Here is the list of top 20 highest paid managers in world of football today, this is an updated list of march 2016.

Manchester City will be paying around £15 million a year salary to Pep Guardiola to take charge of City from 2016-17 season onwards.
NO# | MANAGER | TEAM | SALARY |
1 | Pep Guardiola(New) | Manchester City | £15m (3 year deal set to start in 2016-17 season |
2 | Jose Mourinho(new) | Manchester United | £13.8m (3 year deal with option to extend to fourth year) |
3 | Carlo Ancelotti(new) | Bayern Munich | £9m (signed a 3 year deal to remain at Bayern till 2019) |
4 | Arsene Wenger | Arsenal | £8.30m (signed a 3 year deal in May 2014) |
5 | Zinedine Zidane | Real Madrid | £8m (2 and half year deal) |
6 | Jurgen Klopp | Liverpool | £7m (3 year deal) |
7 | Antonio Conte(new) | Chelsea | £6.5m (3 year deal from 2016-17 season) |
8 | Luis Enrique | FC Barcelona | £7m |
9 | Mauricio Pochettino (new deal) | Tottenham | £5.5m (signed 5 year extension till 2021 season) |
10 | Unai Emery (new) | PSG | £5.65m |
11 | Ronald Koeman | Everton | £6m (signed a 3 year deal) |
12 | Rafael Benitez | Newcastle United | £4.5m (signed a three year deal after newcastle were relegated) |
13 | Diego Simone | Atletico Madrid | £4.4m (signed a new three year deal back in summer 2015) |
14 | Massimiliano Allegri | Juventus | £3.50m |
15 | Sam Allerdyce(new) | England | £3.50m |
16 | Frank De Boer(new) | Inter Milan | £3.20m |
17 | Claudio Ranieri | Leicester City | £3m (signed a improved deal in 2016. £5m bonus for League win) |
18 | Slaven Bilic | West Ham United | £2.95m |
19 | Joachim Low | Germany | £2.80m |
20 | Tite | Brazil | £2.5m |
21 | Walter Mazzarri | Watford | £2.5m |
22 | Alan Pardew | Benfica | £2m |
23 | Vincenzo Montella | AC Milan | £1.8m |
24 | Rui Vitória | Benfica | £1.5m |