Average Product Executive Salary in Albania for 2024

In this article, we will look at the average Product Executive salary for 2024 in Albania 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 Albanian lek. To keep things simple, we are using the ALL currency code instead of the currency symbol L.

How Much Does a Product Executive Make in Albania?

A Product Executive working in Albania will typically earn around 1,510,400 ALL per year, and this can range from the lowest average salary of about 743,100 ALL to the highest average salary of 2,362,300 ALL.

Average Annual Salary
1,510,400 ALL
Average Monthly Salary
125,866 ALL

Lowest Annual Salary
743,100 ALL
Lowest Monthly Salary
61,925 ALL

Highest Annual Salary
2,362,300 ALL
Highest Monthly Salary
196,858 ALL

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

Product Executive 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 Product Executive Salaries in Albania

So we've looked at the average salaries a Product Executive will earn in Albania. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Product Executive can earn between 743,100 ALL and 2,362,300 ALL on average in Albania. 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 Product Executive in Albania is 1,547,500 ALL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,547,500 ALL, and 50% of the population earn more than 1,547,500 ALL.

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 Product Executive salary in Albania, 25% of the population are earning less than 1,032,400 ALL while 75% of the population earn more than 1,032,400 ALL.

75% of the population earn less than 1,990,300 ALL, and 25% of the population earn more than 1,990,300 ALL.

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.

Product Executive Salary by Experience Level in Albania

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 product executive 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 Product Executive in Albania that has less than two years of experience can expect to earn somewhere in the region of 879,800 ALL.
  • 2 - 5 Years Experience. With two to five years of experience the average Product Executive salary would increase to 1,134,500 ALL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product Executive, the average salary would be 1,560,800 ALL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,930,500 ALL.
  • 15 - 20 Years Experience. A Product Executive with 15 to 20 years of experience can earn an average of 2,076,600 ALL.
  • 20+ Years Experience. For a Product Executive with more than 20 years, the expected average salary increases to 2,207,600 ALL.

Average Salary by Experience Chart

0-2 Years
879,800 ALL
2-5 Years +29%
1,134,500 ALL
5-10 Years +38%
1,560,800 ALL
10-15 Years +24%
1,930,500 ALL
15-20 Years +7%
2,076,600 ALL
20+ Years +7%
2,207,600 ALL

Product Executive Salary by Education Level in Albania

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 Product Executive in Albania 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 Product Executive in Albania with a high school education can earn an average salary of 1,099,200 ALL.

  • Certificate or Diploma. A Product Executive in Albania with a certificate or diploma education can earn an average salary of 1,259,300 ALL.

  • Bachelor's Degree. A Product Executive in Albania with a bachelor's degree education can earn an average salary of 1,703,200 ALL.

  • Master's Degree. A Product Executive in Albania with a master's degree education can earn an average salary of 2,136,200 ALL.

Average Salary by Education Chart

High School
1,099,200 ALL
Certificate or Diploma +15%
1,259,300 ALL
Bachelor's Degree +35%
1,703,200 ALL
Master's Degree +26%
2,136,200 ALL

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 Albania is around 480,000 to 1,440,000 ALL 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.

Product Executive 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 Albania, a male product executive will earn an average of 1,560,800 ALL, while a female product executive will earn around 1,450,700 ALL.

This means that a male product executive earns approximately 8% more than a female product executive for performing the same job.

Average Salary by Gender Chart in Albania

Male
1,560,800 ALL
Female -8%
1,450,700 ALL

Product Executive Average Pay Raise in Albania

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 Product Executive in Albania is around 9% every 28 months.

The national average pay raise across all professions and industries in Albania 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Product Executive in Albania can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Albania for 2024

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

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

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

Product Executive Bonus and Incentive Rates in Albania

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 Product Executive is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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
64%
No Bonus
36%

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 Albania earn approximately 14% more than private sector employees in the same role.

Public Sector
1,249,900 ALL
Private Sector -14%
1,097,500 ALL

Salaries for Jobs Similar to a Product Executive

In the table below, we have salary information for jobs that are similar to a Product Executive in Albania.

