Average Business Consultant Salary in Dominican Republic for 2024

In this article, we will look at the average Business Consultant salary for 2024 in Dominican Republic 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 Dominican peso. To keep things simple, we are using the DOP currency code instead of the currency symbol $.

How Much Does a Business Consultant Make in Dominican Republic?

A Business Consultant working in Dominican Republic will typically earn around 282,500 DOP per year, and this can range from the lowest average salary of about 138,200 DOP to the highest average salary of 442,300 DOP.

Average Annual Salary
282,500 DOP
Average Monthly Salary
23,541 DOP

Lowest Annual Salary
138,200 DOP
Lowest Monthly Salary
11,516 DOP

Highest Annual Salary
442,300 DOP
Highest Monthly Salary
36,858 DOP

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

Business Consultant 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 Business Consultant Salaries in Dominican Republic

So we've looked at the average salaries a Business Consultant will earn in Dominican Republic. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Consultant can earn between 138,200 DOP and 442,300 DOP on average in Dominican Republic. 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 Business Consultant in Dominican Republic is 288,700 DOP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 288,700 DOP, and 50% of the population earn more than 288,700 DOP.

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 Business Consultant salary in Dominican Republic, 25% of the population are earning less than 191,600 DOP while 75% of the population earn more than 191,600 DOP.

75% of the population earn less than 375,200 DOP, and 25% of the population earn more than 375,200 DOP.

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.

Business Consultant Salary by Experience Level in Dominican Republic

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 business consultant 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 Business Consultant in Dominican Republic that has less than two years of experience can expect to earn somewhere in the region of 164,200 DOP.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Consultant salary would increase to 210,500 DOP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Consultant, the average salary would be 294,700 DOP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 361,500 DOP.
  • 15 - 20 Years Experience. A Business Consultant with 15 to 20 years of experience can earn an average of 389,200 DOP.
  • 20+ Years Experience. For a Business Consultant with more than 20 years, the expected average salary increases to 413,900 DOP.

Average Salary by Experience Chart

0-2 Years
164,200 DOP
2-5 Years +29%
210,500 DOP
5-10 Years +38%
294,700 DOP
10-15 Years +24%
361,500 DOP
15-20 Years +7%
389,200 DOP
20+ Years +7%
413,900 DOP

Business Consultant Salary by Education Level in Dominican Republic

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 Business Consultant in Dominican Republic 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 Business Consultant in Dominican Republic with a high school education can earn an average salary of 207,800 DOP.

  • Certificate or Diploma. A Business Consultant in Dominican Republic with a certificate or diploma education can earn an average salary of 237,400 DOP.

  • Bachelor's Degree. A Business Consultant in Dominican Republic with a bachelor's degree education can earn an average salary of 317,700 DOP.

  • Master's Degree. A Business Consultant in Dominican Republic with a master's degree education can earn an average salary of 399,900 DOP.

Average Salary by Education Chart

High School
207,800 DOP
Certificate or Diploma +15%
237,400 DOP
Bachelor's Degree +35%
317,700 DOP
Master's Degree +26%
399,900 DOP

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 Dominican Republic is around 99,300 to 298,000 DOP 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.

Business Consultant 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 Dominican Republic, a male business consultant will earn an average of 294,300 DOP, while a female business consultant will earn around 272,800 DOP.

This means that a male business consultant earns approximately 8% more than a female business consultant for performing the same job.

Average Salary by Gender Chart in Dominican Republic

Male
294,300 DOP
Female -8%
272,800 DOP

Business Consultant Average Pay Raise in Dominican Republic

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 Business Consultant in Dominican Republic is around 13% every 17 months.

The national average pay raise across all professions and industries in Dominican Republic is around 8% every 18 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 = ( 13 ÷ 17 ) × 12  = 9%

What this means is that a Business Consultant in Dominican Republic can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Dominican Republic for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Business Consultant Bonus and Incentive Rates in Dominican Republic

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 Business Consultant is a high bonus based job, with 80% of employees reporting at least one bonus in the last 12 months.

20% 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 5% to 9%.

Received Bonus
80%
No Bonus
20%

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 Dominican Republic earn approximately 7% more than private sector employees in the same role.

