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Deputy Manager Salary in 2024 [Fresher to Experienced]

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29th Mar, 2024
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    Deputy Manager Salary in 2024 [Fresher to Experienced]

    In corporate hierarchies, the function of a Deputy Manager represents a key connection between high management and frontline staff. Aspiring professionals and seasoned employees alike often find themselves captivated by the appeal of this position, not just for its responsibilities but also for its financial advantages. 

    In this blog, I will guide you into the details of Deputy Manager job salaries in 2024, from freshers taking their first steps into the corporate world to experienced employees who have strengthened their abilities over years of committed service.

    A Deputy Manager is second-in-command to the manager in the organizational structure. I suggest getting a certification course to improve in all general aspects, which can help you bag lucrative opportunities. However, knowing the course of the market is also a crucial aspect of understanding your current stance. This blog will surely help you find your place and say yes to the right opportunity- from Deputy Manager salary to perks offered in a senior role. I have covered it all in this blog. 

    Who is a Deputy manager?

    A Deputy Manager is a professional who possesses a substantial amount of authority within a company. Their position comprises monitoring operations, delivering information from top management to junior staff, managing teams, ensuring high standards are reached, encouraging personnel, handling administrative activities, and executing human resource responsibilities, including recruiting and performance evaluation. 

    Deputy Managers play a significant role in the effective functioning of an organization by helping the managerial staff and ensuring that activities operate smoothly.

    Deputy Manager Job Salary in 2024

    In 2024, the salary of a Deputy Manager worldwide can vary depending on factors such as the organization, region, and industry. For reference, if I consider a Bank Deputy Manager's salary, an individual can receive around USD 106,244 as annual compensation (Source: Indeed), with additional allowances such as House Rent Allowance, Travel Allowances, Stock Options, Performance Incentives, and other Special Allowances. 

    The following table shows how much the Deputy Manager makes per hour, month, or year (Source: Zippia):

    Per Hour

    USD 51

    Per Month

    USD 8,795

    Per Year

    USD 105,544

    Deputy Manager Salary: Based on Experience

    The average Deputy General Manager's salary is influenced by multiple factors. However, experience continues to be one of the top determinants of salary. Let me show you how. 

    • Beginner: Entry-level Deputy Managers can expect to earn an average starting salary of around USD 67,000 per year. However, this amount might change depending on factors such as the work industry, credentials, and degree of experience.
    • Intermediate: The average salary offered to a Deputy Manager with 4-5 years of experience is estimated to be around USD 105,000.
    • Advanced: The average annual salary for an experienced Deputy Manager with over ten years of experience can go up to USD 164,000 per annum, making it a lucrative endeavor individuals can explore.

    Deputy Manager Salary: Based on Job Roles

    As a Deputy Manager, you may specialize and be responsible for working across different job roles. Let me introduce you to some of these roles as well as the salaries offered for them. 

    Roles

    Average Annual Salary (Source: Glassdoor)

    Deputy IT Manager

    USD 116,809

    Deputy Sales Manager

    USD 97,433

    Deputy Marketing Manager

    USD 119,570

    Deputy Operations Manager

    USD 109,112

    Deputy GM Salary

    USD 100,936

    Deputy Manager Salary: Based on Related Fields 

    Here is a Deputy Manager's average salary based on a few related fields presented in tabular format:

    Field

    Average Annual Salary (Source: Glassdoor)

    Customer Success, Service & Operations

    USD 107,000

    Production, Manufacturing & Engineering

    USD 78,823

    Finance & Accounting

    USD 113,333

    Sales & Business Development

    USD 92,220

    Deputy Manager Salary: Based on Location 

    Second to experience, one of the most impactful factors affecting a Deputy Manager's average salary is location. Since the cost of living has a direct effect on the demand and supply of a job role, location is considered a crucial deciding factor that varies from region to region. Let’s see how. 

    India (Source: Ambition Box)

    Mumbai:

    Company

    Average Annual Salary 

    HDFC Bank

    INR 5.7 Lakhs

    ICICI Bank

    INR 6.3 Lakhs

    State Bank of India

    INR 15.1 Lakhs

    New Delhi:

    Company

    Average Annual Salary

    HDFC Bank

    INR 5.7 Lakhs

    ICICI Bank

    INR 6.1 Lakhs

    State Bank of India

    INR 15.6 Lakhs

    Bangalore:

    Company

    Average Annual Salary

    HDFC Bank

    INR 5.8 Lakhs

    ICICI Bank

    INR 5.9 Lakhs

    State Bank of India

    INR 15.1 Lakhs

    Kolkata:

    Company

    Average Annual Salary

    HDFC Bank

    INR 5.5 Lakhs

    ICICI Bank

    INR 6 Lakhs

    State Bank of India

    INR 15.3 Lakhs

    US (Indeed)

