Average Residential Property Manager Salary in Botswana for 2024

In this article, we will look at the average Residential Property Manager salary for 2024 in Botswana 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 Botswana pula. To keep things simple, we are using the BWP currency code instead of the currency symbol P.

How Much Does a Residential Property Manager Make in Botswana?

A Residential Property Manager working in Botswana will typically earn around 163,800 BWP per year, and this can range from the lowest average salary of about 82,480 BWP to the highest average salary of 258,400 BWP.

Average Annual Salary
163,800 BWP
Average Monthly Salary
13,650 BWP

Lowest Annual Salary
82,480 BWP
Lowest Monthly Salary
6,873 BWP

Highest Annual Salary
258,400 BWP
Highest Monthly Salary
21,533 BWP

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

Residential Property 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 Residential Property Manager Salaries in Botswana

So we've looked at the average salaries a Residential Property Manager will earn in Botswana. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Residential Property Manager can earn between 82,480 BWP and 258,400 BWP on average in Botswana. 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 Residential Property Manager in Botswana is 167,100 BWP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 167,100 BWP, and 50% of the population earn more than 167,100 BWP.

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 Residential Property Manager salary in Botswana, 25% of the population are earning less than 113,780 BWP while 75% of the population earn more than 113,780 BWP.

75% of the population earn less than 216,800 BWP, and 25% of the population earn more than 216,800 BWP.

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.

Residential Property Manager Salary by Experience Level in Botswana

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 residential property 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 Residential Property Manager in Botswana that has less than two years of experience can expect to earn somewhere in the region of 94,380 BWP.
  • 2 - 5 Years Experience. With two to five years of experience the average Residential Property Manager salary would increase to 125,100 BWP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Residential Property Manager, the average salary would be 172,200 BWP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 209,500 BWP.
  • 15 - 20 Years Experience. A Residential Property Manager with 15 to 20 years of experience can earn an average of 225,300 BWP.
  • 20+ Years Experience. For a Residential Property Manager with more than 20 years, the expected average salary increases to 239,300 BWP.

Average Salary by Experience Chart

0-2 Years
94,380 BWP
2-5 Years +29%
125,100 BWP
5-10 Years +38%
172,200 BWP
10-15 Years +24%
209,500 BWP
15-20 Years +7%
225,300 BWP
20+ Years +7%
239,300 BWP

Residential Property Manager Salary by Education Level in Botswana

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 Residential Property Manager in Botswana 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 Residential Property Manager in Botswana with a high school education can earn an average salary of 120,040 BWP.

  • Certificate or Diploma. A Residential Property Manager in Botswana with a certificate or diploma education can earn an average salary of 137,400 BWP.

  • Bachelor's Degree. A Residential Property Manager in Botswana with a bachelor's degree education can earn an average salary of 185,100 BWP.

  • Master's Degree. A Residential Property Manager in Botswana with a master's degree education can earn an average salary of 232,400 BWP.

Average Salary by Education Chart

High School
120,040 BWP
Certificate or Diploma +15%
137,400 BWP
Bachelor's Degree +35%
185,100 BWP
Master's Degree +26%
232,400 BWP

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 Botswana is around 58,700 to 176,000 BWP 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.

Residential Property 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 Botswana, a male residential property manager will earn an average of 172,200 BWP, while a female residential property manager will earn around 154,700 BWP.

This means that a male residential property manager earns approximately 11% more than a female residential property manager for performing the same job.

Average Salary by Gender Chart in Botswana

Male
172,200 BWP
Female -11%
154,700 BWP

Residential Property Manager Average Pay Raise in Botswana

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 Residential Property Manager in Botswana is around 8% every 29 months.

The national average pay raise across all professions and industries in Botswana 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Residential Property Manager in Botswana can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Botswana for 2024

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

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%

Residential Property Manager Bonus and Incentive Rates in Botswana

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 Residential Property Manager is a low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.

61% 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 6%.

Received Bonus
39%
No Bonus
61%

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 Botswana earn approximately 14% more than private sector employees in the same role.

Public Sector
148,300 BWP
Private Sector -14%
130,400 BWP

Salaries for Jobs Similar to a Residential Property Manager

In the table below, we have salary information for jobs that are similar to a Residential Property Manager in Botswana.

Job Title Category Salary
Acquisition Associate Real Estate 112,420 BWP
Assistant Leasing Manager Real Estate 154,700 BWP
Assistant Property Manager Real Estate 161,600 BWP
Brokerage Real Estate 111,240 BWP
Brokerage Clerk Real Estate 61,620 BWP
Commercial Leasing Manager Real Estate 238,900 BWP
Commercial Real Estate Manager Real Estate 261,300 BWP
Community Development Manager Real Estate 233,600 BWP
Compliance Specialist Real Estate 110,340 BWP
Development Coordinator Real Estate 116,540 BWP
Director of Real Estate Real Estate 275,500 BWP
Lease Administrator Real Estate 142,300 BWP
Leasing Agent Real Estate 119,900 BWP
Leasing Consultant Real Estate 148,300 BWP
Leasing Manager Real Estate 159,400 BWP
Lettings Assistant Real Estate 57,860 BWP
Portfolio Analyst Real Estate 196,800 BWP
Portfolio Manager Real Estate 273,000 BWP
Property Acquisition Agent Real Estate 105,940 BWP
Property and Claims Specialist Real Estate 151,800 BWP
Property Manager Real Estate 172,200 BWP
Property Operations Manager Real Estate 257,700 BWP
Property Tax Assistant Real Estate 113,840 BWP
Real Estate Administrator Real Estate 125,700 BWP
Real Estate Agent Real Estate 123,400 BWP
Real Estate Analyst Real Estate 158,700 BWP
Real Estate Appraiser Real Estate 128,500 BWP
Real Estate Appraiser Real Estate 129,000 BWP
Real Estate Appraiser Real Estate 130,400 BWP
Real Estate Assistant Real Estate 118,800 BWP
Real Estate Association Manager Real Estate 158,700 BWP
Real Estate Broker Real Estate 116,780 BWP
Real Estate General Manager Real Estate 239,000 BWP
Real Estate Project Director Real Estate 233,900 BWP
Real Estate Project Manager Real Estate 209,700 BWP
Real Estate Sales Agent Real Estate 123,400 BWP
Real Estate Valuer Real Estate 136,100 BWP
Research Analyst Real Estate 111,860 BWP
Residential Advisor Real Estate 146,200 BWP
Shopping Center Manager Real Estate 249,600 BWP
Town Planner Real Estate 245,300 BWP

Salary Comparison by City

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

City Average Salary
Gaborone 195,200 BWP

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Residential Property Manager Salary in Botswana for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-residential-property-manager-salary-in-botswana/.

  • "Average Residential Property Manager Salary in Botswana for 2024". World Salaries, https://worldsalaries.com/average-residential-property-manager-salary-in-botswana/. Accessed 28 March, 2024

  • Average Residential Property Manager Salary in Botswana for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-residential-property-manager-salary-in-botswana/.