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Multimedia Specialist Average Salary in Guyana 2021

How much money does a Multimedia Specialist make in Guyana?


Average Monthly Salary
93,000 GYD
( 1,120,000 GYD yearly)

LOW
42,800
GYD
AVERAGE
93,000
GYD
HIGH
148,000
GYD

A person working as a Multimedia Specialist in Guyana typically earns around 93,000 GYD per month. Salaries range from 42,800 GYD (lowest) to 148,000 GYD (highest).

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

Multimedia Specialist Salary Distribution in Guyana

Median and salary distribution monthly Guyana Multimedia Specialist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Multimedia Specialist salaries in Guyana range from 42,800 GYD per month (minimum salary) to 148,000 GYD per month (maximum salary).

  • Median Salary

    The median salary is 100,000 GYD per month, which means that half (50%) of people working as Multimedia Specialist(s) are earning less than 100,000 GYD while the other half are earning more than 100,000 GYD. 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 Multimedia Specialist(s) are earning less than 64,500 GYD while 75% of them are earning more than 64,500 GYD. Also from the diagram, 75% of Multimedia Specialist(s) are earning less than 134,000 GYD while 25% are earning more than 134,000 GYD.


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

Multimedia Specialist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Guyana Multimedia Specialist
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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 Multimedia Specialist salaries by experience level and this is what we found.

A Multimedia Specialist with less than two years of experience makes approximately 48,600 GYD per month.

While someone with an experience level between two and five years is expected to earn 64,900 GYD 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 95,900 GYD per month, 48% 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, Multimedia Specialist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 117,000 GYD per month, 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 127,000 GYD 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 138,000 GYD per month, 8% more than people with fifteen to twenty years of experience.


Multimedia Specialist average salary change by experience in Guyana

0 - 2 Years
48,600 GYD
2 - 5 Years+34%
64,900 GYD
5 - 10 Years+48%
95,900 GYD
10 - 15 Years+22%
117,000 GYD
15 - 20 Years+9%
127,000 GYD
20+ Years+8%
138,000 GYD
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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Multimedia Specialist Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Guyana Multimedia Specialist
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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 Multimedia Specialist salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Multimedia Specialist is 59,600 GYD per month.

While someone with a Certificate or Diploma gets a salary of 70,100 GYD per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 102,000 GYD per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 133,000 GYD per month, 31% more than someone with Bachelor's Degree.


Multimedia Specialist average salary difference by education level in Guyana

High School
59,600 GYD
Certificate or Diploma+18%
70,100 GYD
Bachelor's Degree+45%
102,000 GYD
Master's Degree+31%
133,000 GYD
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 Guyana costs anywhere from 876,000 Guyana Dollar(s) to 2,630,000 Guyana Dollar(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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Multimedia Specialist Salary Comparison By Gender

Salary comparison by gender monthly Guyana Multimedia Specialist
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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 Multimedia Specialist employees in Guyana earn 12% more than their female counterparts on average.

Male
98,200 GYD
Female-11%
87,800 GYD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Guyana for all Careers

Salary comparison by gender monthly Guyana
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Multimedia Specialist Average Annual Salary Increment Percentage in Guyana

How much are annual salary increments in Guyana for Multimedia Specialist(s)? How often do employees get salary raises?

Multimedia Specialist

Multimedia Specialist(s) in Guyana are likely to observe a salary increase of approximately 6% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Guyana Multimedia Specialist
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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.

Guyana / 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 Guyana is 2%.

Annual Increment Rate By Industry 2020

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Guyana 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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Multimedia Specialist Bonus and Incentive Rates in Guyana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Guyana Multimedia Specialist
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A Multimedia Specialist is considered to be a low 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.

85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
15%
No Bonus
85%

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.

Multimedia Specialist Average Hourly Wage in Guyana


540 GYD per hour

The average hourly wage (pay per hour) in Guyana is 540 GYD. This means that the average Multimedia Specialist in Guyana earns approximately 540 GYD 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.

Multimedia Specialist VS Other Jobs

Salary Comparison Between Multimedia Specialist and Advertising / Grapic Design / Events monthly Guyana
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The average salary for Multimedia Specialist is 44% less 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 Executive186,000 GYD+100%
Advertising Account Manager200,000 GYD+120%
Advertising Account Planner104,000 GYD+12%
Advertising Coordinator130,000 GYD+40%
Advertising Manager261,000 GYD+180%
Advertising Operations Manager262,000 GYD+180%
Advertising Strategic Planner178,000 GYD+91%
Advertising Team Leader160,000 GYD+72%
Animator116,000 GYD+25%
Art Director158,000 GYD+70%
Artist142,000 GYD+53%
Artworker99,400 GYD+7%
Assistant Art Director136,000 GYD+46%
Audiosual Technician100,000 GYD+8%
Broadcast Administrator179,000 GYD+92%
Catering Sales104,000 GYD+12%
Catering Trainer120,000 GYD+29%
Commercial and Industrial Designer101,000 GYD+9%
Conference Organiser124,000 GYD+33%
Content and Media Production Lead190,000 GYD+100%
CopyWriter114,000 GYD+23%
Creative Designer126,000 GYD+35%
Creative Director166,000 GYD+78%
Designer 98,900 GYD+6%
Desktop Publisher82,600 GYD-11%
Director of Graphic Design158,000 GYD+70%
Events and Promotions Manager268,000 GYD+190%
Exhibit Display Coordinator126,000 GYD+35%
Exhibit Display Manager166,000 GYD+78%
Finisher89,400 GYD-4%
Graphic Artist108,000 GYD+16%
Graphic Designer102,000 GYD+10%
Graphics Design Supervisor151,000 GYD+62%
Imagery Analyst93,700 GYD+1%
Imaging Technologist93,000 GYD-0%
Interaction Designer85,100 GYD-9%
Media Planner133,000 GYD+43%
Media Production Coordinator130,000 GYD+40%
Media Production Manager232,000 GYD+150%
Media Project Manager223,000 GYD+140%
Media Relations Representative196,000 GYD+110%
Media Sales Executive206,000 GYD+120%
Multimedia Specialist93,000 GYD-0%
Photographer88,600 GYD-5%
PPC Campaign Manager163,000 GYD+75%
Print Production Manager174,000 GYD+87%
Product and Brand Manager274,000 GYD+190%
Sales Promotion Manager266,000 GYD+190%
Sketch Artist114,000 GYD+23%
Social Media Executive203,000 GYD+120%
Technical Typist78,200 GYD-16%
User Experience UX Designer116,000 GYD+25%
UX Designer98,000 GYD+5%

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 Guyana earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
166,000 GYD
Public Sector+14%
189,000 GYD
Percentage increase and decrease are relative to the previous value

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