CEO Average Salary in Tbilisi 2024
How much money does a person working as CEO make in Tbilisi?
LOW
8,350
GEL AVERAGE
15,800
GEL HIGH
24,000
GEL
A person working as CEO in Tbilisi typically earns around 15,800 GEL. Salaries range from 8,350 GEL (lowest) to 24,000 GEL (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. CEO salaries in Tbilisi vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
CEO Pay Scale and Salaries in Tbilisi
Salary Structure and Pay Scale Comparison
14,200 GEL or more
12,600 to 14,200 GEL
9,310 GEL or less
9,310 to 12,600 GEL
 8,350 GEL |
14,200 GEL |
24,000 GEL |
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 CEO in Tbilisi range from 8,350 GEL (starting salary) to 24,000 GEL (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 14,200 GEL, half of the professionals who work as CEO in Tbilisi 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 CEO in Tbilisi earn less than 11,800 GEL, while 75% earn more. Similarly, the chart shows that 75% earn less than 16,100 GEL 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 CEO in Tbilisi compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 9,310 GEL to 12,600 GEL. About 20% of salaries are below the 9,310 GEL mark, while 10% fall within the range of 12,600 GEL to 14,200 GEL. Only 5% of individuals have salaries exceeding 14,200 GEL.
Salary Comparison by Years of Experience / CEO / Tbilisi
How do experience and age affect pay?
| 0 - 2 Years | 9,600 GEL | |
| 2 - 5 Years | +23% | 11,800 GEL |
| 5 - 10 Years | +42% | 16,700 GEL |
| 10 - 15 Years | +17% | 19,500 GEL |
| 15 - 20 Years | +10% | 21,500 GEL |
| 20+ Years | +6% | 22,700 GEL |
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 CEO and this is what we found.
Employees with less than two years of experience earn approximately 9,600 GEL.
While someone with an experience level between two and five years is expected to earn 11,800 GEL, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 16,700 GEL, 42% 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 19,500 GEL, 17% 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 21,500 GEL, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 22,700 GEL, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / CEO / Tbilisi
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as CEO.
| High School | 9,290 GEL | |
| Certificate or Diploma | +17% | 10,800 GEL |
| Bachelor's Degree | +23% | 13,300 GEL |
| Master's Degree | +58% | 21,100 GEL |
| PhD | +8% | 22,900 GEL |
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 CEO in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 9,290 GEL.
Level 2: Certificate or Diploma
At this level, the average salary becomes 10,800 GEL, 17% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 13,300 GEL, 23% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 21,100 GEL, 58% more than the previous level.
Level 5: PhD
At this level, the average salary becomes 22,900 GEL, 8% 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 Georgia costs anywhere from 33,900 GEL to 102,000 GEL 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 / CEO / Tbilisi
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 CEO in Georgia, the average difference between the salary of male and female employees is nan%.
| Male | 0 GEL | |
| Female | 0 GEL |
Salary Comparison By Gender in Georgia for all Careers
Average Annual Salary Increment Percentage / CEO / Tbilisi
How much are annual salary increments in Tbilisi for individuals working as CEO? How often do employees get salary raises?
