Average Aerospace Engineer Salary in Venezuela for 2024

In this article, we will look at the average Aerospace Engineer salary for 2024 in Venezuela 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 Venezuelan bolívar soberano. To keep things simple, we are using the VES currency code instead of the currency symbol Bs.S..

How Much Does an Aerospace Engineer Make in Venezuela?

An Aerospace Engineer working in Venezuela will typically earn around 2,076,600 VES per year, and this can range from the lowest average salary of about 979,600 VES to the highest average salary of 3,288,400 VES.

Average Annual Salary
2,076,600 VES
Average Monthly Salary
173,050 VES

Lowest Annual Salary
979,600 VES
Lowest Monthly Salary
81,633 VES

Highest Annual Salary
3,288,400 VES
Highest Monthly Salary
274,033 VES

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

Aerospace Engineer 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 Aerospace Engineer Salaries in Venezuela

So we've looked at the average salaries an Aerospace Engineer will earn in Venezuela. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Aerospace Engineer can earn between 979,600 VES and 3,288,400 VES on average in Venezuela. 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 Aerospace Engineer in Venezuela is 2,207,600 VES. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,207,600 VES, and 50% of the population earn more than 2,207,600 VES.

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 Aerospace Engineer salary in Venezuela, 25% of the population are earning less than 1,428,800 VES while 75% of the population earn more than 1,428,800 VES.

75% of the population earn less than 2,914,600 VES, and 25% of the population earn more than 2,914,600 VES.

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.

Aerospace Engineer Salary by Experience Level in Venezuela

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 aerospace engineer 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 Aerospace Engineer in Venezuela that has less than two years of experience can expect to earn somewhere in the region of 1,129,700 VES.
  • 2 - 5 Years Experience. With two to five years of experience the average Aerospace Engineer salary would increase to 1,560,800 VES.
  • 5 - 10 Years Experience. From five to ten years of experience as an Aerospace Engineer, the average salary would be 2,207,600 VES.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,698,900 VES.
  • 15 - 20 Years Experience. An Aerospace Engineer with 15 to 20 years of experience can earn an average of 2,844,200 VES.
  • 20+ Years Experience. For an Aerospace Engineer with more than 20 years, the expected average salary increases to 3,108,200 VES.

Average Salary by Experience Chart

0-2 Years
1,129,700 VES
2-5 Years +38%
1,560,800 VES
5-10 Years +42%
2,207,600 VES
10-15 Years +22%
2,698,900 VES
15-20 Years +6%
2,844,200 VES
20+ Years +9%
3,108,200 VES

Aerospace Engineer Salary by Education Level in Venezuela

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 Aerospace Engineer in Venezuela based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Aerospace Engineer in Venezuela with a bachelor's degree education can earn an average salary of 1,560,800 VES.

  • Master's Degree. An Aerospace Engineer in Venezuela with a master's degree education can earn an average salary of 2,844,200 VES.

Average Salary by Education Chart

Bachelor's Degree
1,560,800 VES
Master's Degree +83%
2,844,200 VES

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 Venezuela is around 662,000 to 1,990,000 VES 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.

Aerospace Engineer 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 Venezuela, a male aerospace engineer will earn an average of 2,197,700 VES, while a female aerospace engineer will earn around 1,990,300 VES.

This means that a male aerospace engineer earns approximately 10% more than a female aerospace engineer for performing the same job.

Average Salary by Gender Chart in Venezuela

Male
2,197,700 VES
Female -10%
1,990,300 VES

Aerospace Engineer Average Pay Raise in Venezuela

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 Aerospace Engineer in Venezuela is around 8% every 29 months.

The national average pay raise across all professions and industries in Venezuela is around 4% every 29 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that an Aerospace Engineer in Venezuela can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Venezuela for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Aerospace Engineer Bonus and Incentive Rates in Venezuela

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 Aerospace Engineer is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 Venezuela earn approximately 11% more than private sector employees in the same role.

Public Sector
1,655,500 VES
Private Sector -11%
1,487,200 VES

Salaries for Jobs Similar to an Aerospace Engineer

In the table below, we have salary information for jobs that are similar to an Aerospace Engineer in Venezuela.