    City

    Average Annual Salary

    Charlottesville

    USD 182,029

    New York

    USD 149,015

    San Diego

    USD 144,967

    Los Angeles

    USD 140,512

    Washington

    USD 124,164

    Top companies for Deputy Managers job salaries in the USA are presented in the following table:

    Company

    Average Annual Salary

    Leidos

    USD 193,310

    GovCIO

    USD 185,416

    Lawrence Livermore National Laboratory

    USD 166,956

    Lockheed Martin

    USD 163,600

    Northrop Grumman

    USD 161,528

    UK (Indeed)

    City

    Average Annual Salary

    London

    GBP 35,585

    Bournemouth

    GBP 36,976

    Norwich

    GBP 35,348

    Nottingham

    GBP 32,680

    Leeds

    £31,779

    Top companies representing Deputy Manager average salary in the United Kingdom

    Company

    Average Annual Salary

    Maria Mallaband Care Group

    GBP 49,326

    HC One

    GBP 48,896

    Barchester Healthcare

    GBP 44,614

    NHS

    GBP 42,495

    Voyage Care

    GBP 26,412

    Australia (Indeed)

    City

    Average Annual Salary

    Sydney

    AUD 119,127

    Canberra

    AUD 108,494

    Melbourne

    AUD 106,284

    Bundanoon

    AUD 139,831

    Hobart

    AUD 118,902

    Top companies representing Deputy Managers in Australia

    Company

    Average Annual Salary

    WARRIGAL

    AUD 135,615

    Transport for NSW

    AUD 130,668

    Victoria Legal Aid

    AUD 114,865

    Australian National University

    AUD 111,195

    Murrumbidgee Local Health District

    AUD 109,760

    Canada (Indeed)

    City

    Average Annual Salary

    Simcoe

    CAD 111,565

    Richmond

    CAD 73,980

    Toronto

    CAD 63,245

    Mississauga

    CAD 53,369 

    Singapore (Source: Glassdoor)

    Company

    Average Monthly Salary

    Land Transport Authority

    SGD 5,183

    PSA International

    SGD 5,800

    Civil Aviation Authority of Singapore

    SGD 4,000

    Keppel Corporation

    SGD 5,500

    Singapore University of Technology and Design

    SGD 5,200

    Factors Affecting Deputy Manager Salary

    The few factors that affect a Deputy Manager’s job salary are as follows:

    Location

    The location has a vital effect on deciding the remuneration of a deputy manager. The typical wage for a Deputy Manager varies based on the nation and even among areas of the same country. Here’s an example of how geography affects Deputy Manager salaries:

    The average income of a Deputy Manager in the UK is GBP 30,000 annually (Source: Randstad). Entry-level Deputy Managers earn an average of GBP 24,014 per year, while experienced ones might make over GBP 42,500 yearly.

    Industry / Employer / Company

    When evaluating the influence of industry, employer, or firm on the income of a Deputy Manager, it is obvious that these elements play a considerable role in deciding the wages earned. Here is an example of how these factors impact Deputy Manager compensation.

    Factors such as industry and the organization significantly impact compensation variances. For instance, a Deputy General Manager in Sales may earn an average salary of GBP 31,500 per annum (Source: Talent.com), while an individual in the same role under Marketing may earn an average of GBP 62,175, comparatively higher than Sales. 

    Experience

    Considering the number of skills, expertise, and analytical abilities a skilled professional brings with years of work, experience is a critical factor that organizations take into account when deciding on a Deputy Manager's salary. Let me explain how. 

    For example, the entry-level salary for a Deputy Manager with 0-3 years of experience is estimated at around USD 67,000. However, with years of added experience, the salary can even go up to USD 164,000. Additionally, promotions and increments can also be achieved based on years of experience, further reflecting the number of skills cultivated by any skilled professional. 

    Demand and Supply

    The income of a Deputy Manager can be determined by varying factors, with demand and supply having a crucial role in establishing compensation levels. The connection between the availability of competent individuals (supply) and the requirement for these candidates (demand) affects the salary paid to Deputy Managers. 

    Supply refers to the quantity of skilled persons available for deputy management jobs, while demand indicates the necessity for these specialists in the employment market. When the supply of Deputy Managers exceeds demand, compensation may drop owing to greater competition among job candidates. Conversely, when demand outweighs supply, firms may pay greater compensation to attract and retain outstanding people.

    Credentials / Certifications

    Certifications and credentials greatly affect the wage structure for Deputy Managers by verifying knowledge, increasing abilities via professional development, and providing a baseline degree of competency necessary for specialized tasks. These certifications not only assist people by enhancing their earning potential but also provide value to companies by assuring a trained workforce open to upskilling. 

    Skills 

    Skills play a key influence in deciding the remuneration of a Deputy Manager. Employability skills are highly appreciated by firms when recruiting graduates since these skills assure effectiveness in the workplace. These abilities include self-management, teamwork, business and customer awareness, problem-solving, communication and literacy, numeracy, and information technology application. Additionally, employers frequently seek a good attitude and traits like entrepreneurship.

