Average Market Research Manager Salary in Seychelles for 2024

In this article, we will look at the average Market Research Manager salary for 2024 in Seychelles 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 Seychellois rupee. To keep things simple, we are using the SCR currency code instead of the currency symbol โ‚จ.

How Much Does a Market Research Manager Make in Seychelles?

A Market Research Manager working in Seychelles will typically earn around 275,800 SCR per year, and this can range from the lowest average salary of about 128,500 SCR to the highest average salary of 433,800 SCR.

Average Annual Salary
275,800 SCR
Average Monthly Salary
22,983 SCR

Lowest Annual Salary
128,500 SCR
Lowest Monthly Salary
10,708 SCR

Highest Annual Salary
433,800 SCR
Highest Monthly Salary
36,150 SCR

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

Market Research 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 Research Manager Salaries in Seychelles

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

Salary ranges

We already know that a Market Research Manager can earn between 128,500 SCR and 433,800 SCR on average in Seychelles. 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 Research Manager in Seychelles is 294,700 SCR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 294,700 SCR, and 50% of the population earn more than 294,700 SCR.

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 Research Manager salary in Seychelles, 25% of the population are earning less than 190,500 SCR while 75% of the population earn more than 190,500 SCR.

75% of the population earn less than 385,300 SCR, and 25% of the population earn more than 385,300 SCR.

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 Research Manager Salary by Experience Level in Seychelles

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 research 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 Research Manager in Seychelles that has less than two years of experience can expect to earn somewhere in the region of 151,800 SCR.
  • 2 - 5 Years Experience. With two to five years of experience the average Market Research Manager salary would increase to 207,800 SCR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Market Research Manager, the average salary would be 294,300 SCR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 357,700 SCR.
  • 15 - 20 Years Experience. A Market Research Manager with 15 to 20 years of experience can earn an average of 378,300 SCR.
  • 20+ Years Experience. For a Market Research Manager with more than 20 years, the expected average salary increases to 412,000 SCR.

Average Salary by Experience Chart

0-2 Years
151,800 SCR
2-5 Years +38%
207,800 SCR
5-10 Years +42%
294,300 SCR
10-15 Years +22%
357,700 SCR
15-20 Years +6%
378,300 SCR
20+ Years +9%
412,000 SCR

Market Research Manager Salary by Education Level in Seychelles

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 Research Manager in Seychelles 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 Research Manager in Seychelles with a certificate or diploma education can earn an average salary of 180,300 SCR.

  • Bachelor's Degree. A Market Research Manager in Seychelles with a bachelor's degree education can earn an average salary of 282,300 SCR.

  • Master's Degree. A Market Research Manager in Seychelles with a master's degree education can earn an average salary of 394,800 SCR.

Average Salary by Education Chart

Certificate or Diploma
180,300 SCR
Bachelor's Degree +58%
282,300 SCR
Master's Degree +39%
394,800 SCR

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 Seychelles is around 98,200 to 295,000 SCR 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 Research 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 Seychelles, a male market research manager will earn an average of 296,000 SCR, while a female market research manager will earn around 261,300 SCR.

This means that a male market research manager earns approximately 13% more than a female market research manager for performing the same job.

Average Salary by Gender Chart in Seychelles

Male
296,000 SCR
Female -13%
261,300 SCR

Market Research Manager Average Pay Raise in Seychelles

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 Research Manager in Seychelles is around 9% every 28 months.

The national average pay raise across all professions and industries in Seychelles 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 ÷ 28 ) × 12  = 4%

What this means is that a Market Research Manager in Seychelles can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Seychelles for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Market Research Manager Bonus and Incentive Rates in Seychelles

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 Research Manager 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 Seychelles earn approximately 5% more than private sector employees in the same role.

