Average COO Salary in Venezuela for 2024

In this article, we will look at the average COO salary for 2024 in Venezuela 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 Venezuelan bolívar soberano. To keep things simple, we are using the VES currency code instead of the currency symbol Bs.S..

How Much Does a COO Make in Venezuela?

A COO working in Venezuela will typically earn around 2,593,900 VES per year, and this can range from the lowest average salary of about 1,345,400 VES to the highest average salary of 3,959,700 VES.

Average Annual Salary
2,593,900 VES
Average Monthly Salary
216,158 VES

Lowest Annual Salary
1,345,400 VES
Lowest Monthly Salary
112,116 VES

Highest Annual Salary
3,959,700 VES
Highest Monthly Salary
329,975 VES

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

COO 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 COO Salaries in Venezuela

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

Salary ranges

We already know that a COO can earn between 1,345,400 VES and 3,959,700 VES on average in Venezuela. 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 COO in Venezuela is 2,485,800 VES. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,485,800 VES, and 50% of the population earn more than 2,485,800 VES.

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 COO salary in Venezuela, 25% of the population are earning less than 1,728,900 VES while 75% of the population earn more than 1,728,900 VES.

75% of the population earn less than 3,094,100 VES, and 25% of the population earn more than 3,094,100 VES.

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.

COO Salary by Experience Level in Venezuela

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 coo 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 COO in Venezuela that has less than two years of experience can expect to earn somewhere in the region of 1,537,500 VES.
  • 2 - 5 Years Experience. With two to five years of experience the average COO salary would increase to 2,052,200 VES.
  • 5 - 10 Years Experience. From five to ten years of experience as a COO, the average salary would be 2,662,900 VES.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,229,900 VES.
  • 15 - 20 Years Experience. A COO with 15 to 20 years of experience can earn an average of 3,529,600 VES.
  • 20+ Years Experience. For a COO with more than 20 years, the expected average salary increases to 3,718,600 VES.

Average Salary by Experience Chart

0-2 Years
1,537,500 VES
2-5 Years +34%
2,052,200 VES
5-10 Years +30%
2,662,900 VES
10-15 Years +21%
3,229,900 VES
15-20 Years +9%
3,529,600 VES
20+ Years +5%
3,718,600 VES

COO Salary by Education Level in Venezuela

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 COO in Venezuela 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 COO in Venezuela with a high school education can earn an average salary of 1,846,200 VES.

  • Certificate or Diploma. A COO in Venezuela with a certificate or diploma education can earn an average salary of 2,110,600 VES.

  • Bachelor's Degree. A COO in Venezuela with a bachelor's degree education can earn an average salary of 2,976,900 VES.

  • Master's Degree. A COO in Venezuela with a master's degree education can earn an average salary of 3,601,500 VES.

Average Salary by Education Chart

High School
1,846,200 VES
Certificate or Diploma +14%
2,110,600 VES
Bachelor's Degree +41%
2,976,900 VES
Master's Degree +21%
3,601,500 VES

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 Venezuela is around 662,000 to 1,990,000 VES 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.

COO 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 Venezuela, a male coo will earn an average of 2,724,700 VES, while a female coo will earn around 2,495,600 VES.

This means that a male coo earns approximately 9% more than a female coo for performing the same job.

Average Salary by Gender Chart in Venezuela

Male
2,724,700 VES
Female -9%
2,495,600 VES

COO Average Pay Raise in Venezuela

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 COO in Venezuela is around 9% every 28 months.

The national average pay raise across all professions and industries in Venezuela 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 = ( 9 ÷ 28 ) × 12  = 4%

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

Annual Pay Raise by Industry in Venezuela for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

COO Bonus and Incentive Rates in Venezuela

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 COO 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 6% to 8%.

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 Venezuela earn approximately 11% more than private sector employees in the same role.

Public Sector
1,655,500 VES
Private Sector -11%
1,487,200 VES

Salaries for Jobs Similar to a COO

In the table below, we have salary information for jobs that are similar to a COO in Venezuela.

