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Average Salary in Guatemala 2020

How much money does a person working in Guatemala make?


Average Monthly Salary
10,500 GTQ
( 126,000 GTQ yearly)

LOW
2,650
GTQ
AVERAGE
10,500
GTQ
HIGH
46,800
GTQ

A person working in Guatemala typically earns around 10,500 GTQ per month. Salaries range from 2,650 GTQ (lowest average) to 46,800 GTQ (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Guatemala

Median and salary distribution monthly Guatemala
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Guatemala range from 2,650 GTQ per month (minimum salary) to 46,800 GTQ per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 11,100 GTQ per month, which means that half (50%) of the population are earning less than 11,100 GTQ while the other half are earning more than 11,100 GTQ. 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 the population are earning less than 6,190 GTQ while 75% of them are earning more than 6,190 GTQ. Also from the diagram, 75% of the population are earning less than 30,700 GTQ while 25% are earning more than 30,700 GTQ.


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
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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.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education 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 multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Guatemala costs anywhere from 52,400 Quetzal(s) to 157,000 Quetzal(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Guatemala
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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 employees in Guatemala earn 18% more than their female counterparts on avergae across all sectors.

Female
9,710 GTQ
Male+18%
11,500 GTQ
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Guatemala

How much are annual salary increments in Guatemala? How often do employees get salary raises?

Guatemala

Employees in Guatemala are likely to observe a salary increase of approximately 7% every 19 months.

Annual Salary Increment Rate Guatemala
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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.

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 Guatemala is 4%.

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 Guatemala 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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Guatemala

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Guatemala
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47% of surveyed staff in Guatemala reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
53%
No Bonus
47%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Guatemala
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Where can you get paid more, working for a private company or for the government? Public sector employees in Guatemala earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
10,000 GTQ
Public Sector+11%
11,100 GTQ
Percentage increase and decrease are relative to the previous value

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant6,710 GTQ
Accounting Assistant5,190 GTQ
Accounting Manager15,600 GTQ
Bookkeeper4,430 GTQ
Chartered Accountant8,870 GTQ
Corporate Treasurer13,900 GTQ
Financial Analyst12,800 GTQ
Financial Manager19,300 GTQ
Internal Auditor9,200 GTQ

Administration / Reception / Secretarial
Administrative Assistant5,290 GTQ
Office Manager8,390 GTQ
Receptionist3,930 GTQ
Secretary4,590 GTQ

Advertising / Grapic Design / Events
Art Director9,780 GTQ
Creative Director10,000 GTQ
Graphic Designer6,020 GTQ
Photographer5,740 GTQ

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer12,300 GTQ
Air Traffic Controller10,500 GTQ
Flight Attendant7,070 GTQ
Pilot16,700 GTQ

Architecture
Architect12,000 GTQ
CAD Drafter4,900 GTQ

Automotive
Mechanic3,570 GTQ
Service Advisor7,100 GTQ

Banking
Bank Branch Manager17,700 GTQ
Teller3,620 GTQ

Bilingual
Teacher7,600 GTQ
Translator8,870 GTQ

Business Planning
Business Analyst12,600 GTQ
Business Development Manager15,900 GTQ
Project Manager10,800 GTQ

Care Giving and Child Care
Nanny4,200 GTQ
Nursery Teacher3,670 GTQ

Construction / Building / Installation
Civil Engineer9,460 GTQ
Construction Project Manager16,000 GTQ
Health and Safety Officer4,550 GTQ

Customer Service and Call Center
Call Center Representative3,820 GTQ
Customer Service Manager13,800 GTQ
Customer Service Representative3,780 GTQ

Engineering
Electrical Engineer9,760 GTQ
Engineer9,180 GTQ
Mechanical Engineer9,580 GTQ

Executive and Management
Chief Executive Officer21,400 GTQ
Chief Financial Officer21,400 GTQ
General Manager17,800 GTQ

Food / Hospitality / Tourism / Catering
Chef5,980 GTQ
Executive Chef7,470 GTQ
Hotel Manager17,900 GTQ
Travel Agent6,140 GTQ
Waiter / Waitress3,030 GTQ

Health and Medical
Dentist23,400 GTQ
Dietitian18,600 GTQ
Laboratory Technician7,610 GTQ
Nurse8,070 GTQ

Human Resources
Human Resources Manager14,800 GTQ
Human Resources Officer6,270 GTQ

Information Technology
Computer Technician7,710 GTQ
Database Administrator9,940 GTQ
Developer / Programmer10,100 GTQ
Information Technology Manager16,700 GTQ
Network Engineer8,670 GTQ

Law Enforcement / Security / Fire
Police Officer6,040 GTQ

Legal
Attorney19,600 GTQ
Legal Assistant5,230 GTQ

Media / Broadcasting / Arts / Entertainment
Journalist10,800 GTQ

Pharmaceutical and Biotechnology
Biomedical Engineer8,910 GTQ
Pharmacist13,100 GTQ

Sales Retail and Wholesale
Cashier3,720 GTQ
Sales Manager17,900 GTQ
Sales Representative6,660 GTQ

Teaching / Education
Elementary School Teacher7,000 GTQ
Secondary School Teacher7,940 GTQ

Average Hourly Wage in Guatemala


60 GTQ per hour

The average hourly wage (pay per hour) in Guatemala is 60 GTQ. This means that the average person in Guatemala earns approximately 60 GTQ 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.

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