Chief Executive Officer Average Salary in Baku 2024
How much money does a person working as Chief Executive Officer make in Baku?
LOW
4,020
AZN AVERAGE
7,740
AZN HIGH
11,800
AZN
A person working as Chief Executive Officer in Baku typically earns around 7,740 AZN. Salaries range from 4,020 AZN (lowest) to 11,800 AZN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Chief Executive Officer salaries in Baku vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Executive Officer Pay Scale and Salaries in Baku
Salary Structure and Pay Scale Comparison
7,010 AZN or more
6,240 to 7,010 AZN
4,560 AZN or less
4,560 to 6,240 AZN
 4,020 AZN |
7,040 AZN |
11,800 AZN |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Chief Executive Officer in Baku range from 4,020 AZN (starting salary) to 11,800 AZN (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 7,040 AZN, half of the professionals who work as Chief Executive Officer in Baku earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Chief Executive Officer in Baku earn less than 5,840 AZN, while 75% earn more. Similarly, the chart shows that 75% earn less than 7,980 AZN while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Chief Executive Officer in Baku compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,560 AZN to 6,240 AZN. About 20% of salaries are below the 4,560 AZN mark, while 10% fall within the range of 6,240 AZN to 7,010 AZN. Only 5% of individuals have salaries exceeding 7,010 AZN.
Salary Comparison by Years of Experience / Chief Executive Officer / Baku
How do experience and age affect pay?
| 0 - 2 Years | 4,570 AZN | |
| 2 - 5 Years | +34% | 6,130 AZN |
| 5 - 10 Years | +30% | 7,970 AZN |
| 10 - 15 Years | +21% | 9,650 AZN |
| 15 - 20 Years | +9% | 10,500 AZN |
| 20+ Years | +5% | 11,100 AZN |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Chief Executive Officer and this is what we found.
Employees with less than two years of experience earn approximately 4,570 AZN.
While someone with an experience level between two and five years is expected to earn 6,130 AZN, 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 7,970 AZN, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,650 AZN, 21% 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 10,500 AZN, 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 11,100 AZN, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Chief Executive Officer / Baku
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Chief Executive Officer.
| High School | 4,340 AZN | |
| Certificate or Diploma | +18% | 5,120 AZN |
| Bachelor's Degree | +35% | 6,910 AZN |
| Master's Degree | +44% | 9,960 AZN |
| PhD | +18% | 11,800 AZN |
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 salaries by education level for the position Chief Executive Officer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 4,340 AZN.
Level 2: Certificate or Diploma
At this level, the average salary becomes 5,120 AZN, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 6,910 AZN, 35% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 9,960 AZN, 44% more than the previous level.
Level 5: PhD
At this level, the average salary becomes 11,800 AZN, 18% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Azerbaijan costs anywhere from 14,800 AZN to 44,400 AZN and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Chief Executive Officer / Baku
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Chief Executive Officer in Azerbaijan, the average difference between the salary of male and female employees is nan%.
| Male | 0 AZN | |
| Female | 0 AZN |
Salary Comparison By Gender in Azerbaijan for all Careers
Average Annual Salary Increment Percentage / Chief Executive Officer / Baku
How much are annual salary increments in Baku for individuals working as Chief Executive Officer? How often do employees get salary raises?
