Indonesia
Salary Benchmark 2018
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Market Insights
A business-friendly Indonesia looks to a
bright 2018
Top industries
Overall outlook
Driven in particular by domestic consumption and investments, Indonesia
is once again anticipating a positive economic outlook in 2018, with
macroeconomic indicators looking strong. The World Bank upgraded
Indonesia’s rating for ease of doing business by 19 points in 2017, while
according to the World Economic Forum’s Global Competitiveness Index
2017-2018, Indonesia ranked 36th out of 137 surveyed countries in
terms for global competitiveness. It is hoped that continued stability and
infrastructure improvements, plus the upcoming Asian Games held in
Jakarta and Palembang from August this year, will translate to positive
business sentiment throughout the year.
“Overall we’re expecting continued growth again in Indonesia across
most markets. Most sectors are seeing strong growth, with the
only exception being more traditional retail. Digital, technology and
e-commerce are still showing an upward trend: the burgeoning
e-commerce space has enjoyed a boom over the past two years.
While this spike in demand may cool down, we anticipate the need
for upskilling in key positions. Technology is growing quickly too, with
a strong demand for talent ranging from programmers to CIO-level.”
Olly Riches, Managing Director, Michael Page Indonesia
Agriculture
Manufacturing
Logistics
FinTech
By the numbers*
4 professionals
average number of
candidates employers
interview before
making a job offer
Key trends
• S ignificant growth in the industrial and manufacturing space, both in
the capital city Jakarta, as well as tier two and three regions. There has
been strong growth from local conglomerates, demanding mid-tosenior level management, typically talent sourced from MNCs, in a bid
to further modernise and develop Indonesia’s family owned businesses.
• Particularly encouraging has been the strength of home-grown
employment: 85% of the placements in 2017 were Indonesian passport
holders, and there continues to be a strong desire to bring Indonesians
into key positions. The Returning Indonesians programme, Membangun
Negeri (or ‘Building a Nation’) has enjoyed a lot of success in bringing
people back to Indonesia, with demand in particular in high quality
graduates from fields including sales and marketing, technology as well
as across more senior management.
• Human Resources continues to grow as a discipline, as companies
prioritise more sustainable growth plans. Logistics is seen as another
area key for growth in 2018, while Marketing professionals are in strong
demand – although there remains a candidate shortage in this area.
1-4 months
average time
employers take to
secure talent
3 rounds
of interviews typically
undergone by candidate
with a company before
securing a position
*These employment trends are based on the Michael Page database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Digital
“In 2018, digital candidates with Silicon Valley or other international experience will be in high demand.
We’ll also see an increase in new roles from local companies across all digital functions.”
Roles in demand
Top industries
• Product Managers
• Developers
Technology
Local Conglomerates
Consultancies
Banks & Insurance Firms
• Project Managers
By the numbers*
$
26-30%
average salary increase when moving jobs
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Digital
Salary Tables
Agency
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
SEO / SEM Executive
91
156
124
SEO / SEM Manager
195
260
228
SEO / SEM Director
286
520
403
Affiliates Manager
325
520
423
Advertising Operations Manager
286
520
403
In-house
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Online / Digital Marketing Manager
195
780
488
Content Production Manager
195
325
260
Online Product Manager
195
650
423
Director / Head of Digital
585
1,105
845
Social Media Executive
91
156
124
Social Media Manager
91
520
306
SEO / SEM Executive
91
156
124
User Experience Specialist
195
325
260
e-Commerce Manager
325
650
488
Director / Head of e-Commerce
650
1,300
975
Partnership Manager
325
520
423
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Engineering &
Manufacturing
“We see positive momentum for Engineering and Manufacturing roles in 2018. The FMCG sector has
seen positive trends, while Oil & Gas are recovering. Business-to-business companies are growing, and
investments are increasing in East Java.”
