Average Project Buyer Salary in Sri Lanka for 2024

In this article, we will look at the average Project Buyer 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 Project Buyer Make in Sri Lanka?

A Project Buyer working in Sri Lanka will typically earn around 1,273,300 LKR per year, and this can range from the lowest average salary of about 664,500 LKR to the highest average salary of 1,955,300 LKR.

Average Annual Salary
1,273,300 LKR
Average Monthly Salary
106,108 LKR

Lowest Annual Salary
664,500 LKR
Lowest Monthly Salary
55,375 LKR

Highest Annual Salary
1,955,300 LKR
Highest Monthly Salary
162,941 LKR

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

Project Buyer 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 Project Buyer Salaries in Sri Lanka

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

Salary ranges

We already know that a Project Buyer can earn between 664,500 LKR and 1,955,300 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 Project Buyer in Sri Lanka is 1,224,800 LKR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,224,800 LKR, and 50% of the population earn more than 1,224,800 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 Project Buyer salary in Sri Lanka, 25% of the population are earning less than 849,200 LKR while 75% of the population earn more than 849,200 LKR.

75% of the population earn less than 1,524,300 LKR, and 25% of the population earn more than 1,524,300 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.

Project Buyer 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 project buyer 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 Project Buyer in Sri Lanka that has less than two years of experience can expect to earn somewhere in the region of 754,900 LKR.
  • 2 - 5 Years Experience. With two to five years of experience the average Project Buyer salary would increase to 1,011,300 LKR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Project Buyer, the average salary would be 1,320,500 LKR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,594,500 LKR.
  • 15 - 20 Years Experience. A Project Buyer with 15 to 20 years of experience can earn an average of 1,741,800 LKR.
  • 20+ Years Experience. For a Project Buyer with more than 20 years, the expected average salary increases to 1,835,700 LKR.

Average Salary by Experience Chart

0-2 Years
754,900 LKR
2-5 Years +34%
1,011,300 LKR
5-10 Years +30%
1,320,500 LKR
10-15 Years +21%
1,594,500 LKR
15-20 Years +9%
1,741,800 LKR
20+ Years +5%
1,835,700 LKR

Project Buyer 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 Project Buyer 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 Project Buyer in Sri Lanka with a high school education can earn an average salary of 896,700 LKR.

  • Certificate or Diploma. A Project Buyer in Sri Lanka with a certificate or diploma education can earn an average salary of 1,283,600 LKR.

  • Bachelor's Degree. A Project Buyer in Sri Lanka with a bachelor's degree education can earn an average salary of 1,777,700 LKR.

Average Salary by Education Chart

High School
896,700 LKR
Certificate or Diploma +43%
1,283,600 LKR
Bachelor's Degree +38%
1,777,700 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.

Project Buyer 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 project buyer will earn an average of 1,357,900 LKR, while a female project buyer will earn around 1,224,800 LKR.

This means that a male project buyer earns approximately 11% more than a female project buyer for performing the same job.

Average Salary by Gender Chart in Sri Lanka

Male
1,357,900 LKR
Female -11%
1,224,800 LKR

Project Buyer 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 Project Buyer in Sri Lanka is around 11% every 19 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 = ( 11 ÷ 19 ) × 12  = 7%

What this means is that a Project Buyer in Sri Lanka can expect to receive an average pay raise of around 7% 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%

Project Buyer 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 Project Buyer 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 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 Project Buyer