Individuals working as Chief Executive Officer in Azerbaijan are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Azerbaijan / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Chief Executive Officer / Azerbaijan
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Chief Executive Officer / Baku
45 AZN per hourThe average hourly wage (pay per hour) for individuals working as Chief Executive Officer in Baku is 45 AZN.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Chief Executive Officer in Baku is 23 AZN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Executive and Management |  -100% | |
| Account Coordinator | 2,970 AZN | -62% |
| Account Director | 3,860 AZN | -50% |
| Account Executive | 3,660 AZN | -53% |
| Account Manager | 3,470 AZN | -55% |
| Administration Manager | 3,780 AZN | -51% |
| Administration Officer | 2,030 AZN | -74% |
| Administration Supervisor | 3,210 AZN | -59% |
| Administrative Clerk | 1,480 AZN | -81% |
| Administrative Officer | 1,550 AZN | -80% |
| Area Director | 3,450 AZN | -55% |
| Area Manager | 3,450 AZN | -55% |
| Asset Protection Associate | 4,150 AZN | -46% |
| Assistant Director | 3,820 AZN | -51% |
| Assistant General Manager | 3,980 AZN | -49% |
| Assistant Manager | 4,280 AZN | -45% |
| Assistant Managing Director | 4,550 AZN | -41% |
| Assistant Operations Manager | 4,400 AZN | -43% |
| Assistant Project Manager | 4,030 AZN | -48% |
| Assistant Section Head | 3,400 AZN | -56% |
| Assistant to CEO | 3,670 AZN | -53% |
| Assistant Vice President | 4,090 AZN | -47% |
| Associate Account Director | 3,960 AZN | -49% |
| Associate Director | 4,050 AZN | -48% |
| Bid Manager | 4,610 AZN | -40% |
| Branch Manager | 4,390 AZN | -43% |
| Business Development Manager | 4,830 AZN | -38% |
| Business Operations Associate | 4,100 AZN | -47% |
| Business Operations Lead | 3,860 AZN | -50% |
| Campaign Manager | 4,150 AZN | -46% |
| Catering Coordinator | 2,430 AZN | -69% |
| Catering Manager | 4,010 AZN | -48% |
| CEO | 7,170 AZN | -7% |
| Chairman of The Board | 7,490 AZN | -3% |
| Chairman Office Manager | 4,970 AZN | -36% |
| Chief Commercial Officer | 5,410 AZN | -30% |
| Chief Corporate Officer | 6,150 AZN | -21% |
| Chief Digital Officer | 5,330 AZN | -31% |
| Chief Digital Strategy Officer | 5,480 AZN | -29% |
| Chief Digital Transformation Officer | 5,170 AZN | -33% |
| Chief Ethics Officer | 4,330 AZN | -44% |
| Chief Executive Officer | 7,740 AZN |  +0% |
| Chief Financial Officer | 6,590 AZN | -15% |
| Chief Investment Officer | 5,350 AZN | -31% |
| Chief of Staff | 3,580 AZN | -54% |
| Chief Operating Officer | 5,850 AZN | -24% |
| Chief Privacy Officer | 4,560 AZN | -41% |
| Chief Resilience Officer | 5,430 AZN | -30% |
| Chief Risk Officer | 4,650 AZN | -40% |
| Chief Strategy Officer | 6,230 AZN | -19% |
| Chief Trust and Safety Officer | 4,850 AZN | -37% |
| Client Account Manager | 4,660 AZN | -40% |
| Client Accounts Officer | 3,960 AZN | -49% |
| Client Services Manager | 4,970 AZN | -36% |
| Commercial Director | 5,300 AZN | -31% |
| Commercial Manager | 4,400 AZN | -43% |
| Commercial Project Manager | 4,140 AZN | -46% |
| Commodity Broker | 3,110 AZN | -60% |
| COO | 5,430 AZN | -30% |
| Corporate Affairs Executive | 4,420 AZN | -43% |
| Corporate Compliance Director | 5,120 AZN | -34% |
| Corporate Director | 4,910 AZN | -37% |
| Corporate Officer | 3,360 AZN | -57% |
| Corporate Partnerships Officer | 3,630 AZN | -53% |
| Country Manager | 5,990 AZN | -23% |
| Department Head | 4,560 AZN | -41% |
| Department Manager | 4,600 AZN | -41% |
| Department Supervisor | 4,010 AZN | -48% |
| Deputy Director | 5,120 AZN | -34% |
| Deputy Manager | 5,200 AZN | -33% |
| Director | 5,980 AZN | -23% |
| Director of Accreditation | 4,840 AZN | -37% |
| Director of Catering Services | 4,390 AZN | -43% |
| Director of Client Services | 5,020 AZN | -35% |
| Director of Facilities Management | 4,060 AZN | -48% |
| Director of Operations | 5,090 AZN | -34% |
| Director of Process Simplification | 3,950 AZN | -49% |
| Director of Product Management | 4,730 AZN | -39% |