Roles in demand
Top industries
• Manufacturing managers
FMCG
Chemical
Agri-business
Packaging
• Quality managers
• Maintenance managers
By the numbers*
55%
21-25%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Engineering & Manufacturing
Salary Tables
Research & Development
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Design Engineer
104
156
130
Application Engineer
195
234
215
Senior Design Engineer
260
325
293
Senior Application Engineer
325
455
390
Engineering Manager
195
520
358
Engineering Director
910
1,430
1,170
Production/Manufacturing
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Production Engineer
78
195
137
Production Engineering Manager
195
520
358
Quality Control/Assurance
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Quality Engineer
78
104
91
Senior Quality Engineer
117
156
137
Quality Manager
195
455
325
Quality Director
650
910
780
Project/Program Management
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Project Manager
325
416
371
Senior Project Manager
455
480
468
Project/Program Director
975
1,300
1,138
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Finance & Accounting
“In 2018, there will be an increase in demand for senior-level finance and accounting roles, particularly in
the property and mining industries. We foresee high levels of turnover in the upcoming year due to market
conditions.”
Roles in demand
Top industries
• Financial/business analysts
• Finance, accounting and tax
managers
Industrial
FMCG
E-commerce
Logistics
• Financial/business controllers
and business partners
By the numbers*
17%
21-25%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Finance & Accounting
Salary Tables
General
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Accountant
150
240
195
Tax Accountant
160
250
205
Financial Accountant
200
280
240
Cost Accountant
200
280
240
Senior Tax Accountant
250
390
320
Group Accountant – Consolidation
420
660
540
Financial/Business Analyst
250
390
320
Senior Financial Analyst
390
520
455
Finance Manager (Small/Medium Organisation)
330
650
490
Finance Manager (Shared Services Centre)
650
800
725
Finance Manager (Large Organisation)
650
850
750
Senior Finance Manager (Small/Medium Organisation)
650
850
750
Senior Finance Manager (Shared Services Centre)
800
1,050
925
Senior Finance Manager (Large Organisation)
800
1,050
925
Costing Manager
390
550
470
Financial & Planning Analysis Manager
500
650
575
Financial Controller (Small/Medium Organisation)
650
850
750
Financial Controller (Large Organisation)
800
1,050
925
Finance Director
1,300
2,000
1,650
Chief Financial Officer
2,500
3,250
2,875
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Finance & Accounting
Salary Tables
Specialist
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Treasury Analyst
150
250
200
Internal Auditor
250
350
300
Senior Internal Auditor
350
450
400
Corporate Finance Manager
450
600
525
Treasury Manager
450
600
525
Internal Audit Manager
450
600
525
Tax Manager
520
780
650
Corporate Finance Director
1,300
2,000
1,650
Treasury Director
750
1,300
1,025
Internal Audit Director
750
1,300
1,025
Tax Director
750
1,300
1,025
Head of Tax
700
900
800
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Financial Services
“2018 will bring high demand for financial services candidates. Talent wars will still be a key issue to be
addressed in this sector, and strong succession planning is on the agenda for most of the big players.”
