A person working as Asset Management Associate in Zambia typically earns around 5,290 ZMK. Salaries range from 2,590 ZMK (lowest) to 8,260 ZMK (highest).
This is the average salary including housing, transport, and other benefits. Asset Management Associate salaries in Zambia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
![]() 2,590 ZMK |
![]() 4,940 ZMK |
![]() 8,260 ZMK |
Salaries for the position Asset Management Associate in Zambia range from 2,590 ZMK (starting salary) to 8,260 ZMK (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.
With a median salary of 4,940 ZMK, half of the professionals who work as Asset Management Associate in Zambia 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.
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 Asset Management Associate in Zambia earn less than 4,040 ZMK, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,640 ZMK while 25% earn more.
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 Asset Management Associate in Zambia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,080 ZMK to 4,340 ZMK. About 20% of salaries are below the 3,080 ZMK mark, while 10% fall within the range of 4,340 ZMK to 4,910 ZMK. Only 5% of individuals have salaries exceeding 4,910 ZMK.
0 - 2 Years | 3,070 ZMK | |
2 - 5 Years | +29% | 3,950 ZMK |
5 - 10 Years | +38% | 5,450 ZMK |
10 - 15 Years | +24% | 6,760 ZMK |
15 - 20 Years | +7% | 7,240 ZMK |
20+ Years | +7% | 7,720 ZMK |
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 Asset Management Associate and this is what we found.
Employees with less than two years of experience earn approximately 3,070 ZMK.
While someone with an experience level between two and five years is expected to earn 3,950 ZMK, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 5,450 ZMK, 38% 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 6,760 ZMK, 24% 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 7,240 ZMK, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 7,720 ZMK, 7% more than people with fifteen to twenty years of experience.
High School | 3,950 ZMK | |
Certificate or Diploma | +43% | 5,650 ZMK |
Bachelor's Degree | +38% | 7,800 ZMK |
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 Asset Management Associate in order to make a comparison.
Employees at this education level have an average salary of 3,950 ZMK.
At this level, the average salary becomes 5,650 ZMK, 43% more than the previous level.
At this level, the average salary becomes 7,800 ZMK, 38% more than the previous level.
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 Asset Management Associate in Zambia, the average difference between the salary of male and female employees is 10%.
Male | 5,500 ZMK | |
Female | -9% | 4,980 ZMK |
Individuals working as Asset Management Associate in Zambia are likely to observe a salary increase of approximately 6% every 30 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
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.
62% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 38% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
Received Bonus | 38% | |
No Bonus | 62% |
The 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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Asset Management Associate in Zambia is 15 ZMK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Purchasing and Inventory | ![]() | |
Asset Management Associate | 5,290 ZMK | ![]() |
Asset Protection Associate | 5,060 ZMK | ![]() |
Asset Protection Specialist | 5,580 ZMK | ![]() |
Assistant Buyer | 5,020 ZMK | ![]() |
Buyer | 8,050 ZMK | ![]() |
Capacity Planner | 6,060 ZMK | ![]() |
Category Leader | 5,730 ZMK | ![]() |
Category Management Specialist | 5,560 ZMK | ![]() |
Category Manager | 6,110 ZMK | ![]() |
Channel Services Representative | 5,870 ZMK | ![]() |
