Average Real Estate Association Manager Salary in Central African Republic for 2024

In this article, we will look at the average Real Estate Association Manager salary for 2024 in Central African Republic 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 Central African CFA franc. To keep things simple, we are using the XAF currency code instead of the currency symbol Fr.

How Much Does a Real Estate Association Manager Make in Central African Republic?

A Real Estate Association Manager working in Central African Republic will typically earn around 6,058,300 XAF per year, and this can range from the lowest average salary of about 2,844,200 XAF to the highest average salary of 9,565,900 XAF.

Average Annual Salary
6,058,300 XAF
Average Monthly Salary
504,858 XAF

Lowest Annual Salary
2,844,200 XAF
Lowest Monthly Salary
237,016 XAF

Highest Annual Salary
9,565,900 XAF
Highest Monthly Salary
797,158 XAF

These are average salaries for a Real Estate Association Manager in Central African Republic and include benefits such as housing and transport. It's also possible for a Real Estate Association Manager to earn more or less than the average salaries shown above.

Real Estate Association 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 Real Estate Association Manager Salaries in Central African Republic

So we've looked at the average salaries a Real Estate Association Manager will earn in Central African Republic. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Real Estate Association Manager can earn between 2,844,200 XAF and 9,565,900 XAF on average in Central African Republic. 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 Real Estate Association Manager in Central African Republic is 6,420,700 XAF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 6,420,700 XAF, and 50% of the population earn more than 6,420,700 XAF.

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 Real Estate Association Manager salary in Central African Republic, 25% of the population are earning less than 4,162,800 XAF while 75% of the population earn more than 4,162,800 XAF.

75% of the population earn less than 8,471,700 XAF, and 25% of the population earn more than 8,471,700 XAF.

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.

Real Estate Association Manager Salary by Experience Level in Central African Republic

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 real estate association 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 Real Estate Association Manager in Central African Republic that has less than two years of experience can expect to earn somewhere in the region of 3,288,400 XAF.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Association Manager salary would increase to 4,524,400 XAF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Association Manager, the average salary would be 6,442,400 XAF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 7,848,500 XAF.
  • 15 - 20 Years Experience. A Real Estate Association Manager with 15 to 20 years of experience can earn an average of 8,290,700 XAF.
  • 20+ Years Experience. For a Real Estate Association Manager with more than 20 years, the expected average salary increases to 9,025,900 XAF.

Average Salary by Experience Chart

0-2 Years
3,288,400 XAF
2-5 Years +38%
4,524,400 XAF
5-10 Years +42%
6,442,400 XAF
10-15 Years +22%
7,848,500 XAF
15-20 Years +6%
8,290,700 XAF
20+ Years +9%
9,025,900 XAF

Real Estate Association Manager Salary by Education Level in Central African Republic

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 Real Estate Association Manager in Central African Republic 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 Real Estate Association Manager in Central African Republic with a high school education can earn an average salary of 4,056,200 XAF.

  • Certificate or Diploma. A Real Estate Association Manager in Central African Republic with a certificate or diploma education can earn an average salary of 4,726,900 XAF.

  • Bachelor's Degree. A Real Estate Association Manager in Central African Republic with a bachelor's degree education can earn an average salary of 6,875,100 XAF.

  • Master's Degree. A Real Estate Association Manager in Central African Republic with a master's degree education can earn an average salary of 9,025,900 XAF.

Average Salary by Education Chart

High School
4,056,200 XAF
Certificate or Diploma +17%
4,726,900 XAF
Bachelor's Degree +45%
6,875,100 XAF
Master's Degree +31%
9,025,900 XAF

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 Central African Republic is around 2,160,000 to 6,490,000 XAF 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.

Real Estate Association 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 Central African Republic, a male real estate association manager will earn an average of 6,587,900 XAF, while a female real estate association manager will earn around 5,639,700 XAF.

This means that a male real estate association manager earns approximately 17% more than a female real estate association manager for performing the same job.

Average Salary by Gender Chart in Central African Republic

Male
6,587,900 XAF
Female -17%
5,639,700 XAF

Real Estate Association Manager Average Pay Raise in Central African Republic

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 Real Estate Association Manager in Central African Republic is around 7% every 30 months.

The national average pay raise across all professions and industries in Central African Republic 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 = ( 7 ÷ 30 ) × 12  = 3%

What this means is that a Real Estate Association Manager in Central African Republic can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Central African Republic for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Real Estate Association Manager Bonus and Incentive Rates in Central African Republic

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 Real Estate Association Manager is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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
66%
No Bonus
34%

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 Central African Republic earn approximately 7% more than private sector employees in the same role.

Public Sector
5,351,400 XAF
Private Sector -7%
4,981,700 XAF

Salaries for Jobs Similar to a Real Estate Association Manager

In the table below, we have salary information for jobs that are similar to a Real Estate Association Manager in Central African Republic.

Job Title Category Salary
Acquisition Associate Real Estate 4,391,800 XAF
Assistant Leasing Manager Real Estate 5,351,400 XAF
Assistant Property Manager Real Estate 5,784,200 XAF
Brokerage Real Estate 4,345,400 XAF
Brokerage Clerk Real Estate 2,221,600 XAF
Commercial Leasing Manager Real Estate 8,434,700 XAF
Commercial Real Estate Manager Real Estate 9,311,400 XAF
Community Development Manager Real Estate 8,483,700 XAF
Compliance Specialist Real Estate 4,116,600 XAF
Development Coordinator Real Estate 4,297,400 XAF
Director of Real Estate Real Estate 9,971,500 XAF
Lease Administrator Real Estate 5,326,200 XAF
Leasing Agent Real Estate 4,391,800 XAF
Leasing Consultant Real Estate 5,053,200 XAF
Leasing Manager Real Estate 6,109,700 XAF
Lettings Assistant Real Estate 2,281,800 XAF
Portfolio Analyst Real Estate 7,596,200 XAF
Portfolio Manager Real Estate 9,804,400 XAF
Property Acquisition Agent Real Estate 3,925,200 XAF
Property and Claims Specialist Real Estate 5,579,400 XAF
Property Manager Real Estate 6,660,500 XAF
Property Operations Manager Real Estate 9,289,200 XAF
Property Tax Assistant Real Estate 4,297,400 XAF
Real Estate Administrator Real Estate 4,714,900 XAF
Real Estate Agent Real Estate 4,726,900 XAF
Real Estate Analyst Real Estate 5,952,700 XAF
Real Estate Appraiser Real Estate 4,548,600 XAF
Real Estate Appraiser Real Estate 4,585,100 XAF
Real Estate Appraiser Real Estate 4,714,900 XAF
Real Estate Assistant Real Estate 4,102,700 XAF
Real Estate Broker Real Estate 4,211,600 XAF
Real Estate General Manager Real Estate 8,771,100 XAF
Real Estate Project Director Real Estate 8,626,600 XAF
Real Estate Project Manager Real Estate 7,537,100 XAF
Real Estate Sales Agent Real Estate 4,345,400 XAF
Real Estate Valuer Real Estate 4,846,300 XAF
Research Analyst Real Estate 4,019,900 XAF
Residential Advisor Real Estate 5,172,800 XAF
Residential Property Manager Real Estate 6,011,900 XAF
Shopping Center Manager Real Estate 9,385,400 XAF
Town Planner Real Estate 8,724,700 XAF

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