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General Manager Average Salary in Colombia 2024

How much money does a person working as General Manager make in Colombia?


Average Monthly Salary
8,470,000 COP
( 102,000,000 COP yearly)

LOW
4,400,000
COP
AVERAGE
8,470,000
COP
HIGH
13,000,000
COP
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as General Manager in Colombia typically earns around 8,470,000 COP. Salaries range from 4,400,000 COP (lowest) to 13,000,000 COP (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. General Manager salaries in Colombia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



General Manager Pay Scale and Salaries in Colombia

Median and salary distribution Colombia General Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
7,670,000 COP or more
10% of people earn
6,830,000 to 7,670,000 COP
20% of people earn
4,990,000 COP or less
65% of people earn
4,990,000 to 6,830,000 COP
Minimum Salary
4,400,000
COP
Median
7,700,000
COP
Maximum
13,000,000
COP




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position General Manager in Colombia range from 4,400,000 COP (starting salary) to 13,000,000 COP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 7,700,000 COP, half of the professionals who work as General Manager in Colombia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as General Manager in Colombia earn less than 6,390,000 COP, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,740,000 COP while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title General Manager in Colombia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,990,000 COP to 6,830,000 COP. About 20% of salaries are below the 4,990,000 COP mark, while 10% fall within the range of 6,830,000 COP to 7,670,000 COP. Only 5% of individuals have salaries exceeding 7,670,000 COP.

Salary Comparison by Years of Experience / General Manager / Colombia

How do experience and age affect pay?

0 - 2 Years
5,000,000 COP
2 - 5 Years+34%
6,710,000 COP
5 - 10 Years+30%
8,720,000 COP
10 - 15 Years+21%
10,600,000 COP
15 - 20 Years+9%
11,500,000 COP
20+ Years+5%
12,100,000 COP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Colombia General Manager
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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. We broke down salaries by experience level for people working as General Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 5,000,000 COP.

While someone with an experience level between two and five years is expected to earn 6,710,000 COP, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 8,720,000 COP, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,600,000 COP, 21% 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 11,500,000 COP, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 12,100,000 COP, 5% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / General Manager / Colombia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as General Manager.

High School
6,030,000 COP
Certificate or Diploma+14%
6,880,000 COP
Bachelor's Degree+41%
9,710,000 COP
Master's Degree+21%
11,800,000 COP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Colombia General Manager
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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 salaries by education level for the position General Manager in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 6,030,000 COP.


Level 2: Certificate or Diploma

At this level, the average salary becomes 6,880,000 COP, 14% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 9,710,000 COP, 41% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 11,800,000 COP, 21% more than the previous level.



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 Colombia costs anywhere from 23,500,000 COP to 70,600,000 COP 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / General Manager / Colombia

Salary comparison by gender Colombia General Manager monthly
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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? For the people who work as General Manager in Colombia, the average difference between the salary of male and female employees is 10%.

Male
8,960,000 COP
Female-9%
8,140,000 COP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Colombia for all Careers

Salary comparison by gender monthly Colombia
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Average Annual Salary Increment Percentage / General Manager / Colombia

How much are annual salary increments in Colombia for individuals working as General Manager? How often do employees get salary raises?

Individuals working as General Manager in Colombia are likely to observe a salary increase of approximately 12% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Colombia General Manager
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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.

Colombia / All Professions

Annual Salary Increment Rate Colombia
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Colombia is 4%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / General Manager / Colombia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Colombia General Manager
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23% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
77%
No Bonus
23%

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.

