Average Research Analyst Salary in Lesotho for 2024

In this article, we will look at the average Research Analyst salary for 2024 in Lesotho 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 Lesotho loti. To keep things simple, we are using the LSL currency code instead of the currency symbol L.

How Much Does a Research Analyst Make in Lesotho?

A Research Analyst working in Lesotho will typically earn around 112,600 LSL per year, and this can range from the lowest average salary of about 57,440 LSL to the highest average salary of 172,200 LSL.

Average Annual Salary
112,600 LSL
Average Monthly Salary
9,383 LSL

Lowest Annual Salary
57,440 LSL
Lowest Monthly Salary
4,786 LSL

Highest Annual Salary
172,200 LSL
Highest Monthly Salary
14,350 LSL

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

Research Analyst 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 Research Analyst Salaries in Lesotho

So we've looked at the average salaries a Research Analyst will earn in Lesotho. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Research Analyst can earn between 57,440 LSL and 172,200 LSL on average in Lesotho. 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 Research Analyst in Lesotho is 107,860 LSL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 107,860 LSL, and 50% of the population earn more than 107,860 LSL.

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 Research Analyst salary in Lesotho, 25% of the population are earning less than 77,400 LSL while 75% of the population earn more than 77,400 LSL.

75% of the population earn less than 136,200 LSL, and 25% of the population earn more than 136,200 LSL.

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.

Research Analyst Salary by Experience Level in Lesotho

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 research analyst 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 Research Analyst in Lesotho that has less than two years of experience can expect to earn somewhere in the region of 66,260 LSL.
  • 2 - 5 Years Experience. With two to five years of experience the average Research Analyst salary would increase to 90,980 LSL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Research Analyst, the average salary would be 116,380 LSL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 142,300 LSL.
  • 15 - 20 Years Experience. A Research Analyst with 15 to 20 years of experience can earn an average of 154,700 LSL.
  • 20+ Years Experience. For a Research Analyst with more than 20 years, the expected average salary increases to 161,600 LSL.

Average Salary by Experience Chart

0-2 Years
66,260 LSL
2-5 Years +34%
90,980 LSL
5-10 Years +30%
116,380 LSL
10-15 Years +21%
142,300 LSL
15-20 Years +9%
154,700 LSL
20+ Years +5%
161,600 LSL

Research Analyst Salary by Education Level in Lesotho

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 Research Analyst in Lesotho 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 Research Analyst in Lesotho with a high school education can earn an average salary of 80,060 LSL.

  • Certificate or Diploma. A Research Analyst in Lesotho with a certificate or diploma education can earn an average salary of 92,880 LSL.

  • Bachelor's Degree. A Research Analyst in Lesotho with a bachelor's degree education can earn an average salary of 128,500 LSL.

  • Master's Degree. A Research Analyst in Lesotho with a master's degree education can earn an average salary of 158,700 LSL.

Average Salary by Education Chart

High School
80,060 LSL
Certificate or Diploma +14%
92,880 LSL
Bachelor's Degree +41%
128,500 LSL
Master's Degree +21%
158,700 LSL

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 Lesotho is around 58,700 to 176,000 LSL 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.

Research Analyst 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 Lesotho, a male research analyst will earn an average of 119,900 LSL, while a female research analyst will earn around 108,800 LSL.

This means that a male research analyst earns approximately 10% more than a female research analyst for performing the same job.

Average Salary by Gender Chart in Lesotho

Male
119,900 LSL
Female -10%
108,800 LSL

Research Analyst Average Pay Raise in Lesotho

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 Research Analyst in Lesotho is around 7% every 28 months.

The national average pay raise across all professions and industries in Lesotho is around 5% every 28 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 ÷ 28 ) × 12  = 3%

What this means is that a Research Analyst in Lesotho can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Lesotho for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Research Analyst Bonus and Incentive Rates in Lesotho

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 Research Analyst is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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
35%
No Bonus
65%

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 Lesotho earn approximately 13% more than private sector employees in the same role.

Public Sector
152,000 LSL
Private Sector -13%
134,600 LSL

Salaries for Jobs Similar to a Research Analyst

In the table below, we have salary information for jobs that are similar to a Research Analyst in Lesotho.

Job Title Category Salary
Acquisition Associate Real Estate 119,700 LSL
Assistant Leasing Manager Real Estate 152,300 LSL
Assistant Property Manager Real Estate 152,300 LSL
Brokerage Real Estate 119,700 LSL
Brokerage Clerk Real Estate 61,840 LSL
Commercial Leasing Manager Real Estate 253,400 LSL
Commercial Real Estate Manager Real Estate 246,200 LSL
Community Development Manager Real Estate 221,500 LSL
Compliance Specialist Real Estate 116,540 LSL
Development Coordinator Real Estate 118,800 LSL
Director of Real Estate Real Estate 273,300 LSL
Lease Administrator Real Estate 148,300 LSL
Leasing Agent Real Estate 120,040 LSL
Leasing Consultant Real Estate 151,800 LSL
Leasing Manager Real Estate 159,500 LSL
Lettings Assistant Real Estate 61,180 LSL
Portfolio Analyst Real Estate 197,600 LSL
Portfolio Manager Real Estate 277,400 LSL
Property Acquisition Agent Real Estate 102,960 LSL
Property and Claims Specialist Real Estate 148,300 LSL
Property Manager Real Estate 172,200 LSL
Property Operations Manager Real Estate 254,700 LSL
Property Tax Assistant Real Estate 119,900 LSL
Real Estate Administrator Real Estate 128,500 LSL
Real Estate Agent Real Estate 123,400 LSL
Real Estate Analyst Real Estate 152,000 LSL
Real Estate Appraiser Real Estate 127,700 LSL
Real Estate Appraiser Real Estate 129,000 LSL
Real Estate Assistant Real Estate 114,820 LSL
Real Estate Association Manager Real Estate 168,100 LSL
Real Estate Broker Real Estate 119,500 LSL
Real Estate General Manager Real Estate 249,600 LSL
Real Estate Project Director Real Estate 231,000 LSL
Real Estate Project Manager Real Estate 209,700 LSL
Real Estate Sales Agent Real Estate 128,500 LSL
Real Estate Valuer Real Estate 129,000 LSL
Residential Advisor Real Estate 142,300 LSL
Residential Property Manager Real Estate 175,900 LSL
Shopping Center Manager Real Estate 263,200 LSL
Town Planner Real Estate 258,400 LSL

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