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Laboratory Technician Average Salary in Marshall Islands 2020

How much money does a Laboratory Technician make in Marshall Islands?


Average Monthly Salary
1,760 USD
( 21,200 USD yearly)

LOW
880
USD
AVERAGE
1,760
USD
HIGH
2,730
USD

A person working as a Laboratory Technician in Marshall Islands typically earns around 1,760 USD per month. Salaries range from 880 USD (lowest) to 2,730 USD (highest).

This is the average monthly salary including housing, transport, and other benefits. Laboratory Technician salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Laboratory Technician Salary Distribution in Marshall Islands

Median and salary distribution monthly Marshall Islands Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Marshall Islands range from 880 USD per month (minimum salary) to 2,730 USD per month (maximum salary).

  • Median Salary

    The median salary is 1,760 USD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 1,760 USD while the other half are earning more than 1,760 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Laboratory Technician(s) are earning less than 1,190 USD while 75% of them are earning more than 1,190 USD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 2,250 USD while 25% are earning more than 2,250 USD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Marshall Islands Laboratory Technician
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 1,060 USD per month.

While someone with an experience level between two and five years is expected to earn 1,400 USD per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 1,870 USD per month, 34% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,230 USD per month, 19% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 2,410 USD per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 2,590 USD per month, 7% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Marshall Islands

0 - 2 Years
1,060 USD
2 - 5 Years+32%
1,400 USD
5 - 10 Years+34%
1,870 USD
10 - 15 Years+19%
2,230 USD
15 - 20 Years+8%
2,410 USD
20+ Years+7%
2,590 USD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Laboratory Technician(s) who have the same experience but different education levels.

Salary comparison by education level monthly Marshall Islands Laboratory Technician
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Laboratory Technician salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 1,510 USD per month.

While someone with a Master's Degree gets a salary of 2,380 USD per month, 58% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Marshall Islands

Bachelor's Degree
1,510 USD
Master's Degree+58%
2,380 USD
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Marshall Islands costs anywhere from 11,300 US Dollar(s) to 33,800 US Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Marshall Islands Laboratory Technician
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Laboratory Technician employees in Marshall Islands earn 6% more than their female counterparts on average.

Male
1,810 USD
Female-6%
1,700 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Marshall Islands for all Careers

Salary comparison by gender monthly Marshall Islands
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Laboratory Technician Average Annual Salary Increment Percentage in Marshall Islands

How much are annual salary increments in Marshall Islands for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Marshall Islands are likely to observe a salary increase of approximately 6% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Marshall Islands Laboratory Technician
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Marshall Islands / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Marshall Islands is 2%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Marshall Islands for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Laboratory Technician Bonus and Incentive Rates in Marshall Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Marshall Islands Laboratory Technician
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A Laboratory Technician is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.

Received Bonus
12%
No Bonus
88%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Laboratory Technician Average Hourly Wage in Marshall Islands


