Average Real Estate General Manager Salary in Laos for 2024

In this article, we will look at the average Real Estate General Manager salary for 2024 in Laos 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 Lao kip. To keep things simple, we are using the LAK currency code instead of the currency symbol โ‚ญ.

How Much Does a Real Estate General Manager Make in Laos?

A Real Estate General Manager working in Laos will typically earn around 95,281,200 LAK per year, and this can range from the lowest average salary of about 43,800,600 LAK to the highest average salary of 151,201,000 LAK.

Average Annual Salary
95,281,200 LAK
Average Monthly Salary
7,940,100 LAK

Lowest Annual Salary
43,800,600 LAK
Lowest Monthly Salary
3,650,050 LAK

Highest Annual Salary
151,201,000 LAK
Highest Monthly Salary
12,600,083 LAK

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

Real Estate General 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 General Manager Salaries in Laos

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

Salary ranges

We already know that a Real Estate General Manager can earn between 43,800,600 LAK and 151,201,000 LAK on average in Laos. 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 General Manager in Laos is 102,840,200 LAK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 102,840,200 LAK, and 50% of the population earn more than 102,840,200 LAK.

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 General Manager salary in Laos, 25% of the population are earning less than 65,998,100 LAK while 75% of the population earn more than 65,998,100 LAK.

75% of the population earn less than 136,800,100 LAK, and 25% of the population earn more than 136,800,100 LAK.

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 General Manager Salary by Experience Level in Laos

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 general 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 General Manager in Laos that has less than two years of experience can expect to earn somewhere in the region of 49,678,100 LAK.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate General Manager salary would increase to 66,359,800 LAK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate General Manager, the average salary would be 98,161,500 LAK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 119,640,400 LAK.
  • 15 - 20 Years Experience. A Real Estate General Manager with 15 to 20 years of experience can earn an average of 130,799,600 LAK.
  • 20+ Years Experience. For a Real Estate General Manager with more than 20 years, the expected average salary increases to 141,598,200 LAK.

Average Salary by Experience Chart

0-2 Years
49,678,100 LAK
2-5 Years +34%
66,359,800 LAK
5-10 Years +48%
98,161,500 LAK
10-15 Years +22%
119,640,400 LAK
15-20 Years +9%
130,799,600 LAK
20+ Years +8%
141,598,200 LAK

Real Estate General Manager Salary by Education Level in Laos

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 General Manager in Laos 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 General Manager in Laos with a high school education can earn an average salary of 61,080,900 LAK.

  • Certificate or Diploma. A Real Estate General Manager in Laos with a certificate or diploma education can earn an average salary of 71,761,200 LAK.

  • Bachelor's Degree. A Real Estate General Manager in Laos with a bachelor's degree education can earn an average salary of 104,040,600 LAK.

  • Master's Degree. A Real Estate General Manager in Laos with a master's degree education can earn an average salary of 136,800,100 LAK.

Average Salary by Education Chart

High School
61,080,900 LAK
Certificate or Diploma +18%
71,761,200 LAK
Bachelor's Degree +45%
104,040,600 LAK
Master's Degree +31%
136,800,100 LAK

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 Laos is around 22,700,000 to 68,200,000 LAK 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 General 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 Laos, a male real estate general manager will earn an average of 101,160,500 LAK, while a female real estate general manager will earn around 89,281,500 LAK.

This means that a male real estate general manager earns approximately 13% more than a female real estate general manager for performing the same job.

Average Salary by Gender Chart in Laos

Male
101,160,500 LAK
Female -13%
89,281,500 LAK

Real Estate General Manager Average Pay Raise in Laos

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 General Manager in Laos is around 8% every 31 months.

The national average pay raise across all professions and industries in Laos 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 = ( 8 ÷ 31 ) × 12  = 3%

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

Annual Pay Raise by Industry in Laos for 2024

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

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

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

Real Estate General Manager Bonus and Incentive Rates in Laos

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 General Manager is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% 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
68%
No Bonus
32%

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 Laos earn approximately 25% more than private sector employees in the same role.

Public Sector
60,598,100 LAK
Private Sector -25%
48,601,200 LAK

Salaries for Jobs Similar to a Real Estate General Manager

In the table below, we have salary information for jobs that are similar to a Real Estate General Manager in Laos.

Job Title Category Salary
Acquisition Associate Real Estate 47,401,700 LAK
Assistant Leasing Manager Real Estate 60,720,600 LAK
Assistant Property Manager Real Estate 62,041,800 LAK
Brokerage Real Estate 45,361,500 LAK
Brokerage Clerk Real Estate 25,200,800 LAK
Commercial Leasing Manager Real Estate 95,161,700 LAK
Commercial Real Estate Manager Real Estate 102,359,100 LAK
Community Development Manager Real Estate 91,079,200 LAK
Compliance Specialist Real Estate 47,640,400 LAK
Development Coordinator Real Estate 43,921,700 LAK
Director of Real Estate Real Estate 99,838,700 LAK
Lease Administrator Real Estate 59,518,100 LAK
Leasing Agent Real Estate 49,198,300 LAK
Leasing Consultant Real Estate 55,678,400 LAK
Leasing Manager Real Estate 65,759,500 LAK
Lettings Assistant Real Estate 22,441,700 LAK
Portfolio Analyst Real Estate 76,801,100 LAK
Portfolio Manager Real Estate 106,921,000 LAK
Property Acquisition Agent Real Estate 42,959,900 LAK
Property and Claims Specialist Real Estate 59,640,200 LAK
Property Manager Real Estate 67,321,200 LAK
Property Operations Manager Real Estate 93,118,500 LAK
Property Tax Assistant Real Estate 44,878,500 LAK
Real Estate Administrator Real Estate 52,681,700 LAK
Real Estate Agent Real Estate 49,801,000 LAK
Real Estate Analyst Real Estate 62,879,900 LAK
Real Estate Appraiser Real Estate 48,360,600 LAK
Real Estate Appraiser Real Estate 48,601,200 LAK
Real Estate Appraiser Real Estate 50,281,100 LAK
Real Estate Assistant Real Estate 46,680,900 LAK
Real Estate Association Manager Real Estate 63,120,600 LAK
Real Estate Broker Real Estate 47,758,300 LAK
Real Estate Project Director Real Estate 94,440,800 LAK
Real Estate Project Manager Real Estate 87,481,900 LAK
Real Estate Sales Agent Real Estate 48,841,700 LAK
Real Estate Valuer Real Estate 48,841,700 LAK
Research Analyst Real Estate 45,478,500 LAK
Residential Advisor Real Estate 58,680,100 LAK
Residential Property Manager Real Estate 65,041,800 LAK
Shopping Center Manager Real Estate 101,878,900 LAK
Town Planner Real Estate 94,801,100 LAK

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