Average Adjustment Insurance Clerk Salary in Nicaragua for 2024

In this article, we will look at the average Adjustment Insurance Clerk salary for 2024 in Nicaragua 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 Nicaraguan córdoba. To keep things simple, we are using the NIO currency code instead of the currency symbol C$.

How Much Does an Adjustment Insurance Clerk Make in Nicaragua?

An Adjustment Insurance Clerk working in Nicaragua will typically earn around 83,640 NIO per year, and this can range from the lowest average salary of about 45,560 NIO to the highest average salary of 128,500 NIO.

Average Annual Salary
83,640 NIO
Average Monthly Salary
6,970 NIO

Lowest Annual Salary
45,560 NIO
Lowest Monthly Salary
3,796 NIO

Highest Annual Salary
128,500 NIO
Highest Monthly Salary
10,708 NIO

These are average salaries for an Adjustment Insurance Clerk in Nicaragua and include benefits such as housing and transport. It's also possible for an Adjustment Insurance Clerk to earn more or less than the average salaries shown above.

Adjustment Insurance Clerk 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 Adjustment Insurance Clerk Salaries in Nicaragua

So we've looked at the average salaries an Adjustment Insurance Clerk will earn in Nicaragua. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Adjustment Insurance Clerk can earn between 45,560 NIO and 128,500 NIO on average in Nicaragua. 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 Adjustment Insurance Clerk in Nicaragua is 81,880 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 81,880 NIO, and 50% of the population earn more than 81,880 NIO.

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 Adjustment Insurance Clerk salary in Nicaragua, 25% of the population are earning less than 57,320 NIO while 75% of the population earn more than 57,320 NIO.

75% of the population earn less than 103,200 NIO, and 25% of the population earn more than 103,200 NIO.

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.

Adjustment Insurance Clerk Salary by Experience Level in Nicaragua

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 adjustment insurance clerk 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 Adjustment Insurance Clerk in Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 49,560 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average Adjustment Insurance Clerk salary would increase to 67,900 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as an Adjustment Insurance Clerk, the average salary would be 88,260 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 104,140 NIO.
  • 15 - 20 Years Experience. An Adjustment Insurance Clerk with 15 to 20 years of experience can earn an average of 116,180 NIO.
  • 20+ Years Experience. For an Adjustment Insurance Clerk with more than 20 years, the expected average salary increases to 119,900 NIO.

Average Salary by Experience Chart

0-2 Years
49,560 NIO
2-5 Years +34%
67,900 NIO
5-10 Years +30%
88,260 NIO
10-15 Years +21%
104,140 NIO
15-20 Years +9%
116,180 NIO
20+ Years +5%
119,900 NIO

Adjustment Insurance Clerk Salary by Education Level in Nicaragua

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 Adjustment Insurance Clerk in Nicaragua based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Adjustment Insurance Clerk in Nicaragua with a certificate or diploma education can earn an average salary of 63,500 NIO.

  • Bachelor's Degree. An Adjustment Insurance Clerk in Nicaragua with a bachelor's degree education can earn an average salary of 114,820 NIO.

Average Salary by Education Chart

Certificate or Diploma
63,500 NIO
Bachelor's Degree +80%
114,820 NIO

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 Nicaragua is around 94,700 to 284,000 NIO 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.

Adjustment Insurance Clerk 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 Nicaragua, a male adjustment insurance clerk will earn an average of 88,480 NIO, while a female adjustment insurance clerk will earn around 80,540 NIO.

This means that a male adjustment insurance clerk earns approximately 10% more than a female adjustment insurance clerk for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
88,480 NIO
Female -10%
80,540 NIO

Adjustment Insurance Clerk Average Pay Raise in Nicaragua

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 Adjustment Insurance Clerk in Nicaragua is around 7% every 27 months.

The national average pay raise across all professions and industries in Nicaragua is around 5% every 28 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 = ( 7 ÷ 27 ) × 12  = 3%

What this means is that an Adjustment Insurance Clerk in Nicaragua can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Nicaragua for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Nicaragua.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

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

Adjustment Insurance Clerk Bonus and Incentive Rates in Nicaragua

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 Adjustment Insurance Clerk is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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
9%
No Bonus
91%

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 Nicaragua earn approximately 14% more than private sector employees in the same role.