Individuals working as CEO in Georgia are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Georgia / 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 / CEO / Georgia
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 / CEO / Tbilisi
91 GEL per hourThe average hourly wage (pay per hour) for individuals working as CEO in Tbilisi is 91 GEL.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 CEO in Tbilisi is 48 GEL. 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 | 6,940 GEL | -56% |
| Account Director | 8,390 GEL | -47% |
| Account Executive | 8,280 GEL | -47% |
| Account Manager | 7,510 GEL | -52% |
| Administration Manager | 7,650 GEL | -51% |
| Administration Officer | 4,400 GEL | -72% |
| Administration Supervisor | 6,700 GEL | -57% |
| Administrative Clerk | 3,180 GEL | -80% |
| Administrative Officer | 3,130 GEL | -80% |
| Area Director | 7,850 GEL | -50% |
| Area Manager | 7,200 GEL | -54% |
| Asset Protection Associate | 9,110 GEL | -42% |
| Assistant Director | 8,380 GEL | -47% |
| Assistant General Manager | 8,760 GEL | -44% |
| Assistant Manager | 9,130 GEL | -42% |
| Assistant Managing Director | 9,450 GEL | -40% |
| Assistant Operations Manager | 9,320 GEL | -41% |
| Assistant Project Manager | 8,040 GEL | -49% |
| Assistant Section Head | 7,010 GEL | -56% |
| Assistant to CEO | 7,520 GEL | -52% |
| Assistant Vice President | 9,080 GEL | -42% |
| Associate Account Director | 8,060 GEL | -49% |
| Associate Director | 8,840 GEL | -44% |
| Bid Manager | 9,310 GEL | -41% |
| Branch Manager | 9,590 GEL | -39% |
| Business Development Manager | 10,700 GEL | -32% |
| Business Operations Associate | 8,570 GEL | -46% |
| Business Operations Lead | 8,610 GEL | -45% |
| Campaign Manager | 8,850 GEL | -44% |
| Catering Coordinator | 5,200 GEL | -67% |
| Catering Manager | 8,090 GEL | -49% |
| CEO | 15,800 GEL |  +0% |
| Chairman of The Board | 15,200 GEL | -4% |
| Chairman Office Manager | 10,700 GEL | -32% |
| Chief Commercial Officer | 11,200 GEL | -29% |
| Chief Corporate Officer | 13,100 GEL | -17% |
| Chief Digital Officer | 11,700 GEL | -26% |
| Chief Digital Strategy Officer | 11,600 GEL | -26% |
| Chief Digital Transformation Officer | 10,600 GEL | -33% |
| Chief Ethics Officer | 10,100 GEL | -36% |
| Chief Executive Officer | 16,300 GEL | +3% |
| Chief Financial Officer | 14,700 GEL | -7% |
| Chief Investment Officer | 11,300 GEL | -28% |
| Chief of Staff | 7,170 GEL | -54% |
| Chief Operating Officer | 11,900 GEL | -24% |
| Chief Privacy Officer | 9,780 GEL | -38% |
| Chief Resilience Officer | 12,300 GEL | -22% |
| Chief Risk Officer | 10,200 GEL | -35% |
| Chief Strategy Officer | 12,800 GEL | -19% |
| Chief Trust and Safety Officer | 10,200 GEL | -35% |
| Client Account Manager | 9,400 GEL | -40% |
| Client Accounts Officer | 8,520 GEL | -46% |
| Client Services Manager | 10,100 GEL | -36% |
| Commercial Director | 10,600 GEL | -33% |
| Commercial Manager | 9,420 GEL | -40% |
| Commercial Project Manager | 8,350 GEL | -47% |
| Commodity Broker | 6,740 GEL | -57% |
| COO | 11,500 GEL | -27% |
| Corporate Affairs Executive | 9,330 GEL | -41% |
| Corporate Compliance Director | 10,100 GEL | -36% |
| Corporate Director | 11,400 GEL | -28% |
| Corporate Officer | 7,790 GEL | -51% |
| Corporate Partnerships Officer | 7,380 GEL | -53% |
| Country Manager | 12,200 GEL | -23% |
| Department Head | 10,200 GEL | -35% |
| Department Manager | 9,910 GEL | -37% |
| Department Supervisor | 8,330 GEL | -47% |
| Deputy Director | 11,500 GEL | -27% |
| Deputy Manager | 11,400 GEL | -28% |
| Director | 12,500 GEL | -21% |
| Director of Accreditation | 10,500 GEL | -33% |
| Director of Catering Services | 9,180 GEL | -42% |
| Director of Client Services | 10,000 GEL | -37% |
| Director of Facilities Management | 9,050 GEL | -43% |
| Director of Operations | 10,500 GEL | -33% |
| Director of Process Simplification | 8,600 GEL | -45% |
| Director of Product Management | 10,600 GEL | -33% |
| Director of Project Management | 11,100 GEL | -30% |
