Average Market Development Manager Salary in Togo for 2024

In this article, we will look at the average Market Development Manager salary for 2024 in Togo 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 West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does a Market Development Manager Make in Togo?

A Market Development Manager working in Togo will typically earn around 9,094,100 XOF per year, and this can range from the lowest average salary of about 4,176,700 XOF to the highest average salary of 14,400,800 XOF.

Average Annual Salary
9,094,100 XOF
Average Monthly Salary
757,841 XOF

Lowest Annual Salary
4,176,700 XOF
Lowest Monthly Salary
348,058 XOF

Highest Annual Salary
14,400,800 XOF
Highest Monthly Salary
1,200,066 XOF

These are average salaries for a Market Development Manager in Togo 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 Togo

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

Salary ranges

We already know that a Market Development Manager can earn between 4,176,700 XOF and 14,400,800 XOF on average in Togo. 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 Togo is 9,816,600 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 9,816,600 XOF, and 50% of the population earn more than 9,816,600 XOF.

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 Togo, 25% of the population are earning less than 6,300,400 XOF while 75% of the population earn more than 6,300,400 XOF.

75% of the population earn less than 13,079,500 XOF, and 25% of the population earn more than 13,079,500 XOF.

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 Togo

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 Togo that has less than two years of experience can expect to earn somewhere in the region of 4,752,100 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Market Development Manager salary would increase to 6,335,800 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Market Development Manager, the average salary would be 9,372,400 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 11,425,300 XOF.
  • 15 - 20 Years Experience. A Market Development Manager with 15 to 20 years of experience can earn an average of 12,481,200 XOF.
  • 20+ Years Experience. For a Market Development Manager with more than 20 years, the expected average salary increases to 13,441,600 XOF.

Average Salary by Experience Chart

0-2 Years
4,752,100 XOF
2-5 Years +34%
6,335,800 XOF
5-10 Years +48%
9,372,400 XOF
10-15 Years +22%
11,425,300 XOF
15-20 Years +9%
12,481,200 XOF
20+ Years +8%
13,441,600 XOF

Market Development Manager Salary by Education Level in Togo

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 Togo 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 Togo with a certificate or diploma education can earn an average salary of 5,412,700 XOF.

  • Bachelor's Degree. A Market Development Manager in Togo with a bachelor's degree education can earn an average salary of 8,496,400 XOF.

  • Master's Degree. A Market Development Manager in Togo with a master's degree education can earn an average salary of 14,280,500 XOF.

Average Salary by Education Chart

Certificate or Diploma
5,412,700 XOF
Bachelor's Degree +57%
8,496,400 XOF
Master's Degree +68%
14,280,500 XOF

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 Togo is around 2,640,000 to 7,910,000 XOF 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 Togo, a male market development manager will earn an average of 9,828,800 XOF, while a female market development manager will earn around 8,352,700 XOF.

This means that a male market development manager earns approximately 18% more than a female market development manager for performing the same job.

Average Salary by Gender Chart in Togo

Male
9,828,800 XOF
Female -18%
8,352,700 XOF

Market Development Manager Average Pay Raise in Togo

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 Togo is around 9% every 29 months.

The national average pay raise across all professions and industries in Togo 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 Togo can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Togo for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Market Development Manager Bonus and Incentive Rates in Togo

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 67% of employees reporting at least one bonus in the last 12 months.

33% 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
67%
No Bonus
33%

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 Togo earn approximately 25% more than private sector employees in the same role.

Public Sector
7,020,500 XOF
Private Sector -25%
5,628,400 XOF

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 Togo.

