Average Media Product Development Manager Salary in Gibraltar for 2024

In this article, we will look at the average Media Product Development Manager salary for 2024 in Gibraltar 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 Gibraltar pound. To keep things simple, we are using the GIP currency code instead of the currency symbol £.

How Much Does a Media Product Development Manager Make in Gibraltar?

A Media Product Development Manager working in Gibraltar will typically earn around 63,900 GIP per year, and this can range from the lowest average salary of about 35,300 GIP to the highest average salary of 95,500 GIP.

Average Annual Salary
63,900 GIP
Average Monthly Salary
5,325 GIP

Lowest Annual Salary
35,300 GIP
Lowest Monthly Salary
2,941 GIP

Highest Annual Salary
95,500 GIP
Highest Monthly Salary
7,958 GIP

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

Media Product 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 Media Product Development Manager Salaries in Gibraltar

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

Salary ranges

We already know that a Media Product Development Manager can earn between 35,300 GIP and 95,500 GIP on average in Gibraltar. 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 Media Product Development Manager in Gibraltar is 58,200 GIP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 58,200 GIP, and 50% of the population earn more than 58,200 GIP.

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 Media Product Development Manager salary in Gibraltar, 25% of the population are earning less than 40,300 GIP while 75% of the population earn more than 40,300 GIP.

75% of the population earn less than 69,400 GIP, and 25% of the population earn more than 69,400 GIP.

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.

Media Product Development Manager Salary by Experience Level in Gibraltar

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 media product 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 Media Product Development Manager in Gibraltar that has less than two years of experience can expect to earn somewhere in the region of 40,300 GIP.
  • 2 - 5 Years Experience. With two to five years of experience the average Media Product Development Manager salary would increase to 50,700 GIP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Media Product Development Manager, the average salary would be 67,800 GIP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 76,800 GIP.
  • 15 - 20 Years Experience. A Media Product Development Manager with 15 to 20 years of experience can earn an average of 87,700 GIP.
  • 20+ Years Experience. For a Media Product Development Manager with more than 20 years, the expected average salary increases to 91,600 GIP.

Average Salary by Experience Chart

0-2 Years
40,300 GIP
2-5 Years +26%
50,700 GIP
5-10 Years +32%
67,800 GIP
10-15 Years +18%
76,800 GIP
15-20 Years +11%
87,700 GIP
20+ Years +6%
91,600 GIP

Media Product Development Manager Salary by Education Level in Gibraltar

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 Media Product Development Manager in Gibraltar based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Media Product Development Manager in Gibraltar with a high school education can earn an average salary of 49,400 GIP.

  • Certificate or Diploma. A Media Product Development Manager in Gibraltar with a certificate or diploma education can earn an average salary of 55,700 GIP.

  • Bachelor's Degree. A Media Product Development Manager in Gibraltar with a bachelor's degree education can earn an average salary of 73,100 GIP.

  • Master's Degree. A Media Product Development Manager in Gibraltar with a master's degree education can earn an average salary of 87,800 GIP.

Average Salary by Education Chart

High School
49,400 GIP
Certificate or Diploma +13%
55,700 GIP
Bachelor's Degree +32%
73,100 GIP
Master's Degree +24%
87,800 GIP

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 Gibraltar is around 16,900 to 50,700 GIP 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.

Media Product 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 Gibraltar, a male media product development manager will earn an average of 65,100 GIP, while a female media product development manager will earn around 60,000 GIP.

This means that a male media product development manager earns approximately 9% more than a female media product development manager for performing the same job.

Average Salary by Gender Chart in Gibraltar

Male
65,100 GIP
Female -9%
60,000 GIP

Media Product Development Manager Average Pay Raise in Gibraltar

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 Media Product Development Manager in Gibraltar is around 8% every 30 months.

The national average pay raise across all professions and industries in Gibraltar 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 Media Product Development Manager in Gibraltar can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Gibraltar for 2024

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

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%

Media Product Development Manager Bonus and Incentive Rates in Gibraltar

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 Media Product 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 Gibraltar earn approximately 24% more than private sector employees in the same role.

