Average Real Estate Association Manager Salary in Ghana for 2024

In this article, we will look at the average Real Estate Association Manager salary for 2024 in Ghana 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 Ghanaian cedi. To keep things simple, we are using the GHS currency code instead of the currency symbol โ‚ต.

How Much Does a Real Estate Association Manager Make in Ghana?

A Real Estate Association Manager working in Ghana will typically earn around 66,940 GHS per year, and this can range from the lowest average salary of about 31,960 GHS to the highest average salary of 101,980 GHS.

Average Annual Salary
66,940 GHS
Average Monthly Salary
5,578 GHS

Lowest Annual Salary
31,960 GHS
Lowest Monthly Salary
2,663 GHS

Highest Annual Salary
101,980 GHS
Highest Monthly Salary
8,498 GHS

These are average salaries for a Real Estate Association Manager in Ghana 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 Ghana

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

Salary ranges

We already know that a Real Estate Association Manager can earn between 31,960 GHS and 101,980 GHS on average in Ghana. 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 Ghana is 68,580 GHS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 68,580 GHS, and 50% of the population earn more than 68,580 GHS.

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 Ghana, 25% of the population are earning less than 46,280 GHS while 75% of the population earn more than 46,280 GHS.

75% of the population earn less than 87,640 GHS, and 25% of the population earn more than 87,640 GHS.

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 Ghana

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 Ghana that has less than two years of experience can expect to earn somewhere in the region of 38,140 GHS.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Association Manager salary would increase to 53,600 GHS.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Association Manager, the average salary would be 66,960 GHS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 85,880 GHS.
  • 15 - 20 Years Experience. A Real Estate Association Manager with 15 to 20 years of experience can earn an average of 91,560 GHS.
  • 20+ Years Experience. For a Real Estate Association Manager with more than 20 years, the expected average salary increases to 97,300 GHS.

Average Salary by Experience Chart

0-2 Years
38,140 GHS
2-5 Years +42%
53,600 GHS
5-10 Years +31%
66,960 GHS
10-15 Years +23%
85,880 GHS
15-20 Years +6%
91,560 GHS
20+ Years +10%
97,300 GHS

Real Estate Association Manager Salary by Education Level in Ghana

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 Ghana 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 Ghana with a high school education can earn an average salary of 47,540 GHS.

  • Certificate or Diploma. A Real Estate Association Manager in Ghana with a certificate or diploma education can earn an average salary of 51,120 GHS.

  • Bachelor's Degree. A Real Estate Association Manager in Ghana with a bachelor's degree education can earn an average salary of 76,280 GHS.

  • Master's Degree. A Real Estate Association Manager in Ghana with a master's degree education can earn an average salary of 96,160 GHS.

Average Salary by Education Chart

High School
47,540 GHS
Certificate or Diploma +16%
51,120 GHS
Bachelor's Degree +46%
76,280 GHS
Master's Degree +23%
96,160 GHS

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 Ghana is around 25,300 to 76,000 GHS 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 Ghana, a male real estate association manager will earn an average of 67,120 GHS, while a female real estate association manager will earn around 64,560 GHS.

This means that a male real estate association manager earns approximately 4% more than a female real estate association manager for performing the same job.

Average Salary by Gender Chart in Ghana

Male
67,120 GHS
Female -4%
64,560 GHS

Real Estate Association Manager Average Pay Raise in Ghana

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 Ghana is around 11% every 20 months.

The national average pay raise across all professions and industries in Ghana 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 ÷ 20 ) × 12  = 7%

What this means is that a Real Estate Association Manager in Ghana can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Ghana for 2024

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

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%

Real Estate Association Manager Bonus and Incentive Rates in Ghana

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 high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% 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
78%
No Bonus
22%

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 Ghana earn approximately 8% more than private sector employees in the same role.

Public Sector
62,460 GHS
Private Sector -8%
57,620 GHS

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 Ghana.

Job Title Category Salary
Acquisition Associate Real Estate 48,640 GHS
Assistant Leasing Manager Real Estate 58,800 GHS
Assistant Property Manager Real Estate 61,620 GHS
Brokerage Real Estate 48,140 GHS
Brokerage Clerk Real Estate 24,200 GHS
Commercial Leasing Manager Real Estate 94,400 GHS
Commercial Real Estate Manager Real Estate 111,240 GHS
Community Development Manager Real Estate 92,680 GHS
Compliance Specialist Real Estate 45,720 GHS
Development Coordinator Real Estate 48,200 GHS
Director of Real Estate Real Estate 108,300 GHS
Lease Administrator Real Estate 62,060 GHS
Leasing Agent Real Estate 49,560 GHS
Leasing Consultant Real Estate 56,460 GHS
Leasing Manager Real Estate 66,580 GHS
Lettings Assistant Real Estate 25,940 GHS
Portfolio Analyst Real Estate 82,720 GHS
Portfolio Manager Real Estate 111,000 GHS
Property Acquisition Agent Real Estate 42,040 GHS
Property and Claims Specialist Real Estate 61,620 GHS
Property Manager Real Estate 71,400 GHS
Property Operations Manager Real Estate 102,460 GHS
Property Tax Assistant Real Estate 51,080 GHS
Real Estate Administrator Real Estate 52,880 GHS
Real Estate Agent Real Estate 51,800 GHS
Real Estate Analyst Real Estate 67,560 GHS
Real Estate Appraiser Real Estate 50,620 GHS
Real Estate Appraiser Real Estate 52,460 GHS
Real Estate Appraiser Real Estate 53,380 GHS
Real Estate Assistant Real Estate 45,260 GHS
Real Estate Broker Real Estate 48,560 GHS
Real Estate General Manager Real Estate 102,020 GHS
Real Estate Project Director Real Estate 91,960 GHS
Real Estate Project Manager Real Estate 84,560 GHS
Real Estate Sales Agent Real Estate 48,560 GHS
Real Estate Valuer Real Estate 54,180 GHS
Research Analyst Real Estate 45,580 GHS
Residential Advisor Real Estate 61,400 GHS
Residential Property Manager Real Estate 66,840 GHS
Shopping Center Manager Real Estate 98,960 GHS
Town Planner Real Estate 99,920 GHS

Salary Comparison by City

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

City Average Salary
Accra 69,180 GHS
Kumasi 78,160 GHS

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