    How to Improve Deputy Manager Salary?

    To improve a Deputy Manager's average salary, one might focus on expanding their skills, earning appropriate certifications, and pursuing advanced degrees. Here are some steps I recommend taking:

    Skills:

    • Develop outstanding leadership talents.
    • Seek mentoring from experienced executives to understand best practices.
    • Attend leadership training classes or workshops to boost your abilities.
    • Enhance communication abilities for effective engagement.
    • Strengthen problem-solving abilities to solve complicated challenges

    Certifications

    • Consider getting certifications that are related to your line of employment to strengthen your CV.
    • Explore easy certificates that can increase your credentials across many sectors and employment levels
    • During interviews, especially when presented with tricky questions, I would suggest adopting approaches like the STAR method (Situation, Task, Action, Result) to deliver structured and effective solutions

    Degrees

    • Look into earning advanced degrees that correspond with your professional ambitions and the criteria of the Deputy Manager post.
    • Consider pursuing degrees that can give you the particular knowledge and abilities to flourish in your job

    By concentrating on enhancing your talents, earning appropriate certificates, and contemplating further degrees, you may boost your credentials as a Deputy Manager, which may lead to wage advances and career growth 

    Experience

    Besides securing degrees and certifications, try participating in internships, workshops, and boot camps to build up on your experience. Attend industry events, join professional groups, and interact with peers and mentors in your sector to build professional contacts. This can bring up prospects for higher-paying positions in reputed organizations. 

    Why Are Deputy Managers Paid So Much?

    Deputy managers usually enjoy the highest wages because of factors like the level of responsibility, experience, and devotion to the company’s performance. Here are some crucial points:

    • Leadership Role: A Deputy Manager's leadership role often falls within a team of departmental members, making it necessary for him/her to direct and coordinate the work of others.
    • Supervisory Responsibilities: Deputy Managers oversee and guide the work of team members, give them a helping hand whenever they need it, and ensure that tasks are finished without delays and on the agreed standards.
    • Specialized Skills and Knowledge: Deputy Managers are often the ones who have the most background and experience in this industry or a particular business.
    • Strategic Contribution: Other than performance management, the Deputy Managers have a strategic role in achieving the organizational objectives by executing their activities.
    • Experience and Seniority: The Deputy Managers usually have some years of experience, and they might have earlier been in various positions and worked their way up the ladder.

    Final Words

    The position of deputy manager remains a key one in organizations, with pay being determined by the gravity of the responsibility, the expertise, and the level of experience that is required for the position. Given the existing competitive pay scale for Deputy Managers, one should predict that the compensation environment for the year 2024 will remain favorable. This will attract both fresh graduates and experienced professionals.

    The economic situation has been changing, with its influence being directed towards employability. Thus, people aspiring to become Deputy Managers must be up-to-date with the salary trends and the factors that affect remuneration. 

    To upskill as a Deputy Manager and improve your salary in 2024, I recommend certification courses like the KnowledgeHut certification course. Through the completion of certification programs such as the KnowledgeHut course, you show employers your willingness to improve. Thus, you become more marketable and possibly earn a promotion, which, in 2024, could be your next step toward a higher position in the competitive job market.

    Frequently Asked Questions (FAQs)

    1Is experience necessary to become a Facilities Manager?

    While experience is always valuable, it’s not always mandatory, especially for entry-level positions. However, relevant experience in building maintenance, property management, or customer service can significantly improve your candidacy. Additionally, internships, volunteer work, or even transferable skills from other roles can be beneficial.

    2What career progression opportunities are available for Facilities Managers?

    Facilities management offers diverse career paths with room for advancement. This can include:

    Promotions: Moving up within the same organization to roles like Senior Facilities Manager, Facilities Director, or even Chief Facilities         Officer.

    Specialization focuses on specific areas like sustainability, technology integration, and management of healthcare facilities.

    Transitioning into related fields: With experience and additional qualifications, facilities managers can explore roles in project management, property management, or construction management.




    3What challenges do Facilities Managers face?

    Facilities managers encounter various challenges, including:

    Balancing diverse needs: Managing the needs of various stakeholders, including building owners, tenants, and occupants, with potentially         conflicting priorities.

    Staying current with advancements: Keeping pace with evolving technologies, sustainability regulations, and industry best practices.

    Managing tight budgets: Ensuring smooth operations and meeting all requirements while working within budgetary constraints.

    Unexpected emergencies: Addressing unforeseen issues like equipment failures or natural disasters effectively.


    Profile

    Abhresh Sugandhi

    Author

    Abhresh is specialized as a corporate trainer, He has a decade of experience in technical training blended with virtual webinars and instructor-led session created courses, tutorials, and articles for organizations. He is also the founder of Nikasio.com, which offers multiple services in technical training, project consulting, content development, etc.

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