Average Professor - Economics Salary in Kazakhstan for 2024

In this article, we will look at the average Professor - Economics salary for 2024 in Kazakhstan 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 Kazakhstani tenge. To keep things simple, we are using the KZT currency code instead of the currency symbol โ‚ธ.

How Much Does a Professor - Economics Make in Kazakhstan?

A Professor - Economics working in Kazakhstan will typically earn around 7,583,100 KZT per year, and this can range from the lowest average salary of about 3,946,200 KZT to the highest average salary of 11,617,300 KZT.

Average Annual Salary
7,583,100 KZT
Average Monthly Salary
631,925 KZT

Lowest Annual Salary
3,946,200 KZT
Lowest Monthly Salary
328,850 KZT

Highest Annual Salary
11,617,300 KZT
Highest Monthly Salary
968,108 KZT

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

Professor - Economics 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 Professor - Economics Salaries in Kazakhstan

So we've looked at the average salaries a Professor - Economics will earn in Kazakhstan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Professor - Economics can earn between 3,946,200 KZT and 11,617,300 KZT on average in Kazakhstan. 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 Professor - Economics in Kazakhstan is 7,285,700 KZT. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 7,285,700 KZT, and 50% of the population earn more than 7,285,700 KZT.

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 Professor - Economics salary in Kazakhstan, 25% of the population are earning less than 5,053,200 KZT while 75% of the population earn more than 5,053,200 KZT.

75% of the population earn less than 9,073,200 KZT, and 25% of the population earn more than 9,073,200 KZT.

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.

Professor - Economics Salary by Experience Level in Kazakhstan

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 professor - economics 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 Professor - Economics in Kazakhstan that has less than two years of experience can expect to earn somewhere in the region of 4,488,100 KZT.
  • 2 - 5 Years Experience. With two to five years of experience the average Professor - Economics salary would increase to 6,011,900 KZT.
  • 5 - 10 Years Experience. From five to ten years of experience as a Professor - Economics, the average salary would be 7,812,200 KZT.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 9,466,400 KZT.
  • 15 - 20 Years Experience. A Professor - Economics with 15 to 20 years of experience can earn an average of 10,344,200 KZT.
  • 20+ Years Experience. For a Professor - Economics with more than 20 years, the expected average salary increases to 10,882,800 KZT.

Average Salary by Experience Chart

0-2 Years
4,488,100 KZT
2-5 Years +34%
6,011,900 KZT
5-10 Years +30%
7,812,200 KZT
10-15 Years +21%
9,466,400 KZT
15-20 Years +9%
10,344,200 KZT
20+ Years +5%
10,882,800 KZT

Professor - Economics Salary by Education Level in Kazakhstan

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 Professor - Economics in Kazakhstan based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Master's Degree. A Professor - Economics in Kazakhstan with a master's degree education can earn an average salary of 4,943,500 KZT.

  • PhD. A Professor - Economics in Kazakhstan with a phd education can earn an average salary of 8,771,100 KZT.

Average Salary by Education Chart

Master's Degree
4,943,500 KZT
PhD +78%
8,771,100 KZT

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 Kazakhstan is around 1,940,000 to 5,810,000 KZT 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.

Professor - Economics 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 Kazakhstan, a male professor - economics will earn an average of 7,860,600 KZT, while a female professor - economics will earn around 7,381,700 KZT.

This means that a male professor - economics earns approximately 6% more than a female professor - economics for performing the same job.

Average Salary by Gender Chart in Kazakhstan

Male
7,860,600 KZT
Female -6%
7,381,700 KZT

Professor - Economics Average Pay Raise in Kazakhstan

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 Professor - Economics in Kazakhstan is around 11% every 21 months.

The national average pay raise across all professions and industries in Kazakhstan is around 8% every 19 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 = ( 11 ÷ 21 ) × 12  = 6%

What this means is that a Professor - Economics in Kazakhstan can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Kazakhstan for 2024

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

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%

Professor - Economics Bonus and Incentive Rates in Kazakhstan

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 Professor - Economics is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% 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 3% to 5%.