Job Title Category Salary
Aeronautical Engineer Airlines / Aviation / Aerospace / Defense 1,693,600 VES
Aerospace Technician Airlines / Aviation / Aerospace / Defense 1,570,900 VES
Air Crew Member Airlines / Aviation / Aerospace / Defense 1,011,300 VES
Air Crew Officer Airlines / Aviation / Aerospace / Defense 1,124,200 VES
Air Traffic Assistant Airlines / Aviation / Aerospace / Defense 946,800 VES
Air Traffic Controller Airlines / Aviation / Aerospace / Defense 1,668,900 VES
Aircraft Assembler Airlines / Aviation / Aerospace / Defense 878,900 VES
Aircraft Body Repairer Airlines / Aviation / Aerospace / Defense 728,500 VES
Aircraft Captain Airlines / Aviation / Aerospace / Defense 2,676,200 VES
Aircraft Electrician Airlines / Aviation / Aerospace / Defense 879,700 VES
Aircraft Electronics Techician Airlines / Aviation / Aerospace / Defense 844,100 VES
Aircraft Engineer Airlines / Aviation / Aerospace / Defense 1,728,900 VES
Aircraft Fueler Airlines / Aviation / Aerospace / Defense 762,400 VES
Aircraft Maintenance Engineer Airlines / Aviation / Aerospace / Defense 1,500,800 VES
Aircraft Maintenance Manager Airlines / Aviation / Aerospace / Defense 2,485,800 VES
Aircraft Maintenance Supervisor Airlines / Aviation / Aerospace / Defense 1,693,600 VES
Aircraft Maintenance Technician Airlines / Aviation / Aerospace / Defense 780,700 VES
Aircraft Mechanic Airlines / Aviation / Aerospace / Defense 864,900 VES
Aircraft Pilot Airlines / Aviation / Aerospace / Defense 2,819,600 VES
Aircraft Pneudraulics Repairer Airlines / Aviation / Aerospace / Defense 778,900 VES
Aircraft Quality Assurance Airlines / Aviation / Aerospace / Defense 2,184,900 VES
Aircraft Rigging Assembler Airlines / Aviation / Aerospace / Defense 836,500 VES
Aircraft Service Technician Airlines / Aviation / Aerospace / Defense 735,200 VES
Airfield Management Specialist Airlines / Aviation / Aerospace / Defense 2,460,900 VES
Airfield Operations Specialist Airlines / Aviation / Aerospace / Defense 1,921,500 VES
Airline Cabin Crew Airlines / Aviation / Aerospace / Defense 1,583,700 VES
Airline Copilot Airlines / Aviation / Aerospace / Defense 1,741,800 VES
Airline Pilot Airlines / Aviation / Aerospace / Defense 2,759,700 VES
Airlines Sales Director Airlines / Aviation / Aerospace / Defense 3,085,500 VES
Airlines Sales Manager Airlines / Aviation / Aerospace / Defense 2,976,900 VES
Airlines Structural Assembler Airlines / Aviation / Aerospace / Defense 714,600 VES
Airport Services Agent Airlines / Aviation / Aerospace / Defense 1,089,400 VES
Airport Services Manager Airlines / Aviation / Aerospace / Defense 3,229,900 VES
Airport Services Supervisor Airlines / Aviation / Aerospace / Defense 1,921,500 VES
Assistant Aircraft Mechanic Airlines / Aviation / Aerospace / Defense 695,400 VES
Aviation Analyst Airlines / Aviation / Aerospace / Defense 2,161,200 VES
Aviation Inspector Airlines / Aviation / Aerospace / Defense 1,896,700 VES
Aviation Manager Airlines / Aviation / Aerospace / Defense 3,481,100 VES
Aviation Operations Controller Airlines / Aviation / Aerospace / Defense 1,800,200 VES
Aviation Resources Manager Airlines / Aviation / Aerospace / Defense 2,734,500 VES
Aviation Safety Assistant Airlines / Aviation / Aerospace / Defense 946,800 VES
Aviation Safety Manager Airlines / Aviation / Aerospace / Defense 3,085,500 VES
Aviation Safety Officer Airlines / Aviation / Aerospace / Defense 1,728,900 VES
Aviation Technician Airlines / Aviation / Aerospace / Defense 744,600 VES
Cargo and Freight Agent Airlines / Aviation / Aerospace / Defense 692,500 VES
Cargo Executive Airlines / Aviation / Aerospace / Defense 1,537,500 VES
Chief Pilot Airlines / Aviation / Aerospace / Defense 2,998,500 VES
First Officer Airlines / Aviation / Aerospace / Defense 1,152,700 VES
Fleet Controller Airlines / Aviation / Aerospace / Defense 2,593,900 VES
Fleet Management Officer Airlines / Aviation / Aerospace / Defense 1,110,500 VES
Flight Attendant Airlines / Aviation / Aerospace / Defense 1,078,200 VES
Flight Planner Airlines / Aviation / Aerospace / Defense 1,440,700 VES
Flight Scheduler Airlines / Aviation / Aerospace / Defense 1,357,900 VES
Flight Simulation Engineer Airlines / Aviation / Aerospace / Defense 1,500,800 VES
Freight and Cargo Inspector Airlines / Aviation / Aerospace / Defense 1,185,300 VES
Helicopter Pilot Airlines / Aviation / Aerospace / Defense 1,882,700 VES
Loading Bridge Operator Airlines / Aviation / Aerospace / Defense 707,600 VES
Pilot Airlines / Aviation / Aerospace / Defense 2,629,100 VES
Ramp Agent Airlines / Aviation / Aerospace / Defense 735,500 VES
Reservations Sales Agent Airlines / Aviation / Aerospace / Defense 870,700 VES
Safety and Quality Specialist Airlines / Aviation / Aerospace / Defense 1,645,600 VES
Test Pilot Airlines / Aviation / Aerospace / Defense 2,015,600 VES

Salary Comparison by City

If you want to compare salaries with different cities in Venezuela, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Barquisimeto 1,942,700 VES
Caracas 2,207,600 VES
Ciudad Guayana 1,921,500 VES
Maracaibo 2,242,500 VES

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