Internet of Things (IoT) Specialist Average Salary in Colombo 2024
How much money does a person working as Internet of Things (IoT) Specialist make in Colombo?
LOW
45,800
LKR AVERAGE
99,500
LKR HIGH
158,000
LKR
A person working as Internet of Things (IoT) Specialist in Colombo typically earns around 99,500 LKR. Salaries range from 45,800 LKR (lowest) to 158,000 LKR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Internet of Things (IoT) Specialist salaries in Colombo vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Internet of Things (IoT) Specialist Pay Scale and Salaries in Colombo
-specialist/median-and-salary-distribution-monthly-colombo-internet-of-things-(iot)-specialist.jpg "Median and salary distribution Colombo Internet of Things (IoT) Specialist monthly")
Salary Structure and Pay Scale Comparison
94,400 LKR or more
82,700 to 94,400 LKR
56,900 LKR or less
56,900 to 82,700 LKR
 45,800 LKR |
95,100 LKR |
158,000 LKR |
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 Internet of Things (IoT) Specialist in Colombo range from 45,800 LKR (starting salary) to 158,000 LKR (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 95,100 LKR, half of the professionals who work as Internet of Things (IoT) Specialist in Colombo 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 Internet of Things (IoT) Specialist in Colombo earn less than 76,600 LKR, while 75% earn more. Similarly, the chart shows that 75% earn less than 110,000 LKR 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 Internet of Things (IoT) Specialist in Colombo compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 56,900 LKR to 82,700 LKR. About 20% of salaries are below the 56,900 LKR mark, while 10% fall within the range of 82,700 LKR to 94,400 LKR. Only 5% of individuals have salaries exceeding 94,400 LKR.
Salary Comparison by Years of Experience / Internet of Things (IoT) Specialist / Colombo
How do experience and age affect pay?
| 0 - 2 Years | 51,900 LKR | |
| 2 - 5 Years | +34% | 69,400 LKR |
| 5 - 10 Years | +48% | 103,000 LKR |
| 10 - 15 Years | +22% | 125,000 LKR |
| 15 - 20 Years | +9% | 136,000 LKR |
| 20+ Years | +8% | 148,000 LKR |
-specialist/salary-comparison-by-years-of-experience-monthly-colombo-internet-of-things-(iot)-specialist.jpg "Salary comparison by years of experience monthly Colombo Internet of Things (IoT) Specialist")
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 Internet of Things (IoT) Specialist and this is what we found.
Employees with less than two years of experience earn approximately 51,900 LKR.
While someone with an experience level between two and five years is expected to earn 69,400 LKR, 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 103,000 LKR, 48% 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 125,000 LKR, 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 136,000 LKR, 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 148,000 LKR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Internet of Things (IoT) Specialist / Colombo
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Internet of Things (IoT) Specialist.
| High School | 63,800 LKR | |
| Certificate or Diploma | +18% | 75,000 LKR |
| Bachelor's Degree | +45% | 109,000 LKR |
| Master's Degree | +31% | 142,000 LKR |
-specialist/salary-comparison-by-education-level-monthly-colombo-internet-of-things-(iot)-specialist.jpg "Salary comparison by education level monthly Colombo Internet of Things (IoT) Specialist")
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 Internet of Things (IoT) Specialist in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 63,800 LKR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 75,000 LKR, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 109,000 LKR, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 142,000 LKR, 31% 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 Sri Lanka costs anywhere from 450,000 LKR to 1,350,000 LKR 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 / Internet of Things (IoT) Specialist / Colombo
-specialist/salary-comparison-by-gender-monthly-sri-lanka-internet-of-things-(iot)-specialist.jpg "Salary comparison by gender Sri Lanka Internet of Things (IoT) Specialist monthly")
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 Internet of Things (IoT) Specialist in Sri Lanka, the average difference between the salary of male and female employees is 10%.
| Male | 95,700 LKR | |
| Female | -9% | 86,900 LKR |
Salary Comparison By Gender in Sri Lanka for all Careers
Average Annual Salary Increment Percentage / Internet of Things (IoT) Specialist / Colombo
How much are annual salary increments in Colombo for individuals working as Internet of Things (IoT) Specialist? How often do employees get salary raises?
