Average Business Development Executive Salary in Guatemala for 2024

In this article, we will look at the average Business Development Executive salary for 2024 in Guatemala 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 Guatemalan quetzal. To keep things simple, we are using the GTQ currency code instead of the currency symbol Q.

How Much Does a Business Development Executive Make in Guatemala?

A Business Development Executive working in Guatemala will typically earn around 152,300 GTQ per year, and this can range from the lowest average salary of about 80,180 GTQ to the highest average salary of 239,000 GTQ.

Average Annual Salary
152,300 GTQ
Average Monthly Salary
12,691 GTQ

Lowest Annual Salary
80,180 GTQ
Lowest Monthly Salary
6,681 GTQ

Highest Annual Salary
239,000 GTQ
Highest Monthly Salary
19,916 GTQ

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

Business Development Executive 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 Executive Salaries in Guatemala

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

Salary ranges

We already know that a Business Development Executive can earn between 80,180 GTQ and 239,000 GTQ on average in Guatemala. 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 Executive in Guatemala is 152,100 GTQ. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 152,100 GTQ, and 50% of the population earn more than 152,100 GTQ.

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 Executive salary in Guatemala, 25% of the population are earning less than 104,600 GTQ while 75% of the population earn more than 104,600 GTQ.

75% of the population earn less than 190,500 GTQ, and 25% of the population earn more than 190,500 GTQ.

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 Executive Salary by Experience Level in Guatemala

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 executive 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 Executive in Guatemala that has less than two years of experience can expect to earn somewhere in the region of 88,580 GTQ.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Development Executive salary would increase to 113,560 GTQ.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Development Executive, the average salary would be 159,500 GTQ.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 191,600 GTQ.
  • 15 - 20 Years Experience. A Business Development Executive with 15 to 20 years of experience can earn an average of 209,700 GTQ.
  • 20+ Years Experience. For a Business Development Executive with more than 20 years, the expected average salary increases to 228,500 GTQ.

Average Salary by Experience Chart

0-2 Years
88,580 GTQ
2-5 Years +31%
113,560 GTQ
5-10 Years +40%
159,500 GTQ
10-15 Years +20%
191,600 GTQ
15-20 Years +9%
209,700 GTQ
20+ Years +8%
228,500 GTQ

Business Development Executive Salary by Education Level in Guatemala

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 Executive in Guatemala 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 Executive in Guatemala with a high school education can earn an average salary of 103,580 GTQ.

  • Certificate or Diploma. A Business Development Executive in Guatemala with a certificate or diploma education can earn an average salary of 119,900 GTQ.

  • Bachelor's Degree. A Business Development Executive in Guatemala with a bachelor's degree education can earn an average salary of 172,200 GTQ.

  • Master's Degree. A Business Development Executive in Guatemala with a master's degree education can earn an average salary of 221,500 GTQ.

Average Salary by Education Chart

High School
103,580 GTQ
Certificate or Diploma +15%
119,900 GTQ
Bachelor's Degree +41%
172,200 GTQ
Master's Degree +29%
221,500 GTQ

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 Guatemala is around 52,400 to 157,000 GTQ 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 Executive 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 Guatemala, a male business development executive will earn an average of 163,800 GTQ, while a female business development executive will earn around 142,300 GTQ.

This means that a male business development executive earns approximately 15% more than a female business development executive for performing the same job.

Average Salary by Gender Chart in Guatemala

Male
163,800 GTQ
Female -15%
142,300 GTQ

Business Development Executive Average Pay Raise in Guatemala

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 Executive in Guatemala is around 12% every 18 months.

The national average pay raise across all professions and industries in Guatemala is around 7% every 19 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 = ( 12 ÷ 18 ) × 12  = 8%

What this means is that a Business Development Executive in Guatemala can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Guatemala for 2024

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

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%

Business Development Executive Bonus and Incentive Rates in Guatemala

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 Executive is a high bonus based job, with 77% of employees reporting at least one bonus in the last 12 months.

23% 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
77%
No Bonus
23%

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

Public Sector
134,600 GTQ
Private Sector -12%
119,700 GTQ

Salaries for Jobs Similar to a Business Development Executive

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

Job Title Category Salary
Assistant Business Development Manager Business Planning 157,600 GTQ
Assistant Merchandise Planner Business Planning 94,900 GTQ
Business Advisor Business Planning 154,700 GTQ
Business Analyst Business Planning 152,100 GTQ
Business Consultant Business Planning 146,200 GTQ
Business Continuity Associate Business Planning 85,440 GTQ
Business Developer Business Planning 99,340 GTQ
Business Development Analyst Business Planning 111,000 GTQ
Business Development Associate Business Planning 73,820 GTQ
Business Development Coordinator Business Planning 85,880 GTQ
Business Development Director Business Planning 215,100 GTQ
Business Development Engineer Business Planning 117,440 GTQ
Business Development Manager Business Planning 192,000 GTQ
Business Development Specialist Business Planning 138,800 GTQ
Business Manager Business Planning 164,200 GTQ
Business Operations Specialist Business Planning 136,100 GTQ
Business Process Writer Business Planning 87,520 GTQ
Business Systems Analyst Business Planning 157,600 GTQ
Capacity Planner Business Planning 102,380 GTQ
Capacity Planning Supervisor Business Planning 136,100 GTQ
Change Communications Analyst Business Planning 136,200 GTQ
Change Control Analyst Business Planning 137,400 GTQ
Change Impact Analyst Business Planning 137,400 GTQ
Contracts Executive Business Planning 142,300 GTQ
Corporate Strategy Analyst Business Planning 148,300 GTQ
Cost Control Engineer Business Planning 99,340 GTQ
Cost Controller Business Planning 109,720 GTQ
Cost Estimator Business Planning 93,280 GTQ
Data Executive Business Planning 77,380 GTQ
Data Manager Business Planning 111,920 GTQ
Data Processing Manager Business Planning 138,200 GTQ
Development Researcher Business Planning 108,080 GTQ
Director of Business Development Business Planning 204,000 GTQ
Director of Production Planning Business Planning 176,800 GTQ
Due Diligence Analyst Business Planning 161,600 GTQ
Estimating Manager Business Planning 152,300 GTQ
General Manager Business Planning 181,600 GTQ
Incident Handler Business Planning 101,860 GTQ
Incident Specialist Business Planning 124,400 GTQ
Lean Consultant Business Planning 111,240 GTQ
Manager Business Planning 196,800 GTQ
Marketing and Business Development Manager Business Planning 176,800 GTQ
Materials Planner Business Planning 67,360 GTQ
Merchandise Assistant Business Planning 61,840 GTQ
Merchandise Controller Business Planning 60,920 GTQ
Merchandise Planner Business Planning 66,140 GTQ
Operations Analyst Business Planning 138,800 GTQ
Operations Manager Business Planning 159,500 GTQ
Operations Research Analyst Business Planning 84,560 GTQ
Planning and Reporting Manager Business Planning 159,100 GTQ
Planning Director Business Planning 197,600 GTQ
Project Administrator Business Planning 96,600 GTQ
Project Manager Business Planning 154,700 GTQ
Project Planner Business Planning 93,780 GTQ
Research Assistant Business Planning 80,340 GTQ
Research Engineer Business Planning 97,060 GTQ
Research Officer Business Planning 71,700 GTQ
Risk Management Specialist Business Planning 146,200 GTQ
Scholarship Coordinator Business Planning 71,660 GTQ
Store Planner Business Planning 72,260 GTQ
Strategy Director Business Planning 197,600 GTQ
Top Research and Development Executive Business Planning 209,700 GTQ

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