Average Risk and Capital Manager Salary in Armenia for 2024

In this article, we will look at the average Risk and Capital Manager salary for 2024 in Armenia 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 Armenian dram. To keep things simple, we are using the AMD currency code instead of the currency symbol ึ.

How Much Does a Risk and Capital Manager Make in Armenia?

A Risk and Capital Manager working in Armenia will typically earn around 16,561,800 AMD per year, and this can range from the lowest average salary of about 7,930,200 AMD to the highest average salary of 25,919,400 AMD.

Average Annual Salary
16,561,800 AMD
Average Monthly Salary
1,380,150 AMD

Lowest Annual Salary
7,930,200 AMD
Lowest Monthly Salary
660,850 AMD

Highest Annual Salary
25,919,400 AMD
Highest Monthly Salary
2,159,950 AMD

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

Risk and Capital 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 Risk and Capital Manager Salaries in Armenia

So we've looked at the average salaries a Risk and Capital Manager will earn in Armenia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk and Capital Manager can earn between 7,930,200 AMD and 25,919,400 AMD on average in Armenia. 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 Risk and Capital Manager in Armenia is 17,159,700 AMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 17,159,700 AMD, and 50% of the population earn more than 17,159,700 AMD.

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 Risk and Capital Manager salary in Armenia, 25% of the population are earning less than 11,290,900 AMD while 75% of the population earn more than 11,290,900 AMD.

75% of the population earn less than 22,441,700 AMD, and 25% of the population earn more than 22,441,700 AMD.

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.

Risk and Capital Manager Salary by Experience Level in Armenia

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 risk and capital 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 Risk and Capital Manager in Armenia that has less than two years of experience can expect to earn somewhere in the region of 9,276,800 AMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk and Capital Manager salary would increase to 13,199,100 AMD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk and Capital Manager, the average salary would be 17,278,100 AMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 21,241,100 AMD.
  • 15 - 20 Years Experience. A Risk and Capital Manager with 15 to 20 years of experience can earn an average of 22,558,900 AMD.
  • 20+ Years Experience. For a Risk and Capital Manager with more than 20 years, the expected average salary increases to 24,718,600 AMD.

Average Salary by Experience Chart

0-2 Years
9,276,800 AMD
2-5 Years +42%
13,199,100 AMD
5-10 Years +31%
17,278,100 AMD
10-15 Years +23%
21,241,100 AMD
15-20 Years +6%
22,558,900 AMD
20+ Years +10%
24,718,600 AMD

Risk and Capital Manager Salary by Education Level in Armenia

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 Risk and Capital Manager in Armenia 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 Risk and Capital Manager in Armenia with a high school education can earn an average salary of 11,531,500 AMD.

  • Certificate or Diploma. A Risk and Capital Manager in Armenia with a certificate or diploma education can earn an average salary of 13,319,300 AMD.

  • Bachelor's Degree. A Risk and Capital Manager in Armenia with a bachelor's degree education can earn an average salary of 19,439,300 AMD.

  • Master's Degree. A Risk and Capital Manager in Armenia with a master's degree education can earn an average salary of 24,000,900 AMD.

Average Salary by Education Chart

High School
11,531,500 AMD
Certificate or Diploma +16%
13,319,300 AMD
Bachelor's Degree +46%
19,439,300 AMD
Master's Degree +23%
24,000,900 AMD

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 Armenia is around 3,880,000 to 11,600,000 AMD 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.

Risk and Capital 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 Armenia, a male risk and capital manager will earn an average of 17,278,100 AMD, while a female risk and capital manager will earn around 16,079,800 AMD.

This means that a male risk and capital manager earns approximately 7% more than a female risk and capital manager for performing the same job.

Average Salary by Gender Chart in Armenia

Male
17,278,100 AMD
Female -7%
16,079,800 AMD

Risk and Capital Manager Average Pay Raise in Armenia

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 Risk and Capital Manager in Armenia is around 9% every 28 months.

The national average pay raise across all professions and industries in Armenia 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Risk and Capital Manager in Armenia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Armenia for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Risk and Capital Manager Bonus and Incentive Rates in Armenia

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 Risk and Capital Manager is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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
66%
No Bonus
34%

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 Armenia earn approximately 18% more than private sector employees in the same role.

Public Sector
9,863,700 AMD
Private Sector -18%
8,377,500 AMD

Salaries for Jobs Similar to a Risk and Capital Manager

In the table below, we have salary information for jobs that are similar to a Risk and Capital Manager in Armenia.

