Average Vice President Salary in Malawi for 2024

In this article, we will look at the average Vice President 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 Vice President Make in Malawi?

A Vice President working in Malawi will typically earn around 3,805,100 MWK per year, and this can range from the lowest average salary of about 1,980,600 MWK to the highest average salary of 5,818,100 MWK.

Average Annual Salary
3,805,100 MWK
Average Monthly Salary
317,091 MWK

Lowest Annual Salary
1,980,600 MWK
Lowest Monthly Salary
165,050 MWK

Highest Annual Salary
5,818,100 MWK
Highest Monthly Salary
484,841 MWK

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

Vice President 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 Vice President Salaries in Malawi

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

Salary ranges

We already know that a Vice President can earn between 1,980,600 MWK and 5,818,100 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 Vice President in Malawi is 3,648,200 MWK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,648,200 MWK, and 50% of the population earn more than 3,648,200 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 Vice President salary in Malawi, 25% of the population are earning less than 2,533,800 MWK while 75% of the population earn more than 2,533,800 MWK.

75% of the population earn less than 4,548,600 MWK, and 25% of the population earn more than 4,548,600 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.

Vice President 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 vice president 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 Vice President in Malawi that has less than two years of experience can expect to earn somewhere in the region of 2,242,500 MWK.
  • 2 - 5 Years Experience. With two to five years of experience the average Vice President salary would increase to 3,013,500 MWK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Vice President, the average salary would be 3,912,600 MWK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,739,800 MWK.
  • 15 - 20 Years Experience. A Vice President with 15 to 20 years of experience can earn an average of 5,183,700 MWK.
  • 20+ Years Experience. For a Vice President with more than 20 years, the expected average salary increases to 5,447,200 MWK.

Average Salary by Experience Chart

0-2 Years
2,242,500 MWK
2-5 Years +34%
3,013,500 MWK
5-10 Years +30%
3,912,600 MWK
10-15 Years +21%
4,739,800 MWK
15-20 Years +9%
5,183,700 MWK
20+ Years +5%
5,447,200 MWK

Vice President 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 Vice President 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 Vice President in Malawi with a high school education can earn an average salary of 2,711,900 MWK.

  • Certificate or Diploma. A Vice President in Malawi with a certificate or diploma education can earn an average salary of 3,094,100 MWK.

  • Bachelor's Degree. A Vice President in Malawi with a bachelor's degree education can earn an average salary of 4,355,800 MWK.

  • Master's Degree. A Vice President in Malawi with a master's degree education can earn an average salary of 5,280,300 MWK.

Average Salary by Education Chart

High School
2,711,900 MWK
Certificate or Diploma +14%
3,094,100 MWK
Bachelor's Degree +41%
4,355,800 MWK
Master's Degree +21%
5,280,300 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.

Vice President 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 vice president will earn an average of 4,056,200 MWK, while a female vice president will earn around 3,635,200 MWK.

This means that a male vice president earns approximately 12% more than a female vice president for performing the same job.

Average Salary by Gender Chart in Malawi

Male
4,056,200 MWK
Female -12%
3,635,200 MWK

Vice President 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 Vice President in Malawi is around 9% 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 = ( 9 ÷ 29 ) × 12  = 4%

What this means is that a Vice President in Malawi can expect to receive an average pay raise of around 4% 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%

Vice President 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 Vice President is a moderate bonus based job, with 62% of employees reporting at least one bonus in the last 12 months.

38% 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
62%
No Bonus
38%

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 Vice President

In the table below, we have salary information for jobs that are similar to a Vice President in Malawi.