Roles in demand
Top industries
• Risk and compliance
professionals
Banking
Insurance
Fintech
Securities & Asset
Management
• IT
• Analysts
By the numbers*
10%
31-35%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Regulatory Finance
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10%
25%
30%
Associate / Assistant Vice President
260
780
520
10%
25%
30%
Vice President
780
1,040
910
10%
25%
30%
Executive Director
1,040
1,300
1,170
10%
25%
30%
Managing Director/Head
1,300
2,600
1,950
10%
25%
30%
Product Control
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
20
30
Associate / Assistant Vice President
195
260
228
10
20
30
Vice President
260
390
325
10
20
30
Executive Director
390
520
455
10
20
30
Manging Director/Head
520
780
650
10
20
30
Tax
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
20
30
Associate / Assistant Vice President
260
325
293
10
20
30
Vice President
325
455
390
10
20
30
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Treasury
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
20
30
40
Associate / Assistant Vice President
390
585
488
20
30
40
Vice President
585
780
683
20
30
40
Executive Director
910
1,300
1,105
20
30
40
Managing Director/Head
1,300
1,560
1,430
20
30
40
Project Accounting
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
20
30
Associate / Assistant Vice President
195
260
228
10
20
30
Vice President
260
390
325
10
20
30
Executive Director
390
520
455
10
20
30
Head
520
780
650
10
20
30
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Investment Management
Fund Accounting
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
20
30
Associate / Assistant Manager
195
260
228
10
20
30
Manager
260
390
325
10
20
30
Senior Manager
390
520
455
10
20
30
Director / Head
520
780
650
10
20
30
Corporate Accounting
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
20
30
Associate / Assistant Manager
195
260
228
10
20
30
Manager
260
390
325
10
20
30
Senior Manager
390
520
455
10
20
30
Investment Management
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
BONUS (%)
LOW
MEDIUM
HIGH
Analyst
260
390
325
10
25
40
Associate / Assistant Manager
390
780
585
10
25
40
Manager
780
1,300
1,040
10
25
40
Senior Manager
1,300
2,600
1,950
10
25
40
Director / Head of Audit
2,600
3,900
3,250
10
25
40
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Investment Banking
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
260
390
325
10
25
40
Associate / Assistant Vice President
390
780
585
10
25
40
Vice President
780
1,300
1,040
10
25
40
Executive Director
1,300
2,600
1,950
10
25
40
Managing Director/Head
2,600
3,900
3,250
10
25
40
Insurance
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Auditor
78
130
104
10
25
30
Assistant Manager
130
260
195
10
25
30
Manager
260
390
325
10
25
30
Senior Manager
390
520
455
10
25
30
Director / Head of Audit
520
1,040
780
10
25
30
Quantitative Analysis
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
260
390
325
15
25
35
Associate / Assistant Vice President
520
650
585
15
25
35
Vice President
910
1,040
975
15
25
35
Executive Director
1,040
1,430
1,235
15
25
35
Managing Director/Head
1,430
1,950
1,690
15
25
35
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Risk
Operational Risk
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
25
30
Associate / Assistant Vice President
260
780
520
10
25
30
Vice President
780
1,040
910
10
25
30
Executive Director
1,040
1,300
1,170
10
25
30
Managing Director/Head
1,300
2,600
1,950
10
25
30
Market Risk
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
25
30
Associate / Assistant Vice President
260
780
520
10
25
30
Vice President
780
1,040
910
10
25
30
Executive Director
1,040
1,300
1,170
10
25
30
Managing Director/Head
1,300
2,600
1,950
10
25
30
Credit Risk
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
25
30
Associate / Assistant Vice President
260
780
520
10
25
30
Vice President
780
1,040
910
10
25
30
Executive Director
1,040
1,300
1,170
10
25
30
Managing Director/Head
1,300
2,600
1,950
10
25
30
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Compliance
Investment Banking
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
25
30
Associate / Assistant Vice President
260
780
520
10
25
30
Vice President
780
1,040
910
10
25
30
Executive Director
1,040
1,300
1,170
10
25
30
Managing Director/Head
1,300
2,600
1,950
10
25
30
Investment Management
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
25
30
Associate / Assistant Manager
260
780
520
10
25
30
Manager
780
1,040
910
10
25
30
Senior Manager
1,040
1,300
1,170
10
25
30
Director / Head
1,300
2,600
1,950
10
25
30
Insurance
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Assistant
130
260
195
10
25
30
Assistant Manager
260
325
293
10
25
30
Manager
325
390
358
10
25
30
Senior Manager
390
455
423
10
25
30
Director / Head
650
1,040
845
10
25
30
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Compliance-Anti-Money Laundering
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
65
130
98
10
25
30
Associate / Assistant Vice President
