Average Salary in Bangladesh 2024

Discover the intricate dynamics of salaries in Bangladesh with this comprehensive article. Explore the country's pay scale, wage gap, and yearly increments to gain valuable insights into the labor market. Uncover the breakdown of salaries by education level or years of experience, shedding light on the factors influencing earning potential. With informative analysis and data, this article provides a clear understanding of the salary landscape in Bangladesh. Explore the nuances of income distribution and make informed decisions for a successful career.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Bangladesh in 2024?

What is the average salary in Bangladesh in 2024?
250USD
(USD 3,000 yearly)
Low 120 USD
Average 250 USD
High 1,100 USD
For individuals working in Bangladesh, the average salary amounts to USD 250 per month. Yet, there is notable variability, with salaries ranging from USD 120 (lowest average) to USD 1,100 (highest average, actual maximum salary is higher). Take into account that these figures incorporate housing, transport, and other benefits. Across various professions, there exist significant differences in salary scales. To find out the salaries for specific job titles, please refer to the information below.
In comparison with average salary in Bangladesh in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. At the end of the year, we will be able to fully compare 2023 and 2024.

Pay Scale and Salaries in Bangladesh

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 1,100, 75% of the people earn USD 340 or less. 50% employees earn less USD 240 or less, 25% of the employees earn less than USD 180.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 1,100, 75% of the people earn USD 340 or less. 50% employees earn less USD 240 or less, 25% of the employees earn less than USD 180.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Bangladesh the minimum salary is USD 120.

Median Salary

With half of the values above and half below it, the median salary in Bangladesh is USD 200, serving as the middle point of all salaries in a dataset. This stat provides a more balanced perspective on income distribution and is commonly employed to gauge average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Bangladesh the salary ranges from USD 120 to USD 1,100.

Annual Salary Increments in Bangladesh

What is the average annual salary increment in the Bangladesh? How frequently do employees receive salary raises?

During 2024, employees in Bangladesh witnessed an average salary growth of 0.6%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, Bangladesh recorded an average salary increment of around 0.6% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Bangladesh

On average, employees in Bangladesh experienced a salary increase ranging from 0.6% to 4.5% per year in recent years. This translates to an average increment of 2.9% per year.Download chartGet chart linkShare on FacebookShare on Twitter
The average yearly salary increase for employees in Bangladesh over the past years ranged from 0.6% to 4.5%. On average, this represents a 2.9% increment per year.

Salary Forecast and Trends for the Future in Bangladesh

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.3%. Estimated range is between 1.8% and 5.1%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.3%. Estimated range is between 1.8% and 5.1%.

Gender Wage Gap in Bangladesh

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The gender pay gap in Bangladesh is currently 6.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In Bangladesh, the gender wage gap is 6.0%.
It's due to many factors, such as:
  • Discrimination based on gender.
  • On average, women take 10% more days of paid vacation than men each year.
  • Women are less likely than men to have a college degree.
  • Caregiving responsibilities for children and elderly relatives are more often taken on by women than men.
  • The majority of part-time workers are women, and they typically earn less than those in full-time positions.
  • Women are more likely to work in lower-paying occupations than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array of job opportunities. Apart from financial advantages, pursuing a bachelor's degree nurtures personal growth, enhances critical thinking skills, and offers the opportunity to specialize in a specific field of interest. It also facilitates valuable networking avenues and the cultivation of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative adventure that leads to a more gratifying and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. demonstrates a strong dedication to knowledge and paves the way for a successful and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 10%-14%. Expertise and leadership gain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 10%-14%. Expertise and leadership bring higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Bangladesh

What is the average hourly wage in the Bangladesh?

Average Hourly Wage
1USD
Low 1 USD
Average 1 USD
High 6 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Dealing with irregular or fluctuating income from hourly wages can make it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks usually connected with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it hard to maintain consistent routines.
  • Uncertain job security: Job insecurity may be more prevalent in hourly positions than in salaried positions, as they are susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly roles might have restricted possibilities for career advancement, professional growth, or upward movement within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Bangladesh

What are the best paying jobs in Bangladesh?

List with best paid jobs in BangladeshDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Bangladesh?

  1. Surgeon (USD 1,100)
  2. Doctor (USD 970)
  3. Chief Executive Officer (CEO) (USD 920)
  4. Registered Nurse Anesthetist (USD 900)
  5. Dentist (USD 860)
  6. Airline Pilot (USD 830)
  7. Intellectual Property Lawyer (USD 800)
  8. Marketing Manager (USD 710)
  9. Marketing Director (USD 710)
  10. Sales Director (USD 670)
  11. Sales Manager (USD 670)
  12. Petroleum Engineer (USD 660)
  13. Brand Manager (USD 650)
  14. Marketer (USD 650)
  15. Judge (USD 640)
  16. Treasurer (USD 630)
  17. Controller (USD 630)
  18. Pharmacist (USD 610)
  19. Tax Lawyer (USD 610)
  20. Lawyer (USD 610)
List with worst paid jobs in BangladeshDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Bangladesh?

  1. Cashier (USD 120)
  2. Childcare Worker (USD 130)
  3. Stock clerk (USD 130)
  4. Elder Care Worker (USD 130)
  5. Receptionist (USD 130)
  6. Bartender (USD 140)
  7. Food and beverage server (USD 140)
  8. Janitor (USD 150)
  9. Waiter (USD 150)
  10. Tour Guide (USD 150)
  11. Customer Service Representative (USD 180)
  12. Hotel Concierge (USD 180)
  13. Rehabilitation Counselor (USD 180)
  14. Travel Agent (USD 200)
  15. Secretary (USD 200)
  16. Painter (USD 210)
  17. Carpenter (USD 220)
  18. Bus Driver (USD 220)
  19. Artist (USD 220)
  20. Truck Driver (USD 230)
List with best paid industries in BangladeshDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 690)
  2. Business and Management (USD 580)
  3. Marketing and Sales (USD 540)
  4. Engineering (USD 500)
  5. Law (USD 470)
  6. Accounting and Finance (USD 470)
  7. Computer and Information Technology (USD 460)
  8. Transportation and Logistics (USD 450)
  9. Science (USD 440)
  10. Education and Training (USD 370)
  11. Other (USD 270)
  12. Hospitality and Tourism (USD 230)
  13. Social Services (USD 190)
  14. Services (USD 170)