Average Media Product Development Manager Salary in Sri Lanka for 2024

In this article, we will look at the average Media Product Development Manager salary for 2024 in Sri Lanka 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 Sri Lankan rupee. To keep things simple, we are using the LKR currency code instead of the currency symbol Rs රු.

How Much Does a Media Product Development Manager Make in Sri Lanka?

A Media Product Development Manager working in Sri Lanka will typically earn around 1,703,200 LKR per year, and this can range from the lowest average salary of about 887,100 LKR to the highest average salary of 2,605,500 LKR.

Average Annual Salary
1,703,200 LKR
Average Monthly Salary
141,933 LKR

Lowest Annual Salary
887,100 LKR
Lowest Monthly Salary
73,925 LKR

Highest Annual Salary
2,605,500 LKR
Highest Monthly Salary
217,125 LKR

These are average salaries for a Media Product Development Manager in Sri Lanka 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 Sri Lanka

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

Salary ranges

We already know that a Media Product Development Manager can earn between 887,100 LKR and 2,605,500 LKR on average in Sri Lanka. 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 Sri Lanka is 1,632,100 LKR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,632,100 LKR, and 50% of the population earn more than 1,632,100 LKR.

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 Sri Lanka, 25% of the population are earning less than 1,134,100 LKR while 75% of the population earn more than 1,134,100 LKR.

75% of the population earn less than 2,038,500 LKR, and 25% of the population earn more than 2,038,500 LKR.

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 Sri Lanka

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 Sri Lanka that has less than two years of experience can expect to earn somewhere in the region of 1,007,400 LKR.
  • 2 - 5 Years Experience. With two to five years of experience the average Media Product Development Manager salary would increase to 1,357,900 LKR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Media Product Development Manager, the average salary would be 1,751,700 LKR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,124,400 LKR.
  • 15 - 20 Years Experience. A Media Product Development Manager with 15 to 20 years of experience can earn an average of 2,327,100 LKR.
  • 20+ Years Experience. For a Media Product Development Manager with more than 20 years, the expected average salary increases to 2,447,200 LKR.

Average Salary by Experience Chart

0-2 Years
1,007,400 LKR
2-5 Years +34%
1,357,900 LKR
5-10 Years +30%
1,751,700 LKR
10-15 Years +21%
2,124,400 LKR
15-20 Years +9%
2,327,100 LKR
20+ Years +5%
2,447,200 LKR

Media Product Development Manager Salary by Education Level in Sri Lanka

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 Sri Lanka 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 Sri Lanka with a high school education can earn an average salary of 1,212,800 LKR.

  • Certificate or Diploma. A Media Product Development Manager in Sri Lanka with a certificate or diploma education can earn an average salary of 1,380,400 LKR.

  • Bachelor's Degree. A Media Product Development Manager in Sri Lanka with a bachelor's degree education can earn an average salary of 1,955,300 LKR.

  • Master's Degree. A Media Product Development Manager in Sri Lanka with a master's degree education can earn an average salary of 2,362,300 LKR.

Average Salary by Education Chart

High School
1,212,800 LKR
Certificate or Diploma +14%
1,380,400 LKR
Bachelor's Degree +41%
1,955,300 LKR
Master's Degree +21%
2,362,300 LKR

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 Sri Lanka is around 449,000 to 1,350,000 LKR 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 Sri Lanka, a male media product development manager will earn an average of 1,800,200 LKR, while a female media product development manager will earn around 1,632,100 LKR.

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

Average Salary by Gender Chart in Sri Lanka

Male
1,800,200 LKR
Female -10%
1,632,100 LKR

Media Product Development Manager Average Pay Raise in Sri Lanka

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 Sri Lanka is around 13% every 18 months.

The national average pay raise across all professions and industries in Sri Lanka is around 9% every 17 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 = ( 13 ÷ 18 ) × 12  = 9%

What this means is that a Media Product Development Manager in Sri Lanka can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Sri Lanka for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Media Product Development Manager Bonus and Incentive Rates in Sri Lanka

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 high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% 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 8%.

Received Bonus
78%
No Bonus
22%

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 Sri Lanka earn approximately 8% more than private sector employees in the same role.

Public Sector
1,109,200 LKR
Private Sector -8%
1,031,200 LKR

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 Sri Lanka.

