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Average Salary in Suriname 2020

How much money does a person working in Suriname make?


Average Monthly Salary
7,360 SRD
( 88,400 SRD yearly)

LOW
1,000
SRD
AVERAGE
7,360
SRD
HIGH
32,600
SRD

A person working in Suriname typically earns around 7,360 SRD per month. Salaries range from 1,000 SRD (lowest average) to 32,600 SRD (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 Suriname

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

  • Salary Range

    Salaries in Suriname range from 1,000 SRD per month (minimum salary) to 32,600 SRD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 7,810 SRD per month, which means that half (50%) of the population are earning less than 7,810 SRD while the other half are earning more than 7,810 SRD. 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 3,960 SRD while 75% of them are earning more than 3,960 SRD. Also from the diagram, 75% of the population are earning less than 21,400 SRD while 25% are earning more than 21,400 SRD.


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 Suriname costs anywhere from 36,800 Surinam Dollar(s) to 110,000 Surinam 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 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 Suriname
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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 Suriname earn 12% more than their female counterparts.

Female
6,980 SRD
Male+12%
7,840 SRD
Percentage increase and decrease are relative to the previous value

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Suriname
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Where can you get paid more, working for a private company or for the government? Public sector employees in Suriname earn 17% more than their private sector counterparts.

Private Sector
6,850 SRD
Public Sector+17%
8,030 SRD
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Suriname

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

Salary trends and forecast monthly Suriname
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Average Salary 2016
6,480 SRD
Average Salary 2017+4%
6,720 SRD
Average Salary 2018+3%
6,950 SRD
Average Salary 2019+3%
7,160 SRD
Percentage increase and decrease are relative to the previous value

Salaries in Suriname 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
Accountant5,310 SRD
Accounting Assistant5,140 SRD
Accounting Manager9,510 SRD
Bookkeeper3,810 SRD
Chartered Accountant6,500 SRD
Corporate Treasurer13,600 SRD
Financial Analyst8,080 SRD
Financial Manager15,000 SRD
Internal Auditor8,130 SRD

Administration / Reception / Secretarial
Administrative Assistant4,090 SRD
Office Manager5,240 SRD
Receptionist5,430 SRD
Secretary4,200 SRD

Advertising / Grapic Design / Events
Art Director7,400 SRD
Creative Director8,010 SRD
Graphic Designer5,080 SRD
Photographer5,040 SRD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer8,420 SRD
Air Traffic Controller7,890 SRD
Flight Attendant6,540 SRD
Pilot9,270 SRD

Architecture
Architect6,590 SRD
CAD Drafter5,630 SRD

Automotive
Mechanic4,000 SRD
Service Advisor6,060 SRD

Banking
Bank Branch Manager11,300 SRD
Teller5,150 SRD

Bilingual
Teacher5,710 SRD
Translator6,500 SRD

Business Planning
Business Analyst9,330 SRD
Business Development Manager11,900 SRD
Project Manager8,580 SRD

Care Giving and Child Care
Nanny4,590 SRD
Nursery Teacher5,200 SRD

Construction / Building / Installation
Civil Engineer6,730 SRD
Construction Project Manager8,760 SRD
Health and Safety Officer4,780 SRD

Customer Service and Call Center
Call Center Representative5,330 SRD
Customer Service Manager9,710 SRD
Customer Service Representative5,210 SRD

Engineering
Electrical Engineer7,420 SRD
Engineer6,930 SRD
Mechanical Engineer7,430 SRD

Executive and Management
Chief Executive Officer17,100 SRD
Chief Financial Officer15,400 SRD
General Manager12,900 SRD

Food / Hospitality / Tourism / Catering
Chef6,100 SRD
Executive Chef6,640 SRD
Hotel Manager11,000 SRD
Travel Agent6,440 SRD
Waiter / Waitress4,330 SRD

Health and Medical
Dentist17,900 SRD
Dietitian16,300 SRD
Laboratory Technician5,720 SRD
Nurse6,210 SRD

Human Resources
Human Resources Manager9,960 SRD
Human Resources Officer6,040 SRD

Information Technology
Computer Technician6,030 SRD
Database Administrator7,690 SRD
Developer / Programmer6,950 SRD
Information Technology Manager10,900 SRD
Network Engineer6,670 SRD

Law Enforcement / Security / Fire
Police Officer5,810 SRD

Legal
Attorney11,200 SRD
Legal Assistant5,580 SRD

Media / Broadcasting / Arts / Entertainment
Journalist7,720 SRD

Pharmaceutical and Biotechnology
Biomedical Engineer6,710 SRD
Pharmacist8,600 SRD

Sales Retail and Wholesale
Cashier4,110 SRD
Sales Manager11,800 SRD
Sales Representative4,930 SRD

Teaching / Education
Elementary School Teacher5,330 SRD
Secondary School Teacher6,210 SRD

Average Hourly Wage in Suriname


42 SRD per hour

The average hourly wage (pay per hour) in Suriname is 42 SRD. This means that the average person in Suriname earns approximately 42 SRD 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.

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