Average Pharmacy Manager Salary in New Caledonia for 2024

In this article, we will look at the average Pharmacy Manager salary for 2024 in New Caledonia 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 CFP franc. To keep things simple, we are using the XPF currency code instead of the currency symbol โ‚ฃ.

How Much Does a Pharmacy Manager Make in New Caledonia?

A Pharmacy Manager working in New Caledonia will typically earn around 1,921,500 XPF per year, and this can range from the lowest average salary of about 882,400 XPF to the highest average salary of 3,047,800 XPF.

Average Annual Salary
1,921,500 XPF
Average Monthly Salary
160,125 XPF

Lowest Annual Salary
882,400 XPF
Lowest Monthly Salary
73,533 XPF

Highest Annual Salary
3,047,800 XPF
Highest Monthly Salary
253,983 XPF

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

Pharmacy 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 Pharmacy Manager Salaries in New Caledonia

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

Salary ranges

We already know that a Pharmacy Manager can earn between 882,400 XPF and 3,047,800 XPF on average in New Caledonia. 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 Pharmacy Manager in New Caledonia is 2,076,600 XPF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,076,600 XPF, and 50% of the population earn more than 2,076,600 XPF.

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 Pharmacy Manager salary in New Caledonia, 25% of the population are earning less than 1,333,900 XPF while 75% of the population earn more than 1,333,900 XPF.

75% of the population earn less than 2,773,700 XPF, and 25% of the population earn more than 2,773,700 XPF.

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.

Pharmacy Manager Salary by Experience Level in New Caledonia

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 pharmacy 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 Pharmacy Manager in New Caledonia that has less than two years of experience can expect to earn somewhere in the region of 1,003,800 XPF.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmacy Manager salary would increase to 1,345,400 XPF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmacy Manager, the average salary would be 1,980,600 XPF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,411,500 XPF.
  • 15 - 20 Years Experience. A Pharmacy Manager with 15 to 20 years of experience can earn an average of 2,629,100 XPF.
  • 20+ Years Experience. For a Pharmacy Manager with more than 20 years, the expected average salary increases to 2,844,200 XPF.

Average Salary by Experience Chart

0-2 Years
1,003,800 XPF
2-5 Years +34%
1,345,400 XPF
5-10 Years +48%
1,980,600 XPF
10-15 Years +22%
2,411,500 XPF
15-20 Years +9%
2,629,100 XPF
20+ Years +8%
2,844,200 XPF

Pharmacy Manager Salary by Education Level in New Caledonia

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 Pharmacy Manager in New Caledonia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Pharmacy Manager in New Caledonia with a bachelor's degree education can earn an average salary of 1,165,300 XPF.

  • Master's Degree. A Pharmacy Manager in New Caledonia with a master's degree education can earn an average salary of 2,242,500 XPF.

Average Salary by Education Chart

Bachelor's Degree
1,165,300 XPF
Master's Degree +93%
2,242,500 XPF

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 New Caledonia is around 438,000 to 1,320,000 XPF 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.

Pharmacy 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 New Caledonia, a male pharmacy manager will earn an average of 2,086,500 XPF, while a female pharmacy manager will earn around 1,751,700 XPF.

This means that a male pharmacy manager earns approximately 19% more than a female pharmacy manager for performing the same job.

Average Salary by Gender Chart in New Caledonia

Male
2,086,500 XPF
Female -19%
1,751,700 XPF

Pharmacy Manager Average Pay Raise in New Caledonia

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 Pharmacy Manager in New Caledonia is around 8% every 29 months.

The national average pay raise across all professions and industries in New Caledonia 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Pharmacy Manager in New Caledonia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in New Caledonia for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Pharmacy Manager Bonus and Incentive Rates in New Caledonia

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 Pharmacy Manager is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% 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
68%
No Bonus
32%

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 New Caledonia earn approximately 11% more than private sector employees in the same role.

Public Sector
1,094,000 XPF
Private Sector -11%
987,200 XPF

Salaries for Jobs Similar to a Pharmacy Manager

In the table below, we have salary information for jobs that are similar to a Pharmacy Manager in New Caledonia.

