Average Assistant Aircraft Mechanic Salary in Huancayo, Peru for 2024
In this article, we will look at the average Assistant Aircraft Mechanic salary for 2024 in Huancayo and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!
The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.
All salary information is in the local currency, which is the Peruvian sol. To keep things simple, we are using the PEN currency code instead of the currency symbol S/ .
How Much Does an Assistant Aircraft Mechanic Make in Huancayo?
An Assistant Aircraft Mechanic working in Huancayo will typically earn around 37,380 PEN per year, and this can range from the lowest average salary of about 18,780 PEN to the highest average salary of 61,180 PEN.
These are average salaries for an Assistant Aircraft Mechanic in Huancayo and include benefits such as housing and transport. It's also possible for an Assistant Aircraft Mechanic to earn more or less than the average salaries shown above.
Assistant Aircraft Mechanic salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.
Distribution of Assistant Aircraft Mechanic Salaries in Huancayo
So we've looked at the average salaries an Assistant Aircraft Mechanic will earn in Huancayo. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that an Assistant Aircraft Mechanic can earn between 18,780 PEN and 61,180 PEN on average in Huancayo. This is known as the range in statistics.
The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.
Median salary
The median salary for an Assistant Aircraft Mechanic in Huancayo is 38,780 PEN. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 38,780 PEN, and 50% of the population earn more than 38,780 PEN.
If you are earning more than the median salary, that's a good indicator that you are being paid well.
If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).
Percentiles
Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.
For the average Assistant Aircraft Mechanic salary in Huancayo, 25% of the population are earning less than 27,040 PEN while 75% of the population earn more than 27,040 PEN.
75% of the population earn less than 55,140 PEN, and 25% of the population earn more than 55,140 PEN.
Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.
The difference between a median and an average salary
The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.
- If your salary is higher than the average and the median salary, you are earning well compared to others.
- If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
- If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.
Assistant Aircraft Mechanic Salary by Experience Level in Huancayo
The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.
We have researched the average assistant aircraft mechanic salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.
- 0 - 2 Years Experience. An Assistant Aircraft Mechanic in Huancayo that has less than two years of experience can expect to earn somewhere in the region of 19,480 PEN.
- 2 - 5 Years Experience. With two to five years of experience the average Assistant Aircraft Mechanic salary would increase to 26,080 PEN.
- 5 - 10 Years Experience. From five to ten years of experience as an Assistant Aircraft Mechanic, the average salary would be 39,960 PEN.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 45,580 PEN.
- 15 - 20 Years Experience. An Assistant Aircraft Mechanic with 15 to 20 years of experience can earn an average of 51,400 PEN.
- 20+ Years Experience. For an Assistant Aircraft Mechanic with more than 20 years, the expected average salary increases to 54,500 PEN.
Average Salary by Experience Chart
0-2 Years |
19,480 PEN
|
|
2-5 Years | +34% |
26,080 PEN
|
5-10 Years | +48% |
39,960 PEN
|
10-15 Years | +22% |
45,580 PEN
|
15-20 Years | +9% |
51,400 PEN
|
20+ Years | +8% |
54,500 PEN
|
Assistant Aircraft Mechanic Salary by Education Level in Huancayo
As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?
In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.
The salary you can earn based on your education is very specific to both your location and the career path you choose.
In our research, we looked at the average salary for an Assistant Aircraft Mechanic in Huancayo based on the education level of the employees in order to find out whether a better education level would increase your salary.
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Certificate or Diploma. An Assistant Aircraft Mechanic in Huancayo with a certificate or diploma education can earn an average salary of 21,300 PEN.
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Bachelor's Degree. An Assistant Aircraft Mechanic in Huancayo with a bachelor's degree education can earn an average salary of 45,560 PEN.
Average Salary by Education Chart
Certificate or Diploma |
21,300 PEN
|
|
Bachelor's Degree | +93% |
45,560 PEN
|
How Much is a Master's Degree or MBA Program?
The approximate cost of a master's degree or post-graduate program like an MBA in Peru is around 37,700 to 113,000 PEN and takes two years to complete.
As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.
It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.
Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.
Assistant Aircraft Mechanic Salary Compared by Gender
In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.
In Huancayo, a male assistant aircraft mechanic will earn an average of 41,660 PEN, while a female assistant aircraft mechanic will earn around 39,160 PEN.
This means that a male assistant aircraft mechanic earns approximately 6% more than a female assistant aircraft mechanic for performing the same job.
Average Salary by Gender Chart in Huancayo
Male |
41,660 PEN
|
|
Female | -6% |
39,160 PEN
|
Assistant Aircraft Mechanic Average Pay Raise in Huancayo
In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.
From our research, we can see that the average pay raise for an Assistant Aircraft Mechanic in Huancayo is around 11% every 16 months.
The national average pay raise across all professions and industries in Peru is around 9% every 17 months.
In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.
To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:
Annual Increase = ( Increase Rate ÷ Months ) × 12
So for this example, it would be:
Annual Increase = ( 11 ÷ 16 ) × 12 = 8%
What this means is that an Assistant Aircraft Mechanic in Huancayo can expect to receive an average pay raise of around 8% every 12 months.
Annual Pay Raise by Industry in Huancayo for 2024
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Peru.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
Banking |
8%
|
|
Energy |
7%
|
|
Information Technology |
6%
|
|
Healthcare |
5%
|
|
Travel |
4%
|
|
Construction |
3%
|
|
Education |
2%
|
Assistant Aircraft Mechanic Bonus and Incentive Rates in Huancayo
Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.
Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.
An Assistant Aircraft Mechanic is a low bonus based job, with 25% of employees reporting at least one bonus in the last 12 months.
75% reported that they had not received any bonuses in the previous 12 months.
For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.
Received Bonus |
25%
|
|
No Bonus |
75%
|
What are the Types of Bonus?
There are a number of difference types of bonus you can receive in a job. Including:
- Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
- Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
- Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
- Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.
Government vs Private Sector Salaries
Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.
Public sector employees in Peru earn approximately 10% more than private sector employees in the same role.
Public Sector |
93,880 PEN
|
|
Private Sector | -10% |
85,700 PEN
|
Salaries for Jobs Similar to an Assistant Aircraft Mechanic
In the table below, we have salary information for jobs that are similar to an Assistant Aircraft Mechanic in Huancayo.
Salary Comparison by City
If you want to compare salaries with different cities in Peru, you can use the links below to explore the data for each specific city we have researched.
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