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Laboratory Technician Average Salary in Nicaragua 2020

How much money does a Laboratory Technician make in Nicaragua?


Average Monthly Salary
14,100 NIO
( 169,000 NIO yearly)

LOW
7,320
NIO
AVERAGE
14,100
NIO
HIGH
21,500
NIO

A person working as a Laboratory Technician in Nicaragua typically earns around 14,100 NIO per month. Salaries range from 7,320 NIO (lowest) to 21,500 NIO (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 Nicaragua

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

  • Salary Range

    Laboratory Technician salaries in Nicaragua range from 7,320 NIO per month (minimum salary) to 21,500 NIO per month (maximum salary).

  • Median Salary

    The median salary is 13,500 NIO per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 13,500 NIO while the other half are earning more than 13,500 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 Laboratory Technician(s) are earning less than 9,380 NIO while 75% of them are earning more than 9,380 NIO. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 16,800 NIO while 25% are earning more than 16,800 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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Nicaragua 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 8,320 NIO per month.

While someone with an experience level between two and five years is expected to earn 11,200 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 14,500 NIO per month, 30% 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 17,600 NIO per month, 21% 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 19,200 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 20,200 NIO per month, 5% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Nicaragua

0 - 2 Years
8,320 NIO
2 - 5 Years+34%
11,200 NIO
5 - 10 Years+30%
14,500 NIO
10 - 15 Years+21%
17,600 NIO
15 - 20 Years+9%
19,200 NIO
20+ Years+5%
20,200 NIO
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 Nicaragua 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 11,700 NIO per month.

While someone with a Master's Degree gets a salary of 16,300 NIO per month, 39% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Nicaragua

Bachelor's Degree
11,700 NIO
Master's Degree+39%
16,300 NIO
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 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

Salary Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Nicaragua 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 Nicaragua earn 9% more than their female counterparts on average.

Male
14,800 NIO
Female-8%
13,600 NIO
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Nicaragua for all Careers

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

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

Laboratory Technician

Laboratory Technician(s) in Nicaragua 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 Nicaragua 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.

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

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

Annual Increment Rate By Industry 2019

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 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 Nicaragua

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Nicaragua 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.