Job Title Category Salary
3D Artist Media / Broadcasting / Arts / Entertainment 1,028,300 LKR
3D Designer Media / Broadcasting / Arts / Entertainment 987,200 LKR
3D Generalist Media / Broadcasting / Arts / Entertainment 858,400 LKR
3D Visualization Specialist Media / Broadcasting / Arts / Entertainment 1,038,700 LKR
Acrobatic Rigger Media / Broadcasting / Arts / Entertainment 664,500 LKR
Actor Media / Broadcasting / Arts / Entertainment 1,369,700 LKR
Art Administrator Media / Broadcasting / Arts / Entertainment 1,062,500 LKR
Art Director Media / Broadcasting / Arts / Entertainment 1,369,700 LKR
Art Lead Media / Broadcasting / Arts / Entertainment 1,333,900 LKR
Associate Media Director Media / Broadcasting / Arts / Entertainment 1,099,200 LKR
Associate Producer Media / Broadcasting / Arts / Entertainment 1,487,200 LKR
Broadcast and Sound Engineer Media / Broadcasting / Arts / Entertainment 931,700 LKR
Broadcast Associate Media / Broadcasting / Arts / Entertainment 702,800 LKR
Broadcast News Analyst Media / Broadcasting / Arts / Entertainment 995,000 LKR
Broadcast Technician Media / Broadcasting / Arts / Entertainment 641,900 LKR
Broadcasting Journalist Media / Broadcasting / Arts / Entertainment 1,249,900 LKR
Broadcasting Presenter Media / Broadcasting / Arts / Entertainment 1,357,900 LKR
Camera Equipment Repairer Media / Broadcasting / Arts / Entertainment 694,700 LKR
Camera Operator Media / Broadcasting / Arts / Entertainment 663,200 LKR
Cartoonist / Animator Media / Broadcasting / Arts / Entertainment 999,500 LKR
CAS Engineer Media / Broadcasting / Arts / Entertainment 1,054,900 LKR
Censorship Executive Media / Broadcasting / Arts / Entertainment 1,198,300 LKR
Choreographer Media / Broadcasting / Arts / Entertainment 917,700 LKR
Colorist Media / Broadcasting / Arts / Entertainment 525,700 LKR
Communications Manager Media / Broadcasting / Arts / Entertainment 1,464,200 LKR
Correspondent Media / Broadcasting / Arts / Entertainment 1,172,800 LKR
Dance Director Media / Broadcasting / Arts / Entertainment 1,032,400 LKR
Dancer Media / Broadcasting / Arts / Entertainment 918,500 LKR
Director of Photography Media / Broadcasting / Arts / Entertainment 1,053,900 LKR
Disc Jockey Media / Broadcasting / Arts / Entertainment 696,700 LKR
Editorial Assistant Media / Broadcasting / Arts / Entertainment 559,000 LKR
Events Manager Media / Broadcasting / Arts / Entertainment 1,080,400 LKR
Graphic Designer Media / Broadcasting / Arts / Entertainment 681,500 LKR
Illustrator Media / Broadcasting / Arts / Entertainment 808,000 LKR
Industrial Designer Media / Broadcasting / Arts / Entertainment 683,800 LKR
Instructional Designer Media / Broadcasting / Arts / Entertainment 637,500 LKR
Journalist Media / Broadcasting / Arts / Entertainment 1,320,500 LKR
Makeup Artist Media / Broadcasting / Arts / Entertainment 663,200 LKR
Media Design Manager Media / Broadcasting / Arts / Entertainment 1,882,700 LKR
Media Equipment Operator Media / Broadcasting / Arts / Entertainment 558,300 LKR
Media Operations Manager Media / Broadcasting / Arts / Entertainment 1,333,900 LKR
Media Planner Media / Broadcasting / Arts / Entertainment 917,700 LKR
Media Producer Media / Broadcasting / Arts / Entertainment 1,249,900 LKR
Media Production Manager Media / Broadcasting / Arts / Entertainment 1,668,900 LKR
Media Program Director Media / Broadcasting / Arts / Entertainment 1,882,700 LKR
Media Relation Executive Media / Broadcasting / Arts / Entertainment 1,980,600 LKR
Media Relations Manager Media / Broadcasting / Arts / Entertainment 1,788,300 LKR
Media Sales Manager Media / Broadcasting / Arts / Entertainment 2,015,600 LKR
Movement and Dance Coordinator Media / Broadcasting / Arts / Entertainment 1,003,800 LKR
Multimedia Coordinator Media / Broadcasting / Arts / Entertainment 693,100 LKR
Multimedia Designer Media / Broadcasting / Arts / Entertainment 694,700 LKR
Music Consultant Media / Broadcasting / Arts / Entertainment 917,700 LKR
Musician Media / Broadcasting / Arts / Entertainment 745,000 LKR
News Associate Media / Broadcasting / Arts / Entertainment 955,800 LKR
News Reporter Media / Broadcasting / Arts / Entertainment 1,273,300 LKR
Post Production Assistant Media / Broadcasting / Arts / Entertainment 625,000 LKR
Producer Media / Broadcasting / Arts / Entertainment 1,728,900 LKR
Product Designer Media / Broadcasting / Arts / Entertainment 713,900 LKR
Product Planner Media / Broadcasting / Arts / Entertainment 946,800 LKR
Production Artist Media / Broadcasting / Arts / Entertainment 962,900 LKR
Production Assistant Media / Broadcasting / Arts / Entertainment 631,200 LKR
Production Director Media / Broadcasting / Arts / Entertainment 1,464,200 LKR
Production Technician Media / Broadcasting / Arts / Entertainment 603,400 LKR
Program Researcher Media / Broadcasting / Arts / Entertainment 1,148,200 LKR
Promotion Coordinator Media / Broadcasting / Arts / Entertainment 858,400 LKR
Sound Engineer Media / Broadcasting / Arts / Entertainment 866,900 LKR
Sound Engineering Technician Media / Broadcasting / Arts / Entertainment 510,000 LKR
Stage Technician Media / Broadcasting / Arts / Entertainment 543,200 LKR
Sub Editor Media / Broadcasting / Arts / Entertainment 638,700 LKR
Television Executive Producer Media / Broadcasting / Arts / Entertainment 2,052,200 LKR
Transmission Engineer Media / Broadcasting / Arts / Entertainment 991,100 LKR
Video Editor Media / Broadcasting / Arts / Entertainment 807,900 LKR
Video Producer Media / Broadcasting / Arts / Entertainment 1,009,200 LKR
Videographer Media / Broadcasting / Arts / Entertainment 931,900 LKR
Visual Designer Media / Broadcasting / Arts / Entertainment 955,800 LKR

Salary Comparison by City

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

City Average Salary
Colombo 1,955,300 LKR

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