Average Vice President Sales Salary in Gibraltar for 2024

In this article, we will look at the average Vice President Sales salary for 2024 in Gibraltar 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 Gibraltar pound. To keep things simple, we are using the GIP currency code instead of the currency symbol £.

How Much Does a Vice President Sales Make in Gibraltar?

A Vice President Sales working in Gibraltar will typically earn around 58,500 GIP per year, and this can range from the lowest average salary of about 31,400 GIP to the highest average salary of 87,400 GIP.

Average Annual Salary
58,500 GIP
Average Monthly Salary
4,875 GIP

Lowest Annual Salary
31,400 GIP
Lowest Monthly Salary
2,616 GIP

Highest Annual Salary
87,400 GIP
Highest Monthly Salary
7,283 GIP

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

Vice President Sales 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 Sales Salaries in Gibraltar

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

Salary ranges

We already know that a Vice President Sales can earn between 31,400 GIP and 87,400 GIP on average in Gibraltar. 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 Sales in Gibraltar is 52,800 GIP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 52,800 GIP, and 50% of the population earn more than 52,800 GIP.

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 Sales salary in Gibraltar, 25% of the population are earning less than 39,100 GIP while 75% of the population earn more than 39,100 GIP.

75% of the population earn less than 67,600 GIP, and 25% of the population earn more than 67,600 GIP.

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 Sales Salary by Experience Level in Gibraltar

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 sales 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 Sales in Gibraltar that has less than two years of experience can expect to earn somewhere in the region of 35,400 GIP.
  • 2 - 5 Years Experience. With two to five years of experience the average Vice President Sales salary would increase to 48,600 GIP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Vice President Sales, the average salary would be 63,200 GIP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 72,400 GIP.
  • 15 - 20 Years Experience. A Vice President Sales with 15 to 20 years of experience can earn an average of 80,900 GIP.
  • 20+ Years Experience. For a Vice President Sales with more than 20 years, the expected average salary increases to 87,300 GIP.

Average Salary by Experience Chart

0-2 Years
35,400 GIP
2-5 Years +26%
48,600 GIP
5-10 Years +32%
63,200 GIP
10-15 Years +18%
72,400 GIP
15-20 Years +11%
80,900 GIP
20+ Years +6%
87,300 GIP

Vice President Sales Salary by Education Level in Gibraltar

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 Sales in Gibraltar 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 Sales in Gibraltar with a high school education can earn an average salary of 46,400 GIP.

  • Certificate or Diploma. A Vice President Sales in Gibraltar with a certificate or diploma education can earn an average salary of 52,300 GIP.

  • Bachelor's Degree. A Vice President Sales in Gibraltar with a bachelor's degree education can earn an average salary of 66,400 GIP.

  • Master's Degree. A Vice President Sales in Gibraltar with a master's degree education can earn an average salary of 83,400 GIP.

Average Salary by Education Chart

High School
46,400 GIP
Certificate or Diploma +13%
52,300 GIP
Bachelor's Degree +32%
66,400 GIP
Master's Degree +24%
83,400 GIP

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 Gibraltar is around 16,900 to 50,700 GIP 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 Sales 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 Gibraltar, a male vice president sales will earn an average of 62,500 GIP, while a female vice president sales will earn around 55,500 GIP.

This means that a male vice president sales earns approximately 13% more than a female vice president sales for performing the same job.

Average Salary by Gender Chart in Gibraltar

Male
62,500 GIP
Female -13%
55,500 GIP

Vice President Sales Average Pay Raise in Gibraltar

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 Sales in Gibraltar is around 8% every 29 months.

The national average pay raise across all professions and industries in Gibraltar 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 Vice President Sales in Gibraltar can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Gibraltar for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Vice President Sales Bonus and Incentive Rates in Gibraltar

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 Sales is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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
59%
No Bonus
41%

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 Gibraltar earn approximately 24% more than private sector employees in the same role.