Received Bonus
52%
No Bonus
48%

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

Public Sector
4,834,900 KZT
Private Sector -11%
4,355,800 KZT

Salaries for Jobs Similar to a Professor - Economics

In the table below, we have salary information for jobs that are similar to a Professor - Economics in Kazakhstan.

Job Title Category Salary
Academic Advisor Teaching / Education 4,895,800 KZT
Academic Assistant Teaching / Education 3,514,400 KZT
Academic Coach Teaching / Education 4,943,500 KZT
Academic Librarian Teaching / Education 3,564,300 KZT
Academic Manager Teaching / Education 5,880,300 KZT
Academic Specialist Teaching / Education 4,488,100 KZT
Academic Staff Teaching / Education 3,912,600 KZT
Accompanist Teaching / Education 4,152,200 KZT
Achievement Coach Teaching / Education 5,197,600 KZT
Admissions Specialist Teaching / Education 4,260,400 KZT
Agricultural Sciences Teacher Teaching / Education 3,781,400 KZT
Anthropology Teacher Teaching / Education 3,875,100 KZT
Arabic Language Teacher Teaching / Education 3,745,100 KZT
Archeology Teacher Teaching / Education 4,102,700 KZT
Architecture Teacher Teaching / Education 4,499,000 KZT
Archivist Teaching / Education 3,529,600 KZT
Art Teacher Teaching / Education 3,648,200 KZT
Assistant School Principal Teaching / Education 5,221,800 KZT
Assistant Teacher Teaching / Education 3,455,900 KZT
Biochemistry Professor Teaching / Education 7,381,700 KZT
Biology Teacher Teaching / Education 4,116,600 KZT
Bursary Scheme Manager Teaching / Education 4,870,300 KZT
Business Teacher Teaching / Education 4,320,200 KZT
Careers Advisor Teaching / Education 4,883,400 KZT
Careers Consultant Teaching / Education 5,038,200 KZT
Chemistry Teacher Teaching / Education 3,984,100 KZT
Child Care Coordinator Teaching / Education 4,140,900 KZT
Child Care Worker Teaching / Education 3,373,200 KZT
Childcare Worker Teaching / Education 3,373,200 KZT
Classroom Assistant Teaching / Education 3,178,700 KZT
Clinical School Psychologist Teaching / Education 5,761,400 KZT
College Aide Teaching / Education 5,197,600 KZT
College and Career Readiness Specialist Teaching / Education 5,555,200 KZT
College Dean Teaching / Education 9,262,300 KZT
College President Teaching / Education 8,891,600 KZT
Communications Teacher Teaching / Education 3,959,700 KZT
Community Education Officer Teaching / Education 3,455,900 KZT
Computer Science Teacher Teaching / Education 3,685,200 KZT
Computer Teacher Teaching / Education 3,685,200 KZT
Creative Writing Trainer Teaching / Education 4,594,300 KZT
Credit Counselor Teaching / Education 4,919,600 KZT
Cultural Studies Teacher Teaching / Education 3,706,100 KZT
Curriculum Coordinator Teaching / Education 4,488,100 KZT
Curriculum Developer Teaching / Education 5,063,200 KZT
Curriculum Specialist Teaching / Education 4,956,800 KZT
Dean of Faculty Teaching / Education 8,820,700 KZT
Demonstrator Teaching / Education 3,601,500 KZT
Deputy Controller of Examinations Teaching / Education 4,703,900 KZT
Director of Learning Technology Teaching / Education 5,507,100 KZT
Distance Learning Coordinator Teaching / Education 4,260,400 KZT
Economics Lecturer Teaching / Education 6,624,300 KZT
Economics Teacher Teaching / Education 3,898,100 KZT
Education Administrator Teaching / Education 4,429,300 KZT
Education Assistant Teaching / Education 3,648,200 KZT
Education Assistant Director Teaching / Education 5,172,800 KZT
Education Assistant Librarian Teaching / Education 3,094,100 KZT
Education Assistant Principal Teaching / Education 4,187,600 KZT
Education Assistant Professor Teaching / Education 5,412,700 KZT
Education Associate Teaching / Education 3,745,100 KZT
