Average Strategy Director Salary in Mongolia for 2024

In this article, we will look at the average Strategy Director salary for 2024 in Mongolia 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 Mongolian tögrög. To keep things simple, we are using the MNT currency code instead of the currency symbol ₮.

How Much Does a Strategy Director Make in Mongolia?

A Strategy Director working in Mongolia will typically earn around 39,481,900 MNT per year, and this can range from the lowest average salary of about 21,241,100 MNT to the highest average salary of 59,518,100 MNT.

Average Annual Salary
39,481,900 MNT
Average Monthly Salary
3,290,158 MNT

Lowest Annual Salary
21,241,100 MNT
Lowest Monthly Salary
1,770,091 MNT

Highest Annual Salary
59,518,100 MNT
Highest Monthly Salary
4,959,841 MNT

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

Strategy Director 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 Strategy Director Salaries in Mongolia

So we've looked at the average salaries a Strategy Director will earn in Mongolia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Strategy Director can earn between 21,241,100 MNT and 59,518,100 MNT on average in Mongolia. 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 Strategy Director in Mongolia is 36,240,700 MNT. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 36,240,700 MNT, and 50% of the population earn more than 36,240,700 MNT.

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 Strategy Director salary in Mongolia, 25% of the population are earning less than 25,919,400 MNT while 75% of the population earn more than 25,919,400 MNT.

75% of the population earn less than 44,040,700 MNT, and 25% of the population earn more than 44,040,700 MNT.

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.

Strategy Director Salary by Experience Level in Mongolia

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 strategy director 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 Strategy Director in Mongolia that has less than two years of experience can expect to earn somewhere in the region of 24,718,600 MNT.
  • 2 - 5 Years Experience. With two to five years of experience the average Strategy Director salary would increase to 31,201,500 MNT.
  • 5 - 10 Years Experience. From five to ten years of experience as a Strategy Director, the average salary would be 41,158,900 MNT.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 48,480,700 MNT.
  • 15 - 20 Years Experience. A Strategy Director with 15 to 20 years of experience can earn an average of 53,639,100 MNT.
  • 20+ Years Experience. For a Strategy Director with more than 20 years, the expected average salary increases to 56,998,400 MNT.

Average Salary by Experience Chart

0-2 Years
24,718,600 MNT
2-5 Years +26%
31,201,500 MNT
5-10 Years +32%
41,158,900 MNT
10-15 Years +18%
48,480,700 MNT
15-20 Years +11%
53,639,100 MNT
20+ Years +6%
56,998,400 MNT

Strategy Director Salary by Education Level in Mongolia

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 Strategy Director in Mongolia 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 Strategy Director in Mongolia with a high school education can earn an average salary of 30,119,100 MNT.

  • Certificate or Diploma. A Strategy Director in Mongolia with a certificate or diploma education can earn an average salary of 33,961,700 MNT.

  • Bachelor's Degree. A Strategy Director in Mongolia with a bachelor's degree education can earn an average salary of 44,641,600 MNT.

  • Master's Degree. A Strategy Director in Mongolia with a master's degree education can earn an average salary of 55,318,200 MNT.

Average Salary by Education Chart

High School
30,119,100 MNT
Certificate or Diploma +13%
33,961,700 MNT
Bachelor's Degree +32%
44,641,600 MNT
Master's Degree +24%
55,318,200 MNT

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 Mongolia is around 9,750,000 to 29,300,000 MNT 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.

Strategy Director 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 Mongolia, a male strategy director will earn an average of 40,439,700 MNT, while a female strategy director will earn around 38,158,300 MNT.

This means that a male strategy director earns approximately 6% more than a female strategy director for performing the same job.

Average Salary by Gender Chart in Mongolia

Male
40,439,700 MNT
Female -6%
38,158,300 MNT

Strategy Director Average Pay Raise in Mongolia

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 Strategy Director in Mongolia is around 10% every 29 months.

The national average pay raise across all professions and industries in Mongolia 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 = ( 10 ÷ 29 ) × 12  = 4%

What this means is that a Strategy Director in Mongolia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Mongolia for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Strategy Director Bonus and Incentive Rates in Mongolia

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 Strategy Director is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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 6% to 7%.

