Principal Cost Engineer Average Salary in Guadalajara 2024
How much money does a person working as Principal Cost Engineer make in Guadalajara?
LOW
17,400
MXN AVERAGE
37,900
MXN HIGH
60,300
MXN
A person working as Principal Cost Engineer in Guadalajara typically earns around 37,900 MXN. Salaries range from 17,400 MXN (lowest) to 60,300 MXN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Principal Cost Engineer salaries in Guadalajara vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Principal Cost Engineer Pay Scale and Salaries in Guadalajara
Salary Structure and Pay Scale Comparison
36,000 MXN or more
31,500 to 36,000 MXN
21,700 MXN or less
21,700 to 31,500 MXN
 17,400 MXN |
36,200 MXN |
60,300 MXN |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Principal Cost Engineer in Guadalajara range from 17,400 MXN (starting salary) to 60,300 MXN (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 36,200 MXN, half of the professionals who work as Principal Cost Engineer in Guadalajara 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 Principal Cost Engineer in Guadalajara earn less than 29,200 MXN, while 75% earn more. Similarly, the chart shows that 75% earn less than 41,800 MXN 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 Principal Cost Engineer in Guadalajara compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 21,700 MXN to 31,500 MXN. About 20% of salaries are below the 21,700 MXN mark, while 10% fall within the range of 31,500 MXN to 36,000 MXN. Only 5% of individuals have salaries exceeding 36,000 MXN.
Salary Comparison by Years of Experience / Principal Cost Engineer / Guadalajara
How do experience and age affect pay?
| 0 - 2 Years | 19,800 MXN | |
| 2 - 5 Years | +34% | 26,400 MXN |
| 5 - 10 Years | +48% | 39,100 MXN |
| 10 - 15 Years | +22% | 47,700 MXN |
| 15 - 20 Years | +9% | 51,900 MXN |
| 20+ Years | +8% | 56,200 MXN |
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 Principal Cost Engineer and this is what we found.
Employees with less than two years of experience earn approximately 19,800 MXN.
While someone with an experience level between two and five years is expected to earn 26,400 MXN, 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 39,100 MXN, 48% 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 47,700 MXN, 22% 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 51,900 MXN, 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 56,200 MXN, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Principal Cost Engineer / Guadalajara
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Principal Cost Engineer.
| Bachelor's Degree | 23,000 MXN | |
| Master's Degree | +93% | 44,400 MXN |
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 Principal Cost Engineer in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 23,000 MXN.
Level 2: Master's Degree
At this level, the average salary becomes 44,400 MXN, 93% 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 Mexico costs anywhere from 167,000 MXN to 500,000 MXN 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 and Compensation Comparison By Gender / Principal Cost Engineer / Guadalajara
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 Principal Cost Engineer in Mexico, the average difference between the salary of male and female employees is 10%.
| Male | 30,000 MXN | |
| Female | -9% | 27,200 MXN |
Salary Comparison By Gender in Mexico for all Careers
Average Annual Salary Increment Percentage / Principal Cost Engineer / Guadalajara
How much are annual salary increments in Guadalajara for individuals working as Principal Cost Engineer? How often do employees get salary raises?
Individuals working as Principal Cost Engineer in Mexico are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Mexico / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Principal Cost Engineer / Mexico
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/mexico/engineering/principal-cost-engineer/annual-salary-bonus-rate-mexico-principal-cost-engineer.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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.
Average Hourly Wage / Principal Cost Engineer / Guadalajara
220 MXN per hourThe average hourly wage (pay per hour) for individuals working as Principal Cost Engineer in Guadalajara is 220 MXN.This is the rate they get paid for every worked hour.
