Multimedia Specialist Average Salary in Nicaragua 2023
How much money does a Multimedia Specialist make in Nicaragua?
LOW
5,110
NIO AVERAGE
11,100
NIO HIGH
17,700
NIO
A person working as a Multimedia Specialist in Nicaragua typically earns around 11,100 NIO per month. Salaries range from 5,110 NIO (lowest) to 17,700 NIO (highest).
This is the average monthly salary including housing, transport, and other benefits. Multimedia Specialist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Multimedia Specialist Salary Distribution in Nicaragua
The median, the maximum, the minimum, and the range
Salary Range
Multimedia Specialist salaries in Nicaragua range from 5,110 NIO per month (minimum salary) to 17,700 NIO per month (maximum salary).
Median Salary
The median salary is 12,000 NIO per month, which means that half (50%) of people working as Multimedia Specialist(s) are earning less than 12,000 NIO while the other half are earning more than 12,000 NIO. 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 Multimedia Specialist(s) are earning less than 7,700 NIO while 75% of them are earning more than 7,700 NIO. Also from the diagram, 75% of Multimedia Specialist(s) are earning less than 16,000 NIO while 25% are earning more than 16,000 NIO.
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
Multimedia Specialist Salary Comparison by Years of Experience
How does experience and age affect your pay?
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 Multimedia Specialist salaries by experience level and this is what we found.
A Multimedia Specialist with less than two years of experience makes approximately 5,810 NIO per month.
While someone with an experience level between two and five years is expected to earn 7,750 NIO per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 11,500 NIO per month, 48% more than someone with two to five years of experience.
Additionally, Multimedia Specialist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,000 NIO per month, 22% 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 15,200 NIO per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 16,500 NIO per month, 8% more than people with fifteen to twenty years of experience.
Multimedia Specialist average salary change by experience in Nicaragua
| 0 - 2 Years | 5,810 NIO | |
| 2 - 5 Years | +34% | 7,750 NIO |
| 5 - 10 Years | +48% | 11,500 NIO |
| 10 - 15 Years | +22% | 14,000 NIO |
| 15 - 20 Years | +9% | 15,200 NIO |
| 20+ Years | +8% | 16,500 NIO |
Typical Salary Progress for Most Careers
Multimedia Specialist Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Multimedia Specialist(s) who have the same experience but different education levels.
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 Multimedia Specialist salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Multimedia Specialist is 7,120 NIO per month.
While someone with a Certificate or Diploma gets a salary of 8,380 NIO per month, 18% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 12,100 NIO per month, 45% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 15,900 NIO per month, 31% more than someone with Bachelor's Degree.
Multimedia Specialist average salary difference by education level in Nicaragua
| High School | 7,120 NIO | |
| Certificate or Diploma | +18% | 8,380 NIO |
| Bachelor's Degree | +45% | 12,100 NIO |
| Master's Degree | +31% | 15,900 NIO |
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 Nicaragua costs anywhere from 94,700 Cordoba Oro(s) to 284,000 Cordoba Oro(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
Multimedia Specialist Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Multimedia Specialist employees in Nicaragua earn 14% more than their female counterparts on average.
| Male | 11,900 NIO | |
| Female | -13% | 10,400 NIO |
Salary Comparison By Gender in Nicaragua for all Careers
Multimedia Specialist Average Annual Salary Increment Percentage in Nicaragua
How much are annual salary increments in Nicaragua for Multimedia Specialist(s)? How often do employees get salary raises?
Multimedia Specialist
Multimedia Specialist(s) in Nicaragua are likely to observe a salary increase of approximately 7% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Nicaragua / 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
Annual Increment Rate By Industry 2022
| Banking | 3% | |
| Energy | 6% | |
| Information Technology | 9% | |
| Healthcare | 3% | |
| Travel | 6% | |
| Construction | 9% | |
| Education | 3% |
Listed above are the average annual increase rates for each industry in Nicaragua for the year 2022. 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
Multimedia Specialist Bonus and Incentive Rates in Nicaragua
How much and how often are bonuses being awarded?
