Average Brokerage Salary in Cuba for 2024

In this article, we will look at the average Brokerage salary for 2024 in Cuba 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 Cuban convertible peso. To keep things simple, we are using the CUC currency code instead of the currency symbol $.

How Much Does a Brokerage Make in Cuba?

A Brokerage working in Cuba will typically earn around 216,800 CUC per year, and this can range from the lowest average salary of about 111,700 CUC to the highest average salary of 335,100 CUC.

Average Annual Salary
216,800 CUC
Average Monthly Salary
18,066 CUC

Lowest Annual Salary
111,700 CUC
Lowest Monthly Salary
9,308 CUC

Highest Annual Salary
335,100 CUC
Highest Monthly Salary
27,925 CUC

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

Brokerage 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 Brokerage Salaries in Cuba

So we've looked at the average salaries a Brokerage will earn in Cuba. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Brokerage can earn between 111,700 CUC and 335,100 CUC on average in Cuba. 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 a Brokerage in Cuba is 212,500 CUC. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 212,500 CUC, and 50% of the population earn more than 212,500 CUC.

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 Brokerage salary in Cuba, 25% of the population are earning less than 148,300 CUC while 75% of the population earn more than 148,300 CUC.

75% of the population earn less than 268,900 CUC, and 25% of the population earn more than 268,900 CUC.

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.

Brokerage Salary by Experience Level in Cuba

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 brokerage 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. A Brokerage in Cuba that has less than two years of experience can expect to earn somewhere in the region of 124,400 CUC.
  • 2 - 5 Years Experience. With two to five years of experience the average Brokerage salary would increase to 161,300 CUC.
  • 5 - 10 Years Experience. From five to ten years of experience as a Brokerage, the average salary would be 227,600 CUC.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 275,200 CUC.
  • 15 - 20 Years Experience. A Brokerage with 15 to 20 years of experience can earn an average of 299,500 CUC.
  • 20+ Years Experience. For a Brokerage with more than 20 years, the expected average salary increases to 319,600 CUC.

Average Salary by Experience Chart

0-2 Years
124,400 CUC
2-5 Years +31%
161,300 CUC
5-10 Years +40%
227,600 CUC
10-15 Years +20%
275,200 CUC
15-20 Years +9%
299,500 CUC
20+ Years +8%
319,600 CUC

Brokerage Salary by Education Level in Cuba

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

  • High School. A Brokerage in Cuba with a high school education can earn an average salary of 143,200 CUC.

  • Certificate or Diploma. A Brokerage in Cuba with a certificate or diploma education can earn an average salary of 209,700 CUC.

  • Bachelor's Degree. A Brokerage in Cuba with a bachelor's degree education can earn an average salary of 320,500 CUC.

Average Salary by Education Chart

High School
143,200 CUC
Certificate or Diploma +47%
209,700 CUC
Bachelor's Degree +53%
320,500 CUC

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 Cuba is around 110,000 to 329,000 CUC 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.

Brokerage 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 Cuba, a male brokerage will earn an average of 233,900 CUC, while a female brokerage will earn around 201,100 CUC.

This means that a male brokerage earns approximately 16% more than a female brokerage for performing the same job.

Average Salary by Gender Chart in Cuba

Male
233,900 CUC
Female -16%
201,100 CUC

Brokerage Average Pay Raise in Cuba

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 a Brokerage in Cuba is around 6% every 29 months.

The national average pay raise across all professions and industries in Cuba 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Brokerage in Cuba can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Cuba for 2024

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

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%

Brokerage Bonus and Incentive Rates in Cuba

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.

A Brokerage is a low bonus based job, with 11% of employees reporting at least one bonus in the last 12 months.

89% 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
11%
No Bonus
89%

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 Cuba earn approximately 12% more than private sector employees in the same role.

Public Sector
275,200 CUC
Private Sector -12%
246,500 CUC

Salaries for Jobs Similar to a Brokerage

In the table below, we have salary information for jobs that are similar to a Brokerage in Cuba.

Job Title Category Salary
Acquisition Associate Real Estate 218,900 CUC
Assistant Leasing Manager Real Estate 290,800 CUC
Assistant Property Manager Real Estate 288,100 CUC
Brokerage Clerk Real Estate 113,420 CUC
Commercial Leasing Manager Real Estate 431,100 CUC
Commercial Real Estate Manager Real Estate 480,600 CUC
Community Development Manager Real Estate 399,900 CUC
Compliance Specialist Real Estate 217,900 CUC
Development Coordinator Real Estate 208,600 CUC
Director of Real Estate Real Estate 471,700 CUC
Lease Administrator Real Estate 267,100 CUC
Leasing Agent Real Estate 222,300 CUC
Leasing Consultant Real Estate 273,000 CUC
Leasing Manager Real Estate 305,600 CUC
Lettings Assistant Real Estate 110,380 CUC
Portfolio Analyst Real Estate 383,300 CUC
Portfolio Manager Real Estate 498,000 CUC
Property Acquisition Agent Real Estate 200,000 CUC
Property and Claims Specialist Real Estate 263,100 CUC
Property Manager Real Estate 335,100 CUC
Property Operations Manager Real Estate 436,200 CUC
Property Tax Assistant Real Estate 228,500 CUC
Real Estate Administrator Real Estate 237,400 CUC
Real Estate Agent Real Estate 216,800 CUC
Real Estate Analyst Real Estate 273,000 CUC
Real Estate Appraiser Real Estate 221,500 CUC
Real Estate Appraiser Real Estate 225,700 CUC
Real Estate Appraiser Real Estate 231,000 CUC
Real Estate Assistant Real Estate 210,500 CUC
Real Estate Association Manager Real Estate 301,700 CUC
Real Estate Broker Real Estate 215,100 CUC
Real Estate General Manager Real Estate 445,100 CUC
Real Estate Project Director Real Estate 440,200 CUC
Real Estate Project Manager Real Estate 401,300 CUC
Real Estate Sales Agent Real Estate 218,900 CUC
Real Estate Valuer Real Estate 240,500 CUC
Research Analyst Real Estate 204,000 CUC
Residential Advisor Real Estate 265,000 CUC
Residential Property Manager Real Estate 318,800 CUC
Shopping Center Manager Real Estate 450,300 CUC
Town Planner Real Estate 466,300 CUC

Salary Comparison by City

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

City Average Salary
Camaguey 212,500 CUC
Havana 228,500 CUC
Holguin 192,000 CUC
Santiago de Cuba 228,500 CUC

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Brokerage Salary in Cuba for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-brokerage-salary-in-cuba/.

  • "Average Brokerage Salary in Cuba for 2024". World Salaries, https://worldsalaries.com/average-brokerage-salary-in-cuba/. Accessed 28 March, 2024

  • Average Brokerage Salary in Cuba for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-brokerage-salary-in-cuba/.