195
390
293
10
25
30
Vice President
390
650
520
10
25
30
Executive Director
650
1,040
845
10
25
30
Managing Director / Head
1,040
1,300
1,170
10
25
30
Operations
Settlements and Corporate Actions
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
20
30
Associate / Assistant Vice President
195
260
228
10
20
30
Vice President
260
390
325
10
20
30
Executive Director
390
520
455
10
20
30
Managing Director/Head
520
780
650
10
20
30
Trade and Sales Support
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
20
30
Associate / Assistant Vice President
195
260
228
10
20
30
Vice President
260
390
325
10
20
30
Executive Director
390
520
455
10
20
30
Managing Director/Head
520
780
650
10
20
30
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Client Services & Onboarding
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
65
130
98
10
25
30
Associate / Assistant Vice President
195
390
293
10
25
30
Vice President
390
650
520
10
25
30
Executive Director
650
1,040
845
10
25
30
Managing Director/Head
1,040
1,300
1,170
10
25
30
Project Operations
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
20
30
Associate / Assistant Vice President
195
260
228
10
20
30
Vice President
260
390
325
10
20
30
Executive Director
390
520
455
10
20
30
Managing Director/Head
520
780
650
10
20
30
Investment Management
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
20
30
Associate / Assistant Vice President
195
260
228
10
20
30
Vice President
260
390
325
10
20
30
Executive Director
390
520
455
10
20
30
Managing Director/Head
520
780
650
10
20
30
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Global Markets - Front Office Banking & Financial Markets
Equity Research
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Research Associate
104
195
150
10
20
30
Senior Research Associate
195
520
358
10
20
30
Writing Analyst
520
780
650
10
20
30
Sector Head
780
1,040
910
10
20
30
Managing Director/Head
1,040
1,300
1,170
10
25
30
Corporate Finance
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
260
390
325
10
25
40
Associate
390
780
585
10
25
40
Vice President
780
1,300
1,040
10
25
40
Director
1,300
2,600
1,950
10
25
40
Managing Director
2,600
3,250
2,925
10
25
40
Sales & Trading
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
104
260
182
10
30
50
Associate
260
520
390
10
30
50
Vice President
520
780
650
10
30
50
Director
780
1,300
1,040
10
30
50
Managing Director
1,300
2,600
1,950
10
30
50
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Corporate Banking Relationship Manager
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
30
50
Associate
260
650
455
10
30
50
Vice President
1,040
1,560
1,300
10
30
50
Director
1,560
2,340
1,950
10
30
50
Managing Director
2,340
2,860
2,600
10
30
50
Structured & Project Finance
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
30
50
Associate
260
650
455
10
30
50
Vice President
1,040
1,560
1,300
10
30
50
Director
1,560
2,340
1,950
10
30
50
Managing Director
2,340
2,860
2,600
10
30
50
Transaction Banking, Trade and Commodity Finance
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
104
260
182
10
30
50
Associate
260
520
390
10
30
50
Vice President
520
780
650
10
30
50
Director
780
1,300
1,040
10
30
50
Managing Director
1,300
2,600
1,950
10
30
50
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Global Markets - Sector, Investment Management
Investment Research (Equity and Fixed Income)
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
260
195
10
25
40
Associate
260
520
390
10
25
40
Vice President
520
780
650
10
25
40
Director
780
1,300
1,040
10
25
40
Managing Director
1,300
1,950
1,625
10
25
40
Portfolio and Fund Management
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Vice President
1,300
1,950
1,625
10
30
50
Director
1,950
2,990
2,470
10
30
50
Managing Director
2,990
3,900
3,445
10
30
50
Fund Sales and Distribution (Institutional and Retail Fund)
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
130
195
163
10
25
40
Associate
195
390
293
10
25
40
Vice President
390
650
520
10
25
40
Director
650
1,300
975
10
25
40
Managing Director
1,300
2,600
1,950
10
25
40
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Financial Services
Salary Tables
Private Banking
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Private Banking Assistant
130
195
163
10
25
40
Assistant Private Banker
195
390
293
10
25
40
Junior Private Banker
390
650
520
10
25
40
Director
650
1,300
975
10
25
40
Managing Director
1,300
2,600
1,950
10
25
40
Private Equity
SALARY RANGE (IDR IN MIL)
BONUS (%)
ROLE
MIN
MAX
AVERAGE
LOW
MEDIUM
HIGH
Analyst
260
390
325
10
25
40
Associate
390
780
585
10
25
40
Vice President
780
1,300
1,040
10
25
40
Director
1,300
2,600
1,950
10
25
40
Managing Director
2,600
3,900
3,250
10
25
40
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Human Resources
“In 2018, many companies will move from human resources to HR business partnering. General demand for
candidates will increase, as startups begin looking for HR ‘human capital’, rather than HR management.”
