Home > Salary > Sri Lanka > Market Development Manager
A Market Development Manager is responsible for identifying and pursuing new business opportunities in order to expand and penetrate markets. They conduct market research to identify potential customers and develop strategies to attract and retain them. They analyze market trends, competitor activities, and customer needs to develop sales and marketing plans. They also collaborate with cross-functional teams to develop and launch new products or services.
Estimated Yearly Salary: 2,931,843 LKR
Estimated Monthly Salary: 244,320 LKR
Estimated Weekly Salary: 56,382 LKR per week
Estimated Hourly Salary: 1,410 LKR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 235,179 LKR
Estimated Weekly Salary: 54,272 LKR per week
Estimated Hourly Salary: 1,357 LKR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 8,427 USD
Estimated Monthly Salary: 702 USD
Estimated Weekly Salary: 162 USD per week
Estimated Hourly Salary: 4 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: 2,931,843 LKR
Estimated Monthly Salary: 244,320 LKR
Estimated Weekly Salary: 56,382 LKR per week
Estimated Hourly Salary: 1,410 LKR per hour
By working as Market Development Manager a person can save up to 478 USD per month or 5,734 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 Sri Lanka, see costs of living in Sri Lanka.
Estimated Yearly Salary for Market Development Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Market Development Manager salary in Sri Lanka
Average Yearly Salary of Market Development Manager in Sri Lanka is approximately 2,931,843 LKR (8,427 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 Market Development Manager do?
A Market Development Manager is responsible for identifying and pursuing new business opportunities in order to expand and penetrate markets. They conduct market research to identify potential customers and develop strategies to attract and retain them. They analyze market trends, competitor activities, and customer needs to develop sales and marketing plans. They also collaborate with cross-functional teams to develop and launch new products or services.
Skills: Market Research, Business Development, Sales Strategy, Market Analysis, Customer Acquisition, Product Launch
Job industry: Sales and marketing
Job industry: Sales and marketing
How much does Market Development Manager make?
Salary details
How much does Market Development Manager make?Estimated Yearly Salary: 2,931,843 LKR
Estimated Monthly Salary: 244,320 LKR
Estimated Weekly Salary: 56,382 LKR per week
Estimated Hourly Salary: 1,410 LKR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,822,151 LKREstimated Monthly Salary: 235,179 LKR
Estimated Weekly Salary: 54,272 LKR per week
Estimated Hourly Salary: 1,357 LKR per hour
Last revision of data: 2024-01-03Market Development Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,427 USD
Estimated Monthly Salary: 702 USD
Estimated Weekly Salary: 162 USD per week
Estimated Hourly Salary: 4 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
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Country:
Salary comparison to National average
Sri Lanka, officially known as the Democratic Socialist Republic of Sri Lanka, is an island country located in South Asia. It has a population of approximately 21 million people and covers an area of around 65,610 square kilometers. The country is known for its diverse landscapes, including sandy beaches, lush forests, and scenic mountains.
Estimated national average yearly salary is 1,785,046 LKR (5,610 USD). Value indicated is pre-tax. Below graph shows estimated Market Development Manager job salary compared to average salary in Sri Lanka.
Comparison shows that a person working as Market Development Manager in Sri Lanka earns on average:
1.64 times the average salary (or 164% of average salary).
Estimated national average yearly salary is 1,785,046 LKR (5,610 USD). Value indicated is pre-tax. Below graph shows estimated Market Development Manager job salary compared to average salary in Sri Lanka.
Comparison shows that a person working as Market Development Manager in Sri Lanka earns on average:
1.64 times the average salary (or 164% of average salary).
Is Market Development Manager a well paid job?
Yes, our data shows that Market Development Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Market Development Manager?
High salary for Market Development Manager would be somewhere between 3,225,027 LKR and 4,251,172 LKR. However this is an estimation based on Gaussian Distribution.How much can you save working as Market Development Manager in Sri Lanka?
Living in Sri Lanka the approximate monthly expenses are: 224 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: 2,931,843 LKR
Estimated Monthly Salary: 244,320 LKR
Estimated Weekly Salary: 56,382 LKR per week
Estimated Hourly Salary: 1,410 LKR per hour
By working as Market Development Manager a person can save up to 478 USD per month or 5,734 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 Sri Lanka, see costs of living in Sri Lanka.
Salary comparison to region and neighbouring coutries
Country's neighbours are: India, Maldives. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Market Development Manager
India is 33,619 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 Sri Lanka
(20,273,886 LKR per year, pre-tax.)
2. Cardiologist
(16,965,724 LKR per year, pre-tax.)
(16,365,126 LKR per year, pre-tax.)
4. Neurosurgeon
(15,798,117 LKR per year, pre-tax.)
(15,785,379 LKR per year, pre-tax.)
6. Urologist
(15,470,862 LKR per year, pre-tax.)
(15,460,527 LKR per year, pre-tax.)
(15,421,430 LKR per year, pre-tax.)
(15,391,640 LKR per year, pre-tax.)
10. Oncologist
(15,389,631 LKR per year, pre-tax.)
Data as of 2025Random salary:
Banking electronic transfer coordinator (1,603,752 LKR per year, pre-tax.)
Machine shop foreman (1,435,284 LKR per year, pre-tax.)
Senior electronics assembler (1,513,615 LKR per year, pre-tax.)
Motor vehicle supervisor (1,267,351 LKR per year, pre-tax.)
Medical equipment technician (1,230,809 LKR per year, pre-tax.)
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