Contracts Manager | 6,350 ZMK | ![]() |
Contracts Specialist | 5,280 ZMK | ![]() |
Demand Planner | 5,830 ZMK | ![]() |
Demand Planning Manager | 7,020 ZMK | ![]() |
Digital Procurement Manager | 6,000 ZMK | ![]() |
Distribution Assistant | 4,790 ZMK | ![]() |
Distribution Associate | 4,590 ZMK | ![]() |
Distribution Manager | 10,600 ZMK | ![]() |
E-Commerce Buyer | 5,580 ZMK | ![]() |
E-procurement Specialist | 6,290 ZMK | ![]() |
Freight and Customs Compliance Manager | 6,900 ZMK | ![]() |
Green Procurement Specialist | 5,890 ZMK | ![]() |
Inventory Analyst | 5,020 ZMK | ![]() |
Inventory Analytics Manager | 5,100 ZMK | ![]() |
Inventory Control Clerk | 2,730 ZMK | ![]() |
Inventory Control Manager | 7,230 ZMK | ![]() |
Inventory Management Associate | 5,530 ZMK | ![]() |
Inventory Optimization Manager | 6,510 ZMK | ![]() |
Inventory Specialist | 5,190 ZMK | ![]() |
Logistics Automation Engineer | 5,590 ZMK | ![]() |
Logistics Engineer | 4,990 ZMK | ![]() |
Master Planner | 5,070 ZMK | ![]() |
Material Handler | 3,310 ZMK | ![]() |
Material Planning Specialist | 4,400 ZMK | ![]() |
Merchandise Manager | 6,000 ZMK | ![]() |
Procurement Administrator | 6,590 ZMK | ![]() |
Procurement Agent | 4,320 ZMK | ![]() |
Procurement Analyst | 6,720 ZMK | ![]() |
Procurement Assistant | 4,080 ZMK | ![]() |
Procurement Associate | 5,550 ZMK | ![]() |
Procurement Clerk | 2,500 ZMK | ![]() |
Procurement Engineer | 5,400 ZMK | ![]() |
Procurement Manager | 10,500 ZMK | ![]() |
Procurement Officer | 2,600 ZMK | ![]() |
Procurement Process Analyst | 6,010 ZMK | ![]() |
Procurement Risk Manager | 6,360 ZMK | ![]() |
Procurement Specialist | 5,110 ZMK | ![]() |
Procurement Technology Consultant | 6,090 ZMK | ![]() |
Production Planner | 5,820 ZMK | ![]() |
Project Buyer | 6,900 ZMK | ![]() |
Purchaser | 8,230 ZMK | ![]() |
Purchasing Agent | 4,690 ZMK | ![]() |
Purchasing Assistant | 2,850 ZMK | ![]() |
Purchasing Manager | 11,300 ZMK | ![]() |
Purchasing Officer | 5,040 ZMK | ![]() |
Purchasing Supervisor | 7,330 ZMK | ![]() |
Shipping and Receiving Clerk | 2,630 ZMK | ![]() |
Shipping Coordinator | 5,230 ZMK | ![]() |
Stock Clerk | 2,870 ZMK | ![]() |
Stock Regulator | 3,250 ZMK | ![]() |
Storage Manager | 6,490 ZMK | ![]() |
Store Keeper | 2,620 ZMK | ![]() |
Stores and Logistics Coordinator | 5,460 ZMK | ![]() |
Strategic Sourcing Analyst | 7,370 ZMK | ![]() |
Supplier Diversity Program Manager | 7,050 ZMK | ![]() |
Supplier Relationship Manager | 7,820 ZMK | ![]() |
Supply Chain Analyst | 7,670 ZMK | ![]() |
Supply Chain Coordinator | 5,890 ZMK | ![]() |
Supply Chain Development Manager | 10,100 ZMK | ![]() |
Supply Chain Director | 10,800 ZMK | ![]() |
Supply Chain Manager | 11,000 ZMK | ![]() |
Supply Planner | 5,310 ZMK | ![]() |
Sustainability Procurement Specialist | 7,290 ZMK | ![]() |
Sustainable Sourcing Specialist | 5,660 ZMK | ![]() |
Sustainable Supply Chain Manager | 7,930 ZMK | ![]() |
Third Party Logistics Manager | 8,610 ZMK | ![]() |
Vendor Management Specialist | 7,340 ZMK | ![]() |
Warehouse Assistant | 2,100 ZMK | ![]() |
Warehouse Automation Engineer | 5,450 ZMK | ![]() |
Warehouse Clerk | 2,190 ZMK | ![]() |
Warehouse Executive | 9,140 ZMK | ![]() |
Warehouse Lead | 6,330 ZMK | ![]() |
Warehouse Manager | 9,110 ZMK | ![]() |
Warehouse Supervisor | 6,750 ZMK | ![]() |
Wholesale Buyer | 8,310 ZMK | ![]() |
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 Zambia is 17% on average across all career fields.
Private Sector | 5,600 ZMK | |
Public Sector | +17% | 6,560 ZMK |
A good and competitive compensation would range anywhere between 4,940 ZMK and 5,640 ZMK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Asset Management Associate in Zambia ranges from 2,590 ZMK to 4,040 ZMK. 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.
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