Average Hourly Wage / General Manager / Colombia


48,900 COP per hour

The average hourly wage (pay per hour) for individuals working as General Manager in Colombia is 48,900 COP.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as General Manager in Colombia is 25,400 COP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Executive and Management-100%
Account Coordinator4,520,000 COP-47%
Account Director5,290,000 COP-38%
Account Executive5,360,000 COP-37%
Account Manager5,320,000 COP-37%
Administration Manager5,150,000 COP-39%
Administration Officer2,880,000 COP-66%
Administration Supervisor4,270,000 COP-50%
Administrative Clerk2,080,000 COP-75%
Administrative Officer2,150,000 COP-75%
Area Director5,090,000 COP-40%
Area Manager4,680,000 COP-45%
Asset Protection Associate5,970,000 COP-30%
Assistant Director5,290,000 COP-38%
Assistant General Manager5,860,000 COP-31%
Assistant Manager5,610,000 COP-34%
Assistant Managing Director6,650,000 COP-21%
Assistant Operations Manager6,320,000 COP-25%
Assistant Project Manager5,610,000 COP-34%
Assistant Section Head4,630,000 COP-45%
Assistant to CEO4,970,000 COP-41%
Assistant Vice President5,970,000 COP-30%
Associate Account Director5,540,000 COP-35%
Associate Director5,690,000 COP-33%
Bid Manager6,380,000 COP-25%
Branch Manager6,160,000 COP-27%
Business Development Manager6,470,000 COP-24%
Business Operations Associate5,680,000 COP-33%
Business Operations Lead5,560,000 COP-34%
Campaign Manager6,250,000 COP-26%
Catering Coordinator3,460,000 COP-59%
Catering Manager5,540,000 COP-35%
CEO10,100,000 COP+19%
Chairman of The Board10,600,000 COP+25%
Chairman Office Manager6,630,000 COP-22%
Chief Commercial Officer7,710,000 COP-9%
Chief Corporate Officer8,550,000 COP+1%
Chief Digital Officer7,680,000 COP-9%
Chief Digital Strategy Officer7,430,000 COP-12%
Chief Digital Transformation Officer7,270,000 COP-14%
Chief Ethics Officer6,580,000 COP-22%
Chief Executive Officer10,200,000 COP+20%
Chief Financial Officer9,490,000 COP+12%
Chief Investment Officer7,850,000 COP-7%
Chief of Staff5,110,000 COP-40%
Chief Operating Officer8,030,000 COP-5%
Chief Privacy Officer6,380,000 COP-25%
Chief Resilience Officer7,990,000 COP-6%
Chief Risk Officer7,080,000 COP-16%
Chief Strategy Officer8,430,000 COP-0%
Chief Trust and Safety Officer6,400,000 COP-24%
Client Account Manager6,440,000 COP-24%
Client Accounts Officer5,140,000 COP-39%
Client Services Manager7,040,000 COP-17%
Commercial Director7,140,000 COP-16%
Commercial Manager6,150,000 COP-27%
Commercial Project Manager5,500,000 COP-35%
Commodity Broker4,240,000 COP-50%
COO7,970,000 COP-6%
Corporate Affairs Executive5,950,000 COP-30%
Corporate Compliance Director6,600,000 COP-22%
Corporate Director7,280,000 COP-14%
Corporate Officer4,970,000 COP-41%
Corporate Partnerships Officer5,080,000 COP-40%
Country Manager8,500,000 COP+0%
Department Head6,430,000 COP-24%
Department Manager6,730,000 COP-21%
Department Supervisor5,520,000 COP-35%
Deputy Director7,120,000 COP-16%
Deputy Manager7,650,000 COP-10%
Director7,960,000 COP-6%
Director of Accreditation7,000,000 COP-17%
Director of Catering Services5,960,000 COP-30%
Director of Client Services6,600,000 COP-22%
Director of Facilities Management5,730,000 COP-32%
Director of Operations6,650,000 COP-21%
Director of Process Simplification5,740,000 COP-32%
Director of Product Management6,820,000 COP-19%
Director of Project Management7,160,000 COP-15%
Director of Revenue Management6,340,000 COP-25%
Director of Training and Development6,680,000 COP-21%
