Average Business Operations Associate Salary in Guyana for 2024

In this article, we will look at the average Business Operations Associate salary for 2024 in Guyana 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 Guyanese dollar. To keep things simple, we are using the GYD currency code instead of the currency symbol $.

How Much Does a Business Operations Associate Make in Guyana?

A Business Operations Associate working in Guyana will typically earn around 2,266,400 GYD per year, and this can range from the lowest average salary of about 1,110,500 GYD to the highest average salary of 3,539,100 GYD.

Average Annual Salary
2,266,400 GYD
Average Monthly Salary
188,866 GYD

Lowest Annual Salary
1,110,500 GYD
Lowest Monthly Salary
92,541 GYD

Highest Annual Salary
3,539,100 GYD
Highest Monthly Salary
294,925 GYD

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

Business Operations Associate 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 Operations Associate Salaries in Guyana

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

Salary ranges

We already know that a Business Operations Associate can earn between 1,110,500 GYD and 3,539,100 GYD on average in Guyana. 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 Operations Associate in Guyana is 2,314,800 GYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,314,800 GYD, and 50% of the population earn more than 2,314,800 GYD.

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 Operations Associate salary in Guyana, 25% of the population are earning less than 1,537,500 GYD while 75% of the population earn more than 1,537,500 GYD.

75% of the population earn less than 2,987,000 GYD, and 25% of the population earn more than 2,987,000 GYD.

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 Operations Associate Salary by Experience Level in Guyana

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 operations associate 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 Operations Associate in Guyana that has less than two years of experience can expect to earn somewhere in the region of 1,320,500 GYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Operations Associate salary would increase to 1,693,600 GYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Operations Associate, the average salary would be 2,339,200 GYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,893,600 GYD.
  • 15 - 20 Years Experience. A Business Operations Associate with 15 to 20 years of experience can earn an average of 3,094,100 GYD.
  • 20+ Years Experience. For a Business Operations Associate with more than 20 years, the expected average salary increases to 3,312,100 GYD.

Average Salary by Experience Chart

0-2 Years
1,320,500 GYD
2-5 Years +29%
1,693,600 GYD
5-10 Years +38%
2,339,200 GYD
10-15 Years +24%
2,893,600 GYD
15-20 Years +7%
3,094,100 GYD
20+ Years +7%
3,312,100 GYD

Business Operations Associate Salary by Education Level in Guyana

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 Operations Associate in Guyana 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 Operations Associate in Guyana with a high school education can earn an average salary of 1,645,600 GYD.

  • Certificate or Diploma. A Business Operations Associate in Guyana with a certificate or diploma education can earn an average salary of 1,882,700 GYD.

  • Bachelor's Degree. A Business Operations Associate in Guyana with a bachelor's degree education can earn an average salary of 2,543,000 GYD.

  • Master's Degree. A Business Operations Associate in Guyana with a master's degree education can earn an average salary of 3,192,300 GYD.

Average Salary by Education Chart

High School
1,645,600 GYD
Certificate or Diploma +15%
1,882,700 GYD
Bachelor's Degree +35%
2,543,000 GYD
Master's Degree +26%
3,192,300 GYD

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 Guyana is around 876,000 to 2,630,000 GYD 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 Operations Associate 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 Guyana, a male business operations associate will earn an average of 2,339,200 GYD, while a female business operations associate will earn around 2,173,000 GYD.

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

Average Salary by Gender Chart in Guyana

Male
2,339,200 GYD
Female -8%
2,173,000 GYD

Business Operations Associate Average Pay Raise in Guyana

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 Operations Associate in Guyana is around 8% every 28 months.

The national average pay raise across all professions and industries in Guyana 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Business Operations Associate in Guyana can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Guyana for 2024

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

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 Operations Associate Bonus and Incentive Rates in Guyana

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 Operations Associate is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% 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 3% to 6%.

Received Bonus
38%
No Bonus
62%

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

Public Sector
2,266,400 GYD
Private Sector -14%
1,990,300 GYD

Salaries for Jobs Similar to a Business Operations Associate

In the table below, we have salary information for jobs that are similar to a Business Operations Associate in Guyana.