Individuals working as Internet of Things (IoT) Specialist in Sri Lanka are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
-specialist/annual-salary-increment-rate-sri-lanka-internet-of-things-(iot)-specialist.jpg "Annual Salary Increment Rate Sri Lanka Internet of Things (IoT) Specialist")
Sri Lanka / 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 / Internet of Things (IoT) Specialist / Sri Lanka
How much and how often are bonuses being awarded?-specialist/annual-salary-bonus-rate-sri-lanka-internet-of-things-(iot)-specialist.jpg "Annual Salary Bonus Rate Sri Lanka Internet of Things (IoT) Specialist")
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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 / Internet of Things (IoT) Specialist / Colombo
570 LKR per hourThe average hourly wage (pay per hour) for individuals working as Internet of Things (IoT) Specialist in Colombo is 570 LKR.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 Internet of Things (IoT) Specialist in Colombo is 260 LKR. 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 |
| Science and Technical Services |  -100% | |
| 3D Lab Technologist | 98,800 LKR | -1% |
| 3D Printing Specialist | 88,100 LKR | -11% |
| Algorithm Developer | 133,000 LKR |  +34% |
| Analytical Chemist | 182,000 LKR | +83% |
| Anthropologist | 144,000 LKR | +45% |
| Archeologist | 128,000 LKR | +29% |
| Assistant Breeder | 65,800 LKR | -34% |
| Astronomer | 231,000 LKR | +130% |
| Atmospheric and Space Scientist | 181,000 LKR | +82% |
| Behavior Analyst | 121,000 LKR | +22% |
| Behavior Intervention Specialist | 144,000 LKR | +45% |
| Behavior Specialist | 131,000 LKR | +32% |
| Biochemist | 212,000 LKR | +110% |
| Biofuels Processing Technician | 85,900 LKR | -14% |
| Biofuels Production Manager | 149,000 LKR | +50% |
| Biologist | 211,000 LKR | +110% |
| Biomedical Laboratory Officer | 87,200 LKR | -12% |
| Biomedical Scientist | 223,000 LKR | +120% |
| Biophysicist | 216,000 LKR | +120% |
| Chemical Engineer | 105,000 LKR | +6% |
| Chemical Technologist | 96,400 LKR | -3% |
| Chemist | 194,000 LKR | +95% |
| Chief Robotics Integration Officer | 159,000 LKR | +60% |
| Chief Technologist | 192,000 LKR | +93% |
| Climate Change Analyst | 135,000 LKR | +36% |
| Clinical Laboratory Scientist | 218,000 LKR | +120% |
| Computer Scientist | 160,000 LKR | +61% |
| Conservation Scientist | 170,000 LKR | +71% |
| Data Science Specialist | 137,000 LKR | +38% |
| Data Scientist | 165,000 LKR | +66% |
| DNA Analyst | 206,000 LKR | +110% |
| Ecologist | 161,000 LKR | +62% |
| Economic Development Specialist | 159,000 LKR | +60% |
| Flavourist | 68,200 LKR | -31% |
| Food Scientist | 139,000 LKR | +40% |
| Forensic Scientist | 181,000 LKR | +82% |
| Formulation Technologist | 81,600 LKR | -18% |
| Fraud Investigator | 98,900 LKR | -1% |
| Genomics Scientist | 210,000 LKR | +110% |
| Geographer | 111,000 LKR | +12% |
| Geographic Information Systems Technician | 77,000 LKR | -23% |
| Geological Data Technician | 72,800 LKR | -27% |
| Geological Technician | 85,400 LKR | -14% |
| Geologist | 185,000 LKR | +86% |
| Geomatics Scientist | 176,000 LKR | +77% |
| Geophysical Data Technician | 72,700 LKR | -27% |
| Geospatial Information Scientist and Technologist | 161,000 LKR | +62% |
| Global Technical Lead | 233,000 LKR | +130% |
| Hydrologist | 135,000 LKR | +36% |
| Industrial Ecologist | 144,000 LKR | +45% |
| Intelligence Analyst | 126,000 LKR | +27% |
| Internet of Things (IoT) Architect | 112,000 LKR | +13% |
| Internet of Things (IoT) Compliance Analyst | 114,000 LKR | +15% |
| Internet of Things (IoT) Consultant | 119,000 LKR | +20% |
| Internet of Things (IoT) Engineer | 108,000 LKR | +9% |
| Internet of Things (IoT) Integration Specialist | 113,000 LKR | +14% |
| Internet of Things (IoT) Logistics Analyst | 89,000 LKR | -11% |
| Internet of Things (IoT) Security Analyst | 89,900 LKR | -10% |
| Internet of Things (IoT) Specialist | 99,500 LKR | +0% |