Job Title Category Salary
Account Coordinator Executive and Management 9,262,300 AMD
Account Director Executive and Management 10,704,700 AMD
Account Executive Executive and Management 10,894,900 AMD
Account Manager Executive and Management 10,691,100 AMD
Administration Manager Executive and Management 10,297,600 AMD
Administration Officer Executive and Management 5,555,200 AMD
Administration Supervisor Executive and Management 8,771,100 AMD
Administrative Clerk Executive and Management 4,140,900 AMD
Administrative Officer Executive and Management 4,260,400 AMD
Area Director Executive and Management 10,018,700 AMD
Area Manager Executive and Management 10,237,100 AMD
Asset Protection Associate Executive and Management 11,580,300 AMD
Assistant Director Executive and Management 11,099,800 AMD
Assistant General Manager Executive and Management 11,998,600 AMD
Assistant Manager Executive and Management 12,121,000 AMD
Assistant Managing Director Executive and Management 12,721,300 AMD
Assistant Operations Manager Executive and Management 12,841,200 AMD
Assistant Project Manager Executive and Management 11,411,600 AMD
Assistant Section Head Executive and Management 9,684,600 AMD
Assistant to CEO Executive and Management 10,716,600 AMD
Assistant Vice President Executive and Management 11,986,500 AMD
Associate Account Director Executive and Management 11,399,200 AMD
Associate Director Executive and Management 11,833,900 AMD
Bid Manager Executive and Management 12,721,300 AMD
Branch Manager Executive and Management 12,841,200 AMD
Business Development Manager Executive and Management 14,280,500 AMD
Business Operations Associate Executive and Management 10,775,000 AMD
Business Operations Lead Executive and Management 11,245,700 AMD
Campaign Manager Executive and Management 12,481,200 AMD
Catering Coordinator Executive and Management 6,840,100 AMD
Catering Manager Executive and Management 11,005,300 AMD
CEO Executive and Management 22,558,900 AMD
Chairman of The Board Executive and Management 21,719,900 AMD
Chairman Office Manager Executive and Management 14,400,800 AMD
Chief Commercial Officer Executive and Management 15,960,700 AMD
Chief Corporate Officer Executive and Management 18,121,700 AMD
Chief Executive Officer Executive and Management 22,681,800 AMD
Chief Financial Officer Executive and Management 19,200,400 AMD
Chief Investment Officer Executive and Management 15,238,200 AMD
Chief of Staff Executive and Management 9,673,100 AMD
Chief Operating Officer Executive and Management 15,599,800 AMD
Chief Risk Officer Executive and Management 13,919,600 AMD
Client Account Manager Executive and Management 12,721,300 AMD
Client Accounts Officer Executive and Management 10,882,800 AMD
Client Services Manager Executive and Management 14,400,800 AMD
Commercial Director Executive and Management 15,238,200 AMD
Commercial Manager Executive and Management 12,600,600 AMD
Commercial Project Manager Executive and Management 11,833,900 AMD
Commodity Broker Executive and Management 8,856,100 AMD
COO Executive and Management 15,480,300 AMD
Corporate Affairs Executive Executive and Management 12,721,300 AMD
Corporate Compliance Director Executive and Management 13,679,300 AMD
Corporate Director Executive and Management 14,519,400 AMD
Corporate Officer Executive and Management 9,899,400 AMD
Corporate Partnerships Officer Executive and Management 10,440,100 AMD
Country Manager Executive and Management 17,399,400 AMD
Department Head Executive and Management 13,561,900 AMD
Department Manager Executive and Management 13,679,300 AMD
Department Supervisor Executive and Management 11,953,700 AMD
Deputy Director Executive and Management 15,118,700 AMD
Deputy Manager Executive and Management 15,719,900 AMD
Director Executive and Management 16,439,200 AMD
Director of Accreditation Executive and Management 14,280,500 AMD
Director of Catering Services Executive and Management 13,079,500 AMD
Director of Client Services Executive and Management 13,679,300 AMD
Director of Facilities Management Executive and Management 12,121,000 AMD
Director of Operations Executive and Management 13,679,300 AMD
Director of Process Simplification Executive and Management 11,399,200 AMD
Director of Product Management Executive and Management 13,798,900 AMD
Director of Project Management Executive and Management 14,519,400 AMD
Director of Revenue Management Executive and Management 13,798,900 AMD
Director of Training and Development Executive and Management 14,519,400 AMD
Distribution Manager Executive and Management 14,158,800 AMD
