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Laboratory Technician Average Salary in Bolivia 2020

How much money does a Laboratory Technician make in Bolivia?


Average Monthly Salary
6,670 BOB
( 80,000 BOB yearly)

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

Median and salary distribution monthly Bolivia Laboratory Technician
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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?

Salary comparison by years of experience monthly Bolivia Laboratory Technician
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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.

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.

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
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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.

Salary comparison by education level monthly Bolivia Laboratory Technician
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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
Percentage increase and decrease are relative to the previous value

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

Salary Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Bolivia Laboratory Technician
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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 Laboratory Technician employees in Bolivia earn 5% more than their female counterparts on average.

Male
6,820 BOB
Female-5%
6,490 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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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.

Annual Salary Increment Rate Bolivia Laboratory Technician
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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 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

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Laboratory Technician Bonus and Incentive Rates in Bolivia

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

Laboratory Technician Average Hourly Wage in Bolivia


38 BOB per hour

The 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.


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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Bolivia
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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 TitleAverage Salary
Academic Clinician17,300 BOB+160%
Admitting Officer6,660 BOB-0%
Ambulance Dispatcher6,780 BOB+2%
Ambulance Driver5,780 BOB-13%
Ambulance Officer and Paramedic7,140 BOB+7%
Ambulatory Services Director13,500 BOB+100%
Anatomic Pathology Supervisor15,100 BOB+130%
Anesthesia Technician9,040 BOB+36%
Anesthesiologist27,900 BOB+320%
Anesthesiology Assistant9,430 BOB+41%
Assistant Optometrist7,280 BOB+9%
Audiologist16,300 BOB+140%
Biomedical Engineering Director11,900 BOB+78%
Biomedical Engineering Technician6,400 BOB-4%
Cardiac Technician6,330 BOB-5%
Cardiovascular Specialist34,100 BOB+410%
Cardiovascular Technologist13,200 BOB+98%
Central Sterile Processing Technician7,500 BOB+12%
Charge Entry Specialist8,300 BOB+24%
Clinical Application Specialist8,030 BOB+20%
Clinical Biochemist15,100 BOB+130%
Clinical Cytogeneticist13,200 BOB+98%
Clinical Data Reviewer8,240 BOB+24%
Clinical Development Specialist9,550 BOB+43%
Clinical Field Associate7,860 BOB+18%
Clinical Genetic Technologist12,800 BOB+92%
Clinical Microbiologist16,100 BOB+140%
Clinical Molecular Geneticist13,800 BOB+110%
Clinical Neuropsychologist17,900 BOB+170%
Clinical Research Coordinator9,030 BOB+35%
Clinical Scientist17,400 BOB+160%
CME Specialist14,200 BOB+110%
CT Technologist8,370 BOB+26%
Cytogenetic Technologist11,600 BOB+74%
Diagnostic Medical Sonographer9,320 BOB+40%
Dispensing Optician7,680 BOB+15%
Dosimetrist11,900 BOB+78%
EKG Technician7,880 BOB+18%
Endoscopic Assistant7,010 BOB+5%
Endoscopy Technician6,720 BOB+1%
Enterostomal Therapist11,100 BOB+66%
Epidemiologist13,800 BOB+110%
FGP Ultrasound Techncian7,000 BOB+5%
Health Systems Specialist10,000 BOB+50%
Health Technologist11,500 BOB+72%
Healthcare Data Analyst8,130 BOB+22%
Hearing Aid Specialist9,000 BOB+35%
Histotechnologist10,500 BOB+57%
Immunologist16,200 BOB+140%
Industrial Hygienist11,600 BOB+74%
Infection Control Coordinator7,850 BOB+18%
Infection Control Practitioner17,100 BOB+160%
Infection Preventionist12,600 BOB+89%
Informatics Practice Specialist9,330 BOB+40%
Interventional Radiographer14,200 BOB+110%
Lab Assistant6,590 BOB-1%
Laboratory Manager12,400 BOB+86%
Laboratory Technician6,670 BOB+0%
Low Vision Therapist15,200 BOB+130%
Mammography Technician6,460 BOB-3%
Medical Coder5,740 BOB-14%
Medical Courier4,610 BOB-31%
Medical Equipment Preparer6,590 BOB-1%
Medical Forms Designer5,370 BOB-19%
Medical Technologist7,630 BOB+14%
MRI Technologist6,850 BOB+3%
Music Therapist9,980 BOB+50%
Neonatologist18,800 BOB+180%
Neurodiagnostic Techncian7,200 BOB+8%
Neuropsychology Testing Assistant6,270 BOB-6%
Nuclear Medical Technician9,770 BOB+46%
Nuclear Medicine Technolgoist9,680 BOB+45%
Nutrition Assistant6,600 BOB-1%
Occupaitional Therapy Assistant7,010 BOB+5%
Operating Room Scheduler6,010 BOB-10%
Operating Room Services Director19,100 BOB+190%
Ophthalmic Assistant7,360 BOB+10%
Ophthalmic Laboratory Technician7,550 BOB+13%
Optician14,900 BOB+120%
Orthopedic Technician7,320 BOB+10%
Orthoptist19,000 BOB+180%
Orthotist19,500 BOB+190%
Pathology Assistant7,060 BOB+6%
Perfusionist22,300 BOB+230%
Phlebotomist5,160 BOB-23%
Pre Authorization Case Manager9,540 BOB+43%
Prosthetist17,000 BOB+150%
Radiation Therapist22,900 BOB+240%
Radiation Therapy Technologist9,400 BOB+41%
Radiographer16,200 BOB+140%
Radiography Technologist9,650 BOB+45%
Radiologic Technologist10,100 BOB+51%
Radiology Technologist9,790 BOB+47%
Respiratory Care Practitioner18,700 BOB+180%
Respiratory Therapist13,500 BOB+100%
Respiratory Therapy Technician7,650 BOB+15%
Sonographer9,810 BOB+47%
Sonography Technologist9,320 BOB+40%
Speech and Language Pathologist14,400 BOB+120%
Ultrasonographer7,850 BOB+18%
Ultrasound Technologist7,560 BOB+13%
Vascular Technologist6,780 BOB+2%
X-Ray Technologist10,100 BOB+51%

Salary Comparison By City

CityAverage Salary
Cochabamba6,500 BOB
La Paz7,190 BOB
Oruro6,810 BOB
Potosi5,920 BOB
Santa Cruz7,220 BOB
Sucre6,220 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
Percentage increase and decrease are relative to the previous value

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