HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

IT Security Average Salaries in Bolivia 2020

How much money does a person working in IT Security make in Bolivia?


Average Monthly Salary
10,300 BOB
( 123,000 BOB yearly)

LOW
8,120
BOB
AVERAGE
10,300
BOB
HIGH
12,100
BOB

A person working in IT Security in Bolivia typically earns around 10,300 BOB per month. Salaries range from 8,120 BOB (lowest average) to 12,100 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 IT Security 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
Chief Information Security Officer12,900 BOB
Cross Platform Security Manager11,100 BOB
Data Security Manager11,700 BOB
Information Security Administrator9,740 BOB
Information Security Analyst10,200 BOB
Information Security Engineer7,970 BOB
Information Security Manager11,800 BOB
Information Security Specialist9,920 BOB

IT Security Jobs Salary Distribution in Bolivia

Median and salary distribution monthly Bolivia IT Security
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/information-technology/it-security/median-and-salary-distribution-monthly-bolivia-it-security.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    IT Security salaries in Bolivia range from 8,120 BOB per month (minimum average salary) to 12,100 BOB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 9,450 BOB per month, which means that half (50%) of people working in IT Security are earning less than 9,450 BOB while the other half are earning more than 9,450 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 IT Security are earning less than 7,910 BOB while 75% of them are earning more than 7,910 BOB. Also from the diagram, 75% of people working in IT Security are earning less than 9,890 BOB while 25% are earning more than 9,890 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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.

IT Security Salary Comparison By Gender

Salary comparison by gender monthly Bolivia IT Security
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/information-technology/it-security/salary-comparison-by-gender-monthly-bolivia-it-security.jpg

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 IT Security earn 6% more than their female counterparts on average.

Male
10,500 BOB
Female-6%
9,930 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/salary-comparison-by-gender-monthly-bolivia.jpg

IT Security Average Annual Salary Increment Percentage in Bolivia

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

IT Security

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

Annual Salary Increment Rate Bolivia IT Security
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/information-technology/it-security/annual-salary-increment-rate-bolivia-it-security.jpg


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 2019

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 2019. 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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

IT Security Bonus and Incentive Rates in Bolivia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bolivia IT Security
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/information-technology/it-security/annual-salary-bonus-rate-bolivia-it-security.jpg

IT Security is considered to be a moderate 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.

69% of surveyed staff in IT Security reported that they haven't received any bonuses or incentives in the previous year while 31% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
31%
No Bonus
69%

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.

IT Security Hourly Average Wage in Bolivia


59 BOB per hour

The average hourly wage (pay per hour) in Bolivia is 59 BOB. This means that the average person in Bolivia earns approximately 59 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.

IT Security VS Other Jobs

Salary Comparison Between IT Security and Information Technology monthly Bolivia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/information-technology/it-security/salary-comparison-between-it-security-and-information-technology-monthly-bolivia.jpg

The average salary for IT Security is 20% more than that of Information Technology. Also, Information Technology salaries are 0% more than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Cochabamba10,800 BOB
La Paz11,100 BOB
Oruro10,500 BOB
Potosi9,580 BOB
Santa Cruz11,400 BOB
Sucre10,100 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

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020