Sales Retail and Wholesale Average Salaries in Bolivia 2022
How much money does a person working in Sales Retail and Wholesale make in Bolivia?
LOW
3,170
BOB AVERAGE
9,310
BOB HIGH
18,400
BOB
A person working in Sales Retail and Wholesale in Bolivia typically earns around 9,310 BOB per month. Salaries range from 3,170 BOB (lowest average) to 18,400 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 Sales Retail and Wholesale 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 Title | Average Salary |
| Account Officer | 5,080 BOB |
| Area Sales Manager | 14,000 BOB |
| Assistant Department Manager | 6,680 BOB |
| Assistant Retail Store Manager | 7,840 BOB |
| Branch Manager | 11,000 BOB |
| Cashier | 3,390 BOB |
| Cashier Manager | 7,460 BOB |
| Depot Manager | 10,300 BOB |
| Deputy Sales Manager | 9,280 BOB |
| Distribution Director | 12,100 BOB |
| Global Wholesale Manager | 18,600 BOB |
| Head Cashier | 6,830 BOB |
| Head of Retail | 12,500 BOB |
| Head Teller | 7,000 BOB |
| Inside Sales Executive | 9,370 BOB |
| Inside Sales Representative | 5,580 BOB |
| Inventory Manager | 9,520 BOB |
| Key Account Manager | 10,600 BOB |
| Medical Device Sales | 8,030 BOB |
| National Customer Solution Specialist | 11,900 BOB |
| Parts Salesperson | 5,510 BOB |
| Project Development Manager | 11,300 BOB |
| Project Manager | 11,100 BOB |
| Purchasing and Sales Executive | 15,400 BOB |
| Quotation Engineer | 5,490 BOB |
| Relationship Manager | 11,900 BOB |
| Retail Operations Manager | 10,500 BOB |
| Retail Sales Associate | 8,030 BOB |
| Retail Store Manager | 10,600 BOB |
| Revenue Manager | 10,700 BOB |
| Sales Account Manager | 11,900 BOB |
| Sales Admin Executive | 13,200 BOB |
| Sales Assistant | 4,250 BOB |
| Sales Associate | 5,560 BOB |
| Sales Consultant | 8,450 BOB |
| Sales Coordinator | 5,730 BOB |
| Sales Development Representative | 7,180 BOB |
| Sales Engineer | 6,170 BOB |
| Sales Executive | 10,900 BOB |
| Sales Manager | 14,600 BOB |
| Sales Officer | 5,620 BOB |
| Sales Planning Analyst | 9,540 BOB |
| Sales Representative | 5,630 BOB |
| Sales Specialist | 8,060 BOB |
| Sales Support | 4,240 BOB |
| Sales Team Leader | 9,210 BOB |
| Sales Trainer | 10,600 BOB |
| Securities Sales Agent | 9,170 BOB |
| Shipper / Receiver | 4,020 BOB |
| Shop Manager | 9,570 BOB |
| Store Development Administrator | 7,380 BOB |
| Trade Marketing Officer | 9,970 BOB |
| Treasury Officer | 8,510 BOB |
| Vice President Sales | 13,500 BOB |
| Visual Merchandiser | 5,170 BOB |
Sales Retail and Wholesale Jobs Salary Distribution in Bolivia
The median, the maximum, the minimum, and the range
Salary Range
Sales Retail and Wholesale salaries in Bolivia range from 3,170 BOB per month (minimum average salary) to 18,400 BOB per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 9,500 BOB per month, which means that half (50%) of people working in Sales Retail and Wholesale are earning less than 9,500 BOB while the other half are earning more than 9,500 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 Sales Retail and Wholesale are earning less than 5,700 BOB while 75% of them are earning more than 5,700 BOB. Also from the diagram, 75% of people working in Sales Retail and Wholesale are earning less than 14,200 BOB while 25% are earning more than 14,200 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?
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.
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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.
Sales Retail and Wholesale Salary Comparison By Gender
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 Sales Retail and Wholesale earn 7% more than their female counterparts on average.
| Male | 9,590 BOB | |
| Female | -7% | 8,940 BOB |
Salary Comparison By Gender in Bolivia for all Careers
Sales Retail and Wholesale Average Annual Salary Increment Percentage in Bolivia
How much are annual salary increments in Bolivia for Sales Retail and Wholesale professionals? How often do employees get salary raises?
Sales Retail and Wholesale
Sales Retail and Wholesale 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.
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
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
Sales Retail and Wholesale Bonus and Incentive Rates in Bolivia
How much and how often are bonuses being awarded?
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Sales Retail and Wholesale 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.
39% of surveyed staff in Sales Retail and Wholesale reported that they haven't received any bonuses or incentives in the previous year while 61% 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 | 61% | |
| No Bonus | 39% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
Sales Retail and Wholesale Hourly Average Wage in Bolivia
54 BOB per hourThe average hourly wage (pay per hour) in Bolivia is 54 BOB. This means that the average person in Bolivia earns approximately 54 BOB for every worked hour.
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.
Sales Retail and Wholesale VS Other Jobs
The average salary for Sales Retail and Wholesale is 9% more than that of All Jobs.
Salary Comparison By City
| City | Average Salary |
| Cochabamba | 9,790 BOB |
| La Paz | 10,000 BOB |
| Oruro | 9,520 BOB |
| Potosi | 8,690 BOB |
| Santa Cruz | 10,300 BOB |
| Sucre | 9,120 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 |