Roles in demand
Top industries
• Human Resource Heads
F&B
E-commerce
Fragrances & Flavour
Services
• HR Business Partner
• Talent Management
By the numbers*
20%
21-25%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Human Resources
Salary Tables
Banking and Financial Services
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Payroll Specialist
130
195
163
Mobility Specialist
156
390
273
HRIS Specialist
156
390
273
Learning and Development Specialist
156
390
273
Recruitment Specialist
156
390
273
HR Generalist/Business Partner
325
780
553
Organisational Development
390
650
520
Compensation and Benefits Specialist
156
390
273
Head of Human Resources
780
1,560
1,170
Commerce and Industry
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Payroll Specialist
130
195
163
Mobility Specialist
156
390
273
HRIS Specialist
156
390
273
Learning and Development Specialist
156
390
273
Recruitment Specialist
156
390
273
HR Generalist/Business Partner
195
455
325
Organisational Development
390
585
488
Compensation and Benefits Specialist
195
455
325
Head of Human Resources
650
1,560
1,105
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Human Resources
Salary Tables
FMCG
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Payroll Specialist
130
195
163
Mobility Specialist
156
390
273
HRIS Specialist
156
390
273
Learning and Development Specialist
156
585
371
Recruitment Specialist
156
390
273
HR Generalist/Business Partner
195
585
390
Organisational Development
390
650
520
Compensation and Benefits Specialist
195
585
390
Head of Human Resources
650
1,560
1,105
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Legal
“The increase in demand for legal positions in 2018 will be spurred by new investments and increased need
of companies to secure funding, leading to the need for legal help in the areas of acquisition, mergers and
IPOs.”
Roles in demand
Top industries
• General Counsel (In-house)
• Mid level -Senior Associate
(Law firm)
Technology
Infrastructure
Manufacturing
Renewable Energy
• Commerical Legal Counsel
By the numbers*
30%
21-25%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Legal
Salary Tables
Pharmaceutical & FMCG
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Legal Manager
260
390
325
Legal Head
390
845
618
Legal Director
845
1,500
1,173
Government Relations
390
845
618
Corporate Affairs Manager
260
390
325
Corporate Affairs Director
845
1,105
975
Construction & Infrastructure
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Legal Manager
195
325
260
Legal Head
325
845
585
Legal Director
845
1,430
1,138
Government Relations
325
845
585
Corporate Affairs Manager
260
390
325
Corporate Affairs Director
845
1,105
975
Telecommunications & IT
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Legal Manager
195
325
260
Legal Head
325
520
423
Legal Director
845
1,105
975
Government Relations
325
845
585
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Legal
Salary Tables
Financial Services
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Legal Manager
26
52
39
Legal Head
390
650
520
Legal and Compliance Director
780
1,300
1,040
Digital/IT
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Legal Manager
260
520
390
Legal Head
390
1,100
745
Law Firm
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Associate (First Tier)
390
585
488
Senior Associate (First Tier)
650
910
780
Associate (Second Tier)
260
390
325
Senior Associate (Second Tier)
390
650
520
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Marketing
“High demand for marketing candidates will continue in 2018, as it remains a challenge to find top
marketing candidates on the market. Companies will look for candidates with exposure in conventional and
digital spaces and local knowledge.”