Received Bonus
60%
No Bonus
40%

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

Public Sector
25,561,400 MNT
Private Sector -18%
21,719,900 MNT

Salaries for Jobs Similar to a Strategy Director

In the table below, we have salary information for jobs that are similar to a Strategy Director in Mongolia.

Job Title Category Salary
Assistant Business Development Manager Business Planning 31,559,900 MNT
Assistant Merchandise Planner Business Planning 18,598,500 MNT
Business Advisor Business Planning 30,600,900 MNT
Business Analyst Business Planning 28,679,900 MNT
Business Consultant Business Planning 29,041,200 MNT
Business Continuity Associate Business Planning 17,039,100 MNT
Business Developer Business Planning 18,359,600 MNT
Business Development Analyst Business Planning 20,878,800 MNT
Business Development Associate Business Planning 14,639,900 MNT
Business Development Coordinator Business Planning 16,561,800 MNT
Business Development Director Business Planning 42,359,400 MNT
Business Development Engineer Business Planning 22,321,900 MNT
Business Development Executive Business Planning 30,479,000 MNT
Business Development Manager Business Planning 35,279,300 MNT
Business Development Specialist Business Planning 27,601,100 MNT
Business Manager Business Planning 33,360,800 MNT
Business Operations Specialist Business Planning 28,439,500 MNT
Business Process Writer Business Planning 16,561,800 MNT
Business Systems Analyst Business Planning 27,721,300 MNT
Capacity Planner Business Planning 20,639,100 MNT
Capacity Planning Supervisor Business Planning 25,919,400 MNT
Change Communications Analyst Business Planning 27,001,700 MNT
Change Control Analyst Business Planning 26,158,200 MNT
Change Impact Analyst Business Planning 27,601,100 MNT
Contracts Executive Business Planning 27,241,100 MNT
Corporate Strategy Analyst Business Planning 27,960,400 MNT
Cost Control Engineer Business Planning 17,758,500 MNT
Cost Controller Business Planning 21,121,400 MNT
Cost Estimator Business Planning 18,720,200 MNT
Data Executive Business Planning 15,360,400 MNT
Data Manager Business Planning 21,719,900 MNT
Data Processing Manager Business Planning 25,801,200 MNT
Development Researcher Business Planning 21,719,900 MNT
Director of Business Development Business Planning 40,321,500 MNT
Director of Production Planning Business Planning 34,561,900 MNT
Due Diligence Analyst Business Planning 30,841,400 MNT
Estimating Manager Business Planning 31,201,500 MNT
General Manager Business Planning 35,878,200 MNT
Incident Handler Business Planning 20,518,900 MNT
Incident Specialist Business Planning 23,759,100 MNT
Lean Consultant Business Planning 21,961,700 MNT
Manager Business Planning 39,718,900 MNT
Marketing and Business Development Manager Business Planning 33,721,200 MNT
Materials Planner Business Planning 13,199,100 MNT
Merchandise Assistant Business Planning 12,239,700 MNT
Merchandise Controller Business Planning 12,721,300 MNT
Merchandise Planner Business Planning 12,481,200 MNT
Operations Analyst Business Planning 25,801,200 MNT
Operations Manager Business Planning 31,081,900 MNT
Operations Research Analyst Business Planning 16,799,900 MNT
Planning and Reporting Manager Business Planning 32,398,700 MNT
Planning Director Business Planning 38,760,100 MNT
Project Administrator Business Planning 18,958,500 MNT
Project Manager Business Planning 28,919,800 MNT
Project Planner Business Planning 18,479,600 MNT
Research Assistant Business Planning 15,118,700 MNT
Research Engineer Business Planning 18,479,600 MNT
Research Officer Business Planning 14,880,300 MNT
Risk Management Specialist Business Planning 26,280,300 MNT
Scholarship Coordinator Business Planning 13,919,600 MNT
Store Planner Business Planning 14,280,500 MNT
Top Research and Development Executive Business Planning 44,161,600 MNT

Salary Comparison by City

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

City Average Salary
Ulan Bator 41,280,700 MNT

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