Average Sales Account Manager Salary in Malawi for 2024

In this article, we will look at the average Sales Account Manager salary for 2024 in Malawi 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 Malawian kwacha. To keep things simple, we are using the MWK currency code instead of the currency symbol MK.

How Much Does a Sales Account Manager Make in Malawi?

A Sales Account Manager working in Malawi will typically earn around 2,688,800 MWK per year, and this can range from the lowest average salary of about 1,320,500 MWK to the highest average salary of 4,201,000 MWK.

Average Annual Salary
2,688,800 MWK
Average Monthly Salary
224,066 MWK

Lowest Annual Salary
1,320,500 MWK
Lowest Monthly Salary
110,041 MWK

Highest Annual Salary
4,201,000 MWK
Highest Monthly Salary
350,083 MWK

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

Sales Account 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 Sales Account Manager Salaries in Malawi

So we've looked at the average salaries a Sales Account Manager will earn in Malawi. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Sales Account Manager can earn between 1,320,500 MWK and 4,201,000 MWK on average in Malawi. 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 Sales Account Manager in Malawi is 2,748,900 MWK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,748,900 MWK, and 50% of the population earn more than 2,748,900 MWK.

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 Sales Account Manager salary in Malawi, 25% of the population are earning less than 1,835,700 MWK while 75% of the population earn more than 1,835,700 MWK.

75% of the population earn less than 3,539,100 MWK, and 25% of the population earn more than 3,539,100 MWK.

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.

Sales Account Manager Salary by Experience Level in Malawi

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 sales account 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 Sales Account Manager in Malawi that has less than two years of experience can expect to earn somewhere in the region of 1,560,800 MWK.
  • 2 - 5 Years Experience. With two to five years of experience the average Sales Account Manager salary would increase to 2,015,600 MWK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Sales Account Manager, the average salary would be 2,773,700 MWK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,444,200 MWK.
  • 15 - 20 Years Experience. A Sales Account Manager with 15 to 20 years of experience can earn an average of 3,685,200 MWK.
  • 20+ Years Experience. For a Sales Account Manager with more than 20 years, the expected average salary increases to 3,925,200 MWK.

Average Salary by Experience Chart

0-2 Years
1,560,800 MWK
2-5 Years +29%
2,015,600 MWK
5-10 Years +38%
2,773,700 MWK
10-15 Years +24%
3,444,200 MWK
15-20 Years +7%
3,685,200 MWK
20+ Years +7%
3,925,200 MWK

Sales Account Manager Salary by Education Level in Malawi

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 Sales Account Manager in Malawi 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 Sales Account Manager in Malawi with a high school education can earn an average salary of 1,955,300 MWK.

  • Certificate or Diploma. A Sales Account Manager in Malawi with a certificate or diploma education can earn an average salary of 2,242,500 MWK.

  • Bachelor's Degree. A Sales Account Manager in Malawi with a bachelor's degree education can earn an average salary of 3,023,200 MWK.

  • Master's Degree. A Sales Account Manager in Malawi with a master's degree education can earn an average salary of 3,805,100 MWK.

Average Salary by Education Chart

High School
1,955,300 MWK
Certificate or Diploma +15%
2,242,500 MWK
Bachelor's Degree +35%
3,023,200 MWK
Master's Degree +26%
3,805,100 MWK

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 Malawi is around 822,000 to 2,470,000 MWK 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.

Sales Account 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 Malawi, a male sales account manager will earn an average of 2,807,200 MWK, while a female sales account manager will earn around 2,508,300 MWK.

This means that a male sales account manager earns approximately 12% more than a female sales account manager for performing the same job.

Average Salary by Gender Chart in Malawi

Male
2,807,200 MWK
Female -12%
2,508,300 MWK

Sales Account Manager Average Pay Raise in Malawi

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 Sales Account Manager in Malawi is around 8% every 29 months.