Public Sector
240,500 SCR
Private Sector -5%
228,500 SCR

Salaries for Jobs Similar to a Market Research Manager

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

Job Title Category Salary
Account Handler Marketing 192,600 SCR
Affiliate Manager Marketing 253,400 SCR
Analytics Specialist Marketing 172,200 SCR
Assistant Brand Manager Marketing 246,200 SCR
Assistant Product Manager Marketing 283,400 SCR
Associate Marketing Manager Marketing 294,700 SCR
Associate Product Manager Marketing 282,500 SCR
Brand Ambassador Marketing 340,000 SCR
Brand Director Marketing 417,100 SCR
Brand Executive Marketing 367,900 SCR
Brand Manager Marketing 377,200 SCR
Business Analytics Specialist Marketing 183,700 SCR
Business Channel Manager Marketing 252,300 SCR
Business Intelligence Team Leader Marketing 265,000 SCR
Campaign Specialist Marketing 221,500 SCR
Chief Marketing Officer Marketing 421,400 SCR
Chief Product Officer Marketing 349,300 SCR
Communications Officer Marketing 115,740 SCR
Content Manager Marketing 195,200 SCR
Content Marketing Strategist Marketing 246,200 SCR
Copy Editer Marketing 152,000 SCR
Copy Writer Marketing 152,100 SCR
Creative Marketing Lead Marketing 252,300 SCR
Creative Writer Marketing 157,600 SCR
Digital Marketer Marketing 228,000 SCR
Digital Marketing Manager Marketing 294,700 SCR
Digital Marketing Strategist Marketing 312,400 SCR
Digital Media Specialist Marketing 259,100 SCR
Director of Marketing Marketing 413,900 SCR
Director of Research Marketing 301,300 SCR
eMarketing Manager Marketing 307,400 SCR
Event Marketing Marketing 299,500 SCR
Head of Executive Search Marketing 335,100 SCR
Key Affiliate Manager Marketing 275,500 SCR
Localization Manager Marketing 265,000 SCR
Market Development Executive Marketing 332,500 SCR
Market Development Manager Marketing 313,700 SCR
Market Research Analyst Marketing 254,800 SCR
Market Segmentation Director Marketing 294,300 SCR
Marketing Account Supervisor Marketing 240,500 SCR
Marketing Administrator Marketing 204,000 SCR
Marketing Advisor Marketing 239,000 SCR
Marketing Analyst Marketing 231,000 SCR
Marketing and Communications Officer Marketing 142,300 SCR
Marketing and Sales Head Marketing 411,400 SCR
Marketing Assistant Marketing 127,700 SCR
Marketing Associate Marketing 123,400 SCR
Marketing Communications Manager Marketing 254,700 SCR
Marketing Consultant Marketing 281,500 SCR
Marketing Coordinator Marketing 134,600 SCR
Marketing Director Marketing 414,000 SCR
Marketing Distribution Executive Marketing 315,900 SCR
Marketing Executive Marketing 327,800 SCR
Marketing Manager Marketing 385,300 SCR
Marketing Officer Marketing 128,900 SCR
Marketing Segment Manager Marketing 288,100 SCR
Marketing Specialist Marketing 187,500 SCR
Marketing Supervisor Marketing 233,900 SCR
Marketing Vice President Marketing 314,500 SCR
Marketing Writer Marketing 146,200 SCR
Online Marketing Analyst Marketing 214,000 SCR
Online Marketing Manager Marketing 265,000 SCR
Optimization Manager Marketing 240,500 SCR
Outbound Sales Marketing 172,200 SCR
Outreach Coordinator Marketing 168,100 SCR
Outreach Specialist Marketing 215,100 SCR
Product Development Marketing 294,700 SCR
Product Manager Marketing 325,600 SCR
Product Marketing Engineer Marketing 176,800 SCR
Product Marketing Executive Marketing 301,300 SCR
Product Marketing Manager Marketing 315,700 SCR
Product Researcher Marketing 159,400 SCR
Product Strategist Marketing 232,400 SCR
Product Strategy Researcher Marketing 216,800 SCR
Product Training Specialist Marketing 191,600 SCR
Project Manager Marketing 240,500 SCR
Publications Coordinator Marketing 139,100 SCR
Research Executive Marketing 288,700 SCR
Sales and Marketing Assistant Marketing 125,700 SCR
Sales and Marketing Coordinator Marketing 139,100 SCR
Sales and Marketing Director Marketing 420,100 SCR
Sales Director Marketing 386,400 SCR
Sales Management Support Marketing 142,300 SCR
Sales Manager Marketing 392,300 SCR
Search Marketing Strategist Marketing 325,800 SCR
Social Media Administrator Marketing 210,500 SCR
Social Media Specialist Marketing 214,000 SCR
Spaceman Analyst Marketing 123,400 SCR
Sponsorship Consultant Marketing 207,800 SCR
Team Leader Marketing 246,200 SCR
Telemarketer Marketing 123,400 SCR
Trade Marketing Executive Marketing 296,000 SCR
Trade Marketing Manager Marketing 292,000 SCR
Trade Marketing Professional Marketing 237,400 SCR
Trade Marketing Specialist Marketing 172,200 SCR
Web Analytics Manager Marketing 239,300 SCR
Web Content Manager Marketing 239,000 SCR

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 Research Manager Salary in Seychelles for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-market-research-manager-salary-in-seychelles/.

  • "Average Market Research Manager Salary in Seychelles for 2024". World Salaries, https://worldsalaries.com/average-market-research-manager-salary-in-seychelles/. Accessed 28 March, 2024

  • Average Market Research Manager Salary in Seychelles for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-market-research-manager-salary-in-seychelles/.