10 USD per hour

The average hourly wage (pay per hour) in Marshall Islands is 10 USD. This means that the average Laboratory Technician in Marshall Islands earns approximately 10 USD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Marshall Islands
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The average salary for Laboratory Technician is 37% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician4,430 USD+150%
Admitting Officer1,640 USD-7%
Ambulance Dispatcher1,790 USD+2%
Ambulance Driver1,540 USD-13%
Ambulance Officer and Paramedic1,900 USD+8%
Ambulatory Services Director3,270 USD+85%
Anatomic Pathology Supervisor4,160 USD+140%
Anesthesia Technician2,440 USD+38%
Anesthesiologist6,890 USD+290%
Anesthesiology Assistant2,390 USD+36%
Assistant Optometrist2,070 USD+17%
Audiologist4,150 USD+140%
Biomedical Engineering Director3,230 USD+83%
Biomedical Engineering Technician1,590 USD-10%
Cardiac Technician1,590 USD-10%
Cardiovascular Specialist9,040 USD+410%
Cardiovascular Technologist3,210 USD+82%
Central Sterile Processing Technician1,860 USD+6%
Charge Entry Specialist2,130 USD+21%
Clinical Application Specialist2,140 USD+21%
Clinical Biochemist3,810 USD+120%
Clinical Cytogeneticist3,360 USD+91%
Clinical Data Reviewer2,000 USD+13%
Clinical Development Specialist2,590 USD+47%
Clinical Field Associate2,150 USD+22%
Clinical Genetic Technologist3,170 USD+80%
Clinical Microbiologist4,580 USD+160%
Clinical Molecular Geneticist3,570 USD+100%
Clinical Neuropsychologist4,590 USD+160%
Clinical Research Coordinator2,410 USD+37%
Clinical Scientist4,540 USD+160%
CME Specialist3,440 USD+95%
CT Technologist2,090 USD+19%
Cytogenetic Technologist3,230 USD+83%
Diagnostic Medical Sonographer2,570 USD+46%
Dispensing Optician1,960 USD+11%
Dosimetrist2,970 USD+68%
EKG Technician2,030 USD+15%
Endoscopic Assistant1,780 USD+1%
Endoscopy Technician1,870 USD+6%
Enterostomal Therapist2,830 USD+61%
Epidemiologist3,840 USD+120%
FGP Ultrasound Techncian1,930 USD+9%
Health Systems Specialist2,640 USD+50%
Health Technologist3,060 USD+74%
Healthcare Data Analyst2,120 USD+20%
Hearing Aid Specialist2,230 USD+26%
Histotechnologist2,920 USD+66%
Immunologist4,000 USD+130%
Industrial Hygienist2,990 USD+70%
Infection Control Coordinator2,040 USD+16%
Infection Control Practitioner4,540 USD+160%
Infection Preventionist3,380 USD+92%
Informatics Practice Specialist2,560 USD+45%
Interventional Radiographer3,500 USD+99%
Lab Assistant1,750 USD-1%
Laboratory Manager3,240 USD+84%
Laboratory Technician1,760 USD-0%
Low Vision Therapist3,690 USD+110%
Mammography Technician1,740 USD-1%
Medical Coder1,530 USD-13%
Medical Courier1,230 USD-30%
Medical Equipment Preparer1,780 USD+1%
Medical Forms Designer1,460 USD-17%
Medical Technologist1,980 USD+12%
MRI Technologist1,860 USD+6%
Music Therapist2,600 USD+47%
Neonatologist4,920 USD+180%
Neurodiagnostic Techncian1,900 USD+8%
Neuropsychology Testing Assistant1,690 USD-4%
Nuclear Medical Technician2,420 USD+37%
Nuclear Medicine Technolgoist2,440 USD+38%
Nutrition Assistant1,750 USD-1%
Occupaitional Therapy Assistant1,910 USD+8%
Operating Room Scheduler1,660 USD-6%
Operating Room Services Director5,310 USD+200%
Ophthalmic Assistant1,950 USD+11%
Ophthalmic Laboratory Technician1,830 USD+4%
Optician4,130 USD+130%
Orthopedic Technician1,850 USD+5%
Orthoptist4,940 USD+180%
Orthotist5,120 USD+190%
Pathology Assistant1,800 USD+2%
Perfusionist5,510 USD+210%
Phlebotomist1,400 USD-21%
Pre Authorization Case Manager2,580 USD+46%
Prosthetist4,250 USD+140%
Radiation Therapist6,500 USD+270%
Radiation Therapy Technologist2,500 USD+42%
Radiographer4,150 USD+140%
Radiography Technologist2,580 USD+46%
Radiologic Technologist2,530 USD+44%
Radiology Technologist2,650 USD+50%
Respiratory Care Practitioner4,550 USD+160%
Respiratory Therapist3,680 USD+110%
Respiratory Therapy Technician2,070 USD+17%
Sonographer2,440 USD+38%
Sonography Technologist2,570 USD+46%
Speech and Language Pathologist3,740 USD+110%
Ultrasonographer1,950 USD+11%
Ultrasound Technologist1,980 USD+12%
Vascular Technologist1,870 USD+6%
X-Ray Technologist2,570 USD+46%

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Marshall Islands earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
2,100 USD
Public Sector+17%
2,460 USD
Percentage increase and decrease are relative to the previous value

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