Average Real Estate Project Manager Salary in Zimbabwe for 2024

In this article, we will look at the average Real Estate Project Manager salary for 2024 in Zimbabwe 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 Zimbabwean dollar. To keep things simple, we are using the ZWL currency code instead of the currency symbol $.

How Much Does a Real Estate Project Manager Make in Zimbabwe?

A Real Estate Project Manager working in Zimbabwe will typically earn around 3,970,700 ZWL per year, and this can range from the lowest average salary of about 1,825,000 ZWL to the highest average salary of 6,311,900 ZWL.

Average Annual Salary
3,970,700 ZWL
Average Monthly Salary
330,891 ZWL

Lowest Annual Salary
1,825,000 ZWL
Lowest Monthly Salary
152,083 ZWL

Highest Annual Salary
6,311,900 ZWL
Highest Monthly Salary
525,991 ZWL

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

Real Estate Project 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 Project Manager Salaries in Zimbabwe

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

Salary ranges

We already know that a Real Estate Project Manager can earn between 1,825,000 ZWL and 6,311,900 ZWL on average in Zimbabwe. 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 Project Manager in Zimbabwe is 4,282,500 ZWL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 4,282,500 ZWL, and 50% of the population earn more than 4,282,500 ZWL.

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 Project Manager salary in Zimbabwe, 25% of the population are earning less than 2,748,900 ZWL while 75% of the population earn more than 2,748,900 ZWL.

75% of the population earn less than 5,724,700 ZWL, and 25% of the population earn more than 5,724,700 ZWL.

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 Project Manager Salary by Experience Level in Zimbabwe

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 project 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 Project Manager in Zimbabwe that has less than two years of experience can expect to earn somewhere in the region of 2,076,600 ZWL.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Project Manager salary would increase to 2,773,700 ZWL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Project Manager, the average salary would be 4,093,700 ZWL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,991,200 ZWL.
  • 15 - 20 Years Experience. A Real Estate Project Manager with 15 to 20 years of experience can earn an average of 5,434,400 ZWL.
  • 20+ Years Experience. For a Real Estate Project Manager with more than 20 years, the expected average salary increases to 5,880,300 ZWL.

Average Salary by Experience Chart

0-2 Years
2,076,600 ZWL
2-5 Years +34%
2,773,700 ZWL
5-10 Years +48%
4,093,700 ZWL
10-15 Years +22%
4,991,200 ZWL
15-20 Years +9%
5,434,400 ZWL
20+ Years +8%
5,880,300 ZWL

Real Estate Project Manager Salary by Education Level in Zimbabwe

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 Project Manager in Zimbabwe 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 Project Manager in Zimbabwe with a high school education can earn an average salary of 2,543,000 ZWL.

  • Certificate or Diploma. A Real Estate Project Manager in Zimbabwe with a certificate or diploma education can earn an average salary of 2,987,000 ZWL.

  • Bachelor's Degree. A Real Estate Project Manager in Zimbabwe with a bachelor's degree education can earn an average salary of 4,332,900 ZWL.

  • Master's Degree. A Real Estate Project Manager in Zimbabwe with a master's degree education can earn an average salary of 5,676,700 ZWL.

Average Salary by Education Chart

High School
2,543,000 ZWL
Certificate or Diploma +18%
2,987,000 ZWL
Bachelor's Degree +45%
4,332,900 ZWL
Master's Degree +31%
5,676,700 ZWL

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 Zimbabwe is around 1,080,000 to 3,250,000 ZWL 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 Project 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 Zimbabwe, a male real estate project manager will earn an average of 4,211,600 ZWL, while a female real estate project manager will earn around 3,733,300 ZWL.

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

Average Salary by Gender Chart in Zimbabwe

Male
4,211,600 ZWL
Female -13%
3,733,300 ZWL

Real Estate Project Manager Average Pay Raise in Zimbabwe

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 Project Manager in Zimbabwe is around 7% every 30 months.

The national average pay raise across all professions and industries in Zimbabwe 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 Project Manager in Zimbabwe can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Zimbabwe for 2024

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

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 Project Manager Bonus and Incentive Rates in Zimbabwe

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 Project Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% 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
67%
No Bonus
33%

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

Public Sector
2,893,600 ZWL
Private Sector -25%
2,314,800 ZWL

Salaries for Jobs Similar to a Real Estate Project Manager

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

Job Title Category Salary
Acquisition Associate Real Estate 2,100,900 ZWL
Assistant Leasing Manager Real Estate 2,819,600 ZWL
Assistant Property Manager Real Estate 2,724,700 ZWL
Brokerage Real Estate 2,136,200 ZWL
Brokerage Clerk Real Estate 1,113,100 ZWL
Commercial Leasing Manager Real Estate 4,609,700 ZWL
Commercial Real Estate Manager Real Estate 4,609,700 ZWL
Community Development Manager Real Estate 4,211,600 ZWL
Compliance Specialist Real Estate 2,038,500 ZWL
Development Coordinator Real Estate 2,136,200 ZWL
Director of Real Estate Real Estate 5,017,100 ZWL
Lease Administrator Real Estate 2,854,700 ZWL
Leasing Agent Real Estate 2,266,400 ZWL
Leasing Consultant Real Estate 2,519,500 ZWL
Leasing Manager Real Estate 3,047,800 ZWL
Lettings Assistant Real Estate 1,054,900 ZWL
Portfolio Analyst Real Estate 3,696,900 ZWL
Portfolio Manager Real Estate 5,280,300 ZWL
Property Acquisition Agent Real Estate 2,026,800 ZWL
Property and Claims Specialist Real Estate 2,617,900 ZWL
Property Manager Real Estate 3,239,400 ZWL
Property Operations Manager Real Estate 4,667,500 ZWL
Property Tax Assistant Real Estate 2,230,100 ZWL
Real Estate Administrator Real Estate 2,533,800 ZWL
Real Estate Agent Real Estate 2,374,400 ZWL
Real Estate Analyst Real Estate 2,868,600 ZWL
Real Estate Appraiser Real Estate 2,230,100 ZWL
Real Estate Appraiser Real Estate 2,242,500 ZWL
Real Estate Appraiser Real Estate 2,254,400 ZWL
Real Estate Assistant Real Estate 2,184,900 ZWL
Real Estate Association Manager Real Estate 2,987,000 ZWL
Real Estate Broker Real Estate 2,110,600 ZWL
Real Estate General Manager Real Estate 4,450,400 ZWL
Real Estate Project Director Real Estate 4,450,400 ZWL
Real Estate Sales Agent Real Estate 2,362,300 ZWL
Real Estate Valuer Real Estate 2,221,600 ZWL
Research Analyst Real Estate 2,110,600 ZWL
Residential Advisor Real Estate 2,593,900 ZWL
Residential Property Manager Real Estate 3,035,200 ZWL
Shopping Center Manager Real Estate 4,537,100 ZWL
Town Planner Real Estate 4,667,500 ZWL

Salary Comparison by City

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

City Average Salary
Bulawayo 3,898,100 ZWL
Harare 4,187,600 ZWL

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