Job Title Category Salary
Account Coordinator Executive and Management 1,450,700 VES
Account Director Executive and Management 1,858,200 VES
Account Executive Executive and Management 1,835,700 VES
Account Manager Executive and Management 1,811,000 VES
Administration Manager Executive and Management 1,811,000 VES
Administration Officer Executive and Management 999,500 VES
Administration Supervisor Executive and Management 1,464,200 VES
Administrative Clerk Executive and Management 751,700 VES
Administrative Officer Executive and Management 725,700 VES
Area Director Executive and Management 1,668,900 VES
Area Manager Executive and Management 1,645,600 VES
Asset Protection Associate Executive and Management 2,003,200 VES
Assistant Director Executive and Management 1,882,700 VES
Assistant General Manager Executive and Management 2,003,200 VES
Assistant Manager Executive and Management 1,896,700 VES
Assistant Managing Director Executive and Management 2,161,200 VES
Assistant Operations Manager Executive and Management 2,015,600 VES
Assistant Project Manager Executive and Management 1,921,500 VES
Assistant Section Head Executive and Management 1,547,500 VES
Assistant to CEO Executive and Management 1,728,900 VES
Assistant Vice President Executive and Management 2,026,800 VES
Associate Account Director Executive and Management 1,896,700 VES
Associate Director Executive and Management 1,955,300 VES
Bid Manager Executive and Management 2,161,200 VES
Branch Manager Executive and Management 2,124,400 VES
Business Development Manager Executive and Management 2,339,200 VES
Business Operations Associate Executive and Management 1,835,700 VES
Business Operations Lead Executive and Management 1,955,300 VES
Campaign Manager Executive and Management 1,990,300 VES
Catering Coordinator Executive and Management 1,094,000 VES
Catering Manager Executive and Management 1,882,700 VES
CEO Executive and Management 3,696,900 VES
Chairman of The Board Executive and Management 3,514,400 VES
Chairman Office Manager Executive and Management 2,389,200 VES
Chief Commercial Officer Executive and Management 2,557,100 VES
Chief Corporate Officer Executive and Management 2,773,700 VES
Chief Executive Officer Executive and Management 3,481,100 VES
Chief Financial Officer Executive and Management 3,349,100 VES
Chief Investment Officer Executive and Management 2,557,100 VES
Chief of Staff Executive and Management 1,703,200 VES
Chief Operating Officer Executive and Management 2,698,900 VES
Chief Risk Officer Executive and Management 2,389,200 VES
Client Account Manager Executive and Management 2,184,900 VES
Client Accounts Officer Executive and Management 1,896,700 VES
Client Services Manager Executive and Management 2,327,100 VES
Commercial Director Executive and Management 2,471,700 VES
Commercial Manager Executive and Management 2,110,600 VES
Commercial Project Manager Executive and Management 1,980,600 VES
Commodity Broker Executive and Management 1,560,800 VES
Corporate Affairs Executive Executive and Management 2,065,400 VES
Corporate Compliance Director Executive and Management 2,423,000 VES
Corporate Director Executive and Management 2,389,200 VES
Corporate Officer Executive and Management 1,632,100 VES
Corporate Partnerships Officer Executive and Management 1,741,800 VES
Country Manager Executive and Management 2,819,600 VES
Department Head Executive and Management 2,221,600 VES
Department Manager Executive and Management 2,304,300 VES
Department Supervisor Executive and Management 1,858,200 VES
Deputy Director Executive and Management 2,557,100 VES
Deputy Manager Executive and Management 2,629,100 VES
Director Executive and Management 2,734,500 VES
Director of Accreditation Executive and Management 2,471,700 VES
Director of Catering Services Executive and Management 2,086,500 VES
Director of Client Services Executive and Management 2,339,200 VES
Director of Facilities Management Executive and Management 1,980,600 VES
Director of Operations Executive and Management 2,352,500 VES
Director of Process Simplification Executive and Management 1,942,700 VES
Director of Product Management Executive and Management 2,401,300 VES
Director of Project Management Executive and Management 2,519,500 VES
Director of Revenue Management Executive and Management 2,290,300 VES
Director of Training and Development Executive and Management 2,254,400 VES
Distribution Manager Executive and Management 2,495,600 VES
Division Manager Executive and Management 2,076,600 VES