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 Principal Cost Engineer in Guadalajara is 100 MXN. 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 Title | Average Salary |
| Engineering |  -100% | |
| 3D Printing Engineer | 33,800 MXN | -11% |
| Acoustics Engineer | 35,000 MXN | -8% |
| Assembly Engineering Technician | 29,900 MXN | -21% |
| Assistant Chief Engineer | 43,000 MXN |  +13% |
| Associate Engineer | 35,600 MXN | -6% |
| AutoCAD Drafter | 22,700 MXN | -40% |
| Autocad Operator | 24,300 MXN | -36% |
| Automation Engineer | 38,600 MXN | +2% |
| Avionic System Support Engineer | 35,800 MXN | -6% |
| Biochemical Engineer | 36,900 MXN | -3% |
| BMS Engineer | 34,100 MXN | -10% |
| Bridge and Lock Tender | 20,000 MXN | -47% |
| Broadcast Engineer | 37,800 MXN | -0% |
| CAD Design Engineer | 37,400 MXN | -1% |
| CAD Designer | 24,800 MXN | -35% |
| CAE Engineer | 37,400 MXN | -1% |
| Ceramics Engineer | 34,800 MXN | -8% |
| Chemical Engineer | 37,200 MXN | -2% |
| Civil Drafter | 22,700 MXN | -40% |
| Civil Engineer | 39,000 MXN | +3% |
| Civil Site Engineer | 40,100 MXN | +6% |
| Civil Technician | 23,500 MXN | -38% |
| Cognitive Engineer | 34,100 MXN | -10% |
| Commissioning Engineer | 37,800 MXN | -0% |
| Communications Engineer | 41,300 MXN | +9% |
| Condition Monitoring Engineer | 33,200 MXN | -12% |
| Contract Associate Engineer | 37,600 MXN | -1% |
| Contract Engineer | 37,200 MXN | -2% |
| Control Systems Engineer | 38,500 MXN | +2% |
| Controls Engineer | 37,800 MXN | -0% |
| Controls Software Engineer | 34,200 MXN | -10% |
| Corrosion Engineer | 35,500 MXN | -6% |
| Design Engineer | 38,200 MXN | +1% |
| Director of Engineering | 75,900 MXN | +100% |
| Drafter | 22,700 MXN | -40% |
| Drafting Manager | 45,600 MXN | +20% |
| Drilling Engineer | 36,000 MXN | -5% |
| Drilling Foreman | 11,700 MXN | -69% |
| Electrical Draughtsman | 18,400 MXN | -51% |
| Electrical Engineer | 40,200 MXN | +6% |
| Electrical Engineering Manager | 52,100 MXN | +37% |
| Electromechanical Engineering Technologist | 38,900 MXN | +3% |
| Electromechanical Equipment Assembler | 20,800 MXN | -45% |
| Energy Engineer | 39,200 MXN | +3% |
| Engine Assembler | 17,300 MXN | -54% |
| Engineer | 41,900 MXN | +10% |
| Engineering Account Manager | 44,800 MXN | +18% |
| Engineering Chief Designer | 43,600 MXN | +15% |
| Engineering Consultant | 51,100 MXN | +35% |
| Engineering Key Account Manager | 53,700 MXN | +42% |
| Engineering Lab Technician | 37,200 MXN | -2% |
| Engineering Manager | 50,200 MXN | +32% |
| Engineering Planning Manager | 51,600 MXN | +36% |
| Engineering Production Manager | 66,400 MXN | +75% |
| Engineering Project Analyst | 44,500 MXN | +17% |
| Engineering Project Coordinator | 42,400 MXN | +12% |
| Engineering Project Director | 76,600 MXN | +100% |
| Engineering Project Leader | 47,100 MXN | +24% |
| Engineering Project Manager | 51,900 MXN | +37% |
| Engineering Research and Development Manager | 61,900 MXN | +63% |
| Engineering Safety Coordinator | 28,800 MXN | -24% |