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

Annual Pay Raise by Industry in Malawi for 2024

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

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%

Sales Account Manager Bonus and Incentive Rates in Malawi

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 Sales Account Manager is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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
64%
No Bonus
36%

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

Public Sector
2,136,200 MWK
Private Sector -14%
1,870,400 MWK

Salaries for Jobs Similar to a Sales Account Manager

In the table below, we have salary information for jobs that are similar to a Sales Account Manager in Malawi.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 2,327,100 MWK
Account Officer Sales Retail and Wholesale 1,187,900 MWK
Area Manager Sales Retail and Wholesale 2,374,400 MWK
Area Sales Director Sales Retail and Wholesale 3,863,700 MWK
Area Sales Manager Sales Retail and Wholesale 3,395,900 MWK
Assisstant Store Supervisor Sales Retail and Wholesale 1,417,600 MWK
Assistant Department Manager Sales Retail and Wholesale 1,632,100 MWK
Assistant Retail Store Manager Sales Retail and Wholesale 1,811,000 MWK
Branch Manager Sales Retail and Wholesale 2,557,100 MWK
Branch Supervisor Sales Retail and Wholesale 2,026,800 MWK
Cashier Sales Retail and Wholesale 714,600 MWK
Cashier Manager Sales Retail and Wholesale 1,741,800 MWK
Commercial Sales Manager Sales Retail and Wholesale 3,192,300 MWK
Corporate Sales Manager Sales Retail and Wholesale 2,941,000 MWK
Depot Manager Sales Retail and Wholesale 2,281,800 MWK
Depot Supervisor Sales Retail and Wholesale 2,161,200 MWK
Deputy Sales Manager Sales Retail and Wholesale 2,327,100 MWK
Director of Sales Sales Retail and Wholesale 4,079,300 MWK
Distribution Director Sales Retail and Wholesale 2,748,900 MWK
District Leader Sales Retail and Wholesale 1,955,300 MWK
District Manager Sales Retail and Wholesale 2,423,000 MWK
District Sales Manager Sales Retail and Wholesale 2,485,800 MWK
External Sales Account Manager Sales Retail and Wholesale 2,352,500 MWK
Field Sales Representative Sales Retail and Wholesale 1,570,900 MWK
Furniture Sales Associate Sales Retail and Wholesale 1,106,000 MWK
Global Wholesale Manager Sales Retail and Wholesale 4,249,700 MWK
Head Cashier Sales Retail and Wholesale 1,621,400 MWK
Head of Direct Sales Sales Retail and Wholesale 2,878,300 MWK
Head of Retail Sales Retail and Wholesale 3,071,100 MWK
Head Teller Sales Retail and Wholesale 1,510,400 MWK
Inside Sales Sales Retail and Wholesale 1,249,900 MWK
Inside Sales Account Manager Sales Retail and Wholesale 2,026,800 MWK
Inside Sales Engineer Sales Retail and Wholesale 1,500,800 MWK
Inside Sales Executive Sales Retail and Wholesale 2,065,400 MWK
Inside Sales Representative Sales Retail and Wholesale 1,306,100 MWK
Internal Sales Manager Sales Retail and Wholesale 2,254,400 MWK
Inventory Manager Sales Retail and Wholesale 2,207,600 MWK
Key Account Manager Sales Retail and Wholesale 2,423,000 MWK
Medical Device Sales Sales Retail and Wholesale 1,896,700 MWK
Medical Device Sales Representative Sales Retail and Wholesale 1,765,300 MWK
Merchandiser Sales Retail and Wholesale 1,537,500 MWK
National Account Manager Sales Retail and Wholesale 3,061,300 MWK