Duty Manager Executive and Management 2,015,600 VES
Engagement Manager Executive and Management 2,485,800 VES
Executive Director Executive and Management 3,359,900 VES
Executive Manager Executive and Management 2,902,500 VES
Franchise Manager Executive and Management 2,928,100 VES
General Manager Executive and Management 2,759,700 VES
Global Master Data Manager Executive and Management 2,447,200 VES
Global Technical Lead Executive and Management 1,632,100 VES
Head of Investment Executive and Management 2,374,400 VES
Head of Middle Office Executive and Management 2,146,100 VES
Head of Projects Executive and Management 2,423,000 VES
Head of Strategy Executive and Management 2,653,700 VES
Head of Supply Chain Executive and Management 2,230,100 VES
Head of Sustainability Executive and Management 1,921,500 VES
Housing Manager Executive and Management 1,942,700 VES
HSE Manager Executive and Management 2,065,400 VES
Key Account Manager Executive and Management 1,942,700 VES
Knowledge Manager Executive and Management 2,242,500 VES
Location Manager Executive and Management 2,314,800 VES
Logistics Executive Executive and Management 1,811,000 VES
Logistics Manager Executive and Management 1,800,200 VES
Management Consultant Executive and Management 1,942,700 VES
Management Executive Executive and Management 2,676,200 VES
Manager Executive and Management 2,435,600 VES
Managing Director Executive and Management 2,748,900 VES
MIS Executive Executive and Management 2,508,300 VES
Ocean Services Manager Executive and Management 2,471,700 VES
Operational Manager Executive and Management 2,401,300 VES
Operations Analyst Executive and Management 2,146,100 VES
Operations Assistant Executive and Management 1,728,900 VES
Operations Director Executive and Management 2,759,700 VES
Operations Executive Executive and Management 2,662,900 VES
Operations Manager Executive and Management 2,543,000 VES
Operations Supervisor Executive and Management 2,290,300 VES
Planning Director Executive and Management 2,519,500 VES
PMO Manager Executive and Management 2,254,400 VES
Policy Administration Executive Executive and Management 1,990,300 VES
Private Sector Executive Executive and Management 2,038,500 VES
Product Development Manager Executive and Management 2,460,900 VES
Product Executive Executive and Management 2,173,000 VES
Production Executive Executive and Management 2,485,800 VES
Production Manager Executive and Management 2,411,500 VES
Production Supervisor Executive and Management 2,052,200 VES
Program Director Executive and Management 2,495,600 VES
Program Manager Executive and Management 2,411,500 VES
Programme Coordinator Executive and Management 1,741,800 VES
Project Control Manager Executive and Management 2,566,100 VES
Project Coordinator Executive and Management 1,537,500 VES
Project Management Officer Executive and Management 1,645,600 VES
Project Manager Executive and Management 1,728,900 VES
Project Portfolio Manager Executive and Management 1,930,500 VES
Quality Manager Executive and Management 1,930,500 VES
R/D Director Executive and Management 2,038,500 VES
Regional Director Executive and Management 3,395,900 VES
Regional Manager Executive and Management 2,533,800 VES
Relationship Manager Executive and Management 2,290,300 VES
Retail District Manager Executive and Management 1,645,600 VES
Revenue Manager Executive and Management 1,980,600 VES
Risk and Capital Manager Executive and Management 2,773,700 VES
Risk Officer Executive and Management 1,741,800 VES
Safety Manager Executive and Management 1,741,800 VES
Section Head Executive and Management 1,835,700 VES
Service Manager Executive and Management 1,942,700 VES
Shift Supervisor Executive and Management 1,510,400 VES
Solutions Manager Executive and Management 1,655,500 VES
Supervisor Executive and Management 1,476,700 VES
Supply Chain Manager Executive and Management 2,617,900 VES
Surveyor Executive and Management 1,632,100 VES
Technical Director Executive and Management 2,281,800 VES
Technical Manager Executive and Management 2,290,300 VES
Territory Manager Executive and Management 2,435,600 VES
Validation Manager Executive and Management 1,955,300 VES
Vice President Executive and Management 2,998,500 VES
Zone Manager Executive and Management 2,423,000 VES

Salary Comparison by City

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

City Average Salary
Barquisimeto 2,676,200 VES
Caracas 2,893,600 VES
Ciudad Guayana 2,352,500 VES
Maracaibo 2,893,600 VES

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