| Engineering Sales Manager | 52,200 MXN | +38% |
| Engineering Technician | 28,800 MXN | -24% |
| Engineering Technologist | 30,600 MXN | -19% |
| Environmental Engineer | 38,500 MXN | +2% |
| Equipment Engineer | 35,500 MXN | -6% |
| Equipment Engineering Manager | 50,800 MXN | +34% |
| Estimator | 31,300 MXN | -17% |
| Fabrication Specialist | 26,500 MXN | -30% |
| Fabricator | 16,900 MXN | -55% |
| Facade Engineer | 38,600 MXN | +2% |
| Fiber Analyst | 21,100 MXN | -44% |
| Field Engineer | 39,700 MXN | +5% |
| Field Engineering Manager | 63,900 MXN | +68% |
| Fire Engineer | 38,400 MXN | +1% |
| Fitter and Turner | 12,100 MXN | -68% |
| Forestry Strategic Planner | 45,000 MXN | +19% |
| Generation Engineer | 38,300 MXN | +1% |
| Genetic Engineer | 43,600 MXN | +15% |
| Geological Engineer | 39,000 MXN | +3% |
| Geotechnical Engineer | 39,800 MXN | +5% |
| Heavy Equipment Mechanic | 19,500 MXN | -49% |
| Highway Engineer | 36,900 MXN | -3% |
| HSE Professional | 36,200 MXN | -5% |
| Human Machine Interface Engineer | 35,300 MXN | -7% |
| HVAC Engineer | 39,000 MXN | +3% |
| HVAC Supervisor | 35,500 MXN | -6% |
| Industrial Engineer | 34,900 MXN | -8% |
| Industrial Engineering Technologist | 36,800 MXN | -3% |
| Instrument Engineer | 35,800 MXN | -6% |
| Instrument Technician | 21,200 MXN | -44% |
| Instrumentation and Control Engineer | 37,700 MXN | -1% |
| Instrumentation Designer | 31,900 MXN | -16% |
| Instrumentation Engineer | 37,400 MXN | -1% |
| Instrumentation Manager | 37,000 MXN | -2% |
| Irrigation Engineer | 38,600 MXN | +2% |
| Licensed Aircraft Engineer | 42,200 MXN | +11% |
| Locomotive Engineer | 36,800 MXN | -3% |
| Maintenance Engineer | 36,900 MXN | -3% |
| Maintenance Fitter | 12,900 MXN | -66% |
| Maintenance Manager | 37,700 MXN | -1% |
| Manufacturing Engineer | 37,500 MXN | -1% |
| Marine Engineer | 38,800 MXN | +2% |
| Materials Engineer | 37,400 MXN | -1% |
| Materials Researcher | 36,500 MXN | -4% |
| Materials Technician | 27,700 MXN | -27% |
| Mechanical and Electrical Engineer | 42,600 MXN | +12% |
| Mechanical Design Engineer | 40,600 MXN | +7% |
| Mechanical Designer | 32,600 MXN | -14% |
| Mechanical Engineer | 40,200 MXN | +6% |
| Mechanical Engineering Manager | 52,500 MXN | +38% |
| Mechanical Inspector | 37,500 MXN | -1% |
| Mechatronics Engineer | 41,000 MXN | +8% |
| Mining Engineer | 38,100 MXN | +0% |
| Nanotechnology Engineer | 38,700 MXN | +2% |
| Natural Language Processing Engineer | 43,600 MXN | +15% |
| Oil and Petrochemical Engineer | 39,900 MXN | +5% |
| Optical Engineer | 36,000 MXN | -5% |
| Optical Instrument Assembler | 18,600 MXN | -51% |
| PCB Assembler | 13,900 MXN | -63% |
| Photonics Engineer | 41,100 MXN | +8% |
| Photonics Technician | 33,200 MXN | -12% |
| Pipeline Engineer | 36,200 MXN | -5% |
| Piping Designer | 21,300 MXN | -44% |
| Piping Engineer | 35,500 MXN | -6% |
| Planning Engineer | 37,500 MXN | -1% |
| Pressure Vessel Inspector | 18,400 MXN | -51% |
| Principal Cost Engineer | 37,900 MXN | -0% |
