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Business Planning Average Salaries in Bolivia 2022

How much money does a person working in Business Planning make in Bolivia?


Average Monthly Salary
9,060 BOB
( 109,000 BOB yearly)

LOW
4,440
BOB
AVERAGE
9,060
BOB
HIGH
15,300
BOB

A person working in Business Planning in Bolivia typically earns around 9,060 BOB per month. Salaries range from 4,440 BOB (lowest average) to 15,300 BOB (highest average, actual maximum salary is higher).

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

Salaries for specific jobs

Job TitleAverage Salary
Assistant Business Development Manager12,000 BOB
Assistant Merchandise Planner6,450 BOB
Business Advisor11,200 BOB
Business Analyst10,300 BOB
Business Consultant10,300 BOB
Business Continuity Associate6,200 BOB
Business Development Associate5,790 BOB
Business Development Coordinator5,760 BOB
Business Development Manager14,000 BOB
Business Development Specialist9,960 BOB
Business Operations Specialist10,000 BOB
Business Process Writer6,310 BOB
Capacity Planner7,800 BOB
Capacity Planning Supervisor9,670 BOB
Change Communications Analyst10,300 BOB
Change Control Analyst9,770 BOB
Contracts Executive10,500 BOB
Corporate Strategy Analyst11,300 BOB
Cost Control Engineer6,930 BOB
Cost Estimator7,160 BOB
Data Executive5,430 BOB
Development Researcher8,370 BOB
Due Diligence Analyst11,900 BOB
Estimating Manager11,400 BOB
General Manager12,400 BOB
Incident Handler7,280 BOB
Incident Specialist9,170 BOB
Lean Consultant7,960 BOB
Manager14,400 BOB
Materials Planner4,740 BOB
Merchandise Controller4,400 BOB
Merchandise Planner4,860 BOB
Operations Analyst9,850 BOB
Operations Research Analyst6,420 BOB
Planning and Reporting Manager11,700 BOB
Planning Director13,500 BOB
Project Administrator6,570 BOB
Project Manager10,900 BOB
Project Planner6,870 BOB
Research Assistant6,100 BOB
Research Engineer6,560 BOB
Research Officer5,240 BOB
Risk Management Specialist10,200 BOB
Scholarship Coordinator5,320 BOB
Store Planner5,340 BOB
Strategy Director14,200 BOB
Top Research and Development Executive15,600 BOB

Business Planning Jobs Salary Distribution in Bolivia

Median and salary distribution monthly Bolivia Business Planning
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The median, the maximum, the minimum, and the range

  • Salary Range

    Business Planning salaries in Bolivia range from 4,440 BOB per month (minimum average salary) to 15,300 BOB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 8,880 BOB per month, which means that half (50%) of people working in Business Planning are earning less than 8,880 BOB while the other half are earning more than 8,880 BOB. 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 people working in Business Planning are earning less than 6,000 BOB while 75% of them are earning more than 6,000 BOB. Also from the diagram, 75% of people working in Business Planning are earning less than 11,900 BOB while 25% are earning more than 11,900 BOB.


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 Bolivia costs anywhere from 42,600 Boliviano(s) to 128,000 Boliviano(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.

Business Planning Salary Comparison By Gender

Salary comparison by gender monthly Bolivia Business Planning
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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 Bolivia who work in Business Planning earn 9% more than their female counterparts on average.

Male
9,480 BOB
Female-8%
8,680 BOB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bolivia for all Careers

Salary comparison by gender monthly Bolivia
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Business Planning Average Annual Salary Increment Percentage in Bolivia

How much are annual salary increments in Bolivia for Business Planning professionals? How often do employees get salary raises?

Business Planning

Business Planning professionals in Bolivia are likely to observe a salary increase of approximately 8% every 25 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bolivia Business Planning
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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.

Bolivia / 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 Bolivia is 2%.

Annual Increment Rate By Industry 2021

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 Bolivia for the year 2021. 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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Business Planning Bonus and Incentive Rates in Bolivia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bolivia Business Planning
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Business Planning is considered to be a high bonus-based field 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.

41% of surveyed staff in Business Planning reported that they haven't received any bonuses or incentives in the previous year while 59% 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
59%
No Bonus
41%

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.

Business Planning Hourly Average Wage in Bolivia


52 BOB per hour

The average hourly wage (pay per hour) in Bolivia is 52 BOB. This means that the average person in Bolivia earns approximately 52 BOB 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.

Business Planning VS Other Jobs

Salary Comparison Between Business Planning and Business Planning monthly Bolivia
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The average salary for Business Planning is 6% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Cochabamba9,530 BOB
La Paz9,780 BOB
Oruro9,270 BOB
Potosi8,460 BOB
Santa Cruz10,100 BOB
Sucre8,880 BOB

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 Bolivia earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
7,930 BOB
Public Sector+17%
9,290 BOB
Percentage increase and decrease are relative to the previous value

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