Job Title Category Salary
Account Coordinator Executive and Management 1,142,900 ALL
Account Director Executive and Management 1,405,700 ALL
Account Executive Executive and Management 1,306,100 ALL
Account Manager Executive and Management 1,249,900 ALL
Administration Manager Executive and Management 1,306,100 ALL
Administration Officer Executive and Management 698,200 ALL
Administration Supervisor Executive and Management 1,095,900 ALL
Administrative Clerk Executive and Management 519,300 ALL
Administrative Officer Executive and Management 528,500 ALL
Area Director Executive and Management 1,212,800 ALL
Area Manager Executive and Management 1,249,900 ALL
Asset Protection Associate Executive and Management 1,476,700 ALL
Assistant Director Executive and Management 1,333,900 ALL
Assistant General Manager Executive and Management 1,510,400 ALL
Assistant Manager Executive and Management 1,450,700 ALL
Assistant Managing Director Executive and Management 1,594,500 ALL
Assistant Operations Manager Executive and Management 1,524,300 ALL
Assistant Project Manager Executive and Management 1,380,400 ALL
Assistant Section Head Executive and Management 1,147,600 ALL
Assistant to CEO Executive and Management 1,273,300 ALL
Assistant Vice President Executive and Management 1,537,500 ALL
Associate Account Director Executive and Management 1,428,800 ALL
Associate Director Executive and Management 1,391,600 ALL
Bid Manager Executive and Management 1,570,900 ALL
Branch Manager Executive and Management 1,500,800 ALL
Business Development Manager Executive and Management 1,788,300 ALL
Business Operations Associate Executive and Management 1,428,800 ALL
Business Operations Lead Executive and Management 1,476,700 ALL
Campaign Manager Executive and Management 1,583,700 ALL
Catering Coordinator Executive and Management 839,500 ALL
Catering Manager Executive and Management 1,369,700 ALL
CEO Executive and Management 2,662,900 ALL
Chairman of The Board Executive and Management 2,653,700 ALL
Chairman Office Manager Executive and Management 1,741,800 ALL
Chief Commercial Officer Executive and Management 2,015,600 ALL
Chief Corporate Officer Executive and Management 2,254,400 ALL
Chief Executive Officer Executive and Management 2,641,300 ALL
Chief Financial Officer Executive and Management 2,533,800 ALL
Chief Investment Officer Executive and Management 1,967,000 ALL
Chief of Staff Executive and Management 1,273,300 ALL
Chief Operating Officer Executive and Management 1,980,600 ALL
Chief Risk Officer Executive and Management 1,655,500 ALL
Client Account Manager Executive and Management 1,583,700 ALL
Client Accounts Officer Executive and Management 1,345,400 ALL
Client Services Manager Executive and Management 1,751,700 ALL
Commercial Director Executive and Management 1,921,500 ALL
Commercial Manager Executive and Management 1,583,700 ALL
Commercial Project Manager Executive and Management 1,524,300 ALL
Commodity Broker Executive and Management 1,162,900 ALL
COO Executive and Management 2,003,200 ALL
Corporate Affairs Executive Executive and Management 1,594,500 ALL
Corporate Compliance Director Executive and Management 1,728,900 ALL
Corporate Director Executive and Management 1,825,000 ALL
Corporate Officer Executive and Management 1,249,900 ALL
Corporate Partnerships Officer Executive and Management 1,306,100 ALL
Country Manager Executive and Management 2,124,400 ALL
Department Head Executive and Management 1,645,600 ALL
Department Manager Executive and Management 1,655,500 ALL
Department Supervisor Executive and Management 1,428,800 ALL
Deputy Director Executive and Management 1,882,700 ALL
Deputy Manager Executive and Management 1,967,000 ALL
Director Executive and Management 2,052,200 ALL
Director of Accreditation Executive and Management 1,777,700 ALL
Director of Catering Services Executive and Management 1,594,500 ALL
Director of Client Services Executive and Management 1,751,700 ALL
Director of Facilities Management Executive and Management 1,464,200 ALL
Director of Operations Executive and Management 1,858,200 ALL
Director of Process Simplification Executive and Management 1,417,600 ALL
Director of Product Management Executive and Management 1,811,000 ALL
Director of Project Management Executive and Management 1,908,800 ALL
Director of Revenue Management Executive and Management 1,668,900 ALL
Director of Training and Development Executive and Management 1,728,900 ALL
Distribution Manager Executive and Management 1,858,200 ALL
Division Manager Executive and Management 1,645,600 ALL
Duty Manager Executive and Management 1,524,300 ALL
