Associate Account Director Average Salary in Lagos 2024
How much money does a person working as Associate Account Director make in Lagos?
LOW
207,000
NGN AVERAGE
414,000
NGN HIGH
641,000
NGN
A person working as Associate Account Director in Lagos typically earns around 414,000 NGN. Salaries range from 207,000 NGN (lowest) to 641,000 NGN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Associate Account Director salaries in Lagos vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Associate Account Director Pay Scale and Salaries in Lagos
Salary Structure and Pay Scale Comparison
381,000 NGN or more
337,000 to 381,000 NGN
242,000 NGN or less
242,000 to 337,000 NGN
 207,000 NGN |
383,000 NGN |
641,000 NGN |
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 Associate Account Director in Lagos range from 207,000 NGN (starting salary) to 641,000 NGN (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 383,000 NGN, half of the professionals who work as Associate Account Director in Lagos 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 Associate Account Director in Lagos earn less than 314,000 NGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 436,000 NGN 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 Associate Account Director in Lagos compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 242,000 NGN to 337,000 NGN. About 20% of salaries are below the 242,000 NGN mark, while 10% fall within the range of 337,000 NGN to 381,000 NGN. Only 5% of individuals have salaries exceeding 381,000 NGN.
Salary Comparison by Years of Experience / Associate Account Director / Lagos
How do experience and age affect pay?
| 0 - 2 Years | 248,000 NGN | |
| 2 - 5 Years | +32% | 328,000 NGN |
| 5 - 10 Years | +34% | 439,000 NGN |
| 10 - 15 Years | +19% | 524,000 NGN |
| 15 - 20 Years | +8% | 565,000 NGN |
| 20+ Years | +7% | 606,000 NGN |
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 Associate Account Director and this is what we found.
Employees with less than two years of experience earn approximately 248,000 NGN.
While someone with an experience level between two and five years is expected to earn 328,000 NGN, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 439,000 NGN, 34% 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 524,000 NGN, 19% 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 565,000 NGN, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 606,000 NGN, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Associate Account Director / Lagos
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Associate Account Director.
| High School | 311,000 NGN | |
| Certificate or Diploma | +14% | 355,000 NGN |
| Bachelor's Degree | +36% | 480,000 NGN |
| Master's Degree | +26% | 606,000 NGN |
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 Associate Account Director in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 311,000 NGN.
Level 2: Certificate or Diploma
At this level, the average salary becomes 355,000 NGN, 14% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 480,000 NGN, 36% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 606,000 NGN, 26% 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 Nigeria costs anywhere from 1,700,000 NGN to 5,100,000 NGN 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 / Associate Account Director / Lagos
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 Associate Account Director in Nigeria, the average difference between the salary of male and female employees is 9%.
| Male | 400,000 NGN | |
| Female | -9% | 365,000 NGN |
Salary Comparison By Gender in Nigeria for all Careers
Average Annual Salary Increment Percentage / Associate Account Director / Lagos
How much are annual salary increments in Lagos for individuals working as Associate Account Director? How often do employees get salary raises?
Individuals working as Associate Account Director in Nigeria are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.
