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Media Production Manager Average Salary in Bolivia 2021

How much money does a Media Production Manager make in Bolivia?


Average Monthly Salary
11,800 BOB
( 142,000 BOB yearly)

LOW
6,150
BOB
AVERAGE
11,800
BOB
HIGH
18,100
BOB

A person working as a Media Production Manager in Bolivia typically earns around 11,800 BOB per month. Salaries range from 6,150 BOB (lowest) to 18,100 BOB (highest).

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

Media Production Manager Salary Distribution in Bolivia

Median and salary distribution monthly Bolivia Media Production Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Media Production Manager salaries in Bolivia range from 6,150 BOB per month (minimum salary) to 18,100 BOB per month (maximum salary).

  • Median Salary

    The median salary is 11,300 BOB per month, which means that half (50%) of people working as Media Production Manager(s) are earning less than 11,300 BOB while the other half are earning more than 11,300 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 Media Production Manager(s) are earning less than 7,870 BOB while 75% of them are earning more than 7,870 BOB. Also from the diagram, 75% of Media Production Manager(s) are earning less than 14,100 BOB while 25% are earning more than 14,100 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

Media Production Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Bolivia Media Production 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 your wage. We broke down Media Production Manager salaries by experience level and this is what we found.

A Media Production Manager with less than two years of experience makes approximately 6,980 BOB per month.

While someone with an experience level between two and five years is expected to earn 9,370 BOB per month, 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 12,200 BOB per month, 30% 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, Media Production Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,700 BOB per month, 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 16,100 BOB per month, 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 16,900 BOB per month, 5% more than people with fifteen to twenty years of experience.


Media Production Manager average salary change by experience in Bolivia

0 - 2 Years
6,980 BOB
2 - 5 Years+34%
9,370 BOB
5 - 10 Years+30%
12,200 BOB
10 - 15 Years+21%
14,700 BOB
15 - 20 Years+9%
16,100 BOB
20+ Years+5%
16,900 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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Media Production Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Media Production Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Bolivia Media Production 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 Media Production Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Media Production Manager is 8,410 BOB per month.

While someone with a Certificate or Diploma gets a salary of 9,610 BOB per month, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 13,500 BOB per month, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 16,400 BOB per month, 21% more than someone with Bachelor's Degree.


Media Production Manager average salary difference by education level in Bolivia

High School
8,410 BOB
Certificate or Diploma+14%
9,610 BOB
Bachelor's Degree+41%
13,500 BOB
Master's Degree+21%
16,400 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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Media Production Manager Salary Comparison By Gender

Salary comparison by gender monthly Bolivia Media Production Manager
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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 Media Production Manager employees in Bolivia earn 7% more than their female counterparts on average.

Male
12,300 BOB
Female-7%
11,500 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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Media Production Manager Average Annual Salary Increment Percentage in Bolivia

How much are annual salary increments in Bolivia for Media Production Manager(s)? How often do employees get salary raises?

Media Production Manager

Media Production Manager(s) in Bolivia are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bolivia Media Production 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.

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 2020

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 2020. 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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Media Production Manager Bonus and Incentive Rates in Bolivia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bolivia Media Production Manager
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A Media Production Manager 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.

39% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 61% 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
61%
No Bonus
39%

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.

Media Production Manager Average Hourly Wage in Bolivia


68 BOB per hour

The average hourly wage (pay per hour) in Bolivia is 68 BOB. This means that the average Media Production Manager in Bolivia earns approximately 68 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.

Media Production Manager VS Other Jobs

Salary Comparison Between Media Production Manager and Advertising / Grapic Design / Events monthly Bolivia
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The average salary for Media Production Manager is 47% more than that of Advertising / Grapic Design / Events. Also, Advertising / Grapic Design / Events salaries are 6% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Advertising Account Executive9,850 BOB-17%
Advertising Account Manager10,700 BOB-9%
Advertising Account Planner5,220 BOB-56%
Advertising Coordinator7,150 BOB-39%
Advertising Manager13,400 BOB+13%
Advertising Operations Manager14,200 BOB+20%
Advertising Strategic Planner9,030 BOB-24%
Advertising Team Leader8,260 BOB-30%
Animator6,340 BOB-46%
Art Director8,940 BOB-24%
Artist7,290 BOB-38%
Artworker4,980 BOB-58%
Assistant Art Director6,540 BOB-45%
Audiosual Technician5,300 BOB-55%
Broadcast Administrator8,850 BOB-25%
Catering Sales5,680 BOB-52%
Catering Trainer6,770 BOB-43%
Commercial and Industrial Designer5,040 BOB-57%
Conference Organiser6,420 BOB-46%
Content and Media Production Lead9,740 BOB-18%
CopyWriter5,840 BOB-51%
Creative Designer6,540 BOB-45%
Creative Director8,790 BOB-26%
Designer 5,000 BOB-58%
Desktop Publisher3,980 BOB-66%
Director of Graphic Design7,780 BOB-34%
Events and Promotions Manager13,700 BOB+16%
Exhibit Display Coordinator6,640 BOB-44%
Exhibit Display Manager9,090 BOB-23%
Finisher4,410 BOB-63%
Graphic Artist5,710 BOB-52%
Graphic Designer5,210 BOB-56%
Graphics Design Supervisor7,770 BOB-34%
Imagery Analyst4,830 BOB-59%
Imaging Technologist4,960 BOB-58%
Interaction Designer4,560 BOB-61%
Media Planner7,010 BOB-41%
Media Production Coordinator6,400 BOB-46%
Media Production Manager11,800 BOB-0%
Media Project Manager12,300 BOB+4%
Media Relations Representative10,100 BOB-15%
Media Sales Executive11,400 BOB-4%
Multimedia Specialist4,960 BOB-58%
Photographer4,840 BOB-59%
PPC Campaign Manager9,210 BOB-22%
Print Production Manager9,790 BOB-17%
Product and Brand Manager13,100 BOB+11%
Sales Promotion Manager14,000 BOB+18%
Sketch Artist6,380 BOB-46%
Social Media Executive11,500 BOB-3%
Technical Typist3,810 BOB-68%
User Experience UX Designer6,020 BOB-49%
UX Designer5,250 BOB-56%

Salary Comparison By City

CityAverage Salary
Cochabamba11,800 BOB
La Paz12,400 BOB
Oruro12,200 BOB
Potosi10,200 BOB
Santa Cruz12,200 BOB
Sucre11,500 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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