Average Assistant Claims Manager Salary in Bolivia for 2024

In this article, we will look at the average Assistant Claims Manager salary for 2024 in Bolivia 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 Bolivian boliviano. To keep things simple, we are using the BOB currency code instead of the currency symbol Bs..

How Much Does an Assistant Claims Manager Make in Bolivia?

An Assistant Claims Manager working in Bolivia will typically earn around 108,300 BOB per year, and this can range from the lowest average salary of about 57,360 BOB to the highest average salary of 164,200 BOB.

Average Annual Salary
108,300 BOB
Average Monthly Salary
9,025 BOB

Lowest Annual Salary
57,360 BOB
Lowest Monthly Salary
4,780 BOB

Highest Annual Salary
164,200 BOB
Highest Monthly Salary
13,683 BOB

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

Assistant Claims Manager 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 Claims Manager Salaries in Bolivia

So we've looked at the average salaries an Assistant Claims Manager will earn in Bolivia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Claims Manager can earn between 57,360 BOB and 164,200 BOB on average in Bolivia. 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 Claims Manager in Bolivia is 101,120 BOB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 101,120 BOB, and 50% of the population earn more than 101,120 BOB.

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 Claims Manager salary in Bolivia, 25% of the population are earning less than 70,840 BOB while 75% of the population earn more than 70,840 BOB.

75% of the population earn less than 127,700 BOB, and 25% of the population earn more than 127,700 BOB.

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 Claims Manager Salary by Experience Level in Bolivia

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 claims manager 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 Claims Manager in Bolivia that has less than two years of experience can expect to earn somewhere in the region of 66,100 BOB.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Claims Manager salary would increase to 80,520 BOB.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Claims Manager, the average salary would be 114,000 BOB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 136,200 BOB.
  • 15 - 20 Years Experience. An Assistant Claims Manager with 15 to 20 years of experience can earn an average of 150,000 BOB.
  • 20+ Years Experience. For an Assistant Claims Manager with more than 20 years, the expected average salary increases to 158,700 BOB.

Average Salary by Experience Chart

0-2 Years
66,100 BOB
2-5 Years +23%
80,520 BOB
5-10 Years +42%
114,000 BOB
10-15 Years +17%
136,200 BOB
15-20 Years +10%
150,000 BOB
20+ Years +6%
158,700 BOB

Assistant Claims Manager Salary by Education Level in Bolivia

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 Claims Manager in Bolivia 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 Assistant Claims Manager in Bolivia with a certificate or diploma education can earn an average salary of 80,520 BOB.

  • Bachelor's Degree. An Assistant Claims Manager in Bolivia with a bachelor's degree education can earn an average salary of 103,580 BOB.

  • Master's Degree. An Assistant Claims Manager in Bolivia with a master's degree education can earn an average salary of 152,100 BOB.

Average Salary by Education Chart

Certificate or Diploma
80,520 BOB
Bachelor's Degree +29%
103,580 BOB
Master's Degree +43%
152,100 BOB

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 Bolivia is around 42,600 to 128,000 BOB 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 Claims Manager 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 Bolivia, a male assistant claims manager will earn an average of 113,220 BOB, while a female assistant claims manager will earn around 105,980 BOB.

This means that a male assistant claims manager earns approximately 7% more than a female assistant claims manager for performing the same job.

Average Salary by Gender Chart in Bolivia

Male
113,220 BOB
Female -7%
105,980 BOB

Assistant Claims Manager Average Pay Raise in Bolivia

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 Claims Manager in Bolivia is around 8% every 29 months.

The national average pay raise across all professions and industries in Bolivia 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that an Assistant Claims Manager in Bolivia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Bolivia for 2024

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

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 Claims Manager Bonus and Incentive Rates in Bolivia

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 Claims Manager is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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 6% to 8%.

Received Bonus
59%
No Bonus
41%

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 Bolivia earn approximately 17% more than private sector employees in the same role.

