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Marketing Average Salaries in Bolivia 2022

How much money does a person working in Marketing make in Bolivia?


Average Monthly Salary
9,560 BOB
( 115,000 BOB yearly)

LOW
4,440
BOB
AVERAGE
9,560
BOB
HIGH
15,900
BOB

A person working in Marketing in Bolivia typically earns around 9,560 BOB per month. Salaries range from 4,440 BOB (lowest average) to 15,900 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 Marketing 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
Account Handler7,280 BOB
Affiliate Manager9,090 BOB
Analytics Specialist6,920 BOB
Assistant Brand Manager10,000 BOB
Assistant Product Manager10,300 BOB
Brand Ambassador13,400 BOB
Brand Manager14,600 BOB
Campaign Specialist9,350 BOB
Chief Marketing Officer 15,900 BOB
Communications Officer4,470 BOB
Content Marketing Strategist9,670 BOB
Creative Marketing Lead9,440 BOB
Creative Writer6,010 BOB
Digital Marketing Manager11,300 BOB
Event Marketing11,900 BOB
Localization Manager10,500 BOB
Market Development Manager11,800 BOB
Market Research Analyst9,850 BOB
Market Research Manager11,000 BOB
Market Segmentation Director11,600 BOB
Marketing Advisor8,960 BOB
Marketing Analyst9,480 BOB
Marketing Assistant4,850 BOB
Marketing Associate5,020 BOB
Marketing Communications Manager10,100 BOB
Marketing Consultant11,600 BOB
Marketing Coordinator5,030 BOB
Marketing Distribution Executive12,200 BOB
Marketing Executive12,500 BOB
Marketing Manager15,300 BOB
Marketing Officer5,360 BOB
Marketing Specialist7,600 BOB
Marketing Writer6,080 BOB
Online Marketing Analyst8,750 BOB
Optimization Manager9,940 BOB
Outbound Sales6,720 BOB
Outreach Coordinator6,670 BOB
Outreach Specialist8,040 BOB
Product Development11,200 BOB
Product Marketing Manager11,200 BOB
Product Researcher6,300 BOB
Product Training Specialist7,740 BOB
Project Manager9,410 BOB
Publications Coordinator5,710 BOB
Research Executive10,900 BOB
Sales and Marketing Assistant4,830 BOB
Sales Management Support5,230 BOB
Search Marketing Strategist13,200 BOB
Social Media Specialist8,400 BOB
Spaceman Analyst4,750 BOB
Sponsorship Consultant8,140 BOB
Team Leader9,410 BOB
Telemarketer4,560 BOB
Trade Marketing Manager11,200 BOB
Trade Marketing Professional9,710 BOB
Web Analytics Manager9,930 BOB
Web Content Manager9,110 BOB

Marketing Jobs Salary Distribution in Bolivia

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

  • Salary Range

    Marketing salaries in Bolivia range from 4,440 BOB per month (minimum average salary) to 15,900 BOB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 10,300 BOB per month, which means that half (50%) of people working in Marketing are earning less than 10,300 BOB while the other half are earning more than 10,300 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 Marketing are earning less than 6,650 BOB while 75% of them are earning more than 6,650 BOB. Also from the diagram, 75% of people working in Marketing are earning less than 14,100 BOB while 25% are earning more than 14,100 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.

Marketing Salary Comparison By Gender

Salary comparison by gender monthly Bolivia Marketing
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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 Marketing earn 10% more than their female counterparts on average.

Male
10,000 BOB
Female-9%
9,090 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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Marketing Average Annual Salary Increment Percentage in Bolivia

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

Marketing

Marketing professionals in Bolivia are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bolivia Marketing
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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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Marketing Bonus and Incentive Rates in Bolivia

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

36% of surveyed staff in Marketing reported that they haven't received any bonuses or incentives in the previous year while 64% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
64%
No Bonus
36%

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.

Marketing Hourly Average Wage in Bolivia


55 BOB per hour

The average hourly wage (pay per hour) in Bolivia is 55 BOB. This means that the average person in Bolivia earns approximately 55 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.

Marketing VS Other Jobs

Salary Comparison Between Marketing and Marketing monthly Bolivia
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The average salary for Marketing is 12% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Cochabamba10,100 BOB
La Paz10,300 BOB
Oruro9,780 BOB
Potosi8,920 BOB
Santa Cruz10,600 BOB
Sucre9,370 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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