Job Title Category Salary
Account Coordinator Executive and Management 1,930,500 MWK
Account Director Executive and Management 2,362,300 MWK
Account Executive Executive and Management 2,281,800 MWK
Account Manager Executive and Management 2,254,400 MWK
Administration Manager Executive and Management 2,173,000 MWK
Administration Officer Executive and Management 1,196,800 MWK
Administration Supervisor Executive and Management 1,921,500 MWK
Administrative Clerk Executive and Management 918,600 MWK
Administrative Officer Executive and Management 860,300 MWK
Area Director Executive and Management 2,026,800 MWK
Area Manager Executive and Management 2,065,400 MWK
Asset Protection Associate Executive and Management 2,485,800 MWK
Assistant Director Executive and Management 2,290,300 MWK
Assistant General Manager Executive and Management 2,389,200 MWK
Assistant Manager Executive and Management 2,471,700 MWK
Assistant Managing Director Executive and Management 2,617,900 MWK
Assistant Operations Manager Executive and Management 2,688,800 MWK
Assistant Project Manager Executive and Management 2,281,800 MWK
Assistant Section Head Executive and Management 2,003,200 MWK
Assistant to CEO Executive and Management 2,076,600 MWK
Assistant Vice President Executive and Management 2,401,300 MWK
Associate Account Director Executive and Management 2,374,400 MWK
Associate Director Executive and Management 2,327,100 MWK
Bid Manager Executive and Management 2,557,100 MWK
Branch Manager Executive and Management 2,533,800 MWK
Business Development Manager Executive and Management 3,013,500 MWK
Business Operations Associate Executive and Management 2,460,900 MWK
Business Operations Lead Executive and Management 2,362,300 MWK
Campaign Manager Executive and Management 2,641,300 MWK
Catering Coordinator Executive and Management 1,450,700 MWK
Catering Manager Executive and Management 2,221,600 MWK
CEO Executive and Management 4,297,400 MWK
Chairman of The Board Executive and Management 4,320,200 MWK
Chairman Office Manager Executive and Management 2,914,600 MWK
Chief Commercial Officer Executive and Management 3,312,100 MWK
Chief Corporate Officer Executive and Management 3,539,100 MWK
Chief Executive Officer Executive and Management 4,548,600 MWK
Chief Financial Officer Executive and Management 4,032,100 MWK
Chief Investment Officer Executive and Management 3,277,900 MWK
Chief of Staff Executive and Management 2,100,900 MWK
Chief Operating Officer Executive and Management 3,514,400 MWK
Chief Risk Officer Executive and Management 2,964,800 MWK
Client Account Manager Executive and Management 2,579,200 MWK
Client Accounts Officer Executive and Management 2,230,100 MWK
Client Services Manager Executive and Management 2,868,600 MWK
Commercial Director Executive and Management 3,118,900 MWK
Commercial Manager Executive and Management 2,641,300 MWK
Commercial Project Manager Executive and Management 2,533,800 MWK
Commodity Broker Executive and Management 1,835,700 MWK
COO Executive and Management 3,323,300 MWK
Corporate Affairs Executive Executive and Management 2,593,900 MWK
Corporate Compliance Director Executive and Management 2,831,100 MWK
Corporate Director Executive and Management 3,071,100 MWK
Corporate Officer Executive and Management 2,100,900 MWK
Corporate Partnerships Officer Executive and Management 2,173,000 MWK
Country Manager Executive and Management 3,455,900 MWK
Department Head Executive and Management 2,782,600 MWK
Department Manager Executive and Management 2,868,600 MWK
Department Supervisor Executive and Management 2,304,300 MWK
Deputy Director Executive and Management 3,263,500 MWK
Deputy Manager Executive and Management 3,118,900 MWK
Director Executive and Management 3,586,300 MWK
Director of Accreditation Executive and Management 2,844,200 MWK
Director of Catering Services Executive and Management 2,641,300 MWK
Director of Client Services Executive and Management 2,844,200 MWK
Director of Facilities Management Executive and Management 2,485,800 MWK
Director of Operations Executive and Management 2,987,000 MWK
Director of Process Simplification Executive and Management 2,423,000 MWK
Director of Product Management Executive and Management 2,893,600 MWK
Director of Project Management Executive and Management 3,047,800 MWK
Director of Revenue Management Executive and Management 2,794,600 MWK
Director of Training and Development Executive and Management 2,794,600 MWK
