Average Materials Manager Salary in Liberia for 2024

In this article, we will look at the average Materials Manager salary for 2024 in Liberia 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 Liberian dollar. To keep things simple, we are using the LRD currency code instead of the currency symbol $.

How Much Does a Materials Manager Make in Liberia?

A Materials Manager working in Liberia will typically earn around 1,130,800 LRD per year, and this can range from the lowest average salary of about 608,500 LRD to the highest average salary of 1,703,200 LRD.

Average Annual Salary
1,130,800 LRD
Average Monthly Salary
94,233 LRD

Lowest Annual Salary
608,500 LRD
Lowest Monthly Salary
50,708 LRD

Highest Annual Salary
1,703,200 LRD
Highest Monthly Salary
141,933 LRD

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

Materials 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 Materials Manager Salaries in Liberia

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

Salary ranges

We already know that a Materials Manager can earn between 608,500 LRD and 1,703,200 LRD on average in Liberia. 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 Materials Manager in Liberia is 1,037,600 LRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,037,600 LRD, and 50% of the population earn more than 1,037,600 LRD.

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 Materials Manager salary in Liberia, 25% of the population are earning less than 743,300 LRD while 75% of the population earn more than 743,300 LRD.

75% of the population earn less than 1,259,300 LRD, and 25% of the population earn more than 1,259,300 LRD.

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.

Materials Manager Salary by Experience Level in Liberia

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 materials 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 Materials Manager in Liberia that has less than two years of experience can expect to earn somewhere in the region of 707,700 LRD.
  • 2 - 5 Years Experience. With two to five years of experience the average Materials Manager salary would increase to 895,900 LRD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Materials Manager, the average salary would be 1,181,200 LRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,391,600 LRD.
  • 15 - 20 Years Experience. A Materials Manager with 15 to 20 years of experience can earn an average of 1,537,500 LRD.
  • 20+ Years Experience. For a Materials Manager with more than 20 years, the expected average salary increases to 1,632,100 LRD.

Average Salary by Experience Chart

0-2 Years
707,700 LRD
2-5 Years +26%
895,900 LRD
5-10 Years +32%
1,181,200 LRD
10-15 Years +18%
1,391,600 LRD
15-20 Years +11%
1,537,500 LRD
20+ Years +6%
1,632,100 LRD

Materials Manager Salary by Education Level in Liberia

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 Materials Manager in Liberia 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 Materials Manager in Liberia with a certificate or diploma education can earn an average salary of 895,900 LRD.

  • Bachelor's Degree. A Materials Manager in Liberia with a bachelor's degree education can earn an average salary of 1,181,200 LRD.

  • Master's Degree. A Materials Manager in Liberia with a master's degree education can earn an average salary of 1,621,400 LRD.

Average Salary by Education Chart

Certificate or Diploma
895,900 LRD
Bachelor's Degree +32%
1,181,200 LRD
Master's Degree +37%
1,621,400 LRD

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 Liberia is around 359,000 to 1,080,000 LRD 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.

Materials 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 Liberia, a male materials manager will earn an average of 1,172,900 LRD, while a female materials manager will earn around 1,065,800 LRD.

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

Average Salary by Gender Chart in Liberia

Male
1,172,900 LRD
Female -10%
1,065,800 LRD

Materials Manager Average Pay Raise in Liberia

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 Materials Manager in Liberia is around 6% every 31 months.

The national average pay raise across all professions and industries in Liberia 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 = ( 6 ÷ 31 ) × 12  = 2%

What this means is that a Materials Manager in Liberia can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Liberia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Materials Manager Bonus and Incentive Rates in Liberia

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 Materials 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 Liberia earn approximately 21% more than private sector employees in the same role.

Public Sector
948,900 LRD
Private Sector -21%
782,500 LRD

Salaries for Jobs Similar to a Materials Manager

In the table below, we have salary information for jobs that are similar to a Materials Manager in Liberia.

