Laboratory Technician Average Salary in Bolivia 2020
How much money does a Laboratory Technician make in Bolivia?
LOW
3,340
BOB AVERAGE
6,670
BOB HIGH
10,300
BOB
A person working as a Laboratory Technician in Bolivia typically earns around 6,670 BOB per month. Salaries range from 3,340 BOB (lowest) to 10,300 BOB (highest).
This is the average monthly salary including housing, transport, and other benefits. Laboratory Technician salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Laboratory Technician Salary Distribution in Bolivia
The median, the maximum, the minimum, and the range
Salary Range
Laboratory Technician salaries in Bolivia range from 3,340 BOB per month (minimum salary) to 10,300 BOB per month (maximum salary).
Median Salary
The median salary is 6,670 BOB per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 6,670 BOB while the other half are earning more than 6,670 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 Laboratory Technician(s) are earning less than 4,500 BOB while 75% of them are earning more than 4,500 BOB. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 8,500 BOB while 25% are earning more than 8,500 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
Laboratory Technician Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Laboratory Technician salaries by experience level and this is what we found.
A Laboratory Technician with less than two years of experience makes approximately 4,000 BOB per month.
While someone with an experience level between two and five years is expected to earn 5,300 BOB per month, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 7,080 BOB per month, 34% more than someone with two to five years of experience.
Additionally, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,450 BOB per month, 19% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 9,110 BOB per month, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 9,780 BOB per month, 7% more than people with fifteen to twenty years of experience.
Laboratory Technician average salary change by experience in Bolivia
| 0 - 2 Years | 4,000 BOB | |
| 2 - 5 Years | +32% | 5,300 BOB |
| 5 - 10 Years | +34% | 7,080 BOB |
| 10 - 15 Years | +19% | 8,450 BOB |
| 15 - 20 Years | +8% | 9,110 BOB |
| 20+ Years | +7% | 9,780 BOB |
Typical Salary Progress for Most Careers
Laboratory Technician Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Laboratory Technician(s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Laboratory Technician salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 5,720 BOB per month.
While someone with a Master's Degree gets a salary of 9,010 BOB per month, 58% more than someone having a Bachelor's Degree degree.
Laboratory Technician average salary difference by education level in Bolivia
| Bachelor's Degree | 5,720 BOB | |
| Master's Degree | +58% | 9,010 BOB |
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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Laboratory Technician 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 Laboratory Technician employees in Bolivia earn 5% more than their female counterparts on average.
| Male | 6,820 BOB | |
| Female | -5% | 6,490 BOB |
Salary Comparison By Gender in Bolivia for all Careers
Laboratory Technician Average Annual Salary Increment Percentage in Bolivia
How much are annual salary increments in Bolivia for Laboratory Technician(s)? How often do employees get salary raises?
Laboratory Technician
Laboratory Technician(s) in Bolivia are likely to observe a salary increase of approximately 6% every 28 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 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
Laboratory Technician Bonus and Incentive Rates in Bolivia
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/health-and-medical/healthcare-technical/laboratory-technician/annual-salary-bonus-rate-bolivia-laboratory-technician.jpg
A Laboratory Technician is considered to be a low bonus-based job 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.
88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.
| Received Bonus | 12% | |
| No Bonus | 88% |
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.
Laboratory Technician Average Hourly Wage in Bolivia
38 BOB per hourThe average hourly wage (pay per hour) in Bolivia is 38 BOB. This means that the average Laboratory Technician in Bolivia earns approximately 38 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.
Laboratory Technician VS Other Jobs
The average salary for Laboratory Technician is 37% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Academic Clinician | 17,300 BOB |  +160% |
| Admitting Officer | 6,660 BOB |  -0% |
| Ambulance Dispatcher | 6,780 BOB | +2% |
| Ambulance Driver | 5,780 BOB | -13% |
| Ambulance Officer and Paramedic | 7,140 BOB | +7% |