Nigeria / 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 / Associate Account Director / Nigeria
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 / Associate Account Director / Lagos
2,390 NGN per hourThe average hourly wage (pay per hour) for individuals working as Associate Account Director in Lagos is 2,390 NGN.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 Associate Account Director in Lagos is 1,190 NGN. 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 | 327,000 NGN | -21% |
| Account Director | 392,000 NGN | -5% |
| Account Executive | 401,000 NGN | -3% |
| Account Manager | 379,000 NGN | -8% |
| Administration Manager | 392,000 NGN | -5% |
| Administration Officer | 209,000 NGN | -49% |
| Administration Supervisor | 327,000 NGN | -21% |
| Administrative Clerk | 157,000 NGN | -62% |
| Administrative Officer | 157,000 NGN | -62% |
| Area Director | 366,000 NGN | -12% |
| Area Manager | 366,000 NGN | -12% |
| Asset Protection Associate | 427,000 NGN |  +3% |
| Assistant Director | 401,000 NGN | -3% |
| Assistant General Manager | 427,000 NGN | +3% |
| Assistant Manager | 431,000 NGN | +4% |
| Assistant Managing Director | 479,000 NGN | +16% |
| Assistant Operations Manager | 457,000 NGN | +10% |
| Assistant Project Manager | 409,000 NGN | -1% |
| Assistant Section Head | 340,000 NGN | -18% |
| Assistant to CEO | 379,000 NGN | -8% |
| Assistant Vice President | 435,000 NGN | +5% |
| Associate Account Director | 414,000 NGN | +0% |
| Associate Director | 414,000 NGN | +0% |
| Bid Manager | 466,000 NGN | +13% |
| Branch Manager | 448,000 NGN | +8% |
| Business Development Manager | 501,000 NGN | +21% |
| Business Operations Associate | 409,000 NGN | -1% |
| Business Operations Lead | 422,000 NGN | +2% |
| Campaign Manager | 453,000 NGN | +10% |
| Catering Coordinator | 251,000 NGN | -39% |
| Catering Manager | 405,000 NGN | -2% |
| CEO | 784,000 NGN | +90% |
| Chairman of The Board | 762,000 NGN | +84% |
| Chairman Office Manager | 501,000 NGN | +21% |
| Chief Commercial Officer | 566,000 NGN | +37% |
| Chief Corporate Officer | 631,000 NGN | +53% |
| Chief Digital Officer | 549,000 NGN | +33% |
| Chief Digital Strategy Officer | 559,000 NGN | +35% |
| Chief Digital Transformation Officer | 523,000 NGN | +26% |
| Chief Ethics Officer | 475,000 NGN | +15% |
| Chief Executive Officer | 784,000 NGN | +90% |
| Chief Financial Officer | 721,000 NGN | +74% |
| Chief Investment Officer | 579,000 NGN | +40% |
| Chief of Staff | 366,000 NGN | -12% |
| Chief Operating Officer | 588,000 NGN | +42% |
| Chief Privacy Officer | 502,000 NGN | +21% |
| Chief Resilience Officer | 575,000 NGN | +39% |
| Chief Risk Officer | 505,000 NGN | +22% |
| Chief Strategy Officer | 643,000 NGN | +55% |
| Chief Trust and Safety Officer | 491,000 NGN | +19% |
| Client Account Manager | 470,000 NGN | +14% |
| Client Accounts Officer | 396,000 NGN | -4% |
| Client Services Manager | 505,000 NGN | +22% |
| Commercial Director | 531,000 NGN | +28% |
| Commercial Manager | 483,000 NGN | +17% |
| Commercial Project Manager | 427,000 NGN | +3% |
| Commodity Broker | 327,000 NGN | -21% |
| COO | 588,000 NGN | +42% |
| Corporate Affairs Executive | 466,000 NGN | +13% |
| Corporate Compliance Director | 509,000 NGN | +23% |
| Corporate Director | 536,000 NGN | +30% |
| Corporate Officer | 366,000 NGN | -12% |
| Corporate Partnerships Officer | 379,000 NGN | -8% |
| Country Manager | 610,000 NGN | +47% |
| Department Head | 479,000 NGN | +16% |
| Department Manager | 479,000 NGN | +16% |
| Department Supervisor | 414,000 NGN | +0% |
| Deputy Director | 553,000 NGN | +34% |
| Deputy Manager | 557,000 NGN | +35% |
| Director | 610,000 NGN | +47% |
| Director of Accreditation | 518,000 NGN | +25% |
| Director of Catering Services | 466,000 NGN | +13% |
| Director of Client Services | 501,000 NGN | +21% |
| Director of Facilities Management | 427,000 NGN | +3% |
| Director of Operations | 518,000 NGN | +25% |
| Director of Process Simplification | 409,000 NGN | -1% |
| Director of Product Management | 518,000 NGN | +25% |
| Director of Project Management | 544,000 NGN | +32% |
