Average Trade Product Manager Salary in Malawi for 2024

In this article, we will look at the average Trade Product 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 Trade Product Manager Make in Malawi?

A Trade Product 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 1,405,700 MWK to the highest average salary of 4,116,600 MWK.

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

Lowest Annual Salary
1,405,700 MWK
Lowest Monthly Salary
117,141 MWK

Highest Annual Salary
4,116,600 MWK
Highest Monthly Salary
343,050 MWK

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

Trade Product 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 Trade Product Manager Salaries in Malawi

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

Salary ranges

We already know that a Trade Product Manager can earn between 1,405,700 MWK and 4,116,600 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 Trade Product Manager in Malawi is 2,579,200 MWK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,579,200 MWK, and 50% of the population earn more than 2,579,200 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 Trade Product Manager salary in Malawi, 25% of the population are earning less than 1,788,300 MWK while 75% of the population earn more than 1,788,300 MWK.

75% of the population earn less than 3,217,900 MWK, and 25% of the population earn more than 3,217,900 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.

Trade Product 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 trade product 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 Trade Product Manager in Malawi that has less than two years of experience can expect to earn somewhere in the region of 1,594,500 MWK.
  • 2 - 5 Years Experience. With two to five years of experience the average Trade Product Manager salary would increase to 2,136,200 MWK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Trade Product 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 3,359,900 MWK.
  • 15 - 20 Years Experience. A Trade Product Manager with 15 to 20 years of experience can earn an average of 3,672,500 MWK.
  • 20+ Years Experience. For a Trade Product Manager with more than 20 years, the expected average salary increases to 3,863,700 MWK.

Average Salary by Experience Chart

0-2 Years
1,594,500 MWK
2-5 Years +34%
2,136,200 MWK
5-10 Years +30%
2,773,700 MWK
10-15 Years +21%
3,359,900 MWK
15-20 Years +9%
3,672,500 MWK
20+ Years +5%
3,863,700 MWK

Trade Product 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 Trade Product 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.

  • Bachelor's Degree. A Trade Product Manager in Malawi with a bachelor's degree education can earn an average salary of 2,242,500 MWK.

  • Master's Degree. A Trade Product Manager in Malawi with a master's degree education can earn an average salary of 3,118,900 MWK.

Average Salary by Education Chart

Bachelor's Degree
2,242,500 MWK
Master's Degree +39%
3,118,900 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.

Trade Product 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 trade product manager will earn an average of 2,868,600 MWK, while a female trade product manager will earn around 2,579,200 MWK.

This means that a male trade product manager earns approximately 11% more than a female trade product manager for performing the same job.

Average Salary by Gender Chart in Malawi

Male
2,868,600 MWK
Female -11%
2,579,200 MWK

Trade Product 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 Trade Product 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 Trade Product 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%

Trade Product 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 Trade Product Manager is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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 8%.