| Ambulatory Services Director | 13,500 BOB | +100% |
| Anatomic Pathology Supervisor | 15,100 BOB | +130% |
| Anesthesia Technician | 9,040 BOB | +36% |
| Anesthesiologist | 27,900 BOB | +320% |
| Anesthesiology Assistant | 9,430 BOB | +41% |
| Assistant Optometrist | 7,280 BOB | +9% |
| Audiologist | 16,300 BOB | +140% |
| Biomedical Engineering Director | 11,900 BOB | +78% |
| Biomedical Engineering Technician | 6,400 BOB | -4% |
| Cardiac Technician | 6,330 BOB | -5% |
| Cardiovascular Specialist | 34,100 BOB | +410% |
| Cardiovascular Technologist | 13,200 BOB | +98% |
| Central Sterile Processing Technician | 7,500 BOB | +12% |
| Charge Entry Specialist | 8,300 BOB | +24% |
| Clinical Application Specialist | 8,030 BOB | +20% |
| Clinical Biochemist | 15,100 BOB | +130% |
| Clinical Cytogeneticist | 13,200 BOB | +98% |
| Clinical Data Reviewer | 8,240 BOB | +24% |
| Clinical Development Specialist | 9,550 BOB | +43% |
| Clinical Field Associate | 7,860 BOB | +18% |
| Clinical Genetic Technologist | 12,800 BOB | +92% |
| Clinical Microbiologist | 16,100 BOB | +140% |
| Clinical Molecular Geneticist | 13,800 BOB | +110% |
| Clinical Neuropsychologist | 17,900 BOB | +170% |
| Clinical Research Coordinator | 9,030 BOB | +35% |
| Clinical Scientist | 17,400 BOB | +160% |
| CME Specialist | 14,200 BOB | +110% |
| CT Technologist | 8,370 BOB | +26% |
| Cytogenetic Technologist | 11,600 BOB | +74% |
| Diagnostic Medical Sonographer | 9,320 BOB | +40% |
| Dispensing Optician | 7,680 BOB | +15% |
| Dosimetrist | 11,900 BOB | +78% |
| EKG Technician | 7,880 BOB | +18% |
| Endoscopic Assistant | 7,010 BOB | +5% |
| Endoscopy Technician | 6,720 BOB | +1% |
| Enterostomal Therapist | 11,100 BOB | +66% |
| Epidemiologist | 13,800 BOB | +110% |
| FGP Ultrasound Techncian | 7,000 BOB | +5% |
| Health Systems Specialist | 10,000 BOB | +50% |
| Health Technologist | 11,500 BOB | +72% |
| Healthcare Data Analyst | 8,130 BOB | +22% |
| Hearing Aid Specialist | 9,000 BOB | +35% |
| Histotechnologist | 10,500 BOB | +57% |
| Immunologist | 16,200 BOB | +140% |
| Industrial Hygienist | 11,600 BOB | +74% |
| Infection Control Coordinator | 7,850 BOB | +18% |
| Infection Control Practitioner | 17,100 BOB | +160% |
| Infection Preventionist | 12,600 BOB | +89% |
| Informatics Practice Specialist | 9,330 BOB | +40% |
| Interventional Radiographer | 14,200 BOB | +110% |
| Lab Assistant | 6,590 BOB | -1% |
| Laboratory Manager | 12,400 BOB | +86% |
| Laboratory Technician | 6,670 BOB | +0% |
| Low Vision Therapist | 15,200 BOB | +130% |
| Mammography Technician | 6,460 BOB | -3% |
| Medical Coder | 5,740 BOB | -14% |
| Medical Courier | 4,610 BOB | -31% |
| Medical Equipment Preparer | 6,590 BOB | -1% |
| Medical Forms Designer | 5,370 BOB | -19% |
| Medical Technologist | 7,630 BOB | +14% |
| MRI Technologist | 6,850 BOB | +3% |
| Music Therapist | 9,980 BOB | +50% |
| Neonatologist | 18,800 BOB | +180% |
| Neurodiagnostic Techncian | 7,200 BOB | +8% |
| Neuropsychology Testing Assistant | 6,270 BOB | -6% |
| Nuclear Medical Technician | 9,770 BOB | +46% |
| Nuclear Medicine Technolgoist | 9,680 BOB | +45% |
| Nutrition Assistant | 6,600 BOB | -1% |
| Occupaitional Therapy Assistant | 7,010 BOB | +5% |
| Operating Room Scheduler | 6,010 BOB | -10% |
| Operating Room Services Director | 19,100 BOB | +190% |
| Ophthalmic Assistant | 7,360 BOB | +10% |
| Ophthalmic Laboratory Technician | 7,550 BOB | +13% |
| Optician | 14,900 BOB | +120% |
| Orthopedic Technician | 7,320 BOB | +10% |
| Orthoptist | 19,000 BOB | +180% |
| Orthotist | 19,500 BOB | +190% |
| Pathology Assistant | 7,060 BOB | +6% |
| Perfusionist | 22,300 BOB | +230% |
| Phlebotomist | 5,160 BOB | -23% |
| Pre Authorization Case Manager | 9,540 BOB | +43% |
| Prosthetist | 17,000 BOB | +150% |
| Radiation Therapist | 22,900 BOB | +240% |
| Radiation Therapy Technologist | 9,400 BOB | +41% |
| Radiographer | 16,200 BOB | +140% |
| Radiography Technologist | 9,650 BOB | +45% |
| Radiologic Technologist | 10,100 BOB | +51% |
| Radiology Technologist | 9,790 BOB | +47% |
| Respiratory Care Practitioner | 18,700 BOB | +180% |
| Respiratory Therapist | 13,500 BOB | +100% |
| Respiratory Therapy Technician | 7,650 BOB | +15% |
| Sonographer | 9,810 BOB | +47% |
| Sonography Technologist | 9,320 BOB | +40% |
| Speech and Language Pathologist | 14,400 BOB | +120% |
| Ultrasonographer | 7,850 BOB | +18% |
| Ultrasound Technologist | 7,560 BOB | +13% |
| Vascular Technologist | 6,780 BOB | +2% |
| X-Ray Technologist | 10,100 BOB | +51% |
Salary Comparison By City
| City | Average Salary |
| Cochabamba | 6,500 BOB |
| La Paz | 7,190 BOB |
| Oruro | 6,810 BOB |
| Potosi | 5,920 BOB |
| Santa Cruz | 7,220 BOB |
| Sucre | 6,220 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 |