Division Manager Executive and Management 11,998,600 AMD
Duty Manager Executive and Management 12,481,200 AMD
Engagement Manager Executive and Management 15,118,700 AMD
Executive Director Executive and Management 20,639,100 AMD
Executive Manager Executive and Management 18,359,600 AMD
Franchise Manager Executive and Management 17,640,500 AMD
General Manager Executive and Management 16,439,200 AMD
Global Master Data Manager Executive and Management 15,719,900 AMD
Global Technical Lead Executive and Management 9,769,700 AMD
Head of Investment Executive and Management 13,679,300 AMD
Head of Middle Office Executive and Management 13,679,300 AMD
Head of Projects Executive and Management 13,919,600 AMD
Head of Strategy Executive and Management 15,960,700 AMD
Head of Supply Chain Executive and Management 13,199,100 AMD
Head of Sustainability Executive and Management 12,239,700 AMD
Housing Manager Executive and Management 11,365,600 AMD
HSE Manager Executive and Management 11,688,600 AMD
Key Account Manager Executive and Management 12,481,200 AMD
Knowledge Manager Executive and Management 13,199,100 AMD
Location Manager Executive and Management 13,319,300 AMD
Logistics Executive Executive and Management 11,557,500 AMD
Logistics Manager Executive and Management 11,255,300 AMD
Management Consultant Executive and Management 11,303,900 AMD
Management Executive Executive and Management 15,599,800 AMD
Manager Executive and Management 14,400,800 AMD
Managing Director Executive and Management 17,278,100 AMD
MIS Executive Executive and Management 13,798,900 AMD
Ocean Services Manager Executive and Management 15,480,300 AMD
Operational Manager Executive and Management 15,238,200 AMD
Operations Analyst Executive and Management 12,958,200 AMD
Operations Assistant Executive and Management 9,961,400 AMD
Operations Director Executive and Management 16,679,800 AMD
Operations Executive Executive and Management 15,001,200 AMD
Operations Manager Executive and Management 16,198,300 AMD
Operations Supervisor Executive and Management 13,561,900 AMD
Planning Director Executive and Management 15,480,300 AMD
PMO Manager Executive and Management 13,561,900 AMD
Policy Administration Executive Executive and Management 12,721,300 AMD
Private Sector Executive Executive and Management 12,958,200 AMD
Product Development Manager Executive and Management 13,919,600 AMD
Product Executive Executive and Management 12,958,200 AMD
Production Executive Executive and Management 14,880,300 AMD
Production Manager Executive and Management 14,880,300 AMD
Production Supervisor Executive and Management 11,664,700 AMD
Program Director Executive and Management 15,599,800 AMD
Program Manager Executive and Management 15,719,900 AMD
Programme Coordinator Executive and Management 10,378,100 AMD
Project Control Manager Executive and Management 15,719,900 AMD
Project Coordinator Executive and Management 8,626,600 AMD
Project Management Officer Executive and Management 10,224,200 AMD
Project Manager Executive and Management 11,184,400 AMD
Project Portfolio Manager Executive and Management 11,664,700 AMD
Quality Manager Executive and Management 12,239,700 AMD
R/D Director Executive and Management 12,361,500 AMD
Regional Director Executive and Management 18,958,500 AMD
Regional Manager Executive and Management 14,519,400 AMD
Relationship Manager Executive and Management 13,798,900 AMD
Retail District Manager Executive and Management 10,499,200 AMD
Revenue Manager Executive and Management 10,907,900 AMD
Risk Officer Executive and Management 11,173,600 AMD
Safety Manager Executive and Management 10,680,800 AMD
Section Head Executive and Management 11,341,600 AMD
Service Manager Executive and Management 11,818,500 AMD
Shift Supervisor Executive and Management 8,626,600 AMD
Solutions Manager Executive and Management 9,744,400 AMD
Supervisor Executive and Management 8,701,100 AMD
Supply Chain Manager Executive and Management 15,838,200 AMD
Surveyor Executive and Management 9,695,200 AMD
Technical Director Executive and Management 13,441,600 AMD
Technical Manager Executive and Management 13,319,300 AMD
Territory Manager Executive and Management 14,639,900 AMD
Validation Manager Executive and Management 12,239,700 AMD
Vice President Executive and Management 17,278,100 AMD
Zone Manager Executive and Management 15,001,200 AMD

Salary Comparison by City

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

City Average Salary
Yerevan 19,921,600 AMD

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