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 246,200 LRD
Assembly Line Worker Factory and Manufacturing 228,000 LRD
Assembly Supervisor Factory and Manufacturing 381,800 LRD
Assistance Maintenance Manager Factory and Manufacturing 906,500 LRD
Assistant Shipping Manager Factory and Manufacturing 757,300 LRD
Chemical Equipment Controller Factory and Manufacturing 562,600 LRD
Chemical Technican Apprentice Factory and Manufacturing 492,700 LRD
CNC Machinist Factory and Manufacturing 552,400 LRD
CNC Operator Factory and Manufacturing 537,300 LRD
CNC Programmer Factory and Manufacturing 563,300 LRD
Colour Technologist Factory and Manufacturing 308,300 LRD
Contracts Manager Factory and Manufacturing 1,080,200 LRD
Data Collection Coordinator Factory and Manufacturing 411,400 LRD
Demand Planner Factory and Manufacturing 365,400 LRD
Derrick Operator Factory and Manufacturing 252,300 LRD
Director of Manufacturing Factory and Manufacturing 1,417,600 LRD
Dock Worker Factory and Manufacturing 221,500 LRD
Drying Technician Factory and Manufacturing 247,800 LRD
Equipment Operator Factory and Manufacturing 232,900 LRD
Export Sales Coordinator Factory and Manufacturing 780,700 LRD
Factory Superintendent Factory and Manufacturing 397,900 LRD
Factory Worker Factory and Manufacturing 266,000 LRD
Failure Analysis Technician Factory and Manufacturing 394,300 LRD
Fiberglass Laminator Factory and Manufacturing 254,800 LRD
Food Technologist Factory and Manufacturing 455,400 LRD
Forklift Driver Factory and Manufacturing 259,100 LRD
Forklift Operator Factory and Manufacturing 245,300 LRD
Forming Machine Operator Factory and Manufacturing 258,400 LRD
Furnace Operator Factory and Manufacturing 239,000 LRD
Gas Appliance Repairer Factory and Manufacturing 263,100 LRD
General Warehouse Associate Factory and Manufacturing 433,400 LRD
Heavy Equipment Operator Factory and Manufacturing 308,900 LRD
HSE Manager Factory and Manufacturing 1,012,100 LRD
Industrial Engineer Factory and Manufacturing 767,000 LRD
Industrial Machinery Mechanic Factory and Manufacturing 504,300 LRD
Industrial Production Manager Factory and Manufacturing 1,464,200 LRD
Industrial Safety and Health Engineer Factory and Manufacturing 817,800 LRD
Intake Operator Factory and Manufacturing 315,900 LRD
Key Account Manager Factory and Manufacturing 1,195,600 LRD
Lift Truck Operator Factory and Manufacturing 257,700 LRD
Loading Supervisor Factory and Manufacturing 451,000 LRD
Logistic Coordinator Factory and Manufacturing 615,300 LRD
Logistics Clerk Factory and Manufacturing 309,800 LRD
Machine Operator Factory and Manufacturing 237,400 LRD
Machinist Factory and Manufacturing 249,600 LRD
Maintenance Manager Factory and Manufacturing 991,100 LRD
Maintenance Store Clerk Factory and Manufacturing 263,100 LRD
Manufacturing Engineer Factory and Manufacturing 757,600 LRD
Manufacturing Engineering Manager Factory and Manufacturing 1,155,400 LRD
Manufacturing Engineering Technologist Factory and Manufacturing 869,400 LRD
Manufacturing Manager Factory and Manufacturing 1,357,900 LRD
Manufacturing Operative Factory and Manufacturing 404,600 LRD
Manufacturing Production Technician Factory and Manufacturing 313,700 LRD
Manufacturing Supervisor Factory and Manufacturing 658,300 LRD
Manufacturing Technician Factory and Manufacturing 290,800 LRD
Materials Supervisor Factory and Manufacturing 709,600 LRD
Mechanical Fitter Engineer Factory and Manufacturing 791,200 LRD
Mechanical Foreman Factory and Manufacturing 245,300 LRD
Merchandise Planner Factory and Manufacturing 426,700 LRD
Metrology Engineer Factory and Manufacturing 728,500 LRD
Operations Engineer Factory and Manufacturing 758,700 LRD
Operations Manager Factory and Manufacturing 1,224,800 LRD
Order Management Coordinator Factory and Manufacturing 619,000 LRD
Order Processing Manager Factory and Manufacturing 999,500 LRD
Order Selector Factory and Manufacturing 315,900 LRD
Package Handler Factory and Manufacturing 233,600 LRD
Packaging Manager Factory and Manufacturing 819,000 LRD
Packer Factory and Manufacturing 253,400 LRD
Packing Deputy Supervisor Factory and Manufacturing 664,500 LRD
Planning Manager Factory and Manufacturing 1,088,800 LRD
Plant Manager Factory and Manufacturing 1,320,500 LRD
Precision Instrument Repairer Factory and Manufacturing 363,000 LRD
Process Technician Factory and Manufacturing 318,800 LRD
Product Manager Factory and Manufacturing 1,333,900 LRD
Production Analyst Factory and Manufacturing 1,116,700 LRD
Production Director Factory and Manufacturing 1,524,300 LRD
Production Engineer Factory and Manufacturing 840,800 LRD
Production Engineering Supervisor Factory and Manufacturing 1,134,100 LRD
Production Inspector Factory and Manufacturing 893,500 LRD
Production Laborer Factory and Manufacturing 215,100 LRD
Production Manager Factory and Manufacturing 1,417,600 LRD
Production Operator Factory and Manufacturing 325,900 LRD
Production Scheduler Factory and Manufacturing 602,700 LRD
Production Supervisor Factory and Manufacturing 785,400 LRD
Production Technician Factory and Manufacturing 349,300 LRD
Production Worker Factory and Manufacturing 318,800 LRD
Quality Control Analyst Factory and Manufacturing 1,027,600 LRD
Quality Control Inspector Factory and Manufacturing 864,900 LRD
Quality Control Manager Factory and Manufacturing 1,168,300 LRD
Service Technician Factory and Manufacturing 308,900 LRD
SHEQ Officer Factory and Manufacturing 367,900 LRD
Shipping Manager Factory and Manufacturing 1,165,300 LRD
Small Engine Mechanic Factory and Manufacturing 447,300 LRD
Spray Painter Factory and Manufacturing 243,000 LRD
Sterile Processing Technician Factory and Manufacturing 277,400 LRD
Structural Welder Factory and Manufacturing 225,700 LRD
Supply Chain Operative Factory and Manufacturing 721,600 LRD
Technical Operator Factory and Manufacturing 339,100 LRD
Technology Development Manager Factory and Manufacturing 1,320,500 LRD
Testing Technician Factory and Manufacturing 545,300 LRD
Toolmaker Factory and Manufacturing 397,900 LRD
Warehouse Forklift Operator Factory and Manufacturing 265,000 LRD
Warehouse Operative Factory and Manufacturing 257,700 LRD
Warehouse Worker Factory and Manufacturing 263,900 LRD
Warranty Handler Factory and Manufacturing 480,600 LRD
Welder Factory and Manufacturing 251,500 LRD
Workshop Manager Factory and Manufacturing 864,900 LRD

Salary Comparison by City

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

City Average Salary
Monrovia 1,191,100 LRD

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