| Principal Engineer | 36,800 MXN | -3% |
| Principal Support Engineer | 40,200 MXN | +6% |
| Process Engineer | 35,800 MXN | -6% |
| Process Operator | 21,400 MXN | -44% |
| Product Development Engineer | 41,300 MXN | +9% |
| Product Development Technician | 27,200 MXN | -28% |
| Product Engineer | 40,900 MXN | +8% |
| Product Safety Engineer | 37,600 MXN | -1% |
| Production Engineer | 36,900 MXN | -3% |
| Project Engineer | 41,100 MXN | +8% |
| Proposal Manager | 48,400 MXN | +28% |
| Purchasing Engineer | 33,400 MXN | -12% |
| Quality Assurance Engineer | 38,100 MXN | +0% |
| Rail Engineer | 38,400 MXN | +1% |
| Regional Field Engineer | 40,000 MXN | +5% |
| Remote Sensing Engineer | 37,500 MXN | -1% |
| Robotics Engineer | 42,400 MXN | +12% |
| Robotics Technician | 30,300 MXN | -20% |
| Safety Engineer | 37,700 MXN | -1% |
| Safety Inspector | 30,300 MXN | -20% |
| Safety Manager | 47,000 MXN | +24% |
| Safety Officer | 19,000 MXN | -50% |
| Sales Engineer | 41,400 MXN | +9% |
| Scheduling Engineer | 34,500 MXN | -9% |
| Security Engineer | 39,400 MXN | +4% |
| Service Engineer | 39,200 MXN | +3% |
| Smart Home Engineer | 41,600 MXN | +10% |
| Solar Engineer | 39,200 MXN | +3% |
| Staff Engineer | 37,700 MXN | -1% |
| Static Equipment Engineer | 36,000 MXN | -5% |
| Stationary Engineer | 35,200 MXN | -7% |
| Stress Engineer | 34,100 MXN | -10% |
| Structural Analysis Engineer | 35,500 MXN | -6% |
| Structural Designer | 33,900 MXN | -11% |
| Structural Engineer | 38,900 MXN | +3% |
| Structural Technician | 25,200 MXN | -34% |
| Subsea Engineer | 45,700 MXN | +20% |
| Supply Chain Specialist | 35,500 MXN | -6% |
| Surveyor | 28,400 MXN | -25% |
| Technical Affairs Officer | 20,100 MXN | -47% |
| Technical Assistant | 19,500 MXN | -49% |
| Technical Engineer | 33,600 MXN | -11% |
| Technical Support Engineer | 33,200 MXN | -12% |
| Tender Engineer | 33,200 MXN | -12% |
| Test Development Engineer | 36,300 MXN | -4% |
| Test Engineer | 38,500 MXN | +2% |
| Transportation Engineer | 35,400 MXN | -7% |
| Urban Engineer | 39,500 MXN | +4% |
| Validation Engineer | 34,500 MXN | -9% |
| Verification Engineer | 35,800 MXN | -6% |
| Wastewater Engineer | 38,200 MXN | +1% |
| Wind Energy Engineer | 36,800 MXN | -3% |
| Wind Energy Operations Manager | 52,700 MXN | +39% |
| Wireless Engineer | 40,800 MXN | +8% |
| Work Planner | 25,700 MXN | -32% |
Salary Comparison By City
| City | Average Salary |
| Cancun | 35,600 MXN |
| Guadalajara | 37,900 MXN |
| Mexico City | 40,800 MXN |
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 Mexico is 9% on average across all career fields.
| Private Sector | 32,000 MXN | |
| Public Sector | +9% | 34,800 MXN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Principal Cost Engineer in Guadalajara?
A good and competitive compensation would range anywhere between 36,200 MXN and 41,800 MXN. 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 Principal Cost Engineer in Guadalajara ranges from 17,400 MXN to 29,200 MXN. 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
