Average Research Executive Salary in Liberia for 2024

In this article, we will look at the average Research Executive salary for 2024 in Liberia 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 Liberian dollar. To keep things simple, we are using the LRD currency code instead of the currency symbol $.

How Much Does a Research Executive Make in Liberia?

A Research Executive working in Liberia will typically earn around 1,144,400 LRD per year, and this can range from the lowest average salary of about 606,400 LRD to the highest average salary of 1,741,800 LRD.

Average Annual Salary
1,144,400 LRD
Average Monthly Salary
95,366 LRD

Lowest Annual Salary
606,400 LRD
Lowest Monthly Salary
50,533 LRD

Highest Annual Salary
1,741,800 LRD
Highest Monthly Salary
145,150 LRD

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

Research Executive 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 Executive Salaries in Liberia

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

Salary ranges

We already know that a Research Executive can earn between 606,400 LRD and 1,741,800 LRD on average in Liberia. 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 Executive in Liberia is 1,077,700 LRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,077,700 LRD, and 50% of the population earn more than 1,077,700 LRD.

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 Executive salary in Liberia, 25% of the population are earning less than 756,700 LRD while 75% of the population earn more than 756,700 LRD.

75% of the population earn less than 1,320,500 LRD, and 25% of the population earn more than 1,320,500 LRD.

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 Executive Salary by Experience Level in Liberia

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 executive 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 Executive in Liberia that has less than two years of experience can expect to earn somewhere in the region of 699,700 LRD.
  • 2 - 5 Years Experience. With two to five years of experience the average Research Executive salary would increase to 858,100 LRD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Research Executive, the average salary would be 1,212,800 LRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,417,600 LRD.
  • 15 - 20 Years Experience. A Research Executive with 15 to 20 years of experience can earn an average of 1,560,800 LRD.
  • 20+ Years Experience. For a Research Executive with more than 20 years, the expected average salary increases to 1,655,500 LRD.

Average Salary by Experience Chart

0-2 Years
699,700 LRD
2-5 Years +23%
858,100 LRD
5-10 Years +42%
1,212,800 LRD
10-15 Years +17%
1,417,600 LRD
15-20 Years +10%
1,560,800 LRD
20+ Years +6%
1,655,500 LRD

Research Executive Salary by Education Level in Liberia

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 Executive in Liberia 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 Executive in Liberia with a high school education can earn an average salary of 846,500 LRD.

  • Certificate or Diploma. A Research Executive in Liberia with a certificate or diploma education can earn an average salary of 958,700 LRD.

  • Bachelor's Degree. A Research Executive in Liberia with a bachelor's degree education can earn an average salary of 1,259,300 LRD.

  • Master's Degree. A Research Executive in Liberia with a master's degree education can earn an average salary of 1,655,500 LRD.

Average Salary by Education Chart

High School
846,500 LRD
Certificate or Diploma +13%
958,700 LRD
Bachelor's Degree +31%
1,259,300 LRD
Master's Degree +32%
1,655,500 LRD

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 Liberia is around 359,000 to 1,080,000 LRD 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 Executive 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 Liberia, a male research executive will earn an average of 1,212,800 LRD, while a female research executive will earn around 1,043,700 LRD.

This means that a male research executive earns approximately 16% more than a female research executive for performing the same job.

Average Salary by Gender Chart in Liberia

Male
1,212,800 LRD
Female -16%
1,043,700 LRD

Research Executive Average Pay Raise in Liberia

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 Executive in Liberia is around 8% every 29 months.

The national average pay raise across all professions and industries in Liberia 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 ÷ 29 ) × 12  = 3%

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

Annual Pay Raise by Industry in Liberia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Research Executive Bonus and Incentive Rates in Liberia

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 Executive 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 Liberia earn approximately 21% more than private sector employees in the same role.

