Average Top Research and Development Executive Salary in Seychelles for 2024

In this article, we will look at the average Top Research and Development Executive salary for 2024 in Seychelles 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 Seychellois rupee. To keep things simple, we are using the SCR currency code instead of the currency symbol โ‚จ.

How Much Does a Top Research and Development Executive Make in Seychelles?

A Top Research and Development Executive working in Seychelles will typically earn around 399,900 SCR per year, and this can range from the lowest average salary of about 183,700 SCR to the highest average salary of 637,500 SCR.

Average Annual Salary
399,900 SCR
Average Monthly Salary
33,325 SCR

Lowest Annual Salary
183,700 SCR
Lowest Monthly Salary
15,308 SCR

Highest Annual Salary
637,500 SCR
Highest Monthly Salary
53,125 SCR

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

Top Research and Development 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 Top Research and Development Executive Salaries in Seychelles

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

Salary ranges

We already know that a Top Research and Development Executive can earn between 183,700 SCR and 637,500 SCR on average in Seychelles. 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 Top Research and Development Executive in Seychelles is 430,500 SCR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 430,500 SCR, and 50% of the population earn more than 430,500 SCR.

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 Top Research and Development Executive salary in Seychelles, 25% of the population are earning less than 275,500 SCR while 75% of the population earn more than 275,500 SCR.

75% of the population earn less than 576,500 SCR, and 25% of the population earn more than 576,500 SCR.

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.

Top Research and Development Executive Salary by Experience Level in Seychelles

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 top research and development 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 Top Research and Development Executive in Seychelles that has less than two years of experience can expect to earn somewhere in the region of 208,600 SCR.
  • 2 - 5 Years Experience. With two to five years of experience the average Top Research and Development Executive salary would increase to 279,400 SCR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Top Research and Development Executive, the average salary would be 414,000 SCR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 501,400 SCR.
  • 15 - 20 Years Experience. A Top Research and Development Executive with 15 to 20 years of experience can earn an average of 548,500 SCR.
  • 20+ Years Experience. For a Top Research and Development Executive with more than 20 years, the expected average salary increases to 592,600 SCR.

Average Salary by Experience Chart

0-2 Years
208,600 SCR
2-5 Years +34%
279,400 SCR
5-10 Years +48%
414,000 SCR
10-15 Years +22%
501,400 SCR
15-20 Years +9%
548,500 SCR
20+ Years +8%
592,600 SCR

Top Research and Development Executive Salary by Education Level in Seychelles

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 Top Research and Development Executive in Seychelles based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Top Research and Development Executive in Seychelles with a bachelor's degree education can earn an average salary of 238,900 SCR.

  • Master's Degree. A Top Research and Development Executive in Seychelles with a master's degree education can earn an average salary of 375,200 SCR.

  • PhD. A Top Research and Development Executive in Seychelles with a phd education can earn an average salary of 628,000 SCR.

Average Salary by Education Chart

Bachelor's Degree
238,900 SCR
Master's Degree +57%
375,200 SCR
PhD +68%
628,000 SCR

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 Seychelles is around 98,200 to 295,000 SCR 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.

Top Research and Development 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 Seychelles, a male top research and development executive will earn an average of 433,800 SCR, while a female top research and development executive will earn around 363,000 SCR.

This means that a male top research and development executive earns approximately 20% more than a female top research and development executive for performing the same job.

Average Salary by Gender Chart in Seychelles

Male
433,800 SCR
Female -20%
363,000 SCR

Top Research and Development Executive Average Pay Raise in Seychelles

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 Top Research and Development Executive in Seychelles is around 11% every 28 months.

The national average pay raise across all professions and industries in Seychelles 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 = ( 11 ÷ 28 ) × 12  = 5%

What this means is that a Top Research and Development Executive in Seychelles can expect to receive an average pay raise of around 5% every 12 months.

Annual Pay Raise by Industry in Seychelles for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Top Research and Development Executive Bonus and Incentive Rates in Seychelles

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 Top Research and Development Executive is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% 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
68%
No Bonus
32%

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 Seychelles earn approximately 5% more than private sector employees in the same role.

Public Sector
240,500 SCR
Private Sector -5%
228,500 SCR

Salaries for Jobs Similar to a Top Research and Development Executive

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

Job Title Category Salary
Assistant Business Development Manager Business Planning 314,500 SCR
Assistant Merchandise Planner Business Planning 180,300 SCR
Business Advisor Business Planning 275,200 SCR
Business Analyst Business Planning 268,900 SCR
Business Consultant Business Planning 261,300 SCR
Business Continuity Associate Business Planning 172,400 SCR
Business Developer Business Planning 180,500 SCR
Business Development Analyst Business Planning 209,700 SCR
Business Development Associate Business Planning 142,300 SCR
Business Development Coordinator Business Planning 158,700 SCR
Business Development Director Business Planning 407,100 SCR
Business Development Engineer Business Planning 225,300 SCR
Business Development Executive Business Planning 294,700 SCR
Business Development Manager Business Planning 339,100 SCR
Business Development Specialist Business Planning 257,700 SCR
Business Manager Business Planning 322,600 SCR
Business Operations Specialist Business Planning 263,200 SCR
Business Process Writer Business Planning 159,400 SCR
Business Systems Analyst Business Planning 275,200 SCR
Capacity Planner Business Planning 205,700 SCR
Capacity Planning Supervisor Business Planning 272,800 SCR
Change Communications Analyst Business Planning 263,900 SCR
Change Control Analyst Business Planning 268,900 SCR
Change Impact Analyst Business Planning 271,300 SCR
Contracts Executive Business Planning 254,800 SCR
Corporate Strategy Analyst Business Planning 279,400 SCR
Cost Control Engineer Business Planning 180,500 SCR
Cost Controller Business Planning 204,700 SCR
Cost Estimator Business Planning 175,900 SCR
Data Executive Business Planning 138,800 SCR
Data Manager Business Planning 207,700 SCR
Data Processing Manager Business Planning 261,300 SCR
Development Researcher Business Planning 205,700 SCR
Director of Business Development Business Planning 407,100 SCR
Director of Production Planning Business Planning 348,300 SCR
Due Diligence Analyst Business Planning 294,300 SCR
Estimating Manager Business Planning 308,300 SCR
General Manager Business Planning 345,100 SCR
Incident Handler Business Planning 183,700 SCR
Incident Specialist Business Planning 225,700 SCR
Lean Consultant Business Planning 204,700 SCR
Manager Business Planning 366,200 SCR
Marketing and Business Development Manager Business Planning 344,600 SCR
Materials Planner Business Planning 124,400 SCR
Merchandise Assistant Business Planning 113,220 SCR
Merchandise Controller Business Planning 111,000 SCR
Merchandise Planner Business Planning 125,100 SCR
Operations Analyst Business Planning 251,500 SCR
Operations Manager Business Planning 288,700 SCR
Operations Research Analyst Business Planning 161,600 SCR
Planning and Reporting Manager Business Planning 301,600 SCR
Planning Director Business Planning 367,900 SCR
Project Administrator Business Planning 183,600 SCR
Project Manager Business Planning 286,400 SCR
Project Planner Business Planning 174,000 SCR
Research Assistant Business Planning 152,100 SCR
Research Engineer Business Planning 180,500 SCR
Research Officer Business Planning 137,400 SCR
Risk Management Specialist Business Planning 266,000 SCR
Scholarship Coordinator Business Planning 130,400 SCR
Store Planner Business Planning 134,600 SCR
Strategy Director Business Planning 375,200 SCR

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