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A Multimedia Specialist 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.
85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
| Received Bonus | 15% | |
| No Bonus | 85% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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.
Multimedia Specialist Average Hourly Wage in Nicaragua
64 NIO per hourThe average hourly wage (pay per hour) in Nicaragua is 64 NIO. This means that the average Multimedia Specialist in Nicaragua earns approximately 64 NIO for every worked hour.
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.
Multimedia Specialist VS Other Jobs
The average salary for Multimedia Specialist is 38% less than that of Advertising / Grapic Design / Events. Also, Advertising / Grapic Design / Events salaries are 6% less than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Advertising Account Executive | 20,600 NIO |  +85% |
| Advertising Account Manager | 21,800 NIO | +96% |
| Advertising Account Planner | 11,800 NIO | +6% |
| Advertising Coordinator | 14,500 NIO | +30% |
| Advertising Manager | 31,000 NIO | +180% |
| Advertising Operations Manager | 31,600 NIO | +180% |
| Advertising Strategic Planner | 20,200 NIO | +82% |
| Advertising Team Leader | 17,600 NIO | +58% |
| Animator | 14,100 NIO | +27% |
| Art Director | 18,500 NIO | +66% |
| Artist | 14,900 NIO | +34% |
| Artworker | 11,200 NIO | +1% |
| Assistant Art Director | 13,900 NIO | +25% |
| Audiosual Technician | 11,200 NIO | +1% |
| Broadcast Administrator | 19,200 NIO | +73% |
| Catering Sales | 12,600 NIO | +13% |
| Catering Trainer | 14,000 NIO | +26% |
| Commercial and Industrial Designer | 10,900 NIO |  -2% |
| Conference Organiser | 13,800 NIO | +24% |
| Content and Media Production Lead | 20,600 NIO | +85% |
| CopyWriter | 13,100 NIO | +18% |
| Creative Designer | 13,800 NIO | +24% |
| Creative Director | 18,400 NIO | +66% |
| Designer | 10,900 NIO | -2% |
| Desktop Publisher | 8,830 NIO | -21% |
| Director of Graphic Design | 16,800 NIO | +51% |
| Events and Promotions Manager | 30,400 NIO | +170% |
| Exhibit Display Coordinator | 13,700 NIO | +23% |
| Exhibit Display Manager | 19,400 NIO | +75% |
| Finisher | 9,220 NIO | -17% |
| Graphic Artist | 12,100 NIO | +9% |
| Graphic Designer | 11,500 NIO | +3% |
| Graphics Design Supervisor | 16,700 NIO | +50% |
| Imagery Analyst | 10,500 NIO | -6% |
| Imaging Technologist | 11,100 NIO | -0% |
| Interaction Designer | 9,920 NIO | -11% |
| Media Planner | 15,900 NIO | +43% |
| Media Production Coordinator | 13,400 NIO | +21% |
| Media Production Manager | 25,500 NIO | +130% |
| Media Project Manager | 26,200 NIO | +140% |
| Media Relations Representative | 20,800 NIO | +87% |
| Media Sales Executive | 23,900 NIO | +110% |
| Multimedia Specialist | 11,100 NIO | -0% |
| Photographer | 10,200 NIO | -8% |
| PPC Campaign Manager | 19,100 NIO | +72% |
| Print Production Manager | 21,300 NIO | +92% |
| Product and Brand Manager | 29,300 NIO | +160% |
| Sales Promotion Manager | 28,100 NIO | +150% |
| Sketch Artist | 13,300 NIO | +20% |
| Social Media Executive | 23,800 NIO | +110% |
| Technical Typist | 8,450 NIO | -24% |
| User Experience UX Designer | 12,700 NIO | +14% |
| UX Designer | 11,300 NIO | +2% |
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 Nicaragua earn 14% more than their private sector counterparts on average across all sectors.
| Private Sector | 18,000 NIO | |
| Public Sector | +14% | 20,400 NIO |
