Average Salary in Mali 2024

Discover the intriguing salary landscape in Mali as we delve into the pay scale, wage gap, salary yearly increments, and a breakdown based on education level and years of experience. Gain valuable insights into how salaries are structured across various professions, and unearth the factors contributing to income disparities in the country. Stay informed and make informed decisions about salaries in Mali with our comprehensive analysis.
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 Mali in 2024?

What is the average salary in Mali in 2024?
120USD
(USD 1,400 yearly)
Low 50 USD
Average 120 USD
High 490 USD
You can expect to earn around USD 120 per month if you work in Mali. Keep in mind that salaries can range from USD 50 (lowest average) to USD 490 (highest average, actual maximum salary is higher). This average salary includes housing, transport, and other benefits. Salaries differ greatly depending on the career. For detailed salary information on specific job titles, please refer below.
In comparison with average salary in Mali in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of this year.

Pay Scale and Salaries in Mali

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 490, 75% of the people earn USD 160 or less. 50% employees earn less USD 110 or less, 25% of the employees earn less than USD 90.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 490, 75% of the people earn USD 160 or less. 50% employees earn less USD 110 or less, 25% of the employees earn less than USD 90.

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 Mali the minimum salary is USD 50.

Median Salary

In Mali, the median salary is USD 90, which represents the middle point of all salaries in a dataset, with half of the values above and half below it. This measurement provides a more balanced view of income distribution and is commonly used 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 Mali the salary ranges from USD 50 to USD 490.

Annual Salary Increments in Mali

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

In 2024 the workforce in Mali experienced approximately 0.7% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, Mali recorded an average salary increment of around 0.7% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in Mali

The salary of employees in Mali has been increasing in recent years, with an average yearly increment of 3.2%. The increment ranges from -0.0% to 6.6% per year.Download chartGet chart linkShare on FacebookShare on Twitter
On an average, employees in Mali have received a salary increase ranging from -0.0% to 6.6% per year in recent years. This translates to an average increment of 3.2% per year.

Salary Forecast and Trends for the Future in Mali

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 4.4%.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 4.4%.

Gender Wage Gap in Mali

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

The gender pay disparity in Mali is 8.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In Mali, the gender wage gap is 8.0%.
It's due to many factors, such as:
  • Sexism.
  • On average, women take 10% additional days of paid vacation compared to men each year.
  • Compared to men, women have a lower likelihood of having a college degree.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • Women are more inclined to pursue part-time jobs, and these jobs typically come with lower earnings compared to 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?

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

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. Beyond financial advantages, pursuing a bachelor's degree fosters personal growth, hones critical thinking skills, and allows for specialization in a specific field of interest. It also provides valuable networking opportunities and encourages the development of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that unlocks a more fulfilling 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. signifies an insatiable thirst for knowledge and a commitment to a meaningful 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 8%-12%. Expertise and leadership earn higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% 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 about 8%-12%. Expertise and leadership result in 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 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Mali

What is the average hourly wage in the Mali?

Average Hourly Wage
1USD
Low 0 USD
Average 1 USD
High 3 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 typically associated 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 disturb 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 jobs may have limited opportunities for career growth, professional development, or upward mobility 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 Mali

What are the best paying jobs in Mali?

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

Highest paying jobs Mali?

  1. Surgeon (USD 490)
  2. Doctor (USD 440)
  3. Chief Executive Officer (CEO) (USD 420)
  4. Registered Nurse Anesthetist (USD 410)
  5. Dentist (USD 390)
  6. Airline Pilot (USD 380)
  7. Intellectual Property Lawyer (USD 370)
  8. Marketing Manager (USD 320)
  9. Marketing Director (USD 320)
  10. Sales Director (USD 300)
  11. Sales Manager (USD 300)
  12. Petroleum Engineer (USD 300)
  13. Brand Manager (USD 300)
  14. Marketer (USD 300)
  15. Judge (USD 290)
  16. Treasurer (USD 290)
  17. Controller (USD 290)
  18. Pharmacist (USD 280)
  19. Tax Lawyer (USD 280)
  20. Lawyer (USD 280)
List with worst paid jobs in MaliDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Mali?

  1. Cashier (USD 60)
  2. Childcare Worker (USD 60)
  3. Stock clerk (USD 60)
  4. Elder Care Worker (USD 60)
  5. Receptionist (USD 60)
  6. Bartender (USD 70)
  7. Food and beverage server (USD 70)
  8. Janitor (USD 70)
  9. Waiter (USD 70)
  10. Tour Guide (USD 70)
  11. Customer Service Representative (USD 80)
  12. Hotel Concierge (USD 80)
  13. Rehabilitation Counselor (USD 90)
  14. Travel Agent (USD 90)
  15. Secretary (USD 90)
  16. Painter (USD 100)
  17. Carpenter (USD 100)
  18. Bus Driver (USD 100)
  19. Artist (USD 100)
  20. Truck Driver (USD 110)
List with best paid industries in MaliDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 310)
  2. Business and Management (USD 270)
  3. Marketing and Sales (USD 250)
  4. Engineering (USD 230)
  5. Law (USD 220)
  6. Accounting and Finance (USD 210)
  7. Computer and Information Technology (USD 210)
  8. Transportation and Logistics (USD 200)
  9. Science (USD 200)
  10. Education and Training (USD 170)
  11. Other (USD 130)
  12. Hospitality and Tourism (USD 110)
  13. Social Services (USD 90)
  14. Services (USD 80)