Education Consultant Teaching / Education 5,242,700 KZT
Education Consultant Teaching / Education 5,471,700 KZT
Education Coordinator Teaching / Education 4,211,600 KZT
Education Counselor Teaching / Education 4,681,400 KZT
Education Director Teaching / Education 7,150,200 KZT
Education Program Specialist Teaching / Education 4,943,500 KZT
Education Researcher Teaching / Education 5,639,700 KZT
Education Resource Specialist Teaching / Education 4,332,900 KZT
Education Services Facilitator Teaching / Education 4,618,200 KZT
Educational Psychologist Teaching / Education 6,300,400 KZT
EFL Teacher Teaching / Education 4,162,800 KZT
eLearning Trainer Teaching / Education 3,481,100 KZT
Elementary School Teacher Teaching / Education 3,205,100 KZT
Engineering Lecturer Teaching / Education 6,850,500 KZT
Engineering Teacher Teaching / Education 5,639,700 KZT
English Teacher Teaching / Education 3,781,400 KZT
ESL Teacher Teaching / Education 4,162,800 KZT
Faculty Assistant Teaching / Education 4,786,100 KZT
Foreign Language Teacher Teaching / Education 3,805,100 KZT
GED Teacher Teaching / Education 3,745,100 KZT
Geography Teacher Teaching / Education 3,718,600 KZT
Head of Mathematics Department Teaching / Education 5,183,700 KZT
Head of School Teaching / Education 6,469,100 KZT
High School Teacher Teaching / Education 4,558,700 KZT
History Teacher Teaching / Education 4,043,600 KZT
Infant Teacher Teaching / Education 2,964,800 KZT
Instructional Assistant Teaching / Education 4,067,600 KZT
Instructor Teaching / Education 4,548,600 KZT
Kindergarten Teacher Teaching / Education 3,239,400 KZT
Language Instructor For Expatriate Teaching / Education 3,299,800 KZT
Law Teacher Teaching / Education 5,639,700 KZT
Learning Designer Teaching / Education 4,799,700 KZT
Lecturer Teaching / Education 7,115,800 KZT
Librarian Teaching / Education 3,299,800 KZT
Library Assistant Teaching / Education 2,782,600 KZT
Library Director Teaching / Education 4,585,100 KZT
Library Specialist Teaching / Education 3,586,300 KZT
Library Technician Teaching / Education 3,178,700 KZT
Life Sciences Teacher Teaching / Education 3,781,400 KZT
Math Lecturer Teaching / Education 7,488,800 KZT
Math Teacher Teaching / Education 4,633,100 KZT
Mathematics Teacher Teaching / Education 4,414,800 KZT
Mentor Teaching / Education 4,570,300 KZT
Middle School Teacher Teaching / Education 4,152,200 KZT
Music Teacher Teaching / Education 3,648,200 KZT
Nursery Manager Teaching / Education 6,118,800 KZT
Nursery Worker Teaching / Education 2,557,100 KZT
Paraprofessional Teaching / Education 5,507,100 KZT
Physical Education Specialist Teaching / Education 4,558,700 KZT
Physical Education Teacher Teaching / Education 3,421,600 KZT
Physics Teacher Teaching / Education 3,934,900 KZT
Political Science Teacher Teaching / Education 4,116,600 KZT
Post Doctoral Researcher Teaching / Education 6,493,000 KZT
Preschool Education Administrator Teaching / Education 4,369,800 KZT
Preschool Teacher Teaching / Education 3,263,500 KZT
Primary School Teacher Teaching / Education 3,635,200 KZT
Principal Teaching / Education 5,926,600 KZT
Product Specialist Teaching / Education 4,499,000 KZT
Professor - Accounting Teaching / Education 7,271,300 KZT
Professor - Architecture Teaching / Education 7,464,400 KZT
Professor - Biology Teaching / Education 7,297,800 KZT
Professor - Business Administration Teaching / Education 7,174,700 KZT
Professor - Chemical Engineering Teaching / Education 7,189,800 KZT
Professor - Chemistry Teaching / Education 7,140,500 KZT
Professor - Civil Engineering Teaching / Education 6,696,900 KZT
Professor - Communication Teaching / Education 6,709,300 KZT