Public Sector
112,280 BOB
Private Sector -17%
96,160 BOB

Salaries for Jobs Similar to an Assistant Claims Manager

In the table below, we have salary information for jobs that are similar to an Assistant Claims Manager in Bolivia.

Job Title Category Salary
Actuarial Analyst Insurance 146,200 BOB
Actuarial Assistant Insurance 96,540 BOB
Actuarial Specialist Insurance 97,880 BOB
Actuary Insurance 139,100 BOB
Adjustment Insurance Clerk Insurance 40,560 BOB
Assistant Broker Insurance 66,180 BOB
Associate Insurance Representative Insurance 50,180 BOB
Auditing Insurance Manager Insurance 161,300 BOB
Broker Insurance 108,120 BOB
Claim Advocacy Professional Insurance 105,940 BOB
Claims Adjuster Insurance 39,160 BOB
Claims Analyst Insurance 52,300 BOB
Claims Examiner Insurance 55,020 BOB
Claims Manager Insurance 152,300 BOB
Claims Processor Insurance 37,380 BOB
Claims Representative Insurance 43,760 BOB
Claims Resolution Specialist Insurance 115,940 BOB
Claims Supervisor Insurance 104,600 BOB
Complaints Specialist Insurance 98,540 BOB
Compliance Examiner Insurance 92,680 BOB
Compliance Officer Insurance 82,720 BOB
Compliance Reviewer Insurance 94,400 BOB
Consultant Insurance 97,300 BOB
Eligibility Interviewer Insurance 112,600 BOB
Eligibility Specialist Insurance 106,360 BOB
Insurance Account Manager Insurance 130,400 BOB
Insurance Accounts Executive Insurance 110,340 BOB
Insurance Adjuster Insurance 98,820 BOB
Insurance Agent Insurance 62,100 BOB
Insurance Analyst Insurance 106,360 BOB
Insurance Appraiser Insurance 107,580 BOB
Insurance Claims Clerk Insurance 36,580 BOB
Insurance Examiner Insurance 93,340 BOB
Insurance Investigator Insurance 97,300 BOB
Insurance Manager Insurance 175,900 BOB
Insurance Operations Manager Insurance 183,700 BOB
Insurance Policy Processing Clerk Insurance 41,980 BOB
Insurance Pricing Assistant Insurance 86,740 BOB
Insurance Program Manager Insurance 134,600 BOB
Insurance Project Manager Insurance 127,700 BOB
Insurance Quality Assurance Agent Insurance 92,680 BOB
Insurance Sales Agent Insurance 57,820 BOB
Insurance Sales Director Insurance 164,200 BOB
Insurance Sales Manager Insurance 137,400 BOB
Insurance Sales Representative Insurance 52,820 BOB
Insurance Team Leader Insurance 115,520 BOB
Insurance Underwriter Insurance 78,400 BOB
Loss Control Specialist Insurance 102,460 BOB
Loss Prevention Investigator Insurance 110,340 BOB
Loss Prevention Manager Insurance 146,200 BOB
Loss Prevention Specialist Insurance 108,080 BOB
Marine Underwriter Insurance 78,500 BOB
Medical Auditor Insurance 105,800 BOB
Monitoring and Performance Officer Insurance 73,760 BOB
Payment Services Specialist Insurance 107,580 BOB
Policy Change Director Insurance 159,100 BOB
Policy Change Supervisor Insurance 113,280 BOB
Policy Change Technician Insurance 51,340 BOB
Risk Analyst Insurance 114,900 BOB
Risk Management Director Insurance 204,700 BOB
Risk Management Supervisor Insurance 136,100 BOB
Risk Manager Insurance 187,500 BOB
Risk Modeling Manager Insurance 192,000 BOB
Title Insurance Typist Insurance 84,740 BOB
Training Manager Insurance 119,560 BOB

Salary Comparison by City

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

City Average Salary
Cochabamba 123,400 BOB
La Paz 119,700 BOB
Oruro 111,240 BOB
Potosi 102,160 BOB
Santa Cruz 127,700 BOB
Sucre 112,660 BOB

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