Physician - Cardiology Average Salary in Colombia 2023

How much money does a Physician - Cardiology make in Colombia?

Average Monthly Salary

17,700,000 COP

( 212,000,000 COP yearly)

LOW
8,840,000
COP AVERAGE
17,700,000
COP HIGH
27,400,000
COP

Physician - Cardiology Salary Distribution in Colombia

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

• Salary Range

  Physician - Cardiology salaries in Colombia range from 8,840,000 COP per month (minimum salary) to 27,400,000 COP per month (maximum salary).

• Median Salary

  The median salary is 17,700,000 COP per month, which means that half (50%) of people working as Physician - Cardiology(s) are earning less than 17,700,000 COP while the other half are earning more than 17,700,000 COP. 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 Physician - Cardiology(s) are earning less than 11,900,000 COP while 75% of them are earning more than 11,900,000 COP. Also from the diagram, 75% of Physician - Cardiology(s) are earning less than 22,500,000 COP while 25% are earning more than 22,500,000 COP.

Physician - Cardiology 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 Physician - Cardiology salaries by experience level and this is what we found.

A Physician - Cardiology with less than two years of experience makes approximately 10,600,000 COP per month.

While someone with an experience level between two and five years is expected to earn 14,000,000 COP 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 18,800,000 COP per month, 34% more than someone with two to five years of experience.

Additionally, Physician - Cardiology(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 22,400,000 COP 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 24,100,000 COP 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 25,900,000 COP per month, 7% more than people with fifteen to twenty years of experience.

Physician - Cardiology average salary change by experience in Colombia

Typical Salary Progress for Most Careers

Physician - Cardiology 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 Physician - Cardiology employees in Colombia earn 6% more than their female counterparts on average.

Salary Comparison By Gender in Colombia for all Careers

Physician - Cardiology Average Annual Salary Increment Percentage in Colombia

How much are annual salary increments in Colombia for Physician - Cardiology(s)? How often do employees get salary raises?

Physician - Cardiology

Physician - Cardiology(s) in Colombia are likely to observe a salary increase of approximately 13% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Colombia / 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 2022

Listed above are the average annual increase rates for each industry in Colombia for the year 2022. 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

Physician - Cardiology Bonus and Incentive Rates in Colombia

How much and how often are bonuses being awarded?

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A Physician - Cardiology is considered to be a high 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.

17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus		83%
No Bonus		17%

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?

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.

Physician - Cardiology Average Hourly Wage in Colombia

102,000 COP per hour

The average hourly wage (pay per hour) in Colombia is 102,000 COP. This means that the average Physician - Cardiology in Colombia earns approximately 102,000 COP 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.

Physician - Cardiology VS Other Jobs

The average salary for Physician - Cardiology is 60% more than that of Doctor / Physician. Also, Doctor / Physician salaries are 57% more than those of Health and Medical.

Salary comparison with similar jobs

Advanced Nutrition Aide	6,420,000 COP	-64%
Advanced Practice Provider	6,380,000 COP	-64%
Allergist	9,050,000 COP	-49%
Behavioral Health Specialist	5,170,000 COP	-71%
Chiropractor	5,360,000 COP	-70%
Clinical Psychologist	15,200,000 COP	-14%
Correctional Treatment Specialist	8,500,000 COP	-52%
Counseling Psychologist	11,200,000 COP	-37%
Dermatologist	14,200,000 COP	-20%
Dietitian	9,060,000 COP	-49%
Doctor	11,100,000 COP	-37%
Emergency Department Physician	10,200,000 COP	-42%
Exercise Physiologist	11,300,000 COP	-36%
Forensic Pathologist	12,300,000 COP	-30%
General Medical Practitioner	9,490,000 COP	-46%
Genetic Counselor	7,260,000 COP	-59%
Internist	14,900,000 COP	-16%
Interventionist	13,600,000 COP	-23%
Invasive Cardiologist	19,000,000 COP	+7%
Mental Health Therapst	8,470,000 COP	-52%
Naturopathic Physician	13,900,000 COP	-21%
Neurologist	14,700,000 COP	-17%
Neurophysiology Technologist	4,020,000 COP	-77%
Nuclear Medicine Physician	12,400,000 COP	-30%
Obstetrician / Gynecologist	12,700,000 COP	-28%
Occupational Health Safety Specialist	6,390,000 COP	-64%
Ophthalmologist	9,490,000 COP	-46%
Optometrist	9,900,000 COP	-44%
Pediatrician	11,600,000 COP	-34%
Physical Therapist	7,350,000 COP	-58%
Physical Therapy Director	8,890,000 COP	-50%
Physician - Anesthesiology	15,700,000 COP	-11%
Physician - Cardiology	17,700,000 COP	+0%
Physician - CCU	9,490,000 COP	-46%
Physician - Dermatology	14,100,000 COP	-20%
Physician - Emergency Room	9,990,000 COP	-43%
Physician - Endocrinology	13,400,000 COP	-24%
Physician - Family Practice	9,750,000 COP	-45%
Physician - Gastroenterology	12,600,000 COP	-29%
Physician - Generalist	10,500,000 COP	-41%
Physician - Geriatrics	8,630,000 COP	-51%
Physician - Hematology / Oncology	12,700,000 COP	-28%
Physician - Immunology / Allergy	14,400,000 COP	-19%
Physician - Infectious Disease	11,600,000 COP	-34%
Physician - Internal Medicine	14,900,000 COP	-16%
Physician - Maternal / Fetal Medicine	11,300,000 COP	-36%
Physician - Nephrology	14,500,000 COP	-18%
Physician - Neurology	13,700,000 COP	-22%
Physician - Nuclear Medicine	12,200,000 COP	-31%
Physician - Obstetrics / Gynecology	12,300,000 COP	-30%
Physician - Occupational Medicine	9,950,000 COP	-44%
Physician - Ophthalmology	8,870,000 COP	-50%
Physician - Otolaryngology	8,720,000 COP	-51%
Physician - Pain Medicine	8,530,000 COP	-52%
Physician - Pathology	10,300,000 COP	-42%
Physician - Pediatric Cardiology	13,300,000 COP	-25%
Physician - Pediatric Neonatology	12,100,000 COP	-32%
Physician - Pediatrics	11,400,000 COP	-36%
Physician - Physiatry	11,800,000 COP	-33%
Physician - Podiatry	11,400,000 COP	-36%
Physician - Pulmonary Medicine	8,510,000 COP	-52%
Physician - Radiation Therapy	14,600,000 COP	-17%
Physician - Radiology	13,900,000 COP	-21%
Physician - Rheumatology	12,800,000 COP	-28%
Physician - Sports Medicine	12,100,000 COP	-32%
Physician - Urology	16,400,000 COP	-7%
Physician Assistant	7,240,000 COP	-59%
Physiotherapist	8,480,000 COP	-52%
Podiatrist	8,520,000 COP	-52%
Preventive Medicine Physician	11,500,000 COP	-35%
Psychiatrist	12,600,000 COP	-29%
Psychololgist	12,000,000 COP	-32%
Psychometrician	10,800,000 COP	-39%
Radiologist	12,500,000 COP	-29%
Registered Respiratory Therapist	7,690,000 COP	-56%
Skin Care Specialist	7,280,000 COP	-59%
Urologist	16,800,000 COP	-5%
Vision Rehabilitation Therapist	7,950,000 COP	-55%

Salary Comparison By City

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 Colombia earn 11% more than their private sector counterparts on average across all sectors.