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Average Salary in Peru 2020

How much money does a person working in Peru make?


Average Monthly Salary
7,600 PEN
( 91,200 PEN yearly)

LOW
1,030
PEN
AVERAGE
7,600
PEN
HIGH
33,700
PEN

A person working in Peru typically earns around 7,600 PEN per month. Salaries range from 1,030 PEN (lowest average) to 33,700 PEN (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Peru

Median and salary distribution monthly Peru
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Peru range from 1,030 PEN per month (minimum salary) to 33,700 PEN per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 8,060 PEN per month, which means that half (50%) of the population are earning less than 8,060 PEN while the other half are earning more than 8,060 PEN. 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 the population are earning less than 4,090 PEN while 75% of them are earning more than 4,090 PEN. Also from the diagram, 75% of the population are earning less than 22,100 PEN while 25% are earning more than 22,100 PEN.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Peru costs anywhere from 38,000 Nuevo Sol(s) to 114,000 Nuevo Sol(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Peru
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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 employees in Peru earn 13% more than their female counterparts.

Female
7,190 PEN
Male+13%
8,120 PEN
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Peru

How much are annual salary increments in Peru? How often do employees get salary raises?

Peru

Employees in Peru are likely to observe a salary increase of approximately 9% every 17 months.

Annual Salary Increment Rate Peru
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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.

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 Peru is 6%.

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 Peru 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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Peru

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Peru
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46% of surveyed staff in Peru reported that they haven't received any bonuses or incentives in the previous year while 54% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
54%
No Bonus
46%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Peru
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Where can you get paid more, working for a private company or for the government? Public sector employees in Peru earn 9% more than their private sector counterparts.

Private Sector
7,310 PEN
Public Sector+9%
7,950 PEN
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Peru

How are Peru salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Peru
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Average Salary 2016
6,690 PEN
Average Salary 2017+4%
6,940 PEN
Average Salary 2018+3%
7,170 PEN
Average Salary 2019+3%
7,390 PEN
Percentage increase and decrease are relative to the previous value

Salaries in Peru are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant5,000 PEN
Accounting Assistant4,670 PEN
Accounting Manager9,820 PEN
Bookkeeper3,890 PEN
Chartered Accountant6,510 PEN
Corporate Treasurer12,600 PEN
Financial Analyst7,300 PEN
Financial Manager15,300 PEN
Internal Auditor7,290 PEN

Administration / Reception / Secretarial
Administrative Assistant3,700 PEN
Office Manager4,890 PEN
Receptionist5,100 PEN
Secretary3,740 PEN

Advertising / Grapic Design / Events
Art Director7,080 PEN
Creative Director7,280 PEN
Graphic Designer5,190 PEN
Photographer4,800 PEN

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer7,900 PEN
Air Traffic Controller7,130 PEN
Flight Attendant6,330 PEN
Pilot8,270 PEN

Architecture
Architect6,400 PEN
CAD Drafter5,230 PEN

Automotive
Mechanic3,770 PEN
Service Advisor5,890 PEN

Banking
Bank Branch Manager11,100 PEN
Teller4,800 PEN

Bilingual
Teacher5,370 PEN
Translator6,510 PEN

Business Planning
Business Analyst8,880 PEN
Business Development Manager10,800 PEN
Project Manager8,000 PEN

Care Giving and Child Care
Nanny4,440 PEN
Nursery Teacher5,170 PEN

Construction / Building / Installation
Civil Engineer6,400 PEN
Construction Project Manager8,440 PEN
Health and Safety Officer4,440 PEN

Customer Service and Call Center
Call Center Representative4,990 PEN
Customer Service Manager9,820 PEN
Customer Service Representative5,080 PEN

Engineering
Electrical Engineer7,010 PEN
Engineer6,730 PEN
Mechanical Engineer6,940 PEN

Executive and Management
Chief Executive Officer16,200 PEN
Chief Financial Officer14,700 PEN
General Manager13,100 PEN

Food / Hospitality / Tourism / Catering
Chef5,660 PEN
Executive Chef6,350 PEN
Hotel Manager10,800 PEN
Travel Agent5,780 PEN
Waiter / Waitress4,580 PEN

Health and Medical
Dentist17,900 PEN
Dietitian16,700 PEN
Laboratory Technician5,340 PEN
Nurse5,780 PEN

Human Resources
Human Resources Manager10,300 PEN
Human Resources Officer5,960 PEN

Information Technology
Computer Technician5,480 PEN
Database Administrator6,950 PEN
Developer / Programmer6,160 PEN
Information Technology Manager10,600 PEN
Network Engineer6,330 PEN

Law Enforcement / Security / Fire
Police Officer5,950 PEN

Legal
Attorney10,100 PEN
Legal Assistant5,380 PEN

Media / Broadcasting / Arts / Entertainment
Journalist7,010 PEN

Pharmaceutical and Biotechnology
Biomedical Engineer6,170 PEN
Pharmacist7,920 PEN

Sales Retail and Wholesale
Cashier4,040 PEN
Sales Manager11,800 PEN
Sales Representative4,770 PEN

Teaching / Education
Elementary School Teacher4,990 PEN
Secondary School Teacher5,720 PEN

Average Hourly Wage in Peru


44 PEN per hour

The average hourly wage (pay per hour) in Peru is 44 PEN. This means that the average person in Peru earns approximately 44 PEN 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.

Salary Comparison By City

CityAverage Salary
Arequipa8,160 PEN
Chiclayo7,720 PEN
Cusco7,280 PEN
Huancayo7,520 PEN
Iquitos6,960 PEN
Lima8,380 PEN
Trujillo7,940 PEN
8379 - 40

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