS
Digital Media Specialist Marketing 3,622,400 SOS
Director of Marketing Marketing 5,555,200 SOS
Director of Research Marketing 4,056,200 SOS
eMarketing Manager Marketing 4,355,800 SOS
Event Marketing Marketing 4,129,300 SOS
Head of Executive Search Marketing 4,762,300 SOS
Key Affiliate Manager Marketing 3,970,700 SOS
Localization Manager Marketing 3,745,100 SOS
Market Development Executive Marketing 4,391,800 SOS
Market Research Analyst Marketing 3,586,300 SOS
Market Research Manager Marketing 3,898,100 SOS
Market Segmentation Director Marketing 4,162,800 SOS
Marketing Account Supervisor Marketing 3,277,900 SOS
Marketing Administrator Marketing 2,734,500 SOS
Marketing Advisor Marketing 3,205,100 SOS
Marketing Analyst Marketing 3,277,900 SOS
Marketing and Communications Officer Marketing 1,942,700 SOS
Marketing and Sales Head Marketing 5,555,200 SOS
Marketing Assistant Marketing 1,800,200 SOS
Marketing Associate Marketing 1,741,800 SOS
Marketing Communications Manager Marketing 3,659,400 SOS
Marketing Consultant Marketing 4,056,200 SOS
Marketing Coordinator Marketing 1,765,300 SOS
Marketing Director Marketing 5,555,200 SOS
Marketing Distribution Executive Marketing 4,355,800 SOS
Marketing Executive Marketing 4,391,800 SOS
Marketing Manager Marketing 5,555,200 SOS
Marketing Officer Marketing 1,846,200 SOS
Marketing Segment Manager Marketing 3,970,700 SOS
Marketing Specialist Marketing 2,688,800 SOS
Marketing Supervisor Marketing 3,277,900 SOS
Marketing Vice President Marketing 4,391,800 SOS
Marketing Writer Marketing 2,086,500 SOS
Online Marketing Analyst Marketing 3,013,500 SOS
Online Marketing Manager Marketing 3,745,100 SOS
Optimization Manager Marketing 3,514,400 SOS
Outbound Sales Marketing 2,471,700 SOS
Outreach Coordinator Marketing 2,314,800 SOS
Outreach Specialist Marketing 3,013,500 SOS
Product Development Marketing 3,850,500 SOS
Product Manager Marketing 4,391,800 SOS
Product Marketing Engineer Marketing 2,362,300 SOS
Product Marketing Executive Marketing 4,056,200 SOS
Product Marketing Manager Marketing 4,162,800 SOS
Product Researcher Marketing 2,221,600 SOS
Product Strategist Marketing 3,277,900 SOS
Product Strategy Researcher Marketing 3,085,500 SOS
Product Training Specialist Marketing 2,688,800 SOS
Project Manager Marketing 3,277,900 SOS
Publications Coordinator Marketing 1,942,700 SOS
Research Executive Marketing 3,850,500 SOS
Sales and Marketing Assistant Marketing 1,693,600 SOS
Sales and Marketing Coordinator Marketing 1,846,200 SOS
Sales and Marketing Director Marketing 5,555,200 SOS
Sales Director Marketing 5,232,400 SOS
Sales Management Support Marketing 1,921,500 SOS
Sales Manager Marketing 5,232,400 SOS
Search Marketing Strategist Marketing 4,537,100 SOS
Social Media Administrator Marketing 3,013,500 SOS
Social Media Specialist Marketing 3,013,500 SOS
Spaceman Analyst Marketing 1,693,600 SOS
Sponsorship Consultant Marketing 2,868,600 SOS
Team Leader Marketing 3,239,400 SOS
Telemarketer Marketing 1,621,400 SOS
Trade Marketing Executive Marketing 4,162,800 SOS
Trade Marketing Manager Marketing 4,162,800 SOS
Trade Marketing Professional Marketing 3,359,900 SOS
Trade Marketing Specialist Marketing 2,411,500 SOS
Web Analytics Manager Marketing 3,432,600 SOS
Web Content Manager Marketing 3,395,900 SOS

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Market Development Manager Salary in Somalia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-market-development-manager-salary-in-somalia/.

  • "Average Market Development Manager Salary in Somalia for 2024". World Salaries, https://worldsalaries.com/average-market-development-manager-salary-in-somalia/. Accessed 28 March, 2024

  • Average Market Development Manager Salary in Somalia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-market-development-manager-salary-in-somalia/.