| Director of Revenue Management | 10,300 GEL | -35% |
| Director of Training and Development | 10,100 GEL | -36% |
| Distribution Manager | 10,500 GEL | -33% |
| Division Manager | 9,250 GEL | -41% |
| Duty Manager | 9,400 GEL | -40% |
| Engagement Manager | 11,100 GEL | -30% |
| Executive Director | 16,300 GEL | +3% |
| Executive Manager | 13,700 GEL | -13% |
| Franchise Manager | 13,500 GEL | -14% |
| General Manager | 12,600 GEL | -20% |
| Generational Consultant | 8,400 GEL | -47% |
| Global Master Data Manager | 11,000 GEL | -30% |
| Global Technical Lead | 7,440 GEL | -53% |
| Head of Investment | 10,600 GEL | -33% |
| Head of Middle Office | 9,990 GEL | -37% |
| Head of Projects | 10,700 GEL | -32% |
| Head of Strategy | 12,600 GEL | -20% |
| Head of Supply Chain | 9,980 GEL | -37% |
| Head of Sustainability | 8,930 GEL | -43% |
| Housing Manager | 8,350 GEL | -47% |
| HSE Manager | 8,900 GEL | -44% |
| Innovation Manager | 9,350 GEL | -41% |
| Key Account Manager | 8,740 GEL | -45% |
| Knowledge Manager | 10,500 GEL | -33% |
| Location Manager | 10,400 GEL | -34% |
| Logistics Executive | 8,640 GEL | -45% |
| Logistics Manager | 7,940 GEL | -50% |
| Management Consultant | 8,300 GEL | -47% |
| Management Executive | 11,800 GEL | -25% |
| Manager | 10,900 GEL | -31% |
| Managing Director | 12,200 GEL | -23% |
| MIS Executive | 10,600 GEL | -33% |
| Ocean Services Manager | 11,200 GEL | -29% |
| Online Business Manager | 14,600 GEL | -7% |
| Operational Manager | 11,100 GEL | -30% |
| Operations Analyst | 9,740 GEL | -38% |
| Operations Assistant | 7,660 GEL | -51% |
| Operations Director | 12,500 GEL | -21% |
| Operations Executive | 11,100 GEL | -30% |
| Operations Manager | 11,900 GEL | -24% |
| Operations Supervisor | 9,540 GEL | -39% |
| Planning Director | 11,600 GEL | -26% |
| PMO Manager | 9,920 GEL | -37% |
| Policy Administration Executive | 9,480 GEL | -40% |
| Private Sector Executive | 9,410 GEL | -40% |
| Product Development Manager | 10,300 GEL | -35% |
| Product Executive | 9,420 GEL | -40% |
| Production Executive | 10,800 GEL | -31% |
| Production Manager | 10,500 GEL | -33% |
| Production Supervisor | 8,670 GEL | -45% |
| Program Director | 11,300 GEL | -28% |
| Program Manager | 11,300 GEL | -28% |
| Programme Coordinator | 7,330 GEL | -53% |
| Project Control Manager | 10,900 GEL | -31% |
| Project Coordinator | 6,370 GEL | -60% |
| Project Management Officer | 7,730 GEL | -51% |
| Project Manager | 7,830 GEL | -50% |
| Project Portfolio Manager | 8,510 GEL | -46% |
| Quality Manager | 9,080 GEL | -42% |
| R/D Director | 9,480 GEL | -40% |
| Regional Director | 15,100 GEL | -4% |
| Regional Manager | 11,100 GEL | -30% |
| Relationship Manager | 10,600 GEL | -33% |
| Retail District Manager | 7,870 GEL | -50% |
| Revenue Manager | 8,390 GEL | -47% |
| Risk and Capital Manager | 11,600 GEL | -26% |
| Risk Officer | 8,390 GEL | -47% |
| Safety Manager | 7,850 GEL | -50% |
| Section Head | 7,960 GEL | -49% |
| Service Manager | 8,870 GEL | -44% |
| Shift Supervisor | 6,600 GEL | -58% |
| Solutions Manager | 7,740 GEL | -51% |
| Supervisor | 6,410 GEL | -59% |
| Supply Chain Manager | 11,800 GEL | -25% |
| Surveyor | 7,190 GEL | -54% |
| Technical Director | 9,920 GEL | -37% |
| Technical Manager | 10,600 GEL | -33% |
| Territory Manager | 10,600 GEL | -33% |
| Validation Manager | 9,240 GEL | -41% |
| Vice President | 13,500 GEL | -14% |
| Zone Manager | 11,400 GEL | -28% |
Salary Comparison By City
| City | Average Salary |
| Tbilisi | 15,800 GEL |
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 Georgia is 17% on average across all career fields.
| Private Sector | 6,300 GEL | |
| Public Sector | +17% | 7,380 GEL |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title CEO in Tbilisi?
A good and competitive compensation would range anywhere between 14,200 GEL and 16,100 GEL. 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 CEO in Tbilisi ranges from 8,350 GEL to 11,800 GEL. 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