Job Title Category Salary
Account Handler Marketing 5,567,700 XOF
Affiliate Manager Marketing 6,745,700 XOF
Analytics Specialist Marketing 5,232,400 XOF
Assistant Brand Manager Marketing 7,199,500 XOF
Assistant Product Manager Marketing 7,834,900 XOF
Associate Marketing Manager Marketing 8,401,800 XOF
Associate Product Manager Marketing 8,232,100 XOF
Brand Ambassador Marketing 9,372,400 XOF
Brand Director Marketing 12,481,200 XOF
Brand Executive Marketing 11,123,200 XOF
Brand Manager Marketing 10,739,300 XOF
Business Analytics Specialist Marketing 5,161,100 XOF
Business Channel Manager Marketing 7,331,800 XOF
Business Intelligence Team Leader Marketing 7,342,500 XOF
Campaign Specialist Marketing 6,670,600 XOF
Chief Marketing Officer Marketing 12,121,000 XOF
Chief Product Officer Marketing 10,128,600 XOF
Communications Officer Marketing 3,672,500 XOF
Content Manager Marketing 5,880,300 XOF
Content Marketing Strategist Marketing 6,696,900 XOF
Copy Editer Marketing 4,537,100 XOF
Copy Writer Marketing 4,162,800 XOF
Creative Marketing Lead Marketing 6,934,900 XOF
Creative Writer Marketing 4,380,400 XOF
Digital Marketer Marketing 6,577,500 XOF
Digital Marketing Manager Marketing 8,483,700 XOF
Digital Marketing Strategist Marketing 8,290,700 XOF
Digital Media Specialist Marketing 7,285,700 XOF
Director of Marketing Marketing 11,856,900 XOF
Director of Research Marketing 8,650,700 XOF
eMarketing Manager Marketing 9,191,000 XOF
Event Marketing Marketing 8,401,800 XOF
Head of Executive Search Marketing 10,057,900 XOF
Key Affiliate Manager Marketing 8,521,700 XOF
Localization Manager Marketing 7,993,600 XOF
Market Development Executive Marketing 9,610,800 XOF
Market Research Analyst Marketing 7,537,100 XOF
Market Research Manager Marketing 8,316,900 XOF
Market Segmentation Director Marketing 8,401,800 XOF
Marketing Account Supervisor Marketing 7,105,200 XOF
Marketing Administrator Marketing 5,483,600 XOF
Marketing Advisor Marketing 6,648,800 XOF
Marketing Analyst Marketing 7,105,200 XOF
Marketing and Communications Officer Marketing 4,032,100 XOF
Marketing and Sales Head Marketing 11,712,900 XOF
Marketing Assistant Marketing 3,970,700 XOF
Marketing Associate Marketing 3,769,500 XOF
Marketing Communications Manager Marketing 7,416,400 XOF
Marketing Consultant Marketing 8,820,700 XOF
Marketing Coordinator Marketing 3,840,400 XOF
Marketing Director Marketing 11,531,500 XOF
Marketing Distribution Executive Marketing 8,724,700 XOF
Marketing Executive Marketing 9,649,800 XOF
Marketing Manager Marketing 11,245,700 XOF
Marketing Officer Marketing 4,019,900 XOF
Marketing Segment Manager Marketing 8,075,200 XOF
Marketing Specialist Marketing 5,531,100 XOF
Marketing Supervisor Marketing 6,780,300 XOF
Marketing Vice President Marketing 9,239,600 XOF
Marketing Writer Marketing 4,345,400 XOF
Online Marketing Analyst Marketing 6,505,500 XOF
Online Marketing Manager Marketing 8,206,100 XOF
Optimization Manager Marketing 7,224,700 XOF
Outbound Sales Marketing 5,242,700 XOF
Outreach Coordinator Marketing 4,703,900 XOF
Outreach Specialist Marketing 6,216,700 XOF
Product Development Marketing 8,075,200 XOF
Product Manager Marketing 9,276,800 XOF
Product Marketing Engineer Marketing 4,822,700 XOF
Product Marketing Executive Marketing 8,411,800 XOF
Product Marketing Manager Marketing 8,856,100 XOF
Product Researcher Marketing 4,726,900 XOF
Product Strategist Marketing 7,189,800 XOF
Product Strategy Researcher Marketing 6,228,100 XOF
Product Training Specialist Marketing 5,461,900 XOF
Project Manager Marketing 6,911,700 XOF
Publications Coordinator Marketing 4,032,100 XOF
Research Executive Marketing 7,980,700 XOF
Sales and Marketing Assistant Marketing 3,696,900 XOF
Sales and Marketing Coordinator Marketing 3,946,200 XOF
Sales and Marketing Director Marketing 11,290,900 XOF
Sales Director Marketing 11,341,600 XOF
Sales Management Support Marketing 3,925,200 XOF
Sales Manager Marketing 11,303,900 XOF
Search Marketing Strategist Marketing 9,804,400 XOF
Social Media Administrator Marketing 6,241,000 XOF
Social Media Specialist Marketing 6,048,900 XOF
Spaceman Analyst Marketing 3,385,800 XOF
Sponsorship Consultant Marketing 6,109,700 XOF
Team Leader Marketing 6,780,300 XOF
Telemarketer Marketing 3,349,100 XOF
Trade Marketing Executive Marketing 8,746,500 XOF
Trade Marketing Manager Marketing 9,166,100 XOF
Trade Marketing Professional Marketing 7,271,300 XOF
Trade Marketing Specialist Marketing 5,136,500 XOF
Web Analytics Manager Marketing 7,441,400 XOF
Web Content Manager Marketing 7,477,100 XOF

Salary Comparison by City

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

City Average Salary
Lome 9,850,400 XOF

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