Public Sector
948,900 LRD
Private Sector -21%
782,500 LRD

Salaries for Jobs Similar to a Research Executive

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

Job Title Category Salary
Account Handler Marketing 745,000 LRD
Affiliate Manager Marketing 965,800 LRD
Analytics Specialist Marketing 706,200 LRD
Assistant Brand Manager Marketing 1,043,600 LRD
Assistant Product Manager Marketing 1,054,900 LRD
Associate Marketing Manager Marketing 1,102,100 LRD
Associate Product Manager Marketing 1,109,200 LRD
Brand Ambassador Marketing 1,320,500 LRD
Brand Director Marketing 1,621,400 LRD
Brand Executive Marketing 1,450,700 LRD
Brand Manager Marketing 1,464,200 LRD
Business Analytics Specialist Marketing 674,100 LRD
Business Channel Manager Marketing 991,100 LRD
Business Intelligence Team Leader Marketing 1,032,400 LRD
Campaign Specialist Marketing 926,000 LRD
Chief Marketing Officer Marketing 1,632,100 LRD
Chief Product Officer Marketing 1,380,400 LRD
Communications Officer Marketing 475,700 LRD
Content Manager Marketing 851,200 LRD
Content Marketing Strategist Marketing 991,000 LRD
Copy Editer Marketing 565,100 LRD
Copy Writer Marketing 581,300 LRD
Creative Marketing Lead Marketing 996,600 LRD
Creative Writer Marketing 571,300 LRD
Digital Marketer Marketing 832,100 LRD
Digital Marketing Manager Marketing 1,212,800 LRD
Digital Marketing Strategist Marketing 1,235,600 LRD
Digital Media Specialist Marketing 1,007,400 LRD
Director of Marketing Marketing 1,560,800 LRD
Director of Research Marketing 1,134,800 LRD
eMarketing Manager Marketing 1,224,800 LRD
Event Marketing Marketing 1,172,800 LRD
Head of Executive Search Marketing 1,405,700 LRD
Key Affiliate Manager Marketing 1,141,000 LRD
Localization Manager Marketing 1,023,000 LRD
Market Development Executive Marketing 1,224,800 LRD
Market Development Manager Marketing 1,273,300 LRD
Market Research Analyst Marketing 1,062,500 LRD
Market Research Manager Marketing 1,067,300 LRD
Market Segmentation Director Marketing 1,212,800 LRD
Marketing Account Supervisor Marketing 939,000 LRD
Marketing Administrator Marketing 778,500 LRD
Marketing Advisor Marketing 904,700 LRD
Marketing Analyst Marketing 917,700 LRD
Marketing and Communications Officer Marketing 576,500 LRD
Marketing and Sales Head Marketing 1,524,300 LRD
Marketing Assistant Marketing 516,100 LRD
Marketing Associate Marketing 485,300 LRD
Marketing Communications Manager Marketing 1,069,900 LRD
Marketing Consultant Marketing 1,130,200 LRD
Marketing Coordinator Marketing 491,000 LRD
Marketing Director Marketing 1,570,900 LRD
Marketing Distribution Executive Marketing 1,273,300 LRD
Marketing Executive Marketing 1,283,600 LRD
Marketing Manager Marketing 1,621,400 LRD
Marketing Officer Marketing 544,800 LRD
Marketing Segment Manager Marketing 1,184,200 LRD
Marketing Specialist Marketing 798,900 LRD
Marketing Supervisor Marketing 903,500 LRD
Marketing Vice President Marketing 1,235,600 LRD
Marketing Writer Marketing 602,700 LRD
Online Marketing Analyst Marketing 884,700 LRD
Online Marketing Manager Marketing 1,015,500 LRD
Optimization Manager Marketing 995,000 LRD
Outbound Sales Marketing 694,700 LRD
Outreach Coordinator Marketing 691,200 LRD
Outreach Specialist Marketing 829,000 LRD
Product Development Marketing 1,059,800 LRD
Product Manager Marketing 1,212,800 LRD
Product Marketing Engineer Marketing 687,100 LRD
Product Marketing Executive Marketing 1,198,300 LRD
Product Marketing Manager Marketing 1,168,300 LRD
Product Researcher Marketing 607,400 LRD
Product Strategist Marketing 938,100 LRD
Product Strategy Researcher Marketing 899,900 LRD
Product Training Specialist Marketing 799,300 LRD
Project Manager Marketing 946,800 LRD
Publications Coordinator Marketing 563,000 LRD
Sales and Marketing Assistant Marketing 496,100 LRD
Sales and Marketing Coordinator Marketing 518,900 LRD
Sales and Marketing Director Marketing 1,621,400 LRD
Sales Director Marketing 1,500,800 LRD
Sales Management Support Marketing 558,300 LRD
Sales Manager Marketing 1,500,800 LRD
Search Marketing Strategist Marketing 1,333,900 LRD
Social Media Administrator Marketing 870,700 LRD
Social Media Specialist Marketing 836,800 LRD
Spaceman Analyst Marketing 467,700 LRD
Sponsorship Consultant Marketing 825,900 LRD
Team Leader Marketing 889,400 LRD
Telemarketer Marketing 459,700 LRD
Trade Marketing Executive Marketing 1,172,800 LRD
Trade Marketing Manager Marketing 1,130,800 LRD
Trade Marketing Professional Marketing 986,700 LRD
Trade Marketing Specialist Marketing 693,100 LRD
Web Analytics Manager Marketing 960,900 LRD
Web Content Manager Marketing 970,200 LRD

Salary Comparison by City

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

City Average Salary
Monrovia 1,148,200 LRD

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