National Customer Solution Specialist Sales Retail and Wholesale 2,711,900 MWK
National Sales Manager Sales Retail and Wholesale 4,187,600 MWK
Outside Sales Representative Sales Retail and Wholesale 1,583,700 MWK
Parts Salesperson Sales Retail and Wholesale 1,320,500 MWK
Project Development Manager Sales Retail and Wholesale 2,460,900 MWK
Project Manager Sales Retail and Wholesale 2,471,700 MWK
Project Sales Executive Sales Retail and Wholesale 2,641,300 MWK
Purchasing and Sales Executive Sales Retail and Wholesale 3,635,200 MWK
Quotation Engineer Sales Retail and Wholesale 1,333,900 MWK
Regional Sales Director Sales Retail and Wholesale 4,019,900 MWK
Regional Sales Manager Sales Retail and Wholesale 4,093,700 MWK
Relationship Manager Sales Retail and Wholesale 2,893,600 MWK
Retail Merchandiser Sales Retail and Wholesale 934,900 MWK
Retail Operations Manager Sales Retail and Wholesale 2,401,300 MWK
Retail Sales Associate Sales Retail and Wholesale 1,800,200 MWK
Retail Sales Representative Sales Retail and Wholesale 1,500,800 MWK
Retail Salesperson Sales Retail and Wholesale 1,357,900 MWK
Retail Store Manager Sales Retail and Wholesale 2,471,700 MWK
Retail Store Sales Person Sales Retail and Wholesale 1,306,100 MWK
Revenue Manager Sales Retail and Wholesale 2,254,400 MWK
Sales Admin Executive Sales Retail and Wholesale 3,192,300 MWK
Sales Administration Manager Sales Retail and Wholesale 2,878,300 MWK
Sales Analyst Sales Retail and Wholesale 2,314,800 MWK
Sales Assistant Sales Retail and Wholesale 995,200 MWK
Sales Associate Sales Retail and Wholesale 1,235,600 MWK
Sales Consultant Sales Retail and Wholesale 1,800,200 MWK
Sales Coordinator Sales Retail and Wholesale 1,428,800 MWK
Sales Development Representative Sales Retail and Wholesale 1,632,100 MWK
Sales Director Sales Retail and Wholesale 3,970,700 MWK
Sales Engineer Sales Retail and Wholesale 1,405,700 MWK
Sales Executive Sales Retail and Wholesale 2,447,200 MWK
Sales Manager Sales Retail and Wholesale 3,432,600 MWK
Sales Officer Sales Retail and Wholesale 1,369,700 MWK
Sales Planner Sales Retail and Wholesale 2,173,000 MWK
Sales Planning Analyst Sales Retail and Wholesale 2,110,600 MWK
Sales Representative Sales Retail and Wholesale 1,333,900 MWK
Sales Service Associate Sales Retail and Wholesale 1,273,300 MWK
Sales Specialist Sales Retail and Wholesale 1,980,600 MWK
Sales Supervisor Sales Retail and Wholesale 2,076,600 MWK
Sales Support Sales Retail and Wholesale 964,000 MWK
Sales Support Manager Sales Retail and Wholesale 2,026,800 MWK
Sales Team Leader Sales Retail and Wholesale 2,146,100 MWK
Sales Trainer Sales Retail and Wholesale 2,389,200 MWK
Securities Sales Agent Sales Retail and Wholesale 2,304,300 MWK
Shipper / Receiver Sales Retail and Wholesale 1,007,400 MWK
Shop Manager Sales Retail and Wholesale 2,197,700 MWK
Store Development Administrator Sales Retail and Wholesale 1,570,900 MWK
Store Manager Sales Retail and Wholesale 2,508,300 MWK
Territory Sales Manager Sales Retail and Wholesale 3,312,100 MWK
Territory Sales Representative Sales Retail and Wholesale 1,908,800 MWK
Trade Marketing Officer Sales Retail and Wholesale 2,197,700 MWK
Treasury Officer Sales Retail and Wholesale 2,110,600 MWK
Vice President Sales Sales Retail and Wholesale 3,288,400 MWK
Visual Merchandiser Sales Retail and Wholesale 1,159,000 MWK

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