Engagement Manager Executive and Management 1,835,700 ALL
Executive Director Executive and Management 2,676,200 ALL
Executive Manager Executive and Management 2,254,400 ALL
Franchise Manager Executive and Management 2,362,300 ALL
General Manager Executive and Management 2,124,400 ALL
Global Master Data Manager Executive and Management 1,882,700 ALL
Global Technical Lead Executive and Management 1,259,300 ALL
Head of Investment Executive and Management 1,870,400 ALL
Head of Middle Office Executive and Management 1,741,800 ALL
Head of Projects Executive and Management 1,835,700 ALL
Head of Strategy Executive and Management 2,076,600 ALL
Head of Supply Chain Executive and Management 1,693,600 ALL
Head of Sustainability Executive and Management 1,560,800 ALL
Housing Manager Executive and Management 1,405,700 ALL
HSE Manager Executive and Management 1,537,500 ALL
Key Account Manager Executive and Management 1,450,700 ALL
Knowledge Manager Executive and Management 1,751,700 ALL
Location Manager Executive and Management 1,751,700 ALL
Logistics Executive Executive and Management 1,333,900 ALL
Logistics Manager Executive and Management 1,333,900 ALL
Management Consultant Executive and Management 1,450,700 ALL
Management Executive Executive and Management 1,942,700 ALL
Manager Executive and Management 1,846,200 ALL
Managing Director Executive and Management 2,197,700 ALL
MIS Executive Executive and Management 1,728,900 ALL
Ocean Services Manager Executive and Management 1,835,700 ALL
Operational Manager Executive and Management 1,942,700 ALL
Operations Analyst Executive and Management 1,632,100 ALL
Operations Assistant Executive and Management 1,357,900 ALL
Operations Director Executive and Management 1,955,300 ALL
Operations Executive Executive and Management 2,038,500 ALL
Operations Manager Executive and Management 2,076,600 ALL
Operations Supervisor Executive and Management 1,693,600 ALL
Planning Director Executive and Management 1,942,700 ALL
PMO Manager Executive and Management 1,765,300 ALL
Policy Administration Executive Executive and Management 1,464,200 ALL
Private Sector Executive Executive and Management 1,537,500 ALL
Product Development Manager Executive and Management 1,882,700 ALL
Production Executive Executive and Management 1,858,200 ALL
Production Manager Executive and Management 1,765,300 ALL
Production Supervisor Executive and Management 1,487,200 ALL
Program Director Executive and Management 1,908,800 ALL
Program Manager Executive and Management 1,835,700 ALL
Programme Coordinator Executive and Management 1,345,400 ALL
Project Control Manager Executive and Management 1,846,200 ALL
Project Coordinator Executive and Management 1,089,400 ALL
Project Management Officer Executive and Management 1,333,900 ALL
Project Manager Executive and Management 1,391,600 ALL
Project Portfolio Manager Executive and Management 1,510,400 ALL
Quality Manager Executive and Management 1,500,800 ALL
R/D Director Executive and Management 1,606,100 ALL
Regional Director Executive and Management 2,557,100 ALL
Regional Manager Executive and Management 1,777,700 ALL
Relationship Manager Executive and Management 1,846,200 ALL
Retail District Manager Executive and Management 1,296,900 ALL
Revenue Manager Executive and Management 1,369,700 ALL
Risk and Capital Manager Executive and Management 1,990,300 ALL
Risk Officer Executive and Management 1,333,900 ALL
Safety Manager Executive and Management 1,345,400 ALL
Section Head Executive and Management 1,345,400 ALL
Service Manager Executive and Management 1,440,700 ALL
Shift Supervisor Executive and Management 1,059,800 ALL
Solutions Manager Executive and Management 1,296,900 ALL
Supervisor Executive and Management 1,153,300 ALL
Supply Chain Manager Executive and Management 1,858,200 ALL
Surveyor Executive and Management 1,296,900 ALL
Technical Director Executive and Management 1,728,900 ALL
Technical Manager Executive and Management 1,703,200 ALL
Territory Manager Executive and Management 1,825,000 ALL
Validation Manager Executive and Management 1,547,500 ALL
Vice President Executive and Management 2,266,400 ALL
Zone Manager Executive and Management 1,955,300 ALL

Salary Comparison by City

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

City Average Salary
Berat 1,583,700 ALL
Durres 1,728,900 ALL
Elbasan 1,621,400 ALL
Fier 1,510,400 ALL
Gjirokaster 1,524,300 ALL
Korca 1,537,500 ALL
Lezhe 1,391,600 ALL
Sarande 1,405,700 ALL
Shkodra 1,668,900 ALL
Tirana 1,678,300 ALL
Vlore 1,693,600 ALL

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