Home > Salary > Ethiopia > Managing Director
A Managing Director is a high-level executive responsible for overseeing the operations and strategic direction of a company. They are typically appointed by the board of directors and play a crucial role in setting organizational goals, implementing policies, and ensuring the overall success of the business. The Managing Director leads and manages a team of senior executives, providing guidance and support to achieve financial targets, operational efficiency, and market growth. They are also responsible for building and maintaining relationships with key stakeholders such as clients, investors, and government authorities. This position requires strong leadership skills, business acumen, and the ability to make critical decisions that impact the company's performance and reputation.
Estimated Yearly Salary: 347,407 ETB
Estimated Monthly Salary: 28,951 ETB
Estimated Weekly Salary: 6,681 ETB per week
Estimated Hourly Salary: 167 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 27,940 ETB
Estimated Weekly Salary: 6,448 ETB per week
Estimated Hourly Salary: 161 ETB per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 5,785 USD
Estimated Monthly Salary: 482 USD
Estimated Weekly Salary: 111 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 347,407 ETB
Estimated Monthly Salary: 28,951 ETB
Estimated Weekly Salary: 6,681 ETB per week
Estimated Hourly Salary: 167 ETB per hour
By working as Managing Director a person can save up to 405 USD per month or 4,863 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Managing Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Organic farmer (90,160 ETB per year, pre-tax.)
Waiter waitress (32,546 ETB per year, pre-tax.)
Estimator utilities (115,738 ETB per year, pre-tax.)
Army captain infantry (145,022 ETB per year, pre-tax.)
Litigation support specialist (102,266 ETB per year, pre-tax.)
Managing Director salary in Ethiopia
Average Yearly Salary of Managing Director in Ethiopia is approximately 347,407 ETB (5,785 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Managing Director do?
A Managing Director is a high-level executive responsible for overseeing the operations and strategic direction of a company. They are typically appointed by the board of directors and play a crucial role in setting organizational goals, implementing policies, and ensuring the overall success of the business. The Managing Director leads and manages a team of senior executives, providing guidance and support to achieve financial targets, operational efficiency, and market growth. They are also responsible for building and maintaining relationships with key stakeholders such as clients, investors, and government authorities. This position requires strong leadership skills, business acumen, and the ability to make critical decisions that impact the company's performance and reputation.
Skills: Managing Director, Executive Leadership, Strategic Management, Operational Efficiency, Financial Targets, Stakeholder Relations
Job industry: Business
Job industry: Business
How much does Managing Director make?
Salary details
How much does Managing Director make?Estimated Yearly Salary: 347,407 ETB
Estimated Monthly Salary: 28,951 ETB
Estimated Weekly Salary: 6,681 ETB per week
Estimated Hourly Salary: 167 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 335,280 ETBEstimated Monthly Salary: 27,940 ETB
Estimated Weekly Salary: 6,448 ETB per week
Estimated Hourly Salary: 161 ETB per hour
Last revision of data: 2024-01-05Managing Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,785 USD
Estimated Monthly Salary: 482 USD
Estimated Weekly Salary: 111 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Managing Director job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Managing Director in Ethiopia earns on average:
3.3 times the average salary (or 330% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Managing Director job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Managing Director in Ethiopia earns on average:
3.3 times the average salary (or 330% of average salary).
Is Managing Director a well paid job?
Yes, our data show that Managing Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Managing Director?
High salary for Managing Director would be somewhere between 382,148 ETB and 503,740 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Managing Director in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 347,407 ETB
Estimated Monthly Salary: 28,951 ETB
Estimated Weekly Salary: 6,681 ETB per week
Estimated Hourly Salary: 167 ETB per hour
By working as Managing Director a person can save up to 405 USD per month or 4,863 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Managing Director
Sudan is 2,287 USD
Kenya is 18,041 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Organic farmer (90,160 ETB per year, pre-tax.)
Waiter waitress (32,546 ETB per year, pre-tax.)
Estimator utilities (115,738 ETB per year, pre-tax.)
Army captain infantry (145,022 ETB per year, pre-tax.)
Litigation support specialist (102,266 ETB per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=ethiopia&job=managing-director'><img src='https://optisalary.com/wp-content/graphs/salary/managing-director-salary-in-ethiopia-2025.jpg' alt='managing director salary in ethiopia 2025' title='managing director salary in ethiopia 2025' /></a>
Please note:Salary data displayed on this site is informational only.
The salary data on this site is designed for reference purposes exclusively. We offer salary insights derived from multiple datasets, but do not guarantee complete accuracy. Users should always verify salary details with other reliable sources before making financial choices. Fluctuations in salary figures may occur due to several circumstances, including company policies, market demand, and individual skills. We do not offer any warranty regarding the entirety of the displayed salary information. Use of optisalary.com constitutes acceptance of these conditions.
This website compiles salary information for reference purposes only. While we endeavor to present accurate figures, we cannot warrant their full reliability. Users are strongly encouraged to check with additional sources before making career-related plans. Salary figures vary based on multiple factors, such as industry trends, negotiation power, and regional demand. We make no guarantees as to the correctness of the provided information. Your access of this site acknowledges acceptance of this notice.