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Salary data for country: Burkina Faso
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Insurance

Salary for position Product Development Specialist in Burkina Faso

Gross salary in Burkina Faso is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
351 - 1,011 USD
10% earn less lthan 351 USD
10% earns more than 1,011 USD
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Salaries in the survey are expressed in gross.

Based on the Paylab.com salary survey, 80% of people on the Product Development Specialist position in the Burkina Faso earn between 351 USD and 1,011 USD monthly gross.

10% of employees earn less than 351 USD and 10% of people earn more than 1,011 USD.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Product Development Specialist typically do

  • Monitoring the insurance market, developing new products and submitting proposals for changes to existing products.
  • Completing the texts of contracts, insurance clauses and special arrangements.
  • Drawing up the guidelines and bylaws relating to a given class of insurance.
  • Analysing the rates of insurance, and monitoring and analysing the loss ratio of the products.
  • Preparing documents for the implementation of changes related to product innovation in the information system.
  • Preparing and completing methodical seminars for distribution networks.
  • Providing expert consultations on the products in a given class of insurance to other sections of the company.

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The most common career path of an employee

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Position Product Development Specialist in the labour market

In the salary ranking,
the job position takes

160. place

Women representation in position

n/a

Average age of respondent by position

n/a

703. place

Secretary

Administration

Salary group 1

122 - 314 USD

161. place

Qualified Mechanical Engineer

Mechanical Engineering

Salary group 2

375 - 972 USD

160. place

Product Development Specialist

Insurance

Salary group 2

351 - 1,011 USD

159. place

Art Director

Management

Salary group 2

295 - 1,093 USD

1. place

Chief Executive Officer

Top Management

Salary group 3

642 - 3,204 USD

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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Product Development Specialist.

The total gross salary for the position Product Development Specialist ranges between 299 USD and 1,696 USD per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Paylab.com to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Product Development Specialist have a total gross salary of at least 1,011 USD per month.

10% of the highest-earning employees in this position have a total gross salary higher than 1,011 USD per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 351 USD per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Product Development Specialist earns 748 USD per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Paylab.com you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Product Development Specialist, we currently have less than 20 verified respondents collected.