Job Title Category Salary
Account Coordinator Executive and Management 1,921,500 GYD
Account Director Executive and Management 2,327,100 GYD
Account Executive Executive and Management 2,254,400 GYD
Account Manager Executive and Management 2,197,700 GYD
Administration Manager Executive and Management 2,339,200 GYD
Administration Officer Executive and Management 1,235,600 GYD
Administration Supervisor Executive and Management 1,921,500 GYD
Administrative Clerk Executive and Management 890,100 GYD
Administrative Officer Executive and Management 917,700 GYD
Area Director Executive and Management 2,146,100 GYD
Area Manager Executive and Management 2,197,700 GYD
Asset Protection Associate Executive and Management 2,339,200 GYD
Assistant Director Executive and Management 2,339,200 GYD
Assistant General Manager Executive and Management 2,389,200 GYD
Assistant Manager Executive and Management 2,593,900 GYD
Assistant Managing Director Executive and Management 2,711,900 GYD
Assistant Operations Manager Executive and Management 2,653,700 GYD
Assistant Project Manager Executive and Management 2,242,500 GYD
Assistant Section Head Executive and Management 2,026,800 GYD
Assistant to CEO Executive and Management 2,173,000 GYD
Assistant Vice President Executive and Management 2,593,900 GYD
Associate Account Director Executive and Management 2,374,400 GYD
Associate Director Executive and Management 2,362,300 GYD
Bid Manager Executive and Management 2,724,700 GYD
Branch Manager Executive and Management 2,557,100 GYD
Business Development Manager Executive and Management 2,914,600 GYD
Business Operations Lead Executive and Management 2,327,100 GYD
Campaign Manager Executive and Management 2,566,100 GYD
Catering Coordinator Executive and Management 1,391,600 GYD
Catering Manager Executive and Management 2,362,300 GYD
CEO Executive and Management 4,654,300 GYD
Chairman of The Board Executive and Management 4,282,500 GYD
Chairman Office Manager Executive and Management 2,794,600 GYD
Chief Commercial Officer Executive and Management 3,323,300 GYD
Chief Corporate Officer Executive and Management 3,659,400 GYD
Chief Executive Officer Executive and Management 4,439,200 GYD
Chief Financial Officer Executive and Management 3,970,700 GYD
Chief Investment Officer Executive and Management 3,421,600 GYD
Chief of Staff Executive and Management 2,136,200 GYD
Chief Operating Officer Executive and Management 3,312,100 GYD
Chief Risk Officer Executive and Management 2,819,600 GYD
Client Account Manager Executive and Management 2,748,900 GYD
Client Accounts Officer Executive and Management 2,304,300 GYD
Client Services Manager Executive and Management 2,844,200 GYD
Commercial Director Executive and Management 2,914,600 GYD
Commercial Manager Executive and Management 2,641,300 GYD
Commercial Project Manager Executive and Management 2,401,300 GYD
Commodity Broker Executive and Management 1,858,200 GYD
COO Executive and Management 3,469,900 GYD
Corporate Affairs Executive Executive and Management 2,688,800 GYD
Corporate Compliance Director Executive and Management 2,844,200 GYD
Corporate Director Executive and Management 2,976,900 GYD
Corporate Officer Executive and Management 2,026,800 GYD
Corporate Partnerships Officer Executive and Management 2,173,000 GYD
Country Manager Executive and Management 3,432,600 GYD
Department Head Executive and Management 2,854,700 GYD
Department Manager Executive and Management 2,831,100 GYD
Department Supervisor Executive and Management 2,435,600 GYD
Deputy Director Executive and Management 3,047,800 GYD
Deputy Manager Executive and Management 3,118,900 GYD
Director Executive and Management 3,586,300 GYD
Director of Accreditation Executive and Management 2,831,100 GYD
Director of Catering Services Executive and Management 2,794,600 GYD
Director of Client Services Executive and Management 2,868,600 GYD
Director of Facilities Management Executive and Management 2,543,000 GYD
Director of Operations Executive and Management 2,976,900 GYD
Director of Process Simplification Executive and Management 2,327,100 GYD
Director of Product Management Executive and Management 2,854,700 GYD
Director of Project Management Executive and Management 2,987,000 GYD
Director of Revenue Management Executive and Management 2,676,200 GYD
Director of Training and Development Executive and Management 2,941,000 GYD
Distribution Manager Executive and Management 3,132,800 GYD