Public Sector
43,400 GIP
Private Sector -24%
35,000 GIP

Salaries for Jobs Similar to a Media Product Development Manager

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

Job Title Category Salary
3D Artist Media / Broadcasting / Arts / Entertainment 33,300 GIP
3D Designer Media / Broadcasting / Arts / Entertainment 35,400 GIP
3D Generalist Media / Broadcasting / Arts / Entertainment 30,100 GIP
3D Visualization Specialist Media / Broadcasting / Arts / Entertainment 37,200 GIP
Acrobatic Rigger Media / Broadcasting / Arts / Entertainment 22,400 GIP
Actor Media / Broadcasting / Arts / Entertainment 46,700 GIP
Art Administrator Media / Broadcasting / Arts / Entertainment 35,200 GIP
Art Director Media / Broadcasting / Arts / Entertainment 46,000 GIP
Art Lead Media / Broadcasting / Arts / Entertainment 43,800 GIP
Associate Media Director Media / Broadcasting / Arts / Entertainment 41,100 GIP
Associate Producer Media / Broadcasting / Arts / Entertainment 48,500 GIP
Broadcast and Sound Engineer Media / Broadcasting / Arts / Entertainment 30,600 GIP
Broadcast Associate Media / Broadcasting / Arts / Entertainment 27,600 GIP
Broadcast News Analyst Media / Broadcasting / Arts / Entertainment 35,500 GIP
Broadcast Technician Media / Broadcasting / Arts / Entertainment 20,000 GIP
Broadcasting Journalist Media / Broadcasting / Arts / Entertainment 45,700 GIP
Broadcasting Presenter Media / Broadcasting / Arts / Entertainment 45,600 GIP
Camera Equipment Repairer Media / Broadcasting / Arts / Entertainment 22,800 GIP
Camera Operator Media / Broadcasting / Arts / Entertainment 22,300 GIP
Cartoonist / Animator Media / Broadcasting / Arts / Entertainment 34,100 GIP
CAS Engineer Media / Broadcasting / Arts / Entertainment 34,800 GIP
Censorship Executive Media / Broadcasting / Arts / Entertainment 42,500 GIP
Choreographer Media / Broadcasting / Arts / Entertainment 29,200 GIP
Colorist Media / Broadcasting / Arts / Entertainment 19,000 GIP
Communications Manager Media / Broadcasting / Arts / Entertainment 55,100 GIP
Correspondent Media / Broadcasting / Arts / Entertainment 39,300 GIP
Dance Director Media / Broadcasting / Arts / Entertainment 35,400 GIP
Dancer Media / Broadcasting / Arts / Entertainment 32,600 GIP
Director of Photography Media / Broadcasting / Arts / Entertainment 38,000 GIP
Disc Jockey Media / Broadcasting / Arts / Entertainment 23,400 GIP
Editorial Assistant Media / Broadcasting / Arts / Entertainment 22,600 GIP
Events Manager Media / Broadcasting / Arts / Entertainment 35,600 GIP
Graphic Designer Media / Broadcasting / Arts / Entertainment 22,800 GIP
Illustrator Media / Broadcasting / Arts / Entertainment 27,400 GIP
Industrial Designer Media / Broadcasting / Arts / Entertainment 20,400 GIP
Instructional Designer Media / Broadcasting / Arts / Entertainment 23,200 GIP
Journalist Media / Broadcasting / Arts / Entertainment 43,500 GIP
Makeup Artist Media / Broadcasting / Arts / Entertainment 22,200 GIP
Media Design Manager Media / Broadcasting / Arts / Entertainment 64,300 GIP
Media Equipment Operator Media / Broadcasting / Arts / Entertainment 21,200 GIP
Media Operations Manager Media / Broadcasting / Arts / Entertainment 47,100 GIP
Media Planner Media / Broadcasting / Arts / Entertainment 30,300 GIP
Media Producer Media / Broadcasting / Arts / Entertainment 48,600 GIP
Media Production Manager Media / Broadcasting / Arts / Entertainment 59,800 GIP
Media Program Director Media / Broadcasting / Arts / Entertainment 68,900 GIP
Media Relation Executive Media / Broadcasting / Arts / Entertainment 63,500 GIP
Media Relations Manager Media / Broadcasting / Arts / Entertainment 61,800 GIP
Media Sales Manager Media / Broadcasting / Arts / Entertainment 68,200 GIP
Movement and Dance Coordinator Media / Broadcasting / Arts / Entertainment 37,300 GIP
Multimedia Coordinator Media / Broadcasting / Arts / Entertainment 22,000 GIP
Multimedia Designer Media / Broadcasting / Arts / Entertainment 27,600 GIP
Music Consultant Media / Broadcasting / Arts / Entertainment 33,500 GIP
Musician Media / Broadcasting / Arts / Entertainment 27,600 GIP
News Associate Media / Broadcasting / Arts / Entertainment 33,000 GIP
News Reporter Media / Broadcasting / Arts / Entertainment 43,800 GIP
Post Production Assistant Media / Broadcasting / Arts / Entertainment 21,100 GIP
Producer Media / Broadcasting / Arts / Entertainment 55,200 GIP
Product Designer Media / Broadcasting / Arts / Entertainment 24,800 GIP
Product Planner Media / Broadcasting / Arts / Entertainment 31,400 GIP
Production Artist Media / Broadcasting / Arts / Entertainment 30,700 GIP
Production Assistant Media / Broadcasting / Arts / Entertainment 21,500 GIP
Production Director Media / Broadcasting / Arts / Entertainment 50,100 GIP
Production Technician Media / Broadcasting / Arts / Entertainment 21,400 GIP
Program Researcher Media / Broadcasting / Arts / Entertainment 36,800 GIP
Promotion Coordinator Media / Broadcasting / Arts / Entertainment 30,800 GIP
Sound Engineer Media / Broadcasting / Arts / Entertainment 30,300 GIP
Sound Engineering Technician Media / Broadcasting / Arts / Entertainment 16,000 GIP
Stage Technician Media / Broadcasting / Arts / Entertainment 18,900 GIP
Sub Editor Media / Broadcasting / Arts / Entertainment 20,000 GIP
Television Executive Producer Media / Broadcasting / Arts / Entertainment 72,400 GIP
Transmission Engineer Media / Broadcasting / Arts / Entertainment 32,900 GIP
Video Editor Media / Broadcasting / Arts / Entertainment 29,300 GIP
Video Producer Media / Broadcasting / Arts / Entertainment 33,300 GIP
Videographer Media / Broadcasting / Arts / Entertainment 30,300 GIP
Visual Designer Media / Broadcasting / Arts / Entertainment 32,300 GIP

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