| Director of Revenue Management | 479,000 NGN | +16% |
| Director of Training and Development | 501,000 NGN | +21% |
| Distribution Manager | 536,000 NGN | +30% |
| Division Manager | 457,000 NGN | +10% |
| Duty Manager | 448,000 NGN | +8% |
| Engagement Manager | 549,000 NGN | +33% |
| Executive Director | 771,000 NGN | +86% |
| Executive Manager | 636,000 NGN | +54% |
| Franchise Manager | 662,000 NGN | +60% |
| General Manager | 610,000 NGN | +47% |
| Generational Consultant | 418,000 NGN | +1% |
| Global Master Data Manager | 544,000 NGN | +32% |
| Global Technical Lead | 361,000 NGN | -13% |
| Head of Investment | 523,000 NGN | +26% |
| Head of Middle Office | 492,000 NGN | +19% |
| Head of Projects | 523,000 NGN | +26% |
| Head of Strategy | 588,000 NGN | +42% |
| Head of Supply Chain | 479,000 NGN | +16% |
| Head of Sustainability | 440,000 NGN | +6% |
| Housing Manager | 418,000 NGN | +1% |
| HSE Manager | 431,000 NGN | +4% |
| Innovation Manager | 444,000 NGN | +7% |
| Key Account Manager | 435,000 NGN | +5% |
| Knowledge Manager | 501,000 NGN | +21% |
| Location Manager | 488,000 NGN | +18% |
| Logistics Executive | 405,000 NGN | -2% |
| Logistics Manager | 405,000 NGN | -2% |
| Management Consultant | 414,000 NGN | +0% |
| Management Executive | 562,000 NGN | +36% |
| Manager | 523,000 NGN | +26% |
| Managing Director | 627,000 NGN | +52% |
| MIS Executive | 523,000 NGN | +26% |
| Ocean Services Manager | 544,000 NGN | +32% |
| Online Business Manager | 732,000 NGN | +77% |
| Operational Manager | 549,000 NGN | +33% |
| Operations Analyst | 457,000 NGN | +10% |
| Operations Assistant | 379,000 NGN | -8% |
| Operations Director | 583,000 NGN | +41% |
| Operations Executive | 566,000 NGN | +37% |
| Operations Manager | 583,000 NGN | +41% |
| Operations Supervisor | 483,000 NGN | +17% |
| Planning Director | 553,000 NGN | +34% |
| PMO Manager | 488,000 NGN | +18% |
| Policy Administration Executive | 444,000 NGN | +7% |
| Private Sector Executive | 462,000 NGN | +12% |
| Product Development Manager | 523,000 NGN | +26% |
| Product Executive | 457,000 NGN | +10% |
| Production Executive | 527,000 NGN | +27% |
| Production Manager | 527,000 NGN | +27% |
| Production Supervisor | 444,000 NGN | +7% |
| Program Director | 544,000 NGN | +32% |
| Program Manager | 544,000 NGN | +32% |
| Programme Coordinator | 374,000 NGN | -10% |
| Project Control Manager | 544,000 NGN | +32% |
| Project Coordinator | 322,000 NGN | -22% |
| Project Management Officer | 370,000 NGN | -11% |
| Project Manager | 392,000 NGN | -5% |
| Project Portfolio Manager | 418,000 NGN | +1% |
| Quality Manager | 422,000 NGN | +2% |
| R/D Director | 466,000 NGN | +13% |
| Regional Director | 718,000 NGN | +74% |
| Regional Manager | 540,000 NGN | +31% |
| Relationship Manager | 518,000 NGN | +25% |
| Retail District Manager | 370,000 NGN | -11% |
| Revenue Manager | 414,000 NGN | +0% |
| Risk and Capital Manager | 592,000 NGN | +43% |
| Risk Officer | 396,000 NGN | -4% |
| Safety Manager | 392,000 NGN | -5% |
| Section Head | 401,000 NGN | -3% |
| Service Manager | 418,000 NGN | +1% |
| Shift Supervisor | 322,000 NGN | -22% |
| Solutions Manager | 370,000 NGN | -11% |
| Supervisor | 322,000 NGN | -22% |
| Supply Chain Manager | 553,000 NGN | +34% |
| Surveyor | 366,000 NGN | -12% |
| Technical Director | 501,000 NGN | +21% |
| Technical Manager | 501,000 NGN | +21% |
| Territory Manager | 518,000 NGN | +25% |
| Validation Manager | 444,000 NGN | +7% |
| Vice President | 631,000 NGN | +53% |
| Zone Manager | 544,000 NGN | +32% |
Salary Comparison By City
| City | Average Salary |
| Lagos | 414,000 NGN |
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 Nigeria is 6% on average across all career fields.
| Private Sector | 329,000 NGN | |
| Public Sector | +6% | 349,000 NGN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Associate Account Director in Lagos?
A good and competitive compensation would range anywhere between 383,000 NGN and 436,000 NGN. 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 Associate Account Director in Lagos ranges from 207,000 NGN to 314,000 NGN. 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