Roles in demand
Top industries
• Marketing Heads
• Partnership Managers
Tech start-ups
Agencies
Entertainment
Education
• Digital Marketers
By the numbers*
69%
26-30%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Marketing
Salary Tables
Financial Services
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Marketing Communications Assistant / Executive
65
104
85
Marketing Communications Manager
130
390
260
Marketing Communications Director
325
780
553
Internal Communications Executive
65
104
85
Internal Communications Manager
65
260
163
Internal Communications Director
390
780
585
Public Relations / Corporate Communications Executive
65
104
85
Public Relations / Corporate Communications Manager
130
390
260
Public Relations / Corporate Communications Director
390
910
650
Manufacturing and Industrial
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Marketing Specialist
130
260
195
Product Marketing Manager
260
390
325
Marketing Manager
325
585
455
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Marketing
Salary Tables
Consumer Products & FMCG
Marketing
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Trade Marketing Executive
195
390
293
Trade Marketing Manager
390
780
585
Marketing Executive
65
156
111
Marketing Manager
650
975
813
Head of Marketing
910
1300
1105
Marketing Director
1040
2080
1560
Brand and Product Development
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Brand Executive / Product Executive
104
156
130
Assistant Brand Manager / Assistant Product Manager
130
195
163
Brand Manager / Product Manager
195
325
260
Senior Brand Manager / Senior Product Manager
325
780
553
Research, Product Development and Planning Manager
390
910
650
Public Relations
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Public Relations Executive
65
195
130
Public Relations Manager
195
390
292.5
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Marketing
Salary Tables
Media and Entertainment
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Assistant Marketing Manager
156
234
195
Circulation / Marketing Manager
240
299
270
Marketing Manager
240
299
270
Events Manager
195
286
241
Circulation / Marketing Director
390
520
455
Professional Services
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Marketing Executive
130
195
163
Marketing Manager
208
286
247
Marketing Director
416
481
449
Research Manager
195
260
228
Public Relations / Media Communications Manager
227
286
257
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Procurement &
Supply Chain
“Indonesia will experience continuous growth in terms of economy and infrastructure in 2018, bringing
the importance of procurement and supply chain to the forefront. As a result, we foresee high demand for
supply chain and logistics professionals.”
Roles in demand
Top industries
• Planning / S&OP
FMCG
Logistics
B2B Manufacturing
Retail
• Procurement Managers
• Logistics Professionals
By the numbers*
30%
21-25%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Procurement & Supply Chain
Salary Tables
Warehousing
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Warehouse Supervisor
104
195
150
Assistant Warehouse Manager
130
260
195
Warehouse Manager
195
390
293
Warehouse Operations and Logistics Manager
260
455
358
Regional Warehouse Operations and Logistics Manager
325
520
423
Logistics
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Logistics Supervisor
130
208
169
Assistant Logistics Manager
156
325
241
Logistics Manager
260
520
390
Senior Logistics Manager
455
910
683
Director / Vice President-Operations and Logistics
1,040
1,430
1,235
Supply Chain
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Planner / Analyst
78
130
104
Senior Planner / Senior Analyst
104
195
150
Assistant Supply Chain / Planning Manager
156
390
273
Supply Chain Manager
325
650
488
Regional Supply Chain Manager (APAC)
650
1,040
845
Supply Chain Director
1,040
1,560
1,300
Head of Supply Chain
845
1,300
1,073
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Procurement & Supply Chain
Salary Tables
Manufacturing & Production
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Material Planning and Control Supervisor
104
195
150
Material Planning and Control Manager
195
390
293
Production Manager
210
520
365
Factory / Plant Manager
390
780
585
General Manager
520
910
715
Engineering
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Project Management
130
210
170
Engineering (Manufacturing,Mechanical, Electrical and Electronic)
130
210
170
Procurement
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Procurement Officer
65
104
85
Senior Procurement Officer
78
156
117
Assistant Procurement Manager
156
286
221
Procurement Manager
195
455
325
Senior Procurement Manager / Regional Manager
390
715
553
Director
1,040
1,560
1,300
Regional Head
1,040
1,560
1,300
Global Head
1,625
3,250
2,438
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Procurement & Supply Chain
Salary Tables
Quality, Compliance & Process Improvement
Operations
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Senior Officer, Process Improvement
104
156
130
Assistant Manager, Process Improvement
195
260
228
Manager of Process Improvement / Operations Excellence
390
585
488
Director of Process Improvement / Operations Excellence
650
1,040
845
Quality Assurance & Compliance
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Quality Assurance Officer
78
104
91
Quality Assurance Senior Officer
117
156
137
Quality Assurance Assistant Manager
130
195
163
Quality Assurance Manager
195
455
325
Quality Assurance Director
650
910
780
Head of Quality Assurance
780
1,040
910
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Property & Construction
“Property and construction is rapidly growing in Indonesia and will continue to do so in 2018. Many foreign
companies are investing, leading to high demand for candidates, especially in tourism, hotels, shopping
malls and F&B.”