| Director of Project Management | 4,970 AZN | -36% |
| Director of Revenue Management | 4,750 AZN | -39% |
| Director of Training and Development | 4,850 AZN | -37% |
| Distribution Manager | 5,240 AZN | -32% |
| Division Manager | 4,490 AZN | -42% |
| Duty Manager | 4,090 AZN | -47% |
| Engagement Manager | 5,350 AZN | -31% |
| Executive Director | 7,600 AZN | -2% |
| Executive Manager | 6,040 AZN | -22% |
| Franchise Manager | 6,410 AZN | -17% |
| General Manager | 6,060 AZN | -22% |
| Generational Consultant | 4,020 AZN | -48% |
| Global Master Data Manager | 5,270 AZN | -32% |
| Global Technical Lead | 3,600 AZN | -53% |
| Head of Investment | 5,130 AZN | -34% |
| Head of Middle Office | 4,660 AZN | -40% |
| Head of Projects | 4,770 AZN | -38% |
| Head of Strategy | 5,470 AZN | -29% |
| Head of Supply Chain | 4,500 AZN | -42% |
| Head of Sustainability | 4,170 AZN | -46% |
| Housing Manager | 4,140 AZN | -46% |
| HSE Manager | 4,110 AZN | -47% |
| Innovation Manager | 4,320 AZN | -44% |
| Key Account Manager | 4,160 AZN | -46% |
| Knowledge Manager | 5,010 AZN | -35% |
| Location Manager | 4,800 AZN | -38% |
| Logistics Executive | 3,740 AZN | -52% |
| Logistics Manager | 3,760 AZN | -51% |
| Management Consultant | 4,150 AZN | -46% |
| Management Executive | 5,430 AZN | -30% |
| Manager | 4,910 AZN | -37% |
| Managing Director | 5,750 AZN | -26% |
| MIS Executive | 4,920 AZN | -36% |
| Ocean Services Manager | 5,450 AZN | -30% |
| Online Business Manager | 6,840 AZN | -12% |
| Operational Manager | 5,200 AZN | -33% |
| Operations Analyst | 4,410 AZN | -43% |
| Operations Assistant | 3,720 AZN | -52% |
| Operations Director | 5,710 AZN | -26% |
| Operations Executive | 5,610 AZN | -27% |
| Operations Manager | 5,530 AZN | -29% |
| Operations Supervisor | 4,820 AZN | -38% |
| Planning Director | 5,110 AZN | -34% |
| PMO Manager | 4,890 AZN | -37% |
| Policy Administration Executive | 4,100 AZN | -47% |
| Private Sector Executive | 4,440 AZN | -43% |
| Product Development Manager | 5,180 AZN | -33% |
| Product Executive | 4,330 AZN | -44% |
| Production Executive | 4,920 AZN | -36% |
| Production Manager | 5,110 AZN | -34% |
| Production Supervisor | 4,280 AZN | -45% |
| Program Director | 5,000 AZN | -35% |
| Program Manager | 5,370 AZN | -31% |
| Programme Coordinator | 3,640 AZN | -53% |
| Project Control Manager | 4,980 AZN | -36% |
| Project Coordinator | 3,240 AZN | -58% |
| Project Management Officer | 3,680 AZN | -52% |
| Project Manager | 3,690 AZN | -52% |
| Project Portfolio Manager | 4,190 AZN | -46% |
| Quality Manager | 4,020 AZN | -48% |
| R/D Director | 4,450 AZN | -42% |
| Regional Director | 6,890 AZN | -11% |
| Regional Manager | 5,000 AZN | -35% |
| Relationship Manager | 5,020 AZN | -35% |
| Retail District Manager | 3,370 AZN | -56% |
| Revenue Manager | 3,890 AZN | -50% |
| Risk and Capital Manager | 5,830 AZN | -25% |
| Risk Officer | 3,930 AZN | -49% |
| Safety Manager | 3,720 AZN | -52% |
| Section Head | 3,890 AZN | -50% |
| Service Manager | 3,980 AZN | -49% |
| Shift Supervisor | 2,990 AZN | -61% |
| Solutions Manager | 3,700 AZN | -52% |
| Supervisor | 3,150 AZN | -59% |
| Supply Chain Manager | 5,410 AZN | -30% |
| Surveyor | 3,430 AZN | -56% |
| Technical Director | 4,820 AZN | -38% |
| Technical Manager | 4,660 AZN | -40% |
| Territory Manager | 4,840 AZN | -37% |
| Validation Manager | 4,350 AZN | -44% |
| Vice President | 6,220 AZN | -20% |
| Zone Manager | 5,410 AZN | -30% |
Salary Comparison By City
| City | Average Salary |
| Baku | 7,740 AZN |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Azerbaijan is 10% on average across all career fields.
| Private Sector | 2,800 AZN | |
| Public Sector | +10% | 3,070 AZN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Chief Executive Officer in Baku?
A good and competitive compensation would range anywhere between 7,040 AZN and 7,980 AZN. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Chief Executive Officer in Baku ranges from 4,020 AZN to 5,840 AZN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
