Average Salary in Malawi 2024

Discover the salary dynamics in Malawi, a vibrant African country. Delve into the comprehensive pay scale analysis, uncovering the nuances of the wage gap, yearly increments, and breakdown over education level and years of experience. Gain a deep understanding of how salaries vary across different sectors, empowering both job seekers and employers to make informed decisions. Stay informed with valuable insights into Malawi's salary landscape through this insightful article.
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 Malawi in 2024?

What is the average salary in Malawi in 2024?
500USD
(USD 5,900 yearly)
Low 230 USD
Average 500 USD
High 2,200 USD
In Malawi, the average salary is USD 500 per month. However, salaries can range from USD 230 (lowest average) to USD 2,200 (highest average, actual maximum salary is higher). Keep in mind that these salaries include housing, transport, and other benefits. Careers can have vastly different salary ranges. For specific job titles and their corresponding salaries, please refer below.
In comparison with average salary in Malawi 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 Malawi

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,200, 75% of the people earn USD 680 or less. 50% employees earn less USD 480 or less, 25% of the employees earn less than USD 360.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 2,200, 75% of the people earn USD 680 or less. 50% employees earn less USD 480 or less, 25% of the employees earn less than USD 360.

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 Malawi the minimum salary is USD 230.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In Malawi the median salary is USD 390.

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 Malawi the salary ranges from USD 230 to USD 2,200.

Annual Salary Increments in Malawi

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

During 2024, Malawi 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%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, employees based in Malawi witnessed an average salary increase of 0.6%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Malawi

Within the past years, employees in Malawi have seen their salaries increase by an average of 2.7% per year. This encompasses a range of 0.6% to 5.1% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
On average, employees in Malawi experienced a salary increase ranging from 0.6% to 5.1% per year in recent years. This translates to an average increment of 2.7% per year.

Salary Forecast and Trends for the Future in Malawi

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 2.9%. Estimated range is between 1.6% and 4.5%.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 2.9%. Estimated range is between 1.6% and 4.5%.

Gender Wage Gap in Malawi

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

In Malawi, the actual wage gap amounts to 10.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in Malawi reaches 10.0%.
It's due to many factors, such as:
  • Gender-based prejudice.
  • On average, women take 10% longer vacations than men each year.
  • When it comes to college degrees, women are less represented than men.
  • When it comes to caregiving responsibilities for children and elderly relatives, women are more probable than men to take them on.
  • In comparison to men, women are more prone to working part-time, resulting in lower earnings compared to full-time workers.
  • Men are more likely to work in higher-paying occupations than women.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

The completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider range 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. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to a fulfilling 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 13%-17% 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 close to 10%-14%. Expertise and leadership receive higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 20%-24% 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 13%-17% 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 close to 10%-14%. Expertise and leadership receive 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 20%-24% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Malawi

What is the average hourly wage in the Malawi?

Average Hourly Wage
3USD
Low 1 USD
Average 3 USD
High 13 USD

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

  • Income instability: Budgeting and planning for expenses may be challenging due to the irregular or fluctuating income that hourly wages can bring.
  • 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: When it comes to job insecurity, hourly positions are often more affected than salaried positions due to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly positions within the organization may offer limited opportunities for career growth, professional development, or upward mobility.
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 Malawi

What are the best paying jobs in Malawi?

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

Highest paying jobs Malawi?

  1. Surgeon (USD 2,200)
  2. Doctor (USD 2,000)
  3. Chief Executive Officer (CEO) (USD 1,900)
  4. Registered Nurse Anesthetist (USD 1,800)
  5. Dentist (USD 1,800)
  6. Airline Pilot (USD 1,700)
  7. Intellectual Property Lawyer (USD 1,700)
  8. Marketing Manager (USD 1,500)
  9. Marketing Director (USD 1,500)
  10. Sales Director (USD 1,400)
  11. Sales Manager (USD 1,400)
  12. Petroleum Engineer (USD 1,400)
  13. Brand Manager (USD 1,300)
  14. Marketer (USD 1,300)
  15. Judge (USD 1,300)
  16. Treasurer (USD 1,300)
  17. Controller (USD 1,300)
  18. Pharmacist (USD 1,300)
  19. Tax Lawyer (USD 1,300)
  20. Lawyer (USD 1,300)
List with worst paid jobs in MalawiDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Malawi?

  1. Cashier (USD 240)
  2. Childcare Worker (USD 250)
  3. Stock clerk (USD 250)
  4. Elder Care Worker (USD 250)
  5. Receptionist (USD 260)
  6. Bartender (USD 280)
  7. Food and beverage server (USD 290)
  8. Janitor (USD 290)
  9. Waiter (USD 290)
  10. Tour Guide (USD 290)
  11. Customer Service Representative (USD 350)
  12. Hotel Concierge (USD 360)
  13. Rehabilitation Counselor (USD 360)
  14. Travel Agent (USD 390)
  15. Secretary (USD 400)
  16. Painter (USD 420)
  17. Carpenter (USD 430)
  18. Bus Driver (USD 440)
  19. Artist (USD 440)
  20. Truck Driver (USD 450)
List with best paid industries in MalawiDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,400)
  2. Business and Management (USD 1,200)
  3. Marketing and Sales (USD 1,100)
  4. Engineering (USD 990)
  5. Law (USD 940)
  6. Accounting and Finance (USD 930)
  7. Computer and Information Technology (USD 910)
  8. Transportation and Logistics (USD 890)
  9. Science (USD 880)
  10. Education and Training (USD 730)
  11. Other (USD 540)
  12. Hospitality and Tourism (USD 460)
  13. Social Services (USD 380)
  14. Services (USD 340)