Average Top Research and Development Executive Salary in Thailand for 2024

In this article, we will look at the average Top Research and Development Executive salary for 2024 in Thailand 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 Thai baht. To keep things simple, we are using the THB currency code instead of the currency symbol ฿.

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

A Top Research and Development Executive working in Thailand will typically earn around 2,184,900 THB per year, and this can range from the lowest average salary of about 1,007,400 THB to the highest average salary of 3,481,100 THB.

Average Annual Salary
2,184,900 THB
Average Monthly Salary
182,075 THB

Lowest Annual Salary
1,007,400 THB
Lowest Monthly Salary
83,950 THB

Highest Annual Salary
3,481,100 THB
Highest Monthly Salary
290,091 THB

These are average salaries for a Top Research and Development Executive in Thailand 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 Thailand

So we've looked at the average salaries a Top Research and Development Executive will earn in Thailand. 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 1,007,400 THB and 3,481,100 THB on average in Thailand. 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 Thailand is 2,362,300 THB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,362,300 THB, and 50% of the population earn more than 2,362,300 THB.

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 Thailand, 25% of the population are earning less than 1,510,400 THB while 75% of the population earn more than 1,510,400 THB.

75% of the population earn less than 3,156,400 THB, and 25% of the population earn more than 3,156,400 THB.

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 Thailand

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 Thailand that has less than two years of experience can expect to earn somewhere in the region of 1,141,000 THB.
  • 2 - 5 Years Experience. With two to five years of experience the average Top Research and Development Executive salary would increase to 1,524,300 THB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Top Research and Development Executive, the average salary would be 2,254,400 THB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,748,900 THB.
  • 15 - 20 Years Experience. A Top Research and Development Executive with 15 to 20 years of experience can earn an average of 2,998,500 THB.
  • 20+ Years Experience. For a Top Research and Development Executive with more than 20 years, the expected average salary increases to 3,239,400 THB.

Average Salary by Experience Chart

0-2 Years
1,141,000 THB
2-5 Years +34%
1,524,300 THB
5-10 Years +48%
2,254,400 THB
10-15 Years +22%
2,748,900 THB
15-20 Years +9%
2,998,500 THB
20+ Years +8%
3,239,400 THB

Top Research and Development Executive Salary by Education Level in Thailand

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 Thailand 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 Thailand with a bachelor's degree education can earn an average salary of 1,306,100 THB.

  • Master's Degree. A Top Research and Development Executive in Thailand with a master's degree education can earn an average salary of 2,038,500 THB.

  • PhD. A Top Research and Development Executive in Thailand with a phd education can earn an average salary of 3,432,600 THB.

Average Salary by Education Chart

Bachelor's Degree
1,306,100 THB
Master's Degree +57%
2,038,500 THB
PhD +68%
3,432,600 THB

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 Thailand is around 485,000 to 1,450,000 THB 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 Thailand, a male top research and development executive will earn an average of 2,339,200 THB, while a female top research and development executive will earn around 2,038,500 THB.

This means that a male top research and development executive earns approximately 15% more than a female top research and development executive for performing the same job.

Average Salary by Gender Chart in Thailand

Male
2,339,200 THB
Female -15%
2,038,500 THB

Top Research and Development Executive Average Pay Raise in Thailand

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 Thailand is around 14% every 17 months.

The national average pay raise across all professions and industries in Thailand is around 8% every 17 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 = ( 14 ÷ 17 ) × 12  = 10%

What this means is that a Top Research and Development Executive in Thailand can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Thailand for 2024

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

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%

Top Research and Development Executive Bonus and Incentive Rates in Thailand

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 high bonus based job, with 86% of employees reporting at least one bonus in the last 12 months.

14% 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
86%
No Bonus
14%

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 Thailand earn approximately 6% more than private sector employees in the same role.

Public Sector
1,198,300 THB
Private Sector -6%
1,129,700 THB

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 Thailand.

Job Title Category Salary
Assistant Business Development Manager Business Planning 1,537,500 THB
Assistant Merchandise Planner Business Planning 943,800 THB
Business Advisor Business Planning 1,510,400 THB
Business Analyst Business Planning 1,510,400 THB
Business Consultant Business Planning 1,487,200 THB
Business Continuity Associate Business Planning 861,300 THB
Business Developer Business Planning 995,000 THB
Business Development Analyst Business Planning 1,038,700 THB
Business Development Associate Business Planning 744,700 THB
Business Development Coordinator Business Planning 852,600 THB
Business Development Director Business Planning 2,052,200 THB
Business Development Engineer Business Planning 1,159,900 THB
Business Development Executive Business Planning 1,537,500 THB
Business Development Manager Business Planning 1,858,200 THB
Business Development Specialist Business Planning 1,428,800 THB
Business Manager Business Planning 1,668,900 THB
Business Operations Specialist Business Planning 1,380,400 THB
Business Process Writer Business Planning 848,200 THB
Business Systems Analyst Business Planning 1,440,700 THB
Capacity Planner Business Planning 999,500 THB
Capacity Planning Supervisor Business Planning 1,357,900 THB
Change Communications Analyst Business Planning 1,345,400 THB
Change Control Analyst Business Planning 1,391,600 THB
Change Impact Analyst Business Planning 1,428,800 THB
Contracts Executive Business Planning 1,500,800 THB
Corporate Strategy Analyst Business Planning 1,464,200 THB
Cost Control Engineer Business Planning 939,600 THB
Cost Controller Business Planning 1,079,600 THB
Cost Estimator Business Planning 991,100 THB
Data Executive Business Planning 773,400 THB
Data Manager Business Planning 1,108,500 THB
Data Processing Manager Business Planning 1,283,600 THB
Development Researcher Business Planning 1,065,400 THB
Director of Business Development Business Planning 2,161,200 THB
Director of Production Planning Business Planning 1,846,200 THB
Due Diligence Analyst Business Planning 1,621,400 THB
Estimating Manager Business Planning 1,583,700 THB
General Manager Business Planning 1,811,000 THB
Incident Handler Business Planning 1,051,400 THB
Incident Specialist Business Planning 1,306,100 THB
Lean Consultant Business Planning 1,162,900 THB
Manager Business Planning 1,870,400 THB
Marketing and Business Development Manager Business Planning 1,788,300 THB
Materials Planner Business Planning 650,800 THB
Merchandise Assistant Business Planning 610,100 THB
Merchandise Controller Business Planning 619,800 THB
Merchandise Planner Business Planning 658,300 THB
Operations Analyst Business Planning 1,345,400 THB
Operations Manager Business Planning 1,476,700 THB
Operations Research Analyst Business Planning 890,100 THB
Planning and Reporting Manager Business Planning 1,655,500 THB
Planning Director Business Planning 1,990,300 THB
Project Administrator Business Planning 960,900 THB
Project Manager Business Planning 1,450,700 THB
Project Planner Business Planning 899,900 THB
Research Assistant Business Planning 791,200 THB
Research Engineer Business Planning 887,100 THB
Research Officer Business Planning 724,300 THB
Risk Management Specialist Business Planning 1,391,600 THB
Scholarship Coordinator Business Planning 748,600 THB
Store Planner Business Planning 710,500 THB
Strategy Director Business Planning 2,003,200 THB

Salary Comparison by City

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

City Average Salary
Bangkok (Krung Thep) 2,327,100 THB
Chiang Mai 2,242,500 THB

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