Received Bonus
61%
No Bonus
39%

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 Trade Product Manager

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

Job Title Category Salary
AML Analyst Banking 3,061,300 MWK
Assistant Bank Branch Manager Banking 2,617,900 MWK
Assistant Bank Manager Banking 3,539,100 MWK
ATM Manager Banking 3,085,500 MWK
ATM Service Technician Banking 791,200 MWK
Bank Accounts Analyst Banking 1,125,500 MWK
Bank Accounts Collector Banking 702,800 MWK
Bank Accounts Controller Banking 1,547,500 MWK
Bank Accounts Executive Banking 2,136,200 MWK
Bank Accounts Manager Banking 2,557,100 MWK
Bank Auditing Manager Banking 2,629,100 MWK
Bank Branch Manager Banking 3,469,900 MWK
Bank Branch Operations Coordinator Banking 1,524,300 MWK
Bank Clerk Banking 667,400 MWK
Bank Client Service Associate Banking 1,015,500 MWK
Bank Collector Banking 752,600 MWK
Bank Compliance Specialist Banking 1,882,700 MWK
Bank Manager Banking 3,996,300 MWK
Bank Operational Risk Manager Banking 4,249,700 MWK
Bank Operations Head Banking 4,260,400 MWK
Bank Operations Officer Banking 1,703,200 MWK
Bank Operations Specialist Banking 2,566,100 MWK
Bank Process Manager Banking 2,471,700 MWK
Bank Product Manager Banking 2,794,600 MWK
Bank Programme Manager Banking 2,854,700 MWK
Bank Project Manager Banking 3,299,800 MWK
Bank Propositions Manager Banking 2,878,300 MWK
Bank Quantitative Analyst Banking 2,207,600 MWK
Bank Regional Manager Banking 4,585,100 MWK
Bank Regional Risk Officer Banking 2,266,400 MWK
Bank Relationship Manager Banking 3,132,800 MWK
Bank Relationship Officer Banking 1,500,800 MWK
Bank Teller Banking 757,300 MWK
Banker Banking 1,547,500 MWK
Banking Business Analyst Banking 2,230,100 MWK
Banking Business Development Officer Banking 1,357,900 MWK
Banking Business Planning Executive Banking 3,277,900 MWK
Banking Product Manager Banking 2,782,600 MWK
Banking Reference Data Manager Banking 2,508,300 MWK
Banking Risk Analyst Banking 2,184,900 MWK
Banking Technical Analyst Banking 1,134,500 MWK
Bankruptcy Coordinator Banking 1,570,900 MWK
Bill and Account Collector Banking 794,900 MWK
Budget Analyst Banking 2,221,600 MWK
Capital Risk Manager Banking 4,067,600 MWK
Cards Marketing Manager Banking 2,653,700 MWK
Cash Management Manager Banking 3,889,500 MWK
Check Processing Manager Banking 2,953,200 MWK
Commercial Vault Associate Banking 2,065,400 MWK
Corporate Banker Banking 1,606,100 MWK
Corporate Dealer Banking 2,339,200 MWK
Credit Analyst Banking 1,751,700 MWK
Credit and Collections Manager Banking 2,831,100 MWK
Credit Card Fraud Investigator Banking 2,230,100 MWK
Credit Portfolio Manager Banking 4,140,900 MWK
Credit Risk Analyst Banking 2,566,100 MWK
Credit Risk Associate Banking 2,290,300 MWK
Direct Bank Sales Representative Banking 1,570,900 MWK
Exchange Control Consultant Banking 2,290,300 MWK
Executive Account Analyst Banking 2,173,000 MWK
Financial Bank Planning Consultant Banking 2,893,600 MWK
Financial Banking Analysis Manager Banking 3,144,700 MWK
Financial Banking Assistant Banking 1,047,900 MWK
Financial Banking Systems Manager Banking 3,085,500 MWK
Foreign Exchange Manager Banking 3,071,100 MWK
Fraud Analyst Banking 2,423,000 MWK
Fraud Detection Associate Banking 1,570,900 MWK
Fraud Detection Manager Banking 3,553,500 MWK
Fraud Detection Supervisor Banking 1,942,700 MWK
Internal Bank Audit Manager Banking 3,889,500 MWK
Internal Bank Auditor Banking 2,136,200 MWK
Internal Private Banker Banking 1,632,100 MWK
International Banking Manager Banking 4,633,100 MWK
Investment Banking Analyst Banking 3,217,900 MWK
Loan Analyst Banking 2,242,500 MWK
Loan Area Manager Banking 2,676,200 MWK
Loan Audit Team Leader Banking 2,508,300 MWK
Loan Branch Manager Banking 2,557,100 MWK
Loan Business Development Officer Banking 1,283,600 MWK
Loan Clerk Banking 774,200 MWK
Loan Collection and Recovery Manager Banking 2,773,700 MWK
Loan Collection Manager Banking 2,688,800 MWK
Loan Collector Banking 704,300 MWK
Loan Examiner Banking 965,800 MWK
Loan Officer Banking 832,100 MWK
Loan Processing Manager Banking 2,447,200 MWK
Loan Processor Banking 954,900 MWK
Loan Quality Assurance Auditor Banking 2,207,600 MWK
Loan Quality Assurance Manager Banking 2,533,800 MWK
Loan Quality Assurance Representative Banking 1,570,900 MWK
Loan Review Manager Banking 2,435,600 MWK
Loan Team Leader Banking 2,242,500 MWK
Loans Manager Banking 2,831,100 MWK
Mortgage Advisor Banking 1,583,700 MWK
Mortgage Collection Manager Banking 2,495,600 MWK
Mortgage Collector Banking 717,900 MWK
Mortgage Credit Analyst Banking 1,198,200 MWK
Mortgage Credit Manager Banking 2,352,500 MWK
Mortgage Development Manager Banking 2,773,700 MWK
Mortgage Document Reviewer Banking 971,200 MWK
Mortgage Funding Manager Banking 2,964,800 MWK
Mortgage Operations Manager Banking 3,755,300 MWK
Mortgage Payment Processing Clerk Banking 852,600 MWK
Mortgage Processing Manager Banking 2,447,200 MWK
Mortgage Processor Banking 987,200 MWK
Mortgage Quality Assurance Auditor Banking 2,266,400 MWK
Mortgage Quality Assurance Manager Banking 2,423,000 MWK
Mortgage Servicing Clerk Banking 785,400 MWK
Mortgage Servicing Manager Banking 2,327,100 MWK
Mortgage Underwriter Banking 932,800 MWK
Online Banking Manager Banking 3,672,500 MWK
Payment Processing Clerk Banking 769,500 MWK
Personal Banker Banking 1,560,800 MWK
Personal Banking Advisor Banking 1,632,100 MWK
Phone Banker Banking 1,025,100 MWK
Private Banker Banking 1,621,400 MWK
Reconciliation and Investigation Specialist Banking 1,800,200 MWK
Tax Officer Banking 1,273,300 MWK
Teller Banking 752,600 MWK
Trade Officer Banking 915,100 MWK
Trader Banking 1,050,100 MWK
Treasury Operations Officer Banking 1,908,800 MWK

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