Public Sector
43,400 GIP
Private Sector -24%
35,000 GIP

Salaries for Jobs Similar to a Vice President Sales

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

Job Title Category Salary
Account Manager Sales Retail and Wholesale 45,600 GIP
Account Officer Sales Retail and Wholesale 23,400 GIP
Area Manager Sales Retail and Wholesale 50,800 GIP
Area Sales Director Sales Retail and Wholesale 82,300 GIP
Area Sales Manager Sales Retail and Wholesale 64,100 GIP
Assisstant Store Supervisor Sales Retail and Wholesale 26,100 GIP
Assistant Department Manager Sales Retail and Wholesale 30,200 GIP
Assistant Retail Store Manager Sales Retail and Wholesale 35,000 GIP
Branch Manager Sales Retail and Wholesale 47,200 GIP
Branch Supervisor Sales Retail and Wholesale 41,100 GIP
Cashier Sales Retail and Wholesale 15,200 GIP
Cashier Manager Sales Retail and Wholesale 34,000 GIP
Commercial Sales Manager Sales Retail and Wholesale 63,500 GIP
Corporate Sales Manager Sales Retail and Wholesale 54,100 GIP
Depot Manager Sales Retail and Wholesale 43,800 GIP
Depot Supervisor Sales Retail and Wholesale 40,700 GIP
Deputy Sales Manager Sales Retail and Wholesale 44,900 GIP
Director of Sales Sales Retail and Wholesale 76,900 GIP
Distribution Director Sales Retail and Wholesale 52,300 GIP
District Leader Sales Retail and Wholesale 36,800 GIP
District Manager Sales Retail and Wholesale 45,300 GIP
District Sales Manager Sales Retail and Wholesale 45,800 GIP
External Sales Account Manager Sales Retail and Wholesale 45,600 GIP
Field Sales Representative Sales Retail and Wholesale 28,900 GIP
Furniture Sales Associate Sales Retail and Wholesale 23,200 GIP
Global Wholesale Manager Sales Retail and Wholesale 81,300 GIP
Head Cashier Sales Retail and Wholesale 31,200 GIP
Head of Direct Sales Sales Retail and Wholesale 57,100 GIP
Head of Retail Sales Retail and Wholesale 59,000 GIP
Head Teller Sales Retail and Wholesale 30,100 GIP
Inside Sales Sales Retail and Wholesale 23,500 GIP
Inside Sales Account Manager Sales Retail and Wholesale 36,900 GIP
Inside Sales Engineer Sales Retail and Wholesale 26,500 GIP
Inside Sales Executive Sales Retail and Wholesale 44,800 GIP
Inside Sales Representative Sales Retail and Wholesale 24,200 GIP
Internal Sales Manager Sales Retail and Wholesale 47,500 GIP
Inventory Manager Sales Retail and Wholesale 46,300 GIP
Key Account Manager Sales Retail and Wholesale 46,000 GIP
Medical Device Sales Sales Retail and Wholesale 33,000 GIP
Medical Device Sales Representative Sales Retail and Wholesale 37,300 GIP
Merchandiser Sales Retail and Wholesale 31,400 GIP
National Account Manager Sales Retail and Wholesale 63,700 GIP
National Customer Solution Specialist Sales Retail and Wholesale 53,500 GIP
National Sales Manager Sales Retail and Wholesale 83,200 GIP
Outside Sales Representative Sales Retail and Wholesale 32,300 GIP
Parts Salesperson Sales Retail and Wholesale 27,400 GIP
Project Development Manager Sales Retail and Wholesale 50,000 GIP
Project Manager Sales Retail and Wholesale 48,300 GIP
Project Sales Executive Sales Retail and Wholesale 49,400 GIP
Purchasing and Sales Executive Sales Retail and Wholesale 68,300 GIP
Quotation Engineer Sales Retail and Wholesale 22,400 GIP
Regional Sales Director Sales Retail and Wholesale 83,300 GIP
Regional Sales Manager Sales Retail and Wholesale 81,600 GIP
Relationship Manager Sales Retail and Wholesale 51,400 GIP
Retail Merchandiser Sales Retail and Wholesale 17,800 GIP
Retail Operations Manager Sales Retail and Wholesale 45,700 GIP
Retail Sales Associate Sales Retail and Wholesale 36,000 GIP
Retail Sales Representative Sales Retail and Wholesale 26,400 GIP
Retail Salesperson Sales Retail and Wholesale 27,600 GIP
Retail Store Manager Sales Retail and Wholesale 45,300 GIP
Retail Store Sales Person Sales Retail and Wholesale 27,300 GIP
Revenue Manager Sales Retail and Wholesale 47,500 GIP
Sales Account Manager Sales Retail and Wholesale 49,700 GIP
Sales Admin Executive Sales Retail and Wholesale 61,400 GIP
Sales Administration Manager Sales Retail and Wholesale 57,100 GIP
Sales Analyst Sales Retail and Wholesale 47,400 GIP
Sales Assistant Sales Retail and Wholesale 18,900 GIP
Sales Associate Sales Retail and Wholesale 26,400 GIP
Sales Consultant Sales Retail and Wholesale 36,800 GIP
Sales Coordinator Sales Retail and Wholesale 27,400 GIP
Sales Development Representative Sales Retail and Wholesale 33,600 GIP
Sales Director Sales Retail and Wholesale 75,800 GIP
Sales Engineer Sales Retail and Wholesale 25,800 GIP
Sales Executive Sales Retail and Wholesale 51,400 GIP
Sales Manager Sales Retail and Wholesale 65,900 GIP
Sales Officer Sales Retail and Wholesale 27,300 GIP
Sales Planner Sales Retail and Wholesale 41,300 GIP
Sales Planning Analyst Sales Retail and Wholesale 42,600 GIP
Sales Representative Sales Retail and Wholesale 22,800 GIP
Sales Service Associate Sales Retail and Wholesale 24,200 GIP
Sales Specialist Sales Retail and Wholesale 38,000 GIP
Sales Supervisor Sales Retail and Wholesale 38,000 GIP
Sales Support Sales Retail and Wholesale 17,800 GIP
Sales Support Manager Sales Retail and Wholesale 41,900 GIP
Sales Team Leader Sales Retail and Wholesale 41,400 GIP
Sales Trainer Sales Retail and Wholesale 46,400 GIP
Securities Sales Agent Sales Retail and Wholesale 41,500 GIP
Shipper / Receiver Sales Retail and Wholesale 20,300 GIP
Shop Manager Sales Retail and Wholesale 45,000 GIP
Store Development Administrator Sales Retail and Wholesale 33,200 GIP
Store Manager Sales Retail and Wholesale 46,900 GIP
Territory Sales Manager Sales Retail and Wholesale 63,400 GIP
Territory Sales Representative Sales Retail and Wholesale 36,000 GIP
Trade Marketing Officer Sales Retail and Wholesale 42,700 GIP
Treasury Officer Sales Retail and Wholesale 36,800 GIP
Visual Merchandiser Sales Retail and Wholesale 20,400 GIP

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