Distribution Manager7,480,000 COP-12%
Division Manager5,870,000 COP-31%
Duty Manager6,100,000 COP-28%
Engagement Manager7,180,000 COP-15%
Executive Director10,200,000 COP+20%
Executive Manager8,680,000 COP+2%
Franchise Manager8,980,000 COP+6%
General Manager8,470,000 COP+0%
Generational Consultant5,680,000 COP-33%
Global Master Data Manager7,260,000 COP-14%
Global Technical Lead5,020,000 COP-41%
Head of Investment6,710,000 COP-21%
Head of Middle Office6,390,000 COP-25%
Head of Projects6,870,000 COP-19%
Head of Strategy7,690,000 COP-9%
Head of Supply Chain6,560,000 COP-23%
Head of Sustainability5,720,000 COP-32%
Housing Manager5,720,000 COP-32%
HSE Manager5,590,000 COP-34%
Innovation Manager6,120,000 COP-28%
Key Account Manager6,030,000 COP-29%
Knowledge Manager6,940,000 COP-18%
Location Manager6,580,000 COP-22%
Logistics Executive5,400,000 COP-36%
Logistics Manager5,390,000 COP-36%
Management Consultant5,450,000 COP-36%
Management Executive7,880,000 COP-7%
Manager7,160,000 COP-15%
Managing Director8,660,000 COP+2%
MIS Executive6,920,000 COP-18%
Ocean Services Manager7,420,000 COP-12%
Online Business Manager9,710,000 COP+15%
Operational Manager7,130,000 COP-16%
Operations Analyst5,900,000 COP-30%
Operations Assistant4,860,000 COP-43%
Operations Director8,020,000 COP-5%
Operations Executive7,620,000 COP-10%
Operations Manager7,580,000 COP-10%
Operations Supervisor6,380,000 COP-25%
Planning Director7,250,000 COP-14%
PMO Manager6,540,000 COP-23%
Policy Administration Executive5,920,000 COP-30%
Private Sector Executive6,380,000 COP-25%
Product Development Manager7,040,000 COP-17%
Product Executive6,050,000 COP-29%
Production Executive7,230,000 COP-15%
Production Manager6,910,000 COP-18%
Production Supervisor5,840,000 COP-31%
Program Director7,150,000 COP-16%
Program Manager7,100,000 COP-16%
Programme Coordinator4,830,000 COP-43%
Project Control Manager7,040,000 COP-17%
Project Coordinator4,170,000 COP-51%
Project Management Officer4,730,000 COP-44%
Project Manager5,100,000 COP-40%
Project Portfolio Manager5,610,000 COP-34%
Quality Manager5,770,000 COP-32%
R/D Director5,940,000 COP-30%
Regional Director9,300,000 COP+10%
Regional Manager7,550,000 COP-11%
Relationship Manager7,030,000 COP-17%
Retail District Manager5,120,000 COP-40%
Revenue Manager5,480,000 COP-35%
Risk and Capital Manager8,120,000 COP-4%
Risk Officer5,150,000 COP-39%
Safety Manager5,000,000 COP-41%
Section Head5,250,000 COP-38%
Service Manager5,610,000 COP-34%
Shift Supervisor4,510,000 COP-47%
Solutions Manager5,130,000 COP-39%
Supervisor4,140,000 COP-51%
Supply Chain Manager7,600,000 COP-10%
Surveyor4,770,000 COP-44%
Technical Director6,690,000 COP-21%
Technical Manager6,430,000 COP-24%
Territory Manager7,120,000 COP-16%
Validation Manager5,900,000 COP-30%
Vice President8,520,000 COP+1%
Zone Manager6,960,000 COP-18%

Salary Comparison By City

CityAverage Salary
Bogota8,870,000 COP

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Colombia is 11% on average across all career fields.

Private Sector
4,410,000 COP
Public Sector+11%
4,900,000 COP
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title General Manager in Colombia?

A good and competitive compensation would range anywhere between 7,700,000 COP and 8,740,000 COP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like General Manager in Colombia ranges from 4,400,000 COP to 6,390,000 COP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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