Average Business Development Coordinator Salary in Honduras for 2024

In this article, we will look at the average Business Development Coordinator salary for 2024 in Honduras 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 Honduran lempira. To keep things simple, we are using the HNL currency code instead of the currency symbol L.

How Much Does a Business Development Coordinator Make in Honduras?

A Business Development Coordinator working in Honduras will typically earn around 221,500 HNL per year, and this can range from the lowest average salary of about 107,320 HNL to the highest average salary of 341,400 HNL.

Average Annual Salary
221,500 HNL
Average Monthly Salary
18,458 HNL

Lowest Annual Salary
107,320 HNL
Lowest Monthly Salary
8,943 HNL

Highest Annual Salary
341,400 HNL
Highest Monthly Salary
28,450 HNL

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

Business Development Coordinator 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 Development Coordinator Salaries in Honduras

So we've looked at the average salaries a Business Development Coordinator will earn in Honduras. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Development Coordinator can earn between 107,320 HNL and 341,400 HNL on average in Honduras. 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 Development Coordinator in Honduras is 225,700 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 225,700 HNL, and 50% of the population earn more than 225,700 HNL.

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 Development Coordinator salary in Honduras, 25% of the population are earning less than 150,000 HNL while 75% of the population earn more than 150,000 HNL.

75% of the population earn less than 290,800 HNL, and 25% of the population earn more than 290,800 HNL.

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 Development Coordinator Salary by Experience Level in Honduras

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 development coordinator 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 Development Coordinator in Honduras that has less than two years of experience can expect to earn somewhere in the region of 125,700 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Development Coordinator salary would increase to 163,800 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Development Coordinator, the average salary would be 225,300 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 279,400 HNL.
  • 15 - 20 Years Experience. A Business Development Coordinator with 15 to 20 years of experience can earn an average of 301,800 HNL.
  • 20+ Years Experience. For a Business Development Coordinator with more than 20 years, the expected average salary increases to 319,600 HNL.

Average Salary by Experience Chart

0-2 Years
125,700 HNL
2-5 Years +29%
163,800 HNL
5-10 Years +38%
225,300 HNL
10-15 Years +24%
279,400 HNL
15-20 Years +7%
301,800 HNL
20+ Years +7%
319,600 HNL

Business Development Coordinator Salary by Education Level in Honduras

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 Development Coordinator in Honduras 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 Development Coordinator in Honduras with a high school education can earn an average salary of 159,400 HNL.

  • Certificate or Diploma. A Business Development Coordinator in Honduras with a certificate or diploma education can earn an average salary of 183,600 HNL.

  • Bachelor's Degree. A Business Development Coordinator in Honduras with a bachelor's degree education can earn an average salary of 246,200 HNL.

  • Master's Degree. A Business Development Coordinator in Honduras with a master's degree education can earn an average salary of 308,300 HNL.

Average Salary by Education Chart

High School
159,400 HNL
Certificate or Diploma +15%
183,600 HNL
Bachelor's Degree +35%
246,200 HNL
Master's Degree +26%
308,300 HNL

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 Honduras is around 141,000 to 422,000 HNL 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 Development Coordinator 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 Honduras, a male business development coordinator will earn an average of 227,600 HNL, while a female business development coordinator will earn around 207,700 HNL.

This means that a male business development coordinator earns approximately 10% more than a female business development coordinator for performing the same job.

Average Salary by Gender Chart in Honduras

Male
227,600 HNL
Female -10%
207,700 HNL

Business Development Coordinator Average Pay Raise in Honduras

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 Development Coordinator in Honduras is around 9% every 26 months.

The national average pay raise across all professions and industries in Honduras 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 = ( 9 ÷ 26 ) × 12  = 4%

What this means is that a Business Development Coordinator in Honduras can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Honduras for 2024

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

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

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

Business Development Coordinator Bonus and Incentive Rates in Honduras

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 Development Coordinator is a moderate bonus based job, with 62% of employees reporting at least one bonus in the last 12 months.

38% 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
62%
No Bonus
38%

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 Honduras earn approximately 13% more than private sector employees in the same role.

Public Sector
353,600 HNL
Private Sector -13%
312,400 HNL

Salaries for Jobs Similar to a Business Development Coordinator

In the table below, we have salary information for jobs that are similar to a Business Development Coordinator in Honduras.

Job Title Category Salary
Assistant Business Development Manager Business Planning 431,300 HNL
Assistant Merchandise Planner Business Planning 257,700 HNL
Business Advisor Business Planning 415,900 HNL
Business Analyst Business Planning 409,000 HNL
Business Consultant Business Planning 394,500 HNL
Business Continuity Associate Business Planning 247,800 HNL
Business Developer Business Planning 243,000 HNL
Business Development Analyst Business Planning 301,300 HNL
Business Development Associate Business Planning 207,700 HNL
Business Development Director Business Planning 582,700 HNL
Business Development Engineer Business Planning 325,800 HNL
Business Development Executive Business Planning 420,800 HNL
Business Development Manager Business Planning 480,300 HNL
Business Development Specialist Business Planning 388,100 HNL
Business Manager Business Planning 467,100 HNL
Business Operations Specialist Business Planning 383,300 HNL
Business Process Writer Business Planning 231,000 HNL
Business Systems Analyst Business Planning 413,900 HNL
Capacity Planner Business Planning 283,400 HNL
Capacity Planning Supervisor Business Planning 376,800 HNL
Change Communications Analyst Business Planning 353,600 HNL
Change Control Analyst Business Planning 362,200 HNL
Change Impact Analyst Business Planning 365,400 HNL
Contracts Executive Business Planning 390,000 HNL
Corporate Strategy Analyst Business Planning 392,300 HNL
Cost Control Engineer Business Planning 263,200 HNL
Cost Controller Business Planning 294,300 HNL
Cost Estimator Business Planning 253,400 HNL
Data Executive Business Planning 197,600 HNL
Data Manager Business Planning 296,000 HNL
Data Processing Manager Business Planning 371,100 HNL
Development Researcher Business Planning 308,300 HNL
Director of Business Development Business Planning 582,700 HNL
Director of Production Planning Business Planning 500,100 HNL
Due Diligence Analyst Business Planning 414,000 HNL
Estimating Manager Business Planning 430,000 HNL
General Manager Business Planning 498,500 HNL
Incident Handler Business Planning 279,400 HNL
Incident Specialist Business Planning 341,400 HNL
Lean Consultant Business Planning 299,500 HNL
Manager Business Planning 531,700 HNL
Marketing and Business Development Manager Business Planning 464,900 HNL
Materials Planner Business Planning 172,400 HNL
Merchandise Assistant Business Planning 168,100 HNL
Merchandise Controller Business Planning 164,200 HNL
Merchandise Planner Business Planning 172,400 HNL
Operations Analyst Business Planning 365,400 HNL
Operations Manager Business Planning 394,800 HNL
Operations Research Analyst Business Planning 239,000 HNL
Planning and Reporting Manager Business Planning 411,400 HNL
Planning Director Business Planning 513,300 HNL
Project Administrator Business Planning 263,100 HNL
Project Manager Business Planning 406,300 HNL
Project Planner Business Planning 246,200 HNL
Research Assistant Business Planning 210,500 HNL
Research Engineer Business Planning 240,500 HNL
Research Officer Business Planning 197,600 HNL
Risk Management Specialist Business Planning 384,500 HNL
Scholarship Coordinator Business Planning 189,300 HNL
Store Planner Business Planning 200,000 HNL
Strategy Director Business Planning 528,500 HNL
Top Research and Development Executive Business Planning 563,300 HNL

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