Public Sector
245,300 NIO
Private Sector -14%
215,100 NIO

Salaries for Jobs Similar to an Adjustment Insurance Clerk

In the table below, we have salary information for jobs that are similar to an Adjustment Insurance Clerk in Nicaragua.

Job Title Category Salary
Actuarial Analyst Insurance 292,000 NIO
Actuarial Assistant Insurance 216,800 NIO
Actuarial Specialist Insurance 209,500 NIO
Actuary Insurance 311,700 NIO
Assistant Broker Insurance 139,100 NIO
Assistant Claims Manager Insurance 254,700 NIO
Associate Insurance Representative Insurance 113,700 NIO
Auditing Insurance Manager Insurance 325,800 NIO
Broker Insurance 228,000 NIO
Claim Advocacy Professional Insurance 239,000 NIO
Claims Adjuster Insurance 83,900 NIO
Claims Analyst Insurance 113,560 NIO
Claims Examiner Insurance 119,900 NIO
Claims Manager Insurance 313,700 NIO
Claims Processor Insurance 86,640 NIO
Claims Representative Insurance 98,000 NIO
Claims Resolution Specialist Insurance 243,000 NIO
Claims Supervisor Insurance 225,700 NIO
Complaints Specialist Insurance 215,100 NIO
Compliance Examiner Insurance 204,000 NIO
Compliance Officer Insurance 175,900 NIO
Compliance Reviewer Insurance 212,500 NIO
Consultant Insurance 215,100 NIO
Eligibility Interviewer Insurance 247,800 NIO
Eligibility Specialist Insurance 216,800 NIO
Insurance Account Manager Insurance 283,400 NIO
Insurance Accounts Executive Insurance 247,800 NIO
Insurance Adjuster Insurance 205,700 NIO
Insurance Agent Insurance 139,100 NIO
Insurance Analyst Insurance 225,700 NIO
Insurance Appraiser Insurance 225,300 NIO
Insurance Claims Clerk Insurance 79,000 NIO
Insurance Examiner Insurance 208,600 NIO
Insurance Investigator Insurance 204,000 NIO
Insurance Manager Insurance 384,200 NIO
Insurance Operations Manager Insurance 389,200 NIO
Insurance Policy Processing Clerk Insurance 86,760 NIO
Insurance Pricing Assistant Insurance 185,100 NIO
Insurance Program Manager Insurance 282,300 NIO
Insurance Project Manager Insurance 273,000 NIO
Insurance Quality Assurance Agent Insurance 191,600 NIO
Insurance Sales Agent Insurance 128,900 NIO
Insurance Sales Director Insurance 378,300 NIO
Insurance Sales Manager Insurance 288,100 NIO
Insurance Sales Representative Insurance 119,900 NIO
Insurance Team Leader Insurance 232,400 NIO
Insurance Underwriter Insurance 174,000 NIO
Loss Control Specialist Insurance 228,500 NIO
Loss Prevention Investigator Insurance 233,600 NIO
Loss Prevention Manager Insurance 314,500 NIO
Loss Prevention Specialist Insurance 240,500 NIO
Marine Underwriter Insurance 167,100 NIO
Medical Auditor Insurance 225,300 NIO
Monitoring and Performance Officer Insurance 152,100 NIO
Payment Services Specialist Insurance 225,300 NIO
Policy Change Director Insurance 341,400 NIO
Policy Change Supervisor Insurance 251,500 NIO
Policy Change Technician Insurance 107,380 NIO
Risk Analyst Insurance 249,600 NIO
Risk Management Director Insurance 415,900 NIO
Risk Management Supervisor Insurance 282,500 NIO
Risk Manager Insurance 406,300 NIO
Risk Modeling Manager Insurance 428,400 NIO
Title Insurance Typist Insurance 187,500 NIO
Training Manager Insurance 239,300 NIO

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