The average Development Manager salary is $98,438 per year with entry-level jobs starting around $75,678 and experienced professionals making up to $136,928 annually. These results are based on 339 individual salary records collected directly from employers and anonymous employees in United States.
The development manager position has never been that popular. Because of that most people don’t know the description and responsibilities of a typical development manager. The reason you probably heard about this position before is that if you are currently working as a web developer, at some point in your career you will be (or already are) managing other developers in a company.
Salary for development manager
A person working as a Business Development Manager in Lagos typically earns around 549,000 NGN per month. Salaries range from 252,000 NGN (lowest) to 872,000 NGN (highest).
This is the average monthly salary including housing, transport, and other benefits. Business Development Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Business Development Manager Salary Distribution in Lagos
The median, the maximum, the minimum, and the range
- Salary RangeBusiness Development Manager salaries in Lagos range from 252,000 NGN per month (minimum salary) to 872,000 NGN per month (maximum salary).
- Median SalaryThe median salary is 593,000 NGN per month, which means that half (50%) of people working as Business Development Manager(s) are earning less than 593,000 NGN while the other half are earning more than 593,000 NGN. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Business Development Manager(s) are earning less than 380,000 NGN while 75% of them are earning more than 380,000 NGN. Also from the diagram, 75% of Business Development Manager(s) are earning less than 791,000 NGN while 25% are earning more than 791,000 NGN.
Business Development Manager Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Business Development Manager salaries by experience level and this is what we found.
A Business Development Manager with less than two years of experience makes approximately 286,000 NGN per month.
While someone with an experience level between two and five years is expected to earn 383,000 NGN per month, 34% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 565,000 NGN per month, 48% more than someone with two to five years of experience.
Additionally, Business Development Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 689,000 NGN per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 751,000 NGN per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 813,000 NGN per month, 8% more than people with fifteen to twenty years of experience.
Business Development Manager average salary change by experience in Lagos
| 0 – 2 Years | 286,000 NGN | |
| 2 – 5 Years | +34% | 383,000 NGN |
| 5 – 10 Years | +48% | 565,000 NGN |
| 10 – 15 Years | +22% | 689,000 NGN |
| 15 – 20 Years | +9% | 751,000 NGN |
| 20+ Years | +8% | 813,000 NGN |
Percentage increase and decrease are relative to the previous value
Business Development Manager Salary Comparison By Education
How do education levels affect salaries?
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Business Development Manager salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Business Development Manager is 352,000 NGN per month.
While someone with a Certificate or Diploma gets a salary of 414,000 NGN per month, 18% more than someone having a High School degree.
A Bachelor’s Degree gets its holder an average salary of 600,000 NGN per month, 45% more than someone with a Certificate or Diploma.
Professionals who hold a Master’s Degree are rewarded with an average salary of 786,000 NGN per month, 31% more than someone with Bachelor’s Degree.
Business Development Manager average salary difference by education level in Lagos
| High School | 352,000 NGN | |
| Certificate or Diploma | +18% | 414,000 NGN |
| Bachelor’s Degree | +45% | 600,000 NGN |
| Master’s Degree | +31% | 786,000 NGN |
Percentage increase and decrease are relative to the previous value