Division Manager Executive and Management 2,629,100 GYD
Duty Manager Executive and Management 2,579,200 GYD
Engagement Manager Executive and Management 3,035,200 GYD
Executive Director Executive and Management 4,465,800 GYD
Executive Manager Executive and Management 3,503,800 GYD
Franchise Manager Executive and Management 3,984,100 GYD
General Manager Executive and Management 3,514,400 GYD
Global Master Data Manager Executive and Management 3,205,100 GYD
Global Technical Lead Executive and Management 2,076,600 GYD
Head of Investment Executive and Management 3,013,500 GYD
Head of Middle Office Executive and Management 2,902,500 GYD
Head of Projects Executive and Management 2,878,300 GYD
Head of Strategy Executive and Management 3,529,600 GYD
Head of Supply Chain Executive and Management 2,854,700 GYD
Head of Sustainability Executive and Management 2,605,500 GYD
Housing Manager Executive and Management 2,447,200 GYD
HSE Manager Executive and Management 2,460,900 GYD
Key Account Manager Executive and Management 2,617,900 GYD
Knowledge Manager Executive and Management 2,773,700 GYD
Location Manager Executive and Management 2,893,600 GYD
Logistics Executive Executive and Management 2,339,200 GYD
Logistics Manager Executive and Management 2,242,500 GYD
Management Consultant Executive and Management 2,362,300 GYD
Management Executive Executive and Management 3,205,100 GYD
Manager Executive and Management 3,108,200 GYD
Managing Director Executive and Management 3,564,300 GYD
MIS Executive Executive and Management 2,976,900 GYD
Ocean Services Manager Executive and Management 3,253,900 GYD
Operational Manager Executive and Management 3,239,400 GYD
Operations Analyst Executive and Management 2,662,900 GYD
Operations Assistant Executive and Management 2,184,900 GYD
Operations Director Executive and Management 3,323,300 GYD
Operations Executive Executive and Management 3,229,900 GYD
Operations Manager Executive and Management 3,455,900 GYD
Operations Supervisor Executive and Management 2,868,600 GYD
Planning Director Executive and Management 3,118,900 GYD
PMO Manager Executive and Management 2,854,700 GYD
Policy Administration Executive Executive and Management 2,566,100 GYD
Private Sector Executive Executive and Management 2,676,200 GYD
Product Development Manager Executive and Management 2,987,000 GYD
Product Executive Executive and Management 2,495,600 GYD
Production Executive Executive and Management 2,953,200 GYD
Production Manager Executive and Management 3,023,200 GYD
Production Supervisor Executive and Management 2,653,700 GYD
Program Director Executive and Management 3,192,300 GYD
Program Manager Executive and Management 3,085,500 GYD
Programme Coordinator Executive and Management 2,100,900 GYD
Project Control Manager Executive and Management 3,239,400 GYD
Project Coordinator Executive and Management 1,800,200 GYD
Project Management Officer Executive and Management 2,184,900 GYD
Project Manager Executive and Management 2,184,900 GYD
Project Portfolio Manager Executive and Management 2,447,200 GYD
Quality Manager Executive and Management 2,327,100 GYD
R/D Director Executive and Management 2,593,900 GYD
Regional Director Executive and Management 3,934,900 GYD
Regional Manager Executive and Management 3,217,900 GYD
Relationship Manager Executive and Management 3,118,900 GYD
Retail District Manager Executive and Management 2,184,900 GYD
Revenue Manager Executive and Management 2,352,500 GYD
Risk and Capital Manager Executive and Management 3,253,900 GYD
Risk Officer Executive and Management 2,389,200 GYD
Safety Manager Executive and Management 2,266,400 GYD
Section Head Executive and Management 2,304,300 GYD
Service Manager Executive and Management 2,495,600 GYD
Shift Supervisor Executive and Management 1,921,500 GYD
Solutions Manager Executive and Management 2,052,200 GYD
Supervisor Executive and Management 1,921,500 GYD
Supply Chain Manager Executive and Management 3,156,400 GYD
Surveyor Executive and Management 2,110,600 GYD
Technical Director Executive and Management 2,759,700 GYD
Technical Manager Executive and Management 2,941,000 GYD
Territory Manager Executive and Management 2,902,500 GYD
Validation Manager Executive and Management 2,676,200 GYD
Vice President Executive and Management 3,745,100 GYD
Zone Manager Executive and Management 3,205,100 GYD

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