Average Business Manager Salary in Aruba for 2024

In this article, we will look at the average Business Manager salary for 2024 in Aruba 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 Aruban florin. To keep things simple, we are using the AWG currency code instead of the currency symbol ฦ’.

How Much Does a Business Manager Make in Aruba?

A Business Manager working in Aruba will typically earn around 42,320 AWG per year, and this can range from the lowest average salary of about 19,020 AWG to the highest average salary of 66,260 AWG.

Average Annual Salary
42,320 AWG
Average Monthly Salary
3,526 AWG

Lowest Annual Salary
19,020 AWG
Lowest Monthly Salary
1,585 AWG

Highest Annual Salary
66,260 AWG
Highest Monthly Salary
5,521 AWG

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

Business 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 Business Manager Salaries in Aruba

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

Salary ranges

We already know that a Business Manager can earn between 19,020 AWG and 66,260 AWG on average in Aruba. 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 Manager in Aruba is 44,780 AWG. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 44,780 AWG, and 50% of the population earn more than 44,780 AWG.

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 Manager salary in Aruba, 25% of the population are earning less than 27,560 AWG while 75% of the population earn more than 27,560 AWG.

75% of the population earn less than 60,020 AWG, and 25% of the population earn more than 60,020 AWG.

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 Manager Salary by Experience Level in Aruba

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 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. A Business Manager in Aruba that has less than two years of experience can expect to earn somewhere in the region of 20,460 AWG.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Manager salary would increase to 30,800 AWG.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Manager, the average salary would be 44,140 AWG.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 51,120 AWG.
  • 15 - 20 Years Experience. A Business Manager with 15 to 20 years of experience can earn an average of 57,320 AWG.
  • 20+ Years Experience. For a Business Manager with more than 20 years, the expected average salary increases to 63,700 AWG.

Average Salary by Experience Chart

0-2 Years
20,460 AWG
2-5 Years +34%
30,800 AWG
5-10 Years +48%
44,140 AWG
10-15 Years +22%
51,120 AWG
15-20 Years +9%
57,320 AWG
20+ Years +8%
63,700 AWG

Business Manager Salary by Education Level in Aruba

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 Manager in Aruba 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 Manager in Aruba with a high school education can earn an average salary of 26,500 AWG.

  • Certificate or Diploma. A Business Manager in Aruba with a certificate or diploma education can earn an average salary of 32,200 AWG.

  • Bachelor's Degree. A Business Manager in Aruba with a bachelor's degree education can earn an average salary of 46,160 AWG.

  • Master's Degree. A Business Manager in Aruba with a master's degree education can earn an average salary of 58,440 AWG.

Average Salary by Education Chart

High School
26,500 AWG
Certificate or Diploma +18%
32,200 AWG
Bachelor's Degree +45%
46,160 AWG
Master's Degree +31%
58,440 AWG

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 Aruba is around 11,300 to 33,900 AWG 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 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 Aruba, a male business manager will earn an average of 47,540 AWG, while a female business manager will earn around 37,800 AWG.

This means that a male business manager earns approximately 26% more than a female business manager for performing the same job.

Average Salary by Gender Chart in Aruba

Male
47,540 AWG
Female -26%
37,800 AWG

Business Manager Average Pay Raise in Aruba

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 Manager in Aruba is around 10% every 28 months.

The national average pay raise across all professions and industries in Aruba 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 = ( 10 ÷ 28 ) × 12  = 4%

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

Annual Pay Raise by Industry in Aruba for 2024

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

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

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

Business Manager Bonus and Incentive Rates in Aruba

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 Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% 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
67%
No Bonus
33%

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 Aruba earn approximately 14% more than private sector employees in the same role.

Public Sector
27,480 AWG
Private Sector -14%
24,200 AWG

Salaries for Jobs Similar to a Business Manager

In the table below, we have salary information for jobs that are similar to a Business Manager in Aruba.

Job Title Category Salary
Assistant Business Development Manager Business Planning 36,160 AWG
Assistant Merchandise Planner Business Planning 19,940 AWG
Business Advisor Business Planning 35,340 AWG
Business Analyst Business Planning 35,340 AWG
Business Consultant Business Planning 34,360 AWG
Business Continuity Associate Business Planning 21,400 AWG
Business Developer Business Planning 21,300 AWG
Business Development Analyst Business Planning 23,140 AWG
Business Development Associate Business Planning 17,860 AWG
Business Development Coordinator Business Planning 19,480 AWG
Business Development Director Business Planning 48,160 AWG
Business Development Engineer Business Planning 26,780 AWG
Business Development Executive Business Planning 35,340 AWG
Business Development Manager Business Planning 45,620 AWG
Business Development Specialist Business Planning 30,700 AWG
Business Operations Specialist Business Planning 31,960 AWG
Business Process Writer Business Planning 21,100 AWG
Business Systems Analyst Business Planning 33,520 AWG
Capacity Planner Business Planning 24,280 AWG
Capacity Planning Supervisor Business Planning 31,960 AWG
Change Communications Analyst Business Planning 29,600 AWG
Change Control Analyst Business Planning 34,080 AWG
Change Impact Analyst Business Planning 32,900 AWG
Contracts Executive Business Planning 34,360 AWG
Corporate Strategy Analyst Business Planning 34,160 AWG
Cost Control Engineer Business Planning 21,300 AWG
Cost Controller Business Planning 27,040 AWG
Cost Estimator Business Planning 22,540 AWG
Data Executive Business Planning 17,760 AWG
Data Manager Business Planning 24,720 AWG
Data Processing Manager Business Planning 30,700 AWG
Development Researcher Business Planning 25,720 AWG
Director of Business Development Business Planning 48,160 AWG
Director of Production Planning Business Planning 42,320 AWG
Due Diligence Analyst Business Planning 36,940 AWG
Estimating Manager Business Planning 36,020 AWG
General Manager Business Planning 43,480 AWG
Incident Handler Business Planning 26,020 AWG
Incident Specialist Business Planning 30,220 AWG
Lean Consultant Business Planning 25,160 AWG
Manager Business Planning 42,960 AWG
Marketing and Business Development Manager Business Planning 40,640 AWG
Materials Planner Business Planning 13,100 AWG
Merchandise Assistant Business Planning 17,020 AWG
Merchandise Controller Business Planning 17,260 AWG
Merchandise Planner Business Planning 14,540 AWG
Operations Analyst Business Planning 31,400 AWG
Operations Manager Business Planning 37,740 AWG
Operations Research Analyst Business Planning 21,020 AWG
Planning and Reporting Manager Business Planning 34,380 AWG
Planning Director Business Planning 46,160 AWG
Project Administrator Business Planning 23,400 AWG
Project Manager Business Planning 36,020 AWG
Project Planner Business Planning 21,300 AWG
Research Assistant Business Planning 19,200 AWG
Research Engineer Business Planning 20,000 AWG
Research Officer Business Planning 17,540 AWG
Risk Management Specialist Business Planning 35,500 AWG
Scholarship Coordinator Business Planning 16,140 AWG
Store Planner Business Planning 16,400 AWG
Strategy Director Business Planning 43,800 AWG
Top Research and Development Executive Business Planning 50,080 AWG

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