| Internet of Things (IoT) Technician | 82,200 LKR | -17% |
| Knowledge Management Specialist | 102,000 LKR | +3% |
| Lab Analyst | 90,200 LKR | -9% |
| Lab Manager | 144,000 LKR | +45% |
| Lab Technician | 63,300 LKR | -36% |
| Laboratory Manager | 147,000 LKR | +48% |
| Laboratory Researcher | 101,000 LKR | +2% |
| Laboratory Technician | 64,800 LKR | -35% |
| Life Sciences Analyst | 139,000 LKR | +40% |
| Life Scientist | 166,000 LKR | +67% |
| Marine Architect | 140,000 LKR | +41% |
| Marine Biologist | 147,000 LKR | +48% |
| Marine Superintendent | 92,700 LKR | -7% |
| Materials Analyst | 92,100 LKR | -7% |
| Materials Scientist | 154,000 LKR | +55% |
| Mathematician | 176,000 LKR | +77% |
| Medical Scientist | 229,000 LKR | +130% |
| Metallurgist | 153,000 LKR | +54% |
| Meteorologist | 150,000 LKR | +51% |
| Microbiologist | 237,000 LKR | +140% |
| Natural Language Processing Researcher | 141,000 LKR | +42% |
| Natural Resource Specialist | 125,000 LKR | +26% |
| Natural Resources Analyst | 132,000 LKR | +33% |
| Natural Sciences Manager | 200,000 LKR | +100% |
| Neurotechnology Specialist | 189,000 LKR | +90% |
| Nuclear Engineer | 237,000 LKR | +140% |
| Physical Scientist | 167,000 LKR | +68% |
| Physicist | 212,000 LKR | +110% |
| Political Scientist | 164,000 LKR | +65% |
| Polygraph Examiner | 56,500 LKR | -43% |
| Polysomnographic Technologist | 104,000 LKR | +5% |
| Product Development Scientist | 181,000 LKR | +82% |
| Quantitative Research Analyst | 149,000 LKR | +50% |
| Quantitative Researcher | 145,000 LKR | +46% |
| Quantum Algorithm Developer | 129,000 LKR | +30% |
| Quantum Computing Engineer | 114,000 LKR | +15% |
| Quantum Computing Ethics Officer | 105,000 LKR | +6% |
| Quantum Computing Specialist | 118,000 LKR | +19% |
| Radiation Protection Specialist | 115,000 LKR | +16% |
| Refrigeration Technician | 49,400 LKR | -50% |
| Research Scientist | 160,000 LKR | +61% |
| Risk Safety Engineer | 99,900 LKR | +0% |
| Robotics Architect | 126,000 LKR | +27% |
| Scientific Photographer | 94,300 LKR | -5% |
| Scientific Programmer | 131,000 LKR | +32% |
| Scientist | 150,000 LKR | +51% |
| Service Engineer | 96,700 LKR | -3% |
| Service Technician | 67,500 LKR | -32% |
| Social Science Research Assistant | 87,200 LKR | -12% |
| Social Scientist | 174,000 LKR | +75% |
| Sociologist | 164,000 LKR | +65% |
| Soil Scientist | 135,000 LKR | +36% |
| Statistical Analyst | 96,700 LKR | -3% |
| Statistical Assistant | 69,000 LKR | -31% |
| Statistician | 146,000 LKR | +47% |
| Survey Analyst | 88,400 LKR | -11% |
| Survey Researcher | 88,900 LKR | -11% |
| Surveying and Mapping Technician | 59,200 LKR | -40% |
| Team Leader | 137,000 LKR | +38% |
| Technical Manager | 151,000 LKR | +52% |
| Technical Officer | 66,200 LKR | -33% |
| Technical Service Director | 188,000 LKR | +89% |
| Technical Services Regulatory Affairs Specialist | 94,500 LKR | -5% |
| Technical Services Research and Development Manager | 221,000 LKR | +120% |
| Technical Services Research Associate | 110,000 LKR | +11% |
| Technical Services Research Coordinator | 108,000 LKR | +9% |
| Technician | 62,600 LKR | -37% |
| Water Ecologist | 179,000 LKR | +80% |
| Wearable Technology Developer | 113,000 LKR | +14% |
| Wearables Specialist | 94,400 LKR | -5% |
| Wildlife Biologist | 148,000 LKR | +49% |
Salary Comparison By City
| City | Average Salary |
| Colombo | 99,500 LKR |
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 Sri Lanka is 8% on average across all career fields.
| Private Sector | 86,300 LKR | |
| Public Sector | +8% | 92,900 LKR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Internet of Things (IoT) Specialist in Colombo?
A good and competitive compensation would range anywhere between 95,100 LKR and 110,000 LKR. 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 Internet of Things (IoT) Specialist in Colombo ranges from 45,800 LKR to 76,600 LKR. 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
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