Professor - Computer Science Teaching / Education 7,129,200 KZT
Professor - Dentistry Teaching / Education 7,499,500 KZT
Professor - Drama Teaching / Education 6,971,100 KZT
Professor - Education Teaching / Education 7,537,100 KZT
Professor - Electrical Engineering Teaching / Education 7,919,400 KZT
Professor - English Teaching / Education 6,552,400 KZT
Professor - Environmental Engineering Teaching / Education 7,081,500 KZT
Professor - Foreign Languages Teaching / Education 6,635,400 KZT
Professor - Geological Sciences Teaching / Education 6,934,900 KZT
Professor - History Teaching / Education 7,067,300 KZT
Professor - Industrial Engineering Teaching / Education 7,081,500 KZT
Professor - Law Teaching / Education 7,750,400 KZT
Professor - Legal Support Teaching / Education 6,971,100 KZT
Professor - Liberal Arts Teaching / Education 7,356,900 KZT
Professor - Marketing Teaching / Education 7,199,500 KZT
Professor - Mathematics Teaching / Education 8,111,500 KZT
Professor - Mechanical Engineering Teaching / Education 7,236,200 KZT
Professor - Medical Administration Teaching / Education 7,369,700 KZT
Professor - Medicine Teaching / Education 8,377,500 KZT
Professor - Music Teaching / Education 6,469,100 KZT
Professor - Nursing Teaching / Education 6,709,300 KZT
Professor - Pharmaceutical Sciences Teaching / Education 7,140,500 KZT
Professor - Philosophy Teaching / Education 7,271,300 KZT
Professor - Physical Therapy Teaching / Education 7,715,800 KZT
Professor - Physics Teaching / Education 8,029,300 KZT
Professor - Psychology Teaching / Education 7,369,700 KZT
Professor - Rehabilitation Teaching / Education 6,274,900 KZT
Professor - Social Work Teaching / Education 6,216,700 KZT
Professor - Sociology Teaching / Education 6,862,900 KZT
Professor - Special Education Teaching / Education 7,057,300 KZT
Psychology Teacher Teaching / Education 5,784,200 KZT
Public Management Assistant Professor Teaching / Education 5,880,300 KZT
School Counselor Teaching / Education 5,628,400 KZT
Science Educator Teaching / Education 3,984,100 KZT
Science Laboratory Assistant Teaching / Education 3,455,900 KZT
Science Teacher Teaching / Education 3,898,100 KZT
Secondary Mathematics Teacher Teaching / Education 4,140,900 KZT
Secondary School Teacher Teaching / Education 3,829,500 KZT
Special Education Teacher Teaching / Education 4,320,200 KZT
Special Needs Assistant Teaching / Education 3,553,500 KZT
Statistics Lecturer Teaching / Education 7,105,200 KZT
Student Accounts Coordinator Teaching / Education 3,769,500 KZT
Student Development Specialist Teaching / Education 4,777,400 KZT
Student Employment Specialist Teaching / Education 4,570,300 KZT
Student Services Teaching / Education 3,455,900 KZT
Student Services Coordinator Teaching / Education 3,564,300 KZT
Student Support Manager Teaching / Education 4,799,700 KZT
Substitute Teacher Teaching / Education 3,229,900 KZT
Teacher Teaching / Education 3,706,100 KZT
Teacher Aide Teaching / Education 3,239,400 KZT
Teacher Trainer Teaching / Education 4,991,200 KZT
Teaching Assistant Teaching / Education 2,964,800 KZT
TEFL Teacher Teaching / Education 3,996,300 KZT
Training and Development Specialist Teaching / Education 5,003,800 KZT
Training Coordinator Teaching / Education 3,529,600 KZT
Tutor Teaching / Education 3,934,900 KZT
University Teacher Teaching / Education 6,901,600 KZT
Vocational Education Teacher Teaching / Education 3,706,100 KZT

Salary Comparison by City

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

City Average Salary
Almaty 8,172,900 KZT
Astana 8,062,900 KZT

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