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 890,700 XPF
Assistant Pharmacy Director Pharmaceutical and Biotechnology 1,678,300 XPF
Associate Medical Affairs Director Pharmaceutical and Biotechnology 2,207,600 XPF
Bioinformatics Scientist Pharmaceutical and Biotechnology 2,003,200 XPF
Bioinformatics Technician Pharmaceutical and Biotechnology 974,600 XPF
Biological Scientist Pharmaceutical and Biotechnology 2,173,000 XPF
Biological Technician Pharmaceutical and Biotechnology 978,900 XPF
Biomedical Engineer Pharmaceutical and Biotechnology 862,400 XPF
Biomedical Engineering Director Pharmaceutical and Biotechnology 1,777,700 XPF
Biostatistician Pharmaceutical and Biotechnology 1,369,700 XPF
Biotechnologist Pharmaceutical and Biotechnology 1,333,900 XPF
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 1,105,600 XPF
Chemical Process Technician Pharmaceutical and Biotechnology 964,000 XPF
Clinical Consultant Pharmaceutical and Biotechnology 1,417,600 XPF
Clinical Data Manager Pharmaceutical and Biotechnology 1,405,700 XPF
Clinical Data Specialist Pharmaceutical and Biotechnology 1,235,600 XPF
Clinical Informatics Specialist Pharmaceutical and Biotechnology 1,067,300 XPF
Clinical Operations Manager Pharmaceutical and Biotechnology 2,015,600 XPF
Clinical Pharmacist Pharmaceutical and Biotechnology 1,391,600 XPF
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 1,606,100 XPF
Clinical Programmer Pharmaceutical and Biotechnology 728,500 XPF
Clinical Project Manager Pharmaceutical and Biotechnology 1,235,600 XPF
Clinical Research Associate Pharmaceutical and Biotechnology 1,181,200 XPF
Clinical Research Manager Pharmaceutical and Biotechnology 1,967,000 XPF
Clinical Study Manager Pharmaceutical and Biotechnology 1,693,600 XPF
Compliance Specialist Pharmaceutical and Biotechnology 1,417,600 XPF
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 1,075,700 XPF
Cytotechnologist Pharmaceutical and Biotechnology 1,134,500 XPF
GCP Auditor Pharmaceutical and Biotechnology 1,224,800 XPF
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 1,057,700 XPF
Manufacturing Engineer Pharmaceutical and Biotechnology 1,088,600 XPF
Medical Affairs Director Pharmaceutical and Biotechnology 2,146,100 XPF
Medical Representative Pharmaceutical and Biotechnology 931,900 XPF
Medical Science Liaison Pharmaceutical and Biotechnology 1,500,800 XPF
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 2,110,600 XPF
Nuclear Pharmacist Pharmaceutical and Biotechnology 1,417,600 XPF
Pharmaceutical Manager Pharmaceutical and Biotechnology 2,254,400 XPF
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 2,411,500 XPF
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 2,207,600 XPF
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 1,249,900 XPF
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 1,440,700 XPF
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 1,428,800 XPF
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 1,428,800 XPF
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 1,112,300 XPF
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 1,450,700 XPF
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 1,212,800 XPF
Pharmaceutical Representative Pharmaceutical and Biotechnology 903,500 XPF
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 1,333,900 XPF
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 1,955,300 XPF
Pharmaceutical Researcher Pharmaceutical and Biotechnology 1,942,700 XPF
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 1,668,900 XPF
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 2,003,200 XPF
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 861,300 XPF
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 2,146,100 XPF
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 1,537,500 XPF
Pharmaceutical Technologist Pharmaceutical and Biotechnology 971,200 XPF
Pharmacist Pharmaceutical and Biotechnology 1,283,600 XPF
Pharmacy Aide Pharmaceutical and Biotechnology 918,500 XPF
Pharmacy Stock Controller Pharmaceutical and Biotechnology 759,300 XPF
Pharmacy Technician Pharmaceutical and Biotechnology 791,200 XPF
Records Management Coordinator Pharmaceutical and Biotechnology 694,700 XPF
Shift Encapsulator Pharmaceutical and Biotechnology 780,700 XPF
Staff Pharmacist Pharmaceutical and Biotechnology 1,369,700 XPF

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