Public Sector
247,800 DOP
Private Sector -7%
232,400 DOP

Salaries for Jobs Similar to a Business Consultant

In the table below, we have salary information for jobs that are similar to a Business Consultant in Dominican Republic.

Job Title Category Salary
Assistant Business Development Manager Business Planning 317,700 DOP
Assistant Merchandise Planner Business Planning 181,600 DOP
Business Advisor Business Planning 290,800 DOP
Business Analyst Business Planning 301,700 DOP
Business Continuity Associate Business Planning 183,700 DOP
Business Developer Business Planning 187,500 DOP
Business Development Analyst Business Planning 210,500 DOP
Business Development Associate Business Planning 148,300 DOP
Business Development Coordinator Business Planning 164,200 DOP
Business Development Director Business Planning 398,300 DOP
Business Development Engineer Business Planning 233,900 DOP
Business Development Executive Business Planning 296,000 DOP
Business Development Manager Business Planning 384,200 DOP
Business Development Specialist Business Planning 275,500 DOP
Business Manager Business Planning 348,300 DOP
Business Operations Specialist Business Planning 273,000 DOP
Business Process Writer Business Planning 169,000 DOP
Business Systems Analyst Business Planning 277,400 DOP
Capacity Planner Business Planning 208,600 DOP
Capacity Planning Supervisor Business Planning 267,100 DOP
Change Communications Analyst Business Planning 254,800 DOP
Change Control Analyst Business Planning 275,500 DOP
Change Impact Analyst Business Planning 271,300 DOP
Contracts Executive Business Planning 271,300 DOP
Corporate Strategy Analyst Business Planning 296,000 DOP
Cost Control Engineer Business Planning 180,500 DOP
Cost Controller Business Planning 215,100 DOP
Cost Estimator Business Planning 189,300 DOP
Data Executive Business Planning 148,300 DOP
Data Manager Business Planning 216,800 DOP
Data Processing Manager Business Planning 263,100 DOP
Development Researcher Business Planning 225,300 DOP
Director of Business Development Business Planning 417,100 DOP
Director of Production Planning Business Planning 359,900 DOP
Due Diligence Analyst Business Planning 294,700 DOP
Estimating Manager Business Planning 327,800 DOP
General Manager Business Planning 348,300 DOP
Incident Handler Business Planning 200,000 DOP
Incident Specialist Business Planning 237,400 DOP
Lean Consultant Business Planning 228,500 DOP
Manager Business Planning 388,100 DOP
Marketing and Business Development Manager Business Planning 357,700 DOP
Materials Planner Business Planning 125,700 DOP
Merchandise Assistant Business Planning 116,740 DOP
Merchandise Controller Business Planning 127,700 DOP
Merchandise Planner Business Planning 123,400 DOP
Operations Analyst Business Planning 253,400 DOP
Operations Manager Business Planning 288,700 DOP
Operations Research Analyst Business Planning 172,200 DOP
Planning and Reporting Manager Business Planning 309,800 DOP
Planning Director Business Planning 386,400 DOP
Project Administrator Business Planning 185,100 DOP
Project Manager Business Planning 294,700 DOP
Project Planner Business Planning 172,200 DOP
Research Assistant Business Planning 159,400 DOP
Research Engineer Business Planning 176,800 DOP
Research Officer Business Planning 142,300 DOP
Risk Management Specialist Business Planning 265,000 DOP
Scholarship Coordinator Business Planning 148,300 DOP
Store Planner Business Planning 139,100 DOP
Strategy Director Business Planning 382,600 DOP
Top Research and Development Executive Business Planning 436,200 DOP

Salary Comparison by City

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

City Average Salary
Santo Domingo 311,700 DOP

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 Business Consultant Salary in Dominican Republic for 2024". World Salaries. Accessed on March 29, 2024. https://worldsalaries.com/average-business-consultant-salary-in-dominican-republic/.

  • "Average Business Consultant Salary in Dominican Republic for 2024". World Salaries, https://worldsalaries.com/average-business-consultant-salary-in-dominican-republic/. Accessed 29 March, 2024

  • Average Business Consultant Salary in Dominican Republic for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-business-consultant-salary-in-dominican-republic/.