Psychologist Average Salary in Peru 2023

How much money does a person working as Psychologist make in Peru?

Average Monthly Salary

12,300 PEN

( 148,000 PEN yearly)

LOW
6,420
PEN AVERAGE
12,300
PEN HIGH
18,900
PEN

Psychologist Pay Scale and Salaries in Peru

Salary Structure and Pay Scale Comparison

5% of people earn
11,200 PEN or more

10% of people earn
9,950 to 11,200 PEN

20% of people earn
7,270 PEN or less

65% of people earn
7,270 to 9,950 PEN

Minimum Salary 6,420 PEN

Median 11,200 PEN

Maximum 18,900 PEN

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

• Salary Range, Minimum Wage, and Starting Salary

  Psychologist salaries in Peru range from 6,420 PEN per month (starting salary) to 18,900 PEN per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

• Median Salary

  The median salary is 11,200 PEN per month, which means that half (50%) of people working as Psychologist(s) are earning less than 11,200 PEN while the other half are earning more than 11,200 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 and Salary Scale

  Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Psychologist(s) are earning less than 9,310 PEN while 75% of them are earning more than 9,310 PEN. Also from the diagram, 75% of Psychologist(s) are earning less than 12,700 PEN while 25% are earning more than 12,700 PEN.

• Pay Scale Structure

  We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 7,270 PEN to 9,950 PEN. Approximatly 20% fall under the 7,270 PEN cap. Ten percent of wages are from 9,950 PEN to 11,200 PEN. Only 5% of people grossed 11,200 PEN or more.

Psychologist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Psychologist average salary change by experience in Peru

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 Psychologist salaries by experience level and this is what we found.

Employees with less than two years of experience makes approximately 7,290 PEN per month.

While someone with an experience level between two and five years is expected to earn 9,780 PEN 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 12,700 PEN per month, 30% more than someone with two to five years of experience.

Additionally, Psychologist whose expertise span anywhere between ten and fifteen years get a salary equivalent to 15,400 PEN 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 16,800 PEN 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 17,700 PEN per month, 5% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary and Compensation Comparison By Gender - Psychologist

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Psychologist employees in Peru earn 8% more than their female counterparts on average.

Salary Comparison By Gender in Peru for all Careers

Psychologist Average Annual Salary Increment Percentage in Peru

How much are annual salary increments in Peru for Psychologist(s)? How often do employees get salary raises?

Psychologist

Psychologist(s) in Peru are likely to observe a salary increase of approximately 14% every 18 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Peru / 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

Listed above are the average annual increase rates for each industry in Peru 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

Psychologist Bonus and Incentive Rates in Peru

How much and how often are bonuses being awarded?

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"Psychologist" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

22% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus		78%
No Bonus		22%

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?

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.

Psychologist Salary Trend and Forecast in Peru

How are Psychologist salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Psychologist salaries in Peru are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Psychologist Average Hourly Wage in Peru

71 PEN per hour

The average hourly wage (pay per hour) in Peru is 71 PEN. This means that the average Psychologist in Peru earns approximately 71 PEN for every worked hour.

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for 'Psychologist' in Peru is 37 PEN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Psychologist VS Other Jobs

The average salary for Psychologist is 48% more than that of Counseling. Also, Counseling salaries are 11% more than those of All Jobs.

Salary comparison with similar jobs

Adoption Services Director	9,930 PEN	-20%
Alcohol and Drug Counselor	8,190 PEN	-34%
Assistant Instructor	3,540 PEN	-71%
Career Counselor	8,450 PEN	-32%
Consultant	8,340 PEN	-32%
Director of Rehabilitation Services	11,900 PEN	-4%
Disability Consultant	7,440 PEN	-40%
Employment Counselor	8,800 PEN	-29%
Family Advocate	5,810 PEN	-53%
Family Services Specialist	6,730 PEN	-45%
Family Support Specialist	9,260 PEN	-25%
Family Youth Worker	2,970 PEN	-76%
Guidance Counselor	8,970 PEN	-27%
Guidance Director	10,100 PEN	-18%
Mental Health Counselor	10,300 PEN	-17%
Programs Coordinator	5,000 PEN	-59%
Psychologist	12,300 PEN	-0%
Supervising Counselor	9,270 PEN	-25%
Vocational Rehabilitation Counselor	9,310 PEN	-25%
Youth Advocate	4,800 PEN	-61%
Youth Care Counselor	9,330 PEN	-24%
Youth Care Specialist	5,720 PEN	-54%
Youth Development Manager	11,100 PEN	-10%

Salary Comparison By City

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 Peru earn 9% more than their private sector counterparts on average across all sectors.

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for Psychologist in Peru?

A good and competitive compensation would range anywhere between 11,200 PEN and 12,700 PEN. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.

Base / Basic Salary

The base salary for Psychologist in Peru is ranges from 9,310 PEN to 12,700 PEN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.