Roles in demand
Top industries
• Project Managers
• Structural Managers
Property Developer
Consultancy
EPC
EPCM
• Schedulers
By the numbers*
83%
26-30%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Property & Construction
Salary Tables
Consultancy
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Property Manager
351
455
403
Project Engineer
325
455
390
Project Manager
520
650
585
Project Director
1,040
1,235
1,138
Leasing Manager
260
390
325
Design Manager
325
455
390
Facilities Manager
260
455
358
Facilities Director
910
1,040
975
Valuations Manager
299
390
345
Head of Valuations
520
780
650
Corporate Real Estate
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Facilities Manager
299
455
377
Project Manager
520
650
585
Head of Facilities
600
910
755
Head of Engineering
500
780
640
Regional Head of Facilities
1,040
1,300
1,170
Regional Head of Engineering
900
1,040
970
Regional Head of Corporate Real Estate
1,200
1,560
1,380
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Property & Construction
Salary Tables
Projects
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Project Manager
500
785
643
Project Director
1,300
1,400
1,350
Interior Designer
200
250
225
Design Manager
250
375
313
Project Development Manager
585
715
650
Head of Development
1,170
1,950
1,560
Real Estate Investments
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Asset Management Manager
400
585
493
Portfolio Management Manager
400
585
493
Investment Management Manager
400
650
525
Head of Asset Management
650
1,040
845
Head of Portfolio Management
650
1,040
845
Head of Investment Management
780
1,170
975
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Sales
“Demand for sales will be strong due to infrastructure development, and an increase in mining and
logistics. Strong sales and RTM profiles will be in high demand for FMCGs to cope with challenging market
situations.”
Roles in demand
Top industries
• Key Account Managers
• Route to Market Managers
Infrastructure
Logistics
Fintech
Power and Energy
• Sales Heads
By the numbers*
69%
16-20%
average salary increase
when moving jobs
$
increase in number of
positions in the last
12 months
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Sales
Salary Tables
Advertising Agency
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Account Manager
234
325
302
Account Director
325
650
569
Group Account Director
520
780
715
Business Director
585
975
878
Managing Director / General Manager
1,130
2,145
1,891
PR Agency
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Account Executive
130
156
150
Account Manager
195
260
244
Account Director
351
390
380
Director
416
546
514
Executive Director
585
741
702
Managing Director / General Manager
780
910
878
FInancial Services
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Sales Executive
65
130
114
Sales Manager
195
390
341
Sales Director
390
910
780
Manufacturing and Industrial
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Sales Engineer / Senior Sales Engineer
195
520
439
Sales Manager / Business Development Manager
325
650
569
General Manager / Director
1,105
1,690
1,544
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Sales
Salary Tables
Consumer Products & FMCG
Account Management
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Key Account Executive
104
156
143
Assistant Key Account Manager
130
208
189
Key Account Manager
195
455
390
National Key Account Manager
455
910
796
Sales
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Area Sales Manager
195
325
293
Regional Sales Manager
325
650
569
National Sales Manager
650
1,040
943
Sales Director
1,040
2,210
1,918
IT & Telecommunications
Account Management
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Channel Account Manager / Account Manager
195
520
439
Sales Manager / Global Account Director
195
910
731
Division Manager / Sales and Marketing Manager / General Sales Manager
650
910
845
Vice President/Sales and Marketing / Sales and Marketing Director / Marketing Director
780
1,560
1,365
Managing Director / General Manager
1,040
1,950
1,723
Sales Director / Business Development Director