90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
10%
No Bonus
90%

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 Nicaragua


81 NIO per hour

The average hourly wage (pay per hour) in Nicaragua is 81 NIO. This means that the average Laboratory Technician in Nicaragua earns approximately 81 NIO 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 Nicaragua
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The average salary for Laboratory Technician is 40% 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 Clinician35,700 NIO+150%
Admitting Officer13,800 NIO-2%
Ambulance Dispatcher14,300 NIO+2%
Ambulance Driver12,600 NIO-11%
Ambulance Officer and Paramedic15,700 NIO+11%
Ambulatory Services Director27,700 NIO+97%
Anatomic Pathology Supervisor33,100 NIO+140%
Anesthesia Technician21,100 NIO+50%
Anesthesiologist60,100 NIO+330%
Anesthesiology Assistant20,100 NIO+43%
Assistant Optometrist16,500 NIO+17%
Audiologist34,500 NIO+140%
Biomedical Engineering Director25,800 NIO+83%
Biomedical Engineering Technician13,000 NIO-8%
Cardiac Technician13,300 NIO-6%
Cardiovascular Specialist74,800 NIO+430%
Cardiovascular Technologist27,200 NIO+93%
Central Sterile Processing Technician15,200 NIO+8%
Charge Entry Specialist17,200 NIO+22%
Clinical Application Specialist16,600 NIO+18%
Clinical Biochemist32,100 NIO+130%
Clinical Cytogeneticist26,200 NIO+86%
Clinical Data Reviewer17,600 NIO+25%
Clinical Development Specialist21,000 NIO+49%
Clinical Field Associate17,800 NIO+26%
Clinical Genetic Technologist26,900 NIO+91%
Clinical Microbiologist36,500 NIO+160%
Clinical Molecular Geneticist29,100 NIO+110%
Clinical Neuropsychologist38,500 NIO+170%
Clinical Research Coordinator19,700 NIO+40%
Clinical Scientist37,800 NIO+170%
CME Specialist29,100 NIO+110%
CT Technologist17,500 NIO+24%
Cytogenetic Technologist25,000 NIO+78%
Diagnostic Medical Sonographer20,700 NIO+47%
Dispensing Optician16,000 NIO+14%
Dosimetrist24,800 NIO+76%
EKG Technician17,000 NIO+21%
Endoscopic Assistant15,600 NIO+11%
Endoscopy Technician14,500 NIO+3%
Enterostomal Therapist24,700 NIO+75%
Epidemiologist31,600 NIO+120%
FGP Ultrasound Techncian15,400 NIO+9%
Health Systems Specialist21,400 NIO+52%
Health Technologist25,300 NIO+80%
Healthcare Data Analyst18,600 NIO+32%
Hearing Aid Specialist18,200 NIO+29%
Histotechnologist22,500 NIO+60%
Immunologist34,800 NIO+150%
Industrial Hygienist24,700 NIO+75%
Infection Control Coordinator17,300 NIO+23%
Infection Control Practitioner39,500 NIO+180%
Infection Preventionist27,200 NIO+93%
Informatics Practice Specialist19,900 NIO+41%
Interventional Radiographer29,500 NIO+110%
Lab Assistant14,500 NIO+3%
Laboratory Manager25,300 NIO+80%
Laboratory Technician14,100 NIO+0%
Low Vision Therapist32,400 NIO+130%
Mammography Technician14,500 NIO+3%
Medical Coder13,300 NIO-6%
Medical Courier9,930 NIO-29%
Medical Equipment Preparer15,400 NIO+9%
Medical Forms Designer11,800 NIO-16%
Medical Technologist15,300 NIO+9%
MRI Technologist14,300 NIO+2%
Music Therapist20,900 NIO+48%
Neonatologist40,900 NIO+190%
Neurodiagnostic Techncian14,600 NIO+4%
Neuropsychology Testing Assistant13,900 NIO-1%
Nuclear Medical Technician21,100 NIO+50%
Nuclear Medicine Technolgoist19,800 NIO+41%
Nutrition Assistant14,600 NIO+4%
Occupaitional Therapy Assistant15,900 NIO+13%
Operating Room Scheduler13,300 NIO-6%
Operating Room Services Director43,800 NIO+210%
Ophthalmic Assistant16,200 NIO+15%
Ophthalmic Laboratory Technician15,500 NIO+10%
Optician34,000 NIO+140%
Orthopedic Technician15,600 NIO+11%
Orthoptist41,700 NIO+200%
Orthotist39,900 NIO+180%
Pathology Assistant14,000 NIO-1%
Perfusionist48,100 NIO+240%
Phlebotomist11,200 NIO-20%
Pre Authorization Case Manager22,300 NIO+58%
Prosthetist35,500 NIO+150%
Radiation Therapist51,800 NIO+270%
Radiation Therapy Technologist21,700 NIO+54%
Radiographer32,300 NIO+130%
Radiography Technologist20,800 NIO+48%
Radiologic Technologist21,900 NIO+55%
Radiology Technologist20,500 NIO+46%
Respiratory Care Practitioner39,900 NIO+180%
Respiratory Therapist29,500 NIO+110%
Respiratory Therapy Technician16,800 NIO+19%
Sonographer20,700 NIO+47%
Sonography Technologist20,700 NIO+47%
Speech and Language Pathologist30,400 NIO+120%
Ultrasonographer16,600 NIO+18%
Ultrasound Technologist16,500 NIO+17%
Vascular Technologist14,900 NIO+6%
X-Ray Technologist20,000 NIO+42%

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
Percentage increase and decrease are relative to the previous value

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