In the table below, we have salary information for jobs that are similar to a Project Buyer in Sri Lanka.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 1,023,400 LKR
Asset Protection Associate Purchasing and Inventory 945,400 LKR
Asset Protection Specialist Purchasing and Inventory 1,003,800 LKR
Assistant Buyer Purchasing and Inventory 899,100 LKR
Buyer Purchasing and Inventory 1,476,700 LKR
Capacity Planner Purchasing and Inventory 1,074,600 LKR
Category Leader Purchasing and Inventory 1,023,000 LKR
Category Management Specialist Purchasing and Inventory 1,057,100 LKR
Category Manager Purchasing and Inventory 1,198,300 LKR
Channel Services Representative Purchasing and Inventory 1,027,600 LKR
Contracts Manager Purchasing and Inventory 1,224,800 LKR
Contracts Specialist Purchasing and Inventory 995,000 LKR
Demand Planner Purchasing and Inventory 1,094,000 LKR
Demand Planning Manager Purchasing and Inventory 1,249,900 LKR
Distribution Assistant Purchasing and Inventory 899,100 LKR
Distribution Associate Purchasing and Inventory 917,200 LKR
Distribution Manager Purchasing and Inventory 1,908,800 LKR
Inventory Analyst Purchasing and Inventory 978,900 LKR
Inventory Control Clerk Purchasing and Inventory 524,300 LKR
Inventory Control Manager Purchasing and Inventory 1,345,400 LKR
Inventory Management Associate Purchasing and Inventory 1,038,700 LKR
Inventory Specialist Purchasing and Inventory 964,000 LKR
Logistics Engineer Purchasing and Inventory 945,400 LKR
Master Planner Purchasing and Inventory 931,700 LKR
Material Handler Purchasing and Inventory 597,800 LKR
Material Planning Specialist Purchasing and Inventory 847,000 LKR
Merchandise Manager Purchasing and Inventory 1,182,400 LKR
Procurement Administrator Purchasing and Inventory 1,138,300 LKR
Procurement Agent Purchasing and Inventory 757,300 LKR
Procurement Analyst Purchasing and Inventory 1,259,300 LKR
Procurement Assistant Purchasing and Inventory 756,700 LKR
Procurement Associate Purchasing and Inventory 1,032,400 LKR
Procurement Clerk Purchasing and Inventory 498,500 LKR
Procurement Engineer Purchasing and Inventory 965,800 LKR
Procurement Manager Purchasing and Inventory 1,990,300 LKR
Procurement Officer Purchasing and Inventory 478,100 LKR
Procurement Process Analyst Purchasing and Inventory 1,172,800 LKR
Procurement Specialist Purchasing and Inventory 956,200 LKR
Production Planner Purchasing and Inventory 1,069,900 LKR
Purchaser Purchasing and Inventory 1,570,900 LKR
Purchasing Agent Purchasing and Inventory 800,200 LKR
Purchasing Assistant Purchasing and Inventory 539,700 LKR
Purchasing Manager Purchasing and Inventory 2,015,600 LKR
Purchasing Officer Purchasing and Inventory 874,300 LKR
Purchasing Supervisor Purchasing and Inventory 1,296,900 LKR
Shipping and Receiving Clerk Purchasing and Inventory 499,300 LKR
Shipping Coordinator Purchasing and Inventory 917,200 LKR
Stock Clerk Purchasing and Inventory 524,300 LKR
Stock Regulator Purchasing and Inventory 607,400 LKR
Storage Manager Purchasing and Inventory 1,249,900 LKR
Store Keeper Purchasing and Inventory 510,200 LKR
Stores and Logistics Coordinator Purchasing and Inventory 991,100 LKR
Supply Chain Analyst Purchasing and Inventory 1,391,600 LKR
Supply Chain Coordinator Purchasing and Inventory 1,019,200 LKR
Supply Chain Development Manager Purchasing and Inventory 1,788,300 LKR
Supply Chain Director Purchasing and Inventory 2,038,500 LKR
Supply Chain Manager Purchasing and Inventory 2,052,200 LKR
Supply Planner Purchasing and Inventory 973,800 LKR
Warehouse Assistant Purchasing and Inventory 417,100 LKR
Warehouse Clerk Purchasing and Inventory 425,100 LKR
Warehouse Executive Purchasing and Inventory 1,751,700 LKR
Warehouse Lead Purchasing and Inventory 1,094,000 LKR
Warehouse Manager Purchasing and Inventory 1,800,200 LKR
Warehouse Supervisor Purchasing and Inventory 1,249,900 LKR
Wholesale Buyer Purchasing and Inventory 1,450,700 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 1,428,800 LKR

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