780
1,560
1,365
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Sales
Salary Tables
Media and Entertainment
Sales and Business Development
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Assistant Sales Manager
195
325
293
Sales / Business Development Manager
208
325
296
Advertising / Media Sales Manager
228
325
301
Sales / Business Development Director
455
624
582
Advertising / Media Sales Director
780
1,040
975
General Manager
624
845
790
Professional Services
Business Development and Research
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Business Development Executive
130
163
154
Business Development Manager
195
325
293
Business Development Director
390
585
536
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Indonesia
Technology
“High demand for technology candidates will continue into 2018, especially at the managerial level and
above. Candidates with IT security and risk experience are highly sought after, along with those who have
entrepreneurial soft-skills and global experience.”
Roles in demand
Top industries
• IT Heads
• IT Security Managers
Digital start-ups
Consumer Goods
Fintech
Industrial/Engineering
• Software Engineers
(all levels)
By the numbers*
$
20-35% average salary increase when moving jobs
Employment trends*
4 professionals
average number of candidates
employers interview before
making a job offer
1-4 months
average time employers
take to secure talent
3 rounds
of interviews typically undergone
by candidate with a company
before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Technology
Salary Tables
Banking and Financial Services
Development, Design and Architecture
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Developer
208
286
247
Mobile Developer
143
286
215
System Analyst
143
286
215
Application Development Manager
325
429
377
Infrastructure and Network
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Infrastructure Manager
260
520
390
Head of Infrastructure
390
780
585
Project Management
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Business Analyst
195
325
260
Project Manager
390
650
520
Project Director
650
1,300
975
General Management
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
IT Manager
455
715
585
IT Director
780
1,690
1,235
Chief Technology Officer
1,040
3,900
2,470
Chief Information Officer
1,040
3,900
2,470
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Technology
Salary Tables
Support and Administration
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
IT Helpdesk
104
195
150
Desktop Support Analyst
104
195
150
System Administrator
104
208
156
Service Desk Manager
195
390
293
Head of Operations and Support
325
416
371
Commerce
Development, Design and Architecture
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Developer
130
234
182
Analyst Programmer
130
260
195
System Analyst
130
286
208
Solution Architect
195
390
293
Application Development Manager
325
416
371
Head of Application Development
325
520
423
Infrastructure and Network
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Infrastructure Manager
260
520
390
Head of Infrastructure
390
780
585
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
SALARY
BENCHMARK
2018
Technology
Salary Tables
Project Management
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
Business Analyst
169
260
215
Project Manager
390
910
650
Project/ Programme Director
650
1,170
910
General Management
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
IT Manager
260
715
488
IT Director
520
1,105
813
Chief Technology Officer
910
2,600
1,755
Support and Administration
SALARY RANGE (IDR IN MIL)
ROLE
MIN
MAX
AVERAGE
IT Helpdesk
104
195
150
Desktop Support Analyst
104
195
150
System Administrator
104
195
150
Service Desk Manager
195
260
228
Head of Operations and Support
325
455
390
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Worldwide leaders in specialist recruitment
www.michaelpage.co.id
INDONESIA
Jakarta
Level 12, One Pacific Place
Sudirman Central Business District, Jl. Jend. Sudirman Kav. 52 – 53
Jakarta 12190 Indonesia
T +62 21 295 88800 | F +62 21 295 88801
enquiries@michaelpage.co.id