Distribution Manager Executive and Management 3,085,500 MWK
Division Manager Executive and Management 2,641,300 MWK
Duty Manager Executive and Management 2,605,500 MWK
Engagement Manager Executive and Management 3,277,900 MWK
Executive Director Executive and Management 4,558,700 MWK
Executive Manager Executive and Management 3,769,500 MWK
Franchise Manager Executive and Management 3,769,500 MWK
General Manager Executive and Management 3,359,900 MWK
Global Master Data Manager Executive and Management 3,035,200 MWK
Global Technical Lead Executive and Management 1,990,300 MWK
Head of Investment Executive and Management 3,023,200 MWK
Head of Middle Office Executive and Management 2,794,600 MWK
Head of Projects Executive and Management 2,928,100 MWK
Head of Strategy Executive and Management 3,481,100 MWK
Head of Supply Chain Executive and Management 2,641,300 MWK
Head of Sustainability Executive and Management 2,495,600 MWK
Housing Manager Executive and Management 2,290,300 MWK
HSE Manager Executive and Management 2,411,500 MWK
Key Account Manager Executive and Management 2,593,900 MWK
Knowledge Manager Executive and Management 2,998,500 MWK
Location Manager Executive and Management 2,941,000 MWK
Logistics Executive Executive and Management 2,242,500 MWK
Logistics Manager Executive and Management 2,207,600 MWK
Management Consultant Executive and Management 2,352,500 MWK
Management Executive Executive and Management 3,323,300 MWK
Manager Executive and Management 2,878,300 MWK
Managing Director Executive and Management 3,659,400 MWK
MIS Executive Executive and Management 3,071,100 MWK
Ocean Services Manager Executive and Management 3,205,100 MWK
Operational Manager Executive and Management 3,118,900 MWK
Operations Analyst Executive and Management 2,748,900 MWK
Operations Assistant Executive and Management 2,184,900 MWK
Operations Director Executive and Management 3,288,400 MWK
Operations Executive Executive and Management 3,359,900 MWK
Operations Manager Executive and Management 3,312,100 MWK
Operations Supervisor Executive and Management 2,782,600 MWK
Planning Director Executive and Management 3,323,300 MWK
PMO Manager Executive and Management 2,819,600 MWK
Policy Administration Executive Executive and Management 2,460,900 MWK
Private Sector Executive Executive and Management 2,711,900 MWK
Product Development Manager Executive and Management 3,108,200 MWK
Product Executive Executive and Management 2,653,700 MWK
Production Executive Executive and Management 2,953,200 MWK
Production Manager Executive and Management 2,878,300 MWK
Production Supervisor Executive and Management 2,460,900 MWK
Program Director Executive and Management 2,998,500 MWK
Program Manager Executive and Management 3,156,400 MWK
Programme Coordinator Executive and Management 2,221,600 MWK
Project Control Manager Executive and Management 2,987,000 MWK
Project Coordinator Executive and Management 1,788,300 MWK
Project Management Officer Executive and Management 2,076,600 MWK
Project Manager Executive and Management 2,254,400 MWK
Project Portfolio Manager Executive and Management 2,411,500 MWK
Quality Manager Executive and Management 2,508,300 MWK
R/D Director Executive and Management 2,557,100 MWK
Regional Director Executive and Management 3,970,700 MWK
Regional Manager Executive and Management 3,118,900 MWK
Relationship Manager Executive and Management 2,953,200 MWK
Retail District Manager Executive and Management 2,197,700 MWK
Revenue Manager Executive and Management 2,423,000 MWK
Risk and Capital Manager Executive and Management 3,288,400 MWK
Risk Officer Executive and Management 2,266,400 MWK
Safety Manager Executive and Management 2,184,900 MWK
Section Head Executive and Management 2,197,700 MWK
Service Manager Executive and Management 2,435,600 MWK
Shift Supervisor Executive and Management 1,858,200 MWK
Solutions Manager Executive and Management 2,221,600 MWK
Supervisor Executive and Management 1,882,700 MWK
Supply Chain Manager Executive and Management 3,118,900 MWK
Surveyor Executive and Management 2,136,200 MWK
Technical Director Executive and Management 2,831,100 MWK
Technical Manager Executive and Management 2,914,600 MWK
Territory Manager Executive and Management 2,902,500 MWK
Validation Manager Executive and Management 2,662,900 MWK
Zone Manager Executive and Management 3,061,300 MWK

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